{"id":13569,"date":"2021-10-21T19:33:41","date_gmt":"2021-10-21T16:33:41","guid":{"rendered":"https:\/\/esatoshi.club\/?p=13569"},"modified":"2021-10-21T19:33:42","modified_gmt":"2021-10-21T16:33:42","slug":"ama-satoshi-club-x-radar-october-20th-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/10\/21\/ama-satoshi-club-x-radar-october-20th-2\/","title":{"rendered":"AMA Satoshi Club x Radar, October 20th"},"content":{"rendered":"\n

We were delighted to welcome our guest from Rada. The AMA took place on October 20th, 2021 and our guest was @dragosL.<\/p>\n\n\n\n

The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014\nintroduction and questions from the\nTelegram&Bitcointalk community<\/strong><\/h2>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Greetings dear Satoshi Club ❤️<\/p>\n\n\n\n

We are\npleased to announce AMA with Radar.<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Today\u2019s guest is @dragosL! Welcome!\nGreat to have you here! 🥳🥳<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Greetings everyone! Really happy to be here\nagain!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club ❤️<\/p>\n\n\n\n

Dragos | Radar: <\/strong>We will have a great time together<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>We are really excited about upcoming\nAMA😊<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Thank you for coming back! 🔥🔥🔥<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>How’s your day been so far? 😄<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Let’s start! Introduce yourself\nplease. How did you get to be involved in crypto & Radar <\/p>\n\n\n\n

Tell us\nplease about your position in Radar<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Pretty chaotic as always, I’ve been sleeping\naround 2-4 hours max for the past 2 months so yeah everything is really busy<\/p>\n\n\n\n

Dragos | Radar: <\/strong>But the excitement is too big for this to be a\nproblem😁<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>oh … you have a difficult schedule🔥<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Sure! I’ve been a crypto trader for about 8\nyears now. Around 2 years ago I founded Orka Labs, which is an algorithmic\ntrading fund, and after a while of looking for a complete solution for traders\nwe decided to take the matter into our own hands and build the product that we\ndreamt of using. <\/p>\n\n\n\n

Now I am\nthe CEO of Radar, our team is comprised of about 45 people at the moment. 25\nfull-time developers + 20 administrative staff. I’m sorry that it’s only me\nhere today but the team is working very hard in order to launch the first\nproduct on the 31st this month!<\/p>\n\n\n\n

Dragos | Radar: <\/strong>hopefully you will understand why after this\nAMA⚡️<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Great background👏👏👏<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Give us a brief introduction to the\nproject. What is the essence of Radar<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Definitely, so Radar is a self sustaining\necosystem, providing its user everything the need, ranging from a platform that\nis built using a cross-chain solution that combines a regular asset management\nplatform with complete freedom through the power of DeFi and cross-chain\ninteroperability to the DEX Aggregator that will route decentralized swaps\nthrough different protocols and chains, in order to minimize slippage and\nmaximize efficiency; alongside the native Mobile  App, where users can store assets on most EVM\nsupported blockchains and have access to the ecosystem\u2019s platforms.<\/p>\n\n\n\n

And this is\nnot everything, we have lots of secret features to announce in the following\nweeks, as we plan to continuously expand the ecosystem.<\/p>\n\n\n\n

p.s. all\nthe products that you will read about in the whitepaper are about 85% complete\nbesides the asset management app which is 100% and is going to be launched on\nthe 31st this month!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Sounds really good<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Also we would like to know more\nabout your team. Who is on the project team core?<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>31st of this month – it’s almost\nthere! 🎉 I understand your excitement\nclearly 🔥🔥🔥<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>you intrigued us 😁🤩<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Hopefully you will disclose some\neaster egg throughout the AMA with our Satoshi Club community… We love\nsecrets haha 😄🔥<\/p>\n\n\n\n

Dragos | Radar: <\/strong>We have a detailed announcement about that\ncoming. We are actually continuously hiring so around the time of the platform\nlaunch we just want to explain everything to the community, what each member of\nthe team does and so on, because as I told you we are about 45 people now\nworking full time on this<\/p>\n\n\n\n

Dragos | Radar: <\/strong>And more than half of these 45 people work full\ntime by crypto standards, which is basically 2x the normal amount<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Dream team in action🔥🔥🔥<\/p>\n\n\n\n

