At this point, all we need is HBD listings to appear on exchanges. The more we outsource our debt as liquidity the more stable this system will become.
Read both articles and still trying to completely wrap my head around your argument, even though thanks to you I have a better understanding of how the conversions work.
That said, this statement I agreed with at first glance
It's not a viable solution until we upgrade the internal market into an AMM yield farm, but I think these liquidity issues will become much more obvious once DEFI matures a bit more.