Hello SPIers, today I would like to gather some feedback on an idea. I have spotted a gap in the HBD market that we could create a simple solution for. Whether it would be used at great volume would be another thing hence the request for your feedback. 


![image.png](https://files.peakd.com/file/peakd-hive/spinvest/23tGVdUJ5DpzYHyjUSvcEJoqegU4DBKjrrx2MksG6zRz9mGJ7t5mTpgHjTQyTAPGaMoha.png)


When it comes to innovation on HIVE, 99% of the effort is focused on HIVE itself and HBD remains very underdeveloped in comparison. This is understandable when hive-engine tokens are only traded for with HIVE and it makes it hard for operators to create HBD-based projects. Hard does not mean impossible and I think SPinvest can add value to the HBD eco-system by giving it an extra use case for the whole HIVE community. 

Im not going to make this a long post and go into deep details but the idea is. 

#### Hive Backed Dollar Bond - HBDB
(Not the actual name but something like this) 

Currently, people who hold and save HBD earn a 20% interest rate per year. This interest payment is paid out each month and is auto-compounded into your existing HBD balance. For those looking to save and increase their HBD balance, this is great but I think there is a gap in the market for people who like to spend their HBD interest each month or part of it. Some people might use their HBD interest as an income or to fund DCAing into HIVE, HE tokens are other cryptos.

**The solution**
Offer HBD token holders the option to wrap their HBD into HBDB to earn a weekly liquid HBD interest payment with no risk to their HBD balance. 

HBD = Receive a monthly locked interest reward
HBDB = Receive a weekly liquid interest reward 

- Buying in

Investors would simply send any amount of HBD to the @hbdb account and within seconds receive their HDBD tokens in their HE wallet. 1 HBD converts to 1 HBDB at buy-in with no fee. 

- Getting paid

Investors hold the HBDB in their HE wallets and receive a weekly liquid HBD payment to their HIVE wallet.
This payment would be equal to 90% of the current HBD saving APY. Using today's HBD savings APY of 20%, HDBD would pay a liquid HBD payment equal to 18% APY. *Thats the catch and thats where SPI makes a few HBDs.*  

- Cashing out

For the first 12-18 months, cashouts would be done manually. Token holders would send their HBDB back to the @hdbd account and wait 3 days. This is simply because it takes 3 days to withdraw HBD from a savings account. HBD will be sent back at a ratio of 1 HBDB to 1 HBD to whatever account returned the HBDB. 

After 18 months, the project should have earned some HBD that can used as a kitty. This would let us introduce automated instant cashouts and make HBDB more liquid than saving HDB itself, 3 days more liquid and this would become another great USP for HBDB. 1 HBDB converts to 1 HBD at cash out with no fee.

**End Goal**
We aim to capture 0.5% of the total HBD in circulation, currently 27 million. We do this by using the 10% SPI taken as an operational fee to provide liquidity and offer instant buy-ins and cash-outs for HBDB. The end goal is to  offer a way for the whole HIVE ecosystem to earn a yield from wrapped version of HBD that is not locked to any withdrawing time period and is fully liquid. 


 

#### Feedback Please

- What do you think? 
- Is there a market for people who would prefer to receive a liquid HBD interest payment over a locked interest payment? 
- Do you have any use/need for liquid HBD each week?
- Does the starting auto buying-in and manual cashing-out process look ok? 
- What would you do differently? what would you, remove are change?
- Would you buy any? If yes, how would you allocate your HBD between saving HBD in your HIVE wallet for growth and wrapping it into HBDB to earn a liquid HBD payment? 

Thank you for taking the time to check out the post, i look forward to the feedback and seeing what people think. Please be honest and dont just say great idea if you would not use it. 
















 























































































































<center>

-----


![image.png](https://files.peakd.com/file/peakd-hive/spinvest/23tmjJCECqv8bE1vgAHYF7DavEAEnxc9vRJJiFLvoZotCJFDvqB6FbcpsbV7Wbk73y5Lc.png)


|Token Name|Main Account| Link to hive-engine|
|-|-|-|
|   SPI token   |  @spinvest   | [SPI](https://tribaldex.com/trade/SPI)   |
|   LBI token  | @lbi-token     | [LBI](https://tribaldex.com/trade/LBI)     |
|    Top XV token  |  @spinvest    |   [XV](https://tribaldex.com/trade/XV)   |
|    Eddie Earners  |   @eddie-earner  | [EDS](https://tribaldex.com/trade/EDS)     |
|    EDS miners  |  @eddie-earner   |   [EDSM](https://tribaldex.com/trade/EDSM)   |
|    EDS mini miners  |  @eddie-earner   |   [EDSMM](https://tribaldex.com/trade/EDSMM)   |
|DAB|@dailydab|[DAB](https://tribaldex.com/trade/DAB)|
|DBOND|@dailydab|[DBOND](https://tribaldex.com/trade/DBOND)|

##### Stay up to date with investments, and fund stats and find out more about SPinvest in our [discord server](https://discord.gg/RQnXqpgBMu)

![image.png](https://files.peakd.com/file/peakd-hive/spinvest/23zH1zwm7oeDtDZCw7fZ7GBUQLguER3sWud9dzYWjwTRvkaRUcsQ1CCrxbFCspx9nmAmA.png)

</center>