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HBD Updates Post-HardFork 26 on Hive | Quick, Non-Technical Breakdown of the Changes

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In this clip from the Weekly LeoFinance AMA, we break down the changes on HBD that happened in the latest Hardfork - HF26 - on the Hive blockchain.

HBD stands for Hive-Backed Dollar and is an algo-stable coin on the Hive blockchain.

In the latest HF, a few changes were made to how HBD works in an aim to achieve more wide adoption for the stablecoin.

In this clip, we cover:

  • The HBD haircut: Ausbit’s website to track data

  • Debt ceiling change from 10% to 20%

  • Relationship of Hive’s MCap with HBD and conversions mechanic logic

  • Terra’s example of debt growing too large

  • Debt is good if managed correctly because HBD needs more liquidity to get adopted

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo

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Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/

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Hivestats: https://hivestats.io

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Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com

PolyCUB (Polygon): https://polycub.com

Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

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