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RE: Enhanced Votes Graph 22 February 2019
Hey SBI ;)
I looked at sbi on steemd and wondered whether there is any plan for letting the voting power recharge or how that works. It seems it's very drained and could be a lot more effective with a few days break or something?
How do you manage the voting power with all the votes going out in general, I'm curious.
Thanks for all you do for the community
That's a good question, thanks for asking! Based on our total effective SP in the account, there is a maximum weekly value that SBI can deliver through its upvotes. (About $500 per week right now).
When we over-deliver (upvotes with more total value than that are delivered) it draws down our VP. When we under-deliver, it allows our VP to recharge. This is some variability in when people post, what their pending balances are, etc. so we actively monitor VP on a daily basis. When the average VP is below 20% (which it has been for a couple of weeks) we check it multiple times per day to determine whether more immediate measures should be taken.
We have a substantial amount of delegation orders pending on the MB market. When those fill, it gives the account receiving it a temporary VP boost (usually drawn down quickly to bring it in line with the average), but more importantly it raises the total weekly deliverable value. When enough of those orders fill, our VP recovery will accelerate.
I realize that VP seems a little drastic at the moment, but we are actually up quite a bit over the last week as delegation orders have started to fill.
Since low VP only affects vote delivery for a very short list of members (people who have a scheduled vote value greater than a 100% vote from all ten accounts), there are very practical reasons not to worry too much about it as long as it's not dropping too quickly (or approaching too close to 0).
Wow thanks a lot for that detailed answer. Seems like everything's good then, cheers
I love you, guys! <3