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