Table of Contents
- Dogs SINGLE ASSET STAKING
- Token & Wallet LOYALTY Score
- Innovative Vesting Mechanic
FARM MECHANICS
EARN 2 assets
Earn DOGS by staking in the non-native Farms and Pools. Earn tax reducing loyalty points and BNB by staking DOGS in the single asset DOGS staking Pool, The Dog Pound.
Earn PIGS (AFP) governance token for the PigPen and PiggyBank by staking DOGS or DRIP LP assets.
Benefit from innovative tokenomics, dynamic emissions, vesting, advanced game theory and lending via rehypothecation.
The Animal Farm is the first deflationary, fully decentralized ownership yield farm/lending protocol where participants earn as an owner of the network.
The wealthy do not build and protect their wealth through selling their assets. They accumulate and leverage their assets, while living off the dividends.
The Animal Farm captures this financial power and puts it in the hands of the platform's participants.
THE PigPEN
THE PIggy bank
Stake PIGS (AFP) to earn from the success of the platform and have a vote in the future decision making of the platform. Voting options will be curated by the dev team to ensure the security and sustainability of the outcome, while still giving stakers the final say.
Earn a BUSD dividend from the Animal Farm's deposit fees, native token taxes, rehypothecation of farm funds and more.
Earn PIGS (AFP) generated from the deposit and withdrawals fees associated with the Piggy Bank.
The Animal Farm
The Piggy Bank is the first ever non-inflationary variable time staking annuity.
Gain multiplier bonuses based on time locking to earn up to 3% a day compounded, with a max payout of 3x your principle.
Manage multiple stakes based on your preferences and earnings strategy.
Earn referral rewards and gift time locked stakes to encourage use of your referral link.
KEY PARTNERSHIPs
Use the DRIP Liberation contract to create DRIP/BUSD liquidity via PancakeSwap without paying the 10% transaction tax.
Earn PIGS (AFP) by staking DRIP/BUSD in the Farm or earn up to 3% DRIP/BUSD a day from a locked stake in the DRIP Garden.
Lookout for new partnerships, Scratchy's DeFi Scratch Tickets, Chainlink, DRIP, and more! Partnership vaults coming soon!
Increased BUSD generated for PigPen governance pool dividends.
The new PigPen cashflows are generated from:
- Farm and Pool deposit and withdrawal fees,
- Taxes on DOGS,
- Piggy Bank Deposit and Withdrawal fees,
- Dogs Of Fortune hacker simulation game (coming shortly after launch),
- DOGS Roulette (coming shortly after launch).
We have improved the systems logic with an emphasis on: increasing BUSD cashflow to the PigPen, incentivizing DOGS staking through a loyalty score (which reduces tax and increases BNB dividends for DOGS stakers), adjusted fee structure on farms and pools, improved game theory to support native asset price performance, and updated liquidity helper contract.
Key improvements include:
- DOGS token has innovative vesting system that does not lock DOGS but puts a variable tax on DOGS tokens based on user's loyalty score.
- DOGS vesting tax will greatly increase BUSD dividends in PigPen while also generating BNB for DOGS stakers.
- New loyalty model ensures it's always attractive to use DOGS as a vehicle to earn yield over time which supports the price of both DOGS and PIGS (AFP).
- Updated liquidity helper contract can now only buy DOGS and add liquidity which further supports the price of DOGS.
- Farms and Pools now have fees split between deposits and withdrawals to further benefit long term stakers.
- New Auto-compounding pools that make it easy for users to accumulate their DOGS/BNB farm position, greatly increase their PIGS yield and create a consistent new cashflow that supports the price of DOGS!
This will generate millions of dollars of additional BUSD every month for automated PigPen injections while further gamifying The Animal Farm's DeFi experience.
v2 Farm Mechanics
Token LOYALTY & WAllet Score
The tax is reduced by increasing these scores and a user earns loyalty points by staking DOGS in the single asset DOGS staking pool, The DOG Pound.
The Token Loyalty Score only applies to a specified amount of tokens which have been staked in the DOGS single asset staking contract. The token loyalty score does not apply to DOGS which are not staked in DOGS single assets staking contract. The Token Loyalty Score reduces the tax on a specified amount of tokens by 0.75% a day.
eg. If you stake 1,000 DOGS, your tax on 1,000 DOGS will be decreased over time. As you sell or transact DOGS tokens your Token Loyalty Score will reduce. The tax on DOGS will not apply to whitelisted contracts meaning you will be able to use all of the DOGS platform contracts without being taxed, including claiming your DOGS from the Farm, Staking them, Pairing them with BNB or BUSD!
Build up your Wallet Loyalty Score to decrease tax on all DOGS transacted from a specific wallet for the life of the wallet. The Wallet Loyalty score builds up slowly over time (2% monthly) and ensures that investors who have been long term supports of the protocol start off with a reduced tax whenever they accumulate new DOGS tokens.
THE DOG POUND - Bark and BIte
Stakers in the Single Asset DOGS Staking Pool (Dog Pound) can choose between standard or autocompounding staking pools. Both earn BNB and increase loyalty scores to lower tax. The tax a holder pays to sell and transact DOGS is based on both their token loyalty score and wallet loyalty score.
Wallet Loyalty Score rewards are permanent and can decrease overall tax on DOGS by a maximum of 30%. This is placed on top of your Token Loyalty Score allowing our most loyal member's to reduce their tax all the way down to 6% faster.
