Look on the actions HBD

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HBD,

Hive could profit a lot from it. But we have a 5% fee in place for converting Hive -->HBD that makes it difficult to use for larger amounts. It is way too much in the world of money. I don't know a HF would be needed for it to change, but 0.1% to 0.3% are enough.

Simply because we want people to Burn Hive and generate stable coins. Special on the low price levels. As more we can burn today, the better it is for long term.

Today we need 3,4 Hive for 1 HBD. 250k HBD would burn close to a million Hive.

We need big boys that use our stable coin for stuff outside of hive. Defi, payments, hedge, savings. This use case alone could triple the price of Hive.

HBD pays 10% APR. That's really competitive.

IMO we need an onchain DEFI pool for Hive/HBD with 10% APR + a little fee for trades that the investors in the pool earn for trades.

This would add a lot of liquidity and makes it sexy for larger boys to step in

Whales tell you the fee is fine.

Look at the actions. I don't see any whale or big investor moving funds into the Hive ecosystem to stake HBD.

I'm sure a lot will hold tether. But why if we have HBD, that pays APR onchain.

I tell you because it doesn't work to move hundreds of thousands into Hive into HBD and at some point out.

Tether has more liquidity and is in an unlimited matter there. The tokens are air? Maybe but this is not the point.

Tether can work on demand. If I need today 1000$ stablecoin, I could buy any.

If I want today 1.000.000$ stablecoin, it works for most, but HBD would be out at this place. It would work if i could buy in these case hive to convert it. But 5% fee? sorry, any other stable coin works better and has higher acceptance.

Here is an explainer:

IMO if it would work on today's state, people would use it on larger scale because 10% are amazing and Hive should be save compared to other stablecoins we know close to nothing about.



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13 comments
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I think it will take a while before HBD becomes viable due to the liquidity. Also we aren't really as close to the pegs as current stable coins but I do think it has a decent future. I just don't think people will buy HIVE and convert it into HBD (5% fee) to put into the savings but I do think they might buy HBD directly off the market then put it into the savings.

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do you know we only have a total supply of : 10,750,892 HBD

Minus the DAO fund 4,459,713 HBD

So only around 6M HBD are available in total.

It needs converting. For example, tether has 81 000 000 000 USDT as supply.

Without the fee the demand would be huge. And if not today, after marketing for sure.

Today and with fee HBD is a useless stablecoin.

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Well people can still sell HBD directly on the market without the fee. The conversion feature is more for people who want to change it at the rate of exactly $1.

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try to buy for 50k$ HBD. you will see it takes hours,

what do you think happens with 500k? days?

On Tether you don't need to wait, there is tokens on demand. So why we have HBD if it doesn't work like a stablecoin?

Think about you sell 20 BTC and you want HBD for it... would be 20% of the MC.

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Yes I understand that the market is not big enough for big investors. There just isn't enough liquidity on the market and placing a tax on conversion isn't exactly the best.

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Hive is in general investor unfriendly :) HBD could be an option for investors that don't want to lock in 3 months. A pool would be also investors can stake in and the community would also benefit out of it .)

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Does HBD to Hive also require fees, I think it was not there earlier (or they have hidden it so I am not aware.)

Post rewards can generate HBD too.
Since HBD is less than $1 still, I assume, it has not got any demand.

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It is only a problem for high volume. We talk about 500.000$ +.

But IMO it need to be solved to scale :) There is no hidden fee. It is to generate HBD on demand.

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