AMA Recap crypto library with Arc Finance
On 20th November 2021, Arc Finance conducted an
AMA in the Crypto Library Community. Our guest is Bella. Lots of
questions as usual from the Community about Arc Finance progress. The Arc Finance team
took part in a very interesting AMA session which included
introductions, questions from twitter, and a live AMA session with the
Crypto Library community. If you missed the AMA in person, read this
recap for a deeper insight into Arc Finance.
Let’s take a look at the most interesting points of our conversation.
INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
Bella (Arc Finance) : My name is Bella, the MD of Arc Finance. I've had the pleasure of getting the opportunity to work with the Arc Finance for 6 months now. Before joining this amazing team, I’ve been working in the crypto field since 2017 and experienced so much interesting crypto projects.
There are already a lot of DEXs in the market nowadays, but very few of them really have their own innovative value.In April this year, when I got the team's idea to develop the Arc Finance DEX, I thought like it, it’s pioneering, because liquidity premium mining based on AUM would allow users to get a higher return! It's something that makes a lot of sense, because the success of the crypto world is not only about technology, but also about innovative ways to play with finance, so I'm happy to join the team!
FIRST SEGMENT (HOST)Crypto Library Team : What is Arc Finance? and What's the vision that your project is trying to achieve?
Bella (Arc Finance) : Arc Finance is a DEX AUM algorithm supported DEX built on BSC (Binance Smart Chain). The system opens the liquidity premium pool (LPP) to capture the ecological value of Trade to Earn for all users. I’ld like to share the onepager and refresher of Arc Finance for your to have a better understanding.
Projects are able to create token trading pairs by opening a liquidity premium mining pool in Arc Finance. Liquidity premium value are generated as users trade. The captured liquidity premium value by tokenomics and provide users and projects with the feedbacks.
As for our vision, we are dedicated to building a DeFi 2.0 liquidity as a Service (LaaS) tokenomics facility, which creates a liquidity premium value by encouraging users' positive behaviors through premium mining pool protocols. Then our Arc Finance system will capture the premium value to activate the tokenomics ecology
Crypto Library Team : What are the special and innovative features does Arc Finance want to offer??
Bella (Arc Finance) : We are still a 'little baby". Arc Finance's uniqueness lies in its revenue model for users, that’s 'trading to earn and get liquidity liquidity’. Let me share our tokenomic graph:
The main features of the project are the mechanisms, including 5 aspects:
1) AUM Mechanism
AUM stands for automatic unlocking mining. The algorithm automatically adjusts the speed of r-Tokens unlocking, so that users can get higher APY benefits at the same cost.
The project Token deposited by a user into a third party is minted at a ratio of 1:1 into r-Tokens, which needs to be unlocked to become a freely circulating Token. The AUM algorithm is a simple and direct new algorithm that adopts the user’s transaction activity as the benchmark to unlock and release the locked r-Tokens.
The basic rule is that the more frequent the transaction, the more r-Tokens can be unlocked. Meanwhile, in the transaction process, additional platform tokens will be given by the platform to reward users for their positive behaviors on the platform.
AUM stands for automatic unlocking mining. The algorithm automatically adjusts the speed of r-Tokens unlocking, so that users can get higher APY benefits at the same cost.
The project Token deposited by a user into a third party is minted at a ratio of 1:1 into r-Tokens, which needs to be unlocked to become a freely circulating Token. The AUM algorithm is a simple and direct new algorithm that adopts the user’s transaction activity as the benchmark to unlock and release the locked r-Tokens.
The basic rule is that the more frequent the transaction, the more r-Tokens can be unlocked. Meanwhile, in the transaction process, additional platform tokens will be given by the platform to reward users for their positive behaviors on the platform.
Feature 2) Timelock mechanism
A timelock is a piece of code that is used to lock up certain functions of a smart contract, so that a time period can be set for the realization of the function. In the blockchain, the function of transferring funds from the contract is usually locked by a timelock
Feature 3) Fragmentation - multiple-chain network
Currently, many different tokens are operating on public chains such as ETH, BSC, Flow, and SOL. It is difficult for such assets on different chains to achieve liquidity interaction. Therefore, there is a multi-chain heterogeneous underlier to achieve this compatibility and a wide range of integration.
The heterogeneous sharding function can realize the application scenarios that simultaneously support multi-chain, cross-chain, and asset interaction. Heterogeneous sharding protocol aims to solve the linking problem between multiple chains, (e.g., public chains and chains for specific application), so that cross-chain transactions can be easily achieved within the Arc Finance ecosystem.
Feature 4) Tower BFT
PBFT=, the PoH optimized version of BFT( Byzantine Fault Tolerance). BFT is a method of mitigating malign behaviors in distributed systems. Tower BFT enables the network to reach consensus by enforcing a universal time source called proof of history (PoH). This creates a permanent reference for all nodes of the network.
Tower BFT can ensure the correct operation and profit distribution of community nodes in Arc Finance that has heterogeneous multi-chains, as well as the smoothness of system judgment. The schedule of the "community node timetable" must be calculated early before the nodes it allocates so that the ledger status it uses to calculate the schedule can be finalized.
Tower BFT can ensure the correct operation and profit distribution of community nodes in Arc Finance that has heterogeneous multi-chains, as well as the smoothness of system judgment. The schedule of the "community node timetable" must be calculated early before the nodes it allocates so that the ledger status it uses to calculate the schedule can be finalized.
Feature 5) The Wormhole protocol
The Wormhole protocol is a bridge that links Ethereum exclusively. It supports ETH and ERC-20 tokens. It helps users to access the Ethereum ecosystem more efficiently and quickly, making it easier for ETH holders to participate in the Arc Finance platform.
Maybe little bit hard for non-tech people for understanding, but these mechanisms are really very important for a DEX
Crypto Library Team : Please tell us about $ARC token! What are the token use-case, distribution, and how to buy/get it?
Bella (Arc Finance) : ARC is the local token of Arc Finance. For the info of ARC distribution, let me share the graph.
ARC Release & Distribution
The use of ARC cover the following cases:
1. Buying NFT with the ARC token.
2. Unlocking third-party tokens by the single token model.
3. Unlocking third-party tokens by the single token model.
4. The proof of IDO
1. Buying NFT with the ARC token.
2. Unlocking third-party tokens by the single token model.
3. Unlocking third-party tokens by the single token model.
4. The proof of IDO
ARC could be get in the following ways:
1. Buying ARC from Swap
2. Via participate our airdrops
3. Become our early contributors
1. Buying ARC from Swap
2. Via participate our airdrops
3. Become our early contributors
Of course, as we just get started, the detailed rules and the products are under preparation now. Just stay updated😊
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
Bella (Arc Finance) : Let me share the roadmap graph first,
The first step is to complete the product pans and achieve the basic DEX features, and the future plan covers the products/milestone of DAO community, cross-chain bridge, Layer 2 network, margin trading and wallet system, etc. The first step is to complete the product pans and achieve the basic DEX features, and the future plan covers the products/milestone of DAO community, cross-chain bridge, Layer 2 network, margin trading and wallet system, etc.
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