**MOG POD Manifesto**

The MOG POD is a utility for $MOG holders on Peapods Finance.

Peapods introduced a new "volatility farming" primitive that generates real yield from crypto's only certainty (volatility). The Peapods design also makes it possible for single asset-depositors (who only 'wrap' to the pod and don't supply liquidity with a paired asset) to share in the volatility farming yield. Especially volatile assets such as meme/ culture coins are optimal candidates for pods.

The MOG POD presents a multi-faceted opportunity for moggers to benefit both themselves and the project:

1. *Real yield without exposure to impermanent loss*. Those who wrap into the pod - or purchase the $pMOG pod token directly, which may be a more efficient path depending on price and size - will be earning real yield on a single-sided asset, which is a novel feature in DeFi and a great option for token holders.
2. *Signal of conviction*. Since it will not be immedidate for the earned yield to surpass the wrap/unwrap or buy/sell fees to enter and exit the position (yet once this does happen, pMOG participants are earning free and clear real yield on a single-sided asset; e.g. see this MOG POD illustration from Palis: https://x.com/curvethots/status/1760399730746786021), podders are demonstrating a form of committment to the token, and MOG POD may be considered a relatively "sticky" home for $MOG. Thus, increasingly large pod TVL is a signal of project strength to outside potential investors. And any exits from the pod generate fees for remaining pod holders, further rewarding their conviction.
3. *Awareness magnifier*. The initial MOG POD brought a fresh and new wave of co-marketing for the project. Strong adoption of the pod with high TVL and high APR from combined volatility farming and entry and exit fees would bring additional eyes. For example see this illustration of the success of the pBASED pod, which has been embraced by the PepeCoin (OG) community: https://x.com/PeapodsFinance/status/1760119909542138317
4. *Further adoption across DeFi*. Strong MOG POD adoption will lead other DeFi protocols to take notice of the $MOG token and community, leading to an adoption cascade. Meanwhile, the $pMOG token itself is fully composable, so it represents an attractive target for other DeFi protocols in Lego fashion. For example, holders could borrow stablecoins or $ETH against a yield-bearing $pMOG position.
5. *A high-yield opportunity for LPers*. Some MOG POD participants may choose to pair their $pMOG with $pOHM and stake the resulting spMOG LP token on Peapods. This LP is the engine that generates the volatility farming revenue for the pod. While needing to consider the potential effects of impermanent loss (which can be used as a tool rather than feared) on their position, LPers are rewarded with deflationary (and arguably undervalued) $PEAS rewards, in addition to the growth of their interest-bearing $pMOG and $pOHM positions.
6. *Novel project revenue stream*. The pod has a 5% partner fee, which is currently directed to a wallet owned by the pod creator 0x7d54. However, once pod deployment costs are recouped, these fees will be shared equally with the MOG project using an EthereansOS on-chain tech stack. Success of MOG POD will thus directly benefit the project in perpetuity.

Peapods Finance site with link to app and docs: https://peapods.finance/

Introduction to Peapods Finance: https://x.com/0x7d54/status/1748356483627044971

MOG POD launch announcement: https://x.com/0x7d54/status/1756499854405042476

Primer on impermanent loss (only relevant for those considering providing LP): https://academy.binance.com/en/articles/impermanent-loss-explained

There is always smart contract risk in DeFi. For their v2 release, the Peapods Finance team sought review of their smart contracts in multiple forms, including two completed audits, a bug bounty program, and independent code reviews by security experts. Here is the detailed audit report from Yearn Finance's yAudit, a premier auditing organization: https://reports.yaudit.dev/reports/01-2024-Peapods/