{"id":5600,"date":"2021-02-10T21:49:11","date_gmt":"2021-02-10T19:49:11","guid":{"rendered":"https:\/\/esatoshi.club\/?p=5600"},"modified":"2021-02-10T21:49:14","modified_gmt":"2021-02-10T19:49:14","slug":"pollen-x-satoshi-club-ama-recap-from-9th-of-february","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/02\/10\/pollen-x-satoshi-club-ama-recap-from-9th-of-february\/","title":{"rendered":"Pollen x Satoshi Club AMA Recap from 9th of February"},"content":{"rendered":"\n

Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom Pollen<\/a>. <\/p>\n\n\n\n

Pollen is a DeFi Asset Portfolio\nManagement Platform, with an evolutionary crowd-controlled governance model\nthat removes centralization points while improving yields and portfolio\nperformance. It operates on a custom-built DAO. The AMA took place on February\n9 and our guests were Alpha DeFi<\/a> and Phil Verrien<\/a>.<\/p>\n\n\n\n

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

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>\ngood day Satoshi club! Another AMA today, this time with – Pollen! <\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>@AlphaDefi<\/a> @phil_verrien<\/a> hello!\n👋 thanks for joining! Welcome to Satoshi Club!<\/p>\n\n\n\n

Alpha DeFi:<\/strong> Hello\neveryone! Excited to be here. It’s been a really exciting week in Crypto &\nDefi I must say.<\/p>\n\n\n\n

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

I’m Justin, the community lead here at Pollen along with\n@phil_verrien here to talk about our DAO built from the ground up for #DeFi.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>\nGreat! so please tell us more about your project! 😊<\/p>\n\n\n\n

Alpha DeFi:<\/strong> Pollen\nis a custom-built DAO designed specifically for DeFi. It has some unique\nfeatures including a \u2018consensus layer\u2019 which allows for greater degrees of decentralization.\nThis consensus layer governs the creation of the DeFi native PLN token. Then\nour governance token is called STEM. Our governance model addresses many of the\nissues which plague DeFi governance today, including asymmetric emissions and\nsustainability. Despite sophisticated underlying components, Pollen is user\nfriendly and accessible.<\/p>\n\n\n\n

Pollen will allow others to create DAOs using our platform,\ncurate custom asset pools and leverage the STEM consensus layer.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>\u2018Consensus\nlayer\u2019? this is some new concept? 🤔\nnever heard about it.<\/p>\n\n\n\n

Alpha DeFi: <\/strong>Within\nour DAO, members can create proposals for Assets. $STEM holders must form\nconsensus to decide which assets the DAO should hold.<\/p>\n\n\n\n

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

Here’s a visual breakdown on how it all works.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>So\nit will be like creating erc20 tokens on Ethereum?<\/p>\n\n\n\n

Alpha DeFi: <\/strong>Not\nonly does Pollen provide the world\u2019s first fully decentralized index with both\ngovernance and order fulfillment being fully decentralized. It is also a DAO\nplatform that will allow others to curate their own indexes which can range\nfrom NFTs to Synthetics.<\/p>\n\n\n\n

Q1 from Telegram user\n@Wormz28<\/strong><\/p>\n\n\n\n

A Roadmap is a\nstrategic plan that defines a goal or desired outcome and includes the major\nsteps or milestones needed to reach. So why I can\u2019t see any Roadmap in your\nWebsite, as we all know that with a Roadmap, a team can clearly explain to\ntheir customers and users where they are going right? Also may we just ask\nwhat\u2019s POLLEN current situation and what are you currently working on?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>We\u2019re\nlaunching mid-February to community and accredited investors. We are in the\nAlpha stage getting ready for launch so our website and platform will be\nupdated to share the upcoming roadmap. Currently the DAO access will be\nwhitelisted for the first weeks and restricted to community for the first weeks\n(those who joined our discord channel) and accredited investors.<\/p>\n\n\n\n

Pollen is a crowd controlled protocol and community focused,\nand our launch strategy enables reputation to be built to bootstrap our\ngovernance model.<\/p>\n\n\n\n

We have an Alpha that people can test out through\nalpha.pollen.id But for those that want early access on the whitelist, we are\ngiving access to those members through signing up https:\/\/contact213796.typeform.com\/to\/B8i4waLZ<\/a>\n<\/p>\n\n\n\n

