RE: Signalling for 20% HBD interest
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Interest isn't affected by haircut but if conditions called for it witnesses could consider changing the rate including to zero. That might or might not be a good idea since it would reduce supply but could also discourage people from holding their HBD and make it harder to recover.
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Cheers, if we were going to vary the 20% in any way it would need to be VERY clear I think under what conditions it can vary, easier to just keep it the same!
It can vary under any conditions. It is not a "promised" rate. This should always be made clear.
I wonder what the implications are of this for attracting new investors... It's an interesting stable coin HBD, that's for sure!