AMA with at koaladefi with Jeff : Recap transcription in English
On the 17th June, We hold an AMA in our telegram main group with our Koala Chief Jeff answering questions about V2 LYPTUS token, NALIS token, VIKNALIS token, and lot of other things!
Here is the transcription done by our amazing KoaKoa (aka KoaMama, one of our Koagirls 😉) for all of who missed this great time and want to learn more about koaladefi.finance.
Advice : take 1 or 2 cup of coffee/tea before reading this ;-)
Note : This recap is also available in Spanish here
Note : This recap is also available in French here
Let’s go!
Silfaster :
Welcome everybody to the KoalaDefi Version 2 AMA.
Today I’m going to have a talk with the koala commander in chief, Jeff Hohner.
For those that don’t really know Jeff yet, here’s a little summary about the founder of KoalaDefi.
Jeff :
Hi every Koalas!
Silfaster :
We will announce our IDO for KoalaDefi version 2 (v2) soon.
We know there are a lot of questions about what’s coming next, so we’re going to answer a lot of questions today. In the first part of the AMA I will have a conversation with Jeff about version 2 to try and answer as many of your questions we collected from the chat these past few weeks as possible.
After the first part of the AMA we will open the chat for questions from the community. Ask Jeff anything you want to know. Depending on the number of questions we will answer them all or make a selection of the best questions.
Enough with the introduction, let’s go!
Welcome Jeff, founder and Koala commander in chief of KoalaDefi.
How are you today?
Jeff :
Doing fine Sil! Hope the same for every Koalas!
Silfaster :
Lovely to hear!
I hope you are ready for a nice conversation about what’s coming to KoalaDefi in Version 2.
But first, can you give our members a little introduction?
Jeff :
Yes! I’ve been in crypto since the middle of 2018. I realized how cryptos are/will be disruptive in the financial system and the amazing technology of the blockchain. The first day I played with BSC, I immediately wanted to build a DeFi project on this chain and start building a team with some koalas to create KoalaDefi!
My personal background in my professional day job is close to what we build with KoalaDefi : I’m a software engineer and project manager for a middle size company which develops software for the industry.
Since I discovered the block chain technology and especially the Ethereum chain, I started to invest time to discover the Solidity language and I get a pretty good experience with it.
I’m now involve also into KoalaDefi smartcontract coding and I spend a lot of time to review code and study good things done by other projects.
Silfaster :
Wow! Sounds like a real cryptoKoala to me!
We’re going to take the KoalaDefi platform to it’s next evolution, version 2, introducing two new tokens and making some changes to $Lyptus. I’d like to talk with you about what we can expect from version 2.
Jeff :
Let’s go!
Silfaster :
I’d like to start this conversation about the three tokens of KoalaDefi V2.
We all know and love $Lyptus and are curious what will change for $Lyptus, can you give us a small summary of the biggest changes for it ?
We will go more indepth on $Lyptus V2 later in the conversation.
Jeff :
The biggest change for $Lyptus (amongst others) is that we’ll not mint new tokens after the V2 launch!
And will continue to burn $Lyptus!
Silfaster :
What??? So you mean there will be a maximum supply?
That means deflation right?
Jeff :
Yes $Lyptus will be capped!
With a max supply of more or less 4.3M.
$Lyptus will also offer various way for holders to get access to specific places at KoalaDefi things like :
- Bushes only for $Lyptus
- Special contests
We have many things coming for $Lyptus after V2 and the important thing is that $Lyptus will be actively burnt to enter into V2 farms and pools!
Silfaster :
Sounds like $Lyptus will stay very important for KoalaDefi!
I love it.
I know I’ll be holding on to my $Lyptus!
But there will be other tokens added too right? $Nalis and $VIKNalis? Can you give us a brief summary of $Nalis and $VIKNalis and how we can get those tokens after V2 launches?
Jeff :
I let you place some questions 😂 Sorry!
Yes, $Nalis and $VIKNalis! Two new tokens.
Let’s talk $Nalis first.
Silfaster :
Don’t say sorry Jeff, I love the enthousiasm and I’m sure our members would love to get as much info as possible!
Jeff :
$Nalis is our new token and brings a bunch of new features to KoalaDefi.
There’s a detailed blog post about that, but here are the main things :
- High automatic burn mechanism directly inside the smartcontracts
- Anti whale
- Anti bot systems
- Auto compounding
- Referral program
- And cool things like automatic lottery pot and charity donations
Silfaster :
Wow !
