@bacchist So it sounds like the peg is working exactly as designed. I stopped selling SBD on polo after the price dropped from $1.30 to $1.05. I just held my SBD at that point.

Then when the price dropped to ~$0.80 it looks like you and I both reversed direction and started buying with the purpose of converting to steem.

Now you're out of the pool, I just bought back in at $0.90, which means 10% so thanks for that! ;)
Was wondering who I was competing with :D

Oh BTW guys, there is a pricing discrepency between steem/lisk on shapeshift and lisk/btc/sbd on polo. I made a profit of 75% with that route in the last 24hrs.

Now we have steem traded directly on all pairs at shapeshift, you should consider adding that pathway to you arbitrage routes.