I had assumed that the DHF was all stored in only one token and not a mix of both - it's not something I have studied the mechanics of in depth.
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I had assumed that the DHF was all stored in only one token and not a mix of both - it's not something I have studied the mechanics of in depth.
Its a mix since the Hive fork of 2020.... the old Steemit inc funds in HIVE ... and yes this is odd, the DHF should hold HBD only .... but they put those 83M HIVE in slow mode conversion to HBD to avoid price shocks
I see, ok, I understand. It would be so helpful to have all these details recorded in a FAQ or wiki of some kind.. Maybe they are, but it's not visible.
Is there a place that shows the value for the % of the total Ninja Mined DHF funds that have been used so far? I don't recall seeing that anywhere.
The DHF is funded from the regular HIVE inflation, plus the stabilizer is adding signifcant sums from time to time depending on the market condition, and the ninja mine conversions. The ninja mine conversions have been the major source of funds to get to tge 23M HBD that we are now in the DHF. The regular HIVE inflation for the DHF at this prices is around 60k HBD per month. On a yearly basis its 720k at this prices. Even if we double that its 1.5M, say max 2M.
Note that only 1% of the DHF funds can be used daily. If there was no aditional funds from the ninja mine, the curent spending from the DHF would have not been possible.