Slope x DeltaFi AMA Recap
On Dec 21st, Slope Finance was excited to invite DeltaFi.ai founder Xinjin to have an AMA in Slope Discord.
Section 1- Introduction
Q: Can you introduce yourself and DeltaFi to Slope Community?
DeltaFi is building the world’s most efficient DEX, by offering optimal user experience to traders, liquidity providers, and market makers. Traders enjoy low price slippage, liquidity providers obtain sustainable profitability, and market makers are offered a lot of flexibilities with dynamic fees, bidirectional pricing, and so on. All these are achieved with our novel intelligent market-making design.
Xin is the founder of DeltaFi and has been working in big tech companies like Facebook and Uber etc. for around 10 years.
Section 2- AMA Content
- Can you tell me more about PROJECT NAME and the ideas behind it?
Our solution adopts machine learning algorithms for intelligent market-making design. We name it as DeltaFi because delta is a commonly used symbol in machine learning algorithms.
2. What are the short term plans/developments for Project
Our main product development is done and we are waiting for third-party auditing to get the product launched in mainnet on Solana. Solana is scalable and lightning fast!!
3. Who is the team behind PROJECT
We consist of world-class blockchain and machine-learning engineers, crypto-native marketers, and designers with a keen eye for the best user experience. We’re expanding rapidly, so check out our open careers on our site if you’re interested in joining us to tackle the next frontier in DeFi.
4. When did you form the team to start PROJECT
The idea was started around November last year. The team went full-time around July this year because the previous employers did not want us to leave soon!
5. Competitors? Can you talk about this?
We offer optimal user experience to traders, liquidity providers, and market makers. Traders enjoy low price slippage, liquidity providers obtain sustainable profitability, and market makers are offered a lot of flexibilities with dynamic fees, bidirectional pricing, and so on.
Let’s contrast DeltaFi with two highly adopted and utilized AMMs, Uniswap V2 and stableswap by Curve Finance. Both are innovative in their own right, but each of them has its pitfalls and tradeoffs, exacerbated by the inefficient markets they create due to the mechanical nature of the Constant Product Curve, the mathematical formula that dictates the prices of assets within their liquidity pools.
With intelligent market-making, bounded liquidity risk, and malleable market-making API, we tackle issues faced by mainstream AMMs.
6. Any other pertinent questions you wish to have asked?
This is a quite comprehensive list of questions on the project, team, and so on. Really appreciate the time and hospitality of the host.
Follow us on Twitter and join our discord and telegram!
Section 3- Live Question
1. Recently you announced a referral program on your platform And a reward Why hasn’t it been integrated into the slope wallet?
This is a great question. Our engineer has done the integration and we are doing more internal testing to release the code. We love the great UX provided by slope finance.
2. My question is your project has good growth potential but the crypto space is not in one of its best moments, can you explain to community members why they should invest in the project & participate in its long-term development…. Thank u so much!!!
We have token buyback programs for DeltaFi tokens with the transactions fees. Basically, most of the trading fees will be used to benefit the token holders, other than regular development costs.
3. What makes DeltaFi an intelligent AMM better than other AMMs out there? What are your strong points? thank u sir
We first leverage pyth network real-time oracle price. Together with more intelligent algorithms, we can minimize price slippage for traders and impermanent loss suffered by liquidity providers.
4. Community is an important thing to any project. How are you going to educate us that the project you are offering is long-term? and do you have the funds and a strong team to be able to develop this project in the future?
We will have a series of blogs, videos, and other content for such purposes soon!
5. Last question, without a working product any idea has zero value. We see many projects are on paper only and have no product. So, kindly ensure us that your project is just not an idea and it already has working products or practical use-cases?
Please try out our testnet version now. We are pretty careful with the code quality. That is why we prefer to go mainnet after the auditing firm’s review, even if they are slow in the past two months.
DeltaFi is building the world’s most efficient DEX, by offering optimal user experience to traders, liquidity providers and market makers. Traders enjoy low price slippage, liquidity providers obtain sustainable profitability, and market makers are offered a lot of flexibilities with dynamic fees, bidirectional pricing and so on. All these are achieved with our novel intelligent market making design.