better for short/mid term marketing to get attention.
I think it is a nice action for marketing if it can be backed by another narrative that is very well known by crypto communities such as Bitcoin.
The uncertainty on UST by Terra is shaking the whole algorithmic stablecoin hodlers. Hive + partially BTC backed HBD may sound juicy if we add %20 APR rate as well.
Each HBD locks Hive -> Less Hive & More Demand increases the price -> more interest on Hive ecosystem + HBD investment by people (though it has a limit ^^).
We may give it a chance imho. However, as you mentioned, the long term returns are not likely to be as rewarding as it is today.
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yeah i responded to that tweet and concluded that backing HBD by BTC is essentially impossible in a decentralized manner. HBD/BTC liquidity pool would have be to an atomic-swap... and having that atomic-swap would be a ton of work and also be more valuable than the collateral itself.