Mound (MND) Update as-of 09-Oct-2021

Highlights this week

  • PancakeBunny’s Qubit SAV TVL as-of 9 Oct 2021 03:40 UTC climb up from 165M last week to 220M USD -> Link
    Note : Read more about Qubit SAV here
  • The principal + rewards of polyBUNNY tokens (in polyBUNNY maxi pool) held by the Dev team = 930,049 + 569,545 = 1,499,594 tokens. Plus, additional “25,380” polyBUNNY sitting in the wallet without farming -> Link
  • The QBT collateral ratio will change from 0% to 25% on 12th October 2021 (Delayed from 4th to 12th Oct). Plus, Qubit Network expansion and cross-chain lending at the end of October 2021-> Link

Mound Vault TVL & Status

As-of 9th October 2021 03:45 UTC, the Mound Vault numbers are as follows:

Mound Stats as-of 9th Oct 2021 03:45 UTC


polyBUNNY token supply as-of 9Oct 2021 03:45UTC = 6.708M tokens
polyBUNNY principal tokens in Dev wallet = 953,046 tokens
QBT Reward Prediction
  • BUNNY = 3,000,000 tokens @ 4.30USD : 60% 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 @ 1.72 USD : 168% 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 @ 0.066 USD : 8.833% APR
    Note: I will use the reward rate from my model to calculate the rewards for this week
  • 3 / 2.4635 = 1.217 BUNNY
  • 0 / 2.4635 = 0 polyBUNNY
  • 100 / 2.4635 = 40.592 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 but it will steadily be declined to this rate in upcoming months.
30-Days-Amortization reward rate prediction on 9–16 Oct 2021
Qubit Quarterly Roadmap : QBT Borrowing Power = 0.25 x min(0.15USD, QBT price)
Qubit Quarterly Roadmap : First Network Expansion & Crosschain lending



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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee


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