Increasing the APR gives an incentive to hold SBD I guess because you get interest. But it will just create more and more.

This whole mess started with the STEEM price going parabolic and many SBD being printed. They all need to be covered now by STEEM and it can't be covered unless STEEM goes up again.

So now the peg has been broken on the underside as well as the top side. I might have to rethink my ideas about SBD's after all this.