Month: October 2022

Furio Statistics October 28th

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Time is running fast and we got already end of October. October 28th to be precise. Time for another close look at our (or at least mine) favorite Defi ecosystem: Furio. I collected already a month worth of data, so lets see how things developed during that time.

First thing standing out for me was the $FUR token price: It decreased by 4 cents. This isn’t a lot of course, but looking back a month, it decreased by 7 cents. Nothing of concern to me (yet), but of course something to watch out for going forward. If you compare this to the current overall crypto market, then I would have expected an increase in value. Bitcoin as example increased from 19’200 to currently 20’500 USD. Would have loved to see a similar development of the $FUR token to be quite honest.

Furio Vault

On the other side the Furvault keeps on growing constantly. This week we saw another increase of more then 900 new joiners. Another jump of more then 10% again. Look at the number by end of September (6’351) to today (9’827); the vault grew by more then 50%. This is a huge success for Furio. Weekly deposits increased by 9.2%. This is a smaller increase compared to the new joiners. This means smaller deposits were made by these 900 new joiners or existing users compounded more instead of having increased their investment. The compounds value increased by almost a million, compared to last week where it was 847’000. This supports the assumption that participants compounded more often.

The transactions, producing taxes, increased by the same percentage number as last week, by 12.4%. Although value-wise it increased to 14.6%, meaning higher valued transaction were processed and taxed.

Furpool

Another week, another significant increase in the Furpool. This week we saw an increase of new money by 28%. This is an increase of more then a quarter. 76 new investors joined the pool. Either they brought in more money then the average investors before, or existing investors increased their deposits to Furpool quite a bit. On the other side we see the LP token price having lost 50% of its value by the time of writing. It is currently priced at 2.37 USD. It used to sit at a stable level of around 4.74 USD. Anyone got further details on the driver here out of interest?

Update October 29th: As per feedback from various readers, many thanks, there seems to be a bug in the Pancakeswap-Pool UI, hence a wrong price is (still) shown. The price of the LP token is around 4.74 USD.

Update October 31st: The LP price shows again 4.74 USD.

Furbot

Last but not least, lets review the numbers around Furbot. Another batch of 208 NFTs were sold this week, increasing the total amount of sold NFT’s to 1’407 overall. The total available supply is still 5’000.

The performance of the bot itself isn’t really improving yet, despite the markets being on the rise (temporarily at least). The absolute profit figure sits currently at -13.29%. From the initially deposited amount of 500’000 USD, the current balance got reduced to about 433’529 USD. You see the performance chart below.

I repeat my statement from last week: I hope to see the performance of the bot getting tuned and improved. With that the number of sold NFT’s would for sure increase. And it would help the LMS (Liquidity Management System) too, as 20% of the Furpool capital is used in the closed pool for Furbot. Looking forward to next weeks number already.

I guess with that we conclude as we covered pretty much everything for the week. Many thanks for your time reading the article and have a great weekend.

Team link

Are you also interested in gaining up to 2.5% daily on your investment? Are you looking for a team to join or just like to follow me on that Defi journey? You are very welcome to join me by using below link and address:

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio – 2 months – How do the profits look like?

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This morning I thought about Furio and how long I am invested in the ecosystem already. By coincidence it was exactly 2 month ago, August 24th, where I invested and wrote my first article about Furio. Lets take this as an opportunity to see what happened since then and how my investment of 100 USD did so far.

Here is the original article from August, if you are interested to have a look: Furio – Another place on our journey to make millions(?).

Let’s recap a few facts (you know, I like facts):

  • I invested 50 USD and started with around 5.9 $FUR tokens
  • Compound interest started with 1.75% as everyone else in Furio
  • I compounded regularly and never claimed, so went up to 2.5% after 28 days
  • This is my 15th article about Furio
  • I got a team of 7 (welcome and thanks for joining)
  • I bought 1 team NFT for 5 $FUR (that’s the other 50 USD in case you were wondering)

So overall my investment costs were a little over 100 USD, for the $FUR tokens to deposit and the team NFT. 100 USD is what I usually invest if I start exploring a new project. So Furio was no difference then others in the beginning. The $FUR token price was around 8.24 USD. That was before the LMS (Liquidity Management System) was put in place by the dev team.

