Renewal of the HBD Stabilizer Proposal
To keep a vital part of Hive's financial infrastructure running smoothly, here is the renewal of the HBD Stabilizer proposal for the next two months. This initiative continues to support the price stability of Hive Backed Dollars (HBD), which plays a key role in the overall economic health of our blockchain.
About the HBD Stabilizer
The HBD Stabilizer is a critical tool for reducing price volatility and strengthening the Hive network's financial resilience. It has proven effective over time in maintaining stability, as detailed in @smooth's earlier updates.
All funds sent to the stabilizer are used exclusively for trading according to its charter, with any resulting HBD or profits returned to the Decentralized Hive Fund (DHF).
- When HBD trades above the $1 target, the stabilizer sells HBD to bring the price down, often generating profit for the community.
- If HBD exceeds $1.05, it also converts HIVE into HBD, removing HIVE from circulation while creating additional HBD that can potentially be sold for profit.
By helping to stabilize the HBD peg, it supports the long-term robustness of Hive's economy. For more details on its goals and track record, check out @smooth's posts: [1] [2] [3]
Community Call to Action
The current proposal will expire soon. I encourage every Hive community member to vote in favor of this renewal to keep the stabilizer active.
Your votes are essential to sustaining this important service and protecting our blockchain's financial stability. This renewal maintains the same terms as before: same funding level from the DHF, directed to the same beneficiary (@hbdstabilizer).
Thank you for your continued support!
Support This Proposal:
- Vote for the proposal (#367) on Peakd.com
- Vote for the proposal (#367) on Ecency
- Vote for the Proposal (#367) on Hive.blog / https://wallet.hive.blog/proposals
- Vote for the Proposal (#367) using HiveSigner
Thank you!
!BEER
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BEER.With the price of HIVE being so volatile right now, supporting this is a no-brainer ! It's a shame we can't burn a little of what gets moved around to help reduce inflation.
Thank you for your support @alonicus
There are other initiatives in place to burn HBD
Supporting!!
Thank you for your support @malos10
233k HBD a day is insane and total DHF is 23mil HBD is also a huge amount.
I believe HBD stabilizer got enough amount to run smoothly without any issue.
We can use this amount to support some useful projects like @actifit or @strava2hive to attract more people to Hive :)
And what if HBD Stabilizer shutdown and take away all the HBD in his account?
It's not an actual cost, it all gets returned. The only amount left in the account is staked HP that comes from @hbd.funder comment votes, which is continually powered down and returned at the maximum rate.
Your concerns are valid points.
The HBD Stabilizer receives a significant amount to allow it to maintain the stability of HBD.
Everything is returned to the DHF, sometimes with profits.
It's up to the community to decide if they want to support other projects.
The keys of the @hbdstabilizer account are held by multiple trusted users. If you don't trust them, up are free to not support the proposal
Hi, it's not only about trust but understanding how it works is more crucial in this case.
I don't know if HBD Stabilizer shared any report of the HBD flow since the project starts or not.
If it does, appreciate if you can share the report together with the proposal then the newbies like me can understand it better.
@dalz has posted reports
Easy support from me. Thanks for the good work, as always.
Thank you for your support @branbello