{"id":8287,"date":"2021-04-20T09:30:48","date_gmt":"2021-04-20T06:30:48","guid":{"rendered":"https:\/\/esatoshi.club\/?p=8287"},"modified":"2021-04-20T11:10:15","modified_gmt":"2021-04-20T08:10:15","slug":"ama-satoshi-club-x-moar-finance-april-19th-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/04\/20\/ama-satoshi-club-x-moar-finance-april-19th-2\/","title":{"rendered":"AMA Satoshi Club x MOAR Finance, April 19th"},"content":{"rendered":"\n<p>This Recap is about MOAR Finance. The AMA took place on April 19th, 2021 and our guest was  @johnl1 . We would like to present to your attention a meeting with the real Wolf of Wall Street.<\/p>\n\n\n\n<p>The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part 1 \u2014\nintroduction&nbsp;and&nbsp;questions from the\nTelegram&amp;Bitcointalk&nbsp;community<\/strong><\/h2>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Hello Satoshi Club! We are happy to announce our AMA session with MOAR Finance! Welcome to Satoshi Club&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Hello, dear community! Today our guest is @johnl1!<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>@johnl1 welcome here &#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>thank you for hosting! apologies for being late~<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Np, we are happy to see you here &#x1f600; Let&#8217;s start our AMA!<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Rock and roll<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB:<\/strong> Could you please introduce yourself and tell us more about MOAR Finance?&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Hello hello Satoshi Club! <\/p>\n\n\n\n<p>I am John, project lead for MOAR.\u00a0 I hail from Wall Street with 9 years trading alternative products and derivatives and 10 years building products crossing the gamut of operations, risk, and trading for the industry. <\/p>\n\n\n\n<p>For the last 3 years I have been \u201cfull-on\u201d in blockchain, leading product organizations and strategy at public protocols like Fusion, and advising various digital asset startups.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Wolf of Wall Street &#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Wow! Great background&#x1f44d;<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>But you choose crypto&#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Now let&#8217;s talk about MOAR.<\/p>\n\n\n\n<p>TL DR version: <\/p>\n\n\n\n<p>MOAR is the first-of-its-kind, derivative-aware, capital-efficient lending platform. <\/p>\n\n\n\n<p>If I said nothing else then that sentence is sufficient.<\/p>\n\n\n\n<p>John (Don&#8217;t respond to dm) L: I choose crypto for the people like you all. Hahaha..<\/p>\n\n\n\n<p>\u041c\u0430ry Satoshi CLUB: Wow, sounds promising! We want more details &#x1f600; You&#8217;re one of us now and together we are power&#x1f4aa;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>So about MOAR &#8211; by explaining what MOAR stands for, you&#8217;ll also understand more..about MOAR.<\/p>\n\n\n\n<p>MOAR stands for Multi-asset Optimized Automatic Return.<\/p>\n\n\n\n<p>Multi-asset: <\/p>\n\n\n\n<p>Not only will multiple cryptocurrencies be supported as we build on cross-chain protocols, but also multiple asset types of those currencies.<\/p>\n\n\n\n<p><strong> <\/strong>Optimized: <\/p>\n\n\n\n<p>The platform optimizes collateral utilization, return streams, gas efficiency, liquidation protection, and more by integrating derivatives with underlying assets, unlocking the same financial efficiency of found in TradFi.<\/p>\n\n\n\n<p>Automatic: <\/p>\n\n\n\n<p>Smart contracts automations are still split across different projects that for the average DeFi consumer, make them inaccessible. MOAR leverages composability wrapped with usability to create a one-stop, one-click experience for mass adoption.<\/p>\n\n\n\n<p>Return: <\/p>\n\n\n\n<p>MOAR provides decentralized money-market lending returns enhanced with sophisticated financial tooling and DeFi Protection, such as UNION\u2019s crypto default swaps.<\/p>\n\n\n\n<p>That&#8217;s MOAR!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>It&#8217;s very interesting! thanks a lot for the intro! And now we have prepared questions for you from the community.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB:<\/strong> Fantastic! We want to dive deeper into the details &#x1f600; With the questions from our community!<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Can&#8217;t wait!<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram User @Xusuo<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>I read that Moar Finance\u2019s testnet will be launched at the end of april, can you explain what user able to do with your testnet and who will test it? Do user possible to participate testing your testnet? And when will your mainnet ready?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L:<\/strong> Yes, we are targeting end of April. That&#8217;s two weeks left on our countdown timer, and things are looking good.<\/p>\n\n\n\n<p>Testnet will offer the vanilla lending platform features: borrow, deposits.\u00a0 <\/p>\n\n\n\n<p>In addition, and more importantly, the secret sauce is the integration of C-OP (UNION&#8217;s Collateral Optimization product), giving users the option to turn their ETH deposit from the typical 70% borrow factor to 100% borrow factor!