Efficient LLAMA
We are speaking a lot about being innovative in making your life easier. So here are some serious details about how LLAMA works:
- Unique yield farming mechanism: you don’t need to stake your llamas, just have them in your wallet.
- Reward token (Wool) is pegged to Llama token: you can breed 1 new Llama from 10 Wool anytime. Thus the price of the reward token is linked to the price of the Llama token.
- Wolf incentivization mechanism- if there is no trading volume, the yield farming stops till the volume is back. So you are protected from big Wool dumps in the absence of exchange activity
Llama yield farming is very transaction efficient. Let’s compare it to farming of any token on HARVEST:
Transactions required to start farming with Harvest:
- Buy token
- Approve token for deposit
- Deposit token
- Approve token for staking
- Stake token
Transactions required to start farming with LLAMA:
- Buy LLAMA
Transactions required to reinvest your profits with Harvest:
- Approve reward tokens for selling
- Sell reward tokens, buy token
- Deposit token
- Stake token
Transactions required to reinvest with Llama:
- Breed LLAMA
Total: Harvest 9 transactions, Llama just 2 transactions!
By keeping your costs down we are helping to save the planet, reducing the amount of power required to mine all these transactions by almost 80%!
Check all the innovations if the Llama smart contract yourself, it’s open source and public: https://etherscan.io/address/0xe06Ca07364dc7Af1d0cF84B34b05B2E19881FBfe#code
by Crypto Llama team 6.6.2021
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