If we talk about the external markets, yes I have seen it going as low as 92 - 93 cents, back in November 2022, when FTX happened.

This is mostly becouse of the 3.5 days conversions and the market risk that the hive price has in the period.

I'm thinking we should maybe implement the same mechanics as the conversions on the upside that were implemented later, and provide 50% instant liquidity. Those seems more efficient.