\u00a0 <\/p>\n\n\n\n<p>This optimization fulfills the &#8220;derivative aware&#8221; portion of MOAR.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>It will be launched on test network or mainnet? Will it be Eth network?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Yes, users will have a chance to test it.\u00a0 We will likely launch both a closed-beta testing of select users performing certain tasks in return for MOAR incentives, along with general open beta.\u00a0 More details to be announced.<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>End of April is testnet, so either Kovan or Rinkeby (ETH test networks).\u00a0 We start with Ethereum layer because 1) that is where the majority of DeFi is and 2) it&#8217;s a great foundation for porting to other chains.<\/p>\n\n\n\n<p>On our roadmap, you will see in Q4 we start working with cross-chain protocols, like Polkadot<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Gotcha! I like testing, hope i will have a chance to join testing &#x1f600; Awesome! I see that cross-chain is must have nowadays &#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>A sign of the maturing industry and tech.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Yes, i couldn&#8217;t imagine this two or three years ago. Thank you for your answers! Ready to go to the next question?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Yes, let&#8217;s go!<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram User @Pratze\n<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>I read on your telegram, that Moar Finance will have an airdrop program to give $MOAR token for $UNN holder, can you give clarification what are the connection between $MOAR and $UNN? And also what are the requirement to get the airdrop, is it just need to hold $UNN?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Well, not sure where that message came from, but we have not said there will be an airdop. <\/p>\n\n\n\n<p>What we have said is that MOAR will donate a portion of its tokens back to UNION.\u00a0 Now, what UNION chooses to do there\u2014well that&#8217;s up to them. \ud83d\ude42\u00a0 <\/p>\n\n\n\n<p>We also have said that there will be other incentives that are explored, such as enhanced borrow factors.\u00a0 We&#8217;ll share more when appropriate.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Ok, but i will ask&#x1f602; if the word airdrop will ever be combined with MOAR Finance? Retroactive airdrop?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Now, for the connection of UNN and MOAR:<\/p>\n\n\n\n<p>UNION and MOAR have a very strong symbiotic relationship.\u00a0 We are sister (or brother) projects. <\/p>\n\n\n\n<p>MOAR started under UNION, meaning we have all the expertise of UNION as a starting point. <\/p>\n\n\n\n<p>The origins of MOAR, ULend, was to showcase UNION\u2019s protection product (starting with UNION\u2019s revolutionary capital efficiency product, C-OP) so that other lending platforms can utilize ULend as a guidebook on how to integrate UNION\u2019s products.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>You have famous relatives &#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>As a standalone project, MOAR will focus on Lending which utilizes UNION products for protection, while UNION continues to focus on protection. <\/p>\n\n\n\n<p>UNION = the Intel chipmaker for protection.\u00a0 <\/p>\n\n\n\n<p>MOAR = the PC maker utilizing the protection chip for computers.<\/p>\n\n\n\n<p>More TVL in MOAR \u2014&gt; More adoption of UNION product.<\/p>\n\n\n\n<p>Nothing is impossible. \ud83d\ude42<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB:<\/strong> Got it&#x1f600; So, you will grow together! Strong family &#x1f4aa;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Exactly. Other lending platforms and projects, will continue to use UNION for their own purposes.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>&#x1f44d;Thank you for your answers! Do you want to add something or we can go to the next question?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L:<\/strong> Let&#8217;s go to next question.<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram User\n@Gutike95<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>I understand that MOAR leverages compositing capabilities to create a one-click experience for mass adoption, as you guys mention, but could you really explain a bit more about it? And can UNION really only achieve adoption if and only if it uses MOAR?<\/em><\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>A bit covered&#x1f600; But i am sure you can add more to the answers&#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>The easiest explanation is to draw analogy to your smart phone.\u00a0 It&#8217;s got tons of apps right? But with a few clicks, I can launch an app and do whatever I want.\u00a0 Or, think of Wechat or LINE or Facebook.\u00a0 Tons of features\u2014posting, payments, ads, purcahses. All within one app.<\/p>\n\n\n\n<p>The MOAR equivalent starts with what we&#8217;ve done with C-OP.