Crypto Shrimp (AMA Host): Can i check if the DeFiPie team is here?
Aleksei Kopievskii: Here Hey guys 👌
Crypto Shrimp (AMA Host): great! nice and early sir!
Aleksei Kopievskii: Thank you 🙏
Crypto Shrimp (AMA Host): shall we start now since we are here and excited about the AMA?
Aleksei Kopievskii: Yes, let’s go
Crypto Shrimp (AMA Host): Alright Ladies and Gentlemen, welcome Defipie to BSC News for an exciting round of AMA. Let’s learn more about it too!@alekseikopievskii how are you doing today?
Aleksei Kopievskii: Perfect man 👌And you?
Crypto Shrimp (AMA Host): can't be better sir.
Aleksei Kopievskii: Awesome
Q1 Let’s get to know the team more, what are your roles and how big is the team?
Aleksei Kopievskii: My name is Aleksei. I'm CEO and co-founder of DeFiPie. I'm the head team, I’m working on all marketing and business related things. Also I have CTO and co-founder - Maksim Malikov. Also we have 1 UX/UI designer and 4 developers.
Crypto Shrimp (AMA Host): So a side question, what got your started in crypto?
Aleksei Kopievskii: I started in 2016 as a developer in crypto startups. But now I'm a more business related guy and working only on business parts. But anyway I have good theft skills 👌
Crypto Shrimp (AMA Host): thats a good transition, and basically you know the whole works too
Aleksei Kopievskii: Yeah 👍
Q2 What contributed to the creation of DefiPie?
Aleksei Kopievskii: Do you like Uber? With Uber you can order car, food and so on. With DeFiPie too. You can do everything that's required in the DeFi world. We want to make all in one service
Crypto Shrimp (AMA Host): I see so farming, staking, vault, amm, creating tokens as well?or its across the networks of ETH BSC etc?
Aleksei Kopievskii: Amm not planning for now, but who knows)For now only BSC and ETH. But planning to add more networks
Crypto Shrimp (AMA Host): haha nice, limitations is definitely not in the crypto dictionary for sure
Aleksei Kopievskii: No limits 🚀
Q3 Could you give us a brief overview of Defipie?
Aleksei Kopievskii: Sure DeFiPie allows everyone to create lending pools for any assets on Ethereum and Binance Smart Chain networks.Users can supply their assets and borrow other assets. Also we’ll have governance in the next 2 month. And for now we have yield farming under the hood
Crypto Shrimp (AMA Host): that's great stuff
Q4 It seems that the project was started in ETH first, how long ago was that, and what prompt the decision to come to BSC?
Aleksei Kopievskii: We’re starting in August 2020. ETH version live since December 2020 I met with a lot of partners and investors during the Agora event in February in Dubai. Personally talked with Binance Labs. And we discussed the problem with gas on ETH, and Binance Labs partner said to me: “I have a solution for you”. After that we finished migration on BSC mainnet in 2 weeks and now we’re support 2 chains
Crypto Shrimp (AMA Host): oh wow, time and space plus connections enable ppl to bounce ideas and it all to make a project develop much better too
Aleksei Kopievskii: 🚀🚀🚀
Crypto Shrimp (AMA Host): will there be more chains to be added soon ?
Aleksei Kopievskii: We’re planning to build cross chain bridge And other networks will be also connected
Crypto Shrimp (AMA Host): that too bridged to my next question about ETH and BSC chains
Q5 How are the cross chain done with ETH and BSC from an investor point of view? You mentioned it's a lending platform, is there a need for collateral?
Aleksei Kopievskii: It's an atomic swap. We have the same total supply on both chains. Once some one swap tokens, they will be blocked on one network and will be available on another networkYes, collateral is needed, since it’s DeFi, there are no other solutions :)
Q6 Can anyone create a pool and if they could, will there be any ways to prevent ppl from spamming too many pools ? if not how does DefiPie scrutinise which coins to be listed?
