Amara Financial: LP Liquidity Exit Time, Reimagining "DeFi 2.0"

According to Scientific Research, since the beginning of this year, users in the crypto field have been paying for commercial hotspots such as NFT, GameFi and Metaverse. In 2022, DeFi, Web 3, NFT/Gaming and other avenues will still be important to watch. Recently, Amara Financial, known as the pioneer of the new DeFi generation, continues to attract crowds.

Amara Financial is a next-generation DeFi protocol for exporting multiple chains and is committed to being a cross-platform integrated DeFi platform.As one of its main products, many signature cross-chain protocols AmaraLink, which was launched for the third time at the end of Shanghai Wanxiang Blockchain Hackathon 2021, announced that it will be released as before the end January.

It plans to connect popular audiences like Moonriver, Ethereum, Polygon, Solana, and BSC. At the same time, we have also established partnerships with ExNetwork, DEC.venture and other companies.

To this end, a language blockchain on Thursday invited Eva Amara, the representative of the Chinese community in China, to present the key points. Here is the first interview.

01About Amara Financial

Blockchain locale :Greet and speak Eva as a guest in your language.First, can you give Eva a quick overview of herself and Amara Financial?

amara-eva: Hello, my friends the language of the blockchain. My name is Eva and my current role at Amara is that of Amara's ambassador in China. Mainly responsible for industry, port industry and regional operations. Today I am honored to be in the ethnic community to teach Amara in my mother tongue.

First, give a brief introduction to Amara.Amara Financial is a next-generation DeFi protocol for exporting multiple chains and is committed to being a cross-platform integrated DeFi platform.. Amara Finance has 3 main DApps.

These include AmaraLend LP loan agreements, multiple cross-chain signings under the Chainsafe AmaraLink program and AmaraPay international payment agreements.

️ Many people know that Amara Finance is part of the Polkadot ecosystem, but Amara also wants to use more chains.Not only will it follow Polkadot, but it will also bring more culture and users to Polkadot, becoming a more integrated DeFi platform..

02 AmaraLink tus choj hla hla

Blockchain locale :AmaraLink, one of Amara's flagship products with multiple chain-wide contracts, will launch before the end of January and will connect popular handsets such as Moonriver, Ethereum, Polygon, Solana, and BSC.

How does the launch of AmaraLink replace the strengths of other channels?What is he doing? Please be brief.

amara eva: First, let's talk about the market demand for bridges. In the future DeFi scenario, weThe rise of app-based public channels requires cross-channels..

In the past, only Ethereum stood out, but now BSC, Solana, Polygon, Avalanche Protocol and other public companies have emerged one after another, and hundreds of interests can be seen competing for the beautiful, to meet to consumer needs. - Heritage.

Let's talk about AmaraLink product upgrades. According to the Amara plan, AmaraLink will be launched from January to February 2022. The release notes in this issue connect the two ecosystems of Polygon and BSC.Moonriver and Polygon are aware of the exchange of "special treasures" on BSC Networks.

Following the announcement of AmaraLink in January, other utilities such as Solana and Harmony will be added later as part of the Atherosclerosis Project.

03AmaraPay International Payment Tools

Blockchain locale :The latest version of Amara 3.0 official website has been released, which shows Amara's new technology and development.

AmaraPay will be launched after the development of AmaraLend and AmaraLink, allowing users to experience the exchange of local funds and digital assets in the field of global compliance,We support more than 60 countries and regions around the world. How will AmaraPay affect users' lives after release?

amara eva: Thank you for enjoying AmaraPay. Simply put, it is very difficult for a team to develop our products at the same time.In AmaraL products, AmaraLend occupies a prominent place.

AmaraLend is a legal LP loan company.LPs can also borrow USDA (Amara Algorithm Stable Currency) loans to help users achieve higher APYs while unlocking all LP income.. AmaraLend is the newest brand of all Amara Ecosystems and forms the foundation of all of Amara.

AmaraLink is a self-developed signature suite we created to uncover the changing nature of Moonriver, Polygon, and BSC assets.AmaraLink will be the gateway for users to access the Polkadot ecosystem.. AmaraPay is a global non-conference payment protocol and an important addition to the Amara ecosystem.

