Mound (MND) Update as-of 01-Jan-2022

Tanate Sukonrattanamaetee
5 min readJan 1, 2022


Hello Mound Fam,

Happy new year!

I will try to recap things related to the MND vault in term of following graphs:

  • The BUNNY reward rate has been declined from 20,000 BUNNY/day to around 4,000 BUNNY/day
  • The QBT reward rate started with 16,000 QBT per day and increased to 35,000 QBT per day then declined to 18,000 QBT per day.
BUNNY & QBT Reward Distribution from MND Vault
  • So far, the rewards distributed to 1 MND includes around 0.45 BUNNY, 1.05 QBT and 0.06 polyBUNNY
MND Vault Staker — Accumulated Rewards per 1 MND
  • So far, 4 QBT tranches (4 x 8.33M = 33.33M tokens) from MND vault have been added to the Qubit Deposit Market
MND Vault’s QBT on Deposit Market

That’s all I’ve had for now. So, Let’s get back to our norm!


  • BUNNY>WBNB Pool will come back soon
  • Single Asset Vaults (SAV) utilizing Venus will come back soon
  • New business model for polyBunny will be voted soon
Bunny 2021 Recap

MND Status as-of 01-Jan-2022

Total MND Staked = 2.246 Million tokens (82.64% of total supplies)

Underlying Assets per 1 MND & APR

  • 3 / 2.3 = 1.304 BUNNY/MND : 52% APR
  • 100 / 2.3 = 43.478 QBT/MND : 5.38% APR
  • 1 / 2.3 = 0.4347 polyBUNNY/MND : 166% APR

Reward Distribution per 1 MND as-of 1 Jan 2022

  • 0.0022 BUNNY/MND/day
  • 0.00806 QBT/MND/day
  • 0.0643 polyBUNNY/MND/month*
Mound Stats as-of 01-Jan-2022 04:00 UTC

Reward prediction next week

If we have 1,000 MND staked in the MND Vault, we should get around:

02-Jan-22 = 2.15 BUNNY + 8.06 QBT
03-Jan-22 = 2.15 BUNNY + 8.06 QBT
04-Jan-22 = 2.14 BUNNY + 8.06 QBT
05-Jan-22 = 2.13 BUNNY + 8.06 QBT
06-Jan-22 = 2.12 BUNNY + 8.06 QBT
07-Jan-22 = 2.12 BUNNY + 8.06 QBT
08-Jan-22 = 2.11 BUNNY + 8.06 QBT

16-Jan-22 = 2.06 BUNNY + 8.05 QBT + 64.3 polyBUNNY**

* According to the PolyBunny Farming & Reward Distribution Mechanism mentioned in the team’s article, the polyBUNNY monthly rewards will be distributed on 16th of each month.

MND/WBNB PCS Liquidity Pool

  • 11,900 MND / 38.52 WBNB / APR% = 61.64%
MND/WBNB PCS Liquidity Pool

BUNNY/PolyBUNNY/QBT Status as-of 01-Jan-2022

PCB vs Qubit Stats as-of 01-Jan-2022
  • polyBUNNY in MND Vault : Accumulated Rewards since 16th Dec 2021 until now (1st Jan 2022 04.20UTC) = 73,108 tokens. For 30 days, we should get around 140,000 tokens.
polyBUNNY in MND Vault
  • 33 million QBT tokens (belong to the MND vault) on the QBT Deposit market
  • BUNNY Supply Net Rate = 67.24%, Borrow Net Rate = -56.44%
  • 93.50K / 164.03K = 57% BUNNY tokens are borrowed.
BUNNY Supply & Borrow Market on Qubit

Accumulated BNB for buying back & burn BUNNY

According to my update on 18-Dec-2021, the estimation shows that the accumulated BNB in our treasury
= 453 + 28 + 12.60 + 5.59 = 499.19 BNB

At the time I am writing this article (01-Jan-2022 04:20UTC), the BUNNY Price is 1.083 USD & the BNB price is 516.846 USD. So, we can burn around 499.19 x 516.846 / 1.083 = 238,231 BUNNY

Accumulated reserved assets on Qubit Platform

As-of 01-Jan-2022 04:20UTC, the BSC Qubit protocol fees are around 843,000 USD and can be separated as the following assets:

Note : The “Qubit Protocol Fee Sharing” seems to be delayed to Q1 Y2022

Twitter : Qubit Roadmap


For this week, honestly, I have nothing to discuss about because we will need to wait for the voting proposal regarding polyBunny’s new business model, the BSC Bunny tokenomics adjustment, Bunny roadmap in 2022 and more.

Anyway, I would like to thank our family that keep reading and supporting these articles (This article is the 23rd weekly update!!!).

As always, I will try my best to share the news and analyze the things as much as I can so that our family can better understand the big picture of the Mound ecosystem and I do hope our family will enjoy reading these updates throughout this year.

Happy new year 2022!!!


Thank you for reading this long article. You may notice so many assumptions and calculations in this weekly update. So, please don’t treat these as financial advices and try to DYOR, I will try my best to not being too optimistic or pessimistic as well.

Lastly, please feel free to share any facts or thoughts regarding Mound here so we can strengthen this and upcoming articles to be more helpful for our family.



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My MND Articles




Tanate Sukonrattanamaetee

A Software engineer who loves reading and sharing any interesting and useful things