The current rules print SBD only up to 5% ratio (with the rate reduced above 2%). At 10% is where the "haircut" rule kicks in (SBD become convertable into progressively less than $1 worth of STEEM as the ratio increases beyond 10%).
In HF20 @timcliff implemented a change that boosts the limit for printing up to 10% (with rate reduction starting at 9%). That should be active in a little over a month I believe.
Could you show me where is the haircut in the source code?
I found these lines in database.cpp which convert from SBD to STEEM, but I can't see the haircut of 10% there. Thanks.
It is done by adjusting the price feed
https://github.com/steemit/steem/blob/a6e50bed01bbfbb05938669d713c31977849ec12/libraries/chain/database.cpp#L3120
Thanks. Now it is more clear 😉
Sir is there any way to contact with you ?? I need to talk with you about some issue which is already sended to @smooth-a account as a memo. Please take a look on that.Thank you