Meter.io
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Meter.io

Chee.Finance x Meter.io AMA Recap

Alometer — Yesterday at 18:01

Hi everyone and welcome to a very special AMA with the Chee Finance team!

Here are the key links, please make sure to follow Chee on their social media and stay up-to-date on the latest developments.

Website: https://www.chee.finance/

Github: https://github.com/chee-finance

Mirror: https://mirror.xyz/0xDE5710e2A9f657893a4cE47953dFdC846a1E9109

Telegram: https://t.me/CheeFinance

Telegram TR: https://t.me/CheeFinanceTR

Discord: https://discord.com/invite/rBBAv5jUDv

GitBook: https://chee-finance.gitbook.io/chee-finance-docs/

Github: https://github.com/orgs/chee-finance

Twitter: https://twitter.com/CheeFinance

Alpha Testnet: https://apptest.chee.finance/

0xChee — Yesterday at 18:02

Hello Meterians! It is a great honor for us to be here!

I am Jeremy Mou, the CEO of Chee Finance

0xchee_K1 — Yesterday at 18:03

Hello everyone, thanks for joining us tonight

And I am Khalid Fattah the CMO of Chee Finance

Alometer — Yesterday at 18:04

Great to have you here and excited to educate our community on Chee Finance. Let’s start off with a brief introduction on your backgrounds and the core team.

0xChee — Yesterday at 18:06

Sure, me and Khalid are both blockchain veterans, we have rich experience in the crypto space especially for DeFi.

I used to work as a lead engineer in a Bitcoin payment company, and then I started working on crypto algo trading and marketing making. Also we did invest in a few DeFi projects.

Starting from this year, I think it is the good timing for us to really buidl some crypto native things. And we trully believe that lending procotol and one of the two most important DeFi tools, and there is a lack of innovation in this space.

So that is why we decided to work on Chee Finance and aimed at building the best and most advanced decentralized money market with FT / NFT liquidity supported.

Alometer — Yesterday at 18:12

Awesome! That leads us nicely on to the project you founded, Chee.Finance. For those in the community not familiar with Chee, can you give an overview of your project’s vision and where you are relative to that vision.

0xChee — Yesterday at 18:12

Cool

So basically now we are a lending protocol running on 4 testnets — Meter, Celo, Polygon, and BNB Chain. We have also set up our test bridge — thanks to Meter Passport, where you can visit at bridgetest.chee.finance. These are basic FT collaterals.

What makes us unique is that we will support NFT collaterals very soon, and unlike projects like NFTfi, which supports avatar NFTs which are hard to evaluate, we will start with Uniswap v3 LPs and veNFTs.

Alometer — Yesterday at 18:18

Totally agree that the lending and borrowing space could do with more innovation. Would be great to get your insights on the main deficiencies DeFi users are experiencing as well as how Chee aims to overcome these.

0xChee — Yesterday at 18:18

So basically we are building the most universal and advanced money market onchain, supporting all same functions as banks.

What makes us unique is that we will support NFT collaterals very soon, and unlike projects like NFTfi, which supports avatar NFTs which are hard to evaluate, we will start with Uniswap v3 LPs and veNFTs.

Alometer — Yesterday at 18:19

Looking forward to this!

0xChee — Yesterday at 18:23

Now for lending protocol users, they are limited to supplying and borrowing on the same chain, and limited use cases. We are improving this in 2 ways:

1. Support various kinds of collateral — FTs and NFTs;

2. Leveraging Cosmos’s IBC, Stargate’s layer 0 bridge or maybe Polkadot’s parachain to achieve a smooth and permissionless way of lending and borrowing.

Note these are not stories, but we have making big progress and should be launched soon.

Alometer — Yesterday at 18:25

That would be very useful so I’m sure our community cannot wait for the launch. We recently saw you won a $60,000 grant, that’s awesome! Can you tell us a little more about how you did that and what you’re going to mainly use it for.

0xChee — Yesterday at 18:26

Yep we would love to.

