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Abstract

e updated.</p><h2 id="1c26">Single Staking — Removal</h2><p id="4c09">Single staking is going to be removed from the Animal Farm. I think this is quite surprising. They were working on a more robust single-staking option, but it hasn’t come to fruition yet. Maybe they’re going to be working on a brand new type soon, but time will tell.</p><p id="583c">The reason for the removal is stated in that it has been contributing to the price decline of DOGS. I believe there isn’t much gain on the backend for the DogPound/PigPen, so it does make sense to remove it.</p><h2 id="f104">DRIP/BUSD LP-Removal</h2><p id="6b0a">Another shocking update! The removal of the DRIP/BUSD LP farm. There is a LOT of DOGS earned through DRIP/BUSD LP, so that, with the removal is single staking, should really help the price of DOGS to recover.</p><p id="5da3">Apparently, the DRIP/BUSD LP will not be migrated to PCS V3, because it won’t earn yield. So, that’s another reason it’s being removed.</p><p id="a03a">However, there is a new product being developed that will allow you to use your DRIP/BUSD. Something like using the DRIP in the tax vault, and the BUSD to buy DRIP, giving you withdrawable BUSD. But, pending development.</p><p id="d0a6">It would remove 50–70% of new DOGS minted daily, which would be huge for the DOGS price.</p><h2 id="62ee">Withdrawal/Deposit Fees</h2><p id=

Options

"0f4f">Forex said that there would be no withdrawal or deposit fees in V3 Animal Farm. I’m not sure if that means there will never be fees or if their is a temporary no-fee for the transition.</p><h2 id="708e">DogPound</h2><p id="2362">The DogPound is going to have some significant changes.</p><p id="574a">The voucher system for withdraw/selling is going to be replaced by an NFT system. The NFT could be staked, sold, transferred, allowing it to be shared/exchanged between users.</p><p id="7af1">I’m not sure exactly what this will mean for existing DOGS stakes in the DogPound. We will have more clarification soon on that, I’m sure.</p><h2 id="4dae">Coming Soon</h2><p id="6e9e">There are some other things in the works. Forex plans to release some Animal Farm things regularly, including:</p><ul><li>V3 DogPound update</li><li>Piggy Plinko</li><li>Superchats</li><li>Scratchy</li><li>More Games</li></ul><h2 id="72c7">Conclusion</h2><p id="c9f8">This is the classic Forex pattern. He tends to throw a lot of ideas out there, and not all of them stick/launch. But, I think it’s important that he continues to update the community. I’ve been excited about Scratchy (NFT Scratch Offs) for a <i>long</i> time, and I was excited to hear him mention in it.</p><p id="5b11"><i>Follow me on Medium for more Animal Farm updates! Thanks for reading!</i></p></article></body>

Major Animal Farm News 5/26/23 — DOGPOUND CHANGES

Today, Forex gave a major update on DRIP, but he followed with a lot of news for Animal Farm. So much news, that I decided to split them into two separate articles. To read about the DRIP announcements, please read this article. For Animal Farm news, carry on!

Pancakeswap V3 updates (PCS V3)

Pancakeswap is currently migrating their platform to V3 token swaps, which will provide the following benefits:

Up to 25 times LOWER fees for swapping, compared to V2 token swaps.
Liquidity Providers (LP) will get more fee earnings
Up to 4000 times higher capital efficiency. This will allow LP provides to concentrate their LP holdings to specific token price ranges, especially beneficial in stablecoin pairings.

I’m currently working on an in-depth article as to what these new updates will provide to users, so follow me to get an update to that topic!

Well, with those Pancakeswap updates, the Animal Farm assets need to be updated.

Single Staking — Removal

Single staking is going to be removed from the Animal Farm. I think this is quite surprising. They were working on a more robust single-staking option, but it hasn’t come to fruition yet. Maybe they’re going to be working on a brand new type soon, but time will tell.

The reason for the removal is stated in that it has been contributing to the price decline of DOGS. I believe there isn’t much gain on the backend for the DogPound/PigPen, so it does make sense to remove it.

DRIP/BUSD LP-Removal

Another shocking update! The removal of the DRIP/BUSD LP farm. There is a LOT of DOGS earned through DRIP/BUSD LP, so that, with the removal is single staking, should really help the price of DOGS to recover.

Apparently, the DRIP/BUSD LP will not be migrated to PCS V3, because it won’t earn yield. So, that’s another reason it’s being removed.

However, there is a new product being developed that will allow you to use your DRIP/BUSD. Something like using the DRIP in the tax vault, and the BUSD to buy DRIP, giving you withdrawable BUSD. But, pending development.

It would remove 50–70% of new DOGS minted daily, which would be huge for the DOGS price.

Withdrawal/Deposit Fees

Forex said that there would be no withdrawal or deposit fees in V3 Animal Farm. I’m not sure if that means there will never be fees or if their is a temporary no-fee for the transition.

DogPound

The DogPound is going to have some significant changes.

The voucher system for withdraw/selling is going to be replaced by an NFT system. The NFT could be staked, sold, transferred, allowing it to be shared/exchanged between users.

I’m not sure exactly what this will mean for existing DOGS stakes in the DogPound. We will have more clarification soon on that, I’m sure.

Coming Soon

There are some other things in the works. Forex plans to release some Animal Farm things regularly, including:

V3 DogPound update
Piggy Plinko
Superchats
Scratchy
More Games

Conclusion

This is the classic Forex pattern. He tends to throw a lot of ideas out there, and not all of them stick/launch. But, I think it’s important that he continues to update the community. I’ve been excited about Scratchy (NFT Scratch Offs) for a long time, and I was excited to hear him mention in it.

Follow me on Medium for more Animal Farm updates! Thanks for reading!