Dragos | Radar: <\/strong>I will be looking to do that, but keep in mind\nthat most of my answers if not all will be written on the go so yeah, don’t\nknow the exact moment when I’ll do that<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>And by the way, the core team\nmembers are all public right?<\/p>\n\n\n\n

Gold 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\n

Paul Mont | Satoshi Club: <\/strong>That’s more than enough!😉🚀<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Yes definitely<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Let’s go ahead, very excited for it!😁<\/p>\n\n\n\n

Q1\nfrom Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n

According\nto your website, Radar will have over 15 protocols in which you grant a direct\naccess to the DeFi economy through your integrations and we can invest and\nstart earning automated returns by providing liquidity, lending, insurance and\ntrading. So, in connection with this can you give a brief explanation about\nthis 15 protocols that you are going to deploy in your platform? Why do you\nneed such a lot numbers of protocol?What will be the advantages that those\nprotocols brings to your network and to users? Lastly, how does automated\nreturns function in your platform through providing liquidity, lending,\ninsurance and trading? As what I have notice that lending, insurance and\ntrading will be coming soon with radar, so can you share some little\ninformation and overview about your lending, insurance and trading features?\nWith investing in your lending, insurance and trading, how it would give a\nbetter automated returns? Thank you<\/em><\/p>\n\n\n\n

Dragos | Radar: <\/strong>I will explain everything but you will have to\ngive me 2-3 minutes to write it all, hope you understand<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Take your time please 😉<\/p>\n\n\n\n

Dragos | Radar: <\/strong>As you’ve seen we will integrate over 15\nprotocols, so what exactly do we mean by that?<\/p>\n\n\n\n

Our asset\nmanagement app will enable anyone to create his own vault and manage the assets\nof other people who deposit funds into it. <\/p>\n\n\n\n

Our job as\nplatform is to make sure that the Manager (the person who is managing the\nassets) has access to as many protocols as possible so that he can create any\ntype of investment strategy that he wants.<\/p>\n\n\n\n

Let me just\nquickly give you some examples: Lending – Compound , Yield farming – Idle,\nYearn <\/p>\n\n\n\n

So yeah\nthis is what we mean by integrating protocols, I hope you get the idea.<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Crystal clear 🙏<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>these are really revolutionary\nideas! 🚀<\/p>\n\n\n\n

Dragos | Radar: <\/strong>As for this part “As what I have notice\nthat lending, insurance and trading will be coming soon with radar, so can you\nshare some little information and overview about your lending, insurance and\ntrading features? With investing in your lending, insurance and trading, how it\nwould give a better automated returns? Thank you”<\/p>\n\n\n\n

I believe\nthe number of investment options is directly proportional to the chances of\nsucceeding for Managers.<\/p>\n\n\n\n

If you\ncompare us to a platform like dhedge.org, we are basically the same, but you\ncan only TRADE SYNTHS on their platform. With you you can do this as well,\nbesides trading on any DEX, yield farming, lending, etc.<\/p>\n\n\n\n

Dragos | Radar: <\/strong>And please keep in mind that this is just the\nfirst product from our ecosystem that we are about to launch on the 31st<\/p>\n\n\n\n

Dragos | Radar: <\/strong>We will continue to launch a product\/month for\nthe next 5 months at least, we have a lot in store for you guys<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>So that means 5 new products (at\nleast) are in the works for the Radar ecosystem users, right?<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Just got the idea for the easter egg, I will\nshare one screen from 3 of our products so you can get a real feel of how we\nwork and how serious we are about this ecosystem.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Satoshi Clubbers! Don’t miss great\nopportunity🔥<\/p>\n\n\n\n

Dragos | Radar: <\/strong>3 are 90% complete, the 4th is about 60%\ncomplete<\/p>\n\n\n\n

Dragos | Radar: <\/strong>And there are a lot of unannounced products,\nthe token utility is till unannounced<\/p>\n\n\n\n

Dragos | Radar: <\/strong>And trust me this is the best part of the whole\nproject, the token utility is something that I’m sure you’ve never seen before!🔥<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Ok, I’m definitely hyped and wanting\nto know more now 🤩<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Which of the products down the\nupcoming roadmap are you most excited about (without spoliling too much of the\nsurprise right now)?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>we look forward to the snack peack😁<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Thanks for your great answers<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Ready to proceed to the next\nquestion?❤️<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Sure!<\/p>\n\n\n\n

