Why has bitGold got a negative yield on bitsharesblocks.com?

Started by monsterer, June 14, 2015, 04:40:18 PM

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vikram

#2
June 14, 2015, 05:25:12 PM
The fee pool for GOLD is negative since before the latest supply-fixing hardfork, it was the case that more GOLD existed than owed by short positions (due to previous market rounding errors). Supply must always equal debt, so to balance it out, the fee pool went negative. This negative pool has to get paid down by fees before GOLD will provide any yield.

monsterer

#1
June 14, 2015, 04:40:18 PM
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