Mound (MND) Update as-of 16-Jan-2022

News

  • Voting proposal to Adjust Bunny Emissions -> Link
Proposal to Adjust Bunny Emissions
  • Voting proposal to Adjust Bunny Fee Structure -> Link
Proposal to Adjust Bunny Fee Structure
  • Voting Proposal to Adjust from MND Vault to MND-BNB LP Vault -> Link
Proposal to Adjust Mound Vault for MND-BNB LP

MND Status as-of 16-Jan-2022

Total MND Staked = 2.250 Million tokens (82.80% 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 : 137% APR
  • 0.00204 BUNNY/MND/day
  • 0.00728 QBT/MND/day
  • 0.05460 polyBUNNY/MND/month*
Mound Stats as-of 16-Jan-2022 13:30 UTC
  • 12,070 MND / 30.51 WBNB / APR% = 41.16%
MND/WBNB PCS Liquidity Pool

BUNNY/PolyBUNNY/QBT Status as-of 16-Jan-2022

PCB vs Qubit Stats as-of 16-Jan-2022
  • PancakeBunny xLP : 6 Pools with 3.8M USD TVL
PancakeBunny xLP Pools
  • Qubit x-Collateral TVL = 198 xETH or 654K USD with 13 suppliers
Qubit xETH
  • polyBUNNY in MND Vault : Accumulated Rewards since 16th Dec 2021 until now (16th Jan 2022 13.50UTC) = 145,873 tokens. The rewards should be released after the dev team finish the manual calculation on how to distribute the polyBunny to each MND vault stakers.
polyBUNNY in MND Vault
  • 33 million QBT tokens (belong to the MND vault) on the QBT Deposit market
https://tin.network/en/dashboard -> 0xb67cc06bdc7a0d744991ba4611af37f7ea70f80d
  • The trend of QBT in Supply Market vs Qubit TVL
QBT in Supply Market vs Qubit TVL : 23th Oct 2021 — 9th Jan 2022
  • BUNNY Supply Net Rate = 42.33%, Borrow Net Rate = -19.44%
  • 77.88K / 155.52K = 50.07% BUNNY tokens are borrowed
  • 149 BUNNY Suppliers vs 40 BUNNY Borrowers
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

Accumulated reserved assets on Qubit Platform

As-of 16-Jan-2022 14:15UTC, the BSC Qubit protocol fees are around 866,000 USD and can be separated as the following assets:

Thoughts

According to the latest voting trends, here are my thoughts:

  • MND Vault Voting Trend
MND Vault Voting Trend on 16th Jan 2022
MND Distribution Article since 26th Jul 2021
  • BUNNY Emission & Fee Structure Voting Trends
BUNNY Emission & Fee Structure Voting Trends as-of 16th Jan 2022
  • The rewards of Single Vaults will no longer be paid by BUNNY
  • The rewards of LP Vaults may include less BUNNY
  • The APY of Single & LP Vaults will drop from now because we will no longer mint additional 6% BUNNY rewards for Single Vaults and mint lower BUNNY rewards for LP vaults.
    Before change:
    The investors on SAV pools will get 100% QBT+ 6% Additional BUNNY
    The investors on LP pools will get 70% LP + 30% BUNNY + 6% Additional BUNNY = 106%
    After change:

    The investors on SAV pools will get 100% QBT
    The investors on LP pools will get 100% LP + 0-6% Additional BUNNY -1% auto-compounding fee = 99–105%
  • The BUNNY-BNB LP TVL will be increased from the portion of auto-compound and withdrawal fees BUT the APR of this pool could be decreased because some CAKE rewards will be divided to buy back the BUNNY for 50% burn and 50% marketing
  • The BUNNY Maxi Pool APR could be increased or stabilized at this rate (50% APR / 64.82% APY) because the pool will receive the portion of auto-compound and withdrawal fees
  • The Monthly Profits on UI will be decreased because we will no longer charge 30% performance fee BUT will charge 1% auto-compounding fee (Even the withdrawal fee will be increased from 0.5% to 1% but the overall fees will eventually be decreased)
  1. Venus SAV
  2. BUNNY > WBNB Pool
  3. More In-Chain Multiplexer (xLP) pools
  4. Cross-chain Multiplexer pools

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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee

187 Followers

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