Apr 14
RECAP AMA
CryptoPros Community × SuperBonds
🗓 DATE : 11th, April, 2022
⏰ TIME : 2:00 PM UTC
🏠 VENUE : https://t.me/cryptoproscomunity
Part 1: 2–3 project overview questions.
Q1: could you explain a little about yourself and SuperBonds?
Himanshu:
So, I am a contributor for the SuperBonds project, currently in charge of raising awareness about the project and have been in crypto since 2018. Saw it all crash the day I joined! Anyway, working with a great team, we at SuperBonds are bringing the first fixed yields to DeFi with our platform. That’s what the project is all about. Our idea is that with a fixed yield, DeFi can evolve to the next level as opportunities for a true lending/borrowing market can begin.
DONE
Q2: Could you please provide some info about your Roadmap and how SuperBonds is progressing so far?
Himanshu:
Sure. So we are going to launch in around a week on the Solana mainnet. Our platform is already live on the Solana devnet. The platform’s token, $SB is already trading on Raydium Dex (https://dex.raydium.io/#/market/E3cNotFPoECwQvacT2D7u3C3tKRkGtUxv8WFYazBEx4X) and Mexc (https://www.mexc.com/exchange/SB_USDT). You can see our complete plans here in our Roadmap.
Roadmap
DONE
Q3: Could you please update to the community some latest news or big events of SuperBonds?
Himanshu:
Like I said, we are going to launch on the Solana mainnet. We have also completed the audit, the report should become live in like a day or two.
DONE
Part 2: Pre-selected questions from our community
Q1: It was indicated in your platform that there will be DUAL REWARDS for SB/USDC POOL. Can you tell us more about your available pools and how can we maximize our yields on these pools? How will the DUAL REWARDS take effect on the SB/USDC pair?
Himanshu:
So, a slight correction here, the dual rewards for SB/USDC is on Orca: https://www.orca.so/pools?pool=sb/usdc
How to stake in order to get dual rewards is given in our guide on Medium: https://superbonds.medium.com/how-to-earn-dual-rewards-with-sb-usdc-double-dip-pool-5065f97dabe2
DONE
Q2: Today, there are many investment platforms in the cryptocurrency ecosystem. However, they come with cons and potential risks, such as lockout periods, large transaction fees, etc. So, how does SuperBonds solve problems like this? What innovations will you offer your platform users?
Himanshu:
Okay, so on SuperBonds, users earn a fixed yield on their USDC by bonds. These bonds are NFTs, or single mint tokens, each with its own unique identifier. Thus, these yield paying bonds can be self-custodied in the user’s SPL (Solana based) wallet. You get to earn risk-free yield, without surrendering your custody. Think of it like a fixed deposit account paying interest, but instead for crypto. Moreover since you own an NFT, you can use this bond NFT as collateral elsewhere by simply transferring it to any other SPL wallet address. No where else will you find both a guaranteed fixed yield paid in stablecoin and self-custody.
DONE
Q3: Right now issuing a token is a rather simple process. However, building the system and ecosystem is the most difficult part. My question is, How will the demand of the token increase, and how will this token be used within the ecosystem?
Himanshu:
Sure. So our native utility token $SB is not like one of those tokens with retrofit ability, you know making a token afterwards with no use case like we see many times. The $SB token is the deflationary gas for the SuperBonds platform. It is required in all the transactions on the platform. You can’t use Superbonds if you have no $SB. Plus after each transactions, the $SB collected as tx fee is burnt decreasing the fixed supply of 10 billion $SB tokens.
Moreover, all the rewards on the platform are in $SB token. The variable yield given on top of the fixed yield, LP rewards, and staking rewards are all in $SB token. So the token has a real utility, is needed to use the platform and keeps burning as it is used. This will ensure the proper demand for the token and ensure that the token and the platform drive each other’s value in the long term.
DONE
Q4: the role of fixed rates in Defi and how SuperBonds’s fixed-rate products will change things in the space
Himanshu:
No one is doing Fixed Rates in DeFi. With SuperBonds’ fixed yield products, we see two advantages. First a new user can use a simple and easy product to earn a fixed yield on our platform, just like earning interest on an FD Account. Second, fixed rates allow for unsecured borrowing/lending and creation of more on-chain DeFi products on top of the fixed rates which is needed to take this space forward.
