RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC
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It's quite easy to buy six figures of HBD, but you need to be willing to pay a small premium. The HBD stabilizer will sell to anyone who bids over $1 and it has a budget of over $150K per day.
If you want to snipe cheap HBD under $1 then it is much slower process depending on market conditions, I agree. There hasn't been much HBD selling recently. Wonder why...
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How much of a premium is it right now? Also, where do you buy this? Is it on the internal exchange?
Admittedly, I've never dived deep into the mechanics of the stabilizer. I arbitrage into an HBD position slowly with bots every single day.
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It buys on the internal exchange, but there are many (as in dozens) of arbitrage bots that would make the same trade on other exchanges.
I think the cutoff has been 1.01 but I've considered reducing it. But paying 1% over shouldn't be too bad for the purpose of holding for interest.
Okay as an experiment I changed it to +0.5% for now. I'll see how that works for a while and decide whether or not to make it permanent.