The Stellar Inflation Rate of of 1% is concerning the total lumens, which you can see here: https://dashboard.stellar.org
-> 100billion * 1.014 =104billion, so approx 4billion inflation lumens till now.
There are on the other hand only approx 20billion lumens available, which means 1/5 of al lumens.
-> That means that there is a relative inflation to all available lumens of over 5%.

  • + all transaction fees added to the inflation pool (e.g. 0.25%).
  • + not every lumen is in a pool with over 0.05% of all available lumens (right now 1billion or 1millionUS). Which means the relative payout to those with an inflation pool should be even higher.

I my case I get via lumenauts 1,25% at , which means 1% inflation rate on my lumens + the transaction costs in the inflation pool, which is right.

But who gets the rest of the 4billion - (20 billion x 0.01% x 4years= 800million) = 3,2billion lumens??

Thanks for your help!

    LHFr The SDF received most of the inflation until now, because they hold the keys to the still undistributed xlm.

      Thanks for your reply! Actually that looks really bad to me, when I do the maths.
      There are 90.000 billion USD World Money supply in the world. Stellar right now with 20billion lumens is at 1,7billion. Compared to other cryptos, they are right now 104,7/19,17=5,46 -> 5,46x1,7= 9,28 billion worth. Makes them number 3 right now.
      The problem is that the market don't know this. They only see the 19,17 billion available and with them via supply and demand the current price is 0,009USD per lumen.
      When you than furthermore increase the total volume via 1% of 100billion, instead of only the available coins(which they should do in my opinion), the set price and the real price per coin are going exponentially apart.
      Because new traded inflation lumens are only created with 20x1.001years and new created ones which are not traded are 104x1.001years. The market will never be able to catch up to that amount, so the SDF has to give them away under their terms, which means a growing dependency on the SDF, which I don't like. Better would be a decreasing dependency by giving away all new coins to only the available coins. Or to slow that process down, only create and give away new lumens to available coins, which to me would be the best.

      I really like Stellar, so don't get me wrong. But I want to know what I am buying or holding, so when someone can clear things more up to me, I would really appreciate it!

        Thanks again for your reply.
        To me Inflation is alright, but not when 80% of it goes to SDF and only 20% to the actual holders of lumens in the real world.

        8 days later

        https://www.stellar.org/roadmap/ at least there is nearly everything I criticised in it. So they seem to it the same way and work on it. Lets see what the future brings... i ll stay optimistic for stellar...