DeFi protocols have democratized access to finance, making opportunities and services accessible to anyone with an internet connection. But it wasn’t until after “his DeFi summer of 2020” and the ensuing yield farming craze that they became popular.
The concept of yield farming has become a standard means of generating passive income in the cryptosphere, changing the way people look at saving. As a result, a number of his DeFi protocols have developed architectures and features around yield farming. Yet despite its value, yield farming has remained virtually unchanged over the years.
Introducing Animal Farm
Animal Farm is a DeFi protocol modeled after George Orwell’s novel of the same name that criticizes centralized power. Unlike its competitors, this is his DeFi industry’s first and only decentralized ownership lending and yield aggregation protocol.
The platform will use two native tokens, DOGS ($AFD) *live Oct 18*, reward assets, and a governance token PIGS ($AFP), which represents ownership of the platform.
In contrast to other DeFi platforms, Animal Farm utilizes dynamic supply control algorithms. By adopting this innovative algorithm, the DOGS ($AFD) token supply will be It will be released on October 18thand PIGS tokens are determined in a trustless and decentralized way.
As a result of DOGS ($AFD) and PIGS ($AFP) supply control algorithms and tokenomics, Supply is designed to remain stable and deflate during periods of low demand, allowing for optimal pricing performance in all market conditions.
$AFP Giveaway – Join the Animal Farm Craze
The Animal Farm team will be running a giveaway contest to mark the full launch of the protocol on October 18th. Completing a series of tasks will reward one user with BUSD worth exactly $5,000. To avoid adding to the circulating supply of tokens, Animal Farm will not pay for promotions or marketing with native tokens. So the reward will be BUSD.
Animal Farm Tokennomics and Reward Model
On sale October 18th, DOGS ($AFD) has its own vesting model that does not lock users’ tokens. By using a variable tax model instead, he created an incentive structure that rewards those who secure profits in the form of BUSD and BNB dividends by staking DOGS ($AFD) instead of selling them on the market. created.
Animal Farm ‘DogPound’ stakers receive a 1% daily reduction in taxes ($AFD) associated with trading DOGS. This model perfectly aligns incentives for optimal performance. It rewards users for removing AFD tokens from circulation, much like the wealthy do by accumulating wealth. This allows you to get dividends paid out in BNB.
70% of taxes on DOGS ($AFD) token transactions will be converted into BNB and paid into the “DogPound” loyalty staking contract. Brings BNB dividends.
30% of taxes on traded DOGS ($AFD) tokens will be converted into BUSD and paid out to the “PigPen” as high-yield BUSD dividends. Platform owners will receive 75% of commissions generated from deposits and withdrawals in BUSD, distributed as high-yield dividends to PigPen’s $AFP stakers. 25% of commissions generated on the platform from deposit and withdrawal fees will be used to buy DOGS ($AFD) and add liquidity to AFD/BUSD to increase DOGS ($AFD) buying pressure and locked decentralized Generate a consistent flow of liquidity.
Every time $AFP or $AFD tokens are sold, 3% of the transaction is burned, permanently removed from circulation, and deflated.
high yield on loans
Decentralized lending is achieved by lending a collateralized TVL (Total Value Locked) to Pancakeswap, the largest decentralized exchange on Binance Smart Chain (BSC). Animal Farm therefore provides a low-risk yield aggregation in addition to the yield natively generated by the protocol. The yield generated through lending to Pancakeswap will be converted into BUSD and paid out to the ‘PigPen’ stakers. Users can get all the benefits of earning yields on Pancakeswap while earning additional cash flow on animal farms with an improved incentive structure.
As owners of the platform, stakers of the $AFP token not only earn platform fees and taxes, but also vote on future roadmap proposals.
Sustainability and performance
All of the above mechanisms will allow us to remove $AFP and $AFD tokens from circulation, reward users for paying dividends for doing so in non-native tokens (BUSD and BNB), and meet potential demand. dynamically control supply based on , Animal Farm, and its native token are designed to be the highest earning assets ever created.
At the end
Animal Farm is poised to become one of the leaders in the DeFi world. We have an extensive roadmap that includes already developed products, generous incentives, an attractive referral program, sophisticated user interfaces, a distinctive architecture and an innovative revenue generation system that works at all market levels.
Learn more about Animal Farm, how to buy $AFP now, and how to prepare for the full launch here October 18thvisit Official website and social (twitter, discord, Youtube).
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Taking Yield Farming to the Next Level with Animal Farm – Sponsored Bitcoin News
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