The Revenge of the Nerds

So nerdlings.finance is now officially up and running. I wanted to give out a shoutout to the $PYLON development team for helping out with this massive project.

We nerds spent a lot of time thinking about how to iterate over the meta farm concept. The main issue that appeared on previous attempts was the emergence of a third party: the flash loaning douchebag.

This guy would take a flash loan, buy a lot of the farm token, then call all the drains and sell his loan back for profit. This effectively makes all the farmers work for the Douchebag… not good.

So we reworked the drain so it is no longer deterministically called and we are saving up half of the yield in order to use it in a smarter way. This can include but is not limited to: Big buybacks, protocol liquidity additions, token buybacks via vault, diversification of eth into a high-performance asset index fund to generate intrinsic value to the nerdling farm… the list goes on

That way we can turn yield rewards into long term investments that can be redeemed by nerdlings in order to promote holding. This way nerdling’s hard-earned yields will turn into a compounding investment that's going to return to the holders instead of being extracted by some douche. That's the revenge of the nerds!

Governance of this farm will be done by the NERD DFO, which you can learn more about @ nerd.finance. We plan to create a number of products that support each other over time in order to bring complex crypto DEFI tools to the common audience.