We now have an FAQ list that we hope will help you answer some of the more common ones.
1. Why do cryptocurrencies need a protocol that supports all tokens for borrowing and lending?
Demands for borrowing and lending also exist in cryptocurrency market. Tokens can earn interests when they are lent while they can be accepted as collateral to borrow other crypto assets, which is similar with the securities margin trading in traditional financial market.
Lend：Lending tokens can gain interests. After all, simply keeping cryptocurrency in the wallet is a great loss of potential profits.
Borrow: Borrowing happens when a borrower demands for certain digital assets. For example, people, who are reluctant to sell out their possessed cryptocurrencies due to the growth prospects, can borrow target tokens by pledging holdings instead of selling them. Alternatively, short-selling is feasible by pledging holding tokens and borrowing target assets to sell. When the price of the target assets drops and they are bought back at a lower price, profit is gained from price spread.
2. How does GAMA make all tokens available in the cryptocurrency market?
Whether in Compound or AAVE, all assets are put in a same pool. But GAMA allows users to build a new pool that is under self-management and independently operation, just like a private Compound that can customized lending tokens, pledging assets and pledging rate.
3. What is the structure of the GAMA money pools? If there are any correlations between them?
At current GAMA V1, the tokens that are allowed to be borrowed and lent in pool#0 are also automatically available in pool#(1~n). P ool#0 is managed by GAMA owner, and only supports tokens that are limited in stable coins and other tokens with good safety, stable price, widely acceptance and highly liquidity. In general, borrowers of pool#(1~n) also have great demand for these cryptocurrencies.
At present, the funds in pool#0 and those in pool#(1~n) are completely independent. However, for higher profits, GAMA V2 will allow assets in pool#0 to flow into pool#(1~n) at protocol layer under the specific rules and valuation of risk and return. Of course, the GAMA community will decide whether these actions will be implemented.
4. What assets can be pledged? How does the interest rate mechanism run and how to allot the profit？
As it was said before, pool#0 is managed by GAMA owner, and only supports tokens that are limited in stable coins and other tokens with good safety, stable price, widely acceptance and highly liquidity, including DAI, USDC, USDT, wETH, wBTC. The interest rate calculating mechanism is same as Compound. allowing creators to customize any token issued by the ERC-20 protocol in pool#(1-n). The interest rate can also be customized by the governor. As for the profit distribution, platform charges 5% of the total interests and the rest belongs to depositors.
5. How does GAMA's oracle work? And how to get the price of GAMA token?
Now at version V1, GAMA’s oracle mainly relies on the mainstream protocols like DEXs, Uniswap and Balancer for price feed. That means if you want to create a new market on GAMA, you must make sure that the token has been traded on Uniswap or Balancer at first.
6.How to guarantee the safety of codes in GAMA? Has it been professionally audited?
GAMA is a fine-tuned derivative of market-proven Compound, which has been in operation for 2 years and its locked position reaches nearly 1 billion USD. Therefore, we can guarantee the security of the basic codes.
7. What are the total amount and distributed mechanism of GAMA’s token?
GAMA mainly uses loan mining and market-making mining to distribute tokens. And it will start without pre-mining. The specific issuing volume and issuing mechanism will be announced before starting liquidity mining.
8. Who are the members in the core development team of the GAMA project?
All members in the development team remain anonymous for GAMA is a completely open financial experiment conducted by the GAMA native community.
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