On the latest developers call, Blocktrades says he is going to put forth to the community to have the cap of HBD increased from 10% to 20%.
This is something @edicted wrote about in Hive dominance HBD buffer. It looks like he might get his wish.
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That would be awesome! I'm going to need a place to stash all my gains from #Splinterlands at some point. Making 20% on a stablecoin seems like a VERY good idea!
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It is not a 20% interest. This is referring to the shift on the cap where the chain stops printing HBD if the ratio of HBD to Hive is 10%. Since HBD is a debt instrument, it is a way to protect the stability of the economy.
Nevertheless, with the growth that took place here, Blocktrades, at least, feels that can be moved up to 20% before the shut down.
What you are referring to is in the hands of the witnesses. They can move it up to 20% at any time.
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Ahhh, my bad. I got all excited there for a second. lol Not that 10% is bad by any means. But 20% would be flat out sick (as the kids say)!!!
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Haha yea, maybe 20% is a bit of a stretch but I think some of the witnesses have already set it to 12% so we could see that soon if enough of them are on board. Maybe even 15%!
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I wouldnt be surprised if it went up over time.
Some prefer the slow approach but I can see it hitting 12% or 15%.
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12% to just HODL with virtually no risk. That would be so amazing. My biggest unknown has been what to do with my crypto when the bear market hits. This last time I just rode it out. Up, down, and now up again. I'd love to have a place to park a large percentage where it could be liquid yet still earn a decent return AND I would feel it is secure. I still don't trust any of the big stablecoins. I use them but I don't hold much there for any length of time. HBD could really be an amazing vehicle to weather the storm. It would also be available to take advantage of any crazy HIVE dips in the bear.
I'm really hoping they've got the peg for the most part figured out...
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Interesting
I do remember him saying that 10% was quite conservative and we would still be fine with a higher cap
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Yea I see some of those leverage platforms allow you to borrow like 25% or even 50% of your total asset value. So I would think 10% is more on the low side.
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Yup, I think some go even further than that. I believe Neal once showed one where you can get as much as 75%
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Yes well we dont want Hive to become so leveraged it tips over.
As mentioned above, I think the slow and steady rise is going to be the case. 12% might be in the cards in the next month or so.
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Oh that is quite nice. I think 20% is a good number and it's not like we are trying to fully collateralize our entire marketcap.
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