Athos Finance

On May 24, Linear Finance Community hosted our project lead, Kelvin Lam, for an AMA session. Thank you for everyone who showed up and participated. For those who couldn’t make it, we have put together a highlight for you!The following highlight focuses on the discussion around Athos Finance. If you would like to see the full recap, you can click <a href="https://medium.com/linear-finance/linear-finance-ama-recap-24-05-2022-739dea145498" rel="noopener noreferrer nofollow">here</a> to read Linear’s recap.Ant: What plans do you have for the future of Linear Finance? What can we expect in the coming weeks/months?Kevin | Linear Finance: So we have been building for over 1.5 years now. The protocol remains well capitalized and the team at Linear Finance is growing. This last month we added three new devs as we are looking at ticking off several boxes from our 2022 Roadmap.The top priority is always protocol safety and stability which we are constantly working on. As such, the team continues working on enhancing certain code bases to bring additional stability to our exchange and Buildr.But in terms of new features, you can expect in the near future, you will soon see a user driven liquidation mechanism, multi-collateral staking, increased incentives for ℓUSD/BUSD LP Vault, and advanced orders, to name a couple.One of our wonderful users was asking why we are expanding into other chains. The answer to this is that one of the goals of our protocol was always to be multi-chain and we have been committed to building on BSC and Polkadot since the start. The expansion gives us access to new users and hopefully additional TVL and usage. Now, this doesn’t mean that we abandon Linear. All new functionalities will be built into Linear protocol and we will find ways to accrete value to LINA holders. For instance, we will be looking to allow users to bridge LINA over to the other chains to stake in our other protocols. This is just one of the ways we look to bring additional value to holders.Now, we have expanded from a tech perspective but we also are increasing our bench strength on the business side and as you guys know, we will be building a replicate synthetic exchange on Polkadot through Moonbeam.As such, I want to introduce you to one of our new teammates, Kelvin Lam. He will be the lead for Athos Finance and will be leading Linear’s integration on Polkadot through Moonbeam.Kelvin | Athos Finance: Thanks a lot, Kevin. Hey everyone! Nice to meet you all.Ant: Thanks Kevin for the in depth answer, looking forward to seeing it all live. And thank you Kelvin for being here!Kelvin | Athos Finance: Thanks for having me here!!As Kevin mentioned, I am the project lead of Athos Finance. As many of you already know Athos Finance will be the first decentralized delta-one asset protocol on Moonbeam. Users will be able to create and trade a wide range of synthetic assets that track the price behavior of assets such as digital assets, commodities, forex, and market indices. It aims to provide on-chain price exposure to users anywhere in the world without the burdens of owning or transacting the actual assets.Ant: Cool beans! So Kelvin, can you tell us more about yourself? Your background and past experience? And are you Kevin his evil/good twin?Kelvin | Athos Finance: Hahaha… I have always been into technology and innovations since a very young age. Throughout my career, I have worked at a number of technology companies and major conglomerates across Asia, with experience running different functions such as product management and operations.What really got me interested in DeFi was my experience at a FinTech company I used to work at. That’s where I came to realize that the current setup of the financial system leaves much to be desired. I thought DeFi and crypto, in general, could be an interesting fix to the problem, making products and services decentralized, trustless and permissionless. Since then, I have never looked back!Ant: Cool! Seems like you know a thing or two, So tell me a bit more about Athos. Will Athos Finance have a token? And if so, how will it be distributed? Token Sale? Airdrop?Kelvin | Athos Finance: Sure — definitely. $ATH will be Athos Finance’s native utility token. And we chose $ATH as the ticker for a reason of course.In terms of distribution, we’ve taken into consideration the feedback the team received from Chaotic Finance’s launch and we will do things slightly different this time around.Of course, Linear and Chaotic supporters will receive $ATH airdrops, but they will also receive the opportunity to get access to a discounted token sale based on their previous interactions with Linear and ChaoticThe team is also exploring the release of an Athos NFT collection. Holders of the NFTs will become part of an exclusive club that gets extra perks and benefits when interacting with the Athos Finance product suite moving forward. We will share more details about token utility, distribution mechanism, and the NFT collection in the coming weeks. So stay