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 UpDeFi and our guest was . The AMA took place on the 14th of March<\/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 UpDefi<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Our guest today is @uporup<\/p>\n\n\n\n Hello welcome to Satoshi club <\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Hey everyone! It is an honor to be here!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Welcome to Satoshi Club! @Uporup <\/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 Exortus<\/strong><\/p>\n\n\n\n Really fine and over-excited! It’s a great feeling to be\ndoing AMA with Satoshi Club.<\/p>\n\n\n\n How are you also?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n We are also really excited to do AMA with UpDefi <\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Let’s start our AMA<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Let’s go!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Can you please introduce yourself to us how you got into\ncrypto and how the project started?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Yes of course!<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n I am Exortus, global CM of UpDeFi community.<\/p>\n\n\n\n I have long been involved in managing communities and my\nprimary goal is to best help, develop, and grow the UpDeFi community.<\/p>\n\n\n\n I felt fascinated when I first met crypto, and when I\nstepped into the world of DeFi, I realized that I would never want to leave it\nagain.<\/p>\n\n\n\n Now I’m with the UpDeFi team, which strives to make life\neasier for users in the DeFi world!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n How many people are currently working on this project?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Yes, i also fall in love in first sight when first met with\ncrypto <\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n We currently have over 15 people in our marketing + CM team,\nand that number continues to grow as we add new communities!<\/p>\n\n\n\n On the developer team and management side, there are 20\npeople and they are working hard to bring the project to the best places.<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n It is impossible to not fall <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Great team ! by the way\nwhat is UpDefi ? can you please introduce to us?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Of course! First of all, I must state that I can say that it\nis the most innovative project among the projects I have been to so far.<\/p>\n\n\n\n Most of the standard Yield Aggregators available today only have\na few simple strategies and are limited to the normal user only.<\/p>\n\n\n\n However, on the contrary, UpDeFi will debut with three\ninnovative strategies and will continue to add new ones in the future! Also,\nhigh liquidity platforms will be able to use these strategies!<\/p>\n\n\n\n Minimum cost & Maximum profit.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Truly innovative <\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n A one-stop Yield-as-a-service (YaaS) platform<\/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 Exortus<\/strong><\/p>\n\n\n\n I thank you for your warm welcome!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the\ngreat intro ! <\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n We will now like to proceed to our community questions are\nyou ready?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n I’m born ready! <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n are you ready to proceed to part 1 with 6 question from our\ncommunity ?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Yes!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram user @einsteinyl<\/em><\/p>\n\n\n\n I read from your site that UpDefi have strategy name with auto compounding, but this strategy already exist and other similar project\/ traditional yield aggregators already use this kind of strategy. So what are the different between UpDefi\u2019s auto compounding with other similar project? Also can you explain the different with Yield Enchancing strategy and Up staking Strategy?<\/em><\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n One of the aspects that make the auto-compound strategy\nspecial is that it has a lower fee compared to other projects, thus maximizing\nthe profit more.<\/p>\n\n\n\n This point directly separates us from other platforms.<\/p>\n\n\n\n And, I’d like to explain the other 2 strategy,<\/p>\n\n\n\n Yield-enhancing Strategies: Yield-enhancing strategies use\nthe native UP token of the UpDeFi protocol as a bridge for yield realization,\nwhich prolongs the yield release time of the underlying yield protocol, greatly\nreduces the selling pressure of earned tokens, and enables users to obtain\nhigher returns that the auto-compounding strategies cannot bring.<\/p>\n\n\n\n For projects, because the yield-enhancing strategies do not\ncontinuously sell earned tokens like the auto-compounding strategies, it\ngreatly reduces the selling pressure of earned tokens and alleviates the common\ndifficulties in liquidity mining programs. At the same time, because the\nyield-enhancing strategies can help users to obtain higher yields while the\ncapital cost of the underlying yield protocol remains unchanged, it can help\nprojects to significantly improve capital efficiency and pay minimum capital\ncost to obtain maximum liquidity and user attention.