Avax_Daily hosts AvaTerra: #Defi #AvaTerra #yieldfarm #AvaxDaily #AVAX
Avax_Daily Admin: Hello and welcome, how are you today?
Duncan: Hi, I’m faim bro, I’m impatient waiting for the start of the farm heh.
Avax_Daily Admin: Happy to hear! Ready to start our AMA?
Duncan: Let’s go.
Q1: Let’s start off with an introduction of your team. Can you tell us a bit about the team and their experience with crypto projects?
Duncan: The core team and I have been in Crypto since 2018 and use our experience with the Space to innovate on AVATERRA, we have a very diverse and experienced founding team and planned to add new members as extend to other chains, I am the Dev and we also have A Marketing and Community Lead Mod Avaterra.
As a dev I am in charge of the contracts and the frontend, our marketing leader is mainly in charge of Twitter, Telegram, marketing.
Q2: Can you explain to those finding out about you for the first time what your project is about? So why the name Terra and why is #Avaterra special?
Duncan: At Avaterra Finance, our aim is to become the top-ranking platform to explore DeFi through. This means giving our $TERRA token multiple utilities like High APR and also an opportunity buy into private sale of our project in other chain by providing liquidity, also get to use our $Terra token in vaults to earn other collaborating tokens, Our principle is layering, so holders of first layer also benefits incoming layers 😀
Q3: What made you guys choose Avalanche as the network to deploy on?
Duncan: We did a study and realized that the best place to start at this time was AVAX for different reasons, we currently have plans to expand to fantom, polygon and other networks, all our products will be launched exclusively first in AVAX.
Q4: Do you have any current audits or are you planning to receive audits, was there an ETA? And also did your team KYC?
Duncan: We do not have any audits at the moment, we are in contact with Paladin to proceed to audit our contracts, currently our contracts have been reviewed by rug doc and jagosafer team.
Our team has completed KYC with jagosafer to provide confidence and security to investors.
Q5: You guys have a really long list of pools with great APRs! Can you list the available pools for our community to know which tokens they can stake to also earn $TERRA?
Duncan: Anyone can deposit in the following pools and… Boost is ON! hehe.
TERRA-USDC.e x1200, TERRA-WAVAX x1200, WAVAX-USDC.e x 1200, WAVAX-WETH.e x 1200, USDC.e-USDT.e x 1200
Terra x500, Wavax x400, Weth x400, WBTC x400, PNG x400, USDT x400, USDC x400, DAI x400
Q6: What are your current plans for the future? How will you continue to grow in the contested DeFi Market?
Duncan: Our future plans are to expand into other networks and continue to create the best products with the highest possible APR in the safest possible way for investors, very soon we will be in fantom, polygon and… 😜 Have you heard about Terra Vaults? No? Soon you will hear about it 🙂
Q7: On your front-end you have “Future Investor Fund” which links to a #Platetectonic strategy, can you explain how this work in summary and how it benefits investors?
Duncan: From all indications, the current layered farming protocol is suffering a long term use, as most farms now struggle after the first two days, even KYC, Audit and significantly marketed projects now are not exempted from this chaos.
With a maximum supply of 11,000 tokens and low emission, to make this ecosystem a profiting protocol to the community, we created #Platetectonics strategy. So rather than creating a new layer on the same chain in days, we are giving the community a reason to HOLD their liquidity longer as an exclusive right to access a private sale of $Terra on a new chain weekly.
Q8: Where can we find out more about AvaTerra on social media?
Duncan: You can visit the AVATerra documentation at https://docs.avaterra.finance, you can visit our Twitter to keep up to date with the latest news on https://twitter.com/avaterra, you can also join the telegram group and ask any questions.
Avax_Daily Admin: With this, we are now at the end of our AMA session with Avaterra.
Time for wrapping up, any last words you would like to say to our community?
Duncan: We appreciate your patience and we can’t wait for you all to join us, our APRs are juicy and our contract is safe.
Avax_Daily Admin: Thank you so much for spending time with our community & all the very best for Avaterra.