(test) @Bank.SBD Funding Post: 2019-12-19

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About @Bank.SBD

@Bank.SBD is a steem service that aims to bring back the SBD-USD peg. It does that by providing STEEM POWER delegations (loans) for SBD. By this it creates an actual use case for SBD as a currency.

The SBD taken as payments is always priced at 1 USD (1 SBD = 1 USD) so anytime when SBD market price is below 1 USD, the delegations provided by bank.sbd@bank.sbd are cheaper the those provided by other services (dlease.io is taken as a reference point here).

Obviously the service needs a lot of STEEM POWER to be able to influence SBD price in any way - that's why those daily reports are generated - all the profit from those posts will be powered up so more STEEM POWER can be offered for delegations.

Current Data

Importants Stats
  • STEEM market price 0.131 USD
  • Delegation ratio: 1 STEEM -> 347 STEEM POWER delegation per week
  • Delegation price: 1 SBD = 1 USD = 7.634 STEEM -> 2648 SP delegated per week
  • Total account SP: 8954.0
  • SP currently available for delegation: 0
Delegations ending in upcoming week:

Hot To Buy Delegation

To buy delegation, simply send at least 0.01 SBD to bank.sbd@bank.sbd with memo: delegate

By default the delegation lasts 4 weeks and the amount of SP delegated depends on how much SBD has been sent.

You can also state for how long you want to receive the delegation like this: delegate for 6 weeks

You can also state how much SP you want to receive for delegation like this: delegate 100 SP

Finally you can combine those two like this: delegate 200 sp for 5 weeks

In all of those cases the service will automatically charge the right amount of SBD and refund (send back) any SBD that were not used for delegation.


This is the first, test version of the report. Expect additional informations added in :)

(test) @Bank.SBD Funding Post: 2019-12-19 | Ecency