AMA RECAP: DeFi Raccoons x Vaulty
Date: 12th August 2021
Host: Sly Cooper
Guest: Vaulty (Konstantin Rmz — CEO)
INTRODUCTORY QUESTIONS
Sly Cooper | DeFi Raccoons: Let’s kick things off with the basics. Could you please tell to the Raccoons here today who you are and what’s your role at Vaulty?
Konstantin Rmz: I’m Konstantin 😉 — Founder and CEO of Vaulty. I’m In blockchain space since 2016. I’ve been involved in investing, research and attended blockchain related events. Also, I’ve led several tech integrations for different projects.
Sly Cooper | DeFi Raccoons: Ah, a fellow economist there being one myself as well. Glad to hear that you’ve a vast experience from blockchain tech as well, been here longer than most of us — grinding through the years for sure.
Konstantin Rmz: Yep, me and ecomomics in tight relations 😊
Sly Cooper | DeFi Raccoons: Likewise 😄
Sly Cooper | DeFi Raccoons: How about Vaulty then? Could you please give us a brief overview regarding Vaulty — what kind of a gap are you trying to fill within DeFi, and how?
Konstantin Rmz: Vaulty is the first yield optimizer with NFT infrastructure. One of the best features of Vaulty is the Profit Sharing Model. This model does an auto buyback of $VLTY tokens from the market and distributes those among all $VLTY holders who stake their tokens in the Profit Sharing Pool. Also, we have other amazing features such as NFT staking and NFT rewards. We are among the first ones who offer it. Vaulty allows users to take advantage of traditional yield strategies while also providing additional opportunities to enter the exciting world of NFTs.
So basically, our NFT infrastructure provides exposure to NFTs.
Moreover, we will offer our users staking of NFTs as I said before. Users will have a choice between selling, staking and holding NFTs.
We wanna be a part of the DeFi and NFT world simultaneously.
Sly Cooper | DeFi Raccoons: That’s actually quite fresh. We’ve seen few ecosystems focus on the yield optimizing/vault solutions but none of them really have taken part into the NFT market simultaneously.
Sly Cooper | DeFi Raccoons: Would you like to share a bit further where do the NFTs come into play on Vaulty’s ecosystem? Let’s say that I’m holding a Cryptopunk, what could I do with that? Or it’s more about “internal” NFT’s?
Konstantin Rmz: Early NFT products will be done in the internal way. But I’m happy for you holding Cryptopunk 😉. NFT getting nice traction lately.
Sly Cooper | DeFi Raccoons: Haha not sadly, would be great tho indeed
Konstantin Rmz: On the NFT side, we will provide NFT rewards or NFT farming through our internal token. Moreover, we will add NFT staking 😉 At the start NFT rewards can be chosen in our NFT gallery.
Sly Cooper | DeFi Raccoons: I read that $LANTTI is something that comes into play with the NFT, would you like to share more about the models there? We can trade $LANTTI tokens into NFT’s or how does that function? Also, can’t help myself from asking… $LANTTI. Do you have some Finnish backgrounds perhaps? (that means like “a coin” or so). Vaulty was called Holvi before rebranding as well if I’m not mistaken (= “vault” in Finnish). 😂
Sly Cooper | DeFi Raccoons: Oh, an own gallery — Vaulty NFT’s coming up with some neat rewards on the side 😜
Konstantin Rmz: We’ve implemented an internal token called $LANTTI. $LANTTI can be exchanged for NFTs in our gallery. We’ve introduced it for a better NFT farming experience. Hard to farm part of the NFT card, so we’ve designed an internal token. This token is not tradable/ for internal use only. Earn $LANTTI via $VLTY staking-> exchange $LANTTI to NFTs. Enjoy your NFTs!
Sly Cooper | DeFi Raccoons: Oh, got it. So it works both ways 💪🏼
Konstantin Rmz: Yeah-yeah, one team member from Finland ! Absolutely correct, LANTTI — means coin and Holvi- means vault 😄
Sly Cooper | DeFi Raccoons: Hours of research to understand that one
Sly Cooper | DeFi Raccoons: Besides $LANTTI you obviously have a second token, $VLTY, which I reckon to be the “main” one, the backbone of the ecosystem. I actually read they are minable, can you share with us some details regarding that? In what other ways could we earn some $VLTY or alternatively utilize them within your ecosystem?
Konstantin Rmz: $LANTTI is only for internal use! When a user redeems $LANTTI for NFT it goes to the burn address. Meanwhile, $VLTY (main token, utility token) — tradable, transferable, can be staked in two different pools.
$VLTY can be staked in two different pool:
Profit Sharing Pool — stakers will be rewarded in $VLTY tokens
NFT Pool — stakers will be rewarded in $LANTTI tokens.
Konstantin Rmz:
Sly Cooper | DeFi Raccoons: That’s quite versatile, actually.
Sly Cooper | DeFi Raccoons: Plenty of different ways to go with, and that liquidity mining model also incentivizes to take part from the early days as well. What is meant by those “strategies” by the way?
