RE: Something Good Came From All the HBD Interest Rate Talk
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The question is how long of a lock is sufficient. Like does percentage increase as it stays locked longer and longer?
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No. One would likely have to choose from the start where to lock the HBD and for what period (and at what APR - which remains constant for the entire lockup period, regardless of how the interest rates fluctuate after that). After the period expires, I imagine it would have to be claimed and relocked to continue to earn interest. Otherwise, someone would lock HBD for a certain period, and, if the interest keeps going afterward normally and the HBD has no time lock, the whole point of the time lock is missed after the initial period passes.
Hmm, but can the witnesses lower the APR during the lock? Like does it apply after the lock period expiration?
From discussions, what's been locked remains at a fixed APR, regardless of the changes in witness APRs after that. But we will see.