
HBD stabilizer proposal
Please review my earlier request for comments post on this topic. The details of the proposal are primarily contained within that post.
Per feedback from @marki99, I have made one adjustment: We will table LOW (situation where HBD is below 1 USD) for now. Instead, any time HBD can not be sold for >1 USD, the HBD will just be sent back to the DAO. There are various complications brought up with the sliding peg when the debt limit is reached (resulting in a "fair value" of HBD below 1 USD), and overall, as
@marki99 points out, under-peg situations are already reasonably well-handled by the structure and incentives. It is the upper peg which is the most serious deficiency, so it is being prioritized. We may revisit below-peg situations later.
The proposal will pay out to, and the stabilization process will occur within, the account @hbdstabilizer.
Donations (including beneficiary) may be made to that account, and will be used to stabilize HBD upon receipt (if needed) and then the proceeds donated to the DAO.
The initial proposal is being submitted to run for an initial period of 90 days. If conditions dictate, we may submit a revised proposal sooner (for example with a higher budget). If not, then the situation will be reevaluated after 90 days and a renewal may be submitted at that time.
Proposal number is 158
100% of rewards will be donated to @hbdstabilizer
Leave HBD stabilizer proposal to:
Read more #stabilizer posts
Best Posts From smooth
We have not curated any of smooth'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 smooth
- HBD stabilizer proposal August 2025
- HBD Stabilizer May 2024
- HBD stabilizer update November 2023
- HBD stabilizer evolution May 2023
- HBD stabilizer continuation September 2022
- HBD stabilizer continuation March 2022
- Fee reimbursment for HBD stabilizer proposal
- HBD stabilizer continuation and increased funding
- HBD stabilizer downtime (now resolved)
- HBD savings is paying 10%