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Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from PhutureDAO and our guests were @charles @OliverMehr. The AMA took place on 27 May.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1?—?introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with PhutureDAO! Welcome to Satoshi Club
Mihai Pisica: Hello everyone here in Satoshi Club. Another sunny day outside )
Our guests for today will be :
@charles
@OliverMehr
Oliver Mehr: Pleasure to be here!
Charles | Phuture: Great to be here!
Mary | Satoshi Club: Welcome here
Mihai Pisica: Welcome in Satoshi Club Oliver and Charles!
It’s an honor to have you here )
Mary | Satoshi Club: Hello! How’s going?
Charles | Phuture: All good?—?pleasure to be here!
Mary | Satoshi Club: Awesome! Let’s start our AMA
Mihai Pisica: We are excited for this AMA guys! And we want to know more about you, could you give us a short introduction about you?
Charles | Phuture: [
Sticker ]
We are an experienced team with backgrounds from traditional venture and technology development.
Oliver and I have been in the crypto space since 2016 and have worked together for the past 5 years. Prior to Phuture, we were partners at SVK Crypto, a UK based Venture Firm backed by Block.One?—?we invested into early stage businesses utilising blockchain technology.
We have invested in an array of different industries from Adtech, to Gaming to VR. We co-invested alongside some great names, such as?—?Google Ventures, Kliener Perkins, Galaxy Digital, Polychain Capital and Alibaba to name a few.
We helped our portfolio companies integrate blockchain technology into their business. One point to note was that these businesses had traditional users who were not familiar with using blockchain tech. We worked very hard to integrate it in ways that were seamless and that didn’t change the UX. A lot of these lessons have found their way into the design of Phuture and why we feel that Phuture will be able to attract not just crypto native users, but also non-crypto natives looking to make their first investment into crypto.
We have raised $1.5M in a recent seed round and we are proud to share that we are supported by some of the most forward-thinking investors in the Web 3 landscape, backed by Ascensive Assets, NGC Ventures, SevenX, Moonrock Capital, Origin Capital, Waterdrip Capital, and D64 Ventures.
Mary | Satoshi Club: And about PhutureDAO as well
Charles | Phuture: At Phuture we are building the infrastructure for you to create, build and invest in crypto indices.
Once live, Phuture will introduce an open design philosophy for creating passive investment strategies. Designed from the ground up to be intuitive to both crypto and non-crypto native users, Phuture provides the tools to create new indices or invest into existing ones created by the community.
The Phuture protocol introduces its unique, scalable, aggregated index architecture that allows it to rebalance across multiple indices simultaneously. Its smart rebalancing engine dynamically ascertains the optimal rebalancing triggers, minimising value lost through swaps and improving index performance.
Mihai Pisica: Man… awesome background!
Mary | Satoshi Club: Why you choose indexes?
Mihai Pisica: And btw, speaking about the team, how big is it? How about core members and other ones?
Oliver Mehr: Index investing is a cornerstone of traditional asset management and the top index providers have accumulated trillion-dollar AUMs. It is estimated that nearly 50% of the value in the U.S. stock market is held by index funds.
With crypto markets developing it is highly probable that asset and strategy allocation will begin to converge with traditional finance. Phuture’s index platform stands to benefit from this influx of capital.
As the token economy expands and becomes more diverse, participants will want products that can provide them with diversified exposure to these different sectors.
Sector specific indices will become the schelling point for benchmarking performance.
Mary | Satoshi Club: Will PhutureDAO be only about indexes?
Oliver Mehr: Yes Phuture is solely focused on passive investment strategies.
Charles | Phuture: 5 core team members, our recent seed round was to raise funds to bring on more developers!
Mary | Satoshi Club: Yes, such successful seed round gives you a lot of opportunities for future development
Congratulations, guys!
Charles | Phuture: Exactly! We have been working on Phuture for the last 12–14 months. It’s great to start to build out the Phuture team with additional talent
Mary | Satoshi Club: Btw, me and my friends currently looking for such opportunities as passive income, so we are really happy that we have a chance to ask you about all details!
Mihai Pisica: Guys, we have some questions from the community, would you want to proceed to them?
Oliver Mehr: We are glad to get into the details
Absolutely
Mary | Satoshi Club: Let’s go
Q1 from Telegram user @costurera3000
A few days ago it was announced that the Phuture IDO is open. Can you mention what are your expectations about this IDO? What is the minimum purchase? And, are there limitations for users from some countries who cannot participate?
