61308246 | Hive Block

Prev | Next Block 61,308,246

71 transactions in this block, produced at 2022-01-28 00:23:00 (UTC)

57654876

mliatsou Splinterlands claimed quest reward Jan 28 '22

c05560f9

daum020 Splinterlands revealed their cards for battle Jan 28 '22

f7ce86c5

pi-trader custom json

required_auths

`0.`	pi-trader

required_posting_auths

[]

id

ssc-mainnet-hive

json

[{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"buy","id":"42bd047d57ad4b03eef2832436e3359100ce2d9b-3"}},{"contractName":"market","contractAction":"buy","contractPayload":{"symbol":"SWAP.BNB","quantity":"0.05","price":"430.00009507"}}]

Jan 28 '22

335e50e8

proofofbrainio custom json

required_auths

`0.`	proofofbrainio

required_posting_auths

[]

id

ssc-mainnet-hive

json

{"contractName":"tokens","contractAction":"issue","contractPayload":{"symbol":"POB","to":"dubble","quantity":"0.99009012"}}

Jan 28 '22

4d674cc5

milotolomi custom json

required_auths

[]

required_posting_auths

`0.`	milotolomi

id

sm_stake_tokens

json

{"token":"SPS","qty":0,"app":"splinterlands/0.7.139","n":"7wMdyXWFTY"}

Jan 28 '22

fc375c24

sm7025 Splinterlands revealed their cards for battle Jan 28 '22

10a519fa

matildafrahm7 Splinterlands gift cards to fatimasharri7 Jan 28 '22

d114a68e

sat1 Splinterlands revealed their cards for battle Jan 28 '22

cf152115

uichonae Splinterlands claimed quest reward Jan 28 '22

eb84bde1

brofi custom json

required_auths

`0.`	brofi

required_posting_auths

[]

id

scot_set_vote

json

{"symbol":"SPT","vote_weight_multiplier":0.9}

Jan 28 '22

5d1bd002

vethoi968 Splinterlands claimed quest reward Jan 28 '22

2e307ae4

atitaq Splinterlands started a daily quest Jan 28 '22

a241d2f5

genen Splinterlands list cards for sale on the market Jan 28 '22

df4641de

lolz.spt upvote @saviib/tpycsrbk Jan 28 '22

a3e6867b

bloodix Splinterlands claimed end of season reward Jan 28 '22

56931420

ggggggt Splinterlands claimed quest reward Jan 28 '22

cfd33e75

deborastark698 Splinterlands gift cards to smithammwtos32 Jan 28 '22

a503a512

makeup.byely upvote @irenenavarroart/what-remains-to-be-achieved-ladie… Jan 28 '22

57ca5507

namjp216 custom json

required_auths

`0.`	namjp216

required_posting_auths

[]

id

sm_token_transfer

json

{"to":"namtrang181095","qty":5,"token":"DEC","type":"withdraw","memo":"namtrang181095","app":"splinterlands/0.7.133","n":"5llHhOXvsL"}

Jan 28 '22

418c670d

ivarbjorn custom json

required_auths

[]

required_posting_auths

`0.`	ivarbjorn

id

notify

json

["setLastRead",{"date":"2022-01-28T00:22:55"}]

Jan 28 '22

0852e9df

maximepateau claim reward: 0.028 HP Jan 28 '22

6aa00f85

joseantpp upvote @jesustiano/generational-differences-and-parenting… Jan 28 '22

fe58777f

congzz Splinterlands claimed quest reward Jan 28 '22

40957069

doihai826 Splinterlands gift cards to doihai845 Jan 28 '22

ee29c209

eatonglenn205 Splinterlands claimed quest reward Jan 28 '22

4ef8ecf4

sl-proxy-1 Splinterlands revealed their cards for battle Jan 28 '22

f0317c71

stevencheat Splinterlands gift cards to dickguwwr8 Jan 28 '22

78d01f73

jayneuber14 Splinterlands gift cards to indiacomu83 Jan 28 '22

4fc0a436

haileycookk Splinterlands started a daily quest Jan 28 '22

4c3af937

kem265 Splinterlands started a daily quest Jan 28 '22

ca8dd0b0

rickyaskew Splinterlands started a daily quest Jan 28 '22

f0bb5315

mienmanhasd custom json

required_auths

`0.`	mienmanhasd

required_posting_auths

[]

id

sm_market_rent

json

{"items":["2c4916a66cf51f1f69d98ee0f34ac0d7778934a2-120"],"days":1,"currency":"DEC","limit_price":4.25}

