On January 29, 2023, we held an AMA with Uno Farm. This AMA session revolved around the topic of the Uno Farm project. We collected some good questions from the community during the AMA Uno Farm and also gave full answers about their project to the community. Let’s read this article to understand the content of the AMA.

Introduction

Aurority: Hi guys, I’m Landon, the Community Builder of Aurority. We update the latest information on Near about the ecosystem, analyze data, analyze projects, provide instructional content, and support users on how to use and integrate into the ecosystem.

Welcome to a wonderful AMA with Uno Farm.

Answer the question from the community

Question 1 from Cuong Sun

“How is “uno_farm” development going? Can you describe the current development status, market expansion plans, expected applications?”

Uno Farm: I’ll start from the point that UnoFarm is a cross-chain DeFi aggregator and optimizer. Our primary focus at the moment is the implementation of new blockchains and yield sources. Right now, UnoFarm is live on 4 chains: Aurora, Polygon, BNB chain, and Everscale with 6 yield sources: Balancer, Sushi, Quickswap, Flatcube, Trisolaris, and Apeswap. Avalanche and Trader Joe, MeshSwap, and Pancake are coming soon.

Also, we are going to concentrate on the update of our main feature – Autostrats, Inheritance mechanism, and further simplification of users’ experience. One of the recent features released this week is Single Asset Entry. It provides the possibility to enter any pool from any token. Automated swap is executed by a 1-inch routing mechanism, using an enterprise license.

Apart from that we continue to work on B2B integrations, providing Yield-as-a-serves White Label solutions to different crypto entities. Right now, Uno’s tech is being implemented in 2 Neobanks (Banxe.com and Brighty.app) and 1 DeFi protocol (Farm.xyz)

Question 2 from Kabita

“Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships, and what everybody stands to gain from these partnerships?”

Uno Farm: We are proud to have great partnerships with crypto industry leaders. Marketing and PR are supported by Cointelegraph, who is backing us on multiple layers within the 1-year contract signed by the parties.

Actually, our main tech partners are Chainlink for price feeds, the Graph for on-chain data gathering, 1-inch, and Odos for optimal token swap routing.

Our UVP Autostats are aimed to swap liquidity via different chains, therefore, we establish collaboration with various bridges and bridge routers: Li.Fi (already integrated their widget inside the ecosystem), deBridge, Stargate, Axelar’s Squid, Simbiosis, EYWA, and others.

UnoFarm collaborates with various chains f.e. Aurora was one of the first integrated chains and the greatest co-marketing partner of them all! We are in direct communication with Polygon, BNB chain, Everscale, Near, Algorand, Moonbeam, Axelar, Arbitrum, Evmos, Boba network, etc.

We plan to enlarge this network even harder during this year, absorbing new yield source possibilities for our users and nice partnerships for the ecosystem.

Question 3 from Rio

“What makes UnoFarm different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of the token which attracts more Investors towards UnoFarm?”

Uno Farm: Uno differs from competitors starting from the beginning. Point is that we never fork anything, but created protocol from a scratch. It helped us to implement unique architectural and conceptual layers, driven by my partner Roman vision. He combined all his crypto experience since 2011 and designed truly unique features.

I would say the main one is Autostrats.

It’s a 100% transparent whitebox solution that provides automatic switching of liquidity across token pairs, pools, protocols, and even blockchains. The purpose is to find and switch to the yield source with the highest APY.

Therefore, Roman and our engineers solved the problem of APY volatility. When a user is providing liquidity to any yield source he can not predict what APY will be provided by the market tomorrow or in 1 week. He needs to monitor the market and swap his liquidity to a better place manually. Otherwise, the total APY won’t be maximum. This means that users either need to become full-time job professional liquidity providers or underperform badly.

Autostrats are not just providing automated liquidity swaps. They are also swapping some of the tokens internally for higher efficiency. Apart from that:

• Uno is aggregating the best-trusted yield sources and makes reinvests with the most optimal interval in order to catch up with the best APY. A combination of Autostrats and the most optimal reinvest interval leads to an outperformance of 50-200% on average compared with the conventional stake & hold strategy.
• Simplified user interface: no mess with LP tokens, deposits, and withdrawals from the Uno interface to the user’s wallets (EVM and non-EVM compatible simultaneously), single asset entry in any pool/ Autostrats from any token. fiat gateway.
• Analytics of users’ portfolios and expected daily profit disclosure.
• The inheritance mechanism will help to secure users’ liquidity even in case of private keys are lost.

