Can the Luna thing happen to HBD? Also, what is the best play for small stake users? HBD savings or the farm. I fully understand why bigger players should play but what about hive/leo grinders?
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The best place for your HBD to be right now is in the pHBD-USDC pool. It will earn over double what your HBD would be staked natively.
In terms of the same kind of attack affecting HBD in a similar way, I would say highly unlikely. Selling HIVE is hard because a lot of it is powered up. Selling LUNA is very easy.
HBD is backed by HIVE. HIVE is backed by the entire Hive ecosystem. There's also not enough HBD even available for purchase to crush the price in that manner.
Maybe I'm wrong?
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earning double what? Poly or if I would remove liquidity and have extra at that time?
I was wondering about future attack if/when hive/hbd were bigger. I'm not worried about know, we are the biggest secret on the planet. Nobody has ever heard of us except some gamers lol.
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Sorry, double the yield. HBD savings is 20% APR. pHBD-USDC is like 40% right now
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yea and the more people know about hive the higher the chance of it being attacked too, like luna. Though of course, the powering up of hive offers some assurance?
Very interesting response you gave here.
This is the very powerful side of Hive's HBD. Added to the fact that Hive is truly decentralized and we have out keys to our assets.
The very beauty of pHBD staking is that pHBD is backed 1:1 y the native HBD on Hive.
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I definitely think it's stronger than the fragile system that was in place for LUNA and UST.
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Very interesting discourse. As a small stake investor, earning a high profit on an asset with some high level of assured security is good.
pHBD is 1:1 backed by HBD on Hive which are on cold storage. With this, we're better off than what is happening to LUNA.
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