Preaching Jianghu Episode 43 | DAOventures that made DeFi popular

Preface

"Evangelistic Jianghu" is an online live broadcast program created by Evangelistic Blockchain with depth, height and warmth. Together we will create, standardize and improve our own Jianghu.

The following is the interview transcript:

Host: Hello everyone, good evening, I am Chengzi, the host of Preaching Jianghu. Today we have invited Belinda Zhou, co-founder of DAOventures, to be our guest in the Preaching Jianghu live broadcast room. Please welcome her with applause~

1. Please introduce yourself first and tell us how you transitioned to your current role as co-founder of DAOventures?

Belinda: Hello everyone, I am Belinda, co-founder of DAOventures. Thank you for the invitation. I am very happy to be here tonight to share the mission and vision of our DAOventures with you.

I entered the blockchain industry in 2018 when I was a consultant in Dubai and founded TransGo Studio. Most of my time was spent behind the scenes helping Middle Eastern and overseas projects with localized promotion and marketing for the Chinese market. The organizations I served included the top 100 project owners by market value on CoinMarketCap, domestic and overseas investment institutions, and first- and second-tier exchanges.

This job is particularly interesting because project parties usually contact us early on to carry out publicity and promotion work, so we can capture new things in the market relatively quickly. Hot words have changed several times, from public chain TPS to dApp, from staking to DeFi.

In the second half of 2020, DeFi was born, and we have served many decentralized financial projects one after another. After a period of contact, I felt that DeFi had great potential and would explode. Compared with traditional finance, this market is the closest to money. In addition to the impact of the epidemic, economic fluctuations, and the issuance of legal currency, the world continues to look for safe-haven assets and censorship-resistant trading methods. Crypto assets and decentralized finance are really the best choice.

In fact, we are now at a small climax of DeFi. At present, due to the problems of DeFi's user experience and security factor, only a small number of people in the industry are playing with it. DAOventures is a solution to this series of pain points. My other co-founder Victor Lee is very smart. He has a very clear idea of ​​the product and knows what kind of DeFi strategy products can go mainstream. So when I got a deep understanding of what DAOventures was going to do, I agreed without hesitation to let Victor work on this project full-time.

2. Next, could Belinda please briefly introduce the DAOventures project?

Belinda: Just like today’s theme, DAOventures is an intelligent investment advisory platform. Simply put, we are transforming from human investment to machine/algorithm investment.

The target user group of our product is everyone, regardless of whether they understand DeFi or not.

Because our goal is to lower the threshold for DeFi investment and become an intelligent investment and financial advisor for the majority of users, allowing more people to participate freely and easily complete DeFi investment, helping them generate the best returns on their digital assets.

When investing in DeFi, DAOventures categorizes each product based on its risk level, recommends the most appropriate risk management strategy, automates management and returns, and presents all results in a very clear and easy-to-understand interface.

So you can understand that the DAOventures platform is an "intelligent fund manager" or an "automatically operated venture capital institution."

3. As the founder of DAOventures, can you tell us about your original goal in founding DAOventures, or what was your original intention in founding DAOventures?

Belinda: The starting point for creating this DeFi smart investment platform is very simple, because our team itself needs this product, and we will be the first users of our own product.

According to our survey and verification, the main reasons why most cryptocurrency investors are hesitant to participate in DeFi include the following:

1. Trust issues. Most DeFi products are anonymous teams, thus creating an environment of distrust.

2. Security. DeFi platforms are known for hacks and vulnerabilities. The platforms require many authorization steps, but penetration testing and auditing are not in place.

3. Poor user experience. Most DeFi is designed by developers, and it is difficult for ordinary investors to use DeFi. The UX is not good, and it is not easy for users to interact with DeFi.

4. Compliance. Investors need to know whether their funds are protected by regulations, but many DeFi products are eager to go online and have not yet passed the compliance and audit.

We are heavy users of DeFi and are well aware of the pain points and difficulties of ordinary users participating in DeFi. We believe that investment should not be a full-time job. Current DeFi investment consumes a lot of time and energy.

The Robo-advisory function of the DAOventures platform will automatically calculate and evaluate the risk factors and fund management returns of DeFi products in the background to help users make recommendations and choices.

Moreover, as DAOventures is an aggregator + asset management platform, users do not need to jump between various platforms such as Aave/Yearn.Finance/Compound.

Therefore, doing this project is actually the demand of our team, and it has also been verified by the market and users.

4. Our topic today is the smart investment advisory platform. Can Belinda explain to us what smart investment advisory is?

Belinda: Robo-Advisor allocates aggregated crypto funds based on an “Ethereum smart contract” that automatically invests in DeFi protocols and generates returns for LPs.

It’s the simple analogy we just made. If DeFi is compared to playing Landlord, we are the custodial function that helps you play cards and win.

We launched the beta version on March 30, and currently have medium and low-risk products to choose from.

Some of the products and solutions on DAOventures will also include:

Liquidity Mining Income: Generate income simply by selecting your portfolio. Choose from a range of different income strategies, from low risk, low return to high risk, high return.

