With the inevitable success of tomorrow’s Animal Farm release, it’s hard to suppress my YOLO impulses.
The usual disclaimer: I am not a financial advisor, therefore this could not possibly be construed as financial advice. This is just a story I felt like writing because I need another outlet to talk about my potentially dangerous addiction to Drip.
Yes, it really IS getting a bit dangerous for me on many levels. First, let’s talk about this in terms of my career. While I haven’t lost my motivation to work, and likely wouldn’t ever, let’s face it — I’m getting older and I can’t turn back the clock. Even though I know I am extremely fortunate to have had the opportunity to help provide for my family with a job that I love for over 20 years, I also want to be able to enjoy life and time with my family while I’m still able. I can only imagine that if I somehow, some way get to the point where my weekly claim is enough to replace my salary, I might actually pursue a new career (YouTube streamer, maybe?). I’ve recently experienced health problems that forced me to reconsider things in my life, and a huge Drip win would certainly accelerate my decision-making process.
Maybe I’ve had more than a drip’s worth of the Kool-Aid, but I find it hard to deny the results early adopters have seen in their wallets. Even not-so-early adopters are experiencing life changing benefits from Drip. The protocol itself also looks extremely solid. Forex Shark and his team have considered literally every possible scenario and the evaluated the attributes of past projects that would lead Drip to failure. After reading the whitepaper multiple times, reading Medium articles, and watching countless YouTube videos, not only do they reinforce my confidence in the design of the protocol, but there’s an amazing lack of haters out there towards Drip.
I started with the Drip Faucet and did my best to understand the taxes and reward structure. I am one to “trust, but verify”, and I had attempted to create my own Drip calculator spreadsheet. It was a horrendous mess, and I spent hours trying to figure out how to make it work. I gave up and fell back to my profession (programming), and ended up writing a simplistic app in about 15 minutes. Amazingly enough, it did a reasonable job of calculating my ROI based on various hydration/claiming scenarios, and the numbers were pretty close to the other calculators. Great, so the numbers do really show that it’s possible to generate a significant amount of passive income within a pretty short time period (like 2 years or so).
At some point, I decided to play with the Manor Farm. I had absolutely no idea what anything meant, but as with anything else I don’t understand, I just dove in and tried stuff. Somehow, at the end of L1, I had a pretty nice pile of these things called REV tokens.
Along the way, I learned that the REV was going to eventually be swapped for PIGS and DOGS tokens. PIGS, when staked in the Pig Pen, issue rewards in BUSD. There’s a significant amount of potential tax revenue coming to all of us PIGS owners. When Forex likens the new Animal Farm to something like PancakeSwap, and how the PIGS will realize significant rewards for staking on the farm, how can anyone not get excited? Keep in mind Forex’s track record. I don’t care about mooning and Xs. While important, yes, I am mostly looking for longevity. I want to source of passive income that will be around for years. I am optimistic that he will deliver this.
Let’s also look at the adoption of Drip — the number of new users each month is growing exponentially:
There are currently over 60k users in the ecosystem right now. This is such a small number compared to the total number of people in cryptocurrency right now.
300 million! That is an insane number — just imagine what Drip will look like if it hits 1% of that number. Then you have to consider what it would be like if cryptocurrency could reach mass adoption and hit all 7.9 billion people worldwide. Yes, certainly not possible, but 1% of that is still over double the amount of crypto users!
Okay, now you probably understand where I’m coming from. We have a protocol in Drip Faucet that is proven to work and provide consistent, steady gains. We have a very fun farming protocol what was the Manor Farm, and will be the Animal Farm tomorrow at 11AM EST! Couple those with a very small, but growing user base that has no ceiling in sight, and it just makes sense to YOLO in. So what am I going to do?
Currently, I’ve got a small, but growing team in Drip Faucet. I’m slowly onboarding new players, and am providing concise and pertinent information to the team via our Telegram group.
Tomorrow’s Plan
I’ve been agonizing over what to do tomorrow once the pre-launch swap occurs. The delay in the launch was helpful, yet at the same time it was painful to have to think about strategy for another two days! Here’s what I’m going to do — I’m going YOLO.
I sold most of my stock in my “Covid” trading account.
I sold almost all of my ERC20 tokens. I was originally going to hold onto them and wait for them to hit highs again. However, I thought about it and came to the realization that at best, I would probably see a 3x increase of their current value. Technically, I should be able to 5–10x it in the Animal Farm, and certainly in the Drip Faucet over time. I sold them for USDC, and before tomorrow I will buy BNB with USDC, then swap the BNB for BUSD. This BUSD will be used for who knows what. I might call an audible tomorrow.
I don’t have any idea what the pL2 tokens are going to get me, in terms of PIGS and DOGS. From Forex’s AMA today with Crypto Atlas, it’s very clear that I (and many others) simply don’t understand the difference between a token’s value and its actual price. I need to review this more. Regardless, whatever I do get from the pL2 swap will be allocated like this — all of the PIGS will go into the Pig Pen (obviously), while 25% of my DOGS will be paired with BUSD and placed in the farm, and the remaining 75% will go into the single-asset staking pool.
I sold off tokens earlier this week, and created USDC/BUSD and USDT/BUSD pairs, which will go into the stablecoin farms. I also moved ETH out of one of my other accounts and moved it to BSC as WETH earlier this week.
That’s about it! It’ll be interesting to see how this all pans out over the coming weeks. I’m really hoping that what Forex suggested works well, and that I’ll be able to draw a little BUSD out periodically. However, most of the BUSD is going to eventually get paired with DOGS rewards and placed into the DOGS/BUSD farm.
What are you going to do? Let me know in the comments!
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