This is an interesting take because HBD doesn't really have any exchange listings.
Liquidity on the internal market dwarfs all of them put together.
The main listing is UpBit which only South Korean nationals can access.
24 hour volume on Bittrex is less than $300 and as far as I know you still can't withdraw.
In addition, the withdrawal fee for all things Hive has always been near zero.
Standard price for Hive or HBD withdrawal is 0.01 Hive/HBD.
You seem to be reminiscing about a time long past.
The stabilizer proposal has been doing very well and keeps HBD propped up from the downside x100 times better than it used to be. I'm no stranger to that feeling of doing a conversion and realizing it would have been worth more Hive if I never did the thing, but that's just gambling. It can go either way. There's also a big difference between converting the HBD you already have vs bringing in outside value to buy cheep HBD off the market and convert it (or don't convert it and just let the peg return to $1).
Let it be known that on Ionomy they charge 0.60 HBD to withdraw HBD, 0.6 Hive to withdraw Hive, and 2 BUSD to withdraw BUSD. I am telling them they ought to reduce those values.
Wow really? I don't remember it being that high.
LOL also those guys are still around?
I'm surprised they were able to survive the bear market.
Is their volume still really low?
Thanks for reminding me about them that's a blast from the past.
What I mean is, yes they have a really low liquidity. I was hoping that one day we could see very low exchange rates between stable coins. One good feature is that there was support for the HBD/BUSD pair. As an experiment I put sales of HBD/BUSD and back at very low spreads but small amounts. So that one could move value between blockchains with low friction. I was hoping it could be, but I couldn't make 20% per year off of the spread because there wasn't enough volume there even with a tiny amount invested on both sides. I think I'll make more just leaving dollars in savings. Now that TribalDex has that pair, you can normally get a very good price changing dollars for dollars that way.
The exchange added more friction with higher withdrawal fees and higher exchange fees, so I don't see much future there trading between those stablecoins.
Probably lower than you remember.