SBD Potato Day 19: Rows and Rows of Potatoes!
Conversion Report
Next conversion scheduled for Sunday.
Vote for this post to help fix the Steem Dollar Peg!
In case you missed it; here is THE LINK to the intro post about @sbdpotato.
TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.647 USD
Current Debt Ratio: 11.86%
Target Debt Ratio: 9.90%
What do you get out of supporting @sbdpotato?
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
Conclusion and Disclaimer
All images used a royalty-free, courtesy of pixabay.com.
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
Sponsors
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In your yesterday post you mentioned the debt ratio was 16.69% and today it is only 11.86%. Maybe there is a mistake in today's number because when I go to http://cervantes.one:8081/api/get_debt_ratio I see 16.78% as the debt ratio.
The post is obviously automated but I don't know how it often gets the ratio way different than its own stated source lol.
I do it manually for now, I get the numbers at spot, they are very erratic, have been as high as 18%, have asked cervantes to look into it.
That was the spot value at the time, I have asked @cervantes to look into it.
Can you please stop doing this and use your power for something productive? This is a very bad look.
The process will be way more efficient if you swap STEEM to SBD in small amounts at a small interval (few minutes or hours) instead swapping all of them at the same time each few days. Liquidity of the internal market is not very good and the efficiency will get hurt worse as the pool grows if it stays this way.
Please set up a bot to swap a fraction of the STEEM pool to SBD at a small interval so the initiative become more efficient.
Thanks, will get to that eventually, the amounts aren't huge atm.
This post earned a total payout of 28.806$ and 21.659$ worth of author reward which was liquified using @likwid. To learn more.