Any thoughts?
Just close the HBD stabilizer project and then everything will be fine.
No problem we might have some limited and temporary down spike like the early st*mt day, then it will recover again. The good standing of a debt instrument like HBD comes at the cost of Hive. So set HBD free to the market without having any internal effort to stabilize it. I am not an economist, but this is what I feel.
Thank you.
Won't help. If HBD drops below $1 then other people will do conversions. In fact that would make matters worse because at least with the stabilizer doing it, any profit from the conversion goes back to DHF and out of circulation (short term, unless stakeholders take the higher DHF balance as a reason to spend even more on proposals).
Without HBD maintaining a stable price, how can we position it as a go-to stablecoin? Many stores have already begun accepting HBD as their preferred stablecoin. This presents a significant marketing opportunity for Hive, especially with the promotion of "HBD accepted here." Additionally, the fact that these HBDs are not staked enhances liquidity. As usage grows, so will the strength of the economy.