How we can restore the SBD peg and increase the price of STEEM in one shot...

in #steemlast year

There is a way to increase the price of STEEM while at the same time restoring the SBD $1 peg

We could use the DAO SBD funds to buy and burn steem until SBDs eventually return to their $1 peg.

In doing so, we would very likely also raise the price of STEEM and reduce the supply.

This could even be done without a hard fork.

All that is needed is a proposal that is approved by enough votes to pass the return proposal in the DAO.

This isn't market manipulation as it is simply a way to restore SBDs where they were designed to be anyways.

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Burning STEEM to stabilize value of SBD is just a short-term solution as there is still pressure for SBD to break free.

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