AMA with MetaPool

Introduction with MetaPool

Rio 🇸🇬:
first of all its awesome to be here and be connected to the community

Thanks for having me here and good afternoon all friends of CryptoNesia, my name is Daniel. I’m the tech lead of MetaFinance. Before blockchain, I have 20 years of experience in banking and traditional finance(tradfi). i am like a reformed banker that saw the light...the defi light ! With sheer interest I entered the blockchain space in 2013, and have been working with multiple blockchain and DeFi projects since then. So I have the privilege to witness the development of the entire crypto industry.

Celeb | Decentralized Club:
2) In short sentences, please tell us what is MetaFinance?

Please reply with a done or tick when you are done answering a question

Rio 🇸🇬:
MetaFinance is an one-stop DeFi service hub with DAO governance. It currently comprises with 5 parts: Metaboard, MetaFund, MetaTrigger, MetaDAO, MetaPool. In the next phase we are going to deploy 5 additional and important modules so DeFi users can fulfill their financial needs on-chain in one place.

why go anywhere else ? everything is here...at MetaFinance

one stop shop

Celeb | Decentralized Club:
This modules can you give us a brief review of each of them

Just a short note

Rio 🇸🇬:
with pleasure

actually let me give more context so that its crystal clear

Celeb | Decentralized Club:
Alright

Rio 🇸🇬:
Full MetaFinance DeFi service hub comprises of 9 parts:
- Metaboard(a decentralized referral and advertising system)
- MetaFund (a DAO-driven community fund that invests in early stage blockchain projects)
- MetaTrigger (an auto-compounding yield aggregator)
- MetaDAO (The DAO governance of MetaFinance)
- MetaPool (the farming pool of MetaFinance)
- MetaDEX (the liquidity aggregator of all decentralized exchanges)
- MetaOP (the decentralized derivative trading platform)
- MetaBM (decentralized lending&borrowing)
- MetaChain (a DeFi-focused blockchain based on Polkadot)

Celeb | Decentralized Club:
This is great each module has it use case

Rio 🇸🇬:
yes we are product centric

and we adopt Agile methodology to roll out each product fast whilst getting real time feedback from users so we keep fine tuning

Celeb | Decentralized Club:
Noted

Rio 🇸🇬:
that means we are user centric and product centric

to answer your question 3...

Celeb | Decentralized Club:
Okay

3) As you mentioned that you have experience in both traditional finance and DeFi, do you believe that DeFi would replace it?

Can we move to question 4

Rio 🇸🇬:
First of all lets be clear what Defi is and how it differs from traditional finance, “DeFi” is a general term for an evolving trend. Broadly, it is a category of blockchain-based decentralized applications (DApps) for financial services. DeFi encompasses a variety of technologies, business models and organizational structures, generally replacing traditional forms of intermediation. DeFi transac-tions involve digital assets and generally operate on top of base-layer settlement platforms.

DeFi services may be made available to users through centralized web applications or permission-less interfaces such as programmable wallets or smart contracts. They may be provided by a tradi-tional controlling entity, a community around a non-profit entity or a decentralized autonomous organization (DAO), in which rights and obligations are specified in smart contracts.

While the space is evolving quickly, I offer a functional description to distinguish DeFi from tradi-tional financial services and auxiliary services. A DeFi protocol, service or business model has the following four characteristics:

1. Financial services or products
2. Trust-minimized operation and settlement
3. Non-custodial design
4. Programmable, open and composable architecture

Importantly, these characteristics represent the aspirations for DeFi. Businesses will exhibit each of these characteristics to varying degrees, and this may be fluid over projects’ lifetimes.Broadly speaking, the goal of DeFi solutions is to provide functions analogous to, and potentially beyond, those offered by traditional financial service providers, without reliance on central intermediaries or institutions.

To finally answer your question, ultimately traditional finance will evolve and morph into Defi with the additional layer of well defined regulatory oversight, which is yet to emerge.

Celeb | Decentralized Club:
A minute to read up

Rio 🇸🇬:
happy to move to question 4 once you read it :)

Celeb | Decentralized Club:
Love the last paragraph

Rio 🇸🇬:
thanks bro

yoda moment

Celeb | Decentralized Club:
Looks like we on high speed here lols

4) Tell us more about MetaFinance’s product and how does it work.

Take your time

Rio 🇸🇬:
lets recap (sorry to repeat but need to ensure we all have context )so that we are clear...as i wrote earlier, the full MetaFinance DeFi service hub comprises of 9 parts:
- Metaboard(a decentralized referral and advertising system)
- MetaFund (a DAO-driven community fund that invests in early stage blockchain projects)
- MetaTrigger (an auto-compounding yield aggregator)
- MetaDAO (The DAO governance of MetaFinance)
- MetaPool (the farming pool of MetaFinance)
- MetaDEX (the liquidity aggregator of all decentralized exchanges)
- MetaOP (the decentralized derivative trading platform)
- MetaBM (decentralized lending&borrowing)
- MetaChain (a DeFi-focused blockchain based on Polkadot)

MetaFinance is run on a dual-token system: $MFI is the governance token that can be used through all the modules representing the governance right, being used as a collateral, and being used for fee paying for usage. Users can acquire $MFI through direct purchasing, earning from purchasing a Metaboard, or staking $MFI in MetaPool.

