Mound (MND) Update as-of 02-Oct-2021

Highlights this week

  • PancakeBunny’s Qubit SAV TVL as-of 2 Oct 2021 09:15 UTC dropped from 172.8M to 165M USD -> Link
    Note : Read more about Qubit SAV here
  • The principal + rewards of polyBUNNY tokens (in polyBUNNY maxi pool) held by the Dev team = 917,927 + 523,961 = 1,441,888 tokens. Plus, additional “25,380” polyBUNNY sitting in the wallet without farming -> Link
  • All participants of the Qubit protocol will receive 50% bonus rewards for 3 weeks (5th -26th October 2021) and the QBT collateral ratio will change to 25% on 4th October 2021 -> Link
  • PancakeBunny UI Update -> Link

Mound Vault TVL & Status

As-of 2nd October 2021 09:15 UTC, the Mound Vault numbers are as follows:

Mound Stats as-of 2 Oct 2021 09:15 UTC


polyBUNNY token supply as-of 2 Oct 2021 09:25UTC = 6.615M tokens
polyBUNNY principal tokens in Dev wallet = 941,146 tokens
Daily QBT Reward from Dev’s model
QBT Reward rate since 24–30 Sep 21
  • BUNNY = 3,000,000 tokens @ 4.93USD : 64% APR
    Note: Since 19 Aug until now, the Bunny Maxi pool hasn’t got the performance fees to boost its APR because the FRE mechanism is now using all fees to buy back BUNNY from the market instead of minting new ones
    Need to understand BUNNY FRE -> Read my FRE article here
  • polyBUNNY = 0 tokens @ 1.35 USD : 183% APR
    Note: The polyBUNNY maxi APR rate keep declining, it seems to me like the polyBUNNY accumulated rewards in the pool will be empty soon. Since the FRE mechanism is now using all fees to buy back polyBUNNY from the market instead of minting new ones, so we haven’t had remaining fees to fill-in rewards to the polyBUNNY maxi pool.
  • QBT = 100,000,000 tokens @ 0.079 USD : 10.833% APR
    Note: I will use the reward rate from my model to calculate the rewards for this week
  • 3 / 2.4535 = 1.223 BUNNY
  • 0 / 2.4535 = 0 polyBUNNY
  • 100 / 2.4535 = 40.758 QBT
  • This number is the daily reward actually generated by Mound vault not counting the 75-days-accumulated BUNNY rewards from previous months
  • You may notice that the APR on the Mound website showing 100++% APR but please keep in mind that the rewards distributed this month includes both the 75-days-accumulated BUNNY rewards and the actual daily reward.
30-Days-Amortization reward rate prediction on 2–9 Oct 2021
Qubit Network Expansion & Collateral Ratio change from 0 to 25%



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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee


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