Interesting. I just don't see why SBD should ever trade above $1 either. So I am just always expecting it to go to 1 and stay there.
Interesting. I just don't see why SBD should ever trade above $1 either. So I am just always expecting it to go to 1 and stay there.
Tether can stay at around 1$, because they can instantly increase or decrease supply. If the demand of Tether is low, they just destroy tokens. That is not possible with SBD, thus no stable peg.
I think sbd is just mis-designed. It has protection to the downside but not the upside. Easy fix would be to allow trasforming steem into sbd with some sort of cost. This would immediatly move price down and keep it close to the peg.
Would also reduce supply of steem if the fee is burned.