Jeff :
One important last things :
smartcontracts of $Nalis will have parameters that can be easily changed! This means that we can adapt a lot of things in the future!
The goal is really to stay community driven like we are now!
Silfaster :
Wow, I understand why it’s called Version 2, that’s a lot of innovation!
How about $VIKNalis? It’s a Very Important Koala Nalis right?
Jeff :
Yes, $VIKNalis stands for Very Important Koala 😉 the VIP token!
$VIKNalis is backed 1:1 with $Nalis:
You can get $VIKNalis only with $Nalis, not on the market!
$VIKNalis give you access the VIP part of KoalaDefi with :
- Special bushes,
- Special contest,
- Lower fees
- And much more
Some farms and pools will also be reserved to our VIP Koalas!
Silfaster :
That sounds very awesome!
So if I understand right you will need $Nalis to get $VIKNalis.
Can you tell us how we can get $Nalis?
Do we buy it?
Do we farm it?
Jeff :
Both ways! You can get $Nalis on the market (I mean buy it) and also get $Nalis by farming your lovely tokens into the V2 farms and pools.
Silfaster :
And there will be a $Nalis presale right?
Jeff :
Right! A $Nalis presale is coming!
And it will be the first place to buy $Nalis!
Silfaster :
Nice! I heard Koalas love presales!
Let’s talk more about it in a bit.
Now that we’ve learned some of the basics of the KoalaDefi Version 2 tokens, I’d like to talk about the utility of KoalaDefi Version 2.
We all love our $Lyptus farms! What kind of farms van we expect in V2?
Jeff :
$Lyptus will continue to be farmed with the V2!
$Lyptus-$BUSD and $Lyptus-$BNB LP will be accepted in two $Nalis farms.
$Lyptus will also be use into a $Nalis pool to farm $Nalis.
The other $Nali farms and pools will follow the same actual way we do now :
major LP and coin/tokens will be farmed and partner tokens also.
Silfaster :
You’re talking about these two right? 👏
Does this mean we don’t have to break up our LP and can easily switch to the new farms?
Jeff :
Exactly! After V2 launch, you will just need to unstake from the $Lyptus farms and stake to the new $Nalis farms.
Just 2 transactions.
No need to break up your LPs.
No need to sell or buy $Lyptus.
No need to exchange anything! The easy way 😉
Silfaster :
I like that!
Crypto can be confusing, I love the keep it simple approach!
Will there be differences from the farms in V1?
If so, can you tell us about the biggest changes?
Jeff :
There will be major differences on farms and pools which don’t use our native tokens (I mean all farms and pools expect the $Nalis, $VIKNalis and $Lyptus one).
First thing is that these farms and pools will require the users to pay a part of the deposit fees with $Lyptus and these $Lyptus will be burned!
We added features like a harvest lockup period to discourage bots and a referral system.
Silfaster :
Wow, wait a minute, so there will be a maximum of 4,300,000 $Lyptus and they will get burned actively when we use it for our deposit fees?
Jeff :
That’s correct, this will bring more burn to $Lyptus but another important thing :
All new users which don’t have $Lyptus yet in their portfolio will need to buy them to enter the V2 farms and pools (and burn them!)
Silfaster :
That’s great news for $Lyptus holders!
I’d love to talk more about $Lyptus in a second, but first I have a very important question.
Jeff :
wen Lambo?
Silfaster :
Defi has been plagued with flashloans and attacks.
Will KoalaDefi V2 be protected from flashloans and attacks?
Jeff :
You know that security is a top priority at koaladefi.finance!
And V2 will continue in this way!
It’s one of the things we’re very proud : funds are SAFU with us!
So for V2 :
All smartcontracts will follow a security audit before the launch (will be published soon)
And concerning the specific flashloan point :
We’re very proud to be an Apeswap partner for that and having Koala funds only at Apeswap!
Silfaster :
Apes are Safu!
Jeff :
This will continue for V2 and it’s the best way to protect Koala liquidity against flashloan
Yes exactly ! Because Apes are SAFU!
There’s a nice article from them about that and we could share it here at the end of the AMA (read this article here).
Silfaster :
Love it! I’d like to refer everybody to the ApeSwap blog for a very detailed safety report on our liquidity and funds! We will post the link after the AMA for everybody that would love to read it.
Safety first!
Jeff :
The most important thing about ApeSwap is that they are very very close to Uniswap V2 smartcontracts and Uniswap V2 has never, never (yes twice 😉) been attacked!
Also, there’s true devs at ApeSwap!
