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RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

in LeoFinance7 months ago

100%

I also think backing with bitcoin in only good for marketing. That's it. Luna is also to young to see what happens if prices crush.

Other stablecoin pairs would be IMO better. could be solved instead of wasting 1 Million in apr.

We want 10 Million in liquidity between stablecoins? Simple pay some apr.

The fee goes not to the LP´s, it goes to the pool, bam after some time the chain itself owns a lot of stablecoins to back HBD.

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As we learned Luna was a huge fail. I hope people here see this and we don’t make this mistake.