Mound (MND) Update as-of 25-Sep-2021

Highlights this week

  • The Mound Vault begins QBT farming and the team contributed 490,253 QBT rewards to the MND vault on 24 Sept 2021 08:00 UTC. Kudos to the team -> Link
  • PancakeBunny’s Qubit SAV TVL as-of 25 Sept 2021 12:00 UTC reached 172.8M USD -> Link
    Note : Read more about Qubit SAV here
  • The principal + rewards of polyBUNNY tokens (in polyBUNNY maxi pool) held by the Dev team = 905,916 + 472,108 = 1,378,024 tokens. Plus, additional “25,380” polyBUNNY sitting in the wallet without farming -> Link
  • Qubit X Alpaca Partnership -> Link
  • Qubit AMA on Alpaca Telegram -> Link

Mound Vault TVL & Status

Mound Stats as-of 25 Sept 2021 12:20 UTC


Qubit x Alpaca AMA on Telegram : Qubit Network Expansion in Oct 2021
Daily QBT Reward from Dev’s model
Accum QBT rewards = 527.29K as-of 25 Sept 2021 13:00 UTC
  • BUNNY = 3,000,000 tokens @ 3.27 USD : 69% 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 @ 1.35 USD : 209% APR
    Note: The polyBUNNY maxi APR rate begins to decline, it seems to me like the polyBUNNY accumulated rewards in the pool will be empty soon. Since the FRE mechanism is now using 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 @ 0.09 USD : 5.96% APR
    Note: I will use the rate from the Dev’s model to calculate the rewards for this week
  • 3 / 2.4425 = 1.228 BUNNY
  • 0 / 2.4425 = 0 polyBUNNY
  • 100 / 2.4425 = 40.941 QBT
  • This number is the daily reward actually generated by Mound vault not counting the 75-days-accumulated BUNNY rewards from previous months
  • You may notice that the APR on the Mound website showing 100++% APR but please keep in mind that the rewards distributed this month includes both the 75-days-accumulated BUNNY rewards and the actual daily reward.
30-Days-Amortization rewards during 24 Sept — 1 Oct 2021
  • [Marketing] Bring back the BUNNY->WBNB pool that is the main selling point of PCB platform
  • [Usability] Develop Prediction Market on Mobile
  • [Marketing] Enhance BUNNY maxi pool so the investors can see & choose which token they need to get as their rewards (BTCB, ETH, BNB, CAKE, etc.) after clicking the claim button
  • [Marketing] Adjust the FRE mechanism to buy back the BUNNY and burn them at the weekend instead of sending as the claiming rewards
  • etc.
Qubit x Alpaca AMA on Telegram : Est. Protocal Fee Sharing within 2 months




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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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