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Defactor x Satoshi Club AMA Recap from 9th of June

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Defactor and our guests were @b1rav @CF_vila. The AMA took place on 9 June.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Hello, dear Satoshi Club community! We are pleased to announce AMA with Defactor.

Hello Satoshi Club! We are happy to announce our AMA session with Defactor! Welcome to Satoshi Club

Today our guests are @b1rav @CF_vila!

Thank you Satoshi Club for having us

Hi everybody, thanks for having us!

Hello and welcome to Satoshi Club, @b1rav @CF_vila!

Welcome here, guys!

Our pleasure!!!

How’s going?

Very good in a beautiful sunny day in Barcelona

Thanks again for joining. Let’s start!

Introduce yourself, please. How did you get to be involved in crypto & Defactor?

Tell us please about your position Defactor?

Barcelona is one of the most beautiful places on earth

We finally have some sun in London

My Name is Ernesto Vila I am a Co-Founder and CEO of Defactor, Today I am happy to be here my our CTO

my background is in logistics, supply chain and trade finance

About 3 years ago I exited a logistics company I founded back in 1998 to start developing solutions for logistics providers and international trade with the objective to digitize some of those paper intense processes.

Great experience!

Back in 2019 I took a blockchain class at Oxford University that changed everything for me. Since then we have been shifting from traditional business to blockchain solutions.

Green technologies are close to you.

Towards the end of 2019, during a conference in Vienna we saw a presentation of Maker DAO and their plans to onboard real world assets to the Maker Ecosystem

Wow, you have such courses! Awesome!

From there we got an introduction to Centrifuge who was pioneering real world asset tokenization and we decided to do a pilot together. That was the very beginning of this journey.

They are cool guys, no wonder you were so inspired.

I will let Bahirav introduce himself as he has the most incredible background

Thanks Ernesto!

As Ernesto says, I’m the CTO for Defactor. I’ve been working in the tech industry for over 20 years now and I first got involved in trade finance / supply chain finance back in 2013 when I was the CTO for a global supply chain finance company

My interest in blockchain technologies started around 2016/7 when we were looking to see how we could use blockchain in financing trade around the globe but those were early days

For the past year I’ve been working with Ernesto on their journey in the DeFi space and this is how we now have Defactor!

Did you find how?

Guys! You have a great background for starting a business. And ideas.

So… What is the essence of Defactor?

Now we certainly have, back then, things were much more difficult

The essence of Defactor is to bridge Real World companies to tap into DeFi

a lot to talk about that

Great goals

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Defactor?

We’ve built connectors into DeFi liqudity i.e. Centrifuge and what we will be doing over the next 6 months is building the additional tools and infrastructure to bring on additional asset originators onto the platform, we have a number of asset origination partners that we are working with and what you can expect is that we’ll be starting with invoices and then moving onto loans and eventually real estate

Of course the timeline for the different asset classes is announced on our roadmap

Can you share your roadmap with our community

so, everyone can check it

Thanks for great introduction, we will have a question selected for the Part 1. Ready to start?

Yes we are

Yes indeed!

Complex question

We’ll be unleashing decentralized finance by giving real world asset originators the means to gain additional lines of funding for their assets. At the moment asset originators are struggling to gain financing and DeFi investors are looking for somewhere more tangible to put their money. Defactor enables both sides to gain what they want

A question of many parts

The primary function of the $FACTOR Token is to distribute value to stakeholders. Fees will be earned in the following ways:

Network / Application Charges

Margin on lending rates

Crypto <> FIAT spread / fees

Secondary Market fees (Early liquidation)

Non Performing Loan Management

A portion of this revenue will be used to buy $FACTR at market to replenish spending allocation buckets eg. Staking Rewards

A lot of ways to earn!

great benefits

With regards to technology, we’ll be open to asset originators from all countries and a number of the asset origination partners we are working with are funding companies across the globe

Where we can buy $FACTR now?

The $FACTOR Token will also form the basis of the Defactor governance process and provide the ability for stake holders to propose, vote and approve items to move the project forward. One key one will be should open to allow investors participate directly in deals generated by the network.

How ordinary users can participate in Defactor?

