GAINS Associates
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GAINS Associates

Marnotaur — Telegram AMA — August 17

On Tuesday, August 17, we had the pleasure to welcome to our Telegram chat:

Mariia Danilova, Project Manager.

We asked her questions about the development of Marnotaur.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

Marnotaur is a liquidity protocol for margin trading. Marnotaur is creating a user-friendly platform where traders, liquidity providers, farmers and liquidity keepers can multiply their gains. The protocol is compatible with different blockchains and other protocols.

Marnotaur provides flash loans that allow anyone to become a protocol keeper. This technology enables under-collateralized loans to quickly auction off the depreciating collateral in lending protocols.

Marnotaur is a tool for leveraged farming and trading. Users can deposit a sum and set the leverage to up to 5x. No over-collateralization, no hidden fees, no fine print.

$TAUR is the utility token of the Marnotaur platform and will be used for rewarding users for providing liquidity, rewarding for staking. Stakers earn a share of the revenue from liquidations. Token holders will be able to vote for proposals to develop the platform. There is also a buyback-and-burn program to take pressure off the token price.

Introduction

Q — Ayeley from GAINS: What did you do before crypto and did you have any other previous ventures in crypto? What is your role at Marnotaur?

A — Masha from Marnotaur: I have worked with leveraged contracts for 3 years before entering the project. Now I am working as a Project Manager of the Marnotaur project.

About Marnotaur

Q — Ayeley from GAINS: What is the project about, in a few simple sentences? How long have you been working on Marnotaur? And how many people are on the team?

A — Masha from Marnotaur: Marnotaur is a liquidity protocol for margin trading. We are creating a user-friendly platform where traders, liquidity providers, farmers and liquidity keepers can multiply their gains. The protocol is compatible with different blockchains and other protocols. We have been working on Marnotaur since the end of 2020. Our team includes 10 IT specialists and more than 15 specialists of other spheres, all of them are well-experienced in blockchain and crypto

Q — Twitter user @antonio50221026: It says on your website that, “Empowering retail to liquidity farms like whales”. Can you explain more about this topic? How does Marnotaur provide powerful access to retail users that are overshadowed by whales?

A — Masha from Marnotaur: Marnotaur provides under-collateralized access to liquidity farmers as well as 9x leverage for farming, so they can earn large profits with minimum capital

Q — Twitter user AugustK95: It’s caught my attention that margin platforms have not yet been established in DeFi. Is there a reason for this? Or is it that the platforms in CeFi are strong and secure? If not, then what solution does Marnotaur provide for the Margins?

A — Masha from Marnotaur: Actually, there are decentralized platforms that offer margin trading, just not many. One of the main reasons is high gas costs. But these types of platforms are starting to appear now and we are delighted to be among the first. Now we are creating a platform that uses the best solutions from both the CeFi and DeFi markets.

Q — Twitter user @AlexBitcoin12: Can you give us some examples and comparisons that show how Marnotaur can increase our returns when we want to provide liquidity vs. current yield farming? How does this leverage influence the impermanent loss problem?

A — Masha from Marnotaur: Marnotaur provides innovative solutions and tools for setting up a passive income from liquidity provision. Our platform offers users different pools: 1. LP staking pools. The user adds LP tokens to a pool and receives income ranging between 10% to 1,000% APY. 2. Single staking pools. The user adds Native coins to a pool and receives a reward from 10% to 1,000% APY. 3. Single staking pools for lending/borrowing. These pools are more profitable than the previous types because the user adds Native coins to a pool and receives two types of rewards: a reward for providing liquidity (from 10% to 1000% APY) and a reward for providing these Native coins to borrowers. As for the last question, Marnotaur does not have standard farming pools. So when a user provides liquidity to our pools, they won’t face the impermanent loss problem as they provide one currency, not a pair. Secondly, in the initial stages, we will only offer a limited amount of pools with a low risk of losing assets. Furthermore, we distribute the liquidation fees among liquidity providers and this makes our solution more profitable for them

Q — Telegram user Leyna Greisy: Marnotaur has a leveraged trading feature, how does this feature work? And what are the fees for trading with leverage? is it worth it with the results?

A — Masha from Marnotaur: Our margin trading works without the use of third-party services and perpetual contracts. All the liquidity for carrying out operations with leverage is borrowed from liquidity providers. Therefore, liquidity providers receive a percentage for lending funds, and traders get the opportunity to increase the efficiency of their capital.

Q — Telegram user PAULO MAGCO: Can you explain your project solution about Capital efficiency improvement? And what minimum capital do we have to spend?

