The DeFi space has exploded in recent months. Yield Farming, Staking and Liquidity Mining have taken the space by storm, with participants earning by basically "locking" their tokens for a time. While generally great, these concepts have one downside: impermanent loss (IL). If you are farming/staking and the value of the underlying token changes significantly, even though you still get rewards, the value will be far less than if you simply held your tokens.
PETS is an autonomous yield and liquidity generation protocol that aims to directly reward its holders whilst concurrently increasing liquidity. This is funded by a 5% fee taken from each and every transaction. Consequently, the protocol has a permanently increasing price floor, with all investors earning additional PETS just for holding.
