A_Gitagon
To truly benefit from Webnovel's contract you need to have a regular upload schedule (I mean daily uploads) with a min of 1.5k words per chapter.
On top of that, you must have a work that is monetisable and marketable. I'm talking about the generic stuff you see on the front page of this website, because it is those kinds of work that get a stable viewership.
You get paid based on the amount of coins expended on your work. So the most chapters you release and the longer they are, the more you will benefit.
So I'd recommend you evaluate your work according to these basic parameters if you are considering signing the contract for this to be your primary job (cuz I know a lot of authors actually live off of their work on this platform).
I'm not saying that you should not do it if you don't meet these parameters. In fact, I'm contracted and I don't have a daily upload schedule. I don't get paid much. But even a few pennies offer a lot of motivation for me to write on.