Since the amount of VESTS is now more than 90% of STEEM, does this mean you will not get back as much steem if you buy VESTS as you would have if you just kept them?
As far as I can see, it is not 90% yet. More like 86-87% at the moment if I understand this stuff correctly.
You are correct. It will not go above 90% unless people with STEEM explicitly convert to VESTS. Absent any transactions the amount of STEEM held in VESTS will always move TOWARD 90%
I have a couple of questions.
Here's what I understand.
"virtual_supply": "5522844.000 STEEM",
"current_supply": "5522844.000 STEEM",
"confidential_supply": "0.000 STEEM",
"current_sbd_supply": "0.000 SBD",
"confidential_sbd_supply": "0.000 SBD",
"total_vesting_fund_steem": "4826044.000 STEEM",
"total_vesting_shares": "389357.483375 VESTS",
"total_reward_fund_steem": "638980.000 STEEM"
Here the STEEM in the vesting fund (
total_vesting_shares) is 4826044.000 STEEM, and the total supply (
current_supply) is 5522844.000 STEEM
This ratio is 0.874, or 87.4%. It will gradually drift to 90% if no one buys new shares.
First Questions: How is this drift calculated? What is the formula for the update cycle?As new STEEM is added to the money supply, the amount of STEEM in the vesting fund will increase accordingly.
Second Question: How do you calculate the value of your vests in terms of STEEM?My guess:
If you want to see what your vests are worth, valued in STEEM at, you calculate:
total_vesting_fund_steem * your_vesting_shares / total_vesting_shares(I fixed this formula in edit.)I have some other questions.
(1) How many witnesses can each vest vote for?(2) Is it impossible for someone to dilute your vests? I think not because
total_vesting_shares will never grow faster than
current_supply. Correct?