Aleksei Kopievskii: For now anyone can create a pool if the token has proper liquidity on Uniswap or PancakeSwap. Later all decisions will be under community with governance module
Crypto Shrimp (AMA Host): I'm curious, so does that individual require to have a certain amount of that particular token, in order to create the pool?
Aleksei Kopievskii: Yes. Just make deposit and pay network gas fees 👍
Q7 How is the APY/lending % being calculated? Will this rate be competitive to like big CEX?
Aleksei Kopievskii: Negative APY means that we’re paying for borrowing. That’s happened due to our yield farming module. Our rate is a pure algorithm and I think CEX can’t stay near us in this case as an example. Rates depends on deposits and total borrows
Crypto Shrimp (AMA Host): I see thats why the negative APY is shown in some of the tokens
Aleksei Kopievskii: It’s yield farming 👍 on DeFiPie
Crypto Shrimp (AMA Host): Another side question is how does DeFiPie earn its revenue in this case? Will it be jus the spread from borrowing and lending ? or mostly they are from the yield farming that you mentioned
Aleksei Kopievskii: Our revenue model - is collateral liquidation. But anyway this can be held by the community too. Just check our liquidations page
Crypto Shrimp (AMA Host): great stuff but for consumers liquidation also mean the lending and borrowing isn't going well too rite
Aleksei Kopievskii: Crypto market is volatile. So, liquidations will always exist
Crypto Shrimp (AMA Host): that's true and which is why we always say only invest with what we can afford to lose
Aleksei Kopievskii: Yes. A lot of newbies still do not understand this one
Crypto Shrimp (AMA Host): that's very true i have seen people investing money that are meant for rents and daily expenses..thus i am glad we have this space and also ppl of your position to educate everyone in this community and hopefully spread the word further
Aleksei Kopievskii: Thank you 🙏
Q8 Before we drift further from our focus, tell us more about the use case of $PIE? Will there be another token for BSC?
Aleksei Kopievskii: We have $PIE on ETH and BSC networks. The main purpose of the token - governance control.
Crypto Shrimp (AMA Host): i see will it be used for staking in the future use case?
Aleksei Kopievskii: It’s already used in staking
Crypto Shrimp (AMA Host): i see so there's a lot of usecase for the native token
Q9 How are other projects able to collaborate with DefiPie? is it the traditional way of staking and creating a pool?
Aleksei Kopievskii: We’re looking for TVL. Other projects are looking for staking and farming opportunities. It’s a win win strategy. Projects have to make initial deposits and create staking possibilities for their community. When we’re doing liquidity partnership, we’ll continue our work with projects in future
Crypto Shrimp (AMA Host): a win win situation is definitely attractive between projects and also the exposure of both communities will also be good too
Aleksei Kopievskii: Yes. Like a free marketing
Crypto Shrimp (AMA Host): Talking about marketing, what are in the works for that in DefiPie?
Aleksei Kopievskii: Hmm. We’re preparing a big marketing boost. Really big. But it will take at least 1-2 weeks
Crypto Shrimp (AMA Host): sounds like a big plan too
Aleksei Kopievskii: Like always
Q10 Before I forget, what are the security measures in place, since we are talking about handling of token and money involved. Will there be audits, bounty etc? What has been done in DefiPie?
Aleksei Kopievskii: Better to check our roadmap. We’ve a lot of development activities right now and a lot of other interesting things!
https://medium.com/defipie/short-term-roadmap-467e2934481b
And also, great stuff while we have AMA 😂
We're happy to announce $PIE listing on BitForexEnglish
Check link below for further info: https://support.bitforex.com/hc/en-us/articles/360058822512-BitForex-Launches-DeFiPie-DeFiPie-at-18-00-on-April-2nd-2021-GMT-8-
https://twitter.com/defipiepie/status/1377254585014816768?s=21
Crypto Shrimp (AMA Host): wow big development indeed, exchange listing and what we mentioned also bounties, theres really alot of work being put in
Aleksei Kopievskii: So, one more step from roadmap already completed ✅
Aleksei Kopievskii: With this one 🚀
Crypto Shrimp (AMA Host): that's a really fast moving pace you guys have there and these are just short term development!
