{"id":1680,"date":"2020-09-06T18:45:53","date_gmt":"2020-09-06T15:45:53","guid":{"rendered":"https:\/\/esatoshi.club\/?p=1680"},"modified":"2020-09-06T18:45:57","modified_gmt":"2020-09-06T15:45:57","slug":"hedget-x-satoshiclub-ama-from-05-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/09\/06\/hedget-x-satoshiclub-ama-from-05-september\/","title":{"rendered":"Hedget x SatoshiClub AMA from 05 September"},"content":{"rendered":"\n<p> Wherever smart people work, doors are unlocked, Steve Wozniak told.  SatoshiClub already ulocked a lot of the doors to the most interesting crypto projects for our community. And today we would like to tell you about the AMA session with our friends from Hedget. The AMA took place on September 05 and our guests were  Serge Lubkin and Malcolm Lerider, co-founders of Hedget ,  <\/p>\n\n\n\n<p>The total reward pool was 800$ and has been splitted in 3 parts.<\/p>\n\n\n\n<p>In this AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction <\/strong><strong>and\n<\/strong><strong>questions\nfrom the Telegram<\/strong><strong>&amp;Bitcointalk<\/strong><strong>\ncommunity<\/strong><\/h2>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Hello, everyone! <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40sergelubkin\">@sergelubkin<\/a> and <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40malcolmlerider\">@malcolmlerider<\/a> will be our guest today! Welcome to SatoshiClub!<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Hi people! Pleasure to be here!<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Hello! Welcome to Satoshi Club!<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Please, introduce yourself and tell us how did you get into the crypto world:grinning:<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>also a small introduction of Hedget \ud83d\ude42<\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> Hi everyone<\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> My name is Serge Lubkin. I was Chromia marketing lead during IEO and further exchanges listing. I built relations with communities and influencers. I&#8217;m MSc in Economics, but all my life, I&#8217;ve been doing marketing for various projects. Also, I&#8217;m an experienced derivatives trader, traded a lot on BitMEX\/Binance\/Deribit, mostly perpetual swaps and futures, and also options. Now, I am a co-founding Hedget with Malcolm.<\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> I\u2019m Malcolm, also co-founder of Hedget. I ran the R&amp;D at NEO back in 2017 and worked on global blockchain projects at PwC. I have been doing business development and community building at Chromia after I left PwC, as I see Chromia being the most flexible and usable blockchain from R&amp;D and business perspectives, I&#8217;m a product builder after all. We now have a very exciting project to prove what Chromia actually can do, and that&#8217;s Hedget\uff01<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Hedget is a \u201cGadget for Hedging,\u201d a platform for P2P decentralized options. You pay the smallest possible premium to secure your positions against unexpected price movements, seeing what we did the last few days, it\u2019s pretty nice to have products like that.<br>  In an industry where many take advantage of \u201cgambling behavior\u201d, we want to offer the exact opposite \u2014 a possibility to remove risk in a decentralized manner. So our values are aligned around eliminating risk in crypto. It\u2019s like basic insurance for very volatile crypto markets. It\u2019s so good solution for the market like today \ud83d\ude09 Cascading liquidations, \u201cblood on the streets\u201d, optimal time to think about hedging strategies:)<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Yes, it&#8217;s so risky and that would be great to have such platform as you offer :+1: I want to know everything about Hedget platform) so, never &#8220;blood&#8221; on my street)<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Absolutely, we are here to answer all your questions<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Ok, so, i think we can start with the questions, are you ready?)<\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Let&#8217;s go!<\/p>\n\n\n\n<p><em>Q1 from bitcointalk user let098765<\/em><\/p>\n\n\n\n<p><strong> Sometimes, I got liquidated in my position especially when the market move so fast and I don&#8217;t notice my position is already liquidated. So I see in your website that Hedget can avoid Liquidation and never get liquidated of the position, so how possible it is? In what way that liquidation can be avoided? Can you share some Hedget techniques?