$spell from MIM3CRV perpetual tranche

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I understand the amount generated from $SPELL is limited, but what’s being done with the harvested $SPELL from the MIM3CRV perpetual tranche?

Thanks.

2 Likes
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Hi @millerlite1 thanks for bringing this up.
We noticed that the mim3crv tranche received some SPELL with the last harvest of 2 days ago, we will add SPELL as one of the tokens to be harvested and sold in favor of the base asset (ie mim3crv) after a threshold is reached to save some gas. Of course we will set this up from day 1 for tranches that will be deployed for after the tranche battle Tranches Battle: choose which asset integrate next

4 Likes
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Hi - I see the $SPELL is now sold. The latest harvest comes out to around 1031DAI. Not sure what the fees are but the junior tranche should increase by at least a few hundreds since it take 90% of the yield. I invested on the junior side and noticed a very smaller change than expected to the number of MIM3CRV units. Any color to that?

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Rewards sold during harvests are released linearly in 24 hours to avoid some type of attacks which could steal them. After 24 hours you will see the full reward