You are viewing a single comment's thread from:

RE: DAO Deposits Stable Coin to HBD Savings, using Interest to buy & burn DEC daily

HBD is consistently trading at its intended peg, which means that there is no need for additional liquidity to exit it. Anyone who wanted to exit HBD would have already done so. This situation is different from Splinterlands, where people bought DEC at 0.7 and could sell it at 0.95, as mentioned in the previous proposal. With this new proposal, the interest gained would be utilized to fund DEC buybacks.

Sort:  

Thanks for adding the clarification here :)