Got it. You start with 100 HP = 100 Vests. After a year with 100% inflation, the total HIVE pool doubles to 200 HIVE, but your Vests stay at 100 — so your 100 Vests now represent ~200 HP (worth 2x more HIVE). Your voting power didn't dilute; the HIVE supply did, and you own the same slice of the pie. That's the magic of Vests.