By my estimates, HBD interest is costing around $100k per month and the peg another $100k to maintain. According to Dalz, $21M HBD cumulative has been spent maintaining the peg since Nov21, thats quite big compared to the current market cap. I do wonder if it would have been better to back HBD with short term US treasuries instead of Hive as this would bring real fiat cashflows into the Hive ecosystem.