# Feeder Finance Overview Not sure where to start? Check-out the following sections to learn more about Feeder Finance! *Get a fast overview of Feeder Finance:* {% content-ref url="/pages/-MYOK-J9PTIjDPZqQyFO" %} [What is Feeder Finance?](/feeder-finance-overview/master) {% endcontent-ref %} *Staked FEED (sFEED) is the center of the platform. Learn more about why you should mint and hold sFEED:* {% content-ref url="/pages/Du9hXeNF0J1oIJuoJXfw" %} [sFEED Ecosystem](/feeder-finance-overview/sfeed-ecosystem) {% endcontent-ref %} *Fees play a crucial role in the Feeder Finance ecosystem. Learn what fees you pay when using Feeder Finance and where they go:* {% content-ref url="/pages/-Mh-3943M8bCzfeFqC5X" %} [Fees](/feeder-finance-overview/fees) {% endcontent-ref %} *Feeder Finance is one of the most ambitious projects in the crypto space. Learn what we have achieved and what we will achieve:* {% content-ref url="/pages/-MYOKdxF-nRpsKg-fpZq" %} [Roadmap](/feeder-finance-overview/progress-roadmap) {% endcontent-ref %} *If you want to take a closer look at Feeder Finance and see all the KYCs we have completed, then check this section out:* {% content-ref url="/pages/-MYOKnw3P9kK5jmMYk\_2" %} [Team](/feeder-finance-overview/team) {% endcontent-ref %} *Feeder Finance has communities on Telegram, Discord and more. You can find all useful community links here:* {% content-ref url="/pages/-Md232NOd2ZG1vpWSx2B" %} [Community](/feeder-finance-overview/community) {% endcontent-ref %} # What is Feeder Finance? An All-in-One DeFi Aggregator ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fs5jhHpV1qLc9pUfFXZtM%2FFDDGQswVgAAmgMR.jpg?alt=media\&token=bb0308ef-75c3-4cc6-9daa-6e7e40fb209b) **Feeder Finance** reimagines the DeFi journey with a simplified user experience, multichain vault aggregation, on-platform swapping tools, and much more -- ***Think less, Earn more.*** * The Feeder Finance platform will feature a uniquely simplified user experience to turn the hunt for APY at countless platforms and chains, into **one simple stop** * Feeder Finance is live on **BSC, FTM, and AVAX** with many more chains upcoming to create a true multichain DeFi experience * The team has recently completed its audit of the first of its kind P2P Lending with yielding receipt tokens used as collateral; future iterations will include loan marketplace and pooled P2P lending * Our upcoming roadmap update will be released by early March 2022; for now please check out our previous [roadmap](https://medium.com/feeder-finance/feeder-finance-roadmap-e188830fb6db) {% content-ref url="/pages/-Md22Ff0mH8pkWoVuZ3P" %} [Why should I buy FEED?](/feeder-finance-overview/master/why-should-i-buy-feed) {% endcontent-ref %} {% content-ref url="/pages/-MYOM3F3mab7N5D860l5" %} [How to Buy FEED](/feeder-finance-overview/master/how-to-buy-usdfeed) {% endcontent-ref %} {% content-ref url="/pages/-MYOLD0Xl1KhQieyaWwg" %} [FEED Tokenomics](/feeder-finance-overview/master/tokenomics-1) {% endcontent-ref %} ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FjEs4TVsdakfmasgNhAfz%2FFeeder%20Finance%20Roadmap%20Q42021_Final.png?alt=media\&token=d7088019-433c-43b2-9b44-98898bfb039c) ### A Brief Background DeFi for new users can be a chaotic experience as many different platforms exist offering similar products or services. On top of that, users are forced to move from one platform to another to complete the DeFi cycle, from swapping, providing liquidity, lending, yield-optimizing, aggregating portfolios. Feeder Finance aims to simplify this whole process by creating a single point of contact for users and investors of DeFi. Aggregating all products and services into one place over time allows investors to easily track investments across these different places through the Feeder Finance platform. On top of that, the team is always on the lookout for new innovative DeFi products to release and make the DeFi journey of Feeder users simpler. We start with Feeder Finance the P2P Lending Protocol. Its release will enable any token holder to unlock liquidity through collateralization. These include receipt tokens of vaults that could be used as collateral. Many more new products to come! FEED Tokenomics is simple and intuitive. There will be 100 million tokens ever minted. Each token shares the economics of the platform. From TVL-driven fees, user-driven subscription models, and success-driven sponsorship partners. Multiple revenue streams that monetize on all aspects of value added by the use case going back to holders. Feeder Finance is an organically driven project with a community that hopes to build a sustainable platform that grows, scales, and adapts to the industry. The community’s engagement and support drive marketing, strategy, and development. At its core, the founding team is builders with a long-term mindset; believers of **“if you build it, they will come.”** # FEED Tokenomics ![Feed Tokenomics Tokenomics](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F9kA5sDnMPto8qvUUX5jV%2FsFEED%20Diagram%20%E2%80%93%20Updated.png?alt=media\&token=6790ef3c-94b5-4c2e-8700-457fbc184a22) In a nutshell, * **Investors** buy FEED > stake FEED > earn FEED * **Feeder Finance** builds > earns fees > buybacks FEED > pays FEED stakers As a platform, we've designed our products wrapped around the concept of creating utilities and demand for **FEED** tokens. Which ultimately brings benefits to the Feeder Finance community. [sFEED](https://docs.feeder.finance/others/faqs#what-is-sfeed), staked FEED, also plays a crucial role in Feeder Finance's Tokenomics. ## Staking #### Current Distribution Share of Staking: 30% * Does not incur fees * Rewards auto-compound * Rewards get distributed approximately every 2 hours ## Farming #### Current Distribution Share of Farming: 70% ## Treasury-Owned Liquidity The 5% farm withdrawal fees are automatically deposited into a [treasury-owned wallet](https://bscscan.com/address/0xEB1c59B8842D52C1985a3ee45bb55A229eC07E14) which accumulates FEED-BNB LPs. The purpose of this structure is to allow the project to own more of its liquidity over time to ensure independence from liquidity providers over time. Such liquidity would also be used to generate returns and incentives for the platform that would ultimately create more buyback demands to be distributed to stakers. This is part of a pivot towards DeFi 2.0 that the community [voted on](https://vote.feeder.finance/#/proposal/0x81601afde21bb81509e0489ee0042bd8b36b63284e00530448d61da9ac00d847) in November 2021. {% hint style="info" %} If you're confused or unsure about what a DeFi 2.0 direction means for our future, here is a great [video](https://www.youtube.com/watch?v=l0vRTi8_FRk) shared by the community to get a quick intro. {% endhint %} ## **Distribution** **FEED** Token has a total max supply of **100,000,000 FEED**. **Feeder Finance** starts with **31,750,000** **FEED** distributed across multiple time-locked wallets (**5,000,000 FEED and 20 BNB** of the founders' capital has been used to provide liquidity on [PancakeSwap](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x67d66e8ec1fd25d98b3ccd3b19b7dc4b4b7fc493) -- LP tokens have been time-locked for one year ([contract](https://bscscan.com/tx/0xfee5d9f4b45292e14bcd28c9c4b769834e7f9afe9d22d288dc2088762a02b425)). 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: | Distribution | No. of FEED | % of Total Supply | | --------------------- | -------------- | ----------------- | | **Farming** | **68,250,000** | **68.25 %** | | **Team** | **15,000,000** | **15 %** | | **Treasury** | **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) ![FEED Distribution Schedule](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mh-D9dw_h4azksFJ-9I%2F-Mh-DXw8SvX1MHP4dIWY%2FFEED%20Distribution%20Schedule.PNG?alt=media\&token=5c5ffcea-aedc-46af-a0a1-d2e112279b1c) *\*Liquidity tokens were used to provide liquidity for a fair launch and time-locked for 12 months* The following is the distribution schedule: | Week | FEED / Block | Farm & Staking Pools | Liquidity | Team | Treasury | Development | Total | | ---- | ------------ | -------------------- | --------- | --------- | --------- | ----------- | ------- | | 1 | **30** | 6.05MM | 5.00MM | 0.00MM | 0.00MM | 0.00MM | 11.05MM | | 2 | **25** | 11.09 | 5.00 | 0.00 | 0.00 | 0.00 | 16.09 | | 3 | **20** | 15.12 | 5.00 | 0.00 | 0.00 | 0.00 | 20.12 | | 4 | **15** | 18.14 | 5.00 | 0.00 | 0.00 | 0.00 | 23.14 | | 5 | **10** | 20.16 | 5.00 | **0.94** | **0.63** | **0.11** | 26.83 | | 6 | 10 | 22.18 | 5.00 | 0.94 | 0.63 | 0.11 | 28.85 | | 7 | 10 | 24.19 | 5.00 | 0.94 | 0.63 | 0.11 | 30.86 | | 8 | 10 | 26.21 | 5.00 | 0.94 | 0.63 | 0.11 | 32.88 | | 9 | **8.0** | 27.82 | 5.00 | **1.88** | **1.25** | **0.22** | 36.16 | | 10 | 8.0 | 29.43 | 5.00 | 1.88 | 1.25 | 0.22 | 37.78 | | 11 | 8.0 | 31.05 | 5.00 | 1.88 | 1.25 | 0.22 | 39.39 | | 12 | 8.0 | 32.66 | 5.00 | 1.88 | 1.25 | 0.22 | 41.02 | | 13 | **7.5** | 34.17 | 5.00 | **2.81** | **1.88** | **0.33** | 44.19 | | 14 | 7.5 | 35.68 | 5.00 | 2.81 | 1.88 | 0.33 | 45.70 | | 15 | 7.5 | 37.20 | 5.00 | 2.81 | 1.88 | 0.33 | 47.21 | | 16 | 7.5 | 38.71 | 5.00 | 2.81 | 1.88 | 0.33 | 48.72 | | 17 | **7.0** | 40.12 | 5.00 | **3.75** | **2.50** | **0.44** | 51.81 | | 18 | 7.0 | 41.53 | 5.00 | 3.75 | 2.50 | 0.44 | 53.22 | | 19 | 7.0 | 42.94 | 5.00 | 3.75 | 2.50 | 0.44 | 54.63 | | 20 | 7.0 | 44.35 | 5.00 | 3.75 | 2.50 | 0.44 | 56.04 | | 21 | **6.0** | 45.56 | 5.00 | **4.69** | **3.13** | **0.55** | 58.92 | | 22 | 6.0 | 46.77 | 5.00 | 4.69 | 3.13 | 0.55 | 60.13 | | 23 | 6.0 | 47.98 | 5.00 | 4.69 | 3.13 | 0.55 | 61.34 | | 24 | 6.0 | 49.19 | 5.00 | 4.69 | 3.13 | 0.55 | 62.55 | | 25 | **5.5** | 50.30 | 5.00 | **5.63** | **3.75** | **0.66** | 65.33 | | 26 | 5.5 | 51.41 | 5.00 | 5.63 | 3.75 | 0.66 | 66.44 | | 27 | 5.5 | 52.52 | 5.00 | 5.63 | 3.75 | 0.66 | 67.55 | | 28 | 5.5 | 53.63 | 5.00 | 5.63 | 3.75 | 0.66 | 68.66 | | 29 | **4.5** | 54.53 | 5.00 | **6.56** | **4.38** | **0.77** | 71.24 | | 30 | 4.5 | 55.44 | 5.00 | 6.56 | 4.38 | 0.77 | 72.14 | | 31 | 4.5 | 56.35 | 5.00 | 6.56 | 4.38 | 0.77 | 73.05 | | 32 | 4.5 | 57.25 | 5.00 | 6.56 | 4.38 | 0.77 | 73.96 | | 33 | **4.0** | 58.06 | 5.00 | **7.50** | **5.00** | **0.88** | 76.44 | | 34 | 4.0 | 58.87 | 5.00 | 7.50 | 5.00 | 0.88 | 77.24 | | 35 | 4.0 | 59.67 | 5.00 | 7.50 | 5.00 | 0.88 | 78.05 | | 36 | 4.0 | 60.48 | 5.00 | 7.50 | 5.00 | 0.88 | 78.86 | | 37 | **3.5** | 61.19 | 5.00 | **8.44** | **5.63** | **0.98** | 81.23 | | 38 | 3.5 | 61.89 | 5.00 | 8.44 | 5.63 | 0.98 | 81.94 | | 39 | 3.5 | 62.60 | 5.00 | 8.44 | 5.63 | 0.98 | 82.64 | | 40 | 3.5 | 63.30 | 5.00 | 8.44 | 5.63 | 0.98 | 83.35 | | 41 | **3.0** | 63.91 | 5.00 | **9.38** | **6.25** | **1.09** | 85.63 | | 42 | 3.0 | 64.51 | 5.00 | 9.38 | 6.25 | 1.09 | 86.23 | | 43 | 3.0 | 65.11 | 5.00 | 9.38 | 6.25 | 1.09 | 86.84 | | 44 | 3.0 | 65.72 | 5.00 | 9.38 | 6.25 | 1.09 | 87.44 | | 45 | **2.0** | 66.12 | 5.00 | **10.31** | **6.88** | **1.20** | 89.52 | | 46 | 2.0 | 66.53 | 5.00 | 10.31 | 6.88 | 1.20 | 89.92 | | 47 | 2.0 | 66.93 | 5.00 | 10.31 | 6.88 | 1.20 | 90.32 | | 48 | 2.0 | 67.33 | 5.00 | 10.31 | 6.88 | 1.20 | 90.73 | | 49 | **1.5** | 67.64 | 5.00 | **11.25** | **7.50** | **1.31** | 92.70 | | 50 | 1.5 | 67.94 | 5.00 | 11.25 | 7.50 | 1.31 | 93.00 | | 51 | 1.5 | 68.24 | 5.00 | 11.25 | 7.50 | 1.31 | 93.30 | | 52 | **0.0** | 68.25 | 5.00 | 11.25 | 7.50 | 1.31 | 93.31 | | 53 | 0.0 | 68.25 | 5.00 | **12.19** | **8.13** | **1.42** | 94.98 | | 54 | 0.0 | 68.25 | 5.00 | 12.19 | 8.13 | 1.42 | 94.98 | | 55 | 0.0 | 68.25 | 5.00 | 12.19 | 8.13 | 1.42 | 94.98 | | 56 | 0.0 | 68.25 | 5.00 | 12.19 | 8.13 | 1.42 | 94.98 | | 57 | 0.0 | 68.25 | 5.00 | **13.13** | **8.75** | **1.53** | 96.66 | | 58 | 0.0 | 68.25 | 5.00 | 13.13 | 8.75 | 1.53 | 96.66 | | 59 | 0.0 | 68.25 | 5.00 | 13.13 | 8.75 | 1.53 | 96.66 | | 60 | 0.0 | 68.25 | 5.00 | 13.13 | 8.75 | 1.53 | 96.66 | | 61 | 0.0 | 68.25 | 5.00 | **14.06** | **9.38** | **1.64** | 98.33 | | 62 | 0.0 | 68.25 | 5.00 | 14.06 | 9.38 | 1.64 | 98.33 | | 63 | 0.0 | 68.25 | 5.00 | 14.06 | 9.38 | 1.64 | 98.33 | | 64 | 0.0 | 68.25 | 5.00 | 14.06 | 9.38 | 1.64 | 98.33 | | 65 | 0.0 | 68.25 | 5.00 | **15.00** | **10.00** | **1.75** | 100.00 | #### Detailed Distribution Spreadsheet ![Feed Distribution Table](https://gblobscdn.gitbook.com/assets%2F-MYOJi0paschHKe-LQlk%2F-MYxb2ghlzjLY7yDg4jq%2F-MYxbLObNGUjXROwciIa%2FFeeder-Finance-Token-Distribution-Final.r2.png?alt=media\&token=56350172-0419-45b2-ac20-a83ec7dbfe44) ## **Summary** **FEED** native token has three main factors driving value: 1. **DEMAND** from the usage of the platform through liquidity pool buying 2. **UTILITY** in a sense that the native token is required (effectively as profit sharing and buyback into entry/exit fee) for the usage of the platform 3. **CASHFLOWS** through the distribution of profit sharing # Why should I buy FEED? Reasons to Buy FEED ### **TL;DR** * **Best DeFi Aggregator** for easy investment experience * Trusted team building Feeder since April 2021 * Max Supply of **100 million FEED** * FEED holders **earn more FEED** from the growth of the Feeder ecosystem * FEED price is constantly supported by **buybacks** * Feeder Finance sets new transparency, innovation, and security standards * FEED is a **yield generating governance token** of the platform * Staking FEED enables you to earn a constant stream of **passive income** * Feeder Finance is expanding both products and chains coverage to benefit from the industry growth and innovation [**Buy FEED on BSC**](https://app.1inch.io/#/56/swap/BNB/FEED) [**Buy FEED on FTM**](https://info.spookyswap.finance/pair/0xf20835616b8ff27ecfd7f245db43cbbc0d84a95c) ## Distribution ![FEED Distribution](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mh-D9dw_h4azksFJ-9I%2F-Mh-DXw8SvX1MHP4dIWY%2FFEED%20Distribution%20Schedule.PNG?alt=media\&token=5c5ffcea-aedc-46af-a0a1-d2e112279b1c) **FEED** Token has a total max supply of **100,000,000 FEED**. **Feeder Finance** starts with **31,750,000** **FEED** distributed across multiple time-locked wallets (**5,000,000 FEED and 20 BNB** of the founders' capital has been used to provide liquidity on [PancakeSwap](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x67d66e8ec1fd25d98b3ccd3b19b7dc4b4b7fc493) -- LP tokens have been time-locked for one year ([contract](https://bscscan.com/tx/0xfee5d9f4b45292e14bcd28c9c4b769834e7f9afe9d22d288dc2088762a02b425)). 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. [Learn more](/feeder-finance-overview/master/tokenomics-1) ## Tokenomics Feeder Finance collects fees through platform usage, **every transaction leads to FEED buybacks**. Fees are used to regularly buy FEED to be distributed to FEED staking pool. As more products and services come online, more users will use our platform, leading to more buyback pressure. Remember, token price is driven by demand and supply. FEED demand **grows**, while FEED supply is **limited**. [Learn more](/feeder-finance-overview/master/tokenomics-1) ## Transparency & Security Every step the team takes we transparently communicate to the community. Important decisions get made through our [governance](https://vote.feeder.finance/#/) platform where every FEED holder can participate. The crypto ecosystem is notorious for regular smart contract exploits. Not a week goes by without announcing a new exploit. Feeder Finance carefully keeps track of such events. We intentionally avoid features such as oracles and flash loans for our products. They are well-known for being responsible for most exploits. To ensure the highest security standard, we let our contracts get audited by the best auditors the ecosystem has to offer. [Learn more](/security-and-contracts/audits) # How to Buy FEED Buying FEED on PancakeSwap ## Where/How to buy FEED **Step 1.** **Where to Buy FEED** Use your browser and paste in the following link\*: **Step 2.** **Connect Your Wallet** Once on PancakeSwap, click on the top right blue box called "Connect" to connect your wallet (See Figure 1). ![Figure 1](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZLa2x6VnHFEv1YI9ja%2F-MZLoiJTOnAnXQ1jJPZt%2Fimage.png?alt=media\&token=f976ce41-4071-470f-9621-7c600905fde1) Choose your wallet -- the most popular wallet is by far Metamask. But others work too, choose the one you are currently using. * Note! If you've never used PancakeSwap before, it will ask you to sign and allow Pancake permission to access your wallet information. That is fine, it needs that to know how much BNB or FEED you have in your wallet. Make sure that's all it's asking every time you sign similar requests. Scammers sometimes copy the exact website design of popular DApps to scam people into signing away their passphrase, never give anyone or anything your passphrase! ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZLa2x6VnHFEv1YI9ja%2F-MZLosL8HPbOQc549w_1%2Fimage.png?alt=media\&token=84cc228b-f222-4660-84d3-9a465fb07821) **Step 3.** **"Swapping" Buying FEED using BNB** To swap your BNB for FEED, input the amount of BNB you're aiming to swap for FEED, or vice versa by inputting the number of FEED at the bottom box (see Figure 3). If you have never swapped FEED before you’ll be prompted to approve the token. Go ahead and do that. Then hit "Swap". * Note! Make sure you’re using the link/address in the docs or those that are provided here. Scammers can copy the same Token Ticker ("FEED") and sell you their token which IS NOT Feeder's FEED. ![Figure 3](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZLa2x6VnHFEv1YI9ja%2F-MZLqD59ofeAZVsqoOtG%2Fimage.png?alt=media\&token=e4ad3ee0-3aad-4f67-add0-e059685b32b5) **Step 4. You're set! Congratulations on passing Chapter 1 of DeFi, and welcome to the FEED community. Get ready to be part of taking BSC DeFi to the next level with Feeder.finance!** *\*Alternatively use the following contract address to paste in the into the search box: 0x67d66e8ec1fd25d98b3ccd3b19b7dc4b4b7fc493* ![Appendix 1](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZLa2x6VnHFEv1YI9ja%2F-MZLl8AJhEtMJX4n866h%2Fimage.png?alt=media\&token=d34c550b-b75b-4c1d-9460-a8631471d2b1) **These details might be useful to you when adding FEED to your favorite wallet.** | BNB Chain | FEED | 18 | 0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493 | [View on BscScan](https://bscscan.com/address/0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493) | | --------- | ---- | -- | ------------------------------------------ | ----------------------------------------------------------------------------------------- | | Fantom | FEED | 18 | 0x5d5530eb3147152FE78d5C4bFEeDe054c8d1442A | [View on FTMScan](https://ftmscan.com/token/0x5d5530eb3147152fe78d5c4bfeede054c8d1442a) | # sFEED Ecosystem ## What is sFEED? ![Become a Staker](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FUGhp52lzsJ8cSmGY9k4Z%2FFeeder%20Staking%20Info.png?alt=media\&token=e6151d1c-c4fe-434f-b474-280906f67c6d) sFEED gets automatically created and sent to you when FEED is staked in the staking pool and sFEED gets burned when FEED is unstaked. At the time of this post, 1 sFEED token represents about ***2.47 FEED*** tokens in the staking pool. We refer to this as the **sFEED (to FEED) ratio**. The rate at which the sFEED ratio changes depends on platform growth. With TVL and usage revenue, the Feeder Finance platform buys FEED, in the open market, for distribution to sFEED holders. In addition, this ratio can only go up. sFEED holders receive this "profit share" based on their proportional ownership of sFEED outstanding. Simply, the more sFEED you own, the higher your share of platform revenue. You can access the FEED staking pool here: . {% hint style="info" %} This is the contract address for sFEED which you can add as custom token for your wallet: **BSC: 0xEb9902A19Fa1286c8832bF44e9B18E89f682f614** **FTM: 0x411f3e09c66b30e7facfec45cd823b2e19dfad2d** {% endhint %} {% hint style="warning" %} DO NOT sell your sFEED, you will lose your FEED token in the staking pool. {% endhint %} ## Why Hold sFEED? Aside from sharing fees, **sFEED** is your **Feeder Finance VIP Card** that sticks with you as you navigate and use Feeder Finance's products and services. There are two sFEED perks categories: 1) Discounted Fees, and 2) Unlocked Features: ### Discounted Fees All new vaults launched in 2022 will embed fee discount mechanics tied to sFEED tiers of the user. Become a Feeder owner and receive privileges as the platform's owners. The following are how the tiers are split:
TiersDiscountssFEED Ownership
Tier 0 - Feeder0%< 50,000
Tier 1 - Feeder Gold15%50,000 - 99,999
Tier 2 - Feeder Platinum25%100,000 - 199,000
Tier 3 - Feeder Diamond50%200,000 - 499,000
Tier 4 - Feeder Master75%500,000 - 999,999
Tier 5 - Feeder Grand Master100%+1,000,000
{% hint style="warning" %} Note that fee discounts only apply to entry/exit fees that by default are 0.10% of deposit/withdraw tokens. Fees at target platforms still apply. {% endhint %} ### Unlocked Features Our **"All-in-One DeFi Platform**" offers many tools and features today, with many more coming soon! As an sFEED holder or platform owner, you can unlock more and more functionality as your sFEED holding grows. ![sFEED Unlock Features](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fii9wOzS7sT0e6Z4g23Rt%2Fimage.png?alt=media\&token=bc21212b-8052-476f-8112-bc5ba5a1af15) ### sFEED HODLING to the Top
