How does the PoS work?
If, say, i have an address with 10k XSPEC, does it mean that i should be getting extra 500 per year (5% inflation target), thus a 2.something XSPEC added every other day?
Tried to reverse engineer it, but things don't add up.
I've been getting way more per day than what adds up to 5% per year on the amount in my wallet, while staking 24/7... closer to 20%.
I could be wrong, but I believe the 5% is calculated on the amount of existing coins, but divided up equitably among wallets which are unlocked for staking, based on the percentage of total staked coins in each wallet. If it were a straight annualized 5% of the coins in one's wallet while it is unlocked for staking, then an overall inflation target of 5% could never be achieved, because there is always a certain percentage of wallets, and coins, which are not available for staking at any given time.