Very interesting stuff.
The HBD peg is looking good of late. We are now sitting between .95-1.00. That is a decent range. So we made progress in this area. As you mentioned, we need to see if it holds. Time is going to tell if it can prove itself.
If we can pull off theHBD peg, then we might have one of the most amazing stablecoins in crypto. It is going to awesome if we can pull this off.
We will see in 90-120 days.
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Thanks task!
It seems that the stabilization is working nice for now, especialy with the two ways conversions possible for hive-hbd.
The dao acts as a peg incetivizer in this direction as well. The one thing that is missing is liquidity for HBD. In time the liquidity should grow and making it more usable.
Just to note here that HBD is a special stablecoin, it is not collateralized with crypto (DAI), or with fiat (USDT, USDC... ), neither it is a algorithmic stablecoin. The closest to it is the FEI stablecoin, that is a few months old project, and it uses a DAO to incetivize trading around the peg on a DEX (Uniswap).
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I think it also pretty close to Haven coin too.
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