Thanks for this. Additionally, what are the mechanics or triggers to adjust liquid payouts being made in HBD to Hive? I can't remember and am seeing the HBD/HIVE ratio get decimated on this recent pump here.
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The HBD payouts switch to HIVE when the market cap ratio reaches 9% or 10%, I don't recall which. However, the increase in HIVE price reduces the ratio, now about 3%, so this isn't even close to happening, and HBD will continue to pay out.
HBD in @hive.fund doesn't count toward the ratio.