We are pleased to announce our next AMA on October 13th 2020 at 02:00 PM UTC Time: Satoshi Club x Y Financial
⚠️Click to see the hour
⚠️Total Reward pool: $1500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Y Financial Telegram group
We will have the following structure:
Part 1: 350$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 9 Questions will be selected from our website – please submit your questions in the comments section of this post. 3 Question will be selected from
Part 2: 350$/15 users – Open chat for 80 seconds. You can post Max 5 questions. Y Financial Team will select 15 questions and answer them.
Part 3: 800$ – A quiz about Y Financial
For more details:
Y Financial – @Yfinancial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Y Financial is said to combine four top performing assets within DeFi and Yield Farming to combine them as one index fund. How often are those four assets updated and how are they evaluated?
If Ethereum would soon implement a layer-2 solution to its network to highly reduce the gas fees as it’s anticipated, how would Y Financial expect to gain more adoption after this? After all, Y Financials trump card on the market are the lower fees while investing in DeFi / Yield Farming products.
If we’re as users holding your native YDOT tokens, what kind of governance can we actually participate in? Can we for example vote for the assets that are chosen as the four investment assets inn your index fund?
I read that YFIN is an index token, combining 4 top performing tokens in the DeFi space.
You invest in just one token (YFIN) and without any hassle you automatically benefit from four different assets… Can you make this clear. How are the top 4 performing tokens selected and how can a user benefit from the four tokens using just YFIN..what happen if the top 4 performing tokens end up having different trends
You claim to be running a fully automated yield farming can you explain what parts of your yield farming are completely automated. Are things like the selection of the four top defi tokens automated.? and how soon will this your automated platform be audited so users can be sure that your algorithms are secured and work as they should
Currently The YFIN target price is pegged to the underlying Core4 tokens.
The current Core4 tokens are: YFI, YFII, UNI, and SUSHI… Why were this 4 tokens selected are they the current top 4 performing defi tokens..when will this tokens be replaced by other tokens
SMARTER YIELD FARMING?
I can see in your website that you focust in delivering a smarter yield farming.my question is this.What makes your project unique and smarter than others and what are your goals and roadmap so as to acheive and maintain the motto of your project- SMARTER YIELD FARMING
defi is the hottest project of the year, and I saw many projects with initial Y at such a high price and surpassing BTC how do Y FINANCIAL think to face the competition in crypto projects
When it’s time to vote, the more YDOT tokens that people have, the more valuable will they have in hand? So maybe there won’t be an equilibrium with low investors? It is best to follow the majority of others and consult household opinions to get the best choice.
You said that investing in YFIN index allows for less volatility.please explain more in this YFIN index.How can u solve high volatility issue considering the fact that defi tokens are highly volatile
Do 4 Y Financial assets have an association? What are those tokens supporting each other? Do you think any 1 asset will be supported by the remaining 3 for development? Or do 4 of them develop and support each other equally?
Do the Core4 tokens (YFI, YFII, UNI, and SUSHI) currently have a helping link? Or is it competing in the market?
Right now I have a very good impression of UNI and Sushi as it has taken and stormed the crypto market. However, YFI, YFII still have, but am I really normal? So what are your intentions for the 2 tokens to grow together and get hot in the market? Please give a few ideas to make it stand out and different from UNI and SUSHI.
With many Defi projects that turns out to be scam after the tokensale. I failed to find your whitepaper and roadmap in your website and just having a single medium article to read about your project. How will you convince the investors of Y.Finance’s legitimacy with little information available?
“Investing in the YFIN index allows for less volatility and gives investors and yield farmers the opportunity to invest in four products at once and significantly reduce costs.”
When you say significantly reduce cost, how much reduction of fees are you talkin about. Is there a table or chart available that gives the farmers/investors a idea on how much they can save.
Where YDOT is already a main asset of Y.Financial then why they are demanding YFIN for staking?
