23 Dec 202104:51
Sentre AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
Tu Phan, Founder of Sentre
Tu PhanHi everyone
thank for having me here today
so exciting to join this AMA
Myko (CryptoDiffer)Welcome, Tu!
nice to e-meet you
lets start with some introduction
Q1: Can you briefly tell us what is Sentre?
Sentre is an OPEN liquidity protocol built on Solana
Our vision is to create an All-in-One Solana Open Platform with DApps Store and Universal Protocol for Liquidity; altogether become a Safe Haven for DeFi developers and users. Sentre includes:
1. SenOS - The Open Platform for DApps: Developers and Partners can ship DApps through Sen Store, fully access to available resources, and contribute to the platform permissionlessly.
2. SenSwap - The Liquidity Accumulator: A Solana-based AMM with a user-friendly interface and various tech-advanced features
Myko (CryptoDiffer)Superb! let’s move on
Q2: What makes Sentre different from others and what can be compared in valuation?
Tu PhanI think it can be described by the words “Programibility vs Openess”
I may divide the current market into two segments:
One is a programmable environment and the other is an OPEN environment
In a programmable environment, you, the community, can develop DApps on top of other platforms. But you’ll never be a native function on them. You also have to find liquidity, do marketing stuff, call fundraising if needed, pay a lot of services to run your DApps. And all seem too expensive and impossible for individuals or small teams.
The open environment is different when you have a full access to the current resources, and are able to contribute to the mother platform without any restriction. By these explanations, I think most platforms now are programmable ones while Sentre is open and don’t have and direct competitor.
Myko (CryptoDiffer)Okie, i see
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Tu PhanUp till now, we have released libraries for Solana developer community, launched Sentre Devnet, SenSwap, and SenFarming on our Devnet which received so much attention, support, and feedback from our users - Sentizens. You can join and explore our Devnet here: https://dev.sentre.io/
Within the next few weeks, we will have a MEGA Launch with Sentre on mainnet including SenSwap, Sen Farming, and Sen Staking as one of the biggest steps in our journey. Along with that will be the official Token Launching that promise to be extremely potential and interesting!
Please stay tuned for that! Furthermore, in the future, other features on the horizon: Lending & Borrowing, Insurance, NFT will be developed and available on Sentre
Q4: Can you talk more about the Launching Event?
Tu PhanSentre will do a fair launch, based on a variant of Balancer Liquidity Bootstrapping Pool, on Sentre platform in December. It’s will be the fair distribution launch (no one can manipulate, no random/whitelist)
And you guys have to do the KYC to join the launching event. It helps to strictly control and legally ensure the fair distribution. And fews days later, we will launch mainnet with Senswap, Farming and Staking.
A small hint is that there will be an extremely attractive APY for this release. 😉
We will announce details this week, so please follow our social media channel to get the latest news.
Cryptodiffer CommunityI had a first hand experience of the SENTRE Devnet and it was really cool exploring the Devnet. However, I came across a game known as PokaDex on the Senstore. Is this already an indication that Sentre will consider games and NFTs on its platform in the nearest future? If yes, which platform will you be partnering with on that? And can you tell us some of the features of the PokaDex?
Tu PhanCool! It’s something beyond our vision in short term. However, it’s possible in long term when I personally have a lot of connection with NFT, and play-to-earn projects
Hope we can bring that area on our platform in the near future
Cryptodiffer Community1) I became a sentizen through this ama post. But, Sincerely speaking many LPs platforms I came across always have the problem of too many technical barriers which often lead to high exchange fees. What are the disruptive solutions sentre is bringing onboard to solve these issue? Any plans for cross-chain liquidity in the near future to increase users and utilities?
2) Recently, LPs platform have also become a victim of constant attacks. What's the reassurance you'd give us that your platform is secured, audited and transparent?
Tu PhanWe’re confident to build a super friendly UI for all our services on the platform. About the cross-chain liquidity, We’ve already successfully integrated Wormhole v2 on testnet that means we’re about ot support Wormhole v2 natively on Sentre platform
Cryptodiffer CommunityWill it be possible to earn returns by staking with the SEN token? How will we earn income from staking with $SEN? How do we generate passive income from our tokens?
Tu PhanStaking is one of three main mechanisms in the launch. So yes, it will.
Cryptodiffer CommunityI see SENTRE is built on a single network i.e. SOLANA, Are you planning to expand to other networks like BSC or Polygon?
Tu PhanFor now, we don’t. But it seems an exciting idea. We will consider that.
Cryptodiffer CommunityHi! @sontu
I use Raydium already for a while. So, what are the main plans of Sentre to get users who are already using Raydium or Bonfina. What extra and better can Sentre offer to users so they will choose Sentre over others?
Tu PhanRaydium is a CLOB-based DEX and it has its owned pros and cons. SenSwap is an AMM-based DEX and it targets to exotic pools and crosschain liquidity which are our advantages.
@mykocryptodiffer 5 ques is good to me.
Tu PhanOnce again, thank you for this opportunity to share about Sentre platform.
Have a nice day all