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 FantOHMand our guest was. The AMA took place on the 14th of February<\/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
Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi Club community ! We are pleased to announce\ntoday AMA with FantOHM<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Welcome to our first AMA of this week!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Today our special guests are @thefantohmdr @bazinga500 <\/p>\n\n\n\n Welcome to Satoshi Club!<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n hey there everyone, thanks for having us!<\/p>\n\n\n\n K Bazinga<\/strong><\/p>\n\n\n\n Hey, great to be here.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Welcome to Satoshi Club! How are you doing today?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello @thefantohmdr @bazinga500, nice to meet you !<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n going well thank you, it’s been a long day!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Just started for me! So, it’s more to come this Monday!<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n hah nice, very late here it’s actually Tuesday right now <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n And hope to know more about FantOHM during the next hour\nor more<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n yes, very excited to do AMA with FantOHM right now <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Let’s start!<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n should be a good one, my fingers are ready<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Please introduce yourself, how have you got involved in\ncrypto and how FantOHM started?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Well i am one of the co-founders of FantOHM, and i am a long\ntime crypto enthusiast. I had my first bitcoin in 2013 and i still hold that to\nthis day. The last 5 or so years i have been spending time every single day in\ncrypto, investing or researching new projects but it was not until early last\nyear that i began to be involved in building.<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n we started FantOHM at the end of October last year and we\nwere the 2nd Olympus fork to launch on Fantom Opera<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Wow you already in crypto space since 9 years ago, its\nreally great experience <\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Our lead dev had the idea to fork OHM contracts much earlier\nthan that but we had a lot going on so had to wait. would have been great to\nlaunch earlier and i can only imagine if we had done so.<\/p>\n\n\n\n Yes, i am a tech nerd and bitcoin and crypto really appealed\nto me from the very beginning. i knew about bitcoin when you still had to go\ninto a real bank to deposit cash into an account to get some<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n a long time<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Time is money everywhere, especially in crypto! <\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n totally, crypto moves very quickly and can leave you behind\nin a heartbeat<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n So what FantOHM is all about?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n And how about your partner @bazinga500 ?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Hah yes of course!<\/p>\n\n\n\n well we probably would not be here if not for @bazinga500\ntbh, he has been a real asset to our project and has bought a huge amount of\nreal life start up knowledge and operational experience<\/p>\n\n\n\n working in a startup is not the same as your regular office\njob<\/p>\n\n\n\n And working in a crypto startup is an entire level up on\nthat<\/p>\n\n\n\n It’s not easy, imagine going to work and having anywhere\nfrom 500 to 1500 people standing around your desk telling you how they think\nyou should be doing your job? investors have unprecedented access to the team\nunlike anything in the real world<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n I think the fact that you understand it is already a half of\nsuccess!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Yes, we can understand the situation , its\nreally difficult<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n So @bazinga500 has helped us setup the internal structure to make sure we can deal with anything that gets thrown at us and that we can keep delivering and shipping product no matter what is going on external to the project<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n FantOHM have such great team , by the way how big are your\nteam?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n including mods, we are over 30 people<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Dream team! <\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n We grew a lot over the last month<\/p>\n\n\n\n And we still have need to grow even more<\/p>\n\n\n\n We started with 6 <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Are there are still a bunch of opened positions – you still\nhire, right?