We are pleased to announce our next AMA on July 15th 2021 at 03:00 PM UTC Time: Satoshi Club x Oh Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Oh Finance Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Oh Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Oh Finance
For more details:
Oh Finance Website – oh.finance
Oh Finance Telegram – @OhFinanceDefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What is you strongest advantage that you think will make your team leading the market? and other side, what is your weakness? How do you plan to overcome it?
How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
Most investors are focusing on the token price with no real understanding of the use cases and long-term value of the project. In this case, what are the benefits for investors in holding $KOM? Is there any plan to increase demand for $KOM in long term?
You basically focused on reducing risk and increasing volume exposure which is very uncommon, what are the features you introduced into this project that distinguish it from others? You also stated it that users can earn industry leading interest rates, do you have some specific industry because we are all aware of how inflation is affecting almost everything nowadays.
Talking about your stablecoins which happens to be a category of FIAT-BACKED. We all know this type does not have intrinsic value and does not have use value and it is a kind that is often government regulation. And this project happens to be DEFI, so why on earth have you choose fiat-backed as your stablecoins?
One of Oh! Finance goals is that user CAN DO MORE WITH DEFI DOLLARS which seems so confusing, Oh! claimed to be DECENTRALIZED FINANCE and yet still stated that we can do more with dollars which is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. What is the probability that Oh! Finance will move forward since there is no total governance by the team. Your research also proved that 99% of DeFi projects are building for crypto natives. 1% are building for the mainstream, non-tech savvy. What do you think about projects rushing into crypto natives and you going in the other way round?
Although you have mentioned that you are working with leading defi insurance partners to provide additional security for the deposits, you have not published any details about those partnerships. Who are your insurance partners? Why did you select them? What are their insurance policies? Hacking is a major issue related to the platforms like Oh!Finance. Do we get a protection from hacks on your platform? Do they cover both technical and financial risks? Your risk score is 4. 2. It means the platform is not 100% risk free. In addition to working with insurance partners, what are the steps you have taken to make Oh!Finance secure?
According to your tokenomics, you have allocated 7.5% of your total supply for two funds. 5% for the strategic fund and 2.5% for the community fund. Could you please explain about these funds? As per my understanding, the community fund will be utilized for community activities and the strategic fund will be used for the developments of the platform. Am I correct? What type of work to be done with the tokens allocated for the two funds?
Most of your competitors support both fiat-backed stable coins and crypto currencies. However, Oh!Finance is focused only on fiat-backed stable coins. Don’t you think it will be a drawback? What made you to limit your service to this option? Are there any issues related to crypto currencies? When both options are available, investors can diversify their portfolio. Further, based on the prevailing market condition, they can choose between holding fiat and holding crypto. But these options are not available for them on Oh!Finance. Do you have any plan to introduce at-least major crypto currencies to your platform in the future?
Hi Oh!
You advertise Oh’s audited smart contracts! The Oh! contract is being submitted to the top names in blockchain auditing for multiple independent reviews. Could you please share what auditors have you contracted to perform the audits? Do you already have any audit results that you can share with us at this moment? And the final part, what are your plans in case any critical vulnerabilities are discovered during the audits, will it impact your release schedule? Thank you!
Hi Oh!
I’d like to ask you about the Insurance part of the Oh platform. I read that Oh will work with industry leading defi insurance solutions to allow for lenders to provide additional security on their deposits. Please share what insurance solutions you are going to employ and how exactly they will protect deposits. I imagine there may be a possibility of a farm/defi project you invest into collapses or gets hacked and users’ liquidity may be lost due to this. What do you plan to offer to offset such risks? Thank you!
Hi Oh!
I read you plan to launch leveraged products shortly after the launch. Please share with us some juicy leaks about the Leveraged positions on OH! You advertise it as a low-risk leverage to maximize return with expected APR at about 21%. How exactly will this leveraged product work, what tokens will users be able to stake and in what form will the yield be returned? Could you please explain the risks associated with leveraged positions? Since Oh is oriented at stable coins, will it be possible to get liquidated? Thank you!
I read that Oh! Finance aims to make a difference in the DeFi space by achieving a consistent 10–21% APY on stablecoins, with additional rewards earned in OH tokens. Can you tell us more about this? Other DeFi platforms offer to people a 1-10% APY, which could change depending on a lot of factors, but you, on the other hand, are attempting to have a consistent 10-21% APY, how will you be able to do that? How will Oh! Finance be able to reach a consistent % while having a really high % if we compare it to the APYs other platforms offer? Other platforms haven’t been able to offer this % of APY before, is there any risk you are taking here in order to be able to do so?
