
Renewal of the HBD Stabilizer Proposal
To keep a vital part of Hive's financial infrastructure running smoothly, here is the renewal of the HBD Stabilizer proposal for the next two months. This initiative continues to support the price stability of Hive Backed Dollars (HBD), which plays a key role in the overall economic health of our blockchain.
About the HBD Stabilizer
The HBD Stabilizer is a critical tool for reducing price volatility and strengthening the Hive network's financial resilience. It has proven effective over time in maintaining stability, as detailed in @smooth's earlier updates.
All funds sent to the stabilizer are used exclusively for trading according to its charter, with any resulting HBD or profits returned to the Decentralized Hive Fund (DHF).
- When HBD trades above the $1 target, the stabilizer sells HBD to bring the price down, often generating profit for the community.
- If HBD exceeds $1.05, it also converts HIVE into HBD, removing HIVE from circulation while creating additional HBD that can potentially be sold for profit.
By helping to stabilize the HBD peg, it supports the long-term robustness of Hive's economy. For more details on its goals and track record, check out @smooth's posts: [1] [2] [3]
Community Call to Action
I encourage every Hive community member to vote in favor of this renewal to keep the stabilizer active.
Your votes are essential to sustaining this important service and protecting our blockchain's financial stability. This renewal maintains the same terms as before: same funding level from the DHF, directed to the same beneficiary (@hbdstabilizer).
Thank you for your continued support!
Support This Proposal:
- Vote for the proposal (#388) on Peakd.com
- Vote for the proposal (#388) on Ecency
- Vote for the Proposal (#388) on Hive.blog / https://wallet.hive.blog/proposals
- Vote for the Proposal (#388) using HiveSigner
Thank you!
Supported.
Thank you @jacobtothe
!BBH
Great to see the HBD Stabilizer renewal. It's proven to be a solid mechanism for keeping the peg close to $1 while returning profits to the DHF. Voting in favor to keep this running for the community.
Thank you @rzazo24
Supported my friend.
!PIZZA
Thank you @gr33nm4ster
$PIZZA slices delivered:
@gr33nm4ster(1/15) tipped @arcange
Learn more at https://hive.pizza.
Thanks for the update, @arcange! It is a transparent mechanism that protects the financial health of the ecosystem.
You're welcome @solorzanot
I find the HBD Stabilizer's operation interesting, especially because HBD's stability around $1 is an important element of Hive's economics. At a time when HIVE's value is going through a difficult phase, I think it's even more interesting to understand how these economic mechanisms within the blockchain work and what role they can play in the long term. I'm writing this from my phone; as soon as I get to my computer, I'll read and vote on the proposal.