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Let\u2019s ask first why liquidations happen? <br> Because you don\u2019t have enough capital to sustain either Loan to Value Ratio in case of borrowing or Risk to Value Ratio on case of marginal trading &#8230; So why it happens? The price of your capital dropped so you cannot sustain and platform needs to liquidate you.Not to lose its money. So, what options do? They can fix the price on certain level for a certain period of time, let\u2019s say one day.So you have one additional day with the same price either to deposit more collateral or \u201cliquidate\u201d yourself at better price or buy more time again. Convenient, right?<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Yes, you are right:grinning:<\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> Of course to make it work exchange or protocol needs to be integrated with Hedget. Otherwise users can do it themselves.We will provide variety of tools to do that . I think I answered this one<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Which exchanges or protoclos do you plan to integrate with Hedget?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Everything that is open source will be integrated. Regarding CEXes and CeFi in general- depends on their management. But we see a lot of interest<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Any partnerships with those who are not open source?:wink:<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Yes, we are in talks with all big and mid exchanges. We will announce when sign mous<\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> Lending protocols and other DeFi projects where price volatility is an issue are target markets. We are building a suite of API tools that will make it very easy for protocols and CEX to integrate on their own initiative as well<\/p>\n\n\n\n<p><strong>ML | Satoshi Club:<\/strong> yes, sure we&#8217;ll see a lot of integrations soon:grinning:<\/p>\n\n\n\n<p><em>Q2 from bitcointalk user linderm<\/em><\/p>\n\n\n\n<p><strong> It is interesting. I didn&#8217;t see so many projects using Chromia as an ETH layer 2 solution. Why have chosen Chromia among many solutions which are there?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Chromia is technologically superior for the kind of product that Hedget is building. It is unfortunately not that well known in the public blockchain sphere, but the &#8220;relational blockchain&#8221; behind it has been used by ChromaWay for private and consortium chains for a long time, and in that sphere ChromaWay is already an established name. It is being used for plenty bank and government implementations.<br> To sum it up a bit, it is basically a relational database wrapped in a blockchain. In practice it means that you can do really complex operations, same as you would do on a traditional SQL database. Querying specific data and do batch updates is super easy on Chromia. This is a big deal, as similar operations on for example Ethereum in some cases require to replay the whole blockchain to do. <br> The &#8220;relational blockchain&#8221; is also what allows us to build easy to use API&#8217;s with comparably short development time. This flexibility is also a strategic advantage; Hedget will be able to iterate on decentralized options and build more complex DeFi products. We can more or less &#8220;copy&#8221; traditional financial instruments and implement them in a similar manner on a decentralized blockchain. This is not feasible on most other blockchains because of their software architecture<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Yes, Chromia also doesn\u2019t charge tx fees<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong> Really? So, we will pay less by using Hedget?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>You will not pay for updating order book order for example. And still it will be decentralized<\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Tx fees on Hedget is only to prevent spam and to prevent bots from farming the liquidity pool with &#8220;fake&#8221; settlements. So yes, it will be low tx fees<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>It&#8217;s really amazing, it was &#8216;a bit&#8217; hard to pay all fees last days:+1:<\/p>\n\n\n\n<p>Which fees do you\ncharge on Hedget? Just to prevent spam or there are additional?