sFEED Holding Dashboard
The sFEED staking Dashboard shows many useful statistics about your sFEED investment and holding. * **Staking APY**: The estimated APY that sFEED pool is earning in FEED. Automatically earn more FEED by holding sFEED. * **Your Staking Ranking**: Your rank in the sFEED holding ranking. * **Your Share**: sFEED pool earns a portion of all platform fees. Your share of the sFEED pool shows how much of those fees you are earning as an sFEED holder. Below the share of the pool, you'll see how much estimated FEED your sFEED represents and as well as its value. * **Wallet Balance**: How much sFEED and FEED you have in your wallet. * **Tier**: Your current Tier (see what that means in the "Why Hold sFEED" section above; and how much fee discount you are entitled to with your current Tier. * **Upgrade to next tier**: How much more sFEED is needed to get to the next Tier. ![Last 30 days ranking](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FWiF7mAIArPpmqvuVh2FQ%2FsFEED%20Unlocking%20Feeder%20Finance%202.jpg?alt=media\&token=92278e2e-f502-43a8-9cfa-2556302465be) **Last 30 days ranking**: Shows the changes and momentum of your sFEED ranking relative to everyone else. ### Stake your FEED and become sFEED holders today at {% content-ref url="/pages/-M\_KSTfkAdI8rE-0fJ12" %} [How to Stake FEED](/products-and-services/feed-products/staking/how-to-stake-feed) {% endcontent-ref %} ## sFEED is Available on Multiple Chains *sFEED will be available on all chains that Feeder Finance is active. Without the need to bridge FEED to BSC's staking pool, holders can swap FEED for sFEED on any chain listed below and receive platform fees and perks. **sFEED is created equal on all chains.*** ### FTM Get **sFEED** by swapping **FEED** for sFEED on SpookySwap [here](https://spookyswap.finance/swap?inputCurrency=0x411f3e09c66b30e7facfec45cd823b2e19dfad2d\&outputCurrency=0x5d5530eb3147152fe78d5c4bfeede054c8d1442a) ([Analytics](https://info.spookyswap.finance/pair/0xbb15e9acd3a835da48a9d627b9029683d3e9f8f9)) # Fees ## General ### Transaction Tax: **0 %** ### PancakeSwap Trade: **0.2 %** ### **SpookySwap Trade: 0.2%** ## Farming ### Harvest Fees: 7% **Destination: Developer and Insurance wallets** * **5%** -> Developer wallet for on-going development and associated costs * **2%** -> Insurance wallet which will be used for reserves ### Withdrawal Fee: 5% **Destination: Fee Collector to Buyback and Distribute** * **5%** -> **Distribution to FEED Holders** after market buying of **FEED** {% hint style="info" %} #### **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 Developer 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 because we'd rather not touch users' initial capital. The APY is minted and does hold value. Still, this new value was, in a sense, created by the dev and marketing efforts. We think it is fair that a portion is deducted towards continuous development towards more value of the project; and the underlying token. {% endhint %} ## **Vault** {% hint style="info" %} The fees listed below occur because of our service. Target vaults such as Rabbit also charge fees. {% endhint %} ### **Entry Fees: 0.1% *****of deposits*** **Destination: Governance Treasury wallet** Once governance is transferred to the community after core products launch, the Governance Treasury wallet will be managed by the governance body.‌ * **Objective:** * To create **DEMAND** for our native token that correlates with the usage of the platform * To create **UTILITY** that drives part of **FEED** intrinsic value ### **Exit Fees: 0.1% o*****f withdrawal*** **Destination: Developer 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* {% hint style="info" %} ***Note:** '\[Platform] Strategy' will not have profit-sharing fees from the Feeder Finance platform* {% endhint %} #### Destination: Fee Collector to Buyback and Distribute, and Developer wallet * **3.5%** -> **Distribution to FEED Holders** after market-buying of **FEED** * **1.5%** -> **Developer Wallet** development and associated costs **Objectives:** * **Staking Pool:** As the products become more popular, **FEED** stakers benefit from **CASHFLOWS** generated by usage of the platform; further driving the value of the native token * **Developer Wallet:** The main purpose of the developer wallet is to drive **Development, Maintenance,** and other **Business Development** costs. ## Target Platform Fee Summary *APY shown on platform UI includes all fees. The below fees are fees that include Feeder Finance fees and represent **all-in fees** to users.* | **Feeder Finance** | 0.0% - 0.1% | 5.0% | 0.1% - 0.2% | | -------------------- | :---------: | :-----: | :---------: | | **ACryptoS** | 0.1% | 15.3% | 0.2% | | **AutoFarm Network** | <0.2% | 8.4% | 0.1% | | **Beefy Finance** | 0.1% | 4.5% | 0.1% | | **Pancake Bunny** | 0.1% | \~30.0% | 0.6% | | **Rabbit Finance** | 0.1% | 5.0% | 0.1% | {% hint style="info" %} Please note that Profit Share is a fee on APY, in other words, rewards/returns that are being generated. This means if $100 was deposited, $10 was earned, a 10% profit share would leave the investor with a $109 balance ($10 \* 10% = $1 in fees) instead of $110. {% endhint %} # Roadmap {% hint style="danger" %} Feeder Finance Roadmap is updated monthly to align with development, industry, and market conditions {% endhint %} ## [Launching Revolutionary Vault Lending & Chain Expansions — A Feeder Finance Roadmap](https://medium.com/feeder-finance/launching-revolutionary-vault-lending-chain-expansions-a-feeder-finance-roadmap-dfb39a9e72a3) ### **2021** #### **April - May** * **Project Launched** * DApp * Farming & Staking Pool * AutoStaking *Development* #### **June** * AutoStaking Smart Contracts Completed * Auto Diversify Smart Contracts Completed * **Audited by Certik** #### **July** * **Feeder Finance DApp 1.0** * **Audited by Peckshield** * Launched AutoStaking #### **August** * DApp 2.0 *Development* * Offer 30 Product Selections #### **September** * **Feeder Finance DApp 2.0** * Launch Wallet Management * Launch DEX Aggregator * Launch AutoConverter * Launch AutoFarming #### **October** * **Developed First Cross-Chain Integration** * 100 Product Selections #### **November - December** * **Multi-Chain:** [**Fantom**](https://fantom.foundation/) * 'Innovation' products selections * Social DeFi with Product Reviews and User-Generated Scoring * +200 Product Selections ### **2022** #### **January - February** * **Launched new staking page with sFEED feature unlocks** * **Launched on Avalanche (AVAX)** * P2P Lending audited by Peckshield * Portfolio Upgrade: Historical Balance of Investments * Integrated Chainlink Keepers for Automation of Fee Distribution #### March * **P2P Lending Early Access Release** * **Added AVAX, Ethereum, Arbitrum, HECO, Polygon to Wallet Tracking Support** * Launched Charting Tool Powered by [DexScreener](https://dexscreener.com/) * Launched On-Site On-Ramp Powered by [Ramp](https://ramp.network/) #### April - June * **Feeder Loan Shop** * **GameFi & Art NFT Lending** * **NFT and Loan Marketplace** * Lending Market Data * **Five Additional Chains** & 500 Product Selections * **Feeder Finance Labs** * DeFi Short Selling * Decentralized OTC * Portfolio Performance Tracking * Product/Market Notifications * **Bridge Aggregator** * **New Exchange v2** * **New Converter v2** **Beyond June** * Decentralized Lending Exchange * 3 Additional Chains & 700 Product Selections * DeFi Index & ETF Options * Social Contents * Social Leadership Stats # Team ### **Founders of Feeder.finance** The team at Feeder has chosen to remain anonymous for a variety of security and regulatory reasons. However, we are KYCed by multiple identities (scroll down for more info). As a brief, Feeder was founded by three individuals; Jimmy, Patrick, and Paula. [**@FeederFinance\_Jimmy**](https://t.me/FeederFinance_Jimmy) - Development Lead - Co-founded a **f**ull-stack software solution firm - Focuses on the development of the technology and platform [**@FeederFinance\_Patrick**](https://t.me/FeederFinance_Patrick) **-** Finance & Communications Lead - Backgrounds in Venture and Growth stage Investment Banking and Institutional Sales and Trading - Focuses on the financial product design, content creation, and communications [**@FeederFinance\_Paula**](https://t.me/FeederFinance_Paula) **-** Marketing Lead - Co-founded a digital marketing agency - Focuses on media, marketing, and partnerships Through shared interests in cryptocurrency and investments, the team collaborated on Feeder, a project they felt was necessary and lacking in the space. The team's choice to build a "financial product" for "the public" means there is an extreme risk of legal issues where the team to identify themselves. The speed at which development and progress are being made would be marred by red tape and bureaucracy should the team publicly identify themselves. The team has been KYC'd by partners and will continue to build a strong resume of KYCs and partners as the project progresses. ### **KYCs**: * [@FeederFinance\_Patrick](https://t.me/FeederFinance_Patrick) has gone on a **video call with Razor**, who took some time to KYC us \[]; has confirmed through his Twitter-feed that we are legitimate as a team and our intentions are pure. * We have been KYCed by two auditors, [Certik](https://www.certik.org/) and [PeckShield](https://peckshield.com/en). [Click here](/security-and-contracts/audits) to learn more about the audits we have completed. * For the listing on [XT.com](https://www.xt.com/tradePro/feed_usdt), the founders needed to do a **KYC to set up the listing account**. * As part of the [Binance Incubator Program](https://www.binance.com/en/support/announcement/81d2c40c67234d77a3f0f23fa0638031) application, Binance has KYCed us. * [CoinTelegraph ](https://cointelegraph.com/)for our Sponsored Article * [Chainlink ](https://chain.link/)for our integration * [AcryptoS](https://app.acryptos.com/) for our partnership launch We will make ourselves as easily accessible as possible through Telegram and Telegram channels to engage with the community and encourage community participation. It's much more fun and exciting when we, as a community, can generate ideas, solve problems, and together, create what we see as our product, used and made by the Feeder Finance community. ### **Founding Team Contacts:** * [**@FeederFinance\_Jimmy**](https://t.me/FeederFinance_Jimmy) * [**@FeederFinance\_Patrick**](https://t.me/FeederFinance_Patrick) * [**@FeederFinance\_Paula**](https://t.me/FeederFinance_Paula) ### **Our Growing Team of Talents!** * [**@rafael\_eth**](https://t.me/rafael_eth) - Official Community Manager - *Manages front-line communications and investor relations* * [**@FeederFinance\_DJ**](https://t.me/FeederFinance_DJ) - Social Engagement and Community Manager - *Supports engagement efforts on social media, community, and investor* # Community Website: \ Community Telegram: \ Telegram Price Talks: \ Official News: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/UbJPaytXjv)\ Twitter: \ Medium: Youtube: **Global Communities** * **Turkish**: * **Thai**: * **Vietnam**: * **Brazil/Portugal**: * **China**: * **Spanish:** # Media Coverage Oct 12, 2021 - BSC Times: Oct 11, 2021 - BSC News: Oct 9, 2021 - BSC Daily: Oct 18, 2021 - CoinTelegraph: Dec 10, 2021 - BlockStoxx: Jan 20, 2022 - Chainlink: # Brand Assets Please refer to our "Marketing Strategy and Plan" here: **Media Files** * [Feeder Finance Logo](https://drive.google.com/drive/folders/1ClNC4oCdCaCUXTU4MOsXVXv-E8i5aAgN?usp=sharing) * [Banner Templates](https://drive.google.com/drive/folders/161EtuBJ3jvrGSCDO-qYdoNzBKhIZg0nc?usp=sharing) **Banners** {% file src="/files/qTrnkTEiFI9sVTltIBkM" %} **Banners by Community** {% file src="/files/j8uuR4kjtPGpLHIOdOHU" %} **Banner by William Mortell** {% endfile %} # Products & Services Feeder Finance provides a wide array of products & services. Learn more them in this section! *Lend & borrow any token and NFT! Yield farm your collateral while borrowing:* {% content-ref url="/pages/j6TAQIftwt9iqYzpkRJx" %} [Peer-to-Peer Lending](/products-and-services/peer-to-peer-lending) {% endcontent-ref %} *Enjoy convenient auto-compounding and performance tracking with our Yield Optimizers:* {% content-ref url="/pages/VPbkU19BRW1UYczNDt3C" %} [Yield Optimizer](/products-and-services/yield-optimizer) {% endcontent-ref %} *Utilize a DEX Aggregtor, AutoConverter (aka Zap-Tool), and Fiat-to-Crypto On-Ramp directly on Feeder Finance:* {% content-ref url="/pages/aPNlLUPL0uodfV9ABDI1" %} [DeFi Tools](/products-and-services/defi-tools) {% endcontent-ref %} *Products which can only be used with the FEED token:* {% content-ref url="/pages/eCsCdGKV3FBKsnXoRo7v" %} [FEED Products](/products-and-services/feed-products) {% endcontent-ref %} # Peer-to-Peer Lending ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FX66Swi9gutCjPuvG5iGm%2FFeeder-Finance-Lending%20Cover.png?alt=media\&token=60395d90-11f6-44f8-b760-8f2d73b26a78) Feeder Finance’s Peer-to-Peer (“P2P”) Lending protocol will be among the first to offer complete flexibility to lend and borrow **any token and NFT!** We’ll walk you through all of the use-cases and identify the launch feature; it’ll be unique from the start that much we can tell you! *Let’s dive in!* {% content-ref url="/pages/vtQqao5NXev0HlIrTYGB" %} [The Basics](/products-and-services/peer-to-peer-lending/the-basics) {% endcontent-ref %} # The Basics ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F8v9gqRgREUJlzt6WocGd%2FFeeder%20Finance%20Lending%20-%20Basics.jpg?alt=media\&token=07c4d97e-731b-4cb3-9982-a17d7304887c) At the core, P2P lending allows borrowers and lenders to strike a deal based on agreed-upon terms. * What is the collateral? * What is getting borrowed? * How long will the loan last? * What are the interests on the loan? By striking deals between two parties, **no liquidation** event will happen until the term ends. It’s a simple check; have funds been returned? * **Yes**. The borrower walks away with his collateral and the lender with his funds and interests. * **No**. The lender walks away with the collateral and can liquidate it to recover his funds. The killer feature of Feeder Finance’s P2P lending is not simply the P2P functionality but **the ability to allow the collateral to keep yield farming while it is getting used to back a loan; using** traditional vault receipt tokens (“RTs”). Feeder Finance’s vault contract will turn tokens in DeFi (single and LPs) into yielding RTs, where underlying assets sit inside auto-compounding vaults while representing RTs, are able to be collateralized for loans. Virtually unlocking liquidity while token holders are maximizing returns. Feeder Finance users can simply filter for products that support the RT structure, deposit, and take their RTs over to the lending protocol and start borrowing. *Now that we understand the basics of Feeder Finance P2P Lending, let's look at what's planned ahead when it's completely built out!* # The Expansion ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F1wIKRrh7IpzHGqzj9oeZ%2FFeeder%20Lending%20Expansion%20Roadmap.jpg?alt=media\&token=9f71b04c-363a-4409-ba8f-9aecbb6026ca) Throughout our updates and releases, Feeder Finance P2P Lending will grow its use cases from simple token collateral/lending to NFT lending and finally Decentralized Lending Exchange (“DLEX”). **Here is the flow of improvements:** Q1-2022 * Launch P2P Lending with Lender and Borrow Offers and Bids Q2-2022 * Marketplace created for the trading of loans; through its embedded NFT technology * Adding support for lending and borrowing of NFTs Q3-2022 * Adding DLEX functionality, which in simple terms are a pooled P2P lending structure allowing exchanging of tokens between lenders and borrowers using fixed terms set by lenders. This would essentially allow lenders to “be their own bank/pawnshop”. **How do any of these products/features improve DeFi?** ![Feeder Finance P2P Basic Flow](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fz38UQ274PRCFqujp81t9%2FFeeder%20Finance%20P2P%20Lending%20Basics.jpg?alt=media\&token=83107a0e-07ab-4432-984c-fa3f96d9378f) * **Basic P2P Lending:** Allows any token to be lent or borrowed, creating liquidity for investors that otherwise would not be possible. * **Better Economics with Receipt Tokens:** As the collateral grows in value/quantity, borrowers are able to reduce their borrowing cost; in some cases even eliminate it. In turn, lenders are also able to demand higher rates. A win-win scenario for both parties. * **Insuring Yield Farming:** As investors yield-farm with vaults, they could see those assets as risky, be it from price fluctuations or exploits, and seek insurance options. Taking out a loan effectively offers partial insurance coverage of those assets. * **The Loan Marketplace:** P2P lending has one pain point, it locks up capital for the lender. The launch of the marketplace not only gives the lender liquidity but also allows for long-term loans to be created as lenders would be more willing to lend if they are able to exit prematurely. * **DLEX:** Creating loans on an individual basis allows for opportunistic lenders or borrowers to strike advantageous deals. Nonetheless, lenders wanting to scale their lending business could opt for a pooled option where terms are set and funded in advance, letting borrowers come in with assets that meet the terms and automate the lending process. ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FREesvt6YVg9PS7ireupQ%2FDLEX.jpg?alt=media\&token=7c99c1cf-a495-4e08-bd3d-8a77af5787fe) # How it Works There are a couple of ways you can start your Feeder Finance P2P Lending journey, let's start with walking through the lending process {% tabs %} {% tab title="Start Here" %} #### Head over to the 'Lending' menu on the header ![Feeder Finance Homepage](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FKJuID9TwZ62ZRlMKXzmC%2F1.jpg?alt=media\&token=62c227b0-d646-4ecc-ac94-c79ee55357ad) {% endtab %} {% tab title="Lending DApp" %} #### You'll arrive at the main Lending page where you'll find the following things: ![Feeder Finance Lending Protocol](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F6uLRZmCHYWGMKqn71XHh%2F2.jpg?alt=media\&token=d83c0d91-731b-4531-81d2-4c3c4599a091) 1. **Borrow/Lend Switch** - Switch between creating an offer to "Borrow" or to "Lend"; essentially asking what are you looking to do, borrow or lend 2. **Filter/Sort** - Filter between networks, collateral, preferred assets to borrow/lend, loan status, and sort. 3. **Create Offer** - Whether you are on the Borrow or Lend section, Create Offer allows you to create an offer to either borrow or lend; we'll get to this. 4. **Deal List** - Select from a list of deals or look through matched deals for reference 5. **Stats** - Creating Offers or even bidding for deals requires some thinking about what is fair; a reference to that could be to look at what others have done. Now that you know your way around, you have a couple decision to make: 1. Are you a deal *Maker* or *Taker* and the difference is a decision whether you'll 'Create Offer' for others to bid on, or bid on others' deals. 1. Maker: Create an **Offer** 2. Taker: Create a **Bid** 2. Are you planning to Borrow or Lend? 1. Borrow: **Create 'Borrow' Offer** or head to 'Lend' and **Bid on 'Lend' Offer** 2. Lend: **Create a 'Lend' Offer** or head to 'Borrow' and **Bid on 'Borrow' Offer** **The next two tabs outline how to 'Create Offer' or 'Create Bid'** {% endtab %} {% tab title="Create Offers" %} #### Recall that there are two types of Offers: 1) Offer to 'Borrow' and 2) Offer to 'Lend'. To recap: An **Offer to 'Borrow'** is for users who want to collateralize their token and take out a loan ie.: want to borrow some liquidity. An **Offer to 'Lend'** is for users who want to lend out liquidity secured by borrowers that collateralize tokens for security. Now let's look at the process of each one: ### Borrow Offer 1\. Click 'Create Offer' ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FTDjZQQTnssVWRm7EXDE6%2F3.jpg?alt=media\&token=ffb48208-addf-4f00-aeda-c730dff85efe) 2\. Select the Token You Want to Collateralize ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FXiQltWboHwEh9ZSS94A3%2F4.jpg?alt=media\&token=d59fc6a6-80cf-461a-bd62-07532f233fc4) 3\. Input Collateral Amount ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FpuVERMdrAvE2atSSLkKS%2F5.jpg?alt=media\&token=05055a5f-aa5c-4683-a350-d9da29ce0afc) {% hint style="info" %} This is the amount of token you want to collateralize against the loan you wish to take out {% endhint %} 4\. Input Offer Title and Offer Description (Optional) ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F16iK1DBg0Xnki9FOZePg%2F6.jpg?alt=media\&token=40675e72-13e1-47b9-b329-bdd14ce0b44d) {% hint style="info" %} This helps you indicate your preference or risk tolerance. A title like "FTM-GEIST for any Stablecoin" tells lenders you're hoping to borrow stablecoins with FTM-GEIST as Collateral. A description such as "Willing to go up to 35% LTV if the lending duration is beyond 30 days" would indicate you may be open to flexing the LTV from perhaps a preferred of 50% to 35% if the lender was open to longer-duration loans. {% endhint %} 5\. Input 'Preferred' Terms of the Loan ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Ff2wo0bTSHmOx2mWPvHyV%2F7.jpg?alt=media\&token=618ad496-f115-4eb1-a793-f22a00ec0527) {% hint style="info" %} Three terms are set for each loan 1\) **APR**: The interest you prefer to pay as a borrower (annualized). For instance, a loan of $100 paying 52% APR would cost the borrower $1 per week in interest; calculation: 52%/52 weeks = 1%/week, 1% of $100 = $1. 