In this clip from the Weekly LeoFinance AMA, we break down the changes on HBD that happened in the latest Hardfork - HF26 - on the Hive blockchain.
HBD stands for Hive-Backed Dollar and is an algo-stable coin on the Hive blockchain.
In the latest HF, a few changes were made to how HBD works in an aim to achieve more wide adoption for the stablecoin.
In this clip, we cover:
- The HBD haircut: Ausbit’s website to track data
- Debt ceiling change from 10% to 20%
- Relationship of Hive’s MCap with HBD and conversions mechanic logic
- Terra’s example of debt growing too large
- Debt is good if managed correctly because HBD needs more liquidity to get adopted
https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo Discord: https://discord.gg/E4jePHe Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com PolyCUB (Polygon): https://polycub.com Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
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Return from HBD Updates Post-HardFork 26 on Hive | Quick, Non-Technical Breakdown of the Changes to khaleelkazi's Web3 Blog
