AMA Review | HECO Stars' Fantastic Fantasy Night Online Roundtable Forum

In 2020-2021, DeFi shined and became a hot concept in the market. However, under the DeFi craze, it is faced with various more sophisticated smart contract requirements and small-amount, high-frequency financial application scenarios. In these scenarios, Ethereum's high gas fees, congested networks, and TPS performance problems make it difficult to support its various complex applications. The emergence of the Heco ecosystem has given a shot in the arm to the suffering market.

On April 14, Manson Interactive hosted an online roundtable forum AMA with the theme "HECO Stars' Wonderful Fantasy Night", and invited representatives of high-quality projects on the Heco chain to conduct analysis with users. They will have dialogues from multiple dimensions such as technology, community, and users, providing more new ideas for the blockchain industry and multi-dimensional investment ideas for secondary users.

Attached is the full text of the AMA:

Host-Liu Jin:

Good evening everyone, I am the host of tonight’s [HECO Stars’ Wonderful Fantasy Night] AMA event, Liu Jin from the Fathead Fish Community. Thank you for the invitation from Manson Interactive.

This event is an AMA event of the blockchain Heoc ecological online roundtable forum initiated by Manson Interactive. The main content is about the development and ecological layout of the Heoc ecological chain.

This event invited five high-quality projects on Huobi's ecological chain Heoc to share with users, namely: decentralized trading platform - BXH, synthetic asset project - Synbit, decentralized insurance platform - ISM, decentralized lending platform - FilDA, excess lending agreement - PILOT.

First, we invite five guests to introduce themselves and their projects. First, Sammi, the head of marketing and product promotion at BXH.

BXH-Sammi:

Hello everyone, I am the person in charge of marketing and product promotion for BXH.

BXH's Chinese name is "笨孩孩". Maybe you have just seen some of the popularity of BXH recently. BXH is a decentralized exchange that integrates AMM, DAO and Staking deployed on Huobi's ecological chain Heco. On April 8, BXH won the first place in the "Gold Medal Creator" in Huobi's second "Creator Plan". I hope you can pay more attention to BXH when you have time.

Host-Liu Jin:

The recent emergence of BXH has also brought some impact and shock to other trading platforms on Heco. At present, the total TVL of the BXH platform has exceeded 900 million US dollars, which is a very good result. Next, please allow Synbit co-founder Leon to introduce himself.

Synbit-Leon:

Hello everyone, I am Leon, the co-founder of the Synbit project.

I am a technician, majoring in information security. I have nearly 20 years of experience in the field of information security, and I can be considered a veteran in the industry. My previous research areas were P2P distributed system security, mobile Internet security, and wireless Wi-Fi security. Later, due to my interest and professional background, I came into contact with blockchain technology and gradually devoted myself to this emerging industry.

Due to my professional interests, I initially focused on blockchain security. I once gathered a group of like-minded partners to form a blockchain security technology team, which was involved in security assessments of exchanges, wallets, smart contracts and the underlying blockchain. As I came into contact with front-line work, I became interested in the application field of blockchain. Currently, I am mainly committed to the DeFi field, especially the infrastructure of the DeFi field, such as stablecoins, synthetic assets, and oracles.

Since last year, I have started a business again with my friends. We have chosen synthetic assets, which is recognized as the most complex track in the DeFi field. It is a challenge to ourselves. We have worked together to build the Synbit synthetic asset platform. Needless to say, there have been many ups and downs in the process. It is worth mentioning that in this process, we have increasingly realized the wonders of the DeFi world, especially the fascinating field of synthetic assets. The Synbit project has just started. In the future, we hope to focus on making the Synbit platform a safe, reliable, and good synthetic asset trading platform, and a boutique project of the Heco ecosystem.

Host-Liu Jin:

Leon has extensive experience in the field of information security and is very interested in DeFi infrastructure, which should be one of the original intentions of Synbit. Thank you Leon.

