We are pleased to announce our next AMA on March 18th 2021 at 02:00 PM UTC Time: Satoshi Club x SIL Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SIL Finance Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SIL Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SIL Finance
For more details:
SIL Finance – @sil_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
apa yang membuat anda tertarik terutama dengan dibuatnya situs ini???
Yearn may have the following problems
-CRV does not have so many stablecoin swap needs if it was not for DeFi.
-No real liquidity provided.
-Single currency mining is not sustainable for Swap.
So how does sil planning to fix this problem? What are the sil product features?
Do you have a local ambassador or representative program? If so, how can I be one?
can only UniSwap users and SushiSwap users get more on SilFinance? then, what about the others? are there any plans to add support to another DEX?
You mentioned the NFT coming out next week. please explain, what will the NFT be used for? is it for sale or is it?
SIL Finance (Sister in Law) is a decentralized diversified financial management platform
based on smart contracts.
Can you explain to us, what kind of security is implemented by SIL Finance to protect user data and assets?
Reading your medium articles, I saw that you talked about an issue that exist right now, as we may know all Yearn vaults are single vaults, they require a pair of assets to be deposited at a certain ratio, usually 1:1, but If someone don’t have enough DAI to pair with the CRV, they won’t get the much desired LP token as a result. So, from what I understood, SIL Finance aims to solve this problem with something you called Dual Vault, could you explain this Dual Vault to us better? How will this innovative method benefit not only SIL Ecosystem but users, especially when it comes to protecting them from impermanent losses?
While reading your medium articles it caught my attention that you said that SIL Finance is able to take the LP tokens a user has earned and stake them in other protocols based on their interests, risk tolerance, and management style. Could you explain us this a bit better? How will this be possible, what kind of data will SIL Finance have from users to be able to know all this things? Will this be a process that we signed up for once we start using SIL Finance or can we decide whether if we want SIL Finance to stake those tokens in other protocols or not?
I read on your medium article about SIL Finance, that one of the features your ecosystem have, is something called “Matryoshka Mechanism”, which you said is based on the LP matching mechanism. Can you tell us more about this feature and why is it called that way? Because, as far as I know a Matryoshka is a russian doll that is hollow and can have other dolls inside with the same characteristic. So, on what will this Mechanism be similar to this russian doll?
One of the things that worries me as part of the community is to know, how will they lead the project to position it as one of the best in blockchain? without allowing any kind of stagnation?
I read that, SIL Finance is also able to take the LP tokens you have earned and stake them on other protocols. Can you tell us a bit about this, and how will this action help users?
The Matryoshka mechanism is one of the main features of SIL, when I think on a Matryoshka can’t avoid to think in a group of familiy members united, so how does this mechanism make justice to it’s name? What is the the LP matching mechanism?
I was reading at your introducion article in medium and wasn’t clear to me what are the problems that The Sister In Law proyect is trying to address regarding liquidity pools, can you explain more precisely please?
Why is the interface of the page in beta version? this does not inspire trust as there are many scams, something to say to the community to inspire some trust and motivate users?
You are entering a lot of partnership lately like the imToken. Can you explain how the partnership of Sil_Finance and the famous cryptocurrency wallet provider imToken brings innovation to DeFi 2.0 and the next era of digital lending? Are you collaborating on building new product or lending platform with imToken?
SIL seeks to automatically select and configure products that best suit the interests of users by making complex liquidity mining to become simple. Users posses diverse taste and interest. I will like to know how and what mechanism will be used to detect users interest and I also read about SIL platform that allows revenue generated from mining to be distributed to user’s in proportion. what does this mean. Will certain categories users get different % of this revenue.
What role does the SIL currency play in the DeFi world, how does the P2P exchange process work and what security guarantees are there in this process?
How can we invest and what kind of returns can we obtain, is it short or long term, please explain the details?
I noticed the name of your project: “Sister in law”. Recently, projects with the names of vegetables, fruits and animals often come to AMA in Satoshi Club …. Seeing you, I wondered what the name of your project means, how did you come to this? After all, Sister in law is one of the family members, and I assume that your project is a kind of family business and family values are important to you? Please share this information with us.
When YearnFinance emerged it revolutionized the liquidity pools, through vaults, being a much more complex protocol, now, SIL Finance will revolutionize the simple vaults of YearnFinance, through dual vaults being a very new protocol and in beta phase. What exactly are the investment options available to investors who fund the dual vault? What are the advantages over YearnFinance simple vaults?
