There might be some more details about how it works, but the general overview is here ... it recieve funds from the dhf on an hourly basis, checks what is the price of hbd on the internal market, makes buy or sell, and return the funds instantly ... next hour the same
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It can also convert which takes 3.5 days, so not immediate.
Thanks for the info guys! So HBDStabilizer buys or sells depending upon the price of HBD. Under what condition(s) will it use the convert feature?
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If the price is below a dollar and it has received HBD, rather than sending it right back, it will convert it into HIVE. Depending on what happens 3.5 days later when the conversion finishes, it might be used to buy HBD, or that HIVE might just get sent back to DHF (which automatically converts it back to HBD). In the latter case it ends up being the same amount of HBD as before the conversion. In the former case it will depend on market conditions but should usually end up with more.