Linear/Chaotic X MoonbeamCN AMA Recap 17/03/2022
We hope everyone enjoyed the AMA last week with Moonbeam’s Chinese Community. For those of you that couldn’t make, please find the recap below!
Tracy | Moonbeam: Hello Moonbeam lovers, welcome! I’m Tracy, Moonbeam ambassador in the Chinese market, I’ve long been an enthusiast of the Moonbeam ecosystem myself and I’m very honored to be the host of today’s AMA.
Today we will get to know more about the Linear Finance team from our guest Kevin Tai-project lead of Linear Finance and Chaotic Finance. Great to see you, Kevin!
Kevin | Linear/Chaotic: Hello Tracy and Moonbeam community, thanks for hosting me today!!
Tracy | Moonbeam: Let’s get started!
Please briefly introduce yourself and Linear Finance, also Chaotic Finance, a community-driven delta-one asset protocol on Moonriver. Are there any differences between Linear Finance and Chaotic Finance?
Kevin | Linear/Chaotic: Sure thing! I’m Kevin Tai, project lead for Linear Finance and Chaotic Finance. Linear Finance is a cross-chain compatible (Ethereum & BSC), decentralized synthetic asset protocol to create, trade, and manage Liquids which are synthetic versions of digital assets, commodities, and indices.
Chaotic Finance is the team’s integration on the Kusama network via Moonriver. The main differences between the two protocols are that Chaotic allows users to trade with up to 4x leverage. The synthetic assets in Chaotic all allow users to trade both long and short positions.
$CHAOS is Chaotic’s native utility token and plays a key role in both our dApps: Chaotic Exchange and Chaotic Buildr. You can get $CHAOS from our WMOVR/CHAOS pool on Solarbeam here https://t.co/uHEYcl7cR2
Here’s an infographic with the key differences of each protocol:
Tracy | Moonbeam: Thanks Kevin for the introduction. Here’s the next question:
As an asset protocol, how do you think about the multi-chain deployment strategy, and why did you decide to deploy Chaotic Finance on Moonriver?
Kevin | Linear/Chaotic: From the beginning we knew we wanted to build on both Kusama and Polkadot, the question was how to do the integration in a manner that is easy? After doing some research the answer became pretty obvious to us: Moonriver and Moonbeam.
Given that Linear was originally deployed on the Ethereum network, Ethereum compatibility was a key factor in our decision. But I think most importantly, we believe in the team and people behind both Moonriver and Moonbeam. It comes as no surprise they have one of the most active ecosystems on their respective relay chains.
Tracy | Moonbeam: Thanks Kevin. Here’s the next question:
Chaotic Finance launched at the end of February on Moonriver. Could you help introduce Chaotic’s ecosystem? For example, Chaotic Exchange, Chaotic Buildr and cUSD?
Kevin | Linear/Chaotic: Sure… So as you mentioned, we currently have deployed two dApps: Chaotic Buildr and Chaotic Exchange. On Chaotic Buildr users can stake their $CHAOS (the protocols native utility token) and mint cUSD, our stablecoin. Users can use their cUSD to trade long and short positions with up to 4x leverage on Chaotic Exchange.
That’s a very brief summary on how the protocol and ecosystem works. If you’d like a more in depth look please check out this guide how to navigate the Chaotic Ecosystem: https://medium.com/@chaoticfinance/navigating-chaotics-ecosystem-76d86a3dff47
Looking ahead, we’re also exploring potential partners to set up an incentivized cUSD/WMOVR pool to ensure we attract liquidity and allow users to stake their LP. More on this to come…
Tracy | Moonbeam: Thanks! BTW The medium articles are very helpful! Make sure you check on the links! Let’s move to the next question:
Compared with centralized leverage platforms, what are the unique advantages of Chaotic Finance?
Kevin | Linear/Chaotic: Within Chaotic Finance roadmap is the creation of the Chaotic DAO. This will enable $CHAOS holders to help shape the future of the protocol. In addition, Chaotic Finance is decentralized so users with simply a wallet address can come and trade! Compared to other centralized leverage platforms, we believe this is a unique advantage that Chaotic Finance will have.
Whether it is to determine key parameters such as leverage levels or listing the hottest new token in the market, the Chaotic DAO will allow users to discuss specific proposals and vote on them to be approved.
Tracy | Moonbeam: Got it, Chaotic is indeed special. Next question:
What do you expect on the Moonriver & Moonbeam ecosystem?
Kevin | Linear/Chaotic: First of all we’d like to congratulate the team on the successful launch of Moonbeam on Polkadot earlier this year!
We expect both the Moonriver and Moonbeam ecosystems to continue growing. As more projects join their networks use cases and applications between protocols will become imminent. This will only increase the ecosystem’s attractiveness to new users who may be fed up with other networks’ high gas fees or unreliability.
Tracy | Moonbeam: Thanks Kevin! We all have the same best wishes for the ecosystem. Next question will be the last one of our basic questions and it will be important, here it is:
Where can people get the latest info on Chaotic Finance? Will there be any events or campaigns in the future?
Kevin | Linear/Chaotic: Both our Twitter and Telegram channels are the best places to get the latest on Chaotic. Also, if you have any questions make sure to head over to our Discord channel, we have a great group of admins that are always happy to help. And for more in depth guides and articles check out our Medium.
Here are the links:
Tracy | Moonbeam: Again thanks for being our honored guest today, Kevin! And thank you everyone for being our audience and supporter of the community! The AMA ends here and we’ll keep you updated on the latest news of Moonbeam as always, and also the news of Chaotic of course!
Kevin | Linear/Chaotic: Thanks for the great AMA!
About Chaotic Finance
Chaotic is a community-driven delta one asset protocol on the Kusama network via Moonriver. Chaotic allows its users to get exposure to various synthetic assets by letting them trade long and short positions with up to four times leverage.