Mound (MND) Update as-of 06-Nov-2021

News

  • Bunny x Cantata.io partnership on NFT -> Link
  • Bunny Play-to-earn games service -> Link

MND Status as-of 06-Nov-2021

TVL (Total Value Locked) = 18.295 Million USD
BUNNY tokens = 3 Million tokens
QBT tokens = 100 Million tokens
Total MND Staked = 2.235 Million tokens (82.24% of total supplies)

Mound Stats as-of 6th Nov 2021 02:00 UTC
  • MND tokens = 8,170 MND
  • WBNB tokens = 55.72 WBNB
  • APR% = 202.54%
MND/WBNB PCS Liquidity Pool

PCB/QBT/polyBunny Status as-of 06 Nov 2021

  • Accumulated treasury amounts from Prediction Market increased from 3.1682 BNB last week (31 Oct 2021) to 3.9131 BNB today (6 Nov 2021).
Prediction Market Treasury Amount
PCB vs Qubit Stats as-of 6 Nov 2021
  • The PolyBunny Maxi pool’s principal held by the Dev team = 985,712 tokens
  • Estimated polyBUNNY tokens minted to Dev Wallet = 2,000 tokens per day
  • Days Left to reach 1M polyBUNNY on principal side = 7.144 days (Around 13 Nov 2021)
Dev Wallet : polyBunny Principals

MND Valuation as-of 6 Nov 2021

The underlying assets in the Mound Vault are as follows:

  • BUNNY = 3,000,000 tokens @ 3.21 USD : 59% 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 @ 1.169 USD : 139% 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 @ 0.07 USD : 9.76% APR
    Note: After monitoring the results, the QBT reward rate has been declined from 0.0159 QBT/MND (23 Oct 2021) to 0.0144 QBT/MND (31 Oct 2021 and my model indicates that the reward rate may keep being declined to 0.0120 QBT/MND or 9.76% APR.
  • 3 / 2.48 = 1.2096 BUNNY
  • 0 / 2.48 = 0 polyBUNNY
  • 100 / 2.48 = 40.322 QBT

MND Valuation as-if we have polyBUNNY added to the vault

Someone may ask, what if we have polyBUNNY added to the MND vault, how much NAV and APR?

  • 3 / 2.48 = 1.2096 BUNNY
  • 1 / 2.48 = 0.4032 polyBUNNY
  • 100 / 2.48 = 40.322 QBT
  • The MND vault APR will eventually decline to this rate after all accumulated BUNNY rewards before 1st claim date are all distributed. It won’t be empty immediately after 10 Oct 2021 but it will steadily be declined to this rate in upcoming months.
  • This APR is calculated against MND NAV (which is 7.177 USD). So, if we calculate the APR vs MND market price (which is less than 5 USD), we should get much better rate.

MND Vault Reward Prediction next week

Using the 30-days-amortization reward distribution method, we can then predict the reward per MND during 7–14 Nov 2021 as shown in the table below.

30-Days-Amortization reward rate prediction on 7–14 Nov 2021

Thoughts

I believe this month will be a very huge step for PancakeBunny utilities. It could be attractive enough to convince more people to buy and stake the BUNNY tokens so that they can participate and/or gain some benefits from these NFT and Game projects.

Sneak peek : Bunny Games
Sneak peek : Bunny NFT

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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee

187 Followers

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