They know what they do!
Silfaster :
So with innovation and development, come a lot of questions from our community.
I’d like to dive a bit deeper in our tokens one by one.
Let’s start with $Lyptus!
The talented @WiradjuriKoala made some fantastic infographics for this segment
Jeff :
We have the best designer of DeFi world 🤩🤩🤩😍😍😍 @WiradjuriKoala , love you man!
Silfaster :
What is a DAO Governance token Jeff? Sounds complicated!
Jeff :
No, it’s quite simple : DAO stands for decentralized autonomous organization
This means it’s the way to be community driven! It’s the best way to listen to real token holders.
Because you need tokens to vote the important questions about the project and the future.
Until today, we always listen to our community and act in regard of that.
We have always ask them to make some choice via polls.
But having a DAO tokens means more because you need to be a holder to vote!
Silfaster :
So if i understand it correctly, we can now involve every $Lyptus token holder in important decisions?
Jeff :
Correct!
Silfaster :
So if we want to vote, do we only have to hold $Lyptus in our wallet?
Or do we have to burn it in order to vote?
Jeff :
To be eligible to a vote, it’s quite easy : you need to have $Lyptus in wallet OR in a farm OR in a pool (not yet the bushes but they will be added soon).
You don’t need to spend something to vote!
It’s totally free.
Even no gas! I mean BNB.
Silfaster :
That’s great! Power to the Koalas!
Jeff :
We’ll do a vote very soon and all $Lyptus holders will see how it’s easy 😉
Silfaster :
Do you have anything to add about $Lyptus we haven’t talked about yet?
Jeff :
Just want to add something about a DAO vote : The more tokens ($Lyptus) you have, the more your voice is important in the vote!
I think, I have nothing more to add about $Lyptus but always available for questions. 😉
Silfaster :
So let’s move on to $Nalis! We will open the chat in a short while so everybody can ask you anything they still want to know about $Lyptus.
So here’s $Nalis!
Jeff :
Did I mention we have the best designer in DeFi ? 😜
Silfaster :
in DeFi? In the world ❤️
How does the reward system for $Nalis work Jeff?
I see there are multiple ways to earn $Nalis, farming, refferal, reward features?
Jeff :
The referral is quite simple, for every friend you bring to KoalaDefi with your referral link, you a part of our friend rewards.
This means that each time your friend make an harvest (take these $Nalis rewards) a part goes to you 🤩
Sil…
Silfaster :
Yes Jeff?
Need a break?
Hungry?
Thirsty?
Jeff :
you know what could happen when I’m too hungry… No ?
Silfaster :
Well hungy koalas have to eat!
Jeff :
This happen when I’m too excited… :
Binance Transaction Hash (Txhash) Details | BscScan
Silfaster :
Wait what?????
Jeff :
Just eaten (burnt) 6000 $Lyptus!
Silfaster :
Did you just feed the koalas 6000 $Lyptus tokens?
Jeff :
gloups!
Forever destroyed! 😉
Silfaster :
Wow! They love it! Bon appetit Koalas !
So back to $Nalis.
What’s the use of the 72 hour lockup?
Can’t I reach my funds for 3 days? Or?
Jeff :
Yes and no.
It’s simplified into the above design 😉
A 10% withdrawal fees will be applied if you harvest before 72 hours only on non native farms and pools.
And of course these 10% will be burnt.
This is a way to protect our users!
Silfaster :
That sounds very good, it will surely help against dumping!
Will there be more protection against big whales?
Jeff :
Yes, we will setup also a reward time lock.
This means that after the launch and for 15 days, a large part of harvested $Nalis will be locked.
This to avoid whales to farm stablecoins, get big rewards and dump them.
Silfaster :
Awesome !
You know I love Koalas right? I already adopted one through donation.
So KoalaDefi will have a charity fund, what can we expect and how will it get filled?
Jeff :
The charity fund will filled by a part of the deposit fees in the farms and pools! This will bring us more funds to help the wild Koalas and their environnement.
We’re in talk with some associations and also with Binance Charity to make it happens after V2.
Silfaster :
A stunning 10% of the deposit fees will to the charity fund at the launch of Version 2 ,correct?
Jeff :
That’s correct!
Silfaster :
That’s awesome! Let’s help out more Koalas and their environment!
So one token left Jeff, almost time to open the chat to our community to ask you anything!
Are you ready for $VIKNalis?
We already learned that it will be backed by $Nalis. Does that mean we have to burn our $Nalis to get $VIKNalis?
