@miuq wouldn’t the rewards be higher when you perform all votes? Because the rewards from the many people who don’t vote go to the people who do vote, giving the 100% voters more voting power relative to their amount staked - resulting in a higher APY reward from the ASR.
Or did you already include this factor into your calculations with the ‘‘Staked JUP used for voting - 81,7%’’?
Also important to note is that when talking about ASR in the context of Jupuary round #2, we have to consider that ASR was rewarding stakers with 45%+ APY. The reason for this is that Jupuary round #2 is roughly November 2023 - November 2024 where the APY of ASR was well above 45%. But I know that that’s not the point of this post, so it’s more of a sidenote.