At 7 pm on April 2, 2021, BlockSwap COO Scott visited the Uniswap Chinese community, hosted by Jimm, the chief analyst of the Uniswap Chinese community, and brought "See how BlockSwap Network obtains stable PoS asset mortgage rights"Themed AMA event, this live broadcast event is supported by BlockArk, ChainNews, Odaily, Block Beats, Encryption Pavilion media support, live sharing content is organized as follows:
Jimmi：Hello everyone, welcome to today's AMA held by BlockArk in the Uniswap Chinese community. I am today's host Jimmi, the chief project analyst of the Uniswap Chinese community. At the same time, thanks to BlockArk, , Lianwen, Block Rhythm, and Encryption Pavilion for their support of this event.
BlockArk is an investment bank and marketing agency in the encrypted asset industry. It manages ArkStream Capital, a primary and secondary fund focused on cryptocurrency. BlockArk integrates investment, branding, market growth, and strategic consulting, and is committed to promoting the growth of Web3.0 unicorns.
The theme of today's AMA is "See how BlockSwap Network obtains stable PoS asset mortgage rights". The guest is Scott, the founder and CEO of BlockSwap. Welcome Scott to the Uniswap Chinese community. Welcome! Scott!
Scott：Hello everyone pleased to be here and meet you all!
Hello everyone, it's a pleasure to be here to meet you all!
Scott - COO / Commercial Lead of BlockSwap
Prev Director of Global Business Development at Wanchain Foundation and later Build and lead WeWork Blockchain incubator.
Scott - COO/Head of Business at BlockSwap
Director of Global Business Development of Wanchain Foundation, later created and led the WeWork blockchain incubator.
Matt is here also.Welcome to Chinese uniswap community.
Matt is here too, welcome to the Uniswap Chinese community.
Matt：Hi every, myself Matt project lead of blockswap. I am a Blockchain architect who specialized in cross-chain, PoS architecture. previously headed the multi-chain asset tracking network DSCAN and Social money platform Woolah before Blockswap.
Hello everyone, I'm Matt, the BlockSwap project lead. I am a blockchain architect, specializing in cross-chain, PoS architecture. Before BlockSwap, he was responsible for the multi-chain asset tracking network DSCAN and the social currency platform Woolah.
Jimmi: Today's AMA event is divided into two stages. The first stage is the theme question and answer. I will ask 9 prepared questions in the form of one question and one answer. After the 9 questions are over, it will enter the second stage, free question and answer. Group friends can freely ask guests questions, and guests are free to choose 4-5 questions to answer.
The first part of our AMA is now officially started~
Jimmi：Hello Scott, before the AMA, would you please introduce the team members and what Blockswap does? What kind of problem was the original intention of creating Blockswap to solve?
Hi Scott, before the AMA starts, could you please introduce the team members and what Blockswap does? What kind of problems did the original intention of creating Blockswap solve?
Matt：We are a team of 6 members spread across Western hemisphere.
Our team has a total of 6 team members, and the team members span the western hemisphere.
Blockswap Network is on a mission to onboard everyday user to PoS chain by giving a stable yield for them. We are focused on mainstram adoption of DeFi connecting it with outside world. Opensaver is our key product to make this happen.
The vision of the Blockswap network is to ship everyday users to the PoS chain, giving them a stable yield. We focus on connecting with the outside world through mainstream DeFi. Opensaver is our key product in making this happen.
Scott：Building an Immutable protocol bringing fixed income products to PoS chains. Using PoS and staking as the mechanism to trustlessly redistribute wealth.
Build an immutable protocol to introduce fixed income products to the PoS chain. Using PoS and staking as a mechanism to redistribute wealth without trust.
Matt：OPen Saver is a Universal Basic Saving that enables anyone to earn 7% USD yield from their native currency without going through any additoinal hurdles in crypto. We make sure the yield is perpetual by backing it with a PoS asset colleteral onchain.
open saver is a universal basic savings that enables anyone to earn a 7% yield without going through any other crypto assets. We ensure that the source of income is permanently backed PoS assets.
Jimmi：There are now many agricultural income pools with high yields, many of which have annualized yields exceeding 2000%. This also attracts a large number of users to participate. Compared with these ultra-high APY agricultures, what is advantage of the fixed yield ? Who is its main Users? What is the necessity of its existence?
