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RE: Holding STEEM POWER -- why it is good for you, and all of us too. (Commitment Rewards Explained)

in #steem7 years ago (edited)

The FAQ doesn't seem to address the benefit of holding STEEM POWER beyond the "influence" for the reward pool @ned @timcliff @anybody know the best way to fix that?

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Yes, this news that we get "interest" simply by having SP is very intriguing to me. When I was first active on here a couple weeks ago, I was curious abut the "currently collecting 0% APR" text within my wallet.

People told me there used to be interest paid but it was no longer the case. Now it seems like perhaps interest, in a sense, is still getting paid? That makes me want to buy even more SP if it is true.

0% APR refers to SBD only.

At one time, it was better to keep SBD because SBD would get a 9.5% interest rate in the early days.

Now Steem Power holding is the new winner ever since a hard fork that happened awhile ago.

I wish they would remove that text from the wallet. It is confusing. :) Thanks for your wisdom!