Proxi AMA with Paul Jankovic

Steven Jim
Dec 22, 2020 · 7 min read

Introduction AMA

Eric: Thanks for coming Paul!

Paul: It’s my pleasure.

Eric: PROXI is just buzzing everywhere!

Paul: Yes, we are.

Eric: Congrats on this crazy hype.

Paul: Thank you! And thanks for the support!

Eric: So to start off, can you introduce yourself?

Paul: Sure, happy to.

This is Paul Jankovic, head of Marketing at Proxi DeFi.

I’m Bachelor of Computer Science in the University of Manchester. Expert in IT and Technology across several multiple industries.

Eric: Please tell us how you discovered crypto and came to work in the industry?

Paul: With leading backgrounds in the diverse industries, including J.P. Morgan, HSBC and Accenture, I gravitated towards the blockchain-based Open Finance for years.

The involvement with PROXI, the DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending, give me the chance to combine both my professional expertise and my personal passion perfect.

Paul: Yes! After working in the traditional financial sector for years, I started my investment in cryptos such as Bitcoins, ETH etc. They I started to do more research into Blockchain and the idea of DeFi. Then I found out, that DeFi could be a “go-to” solution for lack of transparency and low efficiency in the traditional financing. So I studied and then an opportunity came to me that I joined Proxi.

Eric: So Paul, what is Proxi Defi?

Paul: Yes, let me introduce Proxi.

In one sentence: PROXI is DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending.

PROXI provides the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.

The mission of PROXI is to build a one-stop platform for cross-chain multi-asset collateral service, Credit-based lending, derivative issuance, trading and asset management in the DeFi area, providing users with revolutionary, decentralized, and risk-minimized financial products.

Eric: Some have compared it to Synthetix or SNX. What would be the difference between the two?

Paul: Good question!

In my view, PROXI is the advanced mixture of Synthetix+Compound, providing the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.

Eric: Alright, Proxi has a dual token system. Can u explain the roles of the two tokens?

Paul: Yes. Let me explain.

Within the ecosystem of PROXI, there are two tokens functioning for different features respectively. CREDIT will be the utility token and PROXI will be the governance token. CREDIT is the capped supply ERC-20 token and will be issued soon via a series of Token Sale through multiple channels. CREDIT acts as the medium of payment and gas fees or commissions in the process of on-chain transaction, credit lending, asset issuance, trading, and other similar services. Fees will be partially burned, and partially extracted to the Collateral Pool as the Stabilization Fund to hedge the market risk.

Eric: How about Proxi, is it also capped and ERC20?

Paul: PROXI is the governance token and the detail is remain to be decided.

Eric: Who and what are the background of the team?

Paul: The team is with leading backgrounds in the diverse industries, including J.P. Morgan, HSBC and Accenture, the council of PROXI Labs has been nurturing the most promising application scenarios for Open Finance. More details you can check this page:

Eric @exnetwork, [18 Aug 2020 at 3:27:56 PM]:

Can you explain the partnerships especially with Tron?

Paul: Yes! https://twitter.com/DeFi_JUST/status/1294896890467647488

It’s about DeFi ecology cooperation between Tron, JustSwap and Proxi.

Eric: Wow!

Paul: The three parties will further cooperation in terms of technology collaboration, business development, marketing promotions as well as ecology support.

The utility token of PROXI DeFi $CREDIT completed its main-net swap to Tron.

Also we are thrilled to announce the first DEX listing of $CREDIT on JustSwap as the first stop of $CREDIT liquidity layout.

Community AMA

Q: Recently PROXI entered into a partnership with IOST. What benefit are PROXI getting from these partnerships? Will this partnership give rise to growth and success?

A: Yes, recently PROXI established collaboration with IOST to bring real values and innovations into DeFi and IOST. PROXI’s holistic approach to DeFi and cross-chain interoperability will open up more use cases and users base for IOST. As strategic partners, PROXI and IOST shall mutually leverage on each other with community growth, product development, technical support as well as marketing resources. The two parties aim to jointly create a decentralized world with a sustainable and profitable DeFi network.
If you wanna dig out more details about PROXI, please check the official website and the official wiki:https://wiki.proxidefi.com/.

