{"id":17206,"date":"2022-01-12T18:53:37","date_gmt":"2022-01-12T15:53:37","guid":{"rendered":"https:\/\/esatoshi.club\/?p=17206"},"modified":"2022-01-12T18:53:40","modified_gmt":"2022-01-12T15:53:40","slug":"centrifuge-x-satoshi-club-ama-recap-from-the-12th-of-january","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2022\/01\/12\/centrifuge-x-satoshi-club-ama-recap-from-the-12th-of-january\/","title":{"rendered":"Centrifuge x Satoshi Club AMA Recap from the 12th of January"},"content":{"rendered":"\n

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Centrifuge and our guest was . The AMA took place on the 12th of January<\/p>\n\n\n\n

The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n

In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Telegram&WebSite<\/strong><\/h2>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Hello Satoshiclubbers welcome to Another AMA session<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Hello, Satoshi Club community! We are pleased to announce\nAMA with Centrifuge<\/p>\n\n\n\n

Today our guests is @lucasvo<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Hello @lucasvo welcome to satoshi club <\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

hello everyone! Thanks for having me. I’m the cofounder of\nCentrifuge and am excited to answer all your questions!<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

We are excited as well to have you here Lucas <\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

yes, we are also very excited to do AMA with Centrifuge <\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

How are you doing today?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Great .We’ve been having a very big week in terms of\nprotocol growth<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

That’s impressive despite the market trend..<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

That’s really great, btw lets start our AMA <\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

RWAs stay stable no matter what the market does<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

So let’s start with an Introduction, can you introduce\nyourself to us, how you got into crypto, and how the project Centrifuge\nstarted?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This was from last year, today it would only look better<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Yes, let me start off!<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Wow that’s an impressive growth trend<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

this is really awesome  congratulation for reach this achievement<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

I got into crypto in 2017 after working in regular startups\nfor 10+ years. Before getting into crypto I worked in fintech most recently and\nstarted to see how inefficient our tradFi infrastructure is.  It’s mostly favoring large institutions and a\nlot of middlemen. If you compare that to the core values and ideas of DeFi it’s\nthe exact opposite: DeFi has the goal of removing barriers to entry and making\nit easy for anyone to use and participate. This is why Centrifuge exists, to\nbuild a better system not just for crypto native assets like BTC & ETH but\nalso for real estate, tradefinance, consumer lending etc. We are building the\nnecessary infrastructure for real businesses and individuals to borrow money\nfrom DeFi. Imagine real estate, trade finance, commodities etc. can now be\nborrowed and lent against in stablecoins.<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

So what are the unique features of centrifuge?<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

You have a great journey and experience into crypto world<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Centrifuge allows businesses (we call them issuers) to bring real world assets on chain and pool these loans. Investors can supply capital to the pool and get LP tokens that earn a yield on these pools. So for example New Silver is an issuer that lends out loans to real estate developers who rebuild houses and then sell them. They have > 100 loans worth $20M in their pool. As an investor you can go and invest in that pool using DAI and earn stable interest in crypto. You can check out tinlake.centrifuge.io<\/a> to see the 11 pools that are currently live with different assets that you can fund.<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

So unique is that we bring uncorrelated collateral to crypto<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Will there be an addition to these 10 pools?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

and we do so in an extremely safe way: instead of lending\nagainst a single borrower that could default you pool your investment and\ninvest into 100 of them. The pools have an insurance mechanism (the junior\ntranche covers any losses up to 10-20%)<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

yeah there are new pools added constantly – we’re working a\nlot on simplifying this process<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

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

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

How many members do you currently have on your team?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

in the future anyone should be able to launch pools. today\nit still requires a lot of technical knowledge<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

we’re about 45-55 people working on Centrifuge depending on\nhow you count<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

there’s 45 full time<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

This will give users more opportunities<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

That’s an Impressive number <\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for the introduction<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

this is really interesting, thank you for the great intro<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

we have collected 6 community questions from Satoshi Club\ncommunity, <\/p>\n\n\n\n

ready to proceed?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q1 telegram user @chinyere2020<\/em><\/p>\n\n\n\n