A — Masha from Marnotaur: Capital efficiency is how much capital your capital makes or, in other words, how much capital you should spend to earn more capital. If you earn 10% more capital than what you have, the efficiency of your capital is 10%. With Marnotaur, capital efficiency is how much capital you can leverage with the funds you already have. You can take out a loan worth four times the capital you have and end up with five times the liquidity in your hands than what you initially start with. Thus, the capital efficiency of your funds can reach up to 600% with the Marnotaur project

Q — Telegram user Keymer: I understand that the maximum leverage provided by Marnotaur is 5x, but really why would I prefer to trade on this platform when I can trade with more leverage on CeFi and with much fewer complexities?

A — Masha from Marnotaur: 5x leverage will be available on the 1st stage of the project, on the next stages we are planning to make it up to 10x. We are creating a DeFi product, so you don’t need to pass any KYC/AML or do a lot of other stuff to gain leverage. You just need to connect your wallet. Everything is very simple

Q — Telegram user 🙋🏻‍♂️ Kevin | NEW HIGH 📊: Marnotaur is a tool for leveraged farming and trading. How can I then start investing for example in Bitcoin leveraging my capital? Is it enough to move my USDT to the Marnotaur app and take a position at 5x on BTC/USDT? Is it that simple? Do I need $TAUR tokens at some stage?

A — Masha from Marnotaur: When you make your first deposit to the platform, a personal smart contract is generated for you, which acts as a remote wallet, as it was, for example, a CDP for DAOMAKER. This wallet automatically borrows funds in the same currency that you have deposited. Then you can trade inside the interface of our platform, exchange on large AMMs PancakeSwap on BSC or Uniswap on ETH. You cannot withdraw funds from this wallet until you pay off the debt for the liquidity provider from whom you borrowed funds. You can manage risk by balancing the assets inside your wallet

Q — Telegram user mElon Masak: “Go Bullish With Marnotaur”. What message do you really want to convey and users believe with this tagline? Is this some kind of warranty?

A — Masha from Marnotaur: The word ‘Marnotaur’ is a combination of ‘Margin’ and ‘Minotaur’, which we translate as all the advantages of margin trading and a bull market. The idea that inspired us to create Marnotaur was taken from the myths of ancient Greece, from the Minotaur who lived in a maze. We wanted to become more remarkable on the DeFi market. Now the idea is that the DeFi market is like a maze and Marnotaur provides all users with a ball of thread so that he or she may navigate the twists and turns of DeFi without getting lost. That is why bullish and Marnotaur.

Token

Q — Ayeley from GAINS: What is the token use case and how does it capture the value of the ecosystem you’re building?

A — Masha from Marnotaur: The $TAUR is the utility token of the Marnotaur platform. TAUR will be used for the following purposes: — Rewards for users for providing liquidity. — Rewards for staking. Stakers earn a share of the revenue from liquidations. — Rewards for farming. — Platform governance. Token holders will be able to vote for proposals to develop the platform. We also have a buyback-and-burn program to take pressure off the token price

Partnerships

Q — Telegram user Femi Oyinloye: What relationship do you have with Avalaunch, MarsAcademy, Hyperion Decimus, Lemonade and OneMax?

A — Masha from Marnotaur: Some of the questions were regarding our partners, so I will answer all of them. All our partners can be found on our website. You can find detailed information on each partnership in our detailed medium partnership articles.

Finances

Q — Ayeley from GAINS: Have you raised any funds since you started working on the project in late 2020? If so, how did you handle them? Are you planning to raise any more in the future?

A — Masha from Marnotaur: Our project is self-funded. Now we are working with MakerDAO to launch an IDO on BSC. We will conduct a Community Round to reward our first users. To take part in this round, users should subscribe to our social media to see the announcement about it from first hands.

Business Development

Q — Ayeley from GAINS: What stage is the project at? And what should we expect in the coming weeks?

A — Masha from Marnotaur: Currently, our platform is under development now and we are getting ready for the testnet release for our community. You can visit our Telegram group to find out all the details about the product and follow our news. There will be 4 development stages to the Marnotaur: alpha, beta, gamma, and mainnet. They differ in the sums that users can deposit, borrow, lend and trade. Everyone can join the Marnotaur testing phase and earn some handsome rewards here.

Mariia, thanks for coming into our community, and taking the time to answer our questions. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS Associates 🐋

Thank You for inviting us! You can visit and follow our socials:

Website | Twitter | Medium — Masha Danilova from Marnotaur

Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun, and knowledgeable community!

Website | Telegram ANN | Telegram Group | Discord | Twitter | YouTube

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