I love HBD for the 20% APY return, but I actually think that rate is unsustainable in the long term and potentially even dangerous to the ecosystem.

Something I don't understand (well, one of many things I don't understand, but I'm always trying to learn more !) is the mechanism that allows HBD to maintain it's peg to the US dollar. If a few whales come along and want to invest in HBD, won't that soak up all the liquidity, pushing the price up and making it harder to hold the peg ?

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