Next, we would like to invite Dum, a core contributor to the ISM community, to introduce himself.

ISM-Dum:

Hello everyone, I am Dum, a core contributor to the ISM community.

ISM is currently the first derivative product in the Heco ecosystem and has been included in the Heco section on the Huobi APP. Unlike the brother projects participating in the event today, the insurance track has not yet exploded. We like to do something for the future. We believe that insurance is definitely an important cornerstone of DeFi. I hope everyone will pay more attention!

Host-Liu Jin:

ISM is the first derivative product in the current Heco ecosystem. If everyone wants to know more about ISM, please ask Dum to continue sharing with us the ISM dual token mechanism.

ISM-Dum:

ISM Protocol is a new DeFi currency price insurance protocol and the first currency price insurance protocol on Heco. We have previously opened currency price insurance for ETH, FIL, and HT, with millions of US dollars of funds purchased, which effectively avoided losses from previous falling markets.

We use the model of "both the underwriter and the insured have tokens representing them and they are tradable" (similar to COVER), and innovatively borrow from Opyn's "option guarantee that users can exercise at any time during the guarantee period" method to conduct decentralized currency price insurance.

It can be simply understood that ISM is a simple option hedging tool. ISM allows users to participate through multiple identities, market makers can enjoy dual-token liquidity mining, policyholders can hold insurance tokens to prevent asset losses, and underwriters can obtain premium profits through underwriting.

The total issuance of ISM is only 490,825. We will build more ecosystems to empower ISM.

Host-Liu Jin:

ISM's product design is indeed very innovative. The use of dual-Token liquidity mining to encourage users to spontaneously deepen the insurance pool and underwriting pool provides a better trading environment for users who really want to insure or underwrite. I believe that as more and more people discover the importance and prospects of DeFi insurance, the value of ISM will surely shine again.

Next, we would like to invite Mr. Song, the project leader of FilDA, to introduce himself and FilDA to us.

FilDA-Song Shijun:

Hello everyone, my name is Song Shijun, co-founder of FilDA and partner of the Elastos ecosystem.

I was engaged in mobile operating system software development in the early days, started a series of businesses in the Internet field, and later joined the blockchain community, launching projects such as Elephant Wallet, CryptoName, ShadowTokens, and TokSwap.

FilDA is a cross-chain lending DeFi project based on HECO. FilDA launched the Genesis Mining Fair launch at 20:00 on the evening of January 5, 2021, and launched 20 asset lending functions such as HUSD and HBTC. It is also the first lending project on Heco to disclose various APY data on the platform, and real-time transparent data on deposits and loans. It is the second place in the first phase of Heco's gold creator. The total amount of deposits and loans on the FilDA platform is up to more than 1.2 billion US dollars, and the maximum amount of FilDA LP is more than 30 million US dollars.

The FilDA project has no fundraising and no pre-mining, and is committed to being Heco's preferred user-friendly DeFi lending platform.

Host-Liu Jin:

FilDA’s recent listing on Huobi Global is also a major benefit to the entire Heco chain ecosystem. As the only project listed on Huobi Global in this event, we hope that Mr. Song can impart some advanced experience to us.

Next, we would like to invite Zi Ye, the person in charge of PILOT.

PILOT-Purple Night:

Hello everyone, I am Zi Ye, the head of Pilot Protocol and a former OKCoin engineer.

Pilot is the first excess lending agreement on the Heco chain. It innovatively uses a lending agreement with a maximum leverage of three times to solve the pain point of users who have DeFi mining needs but insufficient funds, and can help users maximize their profits per unit time.

Host-Liu Jin:

After experiencing a period of downturn, Heco's market attention and project performance are showing signs of recovery. As the Heco project owner, why did you choose the Heco chain at the time and what expectations do you have for Heco?

Let us first ask Sammi, the marketing and product promotion manager of BXH, to answer the question.

