Thanks, would this alteration be accurate?
- Convert to HBD. A Hive holder can execute this contract to receive HBD immediately. They must post an excess of Hive as collateral, and after 84 hours the Hive is returned, minus the value of the HBD (based on feed price) and a 5% fee.
How much is the excess amount?
The required collateral is twice the HBD amount divided by the lowest hourly feed price in the past 3.5 days before the conversion. This amount of HIVE is immediately deducted. At the end of the 3.5 days, the conversion cost is the HBD amount divided by the median feed price over the past 3.5 days. The difference between the required collateral amount and the conversion cost is returned.
EDIT: 5% fee is added
The 5% fee is still built into the conversion cost or is that no longer a thing?
Ah yes, I forgot the 5% fee. That is added.