I read that Oh! Finance will have a feature called Oh! IAC (Intelligent Auto-Compounding). Can you give us more details about this? I read that it will automatically reinvest interest earned, but can you explain how this feature will exactly work? What kind of AI will it be implemented on this feature in order to be able to automatically reinvest interest earned and how secure will this feature be? Also, where will it automatically reinvest investors’ earnings and how will investors be able to keep track of their funds if this is an intelligent automated feature?
Relatively new projects should offer high APY for creating a difference than the existing competitors to get some people in their projects. However, high APY’s often seem like a trap as rug pull and scam projects are using this a lot. Oh Finance’s APY’s are quite satisfying, however, how will you convince investors? How will you make users believe this is a legit project and will not rug?
Many projects are joining AMAs with anonymous team members and even fake identities. Can you please tell about the legitimate of Oh Finance’s team? How can investors be sure you are real? Some projects are sharing their team members’ social media and Linkedln accounts. How will you clarify this?
I read in your whitepaper that you indicate that The Oh! contract is being submitted to the top names in blockchain auditing for multiple independent reviews. I have noticed that an audited contract has among its advantages that it increases investor confidence in the project. I noticed that you decided to do multiple audits to get multiple independent reviews. What are the top names that you mention that were in charge of those audits? When you say “multiple” how many audits do you mean? Why did you decide to do multiple audits?
Projects which want to replace the banks, need to be easily accessible. The best way for it accessibility is a well developed mobile app. Can you please give information about this? Will you develop your mobile app by yourself or will Oh Finance will get an help of one of its partners? Will you focus on making it as much as easy to use for people who recently met crypto?
As we know on Oh! Finance we can stake USDC and let Oh! do the work. But the Defi space it’s known for it’s infinite possibilities and options, so this made me wonder, will we only be able to use USDC on Oh! or do you have plans on adding other stablecoins in order to provide more options to your investors and get to a wider audience?
A few weeks ago Oh! Finance announced a challenge: The #OhNoChallenge, where the community had to show you a picture of their bank’s APY for a chance to win. It is a very original challenge. How did you come up with the idea for this challenge? Do you plan to do more challenges like this soon? It is a very creative way to involve the community with the ecosystem.
I read in the whitepaper that Oh’s user interface was designed to be as easy to use as possible. How is it possible that Oh can include all the information and functions necessary for users in a friendly design? What are the features that Oh adopts in its design that promote ease of use? Is it possible to generate returns and earn APY with little crypto knowledge with Oh Finance?
Users deposit funds to earn APY and get rewarded with Oh! Finance Governance Tokens. Can you tell us about the OH token use cases? Once users deposit their funds to earn OH tokens, what are the profits that can be given to the token? Also, where can we buy the OH token? Is it listed on any DEX?
Oh Finance has features like Smart Auto-Comp, Gas Management, and Perfect Fund Management. If I’m not mistaken, the platform does all this automatically. What is the technology that Oh Finance adopts to be able to automate the different processes of Oh Finance’s operational model?
Lately the crypto market has been unstable and investors stop a bit, however Defi projects need liquidity in $ not everything can support it with tokens, like OH! Can you guarantee your liquidity without increasing percentages and fees that are costly for your investors? What are the services and products that OH! And which ones are in greater demand?
For most financial projects the beginning is usually difficult and many with obstacles; In the same way, it is difficult for investors to invest in a project that is just starting due to factors such as reliability, security, transparency, such as OH! Can you encourage the market to invest and become part of your community, what are your references? And how is the project structured in terms of human resources and technology?
Do you consider that the token repurchase method can guarantee the liquidity and profitability of the project? Please tell us about your token, its main functions as a financial instrument and its adaptability to other trading and exchange platforms?
Oh! Finance has a simple goal: Do More with your DeFi Dollars. Oh! provides Industry-Leading APY interest rates on your stablecoins (like USDC). Why did you choose stablecoins over cryptocurrency? Can you please explain why. Does OH! Finance, focused only in USDC stablecoins or do you have any plan to add more stablecoin? And we all know that the market is unstable, How Oh! Finance give guarantee that the assets of user will increase even its bearish or bullish?
