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RE: pHBD is 1:1 Backed with HBD On the Hive Blockchain | Mechanics Deep Dive

in LeoFinance • 3 years ago

I think with the 50% of HBD savings on Hive, it's a no loss. In case of any hack on Polygon (that is of it can ever happen with the cold wallet in place), it will be possible for everyone investing in pHBD to at least recover the wrapped HBD with 10% savings interest at least.

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3 years ago in LeoFinance by
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     3 years ago  

    He was referring to the loss due to one pair going down against the other and having the pool sway to one or the other.

    As others mentioned with stablecoins, this wont happen unless the peg is broken.

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