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.
Onepager
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:
Tokenomics Circular Flow
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.
Comparing AMM and AUM
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.
SECOND SEGMENT (TWITTER)Crypto Library Team : With hacks happening on a near-daily basis, security is now at the forefront of everyone's mind. Could you explain how Arc Finance strengthens its security measures, risk policy, and other protocols to protect your protocols?
Bella (Arc Finance) : To guard the assets security, we take the timelock mechanism for protection. 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.
Codes of timelock is as below:
constructor(address admin_, uint delay_) public {
require(delay_ >= MINIMUM_DELAY, "Timelock::constructor: Delay must exceed minimum delay.");
require(delay_ <= MAXIMUM_DELAY, "Timelock::setDelay: Delay must not exceed maximum delay.");
admin = admin_;
delay = delay_;
}
require(delay_ >= MINIMUM_DELAY, "Timelock::constructor: Delay must exceed minimum delay.");
require(delay_ <= MAXIMUM_DELAY, "Timelock::setDelay: Delay must not exceed maximum delay.");
admin = admin_;
delay = delay_;
}
Technicians may be interested to it😄. The smart contract ensures the security of users’ funds by executing MasterChef's setMigrator and transferOwnership method after a delay of 48 hours.
Crypto Library Team : I think Most people only evaluate projects based on their token value, not the technology the project has. How can you Founders add educational value to their investors so that more people understand the value of your project than the price?
Bella (Arc Finance) : This is a key-point Q that all investors care about. Well, as a DEX, it’s being with high technical requirements, and I’ll answer this Q mainly from the standpoint of tech. We’ll increase the perceived technical value of our Arc Finance mainly by the following measures:
1) Opening the front-end/contract source code.
2) Conduct third-party auditing.
3) Introducing a code vulnerability bounty task system.
4) Supporting the buddy invitation experience program.
5) More
2) Conduct third-party auditing.
3) Introducing a code vulnerability bounty task system.
4) Supporting the buddy invitation experience program.
5) More
THIRD SEGMENT (LIVE QUESTIONS)
Crypto Library Team : What is Arc Finance opinion about NFTs, since we know NFT is booming, will you take opportunity to implemented NFT in Arc Finance?
Bella (Arc Finance) : In 2022, we’ll start the NFT system with NFT staking feature.
Benefits the NFT system offers:
1) Users can complete various financial demands in a one-stop shop.
2) Empowering crypto based artists.
3) Expanding the use cases and value of ARC token.
Benefits the NFT system offers:
1) Users can complete various financial demands in a one-stop shop.
2) Empowering crypto based artists.
3) Expanding the use cases and value of ARC token.
Crypto Library Team : Do you have AUDIT certificate or are you working to AUDIT your project secondly do you have any further plans for pre-sale? Where can we join it this projet that ony market conptitivit?
Bella (Arc Finance) : We’ve conducted the audit, and the exact completion time depends on the third-party audit firm.
We'll have IDO, and pls stay tuned with us for the news
Twitter：https://twitter.com/Arc__Finance
Medium: https://medium.com/@arc_finance
Telegram Announcement: t.me/ArcFinance_announce
Telegram Chat: t.me/ArcFinance_global
Discord: https://discord.gg/SZex7JYkqe
We'll have IDO, and pls stay tuned with us for the news
Twitter：https://twitter.com/Arc__Finance
Medium: https://medium.com/@arc_finance
Telegram Announcement: t.me/ArcFinance_announce
Telegram Chat: t.me/ArcFinance_global
Discord: https://discord.gg/SZex7JYkqe
Crypto Library Team : Where can I buy your tokens now. What are your Current Contracts, and how can I buy them and What are the benefits.?
Bella (Arc Finance) : The IDO is in preparation and pls stay tuned!
Benefit of holding ARC token
1) Get dividends rewards of ARC token.
2) Get early access to new features such as IDO
3) Enjoy higher unlock speed of the Unlocking Mining.
4) Priority participation in the NFT staking program.
ARC could be get in the following ways:
1. Buying ARC from Swap
2. Via participate our airdrops
3. Become our early contributors
Benefit of holding ARC token
1) Get dividends rewards of ARC token.
2) Get early access to new features such as IDO
3) Enjoy higher unlock speed of the Unlocking Mining.
4) Priority participation in the NFT staking program.
ARC could be get in the following ways:
1. Buying ARC from Swap
2. Via participate our airdrops
3. Become our early contributors
Crypto Library Team : Do you have any,
1. Telegram Group
2. YouTube channel
3. Tiktok Channel
4. Website
For this project? From where we can learn something? Please share with us link.
1. Telegram Group
2. YouTube channel
3. Tiktok Channel
4. Website
For this project? From where we can learn something? Please share with us link.
Twitter：https://twitter.com/Arc__Finance
Medium: https://medium.com/@arc_finance
Telegram Announcement: t.me/ArcFinance_announce
Telegram Chat: t.me/ArcFinance_global
Discord: https://discord.gg/SZex7JYkqe
Crypto Library Team : Almost
3/4 of investors are focused purely on the price of token in short term
instead of understanding the real value and health of the project.
Could you tell us on motivations and benefits for investors to hold your
token in long term?
1) Get dividends rewards of ARC token.
2) Get early access to new features such as IDO
3) Enjoy higher unlock speed of the Unlocking Mining.
4) Priority participation in the NFT staking program.
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