AMA with Yearn Agnostic
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Welcome to the recap of our AMA with Yearn Agnostic !!
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Yearn Agnostic is about, we are sure this recap is gonna help you. So without further ado, continue reading
Introduction with Yearn Agnostic
Keymer:
Please introduce yourself to our community
Jay@yc:
My name is Judith and I am here today with two other team members.
We have a committed and dedicated team behind the YearnAgnostic project with decades of experience in blockchain, security, finance, marketing,etc together with world-class partner companies who are jointly building unmatched leading products of yAgnostic to the DeFi Ecosystem.
YearnAgnostic is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum, blockchain, Tron chain, Binance smart chain, Polkadot etc., focusing on simplicity, user experience, privacy and global adoption.
So basically, YearnAgnostic is bringing Blockchain Agnostic into the DeFi Ecosystem, and as an independent fork of yearn.finance with improvements, our primary focus is on security, simplicity, user experience, privacy and global adoption.
We are providing a classical way to optimally earn yield on assets. Its governance underline token is called YFIAG.
Keymer:
Q1. Can you provide a brief introduction to the core team behind Yearn Agnostic?
YearnAgnostic:
As we have mentioned above, we have a committed and dedicated team behind the YearnAgnostic project with decades of experience in blockchain, security, finance, marketing,etc together with world-class partner companies who are jointly building unmatched leading products of yAgnostic to the DeFi Ecosystem.
Keymer:
Q2. Can you talk a bit about what innovations has Yearn Agnostic brought to the table for DeFi?
YearnAgnostic:
Since YearnAgnostic is bringing Blockchain Agnostic into the DeFi Ecosystem, and its supports DeFi projects deployed on Ethereum, blockchain, Tron chain, Binance smart chain, Polkadot etc., as mentioned above, by focusing on simplicity, user experience, privacy and global adoption, we are providing an unmatched classical way to optimally earn yield on assets
Keymer:
Q3. Can you talk about the products and features ?
Jay@yc:
Our core products and features are; Staking, Lending, Yield farming, Vault, Governance, Zap, and full suite of Mobile Application for effective management of assets that helps to bring the best Defi protocols such as Compound, Uniswap, Synthetix, Fulcrum, dYdX, Aave, Nuo, Balancer, Curve, and many others to the masses.
In addition, we have staking platform already: https://yearnagnostic.finance/stake/. With the staking, holders of YFIAG can earn more YFIAG tokens with best APR. Check for more info here: https://yearnagnostic.medium.com/yearnagnostic-yfiag-staking-is-live-a05e85996731
Vault on multi-chains is another of our core products which will be launched early this year. Check our roadmap for precise dates: https://yearnagnostic.finance/roadmap/
Keymer:
Q4. What is Yearn Agnostic gunning for further in 2021 ?
YearnAgnostic:
From our roadmap, https://yearnagnostic.finance/roadmap/, we have successfully completed all deliverables and promises from Q1 of 2020 to the present time. We have managed to meet all expectations. The team is presently working on product development in Q1 of 2021, and in due time we shall make the announcement about our exciting product launch. Stay tuned.
Kindly check our medium for frequent updates about what we have achieved and what we aim to achieve next: https://yearnagnostic.medium.com/
Community ask question by Website
Keymer:
1- Website question.
Telegram Username: @Wormz28
Engagement across any sort of social platform is a key metric for any brand, advertiser, business or influencer. So how does YearnAgnostic Project keep their communities satisfied and engaged? Also what are the unique features of YFIAG?
YearnAgnostic:
As a Cross-Chain DeFi Aggregator Platform Fueling Global Adoption, and bringing simplicity, user experience, security and privacy, our unwavering mission is in ensuring that we bring about successful global adoption and connecting everyone to the decentralized finance (Defi) ecosystem.
