Already 4%? Oh yikes... Yeah that price feed is slowly crawling down. Last I checked it was still 1.90 to the current market value of 1.5 (since price feed uses 3.5 day average). Or is your 4% figure based on current marketcap?
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I took it from current cap as I worked under that assumption. I had to piece this together from scraps. :D I heard 2 but couldn't find where that was.
Oooh one other thing: Just wanted to re-emphasize that the relevant metric is is SBD supply (not market-cap) compared to STEEM market cap.
Was talking to @geekornered about this recently and that is a common mistake when computing as well.
I assume this is why it is only starting to kick in now.
Ah yeah, then this is bad news as the feed price continues to go down, so it will go towards 4% if we don't see a quick turnaround.