60k is neither a big amount or a small amount. What we did is we are trying to make full and right use of the money, of which most we have spent on development or reserved for future development. Also we paid for Certik’s auditing.

To be humble, I think we are really good at cost management. We have made comparisons with friends’ projects, we are saving 30% — 50% cost on certain needs. And the entire team are working super hard, over 14 hours a day, aiming at creating the best lending product.

And if not being humble, we really found sometimes we saved 90% on unnecessary costs.

But we are very generous to the communities, and would love to share as much from us as possible to the communities.

Alometer — Yesterday at 18:35

That’s efficient and impressive — your community must really appreciate the support you are giving back to them. We similarly achieved more than other projects who raised much more. Would love to hear what are some of your other proudest accomplishments to date.

0xChee — Yesterday at 18:38

On our testnets combined, there are nearly 20k borrow events with several thousand unique addresses. I think that is a good number for early stage projects with testnets live.

We are working to launch on all 4 mainnets very soon. And we are making sure that everything is good before official launch.

Also on Meter mainnet we will introduce our own price oracle, safe from flash loan attacks and with price updated in 20 seconds — better than other oracles used.

Alometer — Yesterday at 18:42

Awesome! Let’s talk more about our partnership, what is Chee.Finance’s current relationship with Meter.io?

0xChee — Yesterday at 18:42

Thanks would love to talk about that.

We love Meter.io and are proud to be a Meterian.

We think Xiaohan and the team have been working so hard since the project’s launch. They have delivered so many products with great quality. And we would love to continuously work together, to figure out new possible features and path that we can working on together.

So basically we commit to deeply integrate with Meter.io, and will consistently create value for all Meterians going forward.

Alometer — Yesterday at 18:49

Sounds great! What are the plans for future development together?

0xChee — Yesterday at 18:51

We would support some native Meter.io tokens as collateral, and we will launch pools on Voltswap. We also would love to collaborate with all the cool projects on Meter like treasureblox, meterpandas, TofuNFT, etc.

We will fight along with all the projects in Meter eco, and make Meter eco better and more prosperous.

Alometer — Yesterday at 18:53

Great, I’m sure the community will have some questions around Voltswap. Aside from our partnership, what does your future roadmap look like?

0xChee — Yesterday at 18:54

Thanks for the question. I will make commitments now.

Alometer — Yesterday at 18:55

Great to see a lot of positive reaction emojis to improving Meter ecosystem

0xChee — Yesterday at 18:56

So as I said, we will launch our mainnets very soon in 1–2 weeks. We will run IDOs / IEOs at the same time of TGE, which will be on either late April or early May — also depend on market conditions.

Alometer — Yesterday at 18:57

Looking forward to it and we are almost at the hour mark! Lastly when can our community expect the launch on Meter/Voltswap?

0xChee — Yesterday at 18:58

After TGE, which is more like a new start to us, we will work even harder to assign more value to $CHEE tokens. There are numerous thoughts are our minds — such as to find a way to help all crypto native projects grow and be their internal financial tool.

Alometer — Yesterday at 18:58

Great, how will users be able to buy $CHEE tokens?

0xChee — Yesterday at 18:59

We will announce here, please join or follow our communities to get the latest updates.

Hi everyone and welcome to a very special AMA with the Chee Finance team! Here are the key links, please make sure to follow Chee on their social media and stay up-to-date on the latest developments.

Website: https://www.chee.finance/

Github: https://github.com/chee-finance

Mirror: https://mirror.xyz/0xDE5710e2A9f657893a4cE47953dFdC846a1E9109

Telegram: https://t.me/CheeFinance

Telegram TR: https://t.me/CheeFinanceTR

Discord: https://discord.com/invite/rBBAv5jUDv

GitBook: https://chee-finance.gitbook.io/chee-finance-docs/

Github: https://github.com/orgs/chee-finance

Twitter: https://twitter.com/CheeFinance

Alpha Testnet: https://apptest.chee.finance/

IDOs and IEOs on the way.

