πΌLiquidity Loan
On March 13th, 2023 FEG secured a loan for 200 ETH converted into BNB to replenish the FEGbsc liquidity pool for the new token contract post-migration.
Loan Details:
This loan will be paid back as 200 ETH (The form it was given in).
A flat fee of $50,000 USD in interest will be paid to the LP provider.
As of April 4, 2024, there have been 91.2 ETH repaid of the 200 ETH loan and $25,000 in interest.
Loan Repayment Contract:
A new contract has been established by the FEG (Feed Every Gorilla) team, setting out a plan for allocating 50% of FEG's liquidity, encompassing both FEGeth and FEGbsc tokens. Under this arrangement, the liquidity provider (LP) lender is granted the ability to claim a portion of this liquidity bi-weekly.
Key Features of the Contract:
Bi-Weekly Claims: The LP lender is authorized to claim up to 10% of the allocated 50% liquidity every two weeks from each chain (FEGeth & FEGbsc). - Note: BNB withdrawn from FEGbsc liquidity will be converted into ETH to maintain an accurate repayment count.
Strategic Liquidity Management: This phased claiming process is designed to provide sufficient time for the FEG token's price to potentially increase. The goal is to use less than the total allocated 50%, with the remaining liquidity eventually being returned to the FEG liquidity pool, thus preserving and stabilizing the overall liquidity.
LP Contract Implemented
The LP contract has now been fully audited and tested. The FEG developers have successfully implemented the contract and transferred a portion of the LP into it, as evident in the following transactions: - FEGbsc LP moved to Loan Contract:
Contract 1
https://bscscan.com/tx/0xbcd70a4e92518d83646fcd58753a76ddb0f8c333d4f6bd5400cd9697f6f676cc
Contract 2
https://bscscan.com/tx/0x970b49dedcefbd8e8f194bd3223c4572401c2d02a61c6322a4f977edbb3b24d0
- FEGeth LP moved to Loan Contract:
https://etherscan.io/tx/0x0c7a7916a0c12460dec959415d87ad273855c164e0149af8a5088cf1228ad976
Interest Repayment Transactions
April 3, 2024
25,000$
https://etherscan.io/tx/0x33fa125ac18283d9d7d6ff39070b106d753a4467a30889bfb04551baa864833a
https://bscscan.com/tx/0xfefb48093e81c7de21285f93b839f46155ef30bbbf5a1244695c9709c6812689
https://bscscan.com/tx/0x7898a88b172511079401bae4a94a25c69cc9a525d0df1007c882da5b7cd6a3d0
Addressing Thinning Liquidity: "Bonding" Liquidity Solution
In response to the potential thinning of liquidity due to these withdrawals, FEGrox has developed an innovative "bonding" contract. This contract allows users to contribute ETH or BNB, which will be paired with the unpaired FEG Tokens following the liquidity withdrawals by the lender.
Bonding Contract Details:
Duration: The bonds will have a term of one year.
Return on Bond: At the end of this period, users will receive back their "bonded" ETH or BNB, along with the equivalent amount of FEG tokens they contributed to the pair.
Risk Awareness: Participants should be aware of the possibility of impermanent loss, a common risk for all liquidity providers.
The "bonding" contract represents a strategic approach to bolster the liquidity pool and mitigate the effects of liquidity withdrawal by the lender. This approach not only aids in maintaining a healthy liquidity level but allows users to contribute to and benefit from the FEG ecosystem.
Further information regarding this "bonding" mechanism, including details about its testing and auditing, will be released in due course. This proactive measure demonstrates FEG's commitment to maintaining robust liquidity and a stable ecosystem for its users and investors.
Tokenomics
Tokenomics were adjusted to feed the project's needs, including raising the total tax to incorporate a Liquidity Injection tax that would help stabilize the liquidity during loan repayment.
ETH Loan & ETH to BNB Conversion Transactions
| 200 ETH sent from Lender | ETH to BNB Conversions |
|---|---|
How to calculate Tokenomics-driven Liquidity Injections
We made it so that the user can look at the blockchain and see the stored funds; as such, the funds gathered by the taxes for repayment of the loan are held directly inside the token contract.
The funds are stored inside the FEG contract as LP tokens.
BSC LP Contract Address:
https://bscscan.com/address/0xF53a1d602281B1ce2A92A1763364d2981269a72C
ETH LP Contract Address:
https://etherscan.io/address/0x60EF1e0Bf9218Cdc1769a43c4B0B111ed38BB418
To calculate how much BNB/ETH is gathered inside those LP tokens:
1. Hit the token drop-down button to view the total BNB or ETH amount in the LP contract
2. Click on Pancake LP (BSC) or Uniswap V2 (ETH) under "Token Tracker."
3. Click on the "Holders" tab
4. Locate the FEG contract address (0xbededDf2eF49E87037c4fb2cA34d1FF3D3992A11) which should be the #2 wallet holder
5. Scroll to the right and note the percentage the #2 wallet (FEG contract) holds
6. Multiply that percentage by the total BNB or ETH in the LP contract to find how much has been generated in Loan repayment.
Loan Repayment Transactions (before contract creation)
The first repayment of 20 ETH was done on May-08-2023. Details are as follows:
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