Is it really though?
HBD is now going to be worth $1 of hive and most likely won't come off of that if it does maybe 30% and it will be quick.
However the other side of that is now the HBD stabilizer isn't going to be buying as much hive as it no longer needs to be as aggressive. Will this start dropping the price and demand for hive?
HBD price most likely wont move however Hives price has the possibility to double in price much easier, you also earn a higher APR over HBD.
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Okay well first of all you've assumed the price of Hive will go up.
If the price of Hive goes down HBD automatically wins.
On top of that assumption you're saying HBD can probably hold the peg.
Maybe it can, maybe it can't.
If there was a 50/50 chance of Hive going up or Hive going down HBD is the obvious way to make money on average.
You always win on the way down and you might even win on the way up.
This gives you better than 50/50 odds with HBD.
That's true and good points. For a stable coin I would hope it holds peg lol but we all know how that's been going lol
For me personally this makes sense because I already have 174k locked as HP.
HBD adds a much needed hedge, even if it's less than $700.
I would love to know the difference between HBD and Hive . Am kinda confused reading comments here. Am also new to Hive