(If you are not familiar with the HBD stabilizer, please review my previous posts.)
This proposal maintains the previous funding level of 500 HBD per hour, which has been reasonably effective. To review, this budget is used to buy or sell HBD depending on the current market price (below or above 1 USD), with the proceeds entirely returned to the DHF. Accordingly, there is no actual "cost" to the DHF. In fact, previous proposals have returned more to the DHF than was paid out. @dalz has made several posts reporting on the flows and estimating the net profit to Hive as being millions of dollars.
As I have in the past, I urge other community members with the necessary technical skills and community trust to submit their own stabilizer DHF proposals. Having multiple independent proposals will protect the stabilizing process from downtime by any one operator, likely improve stabilization as the proposals compete with each other to trade on deviations from 1 USD, and also allows for a higher aggregate budget without increasing the risk of any one operator stealing the budgeted payments before sending them back (or being hacked). Any interested community members are welcome to make use of the open source pseudocode algorithm used by the existing stabilizer as a template for their own implementation, but it is also likely possible to improve on it.
In addition, the stabilizer continues to receive a few thousand HBD per day from daily votes on the ten @hbd.funder comments, by which the global reward pool funds can be directed to the stabilizer and then back to DHF. Voting for these comments is another way to support HBD stabilization.
As noted in previous reports, we've seen HBD continue to be used for transactions for a variety of goods and services, both online and offline. I would encourage the Hive community to continue to expand use cases for HBD as well as developing new ones. These can add a lot of value to Hive both directly and indirectly.
If you support continued operation of the HBD stabilizer, please vote promptly for the new proposal:
Proposal number 352
Hivesigner link to approve
Peakd proposal link
Ecency proposal link
100% beneficiary to @hbdstabilizer
Excellent work, you have my full support. Good luck @smooth.
Well, I think it's fine to keep it for now, although I've noticed over the last few days that the price on the internal market is below $1 and that it's difficult to stay close to that $1 price.
Approved. ✅
Good work out there! You got my support!
Stable coins are getting large scale adoption and probably it's time to evaluate if HBD can be listed as a legal payment stable coin under the new GENIUS ACT - SOMEONE like you with high stake should explore those opportunities. Recently my company FIS partnered with Circle to explore opportunities with payment stable coin - may be we can even reach out to them and see, if HBD can be listed by them.
It will not be listed on exchanges. Only centralized stable coins are.
in recent days, HBD has not been at peg. Haven't seen it this unstable for quite some time. Hope this helps
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good luck
Approved