Per today, after about 2 months or around 65 days, and I just re-compounded right now, I got exactly 89.7 $FUR tokens in the Furvault. I got rewarded around 43.4 tokens from my team over time and compounded 40.3 tokens regularly with mainly 2.5%. These 2.5% make a huge difference if you compare it to other systems with 1%, just as a side note.

At the time of writing the token price is 5.48 USD. So my overall investment in the Furvault currently is worth around 491 USD. The compound today was 2.18 $FUR tokens, which is almost 12 USD. If I would start claiming my tokens I would drop to 1.75% immediately (I will not do this). This would be 1.57 $FUR or 8.60 USD. Quite a difference from 2.5%.

Overall, Furio is still my favorite Defi platform right now and I will keep compounding and profit from the 2.5%. How long? I don’t know yet to be honest….

Team link

Are you also interested in gaining up to 2.5% daily on your investment? Are you looking for a team to join or just like to follow me on that Defi journey? You are very welcome to join me by using below link and address:

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Furio statistics October 21st

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Another week, another look at the Furio ecosystems from a numbers perspective. Numbers don’t lie, as we know. So here we go with the numbers from today, October 21st:

As always we look at the $FUR token as the first number. As this is in my personal opinion the biggest risk in the whole system. This continues to look good. Furio is doing a great job keep the price stable since early October.

Furio Vault

The vault continues to grow. This week 894 investors joined, this is an increase of 11.2%. That is even a bigger step forward then the week before, where the vault increased by 10.9%. Also the deposit transaction keep on growing by an additional 11.7%. This is always a good sign if the deposits increase more then the number of new joiners. It shows the trust of the existing investors, if they increase their stake in the ecosystem. The opposite, the claims, went up only 5.8% in comparison. This is a bullish sign for Furio as there is way more money flowing into the vault then leaving.

The transactions, producing taxes, increased in an expected range of 12.4%.

Furpool

The Furpool saw again a significant increase in net new money by 22.7%. That is a bit lower then last week where we had 25.4%. The number of investors increase by 94 or by almost 16%, compared to last week where almost 18% joined the Furpool. LP price stays stable as well with a minor increase of a cent to 4.74 USD.

Furbot

If we continue to have a look at Furbot, lets start by having a look at the number of NFT’s sold so far. Last week, that’s when the sale opened up, 1’097 NFTs were sold. This week another 102 NFTs were sold to interested parties resulting in a total of 1199 NFTs sold so far. There is a total supply of 5’000.

Looking at the performance of the bot, 500’000 USD were deposited to start its trading activity, we are still overall in a downtrend so far with a loss of 4.25% or in Dollars 21’271. I guess the performance of the bot is inline with the demand of the NFT’s: If the performance of the bot will (hopefully) start to increase, the number of sales will go up as well. Currently, there is just no incentive to invest into it in my personal view.

If you got feedback on what other dimension I could include, or you draw other or additional conclusions based on the data provided, please comment. Feedback is always appreciated helps me to improve.

Thanks for your time and have a great weekend everyone.

Team link

Are you also interested in gaining up to 2.5% daily on your investment? Are you looking for a team to join or just like to follow me on that Defi journey? You are very welcome to join me by using below link and address:

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Team address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm – Drip Garden – Earn up to 3.33% daily

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Animal Farm article overview

Drip Garden is probably one of the parts where all the Drip community members will stick around on the Animal Farm. Labelled as a game by its founders, Drip Garden is where you can deposit DRIP/BUSD liquidity pairs and earn up to 3.33% daily. Definitely worth to have a closer look.

Drip Garden tries to be fair to all players, new joiners, but also people being active for a longer time. It is advertised for investors looking for long-term and sustainable profits. New joiners benefit from a lower entry price, unlike other games on the blockchain.

