unable to hold the peg
I want to add my 2c to this.
More on challenges facing HBD
In terms of Hive Backed Dollars (HBD)'s inability to hold the $1 peg, I don't see this as a huge problem going forward.
Literally 1 or 2 more exchange listings for HBD, featuring a USD trading pair, will fix this problem in an instant.
If there are opportunities to build bots that will collect free money from arbitrage, then someone is going to do it.
Even though BeeSwap's SWAP.HBD:SWAP.BUSD pool doesn't use the native tokens, it in theory will still help.
Getting HBD listed on external exchanges outside of our Hive bubble should be the absolute priority.
I fully share your view that HBD has the potential to send the Hive price into the stratosphere alone.
If Hive wasn't already a sleeping giant on its own, HBD certainly is!
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Certainly more exchanges would help a great deal.
It will help to create even more arbitrage opportunities. So it is another reason for more HBD to be created.
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