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RE: No more HBD rewards paid? Understanding the Hive Debt Ratio and its effects

in LeoFinance • 3 years ago

Therefore, every day since 2020-10-31, the blockchain converts 0.05% of the HIVE stored in the @hive.fund balance to HBD

It means that hive that is converted into HBD will be burned? so the system will reduce the supply of hive ?

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3 years ago in LeoFinance by
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     3 years ago  

    Yes, HIVE are burned and new HBD are printed. Therefore, the HIVE supply is reduced.

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