Taking Yield Farming to the Next Level With Animal Farm
services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed.
The concept of yield farming has changed the way people view savings by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols have developed their architecture and functionalities around yield farming.Introducing Animal Farmis a DeFi protocol that is modelled after George Orwell’s novel of the same name that criticizes centralized power.
The platform uses two native tokens, DOGS *live October 18th*, the reward asset, and PIGS , the governance token, which represents the platform’s ownership stake.In contrast to other DeFi platforms, Animal Farm utilizes a dynamic supply control algorithm. By employing this innovative algorithm, the supply of the DOGS token,, and the PIGS token, is determined in a trustless, decentralized manner.