Two months ago, in response to the impending expiration of the HBD proposal, I took the initiative to oversee the management of the HBD Stabilizer proposal. This proactive step ensured the unbroken operation of that critical component in maintaining Hive's financial stability.
At the request of @smooth, who is currently busy with other commitments, I will renew the proposal for an additional two months.
Having multiple community members involved in managing the HBD Stabilizer proposals provides resilience and ensures the system does not rely solely on one individual. This shared responsibility within our community not only strengthens the network's infrastructure but also underscores our collective commitment to maintaining Hive's robust financial ecosystem.
The HBD Stabilizer
The HBD Stabilizer is an important tool to maintain the Hive Backed Dollars (HBD) price stability. It serves as a significant mechanism in ensuring the stability of our blockchain economy.
[1] [2] [3]).By mitigating the HBD price volatility, it has contributed to the financial health and robustness of the Hive network. You can read the details provided in @smooth's post for more insights into the project's objectives and achievements (
Community Call to Action
The existing proposal (#328) is set to expire in one week.
I am once again reaching out to ask all members of the Hive community to support this proposal at their earliest convenience.
Your support and participation are crucial in maintaining the financial stability of our blockchain. Every vote counts in ensuring this service continues to operate effectively.
This proposal is planned to run for the next 2 months and will mirror the current terms, requesting the same amount of funding and directing the funds from the Decentralized Hive Fund (DHF) to the same beneficiary (@hbdstabilizer).
Support This Proposal:
- Vote for the proposal (#334) on Peakd.com
- Vote for the proposal (#334) on Ecency
- Vote for the Proposal (#334) on Hive.blog / https://wallet.hive.blog/proposals
- Vote for the Proposal (#334) using HiveSigner
Thank you!
100% beneficiary to @hbdstabilizer
Done ! I like this proposal because I know the "Daily Pay" figure is really just liquidity the stabiliser can shuffle back and forth, it's not like someone is actually pulling 12K a day from Hive's market cap 😀
Correct. All of the budget sent to the stabilizer is used for trading per its charter and then sent back, potentially with a profit.
voted!
12000 HBD per day is a bold request.
Have there ever been calculations if this was in the past needed at all? Were there some events that reached this edge?
If not, why not reduce it? Why is e.g. not 6000 per day enough?
I have checked it. All payments from the DHF to the HBD stabilizer go back to the DHF. Plus profit.
According to this comment, this proposal would not even be necessary if more users with their own coins worked the way the HBD stabilizer does. And they would even make a profit.
I would like it better if the Hive users would secure a stable HBD on their own initiative. But as long as this does not happen, I will support the central protection by the HBD stabilizer.
last post
voted!
!BEER
View or trade
BEER.BEERHey @arcange, here is a little bit of from @pixresteemer for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Its a nice project, but am just curious though what will happend if HBD exceed the normal stable value
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 which can be sold at a profit (as above).
Anyone with a Hive wallet and their own coins can also do this, taking advantage of the imbalance to potentially generate a trading profit, but the stabilizer does it using DHF funds, all of which are then returned.
Sometimes the HBD price is in the range of $1.10 - $1.20 for a long time. What is the reason for this? Is the HBD stabilizer not doing its job at that moment or are the witnesses entering the hive price with a delay?
Just too much demand imbalance in the market. The stabilizer pushes the price down, but with a finite budget, if there continues to be people willing to overpay, it takes time for the pushes to be effective.
I guess everything is to keep balance in hive for better growth, now i see the need for such technology
You will find an answer to your question in [this post[(/@smooth/request-for-comments-hbd-stabilization-dhf-proposal)
Ok thanks a bunch will go through it
You will always have my support on all proposals.
!BBH
Done!
Sounds good to me, I'll try to remember to support when on my laptop tomorrow PM
Finally got around to voting for this @arcange - good luck with it.
This is nice. I just voted the proposal.
Quick question, wouldn't it be a good thing if HBD exceeds $1?
Also, i was curious enough to check the votes, and i saw something that made me confused.
Please, what is the meaning of the phrase "use proxy," in the bracket?
Thank you for supporting the proposal!
Regarding your question about HBD exceeding $1, it's important to understand that HBD is designed to be a stablecoin, meaning its primary goal is to maintain a stable value of approximately $1 USD. If HBD were to consistently exceed $1, it could indicate instability or inefficiencies in the market. The stability mechanism ensures that HBD can be used reliably as a unit of account and store of value within the Hive ecosystem, which is crucial for users and developers who rely on predictable pricing.
Regarding the "use proxy", it refers to a feature on Hive where users can delegate their governance to another account, known as a proxy. When someone sets up a proxy, they are essentially allowing that account to vote on their behalf.
Done! Good to see this around here and still going strong!
This is much needed for HBD to stay in peg value of USD. You have my support 💪
Done!
;)
Voted for the proposal.
Thank you very much for the work you do.
You have my support.
May Positive pepEntropy be with you.
!LUV
!LOLZ
!CENT
(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@arcange, @fjworld
lolztoken.com
Because they use Honeycombs.
Credit: mimismartypants
$LOLZ on behalf of fjworld
(3/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP@arcange, I sent you an
!PIZZA
You got my support @arcange
Interesting proposal, anything that gives stability to the blockchain has my support.
Supported this proposal!
You have my vote on your proposal.
Most welcome my friend.
always stable. BTW, I already support the proposal
It's great what you are doing but we must deal with bad downvotes on Hive
The downvote button was removed on beblurt.com so your income cannot be removed.
I do use blurt but it's such a shame to see what is going down on Hive take a look at who is downvoting me 😂😂😂😂😂
If you ever want to speak to me in private send me a message on Instagram @kgakakillerg 🙏🏾
We don't use web2 social media much anymore (like instagrm, discord, etc), but some of us (and all of the Blurt whales) can be reached in Blurt's matrix chatroom:
https://matrix.to/#/#blurt:matrix.org
Ok I'm good thanks I don't go on no chatrooms
I post for fun I'm not to bothered about the downvotes I just want people to know the truth
This is an amazing project that will bring balance and stability in the hive community. Thank you for the effort invested.
Vote and Supported!
sure thing 🦾
Wait, why is it only 60 days? Wouldn't something like a year make more sense?
Interesante
Done!
Done. With @mightyrocklee too.
$PIZZA slices delivered:
(4/10) @danzocal tipped @arcange
This is a great example of community collaboration in action!Thanks to @arcange for taking the lead on this important proposal,and to everyone who supports it.Maintaining Hive's financial health is a shared responsibility,and your vote makes a difference.
vey much welcome
Voted for proposal 👍
!luv
(1/1) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@arcange, @cesarsj5
Voting on the proposal https://peakd.com/me/proposals/331 is not active yet, let me know when the button turns green :)
!BEER