2\) **LTV**: Loan-to-Value, which indicates how much in collateral value you are willing to put up against the value of the loan. The lower the LTV, the more collateral you have to put in. For instance, 50% LTV means you put up $100 for a $50 loan. 3\) **Duration**: The unit of input is days but could be fractional. A 0.5 -day loan is a loan for 12 hours for instance. There are no limitations short/long but the borrower needs to repay **before** the term ends or collaterals could be liquidated by the lender. {% endhint %} {% hint style="warning" %} Refer to our 'Lending Terms Consideration' link below for more. {% endhint %} {% content-ref url="/pages/o0Io7iUm8XNVvrzUToq5" %} [Lending Terms Considerations](/products-and-services/peer-to-peer-lending/lending-terms-considerations) {% endcontent-ref %} 6\. Review the Offer Summary \[Pending] ### Lend Offer 1\. Click 'Create Offer' ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FqAs671xhDgrDEnUXznjT%2F8.jpg?alt=media\&token=f7978d90-a182-49e5-9de1-26c0783020c0) 2\. Select the Token You Want to Lend ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FLkNXmIInzvLxYkcBFGB4%2F9.jpg?alt=media\&token=dd133831-ede6-434a-b328-42e221bc94c6) 3\. Input Amount You Wish to Lend ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FQ3cp9VSO7qKIJTSsu0v8%2F10.jpg?alt=media\&token=7ac264e8-e1cb-44e8-bfc6-0be32dafc84a) 4\. Input Offer Title and Offer Description (Optional) ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FvCQrfvCMXBvkQ2u2JPsb%2F11.jpg?alt=media\&token=9d267194-3fea-41ed-ba77-76ee51d898e7) {% hint style="info" %} This helps you indicate your preference or risk tolerance. A title like "USDC for Mid-Cap LPs" tells borrowers you're willing to accept mid-cap project's LP tokens in exchange for lending USDC. A description such as "Willing to do higher on LTV of up to 55% for shorter-term loans" would indicate you may be open to flexing the LTV from perhaps a preferred of 40% to 55% if the borrower was open to shorter-duration loans. {% endhint %} 5\. Input 'Preferred' Terms of the Loan ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FOLyEqBlND5BZmKLCIilx%2F12.jpg?alt=media\&token=e13fada9-0303-4e4b-8e0c-862eb7e7a7a8) {% hint style="info" %} Three terms are set for each loan 1\) **APR**: The interest you prefer to receive as a lender (annualized). For instance, a loan of $100 paying 52% APR would pay the lender $1 per week in interest; calculation: 52%/52 weeks = 1%/week, 1% of $100 = $1. 2\) **LTV**: Loan-to-Value, which indicates how much in collateral value you are willing to accept against the value of your loan. The lower the LTV, the more collateral the borrower has to put in. For instance, 50% LTV means she puts up $100 for a $50 loan. 3\) **Duration**: The unit of input is days but could be fractional. A 0.5 -day loan is a loan for 12 hours for instance. There are no limitations short/long but the borrower needs to repay **before** the term ends or collaterals could be liquidated by the lender. {% endhint %} {% hint style="info" %} Refer to our 'Lending Terms Consideration' link below for mo {% endhint %} {% content-ref url="/pages/o0Io7iUm8XNVvrzUToq5" %} [Lending Terms Considerations](/products-and-services/peer-to-peer-lending/lending-terms-considerations) {% endcontent-ref %} 6\. Review the Order Summary ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fjah6zHn81XjVEe5H1MDB%2F13.jpg?alt=media\&token=b0271b8a-89b6-4917-b0c8-0edbb089802a) {% hint style="info" %} Review the terms to make sure they are consistent with your expectations; see the following example: 1. Loan Offer: You are 100 USDC worth approx. $100 2. Bid Collateral Value: You expect 50% LTV from the borrower, so $200 worth of collaterals 3. Est. Interest: The estimated amount of interest you'll earn based on your preferred terms; approx. $0.7671 4. Loan Duration: The length of the loan you preferred; 7 days {% endhint %} {% endtab %} {% tab title="Create Bids" %} #### Recall that there are two types of Offers: 1) Offer to 'Borrow' and 2) Offer to 'Lend'. To recap: An **Offer to 'Borrow'** is for users who want to collateralize their token and take out a loan ie.: want to borrow some liquidity. An **Offer to 'Lend'** is for users who want to lend out liquidity secured by borrowers that collateralize tokens for security. By creating bids, you are bidding on these offers by telling the borrower or lender what your terms are for either lending your funds or borrowing funds from them. Now let's look at the process of each one: ### Borrow Bids 1\. Select the Offer You Want to Bid On ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FP1U7qw3RJJ9M9EENuOdV%2F14.jpg?alt=media\&token=640b2978-ed75-45da-9995-be14b20be30e) {% hint style="info" %} You will find that the preferred terms figures are a useful indication of whether or not you are going to get a deal done. If you think you can come close or even match the preferred terms, your bid is likely to be accepted. {% endhint %} 2\. Review The Offer Preferred Terms & Click 'Create Bid' ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FiF8Sv7ml6U1nsNEfv4Kz%2F15.jpg?alt=media\&token=78275ca9-069a-4132-bae0-fb9424d39a84) {% hint style="info" %} On the top right of the offer page, you'll see all terms that the Borrower is looking for. Specifically: She's looking to pay around 35% APR for a 7 days loan and is willing to offer 50% LTV or 2x in collateral versus the loan amount. You don't have to match it, but it is likely that you'll need to come close. Once you're ready, click 'Create Bid' {% endhint %} 3\. Select The Asset You Want to Lend ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FKVh81nhJZ6rLbsDcnhQl%2F16.jpg?alt=media\&token=c66a3f52-64c5-41d3-9f3a-49dcdfac024d) 4\. Input the Amount You Want to Lend ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FO33CzL0ti4erXMP0xmza%2F17.jpg?alt=media\&token=e74b7c0c-70fc-4319-87a6-56c7dc0292c2) {% hint style="info" %} This is the amount of selected token you wish to lend to the borrower {% endhint %} 5\. Input the Term of the Loan ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F26Zg5Z5Ddy3DKoRPdISG%2F18.jpg?alt=media\&token=e6bfb162-19bf-46df-b400-1708da76b041) {% hint style="info" %} Two terms need to be set by the bidder 1\) **APR**: The interest you want to receive as a lender (annualized). For instance, a loan of $100 receiving 52% APR would yield $1 per week in interest to the lender; calculation: 52%/52 weeks = 1%/week, 1% of $100 = $1. 2\) **Duration**: The unit of input is days but could be fractional. A 0.5 -day loan is a loan for 12 hours for instance. There are no limitations short/long but the borrower needs to repay **before** the term ends or collaterals could be liquidated by the lender. {% endhint %} {% hint style="warning" %} Refer to our 'Lending Terms Consideration' link below for more. {% endhint %} {% content-ref url="/pages/o0Io7iUm8XNVvrzUToq5" %} [Lending Terms Considerations](/products-and-services/peer-to-peer-lending/lending-terms-considerations) {% endcontent-ref %} 6\. Select Whether to Use Pro-Rata Interests or Allow Liquidator {% hint style="info" %} **Pro-Rata Interests:** When turned on, interest due is proportionate to the duration of the loan at repayment. When turned off, the interest is fixed by the loan duration regardless of the repayment timing. **Allow Liquidator:** When turned on, you allow Liquidators to come and settle the loan for you when it is due. The liquidator provides you with your principal plus interest, doing so, the Liquidator collects the borrower's collateral. {% endhint %} 7\. Review the Bid Summary ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FPDTkkU1NimEr4uaRTpaj%2F19.jpg?alt=media\&token=02732be1-fbb2-4b27-b0ea-0815d1657b4d) {% hint style="info" %} The summary provides an overview of your bid and the borrower's preferred terms. This will help you adjust or make decisions about your bid to the borrower. {% endhint %} ### ### Lend Bids 1\. Select the Offer You Want to Bid On ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F1BZcNpHFj6NJhFlqoPMK%2F20.jpg?alt=media\&token=b8509aca-9870-4d83-b37b-fd7eb8c2dfe0) {% hint style="warning" %} You will find that the preferred terms figures are a useful indication of whether or not you are going to get a deal done. If you think you can come close or even match the preferred terms, your bid is likely to be accepted. {% endhint %} 2\. Review The Offer Preferred Terms & Click 'Create Bid' ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FXju4pjqJxqJ49J36Vkru%2F21.jpg?alt=media\&token=f6cf0a78-f053-47d1-a813-5a9f326cce1d) {% hint style="info" %} On the top right of the offer page, you'll see all terms that the Lender is looking for. Specifically: She's looking to lend at around 30% APR for 5 days and is willing to accept 50% LTV or 2x in collateral versus the loan amount. You don't have to match it, but it is likely that you'll need to come. Once you're ready, click 'Create Bid' {% endhint %} 3\. Select The Asset You Want to Collateralize for the Loan ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F2EaoqL8KnOjTMNRA09Qk%2F22.jpg?alt=media\&token=4edc52e4-194d-4f94-94ac-317130dee970) 4\. Input the Amount You Want to Collateralize ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FSfuiCpcLGpxkrhH9zK5O%2F23.jpg?alt=media\&token=74c5e14a-0017-4b7f-9561-b4e1937f287b) 5\. Input the Term of the Loan ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FChfzX1nj0x2tpzh2Knuh%2F24.jpg?alt=media\&token=8f1affee-03d5-4078-afc2-9348102fcdf6) {% hint style="info" %} Two terms need to be set by the bidder 1\) **APR**: The interest you want to pay to the lender (annualized). For instance, a loan of $100 at 52% APR would cost $1 per week in interest to the borrower; calculation: 52%/52 weeks = 1%/week, 1% of $100 = $1. 2\) **Duration**: The unit of input is days but could be fractional. A 0.5 -day loan is a loan for 12 hours for instance. There are no limitations short/long but the borrower needs to repay **before** the term ends or collaterals could be liquidated by the lender. {% endhint %} {% hint style="warning" %} Refer to our 'Lending Terms Consideration' link below for more. {% endhint %} {% content-ref url="/pages/o0Io7iUm8XNVvrzUToq5" %} [Lending Terms Considerations](/products-and-services/peer-to-peer-lending/lending-terms-considerations) {% endcontent-ref %} 6\. Select Whether to Use Pro-Rata Interests or Allow Liquidator {% hint style="info" %} **Pro-Rata Interests:** When turned on, interest due is proportionate to the duration of the loan at repayment. When turned off, the interest is fixed by the loan duration regardless of the repayment timing. **Allow Liquidator:** When turned on, you allow Liquidators to come and settle the loan for you when it is due. The liquidator provides you with your principal plus interest, doing so, the Liquidator collects the borrower's collateral. {% endhint %} 7\. Review the Bid Summary ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FTq1QjWkBPHi2fZ1IbaoR%2F25.jpg?alt=media\&token=2ecca381-9936-4366-953a-32e74b7524e8) {% hint style="info" %} The summary provides an overview of your bid and the lender's preferred terms. This will help you adjust or make decisions about your bid to the {% endhint %} {% endtab %} {% endtabs %} ### Fees The fee structure of Feeder Finance is very simple: * **Borrowers** do not pay any fees * **Lenders** pay a 0.3% fee off the interest # Lending Terms Considerations When making decisions about the loan terms, lenders and borrowers will look at this from two different perspectives. We'll try to outline the risk and rewards are for each participant in simple terms. They are not financial advice, nor will they cover everything and all possibilities. It merely serves as a guide for decision-making, but in the end, users should DYOR and manage their risks when dealing with any DeFi products and services. ## Lender #### (+) Lending Returns The flexible lending mechanisms of Feeder's P2P lending enable a diverse set of collateral assets. Some of these assets will be yielding receipt tokens such as synthetic vaulted assets or staked assets. The tolerance of the borrower for higher rates of borrowing will exist, thus offering lenders far greater returns, especially when compared to typical lending pool alternatives. #### (+) Liquidation Returns While lending pools offer liquidators the benefit of liquidation both from collecting collaterals and liquidation fees, Feeder's P2P lending allows the lender to collect on the collateral asset themselves if they choose to. In a favorable scenario, the borrower has left behind collaterals that exceed the loan value, and the lender makes a profit. #### (+) Optionality Not only does the diverse set of collaterals create an opportunity for greater returns as lenders move up the risk curve of collateral assets, but it also offers tremendous optionality. A savvy lender could create a portfolio of diversified loans across a spectrum of risk curves, From lending with the safest collaterals of top tier projects or enhancing lending portfolio returns with a small or medium allocation to high-risk small-cap projects. #### (-) Price Risk The lender needs to be fully aware of the price risk of the collaterals when considering accepting bids or bidding on loans. A more volatile token has a higher risk of its value falling below the level at which it would cover the value of the capital lent to the borrower. Collaterals value dropping below the loan value would likely lead to borrowers not returning funds and purposely entering liquidation. Therefore, the *higher* the token's (or the market's) volatility, the *lower* the Loan-to-Value and the *higher* the APR. **Volatility UP --> LTV DOWN = MORE Collaterals** **Volatility UP --> APR UP = More Interests** #### (-) Liquidity Risk On the other hand, duration also plays a role in managing risk, mainly because the loan can't be terminated unless the borrower returns funds. Therefore, the *higher* the token's (or the market's) volatility, the *shorter the* loan duration and the *higher* the APR. **Volatility UP --> Duration DOWN = SHORTER Term** **Volatility UP --> APR UP = MORE Interests** #### (-) Yielding RT Risk While the scenario is rare, it is not impossible in DeFi for protocols to be exploited. Lenders need to be aware and understand the risk of borrowers collateralizing yielding receipt tokens where the underlying token is being yield-optimized or staked inside a separate smart contract. The borrower will unlikely return funds if those assets are exploited and cease to have value. Therefore, the *higher* the exploit risk, the *lower* the LTV and the *higher* the APR. **Exploit Risk UP --> LTV DOWN = More Collaterals** **Exploit Risk UP --> APR UP = MORE Interest** ## Borrower #### (+) Liquidity Feeder's P2P lending is highly complementary to borrowers. While lenders do not have liquidity, the borrowers do. Funds can be returned, but also not necessarily. While defaults and liquidations will be recorded on-chain and could result in a particular wallet finding it harder to borrow funds in the future, it is still part of the intended mechanism. #### (+) Effective Insurance As yielding assets can be used as collateral, loans taken out using these assets constitute effective insurance on the asset. Take a rare scenario where a vaulted asset was exploited. A borrower taking a 50% LTV loan would keep the borrowed asset and take a 50% hit rather than being completely wiped out, transferring the risk to the lender in the process. #### (-) Borrowing Costs Depending on the collateral, the lender is likely to demand interests, LTV, and duration commensurate to the risk of those assets. The asset has embedded exploit risk, especially when the underlying asset is being yield-optimized in a vault or staked in a staking pool. At top-tier projects, the risk is low, but at non-top-tier projects, that risk may be higher and require higher borrowing costs. # Token Listing & Verification Feeder Finance's P2P Lending is completely decentralized and new tokens (ERC-20) can be listed for both lending and collateralized. ### To list new tokens follow these steps: 1\. Select the network you wish to add the token to 2\. Select whether to add the new token to the 'Borrow' or 'Lend' contracts 3\. Select whether to add the new token as collateral or lending asset and click the grey + icon ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FgtYknWshjJLFpfpU775X%2F26.jpg?alt=media\&token=0c16fd1c-5e46-4d1e-9ca9-5c38377e55c7) 4\. Paste the contract address into the field ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fe0PP7rEUKqa0doz4rytB%2F27.jpg?alt=media\&token=17c7e7b5-4d28-425c-a720-5725bab9de3c) 4\. Click 'Make Payment' ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FnDSy3GpY1osjp8ttOfgR%2F28.jpg?alt=media\&token=4b25888d-0b1f-4b66-9b9b-24de814779a9) {% hint style="info" %} Listing fees are fixed at $300 6-hour TWAP value of native tokens (eg.: FTM, BNB, AVAX). Fees are collected and converted into FEED-*Native* LP as part of the Treasury-owned Liquidity pool {% endhint %} ### Verify New Token In order to ensure users are safe from scams and potential manipulation, Feeder Finance team will verify new listings submitted through the form below. To fill out the form and verify: [CLICK HERE](https://forms.gle/Mpn6ubXFTX62bpLQA) # Feature Expansions P2P Lending in its launch stage is straightforward, two people making individual loans with each other. However, the foundational smart contract allows for massive expansions, and this is what we're thinking and planning: * **Feeder Finance Loan Shop** - Enabling the functionality launch lending pools with pre-set terms as lenders. Borrowers can chip away at the pool's deposited funds by providing collaterals asked by the pool. Each new loan to the borrower is automatically generated as funds are borrowed; essentially automating the individual deal-making process into a structured loan shop. * **GameFi and Art NFT Lending** - The underlying contract does not only limit assets collateralized and lent be an ERC-20 token. It could be ERC-721 tokens and thus open up lending and borrowing of assets in the NFT structure. * **NFT and Loan Marketplace** - Embedded in every loan is an NFT that the lender receives as part of the claim to the loan. These are transferrable ERC-721 tokens that the lenders hold and need to claim returned assets or liquidate collaterals. Soon, Feeder Finance will launch the loan marketplace that allows for trading and exchanging of these NFTs and enables liquidity to lenders, and opens up more tolerance for longer-term loans to lenders. Many more features will come as the flexibility and decentralized nature of the protocol allows for much innovation to be built on top of it. # Yield Optimizer *Learn about our singe-sided token vaults:* {% content-ref url="/pages/-Mdld0OGNYaxIhCSZXB5" %} [AutoStaking](/products-and-services/yield-optimizer/autostaking) {% endcontent-ref %} *Learn about our LP token vaults:* {% content-ref url="/pages/-MdldMOKtevC67eVqzsz" %} [AutoFarming](/products-and-services/yield-optimizer/autofarming) {% endcontent-ref %} # AutoStaking ![Feeder Finance AutoStaking](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fc9h0XEpDZy0kBWUjzp9S%2Fimage.png?alt=media\&token=5c69df81-3f38-443a-8cf9-4f8e831c622b) #### AutoStaking is Feeder Finance's first vault product category. AutoStaking consists of yield optimizing products that allow users to deposit single tokens to earn high rewards at low risk. Deposit available options into the vault and start earning yields while holding the asset. Additionally, AutoStaking product page shows three key data to provide historical context of the asset: 1. % with AutoStaking - Returns additional to holding the asset without yield-optimizing at Feeder 2. % without AutoStaking - The gross returns of the asset 3. Price - Price of the token Data are collected and shown from the period of product inception. Click 'Next' to see our first AutoStaking product - [**Auto Diversify**](/products-and-services/yield-optimizer/autostaking/auto-diversify) # Auto Diversify #### "Auto Diversify" helps an investor automatically earn low-risk and high-return yields. How does it work? We have developed powerful formulas that efficiently invest across multiple DeFi platforms, auto-compound, and rebalance regularly. All an investor needs to do is pick a token and deposit. ### Overview | Structures | Single Asset |