<\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> Hedget Fee schedule\u00a0<br> Taker fee 0.04% of underlying (matches Deribit[1], less than on FTX exchange[2])<br> [1]\u00a0<a rel=\"noreferrer noopener\" href=\"\/\/unsafe_url?url=https%3A%2F%2Fwww.deribit.com%2Fpages%2Finformation%2Ffees\" target=\"_blank\">https:\/\/www.deribit.com\/pages\/information\/fees<\/a><br> [2]\u00a0<a rel=\"noreferrer noopener\" href=\"\/\/unsafe_url?url=https%3A%2F%2Fhelp.ftx.com%2Fhc%2Fen-us%2Farticles%2F360038094432-Options-Explainer\" target=\"_blank\">https:\/\/help.ftx.com\/hc\/en-us\/articles\/360038094432-Options-Explainer<\/a><br> Maker fee -0.02% of underlying (unique offer on the market)<br> 0.02% difference between Taker and Maker fees will go to special Reserve locked for two years and governed by DAO<br> Settlement fee 0.02% + ETH fees (if settled on Ethereum) paid by option buyer to option writer<br> In the first 3-4 years 0.02% settlement fee will be paid by the system from the liquidity mining pool, thus rewarding option writers, and reducing total fees for option buyers.<\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Market taker will pay a small fee, that&#8217;s about it. Market maker will actually be rewarded instead of paying fee, from the liquidity pool. This is why we need to have some fees so that the trade is net negative, otherwise people will write bots to farm without providing value.<br> Ethereum fees apply to deposit \/ withdraw collateral and for option settlement.<\/p>\n\n\n\n<p><strong>ML | Satoshi Club:<\/strong> It&#8217;s nice fee structure, good incentive to use your platform:+1:<\/p>\n\n\n\n<p><em>Q3 from Telegram user @alexeimaruta<\/em><\/p>\n\n\n\n<p><strong> Why you choose the European options other others and how will it work?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: It\u2019s ERC20 to start with<\/strong>. As Ethereum is already very well established as the number one platform for digital assets, we will still have our base layer with collateral and settlement there. Chromia is a layer 2 to boost it and give us freedom to develop more complex features with less limitations. So settlement on Ethereum will work via smart contract.<br> Via UI + Metamask option writer creates an option by locking an asset, which gets represented on Chromia chain.Then after all trading is done, option can go back to Ethereum and settled there physically .Meaning buyer puts collateral and unlocks an asset at maturity day or later. We will have 7 days to settle it. Alternatively it can be cash settled on Chromia automatically with the help of Hedget automated MM<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>As i know American style options give additional flexibility for users, don&#8217;t you plan to switch on them later?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Yes, as well as custom, but liquid European Style options market gives better prices for buyers and a lot of flexibility. Liquidity is the key here<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Yes, it has sense &#x1f600; Will it be some one specific day and time for maturity?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>We will have only weekly options at start with maturity date on Friday each week.You can sell your option any time and on a liquid market it\u2019s not a problem. Buy-hedge\/gamble-sell<\/p>\n\n\n\n<p><em>Q4 from Telegram user @dashinberlin<\/em><\/p>\n\n\n\n<p> <strong>Have you raised any funds until now? If yes, how much and from what entities? What is the required amount for you to function properly?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>We raised 790k in private sale and 500k from Alameda Research in strategic round.<br> But there\u2019s update on this round we will publish today, so stay tuned!<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Update? May be you can give us a hint?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>We raised more than 500k \ud83d\ude42<strong> <\/strong>5usd is the price per token<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Wow, incredible :+1: congrats! Also, as i know you will have auction, can you tell us more about it? Or it already finished?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Sure, we are planning to sell 423,000 HGET tokens. The kyc process started on September 1st and ongoing<\/p>\n\n\n\n<p><strong>ML | Satoshi Club:<\/strong> How can users participate in it? Why did you decide to do KYC?