Feeder Finance Weekly Update – Jan 16, 2022

TL;DR

  • We’re planning to release the roadmap once the UI/UX for P2P Lending is completed.  This would make explaining and creating awareness much more effective.  Our goal for designs and development will be next week, and the roadmap should come shortly after.
  • 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 the sFEED launch.  sFEED has become a subscription business!
  • The only missing step regarding the P2P Lending launch is getting the UI perfectly right.  This means making it simple to understand and fun to use.  We’ve settled on the launch design and are in development.  Our hope is late next week for development completion.
  • Aside from the new FTM vaults we’ve launched, we’ve also completed many of the new chain’s vaults.  You can expect to try out the new chain (that you’re all familiar with!) and its products in the coming days while excitedly waiting for the roadmap and eventually the lending launch!

  • Multichain.xyz router 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.

Community Support

  1. Twitter  – Follow & RT & Like
  2. Announcement Channel  – Follow & Forward Posts
  3. DappRadar  – Just Click
  4. Google Search Engine For Website  – Just Click
  5. Ape Board  – Upvote & Comment
  6. Zapper: Upvote & Comment
  7. Zerion – Upvote & Comment
  8. PancakeSwap – Star Us
  9. Blockfolio  – Upvote & Comment
  10. CoinGecko  – Star Us & Thumbs Up
  11. Dextools  – Watchlist & Thumbs Up
  12. CoinMarketCap  – Watchlist & Thumbs Up

Roadmap Release

We’re planning to release the roadmap once the UI/UX for P2P Lending is completed.  This would make explaining and creating awareness much more effective.  Our goal for designs and development will be next week, and the roadmap should come shortly after.

While P2P Lending is pretty straightforward, as a borrower, you announce to the market what you are looking for.  As a lender, you advertise the term of a loan you’re willing to accept.   These would be things like collateral ratio, interest, duration, among other things.

Without having the actual UI to play around with or a sneak peek of the real deal to visualize, it makes understanding P2P lending more difficult than it should be.

We have finalized the design and are now developing the front/back-end to live test internally.

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 missing step regarding the P2P Lending launch is getting the UI perfectly right.  This means making it simple to understand and fun to use.  We’ve settled on the launch design and are in development.  Our hope is late next week for development completion.

Aside from development, we’ve also had overwhelming early feedback from the community and contacts excited about the product, its use-case, and what it means for investment strategies.

The ability to vault collateralized assets is a game-changer in the DeFi lending space as it would ultimately push the returns for the lender highly upwards and attract capital.  That would result in the ability for investors that require liquidity to borrow at rates supported by the returns of the collateralized assets themselves.

These are pretty cool stuff we’re going to launch!

Vaults

Feeder Finance Vaults
Feeder Finance FTM Geist Vaults
Feeder-Finance-FTM-SCREAM-Vaults
Feeder Finance 2OMB 2SHARE Vaults

Aside from the new FTM vaults we’ve launched, we’ve also completed many of the new chain’s vaults.  You can expect to try out the new chain (that you’re all familiar with!) and its products while excitedly waiting for the roadmap and eventually the lending launch!

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.xyz Bridge Partnership

Feeder Finance x Multichain

Multichain.xyz router 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 support
  • ~30 smaller UI/UX fixes and updates
  • Link to Product Page from Portfolio
  • Network Switch/Dropdown
  • Added DKK currency support

Time stamp:  Week 37 of Feeder Finance