Now there are many agricultural income pools with high yields, and many annualized yields exceed 2000%, which also attracts a large number of users to participate. Compared with these ultra-high APY agriculture, what are the advantages of fixed yields? ? Who is its main audience? What is the need for its existence?
Matt：Defi is currently an echochamber to only a few thousand users, and driven by less than a hundred whales in terms of Yield opportunities. We are focused on native yield asset that has enough longevity to protect users' wealth in the long term. All 2000% yields advertised are very misleading and only exist for a few days. Saver is more focused on onboarding mainstream users into DeFi and the Real world. It states OpenSaver which means open for everyone globally to interact and save their wealth onchain for any period.
Currently, DeFi has only a few thousand users and is less driven by a hundred whales in terms of yield opportunities. We focus on native yield assets with sufficient longevity to protect users' wealth in the long run. All the advertised 2000% yields are extremely misleading and only exist for a few days. Saver is more focused on bringing mainstream users to DeFi and the Real World. OpenSaver enables everyone in the world to interact and save their wealth on the chain at any time.
Scott：Defi TVL has grown by over 40x in the past 12 months and we have seen a flux of different protocol tokens incentivising short term, super high rate yields. However until now no one has been able to offer a long term, fixed rate and sustainable savings product.
Defi TVL has grown by 40 times in the past 12 months, and we have seen the flow of different protocol tokens incentivize short-term, ultra-high interest rate yields. To date, however, no one has been able to offer long-term, fixed-rate, and sustainable savings products.
Matt：Current farming yieds are unsustainable and only last for few weeks not mention the risk associated with it. OpenSaver is a fixed Income Protocol.
The current agricultural production is unsustainable and there is no mention of the risks associated with it for only a few weeks. OpenSaver is a fixed income protocol.
Scott：We are focused on brining Sustainable Savings Markets.
We specialize in sustainable savings markets.
Jimmi：Fixed income is indeed very important compared to large funds and people who want to stabilize their financial management. Fixed interest rates are also an important factor in the stability of the DeFi market. How does OpenSaver maintain APY at 7%? Can you explain the principle of OpenSaver?
Fixed income is indeed very important for people with large funds and stable financial management. Fixed interest rate is also an important factor for the stability of the DeFi market. How does OpenSaver keep its APY at 7%? Can you explain the principle of OpenSaver?
Matt：OpenSaver is new architecture from ground up for a sustainable saving market for mainstream. Every asset in OpenSaver ecosystem will have fixed native yield. In this case SaverUSD has 7% which comes from a Bonded PoS Asset collateral backing that deposit. The Market has an opportunity to bond the SaverUSD deposit with the PoS Asset keeping 150% collateral ratio and go long on PoS asset value getting a Balanced Exposure. OpenSaver smart contract will make sure the assets are maintained with this collateralization ratio.
OpenSaver is a brand new architecture designed to power the mainstream sustainable savings market. Every asset in the OpenSaver ecosystem will have a fixed income. In this case, SaverUSD is 7% funded by the deposit’s PoS asset collateral. The market has an opportunity to collateralize SaverUSD deposits with PoS assets maintaining a 150% collateral ratio, and to go long the value of PoS assets for balanced exposure. The OpenSaver smart contract will ensure that assets are maintained at this collateralization rate.
Jimmi：The collateralized asset of your income pool is the L1 token on the POS public chain, but if the L1 token itself depreciates, can it still guarantee a 7% fixed income?
The asset mortgaged by Blockswap’s income pool is the L1 token on the POS public chain, but if the L1 token itself depreciates, can it still guarantee a 7% fixed income?
Scott：Yes we still guarantee, firstly we are being selective on what PoS chains we choose where these needs large amounts of liquidity. In the case the PoS assets drop in value the Saver Bond market in our system creates an arbitrage opportunity to buy up the Saver Bonds. Large assets managers are very use to this process.
Yes, we still guarantee that, first of all, we are picking the PoS chain of our choice, and these require a lot of liquidity. The savers bond market in our system creates an arbitrage opportunity to buy savers bonds in the event of PoS asset depreciation. Large asset managers are very accustomed to this process.
Matt：The underlying PoS asset are tokenized in to two tokens that provide further buffer taking all volatality in price.
The underlying PoS asset is split into two tokens which provide a further cushion against all fluctuations in price.
