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RE: Median price feed stuck? Payouts displayed wrongly? (Solved).
Isn’t there also a mechanism to apply an APR on the protocol to incentivize demand for price increases on SBD? Although this may deepen the ratio, it could lead to hold the peg, right? Not sure which should be the first line of defense though!
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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.