Automated DeFi Managers: Automated DeFi Managers are simple, basic algorithms that deploy users’ cryptocurrencies to the best yield aggregators through USDT, USDC, DAI, and other stablecoins. The strategies of such lending platforms can be redistributed during contract interactions to obtain the highest yield.

DAOventures will also include lending and AMM in the future.

5. As a value investment user, the most important thing is the security of investment assets. How does DaoVentures ensure the security and transparency of user assets?

Belinda: DAOventures takes this very seriously. We have 3 layers of security:

Regular smart contract audits

Internal development cross-checks (and unit tests)

White Hat Open Source Bounty Report

In terms of insurance, we also cooperate with various insurance agreements to add insurance to high-risk products.

We plan to establish a safety fund SAFU in the near future.

The team also puts project assets and their own money on the DAOventures platform, forming a community of interests with users.

Simply put, if a product has not been audited by a third party, it will not be easily launched. In addition, the team will communicate the product stages such as alpha and beta, and inform users openly and transparently.

6. Can you briefly introduce the token model of DAOventures token $DVG and its application scenarios?

Belinda: Here is our token distribution mechanism:

DAO community and referral projects 6.6%

Technology and operations 6.6%

Core Team 8%

Partners and Consultants 8%

Initial liquidity and AMM 8.7%

Liquidity mining 51%

Private placement round 10.5%

Public offering 0.6%

Highlights: Liquidity mining 51%.

DVG is essentially the governance token of the DAOventures platform, which will be used for governance, voting, consensus, approval, etc. to ensure long-term community participation.

The specific manifestations are:

1. Platform Rewards: DVG tokens are used as an incentive mechanism to attract liquidity. Token holders can participate in liquidity mining to gain benefits. The product and platform benefits of DAOventures will also be shared with the DVG community.

2. Transaction fees: DVG can be used as platform transaction fee gas in the future.

3. Member Privileges: DVG holders can enjoy preferential prices when using the fund management and yield redemption services of the DAOventures platform.

Key Points: The product and platform revenue of DAOventures will also be shared with the DVG community.

Because the revenue model of the DAOventures platform is very clear, DAOventures can make money in the same way as traditional funds/asset management platforms. Therefore, the more users we have on our platform, the larger the amount of locked positions, the more benefits users will get, and this consensus will become stronger and stronger.

Our token economic design has been praised by investors as one of the most friendly designs for the community and investors. Many new projects often consult us on token economic design.

So strictly speaking, our team is working for DVG holders.

In addition, our project is launched fairly, and the team/consultants do not pre-mine.

7. Can you introduce the development path of DAOventures and your expectations for the future?

Belinda: In terms of long-term plans, our goal is to make simple and easy-to-use products, continuously iterate and optimize the logic, win the favor of DeFi scientists and ordinary novices, and increase the number of users and asset management.

As a TO C product open to mainstream market applications, DAOventures will naturally gain market recognition as the number of users increases. Later rounds of financing will also be more likely to attract the favor of traditional VCs and capital.

We are now focusing on the Southeast Asian market. Our team includes Singapore, China, India, Malaysia, and most of them are in Southeast Asia.

Finally, let me briefly introduce my two co-founders, Alvin Foo and Victor Lee, who have been aware of the blockchain industry since 2016.

Victor is a technology and product expert who has worked at Omnicom Group and Standard Chartered Bank, responsible for product strategy and innovation; Alvin is a former Google China executive. In 2017, he and Victor created Bitcurate, a crypto market analysis tool similar to TokenInsight in China, which is why they keenly captured the signal that DeFi might explode in early 2020. So they have 3 years more knowledge accumulation and product experience than ordinary teams.

Second, both of them are relatively mature executive entrepreneurs with relatively good plans and foresight, and will not give up on projects easily. This is why all our projects are real-name based.

Third, our token model stipulates that the founders and advisory team will unlock the tokens over four years. That is to say, if the product does not achieve any results within these four years, we will have worked in vain. This has a high opportunity cost for every team member, and it further motivates us to make good products, acquire users, and strive for later financing.

So I am looking forward to the continuous iteration of our products, so that I can finally promote them to my family and friends and help them realize DeFi smart investment. I think this is the right way for DeFi to go mainstream - make it simple, stupid.

Finally, here are some important project links:

Important Links

Official website: https://www.daoventures.co/

Telegram announcement channel:

https://t.me/daoventuresofficial

Telegram group chat: https://t.me/DAOventures

Twitter: https://twitter.com/VenturesDao

Weibo: http://weibo.cn/daoventures

Host: Okay, this live broadcast ends here. Thank you Belinda for sharing. I believe that through Belinda’s sharing, everyone has a deeper understanding of DAOventures. Seize the opportunity and I wish you all prosperity in the Year of the Ox!

Thanks to Golden Finance and Qun TV for their support of this live broadcast! We would also like to thank the following media friends for their strong support for this AMA! See you next time!