Well, I have to say I'm well confused...these are white leds....have a forward voltage of 3.175V (for 20mA), I can only imagine my DC readings (& my brain) are being put out of whack by using a meter that's not factoring in the PWM (which with a HPWM duty cycle figure of 89, means the voltage is only there 1/3rd of the time)....I need a strong coffee to ponder this one more!