Sponsored
As a result of the DeFi protocol, access to finance was democratized and opportunities and services became available to anyone with an Internet connection. However, it was only after the “DeFi Summer of 2020” and the subsequent boom in yield farming that it became popular.
The concept of yield farming changed the way people viewed savings by becoming a standard way to earn passive income in the cryptosphere. As a result, numerous DeFi protocols have evolved their architecture and functionality around yield farming. However, despite its value, yield farming has changed little over the years.
Introducing Zoo
Animal Farmis a DeFi protocol modeled after George Orwell’s novel of the same name, which criticized centralization. Unlike its competitors, it is the DeFi industry’s first and only decentralized ownership lending and yield aggregation protocol.
The platform uses two native tokens, DOGS ($AFD) *live October 18th*, a reward asset, and PIGS ($AFP), a governance token representing platform ownership.
Dynamic Supply
In contrast to other DeFi platforms, Animal Farm utilizes a dynamic supply control algorithm. By employing this innovative algorithm, the supply of DOGS ($AFD) tokensand PIGS tokensto be launched on October 18 will be determined in an unreliable and decentralized manner. and the supply of PIGS tokens will be determined in an untrustworthy decentralized manner.
As a result of the DOGS ($AFD) and PIGS ($AFP) supply control algorithms and tokenomics,supply is designed to remain stable and even deflate when demand is low, thereby ensuring optimal price performance under all market conditions possible.
$AFP Giveaway – Join the Animal Farm Boom
Team is Animal Farm Team will be running a giveaway contest to celebrate the full launch of the protocol on October 18. One user will receive BUSD worth exactly $5,000 for completing a series of tasks. In order not to increase the circulating supply of tokens, Animal Farm will not pay for promotion or marketing with native tokens. Therefore, the reward will be BUSD.
Animal Farm Tokenomics & {205 Rewards Model
Launching on October 18,DOGS ($AFD) does not lock user tokens with a unique vesting model. Instead, it uses a variable tax model, creating an incentive structure that rewards those who secure profits in the form of BUSD and BNB dividends. by staking DOGS ($AFD) rather than selling it on the market, BNB creating an incentive structure that rewards those who secure the BNB
Stakeholders in Animal Farm’s “DogPound” receive a daily 1% reduction in taxes associated with their DOGS ($AFD) transactions. This model perfectly aligns incentives for optimal performance. It rewards users by removing AFD tokens from circulation, while allowing wealthy individuals to earn income by accumulating assets, thereby earning dividends paid inBNB; dividends paid in BNB
70% of the tax charged on DOGS ($AFD) token transactions will be exchanged forBNBand paid into the “DogPound” royalty staking agreement. This allows Dogs ($AFD) stakers to earn a higher yieldwhile reducing Dogs ($AFD) transaction taxes. dividends on BNB
30% of the tax on traded DOGS ($AFD) tokens is converted to BUSD and paid out to “PigPen” as a high-yield BUSD dividend. Platform owners receive 75% of the fees generated from BUSD deposits and withdrawals, which are distributed to PigPen’s $AFP stakers as high-yield dividends. 25% of the fees generated on the platform from deposit and withdrawal fees will be utilized to purchase DOGS ($AFD) and add AFD/BUSD liquidity to generate consistent flows of DOGS ($AFD) buying pressure and locked, decentralized liquidity.
Each time an $AFP or $AFD token is sold, 3% of the transaction is incinerated, removed from circulation forever and deflated.
Lending Increases Yield
Distributed Lending is the largest collateralized TVL (Total Value Locked) on the Binance Smart Chain (BSC) This is accomplished by lending to Pancakeswap, a decentralized exchange. Thus, Animal Farm provides a low-risk yield aggregation in addition to the yield natively generated by the protocol; the yield generated by lending to Pancakeswap is converted to BUSD and paid to “PigPen” stakers. Users can earn yields on “Pancakeswap” while “Animal Farm” increases incentives and further cash flow.
Governance
AFP token stakers, as platform owners, not only earn platform fees and taxes, but also have voting rights on future roadmap proposals. and taxes as platform owners, but they also have the right to vote on future roadmap proposals.
Sustainability&Performance
All mechanisms described above reward users for removing $AFP&AFD tokens out of circulation and doing so with non-native tokens (BUSD & BNB) pays dividends and dynamically controls supply based on underlying demand,Animal Farm andand its native tokens are designed to be the highest performing yield generating assets ever created.
Closing Remarks
Animal Farm is poised to become one of the leaders in the DeFi world. We have an extensive roadmap in place, with products already developed, generous incentives, an attractive referral program, an elegant user interface, a distinctive architecture, and an innovative yield generation system that performs at all market levels.
To learn more about Animal Farm, how to buy $AFP now, and prepare for a full launch, see Launched October 18, , see Visit the official website and social ( Twitter , Discord , Youtube )
This is a sponsored post. Learn more about how to reach your audience here. Please read the following disclaimer.
Image Credits: Shutterstock, Pixabay, Wiki Commons