Well obviously it will be a chalenge to manage the funds but in short it goes like this.
Someone makes a proposal for say 1M HBD, it is paid from the DHF in a longer period, say 6 months to a year,it is sold gradualy overtime and buy other crypto on exchanges.... say stablecoins ... then if the hive price drops a lot at some point, and hbd deppegs, the funds are used to buy hbd, on the internal exchange or wherever there is liquidty at the time.... this means someone will needed to be trusted to manage the funds, or at least a multisg .... but that is basicly the support from the dhf
Well obviously it will be a chalenge to manage the funds but in short it goes like this.
Someone makes a proposal for say 1M HBD, it is paid from the DHF in a longer period, say 6 months to a year,it is sold gradualy overtime and buy other crypto on exchanges.... say stablecoins ... then if the hive price drops a lot at some point, and hbd deppegs, the funds are used to buy hbd, on the internal exchange or wherever there is liquidty at the time.... this means someone will needed to be trusted to manage the funds, or at least a multisg .... but that is basicly the support from the dhf
okay makes sense! I think this could be a good idea, but don't we already have the HBD stabilizer with $150k a day?
hand over they Keys, you can trust me :D
Yes we have the stabilzer and it has a lot of funds, but all in HIVE/HBD
If the HIVE price drops a lot, hbd will lose the peg
This will be aditional external support :)