There is another issue with your calculations. You are using the theoretical SOV rewards being issued to the LM pools, not the actual. For example, the rBTC/SOV pool is advertised as issuing 30k SOV rewards per week, but that isn’t the actual total being issued. I have been tracking rewards for the last 6 months, and have the data to back this up. This issue was addressed on Discord back in November/December with CEK.
The gist is (from CEK back in December 2021):
‘The problem is the block frequency.
The smart contract distributes SOV rewards based on a fixed amount per block and assumes that blocks are mined every 30 seconds on average.
The problem arises because there are fewer blocks mined in the weekly interval and therefore fewer rewards are distributed when, on average, blocks are mined in more than 30 seconds.’
The reality is that the rewards in the pools have fluctuated between 10-14% less than what is supposed to be issued. So, roughly, 25,800 - 27,000 per week. Again, it has fluctuated back and forth since at least last October. I don’t have data to support anything prior to that.
This ‘quirk’ of the smart contract that issues rewards to LM pools affects all of the pools. There has also never been a fix issued.
Point being, for long term investors in the LMs, the ‘loss’ is magnified by not receiving 10-14% of what was advertised, in addition to the other IL calculation related issues in this conversation.