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.
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Nice. I think BNB rewards are going to become more accessible for smaller wallets as the TVL grows. The IDO will bring a lot of attention to CUB as time goes on, and most of that attention will be in the form of pooling in on Kingdoms.
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All i got from that article was buy more cake and cub and stick in there,
SO THAT IS WHAT I WILL DO :)
!PIZZA
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Is there any way to see the outstanding balance of unclaimed BNB, particularly when we're below the 3 digit threshold?
I have had over 3,500 CUB in a kingdom for nearly 3 weeks and still show 0.000 BNB to be claimed, but by your math I should have hit 0.001 within a couple days. Any ideas?
I tried hard to work this out, and I followed it back to an API. Which is not working at the moment.
The API is:
https://bnb.fbslo.net/?address=
So it appears the BNB rewards amount are stored off chain and this API retrieves it, and also signs any transaction claiming it. The amount you have claimed in the past is however on chain, stored in the CUB contract.
Once its back up and working, I'll reply to this message with any updates.
Thanks for doing the math for us! :-)
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Thanks a bunch for explaining this, it’s very helpful!
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Thanks for the info. It was exactly what I was looking for in regards to the BNB dividends. I guess it will be an extremely long time till I see anything since I only have around 50 CUB in my kingdom currerntly.
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Good thing I am in CAKE kingdom :)) I always invest in both CUB and CAKE kingdoms whenever I get the chance.
Thanks for the golden tips @notak. I am excited about the BNB Rewards and they will add up quite fast.
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That was you are paying fees to yourself !! That's huge 😁
!PIZZA
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Lol, that's true. And I love it 😬✌️
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But I'm sure a lot of people will also join the CUB's kingdom and then reduce the BNB per CUB, but let's hope there will be more people joining the non-cub kingdom instead 😅
For now I'm not going to see a lot of BNB since I only have 145 CUBs in the kingdom 😅 But I'm here to wait so it's ok for me !
Thanks for the post ! I was really about to ask the question to the team ! !PIZZA
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So it's more effective as a marketing ploy rather than a real money earner, still better than nothing!
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I think it puts a floor on the price though, because if the price say dropped 75%, then the BNB rewards yield would increase to more than 0.01% per day, which is almost 4% p.a. yield. So hopefully the price is not going to drop that much, but once the BNB yield starts increasing it provides support for the price for those seeking yield.
Also another way to think of this example is that the TVL increases 4X.
Damn. I gotta wait a long time then! :P Only have 450 cub or so xD
just encourage everyone to join a non-CUB kingdom and increase the TVL.. then it will come earlier for you!
Haha ye true! I am in the Cake Kingdom aswell! But not with much either or yet xD
Nevermind.. I see why...now