RE: Best algorithmic stablecoin in 2022

Whereas I very much like HBD as a stablecoin, and the 20% APY definitely is very attractive, I end up bumping my head against a couple of fundamental questions:

Number one, is it even capable of scaling adequately? I'm not talking about the general lack of liquidity, but what are the numbers behind making HBD a $5 billion market cap? We talk about the desire to have "significant investors" discover the merits of HBD, but these are the kinds of people who move around $50 million with the click of a button...

Number two, HBD is definitely "holding the peg," in a manner of speaking, but trading between $0.96 and $1.04 is probably "scary" to those who expect a stablecoin to stay between $0.995 and $1.005, and freak out when it doesn't.

Seems likely to me that the future of HBD might more likely look like a really excellent small cap stablecoin for smaller investors and Hive users, but not so much on a greater scale.

But hey, I'm no expert!

=^..^=

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