Feeder Finance Week of May 24, 2021 – Highlights

TL;DR

  • Our first product, Vaults Feed, is getting set to be Live tested on three tokens and our smart contract has been completed
  • We’ve reconnected with Certik to discuss our audit, CertiK Shield, and Skynet
  • Marketing preparation underway and meeting timeline expectations
  • Homepage makeover completed; DApp and fixes to be completed before product launch
  • We’ve been listed on CMC !
  • Three new publications (links down below)
  • New Meme TG channel
  • Feeder Finance Bot updated with Staking Buyback APY included !
  • New Mascot designer has begun drafting our design concept!

Weekly Highlights

Core Product Update

Jimmy has completed the smart contract:

  • We have the allocation and rebalancing functionality within three vaults running inside our Vaults Feed. 
  • All interactions with the vault by the user have been tested and are now bug free. 
  • Unit testing of all scenarios have been completed and the smart contract is working as intended.
  • We’re in the process of adding deposit functionality for three initial tokens to Live Test the vault internally.

Timeline Expectations:

  • End of May – Complete smart contract and complete unit testing (scenario tests)
  • Starting First Week of June – Launch on test net to study the smart contract execution, look for bugs, observe performance, and tweak if necessary.
  • Third Week of June
    • Look for community members with dev skills to join Jimmy in going over the smart contracts and testing to get a second opinion; ensuring safety, vulnerability, and execution.
    • CertiK starts auditing our contracts.  We’ll discuss further with them if they have comments to make requested adjustments.
  • June 31/July 1 – Product Launch

Auditor

We’ve gotten back in touch with CertiK to go over timelines for the audit as we’re approaching smart contract readiness, among other discussions (see below).  We’ll be scheduling calls to go over details further.

We’ve initiated discussions on CertiK Shield Insurance for our Vaults.  It will expand insurance coverage exponentially were our own insurance funds be used as premium on the CertiK Shield insurance.

We’re also looking to expand security by adding the CertiK Skynet option. 

Note: Both of these additions do require substantial funds and we will need some time to strategize our budget to begin working with these services.  We believe it’s best to start engaging in these discussions with Certik early.

Pre-Launch Marketing

Timeline

  • Week of June 3 – Week of June 10:
    • Preparation of materials and lineup of channels from influencers to media outlets
  • Week of June 7:
    • Teaser and influencers ready. If possible, end of the week marketing launch but aiming the week after at the latest
  • Week of June 14:
    • Marketing Launch 

The Plan

KOL Strategy:  Using our new website and first teaser to approach influencers

  • We’ll likely attract existing DeFi investors first as new holders of the FEED token but ultimately also as vault users.
  • We’ll start with less influential (lower economics required) and move on to the top tier after launch.
  • For this effort, we’ve asked the community for influencer/KOLs ideas that we could approach. We’ve already got some great suggestions so far, but we welcome more. Please do share when you can at the Feeder Finance Suggestions Group.
  1. Media:
  • Press Release – We are in contact with CoinTelegraph and will have a press release, together with a mainstream media outlet to add to the credibility
  • Sponsored Article – CoinTelegraph also has a Sponsored Article program which we believe will be necessary for Marketing. Last we checked, it takes five weeks to produce, and will likely come after the launch. That’s okay, since it will give the Vault another boost post-launch, and by then, it would also have some operating time behind it to give it more credibility

3. More: Teaser Video ideas we’re working on

  • [For DeFi Audience ] Product detailed walkthrough
  • [For Non-DeFi Audience] Platform teaser with real-world connect

Homepage Makeover

We’ve completed our homepage design makeover earlier in the week. While there are a couple of fixes pending, we’ll have all these edits done before the launch. Jimmy is currently finalizing the first vault product and will have more free time to work with our Front-End Dev on Front-End/DApp changes when the vault begins the Live testing process. The DApp will also be undergoing a makeover around this time.

Many suggestions for the DApp and our Homepage have come in since the launch of Feeder Finance. We have taken all suggestions and comments regarding such and have them written down. They will be implemented over time as we work through our priority list.

There’s great difficulty in finding solid and trustworthy Solidity developers. This has put quite a strain on poor Jimmy! We are looking for another solid Solidity Developer. We have received fantastic help from the community thus far, and we’d love any referrals or help you guys can offer! REACH OUT TO US!

CMC Listing

We’ve been listed on CMC, which is a HUGE milestone for us! Hopefully this launch will give us more credibility in the eyes of our potential investors for our product launch!   

We still have a CoinMarketCap Listing Giveaway  event on-going until to June 1, 12AM GMT+1 if you guys haven’t participated.

Publications

Community

  • Feeder Finance Meme Room – We’re planning a meme contest and will announce it after the CMC Giveaway is completed.  For now, we’ve added a new TG channel:  Feeder Finance Meme Room
  • Feeder Finance Bot – Added exact staking APY to include buybacks; note that it is an extension of the buybacks in the past, which is not a precise predictor of future APY stemming from buybacks.  The crypto crash last week was unique, and we’ve got far more than our typical share of withdrawal fees.  

Mascot

If you recall, we took your suggestions and comments for a mascot and decided to go with the Blue Jay! We went out to look for designers, and great ones are surprisingly hard to find, mainly because we needed one fast!

We shared the below with one of them:

What we got was…
A (meme-worthy) Pigeon:

We weren’t happy with this; and so we decided to take a referral from our Moderator Rafael. The artist he suggested is incredibly talented, and he’s generous enough to try to adjust his typical styling to shift his work towards what we needed! It’s still in the iteration stage, but so far, we like what we see; and a lot of the community seems to love it as well!

Nothing written here is financial advice.  Please DYOR.