... be a HBD liquidity pool built on Polycub.
The link in that phrase should be corrected to this: https://leofinance.io/@khaleelkazi/utgqxlrk
It is true that our HBD is presently underrated. In the next few weeks, it'll turn out a very reliable and solid stablecoin in the most powerful blockchain.
My Question:
If HBD demand increases as envisaged when savings % is raised to 20 and pHBD rolls out, is it possible to see HBD rise to the highs of $1.5 t $2 or more? What are the implications if that happens?
HBD may rise briefly but since you can convert $1.05 worth of HIVE into HBD, it is more likely that high demand for HBD translates into a lot of HIVE being destroyed to create more HBD. This likely drives HIVE much higher while HBD only experiences a short bump moderately above $1. The last time there was a surge in demand for HBD it peaked briefly at about $1.20 and quickly returned to $1 while millions of HIVE were destroyed and the price of HIVE went way up.
The stabilizer budget is much higher now than during that least surge as well, so it is possible HBD will remain even more stable (while still resulting in a lot of HIVE being bought and destroyed). That would be a good thing for the long term utility of HBD, since it aims to provide stability.
The HBD Stabilizer might have been the one innovation that completely changed the path of Hive. Congratulations on that.
Posted Using LeoFinance Beta
I would think it likely. If we get a big pool of pLEO, this means there are arbitrage opportunities with other exchanges along with the internal one. We also have the HBD Stabilizer operating, putting downward pressure on HBD if it exceeds the $1 peg.
We dont want a stablecoin to be at $2.
Posted Using LeoFinance Beta
https://peakd.com/hbd/@smooth/request-for-comments-hbd-stabilization-dhf-proposal
Posted Using LeoFinance Beta
The HBD stabilizer will use the excess hbd to buy hive which will In turn put upward pressure on the price of hive.
You can read more about it here
https://peakd.com/hbd/@smooth/request-for-comments-hbd-stabilization-dhf-proposal
Posted Using LeoFinance Beta
I just hope this happens. I expect to see Hive in the high side of $5 and $10 in the coming months.
Posted Using LeoFinance Beta