SIL Finance is a really very promising project, which will surely have a very great recognition with respect to the YearnFinance vaults, but SIL Finance is very new and users need to know how the dual vaults work, do you plan to launch the whitepaper of the project soon to publicize the operation of SIL Finance?
Since SIL Finance is still in beta phase, there is not much information about the project, but do you have work plans around SIL Finance in the short and long term? What are your objectives for this year? And what do you have in mind for the beginning of 2022?
According to your opinion, what is the future of the ETH network and the DEFI projects compared to the BSC network, which is also venturing into decentralized projects?
The launch of the platform is almost done, but I couldn’t find any related about your sale event, so can you share us details about it or it’s to early yet?
Your name Sister in law is a very “deep joke” on Internet, but there exists other meaning reason that make you chose that name in particular?
Reading your description I just got interested your dual token liquidity mechanism, so that means that you have 2 types of token? Which ones?
“”SIL FINANCE””Where does the name of your project come from? And it is intriguing to know what the name of your project means? Is the name connected to the project itself?
How is SIL Finance related to staking systems for LP’s providers in order to take even more profits from their LP tokens? How do you make a safe environment to transact safely, protecting the users interests?
Maybe one of the biggest achievements of one project like yours is giving a total solution for the consistent problem of impermanent loss, so, did you achieve it? Are your features a decisive solution that might be implemented in all DeFi?
The security is too important in DeFi space, you have your code audited by SlowMist in the January, and Certik will audit your code again this month for doubled security. And you tested the code for 3 months, it’s vitally important for you and also the investors to have the code right and audited. Also, you have SIL tokens dedicated to cover any security issues, which you call the Governance Treasury..So about this Governance Treasury,,can you tell us more about it..How this treasury works in your platform?How many percent of SIL tokens will be share or allocated to cover security issues in your platform?
Every project regarding on crypto currencies or block chain need high security as protection. What security measure does SIL Finance have to secure projects from any hackers or scammers?
SIL Finance is a fairly complex protocol to understand and develop, without a doubt, experts on the subject are needed. Can you tell us a little about the team behind SIL Finance? How many people in total make up the team? What are the issues that each group of people deal with?
SIL Finance is a very new project that is currently in beta phase, in fact, on the SIL Finance web platform there is a warning of this. Suppose I decide to make an investment today, is it possible that I could lose the invested funds? What do I risk when using SIL Finance in beta?
SIL Finance is a more advanced protocol than YearnFinance, and I wonder if they are related to each other, YearnFinance owns “yTokens” which has different utilities, SIL Finance has its special tokens? Will they implement something similar?
The community is the pillar and key, of every success of every projects..thats why you will let the community manage the future growth of your project.You also said that you prefer the SUSHI approach, so you will open up your voting system to vote soon,,,What special feature does the sushi system have to make you imitate this system ?.And do you have a community organization for delivering news about your project in different parts of the world? To what extent or what countries is the scope or scope of your project?
I read that SIL Finance not only gives flexibility when providing assets, but also is able to take the LP tokens earned and stake them in another protocol based on the user’s interest. Can you explain more about this feature? Are those other protocols selected by SIL Finance or the user?
The roadmap of SIL Finance is not clear right now. Can you tell us what are the main priorities of the team regarding the development of the platform? The website is in its beta version, so when can we expect it to be fully functional? Are the dual vaults already available to use or will be released soon?
The dual vault system is the main product of SIL Finance, but will it be the only one? Will users be able to earn in other ways like staking or mining?
On your Medium site there is little information related to your project and the information that appears on your website uses very complex terms. Therefore, how do you plan to attract people who are not related to the crypto world? How could you explain to them what your project is about, in an easy and simple way?
When I enter your website, a banner appears first that says your project is in beta. How long will it be in this phase?
If two users who want to participate in mining to earn interest, but who have different tokens, are united through the SIL LP Grouping to participate jointly, the users will each receive an equal part of interest, or the percentage of interest varies according to the token they provided?
SIL a decentralized automatic investment platform based on smart contracts, so where are you focusing right now? Also what does it mean by SIL provides dual-token liquidity for variable swaps, automatic LP matching, and automatic compound interests?
One of the biggest issues that exist in the DeFi space is impermanent losses. How did SIL Finance solve this problem and did it solve it at all?