Private fundraising is currently underway, we’re planning a public IDO launch towards the end of July

Wow! Really soon

It’s near

do you already know details?

The users can participate in the Staking Pools

and Governance of the protocol


hope we will be able soon

Does community activity affect the final product?

Details will be coming soon

The private sale is going well, we have reached our softcap and are motoring towards our hardcap target

Don’t forget to share with Satoshi Clubbers

We definitely won’t

Thank you very much for such an extensive answer! ready for the next question?

Yes, the community will be able to vote to accept new asset classes or new asset originators and even different territories

Fire away!

So it is important to split out a couple of things here

For an individual asset there will be credit risk analysis performed — the asset originators themselves will have their own risk scores (those that are already providing funding) and Defactor will also perform risk analysis

For limits such as supplier concentration and debtor concentration, they will be set by the funding pools themselves and Defactor will enforce those rules. Invoice size limits will depend on the pool, but generally there would need to be some meaningful yield generated on an asset in order for it to go through the process

This pools will be on Defactor platform?

Defactor will also be doing due diligence on the asset originators themselves and their practices, finally as we will be tokenizing the assets and regulating the flow to the pools, we’ll be keeping a track of the funding history to ensure that any limits set, aren’t broken

Initially we’ll be using pools made available via Centrifuge


So how will the process go? Starting with the infusion of funds and ending with their withdrawal?

Ernesto will take this one

Right now we are connected to Centrifuge, so once an asset has passed the risk assessment is then minted and the values of it made into an NFT, this NFT is the collateral place on the liquidity pool to obtain DAI and finance the transaction

In the case of Trade Finance we are also taking the physicals underlaying goods been transported as collateral for the transaction

Nice system! It seems simple and secure

Thank you for your answers, guys! Are you ready for the next question?

Yes we are!!!


The kinds of operations we are looking at making part of the voting system are the onboarding of new asset originators and entering into new territories

As mentioned the token will unlock access to the tools and services on the platform but it will also be used to incentivise asset originators

Which feature is your greatest pride?

A difficult one to answer, we’re proud of everything — but what I would say is that as we have seen first hand what it takes for asset originators to integrate into DeFi liquidity and by bringing down the barriers we can really make it easier for companies to obtain funding

Thanks for your answers! Ready to proceed to the next question?

What is even more exciting is

Yes we do, as mentioned we are currently plugged into Centrifuge but they are also building out on Polkadot and we will follow and as liquidity pools that we are able to tap into emerge on other chains, we will be building bridges into them

You will have your own bridge, right?

This is the plan at present

And, as i understand you will follow Centrifuge? If they will add more blockchains you will do the same?

Whoever owns cross chain bridges today owns the crypto world

As one of our partners we will certainly work with them to ensure we can access funding for our asset originators, as other pools become available to us, we will also be working with them

Thanks! That’s clear! Next question is also connected with your partnerships

are you ready for it?

Go for it!

That’s a great question

There are a few angles to this question so first

Accelerated Payments, Lendwise, iHuddle all give us the opportunity to scale the platform quickly but in a controlled manner. Each of those companies is looking for additional liquidity to fund deals they already have going through their platforms

Defactor gives them the ability to grow not in just funding volumes but to open up new territories

For example, Accelerated Payments can expand the dollar financing they already provide in Africa

Lendwise is able to fund more student loans

We will also be partnering with non-asset originating partners so expect some more collaborations announced with more operational and strategic partners

Great opportunities for both of projects!

In the case of Consol Freight we will allow them to expand their market reach by implementing the tools for them to onboard more logistics providers to their platform and expand beyond the 49 countries they have presence on

What about your future partnerships? Which direction you’re looking at?

They will be more operational and strategic i.e. insurance is on our radar and we are already talking with potential partner around how we can bring this to the platform

We are currently in conversation with well established factors that are looking to expand into US$ denominated jurisdictions

Thanks for the great answers! Ready for the final question of this part of the AMA?


Yes we are!!

