I assume the %20 push is to get more Hive locked as HBD to get it back to peg? 20 is a pretty high rate, paying in a stablecoin, I don't see any other platform able to match this in CEFI or DEFI right now, could get people to flock in and drown out the premium
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Depends on how it would affect the Hive price.
bear market can kill the idea of 20%. I know up only forever.
But every HBD that's printed will become at some point Hive again.
Even the reason for that is only a liquidity issue on HBD.
Think about we hit 5$+ for a medium timeframe, print a shit ton of HBD in posts + 20% rate + conversations.
maybe increase peg to 30% in the same timeframe.
I mean I don't hold large amounts of Hive power, but everyone that is a whale can get fucked by inflation ( 3 months can be a pain).
IMO hive should wait what luna does in bear. Because if Luna breaks, we see why.
Did you see Kwon tweets? This guy buys with his own stable coin Billions of Bitcoin. I mean he doesn't do this because he likes his stablecoin or terra that much.
I don't know the negative side effect of that.. Depending on hive price