Yeah but HBD can destabilize also. I see no difference only some different parameters.

( i only look at quality at the stablecoin)

If on Haircut limit and market drop 50%, HBD token loss 50% in value.

will someone convert here? probably not.

Hold?

market drop more? Who bails out? Nobody. A same result like luna with the difference it doesn't damage that much underlining asset.

The underlying asset ( hive) gets shredded on a slow and long drop

Our Attack vector is hive price. If we have for example 1 Billion HBD and Hive is at 10$ + ( increased HC limit to 25%).

Or 40$, what you like more. If price drop 50% at this point HBD is dead. Trust is gone. And a death spiral because of lost trust would also start.

Where is here any difference?