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RE: Steem Dilution - Why? - Explained

in #steem-help • 8 years ago

I'm not 100% sure what is happening to the 20 Steem per minute that were allocated to Liquidity Rewards. Post me a link when you find out @teamsteem. I figured the impact would be small enough (2.5% of 0.19%) to discount from my findings, however I would be interested to know just like you...

8 years ago in #steem-help by
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     8 years ago 

    @hisnameisolllie Aren't liquidity reward closer to 7.5% of the 0.19%? Sorry If I'm totally off here.

    Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater

    Ah let me quote all of them.

    Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
    Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
    Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater
    POW inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)
    POW inclusion rewards after block 864,000: 0.0476 STEEM per block (awarded as 1 STEEM per round) or 0.750% per year, whichever is greater.
    Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater

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       8 years ago (edited)

      At the moment, Steem Creation is running at 270% per annum.

      800 Steem per minute, 20 of which were allocated for Liquidity Rewards. 2.5% of New Steem.
      1200 x 24(hrs) x 365(days) = 10,512,000/0.75% = 1,401,600,000

      There would need to be 1.4bn Steem in existence for the 0.75% per annum clause to be implemented..

      Current <150m in Circulation

      I am talking in terms of % of new Steem...

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         8 years ago (edited)

        Just to be clear, if liquidity rewards were running, they would be greater than 0.75% currently.

        Apologise for the scatter brain reply. I'm on my phone. I'm well aware I not being as clear as I could be.

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