Renewal of the HBD Stabilizer Proposal for Q2-2025
To maintain the operation of a crucial component of Hive's financial infrastructure, I am pleased to announce the renewal of the HBD Stabilizer proposal for the upcoming Q2-2025. This renewal ensures the continued support of Hive Backed Dollars (HBD) price stability, a key aspect in promoting the overall economic health of our blockchain ecosystem.
Previously, as @smooth was too busy to handle it, I undertook the management of this proposal to prevent any disruption as the existing proposal was nearing expiration. Together, we continue to demonstrate our shared commitment to upholding a stable and resilient economy.
The HBD Stabilizer
The HBD Stabilizer is an important tool to maintain the Hive Backed Dollars (HBD) price stability. It serves as a significant mechanism in ensuring the stability of our blockchain economy.
The entire budget sent to the stabilizer is used for trading by its charter before being returned to the DHF.
If HBD exceeds the target value, the stabilizer sells HBD to try to reduce the value, which also generates a profit for the stabilizer, and the profit is returned to the DHF. If the value is more than $1.05, the stabilizer will also start to convert HIVE into HBD, which removes HIVE from circulation and also produces more HBD which can be sold, potentially with a profit.
By mitigating the HBD price volatility, it has contributed to the financial health and robustness of the Hive network. You can read the details provided in @smooth's post for more insights into the project's objectives and achievements ([1] [2] [3]).
Community Call to Action
The current proposal (#334) will (very) soon reach its expiration. I urge every member of the Hive community to show their support by voting for the proposal's renewal.
Your support and participation are important for maintaining the financial stability of our blockchain. Every vote contributes to the effective operation of this service.
This renewal will carry the same terms as before, with the proposal running for the next two months and requesting the same funding amount from the Decentralized Hive Fund (DHF) directed to the designated beneficiary.
This proposal is planned to run for the next 2 months and will mirror the current terms, requesting the same amount of funding and directing the funds from the Decentralized Hive Fund (DHF) to the same beneficiary.
Let's collaborate to enhance the stability and prosperity of our Hive network.
Thank you for your support.
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