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RE: HBD is keeping peg quite well! - Understanding the recent HBD price fluctuation

in LeoFinance3 years ago

It's holding ok but not well enough to be considered a true stablecoin yet. With these current flux's in prices both on Hive and HBD fronts it's actully opened itself up to some rather profitable short term trades which I've become active in exploring this time around. When Hive pops back up to $1.50 or more again switching back into HBD and making 12% again just seems stupid silly simple lol

I'm glad I kept liquidity on hand this time an important lesson I learned this year with hive.

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There are some interesting trade-off here with being a truly decentralized "stablecoin" on one hand and being harder to peg on the other. I think it looks better now than it did 1 year ago.