of this? And its divided up depending on stake size and length? And t shares represent this value?
Correct
Do you know what the 3.69% is inflating? Is it absolute total supply?
Not really. The 3.69% is the cap on allocated supply inflation (in practice the real cap is more like 3.6% due to certain code limitations). The actual supply inflation or deflation is collectively decided by the staker class. Last time I checked it was 1-1.5%. In short periods it was also negative (deflationary).
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