Hi guys

I always thought that the algorithm of curators is just 25%, however I am start noticing the payout is completely different than the reward at the end. What is going on? I am losing a lot of STEEM.

Could you please explain me why the payout is COMPLETE Different than the reward, even with the 25%? Is not suppose to show that the payout amount (sbd and sp) is the final payout and not hiding fees or something?