Animal Farm is a decentralized yield generation platform that offers multiple low-risk products for generating yield. Unlike other high-risk, high-reward projects, this one allows users to earn yield in USD, without having to take out the AFP native token. The platform has a solid Total Value Locked (TVL) of nearly $100 million and has been adopted by many users since its launch in November 2021. Animal Farm offers governance rights to AFP token holders to vote on proposals for the project’s future. The platform has also been audited and has a dynamic supply control mechanism to ensure TVL is not drained.
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Introduction
Hey guys welcome back to a brand new video today I’m gonna share a very interesting and very exciting project that goes by the name of Animal Farm. In this video, we will be discussing how Animal Farm is different from other high-risk, high-reward yield generation protocols.
Generalization
The problem that exists is Generalization people want to use yield generation opportunities real generation products or protocols but when they’re offered by a standardized entity that poses a lot of risk a lot of security risk, risk of misallocation, basically lots of people’s assets all these things exist in generalization in the center lines entity.
Animal Farm
What really inspired me about Animal Farm is that unlike f3x or such places or such platforms this is a decentralized place that offers us different products that help us get a yield. Basically, this is a yield generation platform which is decentralized and we have multiple Products. Unlike other projects that are high risk, high reward, this one is high reward but low risk.
Products
As an overview, you can see you have different products like pig pen, piggy bank, and dark pound. We’re going to learn what we have in these projects, and there are different ways to earn and generate yield.
TBV
Another amazing thing about Animal Farm is that in comparison to other yield generation protocols or platforms, they help us generate yield in USD. It doesn’t impact your holdings if you have the AFP token and you’re generating yield. You don’t have to take out AFP; you get yield in USD, which you can simply take out or compound to increase your holdings.
Mechanism
The Animal Farm has a mechanism to ensure that the TVL is not drained or keep on minting new tokens. There’s a dynamic supply control that adjusts the yield in a suitable range that is based on the demand of the underlying assets, and if the demand is reducing, then they start burning it to counter it.
Governance
The Animal Farm governance is now live, and stakers of the AFP token have the right to vote on what happens in the future of the project. They get to open up new proposals, vote on proposals, and decide what happens next.
Audited
This project has been audited, which ensures that it is safe and credible, and token prices are available on CoinMarketCap and Gecko.
Conclusion
Animal Farm is a decentralized place that offers different products that help us get a yield. Unlike other yield generation protocols, it generates yield in USD so that it won’t impact your holdings. The mechanism, governance, and audit ensure a safe and trustworthy platform.
