Crypto Shrimp (AMA Host): Welcome Belt Finance to BSC News today for an AMA. We are delighted to learn more about the project today, are you guys ready to get this AMA started?
Joon Kee: Glad to be here! Joon Kee from Belt fi here!
Crypto Shrimp (AMA Host): how are you guys doing today?
Joon Kee: Excited to talk with you all!
Crypto Shrimp (AMA Host): likewise man
Q1: First of, let’s have an introduction of the Team, understand that its OZYS? And do tell us, how do we link everything up with OZYS and belt finance?
Joon Kee: Cool, Belt.fi is a protocol created by Ozys, a leading blockchain technology company incorporated in 2017. We’ve worked closely with public chain foundations to create widely-used, cutting edge blockchain-based services with a heavy focus on DeFi and cross-chain interoperability. We are a member of the Klaytn Governance Council alongside companies such as Binance, Huobi, MakerDAO, LG Electronics, and Kakao.Other than Belt Finance, Ozys has created various protocols collectively totaling over $1.4 billion in TVL. One of the most notable of these, aside from Belt, is called KLAYswap, a Klaytn-based AMM, which has around $800M in TVL right now.Ozys also has its own blockchain, Orbit Chain ($ORC), a PoS consensus chain founded in 2018 that integrates various blockchains to seamlessly connect the fragmented token economy. Orbit Chain currently stores, transfers, and verifies information and assets of 8+ public blockchains including Bitcoin, Ethereum, Ripple, Tron, Klaytn, Terra, and ICON.Orbit Chain’s cross-chain IBC bridge, Orbit Bridge, currently connects Ethereum, Klaytn, ICON, and Terra. Binance Smart Chain bridging will also be released soon. You can find out more about the team by going to ozys.net
Crypto Shrimp (AMA Host): nice, thats a very experienced team i would say.
Q2: What does OZYS stand for actually ? is there a special meaning to it?
Joon Kee: Haha great question A bit random, but ozys is the Lithuanian word for 'Goat'. We chose it for its symbolism. Since ancient times, across cultures, goats have symbolized courage, creative vitality, and enterprising, strong creatures who conquer high ground without fear. Goat is also the acronym for "Greatest of all time", which we strive to be
Crypto Shrimp (AMA Host): that reminds me of mike tyson too hahaa GOAT!
Joon Kee: Hahah
Q3: Do tell us more about belt finance. Maybe an overview of the project
Joon Kee: Would love to! At its basis, you can view Belt Finance as a passive multi-strategy vault. By passive, we mean that all you need to do is put in your assets and we take care of the rest with our multi-strategy yield optimization. Belt Finance users do not need to actively move their assets around to get optimal yield. As we grow in the future to include more strategies, this effect will grow even better. So what is an optimal yield aggregator? You can think of it as being something akin to an ETF. ETFs, or Exchange Traded Funds, track indexes, sectors, or assets. The best ETFs have groupings of the most effective assets (e.g. Tesla 50%, Apple 30%, Amazon 20%) to give the largest returns but also a sense of security rather than placing all your eggs in one basket. This is what Belt Finance is, we choose the most secure, highest yields, and create a portfolio of returns for you to come back to. Rather than you going at it actively, we make it easier and more effective by making programmatic algorithmic decisions on how we split the strategy ratio of what protocols we use. Belt goes one step further than simply offering auto-compounding, Belt.fi moves your assets around different protocols for optimal yield., while also giving you BELT tokens
Q4: so that explains why we see (v)USDT-(v)USDC-(v)BUSD-(v)DAI under the staking ?
Joon Kee: A little different but the (v) refers to our strategy Currently, our stablecoin vault uses the venus protocol As we add more it’ll be a multi strategy “bToken” That moves around different protocols
Crypto Shrimp (AMA Host): thanks for explaining about it, we do see the TVL is quite impressive too with a 0.6B
Joon Kee: Thanks dude! We will be adding a lot more strategies in the coming days/weeks
Crypto Shrimp (AMA Host): wow thats really interesting on the website we can see the VAI-VENUS (v)ETH-(v)BETH coming soon too
Q5: You mentioned about $BELT as a reward, is there other use case of $BELT? and how can investors benefit from it?
