I have started a power down to use the steem to buy up below-peg-price SBD and convert it back to steem, like I was doing ages ago when the the peg was consistently below par.
Would you consider a bias to the feed price during this bear market to encourage others to engage in this too to restore the peg? It seemed to work previously in the last bear market to help restore the peg, and is, I believe, a cheaper alternative for the blockchain than higher interest rates.
I'll consider it if things don't improve, but its a last resort to me.
It feels unethical and central bank-y to manipulate the price feed like that to me compared to the APR but you're right it would be cheaper - and what you're doing is helpful :)
Hopefully this is all resolved without needing that