\u00a0 Sure, you can goto UNION C-OP and purchase then come back to MOAR and deposit the C-OP. <\/p>\n\n\n\n<p><strong>-o<\/strong>r<strong>&#8211;<\/strong><\/p>\n\n\n\n<p>You can buy C-OP directly within UNION when you are about to borrow assets. Giving you the value exactly when you need it.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: Y<\/strong>es, that&#8217;s true! So, it will be easy even for normies to use it?&#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>MOAR will do the same with other protocols\u2014maybe other derivatives, or other enhanced yield vaults.<\/p>\n\n\n\n<p> 100%.\u00a0 DeFi is ready for its own wave of mass adoption, much as the wave has hit the majors (BTC, ETH, and&#8230;DOGE).\u00a0 Consumers expect simplicity.<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L:<\/strong> Now, let&#8217;s move to second part of question. <\/p>\n\n\n\n<p>\u00a0can UNION really only achieve adoption if and only if it uses MOAR?<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Yes, that&#8217;s interesting &#x1f642;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>UNION will not only use MOAR.\u00a0 <\/p>\n\n\n\n<p>MOAR is the first of many projects that will use UNION.\u00a0 Partnerships with other lending protocols and cross-chain protocols have been announced through UNION and I look forward to the adoption there.\u00a0 <\/p>\n\n\n\n<p>There is no exclusive deal signed where UNION is not allowed to partner with other protocols at all.\u00a0 That goes against DeFi collaboration!<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Ready for next question.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Let&#8217;s go &#x1f680;<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram User\n@yellowchamp<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>MOAR will offer incentives for holders of UNN, in the form of optimized borrow factors, lower charges, and joint Geyser rewards. Can you describe how does Optimized borrow factors being implemented in Moar network? and can you give us more details about the Geyser rewards in your platform? Can anyone join it or only the UNN holders? Thank you<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>We talked a bit about C-OP and MOAR already, so I&#8217;ll be brief.\u00a0 By hedging a collateral with a Put option, MOAR is able to lock-in a known value of liquidation (like Sunday&#8217;s).\u00a0 With this certainty, MOAR can lend up to 100% of the collateral&#8217;s value. <\/p>\n\n\n\n<p>This both increases capital efficiency (borrow more for what you have!) and can also be used as additional safety (reduce risk of liquidation!).<\/p>\n\n\n\n<p>As far as the Geyser rewards, we will announce this week additional info.\u00a0 Let&#8217;s get through the Uniswap listing first. <\/p>\n\n\n\n<p>I can say that, MOAR follows path of other projects to reward LPs of MOAR in Uniswap.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>This will be available for all users? Will you charge a fee for borrowing?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>If you are referring to C-OP: Any user who deposits ETH and purchases C-OP.<\/p>\n\n\n\n<p>If there is big enough demand, we may even purchase in batch and then offer to users\u2014but that&#8217;s putting the cart before the horse, as the saying goes.<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Yes, there will be a small borrow fee, much like other protocols, for example Compound.\u00a0 The fee is set aside in reserves, primarily to be used in &#8220;black swan&#8221; events.\u00a0 Holders of MOAR may choose, through governance, to do something else with a portion of those fees, or increase\/decrease fees in the future as we open up our governance features.<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>That&#8217;s clear! Thank you for your answers! Ready to proceed?<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>We&#8217;ll share more on fees as we move closer to Mainnet. <\/p>\n\n\n\n<p>Yes, ready to proceed<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>&#x1f44d; we will follow your updates<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram User\n@alptrader<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>About the governance options of voting power as there will be lending decisions, the community plays a key role on the future of the Moar. In order to gain governance power do token holders need to lock the tokens inside the ecosystem and how many tokens needed for gaining vote power?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Hah, it&#8217;s almost like we coordinated this question ahead of time to follow my answer. But..we didn&#8217;t. \ud83d\ude00<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>As i understand we will see updates later, right?&#x1f600;<\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L:<\/strong> Certainly, one has to hold MOAR tokens.\u00a0 I don&#8217;t believe a project should have a minimum to have vote power.\u00a0 If you have 1 MOAR token, you can vote.\u2014-though that clearly won&#8217;t have the same effect as someone who votes with 100 MOAR tokens.<strong>\u00a0 <\/strong><\/p>\n\n\n\n<p>We are seeing governance structures mature as well, and are looking at optimum ways to balance &#8220;signal voting&#8221; (e.g., off-chain voting) with necessity for on-chain votes.