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RE: How the Steem Dollar Peg Works
I'd do this, but the 1-week delayed feed puts a lot of uncertainty into that conversion because the conversion price lags the real-world price by about half a week.
I'd do this, but the 1-week delayed feed puts a lot of uncertainty into that conversion because the conversion price lags the real-world price by about half a week.
Exactly. And it's possible that most of the "discount" is the rational pricing of that risk.