Thanks for the additional verification. This is certainly a much better presentation than the original and I have removed my flag and edited my comment accordingly.
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Thanks for the additional verification. This is certainly a much better presentation than the original and I have removed my flag and edited my comment accordingly.
I am answering to your comment below because there is no reply button for some reason.
I am not sure I understood exactly how the fund going into the pool and the fund going out can self balance? Rewards are paid in Steem dollar and steem power but the pool is liquid steem right? what is the mechanism to convert them before payouts? I have read the paper but those questions are not answered. Thx
@snowflake, at the time of payout, the proportionate share of the reward fund for the post is removed from the reward fund. Then split up between content (author) reward and curation reward. The curation portion is converted to Steem Power and paid to the voters, and the content portion is converted to 1/2 Steem power and 1/2 SBD and paid to the author. The SBD conversion takes place using the witness price feed that indicates (as a 7 trailing median) the exchange rate. The Steem are destroyed (but accounted for as virtual supply) and the corresponding amount of SBD are created in their place. Hope this helps.