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RE: Steem Bot Tracker - Major Update Regarding SBD Prices!
Hello @yabapmatt ! I've got a short question for you.
Next to the bot it says for example:
Bid Dollar Value: $10.52
Total Vote Value: $20.75 = 1.80 SBD + 1.03 STEEM
After 25% Curation: $15.56 = 1.35 SBD + 0.77 STEEM
How do you come up with the numbers after the equal sign? Is this the actual payout? In this case after curation 1.35 SBD and 0.77 STEEM.
I thought the reward would be split 50/50: So you would get 7.78 SBD and 7.78 STEEM. And then the STEEM amount has to be divided by the actual Steem price which is about 1.75 right now.
Am I right or just really confused? 😜
Really good question, it is very confusing with SBD no longer being pegged to USD.
1.35 SBD + 0.77 STEEM is what the payout would be from that particular vote after curation. This is in fact a 50/50 split since 0.77 STEEM at the current price of $1.75 is equal to $1.35.
So the 50/50 split means you get half of the payout value in SBD (which steemit.com assumes to be equal to USD) and half the payout value in STEEM.
The $15.56 amount comes from multiplying 1.35 SBD by its current price in USD which is about $10.50 + 0.77 STEEM * its price which is 1.75. So:
1.35 * 10.50 + 0.77 * 1.75 roughly equals $15.56 (I rounded some of the values for simplicity)
Hope that is clear!