🧑‍🌾Forest Farms

Welcome the heart of farming operations on Snake.Finance

The Forest is one of the core components of Snake Finance, designed to incentivize liquidity provision while maintaining the stability and growth of the protocol. By utilizing Shadow’s DEX model, we ensure consistent emissions and value creation for $SNAKE and $gSNAKE, helping to bootstrap the Nest and sustain the ecosystem over the long term.

Current Farms

Current Pools

• SNAKE/S (Stable) - 50.09%

• gSNAKE/S (Volatile) - 41.6%

• SHADOW/S - 0.24%

• x33/USDC.e - 1.53%

• THC/S - 0.18%

• GOGLZ/S - 0.18%

• FA/S - 0.18%

• USDC.e/aSonUSDC (Stable) - 2.45%

• xUSD/aSonUSDC - 3.55%

These farms offer lucrative rewards in $gSNAKE for providing liquidity to these key pairs, strengthening the protocol and supporting its peg stability mechanisms with:

• Faster backing for $SNAKE through claims;

• Increased TVL and Sonic ecosystem exposure,

• Non native pools offer similar rewards to Shadow, effectively trading gSNAKE emissions for increased xSHADOW holdings compounding via $x33.

Innovative Price Stability Mechanisms (PSM) Fee Structure:

The Peg Stability Module (PSM) is a key feature of our farming strategy, designed to stabilize the $SNAKE peg to $S and ensure a balanced, sustainable ecosystem.

How the PSM Works:

• When users claim $gSNAKE rewards, a 30% fee in $S equivalent is deducted (subject to change based on the $SNAKE:$S peg ratio, revenue and $gSNAKE price).

• This fee is directed back into the protocol, reinforcing peg stability and contributing to long-term ecosystem health.

• The PSM is a dynamic mechanism and will evolve as the protocol matures.

Rewards & Opportunities

By participating in the Forest, you help grow the Snake Finance ecosystem while earning $gSNAKE. These rewards are designed to encourage active participation, deepen liquidity, and drive the continued growth of Snake Finance within the Sonic network.

Stay tuned for updates as we roll out new features and continuously optimize our farming structure for the best user experience and protocol growth.

Emission Schedule

• Emission Rate: 59,700 $gSNAKE tokens will be emitted over two years.

  • This translates to 81.8 $gSNAKE tokens daily, split across the available pools.