Feeder Finance Mid-Week Update – Jan 13, 2022

TL;DR

  • Know you guys are eagerly waiting for the roadmap.  We’ll be making sure it’s a fascinating one, especially by including some of the lending feature teases and infographics in there…You never know; there might actually be a surprise.
  • Released new sFEED staking ranking and historical ranking and balance.  By our calculation, we’ve likely ‘locked up’ at least 4.5% of supply just by the first week of sFEED launch.  sFEED has become a subscription business!
  • The only hurdle for us when it comes to the Lending launch is getting the UI perfectly right.  This means making it simple to understand and fun to use.  This will soon be one of the most heavily used and exciting products, that also supports many other pieces on the platform. We want to make sure it’s 🔥🔥🔥
  • We’ve begun deploying vaults on the new chain and will ramp it up over the next few days.  You’ll likely be seeing us launch on a new chain within days and so something exciting to look forward to as we keep brewing lending and roadmap!
  • Multichain integration will complete in the next several weeks and opens up an opportunity to expand our addressable market by magnitudes.  Combined with sFEED utility, that will be powerful.

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Roadmap Release

Know you guys are eagerly waiting for this.  We’ll be making sure it’s a fascinating one, especially by including some of the lending feature teases and infographics in there.  

The roadmap is not only meant to outline for you what to expect but will also serve as our materials for informing new users and KOLs on what we’re doing and will be doing.  It will be spread around quite a bit, so we want to make sure it’s worth sharingYou never know; there might actually be a surprise.

Development Update

Additional Staking Page Data: Ranking!

Feeder Finance Staking Ranking

Released new sFEED staking ranking and historical ranking and balance.  By our calculation, we’ve likely ‘locked up’ at least 4.5% of supply just by the first week of sFEED launch.  sFEED has become a subscription business!

sFEED has proven to be a powerful addition for us as our features get built, and more FEED gets locked by users needed to hold it for its utility.  At current pricing, 1,000 users unlocking features to the top feature means 14 mil FEED is locked.  That’s ~30% of the total supply with only a thousand users. 

There were questions about the pricing changes as FEED token price changes.  There will be adjustments, but it can’t happen every day.  Who knows…sFEED holders might be setting the price themselves soon…hmm…

Remember this where you can find out all you need about sFEED: https://docs.feeder.finance/sfeed-ecosystem

Feeder P2P Lending Revolution

The only hurdle for us when it comes to the Lending launch is getting the UI perfectly right.  This means making it simple to understand and fun to use.  This will soon be one of the most heavily used and exciting products, that also supports many other pieces on the platform. We want to make sure it’s 🔥🔥🔥

There were discussions and debates as to what lending really does.  We’ve spoken about it multiple times in the podcast.  Instead of writing it here, please tune into our Next week’s audio as DJ and Patrick discussion what the lending platform does, what is possible, and the new game-changing implication that  we would essentially add for our vault users.  Thanks Vinh!

Vaults

Feeder Finance Vaults

We’ve begun deploying vaults on the new chain and will ramp it up over the next few days.  You’ll likely be seeing us launch on a new chain within days and so something exciting to look forward to as we keep brewing lending and roadmap!

Investment Historical Balance

You can now view each of your investment balances grows over time through the ‘Performance’ link in the Portfolio. 

This is only the first of multiple additions coming to the Portfolio.  We’ll be adding aggregated data for the entire portfolio and then aggregated across chains.  The Portfolio will keep improving as we go as it is the center for the Feeder Finance vault utility.

Multichain Bridge Partnership

Feeder Finance x Multichain

Multichain integration will complete in the next several weeks and opens up an opportunity to expand our addressable market by magnitudes.  Combined with sFEED utility, that will be powerful.

As we expand to more chains, we’ll want to make sure Feeders and sFEED holders can experience the platform wherever they are.  Multichain is the leader in the space, and our integration of FEED and sFEED will be complete within the next few weeks.

Combining the possibilities with the sFEED structure, expanding our addressable market to more and more chains mean significantly more demand for users to hold sFEED for its utility and returns.  There will only be 100 million tokens out there.  The math is simple, to fully unlock all features, you need 13,750 sFEED today; more advanced features that are coming will require even more sFEED.  sFEED will be pretty hard to come by sooner rather than later when we can realize our goals.

About Multichain

Multichain is now the leader in the cross-chain field, with a rapidly expanding family of chains (currently 26) and daily volumes well in excess of $100 million.  Its sustained daily volume of more than $100 million, its Total Value Locked in excess of $5 billion and its thousands of daily users are testament to its popularity and security.

Other Minor Updates

  • Added NOK currency
  • Some copy and UI edits
  • Link to Product Page from Portfolio
  • Network Switch/Dropdown

Time stamp:  Week 37 of Feeder Finance