Hey Guys!
I have a question regarding the currency Steem Dollars (SBD). Dunno where else to ask it.
Is SBD's dollar pegging mechanism still operational or broken? I'm asking because ever since the stupid ass pump in April, the currency seems to be in a freefall state. It had swings before too, but was relatively a lot stabler.
Currently it's doing a good job being pegged to 1dollar.
What you witnessed was a SBD pump.. for whatever reason, a 1$ pegged currency got pumped to 2$...
I still don't understand it, but that's what happened and basically it's been going back to the peg ever since.