BlockTalks x Equalizer AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with Equalizer, on April 8th at 05.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Julian, CEO at Equalizer & the Equalizer team. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce Equalizer to our community in layman’s term?
Ans — Equalizer represents the next-generation flash lending marketplace, bringing together liquidity providers and borrowers.
We incentivize liquidity providers by offering them passive income for the same token they have provided as liquidity and giving them Equalizer governance tokens proportional to their funds and the lending duration.
The borrowers (or arbitrageurs) have access to a plethora of highly liquid tokens. These borrowers can then use the funds to trade, quickly execute market-making activities and take advantage of liquidation opportunities.
Q2. What are the advantages of Equalizer to other alternatives in the Blockchain field?
Ans — We provide unprecedented levels of performance, flexibility and unique value propositions across the DeFi ecosystem, our features are the key factor determinant to differentiate from competitors.
Unique incentive scheme for liquidity providers
Fast and scalable infrastructure
Unlimited tokens range
Unique governance model
Multi-chain and cross-chain capabilities
Q3. What are the major milestones Equalizer achieved so far & what are in the future pipeline?
Ans — In general terms we have Finalized the Private Sale rounds, we Build a strong partnership with top industry players, we are building a wonderful Community, we have a team of top developers and we Onboarded amazing Advisors
The platform will be launched in the coming months. We are working very actively on its development the first 1st Milestone is to launch it on Main Ethereum Chain and 2nd Milestone is to launch it on Binance Smart Chain, soon after Ethrereum
In parallel we research and investigate the possibilities of launching Equalizer on Polkadot, Solana and other EVM-compatible chains.
Questions Asked on Twitter For Equalizer Team!
Q1. Arbitrage, Collateral Swaps, Loan Refinancing, Flash Minting. Among these features, which one is special in the Equlizer project that has never existed?
Ans — We don’t reinvent the wheel, we build a better platform that has as main core business flash loans services offering all is needed for all these use cases, enabling users to get bigger profit from all opportunities available in DeFi market.
Q2. It is very strategic the alliance between these big cosystems Ethereum, Polkadot, Binance Smart-Chain, is it with the intention to solve the problem of high commission costs ? what other scope do you expect to get with this alliance?
Ans — Our vision is to build the first marketplace for flash loans multi-chain with low fees and incentives for our users. Why? We truly believe in DeFi and like that we will promote the use of our platform as we guarantee transparency and fair behavior, following the chains with the biggest volume of tradings.
Q3. Borrowers (or arbitrageurs) have access to a large number of highly liquid tokens. Can you explain what borrowers can use these funds for? Third-party applications can also benefit from these liquidity funds?
Ans — Borrowers can use the funds for flash loans that themselves can be used for arbitrage, collateral swapping, liquidations and self-liquidations, portfolio rebalancing. Liquidity providers benefit form the lending fees.
Q4. Traditional loans vs EqualizerFlash that makes you scalable and at the same time interesting how are these loans that security give us to the lender and investor?
Ans — Flash Loans are 100% safe from the point of view of the liquidity provider, thank that the flash loan will be canceled if the borrower does not manage to pay back the loan in the same transaction block.
Q5. In your roadmap, according to the 6th Sprint, you will initiate marketing and user acquisition campaigns. Could you explain to me how and where you will carry out these marketing campaigns? What advertising strategies will you use, and what is the objective to achieve with this?
Ans — Exactly, we are going to invest in the right marketing in order to attract all these users that are using other similar platform and we will try to convince to test our solution and stay with us in a long term relationship. I can not tell you right now but we are thinking of very nice ideas for this promotion that we need.
Questions Asked by our BlockTalks Community Members during live Session to Equalizer Team!!
Q1. One of the major benefits of Equalizer is the dynamic fees. Can you please explain exactly what are the dynamics fees? Are these fees beneficial for users?
Ans — Long term LPs will be rewarded with our $EQZ token on top of the fees they will get from the flash loans.
Q2. Equalizer platform claims to offer many benefits for its users, such as low cost, big incentives, multi-chain layers, how can they offer all these advantages? Does it have something to do with the technology they feature?
Ans — Equalizer is a team of experienced professionals in the BC field that delivered many large scale blockchain projects. With such high profiles the team is capable to build state-of-the-art solutions like Equalizer.
Q3. Equalizer Finance’s is targeting to focus more on flashloans? Ain’t they just a normal tool ? What makes you see it as a vital component for the growth and stability of the DeFi ecosystem?
Ans — Flash loans are different than the “normal” loans as they are borrowed and repaid (principal + borrowing fee) within the same transaction. The unique nature of the FL opens a wide range of unprecedented capabilities, that are not possible in classical banking.
Q4. Equalizer platform claims to offer many benefits for its users, such as low cost, big incentives, multi-chain layers, how can they offer all these advantages? Does it have something to do with the technology they feature?
Ans — It’s a mix between technology and a clever business model. We build from scratch an innovative platform that is based on the new EIP Flash Loan Standard that was approved one month ago.
Q5. Recently a consultant Jonas Lamis has joined the Equalizer team, how will he contribute to the development of Equalizer? Is his experience really fundamental to the project?
Ans — Jonas is one of our top advisors, helping us to develop our B2B model, by building partnership and integrations with other successful DeFi platforms in the market.
Q6. On the issue of fees, how low is your platform’s fee compared to others in the space and what special features should users expect on the nearest future?
Ans — The Equalizer fees will be determined by the decentralized governance, and by supply and demand. In addition, a unique incentivization scheme will be introduced for liquidity providers. All these features are not offered by other platforms today. Equalizer will be a highly a optimized platform.
Q7. What are Flash lending characteristics
and differences compared to traditional loans ?
Ans — Flash loan is a unique capability, available only in the blockchain ecosystem. There is no such concept in the current, centralized financial system,
Flash loans are certainly one of the most significant innovations in the DeF spacei. Although the concept of Flash loans was first introduced by the Marble Protocol in the year 2018, it gained enormous popularity when Aave and dYdx protocols made their debut.
Q8. How can Equalizer work with so many chains at the same time and keep rates low? I would also like to know how they will protect the assets of all the users who contribute to the liquidity fund?
Ans — Eualizer smart contracts will be deployed on different chains. The unique decentralized governance will allow to vote for fees, extensions and new capabilities.
The platform is a scalable state-of-the-art platform that enable to collect and manage date form different chains.
Q9. Why do you feel EQUALIZER has to be created, what’s the purpose behind you creating EQUALIZER as project?
Ans — Flash loan volume in DeFi market is exponentially increasing, more than $700M per month. It’s a huge market and no dedicat platform for it. We feel there is big gap and Equalizer will provide the solution, by delivering the first decentralized and dedicated marketplace for flash lending.