Fleta had a cross AMA with our partner Yield Parrot, a yield aggregator & optimizer.
Here are the questions and answers about Fleta Connect from the AMA. Please enjoy!
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Y: Yield Parrot
F: Fleta Connect
Y:Thank you for being here today. I’ll start with the first question 🚀
As all the community members would love to know, can you briefly describe Fleta Connect?
F: Yes sure! I’d love to start with that :)
Fleta Connect is a multichain DeFi service developed by team Fleta. Fleta Connect started on BSC and integrated Polygon recently. Our token is Cherry which will be utilized as the governance token later. Fleta Connect has some core features such as Fleta Converter, delegate farming, buyback&burn mechanism, and so on. With our core features, we expect to keep a better ecosystem for our DeFi service.
Y: That’s really cool. Lots of cool features. We are planning on going multichain soon. We look forward to extending our partnership there.
Let’s continue with the second question.
A team working on the project is the backbone of a project. What about the experience and credentials of the team behind Fleta Connect?
F: Fleta Connect is developed by team Fleta, a blockchain mainnet platform that aims to offer better infrastructure that can be applied to various business models. Fleta has its core technologies such as PoF consensus, Gateway, and so on. We have been expanding our DApp ecosystem along with various use cases. You can find more about Fleta at fleta.io.
Y: Nice! Team Fleta has proven to be really professional.
I’ll continue with the third question.
What security measures does your project have to ensure safety for users?
F: First, we have been audited and verified by Certik that we don’t have any critical or major issues for the project. We also uploaded our codes on our docs so you can easily find them.
We have recently integrated Chainlink Price Feeds which are time-tested, the most widely used and reliable decentralized oracle network. By using it, we offer high-quality and tamper-proof price data for our Vault.
With these kinds of measures, I’m sure our project is very safe and credible. If there is anything we need to ensure more for our users, we will keep working on it.
Y: Excellent! Safety is a top priority for DeFi users.
Are you ready for the next question?
F: Let’s do it.
Y: Do you have any systems like token burns, max supply or anything to ensure $CHERRY price goes up?
F: We currently have buyback and burn mechanisms to keep our Cherry tokenomics better all the time. Most of the fees for farming will be used to buyback Cherry and burn them so we can keep the amount of Cherry in an economical way. Other than that, we will keep updating our emissions, multiples, etc. so we can keep the Cherry tokenomics better.
Y: That’s great news for all the users staking at Lory Cherry pool.
Let’s go with the last question and then I’ll open the chat for free questions.
Can you share with us some of the future plans, such as the marketing development plan and recent activity plan?
F: Recently we have launched Fleta Converter to help users transit their tokens from one to another network. Since we are supporting BSC and Polygon for now, we will integrate more networks and the next one will be announced soon. Also, NFT service and AMM Dex are planned for Phase 3 of our roadmap. You may read our roadmap(https://fletaconnect.gitbook.io/fletaconnect/roadmap) for more information. Fleta Connect will expand our ecosystem as a multichain Defi platform!
Y: Wow, lots of new things are coming up. NFTs seem really interesting
I’ll open the chat now for free questions from the audience
Q1: Are you planning on going into another chain apart from Polygon and BSC?
F: Thanks for your question. Yes we will integrate more networks and we will announce soon what the next one will be.
Q2: Which chain gave you more results until now?
F: It’s BSC since it started more. And we also expect more from Polygon since we have launched Fleta Converter.
Q3: Can you tell us something more about your marketing plans?
F: We have been holding AMAs recently and we also have partnered with other DeFi services as well. We also expect to promote our service via good DeFi channels. We are working hard on marketing so we can promote our service more.
Q4: I see the price has taken a good dip, as per my understanding for a good project as investors we prefer a more stable base coin so apr is helpful. What are the plans to ensure price remains more stable?
F: As I mentioned above, we have some mechanisms to keep our tokenomics better such as buyback and burn, adjusting multiples, etc. We will keep working to ensure our Cherry tokenomics stay better.
Y: Thanks for all your answers! It’s been a wonderful AMA.
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We thank Yield Parrot for holding a great AMA with us! We also appreciate your support for Fleta Connect.
Thank you.
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Feel free to join and connect with us through our official channels below:
Website: https://fleta.io
Fleta Store: https://fleta.ogn.app/#/
Twitter: https://twitter.com/fletachain
Telegram: https://t.me/FLETAofficialGroup
Github: https://github.com/fletaio
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About Fleta Connect
Fleta Connect is a new DeFi (Decentralized Finance) service created by Team Fleta with years of experience in the field. It is willing to offer significant benefits to our users with its own buyback mechanism and aims to give more rewards to DeFi users.
Fleta Connect plans to become a multi-chain DeFi platform using Fleta’s cross-chain technology.
