RE: pHBD is 1:1 Backed with HBD On the Hive Blockchain | Mechanics Deep Dive by vimukthi

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hive-167922 · @vimukthi · Apr 24 '22

$6.36

>This is because of a major security flaw when it comes to oracles minting tokens - we learned this with WLEO V1 and that's why we utilize a non-minting setup.

This is great to know. But it does make me question what would be done when there is hundreds of millions of HBD being around after HIVE reach few dollars in valuation and our stablecoin reach wider adoption. I'm only seeing a 10,000,000 pHBD supply.

!PIZZA
!LUV

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👍 leo.voter, xplosive, rufans, khaleelkazi, mindtrap, saboin.leo
👎 xleo.voter

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@khaleelkazi · Apr 24 '22

$0.15

Many platforms like pancakeswap often migrate to V2 contracts when there is a need for some major upgrade. We can always upgrade pHBD to a V2 contract that has 25 million pHBD or 100 million for example.

The key to that is it requires manual migration so everyone will know it’s happening. It does require some work and logistics but it is an important part of growth. If pHBD starts nearing 9M pHBD issued, then we’ll see almost $18M in the liquidity pool. At that time, we would upgrade to V2

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@khaleelkazi/re-vimukthi-7rc1mg)

👍 taskmaster4450le, vimukthi

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@taskmaster4450le · Apr 24 '22

$0.07

Just start a pool of equal (or larger size) on BSC.

If there are 10 million HBD tied to the pHBD pool, then you are talking $20 million TVL.  Duplicate that across 5 or 6 chains.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-khaleelkazi-4y3e34)

👍 vimukthi

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@vimukthi · Apr 24 '22

$0.10

I'm completely in favor of this. Since there are many similarities with EVM chains, the process of relaunching on multiple blockchains should not be a daunting task. 
!PIZZA

👍 taskmaster4450le, xplosive

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4 replies

@vimukthi · Apr 24 '22

Thank you for the information. I love @taskmaster4450le's idea starting a pool on BSC. I'm not a programmer, but I assume most of the heavy lifting should already be done as you have launched on Polygon. __CUB is seriously looking left out at the moment. Some new launches on CubFinance will certainly bring smiles to many investors here.__ Thank you for all the hard work so far. It is such a pleasure to be with a project since the launch day and HODL for a long time to come. 😎🚀👍

Best of Luck!
!PIZZA

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