Is the Inflation of 1% concerning the total lumens or the lumens available? : https://dashboard.stellar.org
Because it looks like it would be 1% of of total lumens, which means 100billion. (100billion * 1.01^4 =104billion). There are only approx 20billion lumens available, which means 1/5. of all 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.
Because I get via lumenauts (only) 1,25%, so I guess there is some mistake in my calculation? If there would be only an inflation of 1% to all available lumens, everything makes senses.
However I then don't understand where the 4billion lumens are coming from, when initially only 100billion were created;
Thanks for your help!
