So, I was doing some math and got to these numbers:
If we assume a 10% usage to liquidity and a 0,04% fee on that usage, meaning 1,00 USD for every 2500 USD in usage, and assume a 8600 YFI on gov that will share the earnings, we can expect:
For every 1 Billion USD of liquidity, we can expect to earn around 4,60 USD daily per YFI token used in governance.
Which means that in a 365 days time period, we might be able to reach 1700 USD.
Which also implies that at 14.000 USD per token we are running at 8,23 P/E with the parameters above.
And we are already at 750 million USD mark…
If this was a stock with clear and easy information on operation, it would be a hell of a purchase.
Note1: at 10 Billion USD of liquidity with the same prameters above, we would invest 14.000 USD in one whole YFI token to receive in a year 17.000 USD.
We should really consider voting on raising the limit of our governance vault…