If both fall, no benefit. If one falls and the other doesn't (or less), there would be a benefit. So there might be a benefit as long as they aren't perfectly correlated.
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If both fall, no benefit. If one falls and the other doesn't (or less), there would be a benefit. So there might be a benefit as long as they aren't perfectly correlated.
but would it be not smarter to buy another stablecoin to back it?
For example 500k usdc and 500k busd ( or other, but not algo).
I mean that would really stabilize HBD and the funds could be used at some time to add liquidity on a pool.
No upside potential, but no downside. We dont need to stabilize HBD in an uptrend to hold 1$ value.
Is more if market crush and hive is worth nothing again and HBD starts to struggle again too.
IMO would be more word as a "emergency fund".
My understanding of " emergency fund" is something we can use in bad times.
But maybe I'm wrong, who knows.
There are comments from others on why they don't like using another stable coin, especially the centralized one (even DAI has a lot of its collateral in centralized stablecoins, though I think it's less than it was at one point). Seems a debatable point to me.
I don’t think we even need HBD. This all seems like a waste of time. Better spent focusing on Hive token and use any intermediate stable coin people want instead. HBD in my humble opinion isn’t needed and it’s proving to be more work then it’s worth.
At this point I would rather us fork and get rid of HBD all together. Give all holding it a set amount of hive tokens. This just doesn’t make much sense anymore. Just my opinion