PolyCub MTB & Oracle Staking Revenue Week 31
Polycub is about to go through some big changes as inflation keeps halving every 30 months, switching from relying on inflation to relying on revenue to distribute rewards to the investors. The current weekly inflation is around $3 430 using the current price of Polycub ($0.098).
Since everything is on the blockchain it is quite easy to track how much revenue the protocol is currently generating from the Multi token bridge and the oracle staking.
The revenue generated by Polycub is crucial for the future sustainability of the platform. I hope you find this information helpful and let me know if you want me to start posting the weekly results every Monday.
Multi Token Bridge
HBD
There were a total of 21469 HBD going through the bridge over the previous week. 5300 of those were bridged by the protocol itself using @leo.bank and @leogrowth so that won't count towards the revenue.
The real weekly bridge volume was $16169, multiply that by the 0.005 fees and we get $80.85 revenue for the protocol.
Hive
Bridge Weekly volume: 39408 Hive
Leo wallets volume: 14916 Hive
Real Volume: 24492 Hive
Revenue: 122.46 Hive or $72.01
SPS
The SPS bridge isn't charging any bridge fees at the moment, it is probably some bug. Hopefully, the @leofinance team will fix that soon. I already alerted them on discord.
Oracle Staking
HBD
HBD in Savings: 46 100 + 10 000
Weekly Revenue: 215.18
Hive
In order to calculate the Hive generated I use both the curation APR and the inflation summed. Which amounts to a 12.59% APR.
Hive Power: 50378
Weekly revenue: 121.64 Hive or $71.52
Total Revenue for Week 31:
$439.56
The numbers reflect the revenue generated from the 1st of August until the 7th. Summing all the revenues from each stream we get a total of $439.56.
That is not a good number considering that the current weekly inflation is $3 430. For the price of Polycub to start climbing back up organically with the protocol buybacks, we would need to see the revenue outpace inflation.
It is still impossible for me to track the revenue generated by the arbitrage bot but I'm working on it. According to Khal, it does generate a good amount of revenue for the protocol every week, I would love to see the Leo team publishing more information about it.
Posted Using LeoFinance Beta
https://twitter.com/myfreebitcoin1/status/1557007219677356033
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It's not looking good but I am wondering just how much revenue is generated from the bot. Have you also considered adding in the fee they take from the pools? Every swap done does add a little bit to the treasury.
Posted Using LeoFinance Beta
I would love to know how much the bot generates, Khal has said in previous AMAs that the bot was racking up a lot of revenue for the protocol but I think he never went into the details.
That is a great idea! I have to see if I add that info, it might be complicated since the wallets are always adding and removing liquidity, sending more funds from Hive to the polygon wallets and turning them into liquidity pool tokens, etc... Definitely hard to track and avoid double counting but I'm going to try to include it in my next Polycub revenue post.
Posted Using LeoFinance Beta