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RE: Steem Dilution - Why? - Explained
Is this part below still true even though there isn't liquidity rewards? I mean is the 0.19% still the exact number? I'd love to answer that question but I thought I'll ask before beginning to look for an answer.
The Daily Dilution rate will fall day in day out until we hit 0.19% sometime towards the end of next year (It will continue to fall because the daily amount of Steem created remains static, but the Total Steem in Circulation increases each day). When we hit 0.19%, the number of Steem created per minute will begin to increase in Gross terms to keep the daily Dilution rate at 0.19%.
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...
@hisnameisolllie Aren't liquidity reward closer to 7.5% of the 0.19%? Sorry If I'm totally off here.
Ah let me quote all of them.
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...
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.