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 (#377) on Peakd.com
- Vote for the proposal (#377) on Ecency
- Vote for the Proposal (#377) on Hive.blog / https://wallet.hive.blog/proposals
- Vote for the Proposal (#377) using HiveSigner
Thank you!
It generates profit for the DHF, leaving no opportunity for any of the actual 'community' to capture in-efficient pricing. Assuming that the DHF has proven it's use of money leads to positive outcomes, giving it additional 'profit' doesn't necessarily benefit the community.
Not against the outcome of having stable HBD, just giving some push back on semantics.
Thanks for your opinion on semantics. It's always interesting to have a different point of view.
!PIZZA
it is good that you remind us to vote for these proposals because sometimes we overlook them and they are topics that benefit us all
Se debería debe dejar de emitir HBD. El experimento es un fracaso, o un fraude, depende de cómo quieran verlo.
Hacen lo mismo que los bancos centrales de Argentina o Venezuela: imprimen moneda sin respaldo que solo crea inflación y diluye el valor de la moneda.
Los únicos beneficiados son las ballenas que cambian sus Hive por HBD y luego lo ponen a ganar intereses que luego se convierten en más Hive que son sobrevenidos devaluando el valor del token, perjudicando a los que tienen sus Hive estacados.
O se disparan en el pie por error, o son parte de la gavilla extractora de parásitos que viven de esta Blockchain.
Nadie en su sano juicio pondrá nunca un centavo de su bolsillo para comprar un token que fluctua más que el peso argentino (HBD a 0.85 un día, a 0.75 otro, pero no vale 1 dólar).
Propongo que se elimine el HBD. Suficientemente dinero están sacando con el círculo de votación y los autovotos.
Que viva el Hbd
Listo mis amigos cura Ángel he votado porque Confío en ustedes😊😊😊
Muchas gracias por su apoyo @kevin1273, es muy apreciado. 👍