RE: Data On HBDStabilizer | HBD Received And Sent To The Hive.Fund
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Very nice report! While I've been able to estimate the value from these proposals by looking at the hourly transfers of HBD from hdbstabilizer to hive.funds on hiveblocks.com, it is helpful to see all the data summarized in one place.
The beneficial results of the proposals were predictable, but still quite impressive! In a short period of time, it seems they will result in profits in the range of DHF's entire expenses for last year.
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Thanks!
I'm wondering will we be able to suport hbd on the down side as well, when the time comes.
If we are able to figure that out, we could very well have a nice income for the development fund and buying pressure for hive. Hive is looking bullish😃, not only because of the global bullrun of crypto, we are turning into a very different ecosystem.
I think conversion mechanism mostly does this already, except in case where we approach haircut limit.
It seems there is some time left on the present proposals, so it is presumed that this will continue, at least up until the next Hard Fork?
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I plan to submit renewal proposals, especially for the first one which was only originally scheduled for 90 days (about 30 left) when it was initially very experimental.
Even after the hard fork there is likely a role to play, because the hard fork only attempts to peg the upper value at 1.05. Between 1.00 and 1.05 the stabilizer can still help, and still earn a profit for DHF. Of course, under those conditions, the rate of profit will be lower, but if there is available budget after other important projects are funded (as has historically been the case, even with a much lower budget), why not?