DeFipie AMA Recap

DeFiPie AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

Aleksei Kopievskii, CEO and Co-founder of DeFiPie

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

Hello, everyone!

CryptoDiffer team

Can you introduce yourself to our community ?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

My name is Aleksei, I’m CEO and co-founder of DeFiPie. I’m developer since 2012 and tech entrepreneur since 2017. Before DeFiPie I worked as a developer and founder of few startups such as Rina Solutions (closed due to problems with regulation) and AskBrains (currently closed).

DeFiPie is all-in-one app in DeFi world, like the Uber for decentralised world. LaaS, LPaaS, SaaS in one platform. We already closed seed round and private sales. PIE is tradable on Uniswap, Bibox, Hotbit and 2 hours ago we’re launched mainnet on Ethereum network

CryptoDiffer team

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

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

So, 1st and our main goal for 2020 was mainnet launching 

From today we’ll focus on TVL grow. As I mentioned before, we already have agreements with liquidity providers, who will make initial deposits and create pools for erc-20 assets. But due to Xmas days I guess this process will take a little bit more days to see uptrend in TVL

Once we’ll onboard all our existing partners – we’ll start working on crosschain integration.

And a lot of marketing, of course

Few days to educate users to use our platform – and you’ll see awesome results

Also we’re waiting for additional security audit of our smart contracts, which will come in 1st half of January 2021

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

3 staking pools are available on DEFIPIE where stakers can choose,. What incentives does each staking pool have and how can we choose the best staking pools?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

I guess you mentioned Ferrum staking pools. But they already filled and closed.

Now you can deposit PIE in our platform, it will be something like staking & yield farming with up to 118% in APY. (Also not just PIE)

Now APY depends on total loans amount

Cryptodiffer Community

What are the requirements for adding a token to the liquidity pool? Does the community make a decision to include and remove tokens?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

There are 2 general rules to create pool: token should have trading pair on Uniswap and have proper liquidity.

Anybody can create pool and add new token, there is no restrictions. But, for example, if listed project will be mentioned as scam, this pool/token can be remover from platform by governance community voting

I’ll chose one more question from this round

Cryptodiffer Community

DeFiPIE runs on the Ethereum blockchain. Are you considering enabling cross-chain functionality on layer 2 for multiple blockchains? 

There is a lot of scam in the DEFI space. How does DeFiPIE protect against spam and fraudulent tokens when added to liquidity pools?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

Some part of this question already covered by previous answer. Let me reply regarding 1st part of question.

Yes, and not just considering. Already considered. We’ll start working on crosschain integration from first days of January 2021 and planning to implement everything on Polkadot.

Cryptodiffer Community

As a decentralized lending protocol , How do you deal with algorithmic credit risk protocol with legacy classical services? Where are my deposited funds stored? How can I withdraw my funds ? Is there any fee or deduction to unlock assets before the lock period?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

Credit risk protocol is fully automated and programable. This value depends on helath factor, total amount of deposits and how much money users already borrowed. It’s really difficult to provide exact answer

Your deposited funds are SAFU

Everything stored by smart contracts. There is no lock period, you can deposit and withdraw funds any time from DeFiPie platform. Just go through personal dashboard of our application. Soon we’ll make tutorial how to use all functions of our platform.

Cryptodiffer Community

The ease of use of the DEFI platform is key to mainstream use. How friendly is the DeFi PIE interface for beginners? Is working on a user-friendly interface your top priority?

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

Yes, making user-friendly interface was our main priority. But, you know, you’re working with cryptocurrencies and we couldn’t get around of some processes, like “Aproove” and “Sing TX”. We did our best in case of UX/UI and I hope you’ll find it really useful. Also, we’ll happy to receive any feedback regarding improvements in UI. So, please, do not hesistate, join to our comminuty and provide your feedbacks.

CEO and Co-founder of DeFiPie, Aleksei Kopievskii

Please, suscribe to our official DeFiPie community: https://t.me/defipie

Cryptodiffer TEAM

Thank you for you answers, it was an insighfull session

Thank you everyone who participated, great questions as always!

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