BlockTalks x Moma Finance AMA Transcript!

Hello! BlockTalkers & Blockchain Enthusiastic!

We recently hosted an AMA with Moma Finance, on May 17th at 1.00 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 Ocean Liao, CEO of Moma Finance. 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 Moma Finance to our community in layman’s term?

Ans — Moma Protocol is a solution that meets the liquidity, scalability, incentive diversification, and speculative needs of the lending markets.

With Moma Protocol, everyone can create and manage lending markets. The protocol offers a proprietary customizable Smart Contract Factory which serves the lending markets and users in three roles:

Factory, Launcher and Aggregator.

Factory is smart contract factory that can produce and manage Launch Pool and Lending Pool.

Launch Pool is a customizable Pre-Lending Pool designed for community mining. Community tokens can be distributed for any projects through the Launch Pool.And Lending Pool is a customizable lending market pool with an over-collateralized loan structure. This pool can support lending and borrowing in any market.

Aggregator is a calculator and analyzer based on Pool and market data. It helps users solve their personalized DeFi demands for lending, borrowing and community mining of crypto assets.

Q2. What are the advantages of Moma Finance to other alternatives in the Blockchain field?

Ans — Moma differs from its competitors in multiple dimensions,I will choose some of these features to share with u guys.

1. Limitless Markets: Moma can support an unlimited number of assets, while Aave, Compound and Cream only support a limited number of assets.
2. User-defined pools: Moma offers a customizable pool solution, while Aave, Compound and Cream do not.
3. Application scenarios: Moma’s use case scenarios are extended to Launch, Lending, and Aggregate, while Aave, Compound and Cream’s user case scenario limits to lending.
4. Incentive tokens: Moma can have an unlimited types of incentive tokens, not just Aave, Comp and Cream tokens.
5. Risk management: Moma creates a multi-folded and sophisticated risk management framework, including: Token Risk Rating Database, Reserve Pool, Dao Pool and Whistleblower Mechanism. Aave, Compound, and Cream mainly rely on a single token risk framework.
6. Anyone can create! Anyone can use ! Anyone can earn!

Q3. What are the major milestones Moma Finance achieved so far & what are in the future pipeline?

Ans — Moma is not a zero-start project. The Moma team has completed a community app with 1 million registered users in the past two years. In China, we have a great user base.

At present, we have completed most of the coding work. Moma’s code is audited by two different auditing companies, both well known in their regions, and will get ready to go live by the end of May.

And we’ll do a IDO and get listed in DEX and CEX by the end of May also!

I think you should stay with Moma from now on.

Questions Asked on Twitter For Moma Finance Team!

Q1. Everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Moma Finance is going to compete with them? What new solutions are you bringing to us in Blockchain and Crypto?

Ans — Right now in the market, there are platforms offering liquidity in the DeFi lending markets, however, Moma Protocol is a product with a much more scalable design compared to competitions.

Not only Moma has improved the spread of existing functionalities but also has introduced a range of new unique features.

Some other DeFi lending platforms has only one single pool, but Moma Protocol uses a Factory to allow an indefinite number of user-customizable pools and therefore can offer unlimited types of incentive tokens to our platform users.

And we have a good user base and partners, which will help us quickly grow into a reliable product.

Moma creatively divides the creation process of Lending Pools into two stages to solve the problems of initiating, accelerating and liquidity-enhancing Lending Pools:

Phase 1: Launch Pool
Phase 2: Lending Pool

The initial stage of all Lending Pools is the Launch Pools. Or we can say, Launch Pool is a kind of Pre-Lending Pool. Compared with the Lending Pool, the Launch Pool only has the Deposit function switched on, but not the Borrow function, so the operation of digital asset deposit and withdrawal can be realized.

Moma has a custom incentive pool design for the Launch Pool, where the creator of the Pool, or the Pool Builder, can inject digital assets into the incentive pool. The digital assets in the incentive pool can then be employed to motivate all users who deposit the specified assets in this Launch Pool after setting the release parameters.

I will share a pic with u.

After the Launch Pool process is complete, the Pool Builder can choose to upgrade the Launch Pool to a Lending Pool. By switching on the Borrow function and using the Oracle to feed price and employing the appropriate interest rate model and other parameters, the Pool Builder can to open a decentralized over-collateralized lending platform.

With Launch Pool and Lending Pool,Moma Protocol can help any project complete the community start-up through Launch Pool start-up, and then upgrade to the Lending Pool process. One can seamlessly open a self-operated lending platform after obtaining the initial traffic, influence and users.