Single Asset

(No Belt)

| Stablecoin | | :-----------------: | :-------------------------------------------------------------------------------------------------------------: | :---------------------------------------------------------------------------------------------------------------------------------------------------: | :---------------------------------------------------------------: | | **Deposit** | BNB, BTC, ETH | CAKE | USDT, BUSD, DAI, USDC | | **Target Vaults** | [AUTO](https://autofarm.network/), [ACS](https://www.acryptos.com/), [BUNNY](https://pancakebunny.finance/pool) | [AUTO](https://autofarm.network/), [ACS](https://www.acryptos.com/), [BUNNY](https://pancakebunny.finance/pool), [CAKE](https://pancakeswap.finance/) | [ACS](https://www.acryptos.com/), [DOP](https://dopple.finance/) | | **Target Strategy** |

Borrowing & Lending

Auto-compound

|

Staking

Auto-compound

|

Liquidity Providing & Farming

Auto-compound

| ### Auto Diversify Strategy Details **Auto Diversify** spreads deposits across multiple vaults, and directly into PancakeSwap and Dopple Finance as core platforms. **How it works:** * Set base allocation of each target vault relative to its TVL and total TVL * Equally redistribute excess allocation above 50% in a single vault to the remaining targets * *This makes sure we never allocate more than 50% to any vault* * Take 20%\* allocation from poor performers and distribute it to better performers; benchmark by APY relative to median * Rebalance if the current allocation is 5% more or less than the target allocation *\*Auto Diversify options with 2 targets are will just be a 50/50 split until more targets are added.* #### **How to deposit capital flows from Auto Diversify into the DeFi ecosystem:** {% tabs %} {% tab title="Stablecoins" %} ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MeBCQTfurdjDh81zaQj%2F-MeBQAmJun8V1yDadi10%2FAutoStaking%20Stablecoins.png?alt=media\&token=e53fb291-d671-4709-b44f-faa54d02555e) {% endtab %} {% tab title="BNB/BTC/ETH" %} ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MeBCQTfurdjDh81zaQj%2F-MeBQI0tT9B9MFauODIw%2FAutoStaking%20BNB-BTC-ETH.png?alt=media\&token=af81627b-c250-4ccd-a73f-177cfa8641e2) {% endtab %} {% tab title="CAKE" %} ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MeBCQTfurdjDh81zaQj%2F-MeBQSJgzRtzF_yWmRi3%2FAutoStaking%20CAKE.png?alt=media\&token=d33ae403-8c86-47cf-b6c2-da5af816a482) {% endtab %} {% endtabs %} ### **Diversification Benefits and Risks** While deposits are diversified, it does not eliminate risks completely. This is because no investment, whether in DeFi or the physical world, is truly *risk-free*. **Users of Auto Diversify benefit from mitigation of risks by spreading investments into multiple targets** (ie.: target vaults and target cores). A single exploit has the possibility of happening to any single target, but unlikely to happen to all at once. Yields generated on DeFi, as is hypothesized by the [Efficient Market Hypothesis](https://en.wikipedia.org/wiki/Efficient-market_hypothesis), has priced in a certain level of price volatility, exploit possibility, and all other factors that drive risk and return structures - not perfectly but generally. That is why yields are as high as they are, relative to other asset classes; think your stock portfolio. Investors face a tremendous risk of complete loss of capital when investments are located in a single location. Spreading investments out across multiple locations, in other words, target vaults or target cores, mitigate this risk. However, it should be noted that while the product diversifies across multiple target products, it does not necessarily diversify across wide-ranging platforms at the launch stage. Due to the limited availability of target products and development time, various deposit options are platform concentrated -- for instance, the stablecoin structure. Most single asset vaults end up with capital deposited within a few core products, such as Venus, Belt, and PancakeSwap; therefore, this is the nature of the ecosystem at this stage. Exploits typically happen at the smart contract level. Therefore, diversification at the target vault or core product level is a big step toward to reducing risks. **As the ecosystem develops, Auto Diversify's degree of diversification will improve with the addition of new target vaults.** # Auto-Compounding Previously known as "Compound" ![AutoStaking: Compound Strategy](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MgKidtZKnjW9XgL1_Wg%2F-MgL54HOZesXVlCtukjF%2FAutoStaking%20Stablecoins%20%E2%80%93%20Final.png?alt=media\&token=9fc3e768-21ac-4043-93c3-8517a7ba2615) **Auto-compounding strategies help an investor automatically earn optimized yields through a target platform strategy.** How does it work? The users' funds are first deposited into a target vault or staking pool. The target platform utilizes yield-optimizing strategies to enhance returns which increases the value of deposits. They also reward depositors with native tokens, which Feeder Finance then auto-compounds again for additional returns. ### **Strategy Benefits and Risks** No investment, whether in DeFi or the physical world, is truly *risk-free*. Users of **Compound** benefit from convenience and automation by removing the manual aspect of compounding rewards thanks to target platform auto-compounding. Staking pools and/or vaults typically mint rewards to attract TVL to their platform. However, most do not automatically compound their rewards because they encourage users to keep them and become long-term holders. Feeder Finance appreciates that, and users who wish to be long-term holders should not auto-compound. Others that look for higher APYs, however, would benefit greatly from compounding. APYs coming from platform rewards harvesting typically experience wild swings due to their direct linkage with the price of reward tokens. In other words, as target platform tokens rise, so does APY, and vice versa. # AutoFarming AutoFarming aims to combine the entire process, from swapping, providing liquidity, and yield-optimizing into a single platform. ***Providing Liquidity*** With the introduction of the [**AutoConverter**](/products-and-services/defi-tools/autoconverter) on every AutoFarming product page, users can provide liquidity using single tokens in one click. This bypasses users having to manually go to needed LP providers to swap and deposit tokens to receive LP tokens and then coming back for yield optimizing. Simply click “Open Converter” and the user interface is clear and intuitive. ![Feeder Finance AutoFarming](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FWR8F3iIhirhQ387B9EUu%2FFeeder%20Finance%20AutoFarming.PNG?alt=media\&token=c5e184d1-6e7c-479d-816d-2d7de0871405) ***Farming with AutoFarming*** Once single asset tokens are converted to LP tokens, users simply deposit them for maximum yields. Earning yields from trading fees received by providing liquidity and rewards that auto-compound into more LP tokens over time. Once deposited, head over to the 'Portfolio' page to see current investments and to withdraw. **Remember to Redeem LP tokens back into single tokens after withdrawing from vaults.** Additionally, AutoFarming product page shows three key data to provide historical context of the asset: 1. % with AutoFarming - Returns additional to holding the asset without yield-optimizing at Feeder 2. % without AutoFarming - The gross returns of the asset 3. Price - Price of the LP token Data are collected and shown from the period of product inception. ### **Strategy Explained** **"AutoFarming" helps an investor automatically earn optimized yields through a target platform strategy or directly into endpoints.** How does it work? The users' funds (LP tokens) deposited are taken over to yield optimizers or farms at endpoints. Rewards from deposits, typically in native tokens, are harvested at least once per day, sold, and auto-compounded into more of the same LP tokens to grow users' balances. ### **Strategy Benefits and Risks** No investment, whether in DeFi or the physical world, is truly *risk-free*. Users of **AutoFarming** benefit from convenience and automation by removing the manual aspect of compounding rewards thanks to target platform auto-compounding. Staking pools and/or vaults typically mint rewards to attract TVL to their platform. However, most do not automatically compound their rewards because they encourage users to keep them and become long-term holders. Feeder Finance appreciates that, and users who wish to be long-term holders should not auto-compound. Others that look for higher APYs, however, would benefit significantly from compounding. APYs from platform rewards harvesting typically experience wild swings due to their direct linkage with the price of reward tokens. In other words, as target platform tokens rise, so does APY, and vice versa. The additional risk factor specific to investments in AutoFarming is the nature of how LP tokens work. They are essentially fixed-weighted funds of equal proportion. As one token grows in value, it gets sold to buy the other. Both sides have to balance at all times. The difference between holding both, or one of the two tokens, in isolation versus holding them as LP tokens are what's known as impermanent loss. Learn more about impermanent loss [here](https://www.youtube.com/watch?v=8XJ1MSTEuU0). # DeFi Tools # DEX Aggregator Feeder offers an ‘Exchange’ feature and ‘Wallet’ feature on the sidebar to the right, which shows users the tokens they have in their wallets and allows for swapping to any token to be done with ease. ![Feeder Finance DEX Aggregator](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FxET9Wx2REutaLnWk0ZbR%2FFeeder%20Finance%20DEX%20Aggregator.PNG?alt=media\&token=167f8b21-44f4-4719-96a7-f24775c9d91b) The Exchange uses a market-leading 1Inch DEX Aggregator algorithm and token library to allow users to swap through dozens of different liquidity pools to achieve the best swap rates and avoid front-running. # AutoConverter With the introduction of the **AutoConverter** on every AutoFarming product page, users can provide liquidity using single tokens in one click. This bypasses users having to manually go to needed LP providers to swap and deposit tokens to receive LP tokens and then coming back for yield optimizing. Simply click “Open Converter” and the user interface is clear and intuitive. ![Feeder Finance AutoConverter](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FauObZvpIl4YEzVG5aDNs%2FFeeder%20Fnance%20AutoConverter.PNG?alt=media\&token=619f80e8-fa3d-4259-84c9-e50eccec9f0d) ***To Convert*** * Select "Convert" tab at the top left * Select the token available in your wallet that matches either side of the LP token * Enter the amount of token or select the percentage options * Click "Convert..." ***To Redeem*** * Click "Redeem" tab on the top right * Enter the amount of LP token you wish to redeem * Select the token you wish to break the LP token down into * Click "Redeem" ### Fees The AutoConverter charges a 0.10% transaction fee. # Fiat-to-Crypto On-Ramp Coming Soon! # FEED Products # FEED Staking ![Feeder Finance Staking](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTnQTqa8I9BIEqBpSL%2F-MjTnf_mMIaqzP56IKQI%2FFeeder%20Finance%20Staking.PNG?alt=media\&token=3ededc92-2468-4cda-b30f-fe464369964e) You can stake your FEED on . Then you'll earn more FEED automatically. Rewards are auto-compounded multiple times a day and added to your total balance - no manual reinvesting is necessary. Zero fees are associated with staking, and you can withdraw at any time. Check out the [How to Stake FEED](/products-and-services/feed-products/staking/how-to-stake-feed) guide to get started with staking. # How to Stake FEED Join Feeder as early adopter by staking {% hint style="info" %} Before being able to stake FEED, you have to have some in your wallet. [Here](https://docs.feeder.finance/how-to-guides/how-to-buy-usdfeed) is a guide on how to buy FEED. No withdrawal, deposit, or other fees are associated with staking, and there is no timelock. If you want to learn more about the FEED distribution, then click [here](https://docs.feeder.finance/tokenomics/farming-distribution). {% endhint %} **Step 1**: Visit ![Feeder Finance Search tab](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTjzjjNP4_x_T81ImI%2F-MjTn3l_quEoYUN4HKnF%2FFeeder%20Finance.PNG?alt=media\&token=d60651cc-45de-4310-bdef-07e2c0931bfe) **Step 2**: Then open the "Staking" tab and press the "Approve"-button. Submit the transaction and wait a few seconds until it is confirmed by the network. The "Approve"-button goes away after successful approval. ![Feeder Finance Staking tab](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTjzjjNP4_x_T81ImI%2F-MjTnHtH_8K7gMGB-8-w%2FFeeder%20Finance%20Staking.PNG?alt=media\&token=d9bd881b-74e4-4a98-a489-710664edd220) **Step 3**: Enter how much you would like to stake, and then press "Deposit FEED". Approve the transaction and wait a few seconds until your transaction has been confirmed. **Step 4**: After the successful confirmation of your transaction, you have successfully staked your FEED! *Useful resource:* [What is sFEED?](https://docs.feeder.finance/others/faqs#what-is-sfeed) # FEED Farming ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTnjOG8i-4USrT3zer%2F-MjTnsAdeC27giokGgMs%2FFeeder%20Finance%20Farming.PNG?alt=media\&token=a043ab63-61ba-4b99-a5da-5b5b4002ce12) You can deposit your FEED-BNB LP Tokens to our Farming contract by visiting [Feeder Finance Farming](https://feeder.finance/farming). Once deposited; your LP tokens will earn a high APR and return interest to you in the form of FEED. We charge a 7% fee on harvest; but all pending rewards (uncollected FEED) in the farming contract have already paid the fee. The FEED earned through farming can also be harvested at any time; however, we charge a 5 % withdrawal fee on your LP tokens. Check out our How to Provide Liquidity and How to Farm FEED guides to get started with farming! # How to Provide Liquidity Become FEED/BNB Liquidity Provider {% hint style="warning" %} ***Important Disclaimer on Risk of Impermanent Loss ("IL")**:* *In providing liquidity, the price of the tokens in a Liquidity Pool can diverge in any direction. The more divergence there is, the more impermanent loss a user (i.e. Liquidity Provider) suffers. This is called impermanent because it can be temporary. When the price of the tokens returns to the original value the user had invested, the loss is erased. Impermanent loss is also reduced by the trading fees a Liquidity Provider earns. This is a common occurrence in Liquidity Pools, but it can become a permanent loss if the user decides to withdraw their liquidity.*\ \ *Learn more:*\ *-* [*How do LIQUIDITY POOLS work? (Uniswap, Curve, Balancer) | DEFI Explained*](https://www.youtube.com/watch?v=cizLhxSKrAc)\ *-* [*What Is IMPERMANENT LOSS? DEFI Explained - Uniswap, Curve, Balancer, Bancor*](https://www.youtube.com/watch?v=8XJ1MSTEuU0)\ \ ***Why providing liquidity is important to the project?*** *To ensure price stability a lot of liquidity in the pool is required to absorb trading volumes. This helps the price movement become less erratic. Another benefit is that investors with large amounts of capital are able to invest without massive slippage, i. e.: driving the price up massively, or down massively.* *Feeder's founders have provided their own capital together with 5 million FEED tokens as initial liquidity in the pool, but as demand or supply gets larger, it's unlikely to support trading/investing on its own. We need your help!* ***What's in it for you?*** 1. *You'll earn 0.17% of the trading value as a fee, on PancakeSwap, which is deposited right back into the pool.* 2. *You can use your LP token (which is what you receive after depositing in a liquidity pool) to FARM more FEED on our platform.* 3. *Your FEED investment is less volatile and risky to hold. Less surprises.* {% endhint %} ## Where/How to Provide Liquidity **Step 0:** Please scroll back up and read the above if you haven't already. It's important you know what you're getting yourself into. **Step 1:** To provide liquidity, make sure you've already swapped some FEED into your wallet. If you haven't already and don't know how, please go to the [How to Buy FEED ](/feeder-finance-overview/master/how-to-buy-usdfeed)section. On PancakeSwap, instead of being on "Swap" tab, move over to the middle tab called "Liquidity" (See Figure 1) ![Figure 1](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZM1a3qD0hqKobOyxBm%2F-MZM3CVMV7UWM61RBB2g%2Fimage.png?alt=media\&token=13a2f81c-e01f-40d5-80da-a3de59142542) **Step 2:** Click on the blue button called "Add Liquidity" shown in Figure 1 and you'll be sent to an interface similar to the swapping interface (See Figure 2) Now what you'll likely need to do is paste the contract address into the search bar again after clicking on "Select a currency". Use this FEED contract address: 0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493 ![Figure 2](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZM3h1w8PDrIQlAYOVQ%2F-MZM4_mOt_L9hUrFRFoq%2Fimage.png?alt=media\&token=2738fd69-4da4-4151-8b15-88a99c844b38) Once that's done you'll see the two pairs shown as per below: ![Figure 3](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZM3h1w8PDrIQlAYOVQ%2F-MZM7r0PhSc554YpbmmJ%2Fimage.png?alt=media\&token=296d386f-2769-49bc-ab61-52f4b8db64c6) Hit "MAX" on FEED or however many you'd like to deposit into the liquidity pool. Then hit "Supply" at the bottom. You'll be prompted to "Confirm Supply" (Figure 4) ; go ahead and do that. ![Figure 4](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MZM3h1w8PDrIQlAYOVQ%2F-MZM8lFKKBy7LPcMxmXY%2Fimage.png?alt=media\&token=5a55ea34-458b-4323-8533-7958fe421b42) MetaMask will prompt you to confirm, hit confirm. **Step 3: Congratulations! Now you can learn about** [**How to Farm FEED**](/products-and-services/feed-products/farming/how-to-farm-usdfeed)**!** # How to Farm FEED Join Feeder as early adopter by farming {% hint style="info" %} *We've noted the fee structure in our* [*Tokenomics*](/feeder-finance-overview/master/tokenomics-1) *section but want to make sure you go back and familiarize yourself with it before* *you deposit your LP tokens to the farm.* {% endhint %} ## Where/How to Farm FEED tokens **Step 1: Where to Farm FEED tokens** Head over the [Feeder Finance Website](https://www.feeder.finance/) ![Feeder Finance Search tab](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTjzjjNP4_x_T81ImI%2F-MjTn3l_quEoYUN4HKnF%2FFeeder%20Finance.PNG?alt=media\&token=d60651cc-45de-4310-bdef-07e2c0931bfe) Alternatively, go straight to our DApp through this link: [https://app.feeder.finance/](https://app.feeder.finance/#/) **Step 2:** Then open the "Farming" tab, connect your wallet and press the "Approve"-button. Submit the transaction and wait a few seconds until it is confirmed by the network. The "Approve"-button goes away after successful approval. ![Feeder Finance Farming tab](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MjTnjOG8i-4USrT3zer%2F-MjToMmQUXI3uLfi1t0F%2FFeeder%20Finance%20Farming.PNG?alt=media\&token=2e2f4fa3-04d7-4d52-a2de-83a279328ae9) **Step 3**: Enter how much you would like to stake, and then press "Deposit FEED*-*BNB LP". Approve the transaction and wait a few seconds until your transaction has been confirmed.‌ **Step 4: Congratulations! You've now learned to swap tokens on Decentralized Exchange, provide liquidity to receive LP tokens, and deposit your LP tokens to start Farming!** # Security & Contracts {% content-ref url="/pages/-Md2TfmEOEsraVTrtWsO" %} [Contracts](/security-and-contracts/contracts) {% endcontent-ref %} {% content-ref url="/pages/-Md1waa1lVvOdzjJ3V-v" %} [Audits](/security-and-contracts/audits) {% endcontent-ref %} {% content-ref url="/pages/-Md22gsxMBuJNMEGWPcp" %} [Security](/security-and-contracts/security) {% endcontent-ref %} {% content-ref url="/pages/YISdDBbs8wKUyw9JSY7m" %} [Insurance](/security-and-contracts/insurance) {% endcontent-ref %} {% content-ref url="/pages/-MYOLwyN-ds9nL-do4qP" %} [Source Codes & APIs](/security-and-contracts/source-codes) {% endcontent-ref %} # Contracts ## BSC Core Contracts | Contract | Address | Link | | ------------------- | ----------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------- | | **FeedToken** | 0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493 | ​[View on BscScan](https://bscscan.com/address/0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493)​ | | **FeedFarm** | 0xd90A8878a2277879600AA2cba0CADC7E1a11354D | ​[View on BscScan](https://bscscan.com/address/0xd90A8878a2277879600AA2cba0CADC7E1a11354D)​ | | **FeedTimelock** |

0x0d12B588E09fF802bb30E895E78Cd8f230067898

(Locked FEED for Team, Marketing, Development)

| ​[View on BscScan](https://bscscan.com/address/0x0d12B588E09fF802bb30E895E78Cd8f230067898)​ | | **FeedTimelockV2** |

0x9348312B593B7946b3e8feC7b76f84e53433FA7A

(Locked 10,000 FEED/BNB LP V2 Token)