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n We are always looking to hire, you can see a list of open positions on our website https:\/\/www.fantohm.com\/#careers<\/a><\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n oh and one more, i also curious with this, what is FantOHM?\ncan you introduce to us ?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Who knows, maybe there are some enthusiasts to join your\nteam among Satoshi Club community!<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n We are, at our core, a rebase project based on Olympus. Our\nprimary product at launch was bonds. If you do not know what a bond is, it is\nbasically buying the FHM token at a discount with certain assets that we offer\non the site, DAI, FHM-DAI LP etc and in return you get the FHM vested to you at\nthat price over a period of 5 days (very simple explanation there).<\/p>\n\n\n\n Early on, it was clear to us that we had the opportunity to\ninnovate beyond the standard fork and introduce new products to generate\nrevenue for the treasury and value for our holders. <\/p>\n\n\n\n Holders of rebase tokens generate income through staking.\nbonding and staking are the core of the 3,3 game theory introduced by Olympus.\nif we have product that adds value to the treasury, increasing the runway, and\nshowing investors that there is good reason to invest, then we are doing our\njob well.<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n it is important to note that we have moved away from the\njust another fork of olympus tag<\/p>\n\n\n\n As we have seen over the last month, some real turbulence in\nthe market relating to rebase projects<\/p>\n\n\n\n So we are aiming to deliver product that takes us further\nfrom a fork, into a spork (not a fork or a spoon but better than both things by\nthemselves)<\/p>\n\n\n\n We believe we have already achieved this<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the great introduction @thefantohmdr\n@bazinga500. We have collected 6 community questions from Satoshi Club\ncommunity, <\/p>\n\n\n\n ready to proceed?<\/p>\n\n\n\n Thedoc<\/strong><\/p>\n\n\n\n sure thing!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q1 from Telegram user @ambbobb<\/em><\/p>\n\n\n\n Going through your website I could understand that FantOHM DAO has expanded to the Moonriver network through the creation of segregated FHM clone linked via Wan-Bridge, but you gave a diagram that illustrate the basic coin structure overview on Treasury which contains four categories of OHM Forks: Network coins; LP Pools; and Stables, can you briefly explain these categories to us because how does this information applies to each network\u2019s FHM protocol individually and are these branches of FHM built to work in concert?<\/em><\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n There are two parts to that question, cross chain and the\nother being treasury management and investments<\/p>\n\n\n\n We were the first fork to go cross chain with our moonriver\nrelease<\/p>\n\n\n\n It’s one thing to do that, but we took it a step further by\nunifying two completely separate protocols that are essentially unaware of each\nother by bridging the FHM token via wan bridge<\/p>\n\n\n\n This results in a global supply<\/p>\n\n\n\n As FHM from fantom can be bridged to moonriver, and once\nconverted to the FHM native to moonriver it can be then used on the protocol\nthat side<\/p>\n\n\n\n that had never been done with an ohm fork<\/p>\n\n\n\n You can bridge freely between the two, and you might have\nreasons to do this such as higher APY or You want to get exposure to moonriver\nand its ecosystem<\/p>\n\n\n\n The second part about our treasury management<\/p>\n\n\n\n The Treasury management document that we delivered last year\nwhich is basically our white paper, needs a little bit of an update. Mainly due\nto categories that are potentially obsolete, say Olympus forks. Essentially,\nhowever, the strategy has not changed.<\/p>\n\n\n\n Our treasury is our biggest asset and we need to make sure\nthat it has enough sustenance to continue to grow. With Moonriver and Fantom it\nmeans we have two logically separate Treasury’s. We hold different assets in\ndifferent in the different treasures and the assets that we do hold. Are you\nknow native either to say Moon, River, river or Fantom. But in potentially we\nhave some of these assets held outside of those, on chains such as ethereum or\nbinance smart chain. What you see on the UI is the result of all of those\nassets being gathered together and displayed in a unified way, no matter where\nthey are. So I think it’s important to know that we’re not stuck with just\nfantom opera or Moonriver projects, we are investing in different projects from\nall blockchains.<\/p>\n\n\n\n Our UI is very customised and can display all the\ninformation we need via contract interactions, API and The Graph<\/p>\n\n\n\n (sorry for long\nanswers!)