It's described here, here, and here. The short version is that if the market cap of SBDs reaches 0.09 * [STEEM's market cap], then SBD printing for posting rewards slows down. If the SBD market cap reaches 0.10 * [STEEM's market cap], then printing stops altogether. For SBDs to start printing again, the thresholds are the same, but in reverse.
RE: Burned tokens, rewards, and inflation summary March 18, 2023: 138K SP, 93K STEEM, and 1,146 SBD burned in 43K burnsteem25 posts
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Burned tokens, rewards, and inflation summary March 18, 2023: 138K SP, 93K STEEM, and 1,146 SBD burned in 43K burnsteem25 posts