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RE: pHBD is 1:1 Backed with HBD On the Hive Blockchain | Mechanics Deep Dive

in LeoFinance • 3 years ago

That is one of the key things about HBD. It is not a supposition of what it is backed by. Anyone with some basic math skills can determine if there is truly $1 worth of HIVE backing each HBD.

Simply look at the market caps and divide.

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3 years ago in LeoFinance by
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     3 years ago  

    HBD is one of the most transparent stablecoins out there.

    It's only fair that we bring this transparency right into pHBD by making it also one of the most transparent wrapped stablecoins out there

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     3 years ago  

    I agree. Both will leverage each other.

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