We are pleased to announce our next AMA on February 3rd 2022 at 11:00 AM UTC Time: Satoshi Club x Minterest
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Minterest Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Minterest Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Minterest
For more details:
Minterest Website – minterest.com
Minterest Telegram – @MinterestFinanceChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You recently announced that users should Join the Community Allocation Event of the most capital-efficient lending protocol of all, Minterest and that Minterest is designed to outcompete all other incumbents with its innovative $MNT token. The CAE was organised to support the community of smaller participants, so they can have fair access to $MNT before the main LBP token event in February, and at the lowest average price of the subsequent LBP too! What are the processes involved for users to take part in the CAE and what requirements is needed to take part in the whitelist process? Can all users participate in it? There is a guaranteed allocation of 500 USDC up for grabs for users who complete the two simple steps to whitelist for the CAE. How many users will be allocated this amount?
Based from my in-depth research, Minterest was initially coded and developed using the Rust programming language on a Substrate. This is the natural approach for Substrate technologies that interacts with Polkadot blockchain. However, I have discovered that Minterest’s programming and coding protocols have shifted from Rust into Solidity some couple of months ago. With this being said, what was/were the reason/s for transitioning your back-end developing protocols? What made you decide to choose Solidity instead of Rust? Does this transition greatly affects the project’s protocols in some way?
Polkadot, Kusama, Moonriver and Moonbeam are considered by many as sister networks or blockchains for they inherit similar features and some functionalities. However, Minterest have decided to go and issue the project and its protocols under Moonbeam. We all know that Moonbeam is an EVM compliant parachain on Polkadot. Aside from this, are there other reason/s why Minterest have chosen Moonbeam to deploy the project with? What are the advantages and benefits of the Moonbeam network over Kusama, Moonriver and Polkadot itself?
One of the major utilities of Minterest’s NFTs is for owners to boost their APY percentages when interacting with Minterest’s platform. With this, NFT holders will get the chance to up their $MNT emission and boost their rewards in a fixed duration. May I know, is it possible to extend the duration of APY boost given by your NFTs? Does the duration can be reset or refreshed once they have been drained or used completely? Also, will these NFTs be also listed on a secondary NFT marketplace just like ordinary NFTs are? If so, on what NFT marketplace can we see your NFT be listed/featured?
I was going through the Auto liquidation process of Minterest and how this makes Minterest different from other similar DeFi protocols, including Aave, which uses an external liquidator model to manage liquidation events. The Liquidators in this model actively maintains bots to scan the protocol and identify under-collateralized borrower positions. Every major lending protocol enables liquidators to buy out under-collateralized borrowers at price discounts, which can vary from 5% to 15%. This discount acts as the liquidator’s fee, and is their financial reward for undertaking this activity on behalf of the protocol. But Minterest does something very different; the protocol itself undertakes the liquidator role, and so removes the need for external third-party liquidators. This is the first time a protocol that managed, and so purely automatic liquidation process, has been developed. How has this unique property given you an edge over other DeFi protocols like the AAVE mentioned earlier?? Can you explain more how this concept of auto-liquidation will benefit Investors who are willing to invest in your platform as either borrowers/lenders or sellers? How can investors manage their risk of getting liquidated??
With NFTs becoming popular in the crypto space, MInterest also have Minterest NFTs and Minterest NFTs have functional utilities meaning they enable the holder to interact with the protocol in a way that delivers benefits through the holding of these NFTs and each NFT is unique and will have its specific benefits which it gives its holders. Can you elaborate more on Minterest NFTs and its different functional utilities in Minterest Platform? How can users acquire Minterest NFTs? Can you also explain on the exclusive benefits, utilities which Minterest NFTs will provide to its Holders? Lastly, can you explain on the different ways in which Minterest NFTs holders can earn benefits using their NFTs?
Minterest’s feature innovations revolve around breakthrough in two key aspects of lending protocol model architecture,each fundamental to ensuring the protocols ability to be valuable to its users.it fulfills these with feature innovations like auto-liquidity, automated Buyback, financially loyalty rewards for long-term active governance participation, and user-centric portfolio analysis tools that a user with risk management insight.please can you elaborate on the two key aspects of the lending protocol model architecture and the advantages the breakthrough offers to users?can you elaborate on how the aforementioned innovation will ensure the protocols ability to be valuable to its users?