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Take yield farming to the next level with Animal Farm – Sponsored Bitcoin News
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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 gained popularity only after the “DeFi summer of 2020” and the yield farming craze that followed.
The concept of yield farming has changed the way people look at savings by becoming the standard method of generating passive income in the cryptosphere. Accordingly, a number of DeFi protocols have developed their architecture and functionality around yield farming. However, crop farming has remained virtually unchanged over the years despite its value.
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, it is the first and only decentralized ownership lending and return aggregation protocol in the DeFi industry.
The platform uses two native tokens, DOGS ($AFD) *live October 18*, the reward vehicle, and PIGS ($AFP), the governance token, which represents the platform’s stake.
Dynamic supply
Unlike other DeFi platforms, Animal Farm uses a dynamic supply control algorithm. Using this innovative algorithm, the supply of DOGS ($AFD) token, which will be launched on 18 Octoberand the PIGS token, are determined in a trustless, decentralized manner.
As a result of the supply control algorithm and tokenomics of DOGS ($AFD) and PIGS ($AFP), supply is designed to remain stable and even become deflationary in times of low demand, thereby providing optimal price performance under all market conditions.
$AFP Giveaway – Join the Animal Farm Craze
The Animal Farm team will be running a giveaway contest to celebrate the full launch of the protocol on October 18th. After completing a series of tasks, one user will be awarded exactly 5000 USD in BUSD. To avoid increasing the circulating supply of tokens, Animal Farm does not pay for promotion or marketing with native tokens. Therefore, the reward will be in BUSD.
Animal Farm Tokenomics & Reward Model
Launch 18 October, DOGS ($AFD) has a unique earning model that does not lock users’ tokens. By instead using a variable tax model, it has created an incentive structure that rewards those who secure profits in the form of BUSD and BNB dividends by staking DOGS ($AFD) instead of selling it on the market.
Stakeholders in Animal Farm’s ‘DogPound’ get reduced tax related to transactions with DOGS ($AFD) at a rate of 1% daily. This model perfectly aligns incentives for optimal performance. It rewards users for removing AFD tokens from circulation while allowing them to earn as the wealthy do by accumulating assets; this enables them to earn a dividend paid out in BNB.
70% of the tax on DOGS ($AFD) token transactions is exchanged for BNB and paid to the ‘DogPound’ loyalty staking contract, which allows DOGS ($AFD) stakers to reduce the transaction tax for DOGS ($AFD) while earning a high yield BNB dividend.
30% of taxes on transacted DOGS ($AFD) tokens are exchanged for BUSD and paid to ‘PigPen’ as a high yield BUSD dividend. The platform owners receive 75% of the fees generated from deposits and withdrawals in BUSD, which are then distributed as a high-yield dividend to $AFP players in PigPen. 25% of the fees generated on the platform from deposit and withdrawal fees are used to buy DOGS ($AFD) and add AFD/BUSD liquidity, generating a consistent flow of DOGS ($AFD) buying pressure and locked decentralized liquidity.
Every time $AFP or $AFD tokens are sold, 3% of the transaction is burned, removing them from circulation forever, making them deflationary.
Higher returns through lending
Decentralized lending is achieved by lending secured TVL (Total Value Locked) to Pancakeswap, the largest decentralized exchange on the Binance Smart Chain (BSC). Thus, Animal Farm offers aggregation of low-risk dividends compounded on top of dividends naturally generated by the protocol. Yield generated through lending to Pancakeswap is converted to BUSD and paid out to “PigPen” actors. Users get all the benefits of earning returns on Pancakeswap while earning extra cash flow on Animal Farm with enhanced incentive structures.
management system
Not only do players of the $AFP token earn platform fees and taxes as owners of the platform, but they also have a vote on future roadmap proposals.
Sustainability and performance
With all the mechanics described above, rewarding users for removing $AFP and $AFD tokens from circulation and paying dividends for doing so in the non-native token (BUSD & BNB), and dynamically controlling supply based on underlying demand , Animal Farm and its native tokens are designed to be the highest return generating assets ever created.
Final thoughts
Animal Farm is poised to become one of the leaders in the DeFi world. It is a comprehensive roadmap, which includes already developed products, generous incentives, an appealing referral program, an elegant user interface, a distinctive architecture and an innovative return generating system that performs at all market levels.
To learn more about Animal Farm, how to buy $AFP now, and prepare for the full launch on 18 Octobervisit official website and social (Twitter, Disagreement, Youtube).
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