Ha you and all the big whales know that the SBD peg is a lie.
If BTC or STEEM continue to go down in a big way the peg breaks.
We are at %4.2 SBD circulation vs marketcap now. After 10% conversion amount starts to degrade.
By 20% debt ratio converting an SBD will only get you $0.50 worth.
Just going to sit back and watch the sheep get fleeced.
You shouldn't assume.
And yes - that's how the debt rate works. If STEEM markep cap continues to rise, the debt will sink again.