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RE: Steem inflation review for Q1/2025: Upbit's February SBD delisting triggered an inflation tsunami
Thanks for doing all this. I'd been wondering how the Upbit delisting and subsequent price adjustments was impacting the chain finances... I had no idea that the inflation had jumped so much.
You're welcome. It was a surprise to me, at first, too. I was completely expecting SBD conversion to be inflation-neutral, since there's no change in value. The good news is, I'm pretty sure that conversions have now dropped off enough to bring inflation down to more reasonable levels..
I don't really think the subsequent price movements had much to do with inflation, though. I think that's just driven by external market conditions. The ratio between STEEM and HIVE stayed pretty stable for the whole time.