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RE: SBD To STEEM Rewards Split Close To 75 / 25

in #steem7 years ago

Have a look at http://steemd.com, there is a column called "Bias" and some witnesses have values between 300% and 8000%. The average value of this controls how much SBD is printed from the rewards pool, compared with STEEM. Witnesses control this in their witness update commands, it's a blockchain prop which is set. It's all in the white paper.

The screenshot is taken from steem.supply where I take this into account when calculating the potential rewards.

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Average, not median? Only two of the top-20 witnesses have nonzero numbers for bias at the moment.

I think the prop is called "median_price_feed". There are a few more witnesses which are setting this prop (having price feed bias above 0%), me included. What you get when you call get_median_price_feed on the blockchain is pretty much the ratio between SBD and STEEM in rewards (the base and quote ratio, I mean).

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