<\/p>\n\n\n\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 UNREAL FINANCE and our guest was Ishan Garg, founder of UNREAL FINANCE. The AMA took place on 27 April.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club:<\/strong> Hello, dear Satoshi Club!<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> 😃<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Today our guest is @ishangarg from\nUnreal Finance!<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> we are starting our AMA with Unreal\nFinance!<\/p>\n\n\n\n today our guest \n– @ishangarg ! 🙌<\/p>\n\n\n\n welcome to Satoshi Club!<\/p>\n\n\n\n Ishan\nGarg:<\/strong> Hi everyone<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club\n@ishangarg 😊<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> how are you doing? 😇<\/p>\n\n\n\n Ishan\nGarg:<\/strong> Thank you for having me here @GoldRocket27\n@Cool_as_Ice<\/p>\n\n\n\n Doing good, thank you \ud83d\ude42<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> [ 👍 Sticker ]<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> We are very excited about the\nupcoming AMA 😊 and you?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> Likewise \ud83d\ude42<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> nice! we will start our AMA with a\nshort intro! 😊<\/p>\n\n\n\n @ishangarg please introduce yourself and your\nproject !<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Yes! Introduce youreself. How did you get to be involved in crypto\n& Unreal Finance?<\/p>\n\n\n\n Tell us please about yourself and your position in\nUnreal Finance.<\/p>\n\n\n\n Ishan\nGarg:<\/strong> hi everyone, I am Ishan Garg, founder of Unreal\nFinance. Prior to Unreal Finance, I was the head of BD for OKEx India<\/p>\n\n\n\n Like everyone else, I too was quite active in the\nyield farming space during Defi summer and kind of noticed the frustrating\nproblem of fluctuations in interest rate<\/p>\n\n\n\n and this problem led to the solution which would\nlater the basis of Unreal Finance<\/p>\n\n\n\n Unreal Finance tokenizes the future yield of an\nunderlying protocol effectively creating a new synthetic asset class – something similar to interest rate swap\nmarkets of traditional finance<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> so you decided start this project not\nlong time ago? are you working alone, or you have team partners?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> You have a great experience for\ncreating your own project, I dare say👍<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> sounds like complex product 😁<\/p>\n\n\n\n Ishan\nGarg:<\/strong> we are a team of 4 people – 2 brilliant smart\ncontract developers and some amazing marketing people<\/p>\n\n\n\n thank you<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Are you an anonymous team?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> not really<\/p>\n\n\n\n we are currently updating our website with the new\ninformation<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> we can see that you are definitely not\nanon 😊<\/p>\n\n\n\n Ishan\nGarg:<\/strong> haha yeah<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Tell us about the benefits of\nUnreal Finance. How is it different from others platforms?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n One of the biggest benefit of Unreal Finance is that\nUnreal Finance allows people to lock-in their interest rate in lending\nprotocol\/farm – that is even if the interest rate drop, a person gets their\ndesired interest rate<\/p>\n\n\n\n moreover, users can now speculate on the interest\nrate (long interest rate or short them depending on the market) in a more\ncapital efficient way<\/p>\n\n\n\n One of the key difference between us and lending\nprotocols\/farms is that we allow the above advantages – moreover, through\nUnreal Finance a user gets the entire interest rate upfront<\/p>\n\n\n\n which they can reuse in a different lending protcol,\nthus maximising their earned interest<\/p>\n\n\n\n i am done<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thank you very much for the great\nintro!<\/p>\n\n\n\n Our community members have prepared a few questions\nfor you!<\/p>\n\n\n\n Are you ready to proceed?🚀<\/p>\n\n\n\n Ishan\nGarg:<\/strong> Definitely<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> let’s gooo! 🚀<\/p>\n\n\n\n Q1\nfrom Telegram user @dudeiebitch<\/em><\/strong><\/p>\n\n\n\n You\ntalked specifically on the fact that your company is an on-chain decentralized\nyield futures platform with a mission of allowing people to \u201cearn future yield\ninstantly\u201d. We all know that crypto is not a get rich quick scheme and the fact\nyou used \u201cfuture\u201d and \u201cinstant\u201d in the same sentence, is it not a form of\nenticement to newbies and only help them loose their money. How do you plan to\nhelp them earn future yield instantly, do you plan to trade shitcoins that does\nnot have 100% trust?