good-karma avatar

Return to stabilizer

good-karma

Published: 09 Apr 2021 › Updated: 09 Apr 2021Return to stabilizer

Return to stabilizer

Just wanted to share simple script and possibly encourage other proposal creators to consider running this or similar script that will help the peg.

hbd-hive-stabilizer

HBD return

We don't know how long HBD will be above the peg, so it is natural for DHF/proposals to adjust and return HBD back to stabilizer that will help the peg and decrease the supply of HIVE while continue to fund some projects. Also projects could continue to evolve, develop, attract more developers and people... For most proposals/labor/infrastructure costs are still based in fiat so the risk is minimal and this script only sends back if peg is above $1.

Choice is ultimately yours and it is based on trust. We are going to run this script in all our proposals until reasonable correction to the peg.

https://github.com/ecency/hbd-return

This simple script is written in nodejs that will calculate reward received for entire day and send the difference above peg to hbdstabilizerHive account@hbdstabilizer. If you find any issues or want to improve it, feel free to submit PR or suggestions. We could add configurable threshold, send from multiple account and other settings...

Edit: New environment parameter PERIOD (how often return) and THRESHOLD (peg percentage threshold) is added, now you can specify those values accordingly.

Let me know what do you think?

Support our proposals

Ecency | Hivesearcher | Hivesigner

Leave Return to stabilizer to:

Written by

Witness - Founder of Ecency, Hivesigner, Hivesearcher, Hivexplorer

Read more #hive-139531 posts


Best Posts From good-karma

We have not curated any of good-karma's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From good-karma