DONE
Q5: Is there multi-chain deployment in the works/is there a multi-chain set-up behind the scenes in how the platform work
Himanshu:
So we built on Solana because this has led to high speed and low fees for our Dapp. We may explore a multi-chain set up in the future as we progress, first priority is launch on Solana mainnet. We do however farm cross-chain via WormHole as part of generating the final fixed yield presented to the end-user. Currently we farm both on Solana and ETH via Wormhole.
DONE
Q6: What is this SuperBonds Active period on the platform?
Himanshu:
of all fees collected go into the “SuperBonds Pool”. SuperBonds Pool allows for a period of boosted yield everyday. Based on the liquidity of the SuperBonds Pool, a yield boost of 1X to 2X is offered. The boost can activate at any point during the 24 hours and will last till the day ends. Whenever there is a “SuperBonds Active” flashing for a pool, it means a yield boost of up to 2X maybe possible for the user to earn. So if the yield is 18%, they can earn up to 36%!
DONE
Q7: Does the $SB token give any governance rights?
Himanshu:
We have plans of introducing a governance structure wherein locking your $SB tokens will give you governance rights to the platform in various capacities. Right now however $SB does not give any such rights, but in the future it will be possible.
DONE
Q8: Why would someone become an LP for the platform if they can get a fixed yield by the bond?
Himanshu:
So LPs as opposed to bond take on the variable risk, but they also earn more. They basically earn three way:
-Earn a portion of the fees paid for each bond bought in USDC
- By Staking their LP tokens to earn yield in $SB tokens
- Earn a portion of the external farming rewards in the form of reward tokens of the farming protocol and USDC
All of these outweigh any interest they underwrite
DONE
Q9: How do you ensure the money flow in the system? What are the risks involved with the platform liquidity?
Himanshu:
So LPs provide the interest for the bonds being sold; they recieve rewards as explained above. The money collected in the Traders Pool from the bonds sold is used for farming on protocols with variable yield. A few points to note:
1) Only a portion of Trader’s pool is used and through a very sophisticated risk-framework that is transparent and on-chain
2) The external farm rewards are used to ensure that LPs never lose on the USDC they deposit for liquidity
This keeps the cycle of Bond bonds and LPs supplying liquidity going on
DONE
Q10: you mention that the $SB token is the gas for SuperBonds. How does that work?
Himanshu:
As mentioned earlier, it is needed for any transaction on the paltform as fees. The $SB collected as fees are then burnt. Thus it is a deflationary gas token.
DONE
PART 3: Guests will choose 5 live questions from members and answer directly in CryptoPros Community.
Q1: SIR
I Can’t find your project Whitepaper.. Have you released it YES or NOT?? How can i get more information about your project?? What are important socials media links??
Himanshu:
Here is the WhitePaper: https://res.cloudinary.com/drr1rnoxf/image/upload/v1642360290/SB_Whitepaper-compressed_lafdtl.pdf
And here are all our Socials
Website: https://superbonds.finance/#/
Telegram: https://t.me/SuperBonds
Medium: https://superbonds.medium.com/
Discord: https://discord.com/invite/yCWKEcxKAe
Twitter: https://twitter.com/SBonds_Finance
Reddit: https://www.reddit.com/r/SBonds_Finance/
Q2: A common problem is that nowadays most investors are only interested in initial profits and ignore long-term benefits! So Can you give them Some reasons Why they Should and hold your Tokens in the long term? please tell me
Himanshu:
A common problem is that nowadays most investors are only interested in initial profits and ignore long-term benefits! So Can you give them Some reasons Why they Should and hold your Tokens in the long term? please tell me
Q3: Do you have a AUDIT certificates?
Or are you working to AUDIT Your project, so that the security of the project becomes more secure and reliable?
Himanshu:
Yes, we have been audited by Ulam Labs and have been cleared as per their security checks. The report will release in a day or two and you can go through it yourself.
DONE
Q4: Question : Sir I want to your token. is it listed
#pancakeswap?
#Binance
#Kucoin
#MEXC OR Any Exchangers??
Where can I your tokens now?? Can you tell us please?
Himanshu:
Hi, you can the token in all these places:
MEXC https://www.mexc.com/exchange/SB_USDT
Raydium https://dex.raydium.io/#/market/E3cNotFPoECwQvacT2D7u3C3tKRkGtUxv8WFYazBEx4X
Orca https://www.orca.so/
Jupiter https://jup.ag/swap/USDC-SB
Q5: ❤️❤️PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?
Himanshu:
So by our very nature, we are collaborative with projects, especially within the Solana ecosystem. We are already partnered with Saber and Orca and have more partnerships in the works.
