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RE: HBD stabilizer continuation March 2022

in #hbd2 years ago

When the price of HBD deviates from $1, the stabilizer buys or sells HBD to push the price back to $1. This doesn't happen instantly because the stabilizer has a limited budget (currently about 7000 HBD per hour), so it may take time to buy or sell enough HBD to restore the peg. That's why there have been some temporary periods that the price may deviate, including recently when HBD went to about $3 and took about two days to get back to $1.

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Thanks for answer, I am actually getting to know more about hbd theory and I hope to write about it soon and I wonder how it works, and it seems to be different from other stable coins. See you soon on my article, you don't mind if I tag you when I write about hbd right, or I tagged when I write a article related to hive 🤕