In your Roadmap Q3,you plan to launch Defi Index on your platform.What is this Defi Index?What is the aim and function of the Defi Index on OH!Finance?What are the criteria of the Defi Index and can you tell us how the Defi Index is maintained?Thanks
I am attracted to this statement on your website,Tired of banks getting rich on your dime.Fight back with the future of money and OH!Finance is ready to help its users Fight back to get what is rightfully theirs.And in the world today we have countries with unbanked populations in higher rates this ones little or no services of a bank,and still the banks still get richer and the poor get poorer,My question is,How will OH!Finance make banking easy for this ones?Do you have an Application for download that users can easily access?How will non-English speaking countries benefit from your platform and which countries is also restricted from using it?
Oh!Finance(USDC) has the highest APY offering 10-21% savings APY. When we look at the current Bank Yields of different Bank its saving APY is not even close to 1% where it has an annual revenue of hundreds of billions. So how does OH actually works and offer better returns for the investors ?Also tell us about the how safe is OH too ?
In one of your Superior Strategy,it was stated that OH! intends to Buyback & Burn for token growth but you didnt state the percentage for buyback and burn token.So can you tell us the % OH! will use to buyback and burn tokens and how will it affect your token positively in a long and short term?Can you also tell us how users will benefit from buyback and burn token?
Since Oh! Finance choose stablecoins, Can you tell us do you have any public or private sale, or bug bounty program to the user and communities of Oh! Finance? And if so can you tell us how we participate to be able to be part of Oh! Finance success?
In the crypto space we see many platforms becoming ecosystems like Aave,Venus etc.Does Oh!Finance have plans of becoming an ecosystem in the future or to provide a bridge or crosschain to other projects?What products will Oh Finance tackle?How do you plan to break Defi into traditional investment and exploring onramp opportunities?
One of the features that Oh! Finance is Oh! IAC. Can you tell us more about this, what is this function, in what cases it is applied and how to get access to it? What other features does Oh! Finance to your users and are they customizable?
Oh! Finance will have a loans system that looks quite promising, and among the facilities that you will provide users to participate in this system, it will not be necessary for users to perform the KYC, nor will they have the need to verify their account Although this can make things much easier for a large number of users, it can also cause people to enter your platform with the intention of taking advantage of this to make scams and therefore damage the general experience of users, in addition to this, the system could be exploited by bots. I would like to know what measures will take Oh! finance to combat these possible problems, so that they do not affect the user experience in the long term, and why did you decide not to implement KYC wich tends to increase confidence in the security of the project?
On the Oh! Finance tokenomics page, of the 100% distribution of your token, some percentages caught my attention, 5% will be allocated to strategic funds, 25% to protocol incentives and 12.5% for public sales. I would like to know exactly what these strategic funds will be used for and how will they be involved to make the platform’s plans come true in the future; What do you mean by protocol incentives and why was such a high percentage of the token assigned to it, and finally when will your token be available for public sale, how can we access it and if there is a price in mind for it?
Loaning cash to earn interest is not a new strategy, however, you mentioned that you feel that the current options in the banking and crypto markets fall short. However, today there are many people who still use bank savings accounts. How would you facilitate the process for these people so that they are encouraged to start using Oh! Finance for their savings? What are your proposals and strategies to reach these people?
DeFi lending platforms offer variable APYs in the 3–10% range, a much better percentage than banks, but you mentioned that you think there are significant improvements that could be made. First of all, what are those improvements you mention? And do you think Oh! Finance addresses all of those improvements in one way or another?
I saw a document where it’s mentioned that OH! Finance will unlock high yield for the average investor and not just DeFi enthusiast, this can be a pain point since most of non-crypto users can be scared to put their money in cryptocurrencies platform while the market seems to be in a red trend. Can you tell us how is OH! Finance minimizing the volatility risk and offering a materialized investment option for those who still believe in centralized finances?
Oh! has a relation with DeFi products like AAVE, CRV, Maker, Compound but isn’t clare to me how do you incorporate them to your economic model and investment choices, can you tell us how is their participation on your ecosystem and what advantages it provides to your investors?
I’m an active user of stablecoins pools, like curve, so can you explain us what are the guarantees or unique opportunities that you offer me to change them for you?
Oh finance use mainly USDC, but apart of this Stablecoin will you offer others? Like DAI or USDT?
Apart of your work using Stablecoins to generate huge APYs, Oh finance is compatible to do the same with typical cryptocurrencies as Ethereum or BTC? Do you have any particular BTC or ETH pool?