BXH-Sammi:

Compared with Ethereum, Binance Smart Chain or Polkadot, Heco is more inclined to be an underlying public chain dedicated to the liquidity of encrypted assets, fully compatible with EVM. BXH has successfully achieved higher transaction performance, lower fees, and smooth cross-chain of mainstream assets through Heco's HPoS consensus mechanism and meta-transaction function. We hope to help Heco in the future and become one of the high-quality projects on Heco.

In the future, BXH hopes to be empowered by the powerful Huobi business ecosystem behind Heco during its development, which will help it to advance rapidly in the short term and establish user stickiness and brand voice.

At the same time, BXH will continue to provide mature token liquidity pools (LP) to the Heco ecosystem and support the Heco community to participate in the governance of BXH DAO.

Host-Liu Jin:

Thanks to Sammi for sharing. I believe that with the efforts of the BXH team, BXH will become one of the best projects on Heco in the future. I look forward to the future development of BXH.

Next, let Synbit co-founder Leon share his thoughts.

Synbit-Leon:

Let me talk about our experience on the Heco platform and why we landed on the Heco platform.

The choice of Heco is related to our previous experience. Before we did Synbit, we had done an exploratory DeFi project on the ETH platform. It was a DeFi application positioned for lending and mining. What impressed me most was the high gas fee and the extremely slow transaction confirmation speed. Repeated optimization was of no avail, which scared away the users and shocked me and my friends.

As an innovative synthetic asset trading platform, the Synbit project trades traditional assets such as stocks, gold, and foreign exchange. It is a high-frequency trading system with high requirements for gas fees and transaction confirmation speed, which are important factors that directly affect user experience. Obviously, the ETH platform cannot fully meet our needs.

Later, we paid special attention to whether there were public chain platforms with sufficient credibility, low gas fees, and high compatibility with EVM. We have investigated many public chains until we came across the Heco chain. After multiple evaluations, the Heco chain almost met all our requirements, so we decided to land in the Heco ecosystem and realize our dream on the Heco platform.

The birth of the Heco chain has largely solved or alleviated some of the current problems of the ETH chain, such as high gas fees, slow transaction confirmation, and serious contract jams. This is the main reason why Heco is so popular. I hope that Heco will focus on the long-term, stay true to its original aspirations, and move forward steadily. We are still very optimistic about the future of Heco, and hope to deepen our efforts on this platform in the future. Synbit will grow with Heco.

Host-Liu Jin:

Thanks to Leon for sharing. Indeed, Heco's gas fee can be regarded as the last DeFi opportunity for small investors. Then let's invite Dum, a core contributor of the ISM community, to talk about it.

ISM-Dum:

Based on the words of the two bosses above, let me talk about the ISM team’s understanding of Heco.

Last year, the DeFi market suddenly exploded, exposing problems such as high Ethereum gas fees and slow transfer speeds. Insurance projects such as cover on ETH are also tepid, and we need to find a new ecological foundation to build on.

Heco's positioning and goal were very clear at the beginning, which was to incubate the DeFi ecosystem. Heco supports meta-transaction functions, which can enable users to reduce on-chain transaction fees in a step-by-step manner, and the reduced fees will be paid by Heco on behalf of users.

Technically, Heco provides a smart contract compatible platform that is more friendly to Ethereum, improves the compatibility of contracts, and greatly reduces the cost on the chain; it adopts the HPoS mechanism to achieve an average block generation time of 3 seconds on the chain, which greatly improves the on-chain performance and shortens the on-chain time.

Therefore, for developers, Heco is a more friendly and lower-cost option. It also lowers the threshold and cost of use for users. At the same time, relying on Huobi's own strong user traffic base, it can better bring a large number of users and funds to the Heco ecosystem. It helps new projects to complete the cold start.

Therefore, in the early stage, we chose to implement ISM on Heco. Next, we also plan to cooperate with other DeFi projects in the Heco ecosystem to explore more possibilities.

We can actually cooperate with many ecosystems on Heco, including some of the brother projects that came today, and provide insurance for their assets and currency prices.