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> The reason why we say “earn future yield\ninstantly” is that a person gets a synthetic token on their deposit that\ntracks the amount of yield generated by their deposit. This yield is yet to be\ngenerated hence the word future<\/p>\n\n\n\n this synthetic token can be sold on any AMM for pure\ncash anytime the user wants (even afte depositing) hence the word earn\ninstantly<\/p>\n\n\n\n done<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> thank you very much for the clear\nanswer👍<\/p>\n\n\n\n Will Unreal Finance use his own token?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> yes<\/p>\n\n\n\n Unreal has its own native token UGT<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Please share more tokenomics😊<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> we have question about token in this\npart 👀 maybe a bit later?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> thank you for the answer! ready for the\nnext question?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> as for the tokenomics we haven’t made it public\nyet, we will be releasing to the public shortly<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> 👍 nice! good to know that!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> thank you very much for the\ninformation👍<\/p>\n\n\n\n Q2\nfrom Telegram user @cryptofollower<\/em><\/strong><\/p>\n\n\n\n One\nof the promises of Unreal Finance is fixed interest rates. On other projects,\nwe are seeing the interest rates and APY\u2019s changing over time depending the\nliquidity on the pools. What are your technologies for providing a fixed rate\nof interest and can you share the expected minimum APY for your pools?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> yes, that’s a good question<\/p>\n\n\n\n The minimum APY depends on the APY provided by the\nunderlying protocol – for example in Compound we see APY’s from 2%-24%<\/p>\n\n\n\n For fixed interest rate, we have introduced a unique\nthree token model. This unique token model separates the principle and the\nfuture yield<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> This is very promising. Please\ntell us more<\/p>\n\n\n\n Ishan\nGarg:<\/strong> for eg: if you deposit 1000 DAI on Unreal FInance,\nthe protocol generates two tokens – 1000 UOS, which are the ownership token,\nwhich tracks your deposit and 1000\nUToken which track the yield generated by the deposit<\/p>\n\n\n\n assuming the current protocol is Aave and the\ncurrent interest rate is 33% APY, the user can effectively sell the 1000 UToken\nfor 330 DAI<\/p>\n\n\n\n and get the interest rate upfront, effectively\nlocking your yearly interest rate<\/p>\n\n\n\n done<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> so we can deposit funds directly into\nyour platform? without needs to use Comound and Aave for example?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> yes, we act as a layer on top of compound\/aave<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> got it. thanks for the clarification 👌<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> This is a very original model!\nThank you for the clarification! Are you ready to proceed to the next question?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n Q3\nfrom Telegram user @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n I\nread that Unreal Finance has UToken is a synthetic token minted by the protocol\ngenerated by the protocol and UOS is the Ownership Token for Unreal Finance.\nWhat functions and purpose do they have, users should own both tokens, how can\nthey get them, and are these two tokens enough?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n As soon as you deposit on Unreal Finance, two tokens\nare generated UOS and UToken<\/p>\n\n\n\n UOS is the ownership token, that is it represents\nyour share in the total deposited funds.<\/p>\n\n\n\n While UToken tracks the yield generated by your\ndeposit from the total yield generated<\/p>\n\n\n\n depending on what kind of strategies you want to\nperform you buy\/sell\/hold these tokens<\/p>\n\n\n\n i hope this helps in understanding Unreal<\/p>\n\n\n\n done<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> thanks! what types of wallets your\nplatform will support? if let say i use metamask, after deposit on your\nplatform, both of these tokens will be visible in my wallet without need to add\nthem customly?