Two things cause fluctuations, other overall votes (dilute votes before them) and fluctuation in STEEM market capitalization. Steem Dollar payouts are always based on a percentage of Market cap. Once payout occur daily these things will be less noticeable.
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Will it be less noticeable because the Steem will be more spread out?
CG
we have seen the fluctuations over 2 months which have been wild, in future it will only be as long as up to 24 hours after the last vote for the payout to occur, a lot lest time for fluctuations to occur.