Thanks for the info. I have a question about the conversion of Hive to HBD.

The following paragraph mentions a 'corrected price feed'. I wasn't aware that this existed and am interested to know what this phrase means - do you have the calculations/process for the 'correction'?

To perform this conversion, the blockchain uses the median price feed provided by the witnesses. When the debt ratio exceeds the hard-limit, the HIVE price used for the conversion will no longer be the median price feed but a corrected price feed.

The next paragraph seems to describe a situation where the Hive price has become so low that converting lots of HBD to hive would result in them owning a huge amount of Hive, but wouldn't that effectively result in the devaluation of HBD on the markets? Wouldn't that then result in HBD crashing to as relatively low a level as Hive has hypothetically done? Or is the assumption that if the Hive price chrashes then HBD will also crash and therefore nudging HBD to crash in order to somewhat protect the Hive price is the best option?

The aim is to limit the effective price to force HBD to remain at or below the hard-limit threshold of the combined market cap of HIVE and HBD. This way, we can protect the blockchain by preventing individuals with a lot of HBD to take advantage of a sharp decline in the HIVE price to make in-chain-but-out-of-market conversions to HIVE and take over the blockchain.

It would be best for HBD in some senses if it were not reliant on the price of Hive, though I guess that's hard to avoid. It should be made clear to investors in HBD that the stability of it's value is directly tied in to the value of Hive, since that is not obvious.