Jan 28 '22

f545f16a

rus32-lan Splinterlands submitted a team for battle Jan 28 '22

78e825db

quann150 Splinterlands gift cards to c9helios10215 Jan 28 '22

fbc3fb16

dgchgnfbv Splinterlands started a daily quest Jan 28 '22

45c0b4c0

ausbit.dev custom json

required_auths

`0.`	ausbit.dev

required_posting_auths

[]

id

ssc-mainnet-hive

json

{"contractName":"witnesses","contractAction":"proposeRound","contractPayload":{"round":540221,"roundHash":"eb4ee7b8ad8bc12c9cc3c6dea6c7363ce7d26e1b3a9bbb8163f020c2cc6765af","signatures":[["ausbit.dev","203ea4d5dd2082fa67b35b73763c0e108b0a8b4891639236671db19c4ecee52d7a0111db357d70e9390c8cdee189914677378ec90f6fc9cc558593a6580dd3feed"],["comptroller","1f69c6d4413ae2bfe5a1540a9b6d8de0a56e9de299b32d173f62007b51f85b398a7626faf69c9e9ee2fd773ccb1d712fd7901240177c6f6668cd99b4842fe80c04"],["h-e","20143f40a30f587640275ff074b804807a7ead1f02007aa55f054779d0b8ba590b2964224aaf2a30b1992bcda57a5536287bc78c4b5a07516370bced9d67053947"],["actifit-he","204298e55ddf7dee68edf781c20582466f8e82d2f5cf38d192d6924ec4ca4634a346778332f7d04ce26cd0689c566e30026a030b314594c0bb70caacd82146b674"],["apiculture","1f455ca03f7d24f8ebb0d538a36f43e9a59c4c243d9dc66c809fe7db3bce19cc0377e2fba75a58b1272d77053cc7a3e2e33fb1157c5f8bd8453c80504bc3d2db8f"],["ervin-lemark","1f5f32ce12535f86df5b08ac95edaf941b6ea7c5b0e5397c1595bb47062fc0666f130b0c76162d22343bb497599ee9f134b7745e79b3272b7c89bc4a1ea757da03"],["kanibot","2026d97e186205e2c8dfc24424a3a424e7ce765e7c7cd89b72c041909cd6f37c2f6cf8a002c3a381a485a055b99c1999837aa6f388762e2e8c03ed1a1791399bb5"],["india-witness","2040cbfbbe9dfaf9ca3d5f71b92e710ad641d1d173983f9ed162356fc81e9a0d8774e9533eb558b38bf78c899b29e74f1ff2da88f25c4843f0fb6ab6168c9787d3"],["primersion","200d8b82bdb31aa69af357f8157eb763fe9072e97789031a9900df3737555a95273e33a93c728e04ab745970e6555c97774df109abf505ae6c09daef1ff1f21ead"],["chrono.witness","201861803c114ac47c63a778a21217062d58e5ab62ae24c1353d33dcce037ecb2c45f368c480f0b42314b3aea534e8557d9952f8ed335096b059fc7e5ca1ecb67b"],["ph1102.ctp","20547f52ad2ec25650c70568877d883b4a31974c10af3ed2c541fc91b884da9e9665d82d11a818b3a0b3224c6a1adfd72011981451d05b72975b1ce78f110b4c52"],["neoxianminer","205b83ae56a5fd3a7f2c4bf620af0b247c5f6e9b249bd0516865b0e4b2052b859b0f2889884cb730cfbf93406ae1df1614da0deca1b4d16e4702701a523d5682a4"],["brofund-witness","206c0448002288ef4c70572dc92019e53e601dc0dd2fdaeb030fcc606d5f29821666e9a46d2dbed48daaf081425089901ed5e02e905666fbd39907138651c04fd3"],["locolombia","1f19966656eedb2865ef4ffc18713760bf3f07bab5da574492ce8a1ad0501cd23227f5ea3b7c1cbad57cbff9f8469a35fb5a33b3c250271c7d896162979831347f"]]}}

