The problem is that most people here don't really understand how the system works. HBD is a problem that will have to be dealt with. Cutting the interest to 15 was something, but it needs to be much, much lower...
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This is one measure, the other is the size of HBD now is over half the market cap and whether Hive can financially support the peg too? I don't think it can...
This problem is mostly because Hive goes through a 3-year bear market and 1-year bull market, at most. Maybe even more skewed toward bear market. And during that time, a higher amount of HIVE is needed to keep HBD at peg.
Hive is an old token now, we didn't have any meaningful cycle this time so far..