@taskmaster4450 @theycallmedan What Dan said about the main way we can increase the HBD supply being through Hive to HBD conversions makes sense. It already has a fee built-in - a 5% burn rate. So if the HBD interest rate goes up to 20% or more, people who want to get HBD would have to pay a solid 5% fee to convert their Hive to HBD. This is already existing. What Dan suggested also is that this fee, instead of burning it, it could be put in a place where it additionally backs the HBD. This sounds interesting since, if I am getting it right, it would be outside of circulation (effectively burned) yet it would still act as a backing for all the printed HBD in case we run into trouble with having too much HBD in existence and Hive's price hasn't shot up.

Would be great to discuss this option more.

Otherwise, I'm very much in favor of gradually bumping up the HBD savings interest rate. Go to 15%, 18%, 21%, and keep going up and monitoring things along the way. Adjust as necessary and stop when we have the desired effect (billions of HBD printed and Hive's price way up). And all the fees from the Hive to HBD conversions could act as an additional safety net.