Therefore, we absolutely understand that we cannot achieve this mission without recognising the importance of our community.. That is the reason we have adopted different marketing strategies including AMA sessions, building formidable partnerships, and bringing excellent and unmatched products to showcase our commitment to the ecosystem and the global community at large. We have also relentlessly published our products development report on a weekly to show our commitment to the delivery of every promises on our roadmap
In addition, our core products and features are; Staking, Lending, Yield farming, Vault, Governance, Zap, and full suite of Mobile Application for effective management of assets that helps to bring the best Defi protocols such as Compound, Uniswap, Synthetix, Fulcrum, dYdX, Aave, Nuo, Balancer, Curve, and many others to the masses.
Keymer:
2- Website question.
Telegram Username: @JoanaZ
Recently YearnAgnostic has done so many AMA session and answers dozen of questions, so you platform has had changes thanks to the inclusion members? The Yearnagnostic stakers have been increased?
YearnAgnostic:
We want to appreciate the commitment and support our community has shown us from inception. Regarding the amount of people staking, we can categorically say that the amount of stakers has increased dramatically, mostly because of our continuous engagement and weekly report of our product development. Moreover, if you have followed us in the past weeks, you will see YearnAgnostic has the support of renowned celebrities globally. Someone like the American rapper, actor, songwriter, television host, and radio personality, Alvin Nathaniel Joiner, popularly known as Xzibit, who tweeted about #YFIAG.
https://twitter.com/xzibit/status/1367934928554364930
Also, a Mexican fashion model, business entrepreneur, actress, and talk-show host, Montserrat Oliver (@Montserrat33), showing her unwavering support for #YFIAG. https://twitter.com/Montserrat33/status/1371851769979019270
And many have also contacted us privately, waiting for the release of our products before showing their full support. Therefore, we are optimistic that YearnAgnpstic will become a household name very soon.
Keymer:
3- Website question.
Telegram Username: @romadel33
Looking at your site wed, I found that YearnAgnostic works with cross chain technology, my question is, in your loan system do you work with multicurrency loan? can you apply for a loan in one token and pay it with another cryptocurrency?
YearnAgnostic:
Borrow product launch is scheduled to be released in Q2 — Q3 2021. For now, we are focusing on releasing our vaults product in a few weeks time. We encourage you to join our community telegram announcement channels to keep up with update features, partnerships, exchange listings etc.. and of course you will get to have more clarity regarding our Borrow product when released.
Community ask Questions by Twitter
Keymer:
1- YearnAgnostic Finance supports DeFi projects implemented on the ETH blockchain, BSC, Tron. One of the problems with this type of mergers is interoperability. How does yAgnostic make sure that there is no decay in its operations and interoperability between chains is seamless?
By: @TheShadowJK_1
YearnAgnostic:
1. YearnAgnostic Finance takes full advantage of its cross-chain features in order to power trading between assets from multiple blockchains using bridge proprietary module. The type of cross-chain transactions presently supported on yearnagnostic finance Bridge is Burn and Mint transactions where the users can burn pegged assets from one host chain and mint the equivalent amount of pegged assets on another host chain. So this unique bridge system ensures seamless operations between the multiple integrated blockchains.
Keymer:
2- YearnAgnostic provides optimal performance or maximizes returns on assets. It is mentioned that it is by betting or lending your assets, but will they be assets in $YFIAG or other crypto on the ETH blockchain or other blockchains? What benefits do users get from owning $YFIAG?
By: @dani_dani23
YearnAgnostic:
Well, the benefits users get from owning YFIAG are listed below:
YearnAgnostic Finance is a token-based ecosystem, and the underline governance token is YFIAG Token. With the YFIAG token , the holders are eligible to cast a vote regarding any major issues or decisions that affect the YearnAgnostic ecosystem. We believe that through this level playing ground of voting, it will bring fairness and equity to our dear community.
Moreover, YFIAG toke holders can stake their tokens to earn more YFIAG tokens, and you can check for more info here: https://yearnagnostic.medium.com/yearnagnostic-yfiag-staking-is-live-a05e85996731
We have incremental token burn in place. With the token burn, the total supply of YFIAG in the market would be reduced which would potentially contribute to an increase in token price.
Read more information about our token burn strategy here:https://yearnagnostic.medium.com/yearnagnostic-yfiag-incremental-token-burn-ced18ba482b5
In summary, we encourage everyone to join our community because there are several developments and information that would benefit the community and the YFIAG token greatly.