<\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>KYC is still open, anyone who would like to join are suggested to go through KYC on <a rel=\"noreferrer noopener\" href=\"http:\/\/www.hedget.com\/\" target=\"_blank\">www.hedget.com<\/a> in the coming 24h to have sufficient time to participate<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>KYC process will be till September 7th but initial bidding starts today<\/p>\n\n\n\n<p>Anyone can join\nbefore September 7<sup>th<\/sup><\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Tokens are issued by Singapore foundation and need to follow relevant KYC and AML<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Got it) And what price will be for HGET tokens?<\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> It\u2019s an open auction in Convergent style <br> This is a novel way of releasing a token and we think it is a more fair and transparent way. An overview can be found on Medium, and more shorter explanation will be released soon <br> <a href=\"https:\/\/medium.com\/hedget\/your-guide-to-the-hedget-token-auction-a1169e97032e\">https:\/\/medium.com\/hedget\/your-guide-to-the-hedget-token-auction-a1169e97032e<\/a><\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Thanks for sharing :grinning: And can you disclose which price you had for private sale?<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Yes 90 cents per token, but with really small allocation per fund\/investor<\/p>\n\n\n\n<p>We also conducted IEO on FTX. Price there was 5usd per token.On auction price starts with 1 usd .Btw we raised another 600k there, forgot to mention :sweat_smile:<\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Lowest bid is 1 USD, and threshold bid (amount needed to receive tokens) will be public on website. We will know on September 12 what the threshold price end up at. Please note that anyone bidding more than threshold price will still only pay the threshold value<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Good chance to get cheap HGET:grinning:  <\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>We hope this is a fair way to do it, as bidders below the threshold always have the choice to drop out or raise above threshold<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>I saw a lot of sales and can tell that it is really fair:grinning:<\/p>\n\n\n\n<p><em>Q5 from Telegram user @jobel4<\/em><\/p>\n\n\n\n<p><strong>In\nHedget Alpha, why there are two testnet running, the Ethereum and\nChromia testnet? What are the advantages of using two testnet?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> It is a two-layer platform, so testing needs to be done on two layers collateral and settlement needs to be tested on Ethereum, trading needs to be tested on Chromia bridge between then also needs testing. To clarify, this is in parallel, they will be running at the same time, but using &#8220;fake&#8221; assets instead of real assets. The Hedget platform will be running on Ethereum mainnet AND Chromia mainnet, so our testing also needs to be done on the testnet of these platforms. There may be some confusion there, we are not launching two copies of the platform. Some functionality will be on Ehtereum and other functionality will be on Chromia, so we need to test on both.<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>So, it&#8217;s just technical needs and there are no any advantages<\/p>\n\n\n\n<p><em>Q6 from Telegram user @LleeKuanYew<\/em><\/p>\n\n\n\n<p><strong> In the near future, Hedget will auction under the convergence auction mechanism. Can you explain and give a simple example of this converged auction mechanism?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> It is similar to public sale, but hopefully with a more fair price discovery. Instead of setting exchange rate in advance, the community will decide the exchange rate for HGET token by an open auction. All bids will be public, so the threshold bid for receiving the token will be known to all participants at all times. This makes it transparent to users in the sense that they don\u2019t have to pay more than the threshold if their bid is high, and have the alternative to drop out or increase their bid if they are under the threshold.