HBD needs some form of upward price peg, and this is a well thought out solution. And I trust who it's coming from. I'll vote for it.
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HBD needs some form of upward price peg, and this is a well thought out solution. And I trust who it's coming from. I'll vote for it.
loan would work.
Price over 1$ user can lock up hive (500% to 1000%) to create HDB. Sell it on market and bring it back to 1$.
Under 1$ user can pay back the loan.
What if the user doesn't pay back the loan? 500% - 1000% of the loan hive worth is locked forever.
Would also work for a pool version user can earn some Interest with the liquid hive.
and I think many smarter things would be possible with this.
What you're arguing for may be better, it is hard to say. But what is for certain is it's much more work.
@blocktrades I agree 100%, more work.
But imagine you have 1 social media wallet in the future ( Hive). You collect there your tokens. At some point, you need the money and don't want to sell your valuable Tokens, because you love the chain, and like social media is, it's a part of your life.
So what you can do? A loan you can lock up 10x more worth Hive from to HDB. You don't pay the loan back? Doesn't matter because the hive is in this case gone.
With larger pools, people can together invest to make the "Hive stable coin"real stable and can also earn some % with their liquid Hive.
Print sell, Burn buy.
appreciate the productive ideas