Innovative Vesting Mechanic
Using a Token and Wallet Loyalty Score and capping the Wallet Loyalty Score ensures that the system's incentive structure cannot be exploited. The shorter the amount of time the DOGS are active in the ecosystem, the more tax is paid by the holder when their tokens are transacted. The tax is then used to pay BNB to those who are actively reducing their tax in the Dog Pound. This creates an incentive structure which has all of the benefits of vesting, but also adds additional layers of incentives to those who keep their assets on the platform longer.
DOGS token is starting out with a deep liquidity pool which means from day 1 of the farm going live there are tens of millions of dollars worth of capital available to benefit those who stake in the Dog Pound and the PigPen. This amounts to the most gamified vesting protocol ever created which will transfer millions of dollars in value from weak hands intending to leech from the system into the accounts of serious investors. On top of rewarding serious long term investors the new model also greatly improves the stability, increases demand for the native asset and is designed to result in strong price performance for DOGS and PIGS.
DOGS TAX EXPLAINED
DOGS Tax does not apply to DOGS tokens sent to or claimed from DOGS staking contracts. You can thus buy DOGS, stake them in the DOGS single asset staking contract to accrue your Token and Wallet Loyalty Score, and claim your DOGS rewards and tokens without any Tax.
Tax on the DOGS token only applies when you want to
- Transact with another wallet,
- Sell DOGS,
- Or transact with a non-native staking contract.
The DOGS Token will have a variable tax of 6% - 90%.
3% of the tax on DOGS is burned permanently removing it from circulation. The remaining tax is swapped for BNB and BUSD then paid out as a dividend in the single asset DOGS staking pools
(Dog Pound) and PigPen.
- 2:3 of the tax being swapped for BNB and sent to Dog Pound.
- 1:3 being swapped for BUSD and sent to PigPen.
Farm Mechanics -
Tax, AutoCompounding & Burn
Instead of locking the token or preventing the holder from transacting, The Animal Farm allows you to transact with DOGS.
We implemented a burn mechanism that reduces the total supply in real time while the tokens are being transacted, as opposed to sending the tokens to a 0x000 burn address.
This mechanism actually removes the tokens from the total supply and to more accurately display data about our tokens on sites such as CoinMarketCap and DexTools.
Autocompounding
The benefit to utilizing the autocompounding pool is that BNB earned in the autocompounding pool is used to buy DOGS and pair DOGS/BNB which is then deposited into the DOGS/BNB farm for the staker. This is an amazing way for DOGS stakers to effortlessly accumulate their share of the DOGS/BNB farm and outpace their competition.
Another benefit to using the auto-compounding Dog Pound pool is that it allows you to increase your Token Loyalty score at a faster rate of 1% a day. This is to further reward those who are using their yield to accumulate a greater share ownership in the platform!
Updated Burn Mechanism
Farm Mechanics - The Liquidity Helper!
DOGS Auto-Liquidity
In v1 Animal Farm the 3% tax on DOGS transaction which was allocated to providing and locking BUSD liquidity for the DOGS token on PancakeSwap would first send the DOGS derived from the 3% tax to the liquidity helper contract.
25% of all deposit fees generated from Animal Farm staking are converted to BUSD and also sent to this liquidity helper contract. When the amount of BUSD on the contract goes over a specified threshold, the liquidity helper contract then pairs the BUSD and DOGS held by the liquidity helper contract, adding this DOGS/BUSD liquidity to PancakeSwap where it is locked. This increased locked liquidity not only allows for a deeper liquidity pool to help offset the pressures of selling, raises the price floor of the DOGS token, and increases the security of the protocol, but it also further decentralizes control of the asset.
If there was an uneven value of DOGS vs. BUSD on the liquidity helper contract when this threshold was met, it will either
- Use some of the BUSD on the contract to buy DOGS or,
- Sell some of the DOGS for BUSD, to even the value of both assets held by the contract.
Once there was an equal value of the two assets on the contract, it then paired them into the DOGS/BUSD liquidity pool. The V2 Liquidity Helper contract never accumulates DOGS on the contract, this is both an improvement from a security perspective but it also further decentralizes the protocol.
HOT Dogs
This is not only a major innovation in DeFi, it’s also extremely bullish for the DOGS asset, as the liquidity helper contract has all of the benefits provided by v1 but with major improvements which will not only add a lot more buy pressure to the DOGS token, but also relieve all of the sell pressure created
by the v1 contract, and it will also make DOGS highly deflationary.
The new contract now only accumulated BUSD and when the BUSD reaches a specified threshold it buys DOGS and adds BUSD liquidity to the DOGS token, where it is locked. This new model creates a consistent new cashflow which buys DOGS, allowing for greater price performance and a deeper, more decentralized locked liquidity pool.
Alternatively, if there is a greater value of DOGS on the contract it will burn some of the DOGS, removing them from the contract but also removing them from the total supply of the token. This
creates an equal value of the two assets on the contract
and then the assets are paired on PancakeSwap where
the liquidity is locked.
standard / autocompounding
Claim DOGS Tax Free
Collateral staked on the platform is rehypothecated to PancakeSwaps
lending protocol in the background.
Use the Drip Liberation contract to get DRIP/BUSD LP's for BUSD, Tax Free
Claim PIGS Tax Free
Farm Partnerships and ecosystem Protocols will benefit all projects
Deposit Fees & DOGS Tax a used to fund the BUSD in the Pig Pen Rewards Vault
Animal FARM One Page Summary
Visit the Animal Farm by clicking any of the links below
Yield gets converted to BUSD and injected into PigPen dividend vault.
Time Lock AFP/BUSD LP's stakes to earn AFP/BUSD LP's
PIGS (AFP) & BUSD from deposit and withdrawls Fees are sent to the Pig Pen's PIGS (AFP) Rewards vault
