Thank you for writing this. You did explain to me over chat, but having it as a post helps me to point this post to others, because there are several people asking me off chain as well.

The way I see it, is exptremely simple. We need a stable coin, as we run our DHF operation with it. We need to peg it at $1, otherwise very quickly all approved DHF projects will get huge amounts of additional money for no reason. The mechanism you described, buys Hive by selling HBD. That alone should increase buying pressure on hive and selling pressure on HBD, which is what we want.

We want a higher hive price and a $1 pegged HBD. It is as simple as that.