<br> Here is simple explanation how it works <a href=\"https:\/\/medium.com\/hedget\/hedget-auction-process-simplified-25cfa133ebe8\">https:\/\/medium.com\/hedget\/hedget-auction-process-simplified-25cfa133ebe8<\/a><\/p>\n\n\n\n<figure class=\"wp-container-2 wp-block-gallery-1 wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"921\" height=\"457\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/med.jpeg\" alt=\"\" data-id=\"1682\" data-full-url=\"https:\/\/esatoshi.club\/wp-content\/uploads\/med.jpeg\" data-link=\"https:\/\/esatoshi.club\/?attachment_id=1682\" class=\"wp-image-1682\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/med.jpeg 921w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/med-300x149.jpeg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/med-768x381.jpeg 768w\" sizes=\"(max-width: 921px) 100vw, 921px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p><strong>Malcolm\nLerider: <\/strong>Let me also try\ngive a simple explanation.<br>\n1. Participants will bid for tokens,\nsimilar to an ordinary auction.<br>\n2. Lowest price where all tokens\ncan be sold for the same price is set as &#8220;threshold price&#8221;.<br>\n3.\nEveryone who bid above threshold price will get tokens, but will only\npay the threshold price.<br>\n4. Participants can choose to increase\ntheir bids during the auction time to get above the threshold price,\nor to drop out if they think threshold price is too high<br>\n5.\nThreshold price may increase as people bid above it, so participants\nshould keep themselves aware of current threshold<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>thanks for the answer. Let&#8217;s open the chat now for live questions<\/p>\n\n\n\n<p><strong>ML | Satoshi Club:<\/strong> It will be real storm:+1:<\/p>\n\n\n\n<h2><strong>Part\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><em>Q1 from Telegram user @eylem201<\/em><\/p>\n\n\n\n<p><strong>What\nare the benefits of holding and staking HGET tokens? And What plans\ndo you have to help drive demand and scarcity for HGET tokens?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>The HGET token is the native utility and governance token of the Hedget platform. It will be issued on the Ethereum network as an ERC-20 contract and will have representation on a Chromia sidechain.<br> Effective immediately upon launch, HGET will serve as the governance token of the HGET platform. In the preliminary stages, the token holders can vote on adding new assets, default options parameters and UI improvements.<br> Before the platform is launched with real assets there will be a Testnet platform (hosted on both Chromia and Ethereum testnets) to participate on which users need to stake HGET to access. Users will trade funds that have little to no real value, but the best performing traders will be rewarded automatically by Hedget protocol with HGET tokens upon mainnet release.<br> When the platform migrates to Mainnet, HGET will be used to prevent spamming of orders which can lead to API overloads and order book manipulation. HGET tokens will need to be staked to interact with the platform. Staking requirements will increase as the monetary value and frequency of a user&#8217;s interactions increase.<br> As the platform is further developed, a DAO will be established and HGET tokens will be used to determine transaction fees, reserve requirements, and general functions and features of the platform.<br> Lastly, the HGET token will be used as a security measure and reputation engine in the future when margined options are implemented. Options writers who wish to offer options without providing 1:1 collateral will need to stake HGET tokens which will be used to purchase fully collateralized options as a hedge in case of Capital insufficiency risk. This mechanism ensures end users cannot be adversely affected by the insolvency of an options writer.<\/p>\n\n\n\n<p><em>Q2 from Telegram user @Dev30000<\/em><\/p>\n\n\n\n<p><strong>In\nthe case of using Chromia as L2 , what problem will it solve of\nEthereum ? What happen when the contracts for sale are not fulfilled\n? How does Hedget apply Chromia Layer 2 to works in a completely\ndecentralized manner ?<\/strong><strong><em><br>\n<\/em><\/strong><br>\n\n<\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> Have you tried sending a transaction on Ethereum the last 2 days? Well, this is the problem it solves when it comes to trading decentralized options \ud83d\ude09<br>  If contracts are not fulfilled, then the option writer can reuse the collateral to write new options. There is no need to make any new transactions on Ethereum.