Host-Liu Jin:

Indeed, another advantage of Heco is the support of Huobi's ecology. As the world's leading exchange, Huobi has a full-link and full-industry chain ecological layout. Joining the Heco ecology has, to a certain extent, put it on the fast track of Huobi's ecology.

Next, we would like to invite Mr. Song, the project leader of FilDA, to share his views.

FilDA-Song Shijun:

Before developing on Heco, we originally considered developing on Ethereum, but when Heco was launched and we saw the news about the Creator Project, we contacted the Heco team as soon as possible. Since our team had accumulated experience in product and code development for lending for half a year, we quickly deployed and launched on Heco.

After connecting to Heco, Heco provided FilDA with as much technical support and assistance as possible, and FilDA also provided feedback to the Heco technical team on the user side. After a period of running-in, whether it is the gas fees or all aspects of the user's actual experience, it can be said that it is very user-friendly in every aspect.

At the same time, the Heco operation team also helped connect a series of wallet and media services. Thank you very much @许浇刀, it’s great to see you here. All these have given FilDA higher performance, lower transaction costs and other advantages, and improved the transaction experience of users on FilDA.

Heco is a young, vibrant world with infinite possibilities. Operating on Heco itself is a great help to FilDA. FilDA can grow and develop faster with the help of Heco's overall development dividends and policy benefits. Heco also has a natural traffic advantage, which is crucial to the development of FilDA.

In terms of ecology, the Heco operation team also helped FilDA connect projects in different tracks. FilDA landed on MDEX. FIlDA has carried out in-depth cooperation with more than a dozen DEX, machine gun pool projects, insurance projects, derivatives and other projects, bringing FIlDA users a better user experience, a wider audience and a variety of scenarios. This is a process of mutual promotion of the Heco ecosystem.

In general, Heco has given FilDA and its ecological development "invisible wings" through various initiatives, allowing FilDA to provide a lot of help in improving user experience, security defense, increasing liquidity and market size, providing privacy protection capabilities, etc., which greatly contributed to the development of FilDA's purpose.

Finally, from an investment perspective, one should pick up bargains rather than chase highs. Currently, Heco is full of lows and is worthy of attention.

Host-Liu Jin:

Thank you Mr. Song for sharing. We look forward to FilDA bringing us more surprises with the help of "Invisible Wings".

Next, we would like to invite Zi Ye, the head of PILOT, to share some thoughts and opinions with us.

PILOT-Purple Night:

There are two main points about Heco that impressed our team: one is the fast transaction speed, and the other is the low transaction fees.

If you have used Pilot, you will know that according to our current system design, if it is in the Ethereum ecosystem, the single transaction fee is estimated to be around 160-200 US dollars. We believe that the current cost and speed of Ethereum are not enough to support our development on Ethereum, so we have chosen Heco as the first step. Of course, the final result also proves that our choice of Heco is a very correct decision. We have been online for less than 2 months, and the TVL has reached 598 million US dollars, and the leveraged liquidity TVL is 140 million US dollars. Our current revenue, daily active users and other data are also very good.

Our current monthly revenue is conservatively estimated at 5-6M. In terms of revenue, we are probably ranked second after Heco.

In addition, regarding Heco's expectations, we hope that the Heco ecosystem will develop more healthily and steadily, and that more valuable projects will choose the Heco ecosystem. We also hope that Huobi will increase its attention and investment in Heco. Of course, we are very grateful for the support and help of many Heco students. In the growth process of Pilot, Heco students have given us a lot of cooperation and support.

Host-Liu Jin:

Thanks to the answers from several guests. It seems that everyone has a similar consensus on Heco. Low gas fees, fast speed, good development environment, and support from the Huobi ecosystem all make Heco one of the most suitable public chains for DeFi and NFT innovations in the world.

As one of the leaders in each track of Heco, what plans do each project have for future development, and what measures have been taken so far? We still ask Sammi, the head of marketing and product promotion at BXH, to tell us his views.

