(Serious questions) How to profit from high SBD price?steemCreated with Sketch.

in #steem3 years ago

I am an old Steem user. I know there were tools to profit from when the price of SBD is above or below $1, those were tools to make the price stable, so it would inflate and reduce the price by printing when above $1, and incentivize burning when below $1, but how does that work?

I have been away for so long that I forgot what it is or how it works, but I know there are on-chain tools for that. I have just checked and now SBD is priced at $7, what do we do and what are the tools and mechanism to "print" and reduce the price?

Coin Marketplace

STEEM 0.22
TRX 0.20
JST 0.035
BTC 95967.22
ETH 3310.18
USDT 1.00
SBD 3.15