(Edited)

You are viewing a single comment's thread:

What if the witnesses raise the HBD interest to 10000% for one minute, issue a bunch of one year bonds before lowering the interest rate back?

hive-167922
4
0
0.019 NEOXAG
3 comments
(Edited)

If u need HBD liquidity, and if there is demand for it, Hive holders will simply convert Hive to HBD. Then it’s 100% backed by hive. No need for crazy interest rates in this case. I.e. when there is a demand for HBD, hiveans will simple create the HBD themselves using the hive they have.

1
0
0.002 NEOXAG
Reply
(Edited)

But you bring up a valid point. There could be a cap of increase coded into the time vault to prevent manipulation in such a way.

1
0
0.002 NEOXAG
Reply
(Edited)

To start, that would have to be consensus.

Secondly, the bond itself goes through a second layer application so it would take time to do that.

Of course, any other created at the same time would fall under the same situation.

0
0
0.000 NEOXAG
Reply