Joon Kee: The advantages to this system can be seen with a comparison to other protocols. For example, on Curve, 50% of trading fees is taken as an admin fee. Contrast this with Belt.fi, where a 50% buyback is not reallocated to any entity but is instead burned forever. When the fee is given to holders, as in Curve, this fee is not a help to the tokenomics, and does not have a deflationary effect. When 50% of trading fees, and 8% of the yield is bought back as BELT and burned, it increases the scarcity and power of the BELT token. We also slow inflation by changing the amount of BELT released with each block. While this has not yet been done, decisions will be made through transparent governance. As this happens, more BELT inflation will be allocated to DEAD pools and will be permanently burned. We have some updates in store that will really accelerate the deflationary measures that we will announce soon! I’m positive that our holders will be happy haha
Crypto Shrimp (AMA Host): thats a lot of thots being put into, so investors dun have to worry that without a hard cap their investments will be diluted, thats a very detailed explanation and plan that you have given us
Joon Kee: Thanks! We’ve been putting a lot of thought into additional deflationary measures
Q6: for the staking section of belt, can one specify the number of LP that is intended to deposit or withdraw? cause now it seems to be max either way
Joon Kee: That’s a good question that some of our users also have There’s no real min or max. Users can decide how much LP they want to withdraw when they decide to take their LP out When depositing, there’s no specific number but I’d recommend that they be mindful of BSC tx fees and our deposit fee of 0.1% We do however make it easy for user to withdraw or deposit with the max button
Crypto Shrimp (AMA Host): i must say the fees are very attractive for the investors
Joon Kee: Thanks!
Q7: In terms of security wise, has any audit been done for the project?
Joon Kee: Our first audit was conducted by SOOHO, a CONSENSYS-backed blockchain security firm. We’re in the process of getting more audits done and will update the community when they’re finished! We’re releasing a big update soon and there will be a new audit based upon that as well
Crypto Shrimp (AMA Host): looks like there will be alot of development that the supporters can look out for !
Joon Kee: Yeah we’re exited for it too!
Q8: Are there any collaboration that have been finalised or we can expect some to happen really soon?
Joon Kee: Yes, we actually have a bunch that we haven’t really yet emphasized. As to our ongoing partnerships that I can reveal: ForTube, Linear, Beefy, 1inch, Ren. We also have had really good ongoing collaboration with Klaytn, ICON, and Terra for our other DeFi protocols. There are more in the works that we’re also really excited about.
Crypto Shrimp (AMA Host): thats big names you have there!
Q9: What kind of collaboration are we expecting? is there like more staking or more opitmising of the investment or will it be earning more BELT options ?
Joon Kee: We actually just finished our 1inch integration haha Like literally just now during our AMA These collaborations in general will give a lot more options to Belt Finance users and give more incentive to $BELT hodlers and more utility to $BELT. Having a close working relationship with our partners will give benefits to both our ecosystem and theirs.
Crypto Shrimp (AMA Host): yes I too believe in growing together, rather than finding ways to outdo the competition
Joon Kee: Definitely, growing together! And weaving ourselves into being a defi pillar
Q10: with the low fees that are charged, are there other ways of earning revenue? cause that will also help in the future developement of the project too.
Joon Kee: All in all we are thinking of an economy of scale. But other than that, if you take a look at our roadmap, our multi-strategy aspect and crosschain focus should bring a lot of engagement
Q11: Having mentioned about roadmap, can you share with us what is planned and so far are they on schedule?
Joon Kee: Yes so we just released an updated version of the plans/roadmap yesterday. You guys can read more about it here: https://medium.com/belt-finance/revealing-whats-next-for-belt-finance-91e6153b4b15 As we revealed in the post, we’re actually going way ahead of schedule and will be releasing multi-strategy very very soon. Cross-chain will also come in the next few weeks. I’ll expand upon our development too So we’re currently working on a few things -- launching a multi-strategy yield optimizer, providing more assets in more pools, adding greater trading volume, and cross-chain asset provisioning. Pool assets we are planning to add: BTC , ETH ,BETH , BNB, More to come. For multistrategy yield optimization, we’re going to integrate ForTube, Autofarm, and ACryptoS, and more for new strategies. For more content, we’re in talks with Linear and Ren to add their assets to Belt. For more trading volume, we’re integrating 1inch for liquidity provisioning (which we literally just finished!) For cross-chain liquidity provisioning, we’ll be in we’ll be incorporating another of our protocols, Orbit Bridge (https://bridge.orbitchain.io/), our cross-chain IBC bridge, with BSC to connect our connected chains (Klaytn, Ethereum, Terra, ICON, etc.) and bring their liquidity to Belt and BSC in general. We estimate that this will be ready in April. We want to inject the liquidity of KLAYswap, a Klaytn-based AMM DEX, which is another of our protocols, to Belt and BSC. KLAYswap (https://klayswap.com/dashboard) currently has over $800M TVL, and we will start by leveraging the liquidity from our KLAY/sKLAY pool, which currently has $473M in it. We are psyched about this haha
Crypto Shrimp (AMA Host): that is alot of development that are great and i believe all of us cant wait to see how belt develops into a super project, with security and investment being taken into consideration.
Joon Kee: Really appreciate that!
