Hey mate, the longer this proposal is on the table, the more I worry about this point. To ensure liquidity is available to enable the swap, it would take many days or weeks to obtain the HBD throughout the enactment of this.
It is problematic, and I may end up voting against(!) my own proposal if this proceeds to a full proposal.
I'm certain that there is enough long term liquidity of HBD, but it certainly won't be available all in one hit.
I'm was on the fence but I'm going to vote for it after reading that bit. You've earned my trust. ;-) Even if you did say "get DEC to peg"
I don't think liquidity plays any role here.
When you use the conversion tool from HIVE to HBD you create those HBD burning those HIVE (and viceversa in the other way), adding/removing tokens to/from circulation.
It's all about inflation and balance between marketcaps of the two system currencies this blockchain has.
Also this,
https://peakd.com/hive-13323/@dalz/rxdxls
And this,
https://peakd.com/hive-167922/@dalz/hive-inflation-for-may-2023-the-hive-supply-reaches-400m
Correct, but that would require Stable Coin -> HIVE -> HBD - which is fine by me, but some stakeholders may not understand these mechanisms and elect to vote not in favour of the proposal.
This is why I listed this as a risk.
We can reduce the HBD supply to be add in savings to start with. For example start with 50K HBD (instead of 250K) and in future add more if suitable.
Yeah, it doesn't need to go in all at once. The key to this proposal is long term sustainability and trying to get the DAO an "income" from interest once DEC hits peg.