Taken from hive.io community and rearranged.

Hi Friends

Today I have reached my another goal on HIVE, which is accumulating of 750 HBD. As you know, HBD is a stable cryptocurrency of the HIVE blockchain whose value is equal to or desired to be 1 USD. To make the value of HBD equal to 1 USD, smart contracts that convert HIVE to HBD or HBD to HIVE are operated on the HIVE blockchain. For details and technical information, you can check 1, 2 of @taskmaster4450.

Some of the author rewards are distributed as HIVE and some as HBD on the HIVE blockchain. The proportion of this distribution can be changed by HIVE witnesses over time. In 2021, an annual interest of 12% began to be paid to HIVE members who transfer HBD to their savings account in order to preserve the value of HBD. The interest rate was subsequently increased from 12% to 20% to further encourage HBD savings. There is no financial institution in the world that pays an annual interest of 20% for an instrument whose value is almost equal to 1 USD. If you deposit this money in USD in any bank in Turkiye, you will receive interest payout at the rate of 1%-2% per annum and also you will pay tax about 20% of the interest income. Considering today's HIVE and HBD prices, I think it makes a lot of sense to save HBD and get interest payout.

Source

From today on, if I don't transfer any HBD to my savings account, I will get 12.5 HBD interest payout per month and 150 HBD per annum. I don't take the compound interest into account. Assuming the price of HIVE is at $0.29, I will have got interest payout of 42.24 HIVE (approx.) units per month. If convert 750 HBD to HIVE, it makes 2534 HIVE. Supposing that I powered up with all of it, I could not have got 42.24 HIVE curation rewards per month with that much HIVE Power. As is seen, it is more rational to accumulate HBD and got interest payout at today's prices. On the other hand, I see that it is not preferred to accumulate HBD both in the TR community and on HIVE general. HIVE Power Up Days may also have affected this situation. At the beginning of each month, the list of monthly HBD interest payouts distributed on the HIVE blockchain is published by @geekgirl on the basis of account. As far as I have followed her posts, there is an increase in the HBD accumulation of the HIVE community every month.

No matter what the prices of HIVE and HBD will be in the future, I am sure about my next strategy, accumulating of 1000 HBD. If the market continues like this, I could convert the HBD interest payouts I will receive from my savings account to HIVE and use it to power up after reaching my goal of accumulating of 1000 HBD. Let's see how the balances will change on HIVE in the future.

What is written here about HIVE, HBD and the other instruments is not a financial advice. My calculations are based on today's prices, conditions may change tomorrow. The best investment is doing your own research and decision before making any investment. Thank you for reading.