Stake-weighted payout delay

markopaasila (65) in steem • 9 years ago

How does stake-weighted payout delay exactly work?

Is this right:

If one vote is cast, the payout is after 24h
If within 24h another vote is cast, the payout is delayed 24h * vote2 / ( vote1 + vote2 ), where voteN is the weight of the vote
If votes continue to be cast, the payout delay is adjusted to 24h * weightOfLastVOte / sumOfWeightsOfAllVotes each time
The payout happens when no votes are cast within the last delay.
Voting can continue, but it starts from 0

9 years ago by markopaasila (65)

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fbdan (45) · 9 years ago (edited)

The equation is:

PayoutTime = SumOf((TimeOfVote[x]+24h) * weight[x]) / SumOf(weight[x])

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markopaasila (65) · 9 years ago

That leaves some things unclear. What is the unit of time and does x refer to the last vote?

I'm wondering how it actually behaves. Does it mean the bigger the total score the smaller the delay added by each additional vote?

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fbdan (45) · 9 years ago

TimeOfVote and weight are arrays where the index, x, is the vote. SumOf means iterate over all values of x from 0 to the number of votes.

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markopaasila (65) · 9 years ago

I guess I got it wrong. That wouldn't work. After 24 votes there would only be 1h time to get a new delay.

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