it is very interested how the HDB generation works, at the moment of reading I was going to ask if we could see a LUNA situation but seems very unlikely, going to bookmark this one to keep it handy, thx for sharing ✌️
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There are some obstacles in place to deter something similar like that. The haircut rule is one. The HBD stabilizer can be looked at as another. The conversion mechanism also is not immediate.
All of this is meant to push people away from pulling something similar.
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