RE: FEI | The New Stablecoin For DeFi With Billions In Liquidity Finally Reaches The Peg
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It seems for this, if the top incentive gives us a price of 98¢ in the market maybe the hard fork contract should create Hive Dollars for $1.02 worth of Hive, in order to get the market to $1.00. The witnesses operate with out a feed for Hive Dollars. They only provide a feed for Hive as is priced in U.S. dollars. However, they wont need to with such a change. If Hive is trading for 50¢, then $1.02 worth of Hive would be calculated as 2.04 Hive and then that would be converted to 1 HBD, which today could be sold for much more than 2.04 Hive.
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Maybe some sort of Hive governance contract should be proposed that uses stable coins and other similar relationships as "reserve currency/balance coin/stablecoins" or some such similar to what @leprechaun is talking about. It would taker bigger brains than I to figure this out.
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