It is indeed a bug, discovered and fixed a while ago (see issue 140), but the fix will only become active with HF25.
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It is indeed a bug, discovered and fixed a while ago (see issue 140), but the fix will only become active with HF25.
Yes it looks like that will probably fix it, and relatively soon too. Good news.
do we need it after HF25? i would say we can stop after and give it in the hands of hive stakeholders in form of a pool. would be a usecase for liquid hive :) And we know it has currently not the best usecases :D
I don't see the stabilizer as currently constructed competing for the HIVE->HBD conversions. But for <$1.05 it can do the same thing as now.
is there a 5% fee on converting on the fork?
Yes. For $1.05 of HIVE you get $1 of HBD.
plus 3 days time to converting or instant? I think it would not need both and 3 days would average out most time.
Or is there a reason i don't see? The best case would be we print a bazillion HBD and burn Hive with it. So defi platforms can use it as a stable coin.
Edit:
I ask because why should someone do it? If I can sell 1,05$ of Hive for 1,05USDT that's available on a lot of exchanges and easy to transfer. Why is HBD better in that case?
I guess the fee is a more direct money grab from speculator/pumpers than merely using it to buy HIVE would be. Which ends up benefiting Hive (stakeholders) more, I can't really say.
It takes 3.5 days to complete but the HBD is delivered immediately. To account for price fluctuation there is a overcollateralization.