Abit Witness SBD pegging policy update

I've made some changes to my SBD pegging policy:

• Annual interest rate of Steem Dollars from 10% to 15%
• Bias/offset on feed price from 12% to -0.1%

Due to these reasons:

• Higher interest rate encourages people to hold or buy in (there are too much sell pressure in the past weeks, although less recently).
• Stronger Steem leads to stronger Steem Dollar. Dumping Steem to the market should be discouraged, even if the Steem came from conversion (from Steem Dollars). Converting then Powering up makes more sense (which I have done). By the way, I think reducing rewards of any kind could be a good idea, which probably includes curation rewards, SP "interest", and even witness pay and author rewards, they're generally free money, too easy to get, so few hesitate to cash out.

For more discussions, please check this post wrote by Hive account@smooth which I think is very thoughtful, also some posts wrote by Hive account@clayop.

(Post reward / payout declined)