Value DeFi / Sentivate AMA Summary
Thank you to everyone who participated in our joint AMA with the Sentivate team. This was Whose and Prod’s first AMA ever, and first time publicly representing Value DeFi’s team and community.
For those who couldn’t make it, or missed some of the messages, I have provided them all below (unedited). Our Introduction and FaaS section give a really detailed overview, which we highly suggest you read!
Introduction to Value DeFi:
Hi Satoshi Club, on behalf of Value DeFi thank you for allowing us to be a part of this AMA. For those unfamiliar with our fairly-new project, Value DeFi is a decentralized finance protocol whose mission is to make DeFi safe and accessible to everyone. We design every step with the intention of simplicity and peace of mind for our users.
For users unfamiliar with decentralised finance, DeFi is an unconventional method to banking and everything finance. An up-and-coming industry, fighting the corruption of the centralised banking world. Sadly, the current DeFi sector unfairly gives advantages to those with large amounts of capital and technical proficiency. Not to mention the countless projects that offer very different products, confusing any potential new user. At Value DeFi, we pride ourselves to be the first project to bring them all under one platform. Simply a “one-stop-shop” for everything DeFi. Our product line includes: Governance Vault, Value Vaults, our very own decentralised exchange — Value Liquid, and the product which has built this amazing partnership with the Sentivate Project, farms-as-a-service or FaaS.
Value DeFi’s team is building such sophisticated contracts that becoming a new DeFi investor has become almost autonomous. Simply deposit your tokens into any of our cutting-edge products, and let our smart-contracts do all the work for you. Under our project, no matter how big or how small, generating profit on your capital has never been so safe and efficient. At Value DeFi your safety and profit are our top priority, and everyone is welcome.
FaaS Discussion
Now to discuss the product that has brought us here today, farms-as-a-service. FaaS is one of the latest innovative concepts to stem from the Value DeFi development team. We are very excited to be working with Sentivate as the first partnership on this new platform. FaaS will be the first of its kind, a liquidity mining contract designed to assist any project in safely distributing their tokens. To make this process as simplistic and safe as possible, currently in development is the FaaS Pool Creation UI. Soon any project will be able to utilise this interface to create their own unique liquidity pools. Projects will have the ability to control their desired pairs and ratios between the tokens, plus customize the exchange fees for any trading using those tokens.
Our plan for FaaS are very ambitious, so the UI will be available in 2 phases. The first phase of FaaS is for projects which have already succeeded in launching their tokens and want to use FaaS tech to bootstrap their liquidity mining to distribute their tokens, such as Sentivate. First phase is almost ready, live testing of the UI is currently undergoing. The second phase provides a complete customization package for projects who wish to create their yield farming token from scratch.
As our mission is user safety and accessibility, FaaS has an underlying key security feature for user assets. In conventional yield-farming, tokens are first required to be locked away to receive a Liquidity Pair Token. At Value DeFi, these are called VLP tokens. A Liquidity Pair Token is used to enter pools to start yield-farming. The security issue this imposes is that users essentially send away their assets to receive these tokens. Having no direct access or control over them. With Value DeFi’s FaaS, assets now stay directly into the pool being farmed, and the VLP ownership tokens stay entirely in the pool, attached to your Ethereum address. FaaS gives direct control back to its users, preventing any chance of their assets being stolen.
Question 1:
Диего | Diego | ディエゴ |
How much is the minimum $SNTVT I need to have to be able to participate in your POOLS? How long does it take to claim recommendations and remove the POOL balance?
Whose
You need sntvt and the other pairing token to add liquidity and the exact ratios for that pool in the $ amount.
Prod
No minimum, as long as the ratio requirement is met.
For example, the VALUE/SNTVT pool is 50/50. You can deposit any amount of tokens as long as the $dollar amount of both are 50/50.
Question 2:
Ileana
I understand that the Faas plan will be executed in two phases, according to this phase one is about to start, in this sense, you have an estimated time of when the second phase will be ready?
Prod
Thanks for the question. Since Phase 2 is significantly more sophisticated, it will take a few weeks longer. We don’t like putting specific dates down in case of interruptions that halt development.
With this question I can announce to all my Value DeFi readers that the November Road-Map is being put together currently, also no-date for release, but will feature another round of amazing innovative concepts, notably our new vUSD Lending Platform concept.
Question 3:
Stay Up Late
Talking about Liquidity Providers, there was some attacks in past, so how could Sentivate protect FaaS Pools on Value DeFi such as DAI | SNTVT; USDC | SNTVT, wBTC | SNTVT?
Whose
User’s funds still stay at the pool and their ownership tokens in our case VLP (similar to BPT or UNIv2) stay 100% at the pool. It is safer than normal yield farming projects where you stake these pool ownership tokens on a different platform. With Value and FaaS it is all done on a single platform in which you start earning rewards immediately as well.
Thank you for reading! If you have further questions please message me on Discord. Our inbox is always open.
Value DeFi’s Discord Link: https://discord.gg/rsEN3hd
Community Manager: @Prod
Community Manager: @Whose
