AMA series Waves With Cryptowid Telegram Community
On 20th Febuary,2021 at 2pm UTC UTC 9pm WIB Indonesia Time in the Cryptowid Telegram Group, AMA Waves started with Vladimir Zhuravlev
(Waves Tech Developer Advocate) . When campaign, 10 lucky AMA participants when best asking questions Twitter and AMA sessions will get a total prize of 50 in WAVES The following is a summary of AMA questions and answers announced by the moderator and guest speaker.
Vladimir Zhuravlev is Waves Tech developer advocate, Waves Association board member
You can follow him on twitter:
SEGMENT 1 INTRODUCTION PROJECT
1. What is Swop.fi? And what are the features and product does Swop.fi have?
Vladimir Zhuravlev: SWOP. fi is a decentralized exchange based on AMM-model combining 2 pricing formulas (Uniswap + Curve) launced on Waves Protocol. The project is quite young. This month there was a governance token ($SWOP) launch and a rapid growth of TVL. Now there are more than 39mln$ luquidity and huge trading volume
Important thing is that this was a “fair launch” – all tokens are distributed to liquidity providers
SEGMENT 2 QUESTION FROM GOOGLE FORM
1. From @justatee
What industry difference does swop.fi bring to the waves ecosystem as as the only AMM dex on waves protocol ?
Vladimir Zhuravlev : What i really like in AMM-exchanges is that even for low-trading pairs is’t always possible to trade for a fair exchange price. That’s why swOp project is really import for Waves ecosystem. Moreover, I believe that swOp and its advantages can be helpful for crypto users from other ecosystems as well, since SWOP is one of the fastest and cheapest exchanges that i know. It’s always good to have a stable working AMM-exchange, not only p2p-exchanges
2. From @cudanginh
Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Vladimir Zhuravlev : I totally agree that good UX is the key for a product adoption. DeFi itself needs to be an instrument not only for geeks, but also for regular users. Even people who don’t know about Bitcoin, yet (if there are any 🙂 ) can find it helpful. So, swop.fi team is working hard to bring attention of new users to the product, we are doing a lot of marketing in this way. Also, we do care about a product: in Waves any user can interact with applications from mobile devices, for example. So, swop is open to everyone
3. From @nazmudsadat
What is the greatest benefit of the user of SwopFi ?
Vladimir Zhuravlev : There are many AMM-exchanges in the crypto world, on different chains. Uniswap, SushiSwap, PancakeSwap… What makes SWOP different?
I would notice that SWOP takes the best from all of them: it’s not less profitable for liquidity providers than the largest exchanges on Ethereum, but much more easy to access for the traders, thanks to low fees (less than 0.50$) and friendly UX
Moreover, SWOP is having many interesting trading pairs that are not avalable on other exchanges (https://swop.fi/info)
4. From @Vengolina
What are the benefits and requirements to be a SWOPFI Liquidity provider?AND Why should provide Liquidity to you Instead of UNISWAP?
Vladimir Zhuravlev : The thing that i like the most is that for providing liquidity to any pool investors do get profits from 3 aspects:
1- exchange fees
2- pool assets staking
3- SWOP rewards
for example, if i provide liquidity for NSBT/USDN i give a triple profit: NSBT and USDN are both staked for at least ~10% APY, i collect fees from every exchange operation and finally i earn SWOP tokens (https://medium.com/swop-fi/how-swop-will-be-launched-5eecf8af559)
5. From @sohaigirl
What effect does $SWOP have on SwopFi ecosystem? Holding $SWOP , what benefits will users receive ?
Vladimir Zhuravlev :
a short disclaimer: i wouldnt give any financial advices, but as a big fan, i can describe the monetary policy of SWOP which is really exciting
this token was launched this month as a governance token for SWOP.fi product
it has pretty interesting mechanics: first, holders can vote for the importances of different pools
second, it’s stakable. 40% of each exchange commission are going to buyback the SWOP tokens and distribute them to the SWOP stakers. this allows to have a buy pressure on the market
the last, but not leat, investors can lock their SWOPs to the SWOP/USDN liquidity pool which currently has…. 250% APY.
check more details out https://medium.com/swop-fi/what-will-be-the-swop-tokens-price-55921fbe6456
SEGMENT 3 FREE ASKING
1. What are your plans for this year 2021? Can you share it with us?
Vladimir Zhuravlev : I can share the plans for the shortest period of time. In the next couple of months the team is going to launch custom pools functionality – so you will be able to list you project’s token. The next thing is more goernanve opportunities for SWOP token. For example, SWOP holders will be able to vore for weights off liquidity pools, which means for their APY
Talking about 2021 in general, I hope to see much marketing activity around thw product. It has an amazing growth potential
2. How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?
Vladimir Zhuravlev : Local communities is a focus for the whole Waves Association right now. We want not only promote the technology to different markets, but also collect feedback about what different people need. Only after collecting “the wisdom of crowd” Waves (and crypto in general) will get a real mass adoption and become impactful
We are now holding many events on different languages, thanks to our marketing team
3. DeFi project is very popular and there are many DeFi projects right now, what are your plans for now? what makes $WAVES unique?
Vladimir Zhuravlev : Now most of the DeFi products are built on Ethereum which has many disadvantages we all know about: not scalable, high fees, etc.. BSC rapid growth has shown that crypto users are ready to try different things. I believe that Waves is a good basis for the next generation of DeFi – simple smart contracts, awesome developer tools, flat fees, cheap txns.. what else do you need?
Another thing, I’d mention here is cross-chain DeFi. In my opinion, collecting advantages of different chains will allow creating the most stable and profitable DeFi product. Can you imagine Waves- or BSC-based DeFi product with Ethereum users base? This will be possible with Gravity Protocol gravity.tech
4. Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Vladimir Zhuravlev : Talking about SWOP it has a regular buyback system – every day upto 1% of trading volume is bought using the value collected from governance fees at swop.fi
5. Waves has been launched and listed (nearly 5 years), how many projects have been implemented? What are the items? Does Waves have SDK? What is the biggest challenge Waves will face in the future, and how do you plan to deal with it? Can you tell me the impact of the important ecosystem and marketing that you support on the DeFi project in cooperation with Waves?
Vladimir Zhuravlev : Exactly, Waves is very experienced protocol. For these 5 years team has achieved many things: Waves-NG, RIDE smart contracts, tools like Waves Keeper, Waves Signer.. but that’s only the beginning!
Now there are many challenges in front of Waves Association. We see that our tech perfectly fits the needs of DeFi sector. And the case of successful Swop launch proves it. Moreover, there are other projects like Neutrino and Gravity that are currently fighting for their place on the market.
In this Alt-season Waves remains one of the most desired protocols, and i’m proud of this. We welcome anyone to explore more about the ecosystem on the website: waves.tech
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