I think this move to have 20% APR to HBD it is an amazing move.
I was looking UST from the beginning what I though that maybe we can do the same thing on HBD take in advantage that we are completely descentralized unlike the UST.
However, I think we have a problem that is the HBD liquidity and the fact we dont have HBD listed at least on Binance. This makes more difficult to attract a lot of investors since they will need to buy hive send to hive wallet and then swap it to HBD.
I think we need to get HBD listed at least on Binance to really catch more investors.
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Liquidity is the next problem we have to address. Hopefully the Polycub liquidity pool will go live soon so we can start to fill that. At least then we will have access via Polygon.
We are taking these things one step at a time. For now, those who are involved with Hive can start to generate more by pumping more into the HBD savings. That is the first step.
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That is nice.
I really think that HBD can attract many people as UST did on Terra.
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There is no doubt people will chase the yield. Again we need to get the liquidity flowing.
To pull this off, we are going to require a great deal of Hive converted. It is that simple.
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Do you know how we can get all the hive that we need to take this off?
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I am not sure what you are asking? What do you mean by "we get all the hive we need to take off?"
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The necessary Hive to get enough liquidity for HBD.
Meanwhile I understand the liquidity will be creating a par USDC-HBD on Polygon.
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Ah okay. Yeah there is a ton of Hive out there. I think there is more than 120 million on the exchanges alone. So that isnt a problem if people are willing to convert it. That is a 3.5 day process and carries some risk. Has to be done really by someone who understands Hive and knows what they are doing.
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