@neoxian, can we set our own interest rates? If so, how?
"We need to start increasing the interest rate. I've just set mine to 3%."
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@neoxian, can we set our own interest rates? If so, how?
"We need to start increasing the interest rate. I've just set mine to 3%."
It is possible for the system to pay interest on SBD that is held in your account. Lately it's been 0%. This interest rate is determined by the witnesses (mostly the top 20 witnesses). They should set their interest rate to something higher. I'm a witness too, so I set mine to 3%.
@neoxian, thanks for the reply and further explanation about the interest rates.
I always noticed "Tokens worth about $1.00 of STEEM, currently collecting 0% APR." on my wallet screen, but I was never sure how the interest rate was determined.
He's speaking to the other witnesses.
https://steemd.com/witnesses
Thanks for the clarification. I just reread the article and see it now.
I'm a bit confused? SO you can transfer sbd to savings and get interest payments?
@ryan313 - Yes, if the Steemit interest rate was more than 0%. That is what @neoxian is asking the other witnesses to consider.