To make HBD more stable, it should also be added to Curve factory, Solidly etc. DEXes and projects like Polycub can incentivize that liquidity further.
A tomb fork pegged with HBD can also be created on Polygon to jump start a usecase with high APRs (yeah, a seigniorage for another algo stable, lol). So when HBD is in short supply for new usecases, the pegged coin from this tomb fork can help provide liquidity (provided the peg operates successfully).
The need of a decentralized algo-stablized stable coin is huge if it can maintain its peg successfully. HBD can fill the void of stablecoin market if sufficient liquidity, availability & cross-chain bridging for it is there.
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There are a lot of different options to pursue. The key is to get the first pool going and get some liquidity. Here is where we will see the first need come from.
It then can be enhanced by what you describe and then some. No reason it cant keep expanding from there.
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