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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

0xb3C253D80578f569cFd4fe2E916EDbF01B384577

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

Furio statistics October 14th

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Another week, another look at the Furio ecosystems from a numbers perspective. Numbers don’t lie. So lets see what they tell us this time on October 14th:

The $FUR token remains pretty stable in October around 5.49 as per the time I took the screenshot. I moves a bit up and down; as per my writing it increased a to 5.51. Overall stable, which is compared to the rest of the market quite a desired outcome currently.

The Furio ecosystem overall sees a steady growth, quite obvious from the numbers and the chart. More then 100 people are joining the system on a daily basis, 788 in a week or a plus of almost 11%. We also see that the number of deposits increased more then 12%, meaning existing investors are increasing their vaults. This is a great sign for the Furio ecosystem as there seems to be quite some trust into Furio. This is also reflected in the number of claims: They only increased by 5%, so the Furio users keep on compounding their investments further. On the other side it looks like some early adaptors or users with higher investments are claiming higher amounts, less transactions though, but the claim value increased by 9.6% in comparison.

The Furpool also sees a steady increase in stakers, even higher then the week before. Although it is barely visible in the chart below (have to amend this going forward) the Total Staked amount increased by 25%. This is significant!

As you are probably aware the Furbot Closed Pool went live this week. Not too much data available yet, so lets start collecting this too. From the below chart you see that the bot hasn’t had the best start with a slight loss of 3.6%, but given the market recovery yesterday gained already some profits again. It is clear that the bot needs more time to judge its performance. We keep monitoring of course.

The NFT sale for the Furbot Open Pool happened also this month, on the 11th to be precise. At the time of writing there are 1’097 NFTs sold. There are still 3’903 available in other words. So if you like to take your chance and participate in the Open Pool of Furbot, they are still available for 200 USDC.

If you got feedback on what other dimension I could include, or you draw other or additional conclusions based on the provided data, feedback is always appreciated.

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 – Compounding twice a day to double your profit?

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As I enjoyed some time with the family the last couple of days I always tried to claim around the correct time of the day to get most profit out of my Furio investment. Of course this didn’t work out as I have hoped for. I don’t use auto-compound at the moment. Although this would be a solution to it, I have to admit. I was just thinking this moment, what would actually be the effect on the Furio protocol if I would compound not once, but twice a day? Does this have any big impact on the compound interest? And if yes, is it worth the effort?

Lets calculate this through: Lets stick with the example of an initial investment of 20 $FUR tokens, a bit more then 100 USD currently. Lets also assume you are part of the 2.5% club. So there is a need to compound for 28 days without a single claim to get to the 2.5% as you start with 1.75%. The example is a bit theoretical, I admit, but to visualize if it is worth the effort, we like to keep things simple.

So what is the impact when we compound two times a day instead of just once? Will we reach the max. amount of 27,778 tokens in a wallet much quicker? Is it worth the effort?

As you see, if you compound on a daily basis, you will reach the max. amount in your wallet after about 294 days. Compared to the other scenario, where you compound twice a day, you obviously hit your target earlier. But only about 2 days. That was a bit a surprise to get to the goal not much faster, given you got, if you compound manually, twice the effort.

I did the same calculation with an initial deposit of 100 $FUR tokens to see if the difference is increasing. Nope, actually the opposite: It got even smaller. If you compound once, you reach the 27’778 tokens after 228 days, if you compound twice, roughly after 227 days. So one day earlier.

So is this a strategy worth following? I highly doubt it, given the additional time and effort and lets not forget the gas fees too here, that you have to put into it. Honestly, I expected to reach the goal way earlier with the additional effort. Well, numbers don’t lie, hence i calculated it through to see if it is worth it for me.

Is it worth it for you? Only you can decide here. Again, numbers don’t lie.

Team link

Are you also interested in gaining 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 7th

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Given the number of reads of my article where I gave a first impression on Furio from a numbers perspective, it seems I am not the only one interested to monitor Furio and its ecosstem and how it develops over time. Over the last week, in this article. Having collected these numbers last week, we are now able to see a small trend across various dimensions.

Overall statistics

So overall we see that the price of the $FUR tokens remains pretty stable. Probably thanks to the Liquidity Management System (LMS) which was put in place. Lets see how the start of the Furbot with the Closed Pool can support or influence the token price going forward.

Furvault

The number of vault participants went up by 877 or about 13.8%. Quite an increase I would say, given we are still in a bear trend overall.

If you also look at the deposits, the net new money in other words, increased by 10.7%. It looks like we gained many smaller investors in the last week as the Vault Deposit Value didn’t increase as much as the number of participants.

Also interesting to see the value of the taxes paid compared to the value of the compounds: This is about a factor 10 difference currently. Wondering how this looks like going forward.

As I am a bit short on time currently (my apologies), I have to leave the interpretation of the remaining data to you. Still wanted to provide a quick update before the weekend to you. A hopefully more comprehensive article should follow next week(end). Hope this was still interesting for you to see.

Have a great weekend.

Team link

Are you also interested in gaining 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