How Low Can HBD Drop? | A look at historical data and overview of the current conditions

Unlike most of the other algo stablecoins HBD is set to deppeg by design. It is the famous Haircut rule.
This is a major pro and con at the same time. It makes sure that ...

RE: How Low Can HBD Drop? | A look at historical data and overview of the current conditions

Thanks for this. The blockchain price vs market price chart is a good way to demonstrate the effectiveness of the peg mechanisms that we have. It shows that while HBD does not maintain a perfect peg, the peg mechanisms we have absolutely do work, especially after the June 2021 hard fork.

RE: How Low Can HBD Drop? | A look at historical data and overview of the current conditions

the peg can be maintained as long as the price of HIVE stays above $0.2

That's a useful benchmark to know.

What happens to Hive's internal market. Does it still operate as though HBD is a dollar when Hive is below 20 cents?

RE: How Low Can HBD Drop? | A look at historical data and overview of the current conditions

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

...

RE: How Low Can HBD Drop? | A look at historical data and overview of the current conditions

https://twitter.com/KillerO7/status/1527616034773114880
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

RE: How Low Can HBD Drop? | A look at historical data and overview of the current conditions

thanks for such a detailed and clear overview of HBD.

Despite the big push on HBD, its still declining. but is there an overall declining trend on hive this year too?