Thanks to share how the HBD haircut works. The price of 0.036$ usually changes while the token prices drops that's a little confusion do you know why? We're getting closer to the number, I read somewhere that in the past it was 10% of debt, then it increased and now it's almost happening again. If for whatever reason BTC prices drops again, we could see hive prices going even lower. What I fear is something similar to the death spirral happening here, but the sistem hive has will deppeg to prevent it from happening I think...

One thing that could be done is having a flexible interest rate for HBD in this cases to prevent a huge sell and a big rise in the hive supply overnight.