Good morning, want to ask , what can be the worst case of hbd ,we all see what happen to ust of luna yesterday even when is stable coins that give apr like hbd ,why did they dumb it like that and can this happen to hbd also
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I don't think it will happen because there is a haircut rule and HBD won't be printed once this is reached. So there is only a certain amount of Hive that can be produced. However, there are a few reasons why I think it won't crash as fast as UST. It takes 3.5 days to convert HBD -> Hive.
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There are defensive measures in with HBD. We also have the internal exchange and pHBD holding up well. So if the price of HBD dropped a huge amount, people would buy HBD on exchanges and sell pHBD. This will put more buy pressure on HBD.
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