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TL:DR;
Ethereum smart contract capabilities are coming to HIVE because Hive.Loans needed to find a way to decentralize their lending contracts. Decided that everyone should be able to use this sidechain and that HIVE will be it's base currency for gas fees.
Any ethereum smart contract code will be able to be deployed to the sidechain with some minor modifications.
All the perks and features of Ethereum at 0.01% the cost. ERC-20 style tokens, mining with HIVE rewards and properly decentralized "DeFi" applications for anyone wishing to use it. Seems like an overall win for Hive.Loans and the community!
RE: Implementing a Truly Decentralized Solidity Smart Contract Capable EVM (Ethereum) Side-Chain to HIVE and the Future Decentralization of the Hive.Loans Chain Moving Forward.