Also if they offering YDOT as reward by staking YFIN then it will create sell pressure and YFIN will create buy pressure!How will they manage then to normalize it?
Your index token YFIN is pegged to four tokens: YFI, YFII, UNI, and SUSHI. Is it possible to change this set in the future (if the market situation changes) or is this set rigidly fixed?
The site says Testnet is live. Mainnet will be live in October 2020. Can independent developers take part in the Mainnet launch and receive a reward for it (without buying tokens)?
Every ninth day is a Y.Family day with zero fees on transactions between Y.Financial members on the platform. Why exactly the ninth day? It seems to me that it is not very convenient to count the number of days. Maybe it’s better to tie this event to a day of the week, for example, every Friday?
Does Y Financial Network currently have alliances with other exchanges in the market? Are more alliances coming in the near future? Are you currently working on one?
As a trader like me, the security of my funds is my first priority before choosing any exchange for trading. How much secure Y Financial is? What programmable technology & security developed by your team to build the platform very secure?
Kindly explain more about your Y Financial Stacking Program, who can participate and what’s the minimum and maximum requirement and APR?
On your website it days that enterprise clients holding a certain amount of tokens are eligible to earn Y Financial tokens for every dollar of flow traded. How much is that minimum amount that clients must hold?
Can you please briefly illustrate what are the top landmarks that the Y Financial team aims to accomplish before the end of this year or in future and are all targets in accordance with the current road map?
Which segments are you seeing early signs of success in real-world usable applications/blockchains? What part of the Y Financial ecosystem are you most excited about?
As I know use a price range at launch to proportion how much of each token we implement into YFIN. So can you tell me how much are The initial launch ratios defined ?
Token Generation Event is scheduled for Tuesday, 13th of October 2020. Listing on UNISWAP will occur immediately post TGE. How much is Listing supported with?
Mobile App. Do you have plan to make a mobile app for this platform? If yes, please tell me some things about your plan?
YFIN is an ETF-like product which aggregates four top performing assets in DeFi into a tokenized index. Is the weightage of all the 4 asssets in the index the same, ie 25% each ? You also mention that the community will vote once per quarter on the 4 assets in the index, why do you want to do it per quarter instead of per month ?
can you explain on your tokenomics for your project ? The info from the telegram group shows that there will be a total of 12 mil YDOT with initial circulating volume of 720K. How much of the initial money raised is use for the creation of the YFin ? 65% of the token is use for farming, how do we farm for the yDOT ?
I’m a bit confuse about these DeFi assets you have, could you please explain to us what are the relationship of these tokens, $YFIN, $YFI, $YFII, $UNI, $SUSHI and $YDOT. Which ones are for yield farming and which are DeFi tokens?
What is the main role of $YDOT in Y.Financial? What benefits we get if we hold $YFIN?
What is advantage of having Ywallet? Can I add other coins in there besides the mentioned tokens in your website?
I am visit your website And don’t see whitepaper.When you launched whitepaper?what is your Team?How to use YFIN token?What is the Difference between YFIN and YDOt?
– Why did you create 2 tokens at Y Financial? YFIN and YDOT? How can you get YFIN and YDOT?
– Why is the Y-Family held every 9th day? Why did you decide on that specific day? And how does the economy of Y Financial be affected by zero commissions on that day?
– Do I need to have YFIN or YDOT to vote? What is the token that serves for governance?
As the situation stands now, gas fees are a commonly acknowledged concern for most “average” (non-whale) investors until a reliable, uniformly adopted scaling solution comes. In one of your main medium articles you claim to be able to reduce gas fees by one fourth to even one tenth of normal gas fees by investing using your index tokens, which represents four underlying assets. But given that absolute values of such an investment (in that example you’re speaking of 200$ of gas fees reduced to a 50$ – 20$ range), [i] wouldn’t that investment still be considered “whales’ playground” since even a 20$ dollar fee is still out of hand for many average investors?