Tokenized PoS asset comes to Open Saver are classified in tow categories. liquid staked asset and tradeable traches of yield bonds. this mixture is making Open Saver all weather by Market to take a direct exposure to PoS asset staking yield on simple token pourchase.
Tokenized PoS assets entering Open Saver fall into the following two categories. Liquid mortgage assets and tradable yield bonds. This hybrid enables Open Saver to trade through the Market 24/7, allowing it to directly assume the collateralized income of PoS assets through simple token purchases.
Jimmi：Blockswap has developed very rapidly since its launch. Can you tell us about the recent progress? I saw in the blog on March 19 that you released the CommunityNet token ($CN). Can you explain the role of $CN for us? And how do we get $CN tokens? What is the difference between $CN and the mainnet token $BSN ?
Blockswap has developed very rapidly since its launch, can you tell us about the recent progress? I saw in your blog on March 19 that you released the CommunityNet token ($CN), can you explain the role of $CN for us? And how do we get $CN tokens? What is the difference between $CN and $BSN mainnet tokens?
Scott：We are launching our ETH2 CommunityNet (CN) through a protocol market fit exercise which is going live in April.
We launch the ETH2 CommunityNet (CN) via Protocol Marketplace, which will go live in April.
The CN shall launch a unique token incentive scheme bootstrapping our genesis community.
~250,000,000 tokens will be distributed through a incentivized CN phase across 5 months. Through an interactive, gamifyed experience on TG and later Discord.
For full details of the CommunityNet and Token please see the full post here:
https://blog.blockswap.network/incentivized-communitynet-with-fair-token-launch-66f8925d81d9
CN will launch a unique token incentive program to bootstrap our founding community.
About 250,000,000 tokens will be distributed within 5 months through the incentive CN phase. Through an interactive gamification experience on TG and later on Discord.
For full details on CommunityNet and the Token, see the full article here:
https://blog.blockswap.network/incentivized-communitynet-with-fair-token-launch-66f8925d81d9
All Community Tokens are redeemable 1:1 with Mainnet tokens going live in August.
All community tokens can be exchanged 1:1, and the main network token will be launched in August.
Jimmi：What are the mortgage assets currently supported by Blockswap? Will it support other PoS L1 tokens in the future? Such as $DOT, $ADA.
What mortgage assets are currently supported by Blockswap? Will other PoS L1 tokens be supported in the future? Such as $DOT, $ADA.
Scott：CommuntiyNet - ETH2 + Algorand
*BlockSwap is part of the Algorand EU Accelerator
https://algorand.foundation/news/accelerator-europeLaunching Open Saver - Universal Basic Savings Account Scheme
Next Chains ($DOT, $ADA)
Community Network-ETH2 + Algorand
* BlockSwap is part of the Algorand EU Accelerator
https://algorand.foundation/news/accelerator-europe Launch OpenSaver - Universal Basic Savings Account Plan
Next chain ($DOT, $ADA)"
Matt：ETH2 will the first. ALGO be avaialable in 2 months and then DOT and ADA.
ETH2 will be the first public chain launched. ALGO available within 2 months, followed by DOT and ADA.
Jimmi：Regarding the construction of Blcokswap products, will Blockswap have any other functions besides the mortgage income function in the future? Such as lending, exchange, cross-chain?
For Blockswap products, will Blockswap launch any other functions besides the mortgage income function in the future? Such as lending, exchange, cross-chain?
Matt：we will have more fixed income suites of products like structured secondary market for Pos assets.
We will have more fixed income product suites, such as a structured secondary market for Pos assets.
Scott：We are also publishing a series of articles explaining our Automated Asset Market Maker (AAM) later as well. This users can also try in the CommunityNet.
We will also publish a series of articles in the future explaining our Automated Asset Market Maker (AAM). Users can also try it in CommunityNet.
Jimmi：What is the current governance model of Blcokswap? Will governance tokens be launched in the future? Or will governance functions be empowered to $BSN?
What is the current governance model of Blcokswap? Will governance tokens be launched in the future? Or will the governance function be directly empowered to $BSN?
Scott：The governance shall be completely with the community. We shall launching mainnet on DAO governance model by end of this year.
Governance should be entirely the responsibility of the community. We will launch the mainnet based on the DAO governance model by the end of this year.
