@dogeking yes, the Steem payout is a new feature because the amount of SBD in circulation got too high. Therefore, the witnesses started giving out Steem to lower the ratio. It will only continue as long as the imbalance exists.
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Thanks man, do you happen to have a link to an article explaining this?
It may actually be because we went over 4%. I don't really know. The only thing all the articles seem to agree on is that when SBD market cap reaches 5% of the Steem market cap, that SBD is no longer printed at all until it get back below 5%. Instead, Steem is given out as rewards.
Here's a link to @tarazkp's article. If you're not following him already, you should.
https://steemit.com/steem/@tarazkp/the-sbd-steem-debt-and-payouts