Can anyone direct to me to the documentation that explains why steem and steem dollars are separate tokens. I have a hard time understanding why its not just Steem and Steem Power wtihout Steem dollars.
Can anyone direct to me to the documentation that explains why steem and steem dollars are separate tokens. I have a hard time understanding why its not just Steem and Steem Power wtihout Steem dollars.
I think the idea is that while the value of steem will fluctuate, steem dollars are tied to the dollar. At least, that's what I got from this article
So SD/Steem market seems ripe for arbitrage opportunities.
Yes. And it's exactly such arbitrage that over time should cause the value of Steem Dollars to approximate 1 US dollar.
That is a good link. Thanks! This article also helped as it provided a little background and context to the nuts and bolts.
I upvoted you.