That’s another great question

The idea behind the secondary market is for us to allow investors to sell a whole or part of their investment if they have the need to liquidate, this is further down in our roadmap at present as we are talking to a potential partner regarding this

For non-performing assets we again are working with partners to either collect on the debt owed or sell the for any non-performing assets. It should be noted that the asset originators we are onboarding currently, do have their own insurance and collections process to mitigate the risks for investors

Sounds good

Thank you very much for your answers! it was dynamic and very interesting!

Please share useful links with Satoshi Clubbers before opening the chat

Please follow us at

Our website where you can find a link to the whitepaper:

Twitter: @defactor_

And i know, that our community is excited for the next part of our AMA! Live part!

Part 2 — live questions from the Telegram community

Thank you @mucana for the question, communities are very important to the success of Defator, as mentioned before our of our initial assets originators is on International Trade Finance, by definition the product is very international where most goods are manufactured in China and shipped to the Americas and in both sides of that equation they need financing so we are translating elements of the UX in mandarin and Spanish witch makes up for the biggest % of languages spoken, and we expect to rech different makets with the help of our community

Yes, through a DAO

Thanks for the question @messilolz

The core team at Defactor is very experienced, we’ve built and scaled companies all over the globe and are supported by some very experienced advisors and blockchain professionals. I think the key for us is that we have been actively involved in the finance / trade finance space for a number of years and have seen first hand how asset originators work and the struggles they face obtaining finance.

We also understand the challenges with regards to DeFi and connecting into liquidity pools. All of this experience helps us build the right tools to unlock DeFi for real world asset originators and we are not ones to run from our mistakes

We wont have a token burn, instead we plan to deploy capital from the treasury to buy back $FACTOR tokens to be place on the staking rewards and create a circular economy where the value of the token always increase as more asset originator need them to access the platform

Hi @andrey_seleznov, thanks for the question

DeFi and crypto bridging is obviously a crucial part of this and again we are talking with a number of partners in this space to ensure that the conversion of stable coin to fiat is smooth, cost effective and most importantly — speedy. The asset originators we are partnering with require EUR, USD and GBP, however the initial focus will be on USD as that is what most international trade is funded in

Indeed, we are focusing in the RWAO as there is a real need for financing in the “real world”. For example, Trade Finance a critical financial service for the international commerce is at its lowest due to Covid-19 and other issues in the market. In 2020, the service gap was $1.5T, the expectation is that post Covid-19 the service gap will be between $2T and $5T. This situation is a perfect opportunity to position DeFi as a true competitor in the financial sector and service the need for liquidity of not only traditional players in the financial market, but also allows for new business opportunities based on this new digital economy. Furthermore, DeFi protocols are now starting to onboard RWAs to their portfolios; an example of that is MakerDAO, which is currently onboarding RWAOs to stabilize the asset prices locked in their protocol.

Considering these factors, it is clear that scalability for RWAs in DeFi is required.

Thanks for the question @Alex_dro_Alax. Revenue from the platform will be generated by fees for access to the liquidity poolsr as well as revenue generated from the yield produced by the underlying assets. As part of our roadmap we will be offering more services (such as insurance as I mentioned) which will also be revenue generating

Our team is very diverse been the majority of them in Ireland, but we have members in the US, UK, Spain, Hong Kong and India

Thanks for the question @MaxiVV

What we mean by acting as the bridge is that we will be the connecting platform between traditional finance and DeFi. Large asset originators like the partners we have, struggle to obtain funding through traditional methods because banks aren’t lending at the scale that is needed and haven’t been doing so for a while. If you look at certain geographies banks have been pulling out of certain activities like trade finance and this is a big problem for SMEs that are looking to grow

DeFi lenders may well be tired of traditional lending but yield farming between different crypto currencies is also unsustainable. We provide real world assets that DeFi investors can put money into and importantly they can see that their money is being used to fund real things and have a real impact to businesses across the globe

We are making it easier for companies to get access to the liquidity — they won’t need their own tech team or to invest time and resources into building their own connectors


Hi @vedamatrix, NFTs are an integral part of Defactor. We are using NFTs to digitise assets and use this digital representation of the assets as collateral. From that point we are surrendering the NFT and obtaining funds for the Liquidity Providers

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

English Telegram group:

Russian Telegram group:

Spanish Telegram group:

Chinese Telegram group:

Indonesian Telegram group:

Telegram Channel:







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