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RE: PolyCUB Will Be the Seed Platform For HBD Trading and Liquidity

in LeoFinance • 2 years ago

In the short term, it might have the impact of sending the price of HIVE down. However, long term, since HIVE will be converted, the float will be tightened.

Time will tell how all this unfolds. However, we did see it with LUNA. Why wouldnt HIVE follow if we have a similar degree of success.

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2 years ago in LeoFinance by
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     2 years ago  

    Did you share thoughts on the LUNA project? Seemed to have missed all of that.

    In the short term, it might have the impact of sending the price of HIVE down. However, long term, since HIVE will be converted, the float will be tightened.

    With the low liquidity available in HBD market, don't you see the possibility of HBD crushing well over $1 at the early stage of this conversion?

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     2 years ago  

    No I never did anything in particular about LUNA but the record is out there. Hard to miss what they did.

    With the low liquidity available in HBD market, don't you see the possibility of HBD crushing well over $1 at the early stage of this conversion?

    No. The HBD stabilizer plus arbitrage opportunities are out there to keep it in line. Getting the Polycub LP going will really help. Another area that people can use to arbitrate, especially if there is liquidity.

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