I don't understand how the 20% is earned. Is it newly created HIVE or does it come from fees? I also don't understand how the peg at 1$ is maintained. To me it sounds unbelievable that a system that pays out 20% APR and holds an a peg at 1$ by algorithm can be safe and ungameble. I feel we put the DAO assets at risk and 50% is too much. Can anybody untie the knot in my belly with a good explanation ? :)
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Here is the full explanation: https://hive.ausbit.dev/hbd