Introduction
Last updated
Last updated
We will begin by saying that we respect Goose and applaud them for coming up with a farm mechanic that others willingly copy without alteration. While Goose works and has flourished, we believe that it has flaws and its success is largely due to being the first mover. Unlike others, we have worked to improve the Goose model and hope that our farm sets the new standard.
Issues:
(1) We believe that the current Goose model invites too much sell pressure from both the farms and single token pools. The deposit fee requires higher emission rates from the farms and single token pools but this sell pressure cuts into the value of the token.
(2) Goose and its clones use a manual process for breaking and selling their deposit fee. Why should you need to trust them to do the right thing and use the full deposit fee to buy & burn. As you've probably seen, many Goose forks don't properly do this because the process is not done via contract but requires manual input.
Our Solution:
We have build a smart contract with automated price stabilization. What this means is that our contract will automatically use the 3% deposit fee to buy the DINO token, create both LPs (DINO/USD & DINO/BNB), and send that LP to a burn address. Adding to the liquidity and burning the LP tokens creates a perpetually rising price floor.
We have adjusted the weights on the farms to lessen the sell pressure. Rather than give the farms 4-6x emission rates, we have elected to use rates of 1-2x.
In the future we plan to add an auto-compound feature to simplify the process of compounding your emissions.
