CyberFi AMA Recap

CyberFi AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

CEO at CyberFi, Geralt

CEO at CyberFi, Geralt

Hi! Nice to meet you all!

Thank you for hosting CyberFi

CEO at CyberFi, Geralt

We’ve posted some great news yesterday an integration and our first strategic investors VC – had a lot of interesting price action of $CFi went from 700 holders to 1200! You can all check it out here if interested https://www.dextools.io/app/uniswap/pair-explorer/0x36938d1419b717c97ebdb273702806ca73f89a4c

Also, we have another good news for CryptoDiffer community! We’ve just announced Automation Ideas Contest! https://twitter.com/cyberfi_tech/status/1328730479504347136?s=21

And you guys have a first hand to submit your ideas here https://docs.google.com/forms/d/e/1FAIpQLSf_qGj7xTKakqjxfFv4gdH9i4rJ_LvIDrZfKJtCz8VsX9R8Gg/viewform?usp=sf_link

What CyberFi does is DeFi automation. We are automating so-called complex events. Structures and actions in DeFi akin to risk management that follow steps and are done automatically based on a certain Trigger. So in simple words->  IF THEN scenarios.

The easiest for of this would be a limit order on Uniswap

Trigger {When price of ETH reaches 500$} Action {Sell all ETH in my wallet for USDT}

A more advanced one would be auto-exiting from a Liquidity Mining/Farming Event

Trigger {When price of X token reaches 100$}

Action {1. LP Token Unstake from Farm

2. Remove Liquidity

3. Sell one of the tokens to the other (e.g. TokenX sell for ETH)}

Creating a risk management feature for DeFi users. The CyberFi platform will have a number of these automation scenarios breaking the MANUAL nature of the DeFi market and bringing in much more liquidity as users will finally have the ability to reduce risk.

CryptoDiffer team

Q1: Can you introduce yourself to our community ?

CEO at CyberFi, Geralt

I’ve been in crypto since 2017, working on many different DeFi products starting from Oracless to Cross-chain Exchanges. Lead large team in development of DeFi and private blockchain solution. Have a financial background and before crypto was focused on my own startups. With CyberFi we have a great team of experts and it’s kind of a culmination of our experience working on dozens of projects.

CryptoDiffer team

Q2: Can you briefly tell us what is CyberFi in 3-5 sentences?

CEO at CyberFi, Geralt

CyberFi is an Automation Platform enhancing the  DeFi space, making the management, risk-mitigation and trading easier for the mainstream users and much more interesting for advanced users. It’s like a layer on top of the DeFi application we see today and through this layer users have the ability to automate their activity. The goal is to destroy the manual nature of DeFI bringing a wide range of problems.

DeFi is awesome, but the UX is bad, really bad. These problems are inherent to non-custodial applications. CyberFi is here to change that and introduce a variety of new functionality previously unseen in the space.

I guess or marketing pitch is this. With CyberFi, you don’t need to watch Uniswap 24/7 anymore, automate your actions in DeFi with CyberFi, first ever product to automate Yield Farming exit based on price changes.

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

CEO at CyberFi, Geralt

Oh we’ve done a lot in a pretty short period of time 

2 rounds were raised in just 8 days and we were oversubed

We listed last Friday – $CFi went 10x and stopped at 2.5$

Yesterday we’ve released our WP, announced new long term integration with TrustSwap and our first VC Strategic Partner and Investor Magnus Capital. We are now at 1200 Holders and community is growing rapidly

Upcoming events – a Development update in the next 7 days and Beta by the end of this month. Alpha only available privately

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

Who else is on your team besides those listed on the site?

CEO at CyberFi, Geralt

Our 4 devs, 1 designer, 1 product manager, 2 non-public advisors and team growing!

Cryptodiffer Community

Your goal is to become the “to-go” platform in DeFi for institutional as well as retail users. What mechanism have you put in place to help mitigate the risks of participating in Defi so as to boost confidence of investors?

CEO at CyberFi, Geralt

Automation, multiple strategies to mitigate risks participating in Liquidity Mining, Yield Farming as well as in just holding LP tokens and tokens that are traded on Uniswap

Cryptodiffer Community

Cyberfi locked $300k worth of liquidity. This is impressive, why locking such a huge amount? Was this done to show how committed you guys are to the success and development of the project?

CEO at CyberFi, Geralt

Exactly, additionally, it allows us to have one of the most healthy markets in all of DeFi in terms of small-cap projects which we are very proud of. No many projects have a 800k$ liquidity when their market cap is less than 2m$

Cryptodiffer Community

You allocated 50,000 CFi for the Transaction Mining Program. can you explain how it works and does it mean that we mine tokens all the time while doing transactions of the tokens or provide liquidity?

CEO at CyberFi, Geralt

In our case Transaction Mining means that users of CyberFi platform will get rewarded by just participating. And will be split between those making TXs through CyberFi.

Cryptodiffer Community

What does CyberFi see as the biggest barrier preventing DeFi assets in particular from gaining widespread adoption?

CEO at CyberFi, Geralt

Illiquidity, lack of risk mitigation, manual nature of DeFi, rug pulls, information barriers and information asymmetry – we are working on solving most of these.

CEO at CyberFi, Geralt

Thanks for the questions guys.

Guys don’t forget to participate!

Cryptodiffer TEAM

Thanks for your time!

Thank you for your questions, everyone! 

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CryptoDiffer Admin
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