I believe this could be a downside in the long run. But if you look at LUNA/UST it pumped the price as more liquidity wanted to benefit from this stablecoin.

But I do agree that Hiveans could sell Hive to buy HBD in order to benefit from these yields. Also, in the event that HBD dePEGs strongly; we could see a lot of conversion of HBD into liquid HIVE therefore increasing supply.

I read somewhere that current HBD MktCap is close to 5% of HIVE Total Market cap, so at the moment, clearly not a systemic risk.

The +10% would come from CUB/Polycub or LEO rewards so HBD would still only print at 20%APR.

cc @chekohler.

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