After taking a look at Terra (LUNA) for our @crypto-guides project, I'm extremely bullish on their entire ecosystem.
Decentralised, algorithmic stablecoins are going to be the future and UST is by far the best of the bunch.
I am interested in how you see Hive's own HBD comparing to UST and how it may fit into the overall landscape.
What are your thoughts?
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HBD, 10% on the native chain is one strong use by it tself. HBD is much more imporved since the last HF. It can be a bit more impoved with shortening the conversion time, conversion fees, and increasing the debt ratio.
In time if the peg holds, more use will be found in the hive ecosystem.
One thing that is needed the most is secure and liquid bridges to eth and all its copy chains, so its use can grow outside the Hive ecosystem and use in defi apps ... that would be amazing :)
The extent that could potentially burn HIVE blows the mind. :D
Inflation is our killer app, but much lamented because it hasn't had as many great uses as would've been possible. What you suggest offers much potential to put that HIVE inflation to good use.
Its a million dollar question .... a balance between community building (free money) that we now have, and investor friendly, nice apr without hard lockups... airdrops from time to time ... something in that direction .... and offcourse a great product