I was a bit mislead but I do agree that the 3.5 day safeguard is way too long. The price has gone back to the peg way too fast.
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I was a bit mislead but I do agree that the 3.5 day safeguard is way too long. The price has gone back to the peg way too fast.
Posted Using LeoFinance Beta
Yea. Who I had in mind while making this post are individuals whose utilization for HBD is to convert to Hive for most exchanges. It's nice to see professionals provide solid feedback and expanding my scope. Thanks for stopping by!
We don't want a TerraUSD - LUNA death spiral and meltdown over here. The 3.5 days is there to dampen speculation and discourage speculative attacks
I know but if people are intending to take profits during the pumps, the internal markets are a better option. In a way, that 3.5 day time period leaves too much room for someone who wants to arbitrage.
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For faster intervention there's the HBD stabilisation fund