That's true... more deriatives will find more use cases for Hive DEFI users...
I think liquidity is important ...so just taking out the supply as you said leads to volatity as pumps and dumps will happen and again little Hive holders will be most affected!!
I did not know HBD price went 3x to its peg... I have seen earlier too... they happen especially on bull markets... but as you say HBD has to be a stable coin meaning can't have upwards large deviations of its peg, that will promote more trading of it, when its a stablecoin. Anyway
Yeah last week it was pumped in the overnight hours (for me). I woke up to a price of like $1.60 or $1.80. But it touched much higher levels.
Of course, the ability to combat it was limited due to the amount if pHBD and bHBD available. Here is where the liquidity in those pools could help.
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