HBD compounds every 30 days. The interest from HBD is actually a bit higher than you stated.

Another interesting aspect of HBD is that whenever the price of HIVE drops significantly, many players convert their HBD to HIVE.

In the last two market dips people converted over a million HBD into HIVE. I suspect that, if we saw the price of HIVE fall below $0.2, we could see 3 to 4 million HBD converted to HIVE. This would decrease the market cap of HBD and increase that of HIVE.

Ausbit says the haircut will happen if HIVE drops to $0.0783.

But, if people converted their HBD to HIVE, then the HBD/HIVE ratio would change and the haircut probably wouldn't kick in until the price dropped below $0.05.

!PIZZA