An important Hive tool is the HBD Stabilizer Fund.
"If HBD exceeds the target value, the stabilizer sells HBD to try to reduce the value, which also generates a profit for the stabilizer and the profit is returned to the DHF. If the value is more than $1.05, the stabilizer will also start to convert HIVE into HBD, which removes HIVE from circulation and also produces more HBD that can be sold potentially with a profit for the community."
Today I am sharing this to encourage everyone to Support Proposal 363
"The previous proposal has already expired. I urge every member of the Hive community to show their support by voting to renew the proposal."
https://peakd.com/me/proposals/363
This proposal is only at 19% support, we need your vote!
Hive is self funding, if users Support the proposals.
ARCANGE wrote a post about it thismorning, so I am writing to you.
https://peakd.com/dhf/@arcange/hbdstabilizer-202512
Please Support This Proposal!
Vote for the proposal (#363) on Peakd.com
https://wallet.hive.blog/proposals
https://ecency.com/proposals/363
[Use HiveSigner]
I upvoted the proposal. However, I want to point out that the high interest on HBD is putting a huge downward pressure on HIVE. HBD holders convert their HBD to HIVE when the price of HIVE is low. The conversion process has minted several million HIVE during this recent market dip. This creates a huge influx of HIVE when the market is weak. It also dilutes the value of our HIVE upvotes.
The stabilizer is fine. the stupid high interest on HBD is not.
!WINE