RE: Tethering Stable-Coin Liquidity
You are viewing a single comment's thread:
non backed stable coins can kill the crypto market for a long time ( Trust wise, the price I'm not sure about).
Tether can be a single point of failure to crypto, besides the money laundering law suite.
HDB and SBDs' biggest problem is, these are not scaling to demand coins.
DAI looks for me good ( ofc there are problems too)
Posted Using LeoFinance Beta
0
0
0.000
HBD is an amazing product that we can make x10 better than DAI.
All we have to do is make a few changes...
which I have outlined to @blocktrades in detail
might need to pump HBD to fast-track the idea and make it a priority.
The reason HBD has a huge leg up on DAI is that this network is more than comfortable letting debt go underwater into the red and instituting the haircut rule. DAI has to scramble a lot harder to maintain the peg and the collateral.
I know and I agree. I like HDB/SBD more too in general. The problem is the 1$ area + you cant get enough HDB/SBD on a larger scale.
It needs some lock-up mechanic for Hive to generate HDB. But because it has at the moment no real use case and I don't see any in the next time, I would prefer to remove HDB with Author/curation rewards on Hive.
Sure it's only possible with some Social Media Tokens in place.
Posted Using LeoFinance Beta