01 Sep 202014:08
Moar AMA Recap
Maks (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
John Liu, project lead at MOAR
John Liuhello everyone!
great to be here again with such great folks~
Maks (CryptoDiffer)Welcome John, thank you for taking your time today!
Our team has prepared 3 questions for you to start with!
Let`s start with the introduction !
Q1: Can you introduce yourself to our community?
John LiuI am John, project lead for MOAR. 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.
For the last 3 years I have been “full-on” in blockchain, leading product organizations and strategy at public protocols like Fusion, and advising various digital asset startups.
I've served as Head of Fusion BD and Product, and CPO of UNION (still am helping there!), among others.
Maks (CryptoDiffer)Thank you John for the introduction!
Let's now talk more about your current project MOAR
Q2: Can you introduce MOAR to us?
John LiuMOAR is the first-of-its-kind, derivative-aware, capital-efficient lending platform.
MOAR brings the best of TradFi instruments such as options and interest rate swaps into the DeFi world, increasing capital efficiency of DeFi's assets.
MOAR stands for Multi-asset Optimized Automatic Return
multiple currencies and multiple derivatives.
Capital efficient borrowing power and low gas costs
Multiple protocols in one place, and easy to use for the mass consumer.
Safe and attractive returns from across all DeFi options
Maks (CryptoDiffer)Perfect! Thanks for an answer
The last one from our team before we start community round of questions!
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
John LiuPerfect timing for this question.
Yesterday, we released our Testnet at https://test.moardefi.finance
Huge milestone and next 2 weeks, we will announce plans on open beta testing.
This Testnet has the vanilla lending options AND fully integrated one-click buying of C-OP, UNION's collateral optimization product which allows borrowers to get 100% borrowing power from deposited ETH - as opposed to say 70% in other platforms.
No crazy use of leverage involved. Just the underlying ETH asset, hedged with a Put option derivative. This is a standard TradFi approach, and we're happy to bring it to DeFI.
We expect audits to begin in mid-may and Mainnet launch as soon as those are complete.
Meanwhile, we'll be moving on to building interest rate swaps and fixed term deposits, as per our roadmap. Both those are important DeFi primitives for DeFi 2.0.
Cryptodiffer Community"About the topic of capital efficiency"
How did MOAR chose to approach it with a derivative-first solution, and the maturity of the product?
There are many many lending platforms—but
In my observation
You we're the first that I know of which is derivative aware and focused on capital efficiency
Are you agree with this?
John LiuYes, we believe we're the first to tie in derivatives with the underlying assets to bring TradFi -like financial sophistication, as far as utilizing financial instruments, to DeFi.
Cryptodiffer CommunityWhat is the new evolution of DeFi and what types of DeFi services are worth investing in? What do you think the reason is? How can I assess whether a DeFi project is worth participating in?
John LiuDeFi is now entering the stage of mass adoption, the same way that the majors like Bitcoin started entering mass adoption in late 2019 - usability increased through consumer-friendly wallets (for example), lowering adoption barriers for the every day user.
DeFi with lending at the forefront, has much more functionality than Bitcoin - and wrapping all these benefits into an easy-to-use interface will be important to grow DeFi another 10x.
At the same time, DeFi financial sophistication will continue to increase as well, catching up with TradFi.
We believe services like MOAR, which address both these channels of DeFi evolution, will be excellent projects to support.
Cryptodiffer CommunityDon’t you think old and new blockchain projects promise or offer the same things to users, customers, companies?
John LiuYes and no. In any industry, companies compete offering same/similar services. Zoom, Webex, Google Meet, Uberconferece — all these offer the same service—videoconferencing.
However, each has their own twist that makes things slightly better for certain users.
Likewise, DeFi is the same. Ultimately, the industry benefits as each protocol continuously innovates and learns from each other.
Cryptodiffer CommunityIn this #Moar project! On what basis are you confident that MOAR can link systems: Polkadot, BSC, and more? When is it going to be in 2021 or a few years from now?
John LiuOn the basis that the technology behind these protocols are now well-tested and used. It's the perfect time to build as the ecosystem (TVL, users) and technology grows.
Many other projects are porting or have successfully ported over into these robust chains from Ethereum and we are confident we can do the same.
Cryptodiffer Communityso is the 10 million tokens the hard cap or will more be released? the website sayd MOAR tokens till be used as staking rewards
John LiuHard cap. There is no mint function in MOAR.
All the considerations of staking and other ecosystem growth incentives have been considered and transparently shared in our trustwap flashlaunch
I see some general questions on MOAR <-> Union.
UNION is focused on building protection products. Think of them as Intel, a chipmaker.
MOAR is focused on lending, and uses UNION's product as part of its arsenal to create the best lending experience for users. Think of MOAR as a PC maker, using Intel's Chip.
The relationship is symbiotic!
I think we're good here