The most important issue is not to allow an oversupply of HBD which can be terrible in a bear market.

I think we should find a way of lowering the haircut ratio in a bull market to limit HBD printing, and then elevate the ratio in a bear market to prevent the death spiral.

5% going down to 1% if hive goes above $10 this year for the haircut ratio.

30% haircut ratio when the price is low and consolidating in the bear market.

At $10 HIVE the marketcap would be around 4 Billion USD. That means a 1% haircut ratio will limit printing when the supply of HBD reaches 40 million HBD. This feels like a lot if we get another big crash.

If there is a way to limit HBD printing without using the haircut ratio that is fine too.