tuned!Ant: I’d like to be part of a club, sign me up! Nice to hear that you’ve taken in the feedback from the Chaotic launch! So when can we expect Athos Finance to launch? Do you have a roadmap you can share with the community?Kelvin | Athos Finance: We will announce Athos’ roadmap in detail shortly in the next few weeks. We are actually working on some exciting features that some Linear supporters have been looking forward to for a long time. I don’t want to spill too much yet, but multi-collateral is definitely on the roadmap — allowing users to build debt with other assets such as GLMR, wBTC &amp; wETH at lower P-ratio to maximize capital efficiency.As for the launch date, we are aiming for late Q3 this year. In the meantime, we will keep everyone updated as we continue to build.Ant: Nice, I’m excited to try out the multi-collateral part. Have struggled with p-ratio before. And where can we follow Athos Finance and get the latest updates?Kelvin | Athos Finance: Sure! You can follow us on our social media, we’re on a couple of different platforms:Twitter: <a href="https://twitter.com/Athos_Finance" rel="noopener noreferrer nofollow">https://twitter.com/Athos_Finance</a>Discord: <a href="https://discord.gg/tHAhkgg4ad" rel="noopener noreferrer nofollow">https://discord.gg/tHAhkgg4ad</a>Medium: <a href="https://medium.com/&#64;athos.finance" rel="noopener noreferrer nofollow">https://medium.com/&#64;athos.finance</a>Announcements: <a href="https://t.me/athos_finance" rel="noopener noreferrer nofollow">https://t.me/athos_finance</a>Please drop by our Discord and say hi — would love to get to know all of you and talk more about Athos, or anything really.Ant: Cool! I’m pretty new to the discord scene myself but I know one thing about Discord… OG role?Kelvin | Athos Finance: Definitely! We do have the Athos Giants role in our Discord.We are actually doing an early bird reward now. The first 150 members on our Discord will be given Athos Giants roles that will come with some exciting surprises down the road! More details to follow!To get the Athos Giants role, you can also take part in Athos Quests that we host regularly in our Discord. You will be able to earn XP, Athos Giant roles, and other rewards by participating!Ant: Thanks for the answers, Kelvin and Kevin! I’ll open up the channel and will maybe delete some spam. Perhaps there are some more questions from some members, you have a second to stick around?Kevin | Linear Finance: Yeah, let’s do it.Wakana: Hi Kevin, Kelvin and Ant. First, let me start by saying thank you for hosting this great AMA. The question I have relates to all three projects and I know this has probably been asked before, but what is the reason we are seeing three different tokens — LINA, CHAOS, ATH — could we not just have used LINA on all networks, were their technical difficulties to use the one and same token?? Would very much appreciate it if you could elaborate :)Kevin | Linear Finance: Hi Wakana, this is an excellent question. When building synthetic asset protocols for us, we have debt pools which calculate the user’s debt position on chain… It’s extremely difficult to build the same debt pool for multiple blockchains simply because syncing it across chains is almost impossible. Hence, we need to have different tokens… BUT, we are working on multi-collateral which will allow you to move LINA over to the other chain (in a wrapped format) to be staked.Steven: When the Athos airdrop happens will the allocation be again towards people that have held LINA at some point in the past but do not hold LINA today?Kelvin | Athos Finance: Hey Steven — thanks for that question. We are in the process of exploring different ways to distribute the airdrop. We do believe we should skew the rewards to those who are actively interacting with Linear and Chaotic today instead of in the past. As such, one of the options we are exploring is to apply in time period multiplier to the airdrop formula, allowing those who have interacted with Linear and Chaotic recently to get a more favorable weighting for the airdrop… So stay tuned for the airdrop announcement coming up!Ant: Thanks Kevin and Kelvin for sticking around for some questions! I’m sure there will always be more and I’ll try to keep track of some for future reference! Hope to see you around and I will come and annoy you Kelvin on discord soon!Kelvin | Athos Finance: Thanks for having me here today! Look forward to seeing you all around!!Kevin | Linear Finance: Thanks for hosting!!!<h2 id="header-0">About Athos Finance</h2>Athos Finance is the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage.<a href="https://discord.gg/tHAhkgg4ad" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://twitter.com/Athos_Finance" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/athos_finance" rel="noopener noreferrer nofollow">Announcements</a>

Linear Finance Telegram AMA Recap (24/05/2022)

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Athos Finance

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