At 18:00 PM on July 19, the industry in-depth dialogue AMA was held in Focus Community. This column was named by PERI Finance , co-organized by Prophet Lab and Focus Blockchain. The host of this live broadcast: Classmate Liu, special guest sharing PERI Finance Co-founder: Gareth Bowles .
The topic of this live interview is: Decentralized Finance (DeFi) and Synthetic Assets
The following is the transcript of the interview:
(Slightly abridged without changing the original meaning)
Moderator: Good evening, everyone! Welcome to Focus Community. The theme of this AMA live broadcast is " Decentralized Finance (DeFi) and Synthetic Assets ". I am the host, Classmate Liu, and the invited guest is Gareth Bowles, the co-founder of PERI Finance. Gareth Bowles, please say hello! Please introduce yourself and briefly introduce PERI Finance.
Gareth Bowles: Hello everyone, my name is Gareth Bowles, I studied business at Staffordshire University and started my career at money Moneycorp TTT Ltd., a leading foreign exchange provider, before moving to Citibank, and working as a currency trader at LMAX exchange. In addition, I was an advisor and shareholder of King William Street Capital Management Ltd. (King William Street Capital Management Ltd.) and a director of Pathfinder FX Ltd. Most recently, I participated as an advisor in various projects, including venture capital investments in the blockchain.
Our project PERI Finance is a decentralized synthetic asset protocol established on Polkadot. It is building various synthetic asset DEXs to put all financial products in the real world on the chain to achieve user-free transactions, and can become a hedging risk in the DeFi world. powerful tool. At present, we have completed the seed round of financing and the second round of financing, and obtained participation from OneBlock, Dasheng Capital, BlueBlock, and Ramprate, Black dragon Capital, Blocksync, HotLab, and 18 Ventures.
Moderator: How did you choose DeFi's synthetic asset track to start participating in your project?
Gareth Bowles: When I was engaged in the financial industry, especially in the field of financial technology services, I found that DeFi was developing rapidly. I think DeFi is the core of the blockchain industry, and someone needs to build a bridge between traditional finance and the blockchain industry. Furthermore, DeFi provides potential growth opportunities for blockchain projects, and DeFi affecting the crypto space will be huge, so this is why I choose DeFi, especially synthetic assets as our main business.
Moderator: What makes your project different from others, and what practical use cases does it have?
Gareth Bowles: PERI Finance is building a decentralized exchange (DEX) for synthetic assets. Synthetic assets refer to synthetic assets that have the same value as other assets. For example, assuming that the synthetic token of NIO stock is named pNIO, you can buy a pNIO Tokens rather than the stock itself, this price is the same as the original stock, which will allow users to buy these assets by minting pUSD on PERI Finance's Staking DApp when trading a variety of traditional and encrypted assets on a single exchange, so , PERI Finance will be a communication bridge between encryption and the financial sector, which will be unique from other projects.
Moderator: How to attract users to participate and motivate them at this stage?
Gareth Bowles: Users who hold PERI tokens can get rewards by betting in the Staking DApp, and these rewards will be allocated to participating users in a certain proportion. Therefore, the earlier users participate, the more rewards they can get.
Moderator: What is the biggest milestone of your project? What are your plans for the future?
Gareth Bowles: I will share with you the roadmap of PERI Finance:
July: Technology implementation
On-chain price feed, Polygon network, DAI operation, etc.;
August: Launch PERI-DEX on testnet
September: Launch PERI decentralized exchange service
Create and trade diverse Pynths from PERI-DEX, other crypto tokens, forex, commodities, and more;
October: Launch of PERI NFT decentralized exchange service
Generate part of NFT assets by betting NFT on PERI Vault
November: Launch of Pynths perpetual futures service
Increase leverage on Pynths up to 20x
Moderator: As you build your project, do you take the community's feedback and needs into consideration?
Gareth Bowles: Of course, PERI Finance is always open to global users. We have excellent community managers in the WeChat Chinese community and the global Telegram group. Users are free to ask us any questions and suggestions. In addition, we will explain as simply as possible to new users who are hesitant to join our DeFi ecosystem, such as holding many community programs such as AMA sessions, community lectures, etc. So please join our WeChat channel and stay tuned for further updates.
Moderator: Users holding $PERI tokens can participate in community proposals and decision-making. What mechanisms can fully guarantee the value of PERI tokens?
Gareth Bowles: PERI tokens can be used for staking, minting pUSD, and governance voting for PERIDAO. After the launch of the DEX, PERI-Staking participants can purchase different kinds of synthetic assets by using their minted pUSD, these assets are called "Pynths", so PERI holders can use their tokens in a variety of functions coins, which will make PERI more valuable.
Moderator: Partners are very important for every project today. Which partners do you have now? Which partners will you go to in the future?
Gareth Bowles: PERI Finance also believes that establishing cooperative relationships with more beneficial partners is crucial. Therefore, we integrate with Chainlink in terms of price information, and cooperate with the Polygon network to improve the transaction speed within the system and save gas fees for users.
In addition, on our official website, you can see that many famous venture capital companies have invested in our projects, including LD Capital, OneBlock, Ruby Capital, Dasheng Capital, etc. Therefore, we have reason to believe that PERI Finance will be able to achieve success together with many partners.
Moderator: Your project has successfully intercepted hacker wallets on the Ethereum mainnet. Can you tell us more about it? In addition, what security mechanisms does your project have to ensure that users' assets are not targeted by hackers?
Gareth Bowles: Recently, our former technical partner Chainswap was hacked by an anonymous user. However, although the hacker stole the PERI tokens in the Chainswap liquidity pool, the PERI financial team acted quickly and immediately blocked the hacker’s smart contract address. Preventing any additional transactions, we can announce that PERI Finance has successfully secured all users’ assets through Chainswap’s hack.
In addition, we have also accepted the audit of CertiK, a reliable code audit organization, and stated that PERI's smart contracts do not have any other critical security issues. As always, PERI Finance will always take security as the top priority of protecting user assets.
Moderator: Please make some suggestions for crypto investment to the community members participating today.
Gareth Bowles: As I mentioned in the first question, DeFi still has great potential in the encryption field, and PERI Finance will launch a synthetic asset exchange DeFi-DApp to make it more convenient for users to use. We will release detailed guidelines and the latest news to users through Weibo and WeChat public accounts, please pay close attention, this will help users understand the DeFi industry faster and invest in encrypted assets more rationally.
Thank you Gareth Bowles for your wonderful answer, and thank you all for your attention. Please continue to support PERI Finance! So today's AMA is over here, see you next time!
Finally, we would like to thank the following media for their support:
