It indeed severely weakens the peg. At 5% STEEM price needs to drop 50% at a relatively short time before the peg is broken. At 9% it only needs to drop 10%, which is very fucking common on crypto world. The change also come right before the massive bear market we have now making the change way worse. If anything needs to be learnt the chain needs to be more conservative than 5% debt not less.
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