$MFS is the token as the proof of revenue sharing. Users can exchange $MFS for yield from MetaFund, and MetaTrigger by burning.

Celeb | Decentralized Club:
5) We know that MetaFinance has been around for nearly 1 year. What are the major achievements of MetaFinance? Tell us more about the product and tokeneconomics?

Rio 🇸🇬:
Yes, first, we have successfully deployed MetaFinance to three blockchains: Ethereum, Heco, and BSC.

Second, the MetaFinance has also gone through security audits by multiple institutions including Knownsec, and has been operating without any security breach incidents for nearly 1 year.

Third, market-wise we have secured over 12000 members in Asian countries like China and Vietnam, and have successfully built up local communities there too.

Finally, our MetaFund has made multiple successful exits and distributed the tokens to community members. Projects we invested include: Bandot, RARA NFT, ETHA, O3 Swap etc. We have made $BDT and $ETHA claims available to $MFS holders and members who successfully made the exchange has already made 500%+ gain.

Regarding token economics, as mentioned earlier, MetaFinance is run on a dual-token system: $MFI is the governance token that can be used through all the modules representing the governance right, being used as a collateral, and being used for fee paying for usage. Users can acquire $MFI through direct purchasing, earning from purchasing a Metaboard, or staking $MFI in MetaPool.

$MFS is the token as the proof of revenue sharing. Users can exchange $MFS for yield from MetaFund, and MetaTrigger by burning.

Celeb | Decentralized Club:
How do. You intend to maintain price stability of token

Rio 🇸🇬:
Our token model where MFI is a voting token that is converted/can be converted into MFS token (revenue sharing) Which then is burned, iliminates the dumping that occurs with freely fluctuating tokens without this feature

one needs to convert MFI into MFS , and MFS needs to be burned to realise yields

there is no inherent dumping in the model

Celeb | Decentralized Club:
Thank you for your apt answers so far

Rio 🇸🇬:
my pleasure

Celeb | Decentralized Club:
The last question for this segment

6) As many are expecting another DeFi summer and we see the clues from recent market, so what are the next steps for MetaFinance.

Rio 🇸🇬:
First, in the 2021 Q3Q4 quarter, we will welcome important updates representing MetaFinance V2:

In summary:

A- New user vision and interactive experience
B-MetaDEX aggregator
C-Stable Coin yield aggregator pool
D-Update the economics model of tokens
E-Digital identity and NFT empowerment
F-Open and inclusive encryption community
There will also be a rebranding campaign for MetaFinance too.
Second, we will be initiating more community-building campaigns including Ambassador Program. Competent enthusiasts will get the opportunity to join our ambassador team and get exclusive benefits by contributing to MetaFinance.

Community ask questions from Twitter

Celeb | Decentralized Club:
Twitter question no 1.
From : @Greyhair_08

During my research on your project, I discover you have two pools: pool 1 and pool 2. Could you give a comprehensive details about each pools, staking opportunities in each pools and the conditions needed to join the pools?

Rio 🇸🇬:
Pool 1 is for ETH-MFI liquidity provider. Pool2 is a Curve-style lock-and-stake pool. Both allow you to earn $MFI

The difference is that Pool 1 may incur loss due to the price fluctuation

Pool2 doesn't incur any t loss but you may need to sacrifice liquidity due to lockup

Celeb | Decentralized Club:
Twitter question no 2.
From : @CabreraEdelis

Meta currently has 3 modules available, Metaboard, Pool and DAO. However, of the next modules to be released, which one has the development almost complete and will be released first?

Rio 🇸🇬:
For now according to our development plan and current progress, MetaDEX would be most likely the first to be delivered. Different from other easy 'swaps', our DEX is an aggregator of liquidity of different swaps and DEX. It would also contain a launchpad which enables IDO

We are expecting this module to be delivered in 2months

Celeb | Decentralized Club:
Last question for this segment

Twitter question no 3.
From : @luckyjem02

What is #MetaPool revenue model? In which ways do you generate revenue/profit?So many projects just like to speak about the "long term vision and mission" but what are your short terms objectives? What are you focusing right now?