\u00a0 We are very mindful of gas costs stifling participation on votes.<\/p>\n\n\n\n<p>Certainly, more updates to come on governance.\u00a0 Perhaps there are structural bit impactful votes that require locking (for example, lowering fees).<\/p>\n\n\n\n<p>Let&#8217;s move on to next question<\/p>\n\n\n\n<p><strong>\u041c\u0430ry Satoshi CLUB: <\/strong>Yes, project always trying to find best structure for voting &#x1f600;<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram User\n@Andrey_Seleznov<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p><em>You have an impressive list of prominent VC investors but I could not find the whitepaper on MOAR website. What was your pitch that helped to enlist all of them without the whitepaper or litepaper?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>We have a private deck and a litepaper which concepts I have mostly shared through AMAs and Medium.\u00a0<strong> <\/strong><\/p>\n\n\n\n<p>Really, the topic of capital efficiency, how we chose to approach it with a derivative-first solution, and the maturity of the product (close to Testnet), made the conversations very smooth.\u00a0 There are many many lending platforms\u2014but we&#8217;re the first that I know of which is derivative aware and focused on capital efficiency.<\/p>\n\n\n\n<h2>Part 2 \u2014 live questions from\nthe Telegram community<\/h2>\n\n\n\n<p><em><strong>Q1 from Telegram User @Subarna_Lata<\/strong><\/em><\/p>\n\n\n\n<p><em>What is unique about #MoarFinance\nperformance compared to other farms? <\/em><\/p>\n\n\n\n<p><em>Why should I create collections at Moar Finance? And what the user needs to have to be able to create and cast out the NFT on the Moar Finance?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>To start, you get to borrow more for the same $ of asset that you have.\u00a0 There will be other benefits in the future such as options to swap between floating interest and fixed term interest, integrated protection, and self-managed liquidation prevention rules.<\/p>\n\n\n\n<p><em><strong>Q2 from Telegram User @ieo_alert<\/strong><\/em><\/p>\n\n\n\n<p><em>What is the real difference between MOAR and UNION? Why don&#8217;t they focus on a single project?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>UNION is protection.\u00a0 MOAR is lending.\u00a0 Those are two different projects.\u00a0 Why constrain the opportunity set?\u00a0 By having two separate projects, each team can focus on a single project (no distractions) while still bringing adoption\u00a0 or innovation value to each other.<\/p>\n\n\n\n<p><em><strong>Q3 from Telegram User @h1drX<\/strong><\/em><\/p>\n\n\n\n<p><em>Your Q4 feature goals will include layer two integration, a cross-chain test network (Polkadot).\u00a0 The integration of layer two caught my attention, what is layer two going to be responsible for that you will implement in the project?\u00a0 Also, regarding Polkadot, why did you decide to create a cross-chain test network?\u00a0 What are your goals regarding this?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Layer 2 can be used for computation heavy items on-chain.\u00a0 Or, they can be used for internal transfers (within a user&#8217;s account or to another MOAR account).\u00a0 All to save gas.\u00a0<strong> <\/strong><\/p>\n\n\n\n<p>Cross-chain future-proof&#8217;s MOAR so that users can exchange any asset, or take advantage of any protocol&#8217;s innovation.<\/p>\n\n\n\n<p><em><strong>Q4 from Telegram User @SPAZEEEE<\/strong><\/em><\/p>\n\n\n\n<p><em>Q. According to yourself Is your project able to compete with other projects?<\/em><\/p>\n\n\n\n<p><em>If so, can you explain in what way you attract users so that they are interested and contribute to your project !?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>capital efficiency.\u00a0 able to use derivatives. Done \ud83d\ude00<\/p>\n\n\n\n<p><em>Q<\/em><em>5 from Telegram User @cindy_crypto<\/em><\/p>\n\n\n\n<p><em>How do you mix the derivatives with the defi lending? If someone lend 1k, can I borrow 2k?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>In Tradfi, this concept of leverage definitely exists and is much more efficiently utilized than DeFi.\u00a0 With my TradFi background, I would like to create similar leverage that both creates opportunity for the person using leverage and protects the platform offering leverage.<\/p>\n\n\n\n<p><em><strong>Q6 from Telegram User @AllenLu<\/strong><\/em><\/p>\n\n\n\n<p><em>One of the tools that you have in your MOAR key are the options, also adding a Swaps with different types of interest. Can you explain what these tools are about and how do they differ?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Money market lending today is what&#8217;s called floating rate.\u00a0 means that it changes everyday.\u00a0 \u00a0This is great if you are borrowing and the rate goes down, but not so great if tomorrow you walk in and the borrow rate went from 6% to 13%, for example.\u00a0 If a borrower, or lender, wants certainty\u00a0 in rates for a term, they can use interest rate swaps.<\/p>\n\n\n\n<p>Having interest rate swaps + fixed term deposits as primitives also opens up many other avenues of financial innovation.