Don't forget that the voters are adding to the curation pool as well. I'm pretty confident about the formula. I'll have to study your specific example to see what you are talking about.
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Don't forget that the voters are adding to the curation pool as well. I'm pretty confident about the formula. I'll have to study your specific example to see what you are talking about.
Thanks, it is definitely outside of my knowledge bank :)
I just enjoy the discussion :P
The formula does check out in your ocdb example. About 7.04$ front running votes to the ocdb 43.4$ yielding reduction to 18.1%.
Now in 50/50, given the same configuration of votes, the curation received is exactly doubled.
If more choose to front run, some of it would go to the bot too, as mentioned before. Hard to tell, depends on the vote values.
And where the intuition got funny, note that a reduction from 50 to 30 is much wider gap than 25 to 18. If staring at the same graph, it's as if you were looking at a reduction from 50 to 36, which would happen at around 20$ worth of votes (vs 100$). Of course I'm not giving precise numbers here when eyeballing the graph... Direct computation would be better.
So, instead of a 100 dollars leaving 7 for other curators, 100 dollars would leave 14. Double the value. At the moment, that extra 7 is safely tucked away in a buy price.