Unboxing the black box of web3 finance one biz at a time
Currently unboxing @BendDAO 😎
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Feb 8, 2023 • 4 tweets • 4 min read
1/ We saw how interest income could be misleading unless we add in accrual based accounting from our income statement. So how can we use this information to see if $veBEND might be worth holding?
#BendDAO#Web3#NFT#BAYC2/ Holding $veBEND is similar to owning stocks and receiving dividends in tradfi. In web3, the “dividend” or return is difficult to keep track. The rate of return (ROR) fluctuates over time. Hence, one needs a way to track and accurately calculate the expected return.