Ryan
1 min readMay 20, 2022

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I have been asked by several people about this debunking article. To be honest, I liked the article. I enjoyed the proof and depth of research. I agree with the article in that DRIP is not burned, but instead it is "locked" in the Tax Vault and, similarly, inaccessible.

Albeit, I don't entirely agree with the rest of the article.

In a pure sense of only depositing and payout out, then yes, the tax vault has been somewhat drained. But what is missing from the article is taking into account other things that feed the tax vault such as collateral rehypothecation, Animal Farm, and future dApps like the Scratchy's that will generate millions of dollars in BNB.

The collateral rehypothecation is where tens of millions of dollars of DRIP and AF's liquidity is lent to PancakeSwap. It earns interest, and a significant portion of this interest is returned and used to buy back DRIP and AF native tokens. This buy back mechanism will create some buy pressure and remove tokens from circulation. Also, for the Scratchys, if DRIP, DOGS, or PIGS is used to buy the lotto ticket, those funds are burned.

Thanks for reading!

Regards,

~Ryan

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Ryan
Ryan

Written by Ryan

Insider Tips & Resources for passive income w/ focus on trading, crypto, and affiliate marketing. Top Writer on Medium.com for Investing and Finance

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