I read on your Medium page that your target is to achieve consistent 10–21% APY on stablecoins. Out of this statement, I’d like to make three inquiries. First, is there any kind of contract or insurance when entering your platform that would let users be sure that the APY will stay within that range after their investment? Second, If a 10-21% APY can be achieved with stablecoins (please let us know which ones are supported), what would be the estimated APY for other coins/tokens of much higher value, would it work with fractions of that coin/token? I’m talking, Bitcoin, ETH, Solana, etc., and do you have plans of incorporating more volatile coins in the future? Third, this project looks like it has a lot of potential, but your community is still small, you have under 1000 members/followers on both Twitter and Telegram, so I’d like to know if your project would still be effective for the lucky ones in your community right now, as small as it is, or if you need a bigger audience for it to work.
Oh finance looks that it will be a Cross Chain platform that will allow Ethereum, BSC and polkadot , but have you considered built a bridge to change the funds between chains without problems?
Researching about your project I could notice OH! Finance has a Risk Score 4.2/10. Can you explain what does it mean? And what are the risks your platform is facing and solving?
Among the “superior strategy” adopted by your team its included a curve compounder and leverage, can you tell us more about this feature? What is the purpose of using it and how does it leverage your platform?
The Oh Finance team of administrators and advisors is made up of a formidable group of industry experts in finance, marketing, banking, IT, Crypto, Big Tech, social networks, etc. With such group, one can surely say, Oh Finance has a piece of every available market sector. Therefore, how would Oh Finance leverage on the available human, material and technological resources at it’s disposal to creating products targeted at all sectors of a booming DeFi marketplace, how will Oh Finance aid the transfer of tech and users from a pretty limited trado-financial market to an abundant DeFi space, and been a new player in a competitive and lucrative DeFi sector, how will Oh Finance look to capture this market asides it’s obvious high APY strategy?
OH! Finance offers optimized yield-generating products for its users. Regarding to this, what are the products that can generate passive income that way in the platform, and what are the special features that make this earning optimized? How is risk managed, and what increases potential profits?
OH! Finance users have the chance of saving each transaction fees by using optimized Smart Contracts. What are the characteristics of this Smart Contracts that allow it to go users save some from the commission?
The Oh Finance roadmap is pretty much streamlined with some platform launches (Beta, BSC, Ethereum, Polkadot) and a couple of product launches, pools, mobile interface, and cummulating with institutional partnerships. All these events as made available, will run through Q2 2021 to Q1 2022. Through these stages of the project’s development, would there be specific community focused events and activities geared at creating the needed awareness for these products launches, and with the various platform launches, how will Oh Finance look to creating user-centric features and products across these chains, and what sort of institutional partnerships and partners would Oh Finance look to adopt?
I could read that they make a lot of emphasis that their platform will be totally “simple”, but could you really explain to us how simple your Oh Finance platform will be? will it be easy enough to use that anyone without knowledge of DeFi will be able to manipulate it without problems?
I read that your goal is to provide the highest dollar earnings, but if you only plan to achieve a constant APY of 10% to 21% in stablecoins, how do you plan to provide the highest passive income to your users with such low reward percentages? Or do they really consider them “high” in reference to the interest earned in CeFi?
Could you tell us a little about how the Oh Finance Gas Optimizer works? How much can you really minimize gas rates? When the ETH network requires large amounts to run quickly, right?
You point out that with Oh Finance users with only put their money they can see how it grows, without the graph being seen and without the stress, but really for how long will users be able to make a profit just by “putting their money”? And will the users really be able to dispose of their assets when they require, or will they remain blocked?
You mention that “Oh, Fight against the future of money”, but does this “fight” refer to the possible devaluation of the Dollar that is being announced in the near future? Or really with whom and what is the “Fight”?
I could read that Oh Finance will automatically reinvest the interest earned, through a function that we call Oh! IAC (intelligent automatic composition), but could you really tell us a bit more about that function? also is IAC can be modified or configured by the holders, or is it kept defined with that configuration?
I understand that they want users to “do more with their DeFi dollar”, but do they really mean all the stablecoins in DeFi? or will they focus solely on the stablecoin USDC? If so, why not expand to all dollar-pegged stablecoins?
I understand that Oh! you are looking to create the highest possible APY earning pool to deposit your assets through stablecoins, but is this really the only way to get the highest earnings from owning stablecoins? Or really Oh can I create more products that create other types of passive income?
About the safety of Oh! Finance I could read that it is a non-custodial project and users control the assets deposited to via smart contracts. However, many times smart contracts can be vulnerable to certain risks and attacks, how do you protect them in this regard? Can you tell us about the audits you have done and the importance of adding oracles to your system?
In a diagram about the operation of your project, it says that the revenue protocol advances through Buybacks + Burns. Can you explain us specifically how this part of the process works? How often are these procedures done?
Can you tell us about the security measures you have put in place to keep your community safe, knowing that there are projects that even being audited have been attacked and have lost the assets of their users, what else is being done in OH! Finance to maintain security and prevent attacks?
