After the recent deppeging on the upside, that was short lived HBD is now on the up again.
This one seems to be even more short lived.
Hivers are getting fast with arbitrages and conversions :)
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Hopefully we don't get this happening on the downside even though the upside dose not define it as a stablecoin.
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If it is stable for 99% of the time its good enough... users just need to be patiance for a day and that is
Well, on the downside arbitrage will happen too. The hbd stabilizer fund and the liquidity pools on Binance smart chain and Polygon help a lot with that.
Each time arbitrage successfully returns to the peg, it builds trust and next time more people and arbitrage bots will take part in getting back to the peg, while making good profit.
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Hbd arbitrage is getting more and more effective and some people are making good returns on it.
I was mostly asleep but managed to jump on and swap a bit of pHBD for USDC at 1.11. I really must remember to keep $1000 HBD sitting over there going forward just to dump on the pump...
I won't even try, there's not way that I can't find a good use for 1k HBD :D
I believe the bull market is around the corner and we should all be prepared for it.