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RE: Liquid Steem Rewards are Here - Math Time!

in #steemit • 7 years ago (edited)

new_steem = virtual_supply * current_inflation_rate / STEEM_BLOCKS_PER_YEAR

So you can see it's actually generated per block. It says instantaneous rate, which means this block it increases by a percentage given by dividing the annual target rate by the number of expected blocks per year (I suppose this number isn't perfect though, so rough estimate)

Technically, a percentage of this new steem is allocated to rewards pool. The amount allocated on a post depends on this amount and the votes. The payout is just converting to the steem to the SP,steem,SBD based on feed price.

Not sure what you mean by taken out of the yearly inflation.

7 years ago in #steemit by
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     7 years ago (edited)

    @eonwarped. I am happy to see the equation “new_steem = virtual_supply * current_inflation_rate / STEEM_BLOCKS_PER_YEAR”

    Thanks for confirming this. It is what I would have expected.

    My questions on this are

    1. what is the current-inflation-rate? 8.5%, 9% or 9.5%?
    2. where do I find it?
    3. where in the whitepaper, code, or elsewhere is this documented?
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       7 years ago 

      @geekorner has the link above to where it is (desktop mode will send you straight to the line number)

      inflation_start - blocknum/250000

      978 - 20,824,939/250000 = 894

      Which is representing 8.94% inflation at block 20,824,939 , which is the block I just checked just now.

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