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It's the ratio of the smallest rectangle where the shape can fit. Inspect the code of the examples and you will notice no extra white space around the shape

Great stuff! Wondering if we'll all soon be using icons with CSS shape()s rather than inline SVGs. I can only see benefits (cacheable icons!) except that we'll need to build a development pipeline to add and edit icons. A conversion library like this might help with converting a folder of SVGs.

I want a “SVG lite” standard that’s essentially just the path attribute specified in a standalone standard – it’s by far the most valuable part of SVG and deserves “liberation” from an otherwise very large and complex spec

If combined with a couple of other basic operations on top, like in Android’s VectorDrawable, then it’s pretty much all that one need for most things

I am not understanding what you mean exactly but if you meant SVG alone is enough to do most of the things then let me tell you that for me it's very very limited and it fails to achieve (at least in a flexible way) most of the things I want.