BXH-Sammi:

In the future, BXH will continue to focus on how to create more value for users, better trading experience, lower slippage, lower transaction costs, better LP yields, and more partners.

BXH will proceed steadily, expand TVL, expand the second pool, and assist the Heco public chain to expand the ecosystem and increase the repurchase amount. If possible, it will also develop and maintain supporting trading tools and trading pair information to give the market confidence. In the future, there will definitely be further development.

Host-Liu Jin:

As a Heco user, I feel that the sincerity with which BXH manufactures products truly for the users can impress them. I also hope that BXH will do better and better in the future.

Next, we would like to invite Leon, co-founder of Synbit, to talk.

Synbit-Leon:

At present, there are relatively few participants in the synthetic asset track. Compared with its peers, Synbit has its own advantages in product design. We have summarized the following five points:

1. The first to realize multi-asset pledge. Currently supports HT, USDT, HUSD, MDX, etc., and will gradually introduce more credible and valuable assets in the future;

2. Full ecosystem incentives, more fair. The incentives cover the entire chain including staking, trading, liquidity provision, currency holding and lock-up. As long as they contribute to the development of the platform, they will be incentivized, with no blind spots in all aspects;

3. A perfect liquidation mechanism is safer and can always keep the platform running smoothly, eliminate risks in the bud, and make the entire platform run steadily and long-term;

4. More diversified trading products. In addition to common digital assets, here are some typical examples, such as oil, gold, stocks, foreign exchange, etc., which can greatly reduce the threshold for users to participate in related transactions and make transactions easy to obtain;

5. Based on the Heco smart chain, it has high efficiency, low cost and smooth experience. Everyone has experienced this, so I won’t say more here.

Synbit was launched on April 12th, and it has only been a few days so far. Compared with the big guys, we are still a newcomer. We are still closely advancing various development work at Jinluo. Due to the limited time in the early stage, many planned tasks in the first phase were not completed in time, and they need to be completed and improved as soon as possible in the second and third phases.

Synbit's subsequent work mainly includes the following points:

1. Continue to strengthen security work. The synthetic asset platform is related to the security of user assets, and security work is of paramount importance. At the same time, we come from the security field, so we pay special attention to the security of the platform. In addition to our own multiple rounds of internal code review, we also hired a well-known security audit company to conduct a security audit of our code. We know that security work is never-ending. In the future, we will hire more security companies to conduct security audits on our code and establish strategic partnerships with them to carry out security work throughout, so that users can trade with confidence on the Synbit platform.

2. Listen to community opinions and feedback, further clarify product goals, and provide a better user experience. In the past few days since the platform was launched, we have heard a lot of feedback from community users on our products, which is very important to us. It can be said that user requirements and dissatisfaction are the direction we are moving forward. Most of the time, the first phase of development work was closed development, and we paid less attention to the voice of the community. In the future, we will spend more energy listening to the opinions of the community, constantly revising and improving our plans, and making the future direction clearer.

3. Carry out close cooperation and exchanges with peers. All fields of DeFi were originally integrated, but they were divided into multiple tracks because of different focus and strength points. In fact, they are all interconnected. In the future, we will carry out in-depth exchanges and close cooperation with peers in the DeFi field, especially those in the Geco ecosystem. Today, I met many big guys and realized that the Heco ecosystem is full of talents. Many hands make light work. Now that so many great people have invested in the construction of the Heco ecosystem, I believe that the Heco ecosystem will be vibrant and full of vitality in the future.

Host-Liu Jin:

Thanks Leon. As the first synthetic asset project on the Heco chain, I have high expectations for SYN. ​​I can't help but ask a question: Can Coinbase stocks be traded on SYN?

Synbit-Leon:

Yes! Coinbase has not yet been launched, but we are ready to go. Anyone interested can come to the free communication time after the event to discuss in detail.

Host-Liu Jin:

OK. Thanks again, Leon. If you are interested, you can also talk to Leon after the event.