Another important aspect of the Drip Garden smart contract is its immutable code, which is opensource and so called trustless. What does that mean for you as a user? Everybody can review the code of the contract at an time. Probably nothing a normal investor would do, but the option is there. The code can also not be changed anymore. It got deployed and with that it will stay “as is”. Not even the developers can change it anymore. Not even the website of Drip Garden is required to keep it going. Totally decentralized as one would expect.

How to get started

So how do you start playing the Drip Garden game or how do you start investing? For a garden you need plants. Obviously. You buy plants using DRIP/BUSD LP tokens. These plants will start producing seeds. When you got enough seeds you can then choose: Either you use them in your own garden (compound) or you sell your seeds to other gardeners. Your garden will then continue to produce at the same speed. When you compound, your production rate will go up overtime.

The rewards you get from your garden do vary up to 3.33%. There is a so called Fertilizer Bonus you see at the top of the Dashboard. The bonus is dynamic depending on how many times you compound, how many times you sell, but also depends on the overall gardening habits of the community. i guess we have to see, how this plays out over time, but one can assume already now that the more you care about your own garden (meaning compounding and less selling), the higher your bonus will be.

Referrals

There is a referral system behind the Drip Garden (of course): Once your wallet is connected to the Drip Garden dApp, you will notice that your referral address (this is mine) appear at the bottom of the page. When a new user buys plants after clicking on your personal referral link, the contract will send seeds worth 5% of their purchase to your garden immediately. You can then plant the seeds you earned with the bonus to grow a larger garden or sell them for DRIP/BUSD LP tokens.

Rewards

With Drip Garden you will earn SEEDS, which you can sell for DRIP/BUSD LP tokens and buy further plants. That’s how the compound feature works. Important to remember that when you deposit DRIP/BUSD tokens you are swapping them for PLANTS. You can not withdraw them anymore as LP tokens.

Rewards explained:

  • A plant is composed out of 2’592’000 SEEDS (=100%)
  • A plant produces 86’400 SEEDS per day (=3.33%)
  • It takes a PLANT 30 days to grow another PLANT (= 30x * 3.33% = 100%)

Tax

Taxes apply only to the following transactions:

  • Pair DRIP/BUSD LP on external DEX: 10% for pairing and un-pairing, no tax for wallet transfers
  • Un-pair DRIP/BUSD LP: no taxes

PancakeSwap is again an exception and you do not pay taxes to add liquidity to the system when using it.

3D Game in the works

There is also a 3D game using the Unity engine in the works. It is currently still in its beta phase (testing phase). I got an error pretty much at the beginning. You can select a character at the beginning to play with. Choose between a pig, dog, cow or horse. Give it a try, it looks fun, but I couldn’t get further then in the screenshot below due to an error. Perhaps you got more luck then I did. It looks cute for sure.

Thanks for your time reading my article. If you like, join my team below. Everybody is more then welcome to join.

Team links

Would you like to be part of the Animal Farm and join me on the journey? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

Wallet address: 0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Wallet address: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm – Dog Pound – Reduce your tax costs

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Animal Farm article overview

Being loyal is a good thing. Being loyal to the Animal Farm means staking DOGS (AFD) in the Dog Pound. The Dog Pound single asset staking smart contract will reduce transaction costs in the Animal Farm on their DOGS while providing you at the same time a dividend in form of PIGS and BNB tokens.

The idea here again is to not lock your investments forever, but using this dynamic tax system providing a form of incentive to increase your loyalty score by staking. 2/3 of all taxes collected on DOGS (AFD) transactions are swapped for BNB and paid out to stakers in the Dog Pound.

Vesting Mechanic

This is actually quite simple: The longer longer you stake in the Dog Pound, in the smart contract, the higher your loyalty score, the lower your DOGS taxes. The shorter the time your DOGS are active in this ecosystem, the lower your loyalty score, the higher your tax costs for the transactions. The driver is the motivation to stake longer in the Dog Pound to lower your taxes, which is deemed as kind of vesting to reduce your costs on the transaction costs, to have more money available to invest in other things.

