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Hello and welcome to Caesar's Snack Sandwich.

Today I have a quick video for you on Antfarm.finance.

If you have a project that you would like me to take a quick look at and share, I will just add it to my shill list.

Link is in the description and in my profile and so forth.

It's a decentralized exchange, but it's kind of built different with a few different little goals inside.

You can go and check it out, you can kind of come and provide liquidity, you can farm some tokens and also you can come as a product and provide liquidity here and so forth.

Anyway, so I'm gonna use the docs today to explain it.

It's pretty simple in some ways, but it's definitely different and has a unique vision to them, okay?

So basically Antfarm is a liquidity provision place where, based on what I've read here, I'm assuming that it's concentrated liquidity because there are these band prices and the band prices automatically adjust.

So when you go to the pools here and you go to add liquidity and you say, oh, I want to add ETH and I want to add USDC.

It automatically tells me the other side.

It's not like you come in here like Uniswap version 3 and you decide your own ranges and stuff like that.

And so you'll find out what you need to provide by providing liquidity to those pools.

Now they're going to automatically rebalance it and they use the swaps to rebalance it.

So basically what it says here is that typically users or protocols like automatic liquidity manager protocols like Gamma Strategies and stuff like that, what they usually do is they will rebalance it for you, right, but in this case, what they're doing is they're using the fee structure to cause the bots, the arbitrage bots, to rebalance the position for you.

It doesn't explicitly say that, but that's basically what I'm understanding.

So as the price of ETH, or in this case ETH moves to that certain point, then the arbitrage bot will provide the swap, but at that swap will also rebalance the position and so forth.

So that's the way I'm understanding this.

Go into the Discord, read this yourself and figure out what you think.

So that's 1 of the major differences is that they're just letting the bots, when the bots want to do the arbitrage, When they want to do that, they rebalance it for you, for everyone actually.

The second thing that's very different here is they use insanely high swap fees.

So the swap fees are minimum 1% and go all the way up to 100%.

Now I wouldn't understand why it would be 100% but anyhow 100% is possible, okay.

Their idea is that you don't need tons and tons of micro transactions, high, high, high micro transactions to get the same amount of volume.

Trading volume equals trading fees for participants, right?

So what they've done here is they've created this DEX to target just arbitrage.

So, let's say you set the fee to 10%, then your pool will sit there idle doing nothing.

However, if that token moves 10% then the arbitrage bot is going to like more than 10% you know 11%, 10.5% whatever that arbitrage bot feels is valuable and you know based on pool depth and slippage and also the gas cost of performing that transaction, right?

So when the token price moves more than 10% then the arbitrage bot will come and make that swap and extract that market value difference because over there it's being traded like crazy and following the price closely, but here the price is sitting waiting.

It doesn't change until there's a change in price somewhere else greater than this fee.

And then when that fee, when that swap comes, when that arbitrage bot comes and does that swap, then it's going to get rebalanced as well as that huge trading fee is collected by the protocol.

So that's the major difference between this protocol and other DEXs and stuff like that.

Other DEXs try to keep the fees as low as possible to attract as much trading volume as possible, but here their idea is that it's better to just 1 big trade as opposed to many, many, many, many, many little trades.

Now, the second thing, the next thing that they're doing is that they're taking those fees.

So they're taking those fees and they're using those fees to buy this ATF token.

Now this it's a little bit strange it's Ant Farm token but they called it ATF I'm not exactly sure why this this is kind of every time I reading this kind of bothering me it should be AFT but maybe there's some reason why they decided to call it ATF for Ant Farm Token.

So the Ant Farm Token, so basically they take all of the fees from all of the pools and they use all those fees and they buy the ATF token.

So they buy that token and then they issued that token as rewards to the liquidity providers.

The first way they defend it is that a person who, like a project who puts their token as liquidity and with whatever other token, they're going to get a different token.

So if their token goes to 0, let's say my shitcoin, Caesar's shitcoin, goes to 0, then at least I will still have ATF token, right?

And the other thing they talk about is that this ATF token is actually deflationary because 15% of the fees are burned.

So they take 15% of all of the fees, they burn it, 85% go to the liquidity pools based on who deserves it, pool by pool.

There is a few little other key features in here that are pretty interesting.

And that is the NFTs, they issue an NFT so you can see which position you're in, you can see what is your base token, what is your quote token, and then also there's some other features inside here like you can delegate your dividends so that ATF token that is to be paid or to be claimed can be claimed by a different address and then the other possible thing here is that you can use this system to lock your liquidity, however you like, for a project.

So a project might be like, oh, we're going to provide initial liquidity and lock it for 3 months or 2 months or what have you.

But they'll still be able to claim their dividends and so forth.

There's probably a little bit more that I'm missing, but I've read through all of this and I think that's all you really need to know before you really want to know if you want to dig deeper and find out a little bit more about this and decide if this is something that you're interested in.

So I hope this has been useful and interesting and thank you so much for watching and goodbye.


Speaker 0: Hello and welcome to Caesar's Snack Sandwich. Today I have a quick video for you on Antfarm.finance. Okay, this is put into my shill list. If you have a project that you would like me to take a quick look at and share, I will just add it to my shill list. Link is in the description and in my profile and so forth.

