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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg

in #sbd7 years ago

There is an incentive to dump SBD but it is a slow, plodding one, as more and more SBD is created to pay rewards and none is ever destroyed (because the only mechanism for doing so, conversions, are strongly disincentivized when SBD is >1 USD). This proposal would speed up the process so the supply and peg can better track demand in a useful time period, rather than potentially over months or years.