Even after the release of AmaraPay, the impact on users is still huge.If you are a user in the Global Compliance Zone, you will:

Initially, users can purchase digital assets using fiat currencies from any country or similar region in the world. candles,Help users apply for asset card or virtual card, to better manage your digital resources. It also supports users in most countries around the world,Credit Card Number, the card's digital assets can be converted into US currency for consumption at any time.

AmaraPay can be said to have started to open the boundary between traditional finance and blockchain finance, recognizing the low friction and efficiency of traditional finance and block finance.In the future, digital devices will connect to our real life in every way., we can use it in our lives.

04 ibNext challenge

Blockchain locale :Now let's talk about DeFi. Amara announced three key products: AmaraLend, AmaraLink and AmaraPay to achieve better joint ventures while striving to achieve multiple referral chains.

Choose to create Next DeFi, a DeFi collaboration hub that bridges the Polkadot and Off-DOT worlds. Compared to DeFi 1.0,You said "Next DeFi" has the performance and the advantages here, what do you think about the next DeFi change?

amara eva: There are three product groups and Defi2.0 is generally based on AmaraLend v2. AmaraLend V2 is Amara's most innovative product.

We know that there are many types of loans in the market today.People appreciate an individual project, but rarely go from zero to one.. Because innovation is synonymous with risk, it means high costs and investments.

After several evolutions and iterations, from the movies to the current version, AmaraLend has finally found its place in the DeFi world. At first, AmaraLend's idea was very simple, it just wanted to do more loan chains for long-term assets. .

In the next phase, the Amara team also carried out the second polishing of the products. Everyone has different ideas and entrepreneurs have more creative ideas.The final version of AmaraLend v2: better commercial products, making a brief description and interpretation of the art of drawing for all to understand.

In conclusion, AmaraLend isSecuring LP liquidity.

In the field of DeFiLP assets are highly valued but do not have the necessary “space” and are said to be dormant assets.. For regular users, they put their LP in their wallet after DEX drains the water.

In AmaraLend v2, users place their LPs in Amara's automatic reinvestment with two benefits.

The first advantage is that Amara simply places the LP user in the DEX to receive rewards and redraw the rewards.Set higher APYs for users.

The second advantage is that after filing an LP, users can get resale benefits and still be able to borrow USDA, the benefits based on using the AmaraLend platform, using LP as a business product.Be creative using LP cash. Of course, the USDA can participate in the model cycle to get the most out of it.

05 ibSecurity Measures and Measures

Blockchain locale :Security issues are paramount when it comes to DeFi. By the way, since this year, various incidents where hackers stole coins from trading platforms, wallets and DApps have repeatedly occurred.

For example, in mid-December, GrimFinance, Phantom Chain's cross-platform income, was affected by mortgages that lost over 30 million.What are Amara's security responsibilities and measures?

amara eva: Five stars for the difficulty of this question. Real security is a challenge that the entire DeFi industry has to face, and it is also the sword of Damox that has always been in our heads.

At the initial stage of product development, Amara has always implemented real security and taken various measures to ensure the safety of customers' value and prevent attacks.

For example, the CRV stablecoin exchange protocol. That's why we chose to publish AmaraLend v2 on BSC. In addition,In terms of design mechanism, AmaraLend has introduced an insurance policy to reduce bad debts..

and job evaluation.If necessary, you can request a cross-examination number from several examiners., to improve the performance of the analysis. All Amara products are inspected before release. Amara also welcomes people who love machine delivery lines.

06Hackathon de Wanxiang

Blockchain locale :bon. 2021 du Shanghai Wanxiang Blockchain HackathonJoin AmaraLink and win 3rd place in the Hackathon, funded by the Polygonal Development Assistance Program.

At the same time, AmaraLink uses TEE technology in this competition.théWhat is the role of this technology in Amara?What does this money mean for Amara and Polygon?

amara-eva: Out of more than 40 groups, how many places were allocated to 6th, 3rd or more. Before that, it was funded by Polygon. These questions were also asked by the judge, who was like Polkadot's teacher at the time.

The primary role of TEE in AmaraLink is to protect nodes against malicious behavior. Because a node machine can be stolen,TEE generally protects binary code from cracking..

AmaraLink nodes also support up to 200 nodes.The DRAND algorithm is used to identify., the XOR distance takes 5 knots. Of course, details of the potential can be found in later posts.