Will YDOT holders be able to vote on changing the underlying Core4 tokens which make up the index ?
Will YDOT holders receive airdrop rewards in form of other YDOT tokens or any other tokens (maybe a token of choice among the ones represented by the index) ?
Can you explain what benefits will a farmer can recieve on Y.Finance that are lacking or not present on the existing yield farming platforms?
Do we need to as users deposit the top 4 assets (currently YFI, YFII, UNI and SUSHI) to be able to farm? Can we deposit any other assets on the Y Financials wallet and is there any minimum amount to store?
Why there is no roadmap published on your website? Could you please tell us about your plans for the remainder of the year and early in 2021?
Why have you chosen YFI, YFII, SUSHI and UNI as the four assets for your index yield farming? Considering how similar products they are, shouldn’t it be better diversified looking how correlated they are to each other? What a user benefits from having similar products in one’s portfolio when the effect of the price to the tokens are rather similar?
Interesting is the collective consensus mechanism that Y.Finance uses to reward YDOT holders, what types of tokens can we pre-select in our wallet to participate in additional Y.Finance airdrops?
I was very curious about your “Y.Family Days” and the impulse of this idea, why did you decide that every 9 days they will not establish commissions on transactions between Y.Financial members?
What is the minimum amount of YDOT tokens that users must have to participate in the yield cultivation opportunities that come from your index tokens, and in what ways are users rewarded?
Why will transactions be free on so-called family days, is it due to the fact that they will take place within their own network, or are you willing to pay for gas costs on the ethereum?
1. Which Defi aggregator protocol does Y financial make use of, to be able to combine top four Defi performing assets? How is your yield farming pool ‘smarter’ than the others? What additional incentives do you offer to users that farm in your pool?
Which DAO mechanism do you plan to use to create a transparent, community driven and decentralized ecosystem for web 3.0? Are there incentives for DAO members and how do I sign up?
Y.Financial has two tokens in its ecosystem, namely YFIN and YDOT. What made you to have a 2-tokens structure instead of single token like other major DeFi projects YFI, UNI, LEND, etc.? Which token(YFIN or YDOT) is more valuable for investors and price speculators both in short term and long term and how to buy them?
Since your Testnet is live, I tried to test it by creating account but couldn’t figure out how to test it as the Learn and About section in the Testnet dashboard were not responsive. Can you provide more details on it like some tutorials and what are the current responses and results of the Testnet and how long will it continue till Main-net Launch?
What is the need for YFIN-DeFi based Index token which is based only on 4 Core tokens-YFI, YFII, UNI, and SUSHI as 1. We can buy directly the 4 tokens from centralized exchanges with negligible fees and speculate on the price OR use them for farming and 2. We all know the history of SUSHI and how volatile it can be similar with YFI and YFII, which are down more than 50% from ATH and UNI is relatively new?
Your project’s name was initially DeFiStack and you also have the domain for that name. Why did you decide to rebrand the project to Y Financial as there area already lots of projects with Y-initial letters? When was the idea of the project originally created?
I was looking through your website but could not find any kind of roadmap there. What milestones is Y Financial trying to achieve in the next months and when will the platform be fully operative?
Do you plan to launch any other kinds of index products on your platform such as some kind of hedge fund against market volatility or index funds based on different risk profiles?
Y Financial launches two tokens including $YFIN and $YDOT, so what is the reason of having this two token? What are the important roles of this two different token in your platform? What will be the potential impact that it will give to your platform?
I just found out in your medium article that today October 13 is your Token Generation Event. Can you tell us more detailed information about this event? As a Defi believer, how to closely monitored and participate with this event?
Honestly, I participated some presale of token which I believe it will have a potential in the market but sadly at the first day of listing it was super dump and it made me disappointed, good thing I only invest a little. Since ,Y Financial belongs to Y Family and some Y tokens are investable tokens and some are not, so how will you assure to your potential investors that Y Financial is a great platform to invest with that hard-earned money is worth to risk? Do you think Y Financial token will follow the trend of pumping “Y” tokens in the market? Thank you!
