Let fly over a scenario inside of the Haircut:
Here are numbers, Hive = 27c$
100.000.000,00$ Hive MC
30.000.000,00$ HBD aka 30m HBD
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Now the HBD APY and general Inflation will be paid in HP and Hive from that point on, and the HBD APY in liquid Hive.
Here is a starting point and fixed parameters to keep the complexity in check:
- All the 30m HBD are locked in saving and create ~1.7% a month. The rest of the Inflation in Hive is ~0.58%/m.
- None sells off, we all Diamond Hand into the Network.
- Everyone wants to go as deep as possible into HBD and we stay at Haircut.
How I see it play out:
The HIVE Marketcap will increase due to;
HBD Savings by 30.000.000$*0,017= 510.000,00$ in Hive <=> 1.888.888 Hive
Hive Infaltion 100.000.000 * 0,058 = 580.000 Hive <=> 156.600$
So people can reinvest 30% of that into HBD, due to the Haircut and 70% will have to stay liquid. Now I believe that the HBD price will start to rise by a small % in waves, people will arbitrage and the Hive price started to rise to expand the MC and create additional space for more HBD - in good market conditions. If there's the bottom of a bear market outside and all coins start to swing downwards, we might see the Haircut getting very deep and additional sell pressure is generated.
What do you think?