FEG Staking
Last updated
Last updated
FEG Staking is currently LIVE!
FEG Staking is a protocol that allows FEG token holders to stake their tokens and earn rewards from the entire FEG ecosystem on that chain, with the potential for significant gains over time.
FEG Token stakers earn rewards from FEG trading volume PLUS from various taxes inside the SmartDeFi ecosystem, thus the more SD projects are active, the more passive rewards you get !
After staking, your FEG tokens will be deposited into the staking contract, and you will receive "FEG Staking Shares" (FST) in return. These shares represent your ownership in the staking pool. Think of FST as a receipt from the system confirming your successful stake. You must present this receipt to the system to unstake your tokens.
FST is not a 1:1 ratio
FST number does not increase with rewards
Total FST / Total FEG = Ratio
It is impossible to transfer FST to another wallet
The new staking contract introduced the sacrifice feature at the community's request. It allows those who wish to contribute to burn efforts to reduce the circulating token supply. When unstaking, Stakers can voluntarily burn a specified percentage of their FEG rewards, permanently removing these tokens from circulation. To activate this feature, specify the percentage you wish to sacrifice.
At any point before unstaking, you can turn off the sacrifice by setting it to 0%
Zero fees
No deposit or withdrawal fees for staking your FEG, it's free
No lock-in periods
FEG allows you to stake and unstake at anytime, total freedom
Automatic compounding
Your rewards get auto distributed & compounded to gain even more over time
Upgradeable
The contract requires no action from users when staking contract gets upgraded
