https:\/\/adalend.finance\/#team<\/a><\/p>\n\n\n\nMary Satoshi Club: <\/strong>Sure! Thank you for sharing!<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Thanks for great introduction, we\nhave several questions which were selected for the 1st part. Ready to start?<\/p>\n\n\n\nKaspars ADALend: <\/strong>I was born ready!<\/p>\n\n\n\nQ1\nfrom Telegram user @Cheriemike<\/em><\/strong><\/p>\n\n\n\nIn many\nlending and borrowing crypto projects, borrowers avail loans in dollars or\ncrypto by keeping digital assets as collaterals as in a conventional bank.\nAfter collateralizing cryptocurrencies, you remain the owner of that collateral\nbut you cannot use it for trading or making transactions. Some of the leading\nplayers in the DeFi financing are Compound, MakerDAO, AAVE, Justlend. My\nquestion is what key strength and benefits do you have over these projects? How\ndo you plan to curb Technology risks like code errors which can make your\nproject vulnerable to hacking? How do you plan to create a bridge between\ntraditional financing and DEFI? Thanks<\/em><\/p>\n\n\n\nMary Satoshi Club: <\/strong>Complex question 😀<\/p>\n\n\n\nKaspars ADALend: <\/strong>Oh yeah<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Take your time please😊<\/p>\n\n\n\nKaspars ADALend: <\/strong>So firstly, I will tell you about key strength\nand main benefits of ADALend. I will put it in numbers:<\/p>\n\n\n\n1.\nPermissionless Lending on Any Pairing ensuring that the best offers are\navailable and that only the safest oracles are used.<\/p>\n\n\n\n
Mary Satoshi Club: <\/strong>Which oracles do you use?<\/p>\n\n\n\nKaspars ADALend: <\/strong>2. Liquidity is predicated on having enough\nassets in each pool to facilitate lending. ADALend addresses this requirement\nby incentivizing users to deposit assets and provide liquidity.<\/p>\n\n\n\nKaspars ADALend: <\/strong>3. Community Governance allowing token holders\ncan establish consensus by voting on governance proposals or introducing new\nproposals for a vote.<\/p>\n\n\n\nKaspars ADALend: <\/strong>The key dependency in the lending protocol is\nPrice oracle. We will be utilizing multiple oracles for protocol security \u2013\nChainlink and Ergo are good oracles to start with.<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Nice choice 😊<\/p>\n\n\n\nKaspars ADALend: <\/strong>So to continue about benefits and security<\/p>\n\n\n\nKaspars ADALend: <\/strong>We also have Ecosystem Foundation Layer that\ngives the project the ability to attract assets and build incentives that can\nempower an ecosystem of financial products.<\/p>\n\n\n\nKaspars ADALend: <\/strong>The security of the project is enhanced by it\u2019s\nprotocol architecture, code quality, health monitors, and active liquidation\nbots and insurance.<\/p>\n\n\n\nKaspars ADALend: <\/strong>And lastly to say about security system, the\ncollateralization ratio is helping the loan amount to be consistently lower\nthan a specific percentage of collateral. And the origination fee for borrowing\nalso prevents spam on the contract.<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Safety first 👌<\/p>\n\n\n\nKaspars ADALend: <\/strong>Of course!<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>well thought out system, I dare say<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Do you plan any audits or may be even\ninsurance?<\/p>\n\n\n\nKaspars ADALend: <\/strong>Well yes, we will have our protocol audited by\nmost advanced audit companies, we are in deep discussions…<\/p>\n\n\n\nKaspars ADALend: <\/strong>And searching for best solutions!<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Thanks for your great answers<\/p>\n\n\n\nQ2\nfrom Telegram user @DK177<\/em><\/strong><\/p>\n\n\n\nYou\nmanage several lending pools and each pool has several key components including\nliquidation model, utilization ratio, borrowing, and lending interest rate.\nWhen choosing a pool, are there any aspects to consider in addition to\naforementioned common concerns? When comparing to pools offered by similar\nplatforms, how do ADALend pools differ in terms of benefits and security? Could\nyou please explain which is the best pool in the current situation?<\/em><\/p>\n\n\n\nKaspars ADALend: <\/strong>Good question !<\/p>\n\n\n\nKaspars ADALend: <\/strong>We will use the liquidity mining program to\nbootstrap the liquidity on the lending pool and control the utilization ratio\nof each asset. All the actions on the protocol are incentivized by importance\nlevel. I will write down by order<\/p>\n\n\n\nKaspars ADALend: <\/strong>Lending<\/p>\n\n\n\nBorrowing<\/p>\n\n\n\n
Liquidation<\/p>\n\n\n\n
Flash Loan<\/p>\n\n\n\n
Governance\nvotes <\/p>\n\n\n\n
Governance\ntoken LPs<\/p>\n\n\n\n
