How much BNB rewards should you expect?
I have seen quite a few questions on discord on how much BNB rewards should I expect from the CUB kingdoms, so I thought I would explain in this post.
What are the fees?
There is a 3% fee on the earnings of the Kingdoms. the fee is a performance fee, based on the underlying farm earnings rate.
The table below shows what the earning rate is, and what the daily earnings rate is.
The table shows that it is expected that the BNB earnings will be $55.30 per day.
How is this distributed
the BNB rewards are based on the CUB balance that the Kingdom owner has. There are currently $1,912,748 in the CUB kingdom shown below:
This means that the per day, you will earn 55.30/1912748 = 0.0029%
1 BNB is worth $340, and 1 CUB is worth $0.67
For every 10,000 CUB , you would earn 10000 0.67 0.000029/340 = 0.00057 BNB per day
Why don't I see any BNB rewards
The BNB rewards on the user interface are rounded to 3 decimal places, that mans if you have 10,000 CUB, you would need to wait 2 days before you would see it, even longer if you have less CUB.
How frequently are BNB rewards accumulated?
The rewards are accumulated each time the "earn function is run on the kingdom. This function appears to not be run automatically, and is run by the LEO finance team. Sometimes its daily, sometimes is less frequent.
How come I get less than your calculations?
There is one outstanding issue with the Cake kingdom, where the burn, and BNB rewards are only accumulated since the last deposit rather than since the last compound. This means the CAKE kingdom is charged less fees than the others, great for Cake kingdom holders, not as good for CUB holders. This only happens on the Cake kingdom, but that's half the expected rewards. I don't expect future kingdoms will have this issue as it only relates to kingdoms that are single coin and provide earnings in the same coin that is farmed.
What about the future?
there are lots of exciting things on the roadmap for CUB, you can read them on LEO Finance's post. On item that is bound to increase BNB rewards is the introduction of high yielding high risk kingdoms. The higher the earnings rate the more BNB rewards accumulated so these will be great for BNB rewards.
The other upcoming item on the roadmap that will impact BNB rewards are the IDOs which will burn significant amount of CUB. With less CUB around, the BNB rewards are shared among less SUB, so the earnings rate will increase.
So there lots happening that if all goes to plan will only increase the BNB rewards.
Posted Using LeoFinance Beta
