Introducing Don-key’s Auto DCA and Social Fee share

Today the team is excited to announce its first bear market product: Auto DCA and farm, signaling a shift from strictly yield farming to a broader category of products in Social DeFi. A new term, it refers to any decentralized financial product that utilizes the community to maximize wealth creation.

What’s the Rage with DCA

Timing the market is not just hard; it’s impossible. Selling the top and buying the bottom is the subject of billions of hours of Youtube content but almost no one can do it consistently — least of all the youtube “experts” and VCs with the industry “insight” to do so. We all get swept up in market frenzy, which is exactly why Don-key wants to save you from the irrational sentiments of both the Bulls and the Bears.

Fee Share and DCA

We are launching a decentralized, smart contract based auto DCA (daily cost average) tool that will let you deposit BUSD and distribute daily purchases of WBTC and ETH across 90, 180,360, or 720 days. Beyond the decentralization, the next gen innovation.

In addition, Users can choose to allocate a portion of up to 10% of their BUSD to DCA into $DON token throughout the same time frame chosen for the WBTC or ETH.

Don-key’s DCA pool will also be combined with a social element. 0.5% of entry deposits and exit withdrawals will be redistributed to current members of the pool, allowing the earliest DCA-ers to profit the most from compounding and reoccurring BTC or ETH investments. The entry and exit fee will be distributed weighted according to those who hold the most $DON via the $DON DCA (not related to how much $DON you hold in your wallet.)

Announcements on when this will launch will come shortly along with details on how to whitelist for this product and get first access to the strategy — thereby maximizing your yield.

Note: An additional 0.5% entry/exit fee will also be used to fund Don-key’s treasury.

About Don-key Finance

Don-key.finance is the only social yield farming platform to democratize expertise in yield farming. Investors need profitable strategies and farmers need extra liquidity — Don-key brings them together in an open-source competition driven marketplace.

With just one-click everyday investors can route their liquidity — in whichever token they chose — through community designed strategies that are updated to chase the highest available APY while minimizing risk.

Competitive Yield Farming is a full-time job; Don-key does it, so you don’t have to.

Website | Twitter | Medium | Telegram Community | Telegram Announcements

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store