| ​[View on BscScan](https://bscscan.com/address/0x9348312B593B7946b3e8feC7b76f84e53433FA7A)​ | | **StakedFeedToken** | 0xEb9902A19Fa1286c8832bF44e9B18E89f682f614 | ​[View on BscScan](https://bscscan.com/address/0xEb9902A19Fa1286c8832bF44e9B18E89f682f614) | | **FEED-BNB LP** | 0xcf3ed0670c671034c58f6b771757a8529238ca3a | [View on BSCScan](https://bscscan.com/address/0xcf3ed0670c671034c58f6b771757a8529238ca3a) | ## FTM Core Contracts | Contract | Address | Link | | ------------------------- | ------------------------------------------ | ----------------------------------------------------------------------------------------- | | **FeedToken** | 0x5d5530eb3147152fe78d5c4bfeede054c8d1442a | [View on FtmScan](https://ftmscan.com/address/0x5d5530eb3147152fe78d5c4bfeede054c8d1442a) | | **FEED-FTM LP** | 0xF20835616b8ff27ECfd7f245db43CBbC0d84A95C | [View on FtmScan](https://ftmscan.com/address/0xF20835616b8ff27ECfd7f245db43CBbC0d84A95C) | | **FTM Treasury MultiSig** | 0xE9a65Cc5f021E3E06B9eDad92Bb7ab133324d5F3 | [View on FtmScan](https://ftmscan.com/address/0xE9a65Cc5f021E3E06B9eDad92Bb7ab133324d5F3) | | **sFEED** | 0x411f3e09c66b30e7facfec45cd823b2e19dfad2d | [View on FTMScan](https://ftmscan.com/token/0x411f3e09c66b30e7facfec45cd823b2e19dfad2d) | ## AVAX Core Contracts | Contract | Address | Link | | ---------------------- | ------------------------------------------ | -------------------------------------------------------------------------------------------- | | FeedToken | TBD | TBD | | FEED-AVAX LP | TBD | TBD | | AVAX Treasury MultiSig | 0x468fc594Ae8dDe405db90C9B9055506A3dDCE63F | [View on SnowTrace](https://snowtrace.io/address/0x468fc594ae8dde405db90c9b9055506a3ddce63f) | ## BSC Platform Fees Contracts | Contract | Address | Link | | -------------------------------------------------- | ------------------------------------------ | ----------------------------------------------------------------------------------------- | | **Fees Collector** | 0x82D9452d796d9BE2226966E2AA8aDd839104D2C4 | [View on BSCScan](https://bscscan.com/address/0x82D9452d796d9BE2226966E2AA8aDd839104D2C4) | | **Fees Collector DEX** | 0x3425D618907d6119F398471526A3bA06d4f29b6d | [View on BSCScan](https://bscscan.com/address/0x3425D618907d6119F398471526A3bA06d4f29b6d) | | **Governance Treasury (Entry Fees)** | 0x38EEaEB206E5c465D810fC2dB5A5431679126A2C | [View on BSCScan](https://bscscan.com/address/0x38EEaEB206E5c465D810fC2dB5A5431679126A2C) | | **Governance Treasury (Treasury-Owned Liquidity)** | 0xEB1c59B8842D52C1985a3ee45bb55A229eC07E14 | [View on BSCScan](https://bscscan.com/address/0xEB1c59B8842D52C1985a3ee45bb55A229eC07E14) | {% hint style="success" %} **Fees** are automatically used to buy back FEED and sent to designated wallets. **Fees Collector** and **Fees Collector DEX** accumulate profit share from the platform usage and AutoConverter and Exchange (TBD) usage fees. The 5% profit share collected accumulates, with 3.5% sent to the staking pool increasing the sFEED value and 1.5% to the developer wallet for ongoing development and incentives. **Governance Treasury (Entry Fees)** accumulated fees from entry fees to be kept as reserved and ultimately managed by the DAO. **Governance Treasury (Treasury-Owned Liquidity)** accumulates FEED-BNB Farm withdrawal fees by transferring LPs into the wallet. This essentially equals a temporary burn and will be used for supporting the FEED-BNB liquidity pool, platform incentives, yield generation, and buybacks in the future. {% endhint %} # Audits The crypto ecosystem is notorious for regular smart contract exploits. Not a week goes by without announcing a new exploit. Feeder Finance carefully keeps track of such events. We intentionally avoid features such as oracles and flash loans for our products. They are well-known for being responsible for most exploits. To ensure the highest security standard, we let our contracts get audited by the best auditors the ecosystem has to offer: | Purpose | Auditor | Finished | Source | | ------------------------------------------------- | ---------- | -------- | --------------------------------------------------------------------------------------------------------------------------- | | FeedToken; FeedFarm; FeedTimelock; FeedTimelockV2 | Certik | Yes | [Link](/security-and-contracts/audits/certik-security-audit#certik-security-audit-june-2021) | | FeedVaults | PeckShield | Yes | [Link](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Feeder-v1.0.pdf) | | Feeder Lending | PeckShield | Yes | [Link](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-FeederLending-v1.0.pdf) | # CertiK Security Audit ### **CertiK Security Audit** **- June 2021** The Report Covers the following deployed contracts: * FeedToken ([BSCScan](https://bscscan.com/address/0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493)) * *Contract of the FEED token* * FeedFarm ([BSCScan](https://bscscan.com/address/0xd90A8878a2277879600AA2cba0CADC7E1a11354D)) * *Contract of the Farming Pool* * FeedTimelock ([BSCScan](https://bscscan.com/address/0x0d12B588E09fF802bb30E895E78Cd8f230067898)) * *Contract of the timelocked tokens to be distributed to founders, developer wallet, and marketing wallet)* * FeedTimelockV2 ([BSCScan](https://bscscan.com/address/0x9348312B593B7946b3e8feC7b76f84e53433FA7A)) * *Contract timelocking the 10,000 FEED-BNB LP initial liquidity provided for the IDO* {% file src="/files/-Mcu5FevH5I2r91bpU5U" %} CertiK Security Audit - June 2021 {% endfile %} ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mcu5gS0ADor4NyMwiqs%2F-Mcu5nllZFYn1R0JqzWn%2FREP-Feeder%20Finance-2021-06-21-01.jpg?alt=media\&token=0aa80098-9dfe-4ae7-a73a-73925e4743cc) 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![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mcu5gS0ADor4NyMwiqs%2F-Mcu5nm9VvNe-NJo1tim%2FREP-Feeder%20Finance-2021-06-21-26.jpg?alt=media\&token=640759d0-92fe-428e-b4db-f79295fc188a) ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mcu5gS0ADor4NyMwiqs%2F-Mcu5nmAsdgco19Uq_Qi%2FREP-Feeder%20Finance-2021-06-21-27.jpg?alt=media\&token=ab83c003-95ce-441c-bb83-bf877666ca2a) ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mcu5gS0ADor4NyMwiqs%2F-Mcu5nmBeB8TXExmnB8i%2FREP-Feeder%20Finance-2021-06-21-28.jpg?alt=media\&token=d8fa6f90-8b43-4d88-87d2-21ed3503bb04) ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mcu5gS0ADor4NyMwiqs%2F-Mcu5nmCFQVD0pTDMplE%2FREP-Feeder%20Finance-2021-06-21-29.jpg?alt=media\&token=5a9c4383-90ed-4c06-982a-2c1e013158da) *Note: Not included in this audit report is the StakedFeedToken contract, which is the contract for the staking pool. The contract was completed after engagement with CertiK and was planned to be included with the Vault add-on. The add-on was called off and hence was left unaudited at this point. The code is short and standard - used by projects with hundreds of millions in value locked. Users are free to audit the code* [*here*](https://bscscan.com/address/0xEb9902A19Fa1286c8832bF44e9B18E89f682f614#code) *however we do not see any potential threat.* # PeckShield Security Audit **PeckShield Security Audit** **- July 2021** The Peckshield audit was done for our **AutoStaking: Auto Diversify** product which will be launched by the week of July 12. {% file src="/files/-MeB05sBPT2VnOSyGcNs" %} PeckShield Feeder Vaults - July 2021 {% endfile %} {% file src="/files/5m15FTt4Z0OGTgpX40CZ" %} PeckShield Feeder Lending Audit - January 2022 {% endfile %} # Security ## Security of Funds Feeder Finance has the following wallets securely owned and managed by the team. All wallets are MultiSig (Multi-signatures) wallets that require at least two out of three approval from the founders' hardware wallet before the transaction can be sent to the network: * Developer Wallet * Marketing Wallet * Governance Treasury Wallet * Insurance Wallet * Fee Collector - Collector of platform and farming fees to be distributed #### Additional layers of security To ensure the highest security of our wallets each hardware wallet is duplicated into another hardware wallet and stored securely in a physical safe. ## Risks of Platform Feeder Finance is in alpha, which means upcoming features permanent or stable. They may be subject to change to best adapt to the fast-moving changes of the industry. We encourage all of our users to study through the docs before using this platform. ## Smart Contracts Risks Our smart contracts are based on several successful and battle-tested projects, such as our FeedFarm contract, initially based on SushiSwap MasterChef. To increase another level of security and reduce the possibility of human errors, each smart contract had gone through automated tasks to test against each line of code to make sure it performs the correct actions and functions as expected. **We observe every exploit that happens in crypto.** Our AutoStaking vaults **can't get flash loans exploited**. An address can only perform one transaction per block with our AutoStaking vaults, but flash loans require multiple transactions. The **security standard** of our AutoStaking smart contracts is **extremely high** since we don't use any oracles, and because of the simplicity and flash loan protection. The **audit by PeckShield** took one month, and we have resolved every issue. We are growing an **insurance fund** but we can't guarantee the security of the target vaults even though we only choose high-quality ones. Our Auto Diversify product is a great choice when you want to have a **simple and diversified experience**. # Insurance Feeder Finance is currently undergoing an application process with [Insurace](https://www.insurace.io/) to get direct coverage of its smart contracts. However, users of Feeder Finance vaults can get coverage for underlying target platforms through Insurace. In an unlikely scenario that any of the target platforms are exploited, having purchased coverage with Insurace, the user would have the ability to claim with Insurace for damages. Please study Insurace's terms and policy for more information! # Source Codes & APIs ## Source codes The source codes of our smart contracts are verified on BscScan and published to our Github repository. | Contract | Github | BscScan | | ------------------------------ | ------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------- | | **FeedToken** | [View on Github](https://github.com/FeederFinance/feeder-contracts/blob/main/contracts/token/FeedToken.sol) | [View on BscScan](https://bscscan.com/address/0x67d66e8ec1fd25d98b3ccd3b19b7dc4b4b7fc493#code) | | **FeedFarm** | [View on Github](https://github.com/FeederFinance/feeder-contracts/blob/main/contracts/farm/FeedFarm.sol) | [View on BscScan](https://bscscan.com/address/0xd90A8878a2277879600AA2cba0CADC7E1a11354D#code) | | **FeedTimelock** | [View on Github](https://github.com/FeederFinance/feeder-contracts/blob/main/contracts/timelock/FeedTimelock.sol) | [View on BscScan](https://bscscan.com/address/0x0d12B588E09fF802bb30E895E78Cd8f230067898#code) | | **FeedTimelockV2 (Liquidity)** | [View on Github](https://github.com/FeederFinance/feeder-contracts/blob/main/contracts/timelock/FeedTimelockV2.sol) | [View on BscScan](https://bscscan.com/address/0x9348312B593B7946b3e8feC7b76f84e53433FA7A#code) | ## API ## GET Token Data `GET` `https://api.feeder.finance/v1/token` Get name, symbol, max supply, total supply, circulating supply, and USD price. {% tabs %} {% tab title="200 " %} ``` { "name":"Feeder Finance", "symbol":"FEED", "maxSupply":100000000, "totalSupply":44525826, "circulatingSupply":17775826, "feedPriceUsd":0.1358183177 } ``` {% endtab %} {% endtabs %} ## GET Token Holders `GET` `https://api.feeder.finance/v1/token/holders` Get amount of FEED token holders {% tabs %} {% tab title="200 " %} ``` { "holders":751 } ``` {% endtab %} {% endtabs %} ## GET Platform Data `GET` `https://api.feeder.finance/v1/platform` Get staking, farming, total TVLand feed-bnb-lp in USD. {% tabs %} {% tab title="200 " %} ``` { "stakeTvlUsd":1083526.1178834818, "farmTvlUsd":1807536.981607346, "totalTvlUsd":2891063.099490828, "feedBnbLpUsd":"5.5137073597" } ``` {% endtab %} {% endtabs %} # Beginner Resources We know that understanding crypto is very difficult. This ecosystem is built on many concepts that appear very counterintuitive. We have prepared guides everyone can understand to make you an independent and educated crypto investor. Let's get started! | Guides | | -------------------------------------------------------------------------------------------------- | | [Blockchain in a Nutshell](/for-beginners/blockchain-in-a-nutshell) | | [How to DeFi](/for-beginners/how-to-defi) | | [How to Stay Safe in Crypto](/for-beginners/how-to-stay-safe-in-crypto) | | [How to Buy Your First Crypto](/for-beginners/how-to-buy-your-first-crypto) | | [Learn to Read the Block Explorer](/for-beginners/learn-to-read-the-block-explorer) | | [How to Switch from Trust Wallet to Metamask](/for-beginners/switch-from-trust-wallet-to-metamask) | | [Crypto Blockchain Bridging](/for-beginners/bridging-to-bsc) | | [APR vs APY](/for-beginners/apr-vs-apy) | # Blockchain in a Nutshell Learn about the first fundamental blockchain concepts! A **blockchain** is a **distributed ledger**. Let's take this statement apart. ## Core Concepts ### Ledger A **"ledger"** is a record of balances associated with an identity. Here's an example to illustrate this concept: Alice, Bob, Charlie, and David are schoolmates. They want to keep track of how many Pokémon cards each one has and decide to start a ledger. 1\. Alice is the only one with Pokémon cards and has 50 of them. The friends meet and record the situation: | Alice | Bob | Charlie | David | | ----- | --- | ------- | ----- | | 50 | 0 | 0 | 0 | 2\. It's Bob's birthday, and Alice decides to gift him ten cards. Now the balances have changed: | Alice | Bob | Charlie | David | | ----- | --- | ------- | ----- | | 40 | 10 | 0 | 0 | 3\. Bob has lost a bet against Charlie and David and now has to give them two cards each. | Alice | Bob | Charlie | David | | ----- | --- | ------- | ----- | | 40 | 6 | 2 | 2 | The ledger enables the friends to always have a perfect and uninterrupted overview. A blockchain does the same as the example above. It records the balances, but instead of names, a blockchain uses addresses. Here is a Bitcoin address: *1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa*. Some readers might have noticed that the approach of Alice, Bob, Charlie, and David is flawed. Their system involves a substantial amount of **trust**. *Who keeps a copy of the ledger? What prevents a participant from changing the history? How can it be guaranteed that a classmate edits the numbers truthfully?* In short, their system can't be trusted and is easily exploitable. In traditional banking systems a ledger is always kept. Similar to the example above, only a few identities are allowed to have a copy of the ledger and have the right to maintain it. A system where only a few authoritarian entities control the record-keeping of the ledger shared by many it is called **centralized**. ### Blocks Blockchain works differently. Instead of having a long list of balances stored in a ledger, a blockchain splits the data up in smaller chunks, called **blocks**. These blocks are **chained together,** resulting in what's called a **blockchain**. ### Consensus
Transaction Process by Investopedia
Blocks are **immutable**. If a user does a transaction, the network does not change the previous block. Instead, the network includes the transaction in a block and then adds it at the end of the chain. The network protocol determines the rules on how and when to add a block. This process can be referred to as a **consensus mechanism**. The consensus mechanism is the heart of any blockchain. It determines the security, the degree of **decentralization**, and the speed of a blockchain. Decentralization refers to the degree to which participants are able to participate in the creation of new blocks, more access, more decentralized. Bitcoin's consensus mechanism: The participants who add blocks to the Bitcoin blockchain are called **miners**. A miner has to solve a randomized mathematical task first to be allowed to add a Bitcoin block. When he solves the task before every other miner, he includes the transactions into a block and adds the block at the end of the chain. The network compensates him for his work, called the **block reward**, which consists of newly created bitcoin and transaction fees. ### Transaction Fee A Bitcoin block has limited space. Only a certain amount of transactions fit into it. Therefore, a user has to pay a **fee** to be eligible to get his transaction included in a block. The fee amount varies from network to network. ### Explorer Blockchain data is publicly available for everyone. A user can inspect the blockchain using an **explorer**. One example of an explorer is the following webpage . There he can find a list of all blocks, all transactions associated with an address, and more. On Binance Smart Chain, it's . ### Seed Phrase, Private Key, Public Key & Address If a user wants to make a transaction on a blockchain, he can't use his regular banking account. First, he has to create a wallet. There are a couple of different kinds of wallets, but the steps to create one are always quite similar: 1. The user has to research a wallet that is suitable for his preferred cryptocurrency. Some wallets support only one currency, and there are also a few which support multiple. 2. After having chosen a wallet, the user has to install their software or access their web app. 3. The wallet now prompts the user to write down a seed phrase on a piece of paper. 4. The user writes down the seed phrase, and then he is done. What is a **private key**? A private key looks similar to a wallet address, e.g., *L25K7KdqwFDwPtT1KBoaQjVtHQR1uXBN1baDHboYZmmxPBqac6jj*. A private key is the most critical part of a wallet. It is the gateway to using the funds of a user. Therefore, it must not be sent to any other person and handled carelessly. What is a **public key**? A wallet generates the public key from the private key, and they are mathematically connected, e.g., *1GB7UgW3kbkbiXEAS2VJXkntchgmvs5696*. A user can share the public key risk-free with others. Other users can send money to your public key since it is the **wallet address**. What is a **seed phrase**? A seed phrase is a collection of words, e.g., *file oven staff cruel occur team issue gym float bright print champion*. Modern wallets generate a seed phrase for you instead of a private key. The benefit is that a seed phrase represents many different private keys. It also must not be shared with anyone, or the user risks losing funds. Warning: Do not use the public key, private key, or seed phrase provided in this article. *Note*: A few wallets are controlled by a centralized entity and don't require the aforementioned steps. Such wallets might be simple and easy to set up; they only need your email and a password, but a user sacrifices complete control over his money. *A famous saying goes, "not your key, not your coins".* ### **Smart Contract** > A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. [\~ Ethereum Foundation](https://ethereum.org/en/developers/docs/smart-contracts/) Here is a simple example of a contract. Alice has agreed to send Bob one ETH when she gets 10 BNB from him. They decide to write a simple smart contract with the following logic: When Alice deposits 1 ETH to the contract it waits for Bob's 10 BNB. If he doesn't send them to the contract after one day, the deal gets canceled, and Alice gets her ETH back. However, Bob deposits the BNB. Now the contract sends the BNB to Alice and the ETH to Bob. ‌ Learn more about smart contract: * [Introduction to Smart Contracts](https://medium.com/@ChainTrade/10-advantages-of-using-smart-contracts-bc29c508691a) * [10 Advantages of Using Smart Contracts](https://medium.com/@ChainTrade/10-advantages-of-using-smart-contracts-bc29c508691a) ## Common misconceptions ### Cryptocurrencies are not in your wallet. Alice sends Bob 1 ETH. Bob happily receives ETH, but then loses his mobile phone where Bob has his wallet stored. He worries his precious money is lost. Is he right? No, because before creating the wallet, he has noted down the seed phrase. Bob downloads the wallet software on his new mobile phone and then imports his seed phrase. Voilà, he still has access to his funds. Remember: As long as you have the seed phrase, you can always generate the public/private keys associated with your funds, you won't lose your money. You can even have your wallet on multiple computers. This is because the record of your funds is kept on the blockchain, not in your wallet, your wallet gives you access, it doesn't store your funds, much like a key to a safe. ### Transactions are not instant. Depending on the blockchain and the amount of fees you paid, a transaction might only take milliseconds, seconds, or minutes. You have to wait until your transaction gets included in a block. ### Different blockchains have different ledgers. Let's say Bob has 1 BTC on Bitcoin and 1 ETH on Ethereum. Bob can't just send his ETH to his Bitcoin wallet. Blockchains are blind and deaf and don't know what other networks are doing. If he tries the erroneous transaction, then he might lose his ETH. Funds can only be sent between blockchains when using a **bridge**.� ## **Learn More** Videos * [Bitcoin for Beginners Playlist](https://www.youtube.com/watch?v=l1si5ZWLgy0\&list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj) * [How to Buy Cryptocurrency for Beginners](https://www.youtube.com/watch?v=sEtj34VMClU) * [Decentralizing Everything with Ethereum's Vitalik Buterin](https://www.youtube.com/watch?v=WSN5BaCzsbo) Articles * [Binance Academy](https://academy.binance.com/en/articles?page=1) * [How to set up a MetaMask Wallet](https://docs.matic.network/docs/develop/metamask/hello/) * [Asymmetric Encryption](https://sectigostore.com/blog/what-is-asymmetric-encryption-how-does-it-work/) Do you have question regarding blockchain, crypto & Feeder Finance? The community and team is always happy to help! Community Telegram: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/dfDB7vHNT2) # How to DeFi A Quick Summary of Frequently Asked Questions by New DeFi Investors {% content-ref url="/pages/rkH0ileP4hIpCjOoQNnc" %} [Stablecoins](/for-beginners/how-to-defi/stablecoins) {% endcontent-ref %} {% content-ref url="/pages/rN3AvnUPKhMtpCh4VPBi" %} [Non-Stablecoins](/for-beginners/how-to-defi/non-stablecoins) {% endcontent-ref %} {% content-ref url="/pages/UOXgdaQ4YJCXUERHES7j" %} [Tokenomics](/for-beginners/how-to-defi/tokenomics) {% endcontent-ref %} {% content-ref url="/pages/5tC80RcNnUz7031F1yhG" %} [Staking vs Farming](/for-beginners/how-to-defi/staking-vs-farming) {% endcontent-ref %} # Stablecoins ### The Brief Stablecoins are cryptocurrencies pegged to a fiat value (typically one *US Dollar*) and are backed partially, fully, or algorithmically by underlying assets. They are created to serve as a tool for DeFi investors or traders to hold cryptocurrencies in a more traditionally stable form. DeFi Investors also use stablecoins to stake and farm in times of volatility or market downturns. Stablecoins offer relatively low returns compared to most other non-stable crypto assets but are considered safer from a price risk standpoint. ![Feeder Finance Stablecoin Search](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FF18tyBOByJdSqwJ4wOwB%2FFeeder%20Finance%20Stablecoin.PNG?alt=media\&token=1e90a0ab-b97a-4509-9b38-e9114d8aeef3) ### Which Tokens Are Stablecoins? There are hundreds of different stablecoins within all blockchains, but only a handful are widely adopted in the industry. The following are ones new DeFi investors should be aware of: * [**$USDT**](https://coinmarketcap.com/currencies/tether/) : One of the first and most widely used USD stablecoin throughout all networks. A USD reserve backs its value; however, as of the time of writing, is being disputed by many parties as potentially not fully backed * [**$USDC**](https://coinmarketcap.com/currencies/usd-coin/) : A USD stablecoin by a collaboration between Coinbase and Circle, is a major stablecoin and one of the most trusted; a USD reserve backs $USDC value * [**$BUSD**](https://coinmarketcap.com/currencies/binance-usd/) : A USD stablecoin by Binance, the largest crypto exchange globally, and most widely used within the Binance Smart Chain (BSC) ecosystem; USD reserves back its value * [**$DAI**](https://coinmarketcap.com/currencies/multi-collateral-dai/) : A USD stablecoin run by a decentralized autonomous organization (DAO) of the Maker protocol. Its value is backed by Ethereum locked as collateral inside the MakerDAO smart contracts. This is the largest decentralized stablecoin in crypto as of the time of writing. The value of $DAI may not always be exactly 1 USD, but the peg has been relatively stable over time * [**$VAI**](https://coinmarketcap.com/currencies/vai/) **:** A USD stablecoin run by a Venus protocol decentralized autonomous organization (DAO). Its value is backed by collateral locked inside the Venus protocol smart contracts. $VAI is predominantly used within the Binance Smart Chain ecosystem as Venus is the network's largest lending/borrowing protocol. As with $DAI, the value pegged may not always be exactly 1 USD; however, it is relatively stable close to that range. ### When to use Stablecoins in DeFi? Stablecoins, as the name suggests, are expected to have stable value. This means that it could be a safe haven for DeFi investors in turbulent times. Investors tend to rebalance their portfolios from more volatile crypto assets into stablecoins when the future is unclear, or the market turns south. Nevertheless, holding stablecoins does come with passive returns, both from staking single tokens and providing liquidity to farm for extra returns. Typically, however, farming stablecoins with non-stablecoins offer higher returns, especially when paired with native network token (such as ETH or BNB) thanks to the large amounts of trading fees generated. Investors need to keep in mind, however, that LP token paired with non-stable means some of the stability of a single stablecoin is lost, but the investor is rewarded with additional returns for taking that risk. Feeder Finance offers many products with AutoStaking and AutoFarming for multiple stablecoins and DeFi investors can simply search "stable" in the search bar (or [click here](https://feeder.finance/invest/stable)) to explore products. Earning, in some cases, over 60% APY while holding a stablecoin is a relatively safe way of generating passive income in DeFi. Learn more about Farming and Staking through the links below: {% content-ref url="/pages/-Md1sNCYM1HlTjEM8VAJ" %} [FEED Farming](/products-and-services/feed-products/farming) {% endcontent-ref %} {% content-ref url="/pages/-Md1s3NPA4IHWXE5Z59\_" %} [FEED Staking](/products-and-services/feed-products/staking) {% endcontent-ref %} *Disclaimer: Nothing written here should be considered investment advice. The article is intended for informational purposes to guide investors only. For investment advice, please consult a licensed professional.