Yes, of course, the amount might also be higher due to SBD rewards being paid out are way above peg. But then it would even be more skewed for people curating on Hive, or am I missing something?
- Curating on Hive => 50%
- self-voting/vote-selling on Steem => 200%
The steem APR has been 25% for months, and reached 22% only two months after we left for hive. SBD is not the reason, since it was at 1$ or even less.
@miniature-tiger
I would guess that the dLease market on Hive is also driven by something close to 100% of vote. People can obtain that by leasing as a group and circular voting. Since this is the most profitable strategy it will drive the market price even if not everyone uses dLease for that purpose.
I think most people won't do it due to the risk of getting downvoted.