SBD / STEEM Reward Split Stabilizes Around 75 / 25
Following certain witnesses price feeds adjustments, the SBD / STEEM rewards are not split 50 / 50 anymore (even if you choose that option when you publish a post). There's a bias towards SBD, as more SBDs are printed, to increase supply. At the moment of writing, the total SBD supply was 4,275,416.
For the last 2-3 days, I've been monitoring the split, which varied based on the witnesses price feed. I think I saw a pattern in which the split stabilized (for now) at 75% SBD and 25% STEEM. On the internal market you get a little less than 3 STEEM for 1 SBD.
Just a short reminder that STEEM is the base currency in the STEEM blockchain and SBD is merely a sort of a "smart contract", which was initially designed to be pegged to the US Dollar, with the underlying intention to offer a stable currency. Lately, SBD peg was broken upwards, with prices up to $14 for 1 SBD.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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well its profitable.... i get 25% sp and the rest in sbd, i spend the sbd and buy more sp than i could get from a 50/50 split
wow good to know and thanks for sharing :)
It’s only gets better for us from here , as we see the market increases
Even with the high price of SBD (trading at $9,3 right now) we're still only at a 5% debt as STEEM has increased in value as well.
An increased printing of SBD to settle the markets high demand is probably a good move.
Yes, the debt-to-ownership ratio is still small. A prolonged imbalance will destabilize the system, though.
Later edit: as long as the price of STEEM keeps increasing, the SBD goal should be to remain stable, no matter the value. As long as SBD is stable and the debt-to-ownership ratio doesn't get screwed, SBD can trade higher than $1.
The past week it was inching to 75/25. Now we have a solid explanation why is it happening. A very big thanks to you sir!
And as always, awesome steem.supply site. :)
I never understood that.
I guess I really don't need to.
Just cash in my SBS's at a YUGE profit
while I can
Can you tell me @dragosroua
Will SBD value increase further or not?
I really have no idea.
I think you wrote about it few weeks back too right? anyways thanks for the information, always have been following your work.
upvoted :)
Yes, I wrote about the price feed bias adjustments, this one is to signal the stabilization of the split.
Aha! I wondered about that, that's a great move :-)
Cg
Stablization of payouts with 75 to 25% will likely increase the steem market as more sbd will be available to get converted to steem, provided you want to!!!