FEG Gives Staking Update and Upgrades Website

The updated website educates users about its unique offerings. The protocol also updated users about staking and migration features.

FEG Announce Website Updates

Decentralized Finance (DeFi) platform, Feed Every Gorilla (FEG), has updated the website of its new product—Smart DeFi. As a result, the website now has valuable resources for users to understand its unique features. 

The Smart DeFi website now has important links for users interested in understanding the FEG reward systems, SmartDeFi product, and the FEGex exchange. FEG announced the changes on February 28 through Twitter

“New website update on SmartDeFi.com. We have added GitHub docs & links! Now investors can find documentation on FEG reward systems, SmartDeFi, and FEGex and follow easy step by step guides on listing!” FEG wrote on Twitter.

Frontpage of the SmartDeFi website | source

Lovers of the innovative DeFi platform can now explore the SmartDeFi website to understand its ecosystem better. SmartDeFi, according to the protocol, is an “all-in-one ecosystem,” boasting of a swap protocol, Peer-to-Peer (P2P) feature, rug-pull resistant $ROX token, rewards, and more. 

When FEG launched the website on January 27, the protocol disclosed that it is a means of educating users about what is coming to the DeFi space. The updated version of the website shows that the protocol is constantly looking for new ways to keep educating users at large. 

FEG Unveils Staking Update

Following the website improvement, the protocol’s Global Project Manager, RTRCrypto, updated users about the staking feature in a tweet thread. FEG published the manager’s report on Twitter after questions about liquidity migration and staking were asked by users. 

“Announcement from @RTRcrypto (Thread). I’ve been receiving quite a few questions about the liquidity migration and staking so let me clear a few things: FEGrox is working on a new Pro-Pair contract for all tokens to launch on and previous tokens to migrate to,” FEG official Twitter account wrote on February 28. 

As disclosed in the manager’s statement, the lead blockchain developer of the FEG ecosystem, FEGrox, is developing a new Pro-Pair contract. Once completed, FEG would create the FEGeth/USDC contract and migrate the liquidity to balance FEGex and Uniswap. 

As per staking, the protocol would launch the FEGstaking V3 contract after FEGrox completes the Pro-Pair contract. When it goes live, users will not burn their FEG tokens to migrate from V2 to V3. All users must do is stake their FSS tokens into V3 if they hold them or stake FEG directly. 

Read the protocol’s tweet thread for detailed information about the staking and migration features. 

What is Feed Every Gorilla?‍

FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum blockchain and the Binance Smart Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillion on both the aforementioned chains, that also includes an inaccessible burn wallet. A 2% transaction tax is distributed among all holders based on the percentage of ownership, including the burn wallet which acts as a holder that collects tokens over a period in which transactions occur. The team are keen to stress that there is no burn limit, and with this being the case users will get to enjoy a ‘never-ending cycle of passive income with positive price pressure’

Where to Find FEG:

Website | Twitter | Telegram | 

Source : bsc.news

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