I'll start this post by asking if these questions, why are you still creating contents on a daily basis amidst the current dip season that's affecting all cryptocurrencies? Is the hive blockchain not part of the crypto market facing the dip?
Hive blockchain means so many things to many people and what you take the blockchain to be that's what it's to you. Most people have been relegated to the background and are already discouraged because of the current dip season, but only the resilient will prevail in times like this.
With the current dip season, most blockchains are suffering because they don't backup funds to support their existing users. This is because they either don't have a stablecoin that's strong and built on a commercialization network rather than on financialization model.
One of the major challenge facing TerraUSD (UST) is that it built it's stablecoin on financialization model rather than in other commercialization networks that can help it standout during dip seasons.
In the past, TerraUSD (UST) have the envy of many algorithm stablecoins, because of the successes it has made overtime, but there was a made problem, which is no backup funds to support users in times like this (crash). This can be traced to a multi-causal factors.
50/50 Hive Payout System a Model to Emulate
Hive payout system is very unique in its own and this payout model is actually profitable to Hivers during all seasons in the cryptoverse. This is because, during dip seasons, the HBD payout becomes the saviour of users, while during bull season, the hive and HBD are equally relevant and profitable to users.
Hive Backed Dollars (HBD) are the Hive Blockchain’s stablecoin.
Supported by the Hive network’s ability to convert HBD into $1 USD worth of HIVE crypto at any time, they provide a unique solution to the (soon to be) highly regulated stablecoin space.Source
Since HBD is converted at $1 USD at anytime, it keeps the stablecoin at par with the USD, which gives content creators the opportunities to still make earnings at any seasons in the cryptoglobal.
However, the HBD stabilizer has it's part to play in order for the stablecoin to remain in a good shape that'll benefit the entire hive blockchain.
Since the HBD Stabiliser mechanism has been put in place, you can see on the following CoinGecko chart that price has been trading in the 95c - $1.05 range.Source
pHBD helping the native to serve better
In most recent times, the Hive Witness took a unanimous agreement that have changed the face of HBD by increasing the interest on HBD savings from 12% to 20% APR, which led to the innovative idea of pHBD-USDC vault.
pHBD-USDC vault offers the the entire hive blockchain the opportunity to earn a whooping 40% APR just for wrapping HBD into pHBD on the polygon network.
This addition (pHBD-USDC vault) to the qualities of the Hive Backed Dollar (HBD) pegged at $1 USD, is capable of helping Hivers to survive any season in the cryptoverse.
Finally, trading HBD at $1 USD during this current dip season, have reduced the impact of the crypto market price on content creators on the hive blockchain. This to me is a bail out finding system on the hive blockchain.
Posted Using LeoFinance Beta