Mary | Satoshi Club: Wow, promising IDO
Oliver Mehr: Our expectations for this IDO is to raise $250k. The capital raise is merely symbolic as it will be ploughed back into providing liquidity for the token. Ultimately, the IDO represents our opportunity to begin broadening the distribution of PHTR. There is no min purchase, but we are currently deciding upon max allocation. We will have a concrete answer once whitelist closes on Friday at 5pm UTC.
The countries we are not accepting into the IDO are:
Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, USA, Venezuela, Yemen and Zimbabwe.
Mary | Satoshi Club: Where and when your IDO will take place?
Also, can you give us a link where we can apply to Whitelist?
Oliver Mehr: Absolutely let me drop two things below
first medium post explaining everything:
https://phuture-finance.medium.com/phuture-whitelist-is-now-live-3208cdd2fe00
Second, direct link to form:
Mary | Satoshi Club: Polkastarter
Oliver Mehr: https://docs.google.com/forms/d/e/1FAIpQLSfJUG9rkc-yFOg03CxiD4hmwIA0Y8rlv6o5qy2aaDn3OJvVsA/viewform
Mary | Satoshi Club: Thank you, we still have chances can try our luck
Oliver Mehr: Yes whitelist closes at 5pm UTC Friday.
Mary | Satoshi Club: And of course we wish you successful IDO
Mihai Pisica: I’m totally unlucky at whitelisting
Oliver Mehr: thank you!
Mary | Satoshi Club: Me as well
Oliver Mehr: haha
Mary | Satoshi Club: Thank you for your answers, guys! Ready to proceed?
Charles | Phuture: Sounds good
Oliver Mehr: Ready
Q2 from Telegram user @michelth
The Phuture protocol features a unique, scalable aggregated index architecture that allows you to rebalance multiple indexes simultaneously. Its intelligent rebalancing engine dynamically determines optimal rebalancing triggers, minimizing value lost through trades and improving index performance. As we well know, once Phuture goes live, Phuture will introduce an open design philosophy to create passive investment strategies. Designed from the ground up to be intuitive for both native crypto and non-crypto users. In case, does Phuture provide the tools to create new indexes? For what purpose is Index Creator used?
Charles | Phuture: The index creator tool is the gateway into creating new indices on Phuture. It segregates assets into sectors to make it easier to choose assets. It provides different weighting methodology such as fixed weights and market cap weighting. This allows your indices to be weighted based on dynamic datasets, ensuring the weights of your assets evolve over time. Lastly, the creator tool allows you to create indices that track a given sector. Therefore, a user can create an index that tracks the top X assets within a sector.
Oliver Mehr: We think that this will be the most powerful tool for creating automated indices. In less than four screens a user can create an index that actively tracks a sector without requiring any additional input from the user.
Mary | Satoshi Club: can you give us an example
Oliver Mehr: Of course, so if a user selects the decentralised exchange sector, they may not know which assets to choose
We solve this issue by allowing them to track a top ranking of assets
So we can say do you want to buy the top 3 tokens in this sector.
Once they select this type of index it will always represent the top 3
Mary | Satoshi Club: Only top? If someone likes risk
?
Oliver Mehr: so two years from now when they redeem their index. They will receive the tokens that are the top 3 at that time. We make all the adjustments in the back end.
Mihai Pisica: How much percentages from the profit does a index creator gain?
Oliver Mehr: For now, we do top 3, top 5, top 10.
Charles | Phuture: None.
Oliver Mehr: Since the indices are so easy to create and there is no active management on the creators part. We did not feel that a reward was necessary.
We have the ability to distribute fees earned from the indices to other parties excluding our fee contract. Although, this is primarly for partnerships we engage with.
We are excited to bring some branded index products.
Mihai Pisica: Got you, everything clear to me )
Mary | Satoshi Club: Which DEXs will you support?
Also top?
Oliver Mehr: We will support all major dex’s on Ethereum. We use 0x API to allow us to tap into all the major exchages on Ethereum. 0x also enables us to get the best exchange rate for our users.
What this means is that from day 1 users will have access to a wide variety of assets to include in their index.
Mary | Satoshi Club: Awesome!
Oliver Mehr: In addition, 0x is extensible to other chains we will be launching on including BSC and Solana.
Mary | Satoshi Club: Oh, that’s nice!
Will you use L2 for Ethereum chain, as fees are a pain for everyone now?
