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RE: Thoughts on a Proposal to Buy and Burn STEEM using the DAO

in #steem • 2 years ago (edited)

I created an infographic back in November, 2016. Here's what I posted at the time:

image.png

Obviously, I'm hazy on details, but maybe interest accumulated and paid out once per month? No time now, but maybe I'll check later to see if I can find any payment transactions from the time period.

Update: Found one

2 years ago in #steem by
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     2 years ago 

    maybe interest accumulated and paid out once per month

    Right!

    #define STEEM_SBD_INTEREST_COMPOUND_INTERVAL_SEC (60*60*24*30)

    Once per 30 days and only if the SBD balance has to by modified.

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