After talking to so many whales - as a large % of my network is active in the DeFi / stablecoin staking space (especially staking large amounts on Curve.fi) - there is a lot of growing interest around HBD.
We simply need a way to onboard them. These whales click buttons and move $100k's at a time. They don't want to enter the internal market and place bids and "hope" to get filled before the HIVE price changes on them and causes them to lose money. To them, losing even 1-2% to slippage is a big cost and this frequently happens on the internal market due to HIVE volatility.
I am working as hard as possible to get more liquidity into bHBD-BUSD. I think we've hit on a model that can service these whales to allow them to buy/sell HBD with thousands of dollars at a time and low slippage.
It's going to take some time, but I think it's achievable. More HBD bridged over to bHBD and provided as liquidity is the key to this model's success.
My bullishness on HIVE has increased dramatically with these HBD changes. I think we have a superior model to LUNA which exploded to the top of the charts because of UST. If we can slowly grind our way up there, then we will potentially become one of the largest blockchains in the world (once again).
HBD to the moon - or at least, the circulating supply of it!
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HBD at the moment is at the best possible position it has been in its history. Both in terms of price security, 4% debt to 30% allowed, and in terms of liquidity. It is still very small token with close to 10M in circulation!
One of the best thing about hbd, it has zero premine :)
BHBD is great! Thanks for all the work into it.
You've already done wonders wrapping HBD & Hive 🙏
Hope we'll have few whales buying and providing liquidity in these pools soon! Having some whales involved could end up being one of best things to the entire ecosystem of products. !PIZZA
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