Apr 26, 2021
Dogen.Finance DeFi Dogemocracy
My fellow Dogens,
I write to you from the divine place where the democratic freedoms of DeFi dogemocracy were born: anywhere and nowhere all at once — the borkchain.
We launched Dogen with the singluar purpose: bringing Doges to DeFi, and DeFi to Doges!
Today, I am so proud of you, fellow dogens, because you helped us to already achieve that purpose in two ways in record time.
Lesson 1 of DeFi for Doges is how to yield farm using LP. In less than 6 days since the dogen.finance fair launch, more than $1.1M worth of doge-token LPs have staked their tokens in the dogen.finance dog parks. Wow!
For the 3 new dog pools we launched today, BDOG, JSHIB, and MUSKY, every one saw a price increase when their dogen pool was launched. Many price!
Admins of new token dog tokens are now seeking validation from their token being on Dogen.finance. Such value!
Dogen.finance is working as intended: supporting the dog token community, teaching dog token holders to value of LP, and bringing the magic of DeFi yield farm to doges!
For Dogen’s yield farming guide for smol puppers and new dogens read here.
Lesson 2 of DeFi for Doges is token-based governance of the Dogen DAO. In the same 6 days since launch, 8 votes have passed on the Dogen Snapshot!
Dogens use their DOGEN in their wallets at the time of the Snapshot proposal to vote — for free! With no gas fees!
Around 3,000,000,000 DOGEN have participated in each vote and the Dogen team has been quick to take action.
BDOG, MUSKY, and JSHIBA pools were all added and look at these APYs!
If you want to participate in the Dogen dogemocracy, voting on which doges to add to the park, vote on which new blockchains to add to the Dogen Diaspora farms, and vote on how to spend the community treasury (8% of the DOGEN supply emission!), it’s easy! Just go to the Dogen Snapshot page, connect your Metamask, and vote!
Lesson 3 of DeFi for Doges is how to capture value from dividends. Here is where things should get really interesting. DOGEN tokens are not just speculative dog-based currency like many of the friendly dogs in the Dogen.finance dog park— DOGEN is the governance token of a DeFi platform, which is dog-based currency bank and decentralized financial institution like yearn.finance, and DOGEN reflects membership and ownership of a DAO! Wow!
