Mound (MND) Update as-of 14-Nov-2021

BUNNY Arcade

News

  • REVV Racing : Staking BUNNY to earn REVV, getting the NFT (Bunny cars) -> Here and Here
  • BUNNY UI Update -> Link

MND Status as-of 14-Nov-2021

Mound Stats as-of 14th Nov 2021 10:45 UTC
  • MND tokens = 9,280 MND
  • WBNB tokens = 48.00 WBNB
  • APR% = 122.22%
MND/WBNB PCS Liquidity Pool

PCB/QBT/polyBunny Status as-of 14 Nov 2021

  • Accumulated treasury amounts from Prediction Market increased from 3.9131 (6 Nov 2021) to 4.1688 BNB (14 Nov 2021).
Prediction Market Treasury Amount
PCB vs Qubit Stats as-of 14 Nov 2021
  • The PolyBunny Maxi pool’s principal held by the Dev team = 997,858 tokens
  • Estimated polyBUNNY tokens minted to Dev Wallet = 1,500 tokens per day
  • Days Left to reach 1M polyBUNNY on principal side = 1.428 days (Around 15 Nov 2021)
Dev Wallet : polyBunny Principals

MND Valuation as-of 14 Nov 2021

  • BUNNY = 3,000,000 tokens @ 2.71 USD : 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 @ 1.074 USD : 155% 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 @ 0.057 USD : 5.28% APR
    Note: After monitoring the results, the QBT reward rate has been declined from 0.0137 QBT/MND (6 Nov 2021) to 0.0122 QBT/MND (14 Nov 2021) and my model indicates that the reward rate could keep being declined to 0.0065 QBT/MND or 5.28% APR.
  • 3 / 2.4835 = 1.2079 BUNNY
  • 0 / 2.4835 = 0 polyBUNNY
  • 100 / 2.4835 = 40.2657 QBT

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

  • 3 / 2.4835 = 1.2079 BUNNY
  • 1 / 2.4835 = 0.4026 polyBUNNY
  • 100 / 2.4835 = 40.2657 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 6.001 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

30-Days-Amortization reward rate prediction on 15–21 Nov 2021

Thoughts

Team Bunny Roadmap : 2021 Q4
  1. It seems like the team already marked the Qubit Network Expansion working item in “2021 Q4” lane as “Done” after Klaytn expansion being announced. So, I’m not sure we will see more network expansions on Polygon (or other) before the end of this year or not.
  2. According to the MND Vault introduction article, it mentioned that an optimal share of fees from the fee-based product such as “In Chain Multiplexers” will be distributed to the MND vault. So, since the In-chain Multiplexer is in “Work-in-Progress” status in the “2021 Q4” lane. So, the MND vault investors may expect the optimal share of In-chain multiplexer fees as an additional income stream before the end of 31-Dec-2021.
MND Vault : Introduction 2.1

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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee

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

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