Q12: Do share with us the links of Belt finance social media/medium etc, so that we can learn more about the project and also keep track of the development.
Joon Kee:
Docs: https://docs.belt.fi/
Twitter: https://twitter.com/BELT_Finance
Medium: https://medium.com/belt-finance
Telegram: https://t.me/BeltFinance
Github: https://github.com/BeltFi/
Here are our main links!
Q13: Lastly our famous question of all, what is the one alpha or juicy news you can give to our audience today?
(I know you have already told us a lot of what we can expect, what is the one thing that is going to happen real soon?)
Joon Kee: Haha great question
Crypto Shrimp (AMA Host): we always want the first hand news in bsc.news!
Joon Kee: So this is something I hinted at earlier, but we’re going to be adding additional incentives to $BELT hodlers (like airdrops of our partners’ tokens, more pools/utility, etc.). We also have some BIG partnerships in the pipeline that we haven’t announced yet!
Crypto Shrimp (AMA Host): thats very kind of you to have reveal this much and also explained in details of the project! Thank you so much for attending this AMA today, hope you enjoy the session as much as we did.
Joon Kee: Thanks for hosting! Had a great time.
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Lola (AMA HOST): Hello!
You're welcome
Blood Tree: Thanks for having us
Lola (AMA HOST): How're you doing today?
Blood Tree: Doing good, I'm excited to be here finally. We've been waiting for this for a few weeks haha
How are you
Lola (AMA HOST): Glad to have you here. 😊
I'm good.
Shall we set the ball rolling?
Blood Tree: Yup, let's get it crackin
Q1. Can you give us a general introduction of you and Tree Defi? Could you tell us your role in the project and briefly introduce Tree Defi?
Blood Tree: Hello, I’m blood tree, one of the founders of TreeDefi, a Yield Farming project that focuses on deflationary tokenomics, real life NFT implementation and planting real trees around the world through deposit fees
My main role in the team is partnership, marketing and community management. I also love doing graphics for the project, writing articles and making youtube videos. It’s still work but I have a lot of fun with it so it almost feels like a hobby
And yeah, we treat every day as a new challenge and we love developing new skills through this opportunity offered to us by Defi
Lola (AMA HOST): Having so many skills. How do you manage them?
Blood Tree: Multitasking and lots of caffeine
Everyone is like this on our team, we're a bunch of sleepless maniacs
Lola (AMA HOST): Good one there!
Q2. How many team members do you have working with you? And can you also tell us their roles?
Blood Tree: We are currently 8 members, without counting the supporters we’ve recruited from our group, which help us with spreading the word about the project, some twitter management, community graphics and user support. It’s amazing to already have members from the community that we can trust when we’re overwhelmed by work
As far the main team goes we’re all coming from the startup world, having worked with countless projects and companies, so everyone is crafty with several skills required for this project, and we push each other to new limits every day
Everyone has an area they specialize in though, some are solidity and react developers, some work on UX/UI frontend changes, some marketing and community management and some research the landscape constantly and try to implement new innovative ideas. And we all try to learn from each other's specialty
Hope that answers it 😄
Lola (AMA HOST): Sure it does!
Q3. What are the major challenges of Tree Defi and how do you intend to solve them.
Blood Tree: The Defi world in general is a challenge in itself haha
It’s very hard to start a project and get it running. Once you get it running it’s hard to stabilize from the unavoidable initial pump and dump, and once you get through that you need a consistent schedule of updates to keep the ball running
The landscape is a non stop 24/7 365 days endeavour. Everything is in constant motion and everything your competitors do affects you too. Those previous points made the past month a bit of a living hell for us, having no free days, no proper sleep and no proper relationships with people in real life. But we’re never gonna stop. Seeing the community excited when we release something is much more rewarding than any vacation we could take
We’ve also overcome some minor hurdles during launch, but our community stood strong with us through it all, never flinching. We're blessed to have such a supportive userbase ❤️
Q4. How does staking works? And what's the reward Percentage? And can you tell us about your Audit?
Blood Tree:
Users have the opportunity to stake their SEED and TREE into our farms and pools, along with other tokens of their choice, including the ones from our partners. Since the project is young the rewards are still quite high, having over 1500% APR in some of our farms. We’ve also included a limited time pool where users can receive TREE as a reward (our capped token, with a supply of 16001 TREE). We’re always improving our farms and tweaking them for our users’ enjoyment and to stabilize tokenomics when needed.
Our audit was done by TechRate, a very respectable firm that has helped other large projects like Swamp in the past. They’ve been very kind to us, well priced and professional. They even went through phone calls with us to look into our contracts in detail and explain everything they do to us. It’s been a great experience and we recommend them.
