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RE: Post Payouts in June and July
I don't understand why the rewards were so much higher in June? Surely it should be linerarly proportional to the steem price? i.e. 2.80/1.31 x daily rewards today?
I don't understand why the rewards were so much higher in June? Surely it should be linerarly proportional to the steem price? i.e. 2.80/1.31 x daily rewards today?
Daily voting is variable but the daily steem creation is fixed. For that reason if there is a change in the voting behaviour or weight then the rewards pool can be in surplus or deficit for a period. After HF19 there was a huge change but the above graphs show that the daily payouts are back to a more stable level indicating the rewards pool has stabilised.
If voting patterns and the rewards curve were unchanged, all other things being equal, then the payouts would be proportional to the steem price. That is the key driver for the aggregate payouts over the longer term.