“Wit beyond measure is man’s greatest treasure!” This quote from Harry Potter is what I think of when I try to compare the masterful design of DRIP and The Manor Farm to other primitive DeFi projects. Or, like in Jurassic park where virtually all of DeFi is the hunter with a big ol’ shotgun thinking they are big stuff — only to fail miserably, versus DRIP and Manor Farm who are the velociraptors who hunt using multi-dimensional herding tactics.
Ok, ok, … I’m reaching a bit. But hear me out. Ask yourself this question:
What makes DRIP and Manor Farm sustainable?
And, why do virtually all other DeFi platforms start out with a gazillion % APY and within a week, their token value has dropped 90%?
In this article, I will point out FOUR very interesting mechanisms that are at play with DRIP and The Manor Farm that, in my opinion, make it sustainable with room for growth.
Author’s Note: This is not trade or financial advice. All trading and investing, whether real estate, stocks, or crypto, involves the risk of loss, sometimes greater than 100% loss. Do not trade or invest with funds you are not willing to lose. Please do your own research. Content is of the OPINION of the author.
Burn The Boats
Have you ever heard the phrase “Burn the boats!” It originated in 1519 when a Spanish commander destroyed their own vessels in order to incentivize his men to either conquer or die. I read in an article that it “basically created a point of no return for himself and his men.”
I really could not have said it better. When you deposit DRIP to the Faucet, your deposit is sent to a Tax Vault— it is un-retrievable. It’s like saying, “bye bye, money!” Your only 2 choices are to claim rewards or to compound them (or a combination of the two).
Why would anyone want to do that? Why would anyone think it would be ok to lock up their initial deposit…