I feel very pessimistic because no counter measure are implemented. To make things worse 3 new proposals got voted through (HBD stabilizer included; not really mad about that one). The effects of other 2 are already noticeable by debt ratio. In less than 2 weeks it has risen from 20 to 25%. Of course it will be harder now, but still no action against it is being taken and new active proposals only worsen the thing.
Some BTC/USDT/USDC exposure won't hurt in these circumstances.
You are viewing a single comment's thread from:
Need to figure out what to shuffle into BTC/USDT/USDC for safety. Do we pull HBD from savings? Sell some assets? I don't want to hurt income (more than it is already suffering from missed yield payments. 😒 )
I'll have a think.
As far as I understand things HBD after depegging will reach its peg due to stabilizer (it currently returns more HBD to DHF than it gets from it, so there's more than 12k HBD force behind it). So I'd keep HBD in savings for that purpose. Also I'd get more if available at discount.
We might have a vote or community discussion on where to acquire funds for BTC/USDT.
Maybe we should not sell productive assets, but use income for that purpose.
Just sold some SURGE and opened a BTC/ETH pool position to get started. They both will likely outperform HIVE in the short term, and the position is liquid so if the chance arises to pick up cheap HBD, HIVE or whatever then we have a slush fund available.
It's not a lot, but we still have a few thousand HIVE coming from the PWR wallet shutdown that can go here, and can scape some other stuff.
Anyway, we shall see what happens.
