You get the HBD in advance, so there is no risk from HBD dropping. Do the conversion if HBD>1.05 and sell the HBD you get immediately, locking in the profit above 1.05. The risk of the 3.5 days comes in from HIVE possibly dropping and losing more of your collateral), but that mostly hasn't happened (other than off the brief spike up to $1+ and back down).
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Hey just a small help, I'm trying to find the instant conversions operation for the HIVE sent to the hive.fund.
eg.https://hiveblocks.com/tx/3423456951a32335a2688723c7b753a203f9d0c8
Here there is a 3k HIVE sent to the hive.fund, but I cant find the conversions to HBD. I looked in hiveblocks for the hive.fund operation.
I don't think there is a virtual op for it, which is certainly not ideal since it becomes hard to track or audit the DHF account. There was some idea about adding one, but I don't know if that was done or if there is a schedule for doing it.
@howo do you recall this?
Ah right I had created an issue for it but it got deleted with the gitlab issue, re-created it:
https://gitlab.syncad.com/hive/hive/-/issues/172
it's still on my to-do list, but it's a pretty simple change, I'll tackle it soon:tm: to get it included in the next minor version.
What price is used for the conversion then?
It's the median feed price