Hey @dalz, we need a detailed post from you on how HBD stabilizer works and why it is beneficial for the Hive Ecosystem.
I still don't understand it fully even after reading so many blogs about it.
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https://github.com/iamsmooth/hbdstabilizer/blob/main/hbdstabilizer.txt
Sorry Smooth!
I had a hard time comprehending plain text on how it works. Code will definitely not going to help a dumb person like me. 😂🙈 Thanks for sharing it though! Cheers.
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Probably one of the writers on the platform with some technical background could interpret it and provide a clear explanation if anyone is interested.
There might be some more details about how it works, but the general overview is here ... it recieve funds from the dhf on an hourly basis, checks what is the price of hbd on the internal market, makes buy or sell, and return the funds instantly ... next hour the same
It can also convert which takes 3.5 days, so not immediate.
Thanks for the info guys! So HBDStabilizer buys or sells depending upon the price of HBD. Under what condition(s) will it use the convert feature?
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If the price is below a dollar and it has received HBD, rather than sending it right back, it will convert it into HIVE. Depending on what happens 3.5 days later when the conversion finishes, it might be used to buy HBD, or that HIVE might just get sent back to DHF (which automatically converts it back to HBD). In the latter case it ends up being the same amount of HBD as before the conversion. In the former case it will depend on market conditions but should usually end up with more.
What are you not understanding? This post seemed to sum it up entirely.
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Yea I was hoping for that :)
Haha. I am sorry guys, was checking it on my phone and it didn't load properly. I thought some details were missing and that's why couldn't understand properly.
After reading this 2 times, I get it now :') At least most of it.
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