At 01pm (UTC) on September 29, 2020, VBC hosted the AMA show with reB∆SE project, whose representative for this AMA is Mr. f∆rmer John – Yield Farm & DeFi specialist.
Brief introduction of reB∆SE:
reB∆SE is an elastic supply token that powers a whole suite of financial of products and new monetary system! The token $REBASE is an elastic supply token with a stimulus, farm and a variety of other features, and we will include the community in its control and decentralization, eventually transitioning to complete community control!
Below are some typical questions that the community has asked the guest:
Question 1: Can you list 1-3 killer features of REBASE that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
1. $REBASE has a liquidity mining incentive called a FARM, a unique thing about our future version of the farm is that liquidity miners can be paid more if liquidity gets locked, more like a bond. We are still doing research and development, but the bond itself should be tradable and still usable as collateral in other DeFi systems too! This will be attractive for providing liquidity, more than other yield farming systems!
2. The stimulus! $REBASE is an elastic supply token where we have 1 normal rebase daily, but also a stimulus where people can be paid for staying up to date with the latest monetary policies! Certain actions make users eligible for the stimulus. This is also still under research and we all work on economic models to see what is best for the community and our monetary system!
3. We also have the standard affair of time tested benefits such as governance.
Question 2: What is the value and usefulness of the REBASE token in the ReBASE? What opportunities do token holders have in the short and long term?
Answer: The REBASE token is needed for access to the financial products on our roadmap. Our farm requires REBASE token, for example. The bonds that the farm is to create all require REBASE tokens – which are locked inside of liquidity pool contracts making REBASE more and more scarce.
REBASE is a model for a whole new financial system.
Question 3: On liquidity, what measures have you put in place to attract and sustain liquidity providers as interest rates are quite competitive among available DeFi projects?
Answer: In the first version of our farm we pay liquidity providers from a growth pool! Our commitment to the growth pool is what keeps the rates competitive. Yield farmers earn based on how many other yield farmers show up, if you are first you earn the highest rate for the time!