Should We Revert to Previous SBD Print Rate?

demotruk (69)in #dpoll • 5 years ago (edited)

Should We Revert to Previous SBD Print Rate?

When the Virtual Steem behind Steem Dollars values at 10% of the internal Market Cap (MC), the amount of Steem payed out per 1 SBD in conversions is capped to where SBD represents 10% of the MC exactly. This amounts to a "haircut" for SBD conversions.

Before Hard Fork 20, if the total Virtual Steem locked behind SBD represented more than 2% of the MC, liquid payouts would be made of a mix of Steem and SBD. After 5%, payouts would be entirely Steem.

After Hard Fork 20, liquid rewards pay out fully in SBD until 9%. Between 9 and 10% it is a mix, and beyond 10% payouts are Steem fully.

Yes - Revert to previous limits

No - Stick with current limits

No - Change limits to something else (describe in comment)

Answer the question at dpoll.xyz.

#poll #steem #steem-dollar

5 years ago in #dpoll by demotruk (69)

$1.31

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jacobtothe (70) 5 years ago

I'm not logged into SteemConnect to vote officially, but I suspect the change to inflate the SBD supply was influenced by the SBD doom when they were trading so far over $1 during the crypto boom.

$0.00

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demotruk (69) 5 years ago

Voted for Yes - Revert to previous limits.

$0.00

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dpoll.curation (59) 5 years ago

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