Posts

avatar of @forexbrokr
25
@forexbrokr
·
·
0 views
·
1 min read

Hive Backed Dollars (HBD) - Underrated

Hive Backed Dollars are honestly the most underrated part of the Hive ecosystem.

Dalz' look at the total stablecoin market cap today was a real eye-opener for me.

Seeing just how big the stablecoin market is, and just how insignificant we are, is sad.

Hive Backed Dollars are one of the best, untouchable algorithmic stablecoins in existence and we NEED to be doing more to promote this fact.

I have to get my head around the tokenomics of the haircut level, but if we can sustainably somehow offer 20% interest on HBD in savings, then it is a no-brainer.

We would then match Anchor Protocol's interest rate on staked UST and immediately put Hive Backed Dollars in the news.

Is there any discussion about this on-chain from our witnesses?

I'd love to read some proposals and hopefully throw my support behind those taking action on bettering HBD.

Posted Using LeoFinance Beta