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RE: HBD Transfers To Savings | Data by date and users

in LeoFinance4 years ago

Not totally sure what is the final % under these conditions...

The HBD interest rate is computed for each block production round and is the median value from the 21 scheduled block producers (20 top witnesses + 1 backup).

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This means, the 7% showed by Peakd is lower, as the median would be a bit higher, somewhere around 8.5% ... also its a dynamic value ... not sure what would be the proper way to follow it

cc. @jarvie @asgarth

Posted Using LeoFinance Beta

The value shown on PeakD wallet page
As you can see there is a hbd_interest_rate field that give the current value. is fetched directly by the API nodes using this API call: https://developers.hive.io/apidefinitions/#condenser_api.get_dynamic_global_properties

But you are right, the value is dynamic and may change. As far as I know according to the followings:

  • if top 20 witnesses change
  • if one of the top 20 witnesses update his parameters
  • according to what value is defined by the 21st backup witness

Thanks!

Median of the list you gave is 7%. https://en.wikipedia.org/wiki/Median

The backup witness also factors in each round, but with the current top 20 votes, has no effect. IMO the backup witness should be removed from the voting in some future hard fork.

Do not confuse median and average. The first one is less prone to changes.