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RE: Steemit Statistics Week 9 - Interesting Event to Highlight...

in #steem-stats8 years ago

It has to do with the amount of SBD in circulation compared to the total market-cap of Steem. I am pretty sure that the rule is if there is more than 10% debt (SBD) compared to the total market-cap, then the system will start paying in Steem to keep the debt ratio down. If the price of Steem goes up, or people convert more SBD into Steem (to the point that it drops back below 10%) then it will go back to paying people in all SBD.

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This rule starts to kick in at 2%, but phases in gradually up to I think 10%.