The incentive to hold VESTS will fall dramatically over the next few weeks as the rate of change in the supply of STEEM falls.
Do you mean the incentive to hold VESTS or the incentive to create new VESTS from STEEM?Bump
Maybe both?
In short, current conversion ratio is about 27:1, and the ratio is increasing by about
2:1 4:1 2.6:1 everyday. So the % speed of ratio increasing is decreasing, thus less incentives to convert STEEMs to VESTS.
6 days passed, current ratio is 41:1. On average 2.3:1 increment per day. It's a bit less than linear.