π°FEG Staking
Unparalleled Passive Income Possibilities
FEG Staking is a protocol that allows FEG token holders to stake their tokens and earn rewards from the entire FEG ecosystem. It's a simple concept with the potential for significant gains over time.
Features of staking contract
Zero fees
No deposit or withdrawal fees for staking your FEG
No lock-in periods
FEG allows you to stake and unstake at anytime
Automatic compounding
Your rewards get auto distributed & compounded
Upgradeable
The contract requires no action from users when staking contract gets upgraded
Staking rewards sources
One of the standout features of SmartDeFi Staking Protocol for FEG is that stakers can reap the rewards from FEG and ALL projects utilizing the SmartDeFi staking protocol. This unique advantage opens doors to diverse income streams, generating rewards from many projects launched via the SmartDeFi Launchpad. Currently, FEG rewards are only derived from FEG's on-chain trading activities, as the ecosystem is not entirely online; its components will launch in stages in the coming months.
FEG Tokens: Generated through FEG Tokenomics Taxes - LIVE
wBNB/wETH: Collected from FTW & Aggregator fees - Pending
SmartDeFi tokens: Earned from all projects that use SmartDeFi's staking protocol - Pending
Various Tokens: tokens from projects that allocate a specific supply for staking - Pending
What is FSS
After staking, your FEG tokens will be deposited into the staking contract, and in return, you will get something called FEG SD Stake Shares (FSS). These shares represent your ownership in the staking pool. Think of FSS as a receipt from the system to confirm you have staked successfully. You will need to show this receipt to the system so it can let you unstake.
FSS is not a 1:1 ratio
FSS updates who each earned FEG
Total FSS / Total SD = Ratio
It is impossible to transfer FSS to another wallet
π ETH FEG SD Stake: 0x06fdbEEc1420B42B8A4ef74a09548484eA87d650 π BSC FEG SD Stake: 0x938eE3387f31eF7160a83286dFD4C3b317B56351
Non-FEG Rewards
Non-FEG rewards refer to wBNB/wETH rewards from FTW/Aggregator and various SD tokens from every siartDeFi project that will launch and activate their staking system. You could end up with tokens from hundreds or thousands of different SmartDeFi projects, whose value could very well skyrocket in the coming years, depending on their popularity.
Rewards distribution Non-FEG rewards are doled out in rounds and subject to a certain accumulation threshold. Developers can modify the accumulation threshold for rewards, which may differ for each type of reward. For example, if 1 wBNB is the threshold, rewards disburse when the reward pool accumulates 1 wBNB.
Claiming triggers Non-FEG rewards can be claimed in three ways: - Staking and Unstaking any amount of FEG - Using the "Claim Reward" option - Using the "Claim All" option
Unstaking or adding to staking within the first 30 days after your initial staking will result in a 50% loss of your non-FEG rewards. The forfeited rewards will then be distributed among other stakeholders.
Optional FEG "Sacrifice"
The sacrifice feature was introduced in the new Staking contract per community request for those who wish to help with the burn efforts and decrease the circulating token supply.
Stakers can choose to voluntarily burn a specified percentage of their staked FEG when unstaking, thus essentially permanently removing these tokens from the circulating supply.
The percentage you set for sacrifice will apply to the exact amount of FEG tokens you choose to unstake at that moment. To activate this, you must specify the percentage to sacrifice and the amount to unstake.
At any point before unstaking, you can turn off the sacrifice by setting it to 0% in the Sacrifice settings.
Platform Expansion
Initial Platforms: Initially available on Ethereum and BNB Smart Chain.
Expansion Plans: The team plans to expand the sources of income for FEG stakers to receive rewards coming from more blockchains
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