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> so yes we will be supporting Metamask,\nWalletconnect, Wallet link<\/p>\n\n\n\n and the tokens are automatically added to your\nwallet once minted<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> nice! very convenient<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thank you for such clear answers!\nAre you ready for the next question?😉<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n Q4\nfrom Telegram user @h1drX<\/em><\/strong><\/p>\n\n\n\n I\nwas reading your future plans and I saw that you are actively working on\n\u201cLayer-2\u201d, can you tell us a bit about this new implementation? What benefits\nwill you bring to Unreal Finance? Since when are you working on this\nimprovement? And finally, can you tell us when it will be released\napproximately?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> ofcourse<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> everyone wants Layer-2 asap 😄<\/p>\n\n\n\n Ishan\nGarg:<\/strong> haha true<\/p>\n\n\n\n although, we are fairly early in L2 implementation.\nWe want to bring a new architecture there, we want to keep funds on L1 but\nallow users to trade and manage positions on L2, we will share more updates as\nwe progress with our community in the coming months<\/p>\n\n\n\n done<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> thank you! are you looking more into\noptimism or zk rollups? 😉 regarding to L2 implementation<\/p>\n\n\n\n Ishan\nGarg:<\/strong> optimism first<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> got it! 👌<\/p>\n\n\n\n thanks for the answer! let’s jump to the next\nquestion! 🚀<\/p>\n\n\n\n Ishan\nGarg:<\/strong> sure<\/p>\n\n\n\n Q5\nfrom Telegram user @jodasf<\/em><\/strong><\/p>\n\n\n\n You\ncan tell us if there is any type of insurance when making any type of loan\nwithin Unreal Finance, that is, you or another external entity takes charge of\nthe installments of said loan if the holder is in any situation that prevents\nthem from paying them?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> Users can sell their future yield instantly instead\nof taking a loan through Unreal Finance, much like how alchemix does it<\/p>\n\n\n\n we do not deal with the borrowing side of things, so\nthere’s no liquidation or other problems associated with borrowing.<\/p>\n\n\n\n done<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> By the way, tell us a bit about <\/p>\n\n\n\n governance Unreal Finance…<\/p>\n\n\n\n how it works?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> The community can vote on how Unreal Finance will\nwork and move forward – that is the protocols that will be supported, the fees\nstructure changes, and future updates<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> will you issue your governance token?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> yes the UGT is native governance token of Unreal<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> oh, understood, thanks! 👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thank you very much for the\ninformation! Ready to proceed?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> yes<\/p>\n\n\n\n Q6\nfrom Telegram user @Indomiekuy<\/em><\/strong><\/p>\n\n\n\n To\nachieve the revolutionizing of decentralized lending space will be not easy and\nthats why a project like Unreal Finance must have strong partner. Can we know\nwhich project\/firm that already makes agreement with Unreal Finance? How are\nthe criteria if other want to join partnership with your project? And what do\nyou expect from partnership?<\/strong><\/p>\n\n\n\n Ishan\nGarg:<\/strong> Parnterships are key to Unreal’s success and we\nwould be spending condierable amount of\ntime building new partnerships in the industry<\/p>\n\n\n\n One of our first partner is Unilend Finance, which\nis one of the fastest growing lending protocol in space<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> yep, nice guys<\/p>\n\n\n\n Ishan\nGarg:<\/strong> and lending protcol\/farm that generates a future\nyield is a potential partner for Unreal Finance. One of the first criteria we\nare going to look at is the TVL of the protocol as higher the TVL more robust\nthe protcol is<\/p>\n\n\n\n done<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> are you looking for partners only on\nEthereum blockchain? or you are ready working with people from BSC etc?<\/p>\n\n\n\n Ishan\nGarg:<\/strong> currently it’s of ETH blockchain, once we launch on\nBSC we will start partenring with BSC based projects<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> [ 👍 Sticker ]<\/p>\n\n\n\n great! i hope you will find lots of good projects\nand cool partnerships 👍😉<\/p>\n\n\n\n Ishan\nGarg:<\/strong> Thank you \ud83d\ude42<\/p>\n\n\n\n Q1 from telegram username @Derazy<\/em><\/strong><\/p>\n\n\n\n Is there any minimum or maximum deposit at Unreal\nFinance Platform to generate UOS and UToken?