The Top 5 LOAN Stakers Earned 315,691 USD in 9 Months

The top 5 LOAN Stakers have a combined 329 Billion LOAN token.

They have earned 244,242 USDL and 2.179 Billion PLS (71,449 USD at 0.00003279 USD/PLS).

We will look at each vault below.

Stick around until the end and we will talk about what happens when prices rise and how you can earn even more with your rewards.

Vault #1 

Average LOAN Stake: 89.253 Billion

USDL earned: 65,945

PLS earned: 588.33 Million (19,291 USD at 0.00003279 USD/PLS)

Vault #2 

Average LOAN Stake: 67.838 Billion

USDL earned: 50,313

PLS earned: 448.87 Million PLS (14,718 USD at 0.00003279 USD/PLS)

Vault #3 

Average LOAN Stake: 64.693 Billion

USDL earned: 47,871

PLS earned: 427.08 Million PLS (14,004 USD at 0.00003279 USD/PLS)

Vault #4 

Average LOAN Stake: 56.037 Billion

USDL earned: 41,521

PLS earned: 370.43 Million PLS (12,146 USD at 0.00003279 USD/PLS)

Vault #5 

Average LOAN Stake: 51.634 Billion

USDL earned: 38,346

PLS earned: 339.92 Million PLS (11,146 USD at 0.00003279 USD/PLS)

Rewards When Prices Rise

All of these yields were earned during the bear market.

This means that:

• Borrowing fees (USDL rewards) are lower since there is net outflow of PLS.
• The value of PLS rewards from redemption fees is lower since the price of PLS is lower

If the price of PLS doubles from here:

• The value of previous rewards earned doubles as well
• More USDL will be minted which will increase rewards earned through borrowing fees