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RE: SBD'S PEG IS BROKEN: ARE NEGATIVE RATES AN OPTION?

in #steem7 years ago

I explained the whole idea in my post, and provided a link in my previous comment. In summary:

Generate new SBD tokens at a rate determined by the market premium and grant it to VEST (SP) holders as a dividend. The new tokens are not given to SBD holders, but VEST holders, so it increases supply of SBD without increasing demand for SBD.

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That would incentivise holding SP. Not a bad idea I guess :)

Yes, exactly. Reward long-term HODLers by generating more SBD that they can sell to speculation traders that don't even know SBD is supposed to be pegged to the dollar.

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