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sbd print rate update (using steem price) #27

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sbd print rate update (using steem price) #27

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4 changes: 3 additions & 1 deletion whitepaper.md
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Expand Up @@ -169,7 +169,9 @@ If a token is viewed as ownership in the whole supply of tokens, then a token-co

A rapid change in the value of STEEM can dramatically change the debt-to-ownership ratio. The blockchain prevents the debt-to-ownership ratio from getting too high, by reducing the amount of STEEM awarded through SBD conversions if the debt level were to exceed 10%. If the amount of SBD debt ever exceeds 10% of the total STEEM market cap, the blockchain will automatically reduce the amount of STEEM generated through conversions to a maximum of 10% of the market cap. This ensures that the blockchain will never have higher than a 10% debt-to-ownership ratio.

The percentage floors used to compute STEEM creation are based on the supply including the STEEM value of all outstanding SBD and SP (as determined by the current rate / feed).
The percentage floors used to compute STEEM creation are based on the supply including the STEEM value of all outstanding SBD and SP (as determined by the current rate / feed).

The SBD printing rate is also controlled to ensure a stable economy. The ratio _sbd supply_ / (_sbd supply_ + _steem supply_ * _steem price_) defines this printing. When the blockchain needs to create new SBD, if the ratio is below 2% all SBD is created. If it is between 2% - 5% the printing rate is reduced proportionally to said percentage. And if the ratio is above 5% the SBD printing rate is 0%. When the percentage printing rate is below 100%, the rest that should have been generated is created in STEEM.

### Interest

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