Mihai Pisica: Waiting for that guys, it is really a cool staff you are presenting here )
Oliver Mehr: We plan to roll out the Phuture ecosystem onto L2 but there a few considerations to take into account. First, we leverage external liqudiity and thus we need to join an L2 that will have incumbent exchanges with good volume and liquidity. Second, we want to make sure we commit to an L2 that is attracting the lions share of users.
So we will wait to see which L2 gets the most traction and deploy there
Many people are excited about Arbitrum and Optimism. These are both based on fraud proofs
we are also excited about ZK Sync and using validity proofs for much shorter withdrawal times.
But reducing user fees is a priority for us.
Mary | Satoshi Club: Polygon is also gain a lot of attention now, as i know
but let’s see! You doing great, guys! Can’t wait to see how everything will work!
Oliver Mehr: Indeed!
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Oliver Mehr: Yep
Q3 from Telegram user @mctrho
Let’s talk about the security and trust that users can give to PhutureDAO, according to the project documents PhutureDAO adopts different protocols that provide different functionalities to the ecosystem, such as the Optimized Rebalancing protocol, Rebalancing Surfaces, Rebalancing Bands, and more. But are all these protocols backed by smart contracts? Are they vulnerable to bugs or hacker attacks? Can users safely place their trust in PhutureDAO protocols?
Oliver Mehr: Okay lets get into it.
Firstly, all contracts will be audited by Quanstamp, we believe they are the best audit firm in the industry with an excellent track record of working with major projects.
In addition, Richard Ma the CEO of Quanstamp is an investor.
So when we go live on mainnet we will be fully audited.
We can group rebalancing bands and rebalancing surfaces into a category called rebalancing engine.
Mary | Satoshi Club: Ahaha, he is interested
Mihai Pisica: Do you plan more audits from 3rd parties? Or you will get limited just at the Quanstamp?
Oliver Mehr: The rebalancing engine cannot be run on-chain (we tried to) but the approximations you must do onchain for the computation to be feasible meant that the errors we were getting were too great
Mary | Satoshi Club: Btw, did you already tested your platform?
Oliver Mehr: So that code will also be audited but it is run by our validator nodes off-chain.
We will just do the one with Quanstamp.
test net is not yet live
we expect it end of JUne
Anyone can be a validator, they must stake PHTR to do so.
and they will be rewarded for executing core protocol functions
Mary | Satoshi Club: Everyone will be able to test? Also, do you plan any bug bounties?
Oliver Mehr: yes we will open testnet up to the public.
Bug bounty will be in place. It is TBC on the amount at the moment.
Mary | Satoshi Club: Super!
Thank you for your answers! Ready to jump to the next question?
Mihai Pisica: More than clear )
Oliver Mehr: Yes
Q4 from telegram user @Highpee
Your token distribution is unique by design. Out of the total supply of 100,000,000 $PHTR that you will have, the team (both present and future) will be controlling 28% while investors will be given 19%. Why did you allocate 5% of your tokens for future team members that are yet to be employed and what will happen to these tokens if these individuals were not employed or if the numbers eventually employed cannot take up the whole 5% of tokens reserved for them? Why is the team controlling almost one-third of the entire token and how are these tokens meant to be released or distributed among the team? And for the 25% allocated to ecosystem, what activities are these meant for and how will their distribution be governed?
Oliver Mehr: We believe it will be important to attract and retain the best talent in order for Phuture to grow into the largest onchain index platform. Thus, we decided it would be prudent to set aside 5% to make sure we could entice the best people
Mary | Satoshi Club: Will you lock team tokens?
Oliver Mehr: The 5% is owned by Phuture Labs and thus we would have the ability to control how it is spent.
It worth noting that the DAO will hold just under 53mm tokens
this is controlled by the community and we expect it to be used for growth and retetion programs.
Decided in unison with the community
The team is locked up for 27 months
3 months cliff
24 month vesting
Mary | Satoshi Club: Seed round tokens also locked?
Oliver Mehr: The DAO tokens which are made up of ecosystem and liquidity tokens are vested over 5 years
Mary | Satoshi Club: Btw, can you share your tokenomics with us?
Oliver Mehr: The seed tokens are vesting over 2 years
with 10% distributed at TGE
Mihai Pisica: What is the reason of vesting for so long time?
Oliver Mehr: The current team tokens amounts to 20% which we feel is commensurate to the value we plan to put into Phuture over the next 10–20 years
In terms of how the token will be used?