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nwhile there is no min deposit – it would be advisable in the iniital launch to\nput in a big amount on to offset the gas fee until our L2, and BSC chain go\nlive<\/p>\n\n\n\n Q2 from telegram username @topind7<\/em><\/strong><\/p>\n\n\n\n Is it true that the protocol will be governed by\ntoken holders through proposals, why is this so? And why also go with the name\nUnreal?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nso Unreal is a short form of –\nUnrealised Yield<\/p>\n\n\n\n and we wanted to also\nplay with words – like once we get the interest rate upfront we can say –\n“mate, the profits are unreal” haha<\/p>\n\n\n\n community can always\nhelp in doing what’s the best for the project<\/p>\n\n\n\n as we have seen with\nthis amazing community \ud83d\ude42<\/p>\n\n\n\n Q3 from telegram username @crypto9690<\/em><\/strong><\/p>\n\n\n\n What is the development phase of unreal now.Many new\nprojects make a good impression at the beginning, but are suddenly responded\nto. How will you manage your project to gain a place in the market and become\nthe best token in the blockchain world, Can you explain to us? #unreal# AMA\n#community @ishangarg<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nwe are working on releasing the public beta and will update you more on this\nsoon. One of the strategies which we will be employing will be of partnerships\nas more partners we have the more bigger unreal finance will become<\/p>\n\n\n\n Q4 from telegram username @sumione<\/em><\/strong><\/p>\n\n\n\n What does your project aims to solve the\nproblem in real life of blockchain? In\nother word also why DEFI needs Unreal Finance?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nthe biggest problem of decentralized lending is that the interest rate isn’t\nfixed<\/p>\n\n\n\n Q5 from telegram username @Tony2523210<\/em><\/strong><\/p>\n\n\n\n Unreal platform allows user to receive profit by using\nmargin trading, but have you considered integrate more types of Derivates\nMarkets ? Like futures or perpetual ?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nthey can be integrated of course, and we would welcome the community to build\nnew financial products on top of Unreal’s future yield tokens<\/p>\n\n\n\n Q6 from telegram username @Eminet001<\/em><\/strong><\/p>\n\n\n\n How can users be part of the success of this\nproject, are we allowed in any governance activities like voting ?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nyes, holding $UGT will give you the right to vote and govern the protocol. Oh\nand also earn passive income \ud83d\ude42<\/p>\n\n\n\n Q7 from telegram username @budykarebet<\/em><\/strong><\/p>\n\n\n\n What are Unreal top priorities in 2021? Can you\nshare some of your plans for the coming year? Which part of the project are you\nfocusing on most now?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nour current priority is make the public beta live so our community can test and\nplay around with Unreal Finance. Our 2021 priority is make the platform live,\nwhile also integrate with more lending\/farming protocols<\/p>\n\n\n\n Q8 from telegram username @Alberto_vzla<\/em><\/strong><\/p>\n\n\n\n One of the strengths of Unreal Finance is its\nability to create new products through unreal finance. What concept does Unreal\nFinance handle of unreal finance and how are these products created from this\nconcept?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\none of the biggest strength of Unreal Finance is that the tokens generated are\ncompatible with the existing defi infrastructure. This allows the future yield\ntokens be used in a varietly of applications such as interest rate maximisation,\nliquidity maximsation, yield insurance etc<\/p>\n\n\n\n Q9 from telegram username @dainairlangga<\/em><\/strong><\/p>\n\n\n\n Token burn is important for investors, do you have\nany plan burn or buy back?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nwe haven’t finalized this yet, we will release more information regarding this\nin the future<\/p>\n\n\n\n Q10 from telegram username @Josuchams<\/em><\/strong><\/p>\n\n\n\n How can the community help UNREAL grow? Do you have\na page where we can help, liking, reposting, and commenting?<\/strong><\/p>\n\n\n\n Ishan Garg:<\/strong>\nyes, we wil be launching this shortly, do stay tuned on our official group \ud83d\ude42<\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n