What is Feeder Finance (FEED) | What is Feeder Finance token | What is FEED token
In this article, we’ll discuss information about the Feeder Finance project and FEED token
What’s Feeder Finance?
A DeFi Aggregator for Diversified Yield Generation.
Feeder Finance (“Feeder”) is a DeFi aggregator (“Feed”) for diversified yield generation on Binance Smart Chain (“BSC”). Feeder aims to allow investors to feed capital into lending platforms, liquidity pools, vaults, and other DeFi products in an automated and diversified process.
Background
Prudent investors look for ways to effectively manage risk while earning yields. At this point (Q2–2021), many dozens of DeFi platforms have been launched on BSC, within it, hundreds of investment options that are ever-growing. Maintaining a diversified portfolio, not to mention keeping up with the changes, in yields and products, requires a substantial amount of time and effort, something some investors enjoy, while others look for ways to automate the process. This is where Feeder Finance comes in…
What is Feeder Finance?
As DeFi evolves, it is likely that more and more unique yield generating products will emerge, however at this juncture, two main yield generating products stand out: 1) Liquidity Pools/Farms and 2) Vaults/Lending. Acting a lot like a real-world feeder fund, we call this “Feed”, capital is invested by the investor through an intermediary, in this case, Feeder, to efficiently automate yields generation. Essentially for a fee, Feeder provides a platform for diversification and automation, enabling easy allocation of capital into desired end-products.
Automation and Diversification Mechanics
The automation and diversification mechanics is based on a very simple yet widely regarded assumption, that the market as a whole, is the best allocator of capital (aka “Efficient Market Hypothesis”). Hundreds of thousands of BSC users make a decision about where, and how much of their capital to invest. While not all users agree, in aggregate, and over time, they form an efficient consensus about risks and rewards. To overweight and underweight an allocation, we refrain from making predictions and rely on the Random Walk Hypothesis, which, put simply, states that the best predictor of tomorrow’s returns is yesterday’s returns.
Each Feed covers a select list of products or platforms and uses a formula to make decisions about how to allocate among the covered products and when to rebalance. The factors driving decisions are:
- Total Value Locked (TVL)
- Last Period APY
- Platform Fees
- Rebalance Thresholds
While we have the core mathematical principle developed, we’re currently in dialogue with advisors who are well versed in mathematics and finance to verify the soundness and of our model and that no predictable risk or exploits is inherent.
Team and Governance
Feeder Finance is led by an experienced full-stack developer, a successful online marketing professional, and a finance industry veteran. The inspiration for the launch of Feeder Finance really came down to a quest to find ways to automate investing in DeFi and failing. As participants of various crypto communities, the team recognizes communities’ importance for long-term success, and ultimately Feeder Finance will be governed by FEED holders. The goal is to launch core products and hand the governance over.
Why Binance Smart Chain (BSC)?
Very simple, to be able to diversify, speed and transaction cost is vital. More importantly, we do see BSC, at its current state, as the ecosystem for the masses, everyone should be participate in the future regardless of their starting capital. We aim to bring the level of sophistication, transparency, and professionalism that is expected on Ethereum, to BSC.
Token Distribution
FEED Token has a total max supply of 100,000,000 FEED.
Feeder.finance starts with 31,750,000 FEED distributed to Treasury (5,000,000 FEED and 20 BNB of the founders’ capital has been used to provide liquidity on PancakeSwap – LP tokens have been time-locked for 1 year (contract) and the remaining 26,750,000 FEED are time-locked and released according to schedule for Team, Marketing/Ecosystem Reserves, and Development wallets.
The remaining 68,250,000 FEED of supply will be distributed at a decelerating rate by Farming.
Total FEED distribution is broken down as below:
Farming: 68,250,000 - 68.25 %
Team: 15,000,000 - 15 %
Marketing/Reserves: 10,000,000 - 10 %
Development: 1,750,000 - 1.75 %
Initial Liquidity: 5,000,000 - 5 %
The total period from minting to complete distribution will happen over 65 weeks (~17 months)
Tokenomics & Fees
Feeder Finance Tokenomics Diagram
As a platform, we’ve designed our products wrapped around the concept of creating utilities and demand for FEED token. Which ultimately brings benefits to Feeder Finance community. sFEED, staked FEED, also plays a crucial role in Feeder Finance’s Tokenomics.
Treasury Wallet: Funds for development, marketing, and reserve purposes
Staking Contract
Current Distribution Share of Farming: 30%
- Does not incur fees
- Rewards auto-compound
- Rewards get distributed approximately every 2 hours
- Additional rewards from farming withdrawal fees - LP broken down, BNB buy back of FEED, and FEED distributed once a week randomly
Farming Contract
Current Distribution Share of Farming: 70%
Harvest Fees: 7%
- 5% --> Treasury wallet for on-going development and associated costs
- 2% --> Insurance wallet which will be used for reserves
Withdrawal Fee: 5%
- 5% --> FEED holders community as Staking Pool APY
Farming Fee Rationale
Why the Withdrawal fee goes back to the community?
Withdrawals without going back into the staking pool signify investor exit. While this is natural the fee makes sure an exit does not come without costs. This cost goes back directly to the community who are sticking with the project and holding strong. Nonetheless, if farmed long enough, the rewards would have paid for such fee many times over.
Why Harvest fee is distributed to Treasury and Insurance wallets?
Simply because both needs to be capitalized to get the project to its destination, and beyond; to create value and comfort for all stakeholders. We are and will remain transparent about this. The reason it’s structured in a way that this is coming off the harvest rather than the withdrawal is that, we’d rather not touch users’ initial capital; the APY is minted and does hold value but this new value was, in a sense, created by the dev and marketing efforts, and we think it is fair that a portion is deducted towards continuous development towards more value of the project; and the underlying token.
Vault Contract
Entry Fees: 0.1% of deposits
Destination: Fee wallet
Once governance is transferred to the community after core products launches, the fee wallet will be managed by the governance body.
- Objective:
- To create DEMAND for our native token that correlates with usage of the platform
- To create UTILITY that drives part of FEED intrinsic value
Exit Fees: 0.1% o_f withdrawal_
Destination: Treasury wallet
- Objective:
- To pay for GAS FEES that the smart contracts need to run on
- To support DEVELOPMENT and MAINTENANCE of the platform
- To support any other INITIATIVES for future products that may require advisors or partnerships
Profit Sharing: 5.0% of profits
Destination: FEED Community and Treasury Wallet
- 3.5% --> FEED staking pool after real-time open-market buying of FEED
- 1.5% --> Treasury and Insurance wallet for marketing and development incentives
Objectives:
- Staking Pool: As the products become more popular, FEED stakers benefit from CASHFLOWS generated by usage of the platform; further driving value of the native token
- Treasury and Insurance Wallet: The main purpose of the treasury wallet is to drive DEVELOPMENT, MARKETING and act as a SAFETY net in extreme events beyond Insurance.
How and Where to Buy FEED ?
FEED token is now live on the Binance mainnet. The token address for FEED is 0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap FEED token
Contract: 0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in FEED token is currently …
Find more information FEED
☞ Website ☞ Website 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
#blockchain #bitcoin #feed #feeder finance
