RE: In a World of Uncertainty, HBD is Proving to Be The #1 Stablecoin
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One thing I'd love to see is a kind of "Haircut reversal" rule. That way, if there is a haircut, there would be a set of rules that mean everyone who lost out gets repaid their losses once things are back on a stable footing again. Not too early, just eventually.
But I'm still a huge fan of HBD 😀
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As long as you hold long enough for it to restabilize, you're fully compensated by the time you convert. It's only if you want out during the storm specifically that you get a haircut. In the meantime, you are compensated with a high rate of APR for holding through the storm.
Ah, thank you ! I guess I just assumed it was the kind of haircut used by the legacy banks, where they just take your deposits or issue worthless vouchers, and that's that. I plan to hold HBD in the very long term, so that's all good 😀
(As long as HIVE retains some value.)