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RE: DAO Deposits Stable Coin to HBD Savings, using Interest to buy & burn DEC daily

in Splinterlands10 months ago

There are BUSD and BHBD pools on cubdefi now. So there is a way to aquire the HBD but the DAO would have to do that in portions so the HBD price stays consistent. Liquidity is low on HBD but there is room for more. There is about 100k HBD that can be bought per day if you use all ways of swapping or trading. Possibly the buy can be done with daily purchases in the 10k 25k range. It would take about 2 weeks to aquire the needed HBD but we can put the first portion in savings immediately.