Verrien: <\/strong>Hi\nWormz28 much our roadmap is outlined in medium posts but we’ll be publishing a\ndetailed roadmap and elaborated technical documents including a white paper imminently.\nWe launch to production in just over a week and the DAO can be accessed from\nalpha.pollen.id and this gives a good sense of what the platform is\/does.<\/p>\n\n\n\n

Alpha DeFi: <\/strong>Sorry\nclarification. For those interested in early access we have a form to be\nwhitelisted & to sign up directly. 🤝 https:\/\/contact213796.typeform.com\/to\/B8i4waLZ<\/a><\/p>\n\n\n\n

 D. | Satoshi Club: <\/strong>Thanks! so it’s open for everyone?<\/p>\n\n\n\n

Verrien:<\/strong> It’s\nopen to our discord community initially, whitelisted by Eth address.<\/p>\n\n\n\n

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

Can you give us more\ndetails about the $PLN token? Is it an ERC20 token? When can we expect the\nTokenomics of $PLN? Do you have plans of leading pre-sales, private or public?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>Pollen\n(PLN) is a token that is always backed by underlying DAO assets. The token is\ndesigned to be a DeFi native, as a less volatile asset designed to outperform\nthe market.<\/p>\n\n\n\n

Verrien: <\/strong>$PLN is\nan ERC token is its fully backed by DAO TLV (underlying DAO assets). It’s\ndesigned to be less volatile and a safe harbor.<\/p>\n\n\n\n

Alpha DeFi: <\/strong>In\nterms of sales. Not in the conventional sense, we have a portion of tokens\nallocated to accredited investors which we will raise in production. This will\nbe used to fund the Pollen foundation. Pollen is community focused and we will\nensure that the community has prioritized and early access to rewards.<\/p>\n\n\n\n

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

So the higher the\ncapitalization of Pollen, the more optimized the composition of the index, and\ntherefore the greater the portfolio\u2019s returns, can you please clarify to me\nthis point? How can I get more return from using your project?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>Pollen\nis an Index asset pool where anyone can propose to invest \/ divest crypto\ntokens. Pollen rewards good decisions. Members who make proposals that benefit\nthe asset pool are rewarded alongside those who voted for them.<\/p>\n\n\n\n

Invest \/ divest decisions that benefit the asset pool are\nrewarded. As Pollen is able to identify governance users with the best decision\nmaking performance, the model encourages other users to delegate their voting\nrights to them (social trading).<\/p>\n\n\n\n

Verrien: <\/strong>One last\npoint, community focused means there is no early alpha to investors, and\ncommunity will be the first to access the platform at block zero.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>Btw\nis still not too late to be an investor, for those who want to, or this round\nalready closed?<\/p>\n\n\n\n

Verrien: <\/strong>The\nround is open and we’ll begin onboarding capital once we are in production\nlater this month.<\/p>\n\n\n\n

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

DeFi is something new\nyet, but it strikes me that you already talk about a next generation or 2.0\nDeFi\u2026 So, are you already incorporating this new term? What is the distinctive\nelement that would make the contrast between the DeFi we know and the next\ngeneration DeFi?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>We\nbelieve the DeFi is evolving fast. And the way we are contributing to the next\ngeneration of DeFi and DAOs is to build our own from the ground up. What we believe\nand define as the next phase for Defi, is to take and build on what Defi and\nDAs have currently, evolve in a new way to expand on these foundations further.<\/p>\n\n\n\n

Pollen was designed to address a number of DeFi specific\nproblems:<\/p>\n\n\n\n

i) The creation of the DeFi native and less volatile PLN\nasset.<\/p>\n\n\n\n

ii) To provide a more accessible and safer way to\nparticipate in the DeFi ecosystem.<\/p>\n\n\n\n

iii) To create a new, better way to decentralize DeFi\ngovernance.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Creating a new one is always a difficult process!<\/p>\n\n\n\n

Alpha DeFi: <\/strong>It\u2019s\nnever easy, but it is also rewarding and allows us to fully build it from the\nground up for our community & purpose. We didn’t want to create just\nanother copy & paste platform and DAO.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>By the way, tell us a little more about your team. How many people\nare involved in making Pollen?<\/p>\n\n\n\n

Alpha DeFi: <\/strong>We’ve been\nworking on Pollen for over a year. It\u2019s actually our 1 Year anniversary this\nmonth 🎉😄 The Pollen project started in\nFebruary 2020 as an open source project with the mission of providing better\ntools and protocols for the DeFi ecosystem.<\/p>\n\n\n\n

