Mound (MND) Update as-of 22-Aug-2021

Highlights this week

  • QBT Launch scheduled on August 24th (UTC)-> Link
  • The principal + rewards of polyBUNNY tokens (in polyBUNNY maxi pool) held by the Dev team = 829,881 + 240,084 = 1,069,965 tokens-> Link
  • The Bunny>WBNB Legacy Pool was expired on 19 Aug. So, please don’t forget to redeem your funds -> Link
  • From now on, the performance fee will directly tie to BUNNY Maxi Pool APR. However, the fee will be added to the Maxi pool only if the BNB/BUNNY ratio is less than FRE Threshold ratio (40)
    -> Want to understand FRE, Read more

Mound TVL & Status

As-of 22 August 2021 11:33 UTC, the Mound Vault numbers are as follows:

Mound Stats as-of 2021–08–22 11:33 UTC


QBT Vault on PancakeBunny
  1. The “% of portion” of the bonus QBT rewards generated by the PancakeBunny SAV Vaults that will be “delivered” to the QBT Vault
    >>> I predicted 30–100% of the bonus QBT will be delivered
  2. The “% of PancakeBunny SAV lending amounts” compared to the total lending/borrowing amounts on Qubit Platform
    >>> I predicted 80% will be from the SAV
  • BUNNY = 3,462,250 tokens @ 7.16 USD : 77% APR
    Note: The Bunny Maxi APR was dropped to 77% due to the fact that the reward in the pool was rebooted on 19 Aug. And the FRE mechanism is now using all performance fees to stabilize the BUNNY price by buying back BUNNY from the market instead of minting BUNNY as rewards to the pools. So, since 19 Aug until now, the Bunny Maxi pool hasn’t got the performance fees to boost its APR. However, you may notice that the FRE cannot win the selling pressure right now. That’s why the BUNNY Price is still dropping even we have been diligently buying our BUNNY back from the market.
    Need to understand BUNNY FRE -> Read my FRE article here
  • polyBUNNY =1,069,965 tokens @ 3.94 USD : 209% APR
  • QBT = 100,000,000 tokens @ 0.6067 USD : 0% APR
  • 1.2740 BUNNY
  • 0.3937 polyBUNNY
  • 36.797 QBT
  1. Bunny Maxi APR dropped to 77%
  2. QBT Vault will launch early on approx. 24–25 Aug with 70% APR
  • 600,000 BUNNY (Dropped from my last estimation which is around 700,000 BUNNY)
  • 180,000 polyBUNNY (Same prediction)
  • 3,000,000 QBT (191,780 QBT per day x 16 days)
  • 600,000 / 2,717,604 = 0.220 BUNNY
  • 180,000 / 2,717,604 = 0.066 polyBUNNY
  • 3,000,000 / 2,717,604 = 1.103 QBT
  • 2,717,604 tokens fixed supply (All of them have already been minted)
  • It will basically hold 3,000,000 BUNNY tokens / 1,000,000 polyBUNNY tokens / 100,000,000 QBT tokens in the vault
  • The MND token holders can claim their 1st rewards from the vault first time on 10th September (could be around 0.220 BUNNY, 0.066 polyBUNNY and 1.103 QBT per MND token)
  • On 10th September 2021, “all” tokens in the Mound vault will being farmed to generate yield for MND token holders
  • After the 1st claim, the holders can claim their daily rewards (could be around 0.06–0.08 USD per MND token)
  • In the future (2+ months), the Mound team could add some new project’s token and the fees to the Mound Vault. That means more rewards for the MND token holder in the far future
  • In 2 years from now, they “could” have a vote to redeem the tokens from the vault (eg. BUNNY, polyBUNNY, etc.) and return them back to the MND token holder



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Tanate Sukonrattanamaetee

Tanate Sukonrattanamaetee


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