For a pegged token like $HBD, volatility is anathema. We must do everything we can to minimize volatility.

The best way to do that is to garner lots of investment that ain’t going anywhere, such that daily trading is tiny relative to total supply, so no single trade moves the price, even a little.

Maybe I have it wrong, but isn't market liquidity what matters in that case? Thin liquiditiy creates conditions for volatile moves. If big chunk of supply is frozen in bonds/saving, then still we have environment of thin liquidity on the market. Unless the thinking here is, the bigger general supply of HBD, the more market liquid HBD, even if it's still tiny part of general supply.

There is another delicate balance to be taken into consideration. Real value brought by infrastructure, network effect, community and perceived future value express in the price of $HIVE versus debt based, artificialy inflated value of financialized side of HBD. We can observe how current global financial markets depegged from real economy and asset value of derivatives is many times greater than economy. The tail wags the dog. This dynamics is destined to be doomed, and smaller ecosystems are more fragile here. Once again, I don't say it's a case right now. I think idea of HBD trampoline for HIVE price is within reason, but toying with layer 1 needs to be considered very carefully. Changing it often and rolling back developments in case of toxic dynamics lower credibility of the chain.

It's something to watch and take into account while considering financial developments.