Jeff :
Yes, to get $VIKNalis, you need to burn 20% of $Nalis.
It’s the price to pay to become a VIP Koalas 😉
Silfaster :
Worth it!
What will being a Very Important Koala mean for us?
What are the perks of being a VIP Koala?
Jeff :
It’s mean a lot for us because $VIKNalis holders are great supporter of the project! This means that we’ll reward them even more!
The first cool things is that you get passive farming inside the $VIKNalis token.
Then you’ll find special bushes (double bushes) for $VIKNalis holders
$VIKNalis pools only!
And other cool stuffs coming around the VIP status in the future!
Silfaster :
What? Passive farming?
You know we all love a passive income, it’s one of the main reasons to be in a defi Yieldfarm.
But what is passive farming?
Did I really get it right and don’t even have to stake my $VIKNalis to earn?
Just keeping them safe and secure in a wallet is enough?
Jeff :
Yes just keeping them in a wallet is enough to let them grow! Nothing more!
Silfaster :
Amazing!
Finally I have some questions from our community before we open up the chat in 5 minutes for your questions Koalas!
What can we expect for Koasino V2 and the new lottery?
Jeff :
We’ll bring new games after V2 into the Koasino and we’ll build a different lottery than the competitors!
You know we love to BUIDL!
We want to bring a no lose lottery to KoalaDefi!
Silfaster :
A casino where you can not lose?
Sign me in!
Jeff :
Yes! The idea is that your lottery ticket stay eligible for the next round!
Silfaster :
Another question our community is very curious about, is going crosschain.
Does KoalaDefi have plans to go crosschain?
Jeff :
Yes we have Sir!
We want to bring KoalaDefi features to Polygon chain first!
This means that you will be able to farm our tokens on both chains
We truly love BSC and we strongly believe into the future of Polygon chain! That’s the reason we will extend our services cross chain!
Silfaster :
That’s great! So we can rely on two great chains in the future!
So I have one last question…
Well really two…
What do you think Jeff, this AMA was quite long because we have so much to talk about!
I’d like to reward one of our Koalas with a special NFT prize.
Do you think we should uncover the 3rd NFT in our token series and give it away to someone in the chat?
Jeff :
What a lovely idea!
We’re all crazy about those NFT!
Silfaster :
Cool! After the AMA we will reward the best community question with the one and only $VIKNalis NFT!
So final question before we open the chat, because we’re already talking non fungible.
I heard something about NFK’s? What’s a NFK?
Jeff :
NFK ?
Non Fungible Koalas!
Yes right!
We have plan to make a small batch of very unique piece of art with Koalas!
Each of them will be “ cryptographically “ generated !
Silfaster :
Wow technologically advanced Koalas!
Jeff :
With old school design 😉 (but stay tune, those things are coming! )
Silfaster :
I think we could keep talking about Version 2 for days, but I think it’s time to open up the chat!
How about you Jeff? Are you ready for some questions from the Koalas?
Jeff :
Yes! Time to listen our lovely Koalas!
Question from J. Marin :
What will happen when they have reached the maximum emissions of $Lyptus? Can you continue to earn $Lyptus on other farms?
Jeff : No, you can’t continue to earn $Lyptus after the maximum emissions reaches.
Question from Mfundo :
Will we see new bushes eg. $Matic
Jeff : Yes! And specially on Polygon chain because $Matic is the most important coin there!
Question from JaZy :
Awesome AMA! Question, though: In V2 you will need $Lyptus to be able to stake anything else to earn (amongs others) $Nalis.
Aren’t you afraid that this is too cumbersome especially for new users who need to buy an extra coin?
Jeff : We have build a new UI with a clear view about that.
So we don’t expect it will be too hard for new investors to come into.
Silfaster : We took a good look at other projects and think we should be just fine!
Of course we will supply very informative documentation and we’re working on some video tutorials
For version 2 we will have a new and better partnership program to ensure fresh bushes and pools 😎
Safety first of course, there will be some requirements to become a Koala Partner!
Question from Hawk crypto :
Is side chain better like Polygon or main chain like bsc is better for long run?
Jeff : Both chains have quite utility and none is better than another!
BSC is amazing and super really connected to Binance and Polygon is faster, cheaper and more decentralized than BSC but still a bit quite difficult to get into for new comers.
Question from Lyptuseater :
Hi Jeff, can you explain the double bushes any further?
Do we get 2 different coins for staking in 1 pool or something like this?
Jeff : Have you seen the $Seed and $Tree bush? It required staking $Lyptus and made you earn $Seed and $Tree.