* # Non-Stablecoins ### The Brief Many parallels can be drawn between the crypto market and the traditional stock market. Fundamentals and economics are primary factors that drive stock prices. Non-stablecoins, or assets not pegged to a fixed value, also move with changing fundamentals, supply and demand, sentiment, etc. Like stocks, they may be grouped into sectors with unique characteristics which affect price and investment strategy. Understanding these layers helps users make better decisions in DeFi. ![Feeder Finance Non-Stable AutoStaking and AutoFarming](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fmz1uf8XVIuwXt50HlhKd%2FCapture.PNG?alt=media\&token=9f487399-8929-4109-8810-25b38fc54e17) ### Cryptocurrency vs Token Before we continue, let's define a couple of terms: 1. "***Cryptocurrencies***" (or "coins") are traditionally defined as native network currency used to validate transactions (pay gas fees), take $BTC for Bitcoin, $ETH for Ethereum, and $BNB for Binance Smart Chain, for instance. 2. "***Tokens***" are currencies created using a smart contract deployed within a particular blockchain with unique characteristics; they may exist in some form on multiple blockchains. $LINK tokens, for instance, which can be found in most blockchains, aren't used to pay gas but were created to pay for usage of Chainlink products and act as its governance *token*. Generally, though, industry participants do use them interchangeably. The confusion for new people joining crypto revolves around "what are tokens?" should clarify that. ### The Crypto Sectors While there are infinite ways of dissecting the crypto market, we'll try to keep it relevant and straightforward in this article. ### Native Cryptocurrencies These are the blue chips of crypto, the big brother being [$BTC](https://www.coingecko.com/en/coins/bitcoin) (Bitcoin), followed by [$ETH](https://www.coingecko.com/en/coins/ethereum) (Ethereum), and [$BNB](https://www.coingecko.com/en/coins/binance-coin) (Binance Coin). More recently, multiple new blockchains have been launched to try to solve Ethereum's gas fees and scalability limitations (although this may change with [ETH 2.0](https://decrypt.co/resources/what-is-ethereum-2-0)); the major ones are [$SOL](https://www.coingecko.com/en/coins/solana) (Solana), [$LUNA](#the-brief) (Terra), [$AVAX](https://www.coingecko.com/en/coins/avalanche) (Avalanche), and [$MATIC](https://www.coingecko.com/en/coins/polygon) (Polygon), among many others. **What typically drives prices and yields of native cryptocurrencies?** The fundamental use-case for native cryptocurrencies is for rewarding validators that put in the work and/or capital to validate blocks (aka confirm transactions on a blockchain). Naturally, what drives the prices of these assets are actual or expectations of future usage demand of that particular blockchain and how the supplies are getting created. Each blockchain has different [Tokenomics ](/for-beginners/how-to-defi/tokenomics)for how the cryptocurrency is created and consumed. Still, generally one can assume that the more users there are, the more likely it would be reflected in the price. Generally, holding native cryptocurrency as a single asset and staking/lending them provides only marginally higher yields than [stablecoins](/for-beginners/how-to-defi/stablecoins). This is because they are considered safe and is abundant. However, providing liquidity and farming native cryptocurrency and stablecoin as a pair offer very attractive yields! A substantial volume of trading is generally between stablecoins and native cryptocurrencies, thus rewarding liquidity providers with high trading fees APR. ### DeFi Tokens DeFi (Decentralized Finance) tokens represent projects that provide financial products or services on the blockchains of native cryptocurrencies. There are thousands of DeFi tokens, large and small, but typically within any blockchain, you have large-cap DeFi tokens that are most heavily traded. Examples of these are [$UNI](/feeder-finance-overview/marketing-materials) (Uniswap) and [$COMP](https://www.coingecko.com/en/coins/compound) (Compound) on Ethereum, and [$CAKE](https://www.coingecko.com/en/coins/pancakeswap) (PancakeSwap) and [$XVS](https://www.coingecko.com/en/coins/venus) (Venus) on Binance Smart Chain. Another generalization is that these are typically tokens of the top AMM and lending protocols on a blockchain. **What typically drives prices and yields of DeFi tokens?** They typically have a usage-driven demand; in other words, usage of products/services drives the need for the token. This demand could either be through higher rewards redistributed or buybacks and burn, but other forms exist too. On the supply side, many DeFi projects use their token to incentivize the usage of their product and services. Minting new tokens as rewards and therefore creating supply that flows into the market. Similar to how the usage of their representative blockchain drives native cryptocurrency prices, DeFi token prices are, in the long run, primarily driven by demand from use and scarcity of supply. In the short- and medium-term, however, sentiment could be behind price movements. Typically investors would stake DeFi tokens on its respective projects' staking or farming pools; yields largely represent how the token price has been moving recently. The range of APY will primarily be driven by the stage at which the project is; newer projects with high inflation offer higher APY. However, token growth may or may not translate into $ value growth over time; the outcome is subject to the project's success or failure. ### Other Token Sectors As the cryptocurrency grows, its ecosystem has become more and more diverse. Investors must be diligent and understand the tokenomics underpinning each token; this is true for all sectors. The following are some of the other crypto sectors you should be familiar with: * **Infrastructure**: The crypto industry relies on multiple infrastructures, from browsers, wallets to data oracles. Examples of these are [$LINK](https://www.coingecko.com/en/coins/chainlink) (Chainlink), [$FIL](https://www.coingecko.com/en/coins/filecoin) (Filecoin), and [$BAT ](https://www.coingecko.com/en/coins/basic-attention-token)(Basic Attention Token). * **Play to Earn:** Games, and especially games that pay players in crypto ("Play to Earn"), have become one of the hottest sectors in crypto in the early part of 2021, led by [$AXS](https://www.coingecko.com/en/coins/axie-infinity) (Axie Infinity), which is powering an entire economy in some emerging countries. * **NFT**: Digital assets can be copied and shared easily; verification of their origin and authenticity is virtually impossible. That was until the introduction of the NFT technology. Non-Fungible Tokens (NFTs) allow digital assets to be verified and tracked, creating value for authors and owners of digital assets (art, music, etc) like never before. [CryptoPunks](https://www.larvalabs.com/cryptopunks), a digital avatar, commands value in the millions as one of crypto's most prestigious NFT collections. ### Key Takeaway Investing in any cryptocurrency or token ultimately comes down to figuring out demand and supply imbalances. What drives the demand for the token will come down to real demand from usage and sentimental demand from traders based on relevant development that impacts its future. On the supply side, it comes down to how fast new supply is coming into the market versus how much gets used. Investors should be aware of the different sectors. In most cases, the market focuses on one or two sectors at any given time, and tokens within the same sector generally share similar [tokenomics](/for-beginners/how-to-defi/tokenomics). Understanding this helps speed up the diligence process and makes keeping up with the crypto market far easier. *Disclaimer: Nothing written here should be considered investment advice. The article is intended for informational purposes to guide investors only. For investment advice, please consult a licensed professional.* # Tokenomics ### The Brief The concept of *Tokenomics* is among the most crucial topic a crypto investor needs to get familiar with to make investment decisions. In essence, it is very straightforward; demand and supply dynamics drive prices; however, analyzing any tokenomics structure requires a lot of thought and time. The conclusion typically evolves around figuring out the scenario and timing for the token to become self-sustaining and either maintain price stability or create a potential for price appreciation over time. ### **What is Tokenomics?** As the term would suggest, "Tokenomics" stands for the economics of token. Tokenomics define consumption and creation of the token, the availability of the token in the market, the relative rate of change. The business model and flow of capital that is beyond the pre-set Tokenomics structure act as external factors. ### Token Demand and Supply Dynamics When we talk about demand and supply dynamics, it's a fancy way of describing how much the token is consumed and created. It is important to understand the demand and supply dynamics as over the short- and long-term, token prices are driven by this fundamental force. **What is Token Supply?** The team mints tokens, this creates supply that gets released into the market. How they are created and released depends on the project's founders. The following are typical structure considerations: * Emissions Schedule (*how are tokens minted and how fast*) * Total Supply (*is there a cap to total supply, when is this hit*) Supply creation is crucial as it typically drives the forces on the selling side of the equation. One example of this is farmers receiving token rewards being generated sell to lock in returns. A countering force is needed to balance the equation; that's **Demand**. **What is Token Demand?** Tokens created and released into the market would only depress prices were it to lack buyers. Buying "demand" or the consumption of these tokens out of the market can be achieved in multiple ways; however, they are different in short- versus long-term. In the **short term**, the biggest driver of token demand, and arguably, supply, are speculative forces. Investors buy and sell the token on expectations of the future. If they're bullish, demand increases and supply gets sucked out of the market; the opposite is true if they are bearish. In the **long run**, the demand needs to be created organically from a sustainable source. You run out of buyers at some point, so dependence solely on buyers is short-term in nature. *Organic Demand Sources* * **Revenue**: A business model of some kind that generates income for the project used to buy back tokens from the market is among the most efficient methods. * **Governance**: Most tokens are used as a voting tool for changes to the project. For large projects, governance is highly valuable due to the impact on the number of users from any changes to the protocol. * **Taxes**: Trading tax is a popular tool that many projects without a revenue model use to create organic demand from trading activity; it uses the tax to burn or lock up liquidity to reduce the supply. ### Key Takeaway Ultimately understanding the forces driving Demand and Supply is a critical concept driving the Tokenomics of a token; however, more important is understanding the relativity between the two. Tokens can be created indefinitely; however as long as there is more demand for it than new supply, the net effect is positive for the price. Therefore investors need to understand the rate of change on both sides of the equation to measure the net effects. What needs to happen for a net negative to supply. Is there more demand than supply? Is this sustainable? When will this occur? Among other questions. *Disclaimer: Nothing written here should be considered investment advice. The article is intended for informational purposes to guide investors only. For investment advice, please consult a licensed professional.* # Staking vs Farming ### The Brief Perhaps the most foundational investment strategies in DeFi, staking and farming are similar in many ways but also different. Investors, deciding between whether to stake or farm, need to understand their characteristics and risk/return differences. Staking simply refers to staking a single asset or token into a yield-generating pool, while farming tends to be associated with staking liquidity pool tokens (LPs) to similar pools. Therefore, the underlying risk and return structures have to do with holding single assets vs. LP tokens and the APY differences between the two options. ### The Definition **Single Assets -** Single Asset refers to plain-vanilla tokens; it isn't a derivative of any other token or represents deposited funds; it just is. **Liquidity Pool Tokens** - Also known as LPs, they are receipt tokens representing deposits within liquidity pools, typically two-sided. In the case of the traditional two-token liquidity pool, LPs are essentially equal-weighted index funds of two tokens with passive auto-compounded returns being generated from trading fees within those liquidity pools. However, LPs tokens with more than two underlying tokens exist too; they're typically referred to as Balancer LPs (after the original inventor of the strategy). ### What is Crypto Staking? Staking was originally referred to as a less-capital intensive system of mining (supporting blockchain validation) through a process called Proof of Stake (PoS). It involves cryptocurrency holders depositing or locking up their tokens inside a pool to support the mining process. Stakers, as compensation for doing so, receive rewards in more tokens. DeFi projects, especially those in the lending or levered trading/farming sectors, need pools of capital to provide those services. One way to achieve this is by incentivizing investors to provide that liquidity through various forms of incentives. These could be perks on the protocol, voting rights, and/or rewards distribution. The source of funding for rewards can either be from protocol revenues or simply new emissions; this topic is referred to as project [Tokenomics](/for-beginners/how-to-defi/tokenomics). A great example of how this works is PancakeSwap's staking pool. It allows $CAKE stakers to earn rewards in CAKE, or other tokens sponsored by partners. Feeder Finance's [staking pool](/products-and-services/feed-products/staking) also incentivizes Feeders to stake, initially with rewards coming from emissions, but eventually solely funded by platform fees. ### **Investing with Crypto Staking** Investors hoping to earn rewards from staking simply have to buy a token they wish to stake and deposit them into available pools. Most tokens have a staking pool on their respective protocol DApps. However, investors are usually required to "harvest" those rewards. Rewarded tokens do not automatically get sent to the depositors' wallets; they must be manually collected ("harvested"). \[[*Feeder Finance*](#the-brief) *offers auto-compounding that automatically collects rewards and restake them for higher compounded returns (APY); we call it "*[*AutoStaking*](/products-and-services/yield-optimizer/autostaking)*"*] While staking cryptocurrencies or protocol tokens has the potential for high returns, investors need to be aware that they are receiving rewards typically in those same tokens. Therefore the actual fiat returns will be subject to the price of these tokens when/if they are sold. Staking early when projects are young and highly inflationary could mean investors can collect a significant amount of these tokens. As emissions slow down or run out, and prices rise, this could result in handsome returns on investment for early investors. Nonetheless, new projects do come with more risk as prospects are still unclear. ### What is Crypto Yield Farming? Yield Farming generally refers to all aspects of DeFi yield generation; however, the term "farming" has come to differentiate yield-farming of single assets from that of LP tokens. So while staking refers to single asset deposits for rewards, "farming" is typically used to refer to staking **LP tokens** for rewards. The motivation behind projects launching farming pools is usually no different from staking pools. There is a need for liquidity, in this case, two or more sided liquidity in the forms of LPs, and they're willing to reward liquidity providers for the privilege of renting that for some time. PancakeSwap has made this their business model. To attract large pools of capital to their most popular AMM pairs, they allow those liquidity providers to deposit LP tokens and earn $CAKE. Finally, investors will find that not only do most projects have a staking pool, but they also come with a farming pool, regardless of whether their products or services need LPs to function. This, primarily, is because those farming pools are specifically for the project's own native token LP. In order to allow a smooth swapping experience with low slippages, liquidity pools need to be sufficiently well funded. Achieving this requires more investors to provide liquidity. Projects typically reward liquidity providers with their tokens as an incentive. Feeder Finance's [farming pool](/products-and-services/feed-products/farming) is doing precisely this. ### Investing with Crypto Yield Farming Investors hoping to earn rewards from farming will have to go through a couple of extra steps from a simple staking investment. In a traditional two-token liquidity pool farming, investors would need to 1. Own the specified two tokens (eg.: BNB-CAKE) 2. Provide liquidity by depositing both tokens in the *same value* 1. Once liquidity has been provided, LP tokens will be sent to the wallet as a receipt (it represents the share of the investors' liquidity inside the liquidity pool) 3. Deposit LP token into a farm Like the staking pool, investors are usually required to harvest rewards accumulated while the LP tokens are deposited within the farm. \[[*Feeder Finance* ](https://feeder.finance/invest)*offers an* [*AutoConverter*](/products-and-services/defi-tools/autoconverter) *tool which makes providing liquidity just a simple one-step click, and auto-compounding of rewards by breaking them up into LPs, and depositing them back into the farm, automatically; we call it "*[*AutoF*arming](/products-and-services/yield-optimizer/autofarming)*"*] Farming is one of the best ways to earn relatively stable returns on DeFi; predominantly because of the beauty of LP tokens. **More Stable APY** While staking is entirely dependent on token rewards, two components drive farming returns: 1) Trading Fees and 2) Rewards. Even if the tokens rewarded experience price volatility, holding constant a stable trading activity in the liquidity pool, trading fees would remain a driver of returns and would lower the volatility of the overall returns. **Lower Price Volatility** Staking is a 100% speculative investment on that one particular token; its price return will be a major component of overall return. However, LPs are essentially equal-weighted funds of two tokens. As one side of the equation rises in value, it gets sold to buy the other, and vice versa; keeping a balance of 50/50 in value on both sides at all times. Typically speculative tokens are paired with a native blockchain cryptocurrency or a stablecoin, thus forcing at least half of the price component to tilt towards more stability. **What is Impermanent Loss** While this article will not dive into the details, investors need to be mindful of what the industry terms as "Impermanent Loss". This is, in simple terms, the difference between holding one (or both) of those tokens in isolation versus holding both as an LP Token together. The rebalancing mechanism dictates that price returns will not move in a one-to-one fashion with either token, and that discrepancy is what's known as "Impermanent Loss". *Disclaimer: Nothing written here should be considered investment advice. The article is intended for informational purposes to guide investors only. For investment advice, please consult a licensed professional.* # How to Stay Safe in Crypto Cryptocurrency is quickly gaining popularity and widespread adoption, attracting large amounts of new investors and capital. But the unregulated and decentralized nature of cryptocurrencies also gives rise to an abundance of fraudulent behaviors, with billions of dollars worth of crypto assets stolen each year through fraud, scams, and hacks. ## So how do you stay safe in crypto? While we cannot help prevent losses incurred from the volatile markets, we hope to offer tips and good practices that will help secure your funds while informing you of common scams to watch out for. **1. Invest Responsibly** - Regardless of the prospective outlook of cryptocurrencies, NEVER invest more than you can afford to lose and ALWAYS DYOR and understand what it is that you’re investing in. **2. Use Different Passwords** - If you use the same password for everything, chances are it has been compromised. Consider using a different, more complicated one for your crypto platforms. Better yet, you can use a secure password manager to have a unique password for every platform you use. **3. Two-factor Authentication (2FA)** - Use 2FA anywhere you can! Opt for apps such as Google Authenticator or Authy instead of SMS-based 2FA, which could be subjected to sim swap attacks. Note: Authy-users should disable multi-device. For an additional layer of security, consider using a hardware authenticator such as Yubico’s [Yubikey ](https://www.yubico.com/)or Google’s [Titan Security Key](https://cloud.google.com/titan-security-key). **4. Secure Your Devices** - Keeping your computer secure can be a complicated task due to the multitude of methods your security can be breached. Below is a list of common preventative measures that will surely advance your security: 1. Have a premium antivirus and antispyware software regularly check for malware 2. Avoid using public wifi 3. Avoid clicking on ads 4. Uninstall software or even chrome extensions from untrusted developers 5. Uninstall remote access software such as TeamViewer or Anydesk 6. Uninstall any clipboard managers to prevent clipboard hijacking 7. Uninstall any screenshot applications that may upload your screenshots 8. ALWAYS check the URL of the website **5. Secure Your Wallets** - Avoid custodial wallets (this means a third party holds your private key) and store your private key or seed phrase offline. Hardware wallets such as Trezor, Ledger, and SafePal also offer an added layer of security by requiring a physical input to approve your transactions and internally storing your private key in the hardware wallet itself, an external, offline device. Moreover, avoid granting unlimited spending on token approvals and revoke allowances of dApps you no longer use. While token allowances are necessary for a protocol to interact with the funds in your wallet, these allowances are often permanent. This can allow malicious smart contracts to remove all of your tokens without the need to confirm the transaction. If you choose to use but are uncertain about a platform, it is also possible to set a custom allowance to potentially minimize your losses. It is also good practice to revoke token allowance using tools such as unrekt.net, debank.com, or on your block explorer. This is a great tool to revoke permissions: {% embed url="" %} And of course, NEVER SHARE YOUR SEED PHRASE! **6. Don’t Keep Your Eggs In One Basket** - Abstain from keeping all your funds in one place. You should spread your assets between on-exchange custodial wallets, hot wallets, and cold wallets to prevent the loss of all funds from a single security leak. ## Common Crypto Scams While applying the aforementioned security measures may secure your funds from unauthorized access, it can not aid you if you fall victim to a scam. Below will be a list of the most common scams that you should avoid at all costs. ### **Fake Giveaways** ![Fake Giveaways](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FRaHsB9oNXBZ3kIToyM9s%2FFake%20Giveaways.png?alt=media\&token=81266899-e79a-445e-be7b-c8ebee272fb3) Crypto giveaway scams have been an ongoing problem since 2017. They usually impersonate celebrities or large exchanges and promise free cryptocurrency with the caveat of requiring the victim to “verify their address” by sending them a small payment. These scams come in the form of a fake or hacked celebrity Twitter account or Youtube live streams. Often with legitimate-looking websites and a group of “satisfied customers” claiming it's real. Giveaway scams are also being directed at individuals through emails or DMs from Discord, Telegram, and Twitter. ### Trading Bot Scams ![Trading Bot Scam](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FT2osEclDbHnog6v4o2BF%2FScam%20Trading%20Bots.PNG?alt=media\&token=b549e183-71ba-4431-895e-51eb7e7fe731) Another classic scam to watch out for is trading bot scams. Mixed into the large selection of legitimate trading tools are malicious bots and Ponzi schemes. If a website claims to be a trading bot that promises high rates of return, you should avoid it. They likely operate like a Ponzi scheme. If you are genuinely looking for a trading bot, make sure to verify its authenticity as fraudulent software with API access to your exchange can cause a lot of damage. Look out for information on the team, how the software works, and testimonies from real users before deciding on using the platform. ### Phishing Attacks ![Phishing Attacks - Cloudflare](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FyI7zj8FPZR5Rlk3lqKe5%2Fdiagram-phishing-attack.png?alt=media\&token=6181cdf4-ac57-4a9f-8eae-de2647c3719f) The most well-known type of attack is ‘email phishing’. Attackers will email the victim while impersonating a legitimate entity such as popular exchanges or professional funds. It could be an email from your exchange claiming a withdrawal request, updated security measures, or even giveaways. It will then lead to a fake website in order to take your login credentials. Attackers could also impersonate government bodies or even your boss if your private information has been leaked. To avoid falling for these scams, always double-check the sender’s email address and the URL of any link that might be included. For those of you who are in community group chats such as Telegram or Discord, be wary of direct messages from attackers impersonating admins or tech support leading you to a fake website to take your private key. Always remember to double-check the URL of the link you're visiting. ### Exit Scams in DeFi ![Example of a Rug Pull](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FZrmwtwbYKqVr4syG9bnz%2Frugpulls.png?alt=media\&token=d04c350d-d03e-466a-857e-bcf56d73e5e1) Crypto exit scams are fraudulent projects with no utility whose sole purpose is to extract as much capital from the investors as possible. Different malicious projects operate differently and may choose to leave with the funds at different points of their lifecycle, ranging from fake ICOs to rug pulls at the peak of their growth. Below, we will describe commonly occurring malicious practices and point out key takeaways in avoiding them. Fake ICOs (initial coin offerings) are a type of scam that builds hype and exposure around a legitimate-looking project, motivating investors to get in early on the presale before vanishing with the funds or never delivering on the product. Another type of blatant exit scam in DeFi is a rug pull can be classified as a hard rug or a soft rug. **Hard rugs** include removing liquidity from the liquidity pools and taking locked assets on the platform. **Soft rugs**, however, are when the team behind a project abandons the project and sells all their remaining tokens, effectively dumping the price of a token to or near zero. While hard rugs may seem more malicious, they are usually easier to identify because they rely on malicious code (which is open-sourced) and can be avoided by simply not using a platform until it has been audited by large auditors such as Certik or Peckshield. Soft rugs, on the other hand, require the judgment of the investors themselves to determine the feasibility and longevity of a project based on its utility, tokenomics, and development. Always do your due diligence: * **Know the Developers** — Be wary of projects that have never been KYC’d by a respected party and double-check the identities of the team if they are doxxed as scammers often falsify personal information * **Read the Whitepaper/Documentation** — Reading through the whitepaper or the documentation can give you insight on whether a project is legitimate through their vision, fundamentals, and plans. * **Token Allocation** — Always note a project’s token allocation before investing. Projects with high allocations to the team and private investors might be more inclined to be dumped on. Others with high allocations to reward emissions may be hyperinflationary and unsustainable. ***The Feeder team is available to answer any questions when you're faced with a situation or are unsure whether what you're about to do is legit or safe. The team will NEVER DM first; so please ping us if you need any help!