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RE: APR anyone?

in #witness-category • 6 years ago

Yea I guess a little bit of bending is also ok.

What I think was a mistake:

  • Printing SBD until a debt ratio of 10 and then immediatly causing a haircut. It would be better to print until 5% and then start the haircut at 10% or maybe later

  • I think we also need a way to print SBD when we are in the safe zone, i.e. when below 5% we should be able to convert SBD to steem somehow

6 years ago in #witness-category by
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     6 years ago 

    We used to print up to only 5% but that causes other problem. In fact if you look at the numbers whether printing happens or not doesn't really mater much to where the debt ratio ends up. The amount printed ends up being pretty tiny compared the the effect of STEEM price changes. (Printing for an entire year only generates about 2% of STEEM market cap worth of SBD!) With printing for an extra month during a downturn you might end up at 12% but without printing 11.8% or something. Just not a big difference, and not worth the other negative effects of a print halt IMO.

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