GuildSwaps: FARM

GuildSwaps FARM (GSF), was created to cater to the following circumstances:

  1. A desire to acquire GUILD and/or (if available) 3Fi tokens.

  2. When Arb.Fees are unfavourable due to extremes in market valuations of whitelisted derivatives.

If neither of the above satisfy your intent, review: GuildSwaps: Arbitrage, which caters to the inverse.

Purpose.

The FARM assists 3's asset acquisition endeavours.

Function.

The FARM swaps whitelisted assets for GUILD tokens and (if available) 3Fi tokens.

Advantage.

To entice participants, the FARM offers to purchase whitelisted (CRV) derivatives for the market price of CRV, regardless of the derivative's peg status.

  • 1x GUILD is issued for each 1x USD of value contributed.

  • If available, a number of 3Fi tokens are allocated per GUILD issued. (The number allocated are determined by the 3Fi token's distribution model).

The FARM may also purchase other non-derivative assets who's utility may be leveraged internally.

Disadvantage.

While GUILD has the first right to refuse settlement, settlement can only occur when:

  1. GUILD is staked in a settlement contract. Staking is permanent and persists until settlement occurs.

  2. stGUILD settlements depends on 3's revenue-flow. The greater 3's revenue-flow, the faster settlements occur. So as 3's asset base grows, so does its potential to produce revenue, aiding settlement times to trend towards zero (real time).

Alternative settlements.

3Bonds (will) offer an alternative route to settlement. As 3 matures:

  • The Reserve will begin to offer 3Bond settlements in ETH, and

  • 3 will establish secondary markets to facilitate GUILD to ETH swaps.

Recommended reading: Swaps, farm a revolution.

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