| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | AI | AJ | AK | AL | AM | AN | AO | AP | AQ | AR | AS | AT | AU | AV | |
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2 | REVAULT REWARDS MECHANISM AND FEE STRUCTURE as at 17/05/2023 | Comments | |||||||||||||||||||||||||||
3 | |||||||||||||||||||||||||||||
4 | MONTHLY EMISSION SCHEDULE | ||||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
6 | Month | 05/2023 | 06/2023 | 07/2023 | 08/2023 | 09/2023 | 10/2023 | 11/2023 | 12/2023 | 01/2024 | 02/2024 | 03/2024 | 04/2024 | TOTAL | |||||||||||||||
7 | |||||||||||||||||||||||||||||
8 | Reward Emissions | 259,200 | 259,200 | 259,200 | 259,200 | 129,600 | 129,600 | 129,600 | 129,600 | 129,600 | 129,600 | 129,600 | 129,600 | 4,429,092 | |||||||||||||||
9 | Treasury Emissions | 43,200 | 43,200 | 43,200 | 43,200 | 21,600 | 21,600 | 21,600 | 21,600 | 21,600 | 21,600 | 21,600 | 21,600 | 738,181 | |||||||||||||||
10 | Total Emissions | 302,400 | 302,400 | 302,400 | 302,400 | 151,200 | 151,200 | 151,200 | 151,200 | 151,200 | 151,200 | 151,200 | 151,200 | 5,167,273 | As per emission schedule on WP | ||||||||||||||
11 | |||||||||||||||||||||||||||||
12 | DISTRIBUTION SCHEDULE | ||||||||||||||||||||||||||||
13 | |||||||||||||||||||||||||||||
14 | Annual Emission at the Current rate | 3,110,400.00 | Current monthly emission multiplied by 12. Emission rate halves in August. Bring date forward to reduce emissions, and squeeze supply. | ||||||||||||||||||||||||||
15 | Annual Emission at reduced emission rate | 1,555,200.00 | |||||||||||||||||||||||||||
16 | |||||||||||||||||||||||||||||
17 | % Distribution to Stakers | 33.33% | 20% of Total Emissions as per WP | ||||||||||||||||||||||||||
18 | Current Amount of Tokens distributed to Stakers | 1,036,800 | |||||||||||||||||||||||||||
19 | Amount of Tokens distributed to Stakers at reduced Emission | 518,400 | |||||||||||||||||||||||||||
20 | Current REVA staked | 4,342,871 | |||||||||||||||||||||||||||
21 | CURRENT | PROPOSAL (INCLUDING TAX) | |||||||||||||||||||||||||||
22 | Current Pool Balances | % of staked tokens | Actual Emission % | Actual Emissions per Pool | Actual APR | Actual Emission % after Tax inclusion | Emissions per Pool | APR | |||||||||||||||||||||
23 | 1X Pool | 897,494 | 20.67% | 3.00% | 31,104 | 3.51% | 3.00% | 15,552 | 1.73% | Pool emission % changed to 3% - 1x; 8% - 2x; 26% - 3x; 63% - 4x via DAO proposal | |||||||||||||||||||
24 | 2X Pool | 541,747 | 12.47% | 8.00% | 82,944 | 15.52% | 8.00% | 41,473 | 7.66% | ||||||||||||||||||||
25 | 3X Pool | 1,201,923 | 27.68% | 26.00% | 269,568 | 22.74% | 26.00% | 134,786 | 11.21% | ||||||||||||||||||||
26 | 4X Pool | 1,701,704 | 39.18% | 63.00% | 653,184 | 38.92% | 63.00% | 326,596 | 19.19% | ||||||||||||||||||||
27 | Annual Staking Pool Rewards | 4,342,868 | 1,036,800 | 518,407 | |||||||||||||||||||||||||
28 | |||||||||||||||||||||||||||||
29 | CURRENT | PROPOSAL | |||||||||||||||||||||||||||
30 | % Distribution to Vaults/TVL Rewards | 16.67% | 41.67% | 15% of Total Emissions as per WP. Changed to 10% via DAO proposal | |||||||||||||||||||||||||
31 | Tokens distributed to Vaults | 518,400 | 648,000 | ||||||||||||||||||||||||||
32 | Current REVA price | $0.07 | $0.07 | ||||||||||||||||||||||||||
33 | Current Value of REVA emitted | $34,320.67 | $42,900.84 | ||||||||||||||||||||||||||
34 | Chain | FTM | BSC | FTM | BSC | ||||||||||||||||||||||||
35 | Current TVL | 100,000 | 1,400,000 | 100,000 | 1,400,000 | ||||||||||||||||||||||||
36 | Bonus APR (Split 50/50 BSC/FTM) (Average) | 17.16% | 1.23% | 21.45% | 1.53% | 2.76% | 1.23% | Rounded for Example | |||||||||||||||||||||
37 | Bonus APR (Split 10% FTM; 90% BSC) (Average) | 4.29% | 2.76% | ||||||||||||||||||||||||||
38 | |||||||||||||||||||||||||||||
39 | CURRENT | PROPOSAL | |||||||||||||||||||||||||||
40 | % Distribution to LP Providers | 41.67% | 25.00% | 25% of Total Emissions as per WP | |||||||||||||||||||||||||
41 | Tokens distributed to LP providers (annual) | 1,296,000 | 388,800 | Allocation to LP is way too high. Suggest to reduce to 25% and allocate remainder to TVL rewards | |||||||||||||||||||||||||
42 | Current Value of REVA emitted (annual) | $85,801.68 | $25,740.50 | ||||||||||||||||||||||||||
43 | Chain | FTM | BSC | FTM | BSC | ||||||||||||||||||||||||
44 | Current TLP Value | $25,000.00 | $50,000.00 | $25,000.00 | $50,000.00 | ||||||||||||||||||||||||
45 | LP APR (Split 50/50 BSC/FTM) | 171.60% | 85.80% | 51.48% | 25.74% | ||||||||||||||||||||||||
46 | |||||||||||||||||||||||||||||
47 | TAX VALUES ON HISTORIC BUY/SELL VOLUME | ||||||||||||||||||||||||||||
48 | |||||||||||||||||||||||||||||
49 | Ave monthly tax value for past year | Tax % | |||||||||||||||||||||||||||
50 | Tax at 1% | $786.46 | 1% | ||||||||||||||||||||||||||
