Renewal of the HBD Stabilizer Proposal
To keep a vital part of Hive's financial infrastructure running smoothly, here is the renewal of the HBD Stabilizer proposal for the next two months. This initiative continues to support the price stability of Hive Backed Dollars (HBD), which plays a key role in the overall economic health of our blockchain.
About the HBD Stabilizer
The HBD Stabilizer is a critical tool for reducing price volatility and strengthening the Hive network's financial resilience. It has proven effective over time in maintaining stability, as detailed in @smooth's earlier updates.
All funds sent to the stabilizer are used exclusively for trading according to its charter, with any resulting HBD or profits returned to the Decentralized Hive Fund (DHF).
- When HBD trades above the $1 target, the stabilizer sells HBD to bring the price down, often generating profit for the community.
- If HBD exceeds $1.05, it also converts HIVE into HBD, removing HIVE from circulation while creating additional HBD that can potentially be sold for profit.
By helping to stabilize the HBD peg, it supports the long-term robustness of Hive's economy. For more details on its goals and track record, check out @smooth's posts: [1] [2] [3]
Community Call to Action
The current proposal will expire soon. I encourage every Hive community member to vote in favor of this renewal to keep the stabilizer active.
Your votes are essential to sustaining this important service and protecting our blockchain's financial stability. This renewal maintains the same terms as before: same funding level from the DHF, directed to the same beneficiary (@hbdstabilizer).
Thank you for your continued support!
Support This Proposal:
- Vote for the proposal (#367) on Peakd.com
- Vote for the proposal (#367) on Ecency
- Vote for the Proposal (#367) on Hive.blog
- Vote for the Proposal (#367) using HiveSigner
Thank you!