<br>  Hedget uses Chromia nodes for trading and Ethereum for collateral and settlement. In summary, it is as decentralized as Ethereum in terms of asset ownership, and as decentralized as Chromia in terms of option trading<\/p>\n\n\n\n<p><em>Q3 from Telegram user @Xuansang<\/em><\/p>\n\n\n\n<p><strong>Yeild\nfarming is a new trending so Hedget have any plan to yeild farming\nsystem development?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> Good question. Yes, there will likely be automated market maker(s) to farm HGET tokens from the liquidity pool. They will need to be a little more sophisticated though, as Hedget is building a structure where market makers are rewarded but where &#8220;fake&#8221; settlements are at net loss. We want a platform with liquidity, but it must be real liquidity<\/p>\n\n\n\n<p><em>Q4 from Telegram user @imelruyi<\/em><\/p>\n\n\n\n<p><strong>You\nguys are doing Ama&#8217;s in all group &amp; almost answering same types\nof questions again n again? How do You feel about it?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> I don&#8217;t mind as long as people are curious about what we are building. Sometimes I do wonder if some 80% are bot questions, but who knows?<\/p>\n\n\n\n<p><em>Q5 from Telegram user @newto1<\/em><\/p>\n\n\n\n<p><strong>How\ndifferent does these #3 MAIN ATTRIBUTES of HEDGET work?<br>\n\u00b0ESC &#8211;\nETHEREUM SMART CONTRACT<br>\n\u00b0CSW &#8211; CLIENT SIDE WALLET<br>\n\u00b0CTD &#8211;\nCHROMIA-BASED BLOCKCHAIN!!!<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>ESC: Ethereum smart contract which handles ETH and ERC-20 token deposits and withdraws and implements physical settlement. <br> CTD: Chromia-based blockchain (dApp) which handles trades, track ownership of contracts and<br> facilitates communication necessary to perform settlement through Ethereum smart contracts. <br> CSW: Client-side wallet and trading user interface, which takes commands from user and carries<br> them out using Ethereum smart contract and Chromia dApp.<\/p>\n\n\n\n<p><em>Q6 from Telegram user @tolgaozek<\/em><\/p>\n\n\n\n<p><strong>Those\nlayers are subsidiary of each other in case of an emergency?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> Do you mean Ethereum as layer 1 and Chromia as layer 2?<br> If so, then the answer no. The functionality is split; option collateral and settlement is on Ethereum (layer 1), and option trading is on Chromia (layer 2).<br> As example, we can add bitcoin as another layer 1, and bitcoin options would then be available to trade on Chomia (layer 2).<\/p>\n\n\n\n<p><em>Q7 from Telegram user @Xuansang<\/em><\/p>\n\n\n\n<p><strong>Yeild\nfarming is a new trending so Hedget have any plan to yeild farming\nsystem development?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>We are building solution to save liquidity farmers from liquidations \ud83d\ude42 <br> But yes we will have liquidity mining with a slow gradual release.<\/p>\n\n\n\n<p><em>Q8 from Telegram user @regard94<\/em><\/p>\n\n\n\n<p><strong>You\u2019re\ncurrently running two projects simultaneously, Chromia and Hedget.\nWhy not combine them as one and could it cause some difficulties for\nyou considering that resources are limited?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Hedget is branching off with independent management, so we will have our full focus on this project. We will assist Chromia whenever needed, but we will not have any active duties there. So to summary, we will run only one project, while occasionally assisting the other one.<br> It&#8217;s a mutual relationship, Chromia is incubating Hedget to get us a good launch, and of course we will return the favors whenever we can.<\/p>\n\n\n\n<p><em>Q9 from Telegram user @Ravi2139<\/em><\/p>\n\n\n\n<p><strong>What\nare your most important next priorities until the end of 2020? Are\nthe fundamental tools sufficient to achieve these goals?<\/strong><\/p>\n\n\n\n<p><strong>Serge Lubkin:<\/strong> 1. We are building it for users; most tokens go to options writers, and token stakers govern the protocol<br> 2. Flexibility. Chromia is in simple terms a relational database wrapped in a blockchain. All benefits of blockchain, with the possibility to develop as complex applications as centralized ones.<br> 3. Team and network effect. We have gathered people with diverse and specific know-how to develop this project<\/p>\n\n\n\n<p><em>Q10 from Telegram user @ipman099<\/em><\/p>\n\n\n\n<p><strong>Am\ntired of making losses in my crypto trading, can you please tell me\nif you offer ASSET MANAGEMENT SERVICES An what are the requirements\nand procedures involved?<\/strong><\/p>\n\n\n\n<p><strong>Malcolm Lerider:<\/strong> This is step 3 in what we are building, I would estimate ~2 years to get there.