For Amara, Polygon Finance is a recognition of the expertise of our team. For polygons,AmaraLink can detect changes in Polygon and Polkadot ecological properties., very suitable for both Polygon and Polkadot.

07 ibecological implication

Blockchain locale :Thanks to Eva, Amara is sponsored by ExNetwork and DEC.venture on the partnership.It has also developed ecosystem partners such as Moonbeam, Polygon and others..

Also, what organizations does Amara work with?What other groups will join the Amara ecosystem?

amara-eva: Those of you who have seen the official site know that there are not many affiliates. vigorProducts or companies requiring cooperation with us on our official website, enjoying the benefits of a one-step partnership.

Now Phala Network has partnership with Amara, our first AmaraLinK started with Phala, of course there will be renewal or rebuilding in the future. And Polygon, who provided us with funds and helped build the bridge.

and yesIns, we are a partner of AmaraPay. There is also Chainlink, and our products are integrated with the shipping costs.

Of course, Moonbeam supports us a lot. We have heavy news that has not been reported, but it is important enough for us. Additionally, friends who follow us on Twitter will see:Relations with our partners,

three amaralandThe multi-channel deployment is done within the Harmony network.. And recently, Solarbeam, the largest Moonbeam DEX.

Of course, there are also the stakeholders we're talking about, including featured plans from the Polkadot ecosystem that aren't listed here.

08hot words

Blockchain locale :In fact, SocialFi is one of the hottest topics in the market right now. Since the beginning of this year, platforms like NFT, GameFi and Metaverse have exploded one after another.What do you think of these three people and their relationship?

Recently, the blessings of Web3.0 and NFT create a new wave, what do you think?What do you think Web3.0 will change for SocialFi?

amara eva: There is a real connection between us, the interface has faded, gradually sharing in the future. The ideas vary slightly from each other. For example, 2017's game Encrypted Cat stands on its own as a mix of NFT and GameFi, except for the drum and beautiful flowers.

NFTs are non-fungible tokens that benefit from the self-identification of the original crypto geek and are now a collection of crypto art.But due to its properties, NFTs are destined to become a niche business..

GameFi has great capabilities, gaming is an essential part of human needs, and its integration with the blockchain has created many new ways to play. GameFi is easy to use and the future development of the client is fantastic.

i think nowProfessional sports organizations, professional painters, intellectuals, advertising professionals,Add more perspective to this industry.

Metaverse is close in idea, many concepts can be called metaverse, and no concept is the same. And the metaverse is thriving both inside and outside the circle.

In a word, inside and outside the circle. The relationship between us can be defined as that of a nest of puppies, and NFT is the best retailer catering to the needs of self-publishing and art collecting.

GameFi is extremely efficient and looks like a real business.The metaverse is the largest and represents the vision of the future., many new opportunities have been created in the metaverse, both inside and outside the circle.

In fact, we're often busy with Amara, but we're always aware of SocialFi while flying.SocialFi will be one of those hotspots for some time to come, and that's a small recommendation..

The undergraduate topic is the hot topic of discussion. As the needs of the crypto cycle, he contributed to the Telegram site. Chain's Medium and Chain's Twitter will also be hotspots in the future.

In fact, there are already some of the best app-focused groups on the market on various public channels and SocialFi, which have received some attention. I think SocialFi will become a hotspot in the future.

Web3.0 will be the foundation for the SocialFi escalation., I've seen people like ENS use it, and Web 3.0 improvements will make Social Fi more popular.

09 ibFuture plans

Blockchain locale :Ok, Amara recently joined the SocialFi Metaverse Torum green project. Does this move mean that a move to SocialFi or another location such as GameFi, Metaverse, etc. is decided? If yes, what? Finally, AmaraAre there any other jobs worth watching and sharing?

amara eva: Ha ha ha, SocialFi is very popular and will be even more so in the future. Unfortunately, Amara does not plan to do so at this time. SocialFi is fantastic and Amara is also very popular. However, the key point is to manage Amara's existing business first and do your job well.

Similar to Polkadot's user involvement in the Parachain contest, consideration will be given to AmaraLend v2's first pre-launch financial support for AmaraLend v2.AmaraLend v2 Pre-Liquidity Incentive is the end time for end users to join Amara..

You can watch TVL 3 months after AmaraLend online. The value of LP assets in the market is still enormous, and the use of this dormant asset is beneficial to consumers and the industry as a whole.