Is anything happening with @hbdstabilizer? It appears to only be transferring all funds back to the DHF at this time.
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Is anything happening with @hbdstabilizer? It appears to only be transferring all funds back to the DHF at this time.
Published algorithm has been updated to use print rate to control both conversions and buying HBD, and the print rate will likely hit 100% soon due to the recent price rise and surge in conversions of HBD.
So full activity of the stabilizer should resume shortly.
The published algorithm won't buy if the print rate is <100. This is because the fair price to buy is unclear near the haircut. (In reality, a higher cutoff probably makes sense, but this was easy to implement.) I also manually disabled conversions for the same reason (and further, conversions are pointless if you aren't going to buy because once the HIVE is sent back to DHF it turns back into HBD and there is no useful change to the token supplies).
Thus it is just sending back the budget payouts, but will switch to using them when the price recovers (or when others convert enough HBD out of existence).