398.521 $PandaMiner Staked = $117.95 38.103 $PandaMiner Incoming (Recently Purchased) = $11.27
Let's revisit these.
panda-burn:
(Changed few things in its model as explained in post but till now it was as explained, read above about changes)
PandaMiner is backed by HP and it gets delegated to pandex account. Any panda token that gets mined this way r burned (reference to panda-burn account).
How many were burned in the last month, just 1.4? Honestly?
33.331 were getting unstaked for the burn as written in post above.
Also, burning model is switched from PandaMiner to direct burns. You might notice an increase in burns.
1.4
This is an incorrect way to count burns for last month as you can see we bought 38.103 miners recently:
https://hivehub.dev/tx/9b0764c7d1a97ba5f9f904b4d65e4d4da237eac1
Why should one delegate
It gets harder to mine panda tokens as it's based on total HP delegated. Also, dividends per panda tokens increase while burnings increase as well. Less tokens and more dividends. It's a way for anyone who wanna leverage L2 investments without exposing themselves to L2. Most of our investments in L2 are also HP backed so even if edsi, brofi, and dbond/dab gets rug pulled, our principle amount will be SAFU.
if the rewards instead of HP are paid out in a completely illiquid dubios token?
COMPLETELY
70% are backed back in hive.
10% for burn
10% for TVL per panda (compound funds)
10% for active management team
And ANOTHER EXTRA drop of 1000 panda tokens per week each week. This also pays dividends, appreciate in value and. token burns supported by compound fund and burn fund.