Q2. Could you tell us a little about your products / solutive mechanisms associated with the Launch Pool and Lending Pool that differentiates Moma from other competitive platforms such as ave, Compound and Cream’s?

Ans —

Launch Pool starts and accelerates the Lending Pool. At the same time, the Launch Pool creates a lending scenario for the Lending Pool, while the Lending Pool undertakes the yield-generation demand for the Launch Pool income, constituting a complete ecological closed loop.

Q3. I could read on your whitepaper that Moma has introduced a role of "Whistleblower" to evaluate and identify unknown risk for lending platform, can you tell us more precisely about this role and what are their functions?

Ans — Whistleblower is the core mechanism of Moma’s risk management framework. With the expansion of Moma’s business and the increase of the number of Lending Pools, the workload of risk assessment and judgment would become very large. It would be impossible to complete all information judgment only through the risk control department of Moma. To accomplish this extremely important mission, we have designed the role of "Whistleblower" in the system.

Anyone could become a Whistleblower by staking Moma tokens, and the specific details will be announced after our product goes live.

After a user has become a Whistleblower, he or she could submit risk warning information. Moma will judge how valid such risk warning information is, through community or committee governance. Once the information is confirmed to be factual and valid, the Whistleblower who submitted the information will be rewarded by Moma tokens. If the information submission is malicious, the collateral in Moma token will be slashed as a form of punishment.

Q4. You comment that Moma provides a unique Oracle system that combines committee price feed and decentralized price feed mechanisms. What other features would make your Oracle proposal a better option than others more established in the market such as ChainLink?

Ans — Moma is a solution to meet the needs of the long-tail lending market, this means that there will be a large number of digital currencies in our market that need the support of oracles, and some of them can be met by current mature oracle solutions such as Chainlink, and some are not, that’s why we are here to offer a solution to meet business needs in today’s DeFi market.

Of course, Chainlink including Uniswap and other DEXes will become our price-Feed data sources, but it is always better to have a set of oracle solutions that could be scaled and extended.

Q5. Can you share what's the Tokenomics & Utilities details of your token? Where can I possibly purchase it and what it's current price?

Ans —

Moma Token is the native governance token of the Moma protocol. The utility and use cases of $MOMAT include:

$MOMAT holders can stake $MOMAT to obtain part of our platform’s revenue.

$MOMAT holders can enjoy certain privileges and interests for future use of the platform’s lending market or other services.

$MOMAT holders can vote to participate in the development and key governance of the platform.

$MOMAT holders can stake $MOMAT into the DAO Pool to get incentives.

And more will come.

We will do one or more IDO by the end of MAY.Stay tunned please.

$MOMAT IDO price is 0.36U.

Questions Asked by our BlockTalks Community Members during live Session to Moma Finance Team!!

Q1. What are the ways of earning $MOMAT ? Can I mine it? What are the benefits when I hold $MOMAT?

Ans — You can build a Launch pool or Lending pool to earn $MOMAT;You can deposit or borrow from Launch Pool or Lending Pool to earn $MOMAT;You can stake $MOMAT to DAO POOL to earn it.

Sure you can mine it from Moma.

Being a $MOMAT holder means you can obtain Moma's revenue,like a shareholder of Moma.

Q2. Do you have local communities for them to let them better understand about your project?

Ans — Yes, besides English, we also have a Chinese community and we will be launching Korean and Vietnamese official communities too.

Q3. What is the biggest challenge for Moma Finance in the future? How team plan to solve that problem?

Ans — I think the biggest challenge in the future is how to maintain the ability to innovate. We all know that Defi is a very cutting-edge field. It can be said that everything is unknown. So how to see the further future is a very big challenge.

Moma will be based on Lending Markets and continue to expand the product dimension of financial derivatives to create a complete ecosystem based on infrastructure.

Q4. Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?

Ans — We have confirmed to partner with Hotbit and Anyswap when we launch the live version of our product after listing, and are in talks with another five projects. As for our pool partnership pipeline, our strategy is to get at least one project to join as every week at the initial phase. This is not our first blockchain project and we have partnered with over 30 projects in our company’s community app, we are confident that some of our existing would join us when we are live. We would also focus on bettering our product and user experience, and let our product’s quality speak for itself, and that would get us new partnerships too.

Here are some important links of Moma Finance👇

🌎 Website: moma.finance
📱 Twitter: twitter.com/Moma_Finance
📢 Telegram: t.me/Moma_Official
📚 Medium: momafinance.medium.com