yearn / crv.ape.tax Goto Github PK
View Code? Open in Web Editor NEWhome for experimental vaults
Home Page: https://ape.tax
License: MIT License
home for experimental vaults
Home Page: https://ape.tax
License: MIT License
This is not directly related to this vault but has to do with the WETH/yveCRV-DAO pool on SushiSwap currently providing liquidity for the token.
Since having yveCRV in your wallet every Thursday sometime between 00:00 and 23:59 UTC gives you claimable rewards in 3CRV these rewards are currently lost if providing liquidity in the pool.
Data sources to calculate the expected weekly earnings from yveCRV:
total supply: 5,830,174.08 yveCRV (6.552% of total) [source: link 1 & 2]
yearn vecrv: 7,359,841.85 veCRV (8.271% of total) [source: link 1 & 2]
total vecrv: 88,986,838.91 veCRV [source: link 1 & 2]
Weekly volume (including deposits/withdrawals): $13,243,337,041.73 [source: link 3]
Current price of yveCRV: $2.47 [source: link 4]
Total liquidity in WETH/yveCRV-DAO pool: $19,494,400 [source: link 5]
==== Calculation ====
== 3CRV rewards per veCRV
(([Weekly volume] * [admin fee]) / [total vecrv])
((13243337041.73 * 0.0002) / 88986838.91)
== yveCRV rewards compared to veCRV
([yearn vecrv] / [total supply])
(7359841.85 / 5830174.08)
== 3CRV rewards per yveCRV
[3CRV rewards per veCRV] * [yveCRV rewards compared to veCRV]
((13243337041.730.0002) / 88986838.91) * (7359841.85 / 5830174.08) = 0.03757
== Sushi Swap WETH/yveCRV-DAO pool
(19494400 / 2) / 2.47 = 9747200 total yveCRV locked in pool
== Pool 3CRV rewards
9747200 * 0.03757 = 366202.3
==== Conclusion
$366202 in 3CRV is lost in the contract every Thursday (at current volume).
So.. Why not trade these for SUSHI and give them out to pool owners, thus driving up the price of SUSHI and giving even more rewards instead of losing then in a contract?
A declarative, efficient, and flexible JavaScript library for building user interfaces.
๐ Vue.js is a progressive, incrementally-adoptable JavaScript framework for building UI on the web.
TypeScript is a superset of JavaScript that compiles to clean JavaScript output.
An Open Source Machine Learning Framework for Everyone
The Web framework for perfectionists with deadlines.
A PHP framework for web artisans
Bring data to life with SVG, Canvas and HTML. ๐๐๐
JavaScript (JS) is a lightweight interpreted programming language with first-class functions.
Some thing interesting about web. New door for the world.
A server is a program made to process requests and deliver data to clients.
Machine learning is a way of modeling and interpreting data that allows a piece of software to respond intelligently.
Some thing interesting about visualization, use data art
Some thing interesting about game, make everyone happy.
We are working to build community through open source technology. NB: members must have two-factor auth.
Open source projects and samples from Microsoft.
Google โค๏ธ Open Source for everyone.
Alibaba Open Source for everyone
Data-Driven Documents codes.
China tencent open source team.