*** *An article by **Lee**, a Feeder community member* # How to Buy Your First Crypto ## Introduction There are numerous ways today to purchase cryptocurrencies, but we will introduce you to one of the most straightforward and most complete options. First, we will set up a cryptocurrency [wallet](https://docs.feeder.finance/beginner-guide/blockchain-in-a-nutshell#seed-phrase-private-key-public-key-and-address) for your Mobile Phone or PC. Second, we will use an extremely useful [exchange](https://en.wikipedia.org/wiki/Cryptocurrency_exchange) to buy our first cryptocurrency, which will automatically get deposited into our wallets. {% hint style="warning" %} This article assumes you know the basics of blockchain & cryptocurrency. If you feel like you need a refresher, please consider reading our [Blockchain in a Nutshell](https://docs.feeder.finance/) article. {% endhint %} ## Set-Up Your First Wallet Do you want to set up a wallet on your Mobile Phone or PC? ### Mobile Phone On mobile, we will install [Trust Wallet](https://trustwallet.com/). Trust Wallet is extremely easy to set up and has a variety of remarkable features. In this guide, we will use Android but installing Trust Wallet on IOS is the same. 1\. Install Trust Wallet from the Play Store ![Trust Wallet in the Google Play Store](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7kr-ATKISi_QVk_t7%2Fimage.png?alt=media\&token=1da9139e-ad64-4dd5-ac8c-e328c942855b) 2\. Open the wallet, press "Create a New Wallet" and then agree to Trust Wallet's Terms of Service ![Create a new wallet](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7kv8Uvy3JlVuq-Dx7%2Fimage.png?alt=media\&token=76341253-2d04-481a-9672-67b5337fc829) 3\. Now begins the **most important step** when creating a wallet. Trust Wallet tells you to write down the 12-word [seed phrase](https://docs.feeder.finance/beginner-guide/blockchain-in-a-nutshell#seed-phrase-private-key-public-key-and-address). {% hint style="danger" %} We recommend that you write down the 12 words on a piece of paper. Storing the seed phrase digitally increases the chance of losing it or getting it stolen. Remember, you **must not share** these 12 words with anyone or you are going to lose your funds. {% endhint %} ![Generate and write down your 12-word seed phrase](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7l-4c1XZvdRbgJIJR%2Fimage.png?alt=media\&token=1f69e992-d9f8-4db2-a8bf-4d201a1e1fd3) 4\. Confirm your seed phrase. Perfect, you have successfully created your wallet. ![Successfully created your wallet](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7l4cpNUxEHv9WkK1a%2Fimage.png?alt=media\&token=2857e7e6-ad57-48ae-bfd8-610d0926f869) 5\. Before you buy any cryptocurrency, you should first find out the address of your wallet. TrustWallet supports multiple Blockchains, but in this guide, we will learn how to buy a cryptocurrency for [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain#:~:text=Binance%20Smart%20Chain%20\(BSC\)%20is,running%20smart%20contract%2Dbased%20applications.\&text=The%20aim%20of%20the%20platform,low%20latency%20and%20large%20capacity.) (BSC) - a faster and cheaper alternative to Ethereum. Open your wallet, press "Smart Chain" and then "Copy". Now you have successfully copied your wallet address which will look similar to 0x106fbAF278a3C52B11f8a65041Df1347a3dAb610. We are going to need this for the next step. ![Press "Smart Chain"](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lAfSO-M_xS2CUOXI%2Fimage.png?alt=media\&token=cd90238e-fe49-4c2e-bcdf-4640a84f422e) ![Press "Copy"](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lM3L_rtQbCVJeGs9%2Fimage.png?alt=media\&token=0148eca0-74b0-4849-82a4-f7f5a7a37773) ### PC Do you prefer PC? We got you covered: On PC we will install [MetaMask](https://metamask.io/) as a browser extension. MetaMask is one of the most trusted wallets in crypto and is extremely easy to set up. In this guide, we will use Chrome, but Firefox, Edge, and Brave also work. 1\. Visit MetaMask's [official homepage](https://metamask.io/index.html) and download their browser extension. ![MetaMask's official homepage](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lRX7NAPM6h7EjeQT%2Fimage.png?alt=media\&token=2096caf3-ba23-4ba2-9ba7-76a8e441f515) 2\. After installing the extension the introduction screen should automatically appear. *If it doesn't show up, then press on the MetaMask icon in the right-hand corner of your browser*. Now press "Get Started" and "Create a Wallet". ![MetaMask's welcome screen](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lUuFBC4Wf0Su_i3G%2Fimage.png?alt=media\&token=7607a90a-048c-4ef1-a978-6dfaf0568887) 3\. Create a secure password ![Create a password](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lXtEOy4huLTQXi4w%2Fimage.png?alt=media\&token=ebd104ef-6778-43b9-a8c0-7732a397b75d) 4\. Now begins the **most important step** when creating a wallet. MetaMask tells you to write down the 12-word [seed phrase](https://docs.feeder.finance/beginner-guide/blockchain-in-a-nutshell#seed-phrase-private-key-public-key-and-address). {% hint style="danger" %} We recommend that you write down the 12 words on a piece of paper. Storing the seed phrase digitally increases the chance of losing it or getting it stolen. Remember, you **must not share** these 12 words with anyone, or you are going to lose your funds. {% endhint %} 5\. Confirm your seed phrase. Perfect, you have successfully created your wallet. ![Successfully created your wallet](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lbDGuHJ0yPj-RVWm%2Fimage.png?alt=media\&token=19905b2b-467a-448d-bfb7-5a38e6f4cac9) 6\. Before you buy any cryptocurrency, you should first find out the address of your wallet. MetaMask supports multiple Blockchains, but in this guide, we will learn how to buy cryptocurrency for [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain#:~:text=Binance%20Smart%20Chain%20\(BSC\)%20is,running%20smart%20contract%2Dbased%20applications.\&text=The%20aim%20of%20the%20platform,low%20latency%20and%20large%20capacity.) (BSC) - a faster and cheaper alternative to Ethereum. MetaMask is connected to Ethereum as its default blockchain, but we are going to change it to BSC: a. Locate the "Ethereum Mainnet" button in the top-right corner and press on it. Then select "Custom RPC". ![Locate "Custom RPC"](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7leTL2DdEPeueBfrh%2Fimage.png?alt=media\&token=bbe7b81e-6223-4c3f-afde-f0197c9f9642) b. MetaMask is going to ask you a few details about the Blockchain you want to add. Enter the following info and press "Save": Network Name: Smart Chain\ New RPC URL: \ Chain ID: 56\ Currency Symbol BNB\ Block Explorer URL: ![Enter details](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lgG25G-Evn9pf4IH%2Fimage.png?alt=media\&token=67d28c76-4f3b-4c77-b9d1-45161f09d8dc) c. Congratulations, you have successfully connected your wallet to BSC. Press the X in the top-right corner to close the window. Now you can press on "Account 1" to copy your wallet address which will look similar to 0x106fbAF278a3C52B11f8a65041Df1347a3dAb610. In the right-hand corner, you are able to switch between the different networks. ![Copy Address](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7ljUPp0gXox0SMjpP%2Fimage.png?alt=media\&token=598622c3-76a9-4c26-9536-80be8030ef68) By pressing the MetaMask logo in the right-hand corner of your browser, you can always re-open MetaMask. ## Buy Crypto In the crypto space are hundreds of exchanges, but we have decided to use [Transak](https://transak.com/) in this guide. This exchange automatically sends the cryptocurrency to your wallet, reducing fees and making your experience more seamless. Other noteworthy exchanges are [Binance](https://www.binance.com/), [CoinBase](https://www.coinbase.com/de/), and [Kraken](https://www.kraken.com/). 1\. Visit , enter the amount you would like to buy and select BNB (BSC Network) instead of ETH. Choose your preferred currency, payment method and double-check the fees. Then press "Buy Now". BNB is the main currency of BSC and your gateway to using the BSC ecosystem. Don't select a coin with a different network since this guide focuses on BSC. ![Enter the correct information](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7ltMsevyrr8BR8Efg%2Fimage.png?alt=media\&token=9446fc4c-79b5-4459-a0e9-fca09be6b20f) 2\. Paste your wallet address you have copied in the previous step. **Important**: If you enter the wrong address, you will lose your purchase. After you have double-checked the info, press "Buy BNB". ![Paste wallet address](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Ma7kTnyFp9DVM1wSt41%2F-Ma7lwVjIIEcTXRMXfC1%2Fimage.png?alt=media\&token=ffc3b762-071d-4100-b036-1d59ec99ac99) 3\. Enter your personal details, and transfer the money to Transak. 4\. It might take up to 2 days until Transak has processed your transaction. After having received your BNB, the BNB amount (on MetaMask) or the Smart Chain amount (on Trust Wallet) will have increased. ## Congratulations! Now you are a proud owner of your first cryptocurrency! Very exciting! ## Need help? The Feeder Finance team always welcomes newcomers. If you experience any problems, don't hesitate to ask for help:\ Community Telegram: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/dfDB7vHNT2) # How to Read the Block Explorer A step-by-step guide to understanding BscScan and similar block explorers. {% hint style="success" %} To be able to understand this guide fully, you should know the basics of blockchain. If you need a refresher, consider reading our [Blockchain in Nutshell](https://docs.feeder.finance/beginner-guide/blockchain-in-a-nutshell) guide. {% endhint %} ## Introduction Block explorers are key to understanding cryptocurrency and blockchain on a more intermediate level. They enable us to be more independent as a crypto investor and have the edge over users who don't understand them. In this guide, we will focus on the block explorer of[ Binance Smart Chain](https://docs.binance.org/smart-chain/guides/bsc-intro.html#:~:text=Binance%20Smart%20Chain%20is%20an,block%20time%20and%20lower%20fees.), but the concepts can be easily applied to other explorers such as [Etherscan](https://etherscan.io/). {% hint style="info" %} Binance Smart Chain, BSC in short, is a more centralized copy of Ethereum, which enables fast and cheap transactions. Learn more [here](https://docs.binance.org/smart-chain/guides/bsc-intro.html#:~:text=Binance%20Smart%20Chain%20is%20an,block%20time%20and%20lower%20fees.). {% endhint %} ## Your First Steps [BscScan](https://bscscan.com/) is the block explorer of BSC. Let's take a look at its start page. ![(A) Homepage of BscScan](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTe846Cr5VNAfY5acs%2Fimage.png?alt=media\&token=fef5fee2-5ead-4a9e-a610-7b3e109e1a28) (A1) Here you can enter a wallet & contract address and transaction hash/id here. BscScan will then return detailed info about them\ (A2) A very useful section where you can find important info about BSC\ (A3) Get more info about the latest blocks\ (A4) Get more info about the latest transactions ## Read Address Info Now we enter *0x1735794f80B1e94fAc5da2BdF19fD86E99A72441* into the search field (A1). BscScan leads you [here](https://bscscan.com/address/0x1735794f80b1e94fac5da2bdf19fd86e99a72441). {% hint style="warning" %} The addresses used in this guide are randomly selected and are not associated with any team member. {% endhint %} ![(B) More details about an address](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTeCLdDybuYinoYPC4%2Fimage.png?alt=media\&token=9ea228cc-0252-4bc7-96fd-07ebe0706aa5) (B1) Here is an overview of the address. You can see how much BNB the user has. By pressing on the field next to "Token" you can also see which tokens he has and how many of them\ (B2) | Tab | Explanation | | ---------------- | ------------------------------------------------------------------------------------------------ | | Transactions | General Txs such as sending BNB from one wallet to another | | Internal Txns | Transactions you send to yourself will show up here. This can be interesting when canceling a tx | | BEP-20 Token Txs | Transactions with tokens such as sending the FEED token | | Analytics | Get more in-depth address data | ## Read Contract Info {% hint style="info" %} **Smart Contract**: It is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. {% endhint %} Now we enter *0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493* into the search field (A1). This is the contract address of the FEED token. BscScan leads you [here](https://bscscan.com/address/0x67d66e8Ec1Fd25d98B3Ccd3B19B7dc4b4b7fC493). ![(C) More details about a contract](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTeFpg6kNtmuwmOslm%2Fimage.png?alt=media\&token=ca08dc89-c0d7-4523-be50-4570db76450c) The info you find here is very similar to address data but with the addition of the "Contract" tab. There you can find the contract code, read its data and interact with it. Besides that, you can also read the transaction histories and balances. Developers of a contract usually upload the code to BscScan. BscScan will automatically verify if the uploaded code matches the contract on the blockchain. When it does, it will mark the contract as "Contract Source Code Verified" (D). That doesn't mean the contract is secure and trustworthy, but it still means the developers have less to hide. ![(D) Contract tab](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaXkpVbChQZV4G-nPSU%2F-MaXl8MNNuv4OGndChvv%2Fimage.png?alt=media\&token=95256f11-cffb-4bce-805b-b0610743420d) ## Example Tx There is a wide variety of different kinds of transactions, but in this guide, you can find two different types that will help you understand different ones. ### Sending BNB Tx The user with the address *0x1735794f80b1e94fac5da2bdf19fd86e99a72441* sent 2 BNB to *0x0838c49b0380bbf40bfd3f98b4ff68402db34d18*. The transaction has the hash/id of *0x5b05e21bf63fe9e84580cc38298470c51e7cbed3186f5a82a69f11f74a9b7017*. You can find it [here](https://bscscan.com/tx/0x70d091576d060fb27ee7184f407f03261cd499c1510ef924d2b054df085cc3e1). ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTeJGgUCKoJzKWGRhQ%2Fimage.png?alt=media\&token=24d2f0d7-77ab-43ab-b563-c837d4f1bce4) | Field | Explanation | | ---------------- | ------------------------------------------------------------------------------------ | | Transaction hash | Unique identifier of a transaction | | Status | A transaction can also be "pending", "success" or "failed". | | Block | The block in which the transaction was included | | Timestamp | The time and date when the network has confirmed a transaction | | From | The sending address | | To | The receiving address | | Value | The amount of BNB pending sent | | Transaction Fee | How expensive it was for the sender to make the transaction | | BNB Price | The USD price of BNB at the time of the transaction | | GAS Limit | How much a transaction is allowed to cause fees | | Gas Used | How much of the GAS Limit the transaction cost | | Gas Price | How much one unit of GAS costs | | Nonce | Represents how many transactions an address made | | Input data | Doesn't matter for a plain transaction but it is important for Contract interactions | ### Sending FEED Tx Every token on BSC (besides BNB) is a smart contract. The user with the address *0x1735794f80b1e94fac5da2bdf19fd86e99a72441* sent 483 FEED token to *0x67d66e8ec1fd25d98b3ccd3b19b7dc4b4b7fc493*. The transaction has the hash/id of *0xf8dc09d206bee157381c29b6f607e623fd76491705fac5e6f038a71828f594ad*. You can find it [here](https://bscscan.com/tx/0xf8dc09d206bee157381c29b6f607e623fd76491705fac5e6f038a71828f594ad). Most details are the same but there are some key differences: ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTeMwXQccjBQ-L4NwP%2Fimage.png?alt=media\&token=e44a796e-d875-411b-a333-caff0e36ec48) | Field | Explanation | | ------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Interacted With | Instead of having a "To" field we have this one. Since [BEP-20](https://academy.binance.com/en/glossary/bep-20) tokens are smart contracts you have to interact with them when wanting to transfer tokens | | Tokens Transferred | Displays how many tokens have been transferred from the sending address to the receiving. | | Input Data | A very important field when interacting with contracts is this one. Here you can see which data the transaction submits to the blockchain. For a BEP-20 the transaction includes a recipient and the amount. It is noteworthy that you have to convert the amount to a different unit by multiplying the number by 10^-18. | ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MaTdpGdqup-1RA2aJTO%2F-MaTePevY_E_n_X79dgF%2Fimage.png?alt=media\&token=0f4dd6a1-80a7-4ddb-a632-cb57ee84624c) It is important to note that you have to "decode" the input data before being able to read it properly. ## Conclusion Congratulations! Now you know how to find your way through a Block Explorer. This guide is not covering every detail but is a good fundament to explorer BscScan in more detail! ## Need help? The Feeder Finance team always welcomes newcomers. If you experience any problems, don't hesitate to ask for help:\ Community Telegram: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/dfDB7vHNT2) # How to Switch From Trust Wallet to MetaMask {% hint style="info" %} There are a handful of reasons why you might want to migrate from Trust Wallet to MetaMask. Maybe you are unsatisfied with the available features or you experience bugs. It is **important** to point out that you will still be able to use your Trust Wallet, even though both wallets might use the same seed phrase. You are not limited to one wallet at the same time. {% endhint %} ## Trust Wallet -> MetaMask Mobile ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mdxmuu0klY3a-t3hqcA%2F-Mdxt8LJTJollehMD2Pt%2FScreenshot_20210707_000850.jpg?alt=media\&token=0e139d96-65f8-4d80-9f51-fbdd7b1397f9) **Step 1**: Find your Trust Wallet seed phrase. A seed phrase looks like this: *seed pony duty giraffe shoot notable crowd electric denial squeeze across differ*. **Note**: Make sure you write it down and not copy; there could be invisible spaces and cause an error **Step 2**: Import your seed phrase, and set a password. Note: It might be easier to scan the QR when importing. **Step 3:** Compare the MetaMask wallet address with your Trust Wallet address. They have to be the same, or it didn't work. **Step 4**: Access the menu in the top-left corner and open the in-app browser. Connect your wallet to [app.feeder.finance](https://app.feeder.finance/). MetaMask will ask you to change the blockchain to BSC. ## Trust Wallet -> MetaMask PC ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-Mdxmuu0klY3a-t3hqcA%2F-MdxshFFRL2cNQcX1KBM%2Fimage.png?alt=media\&token=114b2c33-0712-4b20-bd28-08509ee6987c) **Step 1**: Find your Trust Wallet seed phrase. A seed phrase looks like this: *seed pony duty giraffe shoot notable crowd electric denial squeeze across differ*. **Note**: Make sure you write it down and not copy; there could be invisible spaces and cause an error **Step 2**: Visit the [official homepage](https://metamask.io/) of MetaMask, and download the browser extension. **Step 3**: Import your private key, and set a password. Note: It might be easier to scan the QR when importing. **Step 4**: Compare the MetaMask wallet address with your Trust Wallet address. They have to be the same or it didn't work. **Step 5**: Connect your wallet to [app.feeder.finance](https://app.feeder.finance/). MetaMask will ask you to change the blockchain to BSC. ## Need help? If you experience any problems, don't hesitate to ask for help:\ Community Telegram: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/dfDB7vHNT2) # Crypto Blockchain Bridging {% content-ref url="/pages/-MhEDGvZ4laG-rXiMAXg" %} [How to Bridge ADA to BSC](/for-beginners/bridging-to-bsc/how-to-bridge-ada-to-bsc) {% endcontent-ref %} # How to Bridge ADA to BSC This article outlines reasons why to bridge ADA to BSC, and how to do it easily. ## Why Bridge ADA to BSC? The Cardano network doesn't have a DeFi ecosystem yet, but BSC provides DEXs, lending services, and more. At the time of writing, BSC has a TVL $25 billion and $ 600 million of ADA are on BSC. 160 000 Cardano holders already use their precious ADA on the fast BSC network to trade and earn. There are two main reasons why these holders entrust BSC with their tokens. 1. Decentralized Finance of BSC * Earn more rewards than simply staking ADA by providing liquidity and lending ADA * Swap ADA to other cryptocurrencies via trust-less DEXs 2. It is easy to bridge ADA to BSC ## Requirements 1. MetaMask Wallet: [How to Set Up MetaMask Wallet?](https://cryptonews.com/guides/metamask-guide-how-to-set-up-metamask-wallet.htm) 2. MetaMask connected to BSC: [Connecting MetaMask to Binance Smart Chain](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain) 3. Display ADA in your MetaMask: [How to Add Tokens to MetaMask Wallet](https://cryptonews.com/guides/how-to-add-tokens-to-metamask.htm) * ADA on BSC Contract Address: [0x3ee2200efb3400fabb9aacf31297cbdd1d435d47](https://bscscan.com/token/0x3ee2200efb3400fabb9aacf31297cbdd1d435d47) ## Simplest Ways ### 1. From Binance to Wallet ![Binance](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MhEDBS4bSXEn6wT1T7l%2F-MhELG2sNpmmwyqSlUBB%2Fimage.png?alt=media\&token=fb3ffd0e-25be-4d32-b8d4-d7a0f96e59b3) Log into your [Binance](https://www.binance.com/) account. Find the 'Withdraw Crypto' interface (see image above) and enter the details. Select BSC for the Network and make sure you enter the correct address of your MetaMask wallet. Confirm the withdrawal and wait until it has been processed by Binance. Congratulations, you have bridged your ADA to BSC! ### 2. From Wallet to Wallet ![Binance Bridge](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MhEDBS4bSXEn6wT1T7l%2F-MhEOtFTL00P8xnXLevF%2Fimage.png?alt=media\&token=f12c2d24-1424-46fd-99ae-bde13834ee59) Access the [Binance Bridge](https://www.binance.org/en/bridge) webpage. Connect your MetaMask wallet. Select ADA and ADA Network to Binance Smart Chain Network (BEP20). Enter the amount, press next, and select '4. I will send tokens from my own wallet'. Then double-check the action and confirm it. Now the webpage prompts you to send ADA to an address. After you have deposited the ADA, Binance will automatically send you the ADA to your MetaMask. After roughly ten minutes your ADA will show up in your wallet. Congratulations, you have bridged your ADA to BSC! ## What now? There are countless ways to use your ADA on BSC - provide liquidity on PancakeSwap, lend on Venus and more. One of the easiest methods to earn more ADA is the AutoStaking product of Feeder Finance. You simply have to access , select ADA and deposit them. Voilà! ![Invest Tab of Feeder Finance](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MhEDBS4bSXEn6wT1T7l%2F-MhETW_PxygP5kjIP78L%2Fimage.png?alt=media\&token=b1e860c6-ec72-41dc-b3c1-7ddc3c59b36c) ## Need help? The Feeder Finance team always welcomes newcomers. If you experience any problems, don't hesitate to ask for help:\ Community Telegram: \ Official Discord: [https://discord.gg/e3uvPRJM](https://discord.gg/dfDB7vHNT2) # How to Bridge from BSC to FTM ### Step 1: Use an EVM-Compatible Wallet to Connect to FTM The Gold Standard crypto EVM-Compatible Wallet is [MetaMask](https://metamask.io/); if you're already using it to navigate through BSC, things will be easy for you. If you're using TrustWallet, we recommend you also set-up a MetaMask wallet. MetaMask provides the most seamless multichain experience. TrustWallet's seed phrase can be imported into MetaMask, so you can **run both wallets simultaneously**. Check-out the "How to Switch from Trust Wallet to MetaMask" tutorial below. {% content-ref url="/pages/-Mdxmz9BUN1pvFMUYGvx" %} [How to Switch From Trust Wallet to MetaMask](/for-beginners/switch-from-trust-wallet-to-metamask) {% endcontent-ref %} ### Step 2: Add Fantom Opera to Your MetaMask There are two ways to do this, **manually** or **automatically** with Feeder Finance. **Manually** 1. Click the 'Network' icon at the top of your MetaMask network selection ![Select 'Custom RPC'](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FwdjcILuric6QPf3JZW3g%2Fimage.png?alt=media\&token=8efebb0b-b4fd-4d30-a33f-65c706128d19) 1. Click on 'Custom RPC' 2. Fill in the Fields as follow * **Network Name:** Fantom Opera * **New RPC URL:** * **ChainID**: 250 * **Symbol**: FTM * **Block Explorer URL**: **Automatically with Feeder Finance** 1. Visit , connect your wallet, and select any of the FTM products 2. You'll be prompted to 'Switch to Fantom' and once clicked, MetaMask will ask you whether you want to allow Feeder Finance to add the FTM network to your Metamask 3. Click 'Approve' and you're set ![How to Add Fantom Network to MetaMask](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FT9x3LxxDaeMFYfwm96Sm%2FHow%20to%20Add%20Fantom%20Network%20to%20Metamask.PNG?alt=media\&token=4b452a13-6b3b-4b39-abe9-85b8d4aaf623) ### Step 3: Prepare FTM Gas Just like on BSC, you'll need to have some gas to be able to execute transactions of the FTM network, whereas on BSC it's the $BNB; on Fantom, it's $FTM. You'll need to have FTM in your Metamask wallet on the FTM network. Again, there are two ways to do this, by withdrawing from a centralized exchange (e.g Binance) or by claiming **free FTM from the Feeder Finance platform**. #### **1. Withdraw FTM from Binance** 1. Use your Binance or any other CEX account to buy FTM in the spot market (Tip: make sure the exchange supports withdrawals to the Fantom blockchain) 2. Withdraw FTM straight to your wallet on FTM, or if you're using the Binance continue with 3. 