Interesting short term solution, although it does nothing to stop sbd from going above $1, which is just as big a problem.
The obvious long term solution is to allow users to create and destroy SBD just like the MakerDAO does with DAI and ETH
Interesting short term solution, although it does nothing to stop sbd from going above $1, which is just as big a problem.
The obvious long term solution is to allow users to create and destroy SBD just like the MakerDAO does with DAI and ETH
That is where burnpost comes in.... :)
https://steemit.com/@burnpost
Yeah it does a little. It is similar to @sbdpotato in that it is better than nothing even if it doesn't solve the problem on its own.
But yes, I agree we need a better long term solution for maintaining the peg.