If you wanna check the audit out it's in our menu on our app at app.treedefi.com
Q5. I learnt you would love to have partnerships with other Defi projects. Can you tell us which you've been looking at And why would you love to partner with them?
Blood Tree: Of course, we’ve already partnered up with Slime Finance and Blueswap. Both have been great experiences, and we’re in touch with Slime everyday, trying to organize new things in the future
Lola (AMA HOST): That's good to hear. How about Blueswap? How has it helped Tree Defi?
Blood Tree: And that’s how partnerships should be in our opinion. In Defi, partnerships generally last one day before they fade away and only consist of a crossed pool or something along those lines. We're trying to do more with them
Blue have been nice to us, they've just sent us a proposal a few days ago where they would like to include us into one of their new features
Lola (AMA HOST): Great
Blood Tree: And I like their graphics in general haha
We've also launched a partnership with Soteria Finance, which now offers insurance cover for our project
Lola (AMA HOST): a Graphic Person. 😅
Blood Tree: Yes, I'm very picky with that stuff haha
Lola (AMA HOST): Good.
Blood Tree: And yeah in general more partnerships are coming. And we're in talks with other players that we think will re-shape Defi along with us in the next year
Q6. Can you tell us Tree Huggers Reward Program?
Blood Tree: Yes, I love the tree huggers program
It’s a program where we reward the most active and helpful members of our community with TREE to put it simply. Each week we will start a poll with the 10 most active members of the week. 3 members will be picked by the community and 2 members will be picked by admins. They will receive 1 TREE each, a Tree Hugger name tag and will be included in our TreeHouse telegram group, where we work with our most helpful members on community management, marketing and development of new features
At the end of the month there will be a huge giveaway for Tree Huggers where 3 random members will receive:
5 TREE + 5 SEED
3 TREE + 3 SEED
2 TREE + 2 SEED
It's a good way to keep our best members close to us
Lola (AMA HOST): Yes you're right.
Q7. What Future Development and Plannings do you have?
Blood Tree: Right now we are working hard on deploying our TreeDefi Games, which will include: Green Wheel, Lottery and King of the Forest. We’re trying really hard to launch them this week but they require a lot of testing to avoid any bugs both in the contract and frontend
We’re also working on our new version of the frontend, which will be built fully from scratch and separate from the Pancake interface. And we hope that will make our presentation even cleaner and more appealing to investors. We’re also working on more tree donations, and new NPOs that we could partner with to donate in more creative ways
Lola (AMA HOST): Great. And that takes me to next question
Q8. Can you tell us about the three donations that's going on in Tree Defi?
Blood Tree: Of course, tree donations are our bread and butter. We’ve started the project with the goal of planting as many trees as possible. We thought this would be a good way to give Defi a real world application that is usually missing from these projects.
As of now we’ve planted over $7000 worth of trees during the first month of the project, and we’re gonna keep donating more and more every week moving forward. The way it works is that we currently use ⅓ of deposit fees to plant real trees around the world. In the future we’ll find new ways to improve this system and donate more
We’re thinking of a way of letting users donate individually through us if they wanna represent TreeDefi. We’re also thinking of doing fundraisers for other types of good causes in the future, and different ways to include NPOs into the world of Defi. We think it’s often overlooked and just something that we and the community love to do!
Lola (AMA HOST): I'm liking your done with tree symbol. Haha
Blood Tree: Yes I need to keep my text alignment consistent haha
Lola (AMA HOST): 👍😊
Q9. Can you tell the Community about the Seed in Tree Defi
Blood Tree: Absolutely, SEED is basically the main engine running our Yield Farms
It is a token that is uncapped but deflationary in nature. The starting emission rate is 0.15 SEED per BSC Block, and it deflates by 2% each week. Currently it has already lowered to 0.144
This means that eventually our token output will start slowing down and SEED supply will become more and more scarce. And this is without taking into account the burning mechanisms that we will implement shortly through games, and the occasional celebratory manual burn. SEED is used for most of our farms and it is therefore our main reward for users on the platform. TREE on the other hand is our capped token with a supply of only 16001 TREE. So it's the rare token of our platform.
And TREE is also used for Governance
Lola (AMA HOST): Okay.
Why this emoji? 😉
Let's promote Tree Defi 😊
Blood Tree: haha I love that one, it confuses people
Lola (AMA HOST): Haha. Okay. No problem
Q10. Share with us all the links about Tree Defi, so that readers can find out more and also follow the development of the project.
Blood Tree: Here are all of our important links:
If you wanna get in touch with us directly the best way is through Telegram, that's where we're active all day long
Lola (AMA HOST): Noted
Q11. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Blood Tree: Haha, we don’t like spoiling future updates too much. But we do have our NFT system coming out very soon. We just launched a front end sneak peek today on our platform. Any curious BSC News users can go on app.treedefi.com/nftrees and check it out. The way it works is that our NFTrees are directly connected to real life trees that we planted.
