RE: Signalling for 20% HBD interest

[kenny-crane]

What is MEDIAN?

You're the first person I have seen in today's articles about HBD to mention the word "MEDIAN" which is clearly indicated on the Witness page as the mathematical method used to calculate the HBD interest rate.

For those who want a definition of MEDIAN, you can go to https://byjus.com/maths/mean-median-mode/ and see that

median represents the mid-value of the given set of data when arranged in a particular order

So if we have this list: 1 3 4 7 7 8 9

the Median value is the middle value, which is the first 7, so the Median is 7.

I assume this is how the HIVE code calculates the interest rate - by ordering the witness's signaled interest rates from low to high and then picking the middle value.

Comments

[sodomlv]

In top 20 right now

• 7 voted for 20%
• 3 voted for 15%
• 7 voted for 12%
• 3 voted for 10% and below

Then the HBD APR will go up to 15% or 20% any way :)
Really a big consider to put more HBD for staking now

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[kenny-crane]

Thanks for the comment!

I was just playing around with the Spreadsheet I created for this post: https://leofinance.io/@kenny-crane/how-hbd-interest-is-calculated-with-spreadsheet

And I realized that if ANY Witness who's HBD Interest parameter is 12 or under switches it to 15, then the HBD interest will become 15%.

AND NOW I see that someone did, so we are now at 15%!!!
https://peakd.com/me/witnesses

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[smooth]

I assume this is how the HIVE code calculates the interest rate

Correct

[kenny-crane]

Thanks! 👍