Why I'm Using DeFi For My HBD

Currently HBD (Hive Backed Dollar) Is holding decently at its attempted $1 peg of which is should always return to. This is done through a decentralized method which has produced some rather decent results.

One of the biggest changes is when HBD starting to pay out a APR on savings of HBD. Savings of HBD is when you lock your HBD tokens into savings for at least 3 days. This was mainly put in place as a security feature as a way to lock your HBD and if you noticed it unlocked and you didn't do it you had enough time to stop it and reset your keys etc.

*This article is for entertainment purposes only and is not financial advise.

Well now that same savings is paying out a massive 20% APR. That means savings of the following would earn you...

100 HBD - 20% - 20 HBD a year or 0.054HBD daily
1,000 HBD - 20% - 200 HBD a year or 0.54HBD daily
10,000 HBD - 20% - 2,000HBD a year or 5.47HBD daily
100,000 HBD - 20% - 20,000HBD a year or 54.79HBD daily

I recently did a report on this as well as other passive income methods on a blog post of mine called How to earn $100 a day passive

The above sounds great right?
With just a little over 100,000 HBD you could passivly be earning enough as a full time job.

But it gets even better...

Through the power of #defi projects like CubDeFi you can take that 20% and instead turn it into 27% through holding stablecoins. This is done on the
BHBD-BUSD farm on CubDefi. You can convert your HBD into BHBD by visiting the Leo Bridge and converting it to the token you want. In this example we would want bHBD. Then take your BUSD from your binance wallet combine them and add them to the farm.

*Note All APRs and values of the CUB token are subject to change which will either earn you more or possibly earn you less over time. The APR displayed is the current rate if everything remained the same.

The nice thing about using the BHBD-BUSD pool however is that you'll be using two stable coins so this helps to minimize the risks.

7% might not sound like a lot but it is.

7% on 10,000 is $700 a year or 1.91 a day higher than just HBD (again some risks are involved)
7% on 100,000 is $7,000 a year 19.17 a day higher than just HBD (again some risks are involved)

That means you'd need 7% less initial funds in order to reach your goal so ever % does add up quickly. Compound those earnings and you could be netting some serious passive income through DeFi in no time.

Passive income along with compounding income is one of the most powerful ways to invest and crypto makes that all possible with the potential of massive returns unlike fiat systems. Of course with that do come risks so you'll need to weigh in the risk with the investment to where you're ok. For myself I invest anything I'm ok with not having which means if it sinks I'm ok with it and if it moons I'm really ok with it. Now get out there and get to work build your passive income streams with DeFi.

Posted Using LeoFinance ^Beta