You can burn SBD by convert it to STEEM.
There is an option in the wallet at the SBD called Convert to STEEM. It's a feed price conversion, where SBD will be burned and you'll get STEEM for it. It's just a step from there to convert it to SP by Power Up.
Note that witnesses have "SBD bias", that means a witness can set a bias where you get more STEEM by conversion than with exchange on the market. So they can incentivize you to convert SBD to STEEM (just like with the 0% APR).
Right, but when sbd is trading too high it is the opposite and I have no access to how much I am losing by doing that.
But in pursuit of altruism for the system I might swallow the loss if it went to sp directly.
I'd justify it by saving the additional step.
Two steps to a loss is less palatable than one step to a loss, imo.
If the bias isn't the other way?
Only the witnesses know from day to day.
You are right.
feed_price
base 0.291 SBD
quote 0.990 STEEM
It's interesting with 0% APR. The witnesses have found a new way to incentivize holding SBD without high interest rate. Not bad.
I think they need a rabbit and a hat, poliniex has had sbd under .9usd for a couple days.
What do those numbers mean?