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RE: SBD Explained

in #sbd6 years ago

The current rules print SBD only up to 5% ratio (with the rate reduced above 2%). At 10% is where the "haircut" rule kicks in (SBD become convertable into progressively less than $1 worth of STEEM as the ratio increases beyond 10%).

In HF20 @timcliff implemented a change that boosts the limit for printing up to 10% (with rate reduction starting at 9%). That should be active in a little over a month I believe.

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Could you show me where is the haircut in the source code?
I found these lines in database.cpp which convert from SBD to STEEM, but I can't see the haircut of 10% there. Thanks.

Thanks. Now it is more clear 😉

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