BigOrange X Themis

1. 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!

2. 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.

3. 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.

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.

4. Q: You mention Uniswap. And about leveraging UNI-V3 NFTs. Can you provide some details here? How is this done? Would you be able to use any NFT?

A: You mention Uniswap. And about leveraging UNI-V3 NFTs. Can you provide some details here? How is this done? Would you be able to use any NFT?

When Uniswap introduced custom liquidity ranges in v3, this led to the development of NFT vouchers that represent each user's distinct liquidity position rather than representing it with the LP tokens used in v2.

At launch, Themis will support only UNI-V3 NFT’s, but we plan to incorporate other NFT’s moving forward!

When Uniswap introduced custom liquidity ranges in v3, this led to the development of NFT vouchers that represent each user's distinct liquidity position rather than representing it with the LP tokens used in v2.

At launch, Themis will support only UNI-V3 NFT’s, but we plan to incorporate other NFT’s moving forward!

5. Q: It's interesting to have the "auction" feature in the upcoming new version. How does it work?

A: When you take out a loan with Themis, you’ll need to pay it back at some point (obviously).

If that doesn’t happen the LP will be liquidated, and the NFT voucher representing it will go up for auction. Once the collateral is liquidated, the NFT will appear in our Auction Pad and be sold in a public Dutch Auction.

Keep in mind that the value of the liquidated assets is often higher than the borrowing value and interest, thus creating great opportunities for arbitrage. The Dutch Auction feature will allow other users to bid on those NFTs. Make sure to check it regularly, because you might find one lower than the market price!

6. Q: Tell us about $TMS. What role does the token play in the ecosystem? Governance?

A: That’s right, $TMS serves as the governance token for Themis. It represents your stake in the project and can be used to vote on proposals for anything from protocol upgrades, to adjustments in interest rates or how to allocate treasury funds, to name a few examples.

Users are rewarded $TMS by participating in the Themis ecosystem. Lending, borrowing, and mining are all ways that users can get more $TMS!

Feel free to hop over to our Discord and ask us more about how to earn $TMS.

7. Q: Governance is a key component of Themis. What can we look forward to? How is it structured?

A: Great question!

Themis’ governance model is a combination of incentives for the contributions of various roles such as Lender, Borrower, Liquidator, Vote, liquidity, Market Maker, Eco-Partners, etc.

The TMS token is the governance token for the Themis protocol. It plays an integral part in the DAO and will be used to vote on proposals such as burning, smart contract upgrades, the use of the Treasury, and ecosystem funding.

Since we’re a DAO our community will play a big role in making decisions that impact the whole protocol!

8. Q: Is your platform suitable for Crypto beginners? Does the platform have a guide for non-crypto users, or is it only interesting for professional users?

A: Absolutely! Themis’ UI is quite streamlined and very user-friendly. Users with any level of experience will have no problem using the app.

That being said, we understand that crypto newbies might not have as clear an understanding of Uniswap v3, or how NFT vouchers work. That’s why we’ve published several blog posts explaining UNI-V3 NFTs and the opportunity this has created for Themis and its users!

Check out our Medium blog if you’d like to learn more about Themis and how Uniswap v3 changes the game!

We’ll continue to publish more educational posts to better inform our users how they can make the most of our platform.

9. Q: What are your advantages over your competitors?

A: Themis is currently the only protocol that allows you to leverage your UNI-V3 NFT as compared to ERC-20 only lending protocols! In that sense, we have no direct competitors.

While there may be v3 management tools out there that could provide users with some sort of asset management capabilities, Themis allows users to incorporate more autonomy into their strategies than any other protocol in the space.

And we’re proud of that!

10. Q: Provide us some insight into the Themis roadmap. Where are you in the development stage? What can we look forward to in the next 6 months? 1 year? Is the platform on mainnet?

A: Great question!

By the end of 2021, we’ll have our main features launched and ready to use! That means you’ll have access to collateralized UNI-V3 NFTs, Yield Farming, Auctions, and our native Money Market.

In 2022 we’ll really ramp things up by incorporating features like an NFT Workshop to create your own NFTs! We’ll also be adding an NFT Market Maker Mechanism. Additionally, you can expect diversified crypto lending, LP migration to DEXs, an optimized receiving pool, and we’ll be releasing an even further optimized oracle as well.

Looking further into the future, we plan to have vaults, derivatives, data services, and digital copyright protection finished by 2023.

Our mission is to bring liquidity to an otherwise illiquid Metaverse.

We’re always posting updates on Twitter, as well as in Discord, so be sure to join our community to stay up to date on all our developments!

11. Q:(optional) What are the major milestones Themis has achieved so far?

A: Secondly, we’ve had great feedback during our testnet period and everything is looking good for an on-time mainnet launch!

