Viewing a response to: @yabapmatt/re-howo-r5tjzb
Do you mean that the interest on HBD savings will stop if the debt ratio is reached?
| author | sepracore |
|---|---|
| permlink | re-yabapmatt-r5tkkc |
| category | hbd |
| json_metadata | {"tags":["hbd"],"app":"peakd/2021.12.1"} |
| created | 2022-01-16 20:21:48 |
| last_update | 2022-01-16 20:21:48 |
| depth | 2 |
| children | 2 |
| last_payout | 2022-01-23 20:21:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 85 |
| author_reputation | 19,888,382,618,059 |
| root_title | "Would you consider storing a significant part of your net worth in HBD ?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,547,915 |
| net_rshares | 0 |
No. It's the fact that if the price of HIVE goes way down to the point where the debt ratio between HIVE and HBD is below the haircut rule, the you no longer get 1 dollar worth of HIVE from your HBD when you convert it on-chain, you get less (proportionately to how much lower HIVE is in value). That means you could risk seeing your HBD fall down to something like $0.75, which would obviously ruin your gains if you sell at that price. Thankfully, the current value of HIVE is quite a lot higher than where this becomes an issue, but that may not always be the case if we go into a harsh enough bear market.
| author | fredrikaa |
|---|---|
| permlink | re-sepracore-r5tpah |
| category | hbd |
| json_metadata | {"tags":["hbd"],"app":"peakd/2021.12.1"} |
| created | 2022-01-16 22:03:51 |
| last_update | 2022-01-16 22:03:51 |
| depth | 3 |
| children | 1 |
| last_payout | 2022-01-23 22:03:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 611 |
| author_reputation | 310,528,541,043,341 |
| root_title | "Would you consider storing a significant part of your net worth in HBD ?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,550,438 |
| net_rshares | 0 |
Would an internal AMM solve this? Instead of using the on-chain conversion mechanism, the internal market could be use? What are your thought @edicted? I feel like this is something we need to do.
| author | sepracore |
|---|---|
| permlink | re-fredrikaa-r5tpqz |
| category | hbd |
| json_metadata | {"tags":["hbd"],"app":"peakd/2021.12.1"} |
| created | 2022-01-16 22:13:48 |
| last_update | 2022-01-16 23:27:00 |
| depth | 4 |
| children | 0 |
| last_payout | 2022-01-23 22:13:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 198 |
| author_reputation | 19,888,382,618,059 |
| root_title | "Would you consider storing a significant part of your net worth in HBD ?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,550,623 |
| net_rshares | 0 |
hiveblocks