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RE: Another Puzzle: Why is the blockchain's reported median price higher than the actual price of STEEM?

in #steem2 years ago

this is how the "haircut rule" was implemented

I would say that without the restriction of the median_price, the (current) haircut rule would not make sense. But the two mechanisms work independently of each other. As e.g. the earlier limits (printing reduction between 2 and 5 %) have shown.