My RD is 45 for blitz btw
To your question "What is going on?"... something similar to http://www.glicko.net/glicko/glicko2.pdflichess.org/faq#ratings
elo might not be optimal for internet chess because everyone starts at 1500 and you have no way to know if the player is new to chess or if he is a grandmaster. glicko, with the rd system, can prevent rating inflation/deflation.
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