KEEP HBD IN MIND
The relationship of #Hive and Hive backed dollar is continuing to gain traction. We have to give it all to @hbdstabilizer. If you hold #HBD as well you are building something for the future of Hive blockchain. If it was not for 12% it could be hard to make sense for everyone.
Last year has been a pillar in what #HBD will become in the later year of Hive blockchain including everyone giving all for this community.
You probably read this post from @dalz giving a eye opening view of #HBD. Worth your time to dig and find nugget along the way. This blockchain is more than just what you see on the surface. What is happening inside has tremendous value to keep what yo can see running smoothly.
In the world of stablecoins HBD is hundred mile away from the elite.
I took this pic from the current supply on January 28th. You could see the dynamism of the correlation between Hive supply and HBD with the total supply. As a whole Hive is somehow deflationary. But you can say as well HBD value has a lot to do with the amount Hive that seems to exist. HBD is a debt of the Hive system and it has to do with Hive price.
Not long ago you probably reading a post about the liquidity for Hive through HBD channel. We need to count to have and to hold as much as one billion plus HBD. This is a long shot home for this blockchain. It is feasible and we will get there eventually. Hive is inflationary for a reason while the growth of HBD is deflationary.
The cool part of HBD has to do directly with Hive. You cannot have HBD without Hive. As you know well it is like a debt on the system for a fixed price of the dollar. It is not there yet but we are so close. Lately you can see with the help of @hbdstablizer the peg is well supported.
The limit of HBD to Hive must be below 10% at all time in order for the stablecoin to make sense.
As of now we are around 3%.
You probably well aware of the giants in the sphere as Tether a centralized system. USDC a consortium between Coinbase and Circle. Not far behind BUSD from Binance. TerraUSD is the new kid on the block.
Dai is something really close to what HBD can become since it is back by a number of tokens.
There are many more that bring liquidity to the sphere.
Stablecoins alone represent a huge piece in crypto. It is around 9.77% and growing. It is the liquid that keep everything running. So glad we have one in house we can grow. It will take time and we can slowly build confidence it will stand the pressure of time.
While @hbdstabilizer is doing its thing, you can bring your plan in action by incorporating HBD going forward.
It is clearly a passive way to earn more. It will help Hive to remain deflationary and bring liquidity for everyone. Sooner or later DEFI may be the way for HBD to keep Hive in the limelight.
Are you able to keep it in mind?
Keep vesting in you.
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stablecoins have been of great importance in recent weeks as the market has varied a lot #HBD around $1 plays a stability role in the #Hive while second layer tokens continue to grow to make the blockchain much stronger.
Again it is a community choir for HBD to grow.
Hopefully more use case in second layer can propel HBD in the near future
!BEER
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the important thing is to continue working together with both #Hive #HBD and the second layer tokens to achieve a complete development of the blockchain
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BEER.Hey @hjrrodriguez, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.HBD has been a great topic of discussion on Hive lately. The interest was reignited with the success of UST and that makes sense. If all users of Hive hold HBD then it helps the token to keep the peg and ultimately stabilize the system. The real challenge would be when we have adoption like Terra (whenever that is).
I am doing my part and enjoying 12% passive income on my tiny bag of HBD rewards.
Yeah Terra just came out and took over on that space.
We can get there surely.
Just need resilience and unify behind HBD.
I am holding strong with 12% in mind
!BEER
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The benefit of hbd is on the fact that it is a base layer token and does not need third party apps to keep the peg like UST. There is debate on crypto twitter on Anchor protocol and it's role on UST. HBD is safe and secure from that perspective.
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BEER.Hey @rmsadkri, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.any talk of creating a Certificate of Deposit for HBD?
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I recently started staking hbd was that a good idea?
I have been keeping HBD in mind but I think we need a whole lot more liquidity before any big players would get interested. It would just give way too much slippage and I think something like ecoinstant's proposal for the HBD/BUSD diesel pool is something we need.
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I'm trying to keep HBD in mind.
I recently used HBD to take some profits as HIVE shot up to $3 and then converted it all back as we fell below $1 again.
Earning 12% (or a little more if you're in the SWAP.HBD:SWAP.BUSD LP) is just that added bonus.
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