We have quite the global team too. Developed as a\ndecentralized organization it drew talent from all over the world (UK, US,\nBerlin and Russia). Check & follow along our GitHub <\/p>\n\n\n\n

https:\/\/github.com\/PollenDeFi<\/a><\/p>\n\n\n\n

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

In medium, you said\nthat Pollen is a DAO for asset portfolio management and there is no need to own\nan asset to create proposal to add or remove assets from the DAO. But in the\nsame publication, you also said that the Pollen DAO is governed by STEM token\nholders and secured by game theory. This sounds a bit confusing and I will need\nyou to provide clarification. Also, since you allow delegated voting where a\nuser can give up his voting right to another, how will you ensure fairness and\nthat this will not be lobbied or manipulated to swing decisions toward a particular\ndirection?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>Pollen\nidentifies the best governance decision-makers based on voting reputation and\nadds them to a Collective Delegation group. This makes delegating STEM easy and\nmakes sure the right people are making the majority of invest\/divest decisions.<\/p>\n\n\n\n

STEM holders may choose to delegate their vote and share\nrewards. Also for the 2nd half of the question about Fairness, it is something\nwe also considered as well.  I.e. Whale\ndomination or takeovers. We have a number of methods to avoid unfairness\/whale\ndomination. For 1\/ STEM governance is meteoric, this means smaller players can\naccumulate STEM based on voting performance rather than the size of their\nposition.<\/p>\n\n\n\n

Secondly, we have automatic filling of orders via liquidity\npools, this means participants without assets at hand, can still make proposals\n(and be rewarded with STEM if passed), orders are automatically filled if the\nproposal is passed.<\/p>\n\n\n\n

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

Q6 from Telegram user\n@Arisabela<\/strong><\/p>\n\n\n\n

I saw that Pollen is\nbased on the notion that trough cooperation and aligned incentives you can\ncreate a system which produces mutual benefits for all, just like the bees.\nCommunity cooperation is needed in order to achieve this task, what are the\nincentives Pollen offers to the community and what expects to receive in\nreturn?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>It is\nindeed a collective community just like bees. Reputation in Pollen is based on\nvoting history, we determine how rewards are based on the outcome of decisions\ntaken. Pollen uses a reputation based governance model, we have a number of\nmechanisms in place to prevent manipulation these include a dynamic pool of the\n128 best performers which we call \u2018Collective Delegation\u2019.<\/p>\n\n\n\n

As Eth addresses pseudo anonymous and the pool dynamic, with\ncascading voting power within this pool, and with addresses in this pool\nchanging constantly, collusion is extremely challenging. Additionally, as PLN\nhas an internal price calculation, it is much harder to manipulate and there is\nlittle to be gained.<\/p>\n\n\n\n

As a holder of Pollen & STEM, how can you increase your\nreputation? There are a number of ways:<\/p>\n\n\n\n

✔️By submitting a successfully\naccepted proposal to add or remove an asset<\/p>\n\n\n\n

✔️By voting on a proposal\nwhether to accept or reject<\/p>\n\n\n\n

✔️By executing an order<\/p>\n\n\n\n

✔️By performing state update\ntasks, e.g. updating proposals states, or minting rewards for the reward pool.<\/p>\n\n\n\n

✔️By owning Pollen – user that\nhold PLN are rewarded STEM<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The\nchat was open for 120 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n

Q1 from Telegram User @testercoin<\/strong><\/p>\n\n\n\n

What kind of users are you targeting\nwith this project as your customers?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>Pollen\nis a DAO and we don’t view users as customers. One of problems we wanted to\nsolve from the outset was making a DeFi accessible and safe, and as such Pollen\nhas unprecedented user friendliness. Our Pollenator DAO which is a separate\nadjoining platform is geared more towards those who participate professionally.<\/em><\/p>\n\n\n\n

Q2 from Telegram User @topind7<\/strong><\/p>\n\n\n\n

What is your plan to\noptimize digital asset management and reduce market risk?<\/em><\/p>\n\n\n\n

Adam C: <\/strong>The\neventual plan is to support separate asset pools, categorized by risk and asset\ntypes. Low risk pools will be suitable for more traditional financial\ninstitutions looking to gain fixed yield defi exposure. We’ll also be looking\nto add support for leveraged and short positions, allowing portfolio managers\nto manage market risk effectively.<\/p>\n\n\n\n

