Are we sure that the HBD balance in the DHF does not count towards the haircut? I was monitoring the feed price and it's stuck at 0.248 which is the level at which the haircut would be in effect if the total HBD supply is used for the calculation. Maybe something was overlooked in the code.
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I think you may be right. I'll bring this to the attention of the developers.
https://hive.blog/hbd/@smooth/hbd-stabilzer-temporarily-disabled-due-to-possible-blockchain-bug