HBD Bonds Update Jan 2024| Second Month in - No Early Withdrawals | Plans for Another Bond Sale in February?
The first batch of HBD bonds as per the announcement post from November 15, 2023 was sold out.
The sale was for a 10k HBD, offering a 30% APR, or 10% premium on HBD interest, for a 90-day lockup, in tranches of 10x100 and 9x1000. There was a 10-day sale period, but they sold out after seven days. If the funds are withdrawn prior to the maturity date, the bond buyers receive only the principal with no interest.
The accounts that bought the bonds are as follows:
| Account | Bonds Bought [HBD] | Bonds Buying Date | Maturity Date | Expected payout |
|---|---|---|---|---|
| @newilluminati | 5,100 | 11/23/2023 | 2/21/2024 | 5,481.5 |
| @dannyshine | 2,000 | 11/21/2023 | 2/19/2024 | 2,149.6 |
| @deanliu | 1,000 | 11/19/2023 | 2/17/2024 | 1,074.8 |
| @freecompliments | 1,000 | 11/17/2023 | 2/15/2024 | 1,074.8 |
| @randumb | 200 | 11/19/2023 | 2/17/2024 | 215.0 |
| @trostparadox | 200 | 11/21/2023 | 2/19/2024 | 215.0 |
| @bhattg | 100 | 11/19/2023 | 2/17/2024 | 107.5 |
| @talesfrmthecrypt | 100 | 11/15/2023 | 2/13/2024 | 107.5 |
| @kenny-crane | 100 | 11/16/2023 | 2/14/2024 | 107.5 |
| @lilkingdom | 100 | 11/20/2023 | 2/18/2024 | 107.5 |
| @manniman | 100 | 11/15/2023 | 2/13/2024 | 107.5 |
The details for the maturity date and the amount of expected payouts are in the table above. A total of 11 accounts took participation.
A reminder that if anyone wants to withdraw earlier, it can be done, but all the interest will be lost. Only the initial amount that was sent will be refunded, no matter when the withdraw is made, for example after 30 or 60 days.
If someone wants to withdraw early, please comment under this post and tag my personal account @dalz. A reminder can be sent to me on my discord #dalz3699, but initially there should be a comment on the Hive chain first to confirm identity. For any early withdrawals I will try and refund them in 24H, providing liquidity myself, but if the amounts are larger, I keep the right of maximum 3.5 days that is needed for the withdrawals from savings.
If no early withdrawals are made, the funds as specified in the table above will be sent back to the accounts above on the date and in the amounts as stated.
Another Bond Sale in February?
Yes, I plan to do another bond sale at the end of February, after the current bonds are paid out to the users, for which the end date is February 21st. After this I will announce another bonds sale, that will probably have a very similar parameters like this one, but with some minor tweaks. There will be enough time and upfront info for the interested participants. The details will be presented when the bonds sale will go live. This is just a note for those interested in to plan and have some liquid HBD at the end of February.
If you want to support the project vote this post.
Beneficiary for the post goes to @yield.reserves.
All the best
@dalz
How can I buy HBD bond?
I will annaunce the sale at the end of February, and in the period that will be detarmained you basicly sent HBD to @hbd.bonds
The HBD bonds sales is a good idea and would help generate extra income for people on the platform, and the APY is quite decent. I think I will participate in the next batch if I can get the HBD. Thanks for coming up with this initiative.
Where do the reserves come from again?
Did you seed this experiment out of pocket?
Pretty much yea ... that in acctualy comming from Hive inflation that I personaly recive and alocate to the project. At least for the first batch.
I have some aditional ideas like buying BTC with a small percent of the funds, basicly trading, but long term, etc ... more info about sustainability here: https://peakd.com/hbd/@dalz/hbd-bonds-follow-up-or-first-batch-sold-initial-conclusions-future-plans-and-ideas-about-sustainability-going-forward
Interesting instrument.
I understand that the bonds are denominated in 100 and 1000HBD. Is it right?
When defi, in Hive?
For the first sale it was 100 and 1000 yes
Defi in Hive is already available, several LP's and all the CUB scheme by the guys at #leo . The thing is to make it profitable and sustainable, not only for the creators of the protocol tokens. This bond exploration is really interesting.
You said in your first post you will be making up the 10% extra by investing, how. That seems to vague, you can lose in investing. Should it not be up to +10% extra and risk of a loss of yield?
I'm personaly subsidizing the 10% premium for now ... that in fact is Hive inflation that I recive and alocate to the project. There is no investing. There might be some very conservative going forward, but for the risk for that is again mine, bonds buyers recive what is stated.
Good point! Let's see if I can gather some liquid to be able to participate.
I'm happy to be one of the 11 participating in your first bond sale. Looking forward to seeing what you do in the second bond offering. I'll likely get into that as well! :)
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STOPWhat is the lowest amount of money that can be used to buy bond?
I’m interested but do not have a lot of money
100 HBD
I think this is a good proof of concept that there is demand for flexible financial features.
Thank you so much for this quality stats over there
like i said most of us have moved on and forgotten about that money and if it wasn't invested it may have been earning less or been spent on bs. excited for the next one for sure and will utilize this time to find side hustles to make some extra $ to use for it.
thank you again.
Thanks for the follow-up, interested on the development as always.
I just occurred, what about Hive denominated bonds?
A product like 1000 HIVE 3 month 15% APY, the value proposal is: Beating the curation APY by 2 or 3 points, but leaving market for the issuer (the funds would be converted to HBD and staked at 20%) so it is basically a short bet in Hive for the issuer and a long bet for the taker...
Makes sense?
The HBD is an amazing idea, a good progress, I will love to participate and to try as much as possible not to withdraw earlier b4 the maturity date. February is no far, I pray I meet up with the HBD🙈.
The idea of the bond sale in February is a great one truly