I am staying away from algo stablecoins, HBD included

Hi HODLers,

I just wanted to update you on my stance on Stablecoins following the LUNA/UST nightmare...

I wrote a few times my goal to have $10,000 $HBD by year end! This is still in my mind but with the current environment. I took the decision to sell those for USDC and to use them as collateral on a Lending Platform on Fantom.

It is not risky as it seems as I use the borrowed assets to farm. As long as I don't get liquidated, I am 100% fine and will generate a good yield.

I am kind of expecting other dips in the Stock/Crypto markets, therefore I might even win additional $ if the borrowed assets goes down.

I will share my farming strategy very soon!

Nevertheless, I decided to stay away from stablecoins summed up in the following tweet:

I think, whales are smelling blood and will test multiple stablecoins. HBD is too small to be a target but it could dePEG for a few days / weeks as it used to.

$DEI Stablecoin

This coin has been underpressure lately and has had a lot of trouble to defend its PEG.

Even if you did not hear of it, this is a large stablecoin. Currently $4.5bn and more than $7bn at its prime!

HBD Price Chart

HBD has been doing great and I expect it to continue to thrive! Even if the CryptoWorld does not know, we have one of the best asset to back it up $HIVE and its community!

I keep DCAing into projects I like and I will definitely move some capital back to HBD once the dust settles.

Stay safe out there,

Latest Analysis

• Where did the Luna Foundation Treasury go?

• How the hell did I miss this HIVE NFT campaign for Ukraine?

• Peakd and Leofinance are building easier ways to Buy and Connect to Web3!

• Game Over for UST and LUNA...

Posted Using LeoFinance ^Beta