07 Sep 202017:08
AMA
Chronicle AMA Recap

Chronicle AMA Recap

Myko (CryptoDiffer)Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Ryan Chow, Co-founder of Solv Protocol,

Jordan, Head of DODO NFT

JordanJordan

Hi everyone, glad to be here!

Ryan ChowRyan Chow

Hi all, it's a pleasure to be here!

Myko (CryptoDiffer)Myko (CryptoDiffer)

Welcome Ryan and Jordan, thank you for taking your time today!
Our team has prepared a number of questions for you to start with
can we start?

Ryan ChowRyan Chow

Sure, let's do it

Myko (CryptoDiffer)Myko (CryptoDiffer)

Superb
Q1: Please describe Solv Vouchers to those unfamiliar with it. What's your vision and mission?

Ryan ChowRyan Chow

hi
before that, let me introduce ourselves a little bit
I'm Ryan Chow, founder of SOLV. I'm responsible for Marketing and Researching in the team.
Here's my official bio
Ryan is a recognized DeFi and token researcher in China. He is managing a liquidity mining fund with an AUM of around $15 M. Ryan formerly worked for China Merchants Securities and Singularity Financial Hong Kong.
In one word, Solv Vouchers is dedicated to managing token liquidity via fractionalized NFTs. We facilitate the projects to create vouchers representing vesting tokens. Vouchers are splittable, composable NFTs that can be traded on all NFT-supportive marketplaces or used as collaterals on lending protocols freely. Solv would bring better token liquidity for all stakeholders.
The purpose of locking up tokens for each project is to manage the liquidity of their token, thus achieving a deeper binding relationship with investors through these vesting tokens.

1.The cost of managing lock-up tokens itself is very high, and the number of shareholders for each project is limited, because each allocation needs to sign a SAFT agreement to achieve.
2.Once your tokens are locked, you can't move them out anywhere, this will lead to the complete exhaustion of the liquidity of these locked assets.
The above two pain points can be solved by locking these tokens into NFTs and releasing them according to a vesting schedule. This is exactly our mission—— to change the way we managing vesting tokens and reducing management costs for projects, thus making every user participate in the project early and be a deep participant in the project.
Done:)

Myko (CryptoDiffer)Myko (CryptoDiffer)

Superb!
thank you
Q2: What are the advantages of Solv Vouchers to other alternatives in the DeFi field?

Ryan ChowRyan Chow

There are mainly three points:
1. Brand-new concepts and technical infrastructure - First of all, we have created a brand-new token standard, which could empower crypto projects to manage their lock-up tokens at a lower cost with NFT solutions. The competitor who adopts ERC-721 or 1155 would lack flexibility and compatibility for the assets they build.
2. A strong network of resources - We have cooperated with many investors and KOL partners all over the world, including Europe, America, Asia, and Australia, etc. We have established cooperations with more than 20 well-known projects of high quality. This will allow us to maintain a sustained leading position.
3. Continuous innovation and development delivery - In addition to focusing on scenarios of management and trading for vesting tokens, we will also launch new types of vouchers in the near future, such as staking vouchers that help projects and users staking in a better way.
done

Myko (CryptoDiffer)Myko (CryptoDiffer)

okie! great
now about your goals
Q3: What are the major milestones Solv Team achieved so far ?

Ryan ChowRyan Chow

Yeah, 1.We designed vNFT, a new asset standard for financial vouchers in December last year, and based on this standard, we have created many innovative products, including fixed-term lending, installment payments, group purchases, etc. Strategically, we chose Vesting Vouchers as the first scenario. It seems the right choice for us. Because we have it verified from many projects and users, and everyone wants a product like this.
2.We explained our Vision to seed round investors in February this year, then received recognition and investment from many high-quality investors, including IOSG, Spartan Group, and Hashed, etc.
3. On July 7th, we formally submitted the EIP proposal to promote the concept and technical standards of Financial NFTs.
4. On July 20th, we officially launched the Vesting Voucher product 2.1 version. The smart contract of this product has passed the audit by SlowMist and been deployed to the ETH mainnet. Everyone is able to experience a new, transparent and efficient vouchers trading market at the moment.
✅Done

Myko (CryptoDiffer)Myko (CryptoDiffer)

now,
Q4: What are in the future pipeline?

Ryan ChowRyan Chow

Please check out this image

As shown in the roadmap, we will expand to different ecosystems and continue to launch new products, including installment purchasing\ group purchasing and etc.
We would creat more and more assets of Financial NFTs for the market. Finally, we are committed to building Solv Vouchers into one of the biggest Financial NFTs trading marketplaces.
Done:)

Myko (CryptoDiffer)Myko (CryptoDiffer)

Okie,
Q5: What values do you believe Solv Vouchers can bring to retail investors?