Jan 28 '22

b8ec6068

nhung11 Splinterlands claimed quest reward Jan 28 '22

b9c32dcd

sautrenmi Splinterlands gift cards to baobocngu Jan 28 '22

e30887cb

wilfredo1 custom json

required_auths

`0.`	wilfredo1

required_posting_auths

[]

id

sm_market_rent

json

{"items":["2144f2229144fdd83aded9920744b0e2b350e14c-0"],"currency":"DEC","days":1,"app":"splinterlands/0.7.139","n":"EEfJwiTKgN"}

Jan 28 '22

b25e327a

jsnhzmnhaitam Splinterlands claimed quest reward Jan 28 '22

10840acb

moiseswh Splinterlands claimed quest reward Jan 28 '22

2c8a8620

ko3090 Splinterlands revealed their cards for battle Jan 28 '22

0245b7ac

kennynenners Splinterlands started a daily quest Jan 28 '22

957ac5c7

tu141 custom json

required_auths

`0.`	tu141

required_posting_auths

[]

id

sm_market_rent

json

{"items":["e597647f6a821b9b59a95df707097fb091b3e26c-2"],"days":1,"currency":"DEC","limit_price":0.421}

Jan 28 '22

71794aec

duncanr Splinterlands started a daily quest Jan 28 '22

35142c6c

schoenffks4 Splinterlands claimed quest reward Jan 28 '22

17b6c8cc

martinarhi Splinterlands started a daily quest Jan 28 '22

29c8b04c

sl-admin-2 custom json

required_auths

[]

required_posting_auths

`0.`	sl-admin-2

id

sm_token_award

json

{"from":"$SPS_AIRDROP","to":"akikoy","token":"SPS","qty":3.883,"platform":"hive","address":"akikoy","ts":1643329377416,"sig":"SIG_K1_K3fxDDAP7DV5xfJbcttK8WWiDrcdnWDT6cotCDaCnRaStSrX4Wr9zisf1y787kopL1dbunnTathMbwvmafCKYw23K2eG4y"}

Jan 28 '22

2e85e2c3

ngan346 Splinterlands claimed quest reward Jan 28 '22

1f5709ee

zerothree custom json

required_auths

`0.`	zerothree

required_posting_auths

[]

id

ssc-mainnet-hive

json

[{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"baa5ec5ff2fb05a6901fb2aa7c1ba1b514b15172-1"}},{"contractName":"market","contractAction":"sell","contractPayload":{"symbol":"SWAP.BTC","quantity":"0.11180347","price":"42499.99992078"}}]

Jan 28 '22

9c4e0693

gallegosmgutt89 Splinterlands gift cards to bryantovvof08 Jan 28 '22

91da6865

qwqwd Splinterlands started a daily quest Jan 28 '22

9a5d84b2

longbien163 Splinterlands gift cards to longbien219 Jan 28 '22

573d6b19

sfdss Splinterlands started a daily quest Jan 28 '22

609e43fc

yuriki Splinterlands started a daily quest Jan 28 '22

20eec54e

langz429 Splinterlands started a daily quest Jan 28 '22

6e172b03

guadalupetimothy custom json

required_auths

`0.`	guadalupetimothy

required_posting_auths

[]

id

sm_market_rent

json

{"items":["897127bd139f3572836a5f190dfddf9ea2a9ed68-15"],"currency":"CREDITS","days":4,"app":"splinterlands/0.7.139","n":"xGKYTrUGQe"}

Jan 28 '22

b80b6212

namjp2 Splinterlands gift cards to namjp1 Jan 28 '22

cab5e139

ducpig1 Splinterlands started a daily quest Jan 28 '22

26fcd56a

valbur Splinterlands started a daily quest Jan 28 '22

ed54db15

trelang412 Splinterlands gift cards to nammy384 Jan 28 '22

04779994

eliezer65 custom json

required_auths

[]

required_posting_auths

`0.`	eliezer65

id

rabona

json

{"username":"eliezer65","type":"contract_renewal","command":{"tr_var1":"P-Z4LZFPUWFKG"}}

Jan 28 '22

5237a578

testaw Splinterlands entered into match queue Jan 28 '22

830c7407

estherlabe23 Splinterlands gift cards to kennethhca19 Jan 28 '22

b06de3cc

vethoi368 Splinterlands started a daily quest Jan 28 '22

aba57454

femida Splinterlands entered into match queue Jan 28 '22

3b2ca66c

tangatraveller custom json

required_auths

[]

required_posting_auths

`0.`	tangatraveller

id

notify

json

["setLastRead",{"date":"2022-01-28T00:20:58"}]