SIL.Finance (Sister in Law) is a crypto project that is introducing a smart contract-based pairing engine that will provide two additional revenue streams for liquidity providers.Thus, in your twitter account you posted that SIL Finance NFTs will be out soon. So can you give us a brief overview regarding the other venture of your platform which is the NFT? As far as I know many platforms nowadays are also taking NFT in their platform, so what is the unique idea or features that SIL Finance NFT will offer in the market? Do you plan to build your own NFT Marketplace for SIL Finance in the future? Thank you
Tokenomics of your token is not elaborated in your website, medium and even in twitter account. So, can you explain to us the uses and total supply of $SIL tokens in your platform? How does this token become valueable and available in the market? Do you have any presale or IDO for $SIL tokens? Thank you
I read in a white paper that you plan to start using Pay Pal or Matrix Port in DeFi. Tell me what application scenarios you see? Agree, there are already too many farming pools that offer to farm in the same way, so innovative, slightly crazy ideas are needed.
Buying crypto for farming in Silo finance using PayPal, or maybe you make an innovative pool of Ether\ Dollars in a PayPal account?
Security is always the top task of projects. But lately, alot of defi projects have been visited by hackers an example is the recent ones of cake and cream. What security measures does your project have in place to avoid the possibility of being attacked by hackers?
Value increase is achieved in the virtual asset market only when partnerships with large companies and practically applicable technologies are incorporated into the project. Are there any additional technologies or partners to be expected?
Am I correct in assuming that the positive side of Dual Vaults is that for example for farming ETH_SUSHI, I can deposit 1 ETH without having to split it in half to buy the equivalent amount of SUSHI token? If so, the liquidity of the opposite token plays a big role. How will you solve this problem only through private liquidity providers or will you resort to institutional players?
You said that SIL Finance have 2 modes in SIL website, First is only one-sided composition, and Second mode is Impermanent Loss reduction mode. Could you explain how this 2 modes actually work ? why did you makes 2 modes in your website ?
Your “dual vault” concept protects users from significant impermanent losses. So what’s the difference between a single vault and a dual vault? Also it says here “what do you do if you don’t have enough DAI to pair with the CRV you are depositing?” How will SIL FINANCE aims to solve this problem with its “dual vault” concept?
What is the story behind your name SIL “Sister In Law” Token? Can you tell us why your platform name SIL?
Your platform will launch soon, what should we expect in the platform is there a referral program? And what is the APR in your staking?
About the NTFs, what should we expect from them? Is it worth it?
What are the new development that you focus to build for SIL Finance right now? is that about NFT Integration that you mention in your telegram ? can you give us more detail about your NFT Integration, how will it work ?
I’ve read that One of the benefits of SIL is “LP Pairing”. So can you explain and make us understand what LP Pairing is? Also what is Impermanent Loss and what happens during the event of Impermanent Loss in LP Pairing?
With SIL Finance “Dual Vault” concept, the SIL Master will automatically find another user through its LP matching who is able to deposit the corresponding asset needed to provide Liquidity. What if one party decided to withdraw the asset? Will it be possible to unlocked or Dual Vault has an time-locked feature?
SIL.Finance is a decentralized diversified financial management platform that already have staking mechanism and support Uniswap and Sushiswap. Can you share with us how is SIL Finance stake system work ? How to calculate reward that user will get from staking?
Can you share us the interesting backstory on how the founders got to the decision to named the project “Sister In Law” or SIL?
On your medium there is notes SIL Finance A revolutionary #DeFi project that fills the gap of #YFI & #YFII. Could u please explain what are the gap ? and what are your team already contribute to DEFI world from SIL Finance project?
SIL.Finance has raised $ 1.3 million in investment and will launch on March 18. There is a fairly large list in the private equity financing round: Ventures and Jin Krypton Capital, Genesis Block Ventures, Everest Venture Group, Lotus Capital, Cabin VC and AU21, Boxmining, CryptoDaku, Lil Lambo, Garlam, Crypto Dorm … Please tell me at how much did your expectations from the round come true?
And what features do you plan to provide to your users in the first place right after launch?
SIL stands for Sister In Law. Can you explain more about this curious name? What’s the meaning behind the words “Sister In Law”?
I would like to know about your plans regarding the growth of the SIL Finance community. Which region or area of the world are you focused on right now to grow the SIL community?
There’s not much information about the SIL token. Would you explain the main use cases of this token within the SIL Finance platform? Will users be able to earn by holding the SIL token?