I believe that HBD could cause HIVE to pull a Terra LUNA and head for $100, if it's promoted and deployed correctly.
I'll be very interested to learn how this will be. Marky rather told me that keeping the HBD solid may cut Hive to a balance around $0.5.
I am personally ready to add liquidity in the pHBD-USDC pool. I hope everything turns out more beautiful as planned.
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In the short term, it might have the impact of sending the price of HIVE down. However, long term, since HIVE will be converted, the float will be tightened.
Time will tell how all this unfolds. However, we did see it with LUNA. Why wouldnt HIVE follow if we have a similar degree of success.
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Did you share thoughts on the LUNA project? Seemed to have missed all of that.
With the low liquidity available in HBD market, don't you see the possibility of HBD crushing well over $1 at the early stage of this conversion?
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No I never did anything in particular about LUNA but the record is out there. Hard to miss what they did.
No. The HBD stabilizer plus arbitrage opportunities are out there to keep it in line. Getting the Polycub LP going will really help. Another area that people can use to arbitrate, especially if there is liquidity.
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