Jan 28 '22

3b2ca66c

tangatraveller custom json

required_auths

[]

required_posting_auths

`0.`	tangatraveller

id

peakd_notify

json

{"action":"markAsRead","date":"2022-01-28T00:20:58"}

Jan 28 '22

59b308ad

forexbrokr authored a post: @forexbrokr/best-algorithmic-stablecoins-h… Jan 28 '22

8fa12dc4

rboubou custom json

required_auths

`0.`	rboubou

required_posting_auths

[]

id

ssc-mainnet-hive

json

{"contractName":"market","contractAction":"sell","contractPayload":{"symbol":"VOUCHER","quantity":"7.593","price":"1.41"}}

Jan 28 '22

6528351a

trangkoy301 Splinterlands gift cards to trangkoy318 Jan 28 '22

3fb8ba55

nothingbutbass custom json

required_auths

[]

required_posting_auths

`0.`	nothingbutbass

id

sm_delegate_cards

json

{"cards":["C3-339-0S99ESZXSW"],"to":"tenicrisp56"}

Jan 28 '22

Show raw block data

Raw Block Data

previous

03a77d5554d48ffb6398916ca29ebb8d79074102

timestamp

2022-01-28 00:23:00

witness

smooth.witness

transaction_merkle_root

ab9c3b1493c75f664082b7a517f36641120d17d7

extensions

[]

witness_signature

1fd5fffe57253f8270c471712eb4fc61fa679d68ee42f8230843a22bd31fd59e116480274d75b7e8baa132cf19c02d87de8555c2319bc7f0c456ee7bb4000098c0

transactions

0.

ref_block_num

32,064

ref_block_prefix

887,606,937

expiration

2022-01-28 00:32:45

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	mliatsou

id

sm_claim_reward

json

{"type":"quest","quest_id":"7ac0eedb71e3710e13ccfb642b9b88123344f3f7","app":"splinterlands/0.7.191","n":"u5k3N4LOIB"}

extensions

[]

signatures

`0.`	`1f71909cafa3a9e89313f93311271619c740156c6c9679202ba8d6828f52cb02d227ea7a76550f6ff40c9e83c18b173165c6d57229d27f5309c7e4e99957edca3b`

transaction_id

57654876f95024b129b1cd2c56fee730ee99a552

block_num

61,308,246

transaction_num

1.

ref_block_num

32,065

ref_block_prefix

317,470,301

expiration

2022-01-28 00:23:21

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	daum020

id

sm_team_reveal

json

"{"trx_id":"23ac4fbda8070d7fc1c8a352427cf15abf24b234","team_hash":"962b35306074df03ab1d815506d890b8","summoner":"starter-189-10B835","monsters": ["starter-184-684EYS","starter-369-O3D7VL","starter-179-V0V6XH"], "app":"splinterlands/0.7.147", "secret": "GUP9IF"}"

extensions

[]

signatures

`0.`	`2026765f1ef62ab629c6cb3c3045279a7ac444715ea324fff09905555ffc91cc1169bb9024a41e268bab53af457df8b3ad1b6096a7022cded2b20cb8d849212101`

transaction_id

c05560f9b07172395b1b52bcc4c1e5f18fd081cf

block_num

61,308,246

transaction_num

2.

ref_block_num

32,065

ref_block_prefix

317,470,301

expiration

2022-01-28 00:23:21

operations

0.

custom_json

1.

required_auths

`0.`	pi-trader

required_posting_auths

[]

id

ssc-mainnet-hive

json

extensions

[]

signatures

`0.`	`2054750fce001e683ca6bdf601c84f98c7e9ead9d944f9245f29f65f0dcd48f7376e9adbe8382ca67b2dbb79973c51bb09436cb2043821ae364c82e3265a2b3c37`

transaction_id

f7ce86c5a57c90ade82c5a712257d440e1acab0f

block_num

61,308,246

transaction_num

3.

ref_block_num

32,065

ref_block_prefix

317,470,301

expiration

2022-01-28 00:23:24

operations

0.

custom_json

1.

