That is true. However, the risk is minimized because a portion of the HBD will be locked up and hence not able to be converted.
And the haircut rule is still in effect.
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That is true. However, the risk is minimized because a portion of the HBD will be locked up and hence not able to be converted.
And the haircut rule is still in effect.
Posted Using LeoFinance Beta
It's not locked up forever. After a year, if HBD bonds proved highly popular, you could end up with substantially faster growing virtual hive supply (which could become realized into real hive supply over time).