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RE: If you change your SteemDollar balance now, you will receive your interest
Interesting. To be honest, I thought that interest will be applied every 3 sec similarly as STEEM Power grows.
Is that mean, that there is a monthly capitalisation, but only if you touch your balance once a month?
If I will not touch my balance for a year, I will have 1 year capitalisation?
If my calculation are correct, in case of 10% interest, this give:
- 10% with yearly capitalisation
- 10,47% with monthly capitalisation
(assumptions ahead) If you want compound interest, you should "change" your SteemDollar balance once after every 30 days. Otherwise you will just get the (currently) 10% apr
If you are active on the site then you will probably change your SD balance at least one a month by earning rewards (for example the comment to which I'm replying is currently earning $2.48, a portion of which will be paid in SD). That will trigger the interest payment.
I have been asking this ofa lot of people. Will my sbd on bittrex earn interest? It seems like they should on any wallet if it done through the blockchain. Does this mean bittrex is keeping the interest ( like a bank) . Any help appreciated.