HBD Updates Post-HardFork 26 on Hive | Quick, Non-Technical Breakdown of the Changes

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    khaleelkazi

    Published on Oct 19, 2022
    About :

    In this clip from the Weekly LeoFinance AMA, we break down the changes on HBD that happened in the latest Hardfork - HF26 - on the Hive blockchain.

    HBD stands for Hive-Backed Dollar and is an algo-stable coin on the Hive blockchain.

    In the latest HF, a few changes were made to how HBD works in an aim to achieve more wide adoption for the stablecoin.

    In this clip, we cover:

    • The HBD haircut: Ausbit’s website to track data
    • Debt ceiling change from 10% to 20%
    • Relationship of Hive’s MCap with HBD and conversions mechanic logic
    • Terra’s example of debt growing too large
    • Debt is good if managed correctly because HBD needs more liquidity to get adopted

    About LeoFinance

    LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

    Our mission is to put Web3 in the palm of your hands.

    Twitter: https://twitter.com/FinanceLeo
    Discord: https://discord.gg/E4jePHe
    Whitepaper: https://whitepaper.leofinance.io

    Our Hive Applications

    Join Web3: https://leofinance.io/
    Microblog on Hive: https://leofinance.io/threads
    LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
    LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
    Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
    Hivestats: https://hivestats.io
    LeoDex: https://leodex.io
    LeoFi: https://leofi.io
    BSC HBD (bHBD): https://wleo.io/hbd-bsc/
    BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
    Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

    Web3 & DeFi

    Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

    CubFinance (BSC): https://cubdefi.com
    PolyCUB (Polygon): https://polycub.com
    Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

    Tags :

    leofinance web3 leo blockchain crypto polycub cub polygon bsc ctp proofofbrain oneup vyb palnet neoxian

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