1) Thanks for being here with us this evening. Daniel, can you tell us a bit about yourself, your background and how you get involved in this project. Please also introduce your core members in the team too. Share their Linkedin profiles if possible too.
Thanks for having me here and good afternoon all friends of Blockcast Community, my name is Daniel. I’m the tech lead of MetaFinance. Before blockchain, I have 20 years of experience in banking and traditional finance (tradfi).
With sheer interest, I entered the blockchain space in 2013, and have been working with multiple blockchain and DeFi projects since then. So I have the privilege to witness the development of the entire crypto industry. I joined MetaFinance last year and back then it was started as a side project. We completed proof of concept and went straight into developing the DAPP and that’s the Metapool we know today.
So including me, we basically have 13 members across the world and we also have community advisors for regional markets like China, Vietnam and LATAM.
2) Tell us more about MetaFinance. Why MetaFinance? Where is the company registered?
MetaFinance is an one-stop DeFi service hub with DAO governance. It currently comprises 5 parts: Metaboard, MetaFund, MetaTrigger, MetaDAO, MetaPool. In the next phase, we are going to deploy 4 additional and important modules so DeFi users can fulfil their financial needs on-chain in one place.
So MetaFinance is mostly solving the easy to access problem of today’s DeFi. We would like to make DeFi a thing for the mass rather than just for a small group of whales. MetaFinance is a decentralized organization so doesn’t really have a jurisdiction. But we do have a foundation registered in Singapore.
3) Share with us about your protocol tools- Metadex, Node, Metatrigger and Metadao?
Sure as the time is limited, I would like to focus on introducing MetaDEX. MetaDEX is going to be our next product hopefully launching by the end of the year. It aims to optimize small amount transactions by lowering the trading cost and bringing up the best price. You can compare MetaDEX to Clipper Exchange.
What we do more than them is that we are going to have our own launchpad for an excellent product to launch their tokens and even NFTs. We are working with top solutions like Arche Network to diversify our product too. So for our governance token holders, you will see a higher staking rate there in our product.
4) What is your advantage over your competitors?
Good question. As you all know that MetaFinance is consolidating the major functions in DeFi together and provide good access to our users. By consolidating, we don’t mean copy-and-paste. Actually, you can always do that in DeFi world and add your governance token, but we try to avoid it. We are adding innovative elements in all of our modules, and some can potentially go very big. For example, our yield aggregator is not only a proxy contract to farm other pools but we add in auto-compounding strategies.
We also break down our allocation in seed investment through MetaFund and direct it into the MetaTrigger so our DAO members can enjoy a share of our early-stage investment profit too. We have done it with ETHA and BDT, and more to come.
Another innovation we are contributing to the DeFi world right now is that our researchers are working with Hayden Adams’ team from Uniswap and Dave White from Paradigm to explore TWAMM algorithm, which is a cutting edge AMM algorithm that is based on time as the variable rather than price. When T=1 block time, you can basically figure out the real-time exchange rate and get a time-based order book. This is a much more efficient algorithm than the current AMM mechanism.
5) How are you going to market yourself from now till the end of the year?
Yes. On 2 Nov we gonna have an online anniversary conference where we invite many industry leaders in DeFi specifically in perp, derivatives, and even L2. Through this event, we will be able to get our project known by more people out there. We will also disclose more details regarding our MetaDEX. One possible exciting news is that MetaDEX might be launched individually with fundraising and support by institutional investors.
With the involvement of VCs, MetaFinance will be recognized by more people.
6) Please tell us what is your technology roadmap like? How do they make a difference in the current market conditions?
As I mentioned we gonna launch the MetaDEX by the end of this year. We are looking at launching MetaTrigger by end of Q1 next year.
7) Where will you be listing your project? Tell us your plans.
Yes. So currently we are listed in Pancake and Hoo Exchange. After the launch of MetaDEX, we will be seeking listing in more premier exchanges like Gate and Kucoin.
8) DAO is growing in Asia. What plans do you have in Asia?
Of course. We have a stronghold in Asia, and without the support of Asian communities, we won’t be able to get this far. Many of our communities are from China, Malaysia, and Vietnam.
There have been a few offline conferences held by our lovely communities in China and Malaysia this year. We also have very helpful community advisors having their boots on the ground to help with all the events too.
9) Users on the ground are still thinking that decentralised activities could end or be regulated by the government. What do you think of this? How will this impact your business?
Well, regulation is a necessary part of finance, so I’m not an anarchist. But regulation shall not stop people from accessing finance services or having their freedom to participate in financial activities.
Putting people into disadvantages in the name of ‘protection’ shall never be the purpose of regulation. In the long run, I’m optimistic about DAO and DeFi to bring about fundamental changes to human society. As long as the world governments are not untied as one, DeFi will be unstoppable
10) How do you see Defi in the long run? How will you evolve with time?
DeFi in the long run will first become the supplement to CeFi and become more predominant in long-tailed assets. We will see more innovations in this space that we never imagined before. More financial activities which used to be done by CeFi will move towards DeFi in the foreseeable future.
As for MetaFinance, we will definitely be evolving with the DeFi trend by keeping rolling out with new products and more than that, integrating these products into our token economics to have a compounding synergy.
11) We like to end this segment with an inspiring quote. Share yours with us.
‘God has given us two hands, one to receive with and the other to give with’ to all buidlers in DeFi.
Thank you.