Ryan ChowRyan Chow

As the creating and trading platform of vouchers, Solv Vouchers is generally towards the creation scenarios for projects, just like what Uniswap provides for crypto projects to create the liquidity pools.
From the perspective of transaction scenarios, all retail investors can participate in the game. Currently, Solv Vouchers is mainly targeted at allocation trading, where retail investors can enjoy a low friction, high transparency, and fraud-free trading experience, and easily obtain their preferred lock-up allocations. In addition, we will soon launch liquidity mining rewards, and users who trade on Solv Vouchers will get incentives as our SOLV tokens.
Just like DODO vesting vouchers, people now can get access to DODO allocation easily on Solv. I would suggest everyone who believe in DeFi buy DODO voucher:)))
Done

Myko (CryptoDiffer)Myko (CryptoDiffer)

Superb!
Now we'll transfer to DODO part
Q6: Why did you decide to adopt Solv Vouchers?

JordanJordan

Sure!
The DODO team is very bullish on NFT’s financial application. Solv Vouchers, as the first generic derivative protocol, can allow assets owned by project teams to enter the secondary market, circulating in the form of futures or options. By making a part of the tokens into vNFT, we can attract more believers who are bullish on DODO in the long run, and lower the threshold for them to purchase tokens.
Done

Myko (CryptoDiffer)Myko (CryptoDiffer)

Okie
next one
Q7: Where do you see Solv Vouchers in the future?

JordanJordan

The focus on NFT is shifting from art to finance. The biggest need in the financial world is liquidity, and what Solv Vouchers does is provide better liquidity for assets owned by project teams. Project teams can use SV to manage assets with a lock-up period of 2-3 years, and users can freely hold, trade, and borrow these assets. Financial NFT is an application scenario with a large demand and user base, and Solv Vouchers, with its excellent product capabilities and first-mover advantage, will without a doubt become the headline project in this space.
Done:)

Myko (CryptoDiffer)Myko (CryptoDiffer)

Well!
Q8: Could you introduce the rules of DODO Voucher issuing to us?

JordanJordan

Launch Date: Jul 28, 2021at 1:00PM UTC
Total Token Allocations: 100,000 DODO Tokens
Token Unit Price: 50% of DODO token’s past 30-day average market price
Release Schedule: Allocations will start being unlocked from September 29, 2021, and will be linearly released over the next 24 months, in a process similar to DODO’s seed round vesting releasing method.
Sale Type: Fixed Unit Price
Purchase Limit: 500 to 5,000 DODO tokens each address

There are two ways to be whitelisted for the DODO Solv Voucher Sale
1. Have an address that holds a minimum of 100 vDODO. The snapshot has already been taken on July 20, 2021, 12:00AM UTC +8 (Singapore Time)
2. Follow @BreederDodo and @SolvProtocol on Twitter, retweet the tweet, and fill out the form. 150 lucky followers will be randomly selected for the whitelist.
Done

Myko (CryptoDiffer)Myko (CryptoDiffer)

Great! We have one last question
Q9: DODO will launch its own NFT product in the near future, could you tell us some features about it?

JordanJordan

There are two major segments for the DODO NFT platform: Blind Box and Fragmentation.
DODO Blind Box will be launching a series of high-value NFT collectibles, with a heavy emphasis on IPs related to gaming, anime, and entertainment/pop cultures in East Asia. There will be a wide variety of NFTs, such as skins, avatars, and in-game items in the metaverse, all of which can be traded on different platforms. We have recently secured a deal with Bandai China, and Gundam, Naruto, and more gaming/anime-themed NFT campaigns will be launching on our platform in the foreseeable future.
Fragmentation is a product more leaning towards the financial world, where the asset owners issue high-value NFT(s) as ERC-20 tokens, which can be bought and sold as if they were stocks. The top five holders who own the most number NFT fragments on our platform can also receive trading fee payouts, thus incentivizing users to buy and trade on the DODO NFT platform. Asset owners can quickly recoup their capital through fragmentation, while buyers can enjoy the benefits of fragments appreciation and trading fee payouts.
We expect to officially deploy the main network in September, please stay tuned, thanks!
Done:)

Ryan ChowRyan Chow

Thanks for your questions guys!

Cryptodiffer CommunityCryptodiffer Community

How many different vehicles do Solv Coupons contain?
What is the advantage of integrating Solv Coupons with Opensea?
Can voucher holders set features such as fixed pricing and auctions themselves?

Ryan ChowRyan Chow

The first question would always be a good question:) yeah, we suppor variety of vesting schedule, including linear release/ Staged release and one time release. Projects can set up their own vesting schedule by themselves. And cuz Vouchers( or you can call it coupon) is a ERC-721 compatible assets, therefore you can trade it on opensea as well, which results in attracting more traffics to buy allocation. Sure, voucher holders can sell the vouchers freely, can take dutch auction or fixed price mode freely.
https://app.solv.finance/
You can try it out here, or try out our testnet: testnet.solv.finance

Cryptodiffer CommunityCryptodiffer Community

Hi! 🎨

Can you please explain more detailed Financial NFTs? Aren’t the ordinary NFTs already financial (have a value)? What extra do Solv Protocol to these normal NFTs so they become Financial?

