You are viewing a single comment's thread from:
RE: Introducing SBBank: Earn interest on your Steem Dollars with SBD term deposits
Great project.. wish you all the success.. 12% return is very attractive.
Great project.. wish you all the success.. 12% return is very attractive.
Thanks @hms818, much appreciated. It might not be much in the crypto space, but for a deposit facility dealing with an asset pegged to the USD, it's a solid return. 12.68% if you compound your monthly interest payments.
Doesn't this discourage powering up? Even tho powering up has a similar/greater APR? I understood that gains for STEEM were at 9%... is the fact that you are putting the money in SBD the only difference/advantage? If so wouldn't enough people investing in SBBank worsten the problem STM is having holding value as a token?
It's hard to say - you can get much better returns by powering up and delegating via @MinnowBooster for example. On the other hand, STEEM is a very volatile asset and has been on the rocks for a while, SBD offers relative stability and security.
We're all for powering up - this is a 100% STEEM POWERED post after all :)