Konstantin Rmz: Well, strategies=vaults=smart contract.
Every vault has predetermined logic behind it which executed in the automated way. Btw, let me share the idea behind the Profit Sharing Model which is tightly bound to all strategies.
Konstantin Rmz: All strategies/vaults are subject to performance fee. These fees will be used for buying our native token $VLTY from the open market and distributed across stakers of Profit Sharing Pool. This should apply positive buying pressure on our token. We are highly motivated in attracting TVL. Higher TVL -> higher buying pressure.
Sly Cooper | DeFi Raccoons: So that’s like buybacks then that’ll be distributed further. Really incentivising to hold $VLTY
Sly Cooper | DeFi Raccoons: Could you share some key figures overall regarding your tokenomics actually?
Sly Cooper | DeFi Raccoons: Now that you mentioned the fee actually, it’d depend on the performance or it’s some fixed % of the earnings from vaults or strategies?
Konstantin Rmz:
Here is full tokenomics — https://vaulty.fi/docs/TokenomicsVaulty.pdf
Konstantin Rmz: Depends on the APY of the strategy, it will be 5–10%
Sly Cooper | DeFi Raccoons: Glad to see so good chunk going into the liquidity rewards. $660k initial marketcap really small for such scale project
Konstantin Rmz: Yep, we had to dedicate as much rewards as possible.
Sly Cooper | DeFi Raccoons: Ok, that gives the idea well. Really small actually, and probably majority would receive back at some point with the Profit Sharing Pool in case you’re using that. Plus of course the continuous earning from the vaults or strategies :)
Konstantin Rmz: Actually, all fees are well covered by auto compounds feature.
Sly Cooper | DeFi Raccoons: Even better. The difference between APY and APR is marvellous, really.
Konstantin Rmz: Let me tell about why this fees applied and why it will not hurt APR of users. Even more, it will increase it. Cause vaults do convert APR to APY
Konstantin Rmz: APR- is the annual percentage rate without compounding on your rewards. On the other hand APY can be achieved by regular claiming and restaking your rewards.
Sly Cooper | DeFi Raccoons: So why it’s called a fee if it just makes you more $$ — that’s simply awesome 😂
Konstantin Rmz: it’s still fee but used for benefits of $VLTY stakers. Users will optimize their staking rewards with our auto compounding feature. Basically, users will convert APR to APY. Hence, users can increase their farming rates.
Sly Cooper | DeFi Raccoons: I mean that it’s a greatly positive thing :)
Konstantin Rmz: APP is live actually but without Profit Sharing Pool and additional $VLTY rewards.
Sly Cooper | DeFi Raccoons: Already supporting few big players I see
Konstantin Rmz: Profit Sharing Pool and $VLTY rewards will be live on 17h after completion of Public Sale and pancake swap listing.
Konstantin Rmz: yeah, those 4 with massive TVL
Konstantin Rmz: So make sense to start offer auto compound of those initially.
Konstantin Rmz: here you guys can be updated about our progress:
ANN channel — https://t.me/VaultyANN_new
CHAT — https://t.me/vaultyCHAT_new
Twitter — https://twitter.com/VaultyFi
Sly Cooper | DeFi Raccoons: I know that you recently had IDO’s (and actually a pre-IDO as well) — how did those turn out to be and when would the listing actually be? Can’t wait to snatch some $VLTY 👀
Konstantin Rmz: Vaulty has completed successfully 2 IDOs on BSCstation and TrustPad. Also, Vaulty running whitelist till 16th of August for Public Sale which will be hold on their own platform.
Here is link to our public sale:
https://sweepwidget.com/view/29568-9725xhet
more than 400k entries already.
Konstantin Rmz: Listing will be on 17th of August, 2.00 PM UTC on pancake swap.
Here is schedule of listing day:
Sly Cooper | DeFi Raccoons: 400k entries, jeez.. That’s something. So there is still a great chance to take part for the Raccoons here if you missed the IDOs.
Sly Cooper | DeFi Raccoons: So let’s touch on security. It’s been something that’s constantly on the table with hacks occurring on various DeFi projects — with PolyNetwork being the most recent big one. What’s your take generally on security? Have you perhaps conducted some audits already prior to the launch?
Konstantin Rmz: Yeah, whitelist open till 16th!
Konstantin Rmz: We’ve applied all necessary layers of security. Obviously, we have done a security audit of smart contracts. Here is Audit Report → https://bit.ly/3zJhPbQ. Moreover, one of our tech guys is a security auditor himself 😉. I’m a little paranoid about security so I’ve ordered an additional security audit to make sure that everything is perfect. Additionally, we’ve arranged security tests that includes pen testing, exploits, back doors and etc
Konstantin Rmz:
Sly Cooper | DeFi Raccoons: That’s not the worst thing to be paranoid about for sure, really happy to see you take it so seriously! Just too many hacks in recent times..
