Animal Farm Opens on BSC

Notes on the latest high-profile defi farm

For a few weeks now you have heard me talking about Animal Farm, a new defi protocol on the Binance Smart Chain. It launched on Thursday (or Friday, depending on your time zone) and is currently going strong.

Animal Farm is the latest innovation by Forex_Shark, a prolific defi dev who previously created $R34P, $BR34P, and $DRIP. The latter of these has proven highly profitable but all of them have been successful to some extent.

In January, Forex launched Manor Farm, which he referred to as the L1 of Animal Farm. Manor was an immense success and I personally made a ton of money, which was a nice bonus during that awful market crash. The pools and farms all kicked out vast yields and the native token, $REV, soared from $7 to about $300 in just two weeks.

Animal Farm was scheduled to launch on Tuesday but Forex pushed the launch back by several days in order to ensure it was all audited. Alas, on Thursday, at 11am EST, he again pushed the launch back… However, he did not bother to tell anyone. For an astounding seven hours, he said “be patient” and that they were about to open the farm “soon.”

I was personally quite pissed about this. However, eventually the farm was launched and it has been going quite well. There are two tokens - $PIGS and $DOGS. You earn $DOGS by staking various tokens and then get $PIGS by staking $DOGS. Simple!

There was a little fluctuation on day one, with $PIGS dropping quite a bit, but that has stopped and both are going strong now. I suspect that $DOGS will actually be the best option given that $PIGS does not pay as much yield as people expected. Still, they look solid and I expect good things in the coming weeks.

If you are interested, you can ape in with this referral link. Note that there are fees to enter the pools and farms, but you should get this back in about 2-4 days given the high APRs.  

Stay safe and remember… this was not financial advice.

Mahalo,

-The Good Doc