We did not want to have all the tokens available at once. To ensure that we can spread the incentives over a longer period of time. If all tokens are available there is a concern that a large part of them will be used early on and we will not leave enough to stimulate growth in the latter years
Mary | Satoshi Club: Yes
Mihai Pisica: Make sense, a logical point of view ) Good explanation for the newbies from our community )
Oliver Mehr: Token can be used in the following ways ( this is from a medium post being released soon):
Staking
Staking
PHTR can be staked into the protocol. When PHTR is staked the user receives enhanced PHTR (ePHTR). ePHTR gives the holder access to governance capabilities. In addition, ePHTR is continuously earning and compounding PHTR denominated rewards. An ePHTR holder can redeem their accrued rewards by unstaking.
Initially, rewards distributed to the staking contract will stem from the treasury but over time they will be replaced/augmented by the fees generated on the platform. Fees generated on Phuture are used to buy back PHTR on the open market and redistributed into new and/or existing operating/growth/retention initiatives.
Staking naturally dilutes non-participatory token holders relative to staked holders over time. This results in more influence being held by the active and engaged portion of the Phuture community.
Oliver Mehr: Governance
ePHTR is the medium through which governance is enforced. Holders can propose changes to the platform and vote on existing proposals.
Index Incentives
PHTR is distributed to holders of whitelisted indices. Indices can be whitelisted via the governance process.
Validators
Validators are required to bond PHTR in order to become eligible for executing core platform functions. In addition, on non-ethereum chains PHTR is used to reward validators for the work they perform. During the initial phases of a new chain deployment, PHTR from the treasury will be used to reward validators. This is due to the fact that index fees will be insufficient to cover these operating costs. However, as the deployment matures, fees will replace treasury funded rewards.
Phuture generates fees is three ways :
AUM Fee
Yield Fee
Redemption Fee
Oliver Mehr: the yield and AUM fee are used to buy back PHTR and redistribute to our ongoing intiatives whether that is staking or operating activities etc.
Mary | Satoshi Club: A lot of usecases!
Oliver Mehr: This put an ongoing buy pressure on the price and users who stake can receieve a portion of protocol fees over time.
Mary | Satoshi Club: Your members will have a lot of incentives!
Oliver Mehr: When an index is redeemed 1% of the index value is required to be burnt
This offsets the emission from other incentives
it is important to note that our max supply is 100mm but we have built in a feature to turn on perpetual inflation of up to 3% per year. This is off by default but can be voted in by governance.
Mary | Satoshi Club: Thank you for your detailed answers! i see PhutureDAO as a good source of passive income!
Oliver Mehr: It really depends on the maturity of the Phuture ecosystem. If we are generating enough fees to cover incentives and validator costs, we will likely not need perpetual inflation. Otherwise we may need it.
Mary | Satoshi Club: You leave a space for choice for the future
Thank you for your answers! Ready to go to the next one?
Oliver Mehr: Yes
Q5 from telegram user @NataliyaKil
Phuture uses keepers to ensure the proper operation of the platform. Keepers execute three core protocol functions: Rebalancing, Recapitalization and Reweighting. Can you tell us who the custodians are and their functions, and what is the significance of the functions they perform for the platform? Is there some kind of reward for the keeper?
Oliver Mehr: So anyone can become a validator. Of course, when we launch Phuture will have its own validator but over time we expect third parties to join as well.
You must bond PHTR become a validator
Reweighting == Indices that are based on dynamic data like market cap need to be updated. Validators update these market cap indices on the platform making sure they have the correct claim over the protocols assets.
Mary | Satoshi Club: What does it mean ‘bond PHTR’?
Oliver Mehr: Rebalancing == Phuture rebalances multiple indices at once, that is how we are able to massively scale. Unfortunately, this computation is too complex for on chain use. So validators run these computations off chain to decipher which asset is the best to rebalance and what quantity. This info is then fed into the 0x order router and the rebalance is made.
We can check validators are not sending the wrong info by asking each of them to send us the order they think should be used and comapring the results.
The honest majority will win and it can be double checked against our own validator node, which will always be correct.
Essentially, stake PHTR which can be slashed in the event that a validator misbehaves
Mary | Satoshi Club: Gotcha!
Oliver Mehr: On ethereum validators are rewarded through keep3r network
on non eth chains they are rewarded through PHTR
initially the PHTR will come from the treasury but once fees are sufficient to cover costs we will use the fees from the platform.
making the ecosystem self sufficient
Mary | Satoshi Club: Nice system!
Mihai Pisica: Tbh, I’m in love with it!
