TruePNL x DeFiYield AMA Recap
TruePNL team is delighted and thankful to have hosted an AMA session with the DeFiYield team and had the opportunity to chat about the roadmap, what differentiates DeFiYield from anything else on the market, and much more.
DeFiYield positions itself as the safest and most accessible DeFi yield farming ecosystem and cross-chain investment protocol. The DeFiYield ecosystem is designed as a single place for anyone to participate in DeFi created to provide safety in investing for those wishing to engage in and succeed in the new finance revolution.
You can join the Vested Sale for DeFiYield here, and find the sale guide here.
This article is a quick recap of all the questions asked during the AMA. We received a lot of engagement from our community. Thank you all for your marvelous questions!
Read on to find out more!
TruePNL: Let’s begin with some introductions. Can you please introduce yourself? What is your background and current role in the project?
DeFiYield: My name is Sonali Giovino, Head of Communications for DeFiYield. I’ve been in the crypto space since 2017, used to host crypto educational workshops and am the first person to produce a Blockchain Yacht Cruise event Conference here on the West Coast of Canada. Now I work for DeFiYield and really enjoy what I do.
TruePNL: an you introduce the team behind DeFiYield and share the achievements the team has made so far?
DeFiYield: DEFIYIELD was created during DeFi Summer in 2020. It was created by DeFi investors, for DeFi Investors. The core of our team are developers. Currently, of a total team of 45, we have 30 devs and they are distributed all over the world: In Ukraine, Canada, the US, and the UAE. We have achieved a lot in a short period of time but to name a few, we have achieved being the first dashboard to crack the code and support EVM, Solan and Terra chains. Creating a multi cross-chain dashboard, We are the First to offer the Largest Audit / Rekt Database in the world where users can look up Yield Farming protocols and check their risk profile to see it’s safe for them to invest in, also we have a YouTube channel that offers DeFi tutorials on how to Yield Farm and we interview the top leaders in the DeFi and blockchain space. We also published an Amazon best-selling book called The Wall Street Era is Over.
TruePNL: Tell us about DeFiYield and share your vision of it in general. What do you think distinguishes the project?
DeFiYield: What makes DeFiYield so special and gives us a competitive advantage, is that we are the only dashboard right now to support more than one type of chain because most if not all dashboards only can support one right now. DeFiYield supports EVM, Solano, and Terra, with more coming. We give our users access to over 60 of the Top Yield Farming protocols, where they can track all their accounts, profits, rewards from one place. Also, we offer the largest Audit and Rekt database in the world where you look up your protocol and check out the risk profile, see if it’s safe for you to invest in. Not to mention we have our own Blockchain and token coming out.
We have 10 more chains coming and aim to onboard 800 Yield Farming Protocols by end of 2022.
TruePNL: What is the long-term goal of your project in the cryptocurrency market and what are your most ambitious goals?
DeFiYield: Here is our 2022 Roadmap for everyone to view. As you can see, we are on course to release many incredible features that will serve the DeFi Community. Such as a Swap feature, Invest directly into many of your favorite Yield Farming protocols from one place DeFiYield, track profit and losses, and even being able to revoke your crypto if you decided to cancel the transaction or remove it.
As for Ambitious Goals: Integrate 800 Yield Farming Protocols by end of 2022, Launch the DeFiYield Blockchain Network and Token, Onboard 10 Million DeFi Users!
TruePNL: Partners are the most important that strengthen the ecosystems of all projects. Could you tell us about your project partners and the partnership strategy it has adopted?
DeFiYield: Yes we actually have over 500 investors, which consist of Top VC’s, Angel investors, Exchanges, Crypto companies and influencers. They bring more than just capital to the table, they bring professional advisory, resources and meaningful connections. Most of all they align with our values of Community first. So we are honored to be backed by so many great people.
Partnership Strategy is to partner and work closely all the top Blockchains to support their growth and onboarding their top TVL and emerging Yield Farming protocols for all users to access them from one seamless dashboard.
TruePNL: Can you briefly describe the main stage that you have reached at the moment? And what is your future goal?
DeFiYield: We are at the stage where we are releasing our Private Sale of our Token $DEFI, coming out with our ow Blockchain, onboarding 300 New Yield Farming protocols in the next 3 months, and working with international community leaders to give more people around the world access to the great opportunities offered by DeFiYield. Please connect with TruePNL for access to the private sale.
Future Goal: Be the number one safest dashboard that gives users access to the most Yield Farming projects in the world and allows everyone to track ALL their DeFi assets from one easy to use and secure place.
TruePNL: Will Defiyield only serve to control and audit our wallets or will it come in the future with the function of making transactions? Do you think that you will become an indispensable part of the Defi Ecosystem?
DeFiYield: Yes absolutely! We actually will be doing both. One serves greater quality security for all DeFi users in the world by offering state-of-the-art security tools that before were a paid service but we will offer for free on our dashboard. Can use the Audit Database, which has over 2500 audits on poplar Yield Farming protocols where you can pull up a history of any rug pulls, hacks, or scams on them.. also use our Smart Contract scanner to have a deeper look into the smart contracts of Yield Farming protocols to view if it’s high, medium and low risk… in the code. We also have our own token $DEFI token out now and Blockchain Network at the end of this year, where users can Swap, Hold, and Invest for Yield Farming.
TruePNL: Trust and security are very important for the project. What is the audit status of your project?
DeFiYield: So we audit everything we do, especially when it comes to code and smart contracts. Currently, our smart contracts have passed several audits. We understand that we need to lead by example and be on top of the security part for what we offer users.
TruePNL: What is the current number of linked networks?
DeFiYield: We currently have 18 Chains / Networks linked and supported.
TruePNL: Do the token holders have the right to participate in the governance of the project?
DeFiYield: Yes, token holders will have the opportunity to participate in On-Chain Governance where they can vote on important decisions that evolve the future of DeFiYield. It’s important it’s a decentralized and permissionless landscape where users can have an impact on things that get formed.
TruePNL: Do you have a whitepaper?
DeFiYield: Yes we do, everyone is invited to check it out. Covers our token, blockchain, tokenomics, and more.
The Whitepaper can be found here.
TruePNL: We have just a few questions left today, but before we finish up, do you have anything else you'd like to share with our wonderful TruePNL Community?
DeFiYield: Yes! Would love to invite everyone to check out our dashboard, connect their wallets, explore all the tools we have. Also, join our Telegram to get updates on new releases and the token. Follow us on Twitter to be part of the community and tune into the latest and hottest updates.
TruePNL: Do you have plans for pre-sale? And where can we buy your tokens?
DeFiYield: Yes it’s very exciting! we currently have a private sale going on right now, you can access this from the TruePNL platform. Don’t miss out on this Unicorn of an opportunity. We are growing to support all DeFi users, join us for the ride.
We sincerely thank the DeFiYield team for a fantastic AMA event and thank all users for submitting their questions.
The AMA winners are the following Twitter handles:
@danielbassey95, @KirstenM15, @JelbertCano, @KadirCakkmakk, @Cryptodilatory, @uiuiuisa_ , @ZNHANHcom, @yanfebrian20, @Caspar_500, @AdetutuAdeshin4
Each winner will receive $300 BUSD between them. Congratulations!
✅ Link to join the Vested Sale:
https://launchpad.truepnl.com/vested_project/46
The sale guide and details can be found here.