Rewards

But there is more: The lower tax transaction costs are only one part of the (indirect) profits. If you compound in either the Auto Compound Pool or in the (Manual) Standard Compound Pool you will earn direct dividends over time:

  • Auto Compounding Pool: Here you will earn PIGS (AFP) tokens. The BNB tokens, although these will be automatically converted to AFD/WBNB LP tokens, are compounded in the AFD/WBNB LP core farm, where you can claim your PIGS.
  • Standard Compounding Pool: Here you will earn your rewards directly in BNB and can claim it.

Token Loyalty Score

DOGS (AFD) Token Loyalty Score is relative to the amount of tokens staked in the DOG POUND. All AFD must go through the DOG POUND pools to enjoy the tax reduction of 0.75% to 1.00% per day.

You can stake your AFD (DOGS) in either the Auto Compounding Pool which reduces your sale tax by 1.00% per day. Or in the Standard Compounding Pool which reduces your sale tax by 0.75% per day.

Wallet Loyalty Score

There is also a Loyalty Score related to your personal wallet. You can build your Wallet Loyalty Score to reduce your sales tax on all AFD tokens. This will start reducing your tax as soon as you use DOGS (AFD) in the Dog Pound smart contract.

AFD Wallet Loyalty Score refers to your wallet and transaction behavior over time and lowers your sales tax at DOGS (AFD) by 2% per month. Wallet Loyalty Score rewards are permanent and can reduce your total tax on AFD by up to 30%.

Lets assume you stake your DOGS in Dog Pound for 4 months. This is 4x 2% and you will get an 8% lower tax rate. And this is in addition to your percentage tax reduction Token Loyalty Score for all your transactions through your wallet.

Burn Mechanism

There is a deflationary burn mechanism implemented in the smart contract which reduces the total supply of the tokens over time by sending the tokens to famous 0x000 burn address. The same as other tokens are practicing their burns.

  • 3% of the sales tax on DOGS (AFD)
  • full sales tax (3%) on PIGS (AFP)

Tax

There are only tax costs on the DOGS (AFD) token when you send tokens to another wallet, sell DOGS, unpair DOGS liquidity pairs or interact with a non-native staking contract. Then the following taxes apply:

  • Buy AFD: 0%
  • Sell AFD: 6 – 90% according to your loyalty score
  • Transfer AFD: 6 – 90% according to your loyalty score
  • Unpair AFD LPs 6% on the AFD part of the pair
  • Dog Pound deposit or withdraw: 0%

Auto Liquidity

The Animal Farm introduces a new liquidity helper contract, where 25% of all deposit fees generated by deposits or withdrawals from and to farms and pools will be sent to in BUSD.

There is no scenario in which DOGS (AFD) tokens are sold or sales pressure is generated in any way to add liquidity.This new contract only accumulates BUSD and when a certain threshold is reached, it buys AFD and adds AFD/BUSD liquidity where it is locked. This should generate a consistent cash flow buying DOGS (AFD) helping with a better price performance.

The contract can also help with burning DOGS. This creates an equal value of the two assets on the contract and the assets are then paired on PancakeSwap where the liquidity is locked.

And with that we conclude the article of the Dog Pound. Thanks for your time and have a great day.

Team / Referral links / Support

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

2 months into Drip – How much profit did I make?

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Time for a short recap on my Drip investment from August 16th, so pretty much 2 months ago. I bought 10.65 Drip Tokens by investing 100 USD into Drip (article here). Token price was around 9.70 USD back in the day. The tokens were deposited in the Faucet to profit from the 1% daily reward and compounded on a regular basis. I didn’t compound on a daily basis, but still regularly. So how does my investment look like today?