Tinlake is Centrifuge\u2019s platform that enables Asset Originators to use tokenized real-world assets as collateral to obtain liquidity from the DeFi ecosystem. I learnt that individual investors can invest in Tinlake pools to provide liquidity to Asset Originators, earning interest on their cryptocurrency. Can you give a detailed explanation of the process of investing in a Tinlake pool? What are the requirements that must be met for an individual to be able to invest in a Tinlake pool? Will individual investors be required to complete any form KYC verification before investing in a Tinlake pool? What is the minimum investment amount that can be used to participate in a Tinlake pool?<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

The process is quite simple. Different pools are run by the\nissuers that bring these assets on chain (e.g. New Silver is a business that\nlends money to property owners who want to fix and flip houses. New Silver\nbrings these assets on chain).  You go\nthrough KYC with the issuer and are then whitelisted for the pool and can\ndeposit DAI into the pool. Upon depositing you get your LP tokens that now earn\ninterest on your investment.<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

All of this is done on tinlake.centrifuge.io<\/a><\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

from the issuers part do they need any requirements?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

I’m not a 100% sure what you mean, the requirement is a 5k\nminimum investment (but less than that hardly covers gas cost) and if you are a\nUS citizen you need to be accredted<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for the answer, by the way how about the security\nfrom Centrifuge? do you already do audit?<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

you got what i meant <\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Yes we have performed several audits. Tinlake was audited twice. You can see all of our reports here: https:\/\/github.com\/centrifuge\/security\/tree\/master\/audits<\/a><\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

oh thank you for sharing <\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Ready for next question Now Lucas? <\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q2 telegram user @MudaraSilva<\/em><\/p>\n\n\n\n

I saw that your token name was $RAD and it has been renamed to $CFG. What was the reason for that? With this renaming, did you also change features such as mining, staking and utilities? If someone was holding $RAD, will they be automatically converted in to $CFG? You have mentioned about two parties who receive $CFG rewards, investors and asset originators. Please explain how should each party work to get better rewards.<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

it was a simple rename because we had too many different\nbrands within centrifuge. RAD was converted 1:1 without any change to CFG and\nsimply renamed on chain.<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

There were no changes to the token model but I can share a\nbit about the rewards.<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

We’re incentivizing early users of the protocol  to provide liquidity and bring on assets\n(borrowers). CFG rewards go to these users to give them a stake and governance\ntokens to vote with<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

so can you mention what are the usecase of $CFG inside\ncentrifuge?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Primarily it’s a governance and fee token<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

fees are not turned on yet but plan is in the future to start\ncharging transaction fees for borrowers that want to use the protocol<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

governance is around managing the protocol and risk in the\nprotocol<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Is there a plan of what the fees will be used for yet?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

It’s a bit early to say how this will work in detail, it’s\nstill something all token holders need to decide on and vote on<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

but one model i really like that I think could be a good\ninspiration is how MKR works:<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Perfect to allow holders decide on this <\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

is there any minimum requirement for vote? how much token we\nshould hold?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

all fees go into a pot, protocol costs (for example for\ndevelopment) are then deducted and if at the end there’s money left the\nprotocol starts burning it<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

the minimum I believe is 10 CFG<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

not a lot<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

oh thats great information, thank you , so do you want to\nadd anything else or we can continue to next question ?<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

This will be great for the Token’s growth<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

happy to move on<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q3 telegram user @NataliyaKil<\/em><\/p>\n\n\n\n

You have very interesting community programs: Early bird, Referral, Heavyweight & Loyalty \/ Double Trouble. Are they all relevant at the moment? Can you briefly present each of them and tell us how we can take part in them? In addition to the above programs, are there any other ongoing programs and campaigns for the community, investors, team members?<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

it’s a bit too much to explain all of them in detail but you should check this out: https:\/\/medium.com\/centrifuge\/centrifuge-crowdloan-bonus-reveal-37222017462a?source=collection_home—4——6———————–<\/a><\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

oh Crowdloan, so can you explain a little about Centrifuge\nCrowdload?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

our goal with the parachain crowdloan is to get a broad part\nof the community involved in Centrifuge and we’re happy to see that we have\n> 8k contributions already<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

this is for Centrifuge,currently its own Proof of Stake\nchain to become a parachain on polkadot<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

That’s an impressive amount of contributions <\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

our goal with this is to bring our assets to the polkadot\necosystem<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

yes 8k is great achievement<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Are there specific reasons why Polkadot happens to be your\npreferred choice here?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

