RE: Splinterlands DAO - 500k HBD purchase proposal not passing
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There is enough liquidity to enter and exit a 500k HBD position by using the internal Hive DEX. It can take a bit of time but completely doable. If you put buy orders at a little bit above market price (like 1%), they'll get filled. Same for sell orders.
Another option is to buy Hive and convert to HBD for a 5% fee. Then you can always convert the HBD back to Hive for no fee. If you use a liquidity pool in both directions, wouldn't the total fees come up to something around 5% anyways? The conversion option gives you all the liquidity you want, liquidity can't be the issue here.
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It is doable but you need to be able to do larger sells and buys as is the case here. I wont look at the internal market right now but a 500k buy would move the price significantly. Getting in and out easily is a must.
This I cant answer. There is too much ambiguity about those conversions for my liking. Subject to a 3.5 day median price... I never used that myself.
Since it is a long term position, risks are low. Because 20% APR would recover any potential losses from initial acquisition of HBD in no time. So it doesn’t matter how you obtain, internal market or conversion. If there are losses, wait until they are recovered and then implement token buy back program.
I am pretty sure that no investor wants to incur initial losses when buying a stablecoin.