Token price

There is some movement in the token price currently. I assume probably due to the launch of the Animal Farm later today (see my other articles). The token is as per the time of writing of this article worth 6.18 USD as per the Drip page. This is a loss per token of about 34% compared to the original investment. As mentioned already in another article, I had probably quite bad timing in entering the Drip system….

Lets now see how much we profited through the 1% daily reward system of Drip in the 2 months (63 days to be precise). I just compounded to show you the current amount I got in the meantime. We started form 10.65 in August:

So per today I do own 19.22 Drip tokens. Not yet doubled, but pretty close to that. The power of compounding interest. Also interesting to see is that with the current price my overall investment is worth 119 USD. Even with the token price decrease we gained around 20% overall.

Conclusion

I still like the Drip system with its daily compound interest system. I do also expect a raise in the token price in the coming weeks and months. Mostly due to the launch of the Animal Farm providing finally a utility for the Drip token. There will be quite some marketing around the two platform which hopefully will help also the Drip token to gain momentum again. We also have to remember that the overall market conditions are still not great. The Crypto Fear & Greed Index shows 22, which is still in the “Extreme Fear” area. Given the current market conditions, my little Drip investment did pretty well with a 20% increase in 2 months time.

Team / Referral links / Support

If you are not yet part of the Drip Network and like to earn also 1% a day, please feel free to join my team:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Animal – Piggy Bank – High time-locked bonus ahead

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Animal Farm article overview

Today we will have a closer look at the Piggy Bank. The Piggy Bank allows you to stake PIGS and BUSD LP tokens and provides you with a daily profit of up to 3%. The specialty of the Piggy Bank is the Timelock Bonus: The longer you lock your deposit, the higher your reward. What does that mean?

If you lock your deposit for 4 weeks, you will earn 10%, for 52 weeks, so roughly a year, you will earn 3’813%, and if you lock it for 2 years, you will get 49’767%.

You can also choose to not lock your deposit at all, but based on my current understanding there will be no interest at all. So not quite sure yet on what the add value for the investor is in that case.

Interest multiplier

How does this multiplier work for the Piggy Bank? The multiplier will be applied to the principal stake deposit and not the claimable divs at the end of the staking period. This is to ensure a powerful exponentially bonus reward as the stake compound increases the ROI generated from the bonus multiplied principal.

The bonus is not fully applied to the principal on Day 1 of the time locked stake. It is instead applied to the principal amount using the below displayed distribution curve.

  • 30% of the multiplier bonus being added to the principal in the first 75% of the stake’s length
  • The rest being added exponentially to the principal in the remaining 25% of the time lock up period

Referral system

The Animal Farm supports also a referral system, similar to what Drip offers already (please see my links below, thanks for your support). Instead of the BR34P tokens used in Drip, the Animal Farm uses a dependency model with a Fibonacci Sequential Progression Model. In other words, the referral bonus you get depends on how many DOGS you have staked in the Dog Pound. The idea is to incentivize DOGS staking and preventing self referrals, which happened a lot in Drip and also other similar systems.

How many Dogs you do need to own?

DOGS STAKED% REFERRAL
2 AFD1%
3 AFD2%
5 AFD3%
8 AFD4%
13 AFD5%

Rewards

Here is an important point to know about the Piggy Bank. To quote from the Whitepaper: “US Dollars have no value in the game”. We remember, you have to stake PIGS (AFP) and BUSD LP tokens in the Piggy Bank. They will be swapped immediately to PIGLETS. And PIGLETS produce TRUFFLES and these can be sold again for AFP/BUSD LP’s and reinvested again.

A Piglet produces a roughly every 30 day a new Piglet. That’s how this works:

PIGLETTRUFFLE%
Composed by2.592.000100%
Produces daily86.4003.33%

In other words: 86.400 truffles * 30 days = 2’592’000 truffles = 1 PIGLET

Tax

On the Piggy Bank the following transactions are taxed:

LP’sPair TaxUnpair TaWallet Transfer
AFP/BUSD LP external DEX3%3% AFP** 0% BUSD0%
AFP/BUSD LP internal DEX0%N.A0%
Piggy BankTax
Deposit AFP/BUSD LP5%
Withdrawal AFP/BUSD LPN.A*
Claim rewards AFP/BUSD LP5%
Compound rewards AFP/BUSD LP0%

*Once AFP/BUSD LP is deposited, they are permanently added to the contract pool and cannot be withdrawn.

