Wanted to check with you one idea regarding liquidity. What do you think about the hbdstabilizer becoming a market maker? So it would monitor the price of Hive and always place large HBD buy orders for slightly under $1.00 and large HBD sell orders for slightly over $1.00. This way, people going to the internal DEX would see that there is liquidity and they can always buy or sell their HBD, essentially paying a fee just like they would if they used a liquidity pool. By providing the liquidity at a slightly disadvantageous price, the hbdstabilizer would essentially fulfill the functions of a liquidity pool, and bring the profits back into the network.
This would also have the effect of pulling Hive out of circulation, helping it maintain price and essentially helping HBD maintain the peg. The more HBD bought and sold on the DEX, the more profit for the network, upward pressure on the price of Hive, better backing of HBD.
I guess the hbdstabilizer already makes profit for the network, I am just thinking that only expert traders are able to use the DEX for any larger amounts, whereas if large buy and sell orders are always there, ease of use increases greatly and far more people would be able to make a trade and have their order fulfilled right away.
By the way, congratulations on HBD maintaining the peg during the market downturn, an incredible achievement. Thank you for doing this work.
RE: How Is The HBD Liquidity Doing? | Data On HBD Liquidity And Trading Volume