<br> Step 1 is to build a platform for decentralized options, with API&#8217;s to support automatic trading.<br> Step 2 is to extend the API&#8217;s to a suite where Hedget can fulfill advanced hedging strategies.<br> Step 3 is where decentralized asset management protocols can be released.<\/p>\n\n\n\n<p><strong>ML | Satoshi Club: <\/strong>Thank you <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40sergelubkin\">@sergelubkin<\/a> and <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40malcolmlerider\">@malcolmlerider<\/a> for being with us! For you time and answers! You can address some words to the community before we open the chat!<\/p>\n\n\n\n<p><strong> Serg | Satoshi Club:<\/strong> Thank you for joining our AMA! it was great and very informative<\/p>\n\n\n\n<p><strong>Serge Lubkin: <\/strong>Thanks for having us!<\/p>\n\n\n\n<p>Amazing questions! Sending some useful links<\/p>\n\n\n\n<p>Website: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.hedget.com\/\" target=\"_blank\">https:\/\/www.hedget.com<\/a> <br> Twitter: <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/Team_Hedget\/\" target=\"_blank\">https:\/\/twitter.com\/Team_Hedget\/<\/a> <br> Telegram: <a rel=\"noreferrer noopener\" href=\"\/\/resolve?domain=hedgetchat\" target=\"_blank\">https:\/\/t.me\/hedgetchat<\/a><br> Medium Blog: <a rel=\"noreferrer noopener\" href=\"https:\/\/medium.com\/@hedget\" target=\"_blank\">https:\/\/medium.com\/@hedget<\/a><br> Hedget Whitepaper: <a rel=\"noreferrer noopener\" href=\"https:\/\/hedget.com\/whitepaper.html\" target=\"_blank\">https:\/\/hedget.com\/whitepaper.html<\/a><br>  Chromia Incubates DeFi project Hedget Decentralized Protocol for Options Trading <a href=\"https:\/\/blog.chromia.com\/chromia-incubates-defi-project-hedget-decentralized-protocol-for-options-trading\/\">https:\/\/blog.chromia.com\/chromia-incubates-defi-project-hedget-decentralized-protocol-for-options-trading\/<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/medium.com\/hedget\/hedget-auction-process-simplified-25cfa133ebe8\">https:\/\/medium.com\/hedget\/hedget-auction-process-simplified-25cfa133ebe8<\/a><\/p>\n\n\n\n<p><strong>Malcolm Lerider: <\/strong>Thank you for all the questions and for staying with us these 2(!) hours!<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>real AMArathon<\/p>\n\n\n\n<h2><strong>Part\n<\/strong><strong>3<\/strong><strong>\n\u2013 Q<\/strong><strong>uiz\nResults<\/strong><\/h2>\n\n\n\n<p>In the final part we tested your knowledge in terms of Hedget. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 500$.<\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media channels:<br><\/strong> English Telegram group: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/Satoshi_club\" target=\"_blank\">https:\/\/t.me\/Satoshi_club<\/a><br> Russian Telegram group: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/satoshi_club_ru\" target=\"_blank\">https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n<p>Spanish\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_spanish<\/a><br>\nTelegram\nChannel: <a href=\"https:\/\/t.me\/satoshi_club_channel\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_channel<\/a><br>\nTwitter:\n<a href=\"https:\/\/twitter.com\/realsatoshiclub\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/realsatoshiclub<\/a><br>\nWebsite:\n<a href=\"https:\/\/esatoshi.club\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Hedget Community:  <a rel=\"noreferrer noopener\" href=\"\/\/resolve?domain=hedgetchat\" target=\"_blank\">https:\/\/t.me\/hedgetchat<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wherever smart people work, doors are unlocked, Steve Wozniak told. SatoshiClub already ulocked a lot of the doors to the most interesting crypto projects for our community. And today we would like to tell you about the AMA session with our friends from Hedget. The AMA took place on September 05 and our guests were [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1680"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=1680"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1680\/revisions"}],"predecessor-version":[{"id":1684,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1680\/revisions\/1684"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=1680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=1680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=1680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}