I think they have some of the best tech to scale blockchai<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

I totally agree with you on this great choice I must say <\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for your answers<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

haha yes agree polkadot is a great chain<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

parachains are a great combination of scalability and ecosystem\nintegration and also having your own sovereign chain that is optimized for your\nusecase<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for the detail answer, shall we continue to next\nquestion ?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q4 From Telegram User @iceVermithraxx<\/em><\/p>\n\n\n\n

The Centrifuge P2P network provides a secure method to create, exchange and verify asset data between collaborators and tokenize the assets into NFTs and the component of Centrifuge P2P network are implemented into libp2p and I also noted that each collaborator on the P2P network has a verifiable centrifuge Identity (Centrifuge ID). Can you elaborate a more on Centrifuge P2P and its features? who are the collaborators in centrifuge P2P? Can you explain on the Centrifuge Identity for Collaborators? How can collaborators verify their Centrifugal Identity in Your P2P network? Can you also explain on collaborators can tokenize their assets into NFTs after a successful exchange on the Centrifuge P2P network? Why do you choose to implement component of the centrifuge P2P into libP2P?<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

With these real world assets there are a lot of confidentail\ndetails that can’t be put on chain. For example the personal details of the\nborrower. But they still neeed to be linked to the loan on chain (which has the\ninterest rate, risk score and amount available publicly). The P2P network\nallows underwriters, originators and a limited set of users to get access to\nthis data in a way that it can’t be falsified. The p2p network uses identities\nand signatures to verify and link this information.<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Is participation in this P2P network open for everyone?<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

What will be the requirements?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

but access to individual documents is restricted and can be\nlimited to different parties that have a need to know them<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for your answers<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

by the way, what is coming for in your roadmap? how about\nthe coming event for next 2022?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Roadmap for 2022: <\/p>\n\n\n\n

* Parachain on Polkadot<\/p>\n\n\n\n

* Scale the RWA Market (our collaboration with Aave)<\/p>\n\n\n\n

* Bring Tinlake onto Centrifuge Chain, a major release with\nsome exciting new features<\/p>\n\n\n\n

* Underwriting: token governed risk management for pools<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Thanks for sharing <\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Ready for the next question?<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Thank you for the answer<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

lets continue to 5th question?<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q5 From Telegram User @Ecmq10<\/em><\/p>\n\n\n\n

Hello Centrifuge team. I learned that the Centrifuge Chain Council comprises a body of 7 elected members who gain prioritized voting rights over other CFG holders. What is the purpose of this council? As for those 7 elected members, are they selected by the Centrifuge community or by the core team? What are the roles that the members that are part of the Council must fulfill? How often are new members proposed and selected? In the hypothetical case that one of the members acts inappropriately, will he be expelled? Can a member of the community nominate themselves to be selected as a member of the Council? Thank you!<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

Council members are voted on by all token holders. The\nCentrifuge team does not have any special powers. The council works the same\nway as the Polkadot council and mostly serves one purpose: they can propose\nmotions to update the chain and change parameters. These motions are then still\nvoted on by all token holders. So the council by itself doesn’t have a lot of\nextra power and without the consent of token holders they can’t push anything\nforward. They are mostly prioritizing which motions to put forward and can\nshortcut the proces.<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

There are community members on the council and we’ve\nsuccessfully completed a campaign to elect a council on Altair (our Kusama\nparachain) where we now have a much bigger council. We should probably do the\nsame for Centrifuge as we launch the parachain<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

But do all proposals need to pass through the council, can\nthe Token holders send proposals themselves?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

yes they can<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

our governance follows that of Polkadot, it’s described here: https:\/\/wiki.polkadot.network\/docs\/learn-governance<\/a> and https:\/\/docs.centrifuge.io\/use\/participate-in-network\/#centrifuge-governance<\/a><\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Oh great thanks for sharing this as well <\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

thank you for the clear answer, lets go to last question\nfrom part 1 ?<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Q6 From Telegram User @Ask4unik<\/em><\/p>\n\n\n\n

