Hickory Creek
New member
I'm not analyzing on-chain activity so for those better informed I wanted to ask why the MFP jumped from ~$18K yesterday to ~54K today? 15th of the month pay day?
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Why did MFP (Master Fee Pool) Jump 3x in one day?
- Thread starter Hickory Creek
- Start date
Was that the day when over $4 million KAU were traded on the KMS and the closely spaced, large, probable sales suggested minting activity? A turnover of $4 million minting at 0.67% is $26.6K which would account for a large part of the increase.
I saw two large minting days this past week from my time zone and, as I recall, the KMS was well over $18K on my 14th. I do not track the MFP but notice the amount when I log in.
I saw two large minting days this past week from my time zone and, as I recall, the KMS was well over $18K on my 14th. I do not track the MFP but notice the amount when I log in.
dehsur
Active member
So the minting accounts for roughly half of that increase?
Looking at the KAU/USD chart in the minting account (TRADE, KAU)...
If you switch the bar period to Daily, there were 811 contracts of 100 KAU traded (minted) on 15th Sep.
Conservatively assuming the low $ price of the day (61.33), that's just short of $5m in value.
At the Exchange, again switching the bar period to Daily, there was a volume of 79677 KAU, so it's probably a reasonable assumption that most of the minting volume was cycled back from the Exchange.
So, I agree with your 0.67%, with the overall contribution to the fee pool probably being a bit north of 500 KAU.
"Time present and time past
Are both perhaps present in time future,
And time future contained in time past."
Measured from 20th August, does today mark the greatest ever consistent, one month volume of higher spikes for longer in trade volume?
Is the blessed needle beginning to move?
With his stint at Lloyds Bank in London TS Eliot could maybe have told us, but any excuse for a bit of Burnt Norton is justified.
www.coingecko.com
Are both perhaps present in time future,
And time future contained in time past."
Measured from 20th August, does today mark the greatest ever consistent, one month volume of higher spikes for longer in trade volume?
Is the blessed needle beginning to move?
With his stint at Lloyds Bank in London TS Eliot could maybe have told us, but any excuse for a bit of Burnt Norton is justified.
Kinesis Money Trade Volume, Trade Pairs & Trust Score | CoinGecko
View Kinesis Money 24h trading volume, trading fees, pair list, fee structure, trust score, most active trading pair, and other cryptocurrency exchange info.
www.coingecko.com
I like that chart. I didn't know goingecko had a page like that for each exchange."Time present and time past
Are both perhaps present in time future,
And time future contained in time past."
Measured from 20th August, does today mark the greatest ever consistent, one month volume of higher spikes for longer in trade volume?
Is the blessed needle beginning to move?
With his stint at Lloyds Bank in London TS Eliot could maybe have told us, but any excuse for a bit of Burnt Norton is justified.
Kinesis Money Trade Volume, Trade Pairs & Trust Score | CoinGecko
View Kinesis Money 24h trading volume, trading fees, pair list, fee structure, trust score, most active trading pair, and other cryptocurrency exchange info.
It's great to see the spikes, but they only indicate minting going on. Looking at the periods between the spikes, you can see there has been no change. In other words, organic volume has yet to pick up. The blessed needle isn't really moving, although I have seen more transactions that look like they are coming from Pospay Gold. Nothing material yet, but hopefully will grow exponentially.