Q: What special advantages does the Proxi Defi using blockchain technology ?
Can you explain how the value of the token is tied to the value of the $CREDIT. Basically, what is the incentive for a token holder to hold the tokens?

A: Question 1: The blockchain architecture of PROXI, which contains four core modules, namely, Interoperability Layer, Decentralized Multi-asset Collateral Pool, Module for Credit Lending with High Leverage, and the Derivative Issuance and Trading Module. Proxi is more than a DeFi platform. Beyond staking, PROXI offers cross-chain interoperability, Multi-asset Collateral Pool, and derivative issuance. In addition, it offers access to P2P lending and margin, and a unique portfolio dashboard.

Question 2: CREDIT acts as the medium of payment and gas fees or commissions in the process of on-chain transaction, credit lending, asset issuance, trading, and other similar services. Fees will be partially burned, and partially extracted to the Collateral Pool as the Stabilization Fund to hedge the market risk.

Q: What is the core feature that creates the value of ProxiDeFi? Can you tell some highlights from them?

A: Key highlights of Proxi are more about the product functionalities as Proxi supports Cross-chain Interoperability, Infinite Liquidity, Decentralized Multi-asset Collateral Pool, Credit-based high leverage tools, Limitless Derivative Issuance, Ideal Risk Management etc to make DeFi services user-friendly and accessible for all.

Q: Can you explain how the Deflationary Mechanism of Credit Tokens works, and what incentives users would receive for lending, borrowing and trading across the Proxi-Defi Platform?

A: In the tokenomics design of PROXI, with the growth of the derivatives issuance and trading volume, it’s the commission/fee income will inevitably increase. In order to effectively hedge extreme market risks, part of the fee in PROXI will continue to be injected into the stabilization fund pool to hedge market risks. Also, $CREDIT tokens will be partially burned as business develops.

Q: With the growth of DeFi on the Ethereum network, the fees have become extremely high, Would Proxi Defi support other Chains like Cosmos, Polkadot etc. for Cross-Chain Token Swaps?

A: As introduced, Proxi is for Cross Chain Derivative Issuance and Credit Lending. It’s actually built within our Blockchain infrastructure. In order to improve the user experience and increase the user adoption, PROXI is open to all fundamental cross-chain solutions such as Polkadot and COSMOS to accelerate the security, scalability and flexibility.

Q: What is your marketing strategy to attract more user to defi world? and how you ensure the platform will be friendly both for new and advanced users?

A: 1, We will work with world’s leading influencers such as Eric Su to bring Proxi into the spotlight of communities as we believe that the real marketing is always about people;

2, We will also work with top projects such as TRON and IOST to promote Proxi in an all-round way.

3, We will keep on working the product development. We believe that the good product speaks itself.

Q: #DeFi is currently trend. What do you think of the future of DeFi? In my opinion, DeFi brings a lot of benefits to users, but, in fact, DeFi conflicts about benefits with the Bank. How do you solve this problem?

A: I have been working in the traditional financing for years. So I know how badly the world needs DeFi and puts solutions to the issues facing traditional financing including lack of transparency and efficiency as well as high costs. In order to solve such issues, DeFi services much be user-friendly, secure and efficient. That’s what Proxi is dedicated in.

Closing Remarks

Eric: Thats about all the time we have. Thanks for taking the time, Paul.

Paul: So in August 19th, we will be holding AUCTION on Mesa.

Eric: Can u invite everyone to the official telegram and twitter?

Paul: Please join our official channels to be updated!

Official Twitter: https://twitter.com/_ProxiDeFi

Official Telegram: https://t.me/proxi_defi

Official Discord: https://discord.com/invite/N6PUXVh

Welcome to join us!

Eric: Thanks! Join the sale folks. Project looks lit.

Paul: Thank you, Eric!

To join in on the discussion feel free to join our group @amaroom

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