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RE: Upvote this post to fund @hbdstabilizer

in #hbd3 years ago (edited)

Wait but there can be one step added.

  1. Invest Hive in pool
  2. Hive convert to HDB
  3. Pool buys Hive from Market if price over 1$
  4. Return of that goes back to investors

Would be stabilizing HBD also on heavy short-term swings.

That's the idea. Sorry, sometimes i write it in a weird way :D

Because would-be ridicules high, if HBD is for example 1,5$, many people would start to fund it. Its like a defi farm :) Returns become lower as more funds added and bring HBD to a super stable niveau.

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Yeah that would probably work.

Next time I try to tell something I will use numbers first :) I think its easier to understand with a step to step and less wall of text in bad English :D

Your English is "interesting" but not really bad. But it is okay, that goes with the territory of a global community, and not all good ideas come from native English speakers by any means.

hehe, thanks :P

There is one issue that it is hard for a fully autonomous blockchain agent to actually know when it is selling HBD for more than $1 (since it can't trade directly against centralized dollars and it can't get a true real time price feed). So in a fast moving market when the price feed is inaccurate, it would be selling for under $1 by mistake and losing money instead of making money. Of course investors could accept that risk when funding, and it probably wouldn't happen all that often.

can we use the in-house exchange price for that? Or something like:

Never sell under Conversion rate HDB into Hive with the 3,5 days average?

For example Hive is 0,50$.

2 Hive 1HDB conversion and this is the stop level. So Hive would be never bought from the market under these levels.

Only if we become 2.05 Hive as a minimum for example.

We can't really use the in-house exchange price. It is priced against HIVE so we need to know the HIVE price to know if we are selling HBD for more or less than 1 USD. We sort of know the HIVE price but not really in real time.