FEG Token


Interest-free loans made simple.
Through SmartLending, any SmartDeFi token can be used as collateral to take out loans against its baseline value - without having to sell or burn the SmartDeFi token.
Upon taking the loan, the borrower instantly receives the baseline value for the tokens that were collateralized. The borrower then has 30 days to repay the loan without interest. If this lending period is too short and the loan cannot be repaid in time, the user may extend the lending period by another 30 days by burning 0.1% of their collateral. The loan defaults and the collateral is burnt without repayment or extension.
  • Because the collateralized tokens are held inside the smart contract and considered part of the circulating supply, they continue to accrue the asset-backing as they would in the investor's wallet. This enables SmartLending to be interest-free.
  • There are no profits in SmartLend. The APY is burned, and the repaid baseline value is returned to the backing pool of the respective SmartDeFi token.

What Does This Mean?

SmartLending means that you can now have access to your SmartDeFi token's baseline value without having to sell it. This is perfect for life emergencies or helping take advantage of buying into the launch of a new token without having to sell your assets. This means you have freedom and can treat your baseline value as a banked asset.

How Safe Is It?

SmartLend requires no oracles, as the price comes directly from the baseline value pulled from the smart contract. Furthermore, as SmartLend requires no third party, there is no room for external manipulation or exploits of the code.
SmartLend is the first lending protocol where the funds and data for ratio calculations are hosted inside the same place, making it the most secure lending protocol ever created.

Is there a tax for lending a SmartDeFi Token?

If a SmartDeFi ™ Token has a reflection tax, lending against it WILL cause that reflection tax to be deducted.

Why does the token not show in the wallet after a loan is taken?

The system holds the user's token in the Smart Contract as collateral while lending out the baseline value in BNB/ETH as a loan.

Do tokens inside SmartLend receive reflections (if the token is RFI)?

No, they do not. Once a token is used as collateral for a SmartLend loan, the SD tokens do not receive reflections while being held inside the Smart Contract. Once a user repays their loan in full, the token is given back to the user in their wallet (outside of the Smart Contract), and it will begin again to receive reflections (if the token is reflective (RFI).

How to Take a Loan with SmartLend

Step 1: Choose a token that you want to use for collateral

You can access the SmartTools tab at https://fegex.com/

Step 2: Choose the desired amount of the token to be given for the baseline value and note the "Loan Output" amount.

This is where the amount of BNB/ETH to be received in exchange for the collateralized token is shown.

Step 3: Click the "Loan" button and confirm the transaction in the wallet being used

Loans are immediately distributed in the form of the asset-backing token (e.g., BNB, ETH, USDC, etc.)
Note: Only one loan can be taken on a single token at a time, and the loan must be paid back in full to take another.

Extending and Repaying a SmartLend loan

Options under SmartLend Menu

After a loan is taken, two new menus appear under the SmartLend menu: "Extend" and "Repay."

Option 1: Extend a loan if it cannot be repaid within 30 days

Click on the "Extend" menu to be presented with information about an active loan, the options to extend or repay the loan will also be shown. The exact Time and Date of the loan expiration will be presented. The number of tokens provided as collateral will be displayed. The 0.1% fee for a 30-day extension will be shown. To agree and confirm the 30-day extension, click the "extend loan" button and confirm the transaction in the window that will appear in the used wallet. The fee will be deducted from the tokens used as collateral; in the given an example, the user would be left with 8991 tokens from the 9000 used as collateral.

Option 2: Repay the Loan

In the "Repay" menu, loan information such as the Expiration Date, Time, and Repayment Amount (the amount borrowed interest-free against collateralized tokens in BNB or ETH). "Repay Amount" will always be the same as the amount received when the loan was taken. Once ready to repay the loan, place the amount required and click the "REPAY LOAN" button. Confirm the wallet dialog for the transaction to process. Once repaid, users are immediately eligible to take out another loan for their baseline value.