51 | Tax at 2.5% | $1,966.14 | 2.50% | ||||||||||||||||||||||||||
52 | Tax at 5% | $3,932.29 | 5% | ||||||||||||||||||||||||||
53 | |||||||||||||||||||||||||||||
54 | VALUE FLOW OF CURRENT VS PROPOSED MODEL | 100% of the active vault native token will convert to REVA upon collection - how does this work? | |||||||||||||||||||||||||||
55 | |||||||||||||||||||||||||||||
56 | Current Model (No Tax) | TVL (BSC) | Percentage | 12 Month Total | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | ||||||||||||||
57 | Interest Earned | $10,000.00 | 7.0% | $700.00 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | ||||||||||||||
58 | Portion Converted to REVA | 30% | $210.00 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | |||||||||||||||
59 | 100% of Vault native token converted to Reva (Ave 10-15% of APY) | 15% | $105.00 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | |||||||||||||||
60 | 1% Fee to Stakers | 1% | $7.00 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | |||||||||||||||
61 | Additional REVA Boost (BSC) | 1.23% | $123.00 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | $10.25 | Average Reva APR on current vaults | ||||||||||||||
62 | Investor receives (LP Token) | $481.25 | $32.08 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | $40.83 | ||||||||||||||||
63 | Investor receives (Reva Value) | $334.75 | $35.92 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | $27.17 | ||||||||||||||||
64 | Sum Value received | 8.16% | $816.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | $68.00 | |||||||||||||||
65 | |||||||||||||||||||||||||||||
66 | Proposed Model (With Tax and Fees) | TVL (BSC) | Percentage | ||||||||||||||||||||||||||
67 | Amount Invested for 1 year | $10,000.00 | 7.0% | $700.00 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | $58.33 | ||||||||||||||
68 | Portion Converted to REVA | 30% | $210.00 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | $17.50 | |||||||||||||||
69 | 100% of Vault native token converted to Reva (Ave 10-15% of APY) | 15% | $105.00 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | $8.75 | |||||||||||||||
70 | Fee to Stakers | 1.0% | $7.00 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | $0.58 | |||||||||||||||
71 | Tax on Transaction | 5.0% | $15.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | $1.31 | |||||||||||||||
72 | Additional REVA Boost | 2.76% | $276.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | $23.00 | |||||||||||||||
73 | Success Fee on Profits | 4% | $28.00 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | $2.33 | |||||||||||||||
74 | Platform Fee on TVL | 0.75% | $75.00 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | $6.25 | |||||||||||||||
75 | Investor receives (LP Token) | $378.25 | $23.50 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | $32.25 | ||||||||||||||||
76 | Investor receives (Reva Value) | $472.44 | $47.35 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | $38.60 | ||||||||||||||||
77 | Sum Value received | 7.8% | $775.69 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | $64.60 | |||||||||||||||
78 | |||||||||||||||||||||||||||||
79 | Additional Step Should Investor wish to Sell their REVA rewards | ||||||||||||||||||||||||||||
80 | Less Tax on sale of REVA | 5.0% | $23.62 | $2.37 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | $1.93 | |||||||||||||||
81 | Investor receives | 7.52% | $752.07 | $62.24 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | $62.67 | Yields get higher as REVA price Grows but lower if TVL grows without a corresponding price increase | ||||||||||||||
82 | Market will find equilibrium between price and TVL | ||||||||||||||||||||||||||||
83 | Total Tax | $38.93 | |||||||||||||||||||||||||||
84 | Effective Tax Rate on Investment | 0.39% | |||||||||||||||||||||||||||
85 | |||||||||||||||||||||||||||||
86 | TAX SPLIT | ||||||||||||||||||||||||||||
87 | |||||||||||||||||||||||||||||
88 | Burn | 20% | $7.79 | ||||||||||||||||||||||||||
89 | Treasury | 20% | $7.79 | ||||||||||||||||||||||||||
90 | LP | 20% | $7.79 | ||||||||||||||||||||||||||
91 | Staking Pool | 20% | $7.79 | ||||||||||||||||||||||||||
92 | Foundation | 20% | $7.79 | ||||||||||||||||||||||||||
93 | |||||||||||||||||||||||||||||
94 | ACTION ITEMS | ||||||||||||||||||||||||||||
95 | |||||||||||||||||||||||||||||
96 | Bring emissions halving date forward | ||||||||||||||||||||||||||||
97 | Approve 0.75% TVL flat Fee and 4% Commission | ||||||||||||||||||||||||||||
98 | Implement 5% tax on buy/sell | ||||||||||||||||||||||||||||
99 | Add Foundation as additional beneficiary of Tax - 20% split to each | ||||||||||||||||||||||||||||
100 | Amend emission %'s to TVL and LP Vaults | ||||||||||||||||||||||||||||