<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer, btw did you already do\naudit ? and how is the result?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n We have now had 3 audits completed on various parts of the\nprotocol<\/p>\n\n\n\n All passed <\/p>\n\n\n\n You can see the details of these on our docs site<\/p>\n\n\n\n https:\/\/fantohm.gitbook.io\/documentation\/faq#is-fantohm-audited<\/a><\/p>\n\n\n\n Our FHUD contract is audited by spadetech and techrate<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Thank you! Good to know the bridge works well!<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n we have also had our 6,6 contracts audited by Hacken<\/p>\n\n\n\n that is not released yet <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you, security and safety is always main priority <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n But the code was confirmed to be correct, right<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Yes we have had the results, and review after some minor\nalterations<\/p>\n\n\n\n that audit will be released when we get that product out<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Thanks for very detailed answer! Let’s proceed to the second\nquestion!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q2 from Telegram user @UniqueVicky<\/em><\/p>\n\n\n\n According to your roadmap, this February you plan of rolling out 9,9 i.e a unique adaptation to the protocol that allows lending but not in the conventional way and on March you also plan of rolling out a feature of lending\/borrowing i.e different lending structures to the traditional 9,9 or further lending\/borrowing options than 9,9. can you explain to us the key features of this 9,9 lending protocol? Why do you name it 9,9? How is it different from the conventional lending protocol we know? Also you want to further enhance this lending option of 9,9 on March, how will the features of the lending\/borrowing different from 9,9 lending protocol? And what advantages or benefits will users derive from it? Please kindly explain their features?<\/em><\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n When the roadmap was designed 9,9 was still very much in an\nactive phase with regards to Time Wonderland on the Avax network and Spartacus\non the fantom network.<\/p>\n\n\n\n Fast forward to today we have seen the consequences of this\nstructure in a bearish general crypto market. As we know time wonderland no\nlonger is the powerhouse that it once used to be and Spartacus is in a similar\nsituation due to the cascading effect of liquidations. Our strategy team was\naware of these types of systemic risks and wanted to carefully analyze where\nthe shortcomings were from a theoretical sense, without putting fhm holders at\nrisk. That is why we had delayed the release out by an extra month into FEB to\nsee how the effects would run over the time period of December and January.\nConsequently, the findings were correct and thus has resulted in the strategy\nteam postponing the 9,9 release until further notice.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n thank you for this clarification, is there any plan to\nrecreate the roadmap ? or maybe is there any new roadmap that you can share\nwith us?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Leverage can be risky, so we had to take a step back on that\none to wait for the right moment to release the right product.<\/p>\n\n\n\n We have a roadmap on our site, this will require some updating very soon. https:\/\/www.fantohm.com\/#roadmap<\/a><\/p>\n\n\n\n roadmaps in crypto are taken with a grain of salt as they\nare bound to be obsolete very quickly<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n (i don’t like them)<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Agree with you – but it gives at least the vision of future\nplans<\/p>\n\n\n\n Dates can be revised anytime<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Haha ,yes hate if not on time, user always get mad<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n totally that’s right<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Thank you for your answers! Ready to see the 3rd question?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n hit me<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q3 from Telegram user @Meta_MateX<\/em><\/p>\n\n\n\n You say that your community will be rewarded to executing or participating in specific tasks. As far as I get, this will be done through DAO. Could you explain the main principles of its functionality including the distribution of funds? Please also talk about the emergency allocation \u2013 the reason of holding it, when and how it can be used and how does your DAO manages its distribution. Thanks in advance!