True,
But all the fixes of the peg look amateur to me. HDB doesn't work since day one. Why we try to fix a broken system this way? It's ok for leeching some funds and burn some Hive, but does it really make sense long term?
If they really want it stable. Open the fund/transfer from DAO + stabilization for every user. Then we become funds 100x higher than the current proposal because Hive users can make a return out of it.
Would long-term stable HDB and IMO less amateur :)
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I personally think removing haircut would fix it. But I am no economist, so don't know. But @smooth and @blocktrades have great ideas I think that can actually fix it. I just don't want it to be at the cost of author rewards.