Expect more of this! So you stake one token and earn 2 tokens.
Question from Johnny :
What it the price launch of $Nalis and $VIKNalis?
Jeff : It will be published soon in a detailed blog post with all information about the presale, the tokenomics and how we plan to lock first liquidity.
Silfaster : We will announce more information about the presale very soon!
Question from Vic :
Other defi platforms have decided to delay marketing initiatives and updates due to the market right now.
Was this something considered by KoalaDefi?
Jeff : It’s something we’re actually considering… but this will never stop us to build new things and continue to work on the project.
Market have always up and down and we look at the long term.
Silfaster : Does the world stop turning when a solar eclipse happens?
We strongly believe in our project and will only strengthen our marketing!
Of course we keep a close eye on the market and are ready to make changes, but for now we’re very positive about the release of V2.
Question from J. Marin :
The migration from V1 to V2 on Pancakeswap was successful, contributing to the rise of the native token on a hot streak.
Do you expect the same from KoalaDefi or don’t you like to talk about price?
Silfaster : We believe all tokens will strengthen each other because they’re all used in the same ecosystem and give the investor some nice perks.
Question from Hawk crypto :
What about security audits for v2 ?
Jeff : All new V2 smartcontracts will be audited before the launch!
Silfaster : We will post them as soon as every new V2 function has been audited!
Safety first!
Question from Johnny :
What are the bennefits of stay in polygon and bsc?
Jeff : For the project, the benefice is mainly to be accessible to more users, grow more the community and project and bring a bunch of new seriour partners. For the users : it’s a way to split their investissement in multiple places and chains.
Silfaster : Low transaction fees, loads of experience and fantastic partners. Ofcourse we will always keep our eyes open for other chains and possibilities
Question from J. Marin :
If one of the three tokens loses value quickly, what is the guarantee that the project will remain stable and will not collapse?
Silfaster : The tokens share a well balanced ecosystem because they benefit each other and have their own unique perks
Question from D J :
Is in the future a plan for limit order and lower fees for the exchange?
What happened when a lot of $Lyptus are burned?
Is there a minimum $Lyptus what you hold in circulating supply?
Silfaster : We use the ApeSwap exchange, we don’t control the gas fees, but going crosschain with Polygon will mean lower fees for users that want to use the polygon chain.
Because this is a free market the price of lyptus should rise when the scarcity grows.
Sorry I forgot about the limit orders, I don’t think they’re on apeswaps list. But there are 3rd party exchanges you can use with limit orders, BoggedFinance for example.
Question from D J :
Is there a plan in the future to list $Lyptus on another exchange (with or without limit orders)?
Silfaster : Yes there is! Listing on a centralized exchange is on the roadmap.
It’s actually planned for next Q (Q3)
Question from Zheka Zhevgeny :
What is the price of becoming VIP? Can you further explain this “20% burn”. Thanks!
Jeff : Yes! To buy 1 $VIKNalis, you need 1 $Nalis.
But as 20% are burnt into the transaction, if you later want to exchange your 1 $VIKNalis to get back $Nalis, you’ll get back 0.8 $Nalis.
This is the price to pay to enter into the VIP part of KoalaDefi.
But with access to special bushes and pools, this price will be quickly compensated.
Question from Hawk crypto :
Contract change is a huge challenge for a token then how @KoalaDefi gonna manage it and how will the introduction of $Nalis and $VIKNaliswill help in the growth of $Lyptus 😍
My huge congratulations to
team for v2.
Silfaster : That’s what we need the innovative $Nalis contracts for!
Of course we will have timelock protection in place, every contract change will be visible to the community.
Because of the new contract of $Nalis we will be able to create growth for all three tokens.
And $Lyptus will become very important in the ecosystem as we explained.
Question from J. Marin :
Migration from V1 to V2 consists of 100% of Farms and Pools?
Jeff :
Yes !
Question from Dimr :
Does Koala has plan to be listed on Centralized exchange such as Binance ?
if so, which token would be listed there, $Nalis or $Lyptus, or both ?
Silfaster : There’s plan for CEX listing in the long term roadmap.
Question from Vic :
Are you worried about the harsh market conditions that v2 is being released in?
How will Koala TVL and token market cap hold up in what will likely be some tough months to follow?
Silfaster : We are monitoring the market very closely, that’s one of the reasons we haven’t announced the definitive IDO date yet!
But we have such a strong believe in these tokens and the Version 2 ecosystem that we will launch soon!
