Mound (MND) Update as-of 09-Jan-2022

Hello Mound Fam,

Qubit and Lexer Finance officially announced the strategic partnership and the Lexer will soon provide the Pre-liquidity Mining event and launch the BTC Leveraged Token as their first product.

For anyone who’s waiting for the voting proposals on BUNNY, polyBUNNY and MND, there is no ETA at the moment. So, hopefully, those proposals will be published next week.


Qubit x Lexer Strategic Partnership
1000blicks space : x-bunny

MND Status as-of 09-Jan-2022

Total MND Staked = 2.247 Million tokens (82.68% of total supplies)

Underlying Assets per 1 MND & APR

Reward Distribution per 1 MND as-of 9 Jan 2022

MND rewards per day in USD
= [(0.00211 x 0.8779) + (0.00760 x 0.010) + (0.06232 x 0.17 / 30)]
= 0.00281 USD per MND per day

APR vs MND Market Price = 0.002281 x 365 / 1.39 = 59.89%
APR vs MND Effective Value = 0.00281 x 365 / 1.94 = 42.91%

Mound Stats as-of 09-Jan-2022 05:00 UTC

Reward prediction next week

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

10-Jan-22 = 2.09 BUNNY + 7.56 QBT
11-Jan-22 = 2.08 BUNNY + 7.51 QBT
12-Jan-22 = 2.07 BUNNY + 7.46 QBT
13-Jan-22 = 2.07 BUNNY + 7.41 QBT
14-Jan-22 = 2.06 BUNNY + 7.37 QBT
15-Jan-22 = 2.05 BUNNY + 7.32 QBT
16-Jan-22 = 2.05 BUNNY + 7.28 QBT + 62.42 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

MND/WBNB PCS Liquidity Pool

BUNNY/PolyBUNNY/QBT Status as-of 09-Jan-2022

PCB vs Qubit Stats as-of 09-Jan-2022
PancakeBunny xLP Pools
Qubit xETH
polyBUNNY in MND Vault -> 0xb67cc06bdc7a0d744991ba4611af37f7ea70f80d
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 (09-Jan-2022 05:20UTC), the BUNNY Price is 0.876 USD & the BNB price is 435.512 USD. So, we can burn around 499.19 x 435.512 / 0.876 = 248,177 BUNNY

Accumulated reserved assets on Qubit Platform

As-of 09-Jan-2022 05:20UTC, the BSC Qubit protocol fees are around 782,000 USD and can be separated as the following assets:

Note : The “Qubit Protocol Fee Sharing” launch plan is on Q1 Y2022


According to the Lexer Finance roadmap, their main products will be BTC/ETH/BNB Leveraged Tokens and Crypto Index Fund.

Lexer Finance Roadmap

From the Lexer’s lite paper, the use-case of the ETH Leveraged Token will allow the investors to short “2x ETH” and long “3x ETH”. These use-cases will accelerate the TVL & utilization rate on Qubit markets especially on BUSD/BTCB/ETH/BNB markets. In the other words, the more TVL & utilization on Qubit markets, the more protocol fee & the better interest rate on Qubit platform.

Lexer Leveraged Token x Qubit


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.



Mound Related Articles written by the Mound team

My MND Articles




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Tanate Sukonrattanamaetee

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