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I've noticed recently too! Hope it soon get back to the peg

Convertions onchain last 3.5 days but you will get 1 dollar worth of Hive. But again is crazy how the low liquidity of HBD can make easy as shit that kind of dump. Hope the people on that exchange be smart enough to buy HBD with discount

Oh, as an arbitrage trade? I didn't see it that way before. Thought this deviation from the peg implies a lack of stability.

The lack of stability is only in off-chain trade... On-chain convertions always 1 HBD will be 1 dollar worth of Hive.