required_auths

`0.`	proofofbrainio

required_posting_auths

[]

id

ssc-mainnet-hive

json

{"contractName":"tokens","contractAction":"issue","contractPayload":{"symbol":"POB","to":"dubble","quantity":"0.99009012"}}

extensions

[]

signatures

`0.`	`201de3bd01176dfacb4586b36ead7363233e0d569bd0dbdec10d7d8f06569b153067f8135eeeeab159cb8ab2f24a55871bd66cfae8a5187bc845c1b22b80710ae0`

transaction_id

335e50e8e6f4c320315f5168c8db91cd84320590

block_num

61,308,246

transaction_num

4.

ref_block_num

32,039

ref_block_prefix

1,423,503,369

expiration

2022-01-28 00:31:27

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	milotolomi

id

sm_stake_tokens

json

{"token":"SPS","qty":0,"app":"splinterlands/0.7.139","n":"7wMdyXWFTY"}

extensions

[]

signatures

`0.`	`1f2ce80adbdae8acdcd451fc6d833938c2786b6e1f4e8941a32a342371a2c2fa4517820129fcc976ddcf1859ba9bfcf95f058c22386286042fc254de6889c36a30`

transaction_id

4d674cc5a308678245d9890e2f3d61746c848b8c

block_num

61,308,246

transaction_num

5.

ref_block_num

32,065

ref_block_prefix

317,470,301

expiration

2022-01-28 00:23:15

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	sm7025

id

sm_team_reveal

json

"{"trx_id":"6106c7e162b82b5a71e8413fa4733c34f1358a9c","team_hash":"f94b52cffc98ab53de784659829ebe66","summoner":"starter-438-XA5617","monsters": ["starter-361-254KIP","starter-426-WCR1VI","starter-359-YQKPFI","starter-141-TZ49JT","starter-353-XYKFE8"], "app":"splinterlands/0.7.147", "secret": "WXVDUC"}"

extensions

[]

signatures

`0.`	`205d5ad7f879a1e472194d8870874d21d0056147a07b887f0942f4209e396184e972ec1c0bf319ae53231b3d189d66d22e231e12366e164dcabdad31697fd6ec32`

transaction_id

fc375c24304eef7a39db71544dacf45ef6b7f388

block_num

61,308,246

transaction_num

6.

ref_block_num

32,064

ref_block_prefix

887,606,937

expiration

2022-01-28 00:32:54

operations

0.

custom_json

1.

required_auths

`0.`	matildafrahm7

required_posting_auths

[]

id

sm_gift_cards

json

{"to":"fatimasharri7","cards":["C3-345-JSN40DUEAO","C3-345-SXBWV12ZW0"],"app":"splinterlands/0.7.139","n":"b1UjWn2r5M"}

extensions

[]

signatures

`0.`	`1f114f0e37d81bd4df740835ede7737e812ca364ed8413c87e21bdbbd57e89db316cbb96aefe628d8987acd719ac405fc37c87e2fb27910a3658824e9411a7e8f5`

transaction_id

10a519fa5888455e0aad390ac06c5211dc6e279d

block_num

61,308,246

transaction_num

7.

ref_block_num

32,064

ref_block_prefix

887,606,937

expiration

2022-01-28 00:32:54

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	sat1

id

sm_team_reveal

json

{"trx_id":"a03a45e5040fb8881d4159d702da159b7e141e40","summoner":"starter-224","monsters":["starter-136","starter-353","starter-141","starter-359"],"secret":"QMUL"}

extensions

[]

signatures

`0.`	`1c3b5255e231281d92ae36cfd2c0d74a9cef56b8c2e52aadec21f1bcb6ccacdc671271467bc541a9ada325bc370bb0075c4eb9c431f55f4073a26a6480009394ee`

transaction_id

d114a68e01fc68ddac7b810988b4f85ae502361f

block_num

61,308,246

transaction_num

8.

ref_block_num

32,064

ref_block_prefix

887,606,937

expiration

2022-01-28 00:32:54

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	uichonae

id

sm_claim_reward

json

{"type":"quest","quest_id":"877fabc5a07078ed05d16194eadef60bc8913283","app":"splinterlands/0.7.191","n":"0dBUzZM7Vt"}

extensions

[]

signatures

`0.`	`20733c0a2c716345bab4428a06562a082cc209055abf0c11161aad34c4cf7e357577e1a3c9c7b0e37bcc69f7e91deb1c239dcf15683b9f80399972b427f61df01b`

transaction_id

cf152115a34c93179a0dab2e6fc02366ae9eae10

block_num

61,308,246

transaction_num

9.

ref_block_num

32,065

ref_block_prefix

317,470,301

expiration

2022-01-28 00:23:24

operations

0.

