Mound (MND) Update as-of 13-Feb-2022

References:

  • Qubit Protocol Exploit Reports on 28-Jan / 29-Jan / 31-Jan / 1-Feb
  • Theori Blog : Qubit Bridge Post-mortem
  • Hacker moved around 7,500 stolen ETH to Tornado on 7-Feb -> Here
  • Qubit announced the compensation plan and next steps -> 8-Feb / 11-Feb
  • The announcement regarding the Mound dev team restructuring and transform the protocols to DAO -> Here

MND Status as-of 13-Feb-2022

Total MND Staked = 2.189 Million tokens (80.55% of total supplies)

  • 3 / 2.3 = 1.304 BUNNY/MND : 51% APR
  • 100 / 2.3 = 43.478 QBT/MND : 5.38% APR
  • 1 / 2.3 = 0.4347 polyBUNNY/MND : 146% APR
  • Note : From the hacker’s wallet address, it seems to me like the hacker didn’t borrow any QBT and the 89.5M QBT liquidity still exists on the platform. So, the implication is that the 33.33M QBT belong to the MND vault was not stolen.
  • 0.00200 BUNNY/MND/day
  • 0.00712 QBT/MND/day
  • 0.05597 polyBUNNY/MND/month*
Mound Stats as-of 13-Feb-2022 01:00AM UTC
  • 14,820 MND / 13.10 WBNB / APR% = 104.41%
MND/WBNB PCS Liquidity Pool

BUNNY/PolyBUNNY/QBT Status as-of 06-Feb-2022

Since all liquidities on Qubit platform (except QBT) were stolen, I will not update the statistics related to the BUNNY Qubit SAV, Qubit Deposit Market and Qubit Borrow Market at the moment. However, the following items can still be tracked:

PancakeBunny xLP Pools
  • PancakeBunny Venus Vaults : 5 Pools with 5.7M USD TVL
PancakeBunny Venus Vaults
  • polyBUNNY in MND Vault : Accumulated Rewards since 17th Jan 2022 until now (13th Feb 2022 01.00UTC) = 102,448.238 tokens
polyBUNNY in MND Vault
  • 33.33 million QBT tokens (belong to the MND vault) on the QBT Deposit market. The 5th tranch (8.33M QBT) schedule has been delayed due to the exploit.
https://tin.network/en/dashboard -> 0xb67cc06bdc7a0d744991ba4611af37f7ea70f80d

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

Accumulated reserved assets on Qubit Platform

Since the liquidities were stolen, I cannot update the Qubit reserved assets at the moment.

Thoughts

Here’s the results from 51 google-form responses last week,

Google-Form Results as-of 13th Feb 2022 01.00UTC : 51 Responses
Bounty Program : 500K USD
  1. To Provide some key information that can/might lead to the exploiter identity : 500K USD maximum as prior
  2. To “hunt” the hacker (fully and obviously identify the hacker identity) : “8M USD paid by the stolen funds
  • BUNNY/polyBUNNY tokens will be capped
  • BUNNY/polyBUNNY maxi pool APR will depend on the 0.9% auto-compounding fee & 0.9% withdraw-before-72-hours-fee charged from the Vault investors
  • BUNNY/BNB LP and polyBUNNY/ETH will depend on the 0.1% auto-compounding fee & 0.1% withdraw-before-72-hours-fee charged from the Vault investors
  • BUNNY maxi pool rewards will be paid in BUNNY and BNB (I guess in 50:50 ratio)
  • polyBUNNY maxi pool rewards will be paid in polyBUNNY and ETH (I guess in 50:50 ratio)
  • QBT stakers (on Qubit locker) should get the protocol fee sharing aka Qubit reserves got from the Qubit new markets (could be in term of BNB and/or other tokens)
  • MND vault rewards will be distributed as BUNNY / BNB / polyBUNNY / ETH / QBT Reserves (in term of BNB and/or other tokens)
  • MND/BNB LP will be increased (Wait for the team to confirm they will unstake 15% or 100% of their MND to create MND/BNB LP)
  • The investors on PCB Qubit SAV pools will get compensation from the team
  • The investors on Qubit Deposit Market will get compenstation from the team
  • The investors can use the new Qubit markets to deposit/borrow their assets
  • The investors will no longer be able to invest on the xLP (Leveraged Yield Farming) pools
  • The investors on all PancakeBunny vaults (except BUNNY maxiand BUNNY/BNB pools) will no longer get BUNNY rewards and 1% of their rewards will be charged as auto-compounding fees
  • The investors on all polyBunny vaults (except polyBUNNY maxi and polyBUNNY/ETH pools) will no longer get polyBUNNY rewards and 1% of their rewards will be charged as auto-compounding fees

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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee

187 Followers

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