Q3 from Telegram User @Chinthaka93<\/strong><\/p>\n\n\n\n

You have mentioned\nthat \u201cThe PLN token is less volatile and uncorrelated; a new DeFi primitive on\nwhich to build\u201d How do you say that PLN is less volatile? We all know that no\ncrypto currencies are non-volatile other than the stable coins. Is PLN a stable\ncoin or normal volatile coin?<\/em><\/p>\n\n\n\n

Alpha DeFi: <\/strong>Pollen\nis not a stablecoin. However, Pollen (PLN) is a token that is always backed by\nunderlying DAO assets. The token is designed to be a DeFi native, as a less\nvolatile asset designed to outperform the market.<\/p>\n\n\n\n

Q4 from Telegram User @leixagarcia<\/strong><\/p>\n\n\n\n

It strikes me that you\ncomment that we can delegate our vote… How would this be? What would this\nlook like, who can you choose to delegate it to?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>In\nPollen, any Eth address can delegate voting power to any other Eth address,\nsharing governance rewards. However, we also system called ‘Collective\nDelegation’ this is a dynamic pool of top performers, made up of 128 Eth\naddresses. This not only ensures that your voting power will always go to the\nmost deserving, it also means from a UI perspective, it means that delegation\nlooks a lot like staking, producing yield and without painful unstaking.<\/p>\n\n\n\n

Q5 from Telegram User @JoxesXIII<\/strong><\/p>\n\n\n\n

Your project claims to\nbe DeFi by the people, but with these high fees it is impossible to execute\nsmart contracts, what solution do you have for this?<\/em><\/p>\n\n\n\n

Adam C: <\/strong>We have\nalready started working on a layer 2 solution for voting and in the future are\nplanning to introduce gas-less voting utilizing the STEM token itself. Proposal\nexecution is a little trickier but we are exploring some optimizations there.<\/p>\n\n\n\n

Q6 from Telegram User @BlancaSdF<\/strong><\/p>\n\n\n\n

How long do you think\nDeFi will replace CeFi and what role will Pollen play in this?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>For one\nI feel we need fully decentralized asset management. And the space needs to be\nsafer and more accessible. Currently DeFi is an essentially a niche for\nexperts, we need to address a number of underlying issues if it’s to grow.<\/p>\n\n\n\n

Q7 from Telegram User @Boylut<\/strong><\/p>\n\n\n\n

How many $Stem do I\nneed to hold in other to be part of the DAO?<\/em><\/p>\n\n\n\n

Adam C: <\/strong>There is\ncurrently no minimum requirement of STEM to hold to participate in the DAO in\nterms of creating proposals and performing tasks like state updates. You will\nneed some STEM to vote however.<\/p>\n\n\n\n

Q8 from Telegram User @BJosefina61<\/strong><\/p>\n\n\n\n

Are there risks of\nloss by delegating my funds to the Pollen protocol, from the point of view of\nvolatility?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>There is\nno risk of loss through delegation, and delegating voting power does not mean\nno longer have position of any tokens held. We’ve implemented a system called\n‘traceable delegation’ which traces voting power, and this enables the\naforementioned.<\/p>\n\n\n\n

Q9 from Telegram User @Guandog<\/strong><\/p>\n\n\n\n

How do you plan to\nprevent small community groups from getting together to cooperate with each\nother to the detriment of the rest of the Pollen DeFi members?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>It’s\nchallenging to collude due to mechanisms such as collective delegation and lack\nof overall economic incentives. We use a governance process which only allows\ncertain asset types, and as the DAO has an internal price calculation for $PLN,\nthere is little upside even if collusion were possible.<\/p>\n\n\n\n

Q10 from Telegram User @wonderkit<\/strong><\/p>\n\n\n\n

Why is Pollen looking\nfor developers in different countries or why not hire a developer close to you\nor where you work?<\/em><\/p>\n\n\n\n

Verrien: <\/strong>Pollen\nis a distributed organization, in part due to our origins as an open source\nproject.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Pollen. A link to a\nQuiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were\ndistributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong> <\/p>\n\n\n\n

Pollen Telegram Group: https:\/\/t.me\/pollen_dao<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Pollen. Pollen is a DeFi Asset Portfolio Management Platform, with an evolutionary crowd-controlled governance model that removes centralization points while improving yields and portfolio performance. It operates on a custom-built DAO. The […]<\/p>\n","protected":false},"author":4,"featured_media":5601,"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\/5600"}],"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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=5600"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/5600\/revisions"}],"predecessor-version":[{"id":5605,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/5600\/revisions\/5605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/5601"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=5600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=5600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=5600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}