Sly Cooper | DeFi Raccoons: Before moving on to the community questions, let’s look into the future of Vaulty — what kind of things do you have on the roadmap for the next six months for example? Would you have a roadmap to share with us today?
Konstantin Rmz: Currently we are in the 3rd phase and we are gearing for listing on Pancake Swap after our Public Sale. Roadmap is Available on our Website — https://vaulty.fi . Phase 4 dedicated to NFT products mostly. We will introduce new strategies/vaults and new products. Especially on the NFT side!
Konstantin Rmz:
Sly Cooper | DeFi Raccoons: That surely clears things up. A decent opportunity for the investors there with the public sale and beyond, some neat things coming up :)
TWITTER QUESTIONS
Sly Cooper | DeFi Raccoons: Let’s move onto the Twitter round, shall we? We’ve prepared two Twitter questions that the fellow Raccoons had asked prior to the AMA.
Question 1: @nani_c4 asks: “Do the stakers and liquidity farmers in the http://Vaulty.fi platform have the power to decide the kind of NFTs they want as rewards or are the NFT rewards given out randomly? How exactly does this work? So users are benefited by NFTs by staking in your platform , right?”
Konstantin Rmz: Stakers and liquidity farmers will be able to choose rarity of NFTs but NFTs collectibles of chosen tier will be sorted in the random way. Earn $LANTTI via $VLTY staking or VLTY-BNB LP-> exchange $LANTTI to NFTs. Stake your NFT- earn more $LANTTI.
Konstantin Rmz: All circled. Users will have a choice between selling, staking and holding NFTs.
Question 2: @shebadeig asks: “On your website, it’s mentioned that we could earn yields stress-free and by minimizing the time spent on research. How do you technically help users to choose between the best instruments, is it just the highest APRs? Do you plan to offer auto-compounding mode on your vaults?”
Konstantin Rmz: No it’s not just the highest APR but selected strategies with optimal R/R ratio.
Yeah, all vaults have a built-in auto compounding feature. Users will optimize their staking rewards with Vaulty.
Sly Cooper | DeFi Raccoons: Thanks a lot for answering these Konstantin!
LIVE AMA QUESTIONS
Question 1: @Nusratjahan990 asks: “I can’t find much information about this project. Can you share all the links to research and stay updated with you?”
Konstantin Rmz: Sure, here is full list of links
ANN channel — https://t.me/VaultyANN_new
CHAT — https://t.me/vaultyCHAT_new
Twitter — https://twitter.com/VaultyFi
Medium — https://medium.com/@Vaulty.fi
Linked in — https://www.linkedin.com/company/vaultyfi
YouTube — https://www.youtube.com/channel/UCvPzg6qgqxYeCjbX0DDlZ-w
Question 2: @Mariana436 asks: “As far as I know, Vaulty cares about its community because it is the fundamental pillar of its development. So, can you elaborate on whether they will create a DAO so that community members and holders can vote for the future of Vaulty?”
Konstantin Rmz: Yeah, the idea is move vast of future development to users. So we will introduce DAO at some point. Moreover, we will let the community suggest by voting new strategies/vaults. Community will have the right to add their favorite tokens!
Question 3: @AmitGoyal1444 asks: “Vaulty offer an amazing APY program, but this system will be only compatible with BSC? Have you considered integrate more chains to expand your horizons? I saw that apart of the $VLTY Token, there exist other token Called “LANTTI” So can you please explain us the roles of each token by separate ?”
Konstantin Rmz: We are starting with BSC only, absolutely correct. But we most likely will discover other chains as well. NFTs in our gallery are denominated in internal currency called $LANTTI. On the other side $VLTY (main token, utility token) — tradable, transferable, can be staked in two different pools.
$VLTY can be staked in two different pool:
Profit Sharing Pool — stakers will be rewarded in $VLTY tokens
NFT Pool — stakers will be rewarded in $LANTTI tokens.
$LANTTI tokens can be exchanged to NFT.
Question 4: @Hadehalexa asks: “I saw a few days ago, Vaulty has released an audit report. According to the report, there are 4 main issues regarding Return Value, Governance Controlled, Dangerous Reentry, and Front-Running. Have all these findings been acted upon for system improvement purposes?”
Konstantin Rmz: Exploits, Return Value, Governance Controlled, Dangerous Reentry, and Front-Running were not found.
Sly Cooper | DeFi Raccoons: Thanks a lot for being here with us today Konstantin, and explaining more about Vaulty so thoroughly! Was a great pleasure for sure!
Vaulty
ANN channel — https://t.me/VaultyANN_new
CHAT — https://t.me/vaultyCHAT_new
Twitter — https://twitter.com/VaultyFi
Medium — https://medium.com/@Vaulty.fi
Linked in — https://www.linkedin.com/company/vaultyfi
YouTube — https://www.youtube.com/channel/UCvPzg6qgqxYeCjbX0DDlZ-w
DeFi Raccoons
Telegram: https://t.me/DeFiRaccoons
Twitter: http://twitter.com/defiraccoons
