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RE: Exchange Transfer Report Summary: 06/01/2016 to 08/19/2016
Thanks for the data. It appears some investors feel that they can buy steem dollars at a discount and convert to steem, and be better off. The risk is that one needs to wait a week and the steem market could plummet while you wait.
Or they could just be holding SBD to get the 10% interest.
If I were a speculator, I would prefer making 16% in one week rather than 10% in one year, if the market can hold up.
Which 16% are you referring to?
$0.14/$0.86 equals a little over 16%. (You get a dollar worth of steem if you convert steem dollars to steem.)
@bones: Gotcha. I was thinking in terms of 14 out of 100. Makes sense how you have it.
Since the token 1 SD is pegged to 1 USD, you'd think it would trade on par soon (currently at .89 cents). Combine the difference with the 10% annual interest that's a "risk free rate" of 20% buying SD dollars right now minus any trans fees. I saw SD trade at $1.35 back in that bull market we had last month.