Also, you need to take into account that the 70k figure was calculated summing all the fees from all vaults, but as you can see in the post all the coins that are not yCRV are still accumulating in the treasury vault waiting for a bot to liquidate them for yCRV to send them to stakers. Each time ToVoters() is called only the yCRV is moved to be distributed to the stakers, the others coins like stable coins and YFI need to be converted to yCRV to be able to distribute them to stakers as well.
Some numbers were floating around on twitter … Messari did a report (paywalled) but in the tweet
they are talking about $21 million annualized, coming out at about $59K / day
(instead of the 70K that was floating around earlier)
This is without the money going to dev and expenses but those are relatively small.
Actually I’ve specified conditions to that example in the post.
For today’s numbers:
800.000.000 USD @ 2% liquidity usage
0,04% fees on that usage = 6400 USD daily total
Divided by 8600 YFI in governance, we’d get 0,74 USD/day/YFI in governance or 271 USD in 365 days (aka one year).