The WOJAK-PEPE-CHAD Ecosystem Overview Through Wojak.Farm & OgPepe.io

8 min readMar 10, 2024

For those just joining the Journey with The Original Pepe, they might not know that Pepe is part of the Wojak.Farm Ecosystem. What follows is the Developer’s Documentation of how the code is to function upon it resuming in Q2 of 2024. Further progress will be detailed in following articles. We are excited to present this to the Community & grow towards a sustainable future.

The WOJAK-PEPE-CHAD ecosystem is a dynamic and interconnected platform designed to revolutionize the decentralized finance (DeFi) and cryptocurrency sectors. At its core, the ecosystem incorporates three primary tokens: Wojak, Pepe, and Chad, each fulfilling distinct yet complementary roles essential for the ecosystem’s functionality and user engagement.

Wojak.farm (WOJAK) serves as the foundational token within the ecosystem. With a capped supply of 11,000 tokens, Wojak.farm initiates the user’s journey into the ecosystem. As an ERC20 token, Wojak.farm embodies stability and reliability, providing users with a secure means of accessing the ecosystem’s functionalities and participating in its various features.

The next integral component of the ecosystem is the Pepe token. Acting as a reward token, Pepe incentivizes user participation and engagement within the ecosystem. Through its innovative reward mechanisms, Pepe encourages users to actively stake their Wojak tokens, thereby contributing to the ecosystem’s growth and vitality.

Central to the functionality of the ecosystem is the Chad token. With its unique properties and functionalities, Chad plays a pivotal role in maintaining the ecosystem’s economic equilibrium. As the recipient of the Pepe mint tax, Chad ensures the sustainability and balance of the ecosystem by performing functions best aligned with the interest of the community.

Together, Wojak, Pepe, and Chad form the cornerstone of the WOJAK-PEPE-CHAD ecosystem, fostering a vibrant and interconnected community of users. Through their collective efforts and interactions, participants contribute to the ecosystem’s evolution, driving innovation and growth in the decentralized finance landscape.

The PEPE getReward Function: A Key Mechanism

Central to this ecosystem is the getReward function, a critical mechanism for rewarding user participation.

Updating Staking Rewards: Initially, the function updates the staking rewards for the user (msg.sender), ensuring that each participant’s contribution is accurately reflected.
RewardValidation: It checks the user’s staked balance to confirm if there are sufficient rewards to claim the requested amount, maintaining the integrity of the reward system.
Oracle Consultation: The Oracle is then consulted to ascertain the current value of PEPE tokens in ETH. This step is vital for calculating the rewards in ETH equivalent.
TaxCalculation and Verification: The function calculates the ETH tax based on the Oracle’s valuation and verifies that the user has provided enough ETH to cover this tax.
Token Minting and Tax Transfer: Following successful verification, PEPE tokens are minted for the user, and the ETH tax is transferred to the Chad contract.
Refunding Overpayment: If the user sends more ETH than required, the function refunds the excess amount

The Oracle & Chad Contract: Expanding Functionalities

The Oracle and Chad contract are pivotal components of the ecosystem, each with distinct functionalities.

The Oracle’s Role: The Oracle serves as a real-time price feed, providing essential data for reward calculations. Its dynamic nature allows for a flexible and responsive reward system.
ChadContract: Acting as more than a tax recipient, the Chad contract is the hub for innovative features, including the launchpad and deflationary mechanisms.

Key Aspects of the Old Chad Contract

These functions illustrate the core mechanisms of the old Chad contract, focusing on reward distribution through getReward and the unique burning process of Chad tokens for ETH:

getReward Function:

○ RewardCalculation: Calculates the user’s rewards based on staked Uni tokens and time.

○ Minting Rewards: Issues Chad tokens as rewards, credited to the user’s account.

○ RewardReset: Resets the user’s reward balance to zero after distribution

○ Event Emission: Emits a Rewarded event to record the reward distribution.

burnChadforEth Function:

○ RewardUpdate: Updates rewards before proceeding with the burn process.

○ Payout Calculation: Calculates the user’s share of the contract’s ETH balance based on the amount of Chad being burned.

○ Burning Process: Burns the specified amount of Chad tokens, removing them from circulation.

○ ETHDistribution: Transfers 90% of the calculated ETH amount to the user, with the remaining 10% sent to a designated fund.

○ Event Emission: Emits a ChadBurntForEth event to record the burn action.

In this old system, the focus is on staking Uni tokens to earn Chad rewards, with the option to burn Chad for a share of the contract’s ETH. However, this system lacks more complex interactions like the new launchpad integration we are proposing……

Introducing the New Chad Launchpad & Smart Contract Structure

Incorporating WOJAK staking as a fundamental requirement for participating in Chad Launchpad activities significantly enhances its role within the WOJAK-PEPE-CHAD ecosystem. This strategic shift not only elevates WOJAK’s demand and utility but also aligns it closely with the ecosystem’s growth and expansion goals. Here’s how this approach impacts the ecosystem, particularly in terms of user incentives and the supply of PEPE….

Enhancing WOJAK’s Role

Access to New Opportunities:

● Staking WOJAK becomes the key to unlocking new DeFi opportunities on the Chad Launchpad, such as early access to token launches and exclusive projects.

● This requirement positions WOJAK as a valuable asset, essential for users seeking to maximize their engagement and investment potential within the ecosystem.

Incentives for Users:

● The prospect of gaining access to these new opportunities creates a strong incentive for users to acquire and stake WOJAK.