Aleksei Kopievskii: Yes 👍
Q11 So what about the future or long term development/ roadmap for Defipie
Aleksei Kopievskii: Long term roadmap we’re not planning to share. A lot of things planning, but a lot of things depends on market So, stay tuned �
Q12 after all these works and development that we have talked about, I'm interested to know what's your vision for DefiPie? What do you wanna achieve?
Aleksei Kopievskii: Binance and coinbase 😂 I’m serious
Crypto Shrimp (AMA Host): nothing less than the top!
Q13 Share with us all your links to the project, so that readers can find out more and also follow the development of the project
Aleksei Kopievskii:
Subscribe to our Twitter. A lot of things coming
Q14 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ?
Aleksei Kopievskii: Already shared here 👌 We're happy to announce $PIE listing on BitForexEnglish
Check link below for further info: https://support.bitforex.com/hc/en-us/articles/360058822512-BitForex-Launches-DeFiPie-DeFiPie-at-18-00-on-April-2nd-2021-GMT-8-
https://twitter.com/defipiepie/status/1377254585014816768?s=21
Crypto Shrimp (AMA Host): that's great stuff and we have known a great deal of things to come and also excited to see the upcoming development being planned
Aleksei Kopievskii:
🚀🚀🚀
Crypto Shrimp (AMA Host): that will be all the questions I have for you today and thank you for your time introducing DeFiPie to us as well. Hope the project will go all the way to the top like you envisioned! hope you have enjoyed yourself as much too!
Aleksei Kopievskii: Thank you very much @cryptoshrimp5
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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
BSC.NEWS Hosts DeFiPie, a platform that combines Lending-as-a-Service (LaaS), Liquidity Pool-as-a-Service (LPaaS) and Staking-as-a-Service (SaaS) in one platform. All question answered by Aleksei Kopievskii (@alekseikopievskii)
Crypto Shrimp (AMA Host): Can i check if the DeFiPie team is here?
Aleksei Kopievskii: Here Hey guys 👌
Crypto Shrimp (AMA Host): great! nice and early sir!
Aleksei Kopievskii: Thank you 🙏
Crypto Shrimp (AMA Host): shall we start now since we are here and excited about the AMA?
Aleksei Kopievskii: Yes, let’s go
Crypto Shrimp (AMA Host): Alright Ladies and Gentlemen, welcome Defipie to BSC News for an exciting round of AMA. Let’s learn more about it too!@alekseikopievskii how are you doing today?
Aleksei Kopievskii: Perfect man 👌And you?
Crypto Shrimp (AMA Host): can't be better sir.
Aleksei Kopievskii: Awesome
Q1 Let’s get to know the team more, what are your roles and how big is the team?
Aleksei Kopievskii: My name is Aleksei. I'm CEO and co-founder of DeFiPie. I'm the head team, I’m working on all marketing and business related things. Also I have CTO and co-founder - Maksim Malikov. Also we have 1 UX/UI designer and 4 developers.
Crypto Shrimp (AMA Host): So a side question, what got your started in crypto?
Aleksei Kopievskii: I started in 2016 as a developer in crypto startups. But now I'm a more business related guy and working only on business parts. But anyway I have good theft skills 👌
Crypto Shrimp (AMA Host): thats a good transition, and basically you know the whole works too
Aleksei Kopievskii: Yeah 👍
Q2 What contributed to the creation of DefiPie?
Aleksei Kopievskii: Do you like Uber? With Uber you can order car, food and so on. With DeFiPie too. You can do everything that's required in the DeFi world. We want to make all in one service
Crypto Shrimp (AMA Host): I see so farming, staking, vault, amm, creating tokens as well?or its across the networks of ETH BSC etc?