<\/p>\n\n\n\n<p><em><strong>Q7 from Telegram User @Indomiekuy<\/strong><\/em><\/p>\n\n\n\n<p><em>I see that Moar Finance main product is about Lending platform. Also you already success doing private round and having great investor. Could you please share a little about your investor, who are they and what are their background? Also if you dont mind, can you tell us what are your plan to do with fund that you gathered from private round?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Our website has the list of backers.\u00a0 But they are quality names such as 3commas, Kyros, Ruby, AU21 and more.\u00a0 These are entities that know DeFi space through and through, and recognize MOAR as a standout project.<\/p>\n\n\n\n<p>The funds gathered in private round is used for building out the roadmap!<\/p>\n\n\n\n<p><em><strong>Q8 from Telegram User @giovannialc<\/strong><\/em><\/p>\n\n\n\n<p><em>MOAR finances allow obtaining returns for both people with capital and for those seeking capital. What other plans can offer users?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>If we&#8217;ve accomplished that as a lending platform, then we&#8217;ve already succeeded! MOAR is about being a lending platform that is more capital efficient, safer, and easier to use for lenders and borrowers\u2014individuals or institutions.<\/p>\n\n\n\n<p><em><strong>Q9 from Telegram User @Tahsinahmett<\/strong><\/em><\/p>\n\n\n\n<p><em>Could virtual currency replace all world currencies in the future and become the world&#8217;s only currency? Where do you see yourself in the future?<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>World currencies of majors are in essence..already virtual. US Fed sure doesn&#8217;t print trillions in paper money.\u00a0 \ud83d\ude42\u00a0 <\/p>\n\n\n\n<p>But yes, digital currencies will indeed be a thing.\u00a0 Just look at the headlines\u2014China, Europe.<\/p>\n\n\n\n<p>As for where I see MOAR\u2014I see it being a nexus of money flow helping users and institutions alike meet their capital needs.<\/p>\n\n\n\n<p><em><strong>Q10 from Telegram User @meml97<\/strong><\/em><\/p>\n\n\n\n<p><em>&#x1f9e8;\u00a0\u00a0\u00a0\u00a0 It caught my eye the fact that MOAR is built on the latest version of Solidity, which means it can handle ERC-721, the token standard for nonfungible tokens, and of course we know that NFTs right now are becoming really popular, so, will MOAR incoporate NFT services to it\u2019s platform anytime in the future? Could you share more about this with us? @johnl1<\/em><\/p>\n\n\n\n<p><strong>John (Don&#8217;t respond to dm) L: <\/strong>Well, doesn&#8217;t have to have latest version of Solidity to handle ERC-721.\u00a0 But bonus points for picking up those two facts.\u00a0 <\/p>\n\n\n\n<p>Being ERC-721 aware means we can handle the NFT markets as they develop too.\u00a0 Can people pledge NFTs and borrow against them? There are logistics that need to be addressed (e.g., what&#8217;s a good Oracle for price? How stable is that price?), but the platform can already handle NFTs when the logistics are solved.<\/p>\n\n\n\n<h2><strong>Part&nbsp;3&nbsp;\u2013 Quiz\nResults<\/strong><\/h2>\n\n\n\n<p>In the final part we tested your knowledge in terms of MOAR Finance. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n<p><strong>For more information and\nfuture AMAs, join our Social Media channels:<\/strong><br>\nEnglish Telegram group:&nbsp;<a href=\"https:\/\/t.me\/Satoshi_club\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/Satoshi_club<\/a><br>\nRussian Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_ru\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n<p>Spanish Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_spanish\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_spanish<\/a><br>\nTelegram Channel:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_channel\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_channel<\/a><br>\nTwitter:&nbsp;<a href=\"https:\/\/twitter.com\/realsatoshiclub\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/realsatoshiclub<\/a><br>\nWebsite:&nbsp;<a href=\"https:\/\/esatoshi.club\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our partners:<\/strong><\/p>\n\n\n\n<p> MOAR Finance Website \u2013\u00a0<a href=\"https:\/\/moardefi.finance\/\">moardefi.finance<\/a><br>MOAR Finance Telegram \u2013\u00a0<a href=\"https:\/\/t.me\/MOARFinance\">@MOARFinance<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Recap is about MOAR Finance. The AMA took place on April 19th, 2021 and our guest was @johnl1 . We would like to present to your attention a meeting with the real Wolf of Wall Street. The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":8289,"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\/8287"}],"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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=8287"}],"version-history":[{"count":3,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8287\/revisions"}],"predecessor-version":[{"id":8304,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8287\/revisions\/8304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/8289"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=8287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=8287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=8287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}