The interesting fact is that the 20% APR worked against us this time as most native HBD was held in savings for the APR and there was little one could do to arbitrage without enough liquidity.
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The interesting fact is that the 20% APR worked against us this time as most native HBD was held in savings for the APR and there was little one could do to arbitrage without enough liquidity.
Great point. Being able to sell from savings with some sort of delay might be a nice feature to prevent pumps.
Nah, I think savings are good as they are. Liquidity pools need to grow. The ones Leofinance created, the ones on Hive-Engine, and I heard talk about a potential HBD-HIVE LP natively (just talk so far). The HBD bonds Task would like implemented would also be tradable on the second layer with no locking, while HBD is locked.
A HBD-HIVE LP could work. Does the current native market charge fees on trades? If not, implementing a 0.25% transaction fee that goes towards HBD stabilizer or the DHF would be a no-brainer if you'd ask me.
Currently, there is no fee for using the internal market. And I'd keep it like that. If an LP is created, that's another deal, fees would incentivize liquidity providers to participate.
It worked against us totally.
Most of my friends had their HBDs in savings.
I was lucky to have some hive on order
I had some liquid HBD waiting for a better HIVE price, but the pump-and-dump scenario worked out fine too, on a personal level. I just wasn't paying attention early enough, or this could have been much better.
But I agree with Task, a stable-ish token that goes 3x overnight isn't good for businesses.
I don't feel it worked against me. I was not a part of the pump, but I was still able to get 20% over the long run.
If we want to take advantage of the moves, we must keep our HBD liquid, then we can't get the 20%
It's not working against us, its our choice.
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I wasn't talking at a personal level. That's a choice, of course. And I love the 20% APR! But for the stability of HBD in the very short term, that's been detrimental.
Well it worked against the individual traders since there was no way to liquidate.
However, it really wouldnt matter since most on here cant arbitrage on Upbit where most of the action is. We can go to the Internal Exchange but that is only a piece of the puzzle.
Can go cross exchange.
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That is true. Although even by keeping the rest of the markets well arbitraged makes Upbit stand out and those with access eventually will bring the price down.
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