You are viewing a single comment's thread from:
RE: The Impact of Price Feed Discount on the Market
Since the backing of SBD is done with STEEM, it's only natural that if the price of SBD goes from, say, 0.80$ to 0.95$, you'll need more STEEM (which gets dumped).
Stronger peg near 1$ = more STEEM are used.
Looser peg = SBD is way below 1$ and less STEEM are used.