There is a discussion right now about the Splinterlands DAO selling their stablecoin holdings and purchasing and staking HBD for its 20% APR and using those returns to purchase and burn their own assets like DEC.
Right now the proposal is overwhelmingly not passing, mostly due to fear of low liquidity from what Ive seen. HBD isnt listed on any major exchanges besides Upbit and the value can fluctuate.
The biggest issue seems to be the lack of an incentivized liquidity pool. There has been hype around the PolyCub HBD liquidity pool headed by the guys behind LeoFinance but apparently there is an issue with it, which was news to me until a few guys mentioned it and it was mentioned by one of the creators of Splinterlands on Hive as well. more recently.
So people are aware of it.
I am very curious to see LeoFinance expand on this further to see what the issue is. Not being able to convert bHBD into HBD seems to be a major problem.
They dont have it.
How can they "not have it"? It says theres 13k USD in the PHBD/USDC pool. Shouldnt there be an equivalent of the pHBD existing on Polygon to HBD available for conversion on Hive?
I sincerely hope that there is a solid explanation to what is happening.
Going back to the HBD question on Hive. I would really like to see what solutions can be presented forth to deal with the liquidity issue for HBD. Its obviously an attractive token to hold for many people yet we see very little offered in terms of upgrading its position.
This is out of my knowledge purview so Id like to see what it is we can do to make HBD a go to choice.
We have seen a lot of people like or
discuss the massive potential of HBD but yet, when HBD is put on the spot, offered directly as a choice, it is found wanting.
How can we, in the short term deal with these concerns?