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FEG Staking is now live!
Unbeatable passive income ๐ฆ
Crypto Assets enthusiasts are always looking for ways to maximize their holdings and generate passive income. FEG staking is a feature of the FEG ecosystem that offers the opportunity to achieve this.
FEG staking is a protocol that allows FEG Token holders to stake their Token and earn rewards from the entire FEG ecosystem. It's a simple concept, but it has the potential to bring significant benefits.
Features of ๐ฆ staking contracts
One of the standout features of FEG's SmartDeFi staking protocol is that stakers can earn rewards from FEG and all projects that use the SmartDeFi staking protocol. This unique advantage opens the door to diverse revenue streams, with many projects launched through the SmartDeFi Launchpad generating returns.
Although users are required to pay BNB or ETH gas fees, staking FEG Token does not incur any deposit or withdrawal fees.
Staking your FEG Token has the flexibility of no lock-up period, allowing you to stake and unstake at your convenience.
Staking rewards are automatically distributed and compounded, eliminating the need for users to manually claim and reinvest their earnings.
The contract is designed to provide unlimited yields and can be upgraded without requiring any action from the user, such as unstaking or moving to a new version of the contract.
Source of ๐ฆ staking rewards
Currently, FEG's rewards only come from FEG's on-chain trading activity, as the ecosystem is not fully online; its components will be rolled out in phases in the coming months.
FEG Token: Generated by FEGToken Economic Tax - Held
wBNB/wETH: Charged from FTW and aggregator fees - to be published
SmartDeFi Token: Earned from all projects using the SmartDeFi staking protocol - to be released
Various Tokens: Tokens from projects that allocate a specific supply for staking - to be published
What is FSS๐ฆ
After staking, your FEG Token will be deposited into the staking contract, and in return, you will receive something called FEG SD Staking Share (FSS). These stakes represent your ownership in the staking pool. Think of the FSS as a receipt from the system to confirm that you have successfully staked. You will need to present this receipt to the system for the system to allow you to unstake.
FSS is not a 1:1 ratio
The FSS is updated with each acquired FEG
Total FSS / Total SD = ratio
It is not possible to transfer FSS to another Wallet
๐ ETH FEG SD Staking: 0x06fdbEEc1420B42B8A4ef74a09548484eA87d650 ๐ BSC FEG SD Equity: 0x938eE3387f31eF7160a83286dFD4C3b317B56351
Non-FEG Rewards ๐ฆ
Non-FEG rewards refer to wBNB/wETH rewards from FTW/aggregators. You'll also earn rewards in SD Token form from each SmartDeFi project that launches and activates its staking system. You may end up with tokens from hundreds or thousands of different SmartDeFi projects that are likely to skyrocket in value in the coming years, depending on their popularity.
Reward distribution
Non-FEG rewards are distributed on a round-by-round basis and have certain accumulation thresholds. Developers can modify the accrual thresholds for rewards, and the accrual thresholds for each type of reward may be different. For example, if 1 wBNB is used as the threshold, the reward will be issued when the reward pool accrues to 1 wBNB.
Claim Trigger Non-FEG rewards can be claimed in three ways: - Staking and unstaking any amount of FEG - Use the "Claim Rewards" option - Use the "Claim All" option
Unstaking or increasing your stake within the first 30 days of initial staking will result in a 50% loss of your non-FEG rewards. The above forfeited rewards will be distributed to other stakeholders.
Optional FEG "Sacrifice". ๐ฆ
As requested by the community, a burn feature has been introduced in the new Stake contract for those looking to help with the burn effort and reduce the supply of circulating Tokens.
Stakers can burn a specified percentage of staked FEG when unstaking, thereby removing these tokens from the supply at that time.
The sacrifice percentage you set will apply to the exact amount of FEG Token you choose to unstake at that time, whether they are your reward or the amount you originally staked. To activate this feature, you must specify the percentage you want to sacrifice and the amount you want to unstake.
At any time before unstaking, you can turn off the sacrifice by setting it to 0% in the "Sacrifice" settings.
Platform extensions ๐ฆ
Initial Platform: Initially available on Ethereum and BNB Smart Chain.
Expansion Plans: The team plans to expand the revenue streams of FEG stakers to earn rewards from more Blockchain