The Centrifuge token $CFG powers the Centrifuge chain which is designed to incentivize desirable behavior on Centrifuge chain and you said owing $CFG gives users a stake in your platform.So can you set out the rule of staking $CFG?What is highest and lowest amount of $CFG to stake?And you also said users can also stake towards Collators.Will the rules of staking $CFG also apply to how users can stake towards Collators?Also,how will $CFG serve as a store-of- value through the performance of insurance DAO in which $CFG will be staked?Please can you also explain to us the use of $wCFG since it\u2019s different from $CFG? Thanks!!<\/em><\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

I have to leave on the hour unfortunately<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

so I’ll have to be quick<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

I’ve touched on the token model before in a previous\nquestion. Staking rewards will go away once we are a parachain as this is not\nneeded anymore with polkadot giving us the security<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

yes partially covered<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

wCFG is merely the bridged version on Ethereum, it doesn’t\nlet you participate in governance but you can easily bridge it back to CFG<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

https:\/\/docs.centrifuge.io\/use\/cfg-bridge\/<\/a> < you can read about it here<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Alright.. Thank you for your answers before you go we will\nlike to proceed to the second part where you will select 10 questions from our\nmembers and answer them are you ready?<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Thanks for your detail answers, it has been an amazing time\nin this first part of the AMA<\/p>\n\n\n\n

Lucas Vogelsang<\/strong><\/p>\n\n\n\n

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

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

Is time to proceed with the second part, the live segment,\nare you ready?<\/p>\n\n\n\n

Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n

Opening chat now<\/p>\n\n\n\n

Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n

lets go <\/p>\n\n\n\n

Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n

Q1 from Telegram user @highpee <\/strong><\/em><\/p>\n\n\n\n

Your first Real World Asset (RWA) has been launched on AAVE protocol. Can you explain how users can get onboarded onto this RWA market and also why this require a KYC pass? <\/em><\/p>\n\n\n\n

Hels 🌀<\/strong><\/p>\n\n\n\n

We just launched the first (permissioned) market for Real World Assets (RWA) on the Aave protocol last month. This will allow Aave depositors to earn yield against stable, uncorrelated real world collateral while Centrifuge issuers can borrow money from Aave, automatically balancing capital needs and providing alternative collateral to volatile crypto assets! You can read more about what it is and how it works here:<\/p>\n\n\n\n

https:\/\/medium.com\/centrifuge\/real-world-asset-market-what-is-it-and-how-will-it-work-e457dbcf689c<\/a><\/p>\n\n\n\n

Q2 from Telegram user <\/em> @Ishan1_7<\/strong><\/em> <\/p>\n\n\n\n

Is there a required minimum amount of $DOT tokens to participate in Centrifuge CrowdLoan?<\/em><\/p>\n\n\n\n

Hels 🌀<\/strong> <\/p>\n\n\n\n

Just enough to win the 3rd slot<\/p>\n\n\n\n

Q3 from Telegram user @Rakshhitx5 <\/strong><\/em><\/p>\n\n\n\n

On which Centrifuge is built? Is it Ethereum or Substrate?<\/em><\/p>\n\n\n\n

Hels 🌀<\/strong> <\/p>\n\n\n\n

We are built on Substrate but connect to Ethereum’s DeFi liquidity via our Dapp.<\/p>\n\n\n\n

Q4 from Telegram user <\/em> @chinyere2020 <\/strong><\/em><\/p>\n\n\n\n

I found out that you are planning to expand your team, so, there some career opportunities for interested and capable individuals in the Centrifuge platform. What are the career opportunities that are currently available in Centrifuge? How can interested individuals contact Centrifuge to apply for any of the available career opportunities?<\/em><\/p>\n\n\n\n

Hels 🌀<\/strong> <\/p>\n\n\n\n

Yes we are always looking for new talent who are aligned with our mission! You can find out about the roles we are loking for here: https:\/\/jobs.lever.co\/centrifuge<\/a><\/p>\n\n\n\n

Q5 from Telegram user <\/em> @NAZMP2 <\/em><\/strong><\/p>\n\n\n\n

I’m interested in your Project, but I’m not sure where to begin. Do you have any guides for newcomers like me?<\/em><\/p>\n\n\n\n

Hels 🌀<\/strong> <\/p>\n\n\n\n

You can check out a bunch of resources to learn more about Centrifuge! Here’s some useful links:<\/p>\n\n\n\n