Investors that purchase the NFT will get a lot of statistics about their tree, including: Name & Scientific Name, Date of Birth, Country of Origin, Place of Birth, Longitude and Latitude, Proof of planting and the CO2 removed by their tree. We’re also planning on releasing a map where users can connect with their wallet and see Their trees around the world in a clean interface.
Lola (AMA HOST): Great.
Now we've come to the end of the First round.
It was a really a nice session. Thanks @bloodtree 😊
Blood Tree: Thank you for all of the great questions, they were fun to answer! 😊
Lola (AMA HOST): Welcome Shanron
Hope you're good.
Shanron: yes I am great
Lola (AMA HOST): Good to hear that.
So shall we start?
Shanron: Yes I can't wait and I am sure the community is also ready !!
Lola (AMA HOST): Sure they are. 😊
Q1. Can you give us a general introduction of you and Dragon Ball Finance? Could you tell us your role in the project and briefly introduce Dragon Ball Finance?
Shanron: Yes of course !
Dragonball Is the first All In One DeFi platform with the coolest of all themes.
it is a protocol that allows you to have sustainable gains backed by a constant income that is generated through all DBF products.
I am the CEO and founder of the protocol,
I gather team members and advisors and hire professional coders to develop the smart contracts.
I have been in crypto since 2016, when I was shocked by blockchain technology and witnessed ICO and tokens in general 100x and then lose 99.99% of their value the day after.
I left crypto aside for a couple of years after the bubble, graduated and found a job in finance.. and then Uniswap came out..And history begun..
Lola (AMA HOST): This sounds great.
Q2. How many team members do you have working with you? And can you also tell us their roles?
Shanron: We started small with one developer, one designer and me.
We recently had the chance to hire new team members especially experienced devs that are now focusing maily on the IFO platform and NFT marketplace !
The website as well is being rebranded and redesigned to give it the look it deserves !
Lola (AMA HOST): That's great. And how has been the Journey so far?
Shanron: it has been great I gotta say
the community has backed us and we are growing daily, we also made so many progress on the development side, and once all use case will be applied I can really see this Dapp competing with top bsc projects !!
Q3. Can you tell us how Farming and staking works in Dragon Ball Finance? What's the reward Percentage?
Shanron: Farming and staking is very similar to pancake and similar platform we have created a full path tutorial to guide investors in the process, feel free to check it out here
the reward percentage is based on current price liquidity in the pool, token emission, pool multiplier and is a variable not a constant. Everyone can check it live on the top right of each farm at https://dragonballfinance.org/farms
Q4. Has your Smart Contract been audited? If he's, who audited it? And can you show us the report? As the security of the Community matters.
Shanron: Yes, we believe investors security and safety is the highest priority, that's why we audited our contracts as soon as they were out and we will keep auditing with other reputable companies as we organically grow.
here's the link:
Q5. How many Partners do you have? And what do you expect from them?
Shanron: We have several partner and advisors and are in talks with many potential future partners, but we believe that NFT marketplace and IFO launchpad have the priority as they are one of the most important products needed in the space !
Lola (AMA HOST):
That's good. And what stage do you plan to make that happen?
Shanron: IFO platform is being worked on and should be ready by next week !!
NFT marketplace is much more complicated and it will take around a month
we have another dev working on the first DBF casino game, and should be up at the beginning of te month!
that will really boost DBALL use case and price in my opinion
Q6. Can investors get in now? Or it's late to buy cheap and Hold to get rewards? And can you give out steps and details to do that?
Shanron: Yes you can buy DBALL now and stake it on the staking pool or provide liquidity for it and stake it the website to earn constant reward !!
follow the steps outlined in the tutorial for getting in early and not missing the dragonballfinance train !!
Q7. Can you share with our community the plans you and your project have for this year and the coming years?
Shanron: Dragonballfinance is here to stay,
We have built a roadmap that allow the project to create an ecosystem where the native token as multiple use cases in the protocol generating demand and scarcity for the token.
here is a list of the products we plan to implement that will directly or indireclty benefit DBALL and its holders:
Launchapad IFO (half of raised funds is used to burn DBALL)
NFT marketplace (anyone can list their NFT and anyone can buy them only with DBALL)
Super Saiyan pools (DBALL holders will be able to stake DBALL and earn BNB)
Casino platform (users can only play with DBALL, lost DBALL is burned)
Charting tool ( a tool similar to chartex or dextools where anyone can track any token and if you hold a certain amount of DBALL you unlock pro features)
Farming As A Service platform (host other protocol farms and use a % of LP deposit fee to buy back DBALL and burn it)
stable coins
vaults
lending and borrowing
expansion to other chains
much much more !!
