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RE: A way to stabilize the price of Steem dollars

in #steemit8 years ago (edited)

Actually it is extremely cheap to maintain A peg. As cheap as transaction cost on the existing exchanges plus 7 day of Steem interest. Add to that that there is no logical reason for the 7 day wait period , 1 day will do just fine.
{hint}: You do not need no Straddle to hedge a now long [after the conversion request] Steem position... all you need is :)