I think pHBD and bHBD are doing great jobs. It gives people the opportunity to do some arbitrage and it helps to maintain price. With all of these features, the peg is more likely to hold. However, it still comes down to having enough liquidity in these pools to help.
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There are arbitrage opportunities which is vital to price stability.
Unfortunately, they need a lot more liquidity and more traders to be effective.
All in due time I am sure.
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