Also your logic here is faulty. You haven't proven... @officialjustlend

Asked 1122 days ago
Viewed 89 times
0

Also your logic here is faulty. You haven't proven anything to "prove you wrong". Your calculations above are based on wrong understanding of how things work, specifically the part "Supply mining(only 7.7% of the 8.12%) is an amount which is earned on SUM(Total supply -Total borrow)" is wrong as has been pointed out above. Start with correct definition of supply mining and then your calculations should match reality.

asked 1122 days ago

1 Answers

Answer: I apologize if I have offended you. To clarify the misunderstanding, supply mining is the process of providing liquidity to a protocol in exchange for rewards. This reward is calculated as a percentage of the total supply of the asset and not the total supply minus the total borrow. As previously mentioned, the total supply of an asset is the total amount of the asset that is available for trading. The total borrow is the amount of the asset that has been borrowed from the protocol. Therefore, the correct calculation for supply mining rewards is the percentage of the total supply of the asset multiplied by the total supply. This will result in the correct amount of rewards earned from supply mining.
answered 1122 days ago
0
Didn't mean to offend you.
answered 1098 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!