@ausbitbank What happens when HBD reaches 30%? How will the supply be constrained beyond 30%? I noticed that PeakD's HIVE->HBD conversion requests are denied right now.
@ausbitbank What happens when HBD reaches 30%? How will the supply be constrained beyond 30%? I noticed that PeakD's HIVE->HBD conversion requests are denied right now.
At 30%+ the hbd conversions will start being processed with a price haircut effectively depegging hbd. Peakd is smart to deny them already imo. There are no other constraints built-in afaik but I assume more witnesses will continue to lower hbd interest rate votes too.