You are viewing a single comment's thread from:

RE: Why is the current interest rate of SBD at 0%?

in #steemit • 8 years ago

SBD is already trading at higher than its $1 USD target price. Paying interest would only exacerbate this problem. The interest rate is therefore set at zero partially as an attempt to restore the $1 USD target, or at least prevent additional drift higher from it.

8 years ago in #steemit by
$0.00
    1 vote
    Reply 3
    Sort:  
  • Trending
    • [-]
     8 years ago  

    Why is the STEEM Backed Dollar trading for more than one dollar?

    $0.59
    • Past Payouts $0.59
    • - Author $0.49
    • - Curators $0.10
    2 votes
    Reply
    [-]
     8 years ago  

    Nobody is really sure why, but its been trading at nearly double the target (so...$2). The only answer I can give as to why is "supply and demand".

    [-]
     8 years ago  

    Up vote for "supply and demand", for sure.

    $0.61
    • Past Payouts $0.61
    • - Author $0.55
    • - Curators $0.07
    1 vote
    Reply