1/11 A thread to help calculate $dQUICK APR

WELCOME TO THE DRAGON LAIR

@QuickswapDEX's brand new $QUICK staking for trade fee sharing

TLDR: Current APR is about 70%

2/11 First if you don't know what $dQUICK from @QuickswapDEX is, check out this thread, basically you can now stake $QUICK in the "Dragon's Lair" and receive a share of the trade fees accumulated across the entire volume of trading on @QuickswapDEX https://twitter.com/QuickswapDEX/status/1385321673088376835?s=20

3/11 OK, so you know what $dQUICK is but what are the current returns? I'll show you where you need to look to calculate this (plus maybe give me @DeFiCoach a follow - I'll be tweeting out the APR daily for a bit)

4/11 All $dQUICK holders share a % of the trade fees accumulated by @QuickswapDEX that percentage is currently .04% of the total volume (or 4/30 - 13.33% of the actual trade fee) I'm going to use the 13.33% number.

So 13.33% times what?

5/11 You'll want to go to the Charts link on Quickswap https://info.quickswap.exchange/home 

6/11 then review the 24hr trade fees figure - currently $139,932

So we'll take $139,932 * 13.33% = $18652.94

That is the total value paid to $dQUICK stakers

So what type of APR is that for us in the (Dragon Lair)?

7/11 For that we need to go to the rewards page back on @QuickswapDEX and find the total $QUICK staked in the Lair...right now 60,688.80

(that's a lot of $QUICK!)

8/11 So 60,688.80 $QUICK * current price of 160.25 is $9,725,380 worth of $QUICK staked in the Dragon Lair

9/11 $18,652.94 / $9,725,380 is .00191796...blah blah which represents APR per day...so then take that and multiply by 365 and you get .7000 or 70.00 % APR

10/11 And that is how you can calculate the current APR of the Dragon Lair. Remember though, that number is constantly moving depending on trading volume, the price of $QUICK and the amount of $QUICK staked in the Lair.

11/11 Comments and DMs are open if I can help with anything! Please let me know if I've botched anything! I'm a weekend DeFi investor looking to explore the world of DeFi and help people out along the way. Learn by doing, learn by research, and learn by talking with friends! DYOR