Lastly, we feel that creating the first-ever UNI-V3 NFT lending and borrowing protocol is a major milestone in and of itself. We believe that this is a crucial missing Lego piece in DeFi, and we will be working towards the goal of unlocking even more liquidity for the metaverse by growing our community and partnering with other amazing projects!

More partnership announcements coming soon! : )

Community Questions

Wang: Could you please provide the project roadmap and tell us a little about Themis' plans for the next year 2022?

David B. [2021/12/12 9:54 PM] [In reply to wang] Our product will be rolling out this month! We will also have a fair liquidity launch bootstrapping competition coming up! More info with that.

We do not have tokens right now, please beware! Our focus right now is our product, community, and our roadmap.

LD: What are the advantages of your lending platform? Why did I choose you?

David B., [2021/12/12 9:56 PM] [In reply to LD] Haha, you have no choice if you’re a Uni V3 holder, there’s currently nothing out there other than us. We’re the only borrowing/lending protocol in the market that actually solves a real problem. All the others are just juicing the ecosystem by providing unsustainable token rewards.

Eric Leung: How does Themis protect users' security, including privacy and currency?

David B., [2021/12/12 9:58 PM] [In reply to Eric Leung] Our smart contract is currently being audited, funds are secured by smart contracts. From day one, the most important aspect of our protocol is security. We have extreme security parameters to follow in order to ensure that our codes pass the audit and our internal safety measures.

XIAO Zai Zai: Can you share your token economics with us? What is your total token volume and circulation? Will there be a repo system or token burning in the future?

David B., [2021/12/12 9:59 PM] [In reply to XIAO Zai zai] Absolutely, here is a more detailed version of our tokenomics -https://blog.themis.exchange/tms-tokenomics-just-dropped-powering-defis-first-and-only-uni-v3-lending-protocol-984c5a27c716

Please note that there’s currently no TGE. < Anyone that’s selling our token is a scam.

小: Are there any incentives for early investors in Themis? It's a good project

David B., [2021/12/12 10:00 PM] [In reply to 小] Absolutely, we have an upcoming “Public competition” to bootstrap our liquidity. It’s an all-new fair liquidity bootstrapping mechanism similar to what Delphi Digital just rolled out, with a bit of modification.

王：Does your project has potential, give a reason why I should choose your project, not for the short term, but for the long term?

David B., [2021/12/12 10:01 PM] [In reply to 王轩 王] If you believe in the metaverse, then you get to own a piece of the pie of the future banking. Banking for the metaverse.

溘 坠：One of the projects in the project is that native Currency has important use cases, what is the use case of $ TMS?How will $ TMS holders benefit from it? How do you get a balance between the development platform to add value to your product?

David B., [2021/12/12 10:02 PM] [In reply to 溘 坠] Our token has huge utilities, starting by allowing users to pick which pool to whitelist. which NFT signature programs to be added, what direction will the DAO be headed to, staking, and more!

乞丐版：Just getting users, holders, etc. Is not everything. In my opinion, a project needs to solve a real-world problem. What are the main concerns of your project? Have you ever thought about this problem?

David B., [2021/12/12 10:03 PM] [In reply to 乞丐版] Absolutely and I agree with you on that. That’s why our product on day 1 solves and helps create more liquidity for the DEX AMM market. There’s currently about $4billion on Uniswap V3 alone. $4 Billion levered up, that’s a lot of demand for stable coins! This means more yield for our Defi degens!

liulijie001: How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?

David B., [2021/12/12 10:04 PM] [In reply to liulijie001] We’re working with a network of influencers that will help us translate and share with their community.

疯子：How long will the token IDO be released?

David B., [2021/12/12 10:05 PM] [In reply to 疯子] TBD ser =) Try out our product, you might get airdropped

crazy wangNow that DeFi is less popular, what marketing tools does Themis have to attract new users? And it's almost Christmas. What will happen? Such as airdrop, list on CMC, and so on

David B., [2021/12/12 10:06 PM] [In reply to crazy wang] We’re not just a “Defi project.” But, an intersection of NFT, GameFi & DeFi.

L: For each project, how to properly balance the cooperative relationships of all participants such as communities and ecology, and must have the founding team of each project.A key consideration. I would like to see which unique advantages in the distribution of rights and interests are in your opinion.@dbrautDesperate to find out.

David B., [2021/12/12 10:07 PM] [In reply to L] Exactly, that is why our DAO is structured in a way where our communities have a voice in it

ZHI shui shui: It is very difficult to do projects in the bear market. People will abandon it because of price stagnation. How can you guarantee that the project will not fail because people are abandoned?

David B., [2021/12/12 10:08 PM] [In reply to ZHI shui shui] I disagree, the best time to build is during the bear market. All the great projects started in 2018. Plus, I don’t think we’re in a bear market at all. Tons of VCs/ “Smart money” entering the market.