And we are generous, so that the valuation will not be crazy, we hope all early adopters of Chee Finance will have a harvest.

Alometer — Yesterday at 19:01

Can’t wait! Opening up to some community questions now, I will kick things off with a question from twitter: You have a loyal base and grew your community quite quickly, how did you do this and what has been some of the best community feedback you’ve heard to improve your product/lending and borrowing space?

0xChee — Yesterday at 19:02

This is a great question!

paul89 — Yesterday at 19:02

I have 2 questions:

1- will be the benefit of having your token?

2- So I could provide liquidity e.g. on VoltSwap and the LPs I receive could I use them as collateral on your platform to get a loan?

0xChee — Yesterday at 19:04

There was a serious user who ran several tests on our testnets, and even record a video to show us a bug. I personally appreciate his engagement so much, and am so grateful we have such a great community.

0xChee — Yesterday at 19:06

As like other protocols, $CHEE can be used for governance. Moreover, $CHEE holders will enjoy benefits from boosted APR, NFT airdorps, and privileges with our partners. There are upcoming usages and we will post on our Twitter account.

paul89 — Yesterday at 19:08

other question: what types of pools will you create on VoltSwap?

Anviant — Yesterday at 19:08

Hi Chee Finance team! My question is: what aspect of DeFi are you most bullish on for the future? CHEErs!

0xChee — Yesterday at 19:09

We are still thinking about this. Maybe a joint CHEE-MTRG pool, or maybe a CHEE-BUSD pool, or maybe more. We will announce. Also we would love to hear suggestions from the communities.

0xChee — Yesterday at 19:10

CHEErs!

We are still thinking about this. Maybe a joint CHEE-MTRG pool, or maybe a CHEE-BUSD pool, or maybe more. We will announce. Also we would love to hear suggestions from the communities.

paul89 — Yesterday at 19:10

CHEE-MTRG and CHEE-BUSD are perfect!!

0xChee — Yesterday at 19:11

IMO the best lending protocol will always have a great future. Also I think Uniswap v3 related projects will be great too.

paul89 — Yesterday at 19:11

Maybe first you forget to reply this my question: 2- So I could provide liquidity e.g. on VoltSwap and the LPs I receive could I use them as collateral on your platform to get a loan?

0xChee — Yesterday at 19:13

Thanks! This is definitely something that we are working on. We will support both FT LPs and NFT LPs as collateral.

Alometer — Yesterday at 19:15

Awesome, this was a great AMA, thank you for joining us Jeremy and Khalid and taking the time to explain everything in depth, our community really appreciates it. Looking forward to our partnership and growing our ecosystems together!

0xChee — Yesterday at 19:17

Thanks so much @Alometer and @Xiaohan Zhu for hosting such a great event! We are super impressed by all the Meterians. We are looking forward to our next event together!

CHEErs to Meterians!

paul89 — Yesterday at 19:18

sorry last question, to use your dapp in meter testnet, i need chee tokens??

0xChee — Yesterday at 19:20

No you do not need. There is a faucet on sidebar where you can claim some test tokens (BTC, ETH, USDT), and also CHEETest which can be used on bridgetest.chee.finance .

0xchee_K1 — Yesterday at 19:20

Thank you so much for this fantastic AMA and all the great questions. We are Looking forward to being integrated with Meter and growing along together.

paul89 — Yesterday at 19:20

ok ok now i saw! thanks

MARCO.G89 — Yesterday at 19:26

Amazing AMA! Can’t wait to see the project launched $MTRG $CHEE

EGA 2ez4crypto | MeterPandas — Yesterday at 19:34

Great AMA!!

robbyrad — Yesterday at 19:46

Learned a lot! Thanks everyone!!

About Meter.io

Meter.io is a highly decentralized Ethereum scaling solution with a built-in metastable gas currency. It connects to Ethereum and other blockchains as a layer-two protocol and allows smart contracts to scale and communicate seamlessly through heterogeneous blockchain networks.

Follow Meter.io to learn more about the project and stay up to date on our latest updates:

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