So it's pretty interesting. It's a decentralized exchange, but it's kind of built different with a few different little goals inside. You can go and check it out, you can kind of come and provide liquidity, you can farm some tokens and also you can come as a product and provide liquidity here and so forth. Anyway, so I'm gonna use the docs today to explain it. It's not, there's not a lot to explain.

It's pretty simple in some ways, but it's definitely different and has a unique vision to them, okay? So basically Antfarm is a liquidity provision place where, based on what I've read here, I'm assuming that it's concentrated liquidity because there are these band prices and the band prices automatically adjust. So when you go to the pools here and you go to add liquidity and you say, oh, I want to add ETH and I want to add USDC. And so I have like $8 USDC. I create the position.

It automatically tells me the other side. So it's not, the ranges are set already. It's not like you come in here like Uniswap version 3 and you decide your own ranges and stuff like that. They have the ranges decided for you. And so you'll find out what you need to provide by providing liquidity to those pools.

Now they're going to automatically rebalance it and they use the swaps to rebalance it. So basically what it says here is that typically users or protocols like automatic liquidity manager protocols like Gamma Strategies and stuff like that, what they usually do is they will rebalance it for you, right, but in this case, what they're doing is they're using the fee structure to cause the bots, the arbitrage bots, to rebalance the position for you. This is based on my understanding. It doesn't explicitly say that, but that's basically what I'm understanding. So as the price of ETH, or in this case ETH moves to that certain point, then the arbitrage bot will provide the swap, but at that swap will also rebalance the position and so forth.

So that's the way I'm understanding this. I could be a little bit wrong. Go into the Discord, read this yourself and figure out what you think. So that's 1 of the major differences is that they're just letting the bots, when the bots want to do the arbitrage, When they want to do that, they rebalance it for you, for everyone actually. The second thing that's very different here is they use insanely high swap fees.

So the swap fees are minimum 1% and go all the way up to 100%. Now I wouldn't understand why it would be 100% but anyhow 100% is possible, okay. So basically like what are these fees? Their idea is that you don't need tons and tons of micro transactions, high, high, high micro transactions to get the same amount of volume. Trading volume equals trading fees for participants, right?

So LP participants. So what they've done here is they've created this DEX to target just arbitrage. So, let's say you set the fee to 10%, then your pool will sit there idle doing nothing. However, if that token moves 10% then the arbitrage bot is going to like more than 10% you know 11%, 10.5% whatever that arbitrage bot feels is valuable and you know based on pool depth and slippage and also the gas cost of performing that transaction, right? So when the token price moves more than 10% then the arbitrage bot will come and make that swap and extract that market value difference because over there it's being traded like crazy and following the price closely, but here the price is sitting waiting.

It doesn't change until there's a change in price somewhere else greater than this fee. And then when that fee, when that swap comes, when that arbitrage bot comes and does that swap, then it's going to get rebalanced as well as that huge trading fee is collected by the protocol. So that's the major difference between this protocol and other DEXs and stuff like that. Other DEXs try to keep the fees as low as possible to attract as much trading volume as possible, but here their idea is that it's better to just 1 big trade as opposed to many, many, many, many, many little trades. Okay?

Now, the second thing, the next thing that they're doing is that they're taking those fees. Let me see where it is. So they're taking those fees and they're using those fees to buy this ATF token. Now this it's a little bit strange it's Ant Farm token but they called it ATF I'm not exactly sure why this this is kind of every time I reading this kind of bothering me it should be AFT but maybe there's some reason why they decided to call it ATF for Ant Farm Token. So the Ant Farm Token, so basically they take all of the fees from all of the pools and they use all those fees and they buy the ATF token.

So they buy that token and then they issued that token as rewards to the liquidity providers. And they defend this in 2 ways. The first way they defend it is that a person who, like a project who puts their token as liquidity and with whatever other token, they're going to get a different token. So if their token goes to 0, let's say my shitcoin, Caesar's shitcoin, goes to 0, then at least I will still have ATF token, right? And the other thing they talk about is that this ATF token is actually deflationary because 15% of the fees are burned.

So they take 15% of all of the fees, they burn it, 85% go to the liquidity pools based on who deserves it, pool by pool. Pro RADA but pool by pool. That's pretty much the whole idea here. There is a few little other key features in here that are pretty interesting. And that is the NFTs, they issue an NFT so you can see which position you're in, you can see what is your base token, what is your quote token, and then also there's some other features inside here like you can delegate your dividends so that ATF token that is to be paid or to be claimed can be claimed by a different address and then the other possible thing here is that you can use this system to lock your liquidity, however you like, for a project.

So a project might be like, oh, we're going to provide initial liquidity and lock it for 3 months or 2 months or what have you. But they'll still be able to claim their dividends and so forth. Okay, so that pretty much covers it. There's probably a little bit more that I'm missing, but I've read through all of this and I think that's all you really need to know before you really want to know if you want to dig deeper and find out a little bit more about this and decide if this is something that you're interested in. So I hope this has been useful and interesting and thank you so much for watching and goodbye.

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Antfarm Finance - Decentralized Exchange focused on High-Fee Arbitrage Yield