Mound (MND) Update as-of 17-Oct-2021

MND Status as-of 17 Oct 2021

Mound Stats as-of 17th Oct 2021 01:45 UTC

PCB/QBT/polyBunny Status as-of 17 Oct 2021

  • PCB SAV TVL = 233M USD / Qubit TVL = 719M USD
  • The ratio of PCB SAV TVL / Qubit TVL = 32.30%
  • QBT Supply = 42.096M Tokens / Qubit locked = 31.503M Tokens
  • The ratio of bQBT / All Locked QBT = 77.73%
  • The principal of polyBUNNY tokens held by the Dev team = 949,962.687 + 14,307.725 + 8,962.923 + 5.395 = 973,238.73 tokens
  • Estimated polyBUNNY tokens minted to Dev Wallet = 2,000 tokens per day
  • Days Left to reach 1M polyBUNNY on principal side = 13.38 days (Around 31 Oct 2021)
Dev Wallet : polyBunny Principals

MND Valuation as-of 17 Oct 2021

  • BUNNY = 3,000,000 tokens @ 4.35USD : 58% 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 @ 1.75 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 @ 0.062 USD : 12.25% APR
    Note: After monitoring the results, we’ve kept getting better and better QBT reward rate from 0.0099 QBT/MND last week to 0.0136 QBT/MND today (17 Oct 2021). Since there is the 50% boost rewards, we will keep getting much better rate next week(Could be around 0.0168 QBT/MND on 26 Oct). However, after 26 Oct, my latest model indicates that the reward rate should steadily decline to around 0.0150 QBT/MND/day or 12.25% APR.
MND/WBNB Liquidity on PancakeSwap
  • 3 / 2.4705 = 1.214 BUNNY
  • 0 / 2.4705 = 0 polyBUNNY
  • 100 / 2.4705 = 40.477 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.

MND Vault Reward Prediction next week

30-Days-Amortization reward rate prediction on 17–26 Oct 2021

Thoughts

DefiStation : PCB TVL
QBT.FI : Qubit TVL
Team Bunny Roadmap
  • Network Expansion
    According to the latest Qubit tweet related to the airdrop campaigns with Klaytn. So, we may expect the first Qubit expansion to Klaytn network by the end of October 2021. And, yeah, we may expect some cross-chain borrowing power from Klaytn which could positively increase the Supply APR on Qubit platform.
    IMPORTANT : This is just my assumption. So, it could totally go wrong.
Qubit : Airdrop campaigns with Klaytn
  • Bunny Game Tab
    As previous version of the roadmap mentioned about “Bunny Burrow” project which I’m guessing it could be a game. However, with this new generalized keyword “Game Tab”, I’m guessing the team might develop many games in a “tab” in this quarter.
  • In-Chain Multiplexer
    If we refer to the knowledge of how ETH->BSC Multiplexer works in the “Bunny Cross-chain Farming Development” article, it seems to me like the team is now working on creating the mechanism on PancakeBunny platform to allow the investors to post their BSC LP (such as Pancakeswap BUSD/BNB LP) as collateral and receive the borrowing power from Qubit to increase their returns. Hopefully, my assumption is correct.
    IMPORTANT : This is just my assumption. So, it could totally go wrong.
Bunny Cross-Chain Mechanism

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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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