Lola (AMA HOST): Great👍
Q8. What are the major challenges of Dragon Ball Finance and how do you intend to solve them?
Shanron: Major challenge right now is fighting inflation, we used to have too many non native farms and pools that allowed non native farmers to sell too many DBALL, so we removed most of them and added new native farms, also we plan to improve DBALL price and liquidity through layer farming , a perpetual way of high risk high reward gains that will happen weekly and will boost DBALL price and liquidity !!
Lola (AMA HOST): That's a great move.
Q9. Share with us all the links about DballFinance, so that readers can find out more and also follow the development of the project.
Shanron: 🐉Welcome to DragonBall Finance!🐉
🔮What is DragonBallFinance?
DragonBallFinance is the first fully decentralized self sustaining all in one defi platform on the Binance Smart Chain network that brings the dragonball theme in the current boring foody name defi world.
DragonBallFinance will implement several products and mechanics that ensure the sustainability of the project even in the long term perspective.
🈚️Tokenomics
🐉DragonBall Token($DBALL)
👨🍳Masterchef:
✅Initial Supply: 410,000 $DBALL
✅Liquidity raised with SaltSwap Launchpad
✅IDO price 1 BNB = 500 $DBALL
✅IDO allocation 25,000/250,000 $DBALL
✅soft cap/hard cap 50/500 BNB
✅Listing price 1 BNB = 400 $DBALL
✅partnerships, marketing and contests funds 15,200 $DBALL (all locked for the first 2 weeks, community will decide how to use them)
(All unsold tokens will be burned)
‼️DBALL IDO will be on Monday the 5th and it will be hosted by SaltSwap IDO Launchpad‼️
Senzu Token ($SENZU)
Senzu token will be the token used to reward layered farming investors.
❗️7% stacking fee will be applied and used for:
✳️40 % to buy back DBALL and burn it
✳️40% buy back SENZU and burn it
✳️20% allocated to further platform developments
💸 Liquidity Locked Forever
💸 LP Tokens Burnt
🔮 Future Goals:
🕔 NFTs and marketplace
🕔 Lotteries
🕔 Games
🕔 IDO platform
🕔Charting tool
🕔Lots more !!
🔮 Key Information:
🐲DragonBallFinance buy back an burning features: 🐲
✳️3% deposit fee will be charged at staking.
✳️2% withdrawal fee will be charged when unstaking.
Fees breakdown
✳️50% will be used for weekly burns
✳️50% for the project's products funds.
✳️5% of minted tokens for emergency and development funds
🌐 Website - https://www.dragonballfinance.org/
🐉 Official Telegram Channel - https://t.me/dragonballfinance_org
🔥 Announcements - https://t.me/dragonballnews_org
💰 Price chat - TBA
⌨️ Discord - TBA
☀️ Twitter
📶 Medium
💻 Github
🕵️ Audit
Q10. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Shanron: Yes as I previously mentioned we have three major news this week !!
1) we will be launching layer2 with SENZU2 and renewed mechanics allowing this layer to be more stable and providig higher liquidity to native pairs !
2) Super Saiyan pools a pool where DBALL holders can stake their DBALL and receive BNB in exchange !!
3) IFO platform will be ready by next week and we will launch the first DBF Initial Farming Offering !!
Lola (AMA HOST):
We look forward to the three Great News.
Now we are done with the First session.
Thanks for your time. Twas a really a nice time with you Shanron
BSCNEWS Hosts Belt.fi The conveyor Belt of optimized yield to your assets. All Questions answered by Joon Kee (@joonkeep)
Crypto Shrimp (AMA Host): Welcome Belt Finance to BSC News today for an AMA. We are delighted to learn more about the project today, are you guys ready to get this AMA started?
Joon Kee: Glad to be here! Joon Kee from Belt fi here!
Crypto Shrimp (AMA Host): how are you guys doing today?
Joon Kee: Excited to talk with you all!
Crypto Shrimp (AMA Host): likewise man
Q1: First of, let’s have an introduction of the Team, understand that its OZYS? And do tell us, how do we link everything up with OZYS and belt finance?
