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RE: HBD stabilizer evolution May 2023

in #hbdlast year (edited)

Some days it won't make a difference because the stabilizer, even with the previous, larger, proposal does nothing and just sends most or all of the funding back.

Other days, when there is more imbalance, it may deviate more from the peg. If it looks like more funding is needed that would be all the more reason for someone else to make another proposal, though I think this is a good idea for robustness in any case.

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Totally agree. It was non-trivial to explain why we rely on a single entity to keep our stable coin actually stable. I would happily support a proposal to develop an open-source bot based on your algorithm shared on github.

Agree.

FWIW, I think ChatGPT can come close to working code given the algorithm pseudocode. It doesn't quite get APIs right, but that can probably be fixed with prompts.