RE: What is a Hive Backed Dollar? (HBD)
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Thank you for this explanation.
But on the 20% APR on HBD, how does it pay out? is it monthly or annually? I don't know how to calculate it on my own.
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It pays 20% annually, so on a thousand dollars worth of HBD it pays 200.
If you divide by 12 you get about 16.67 dollars. It pays you monthly.
I actually did a post on this here: https://hive.blog/hive-167922/@shortsegments/hive-hbd-savings-account-yield-proof-of-concept