Bundling HBD into bonds would be yet another layer of protection against a death spiral like the one UST experienced. The collateral could not be converted while being locked up.
Posted Using LeoFinance Beta
Bundling HBD into bonds would be yet another layer of protection against a death spiral like the one UST experienced. The collateral could not be converted while being locked up.
Posted Using LeoFinance Beta
No doubt.
No reason to convert HBD at that point since it is in a form that actually has more value.
Posted Using LeoFinance Beta