Joon Kee: Cool, Belt.fi is a protocol created by Ozys, a leading blockchain technology company incorporated in 2017. We’ve worked closely with public chain foundations to create widely-used, cutting edge blockchain-based services with a heavy focus on DeFi and cross-chain interoperability. We are a member of the Klaytn Governance Council alongside companies such as Binance, Huobi, MakerDAO, LG Electronics, and Kakao.Other than Belt Finance, Ozys has created various protocols collectively totaling over $1.4 billion in TVL. One of the most notable of these, aside from Belt, is called KLAYswap, a Klaytn-based AMM, which has around $800M in TVL right now.Ozys also has its own blockchain, Orbit Chain ($ORC), a PoS consensus chain founded in 2018 that integrates various blockchains to seamlessly connect the fragmented token economy. Orbit Chain currently stores, transfers, and verifies information and assets of 8+ public blockchains including Bitcoin, Ethereum, Ripple, Tron, Klaytn, Terra, and ICON.Orbit Chain’s cross-chain IBC bridge, Orbit Bridge, currently connects Ethereum, Klaytn, ICON, and Terra. Binance Smart Chain bridging will also be released soon. You can find out more about the team by going to ozys.net
Crypto Shrimp (AMA Host): nice, thats a very experienced team i would say.
Q2: What does OZYS stand for actually ? is there a special meaning to it?
Joon Kee: Haha great question A bit random, but ozys is the Lithuanian word for 'Goat'. We chose it for its symbolism. Since ancient times, across cultures, goats have symbolized courage, creative vitality, and enterprising, strong creatures who conquer high ground without fear. Goat is also the acronym for "Greatest of all time", which we strive to be
Crypto Shrimp (AMA Host): that reminds me of mike tyson too hahaa GOAT!
Joon Kee: Hahah
Q3: Do tell us more about belt finance. Maybe an overview of the project
Joon Kee: Would love to! At its basis, you can view Belt Finance as a passive multi-strategy vault. By passive, we mean that all you need to do is put in your assets and we take care of the rest with our multi-strategy yield optimization. Belt Finance users do not need to actively move their assets around to get optimal yield. As we grow in the future to include more strategies, this effect will grow even better. So what is an optimal yield aggregator? You can think of it as being something akin to an ETF. ETFs, or Exchange Traded Funds, track indexes, sectors, or assets. The best ETFs have groupings of the most effective assets (e.g. Tesla 50%, Apple 30%, Amazon 20%) to give the largest returns but also a sense of security rather than placing all your eggs in one basket. This is what Belt Finance is, we choose the most secure, highest yields, and create a portfolio of returns for you to come back to. Rather than you going at it actively, we make it easier and more effective by making programmatic algorithmic decisions on how we split the strategy ratio of what protocols we use. Belt goes one step further than simply offering auto-compounding, Belt.fi moves your assets around different protocols for optimal yield., while also giving you BELT tokens
Q4: so that explains why we see (v)USDT-(v)USDC-(v)BUSD-(v)DAI under the staking ?
Joon Kee: A little different but the (v) refers to our strategy Currently, our stablecoin vault uses the venus protocol As we add more it’ll be a multi strategy “bToken” That moves around different protocols
Crypto Shrimp (AMA Host): thanks for explaining about it, we do see the TVL is quite impressive too with a 0.6B
Joon Kee: Thanks dude! We will be adding a lot more strategies in the coming days/weeks
Crypto Shrimp (AMA Host): wow thats really interesting on the website we can see the VAI-VENUS (v)ETH-(v)BETH coming soon too
Q5: You mentioned about $BELT as a reward, is there other use case of $BELT? and how can investors benefit from it?
Joon Kee: The advantages to this system can be seen with a comparison to other protocols. For example, on Curve, 50% of trading fees is taken as an admin fee. Contrast this with Belt.fi, where a 50% buyback is not reallocated to any entity but is instead burned forever. When the fee is given to holders, as in Curve, this fee is not a help to the tokenomics, and does not have a deflationary effect. When 50% of trading fees, and 8% of the yield is bought back as BELT and burned, it increases the scarcity and power of the BELT token. We also slow inflation by changing the amount of BELT released with each block. While this has not yet been done, decisions will be made through transparent governance. As this happens, more BELT inflation will be allocated to DEAD pools and will be permanently burned. We have some updates in store that will really accelerate the deflationary measures that we will announce soon! I’m positive that our holders will be happy haha
Crypto Shrimp (AMA Host): thats a lot of thots being put into, so investors dun have to worry that without a hard cap their investments will be diluted, thats a very detailed explanation and plan that you have given us
Joon Kee: Thanks! We’ve been putting a lot of thought into additional deflationary measures
Q6: for the staking section of belt, can one specify the number of LP that is intended to deposit or withdraw? cause now it seems to be max either way
Joon Kee: That’s a good question that some of our users also have There’s no real min or max. Users can decide how much LP they want to withdraw when they decide to take their LP out When depositing, there’s no specific number but I’d recommend that they be mindful of BSC tx fees and our deposit fee of 0.1% We do however make it easy for user to withdraw or deposit with the max button
Crypto Shrimp (AMA Host): i must say the fees are very attractive for the investors
Joon Kee: Thanks!
Q7: In terms of security wise, has any audit been done for the project?
