So HBD just pumped to more than a 3$
Whenever this happens the arbitrage will happen from all available HBD pools, but most of it will come from the stabilizer, effectively removing and locking HIVE in the DHF
https://twitter.com/Dalz19631657/status/1551452639967301632
- Dalz19631657
This kind of price movement for HBD hasn't happen in a while, and what is interesting is that this time there is the polycub pHBD pool on Polygon.
This pool was also arbitraged fast and equilibrium was reached.
The only one remaining one now is the Ubpit on Korea, that is limited to Korean KYC users only.
There are few accounts that are making arbitrages on that exchange on regular basis and I expect HBD to reach the peg soon.
The @hbdstabilizer has more than 160k HBD budget daily, and while Koreans can pump millions in few hours in a trading pair, this is just not possible to be sustained and will be short lived, with most of the arb profits ending in the DHF. The same goes when HBD is bellow the peg as well.
If you had some liquid HBD and made the arb, congrats to you :).
Most had it in the savings where it is locked for 3 days. Cant blame them as these HBD pumps are very rare these days.