We have seen a slight uptick in the number of NuBits parked, to 8956.
Savers can get a 25% return on their US-NBT just for committing to hold them for 6 months (more than a 50% return on an annualized basis). Shorter terms with a similar annualized rate can also be had. It is a very compelling value, especially when compared to BitUSD or USDT.
I think it would be wise for shareholders to maintain this rate until we get two or three times as many funds parked. Then shareholders can slowly reduce the rate.
Being a stable currency, NuBits cannot be expected to gain any nominal value. They shouldn’t lose value either, although that did happen once last year for a short period due to the Augeas default and rebellion against shareholders (and the Nu blockchain). Given this history of a downside, it is necessary to provide some additional incentive to hold NuBits. We can do that with park rates. As time moves forward, less incentive will be needed as confidence in the stability of NuBits increases. I expect we will see park rates drop quite a bit in the coming months. This is an unusual opportunity to make a profit with modest risk. The standard Nu client has an interface that makes it very easy to park funds for interest.
There are some in the community who are very excited about the prospect of Hayek money, or currency that maintains its value. Parked NuBits take this property to the next level, going beyond just protecting against inflation to rates that are clearly profitable. If you like Hayek money, you should be loving US-NBT right now.