What is Brainiac Farm?

Brainiac is a yield farming and staking protocol on the Ethereum Chain. The project’s goal is to become the next evolution of high-yield farming and Single Asset Staking to earn both more tokens or partner/new project tokens, reducing risk exposure but maintaining a high APY. At launch, the project will introduce high yield farming by staking LP, with a mechanism that increases staking APY as TVL increases. Below is the APY according to TVL.

There is no max supply of $BRAINS. The emission rate of farming rewards depend on both market price of tokens, as well as TVL. Given there is no max supply, there is a 5% LP withdrawal fee to introduce buyback and burns (rather than infinite dilution) into the mix. the 5% will be unpaired, then tokens burned. The ETH from the unpaired LP will be sent to a smart contract dedicated to performing manual (via contract function) buyback and burns after certain price drops. Team will do buybacks manually to avoid getting gamed.

Good to know: ETH in the buybacks contract cannot be withdrawn, only called by a smart contract function to buy back and burn tokens.