● Users are likely to perceive the benefits of participating in the Chad Launchpad as outweighing the costs, making them willing to stake more WOJAK and engage more deeply with the ecosystem.

Impact on PEPE Token Supply and Value

Willingness to Pay More Than PEPE Price:

● To claim their rewards, users are required to pay an ETH tax, which could be higher than the current value of their PEPE rewards.

● Given the added benefits and potential gains from participating in the Chad Launchpad, users are incentivized to pay this higher tax, as the long-term benefits of accessing the launchpad outweigh the immediate cost. Deflationary Effect on PEPE:

● The ETH collected from these taxes is used for buyback and burn of PEPE tokens, creating a deflationary effect.

● As PEPE tokens are bought from the market and burned, the overall supply of PEPE decreases, potentially increasing its scarcity and value.

● This reduction in PEPE supply, coupled with the increased demand and utility of WOJAK, creates a balanced dynamic within the ecosystem, enhancing the value proposition of both tokens.

New Chad Smart Contract Structure

Fallback Function for ETH Tax Collection:

● Implementation: A fallback function in the Chad contract activates upon receiving ETH from the PEPE contract.

● Security: This function ensures only the PEPE contract can send ETH, maintaining secure and controlled fund flow.

Launchpad Token Reward Calculation:

● Process: The fallback function uses the received ETH to calculate rewards in launchpad tokens.

● Basis: Rewards are based on the ETH tax paid, reflecting the user’s engagement in the ecosystem.

Distribution of Launchpad Tokens:

● Management: Chad contract handles the distribution of launchpad tokens based on the rewards calculated.

● Criteria: Distribution correlates with the user’s ecosystem participation and the amount of ETH tax paid.

Buyback and Burn of PEPE:

● Usage: The ETH tax is utilized to buy back PEPE tokens from the market.

● Deflationary Mechanism: A process is implemented to burn these PEPE tokens, reducing supply and enhancing scarcity.

User Flow

In the WOJAK-PEPE-CHAD ecosystem, the user experience is streamlined and intuitive, focusing on key interactions that lead to earning rewards.

Here’s a step-by-step breakdown of what a typical user will see and do:

Buying Wojak Tokens:

● The user’s journey begins with the purchase of Wojak tokens. This can be done through Uniswap or https://swap.ogpepe.io

Approving and Staking Wojak Tokens:

● Once the Wojak tokens are acquired, the user needs to approve them for use in the Pepe contract. This is a standard procedure in DeFi platforms, granting permission for the tokens to be staked.

● After approval, the user stakes their Wojak tokens. Staking is essentially locking up tokens inside PEPE smartcontract to participate in its functionalities and earn rewards.

Accumulating Rewards:

● The amount of reward a user can earn depends on two key factors: the amount of Wojak tokens staked and the duration for which they are staked. The longer and more a user stakes, the greater the potential rewards.

Initiating the getReward Function:

● When the user decides to claim their rewards, they interact with the getReward function. This is typically done through a user interface provided by the ecosystem, where the user can simply click a button to “Get Reward” or a similar call-to-action.

Paying ETH Tax and Receiving Rewards:

● To claim the rewards, the user is required to pay a certain amount of Ethereum (ETH) as tax. This amount is usually calculated automatically and displayed to the user.

● Upon confirming and paying the required ETH tax, the getReward function is executed.

● As a result of executing this function, the user receives their rewards in two forms: PEPE tokens and Launchpad Tokens. These tokens are credited to the user’s wallet.

Completion of the Reward Claim Process:

● The process concludes with the user successfully receiving their rewards. The PEPE tokens can be used within the ecosystem or traded, while the Launchpad Tokens may grant access to additional benefits or opportunities within the platform.

This user flow is designed to be straightforward and user-friendly, allowing participants in the WOJAK-PEPE-CHAD ecosystem to easily stake tokens, claim rewards, and enjoy the benefits of their participation with minimal complexity.

Conclusion

The WOJAK-PEPE-CHAD ecosystem represents a significant advancement in the DeFi sector, offering a robust and engaging platform for users. Its strategic implementation of smart contracts, reward systems, and deflationary mechanisms fosters a sustainable and dynamic environment. This approach not only incentivizes user participation but also maintains a balanced economic model, ensuring the long-term viability and growth of the ecosystem.

The WOJAK-PEPE-CHAD proposal for 2024 signifies a major step in building a robust and diverse ecosystem. With Wojak enhancing the staking experience and Pepe as a reward token, the system is poised for significant growth. The strategic implementation of the Oracle and the multifaceted Chad contract set the stage for an innovative and engaging DeFi platform. The launchpad and deflationary mechanism are just the beginning of this journey, as continuous innovation and expansion are expected to further enrich the Pepe universe.

By making WOJAK staking essential for Chad Launchpad participation, the WOJAK-PEPE-CHAD ecosystem not only boosts WOJAK’s importance but also creates a compelling economic model. Users are motivated to invest more due to the attractive opportunities provided by the launchpad, and their willingness to pay a higher ETH tax for PEPE rewards leads to a decrease in PEPE supply, enhancing its value. This strategic approach fosters a vibrant community, drives engagement, and ensures a sustainable and dynamic ecosystem, benefiting all stakeholders involved.

This revamped Chad smart contract, with its focused functionalities, aligns with the ecosystem’s strategic goals. It incentivizes user engagement through launchpad token rewards and supports PEPE’s value through a deflationary mechanism, fostering a sustainable and dynamic economic environment in the WOJAK-PEPE-CHAD ecosystem.