Farm them all! — a whale safe way to earn by farming
The Problem
You’ve heard of farming the $UNI token. By providing liquidity on $UNI, you receive $UNI tokens as a reward. Simple. Some people decide to keep these tokens, but many immediately sell them for a different asset.
Low rewards and high gas prices for transactions and swaps — these factors make farming often unprofitable if you do not have a large amount of capital in the pool. Therefore, whales are the only people who are engaged in this, selling their tokens and thereby pushing the price of the reward $UNI down. Ordinary users watch how the price of their reward is constantly falling.
The Solution
This is where Dracula comes in. Dracula Protocol aggregates on its smart contracts deposited by users LP tokens from UniSwap and several other platforms and starts to earn rewards of these victim pools. With the help of “Drain” function, activated by any user at any time, it collects these rewards and sells them on the market. Than it uses the received Ethereum to buy Dracula Protocol $DRC tokens and then burns a portion of these tokens, while also distributing $DRC as reward to liquidity providers in the protocol. Burning supports the DRC price and rewards increase users.
Let’s talk about the advantages of Dracula over its victims such as UniSwap or SushiSwap.
In pools on UniSwap or SushiSwap, the more money locked in the pools, the more your share is diluted and the less rewards you get.
Dracula, on the contrary, works in the exact opposite way; the more locked in its pools, the more rewards it receives, which translates to more $ETH being received. This goes in to directly buy $DRC and reward the token holders. At the same time, a portion of these tokens are burned, reducing the total supply.
The more TVL locked -> more rewards selling -> more DRC buybacks — more burning — WIN-WIN-WIN situation.
You don’t have to sell rewards tokens yourself, you don’t need to buy your main assets, you don’t need to lock them in pools. You save a lot of gas by not having to claim or swap tokens, or adding liquidity to pools.
Instead, you get an asset that should grow in value while the total supply of the asset is constantly decreasing. This all depends on Dracula Protocol being able to attract enough TVL in its victims pools.
As attracting people is a constant struggle Dracula has today released the next phase which makes $DRC a “hold and earn” token: Stake $DRC to earn either $DRC or $ETH. Both pools utilize the buy and burn method. A new way to burn $DRC is by locking liquidity in the $DRC / $ETH pool. Read more HERE.
Dracula protocol now has 7 kinds of protocols as victims: #UniSwap, #SushiSwap, #Pickle, #LuaSwap, #Dodo, #SashimiSwap and YFValue. Dracula Protocol is also working on adding new victims.
You can farm $DRC by staking pairs such as:
$WBTC-$ETH, $USDT-$ETH, $DAI-$ETH, $USDC-$ETH, $OMG-$ETH $LINK-$ETH, $YFI-$ETH, $SNX-$ETH, $AAVE-$ETH, $REN-$ETH, $WBTC-$TBTC …and lots of other pairs. See all the pairs on their website.
If you don’t feel like staking a pair, just stake only one of these assets through Dodo victim pool ETH LINK SNX COMP WBTC YFI USDC, and all stablecoins using @CurveFinance through Pickle.
No rugpull available: liqudity provided by community
Audit -done-
The Airdrop
Dracula Protocol will be airdropping a total of 350k $DRC tokens to token holders, those that have interacted with our Master Vampire contract, and Uniswap users. More details in This Article.
((((((((((((((((FARM everything you own!)))))))))))))))
