Yeah, vests in this analysis are the rewards from vested sp votes.
The reduction in vests is partly down to the 75/25 50/50, but as we are looking at %'s here then that's not an issue in the numbers above.
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I forgot about the reduction in the author % from 75 to 50 and then a further reduction of 10% for the SPS system, so the lower rates make more sense to me now. Dec verse Dec at the end of the year, assuming no more percentage changes.