@RyanChow778

Ryan ChowRyan Chow

yeah, we define Financial NFTs represent a kind of financial contractial relationship in the form of NFT. Just like commercial paper\note in traditional finance. This kind of assets can represent rich informations when we would like to conclude a contract with others. LP of Uniswap V3 can be deemed as Financial NFT.
If we look at the mission of the entire Solv Protocol, it is ‘Financial NFTs as a service’. We help everyone use NFTs to conclude financial contractual relationships between each other instead of signing a centralized legal agreement. Thereby reducing the cost and strengthening the liquidity of such financial contracts.
We have created a brand-new fractionalized NFT token standard to support Financial NFTs, which can be flexibly split and merged to meet our diverse asset operation requirements. We have submitted a formal EIP proposal, and your valuable suggestions are welcomed on https://github.com/ethereum/EIPs/issues/3641
We believe firmly that NFT is not just able to be a carrier of art, but also can be a good carrier for financial papers:)

Cryptodiffer CommunityCryptodiffer Community

What is the relationship between Dodo vesting voucher and SolvVoucher ?What are the methods of obtaining a SolvVoucher. Is it transferrable from one individuals to another ?

Ryan ChowRyan Chow

yeah Solv vouchers is the name of the projects. We call all of the financial NFTS we built as "vouchers". And DODO vesting vouchers is a kind of voucher which represent DODO vesting tokens. YOu can simply see voucher as a kind of fractionalized ERC721 NFT. SO it's transferable and splittable

Cryptodiffer CommunityCryptodiffer Community

What is so special about Solv Protocol compared to other projects? Can you give some reasons to convince users to choose ProjectX ?

Ryan ChowRyan Chow

There are two main points:
1. Our philosophy supports us to unswervingly innovate on this road. We firmly believe that Financial NFTs will become one of the mainstream assets of DeFi in the future, and Solv Vouchers will lead this trend, including the creation of a brand-new token standard, a bunch of application scenarios, a sufficient volume of Financial NFTs assets, and providing an efficient marketplace for these assets.
2.Solv vouchers is a kind of aggregate traffic product. Every project that we cooperate with will introduce traffics for our project, and finally, bring a huge amount of users for Solv. Taking DODO as an example, by helping DODO better manage the vesting tokens, DODO users, especially holders of dodo vesting vouchers, will pay attention to us and become one of the SOLV users.
Done, too many good questions! I have to leave enough time for @littletiger1 :)))

Cryptodiffer CommunityCryptodiffer Community

In relation to Solv Protocol, can you explain the concepts of "splitting" and "merging" of vNFTs? Finally, do individuals on Solv Protocol have the power to customize their own financial NFTs to have unique properties of their choice?

Ryan ChowRyan Chow

I found out this question is really good. Splitting means you can split a NFT into several fractions.

like this one could be splitted into 2 fractions as below

If you look at them carefully, you will found out that each fraction share the same vesting schedule but differnt balance right? When we hold a voucher which represent allocation, we would always have the need to split it for selling or transfering. If we adopt ERC721 to build this voucher, this one would not be spliitable, which quite inconvenient for all the stakeholders.

Ryan ChowRyan Chow

So we need this splitting function. And merging function means you can merge different vouchers which share the same vesting schedule into one. like you can merge the below vouchers into the above one.
And vesting tokens always come from the projects, so it's common for a project to customize a voucher. But in the future we would support people to lock-up their BTC or ETH and customize their own vesting schdule. Why prople need this? cuz we found out that there are many people are seeking a tool to help with locking the tokens in case of they sell them earlier than they planned
done:)
And finally, please allow me to explain how DODO vesting vouchers valuable.
As we know that when general high-quality projects find investors for OTC rounds(token are listed) of financing, they are often sold to investors at a discount of 20% -50% compare to the current Token price.
Even for the top investment institutions like coinbase ventures\pantera and etc.
In other words, the 50% discount provided by DODO actually treats the participants of this event as high-quality investors.
This was difficult to achieve in the past because the project could not sign thousands of SAFT agreements with thousans of users, which would cost a lot of time.
Now SOLV empower the projects to allows users to obtain opportunities like high-profile investors. 50% discount is quite fair i think.
That's all, thanks:)

Myko (CryptoDiffer)Myko (CryptoDiffer)

Thank you for the ama!
It was a pleasure to host it!

Ryan ChowRyan Chow

Please feel free to leave messages to our twitter or email, wecome your valuable suggestion! https://twitter.com/SolvProtocol

JordanJordan

Thanks for your time:)