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As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an internet connection to access opportunities and services. However, they only gained popularity after the “DeFi summer of 2020” and the yield farming craze that followed.
The concept of yield farming has changed the way people view saving by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols have developed their architecture and functionalities around yield farming. However, despite its value, yield farming has remained virtually unchanged over the years.
introduce animal farm
Animal Farm is a DeFi protocol modeled after George Orwell’s novel of the same name, which criticizes centralized power. Unlike its competitors, it is the first and only decentralized property lending and yield aggregation protocol in the DeFi industry.
The platform uses two native tokens, DOGS ($AFD) *live October 18*, the rewards asset, and PIGS ($AFP), the governance token representing the platform’s ownership interest.
dynamic supply
Unlike other DeFi platforms, Animal Farm uses a dynamic supply control algorithm. By using this innovative algorithm, the delivery of the DOGS ($AFD) token, which starts on October 18thand the PIGS token, is determined in a trustless, decentralized manner.
As a result of the supply control algorithm and tokenomics of DOGS ($AFD) and PIGS ($AFP), Supply is designed to remain stable and even become deflationary during periods of low demand, allowing for optimal price development in all market conditions.
$AFP Giveaway – Join the Animal Farm Craze
The Animal Farm team will be holding a Sweepstakes Contest to celebrate the full launch of the protocol on October 18th. After completing a series of tasks, a user will receive exactly $5,000 worth of BUSD. To avoid increasing the circulating supply of tokens, Animal Farm does not pay for advertising or marketing with native tokens. Therefore, the reward will be in BUSD.
Animal Farm Tokenomics & Reward Model
Starts October 18th, DOGS ($AFD) has a unique vesting model that does not lock users’ tokens. By using a variable tax model, an incentive structure has been created that rewards those who lock in profits in the form of BUSD and BNB dividends by using DOGS ($AFD) instead of selling them in the market.
Animal Farms “DogPound” players will receive a 1% daily tax reduction on transactions involving their DOGS ($AFD). This model perfectly matches incentives to optimal performance. It rewards users for retiring AFD tokens while allowing them to earn like the rich by accumulating assets; This allows them to earn a dividend paid in BNB.
70% of taxes collected on DOGS ($AFD) token transactions are exchanged for BNB and paid to the “DogPound” loyalty staking contract, allowing DOGS ($AFD) stakers to stake their DOGS ($AFD )-Reduce transaction tax while earning a high yield BNB dividend.
30% of taxes on traded DOGS ($AFD) tokens are exchanged for BUSD and paid to the “PigPen” as a high-yielding BUSD dividend. Platform owners receive 75% of fees from deposits and withdrawals in BUSD, which is then distributed as a high-yielding dividend to $AFP players in the PigPen. 25% of the fees generated on the platform from deposit and withdrawal fees are used to buy DOGS ($AFD) and add AFD/BUSD liquidity, creating a steady flow of DOGS ($AFD) buying pressure and decentralized liquidity blocks.
Whenever $AFP or $AFD tokens are sold, 3% of the transaction is burned, phasing them out forever, making them deflationary.
Higher returns through lending
Decentralized lending is done by lending secured TVL (Total Value Locked) to Pancakeswap, the largest decentralized exchange on Binance Smart Chain (BSC). Thus, Animal Farm offers low-risk yield aggregation combined on top of the yields natively generated by the protocol. The income generated by lending to Pancakeswap is converted into BUSD and paid out to PigPen stakers. Users reap all the benefits they get from Pancakeswap while earning extra cash flow on Animal Farm with improved incentive structures.
guide
Stakers of the $AFP token not only earn platform fees and taxes as platform owners, but also have a vote on future roadmap proposals.
Sustainability & Performance
With all the mechanisms described above, users are rewarded for phasing out $AFP and $AFD tokens and in return pay a dividend in the non-native token (BUSD and BNB) and supply dynamically based on demand Control , Animal Farm and its native tokens are designed to be the best-performing revenue-generating assets ever created.
Final Thoughts
Animal Farm is poised to become one of the leading providers in the DeFi world. There is an extensive roadmap that includes products already in development, generous incentives, a responsive referral program, an elegant user interface, a distinctive architecture, and an innovative revenue-generating system that works at all levels of the market.
To learn more about Animal Farm, how to buy $AFP now and prepare for the full launch on October 18Visit the official site and social (Twitter, discord, youtube).
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