Oliver Mehr: Recapitalisation involves moving assets from yield optimisers to Phuture and back
Since we do not keep assets idle
we lend them out or stake them in yield optimisers
but we must always maintain enough assets on Phuture
and validators ensure that is the case
Mary | Satoshi Club: And everything works automatically, right?
I mean there won’t be any human factors involved?
Oliver Mehr: So all actions are incentivised to happen automatically.
Of course, we rely on other actors to do these actions
but much like other defi platforms there are incentives in place to ensure proper operation]
when you look at liquidators on lending projects. They are simply incentivised to do their job.
Mary | Satoshi Club: Everything is clear for me! Thank you for your answers!
Q6 from telegram user @Josewen
Phuture brings more logic to the rebalancing process through two initiatives; rebalance belts and rebalance surfaces. In unison, these two concepts minimize value leakage through the rebalancing process. Why are there so many changes in Phuture just days before the private sale? Why have they reduced the name, I understand that they were previously DAO, have they already disabled this function? What does the rebrand symbolize? Ultimately, have you decided to make these changes because of low initial liquidity levels?
Charles | Phuture: PhutureDAO was the first name we went with, after time we decided Phuture has a cleaner ring to it and would be an easier name for non-crypto individuals to understand/remember.
Oliver Mehr: We have spent a lot of time working through different design approaches. Initially when we started Phuture we were planning on integrating an AMM into the heart of the platform. However, after a lot of consideration we did not believe that this would provide Phuture with the right edge over its competitors. Therefore, we chose to pivot our design to provide us with a tangible benefit over our competitors and offer our users a unique index experience.
Mary | Satoshi Club: I think your decision makes sense!
Thank you for your answers! We got a lot if info about PhutureDAO, but… We want more
That’s why we have second live part
Mary | Satoshi Club: Are you ready for it?
Part 2?—?live questions from the Telegram community
Q1 from telegram username @Korryl
I read from your site Phuture want to launch Governance live when your platform fully goes live on July 2021.People can create and vote on Proposal. Can you explain more how does Governance work inside Phuture project? How user can participate to vote?
Charles | Phuture: We intend to launch with governance live. This means that once our platform goes live fully in July, users can create and vote on proposals. In order to vote, PHTR must be staked. Users who stake receive ePHTR or ‘enhanced PHTR’. This provides voting rights and users receive a yield for staking. This yield will come from the treasury in the beginning but as more fees are generated on the platform these fees will be sent to the staking contract. In order to redeem a Phuture Index you must burn 1% of the index value in PHTR. This is a tax on arb traders. Why? Because most users will not redeem indices, they will just sell them on uniswap. But arb traders will buy from uniswap for less than NAV and redeem on Phuture platform for NAV. Therefore, this 1% burn redistributes some of the arb traders profits to the PHTR token holders.
PHTR token holders benefit from three fees.
AUM fee
Yield fee
Redemption fee
All fees go back to treasury, controlled by token holders.
Q2 from telegram username @Anjan336
how to join #PhutureDAO Whitelist to participate in Public Sale?
Charles | Phuture: https://twitter.com/Phuturedao/status/1396769043235938304
Q3 from telegram username @h1drX
I would like to talk a bit about the limitations of Phuture, according to the information on your website, any user can create their index with both cryptographic assets and tokens linked to NFTs or shares as long as it belongs to the Ethereum network. But do you plan in the future to implement a multi-chain protocol that allows users to create indexes with tokens belonging to other chains?
Oliver Mehr: Phuture will support any erc-20 token that is whitelisted by the community. So tokenised shares that are erc-20 will be supported. NFT’s will not be supported at launch. Namely, because reliable pricing data is hard to get. We plan to launch instances of Phuture on parallel chains to begin with. Each chain will only support the assets of that chain. Our next iteration, will see cross chain indices become a reality by allowing assets to cross over from different chains.
Q4 from telegram username @vedamatrix
Why did you choose polkastarter for your IDO? Why not other launchpads?
Charles | Phuture: Our target market at launch is crypto natives, hence why we are doing an IDO on Polkastarter. It’s not to raise capital but a growth strategy to help promote Phuture and it’s ecosystem.
We see a huge opportunity for Phuture to expand outside of the crypto community, to the wider population. The platform has been designed in an intuitive and simplistic way to allow non-crypto natives to engage in the protocol!
Q5 from telegram username @Kabirkapoor9
Hello @OliverMehr @Charles
Please share your roadmap for 2021? Any specific event you wanna mention?