Aleksei Kopievskii: Amm not planning for now, but who knows)For now only BSC and ETH. But planning to add more networks
Crypto Shrimp (AMA Host): haha nice, limitations is definitely not in the crypto dictionary for sure
Aleksei Kopievskii: No limits 🚀
Q3 Could you give us a brief overview of Defipie?
Aleksei Kopievskii: Sure DeFiPie allows everyone to create lending pools for any assets on Ethereum and Binance Smart Chain networks.Users can supply their assets and borrow other assets. Also we’ll have governance in the next 2 month. And for now we have yield farming under the hood
Crypto Shrimp (AMA Host): that's great stuff
Q4 It seems that the project was started in ETH first, how long ago was that, and what prompt the decision to come to BSC?
Aleksei Kopievskii: We’re starting in August 2020. ETH version live since December 2020 I met with a lot of partners and investors during the Agora event in February in Dubai. Personally talked with Binance Labs. And we discussed the problem with gas on ETH, and Binance Labs partner said to me: “I have a solution for you”. After that we finished migration on BSC mainnet in 2 weeks and now we’re support 2 chains
Crypto Shrimp (AMA Host): oh wow, time and space plus connections enable ppl to bounce ideas and it all to make a project develop much better too
Aleksei Kopievskii: 🚀🚀🚀
Crypto Shrimp (AMA Host): will there be more chains to be added soon ?
Aleksei Kopievskii: We’re planning to build cross chain bridge And other networks will be also connected
Crypto Shrimp (AMA Host): that too bridged to my next question about ETH and BSC chains
Q5 How are the cross chain done with ETH and BSC from an investor point of view? You mentioned it's a lending platform, is there a need for collateral?
Aleksei Kopievskii: It's an atomic swap. We have the same total supply on both chains. Once some one swap tokens, they will be blocked on one network and will be available on another networkYes, collateral is needed, since it’s DeFi, there are no other solutions :)
Q6 Can anyone create a pool and if they could, will there be any ways to prevent ppl from spamming too many pools ? if not how does DefiPie scrutinise which coins to be listed?
Aleksei Kopievskii: For now anyone can create a pool if the token has proper liquidity on Uniswap or PancakeSwap. Later all decisions will be under community with governance module
Crypto Shrimp (AMA Host): I'm curious, so does that individual require to have a certain amount of that particular token, in order to create the pool?
Aleksei Kopievskii: Yes. Just make deposit and pay network gas fees 👍
Q7 How is the APY/lending % being calculated? Will this rate be competitive to like big CEX?
Aleksei Kopievskii: Negative APY means that we’re paying for borrowing. That’s happened due to our yield farming module. Our rate is a pure algorithm and I think CEX can’t stay near us in this case as an example. Rates depends on deposits and total borrows
Crypto Shrimp (AMA Host): I see thats why the negative APY is shown in some of the tokens
Aleksei Kopievskii: It’s yield farming 👍 on DeFiPie
Crypto Shrimp (AMA Host): Another side question is how does DeFiPie earn its revenue in this case? Will it be jus the spread from borrowing and lending ? or mostly they are from the yield farming that you mentioned
Aleksei Kopievskii: Our revenue model - is collateral liquidation. But anyway this can be held by the community too. Just check our liquidations page
Crypto Shrimp (AMA Host): great stuff but for consumers liquidation also mean the lending and borrowing isn't going well too rite
Aleksei Kopievskii: Crypto market is volatile. So, liquidations will always exist
Crypto Shrimp (AMA Host): that's true and which is why we always say only invest with what we can afford to lose
Aleksei Kopievskii: Yes. A lot of newbies still do not understand this one
Crypto Shrimp (AMA Host): that's very true i have seen people investing money that are meant for rents and daily expenses..thus i am glad we have this space and also ppl of your position to educate everyone in this community and hopefully spread the word further
Aleksei Kopievskii: Thank you 🙏
Q8 Before we drift further from our focus, tell us more about the use case of $PIE? Will there be another token for BSC?