Rio 🇸🇬:
There are quite a few ways: 1. MetaBoard provides exposure for projects and influencers and they have to buy a MetaBoard with pETH 2. MetaDEX/MetaTrigger generates revenue through transaction fees

Same model applies to MetaOP/MetaBM in the future too

3. MetaFund generates profit through exits

So basically each module has its own revenue model and all linked back to $MFI and $MFS

we have a well thought -out and tried and tested model that is taking off

Celeb | Decentralized Club:
Noted

Rio 🇸🇬:
right fam, i need to jump off now

but it has been a pleasure answering all the questions

Community ask questions from Website

Celeb | Decentralized Club:
How does Your system prevent users with many tokens from having a lot of power and votes?

Telegram Username: @Fiyako12

Rio 🇸🇬:
ok i have hard stop at 5pm singapore time

to answer ur last question:

Our governance use a quadratic rather than proportionate voting system

Which means voting power doesn't simply equal token holding. We have nodes and super nodes in Governance stage 1.0 so we ensure the voting power resides in the hands of entrusted and actively engaging members of the community

Celeb | Decentralized Club:
Okay send links and websites so participants can send questions there

Rio 🇸🇬:
This is a balance of elitism and democracy

its ok i have 7 min left

more questions please

Celeb | Decentralized Club:
Why do you deduct a percentage of tokens from a user pools

Telegram Username: @shrazz2

Can you talk a bit about your staking apys and how do you prevent whales from dumping tokens on retailers

Telegram Username: @Joshblaze

Can you answer

So we can quickly do. Live on 3 mins or 2 mins

Rio 🇸🇬:
Can you talk a bit about your staking apys and how do you prevent whales from dumping tokens on retailers

First the secondary market is free to trade essentially so we don't put restrictions on that on purpose. But if you have a look at our holder addresses, you will realise that the whales are almost all long term locked up stakers (24 months) of $MFI

Why do you deduct a percentage of tokens from a user pools

We don’t actually take a withdrawal fee or deposit fee

Live Questions answered by MetaPool

Rio 🇸🇬:
security:

MetaFinance has also gone through security audits by multiple institutions including Knownsec, and has been operating without any security breach incidents for nearly 1 year.

our algos also are based on what we learned from banking and hedge funds (what they use) to verify security and integrity of trades (inbound and outbound)

Decentralisation: we are trully defi as we are built on a decentralised layer

competitive advantage...

There e are many DeFi protocols out there but mostly just offer one or two functions like Compound in lending or Uniswap in trading. More sophisticated users know how to borrow from MakerDAO to add more leverages to kinda do margin trading with all the DeFi infrastructures. However, this is not the case for the mass, the 99%, you can’t expect them to go to 5-6 different protocols to perform more advanced strategies. Still remember how complicated Compound yield farming was last year? You have to go to many places to get a decent yield. What MetaFinance envisions is that we want to build a product that arm more average people with tools that are easier-to-use but capable of performing more advanced DeFi strategies

We are entering an era of global cryptocurrency competition, where more options bring more transactions, and more transactions generate more transaction fees. If you want to benefit from a complex crypto strategies but lack the time and patience to spend your days frequently clicking and moving digital assets around, then Meta finance will be your number one choice.

Metapool offers a vision of how a group of people with superb technical backgrounds can safely and collectively build the future of global finance to outperform the giants of the traditional financial world.

Our DEX exchange aggregates liquidity from an Universe of dex exchanges and splits trades between them to arrive at best prices. Our algorithm verifies integrity of the exchanges so that we are always 100 percent secure.

Celeb | Decentralized Club:
Great informations here

Rio 🇸🇬:
Please note that this is interview is for educational and entertainment purposes only and I am not providing any investment advice....

...First of all we have scarcity . The total number of tokens in issuance is 420000. MFI is governance token to vote on proposals and make decisions on direction of Metapool DAO.
Functionality :
Dao governance : holders can vote. By staking MFI , users are able to earn MFS (Revenue share token). MFS holders can exchange the token for the any of the tokens from projects that metafund has funded or exchange MFS with yield aggregator. In metafinance the yield is shared with MFS holders. By holding MFI, we stake it to get MFS token and we burn MFS to get yield or to get funded projects tokens. Therefore there is no dumping of tokens in this model which is a key advantage and USP of our model.

In september we will deploy DEX aggregator that works out the best crypto prices across decentralized exchanges.The platform governance token is MFI.our DEX aggregator essentially scrapes decentralized exchanges for the cheapest prices and reroutes its customers’ trades between them to try and ensure that they're getting the best prices.

Advantages: we aggregate liquidity and we open gate for long tail assets to be accessed so its easier to trade on the chain. We remove barriers to entry for newer tokens and remove liquidity silos - users access all tokens in one place .

I hope the above addresses some of the questions i saw regarding security, decentralisation, USP ...and our DEX

i saw one about marketing...let me tell u something tesla never spends a penny on marketing to sell tesla...its all word of mouth and power of community...

right thats all folks !

over and out

love you all - stay safe and thanks for the interest in our project

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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