In order to maintain the operation of a crucial component of Hive's financial infrastructure, I am pleased to announce the renewal of the HBD Stabilizer proposal for the upcoming two months. This proposal ensures the continued support of the Hive Backed Dollars (HBD) price stability, a key aspect in promoting the overall economic health of our blockchain ecosystem.
The HBD Stabilizer is instrumental in mitigating price volatility and reinforcing the financial strength of the Hive network. This tool has consistently proven effective in sustaining economic stability, as outlined in 
The HBD Stabilizer is an important tool to maintain the Hive Backed Dollars (HBD) price stability. It serves as a significant mechanism in ensuring the stability of our blockchain's economy.
The entire budget sent to the stabilizer is used for trading in accordance with its charter before being returned to the DHF.
If HBD exceeds the target value, the stabilizer sells HBD to try to reduce the value, which also generates a profit for the stabilizer and the profit is returned to the DHF. If the value is more than $1.05, the stabilizer will also start to convert HIVE into HBD, which removes HIVE from circulation and also produces more HBD that can be sold potentially with a profit for the community.
By mitigating the HBD price volatility, it has contributed to the financial health and robustness of the Hive network. You can read the details provided in
The current proposal (#347) will soon reach its expiration. I urge every member of the Hive community to show their support by voting for the proposal's renewal.
Your support and participation are important for maintaining the financial stability of our blockchain. Every vote contributes to the effective operation of this service.
This renewal will carry the same terms as before, with the proposal running for the next two months and requesting the same funding amount from the Decentralized Hive Fund (DHF) directed to the designated beneficiary.
This proposal is planned to run for the next 2 months and will mirror the current terms, requesting the same amount of funding and directing the funds from the Decentralized Hive Fund (DHF) to the same beneficiary.
Let's collaborate to enhance the stability and prosperity of our Hive network.
Thank you for your support.
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