Next, we would like to invite Dum, a core contributor of the ISM community. What are your future development plans for ISM?

ISM-Dum:

We chose insurance as our track because we saw many opportunities in this field.

In the traditional financial field, insurance is a very important component. Today, the decentralized financial market is booming, but the prerequisite for users to participate is still to protect their principal from loss.

ISM's currency price insurance is essentially an insurance mechanism for predicting the market, providing a decentralized risk bet for future currency prices. This betting model is a mechanism for underwriting and insuring tokens. In the future, we may enrich the currency price insurance products of financial products such as derivatives trading and option agreements. So next, we will focus on product innovation:

1. Launch more currency price insurance for underlying assets, such as BTC, FILDA, etc., and also launch more flexible currency price insurance cycles, such as BTC currency price insurance for one week, half a month, or one year;

2. Expand more ecological applications, from the current currency price insurance to more insurance assets: contract systemic vulnerability risk, founder's unexplained death or private key loss insurance, etc.;

3. We will continue to follow the market and cooperate with some well-known NFT projects to launch NFT insurance. This is an industry first. It is similar to the traditional insurance industry that provides insurance services for some precious items such as famous paintings and antiques.

Secondly, ISM will empower ecosystem participants through various mechanisms. For example, the ISM insurance broker activity will be launched soon. The insurance broker will be launched next Tuesday, April 20.

The insurance broker system is a marketing method pioneered by ISM in the DeFi field. We transform the existing insurance sales system in the traditional industry, integrate DeFi and blockchain gameplay, and migrate the powerful insurance sales network to DeFi.

In the mature insurance markets of developed countries, more than 70% of the business is undertaken by insurance brokers, and entrusting brokers to handle insurance business has long been an international practice. Of course, insurance in the DeFi market is quite different from the traditional market, but the commonality is that regardless of decentralization, insurance is a contract, and the core function of the economic man has not changed.

The core gameplay of ISM's insurance broker system can be summarized as: extreme destruction + dividends.

If A wants to become an insurance broker of ISM, he needs to consume 2 ISMs and cast an ISM insurance broker seal. Only users with the seal are eligible to invite others to become insurance brokers of ISM. If A invites B, and B consumes 2 ISMs to cast the seal, then 56% of the 2 seals consumed will be distributed to the superior A as an invitation reward, 6% will be directly destroyed, and 24% will be injected into the ISM insurance broker management fund.

B invites C, and C consumes 2 ISM casting stamps. A will receive a 14% invitation reward, B will receive a 56% invitation reward, 6% will be directly destroyed, and 24% will be injected into the ISM Insurance Broker Management Fund.

Our brokers' direct income comes from two parts, one is the income from the lower-level steel stamp casting, and the other is the income from the lower-level mining. Brokers can invite other users to the ISM insurance pool for lossless mining. Part of the mining will be distributed as a reward to the inviter, and part will be injected into the ISM insurance broker management fund pool.

Insurance brokers will be divided into grades according to their performance, and the dividend weights of different grades in the fund dividend pool are very different. Therefore, it can be seen that the income of insurance brokers will be very high, which can be understood as: total network dividend + direct performance reward income.

We believe that insurance, as an important cornerstone in the traditional financial world, will also explode in the DeFi financial world. The future is here, and we hope that ISM can become the future of DeFi insurance.

Host-Liu Jin:

Expanding the types of insurance and adding NFT insurance is to take decentralized insurance to the extreme.

Next, we would like to invite Mr. Song, the project leader of FilDA, to share some information about the FilDA project.

