What is steemit saving

in #steemit7 years ago

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Sorry if it seems as stupid question, But can someone please describe to me what is steem saving ? and how do i get interest on saving money there ? for examples banks give you interest because they lend your money to other people ...

So how steemit give you interest ?

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STEEM savings is like what cold-storage is for bitcoin
Steem power(SP) is where you receive "interest"

Thanks so much