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RE: Why is the current interest rate of SBD at 0%?
SBD is already trading at higher than its $1 USD target price. Paying interest would only exacerbate this problem. The interest rate is therefore set at zero partially as an attempt to restore the $1 USD target, or at least prevent additional drift higher from it.
Why is the STEEM Backed Dollar trading for more than one dollar?
Nobody is really sure why, but its been trading at nearly double the target (so...$2). The only answer I can give as to why is "supply and demand".
Up vote for "supply and demand", for sure.