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RE: What We Can Learn From The HBD Pump
25
@jerrythefarmer
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1 min read
It's more than clear that HBD needs more liquidity but at least we are working on the fundamentals first. HBD pumped, the mechanism worked as planned and the peg was reestablished fairly quickly.
On the other hand, more HBD in circulation means more risk to the downside where someone will try to pull a Luna on us... Seems to me stabilizing HBD will take much longer than people expect. It does suck for business but it is still the only decentralized stablecoin that works imo.
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