I've been calling for reverse conversions since the SBD peg last broke in late 2017. I kind of gave up on it ever happening because there is "windfall profit" for platform authors when the peg does break to the upside. There is probably only limited time before a pump of HBD occurs now with alt-season gaining momentum. The SBD is already back over $4....
For me, it's critical that the platform stable coin is actually.....stable. Otherwise nobody will use it for commerce and it becomes just another shitcoin with no use-case. As such, I'm happy to see you discussing it and providing some fresh ideas on the issues and problems. The only witness I've ever seen willing to give it a decent push is @reggaemuffin and he hasn't posted for 8 months. I sometimes could get engagement from @smooth on the topic but he hasn't commented on anything for 4 months.
Good luck man. I hope @blocktrades will step up and have a good crack at implementing this before it's too late because once the peg breaks upwards again it'll (again) be impossible to implement a fix.
I've proposed a method to improve the upward pegging without the risks of reverse conversion. It isn't perfect but it should be better than the status quo and may turn out to be sufficient, or evolve into something that is sufficient. I'm happy to entertain partial solutions when they have less or no risk of actually making matters worse, and particularly when we don't know that any other "solution" would actually be perfect either.
https://hive.blog/hbd/@smooth/request-for-comments-hbd-stabilization-dhf-proposal