Read on Twitter
1/11 A thread to help calculate $dQUICK APR
WELCOME TO THE DRAGON LAIR
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🐉" title="Drache" aria-label="Emoji: Drache">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⛰️" title="Berg" aria-label="Emoji: Berg">https://abs.twimg.com/emoji/v2/... draggable="false" alt="😄" title="Lächelndes Gesicht mit geöffnetem Mund und lächelnden Augen" aria-label="Emoji: Lächelndes Gesicht mit geöffnetem Mund und lächelnden Augen">
@QuickswapDEX& #39;s brand new $QUICK staking for trade fee sharing
TLDR: Current APR is about 70%
WELCOME TO THE DRAGON LAIR
@QuickswapDEX& #39;s brand new $QUICK staking for trade fee sharing
TLDR: Current APR is about 70%
2/11 First if you don& #39;t know what $dQUICK from @QuickswapDEX is, check out this thread, basically you can now stake $QUICK in the "Dragon& #39;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">https://twitter.com/Quickswap...
3/11 OK, so you know what $dQUICK is but what are the current returns? I& #39;ll show you where you need to look to calculate this (plus maybe give me @DeFiCoach a follow - I& #39;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& #39;m going to use the 13.33% number.
So 13.33% times what?
So 13.33% times what?
5/11 You& #39;ll want to go to the Charts link on Quickswap https://info.quickswap.exchange/home ">https://info.quickswap.exchange/home"...
6/11 then review the 24hr trade fees figure - currently $139,932
So we& #39;ll take $139,932 * 13.33% = $18652.94
That is the total value paid to $dQUICK stakershttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">
So what type of APR is that for us in thehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🐉" title="Drache" aria-label="Emoji: Drache">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⛰️" title="Berg" aria-label="Emoji: Berg">(Dragon Lair)?
So we& #39;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
So what type of APR is that for us in the https://abs.twimg.com/emoji/v2/... draggable="false" alt="🐉" title="Drache" aria-label="Emoji: Drache">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⛰️" title="Berg" aria-label="Emoji: Berg">(Dragon Lair)?" title="6/11 then review the 24hr trade fees figure - currently $139,932So we& #39;ll take $139,932 * 13.33% = $18652.94 That is the total value paid to $dQUICK stakers https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">So what type of APR is that for us in the https://abs.twimg.com/emoji/v2/... draggable="false" alt="🐉" title="Drache" aria-label="Emoji: Drache">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⛰️" title="Berg" aria-label="Emoji: Berg">(Dragon Lair)?" class="img-responsive" style="max-width:100%;"/>
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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">
(that& #39;s a lot of $QUICK!)
(that& #39;s a lot of $QUICK!)
(that& #39;s a lot of $QUICK!)" title="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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">(that& #39;s a lot of $QUICK!)" class="img-responsive" style="max-width:100%;"/>
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
