# Forests Farms

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.

<figure><img src="https://438227621-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6NLoEeKDsFx1ENKBnxGx%2Fuploads%2FpbAhKBaINYLhYNjA6fgM%2FSnake(26).png?alt=media&#x26;token=487bf22e-9a75-4c64-baf8-48f882f4103a" alt=""><figcaption></figcaption></figure>

### **Current Farms**

<figure><img src="https://438227621-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6NLoEeKDsFx1ENKBnxGx%2Fuploads%2Fk3uhEJwKH92wuAT8ZNhA%2Fimage.png?alt=media&#x26;token=3ba49a27-9fbe-4157-a263-9ba2fc579e5f" alt=""><figcaption><p>Current Pools</p></figcaption></figure>

* **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%**&#x20;
* **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 P**rice Stability Mechanisms **(PSM) Fee Structure:**

<figure><img src="https://438227621-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6NLoEeKDsFx1ENKBnxGx%2Fuploads%2FTVoTyifVUXOH0WQsNTOt%2Fimage.png?alt=media&#x26;token=5c9b2cec-7718-4994-b832-76c444412020" alt=""><figcaption></figcaption></figure>

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.