Joon Kee: Our first audit was conducted by SOOHO, a CONSENSYS-backed blockchain security firm. We’re in the process of getting more audits done and will update the community when they’re finished! We’re releasing a big update soon and there will be a new audit based upon that as well
Crypto Shrimp (AMA Host): looks like there will be alot of development that the supporters can look out for !
Joon Kee: Yeah we’re exited for it too!
Q8: Are there any collaboration that have been finalised or we can expect some to happen really soon?
Joon Kee: Yes, we actually have a bunch that we haven’t really yet emphasized. As to our ongoing partnerships that I can reveal: ForTube, Linear, Beefy, 1inch, Ren. We also have had really good ongoing collaboration with Klaytn, ICON, and Terra for our other DeFi protocols. There are more in the works that we’re also really excited about.
Crypto Shrimp (AMA Host): thats big names you have there!
Q9: What kind of collaboration are we expecting? is there like more staking or more opitmising of the investment or will it be earning more BELT options ?
Joon Kee: We actually just finished our 1inch integration haha Like literally just now during our AMA These collaborations in general will give a lot more options to Belt Finance users and give more incentive to $BELT hodlers and more utility to $BELT. Having a close working relationship with our partners will give benefits to both our ecosystem and theirs.
Crypto Shrimp (AMA Host): yes I too believe in growing together, rather than finding ways to outdo the competition
Joon Kee: Definitely, growing together! And weaving ourselves into being a defi pillar
Q10: with the low fees that are charged, are there other ways of earning revenue? cause that will also help in the future developement of the project too.
Joon Kee: All in all we are thinking of an economy of scale. But other than that, if you take a look at our roadmap, our multi-strategy aspect and crosschain focus should bring a lot of engagement
Q11: Having mentioned about roadmap, can you share with us what is planned and so far are they on schedule?
Joon Kee: Yes so we just released an updated version of the plans/roadmap yesterday. You guys can read more about it here: https://medium.com/belt-finance/revealing-whats-next-for-belt-finance-91e6153b4b15 As we revealed in the post, we’re actually going way ahead of schedule and will be releasing multi-strategy very very soon. Cross-chain will also come in the next few weeks. I’ll expand upon our development too So we’re currently working on a few things -- launching a multi-strategy yield optimizer, providing more assets in more pools, adding greater trading volume, and cross-chain asset provisioning. Pool assets we are planning to add: BTC , ETH ,BETH , BNB, More to come. For multistrategy yield optimization, we’re going to integrate ForTube, Autofarm, and ACryptoS, and more for new strategies. For more content, we’re in talks with Linear and Ren to add their assets to Belt. For more trading volume, we’re integrating 1inch for liquidity provisioning (which we literally just finished!) For cross-chain liquidity provisioning, we’ll be in we’ll be incorporating another of our protocols, Orbit Bridge (https://bridge.orbitchain.io/), our cross-chain IBC bridge, with BSC to connect our connected chains (Klaytn, Ethereum, Terra, ICON, etc.) and bring their liquidity to Belt and BSC in general. We estimate that this will be ready in April. We want to inject the liquidity of KLAYswap, a Klaytn-based AMM DEX, which is another of our protocols, to Belt and BSC. KLAYswap (https://klayswap.com/dashboard) currently has over $800M TVL, and we will start by leveraging the liquidity from our KLAY/sKLAY pool, which currently has $473M in it. We are psyched about this haha
Crypto Shrimp (AMA Host): that is alot of development that are great and i believe all of us cant wait to see how belt develops into a super project, with security and investment being taken into consideration.
Joon Kee: Really appreciate that!
Q12: Do share with us the links of Belt finance social media/medium etc, so that we can learn more about the project and also keep track of the development.
Joon Kee:
Docs: https://docs.belt.fi/
Twitter: https://twitter.com/BELT_Finance
Medium: https://medium.com/belt-finance
Telegram: https://t.me/BeltFinance
Github: https://github.com/BeltFi/
Here are our main links!
Q13: Lastly our famous question of all, what is the one alpha or juicy news you can give to our audience today?
(I know you have already told us a lot of what we can expect, what is the one thing that is going to happen real soon?)
Joon Kee: Haha great question
Crypto Shrimp (AMA Host): we always want the first hand news in bsc.news!
Joon Kee: So this is something I hinted at earlier, but we’re going to be adding additional incentives to $BELT hodlers (like airdrops of our partners’ tokens, more pools/utility, etc.). We also have some BIG partnerships in the pipeline that we haven’t announced yet!
Crypto Shrimp (AMA Host): thats very kind of you to have reveal this much and also explained in details of the project! Thank you so much for attending this AMA today, hope you enjoy the session as much as we did.
Joon Kee: Thanks for hosting! Had a great time.
