I've been following these reports daily for more than a week now and there are a few things I would like to understand:
- What is the difference between Steem supply (216.7 M) and Liquid Steem (14.420 M) ?
- What does SBD stability (6,25 %) means in regards to the SBD supply (1.861 M) ?
- What is the price ($ 51.60) of 1M Vests about?
1: Liquid Steem is the tradable Steem which is on the Market, the rest is in Steempower.
2:Steem Dollar Stability
Added functionality to aid in the stability of Steem Dollars. Starting when Steem Dollars are 2% of the market cap, a portional of content rewards will be awarded as Steem instead of Steem Dollars. The rate at which Steem Dollars are printed is 50% of the reward at 2% or less market cap and 0% at 5% or more market cap, linearly extrapolated from 2%-5% market cap. So, at 3.5% market cap content rewards will be 25% Steem Dollars, 25% Steem, and 50% Steem Power.
When Steem Dollars reach 10% of the market cap, the price feed will jump off the peg to keep Steem Dollars at 10% of the market cap and will return to the peg when the reported price feed goes below 10%. Witnesses should still report the real dollar value of Steem for their price feed. The median price feed is automatically capped regardless of what witnesses report.
3: Vest is your Voting Power. Up to 10 M Vest is Minnow for example. 10M to 100M is Dolphin. 100M plus is Orca. 1000 M plus is Whale. So if you would by now Steem for 516$ you would be instant become a Dolphin.
Thanks for the enlightening answer!
I just check on steemdb.com and my Vests are at 1.02 MV while my Estimated Account Value (7 days) is at $63.11 on steemit.com.
1.02 times $51.60 = $57.22 which is short of $63.11. Does it mean the $6.508 that I own in SBD does not count as Vests? (63.11-57.22=5.89 which is close to 6.508)
The problem is that if you buy it today for example and pay 50$ for 1 MV , it could be in a week your account is worth only 40$, but you still have 1MV. Vest you only can buy o earn with writing articles. SP for example you get everyday by interest.
Ok, so if I understand correctly, it would basically mean that Vests is a thing on its own and that you can only earn it through author rewards and by buying Steem. Gotcha. :-)
Yes!