FilDA-Song Shijun:

Listing on Huobi is a key step for FilDA and a new starting point for FilDA. With this as a starting point, FilDA will focus on a broader future, continue to delve into the DeFi lending field, optimize and innovate FilDA product design and user experience, and unlock a new FilDA. To this end, FilDA will gradually achieve the following goals:

1. Create a global ecosystem. We will cooperate with Poly and ShadowTokens to gradually support more cross-chain assets such as ETH and BSC, realize asset interoperability, and create a global lending ecosystem;

2. Flash loans and derivative applications. Deepen DeFi products, design more high-quality products, and meet more user needs;

3. Credit transfer. Connect on-chain and off-chain data to achieve unsecured credit loans.

Standing at a new starting point, FilDA will continue to deepen its efforts in product security, data transparency, operational convenience, returns and security of deposit assets, etc., to create full-scenario, full-ecosystem, and full-chain lending products, and provide users with a reliable, secure, and easy lending service platform.

For specific products, everyone is welcome to experience our official website https://filda.io.

Host-Liu Jin:

What FilDA is going to do next is basically around lending and credit. I personally have always believed that how to implement a credit system in the DeFi field is a very important and difficult thing, and I hope that FilDA can make lending products that make it more convenient and safer for users as soon as possible.

Next, let’s listen to what Zi Ye, the head of PILOT, has to say.

PILOT-Purple Night:

We have been designing products and projects with the original intention of creating valuable products, and promoting the development of Pilot with the logic of making correct and valuable products. Of course, because there are real needs and value, users and the market have not let us down. Our latest TVL is now 610 million US dollars, and the average fund utilization rate is 90%+. The fund utilization rates of assets such as USDT, MDX, and HUSD are all 90%+, and the current leveraged mining fund scale is 140 million US dollars. In other words, we have injected 140 million US dollars of mainstream currency depth into partners such as MDEX and BXH.

This data also shows that, on the one hand, users have real demand for leveraged mining, and on the other hand, because our capital utilization rate can be ranked first in the industry, it also ensures that we can provide the highest loss-free deposit interest.

I would like to explain here why our brand new project has achieved a stable TVL of US$600 million and its revenue has climbed to the second place among Heco just after being online for more than a month.

In short, we can provide the highest return while magnifying limited risks. For example, in the case of common trading and mining, assuming the return rate is 80%, the user's principal is 10,000 USD, and the annual revenue is 8,000 USD. On our side, because we can provide users with 3x leverage, with a principal of 10,000 USD, they can borrow 20,000 USD, and the return rate can reach 80%*3 = 240%. After removing the 10% annualized borrowing cost, the return rate can be increased from 80% to 230%, and the annual revenue can be increased from 8,000 USD to 23,000 USD.

It is also because of the extremely high returns and capital utilization efficiency that our leveraged mining has exceeded 140 million US dollars in liquid mining funds after only one month of launch.

A risk warning would also be given here, because after all, it is over-borrowing and leveraged mining, so there is still a risk of liquidation. However, because Pilot's leverage is not traditional leverage, but leverage based on the AMM mechanism, its risk is not as great as traditional leverage risks.

Due to time constraints, I cannot explain it in detail here. You can refer to the following figure:

If you are interested, you can take a detailed look at the above introduction and this picture. After reading it, you may understand why $140 million of "smart money" can stay stably in Pilot's leverage area, and you can also understand how to gain the highest returns with limited risks.

Our next product plan is mainly divided into three aspects:

1. Cover more assets. Support more DEXs, increase TVL, and increase revenue;

2. Increase the buyback strength. Since the launch of Pilot, there have been three rounds of buybacks, 100,000 US dollars, 500,000 US dollars, and 1 million US dollars. Currently, the fourth round of buybacks is being prepared.

3. There are currently plans and considerations for multiple chains, which are still in the preparation stage.

Host-Liu Jin:

Thank you to all the guests for your wonderful sharing tonight.

As Heco is a currently popular public chain, we believe that with the joint efforts of high-quality teams and projects, including the guests present, the development environment and infrastructure construction of the Heco public chain will continue to improve, laying a solid foundation for the rapid development of the entire Heco public chain.

I declare that the online roundtable forum AMA interaction of "HECO Stars' Fantastic Fantasy Night" initiated by Manson Interactive has officially ended. Thank you again.