3. Withdraw your FTM first to your wallet on the Ethereum network (ERC20) ![How to Withdraw FTM from Binance](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FWeL0q5VcUkCa14fx3cDA%2FHow%20to%20Withdraw%20FTM%20from%20Binance.PNG?alt=media\&token=b596d0b7-6e57-4a19-b2ca-26a266650203) 4\. Use [MultiChain ](https://multichain.xyz/swap)to bridge FTM from Ethereum to Fantom Opera ![How to Bridge FTM from Ethereum](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2Fl35DiIfgKIMVzan9xZY0%2FHow%20to%20Bridge%20FTM%20from%20Ethereum.PNG?alt=media\&token=afa5c48f-31ff-4530-97f1-a5cc53782a43) #### **2. Claim FTM if You're a Feeder Finance Product User** Note: If you're an investor in the Feeder Finance products and have more than $1,000 deposited, you'll be able to claim 0.5 FTM. ### Step 4: Use the AnySwap Bridge Now that your FTM gas is ready, time to bridge your tokens over from BSC to FTM. 1. Make sure you are connected to the BSC network with your MetaMask wallet 2. Head over to [AnySwap Bridge](https://anyswap.exchange/#/bridge) 3. Select 'BSC mainnet' at the 'From' section's right drop-down ![How to Bridge from BSC to FTM - Select Network 'From'](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FPXBicGRIKOYAvJEFowPD%2FHow%20to%20Bridge%20from%20BSC%20to%20FTM.PNG?alt=media\&token=fd1f141e-1edb-473d-8889-131707d3a1ec) 4\. Search and Select the asset you wish to bridge over at the 'From' section's left drop-down ![How to Bridge from BSC to FTM - Select Asset to Bridge](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F33ghYqiSfBfTeG9qknaI%2FHow%20to%20Bridge%20from%20BSC%20to%20FTM%202.PNG?alt=media\&token=bcbbb679-d541-44c0-a315-f2a4e3e38de5) 5\. Input the amount you wish to bridge over and hit 'Swap' and confirm the transaction ![How to Bridge from BSC to FTM -Click 'Swap' to Bridge](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FQAs4v08GdHjS3Y157VhC%2FHow%20to%20Bridge%20from%20BSC%20to%20FTM%203.PNG?alt=media\&token=a9610caf-0083-4e78-a39e-938d73b590df) It may take 10-30 minutes for assets to be bridged but once done, please head over to and input your wallet address to check that the asset has arrived in your wallet. Suppose you're unfamiliar with how to read and use Blockchain Explorers. Please visit our "How to Read the Block Explorer' tutorial below: {% content-ref url="/pages/-MaTdqdS8jTSrIRIsxyJ" %} [How to Read the Block Explorer](/for-beginners/learn-to-read-the-block-explorer) {% endcontent-ref %} # How to Bridge from BSC to AVAX ### Step 1: Use an EVM-Compatible Wallet to Connect to FTM The Gold Standard crypto EVM-Compatible Wallet is [MetaMask](https://metamask.io/); if you're already using it to navigate through BSC, things will be easy for you. If you're using TrustWallet, we recommend you also set-up a MetaMask wallet. MetaMask provides the most seamless multichain experience. TrustWallet's seed phrase can be imported into MetaMask, so you can **run both wallets simultaneously**. Check-out the "How to Switch from Trust Wallet to MetaMask" tutorial below. {% content-ref url="/pages/-Mdxmz9BUN1pvFMUYGvx" %} [How to Switch From Trust Wallet to MetaMask](/for-beginners/switch-from-trust-wallet-to-metamask) {% endcontent-ref %} ### Step 2: Add Avalanche to Your MetaMask There are two ways to do this, **manually** or **automatically** with Feeder Finance. **Manually** 1. Click the 'Network' icon at the top of your MetaMask network selection ![Select 'Custom RPC'](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FwdjcILuric6QPf3JZW3g%2Fimage.png?alt=media\&token=8efebb0b-b4fd-4d30-a33f-65c706128d19) 1. Click on 'Custom RPC' 2. Fill in the Fields as follow * **Network Name**: Avalanche Network * **New RPC URL**: * **ChainID**: 43114 * **Symbol**: AVAX * **Explorer**: **Automatically with Feeder Finance** 1. Visit , connect your wallet, and select any of the AVAX products 2. You'll be prompted to 'Switch to Avalanche' and once clicked, MetaMask will ask you whether you want to allow Feeder Finance to add the FTM network to your Metamask 3. Click 'Approve' and you're set ![Adding AVAX to Your MetaMask](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FXZGP9SRHuUyLGBHbVA5d%2FHow%20to%20Bridge%20BSC%20to%20AVAX.jpg?alt=media\&token=b0685c28-5371-4709-aced-6663011b557b) ### Step 3: Prepare AVAX Gas & Bridging Tokens Just like on BSC, you'll need to have some gas to be able to execute transactions of the **AVAX** network, whereas on BSC it's the $BNB; on Avalanche, it's $AVAX. You'll need to have AVAX in your Metamask wallet on the AVAX network. You could either get it from an Exchange, or by bridging. #### **1. Withdraw AVAX from Binance** 1. Use your Binance or any other CEX account to buy AVAX in the spot market (Tip: make sure the exchange supports withdrawals to the AVAX blockchain) 2. Withdraw AVAX straight to your wallet on AVAX ![How to Bridge AVAX with Binance](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2FUDzaiKFdDyPgeJNpXFGa%2FHow%20to%20Bridge%20BSC%20to%20AVAX%203.jpg?alt=media\&token=0f55ea33-eeb8-44d2-be88-6b49e4c05a7f) 2\. Use [MultiChain ](https://app.multichain.org/#/router)to bridge AVAX from BSC to AVAX 1. Select the network you currently are connected to at the top (Binance Smart Chain) 2. Select the destination at the bottom (Avalanche) 3. Select the token, the amount of AVAX you want to bridge, and you're set! ![How to Bridge AVAX from BSC to AVAX](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F9pme2mlnVtvxo8wMqltc%2FHow%20to%20Bridge%20BSC%20to%20AVAX%202.jpg?alt=media\&token=1db994f6-b1ba-44ab-956d-56d30ac45d6a) Now that your AVAX gas is ready, time to bridge your tokens other tokens over from BSC to AVAX to start your ***Multichain Defi Journey*** Suppose you're unfamiliar with how to read and use Blockchain Explorers. Please visit our "How to Read the Block Explorer' tutorial below: {% content-ref url="/pages/-MaTdqdS8jTSrIRIsxyJ" %} [How to Read the Block Explorer](/for-beginners/learn-to-read-the-block-explorer) {% endcontent-ref %} # APR vs APY What are the difference between APR and APY ### **What are they and what is the difference?** APR and APY both represent an ***annualized*** return for the investor. They are both based on a recently generated return that is assumed to continue and hold constant for a year. The result, therefore, is an annualized rate of return given the ***current*** rate of return. So, what is the difference between APR and APY? It comes down to one thing: **Compounding**. APR assumes that any returns generated would be kept separate and idle, whereas APY assumes those returns are then put back to work and starts earning. The process of putting the returns back into the investment machine is what's known as "compounding". See the following table to visualize the difference: ![Data by American Express: APY vs. APR](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYOJi0paschHKe-LQlk%2Fuploads%2F7X8ybzWmDpWndTrHH8Gd%2Fimage.png?alt=media\&token=e36cf4c0-7559-4928-9aec-66e299e2495e) *Formula: (1+(r/365))^365-1 = APY* ### **How does Feeder Finance calculate its APY figures?** * Most products on Feeder uses *current* reward distribution that is compounded to annualize into a daily compounded APY. * AutoFarming products also have a "Trading Fee" component which is calculated based on a historical average APR. {% hint style="success" %} Please note that Trading Fee APR is not reflected by the growth of LP tokens, but the ***value*** of the LP token itself. To illustrate, let's say a single BUSD-BNB LP token has 1 BNB (worth $600) and 600 BUSD as the underlying asset, therefore it is worth $1,200 per LP ($600 + $600). When someone swaps on exchanges, they pay a fee, and those fees are distributed to liquidity providers (represented by LP tokens). Say someone paid $600 in fees and your single LP token represents 10% of the pool, you'd immediately get $60 (10% \* $100; split in half between BNB and BUSD) added to your underlying asset. Now your LP is worth $1,260, rather than $1,200; 1.05 BNB and 630 BUSD. Keep in mind that this assumes both BUSD and BNB prices are constant. ***So again, Trading APR increases the value, not the quantity of your LP.*** {% endhint %} * In some cases, where the target does not require Feeder to auto-compound, such as ACS, Feeder displays a historical average APY. Depending on the target, the length of the historical average can vary. *The APY figure on the DApp gets updated every 15 to 30 minutes.* ### **What affects changes to APY?** It is important to note that APY is dynamic and changes (up or down) at all times; the following are key drivers behind the changes: **The price of the reward token getting compounded back into the deposited balance**, for example: * Were CAKE token price to rise significantly, so would the APY for CAKE related products; the same effects in reverse would take place if CAKE token price were to fall **Changes to endpoint APR due to other investors interacting with the contracts**, for example: * Lending Pools: As more lenders supply to benefit from high APR, utilization rate drops, and so does APR on the endpoint and APY on Feeder * Swap Pools/PCS Farms: Depending on how active swapping is or how volatile the market is, trading fees are a sizable portion of the APR that goes into various products # FAQ Frequently asked questions from our beloved users ### When did Farming Start? * **Farming:** Saturday May 1, 2021 at [Block 7023000](https://bscscan.com/block/countdown/7023000) * **Staking:** Week of May 10th ### Are tokens time-locked? Yes. Currently team, marketing, dev tokens, and liquidity LP tokens are time-locked. Please refer to the below: * The liquidity has been sent to timelock contract (0x9348312B593B7946b3e8feC7b76f84e53433FA7A) which will be locked for one year from now and release at Block#17437094. * Verified transaction from Treasury to Timelock Contract - ### How was the IDO done? The IDO was a fair launch. There was no pre-sale. The founders team put up 20BNB of their own capital to provide liquidity; essentially pricing the IDO at $0.002 per FEED. Those LPs have since been time**-**locked for 1 year. ### **Was the IDO underpriced?** We have indeed underestimated what people think the project is worth. At the time of writing, our token is trading at \~$0.20. Although were we to value the project at $10MM(?) fully diluted and put up the required BNB, there is no saying whether the market agrees and our capital for liquidity is essentially time-locked for a year. We think the way we've done it was relatively fair. We've allowed the market to price it. 24 hours after the IDO, have a very nice distribution of top holders holding no more than 300,000 tokens, out of the total 5,000,000 provided. We think it went well. ### **Official Audits?** We have received an audit from CertiK and will receive an audit from PeckShield for the first vault product. Please see Audit section below {% content-ref url="/pages/-Md1waa1lVvOdzjJ3V-v" %} [Audits](/security-and-contracts/audits) {% endcontent-ref %} ### **FEED Tokenomics Explanation?** FEED Tokenomics is driven by **THREE value drivers** but all derived from **ONE source of value,** namely **Total Value Locked ("TVL").** ![Photo by Guillaume Hankenne from Pexels](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-M_-1H87QNdlLI1bm12H%2F-M_-8JqkzuBJSZZ1Ve_B%2Fpexels-guillaume-hankenne-2797452.jpg?alt=media\&token=943474ec-1a6c-4d29-8ea4-842581efd983) Visualize the above waterfall as the flow of CAPITAL, rather than water. At the source, on the very top, is TVL. That is what is driving how much each of the steps down below will receive in value, in other words, **RETURN ON CAPITAL.** The following is how those returns are generated from the constant flow of TVL: **Value I: Entry Fee** Fees collected from the entry fee will be managed by *the governance* body to direct funds once the governance system has been implemented post-core product launches. **How does this drive value?** The funds can be used in many different ways to create price demands from regular market buying to support price, pay-back to holders as rewards, be used for community-led marketing programs like airdrops, act as insurance to make sure investors' funds are protected during in unforeseen scenarios, and so much more. The larger the funds, the greater the potential for returns on such funds, at the same time lower risk which in itself, is a marketing tool. *Much like how companies' equity value has a cash component that adds to its value, the treasury wallet will act as such to drive FEED market cap.* **Value II: Exit Fee** Exit fees goes to the *engine room* of project, the developers. **How does this drive value?** A strong developer team allows Feeder Finance to 1) launch products at a pace that allows it to capture market unmet needs and be the first mover (speed is key - and DeFi moves *extremely* fast), improve existing products to constantly enhance user experience, swiftly solve any issues faced without delay. *Much like how Alphabet, Facebook, or Tesla can demand a massive valuation premium to the market, they are given this premium by investors for one thing and one thing only: **GROWTH;** and this is why strong dev team leads to a strong growth value driver.* **Value Driver III: Profit Sharing** Profit sharing gets divided into two pieces, and I'll start with the simpler piece: **How does capital inside Treasury Wallet drive value?** On top of governance-managed funds, Feeder Finance team will also maintain a marketing and insurance fund that will be used for similar purposes, they may focus more on marketing as funds can be deployed much quicker with less bureaucracy of a governance funds that require voting and voting periods. Partnership decisions can be made, exchange listings can be funded, and KOLs can be engaged. *Much like how small private companies can grow their business much faster than large, this is due to flexibility and speed.* **How does profit sharing with token holders drive value?** \ As investors in our platform receive a return on their investment, they pay a 5% profit share, a portion of the profit share (70%) will be distributed back to FEED token holders, through staking rewards. This is perhaps one of the most important value driver in finance when trying to value any project or company. How much and how fast is the rate of capital that investors have invested will be returned to them, look up "IRR". They could be either in a form of capital gains, but what's far more predictable and appreciated, are dividends or free cash flows to investors. This is exactly what this is, a dividend of sorts. Predictable rewards based on TVL also allows prudent long-term and savvy investors to run their own analysis of valuation and, based on their required return on capital, value the token price relative to TVL. Using certain assumptions that may or may not come true of course. Why do we think this piece is super important? In a bear market, capital within the ecosystem largely does not leave, it moves around. And it typically moves into more stable currencies like USDT or BUSD which generates lower return but is more "stable". In a bear market where prices of tokens decline, capital will find its way to the best place to sit and wait. And we think Feeder Finance will be among the places to do that. Therefore, as speculative waves turn, our token price, instead of becoming less valuable intrinsically, will be become more, as TVL grows. *Much like how stable large companies with strong and predicable dividends perform well and are less subject to market swings* **Note!** **The above does not capture many more factors that are secondary such as speculative appetite of investors, the feedback loop of success leading to more partnerships leading to more exposure leading to more confidence leading to more TVL, and so on and so forth. It only captures what we see as the core value that the Tokenomics is structured to drive Token price.** *Final Disclaimer: There are some regulatory issue with this approach. That's also the reason the founders are anon. At the moment that's not an issue but once we become large enough, it could be. And there are always workarounds. We'll put all significant decisions such as changes to the Tokenomics structure to a vote, ultimately, Feeders are true owners of Feeder Finance.* ### Are Feeder Finance Vaults Safe? Is the Team up-to-date on security issues? *We observe every exploit that happens in crypto.* Our vaults can't get flash loan exploited. An address can only perform one transaction per block with our vaults; flash loans require multiple transaction. The security standard of our smart contracts is extremely high since we 1) don't use any oracles, 2) don't issue reward tokens, and 3) because of the simplicity and flash loan protection. The audit by PeckShield took one month, and we have resolved every issue. We are growing an insurance fund but we can't guarantee the security of the target vaults even though we only choose high quality ones. Our Auto Diversify product is a great choice when you want to have a simple and diversified experience. ### What is sFEED? Contract address: * 0xEb9902A19Fa1286c8832bF44e9B18E89f682f614 * [View on BscScan](https://bscscan.com/address/0xEb9902A19Fa1286c8832bF44e9B18E89f682f614) By staking FEED on Feeder Finance, you receive sFEED. sFEED is the key to unlock your staked FEED + rewards. #### Why don't I get more sFEED when I receive staking rewards? You can compare sFEED to a treasure chest. The treasure includes your initially staked FEED + rewards. You don't get more chests by receiving rewards, but the treasure chest becomes heavier. sFEED becomes more valuable the more staking rewards the platform has distributed. Here is a more mathematical approach for users who find the metaphor challenging to understand. At the beginning of the staking pool 1 sFEED = 1 FEED. However, since the release, the staking pool will start to accumulate rewards. This process makes sFEED more valuable. As of the time of writing 1 sFEED = 1.0387 FEED. #### Why have I received less sFEED than staked FEED? sFEED becomes more valuable with time. The more staking rewards the platform has distributed, the more staking rewards one sFEED represents. Even though you have received less sFEED than staked FEED it still represents your deposit + rewards. #### **When I withdraw my FEED from staking, will I lose my sFEED?** Yes, if you would keep your sFEED, then the system would be flawed. sFEED is the key to unlocking your staked FEED + rewards. It wouldn't make much sense to keep the key after having opened the funds. *Useful resources* * [How to Buy FEED](https://docs.feeder.finance/how-to-guides/how-to-buy-usdfeed) * [How to Stake FEED](https://docs.feeder.finance/how-to-guides/how-to-stake-usdfeed) ### **What does TVL on each target platform mean?** ![](https://477838308-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYOJi0paschHKe-LQlk%2F-MeKtB4h-3Imln3AMbqF%2F-MeOv3Tx99VJsoeYbD-D%2FFF%20Docs.PNG?alt=media\&token=e02f019f-a7b1-4694-a8ad-69b3593e1f42) The TVL data is showing ***target TVL*** rather than our vault TVL. This gives users a better decision making too about which target they'd like to deposit to. The UI may change over time and things will get clearer ### What happens are 100 million token has been distributed and max supply is reached? The tokenomics and distribution schedule was carefully designed to allow the project to develop and grow towards a sustainable level of fee generation. Approximately 12 months after our launch the team estimate that the platform will generate sizable fees to justify a reasonable APY for stakers. A fee that grows over time as users and platform functionalities and utilities grow. To break it down, once token minting has stopped at 100 million total supply, the only source of APY for stakers will be platform fees. Platform fees are used to buyback FEED in the open-market and to distributed per set distribution split. 0.1% of entry fees going to the governance treasury 0.1% of exit fees to the developer wallet 5% profit sharing split two ways * 3.5% to the staking pool * 1.5% to developer wallet Essentially FEED stakers are owners of the platform and are entitled to a fair share of the platform fee. ### Why Are Fees Going to Developer Wallets? The Developer Wallet is used for development and maintenance purposes. These are things like: * **Development expenses** such as smart-contract deployment gas fees, IT infrastructures, developer compensations * **Maintenance expenses** such as product compounding gas fees (hundreds of products are compounded every day, and the developer wallet is responsible for this cost on behalf of depositors), servers, nodes, and other backend systems * Business Development and Security such as reserves for any unforeseen events, partners, advisors, among other things Note: *The founders have not been compensated for their effort through the developer wallet since the launch of the project. Founder allocation (15%) has been locked for one-year and unlocked tokens have been staked, not a single token has been sold.* # We're Hiring! **Are you a developer familiar with the Blockchain industry? Are you curious and looking for new experiences? Join Feeder Finance and help us develop and grow, join our team!** ### **Job Description** We are looking for a **JavaScript** developer who is proficient with **React.js**. Your primary focus will be on developing user **interface components** and implementing them following well-known React.js workflows (such as **Flux** or **Redux**). You will ensure that these components and the overall application are robust and easy to maintain. You will coordinate with the rest of the team working on different layers of the infrastructure. Therefore, a commitment to collaborative problem solving, sophisticated design, and quality product is important. **Responsibilities** * Developing new user-facing features using React.js * Building reusable components and front-end libraries for future use * Translating designs and wireframes into high quality code * Optimizing components for maximum performance across a vast array of web-capable devices and browsers **Skills** * Strong proficiency in JavaScript, including DOM manipulation and the JavaScript object model * Thorough understanding of React.js and its core principles * Experience with popular React.js workflows (such as Flux or Redux) * Familiarity with newer specifications of EcmaScript and Typescript * Experience with data structure libraries (e.g., Immutable.js) * Knowledge of isomorphic React is a plus * Familiarity with RESTful APIs * Knowledge of modern authorization mechanisms, such as JSON Web Token * Familiarity with modern front-end build pipelines and tools * Experience with common front-end development tools such as Babel, Webpack, NPM, etc. * Ability to understand business requirements and translate them into technical requirements * A knack for benchmarking and optimization * Familiarity with code versioning tools Git * Additional skills and knowledge related to how to interact with smart contracts and web3 **Compensation** * Attractive compensation paid in $FEED at between US$2,000 to US$3,000 per month * *1-week trial period required* **Please contact Telegram: @FeederFinance\_Jimmy and send us your background.** # Terms & Disclaimer **Disclaimer** Your use of the **Feeder Finance platform** involves various risks, including, but not limited to, losses while digital assets are being deposited to the Feeder Finance platform and losses due to the fluctuation of prices of tokens in a trading pair, liquidity pool, and or vault strategies. Before using the Feeder Finance platform, you should review the relevant documentation to make sure you understand how the Feeder Finance platform works. **Terms of Use** We believe that time is the true test for the security of a smart contract. However please exercise caution, and make your own determination of security and suitability before using Feeder Finance's services. No developer or entity involved in creating the Feeder Finance platform will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of Feeder Finance, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value. You are responsible for maintaining adequate security and control of any and all access to your account funds. You are solely responsible for the activities of anyone accessing Feeder Finance services using credentials, even if you did not authorize the activities. *No Professional Advice:* All information provided by the Interface is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained in the Interface. Before you make any financial, legal, or other decisions involving the Interface, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate. **Gas Costs** The gas usage of the protocol functions may fluctuate by market and user. External calls, such as to underlying BEP20 tokens, may use an arbitrary amount of gas. Feeder Finance products simplify what would manually be multiple individual transactions into one single user action. While the process has been simplified, the gas fees are at current market conditions and are reflected by each underlying individual transaction performed for the user by the Feeder Finance smart contract.