AMA of Ternary Dao community 2021.11.25
Q: What's the difference with Aave V3?
A: My 2 main arguments are 1. timing < they have been talking about this for quite some time and due to the large scale of their current infrastructure with more than 20B worth of assets on it. They will have to be very careful when it comes to security aka very long time
and secondly, we are much more flexible and is willing to work with “smaller” and newer projects and is actively working with all different launchpads.
To summarize: 2 points, 1 time and 2 execution ability to pivot and target “smaller markets” which btw adds up to more than $5b in TVL if you look at all the different launchpads.
2. Q: Do you get the value of LP NFT by going directly to the oracle of TWAP done by UNIWAP? If LPNFT is attacked by lightning loans causing the price to be unanchored. Will themis take a liquidation operation directly?
A: Yes, we do get the value through TWAP oracle. In the latest version, we use uniswap V3's TWAP quotation. Time weighting can target price attacks to a certain extent, but more importantly, we have adopted a whitelist mechanism for addresses that directly call LendingPool. That is to say, Themis allows lightning loans to be made by protocols in the whitelist, thereby realizing LendingPool's Protocol-to-Protocol, and because of this setting, ordinary addresses cannot directly bypass the front-end to activate lightning loans. If there is a price break, we will also have a correction time of about 30 minutes. During this time, users will be allowed to adjust the risk through prepayment or Increase position. This prevents attackers from maliciously liquidating the borrower's assets.
3. Q: What's your moat? If others copy the same model, are you confident that you will not be occupied by market share?
A: Great question! As you know DeFi protocols are mostly open sourced, anyone can copy the codes. But, they cant copy our execution ability, the partnerships, the liquidity that we have secured =)
4. Q: Whether ordinary users can participate in DAO governance？
A: Yes, we’ve design our DAO to be as inclusive as possible =)
Come join our discord :https://t.co/DX6pCorda4?amp=1
To learn more about our DAO
5 Q: Sir,Is the NFT pledged by the user locked into the user's wallet or transferred to the project pool? How do you improve the liquidity of NFC? Is security guaranteed?
A: great question, the Asset backed NFT (LP position) will be in the smart contract’s custody to prevent double spending. As long as you pay your loan back you have nothing to worry about =)
We will also publish our audit soon. And, our codes will be open source.