Are some of the plankton and redfish in the bottom chart exchanges? I'm kind of surprised there would be so much liquid Steem held by small regular accounts. Or maybe it's just because there's so many of them?
RE: SP distribution by account sizes
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SP distribution by account sizes
Yeah, I hadn't looked at details but I was assuming it was on the exchanges. A quick look confirms that a handful of exchanges account for most of it.
That raises a topic that was discussed years ago. The conversation vanished with the Witness Wars, but I wonder if someone could get some exchanges to start offering staking services. JS was big on that topic right after the acquisition...
Update: Same with SBDs
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It would probably be a big accounting headache to match individual staked amounts on the exchange to the amount powered up/down by the exchange account. They would probably also have a hard time tracking and reporting the "staking rewards" to distribute to individual accounts.
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Yeah, it would be a pain to code, but not insurmountable, I guess. Coinbase does it with Ethereum and other tokens.
I'm not actually sure if it would be good for STEEM, though. I am pretty sure that it would drive down the interest rate (which is small to begin with). Not sure if it would impact curation rewards.
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I agree that it's likely possible, but I doubt an exchange would want to do a lot of custom coding support for Steem, especially since there isn't easy API support for it.
I'm not sure how other chains do things, but I suspect their staking rewards are tied to particular transactions on the chains rather than the vests/SP thing that Steem does, so they look more like discrete transfers that can be credited to individual accounts on the exchange.
I think it would only do that if the exchange accounts voted, the rewards distribution is based on actual votes recorded on posts, not possible voting power.
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Yeah, that's what I was thinking...
I'm not sure who that dunamo exchange is, but with 190 million STEEM, they could maybe collect some nice fees with a staking service. Might be worth the effort. No idea, but that's a lot of STEEM.
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Well, Dunamu is a company name. It operates Upbit, the cryptocurrency exchange with the largest market share in South Korea.
Hope this help. :)
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