Kaspars ADALend: <\/strong>The amount of tokens allocated for the\nliquidity mining program will be published in the forthcoming tokenomics paper.<\/p>\n\n\n\nMary Satoshi Club: <\/strong>When do you expect all details to be public?😀<\/p>\n\n\n\nKaspars ADALend: <\/strong>To say more, liquidity is predicated on having\nenough assets in each pool in order to facilitate lending. ADALend addresses\nthis requirement by incentivising users to deposit assets and provide\nliquidity.<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Sounds exciting 👏<\/p>\n\n\n\nKaspars ADALend: <\/strong>We expect the full launch of the ADALend\nprotocol in 2022 Q3 – Q4<\/p>\n\n\n\nMary Satoshi Club: <\/strong>You have time 😀<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>don’t forget to share with Satoshi\nClubbers😊<\/p>\n\n\n\nKaspars ADALend: <\/strong>Now I want to explain the difference of ADALEnd\nfrom other platforms<\/p>\n\n\n\nKaspars ADALend: <\/strong>Sure<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Thanks for your answers 😃<\/p>\n\n\n\nKaspars ADALend: <\/strong>The example is JustLend. When comparing ADALend\nand JustLend, we cannot ignore the characteristics of the Cardano and Tron\nblockchains which is what everything boils down to.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Here are three key benefits of ADALend over\nJustLend:<\/p>\n\n\n\nKaspars ADALend: <\/strong>So the first one is Algorithms<\/p>\n\n\n\nKaspars ADALend: <\/strong>ADALend which utilizes Cardano uses the\nOuroboros algorithm permits parties to join the protocol execution using just\nthe genesis block information in a secure manner. Prior to this approach, PoS\nprotocols either needed participants to get a trusted \u201ccheckpoint\u201d block upon\njoining and to remain online often, or they required a precise estimate of the\nnumber of online parties to be hardcoded into the protocol logic. Ouroboros\nuses rigorous security guarantees that are considered mathematically proven.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Then Roadmap Development<\/p>\n\n\n\nKaspars ADALend: <\/strong>To give you the detailed information, Cardano\nhas a well-organized team with clear objectives, further developing the\nproject. Cardano has enormous scalability potential and the ability to create\ndecentralized applications making it a very robust blockchain capable of\nhandling the demands of the future. While Cardano and Tron appear to be working\non a DPoS consensus from the outside, Cardano has put more effort into building\nits own unique consensus. Tron, unfortunately, has the first stage of the TRON\nproject\u2019s plan, which comprises the deployment of its blockchain completed. As\na result, despite having its own network, the platform is still in its early\nstages of development and short terms goals remain undefined.<\/p>\n\n\n\nKaspars ADALend: <\/strong>And lastly<\/p>\n\n\n\nKaspars ADALend: <\/strong>Blockchain Structure<\/p>\n\n\n\nKaspars ADALend: <\/strong>In reality, the TRON platform is overly\ncentralized. About half of all TRX tokens on the market are held in 10\naddresses, which might have a significant impact on the cryptocurrency\u2019s price.\nFurthermore, roughly 15% of all distributed coins are available for private\ninvestment. The remaining will be owned by a few developers and significant\ninvestors.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Hope that will be enough for the answer😮💨<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Sure! Very detailed answer!😍<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>flawless answer👏👏👏<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Are you ready to jump to the next question?<\/p>\n\n\n\nKaspars ADALend: <\/strong>Yeah<\/p>\n\n\n\nQ3 from\nTelegram user @antoni_azx<\/em><\/strong><\/p>\n\n\n\nIn the\nfrequently asked questions section of your platform you say that AdaLend is\nlooking to scale and provide various assets including LP tokens to facilitate\nprofits with yield for users, but you do not specify what those assets would be\nin the short term, can you tell us more specifically about Which ones will be\nincluded in the initial phases of the project and which token will be the one\nthat will take the reins of your ecosystem?<\/em><\/p>\n\n\n\nKaspars ADALend: <\/strong>As stated earlier, all activities on the\nplatform will be done through its native token\u2014LP token.<\/p>\n\n\n\nKaspars ADALend: <\/strong>This token will be used to determine the\nutilization ratio for our lending protocol projects according to the specified\nobjectives and mission statement. The ADALend token is a utility token based on\nits number of use cases\u2014governance, lending, borrowing, and incentivization.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Furthermore, the deflationary approach will be\nadopted to ensure that the token’s value continually rises.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Deflation in this context doesn\u2019t imply the\nconventional economic approach. Instead, it talks about removing a particular\nportion of the token from circulation for the perceived value of the token to\nincrease.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Different lending protocol platforms have used\nthis approach. Some of the methods employed to achieve the deflationary policy\ninclude token burning, token buyback, and token blocking to ensure a recurrent\nrise in the value of the LP token…<\/p>\n\n\n\nKaspars ADALend: <\/strong>That’s it)<\/p>\n\n\n\nMary Satoshi Club: <\/strong>On which place will you have governance? Will\nit start from the beginning or after platform will be fully launched?<\/p>\n\n\n\nKaspars ADALend: <\/strong>ADALend is looking to bring a new governance\nsystem to build a scalable system truly controlled by active users and backers\nof the community.<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>Sounds great 👍<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Thank you for your answers! Ready to go to the\nnext question?😀<\/p>\n\n\n\nKaspars ADALend: <\/strong>The governance decides critical decisions and\nparameters for the lending pools, including:<\/p>\n\n\n\nAssets\nadding and removal<\/p>\n\n\n\n
