XHV is one of the rare projects with a great team and things are developing and a great time! This morning I bought some XHV and I'll be doing it until the end of this month! Waiting for good things here. Haven applications will be very interesting and more interesting will be the market reaction, the Top 100 CMC will be a simple reality.
I think their heart is in the right place, but unless I missed something and the way they plan to implement their stable coin changed, there are some serious problems with their approach. I'm not even going back to the oracle problem again, which I still think is mostly unsolved (not only for XHV, but for any project).
Here is what I wonder and what hasn't really been explained well enough:
The main preimse is that if I "offshore", say, 500 XHV and when I want to "onshore" them and the XHV price halved, I get 1000 XHV back. To actually extract the value, I would need to market sell them, but this only works if there is enough liquidity. XHV is critically dependent on becoming a high marketcap, highly traded cryptocurrency, because if they are not, there is no way to onshore decently big funds without losing most of their value. And this means that one of their main premises, that users are able to safely store value without the risk of volatility simply doesn't work. I mean, if I offshore XHV, I am essentially taking a bet that XHV will stay relevant in the future. And, well, if I buy any coin, I am making the exact same bet.
I realize that they now have a two tokens approach, but I assume the way the stable tokens are backed hasn't changed. Which keeps all the issues they had before still intact.
As I said, maybe I missed something, so if I did, feel free to correct me. But don't gat back with the usual "team is working on it, no worries" nonsense.