RE: Splinterlands DAO - 500k HBD purchase proposal not passing
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Putting and locking HBD in savings is something every project on Hive 'should' be looking into more (and be doing) in my opinion.
- Users can literally see how much value the project holds/backed by
- This gives valuable insight to investors
- It encourages to create a "Put your money where your mouth is" mentality for projects build on top of Hive
- It is a pool of rewards for both users, and/or burning options
- It is helping to bring more HBD in circulation, helping the ecosystem of Hive (adding more liquidity)
- It could also help Hive survive in heavy bearmarkets, by purchasing Hive (haircut/debt ratio)
If I ever will start a project build on top of Hive, I certainly will allocate a percentage to HBD savings.
I did not know bHBD is not backed by HBD holdings, wow. That explains why my HBD was stuck for a while.
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Well, I would agree, but it seems the liquidity on the internal market can only cover smaller buys.
We should look into creating liquidity pools. How to do it, is a question.