Interesting for the Pig Pen investors: The PIGGY BANK 5% deposit and withdrawal fees are collected in the form of AFP/BUSD LP pairs:

  • the AFP part goes to the Pig Pen dividend vault.
  • the BUSD part pays for Dev fees and marketing.

Team / Referral links / Support

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here and earn 1% per day:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm Launch Giveaway – 5’000 USD price to win

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For the launch of the Animal Farm, the team is hosting a Giveaway with the chance to win 5’000 USD.

You can enter the Giveaway on Gleam.io here. Don’t join any other Giveaway, as they are for sure a scam. Just use the link or or directly from the Animal Farm site.

Just complete all the tasks as per below screenshot or link and keep your fingers crossed: Join Telegram, Follow on Twitter, Retweet, join Discord and provide your wallet address (BEP-20). Good luck.

Join the Giveaway here.

Team / Referral links / Support

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Animal Farm – Pig Pen Introduction – A great profit opportunity?

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After yesterdays high-level overview of the Animal Farm (Article here), lets have a closer look at the PigPen today. We remember that PIGS or the AFP token is the governance token of the Animal Farm. If you own PIGS, you own part of the Animal Farm and with that you are participating as an owner and get regular dividends in form of PIGS and BUSD. But lets start from the beginning.

Vesting mechanics

PIGS staked in the PigPen represent a share ownership of the Animal Farm platform. And as you are an owner you will earn a part of all the platform fees and the right to vote on the future of the platform. Similar as to owning shares of a company in the traditional world.

To keep the long-term benefit of the platform in mind, a vesting period of 50 days was implemented. This vesting period has not been implemented they way you might think: You cannot sell your PIGS within these 50 days. Nope, it got implemented much smarter in my opinion: You can sell only 2% of your PIGS per day. So at the end you would need 50 days to sell 100% of your PIGS.

Dividend sources

So where does the money for the dividends for the PIGS owners come from? As partial owner of the platform you profit from all the fees paid by the users. This includes deposits and withdrawals of the Liquidity Farms and Pools, taxes from DOGS transactions and fees and yield earned from the Piggy Bank.

In detail, the BUSD dividend comes from

  • 1/3 of all taxes paid on DOGS transactions
  • 75% of all non-native farms and pools deposit and withdrawal fee
  • 30% of yield generated through our collateral re-hypothecation lending model

For the PIGS (AFP) the dividends are gained from

  • The AFP part of the deposit/withdrawal fees on unpaired AFP/BUSD LP from the Piggy Bank

Developer ownership

How much do the developers own of the platform? This is always a good question to ask: There is a hard coded 10% lock within the contract to limit the devs ownership. The devs can also not withdraw there deposited PIGS and can only claim the earned dividends.

The BUSD part of the deposit and withdrawal fees on unpaired AFP and BUSD LP (Liquidity Pair) from the Piggy Bank are used for development and marketing fees.

Rewards – How much to profit?

Probably the most interesting part of the article: How much can you earn by staking PIGS? You will earn rewards based on your ownership percentage (obviously).

  • BUSD rewards are 3% per day of the Total Vault balance for that 24hr period
  • PIGS (AFP) rewards 3% per day of the Total Vault balance for that 24hr period

Quite an interesting investment in my personal opinion.

PIGS and DOGS are getting burned

There is also a burn mechanism implemented in the protocol for PIGS and DOGS, otherwise these wouldn’t be deflationary tokens as stated by the developers. For both tokens 3% of the sales tax will be burnt constantly by getting sent to a 0x000 address. Lets see how that impacts the price over time…..