custom_json

1.

required_auths

`0.`	brofi

required_posting_auths

[]

id

scot_set_vote

json

{"symbol":"SPT","vote_weight_multiplier":0.9}

extensions

[]

signatures

`0.`	`207ab5611fc9757d9736df3d52ab55e497048ebd07f133734512c1edec95c8427951c03d4c11ae73b3d1eab2a0efde4e55bbfb8ba3a968fc19aca814e1aa1ede76`

transaction_id

eb84bde151eda513b553b2c2652e7d9d6eda0512

block_num

61,308,246

transaction_num

10.

ref_block_num

32,064

ref_block_prefix

887,606,937

expiration

2022-01-28 00:32:54

operations

0.

custom_json

1.

required_auths

[]

required_posting_auths

`0.`	vethoi968

id

sm_claim_reward

json

{"type":"quest","quest_id":"a146043c5564efbf977d9df1581785676757125a","app":"splinterlands/0.7.191","n":"aa7AuHjJRI"}

extensions

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signatures

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sm_start_quest

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sm_claim_reward

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sm_claim_reward

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sm_start_quest

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sm_gift_cards

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sm_gift_cards

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sm_start_quest

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sm_start_quest

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sm_market_rent

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sm_start_quest

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sm_start_quest

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sm_gift_cards

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rabona

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sm_gift_cards

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sm_start_quest

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`parent_author`	""
`parent_permlink`	hive-167922
`author`	forexbrokr
`permlink`	best-algorithmic-stablecoins-hbd-an-underrated-gem
`title`	"Best algorithmic stablecoins - HBD an underrated gem"
`body`	"<center>![The best algorithmic stablecoins - HBD an underrated gem.](https://images.hive.blog/DQmZ21YULvLM9syJ7FF45yN9GTrLcsbjwj2BotwZGb1twog/best-algorithmic-stablecoins-hbd.png)</center> <br> --- <br> ## A look at 3 of the best algorithmic stablecoins with a focus on the highly underappreciated Hive Backed Dollars (HBD). Stablecoins have undoubtedly evolved beyond Tether and their collateralised USDT product offering. Tether’s business model has always been to guarantee that for every USDT minted, there is an equal US dollar sitting in a bank to be redeemed at any time. Essentially they’ve become one giant, retail bank that operates outside of regulatory oversight. But with a whole raft of questions around trust that quite frankly shouldn’t be there in the crypto space, not to mention the US regulator chasing harder than ever before, algorithmic stablecoins are now the clear better choice. You see, algorithmic stablecoins don’t actually have any associated collateral behind them. Acting less like a retail bank and more like a central bank, algorithmic stablecoins don’t have any depositors and aren’t redeemable in the traditional sense. Instead, non-collateralised stablecoins offer capital efficiency and price stability using other means such as controlling supply/demand via smart contracts. In this section of our [Hive Backed Dollars (HBD) guide](https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd), we outline 3 of the best algorithmic stablecoins before offering a final verdict. <center>![Banner depicting the decentralised Hive network that allows Hive Backed Dollars (HBD) to operate.](https://images.hive.blog/DQmXfGvAJeZh3bforBfGdYbXY3Xk1RyZgV5CKHpaQH2oRQE/hive-ecosystem-banner-for-hbd.jpeg)</center> ### 1. HBD - Hive Backed Dollars First on our list of best algorithmic stablecoins, we have the underrated gem that is Hive Backed Dollars (HBD). Hive Backed Dollars (HBD) are actually a unique variation on trustless, algorithmic stablecoins. While pegged to the USD, they are actually backed by the value of [HIVE crypto](https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive) and the network itself. This backing is provided by an on-chain conversion operation that allows holders to at any time convert 1 HBD to an equivalent of $1 USD worth of HIVE and vice versa. Through this conversion mechanism, the price of HBD is pegged to the price of the USD without ever actually holding any USD in collateral or transacting in the currency. As long as the Hive network exists and HIVE has value, then HBD works exactly the same. Currently, holders who store their HBD in the savings section of their Hive wallet can earn an extremely competitive stablecoin interest of 12%. ### 2. UST - TerraUSD Second on our list of best algorithmic stablecoins, you will find [Terra (LUNA)](https://leofinance.io/@crypto-guides/what-is-terra-luna-coin)’s premier