- The stabilizer gets post rewards. You can support it that way by voting for the daily comments posted by hbd.funder
- It doesn't really need a source of funding. The stable coin works to some extent even without a stabilizer but it has more short term swings. But even if you wanted a stabilizer, it could work fine with just a fixed pool of capital, and no ongoing funding. Historically the stabilizer has turned a profit and it probably would in the future as well, but even if not it could still work as long as it didn't lose so much that it ran out of capital to trade, which is very unlikely.
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That makes sense. I do think we have cost of capital though, I don't know how we could calculate it but it may be possible to calculate it.
I am not saying we should do this, but is there any reason we just have a stabilizer and we don't try to back it with other stable coins? (In my gut I want to say try to back it with bitcoin but it feels risky 🤣)
Somebody would need to hold the coins, increases counterparty risk.
That's a really good reason not to do it!