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Yes it does! It creates a currency. Steem is not a currency, if you want steem to matter in any significant way Sbd needs to work.

Vote bots accept liquid steem, STEEM is a currency. What is the functional difference between liquid steem and sbd?

in order for something to be currency it requires stability, else not useful for commerce. steem is an asset sbd is designed as a currency. sbd has design flaws which is why it does not work as currency either currently. Tim is trying to fix these.

I agree. But SBDs add liquidity to the ecosystem. Any debt based asset does.
If it wasnt for SMTs id be for SBDs remaining but with SMTs coming tbere really is no use for them. The peg only seemed as a gimmick to me.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 94819.33
ETH 3557.02
USDT 1.00
SBD 3.79