You issue a YFIN token and bind it to the Core 4 price while I watch the logic.
But explain why in the future release a new token every quarter? Will it be pegged to other assets? What will happen to YFIN then?
Question:
To put it differently,
How can You be Different than Major Yield Farming Companies thats been circulating in the DeFi Space?
Please be different
Question:
As I noticed, YDOT whales or Big Bag Holders will benefit more of the Shared Governance Rewards.
now,
How Can A small YDOT holders like me will Benefit from your respective platform?
Thank you
Question:
Sad to say, Lots of Defi Products ended up being an Exit Scam Propaganda,,,
Can you Rest Assured your loyal clients that you are not one of those companies? How?
What is the difference between YFIN and YDOT token? Why does the project need two separate types of YFIN and YDOT? Will users earn 4 tokens (YFI, YFII, UNI, and SUSHI) when they hold YDOT?
In an article on Medium, Y.Financial mentioned reducing gas fees (only $ 20 -50 instead of $ 200) through the process of swapping multiple times. So can you explain this mechanism in detail?
What is the core technology of Y.Financial? With projects similar like YFI, YFII, YFV … what difference does Y.Financial have to attract investors and users?
DeFi smart contracts often have problems with bugs or security breaches. How does Y.Financial solve this problem? Did you ever audit your smart contracts code by any third party?
If the total supply is $ 12 million YDOT, how would the distribution process and timing be?
I understand that the beta version platform is already operating, now $ YDOT has a version for mobile devices or does it come hand in hand with the October launch?
YFIN simplifies and increases accessibility to DeFi tokens, all on one platform, can I have the privilege of accessing all or selected tokens?
I saw on MEDIUM (Y.FINANCIAL)
that gas costs can be smaller, for example 200 $ to 20 $ – 50 $, how do you do this to be small?
YDOT is a REWARD TOKEN as it, holders will want it to be valuable, what are the plans to make YDOT a valuable, profitable asset attractive to hold and earn?
YFIN is an INDEX TOKEN, which is combining top performing DeFi Tokens (Core4) on the market. What are the features of ‘top performing DeFi tokens’ that make them more attractive as a farming asset?
Investing in the YFIN index allows less volatility while farming, which tokenomics allow YFIN a low volatility, how is a dramatic dump prevented?
Farming with YFIN promises to significantly reduce costs. How do you reduce costs and how is it still profitable or sustainable to the platform?
Y financial allows users to Switch between different farms I’m a cheaper way. How can this be done and which farming opportunities are included in this feature?
why did you choose to stand on Ethereum, what are the advantages ?
why not the new BSC (Binance smart chain) and cheaper gas fees
Every 9th day it is Y-Family Day, with 0% fees. Why exactly 9th days? What would happen if most users decide to move their assets only in this day, wouldn’t that be a financial problem for the platform?
I see that everything from WEB and Twitter is freshly made, so I don’t 100% trust Y.Financial
can you prove that your project is not a scam and can be 100% trustworthy that it is serious
Is “Y-Family Day” really a totally fee-free day? It’s incredible! But why did it sound one day? and what was the inspiration of that day? When the Sabbath in some religions is the 7th, why use the 9th?
What is the mission and vision of this Y Financial project really? Is it simply to develop a protocol that allows multiple farms to be interconnected, thus managing to change them from one to the other, increasing liquidity and eliminating restrictions?
They are really very similar protocols. And finance and APYFinance, do they have a partnership in common? Or are they totally independent projects but with similar visions?
With YFIN you can really reduce the volatility of the rest of the projects? or will it just reduce the volatility of YFinance? If so, is it really attractive to invest in it?
