RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin
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Excellent write-up. I have been following the HBD price closely since the hardfork. It seems to take it a bit of time (some hours) to go back to $0.99 or $1.00 when it fluctuates. I think the hbdstabilizer plays a big role in bringing it back. It does the job but it takes some hours. And fluctuations seem to happen all the time. So I think if we had a faster response with more liquidity, we'd be keeping the peg better.
Maybe there's a number of ways to achieve this, it need not necessarily be dependent upon attracting big players who create a lot of liquidity. More liquidity pools with HBD may help, for example.
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Certainly that would be viable. I would love to see HBD adopted by some LPs to get it in bigger circles.
We also need other use cases.
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