This week should hopefully see the launch of Animal Farm, a new defi project on the BSC ecosystem. I am normally a cautious individual when it comes to such things, but this time I feel supremely confident.
Animal Farm is touted as the L2 of Manor Farm, which ran for a two-week period earlier this month. It was immensely profitable, with the native token, $REV, climbing from $7 to $300 and APRs of many hundreds and even thousands of percent for staking.
Manor Farm was run by Forex_Shark, the dev behind $R34P, $BR34P, and $DRIP. He is a bit of a legend in this space for his ability to add value to tokens, with $DRIP hitting a new all-time high just last week, in spite of the market downturn.
Animal Farm should be even more profitable than Manor Farm and, given who is at the helm, I feel secure in staking a large portion of my net worth there. As such, I wanted to share with you my general gameplan for making the most of this exciting new platform.
My Plan for Animal Farm
Animal Farm will most likely open on Thursday at 11am EST (but check their Telegram channel in case there’s a delay). When this happens, we will be able to swap our presale tokens for the native tokens - $PIG and $DOG.
I’m personally going all in on $PIG, which is the governance token. It in turns pays out in $BUSD. You can earn $PIG by staking $DOG or the $DRIP-BUSD LP. However, I am happy with the amount of $PIG I will get from moving my $REV over, so I’m more interested in earning $DOG at the very start.
I have a load of stablecoins, a few $ETH and some $BNB that intend to stake across the pools and farms. Each of these will incur a penalty of – I think – 4 to 6%. However, I am confident that I will earn that back in a few days, and I do intend to be in this farm for the long term.
With those tokens staked, I will earn $DOG, which I will also stake to earn a little more $PIG. As you can see, the system sort of feeds itself. After a few days, I will start selling a little $DOG to cover my entry tax, and finally I will start selling it to make profit.
Expectations
Given how Forex_Shark’s projects have gone in the past, I believe that the token values will increase, so I am not in a rush to sell them immediately. I think that both $PIG and $DOG could prove valuable, though the former is more likely than the latter.
I have a lot trust in the devs and the platform and I know that it will be fully audited before it is live, so I have no worries about security. However, this is defi, so one must be careful. Never gamble more than you can afford to lose… and crypto is always gambling.
That’s all for me, folks. I’m counting the hours now.
Mahalo
-The Good Doc