Here is the link to yearnagnostic finance telegram channel: https://t.me/yearnagnostic
Keymer:
3- what is the cost of using your proxy services? and how do they handle the issue of asset security?
By: @QuinnJosephine4
YearnAgnostic:
We don’t have any proxy services. To know more about YearnAgnostic, please visit our website: https://yearnagnostic.finance/ , Medium: https://yearnagnostic.medium.com/ and join our telegram announcement channel: https://t.me/yearnagnostichannel
Telegram live Questions answered by Yearn Agnostic
Q1 from K e l l y:
Over the past few years, many cryptocurrencies have tended to be hacked … what can you guarantee to your crypto traders that YearnAgnostic has strong security and privacy to prevent hacking?
YearnAgnostic:
We absolutely understand the importance of security as there are several hackers out there with malicious intent always trying to find ways to trick/bridge the systems to benefit themselves. At YearnAgnostic, we have committed team members with specialized skills in blockchain network security and auditing to ensure sufficient protection against any possible cyber attacks
On privacy issues, YearnAgnostic privacy feature mixes transactions using zero-knowledge proofs, which obscures users and their deposited assets. By using smart contracts, depositors have some level of transparency in having third-parties verify that those contracts work as intended, while still keeping user privacy intact.
Q2 from Moonlight©:
Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Jay@yc:
Our core products and features are; Staking, Lending, Yield farming, Vault, Governance, Zap, and full suite of Mobile Application for effective management of assets that helps to bring the best Defi protocols such as Compound, Uniswap, Synthetix, Fulcrum, dYdX, Aave, Nuo, Balancer, Curve, and many others to the masses.
How it works:
We havestaking platform already: https://yearnagnostic.finance/stake/. With the staking, holders of YFIAG can earn more YFIAG tokens with best APR. Check for more info here: https://yearnagnostic.medium.com/yearnagnostic-yfiag-staking-is-live-a05e85996731
Vault on multi-chains is another of our core products which will be launched early this year. Check our roadmap for precise dates: https://yearnagnostic.finance/roadmap/
Q3 from Kaulxp:
I am interested in this YearnAgnostic project, but you know many projects like yours? why do we have to choose your project? what are the advantages of this project compared to other projects ??
JJyADMINn:
A Cross-Chain DeFi Aggregator Platform Fueling Global Adoption, we are providing an unmatched classical way to optimally earn yield on assets.
Q4 from Yasuo Hào:
Smart contracts are susceptible to failure .. Has YearnAgnostic smart contract been audited externally?
YearnAgnostic:
Yes, we have in house auditor that audited our contracts. And for more assurance, external auditor had also audited our contract.
Q5 from Yasuo Hào:
What does YearnAgnostic plan to help drive demand and token scarcity?
JJyADMINn:
One of the strategy we are implementing to create scarcity is through incremental token burn. With the token burn, the total supply of YFIAG in the market would be reduced which would potentially contribute to an increase in token price.
Read more information about our token burn strategy here:https://yearnagnostic.medium.com/yearnagnostic-yfiag-incremental-token-burn-ced18ba482b5
Q6 from MR🐱🐉 Giang:
Currently there are many blockchain projects, what will be the reason for your YearnAgnostic project to be widely used in the future?
JJyADMINn:
As you know, YearnAgnostic is bringing agnostic blockchain which means that multiple blockchains such as Binance chain, Polkadot chain, Tron chain, Ethereum etc can communicate effectively on one platform.
For example, when you use a particular network or distributed ledger, the developers are restricted to select only one specific protocol or technology as the foundation for building their products. This will consequently lead to a serious problem that users of other protocols cannot use their application. Also, the organizations cannot make use of the desirable functionalities from other protocols to produce a well rounded and efficient product. This makes the platform economically inefficient and fragmented. So, with blockchain agnostic, different protocols and chains can communicate together effectively which lead to global adoption. This is the long term benefit and competitive edge that YearnAgnostic is bringing to the crypto universe.