If it is a totally decentralized project and it works with all DeFis protocols, why then do you need to complete a registration to enter YFinance? Wouldn’t it stop being totally decentralized?
The vast majority of decentralized projects are developed with the etherium blockchain, why then is YFinance developed with Polkadot? is it simply to improve the liquidity problem that ETH’s DeFi protocols have?
The biggest DeFi needs are that of interoperability, providing cross chain interactions and multiple blockchains, how does Y Financial achieve this? Do users need KYC to enjoy all the awesome features of Y Financial ?
The sponsorship plays an important role in building the ALPHA community and the Y Financial on ecosystem, Can you share more details about the Y Financial sponsorship program?
How do I trust the platform and use it safely? Currently there are so many copy and copy projects competing in the market so what is the difference Y Financial and why should we invest in Y Financial?
In a previous AMA, you shared how you helped users reduce costs by making only 1 transaction instead of 4 transactions, can you please explain more about your this cos gas fees are crazy these days
You have an interesting staking mechanism, I can automatically stake once I hold tokens on the y financial platform. Please what if am only interested in Yield Farming and not staking
Yield Farming 2020 = ICO 2017
Do you share these sentiments and can you explain more about your Tokenomics in relation to yield farming, how secure is it
On Y.Financial, it is “Simpler”, “Easier”, “Cheaper” How do you achieve theses “MOREs”, what technical infrastructure help you on that?
You have 2 different tokens: YFIN and YDOT. Will any of them be used for investment options such as, trading, staking, lending, etc.
Which blockchain and consensus algorithm is Y.Financial using? When will you publish your WhitePaper for all these details (no link on website)?
Y.Financial combines different assets for Yield Farming. Does it happen on the same platform, or does it require interoperations, if yes, how do you provide interoperability?
Why do you have 2 tokens? What is the advantage of having two? And which one is used for what?
What does your community (Y-Family) mean to you? What kind of interactions do you have with them? Are you sometimes doing specials in order to make them happy?
Technically Y Financial can be considered similar as an ETF product. right? Is the balance between the 4 different assets 25% each or do they have different kind of weights on the portfolio?
Do we as users have the possibility to choose between different kind of strategies and therefore assets? Can we as users choose to invest in riskier assets instead of these top 4 efficient assets?
YDOT is Y Financial native asset. For which reasons do you require YFIN tokens for staking on top of that if that’s so?
How does Investing in YFIN index is good choice for new User in crypto space?
Yield farming recently become hot topic, how does Y finance yield farming model works?
What is the usage of YFIN and YDOT?
Y Financial lets it’s governance vote for the four assets once a quarter. Considering how fast-evolving cryptocurrencies market are, don’t you think that it’s a little too seldom? Some of those projects could be dead within a month even, let alone three. Are you planning to make the frequency more often?
What kind of governance can the users of Y Financial participate in? Obviously on the decision of the four assets on your platform but what other kind of decisions can the users make regarding Y Financial? Perhaps about new investment products?
You will have the Token Generation Event today on 13th October. After this you will immediately list on Uniswap. How much liquidity are you planning to offer there and will it be locked for some time period?
What is the plan of this project and how will you face the challenges coming from it in the coming time and what will be provided by you in the matter of security?
How can we also be a part of this project and work with you and what qualification should we have to do that work?
Will you make this project related to session like live session privacy policy youtube video for normal user and solution team conduct so that people can understand it easily?
Ultimately, every well-performing project team needs to be rewarded so I would ask where does the team see their source of sustainable revenues to come from in the long run?
Financial sustainability is a relevant topic for every business. Index funds (think of Wall Street and stocks), usually charge a management and performance fee (2%/20% is the usual) for managing these funds. As an YFinancial investor, I am definitely supportive that the team has a revenue stream in the long-run. Keep up!
Why is YFIN target price pegged to core Core4 tokens?
What is your most important difference from your competitors, why should we choose you?
NFT projects are getting popular. Will you make an initiative in this regard?