sFEED is a receipt token for FEED deposited into the staking pool. It is automatically placed in your wallet during the staking transaction.
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.
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.
This is the contract address for sFEED which you can add as custom token for your wallet:
DO NOT sell your sFEED, you will lose your FEED token in the staking pool.
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:
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:
Tier 0 - Feeder
Tier 1 - Feeder Gold
50,000 - 99,999
Tier 2 - Feeder Platinum
100,000 - 199,000
Tier 3 - Feeder Diamond
200,000 - 499,000
Tier 4 - Feeder Master
500,000 - 999,999
Tier 5 - Feeder Grand Master
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.
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 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.
Get sFEED by swapping FEED for sFEED on SpookySwap here (Analytics)