TradeCoin X Themis

AMA of TradeCoin community 2021.12.07

Q: Please introduce the team and provide some details into the founders’ backgrounds?

A: Themis was co-founded by Vincent Lee and David Braut.

Let’s start with Vincent :)Before founding Themis, Vincent worked for 9F Inc. in blockchain product development in 2018 and joined QSN (later renamed Stratos) in 2019. Vincent has worked with giants like Huawei and JIUFU Holding Group, gaining years of experience in product design and brand management before beginning his work with lending protocols and co-founding Themis.

Our co-founder David worked as managing director of Kroleo, a Washington D.C. based consulting and I.T. development firm servicing Fortune 500 companies as well as the Federal Government. Notably, Kroleo joined the list of the top 100 fastest growing companies in North America as published by Fortune.

We have a team of 8 people strong with great technical background, marketing background and most importantly financial background geared towards achieving our goal and ethos of unlocking liquidity for the metaverse!

If you want to read more about the minds behind Themis we’ve got you covered! Check out our blog here.

Q: Tell us about Themis Protocol. What is it? How does it work? What problem are you trying to solve?

A: Themis is a decentralized NFT lending protocol that will provide a collateralized lending scenario for NFTs. The protocol itself is a set of DeFi protocols developed based on smart contracts that allow users to lend, borrow, stack yield, auction, and leverage UNI-V3 NFTs.

With Themis, you’ll be able to receive a loan using your NFTs from Uniswap v3 as collateral — something no other protocol currently offers.

This way your liquidity will remain in the pool generating yield while unlocking the additional value to use however you wish — the ultimate money lego!

In addition to collateralizing your NFTs, Themis allows you to lend, farm, and even bid on liquidated positions in a Dutch Auction.

The $4.02B in TVL locked in Uniswap will be put to good use instead of just sitting there idle.

Read more about how Themis is bringing liquidity to an illiquid Metaverse here.

Q: What will users intuitively experience when using Themis?

A: If you regularly use lending protocols like Compound or AAVE then Themis will bring you something different.

First, we will offer the world's first and only platform that allows users to use UNI-V3 NFTs as collateral for loans. As a borrower, you are no longer collateralizing one token and borrowing another. Instead, users are collateralizing an LP that is providing users with revenue to get additional liquidity. Check out this strategy that utilizes Themis and a $MIM/$USDC LP for instance.

As a simple lender, users may find that Themis may have a higher utilization rate of funds and thus a higher yield. If users are players in the NFT space, perhaps those NFTs can bring them some value-added services, such as increasing the lending rate.

Additionally, you’ll have access to a role as a liquidator. Users can arbitrage the liquidation process of a lending agreement without being constrained by their own technical abilities and instead participate directly in the process.

Last but not least, we will be offering yield farming after TGE, allowing users to stake their tokens and earn rewards.

Q: DeFi is such an important thing in the current blockchain space, can you share their opinion on DeFi? Do you think DeFi will disrupt the current financial system or do you think we can live in a balance where both systems can work together?

A: First, we don't think DeFi will disrupt the current financial system. They are inherently two systems that do not interfere with each other. And DeFi will become more independent as policy regulation is strengthened and the DeFi ecosystem is improved.

I found some of the recent tweets by @Shaan Puri about the metaverse very interesting. He argues that the meta-universe is not a spatial concept, but a point in time. It is when people's virtual lives become more valuable than their real lives.

I think this same idea applies to DeFi, when people's economic activity in the digital world exceeds that of the real world. the value of DeFi will surpass the existing financial system. Just ask, for the many users and builders who are invested in blockchain as well as DeFi, traditional finance seems to be less and less relevant to our real life. I haven't touched online borrowing, stock software, and other tools and applications in a long time. This is not out of mistrust or functional issues. Rather, the size of my digital assets is gradually outstripping my real-world assets, and my real-world wealth is more than enough to meet my basic needs. More cash and stocks don't do much to help me achieve my goals and visions, except perhaps to make my life more extravagant. Then it is even more important for me to manage these digital assets well. This is something that traditional finance cannot do.

Q: Revenue is an important aspect for all projects to survive and maintain the project / company. What are your plans and ways to generate profit / revenue from the token? In regard to this please explain your income model?

A: As a lending protocol, our revenue model is actually very simple, mainly by charging a certain fee and the spread from clearing. We plan to charge a 5% fee on the interest returned by the borrower and deduct a spread from the liquidation to create a community-governed Treasury, where all revenue is used in a way that is governed by the agreement. For example, the revenue will be used to repurchase and destroy TMS tokens, to donate to contributors, etc. We are currently refining these features.

Q: Can you provide an overview of your tokenomics? Will the design of the token increase and decrease with the success of Themis Protocol, does it include any scarce pathways, such as equity, storage, or burning?

A: Yes, with the success of Themis, our tokens will become more scarce. But we don't do this through equity. TMS tokens are issued as a reward, a governance token. There are incentive targets in the governance process and they are accompanied by a certain amount of consumption. As Themis commercialization becomes successful, these tokens may be continually repurchased and destroyed.

Q:What Themis Protocol plans in place for global expansion, are Themis Protocol focusing on only the market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

A: Globalization is the only way for Themis to survive. We have teams with top management and development capabilities from the US and China, we have partnerships with a number of projects in Europe and North America, and we employ a number of operations and customer service staff in Southeast Asia. We are a global community with a relatively good division of labor. On the contrary market development we will proceed carefully according to the current project stage. This will result in some cost savings and make the project more sustainable. Themis is a decentralized community.

Q:Your platform will provide direct p2p lending protocol that will allow users the flexibility to lend money to other users and set the interest rate, collateral requirements as well as credit ratings. How can you monitor credit transactions of borrowers and implement credit ratings in a decentralised manner when these borrowers are not KYCed?

A:Themis as a decentralized protocol, in principle, does not require traditional financial instruments as an aid to provide credit. This is fundamentally different from the traditional financial ledger model. And KYC is to censor qualified purchasers. Avoid the risk of policy. Our P2P lending has a complete collateralization process and a solid Oracle feeding mechanism, thus ensuring the security of LendingPool and. In terms of governance, we are fully code-based. We believe that code is law, so in the future Themis does not need to be strictly regulated for businesses that do not involve investments and regionalized operations.