Waterfall protocol AMA Transcript
" A decentralized structured fund "
Hello everyone and welcome to the AMA with Waterfall Protocol! Today we have @Jeffrey_Shaw_DAO joining us to talk about their exciting new project. Great to have you here :)
Alright! Without further due, we will jump right into the questions. Sounds good with you?
Yes, let's get started!
Great, so to kick things off, for those who may be unfamiliar...
1. Please introduce yourself and the team behind Waterfall Protocol
Hi, my name is Jeffrey SHAW, a business development contributor to Waterfall Protocol's DAO. I joined the cryptocurrency space back in 2017.
I started experimenting with trading and mining cryptocurrencies on my own, and I quickly became fascinated by the idea and committed to a cryptocurrency-related career.
Our core team members come from all over the world and are veteran players in blockchain-related industries. Our white paper has specific information about the core team, you can go to the project official website to search and view.
Awesome. Thank you for the introduction, sounds like you have an amazing team behind you
2. What is Waterfall Protocol and what are you trying to accomplish with your platform?
Waterfall Protocol is a decentralized structure fund incubated by top blockchain-related technical teams, aiming to bring users a more secure, customizable and composable hierarchical structure protocol. The protocol mainly focuses on Risk classification and composability of assets.
Okay neat, so to dive even deeper into that
3. Can you tell us more about your token?
Utilities: Waterfall Protocol is also working to create a new aggregation track, combining different user profiles to provide services to investors, traders, project parties, retail investors and other types. $WTF is the layout on Defi, and provides a reasonable combination of financial products, and further cooperates with B-side and retail users. The purpose is to integrate services to users in the entire industry and obtain more order flow.
Tokenomics: $WTF is a community governance token, designed to ensure the decentralized and sustainable development of a community. Waterfall will reward outstanding community contributors, ecosystem builders, and partners to promote community development., Being no initial issuance, a 2-week Genesis mining event will be held when the project launches, aiming to provide the community with initial tokens so that community members can vote or trade by owning the tokens. The total amount of incentive during the Genesis mining period is 12% of the total, of which 4.5% is mined through asset staking pools, 6% is distributed to fund users in proportion to their deposits, and 1.5% is placed in social media campaigns such as Twitter, Discord, and Facebook.
Okay awesome so to touch more on the ecosystem using the $WTF token
4. Please explain the features on your app
Waterfall Protocol is a decentralized structured fund that brings users a more secure customizable, composable hierarchical structure protocol. The main focus of the protocol is on the risk classification and composability of assets.
Graded fund is an innovative leveraged investment tool in the capital market, also known as "structured fund". inferior or high risk). Investors can choose according to different risk preferences.
After users invest assets in the fund, they will get a corresponding amount of treasury tokens. Through the flexible treasury Token utilization scheme, more financial functions can be realized. For example: loan, transfer, compound interest, etc.
5. What makes your project unique compared to the other projects out there?
There are many liquidity mining projects on the market, such as: YFI, YFI, Curve, Uniswap, SushiSwap, DODO, YAM, UMA, SUN, MDEX, Balancer, etc. However, due to the calculation rules of the constant market maker model, liquidity providers cannot guarantee that their principal will not be lost, and "impermanent losses" will occur. No other protocol is doing a risk solution to avoid "impermanent loss".
Cool! Moving on..
6. Please tell us more about Waterfall Protocol’s defi-integration
Waterfall Protocol is building a system to revolutionize the crypto industry. The project draws on the structured fund model in the traditional financial industry, divides the main fund into two sub-funds, diversifies risks, helps investors with different risk preferences to complement each other, and provides them with more investment opportunities.
The advantages of enabling DeFi integration are: minimizing contract risk by using carefully selected advanced protocols, and maximizing capital returns by detecting the highest-returning mining pools in the ecosystem. The ability for users to manage from the vault reduces the wear and tear of on-chain behavior while increasing security and convenience.
Sounds good! Most importantly
7. Are you audited? How can users be assured that their funds are safe?
Security is definitely one of our top priorities, so our contract content has been checked by professionals inside and outside the team, including members from imToken and the Ethereum Foundation.
In addition, we are currently in contact with the top audit firms in the market, such as OpenZeppelin, which is expected to complete the audit in the second quarter of this year, and will upload the report to our website.
Great to hear that it will be uploaded to your website! Transparency is important when it comes to audit
8. Where are you on your roadmap and what are your future plans?
For us, the next big milestone is the public offering phase, and now we are conducting an airdrop event. You can follow our Twitter to learn about the latest project-related content.
Complete the fundamental contract.
Deployment completed on ETH Chain.
lntegrate Curve Protocol.
Integrate DEX protocol.
Integrate borrow and lend contract.
Develop GARCH models.
Integrate YFI Protocol.
Integrate LID0 Protocol.
Integration with mainstream DeFi protocols.
Support multi-layer Protocol.
Complete lending contract for Vault Token.
Complete the core contract development of the protocol.
Concentrate on composability of protocols.
Focus on more structures.
Development on EVM public chain.
Development on non-EVM public chain.
Development on other mainstream public chains.
Brilliant, thank you! Lots to look forward to. Last but not least
9. Any exciting news you would like to announce here today?
We closed a $2 million financing. Announced our TGE (Token Generation Event) at the end of April. In terms of development, the on-chain indexing program was completed, the protocol database was populated, and the alpha of the Waterfall.gold front-end was completed.
Recently, there is a plan to submit the project governance token $WTF to the exchange, and it is currently in contact with major exchanges.
You can keep following our project updates on our official website and social media.
How exciting! Make sure that you guys go and check out Waterfall Protocol! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem!
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
- Bitcoin CashLT£432.469£15.46+2.84%
- Dodge CoinLT£201.12£15.46+2.84%