PIGS Tax

Last paragraph of this article, but an important one. How are taxes structured for the PIGS token:

If you buy and transfer AFP tokens to another address, there is no tax at all. Only if you sell your PIGS you will pay a 3% tax.

There are no taxes on any of the PigPen activities.

On the Liquidity Farms you pay only a 3% tax if you use an external DEX (except Pancake Swap). You will also pay 3% if you sell your PIGS there. So just use the Animal Farm and you are fine.

With that we conclude our article on the PigPen. Any questions or feedback? Always welcome. Many thanks for your time.

Team / Referral links / Support

Would you like to be part of the Animal Farm? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

https://defi.animalfarm.app/garden/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: Not yet part of the Drip Network? Please feel free to join my team here:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

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Next Defi Destination – Animal Farm

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Our next step on our Defi journey will be the Animal Farm. Nope, nothing to do with the book of George Orwell, but more with Forex Shark. He is the founder and developer of the Drip Network. As you probably guessed in this second, these two Defi powerhouses will be closely linked together.

The Animal Farm goes live in 3 days, so on October 18th. As I started to see and read more about it, I wanted to understand it myself. So here is a first high-level overview of the Animal Farm.

What is the Animal Farm?

As per the Whitepaper of the Animal Farm, it is the first deflationary, fully decentralized ownership yield farm and lending protocol in Defi. Participants earn as owners of the network through a governance token. The main focus of the Animal Farm is on lending and yield aggregation. A simple comparison would be, as per my basic understanding so far, Pancake Swap.

There are two native tokens in the Animal Farm, or you could say animals: PIGS (AFP) and DOGS (AFD). The PIGS are the governance tokens of the platform, while the DOGS are the native farming tokens. Both tokens should support each others through their unique tokenomics.

If you stake PIGS, the governance token, into the PigPen you are one of the owner of the Animal Farm. This allows you to farm even more PIGS and BUSD. Pigs can be re-compounded and BUSD claimed (and re-invested if you like).

Loyalty System

The vesting model of the Animal Farm goal is to incentivize investors to not sell (dump) their assets, but to earn dividends in form of BNB and BUSD tokens. This should keep the prices of the native tokens stable or preferable to let them grow over time.

The variable tax on DOGS (AFD) token transactions start with a transaction tax between 6 and 90%. If you stake in the Dog Pound, this is like the loyalty pool in my understanding, you will reduce the DOGS tax by 0.75 to 1% a day while earning BNB or PIGS (AFP) as dividends. This is intended as another stability measure on the native tokens.

Dynamic Emission Rate

Another price stability measure for the native tokens: The dynamic Emission Rate is based on the current demand of the Animal Farm tokens. As every market there will be demand and supply. So higher the Demand, the higher the price, the higher the Emission Rate. So if the tokens reaches an all-time high (ATH) the emission rate will be set to 100% and will remain there until there is a price drop of at least 25%. A pictures says more then 1’000 words, so here it is:

And what is the relation to Drip?

As a Drip user (if you are not, please see team links below) you will have finally a utility for your Drip tokens. And I am sure, this was one of the reasons, why the Animal Farm was created: There will be Liquidity Farms using Drip. Yes, you can Yield Farm with your Drip tokens. The pairs which are visible in the Animal Farm already are DRIP/BUSD and DRIP/USDC. You can choose if you like to farm more PIGS or more DOGS. The APR’s are not yet known.

So far to a first introduction to the Animal Farm. More to follow soon, as I got more to learn myself here.

Have a great weekend.

Team / Referral links / Support

Would you like to be part of the system? Please use my referral link to support my work. Thank you.

https://defi.animalfarm.app/piggy-bank/0x766D22F6595F86De27d981f5CBc00119E4B23B63

0x766D22F6595F86De27d981f5CBc00119E4B23B63

Drip: If you are not yet part of the Drip Network, please feel free to join my team here:

https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

0xb3C253D80578f569cFd4fe2E916EDbF01B384577