RE: Is the 20 % interest rate on HBD holding Hive price down?

I don't know shit about the algorithm that is behind the stabilisation of HBD, but according to @geneeverett, every time that HBD has gone below the one dollar peg, Hive is dumped into the market to push it back up. If that is really how the mechanism works, then that is indeed a reason for Hive to lose value.

Yet more people converted HBD --> $HIVE over the last month. In fact, it was a net of 700,000 HBD that disappeared.

If people were pessimistic about $HIVE, they would have been going the other way. Seems like more people want this rather than HBD.

In the last month the supply of HBD (excluding the DHF), decreased for around -0.7M. As mentioned, it was most because of the conversions to HIVE. With this amount of HBD and the HIVE price the debt is now at 3.2%.

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