$HBD is a non-collateralized stablecoin. Which means it is not backed by FIAT but uses code to fix the peg.
The only other non-collateralized stablecoin I can think of that is worth mentioning is Terra USD (UST). Problem is that Terra is not as decentralized as Hive.
You can generate a stable yield of 20% on UST on Anchor Protocol. Do you think at some point in time we will have 20% on HBD too?
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Ampleforth is another non-collateralized algorithmic stablecoin.
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Is it the one you get as rewards on Publish0x?
I keep forgetting to publish my article there. Thanks for the reminder Kevin. 🤞
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That's the one my friend.
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It's possible but I think we may have to wait a bit longer till that happens. I have a feeling the witnesses are watching to see how well HBD is pegged.
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I think so, but I think we're taking baby steps on this one so maybe let's hope for 12% soon, maybe 15% a little further down the road and then, hopefully a big juicy 20%
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