<\/p>\n\n\n\n UP-staking Strategies: Users will receive UP token rewards\nwhen participating in the auto-compounding and yield-enhancing strategies.<\/p>\n\n\n\n At the same time, the user will hand over some of the yields\nobtained in the two types of strategies to the UpDeFi protocol, and the UpDeFi\nprotocol will distribute these revenues to UP tokens stakers.<\/p>\n\n\n\n This economic model design ensures the value of UP tokens,\nwhich can better motivate users to participate in the auto-compounding and\nyield-enhancing strategies on the UpDeFi platform.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Is there a maximum percentage that can be earned from these\nstrategies?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n We have revenue sharing model and it is 90%!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Great <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n You also mention there will be new strategy in the future,\ncan you share a little what kind of strategy ?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n In fact, it directly depends on people’s imagination!\nBecause users can also create strategies and share it. Also, our team is\nstriving to develop more complex strategies such as liquidity mining,\ntransaction mining, borrowing mining, etc. <\/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 Ready to proceed to the next question?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Cool! Thank you for the detail answer <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Do you want to add something or we can go to next question?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Yes!<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n We can go<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram user @chinyere2020<\/em><\/p>\n\n\n\n While going through your website, I found out that \u2018Mars Ecosystem\u2019, which is said to be a is a new decentralized stablecoin paradigm that integrates the creation and use of stablecoin into the same system, is one of the main partners of the UpDeFi platform. Can you give more details about your partnership with Mars Ecosystem. What are the main contributions of Mars Ecosystem to the UpDeFi platform and how will this partnership benefit UpDeFi and its users?<\/em><\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n UpDeFi is a fair launch project with no pre-sale, no\ninvestor, and no pre-mine. We will release the UP token through the first\nlaunch of IDO in the Mars Ecosystem.<\/p>\n\n\n\n Announcement about IDO will be released very soon, so stay\ntuned!<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Users need XMS to purchase the UP token, and the details\nwill be announced soon.<\/p>\n\n\n\n After the IDO, UpDeFi’s strategies will be officially\nlaunched. UpDeFi\u2019s first released strategies include three types of strategies\ntowards both the Mars Ecosystem and PancakeSwap platforms.<\/p>\n\n\n\n This means that XMS and USDm users will be the first ones to\npass IDO, receive UP tokens by mining on the UpDeFi platform, and also receive\nyields by staking the UP tokens from the UpDeFi platform.<\/p>\n\n\n\n Coming up next, UpDeFi will offer more exclusive benefits to\nMars Ecosystem community users, stay tuned!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n I’m really excited and curious when will the IDO launch ,\ncan you please share the roadmap from UpDefi ?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Hello<\/p>\n\n\n\n Sorry, my connection had gone<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n No problem<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n I am on again! <\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Great <\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Currently, our team is preparing a roadmap, but in the\nmeantime I would like to share our long-term mission with you.<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n UpDeFi’s mission:<\/p>\n\n\n\n 1️⃣To\nbuild a one-stop, secure, most profitable, easy-to-use, flexible YaaS platform\nthat is comprehensive to all blockchains for users in order to meet all their\nyield needs.<\/p>\n\n\n\n 2️⃣To\nenable other projects to improve the capital efficiency they produce through\ntheir incentive programs (such as liquidity mining, transaction mining,\nborrowing mining, etc.). This way, other projects can pay the minimum capital\ncost to obtain maximum liquidity and user attention.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Your missions are very commendable and impressive <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n I like your ambitious goals. <\/p>\n\n\n\n And also a very clear implementation! It’s really\nprofessional!<\/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 Exortus<\/strong><\/p>\n\n\n\n To make the DeFi world better!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the great answer !<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Ready for the next question now?<\/p>\n\n\n\n Exortus<\/strong><\/p>\n\n\n\n Yes!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q3 from Telegram user @Asela1112<\/em><\/p>\n\n\n\n You have introduced UpHolder program which UpDefi community can complete tasks & Earn $UP tokens & have a chance to stake them. Can you explain more details about the UpHolder program? What kind of tasks do UpDefi community have to complete in order to grab some $UP tokens? How about the APR of the $UP staking pool? However, do you impose the rules & regulations for this UpHolder program & Staking pool?<\/em><\/p>\n\n\n\n