Steem Supply

This example uses a hypothetical post which is listed for $100 upcoming rewards (or STU, see below). Play with the sliders to see how rewards are split based on the market price of STEEM and SBD. Also, change the value in the form field to see how rewards varies based on the expected reward in STU.

STEEM price: 0.12 USD
SBD price: 0.59 USD
SBD print rate: 0.00 %



Total potential rewards: STU
50
STU - author
50
STU - curators
25
SBD
307.95
Steem Power
 
25
STEEM
21.99 USD
25
USD
Total USD:
59.49
USD

How rewards are calculated on the Steem blockchain

Starting with HF 20/21, the distribution algorithm changed, favoring more rewards to curators. This explanation is updated for that change.

The main confusion point is the "$" displayed by default near the rewards by Steemit (and busy, and eSteem). This "$" is not a USD. It has nothing to do with it. It's also not a SBD. So, what is it? It's what I'l call from now on a "Steem Token Unit", or STU. This is different from SBD and STEEM as currencies, and it's actually the expression of the underlying value storage in the STEEM blockchain, which goes under the name vests.

So, the potential reward you see near your posts is actually expressed in STU.

Example: you see near your post $100. In order to understand how much you will get, we will talk form now on in STU whenever we refer to the numbers the Steemit UI is showing. So you actually see near your post 100 STU.

Out of this, you give away 50% from your STU to curators.

You remain with 50 STU.

This amount is split 50 / 50, with the following algorithm:

  • the first half is given in SBD only, or SBD + STEEM, if the SBD printing ratio is lower than 100%. So we have two cases here:
    1. SBD printing ratio is lower than 100%, so we have both SBD and STEEM. The ratio between the two is based on the printing ratio of SBD. Please note that you actually get the dollar worth of Steem, not the absolute numbers
    2. SBD printing ratio is 100%, so we have only SBD: 25 SBD
  • the second half is given in Steem Power, at the current feed price (the internal Steemit price for STEEM) in USD. So you get $25 worth of Steem Power. If the current feed price of STEEM is, let's say $6, you get $25 / $6 = 4.16 Steem Power.

Please note the difference: you get SBD directly as half of your rewards, but you get your Steem Power at the current market price of STEEM, not in absolute numbers.

You get half as SBD, and half as USD equivalent value expressed in SP, at the current price of SP in USD.

The end result for something that displays 100 STU near your post:


Case 1: SBD printing ratio 100%


  • 50 SBD
  • 0 STEEM
  • 4.16 Steem Power

Let's see how much this means in fiat at the following prices: STEEM = $6, SBD = $8.

  • 50 SBD x 8 = $400
  • 4.16 Steem Power x 6 = $24.96.

So $100 displayed rewards, are actually equal = $424.96 real USD.


Case 2: SBD printing ratio 50%%


  • 50 * SBD ratio/100 = 25 SBD
  • 50 - 25 SBD = $25 / Steem Price = 4.16 STEEM
  • 4.16 Steem Power

Let's see how much this means in fiat at the following prices: STEEM = $6, SBD = $8.

  • 25 SBD x 8 = $400
  • 4.16 STEEM x 6 = $24.96
  • 4.16 Steem Power x 6 = $24.96.

So $100 displayed rewards, are actually equal = $449.92 real USD.

Feel free to play with the sliders above and test various scenarios.