Collateralization\nratio per asset by asset’s risk ratio<\/p>\n\n\n\n
Yield\nprograms<\/p>\n\n\n\n
Fee rates \/\nUsage of the fees\/Protocol upgrades<\/p>\n\n\n\n
Q4\nfrom Telegram User @Jamesxmen<\/em><\/strong><\/p>\n\n\n\nCongratulations!\nFor the Selling out 4% of $ADALend tokens of total supply in seed round less\nthan an hour. Could you share with us benevolent information regarding the seed\nround? Who were the backers & investors participated in the Seed round? A\nprivate round & launchpad IDO will be take place soon within ADALend\nproject as I guess. Please provide a well description about the private sale\n& IDO So that retail investors like me can prepare to the whitelisting\nprocess?<\/em><\/p>\n\n\n\nKaspars ADALend: <\/strong>The Seed investors are HNWI (High net worth)\nindividuals from Dubai, Saudi Arabia, and China and are private individuals who\ndo not want their names published.<\/p>\n\n\n\nKaspars ADALend: <\/strong>And the first IDO will take place\nmid-December\/early January and trading on major platforms starts mid-January. <\/p>\n\n\n\nMary Satoshi Club: <\/strong>Do you already know where it will take place?<\/p>\n\n\n\nKaspars ADALend: <\/strong>Well cannot say directly…We will announce the news\nregarding the listing soon \ud83d\ude09<\/p>\n\n\n\nMary Satoshi Club: <\/strong>We will follow your updates! And don’t forget to share\nwith us your news!<\/p>\n\n\n\nGold Rocket | Satoshi Club: <\/strong>oh … we look forward to🙏<\/p>\n\n\n\nMary Satoshi Club: <\/strong>Thank you for your answers! Ready for the next\nquestion?<\/p>\n\n\n\nKaspars ADALend: <\/strong>Sure!!!<\/p>\n\n\n\nQ5 from Telegram\nUser @Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\nAny financial\ninstitution will always guarantee the return of any credit provided by making a\ncredit check verification or asking to confirm the ownership of some capital\nassets. How does the process is built at Adalend? What are the criteria of\ncredit check verification for the requestor to pass? Thank you!<\/em><\/p>\n\n\n\nKaspars ADALend: <\/strong>ADALend decentralized application basis provides an\nimmediate reply to loan requests which depends exclusively on the borrower\u2019s\neligibility to request a loan. This involves how much the borrower understands\nguiding rules. First-time borrowers may experience difficulties in analysing\nthe actual value of requested tokens. This group of borrowers needs to apply\nextra caution in setting the appropriate value of collaterals, as overvalued\ncollaterals may discourage prospect lenders, restricting funding of the loans.<\/p>\n\n\n\nKaspars ADALend: <\/strong>Cardano operates on a 100% trustee venture, lessening\nthe need to trust the borrowing party as a lender.<\/p>\n\n\n\nMary Satoshi Club: <\/strong>In simple words – what i will have to do to borrow on\nyour platform?<\/p>\n\n\n\nKaspars ADALend: <\/strong>So once a borrower puts up a loan request on ADALend,\nthe lending party, ADALend platform, or any other party cannot hinder the said\nloan request from being activated once the loan amount is granted.<\/p>\n\n\n\nKaspars ADALend: <\/strong>So in place of trusting the borrowing party as the\nlender, decentralization strategies and procedures are utilized to limit the\nnecessity of trusting the borrower, significantly limiting associated risks\ninvolved with the implemented borrowing system.<\/p>\n\n\n\nKaspars ADALend: <\/strong>😌😌<\/p>\n\n\n\nQ6 from Telegram\nUser @Ask4Unik<\/em><\/strong><\/p>\n\n\n\nThe Ethereum\nnetwork uses a proof-of-work(poW) blockchain which frankly is inefficient\ncompared to the Cardano blockchain,a proof-of-stake(poS) system.The Cardano\nblockchain allows the processing of much higher number of transaction in\ncomparison to Ethereum.Moreover,the Cardano blockchain is much faster.Since the\nCardano blockchain is more faster and effective,do you in the have any plans to\nintegrate other Blockchain like Solana,BSC?How about having Cross-Chain\nInteroperability in the future? And which LP tokens are users allowed to use in\nyour platform? Thanks<\/em><\/p>\n\n\n\nKaspars ADALend: <\/strong>So to say, with the constantly heightening rates of\ncryptocurrency-related crimes, ensuring adequate security of users and assets\nremains a priority. Cardano, as a lead proof-of-stake platform, provides an\nabsolute and proven safety of its users.<\/p>\n\n\n\nKaspars ADALend: <\/strong>ADA is developed to overcome challenges encountered in\nusing other crypto platforms. Cardano is regarded as a better and more\ndependable digital investment in comparison to other cryptocurrency assets.<\/p>\n\n\n\n