Antimatter x Daku AMA — Recap
AntiMatter team held an AMA last Monday (21st of February 2022), here is the written transcript of all questions and answers.
Q1: What is Antimatter about?
Antimatter is a decentralized application platform designed to be the gateway of DeFi derivatives. We are a multichain ecosystem, currently composed of four main products:
Antimatter Structured is a DApp built to offer its users various compact, easy-to-use and simple Structured Products in DeFi. Live products: Dual Investment, Recurring Strategy
Bull & Bear Tokens is a permissionless protocol to tokenize Perpetual Options. Oracles play an important role in DeFi applications and are sources of many forms of attacks. In Antimatter, arbitrage activities act as “oracles” to make sure the price of Option Tokens follows the trend of market price movement of target assets.
Nonfungible Finance is a DApp exploring the possibilities for NFTs as financial vehicles. Users can create Spot Index, Future Index (in development) and Lockers in a permission-less way.
Antimatter DAO is the “brain” of the Antimatter Ecosystem, a club for derivatives fanatics and a collaborative workplace for innovative on-chain derivatives applications.
Our general approach is to make derivatives as accessible and easy-to-use as possible, for institutions and also individuals
Q2: Can you tell us about market pie you are trying to conquer?
We believe the derivatives space in DeFi has currently not reached its full potential yet. There are no real advantages in comparison to TradFi, apart from the obvious ones that Web 3.0 offers in itself. Our mission is to change this fact, by innovating non-stop with the help of community members and their ideas, opinions and feedback
Q3: Who all your advisors and backers? and can you tell bit more about team members.
We are supported by known names in DeFi. Members of our Antimatter DAO are:
Tekin Salimi, the general partner of Polychain Capital and a strong believer and advocate of DAO.
Do Kwon, the Co-founder and CEO of Terraform Labs.
Justin Sun, the founder of Tron foundation
Brian Lee, partner at Alameda Research Ventures
We are backed by: NGC ventures, Monday Capital and Huobi DeFi Labs
Our team consists of many talented blockchain engineers, frontend developers and designers with years of experience. They have worked on several successful crypto projects before and joined us on our journey with Antimatter.
Q4: Can you tell us about your recent Developments and achievements ?
The most recent development is our successful launch of Antimatter Structured. Dual Investment and also Recurring Strategy are two Structure Products that are now live on BSC.
A great achievement is being selected as Patron in the Most Valuable Builder IV Program from BNB Chain (former BinanceSmartChain). We are competing as one of few projects, giving us access to great resources for marketing and valuable insights, as well as investment opportunities.
Q5: Can you tell community about tokenomics & tokenutility?
Our Tokenomics and Utility go hand in hand. $MATTER is powering Antimatter DAO and all decentralized applications within our hub. It’s an ERC-20 token, enabling many use cases:
Staking: MATTER holders can stake their MATTER on the Antimatter DAO Hub. Staking rewards are generated by fees gathered by Antimatter’s DApps. Gathered fees are reflected back to holders.
Governance: MATTER is used for On-chain governance. It includes paying for submitting a proposal, voting on a proposal.
Referrals: MATTER is used for creating a broad community around DAO through network referral programs. MATTER token service as an incentive for the referrals. Users can share links generated on chain and invite friends to join the DAO
Incentives: MATTER serves as incentive currency, for example as trading or subscription reward
Q6: What is the plan for the next 100 days?
More Supported Tokens: We will be adding AVAX, LUNA and more to Antimatter Structured
More Supported Chains: Antimatter Structured will be launched on additional chains like AVAX, Ethereum and Fantom.
Incentive Systems: To further enhance our $MATTER Token Utility there will be more incentives for Antimatter users to unlock features on our platform.
Tiered & Saddle Option: Innovative derivative products, based on volatility of an underlying asset
Metaverse: building a Financial Center in the Metaverse to facilitate Nonfungible-Finance
Order Book Model: onboard traditional market makers and institutions.
Q7: Why should one look into AntiMatter?
We are shaping the future of DeFi derivatives with innovation and are here for the long-term.
Q8: What’s your main focus right now, are you focused on the community or market/exchange or the products?
Marketing is a science in itself. While we truly believe that the quality of our products is essential for the success of Antimatter, there is no doubt that good marketing is very important to get a platform started. We realized that for our product line, DeFi derivatives, conventional marketing alone is not enough. Accessibility is key.
So going forward we are laying our focus on education and pair it with marketing. You can expect an educational campaign with incentives and rewards, explaining not only Antimatter but DeFi as a whole. You are all welcome to join us on this mission!
Q9: Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration?
We put a lot of importance on community. We have an forum: https://forum.antimatter.finance/ and a DAO with governance. Our goal is to build a strong global community of developers and traders to support Antimatter.
Q10: Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
While short-term is always to be considered, our focus is clearly on the long-term. Our kind of products are not suited for a quick hype, but are designed and maintained in a way that focuses long-term success. We are always researching and innovating, trying to build up a deep ecosystem which has no single point of failure.
Q11: What makes you feel confident about the survival & sustainable success of AntiMatter in the near future?
There are many protocols in the DeFi derivatives space, but as far as i know we are the only ones creating a sustainable product hub. The community and the team makes me confident in the long-term vision of Antimatter. With Antimatter DAO as our “brain” there will always be development going on.
On a technical level, we have decided to tackle Structured Products first because it is the bridge between DeFi and derivatives. Structured Products are packaged in the way which DeFi users like: earn yield on idle assets
Q12: Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
We have formed many partnerships with a diverse palette of projects.
Most notable ones:
BNB Chain (aka Binance Smart Chain)
and many more! Visit https://antimatter.finance/ and scroll down to find a complete enumeration. Of course we are always on the lookout for more projects to collaborate with, especially projects that are native on the blockchains we are utilizing.
Q13: Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Yes, Antimatter has Governance. The Antimatter decentralized governance system replaces the centralized party administration system with community governance, allowing protocol participants to suggest, debate, and implement changes to the protocol.
Governance Policies: https://docs.antimatter.finance/antimatter-dao/governance-policies
This has been the 2nd AMA in 2022, this time in the CryptoDaku Community. You can expect more of such events in the near future.
Antimatter is a hub for decentralized on-chain financial products, such as DeFi derivatives and financial NFTs. Being community driven, innovative and simple forms the core of AntiMatter.