I M Community meetup with StoneDeFi for AMA session.
IM Community is PR Group offering marketing support for crypto projects and AMA sessions to introduce crypto projects to the primary Vietnamese audience.
We sat down for an AMA session over the weekend to introduce Stone DeFi with a host of community questions the session was translated into Vietnamese, below is main content from the English session.
Session 1: Questions from the host
Q1.Please introduce briefly about your team and some key features of Stone DeFi.
Stone DeFi is a one-of-a-kind yield aggregator creating Rock Solid Yield for DeFi investors looking to maximize their yields. With innovative asset pools securing assets and safeguarding liquidity provider returns.
Stone protocol is deployed over multiple smart contract platforms, the multi-chain deployment enables cross-chain multi-asset staking.
As the project grows it becomes more decentralized, it is now comprised of several teams that focus on the management and delivery of the core product features, development, marketing, and community. Our teams and members are geographically spread worldwide and very much focused on the development of the ecosystem.
Q2.What are the services Stone DeFi provides to users? How can I make money on Stone DeFi ?
Stone DeFi provides continued innovation of UI access to smart contracts across multiple chains. Our team disciplines are diverse. We focus on quality networks and assets on Ethereum, Binance Smart Chain, Polygon, and Polkadot smart contract platforms. Our ecosystem rewards active participation in STN the token economy that underpins our product.
Q3.What role does the $STN token play in your ecosystem? What are the benefits of long-term holding?
At this early stage, the STN token is primarily a reward and liquidity provision for community and pools, incentivizing portfolio rebalancing and cross-chain fee mechanisms will add to the fundamental utility of STN. As we realize and develop the DAO governance the token will play an increasingly crucial role over time. Very soon staking and rewards for STN will run concurrently with other quality token assets compounding with variable lockup periods maximizing yield and realization of returns.
Q4. In terms of security, how secure is Stone DeFi when users use your platform?
There has been an awful lot of testing and an intensive code audit process to examine and improve the robust smart contracts at the heart of Stone DeFi.
Stone DeFi is rock solid, the code audit which was completed recently provides a comprehensive report. We call on the community to read the report and offer constructive feedback so our auditors can continually improve and help us all in providing a safe ecosystem for this emerging technology reshaping the digital financial landscape. Stone is a movement to build smarter and safer yield farming practices.
Q5.What is Stone DeFi’s development plan this year?
Our public development roadmap provides a guide for the project’s main milestones up to Q3 2021. Although development continues beyond Q3 many of our plans will not be revealed until the successful release of Stone V2 is completed . That said, we did publish an article outlining the Stone V2 roadmap that runs through to Q1 2022.
Session 2: Questions from Twitter followers.
Following the introduction and and question from the host of session 1 we moved on to some questions submitted from twitter followers. There was also prizes for the best questions submitted during the AMA.
Q1 What is Stone vision and goals? In your opinion, what are the outstanding advantages of Stone ? Why should users choose Stone ?
- Rock Solid Yield
Decentralize investment by docking multiple mainstream strategies, such as Curve and Aave, to achieve stable returns for users.
- Multi-Chain Portfolio
Support multi-chain asset investment such as Ethereum, BSC, Polygon, etc., and provide various assets to choose from.
- Cross-Chain Bridge
Cross-chain asset staking through cross-chain bridges, obtaining higher returns.
- Maximize Profit
Maximize your yields by simply staking STN, let STONE strategies do the rest.
StoneDeFI protocol, one stop solid yield staking for cross-chain assets. Simplifying the user experience and maximizing yields is key.
Q2. STONE, aims to work with ecosystem builders to create a highly liquid market for the tokens they bet on… In the face of this, is their liquidity from where it comes, independent? Or do you want to partner with “ecosystem builders” to acquire such liquidity?
One of the great things about DeFi and the broader crypto ecosystem is the number of independent liquid markets. The Stone DeFi token, STN, is listed on various exchanges you can find these listed on coinmarketcap.
Stone DeFi price today, STN to USD live, marketcap and chart | CoinMarketCap
The live Stone DeFi price today is $0.453174 USD with a 24-hour trading volume of $1,795,826 USD. We update our STN to…
The token can be used to incentivize and balance liquidity, providing value and utility for the community, eco-system builders, and users to participate, liquidity providers are all of these things.
Q3. How will Stone incentivize its stakeholders and users to work together towards the exponential growth of the yield farming space? Are there kind of rewards with active participating
We continually engage and participate in campaigns to align incentives and to work towards those excellent values we believe in to support our motto of rock solid yield.
Staking STN will be available soon offering variable lockup periods to maximize yield and realization of returns. This will feedback into the development of yield farming space.
Q4. How will your DAO governance work? Can you tell us more about it? I’m especially interested in how it will provide protection from users that will hold a lot of tokens and will try to influence the decisions unilaterally.
I can reveal that we are developing the framework which will broadly represent the interests of Stone holders across multiple networks, for that to work effectively we have to recognize those networks also have governance processes and frameworks that we join and represent.
All these considerations go into designing our governance framework.
Q5. Partnership are the backbone of every successful project. So can you share us with the partnership of StoneDeFi? Also what are the benefits that we can expect from that partnership?
Yes, let me share details of a campaign with our Polygon partners, please go reply retweet and heart to let our partners know how vibrant and engaged our communities are :)
Stone very much recognizes the importance of constructive partnerships and as such has the backing of some of the best in the industry providing clear vision and open transparent processes to deliver an outstanding user experience and interface to decentralized finance across multiple platforms for rock solid yield.
The AMA concluded with a many interesting question from the live participants, we answered as many as we could within the allowed time frame. It was a very enjoyable session and we look forward to meeting with the IM Community again in the future.
If you have any questions about this article please feel free to ask in the Stone Fortress Telegram and join us on Discord for future AMAs and giveaways.