Incubator — Layered farming (Unique Burning Mechanism)
We have more news about the incubator that we are working on! We hope to launch it in 1–2 weeks.
Why we came up with this idea? It was because we saw people getting rug pulled every 2–3 days and it really made us lose faith in humanity. Therefore, we came up with this perpetual automated farm generator that gives high APY! Like my previous blog, we are giving you a way to APE SAFU perpetually.
What is layered farming?
We all know that Golden Duck has to solve the inflation problem like $CAKE, and we came up with this layered farming system.
Every 14 days, a new layer “Layer x Duck” token will be launched, and Duckers can ape-in to enjoy the high APY with a low Circulating supply token. (Initial minting is still needed to provide liquidity)
So what is it so special?
Duckers can stake Duck(Genesis Layer) into the incubator in any layers to generate the corresponding “Layer x Duck” Token PERPETUALLY. The number of Duck able to stake into the incubator WILL BE FIXED AS FIRST COME FIRST SERVE BASIS. Also, the Duck WILL BE BURNED.
This fixed amount of staking ensures the benefits of Duckers who staked Duck into the incubator, in other words, to prevent more people staking into the pool diluting the APY/Duck reward.
These layers will be on FOREVER, therefore, you can stay in the oldest layer to farm as long as there are profits.
The farms and nests will be similar to ducks, where you stake “Layer x Duck”-USDC LP token to generate more “Layer x Duck”, or single token. Layered farming WILL NOT generate Ducks.
*Updated on 19/07
There will be Duck House where you will be able to stake the “Layer X Duck” to get ACTUAL TOKEN (Currently decided as Matic ). This MATIC will be purchased automatically through 75% of the 4% of transaction fee in the layered farms. This is to bring actual value to “Layer X Duck”
In conclusion
Duckers who wants to enjoy high APY plus gamble (like into new swap sites), can enter the Layered farming with SAFU environment.
Duckers who wants to enjoy lower APY but the stable price can hodl the duck.
Layered farming will cause the ducks to be burnt, therefore pushing the price of ducks higher.
