FFP-4 New Farming Pools

Hi Feeders,

Background

Ever since we paused our planned vault partnership, we’ve constantly been thinking about how we could achieve the same effect (attracting vault user/investor attention) without incurring high and immediate cost at currently depressed market conditions.

There has to be a more efficient way to achieve the same result while market conditions don’t allow for a partnership we’ve discussed with our partners prior.

We came up with this:

Vault users and investors typically hold native tokens and stake them on those platforms.  Once staked, those tokens sit idle within the farms.  

We could propose a partnership whereby Feeder Finance would help generate yields to vault tokens.  In return, we’ll get to introduce our platform to our vault partners, their investors and users, and a friendly gesture that hopefully would lead to more collaborations in the future.

Our pitch to target vaults and their investors/users to create a win-win scenario for all parties:

• Beefy Finance: $BIFI’s native token farm, once deposited, will give depositors $mooBIFI.  We would create a farm for these derivative tokens to receive $FEED rewards.  BIFI holders don’t lose a thing and get more rewards. Beefy Finance itself would also attract more investors as its native token generate more aggregate yields.  Something Beefy Finance may support by_ making this known to its investors/users._
• ACryptoS: ACS’s native token vaults, once deposited, also give depositors a derivative, i.e.: $acsACS. The same pitch as Beefy Finance applies.
• AutoFarm: While $AUTO single-token farm deposits do not generate derivative tokens, with sufficiently attractive APR, $AUTO tokens would also become more attractive, leading to more investors buying $AUTO to stake on our farm.  Goodwill from our side and a potential co-marketing to push it.

Feeder Finance sees itself as a complementary platform to all DeFi projects.  As we develop our platform, we look forward to partnerships with all established DeFi platforms and hence would like to use the tools available to us to build a solid long-term relationship.  Good relationships mean platforms work together to maximize value to investors and users; synergy can be created when projects utilize all tools available as a group.

Finally, BSC remains a concentrated network when compared to ERC.  There are only a handful of players that have established themselves fully within BSC.  While this could be viewed as negative (centralized, limited optionality, limited competition), we could flip this into an opportunity.  A network of DeFi platforms working together across the blockchain to create maximum value for investors and users.  There are always two sides to a coin; it’s a matter of perspective.

The following is a conservative assumption of our proposal:

Our proposal to the community:

We’re asking you, both farmers and stakers, to spare 10% of total farm distribution, meaning both parties lose an equal 10% of their distribution, to be used in this marketing campaign.  That 10% will be split up three ways; for $mooBIFI, $AUTO, and $acsACS farms earning $FEED rewards.

Once launched, we’ll go to all these three potential partners and let them know this is going on. We’re hopeful they will welcome the move.  Regardless, this will benefit vault investors/users and likely generate tangible attention towards our upcoming product launch.

The Vote:

• Snapshot will happen at block number #8008888 (https://bscscan.com/block/countdown/8008888)
• We’ll have a vote on this issue on Saturday June 5, 6AM GMT+1 to Sunday June 6, 6AM GMT+1
• Both Farmers and Stakers will have a say in this as it affects both pools.  

Please feel free to discuss openly.  Patrick’s DM is also always open for questions and additional thoughts if needed.