Mechanics Overview

Pinto uses dynamic incentives to oscillate its price across its value target of $1.

The Farm is the Pinto ecosystem. Anyone can become a Farmer by interacting with Pinto.

The Farm has four primary components: the Silo, Field, Sun and Toolshed. Each component independently implements mechanisms that each contribute to protocol maintenance.

The Silo is the protocol’s liquid deposit facility. The Silo offers passive yield opportunities to farmers for Depositing Pinto and other whitelisted assets. Deposits earn a portion of all Pinto minted. The Silo is designed to minimize the frequency and veracity of bank runs. For more information about the Silo, see The Silo: The Perfect Complement to Credit

The Field is the protocol’s lending facility. The Field offers yield opportunities to farmers for lending Pinto to the protocol. All Pinto lent to the protocol are burned to reduce supply. Lenders are repaid on a first in, first out basis whenever Pinto is minted. For more information about the Field, see The Field: The Most Innovative Lending Facility In Crypto

The Sun is the protocol’s autonomous timekeeping mechanism. The Sun offers payment to farmers for participating in timekeeping and ensuring regular code execution. Time on the farm is kept in Seasons, which last approximately 1 hour. For more information about the Sun, see The Sun: The Source of Life on the Farm.

The Toolshed offers a suite of tools to Farmers for efficient use of Pinto and other protocols on Base. Nothing in the Toolshed is directly related to protocol maintenance.