Community post
Liquidity
1200 steem per hour is being given to liquidity providers such as @abit. The total STEEM on the order books at Poloniex and Bittrex is about 180k STEEM. That means that in the last week, more STEEM was created as liquidity rewards than the entire amount of STEEM available on BOTH exchanges.
Where do you think the price will go next week, and the week after that? I just don't see how this is sustainable.
Replies (4)
I think it would only crash if all of them "cashed out", but again they can't cash out except for Powering Down, and then cashing out.
This isn't about cashing out. This is about liquid STEEM generated and given automatically to a trader that was cheating the system by self trading.
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