Q2\nfrom Telegram User @Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n

One more\ngreat initiative is POR (proof-of-return). Radar puts asset allocators in touch\nwith asset managers to maximize the growth of their portfolio with a higher\nchance compared to their own efforts. These asset managers are considered to\nwork as consultants for Radar? Besides the rewarding system based on the\nresults of investments what are the advantages for managers to be interested in\nworking with Radar users? Can a simple Radar token holder become asset manager\nwith time in case his\/her activity is high? Thank you!<\/em><\/p>\n\n\n\n

Dragos | Radar: <\/strong>I am happy to explain anything about the\nproject, it’s what I’ve been breathing for the past months so I’m very exicted\nabout what’s coming<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>we understand this and support your\nexcitement 😊<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Any user can become an asset manager (i.e.\ncreate a vault) on our platform. The POR is just our way of trying to protect\nthe end user from malicious managers, because some of them will be KYCd (it\nwill be optional in order to get a “Verified” checkmark), but as you\nknow with a 100% decentralized and perimissionless system we can’t control\neverything so yeah, just doing our best with the tools we got.<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Depending on a few metrics you will be assigned\na Trust Score(for example how many of your own assets you have in your own\nvault, because obviously if you have your own funds on the line you will act in\ngood faith)<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Remember that we still have to announce a lot\nof details, what I’m telling you now is probably not on the whitepaper or\nanywhere actually<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Thank you very much for sharing😊<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Do you want to add something or we\ncan proceed to the next question?😉<\/p>\n\n\n\n

Dragos | Radar: <\/strong>We can proceed to the next question, thank you!<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Here it comes 🙂<\/p>\n\n\n\n

Q3\nfrom Telegram User @MasterfulAstil<\/em><\/strong><\/p>\n\n\n\n

As I\u2019m\nnot a pro in crypto, AA\u0421 (Auto-allocated capital) feature attracted me as an\noption of easy and quick possibility to invest my money. I understand that\nRadar protocol will decide for me where exactly to invest depending on my\npreferences. But as a creators, could you share on where will the funds go? Is\nthere any preferred direction, vault for financing? Thank you!<\/em><\/p>\n\n\n\n

Dragos | Radar: <\/strong>Radar will be a 100% decentralized and\npermissionless ecosystem. In about 1-2 months max. from now we will pass the\ngovernance to the DAO. (We already passed all the team tokens to the DAO\nwallet)<\/p>\n\n\n\n

Radar\nitself doesen’t decide anything for you, instead it aims to give you all the\nnecessary tools so that you can make an informed decision by yourself. (This is\nwhere PoR and other unique features come in)<\/p>\n\n\n\n

The\ncreators actually don’t have an option to hide their activities as technically\nspeaking each Fund is a smart contract and EVERYTHING is recorded on the\nblockchain so there is 100% transparency regarding everything.<\/p>\n\n\n\n

Dragos | Radar: <\/strong>If any of my answers are not enough, I will be\neagerly waiting for you on the video AMA after this one to explain in more\ndetail, way easier to do on video compared to writing. Thank you for\nunderstanding<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>which features are you personally\nmost proud of😊<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>It’s very empowering. Information is\nkey to make the best decision, in any field, after all 😉<\/p>\n\n\n\n

Dragos | Radar: <\/strong>The token utility is definitely the feature\nthat I am most proud of, you will soon find out what I am talking about.<\/p>\n\n\n\n

A LOT of\ntime and resources went into creating this system<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>you just intrigue us more and more 😁<\/p>\n\n\n\n

Paul Mont | Satoshi Club: <\/strong>Again – guys & girls, don’t miss\nout on the opportunity to follow up, after this AMA, with Radar’s video AMA 😉<\/p>\n\n\n\n

Dragos | Radar: <\/strong>let me just share 3 screens, have a look and we\nwill continue afterwards<\/p>\n\n\n\n

Dragos | Radar: <\/strong>Mobile App<\/p>\n\n\n\n

<\/p>\n\n\n\n