<\/em><\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n There’s a few ways that one may be rewarded in our project<\/p>\n\n\n\n initially we had a bounty system where we offered payments\nfor small development tasks, our stat bot for eg is one of these<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Oh bounty event , do you have link about this? and how about airdrop?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n Otherwise you may be an integral part of the community, and end up being rewarded for your time or ideas submissions<\/p>\n\n\n\n It was something that we had running at the start, but not so much any more. that being said, if i feel the need then there’s no reason to not offer a bounty for this type of contract work in the future.<\/p>\n\n\n\n We had no airdrop, and do not plan on it.<\/p>\n\n\n\n If you were a very early discord member you would have seen me flinging FHM around a bit to get the server running (boosters etc)<\/p>\n\n\n\n Those guys would be sitting pretty if they staked that from that date until now hah<\/p>\n\n\n\n regarding the emergency allocation<\/p>\n\n\n\n There is an emergency allocation, that we do have set aside\nfor things like potentially stabilising the FHUD liquidity pool or when we did\nhave 9,9 on the horizon it may have been useful then. If we do need to dip into\nit, you know that all goes into a transparent accounting, but if we don’t then\nthose funds will just get placed back into the treasury.Our treasury management\nguide outlines the details of these allocations.<\/p>\n\n\n\n which is…. right…..<\/p>\n\n\n\n https:\/\/github.com\/fantohm-dev\/fantohm-contracts\/blob\/main\/docs\/FantOHM-Business_and_Financial_Management_Model-Dec-2021.pdf<\/a><\/p>\n\n\n\n there<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer, its clear for me, do you\nhave any additional question @Pavel_Jarosh?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n I’m ready to see the next question if @thefantohmdr is ready\n<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n go on<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q4 from Telegram user @einsteinyl<\/em><\/p>\n\n\n\n FantOHM already create 2 token $FTM and $FHUD. But actually I only understand that $FHUD token is a stable coin that pegged to $1 USD. So would you please introduce to us what are all functions from $FTM token and $FHUD token? What makes the stablecoin $FHUD different than other similar stablecoin for example maybe USDT, USDC and why its special?<\/em><\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n FHUD is our in-house algorithmic stable coin and it is\ndeveloped specifically with our protocol in mind. Everything about it is aimed\nat increasing our treasury value and improve value to investors.<\/p>\n\n\n\n With v1, we introduced the proof of burn concept which is a\ndeflationary mechanic that burns the non circulating supply in our DAO wallet.\nThis unlocks that value which is sitting there idle in the DAO and enables us\nto put it to use by swapping out the stable assets in the Treasury and making\ninvestments which we then return back to the Treasury.<\/p>\n\n\n\n This is not possible to do with a stablecoin we do not\ncontrol.<\/p>\n\n\n\n We cannot mint DAI or USDC<\/p>\n\n\n\n It’s important to note that this is not just printing\nunlimited money, there is a limit and we do not just print at will.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n so this is mean FHUD is not tradeable, right?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n we burn the FHM in the DAO to create FHUD which gives it its\nintrinsic value<\/p>\n\n\n\n Now FHUD is tradeable\non Beethoven X<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Could you also share your tokenomics?<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n we released v 1.5 of FHUD last week with the launch of a\n$10m FHUD-DAI pair<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n https:\/\/fhud.fantohm.com\/<\/a> our purpose built website here as all the info you need<\/p>\n\n\n\n https:\/\/beets.fi\/#\/pool\/0x20dc8f03ece2bca3e262314f6ede7b32939331d70002000000000000000001f0<\/a> here is the link to the pool on beets<\/p>\n\n\n\n with the v1.5 release, anyone can participate and hold FHUD<\/p>\n\n\n\n https:\/\/app.fantohm.com\/#\/bonds-fhud<\/a> we have designed special bonds to help maintain the peg of $1<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing <\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n you can always buy FHUD for $1 on the site<\/p>\n\n\n\n our marketing team have created some great guides to explain this too https:\/\/www.youtube.com\/watch?v=uf1hmZ7dwVo<\/a><\/p>\n\n\n\n we will be introducing much more utility to FHUD in the\ncoming weeks<\/p>\n\n\n\n right now, the ability to participate in arbitrage for the\npeg maintenance so the primary reason to trade<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Awesome! thank you! Video is always a good source of info<\/p>\n\n\n\n thedoc<\/strong><\/p>\n\n\n\n But we will be partnering with different projects that will\nhelp spread FHUD around as far as possible and allow other uses for it<\/p>\n\n\n\n Cross chain also<\/p>\n\n\n\n