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RE: Hive Backed Dollar: Secondary Innovations

in LeoFinance2 years ago

Very well, @taskmaster4450 you've got a nice idea. The point of using the hbd fee instead of RC will even reduce the stuffs to learn per time instead of the usual choking learnings. 🤣

We also have the increase in the haircut limit taking place in the next hard fork.

Can you elucidate on this, pls?

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The haircut is the level of HBD mc as a percentage of the marketcap of Hive. If that reaches 10%, HBD ceases to be created until the ratio gets back in alignment.

This is being moved to 30% I believe in the next fork.

Posted Using LeoFinance Beta

Oh, I see that now..its a way of keeping things in check!