Often projects are popular when they are introducing new features to the market, but, then they turn out to be abandoned by users and even by their developers, so how does OH Finance plan to stay in the public eye, be one of the most used projects by users and avoid getting stuck in an unfavorable position?
the competition in cryptocurrencies is getting fiercer and fiercer, so, could you tell us, what is your unique “selling point”, how will you leverage it and what strategies will you develop to be competitive in the long term and avoid being displaced by your current competitors or any that may come in the future?
Contemplating the future is important, that is why I would like to know what the goal is, what OH Finance has in the long term, what steps will it take to achieve it, if it needs partners to achieve it faster and I would like to know, how the steps you have planned to take This and next year will they contribute to increase the value of the products you offer in the project?
According to your medium blog, Trust, safety, and security are words that mean a lot to the Oh! Finance team. However, in the DeFi space, it has proven difficult. So, how are you going to convince the degens, whales, and then the normies that Oh Finance has a secured smart contract? What are some of the safeguards you’re building to make your platform as secure as possible?
Part of your roadmap includes the development of the Oh Mobile App; can you provide us with updates on this matter and when do you intend to launch it? What features, possible products, and services will it provide to Oh Finance supporters?
How does Oh offers better returns? What distinguishing features and characteristics do you have in comparison to competitors who also offer optimized yield-generating products? Also, what makes you believe that Oh Finance is the best DeFi lending platform that exists today? Please show us some proof that would convince us to switch or add Oh products and services to our account? By the way, when do you plan to launch your token sale?
I read in one of Oh Finance documents that you deployed a Super Strategy in your platform. So,can you explain more about this strategy? What makes this strategy super and be ahead with strategy of other existing platforms or to your competitors? How does this strategy being able to implement in your platform? What are the advantages of this Super Strategy that it will bring to your platform and to your investors? Thank you
Still there is no a strict decision which stable coins can be used to invest in Oh! Finance public round as I know. May be Users can invest their money in the form of USDC, USDT, BUSD, DAI, GUSD. So can you tell us the reason to delegate a stable coin adoption within Oh! Finance? Is it only due to the less susceptible to price volatility of Stable coins? Will you add more currencies in future in addition to Stablecoins? And also I heard about a buy back system from platform revenues in order to control the inflation rate on the native token of Oh! Finance platform. Can you show us the revenue, dividend model & how the buy back system works in Oh! Finance platform?
Something I noticed when reading your medium articles, Oh! Finance’s main competitors are BlockFi, Nexo, Voyager and they offer a high APY for their lenders while they are centralized finances. How will you approach a mass adoption on your native token with overcoming the competition between these centralized finances as a DeFi platform? Will you be on more blockchains to make more exposure on crypto space in addition to Eth, BSC & DOT chains in future?
Oh! Finance aim to achieve 10-21% APY on stablecoins with taking advantages of some largest DeFi lending platforms such as AAVE, Curve, Compound, Uniswap, Sushiswap etc. But the yield pools of these DeFi platforms normally offer 3%-10% APY to users. So how will you make 10%-21% APY to Oh! Finance users/investors with investing on largest Defi lending platforms even they cannot give a high APY for their direct investors/lenders? What will you do with investors interest? will you reinvest them through the feature called Intelligent Auto Compounding? All of us know most of lending platforms mentioned above based on Ethereum blockchain. It always incur a gas fee on deposit, withdrawal & transactions. Can you optimize the gas fees as you have mentioned in your medium article? Which strategies, techniques will you adopt to gain 10%-21% with low gas fees to the Oh! Finance investors?
Investors always looking for High Profit in short-terms so when they came to Crypto, they usually find something like Staking, Farming,… that offers HIGH % APY, so that will be a TVL problem with new projects in Lending Field , so how Oh Finance attracts investors/users and gains their Trust at the Begin of the Projects ?
So you introduce about Oh! finance team and i found you build this project with your team from past company where you work at Microsoft, their name was Mason and Noah Coomer. Can you introduce to me about them and share the story about how the idea came to start Oh! finance project?
As I know you claim that the most important thing for end user in DeFi is security. but even project already full audit, its not protect user full 100% from being scam and protect from hacker. So how are the way Oh! Finance convince that your platform is secure and cant harm user?
I read from your whitepaper, Oh! Finance really care about gas fees. You have plan to batching user deposit into strategy loan contract, gas fee signal, batched auto compounding. But how actually the mechanism work from ‘them’ to solve about gas fees issue ?