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Here is just a quick snapshot of what I see happening with DRIP and The Manor Farm after 1 week for my readers and DRIP Team.
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.
1 Week after Manor Farm started, the dust is starting to settle. But fear not, Layer 2 Animal.Farm is supposed to start 14 days after Layer 1, so that puts us with another catalyst around January 18, 2022?
As you can see, the APR is dropping rapidly on the Manor’s liquidity pools and farms. All of them are now under 1000% APR, making the Drip Garden’s 3% per day the top earner once again. Unfortunately, it is not a steady 3%. Your daily APR wavers relative to how often you are compounding and claiming. The more you compound, the more you will stay near 3% daily, which comes to up to 1,095% APR — now HIGHER than any pool or farm on the Manor.Farm.
That said, the DRIP-BUSD Drip Garden still has incentive to buy DRIP, earn DRIP-BUSD “plants”, and stake it to earn REV > BUSD.
There is also still incentive to buy DRIP and earn REV, as REV will enable quite a lot of functions for Layer 2 including discounts on…