Charles | Phuture: Q2:
$PHTR token launch
Staking for $PHTR will be live
Testnet
Mainnet
Q3:
Snapshot voting
Expand yield optimisation strategies
Expand dynamic datasets
Q4:
Development of cross-chain indices
L2 deployment
Meta governance support
Q6 from telegram username @ysasoma
I read that Phuture’s design achieves scalability by allowing a single exchange to rebalance multiple indexes simultaneously, but how do you guarantee that the results returned by the calculation by this smart index architecture are reliable, have you done any internal and/or external testing to corroborate that this is error free and that there is no way it will harm the project or the investors?
Oliver Mehr: We are extensively testing this algorithm to ensure that it is robust in all eventualities. We tested our rebalancing logic onchain and came to the conclusion that the error was too large. Our offchain simmulations show an error of less than 1%. This will be further tested both by us and auditors before launch.
Q7 from telegram username @Shaa93
Does Phuture have a competitor? If yes, what are the killer features of Phuture to the competitors?
Charles | Phuture: Phuture has designed its platform in a unqiue way to our competitors. I define these comps as Index Coop, Powerpool, PieDAO and Indexed. The latter three are all based on balancer smart pools. One thing that those projects have realised is balancer smart pools are in flexible due to being an AMM.
Here are some examples: When you create new balancer smart pool it doesnt have any liquidity, so users cant do one sided deposits because slippage is too high. Therefore, users must bring every asset in the index in order to mint. This is a poor user experience, most people dont own all the assets of an index, that is the reason they are buying. Phuture solves this by tapping into external liquidity, this means that regardless of the size of your index, your execution costs will be roughly the same. Whereas on balancer the depth of the pool heavily dictates how much price impact you experience. This might be fine if you only have a few indices which are all quite deep but on Phuture we are letting anyone create indices which means we will have indices that are not that popular. Regardless, if someone wants to invest in a less popular index it should be the same experience.
The other problem that smart pools have are related to optimisation. In order to push assets to yield optimisers you must remove assets from the AMM, this negatively affects the price impact when minting. If you smart pool is only small you cannot afford to push any assets to yield optimisers. Therefore, these smaller indices dont get additional yield. On Phuture, we aggregate all indices into pools of the same asset. Then we push assets from that pool to yield optimisers. The yield that we get is then shared across all indices that hold that asset proportional tol their size. This means even small indices benefit from yield optimisation.
Obviously, when compared to Index coop, they dont let you create your own index without governance permission. Phuture does. Also their rebalancing auction requires quite a lot of coordination, so they only rebalance monthly/quarterly. If you rebalance quarterly your index assets will be far out of balance, especially because crypto moves so much. Also auction arent robust in network congestion and index investors end up giving too much value away to keepers. Lastly, set rebalances each index individually, whereas Phuture rebalances many indices at the same time. This means the cost to rebalance on Phuture is spread over many indices, reducing the individual cost. Phuture can rebalaance more frequently than once a quarter or once a month if it needs to.
Phuture doesnt rebalance all the time like a balancer smart pool, it only rebalances when our engine decides it is a good time to do that. We use bollinger bands to help us make this decision. By rebalancing at better times we can significantly improve index returns as well.”
Q8 from telegram username @costurera3000
— How often does index rebalance occur in Phuture? During this process, are there commissions for users? Can users manually interfere in the rebalancing process or is everything done automatically through the smart contract?
Oliver Mehr: Users cannot manually interfere with the rebalancing process only bonded validators can rebalance the platform and ONLY based on the rules set out when the index is initially created. Validators receive rewards for performing these critical functions. Rebalancing occurs dynamically, this means that we only rebalance when it is needed rather than at set intervals. When you look at balancer they rebalance everytime there is an arbitrage opportunity. This means that you are not maximising volatility harvesting. Phuture aims to use more logic in the rebalancing process to ensure we rebalance at better times. By rebalancing at better times we can significantly improve index returns.
Q9 from telegram username @himffz
Q)Which one of these aspects important for you?
1-Increasing Token Price&Value 2-Empowering Platform Development
3-Building Community Trust 4-Expanding Partnership Globally In what order?
Oliver Mehr: 3
2
4
1
Q10 from telegram username @atillayeni
What is the thought behind you to choose your tokens with ethereum blockchain and not for others like bsc or sol?
Charles | Phuture: Phuture’s vision is to become the defacto index platform across all chains. We plan on first rolling out parrallel instances of Phuture on other chains like Solana and BSC. Then we will connect them together to allow for cross chain indices.
Part 3?—?Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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