stablecoin, UST. TerraUSD (UST) is the decentralised, USD-pegged algorithmic stablecoin of the Terra blockchain. A yield-bearing coin that is pegged to the dollar, UST is collateralised by the blockchain’s native token called LUNA. The value of UST fluctuates because it’s driven by supply and demand for both LUNA and the USD value. When UST trades above $1, LUNA holders are able to sell their UST at a premium for LUNA. The opposite is true when UST trades below $1, with LUNA holders able to buy back cheap UST with LUNA that is subsequently burned. What this mechanism does is ensure the price of UST is always returned to the equilibrium level of $1 USD. As you can see, the Terra protocol acts somewhat as a market maker for UST, restocking by inflating the native LUNA supply if the stablecoin system runs out of assets. Via the Anchor Protocol, UST also offers the highest stablecoin interest rate currently available at 20%. When traditional banks are serving ads promoting 1.5% interest rates as something special, this is a game changer. ### 3. FEI - FEI Protocol The third and final algorithmic stablecoin on our best of list, is FEI. Its aim is to be more capital efficient than its rival algorithmic stablecoins in the space by using the value that it controls to provide liquid secondary markets. By defending its peg directly in the market, FEI is another project that operates much more like a central bank than a classic retail bank. Using the Ethereum-based DEX Uniswap for all of its trading activity, FEI applies a strategy they dub reweighting to perform all required trades. FEI also offers direct incentives as another type of capital control to keep price pegged and stable. Ultimately however, the effect is exactly the same as what we just spoke about with UST, where the FEI protocol trades on the open market with the sole goal of pushing price back to its peg. One aspect of FEI that’s worth noting is that its not meaningfully overcollateralised and most of its assets are in crypto. This means that in a black swan event, the assets being FEI could drop substantially below their liabilities and leave the protocol unable to defend its peg. ### Final verdict on HBD’s place amongst the best algorithmic stablecoins As you can see, [Hive Backed Dollars (HBD)](https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd) more than holds its own when it comes to the best algorithmic stablecoins currently on the market. In a subsection of the crypto market that is about to be regulated into oblivion, there is honestly no point even talking about fiat-collateralised stablecoins such as Tether. The technology has moved past them and just like the regulators who are for some reason still hell-bent on going after them, need to adapt or die. Speaking of regulatory dinosaurs, algorithmic stablecoins such as HBD have meant that the game has well and truly changed. As the stablecoins in this list continue to mature and in the case of HBD, further stabilise, users will continue to shift across. Even at this point in the game, there is really no need to open yourself up to the centralised risks that will always plague Tether. Regulators would surely be much better served by going down the path of embracing the tech and truly supporting the citizens they’re tasked with protecting via education. But for now, they continue to chase shadows by going after collateralised stablecoins to ensure a set of irrelevant KPIs are hit. Best of probabilities to you. <br> --- <br> Direct from the desk of Dane Williams. Why not leave a comment and share your thoughts on the best algorithmic stablecoins within the comments section below? All comments that add something to the discussion will be upvoted. This Hive Backed Dollars (HBD) blog is exclusive to leofinance.io. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/best-algorithmic-stablecoins-hbd-an-underrated-gem)"
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5 virtual ops in this block.

df4641de

lolz.spt effective_comment_vote

`voter`	lolz.spt
`author`	saviib
`permlink`	tpycsrbk
`weight`	134,636,074
`rshares`	134,636,074
`total_vote_weight`	1,767,968,043
`pending_payout`	0.001 HBD

Jan 28 '22

a503a512

makeup.byely effective_comment_vote

`voter`	makeup.byely
`author`	irenenavarroart
`permlink`	what-remains-to-be-achieved-ladies-of-hive-community-contest-67
`weight`	4,700,270,511
`rshares`	4,700,270,511
`total_vote_weight`	17,413,042,701,136
`pending_payout`	19.398 HBD

Jan 28 '22

6aa00f85

joseantpp effective_comment_vote

`voter`	joseantpp
`author`	jesustiano
`permlink`	generational-differences-and-parenting-earrings
`weight`	5,088,071,922
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`total_vote_weight`	27,127,619,505,101
`pending_payout`	30.227 HBD

Jan 28 '22

virtual

smooth.witness producer reward: 0.251 HP Jan 28 '22

virtual

david67 comment_payout_update

`author`	david67
`permlink`	r61d1m

Jan 28 '22

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