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_{Image by @doze}

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When I joined the hive blockchain I was told we had two native currencies, Hive and HBD. Hive is the major currency while HBD is more like a sidepiece to hive that Is always worth one dollar. I did a little research and I realized that HBD wasn't always a dollar. Apparently on the legacy chain and in the early days on hive HBD wasn't pegged to a dollar. This was nice as HBD could go well over the dollar, but then it could also dip. A bit more stability was needed and the @hbdstabilizer was born. If you are a dev you can look at a pseudocode by the developer in charge of the project smooth, that shows how it works here. Basically, It keeps the price at a dollar by buying, selling, and converting HBD to hive.

STABILITY

Thanks to the hbdstabilizer whenever we hear HBD we think of a stablecoin pegged to a dollar. HBD helps when you're trying to just keep your earnings. I'm sure In the past when it wasn't a stablecoin people had to keep some other stablecoins outside of hive whenever they just wanted to avoid volatility. But now I can confidently save money on the hive blockchain without getting scared that it may or may not dip whenever there's a bear market (like we are in presently).

Presently one hive is currently worth 0.3 dollars, and I can't help but imagine what the price of HBD would be if it wasn't a stablecoin. It is always nice to have some HBD in hand at times like these when we need to pick up our favorite coins (like hive) at cheap prices.

INTEREST

As time has gone on, HBD has been getting even more attractive. Firstly we started seeing a 10% APR whenever we put some HBD in savings, and then the interest rate increased from 10% to 12%. It didn't stop there, as the interest rate is now at 20% APR. I personally wasn't paying much attention to savings at the initial stages, but 20% interest on a stablecoin was too good to resist, and with a lockdown time of only 3 days, it's even more attractive. If you put 1,000 HBD you'll be getting 16.6 HBD a month, 5,000 and you'll get 83.3 HBD, 10,000 you'll get 166.6 HBD, and so on.

Now, every power-up day I add a little HBD to savings. I'm building it just like I have been doing with my hive power.

I think the HBD is a very important part of the hive ecosystem and gives more options in terms of eye-catching Investments. If HBD had a lot of liquidity, It could also be a reason people join the hive blockchain

~THANKS FOR READING~

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