Matt：We take decentralized goverance with paramount importance, one of the key reason of communitynet is to ensure sufficient users will be partaking the governance process of network.
We take decentralized governance very seriously, and one of the main reasons for Communitynet is to ensure that enough users participate in the governance process of the network.
Jimmi：Thanks to Scott and Matt for their wonderful sharing, our first phase of Q&A has come to an end, and then we will enter the free Q&A phase. Group friends can freely ask guests questions, and guests are free to choose 4-5 questions to answer.
【Free question and answer session】
Q: What are your advantages over other Pos fixed-income projects?
What are your advantages over other projects that do Pos fixed income?
Matt：There arent there in fixed income products suites apart from big Centralized players Index funds like greyscale. Ours is fully permissionless and onchain so everycan access. Also it fully non-custodial funds are always SAFU.
These aren't found in other fixed income portfolios, except in concentrated index funds like Greyscale. Ours is fully permissioned and on-chain, so everyone can access it. Also, its completely non-custodial funds always SAFU.
Q: What are the Pos assets that can be used on Blockswap that can be used now?
What are the Pos assets that can be used on Blockswap that can be used now?
Matt：ETH2, ALGO, DOT, ADA
Scott：The BSN CommunityNet token shall be used for the first 5 months. Traded on uniswap and later pancake/Sushi. Mainnet - ETH and Algo Assets then ADA and DOT.
BSN Community Network tokens should be ready for use within the first 5 months. Trade on uniswap and then trade on pancake/sushi. Mainnet - ETH and Algo assets then ADA and DOT.
Q: Would you like to ask what are the advantages of your AMM over its AMM? What tokens can be traded?
Would like to ask what advantages your AMM has over other AMMs? Which tokens can be traded?
Matt：Ours is an Automate Asset Market Maker which will enable illiquid tokens such as staked tokens to be avaialble for market to provision liquidity.
Ours is an automated asset market maker that will enable illiquid tokens such as share tokens to provide liquidity to the market.
Q: How is Blockswap's global promotion plan progressing? , Where are most of the current users? What is the strategic layout of Blockswap in the Chinese market?
How is the global promotion plan of Blockswap going? Where are most of the current users located? What is the strategic layout of Blockswap in the Chinese market?
Scott：Full marketing team and KOLs starting. We had media in Chain news and more coming soon. We have BlockSwap official WeChat channel.
We just started a full marketing team and KOL started. We have news on the media chain and more to come. We have BlockSwap official WeChat channel.
Q: Have you announced your backers?
Has your sponsor been announced?
Matt：https://www.chainnews.com/news/304864378860.htm
Q: Why not directly list the BSN mainnet tokens, but the CN tokens first?
Why not directly list BSN mainnet tokens, but first list CN tokens?
Scott：We want to stress test the protocol in a safe environment allowing users to earn tokens with no risk of loss of funds.
We want to stress test the protocol in a safe environment that allows users to earn tokens without the risk of losing their funds.
Or Follow BlockSwap WeChat：Blockswap666
Welcome to add our WeChat: Blockswap666
Jimmi：As part of the CommunityNet we are excited to give BlockArk AMA participates here access to join the CommunityNet by completing the Google Form.
Users shall receive an exclusive NFT giving them permission access to join.
https://forms.gle/qfDcBk45RBGt2jH26
The form shall remain open for 30mins after the AMA ends.
Follow BlockSwap TG for updates - CommunityNet is going to be very exciting!
As part of Community Net, we are excited to allow Block Ark AMA participants to join Communication Net here by completing the Google form.
Users will receive an exclusive NFT allowing them to join.
https://forms.gle/qfDcBk45RBGt2jH26
The table should remain open for 30 minutes after the AMA ends.
Follow updates on BlockSwapTG - the community net will be very exciting!
Jimmi：The benefits are here, only 30 minutes, everyone hurry to pick up the airdrop! Okay, today's AMA is over here, thanks again to Scott and Matts for their wonderful sharing.
In the future, we will bring you more high-quality projects and content sharing, just keep paying attention to the Uniswap Chinese community, or pay attention to@Uniswap Chinese Community Weibo, you can get relevant information at the first time. The content review of this AMA will also be published on Weibo and major media platforms, so stay tuned!
*Note: This article is only for research discussion and information sharing, not as investment advice.
*Note: This article is only for research discussion and information sharing, not as investment advice.
