Earn > 2% daily in passive income on an appreciating asset
Including 0.9% daily on stable coins!
A new unique 2 token liquidity farm lending protocol from the developers of DRIP launched this week with unique mechanics that are currently paying out daily APR’s between 1–3%.
On The Animal Farm, the protocol tunes emissions of DOGS and PIGS automatically based on the price appreciation of the tokens themselves. As demand for the tokens wanes and prices decrease, the emissions increase to attract new users to the farm and drive up price. As the token prices hit highs, the emissions tune back to normal to prevent over-inflation and price drops.
In addition to paying for the emissions, the taxes on transactions of DOGS and PIGS are also burning these tokens to cause appreciation of these deflationary assets over time.
In particular, the value of PIGS will increase over time as their main purpose is to single-stake for a portion of the BUSD rewards generated by the protocol’s taxes. These rewards come from the tax vault that pays out 3% of its value daily distributed among the stakers in the vault. As the overall value locked up in the tax vault increases, the daily payouts will rise over time.
The hype on this project was super high at launch, and so we’ve been seeing a drawback in the value of DOGS and PIGS. As a long-term project, this is a great time to get in. The mechanics built into the farm will ensure this project is around for a long time, and so now is a great time to get in.
One thing I especially want to highlight is the almost 1% daily paid out on stable coin pairs! If you consider how popular the Anchor Protocol 30% APR is, folks should be rushing to these 300% APR’s.
To get involved, click here and start farming! A low risk-entry with less exposure to the core farm tokens would be to stake stable coins (very low risk) or other pairs such as CAKE/WBNB (640% APR), or you could choose DOGS/BNB for 791% APR.
For a much more complete breakdown of The Animal Farm’s mechanics, check out my deep-dive analysis.
Another passive income play with guaranteed 1% daily returns
The Animal Farm is a very attractive entry right now, but the APR’s above will fluctuate as others join the farm. From the same developer, check out DRIP, a CD style investment with a set 1% daily return on your deposit, with up to 365% return on your initial investment, or up to 27300% return if you choose to compound the daily 1%!
Read a more complete breakdown of the project here.
My Personal Experience with DRIP
I have been invested in DRIP for just around 6 weeks now, and my deposited amount is currently 6.2x what I invested through compounding, price appreciation, a few referrals I’ve gotten, and some airdrops from those above me in my team.
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If you’re just looking for a DRIP buddy address, don’t use mine. But if you’re interested in hearing about our amazing Cryptozoa DRIP Team, then read this.
I’m part of the Cryptozoa team and they have been extremely helpful and given me guidance on how to grow up DRIP deposit more quickly. I’ve learned a lot about DRIP and other crypto projects as well from asking questions in the Telegram group. If you have any more questions, feel free to reach out through the telegram and find me (ask for David (BomanyD)), or contact me directly on telegram and I’d be happy to answer any more questions you have.
If you want to know more before you invest, read my full primer on DRIP, check out the main project page and the Whitepaper.
How To Invest
Once you’re ready to invest, you can do the following:
1) You’ll need to start with BNB (BEP-20) coin on the Binance Smart Chain in a wallet such as MetaMask. There are many ways to get to that point and there are articles and videos findable on Google to help if you are new to DeFi or the Binance Smart Chain.
2) Go to the SWAP page, and exchange BNB for DRIP. Make sure you get at least 1.2 DRIP, as there is a minimum of 1 DRIP for deposits, and make sure you leave enough BNB in your wallet to cover transaction fees in the future.
Choose how much DRIP to purchase here.
3) Then go to the FAUCET page, and enter a buddy address in the referral section- it’s on the left hand side of the page when you scroll down. You need a buddy to sign up. Consider adding me as your buddy with the below address and I’ll send you some DRIP as a thank you!
Buddy: 0xA8c37F051bcA9BC50338Ab425945aA7Eb6C976fA
Scroll down and enter the address of the buddy you’d like to sign up under
4) Deposit at least 1 DRIP (ensure you have enough BNB to pay for the gas fees). Please remember that anything deposited is not withdrawable, but you will receive 1% of that staked amount every 24 hours.
Choose how much DRIP to deposit here. You’ll then be able to see your deposits and how much is available to claim or hydrate.
5) You’re set up on DRIP! Get ready to receive 1% daily.
Disclaimers: Under no circumstances should any of this information be taken as financial advice. I’m not a finance professional and so far most of these numbers are purely theoretical. Mileage may vary, and I am still learning. The above is my own story and you should do you own research based on your own finances and risk tolerance. Don’t invest anything you’re not willing to lose.
