HBD stabilizer functionality fully restored

in #hbd4 months ago

After the successful hard fork, the HDB stabilizer function to convert HBD if the price is below 0.97 USD was reenabled and the stabilizer is now operating normally.

100% beneficiary to hbdstabilizer

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Why is the DHF currently losing funds/shrinking?

It's converting HBD (since HBD is below peg), which takes 3.5 days, so that part of the funds is "missing" for 3.5 days. Once the conversions complete the HIVE will be returned to DHF which, on average, should yield a profit. Unless HBD remains below peg in which case it will convert again, repeating the above process.

is the bot not buying on the internal market anymore after HF25, just conversions back and forth?

It buys when it has HIVE if HBD is below 1 USD.

It doesn't always have HIVE though, since all payments from DHF are in HBD. To be in a position to buy HBD, it has to get HIVE from a conversion, from selling HBD, or a power down (or HIVE donation).

Also, I'm curious what you are using to track the balance over time.

Just the top of the proposal page on peakd. I check it once a day and it has been steady increasing, but stopped a few days/weeks ago. I just saw now the huge amount of pending conversions...

SWEET!...:)...

Seems that in the last hours hbdstabilizer is returning HBD to the DHF. Since the HBD price is about $1.14 currently, shouldn't it be selling the HBD for Hive?

You're probably looking at the upbit price, which it ignores. The track record for that price being reliable is low.

I was looking at Coingecko and I guess it's showing the Upbit price (seems like it tracks Upbit and Bittrex but is currently considering the Bittrex price an outlier). I guess that's pretty bad experience for people who look at Coingecko to find out the HBD price.

In reality the stabilizer doesn't look at the HBD price directly. It compares the external HIVE price (which is much more liquid and more widely traded) with the internal HIVE price. Since the internal market pair is against HBD and the external markets are not, that gives the HBD price indirectly.

But yes, coingecko is confusing in this regard.

You know, I am a big fan of a pool :) Would be super cool if you can build something like it or simply use hbdstabilizer and allow everyone to invest in it. I would like it because I could send my liquid hive to it and let them work, also hive as a network would benefit from it :)