It doesn't cost much to maintain the peg. In fact, it generates gains for the fund. If you think about it, when the price of HBD is low, the fund buys more to raise the price. When the price of HBD is high, the fund sells to lower the price. It is always buying low and selling high. The act of maintaining the peg is profitable with ordinary market fluctuations. Prolonged dips or rises could be a problem. But savvy Hivers will also jump in to profit, which assists the fund.
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I get it but just by seeing the reputation of that account and knowing how the rep algo works, it´s obvious that millions (probably even dozens of millions) of Hive have been taken from the reward pool to fund the peg. I´m not saying this is wrong but I can imagine that amount of Hive could have been used in some other, potentially more efficient ways. For example to fund some marketing or onboarding efforts...