Thanks! By "it is confusing in a lot of ways" what do you mean by that? Do you mean my post is confusing? Or the reasons for SBDs trading >$1.00? Or the intricacies of the system? Sorry for all the questions, I just want to make sure I understand what you mean.
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I'm just saying it is confusing for people that SBD has went up to where it is and has stayed up. The interest on SBD has been adjusted to $0 so there is less of an incentive to hold it as well.
Ah I see. Yeah, that is confusing! I've put a lot of thought into it over the past month, and now I think I understand why it's happening.