Vesting Steem: divesting
In my account page against my vesting balance I have an option "start divesting" I think this refers to starting the process that would provide me liquid steem in weekly intervals over 2 years at a rate of [vested steem] / 104 (104 weeks in 2 years).
Q. Is the above correct?
Q. Does this process reduce the amount of steam I have vested? i.e first weekly payout of 2 steem reduces my vesting balance by 2 steem?
Q. Should I wait to divest my steem or start straight away? is there a benefit to waiting as opposed to starting the process now?
Q. If I started the divesting process what happens if I buy more steem and add it to my vesting balance?
As far as I know:
The conversione will be done based on the current steem:vest ratio.
eg: for simplicity let's assuming you have 104 SP (Steem Power = VESTS). If you start divesting, you should divest 1 SP every week. At the time of the weekly conversion, this 1 SP will be converted in STEEM at the steem:vest ratio.
the steem:vest ratio is always increasing, you can check its value in the upper left corner on steemd.com
Of course your vesting balance will decrease every week.
This probably depends on your expectation of future STEEM price/ market value. The conversion rate steem:vest will only increase tho, so, assuming a costant market cap, your SP (vests) are safe from dilution.
Not sure about that...I guess that:
-or on the next weekly conversion, the 1/104 divesting weekly amount will be recomputed
-or the divesting amount will stick to its old 1/104 value until you stop divesting and start divesting again or directly specify the new amount to divest.
Cheers, the current steem:vest ratio is ~61.162; i guess that means if i divest now, that rate will stay static for the 104 weeks of my divesting?; i will not be divesting based off your comments and i appreciate your time to respond :). would be good to get an official answer to question #4 from Dan or Ned
Nope, every week your SPs will be converted to STEEM at the current/new steem:vest ratio!
Is there somewhere we can see the current ratio?
leftright corner. Edit : They moved it the next day. ;)Answer : http://steemd.com upper