Once you lock Steem up in Steem Power, you'll be earning Interests and credited to your account. You'll see your Steem Power increase over time, that is the Interests being added to your account
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Once you lock Steem up in Steem Power, you'll be earning Interests and credited to your account. You'll see your Steem Power increase over time, that is the Interests being added to your account
Thanks for that information! Converting STEEM to Steem Power rather than Steem Dollars seems to be the way to play the Interest earning gains right now.
Any idea when the Saving Account will yield an APR again?
Not sure, i have seen the interest change between 0-11% on Steem Dollar. This is set by Steem Witness who also update the peg on the USD with Steem, for now Steem Dollar offer Interests to incentive more users to hold Steem Power and also reduce the debt burden of SDB. The way SDB is priced on external exchanges, shows growing support for this Assets that users are willing to pay a higher price however this causes more Debt for the Steemit Community who back this debt instrument, hence why Steem Witness reduced the interests to 0% to provide more incentive to holding more Steem or Steem Power. If you want to be socially active on Steemit, it really pays to hold Steem Power but holding Steem after the Inflation rate change is not so bad aswell! Lock up some Steem to Steem Power and sell several years down the line