Viewing a response to: @taskmaster4450/why-hive-is-protected-unlike-waves-and-hive-saving-bond-as-a-defense-mechanism
I had been holding Waves since 2017 and I enjoy the products of Waves blockchain. On the other hand, I had some investment in Vires until the day I received %104 APR for my stablecoin investment. What happened in the blockchain was the shorting campaign by Alameda team (FTX Exchange) according to Sasha, the founder of Waves. The FUD was created via depegged USDN (around it was $0.97) but there is another token on Waves named NSBT to stabilize the peg on https://neutrino.at/. Both FUD and the drop in price took the problem into another level when Sasha shared a proposal to liquidate Alameda's $80M of USDC USDT investment. Long story short, the vulnerable mechanism and low liquidity of the peg was destroyed with FUD and manipulation (according to Waves team). Hive does not have such risks as the inner mechanism is already built considering such actions as you mentioned. I think more use cases for HBD and more stablecoin pools will help us keep in stable on CEXs, as well. ✌ Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@idiosyncratic1/re-taskmaster4450-yf7be)
| author | idiosyncratic1 |
|---|---|
| permlink | re-taskmaster4450-yf7be |
| category | hive-167922 |
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| created | 2022-04-05 16:05:27 |
| last_update | 2022-04-05 16:05:27 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Why Hive Is Protected Unlike Waves And Hive Saving Bond As A Defense Mechanism" |
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| taskmaster4450le | 0 | 70,822,195,619 | 4% |
Thanks for the clarification. I did not know the details, only go based upon what is out there. The key, as you mentioned, is there are mechanisms built into Hive that are helpful in defense of the chain. For this reason, we are standing on firm ground. Of course, we have to be ever mindful of pitfalls and do what we can to help in preventing them. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-idiosyncratic1-5hztgh)
| author | taskmaster4450le |
|---|---|
| permlink | re-idiosyncratic1-5hztgh |
| category | hive-167922 |
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| created | 2022-04-05 16:15:39 |
| last_update | 2022-04-05 16:15:39 |
| depth | 2 |
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| root_title | "Why Hive Is Protected Unlike Waves And Hive Saving Bond As A Defense Mechanism" |
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