Aleksei Kopievskii: We have $PIE on ETH and BSC networks. The main purpose of the token - governance control.
Crypto Shrimp (AMA Host): i see will it be used for staking in the future use case?
Aleksei Kopievskii: It’s already used in staking
Crypto Shrimp (AMA Host): i see so there's a lot of usecase for the native token
Q9 How are other projects able to collaborate with DefiPie? is it the traditional way of staking and creating a pool?
Aleksei Kopievskii: We’re looking for TVL. Other projects are looking for staking and farming opportunities. It’s a win win strategy. Projects have to make initial deposits and create staking possibilities for their community. When we’re doing liquidity partnership, we’ll continue our work with projects in future
Crypto Shrimp (AMA Host): a win win situation is definitely attractive between projects and also the exposure of both communities will also be good too
Aleksei Kopievskii: Yes. Like a free marketing
Crypto Shrimp (AMA Host): Talking about marketing, what are in the works for that in DefiPie?
Aleksei Kopievskii: Hmm. We’re preparing a big marketing boost. Really big. But it will take at least 1-2 weeks
Crypto Shrimp (AMA Host): sounds like a big plan too
Aleksei Kopievskii: Like always
Q10 Before I forget, what are the security measures in place, since we are talking about handling of token and money involved. Will there be audits, bounty etc? What has been done in DefiPie?
Aleksei Kopievskii: Better to check our roadmap. We’ve a lot of development activities right now and a lot of other interesting things!
https://medium.com/defipie/short-term-roadmap-467e2934481b
And also, great stuff while we have AMA 😂
We're happy to announce $PIE listing on BitForexEnglish
Check link below for further info: https://support.bitforex.com/hc/en-us/articles/360058822512-BitForex-Launches-DeFiPie-DeFiPie-at-18-00-on-April-2nd-2021-GMT-8-
https://twitter.com/defipiepie/status/1377254585014816768?s=21
Crypto Shrimp (AMA Host): wow big development indeed, exchange listing and what we mentioned also bounties, theres really alot of work being put in
Aleksei Kopievskii: So, one more step from roadmap already completed ✅
Aleksei Kopievskii: With this one 🚀
Crypto Shrimp (AMA Host): that's a really fast moving pace you guys have there and these are just short term development!
Aleksei Kopievskii: Yes 👍
Q11 So what about the future or long term development/ roadmap for Defipie
Aleksei Kopievskii: Long term roadmap we’re not planning to share. A lot of things planning, but a lot of things depends on market So, stay tuned �
Q12 after all these works and development that we have talked about, I'm interested to know what's your vision for DefiPie? What do you wanna achieve?
Aleksei Kopievskii: Binance and coinbase 😂 I’m serious
Crypto Shrimp (AMA Host): nothing less than the top!
Q13 Share with us all your links to the project, so that readers can find out more and also follow the development of the project
Aleksei Kopievskii:
Subscribe to our Twitter. A lot of things coming
Q14 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ?
Aleksei Kopievskii: Already shared here 👌 We're happy to announce $PIE listing on BitForexEnglish
Check link below for further info: https://support.bitforex.com/hc/en-us/articles/360058822512-BitForex-Launches-DeFiPie-DeFiPie-at-18-00-on-April-2nd-2021-GMT-8-
https://twitter.com/defipiepie/status/1377254585014816768?s=21
Crypto Shrimp (AMA Host): that's great stuff and we have known a great deal of things to come and also excited to see the upcoming development being planned
Aleksei Kopievskii:
🚀🚀🚀
Crypto Shrimp (AMA Host): that will be all the questions I have for you today and thank you for your time introducing DeFiPie to us as well. Hope the project will go all the way to the top like you envisioned! hope you have enjoyed yourself as much too!
Aleksei Kopievskii: Thank you very much @cryptoshrimp5
