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RE: Steem Dollars currently collecting 0% APR - why?

in #steemit7 years ago

Not really, although from what I can gather, there used to be an interest rate when Steem was worth much less than SBD. I think that because the price of Steem is now higher than that of SBD, this has removed the Steem Dollar APR, but I'm not 100% sure that that is the reason or why the relative prices should matter.

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I've been on steemit now for over a month and my apr has gone up to 0.5% when I started it was 0%. I keep all my money that I can in steemit and steem power as I like to power up alot, and this has gone up too. :)

mines at 0.001 how can I make the apr go up or dose steemit control this ?

I can't give you a direct answer on that, It seems to go up and down, mines at 0.001 at the minute. I know some one who could explain this to me better I will have to contact him to find out. cheers

hmm.. does it have anythning to do with the savings balance?

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