Brilliant, I must read it again, for its not sunken in, but its very fasinating.
So, its ok if HBD is below the dollars peg is it, since your saying its designed to lose peg to 1$...
I really like that there is a mechanism on how this all works, and it needs to be again read and properly understoof by me!
It's designed to lose peg instead of self destruct the entire chain like Terra. Neither is really good, but the former is certainly less bad than the latter.