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