Token utility

• Tier system
• Dao governance
• Affiliate system
• Whitelabel solution
• Fiat gateway
• New token’s pool listings
• Custom auto strategies

Question 4 from DAVID

“Maybe you know the recent #AI trend. There have been a number of yield farming aggregator projects that integrate AI to optimize the profit increase for user deposits such as the @autofarmnetwork project on @BNBCHAIN. Does Uno Farm plan to do the same?”

Uno Farm: Sure, AI is a big trend for the upcoming 5-10 years. And some protocols start to investigate how they can be implemented in DeFi products. Also, I will express my personal opinion on this matter: AI tech will need to go a long way until it can be proven to be used in financial markets with minimum risks.

Nevertheless, we do have ideas about AI implementation in our backlog. Roman was thinking about concentrated liquidity provision in terms of general strategy. There are different strategies, such as simply placing liquidity in the +-10% range, adjusting the range by the volatility factors, making it asymmetric, etc., all of them have different results at different times. All of them are limited by losses on rebalancing and strategy optimization for maximum return and minimization of these losses.

Our concept is for the AI to decide in what range to place liquidity and at what points and how to rebalance. At the same time, it is constantly retrained on fresh data from the market and thus adjusts itself to the current market situation.

Question 5 from Crypto Angel

“Currently, there are many projects that disappear for a few weeks with that why should we choose UNO FARM. At the same time the protection of user privacy has become an issue that many projects face during their development. How will UNO FARM protect its users?”

Uno Farm: Bear market is a harsh time for the majority of projects, but the best time to BUILD something great.
You should choose those protocols that are solving your problems and help you have some intrinsic values. I believe that this kind of protocol would become new unicorns on the next bullish waves.

In terms of security, we conducted internal audits back in the day, but this autumn we conducted a full-blown audit from CertiK, covering 100% of the existing codebase.

All our solutions are transparent: F.e. user can check all the recent liquidity transfers in each individual Autostrat
If you take a look at our Tokenomics (team vesting schedule), you will see that we’re here for the long run.

Uno Farm is DeFi protocol, we do not collect any data from the users, apart from their wallets, and we do not want to change this fact. All additional KYC procedures, f.e. needed for the fiat gateway will be conducted by a trusted 3d party.

Question 6 from More Ocean Sun

“How does the Uno Farm project ensure that its farming practices are economically viable, and what steps are taken to mitigate financial risks?”

Uno Farm: Firstly, we integrate only trusted yield sources and limit pools for the users. All connected yield sources are
carefully chosen by internal scoring, based on the historical track record and smart contract security audits

Also, our team has created a unique reinvest mechanism, and the basic logic for auto-compounding is that we sell farmed tokens into the underlying assets in the pool. The trick is when you sell them.  And our system is calculating in real time what would be the best time to automatically sell farmed tokens according to changing market conditions. We call it the optimal reinvest mechanism, and this feature was implemented around the beginning of 2022.

Financial risks ATM are staying on users – I’m talking about IL mostly. In addition, we have some ideas on how to fight impermanent loss via hedging, therefore, creating some sort of structure products, but it is not yet formed into dev tasks.

Question 7 from Cosmos

“Can you provide an in-depth analysis of the potential long-term benefits of using UNOFarm as a comprehensive DeFi management and investment platform for both novice and experienced users?”

Uno Farm: We’ve started Uno as an internal project for our own staking and farming needs. It was a lack of good tools for these activities. No analytics and automatization, and bad UI&UX led to inefficient manual liquidity management. Therefore, users need to make 7-10 on-chain operations to provide liquidity and make manual reinvestments.

As a professional liquidity provider, you need to always be inside the market, sitting in front of multiple Excel sheets, trying to figure out what you need to do with your positions. Therefore, we decided to make a tool for everybody, novice, and experienced users, leaning towards newbies mostly.

Also, Uno Farm provides simplicity for newcomers (even those not involved in DeFi before) and great customization and tools for professional users. Efficiency will be growing with new yield sources connected. And the more yield sources we connect, the more effectively Autostats will work.

Question 8 from Le Kien

“Could you also tell us if they offer any kind of rewards within this platform?

Uno Farm: All incentives as well as all other aspects of the ecosystem will be controlled by the DAO. The community will decide everything at some point. F.e. whether it should be an airdrop and which users will get it.

But in general, apart from liquidity provision users will have the possibility to earn UNF tokens via different activities such as the ambassador program, referral system, creation of popular autostrats, and of course participation in our marketing campaign with our partners, like Aurora.

Question 9 from Vai

“What is the most ambitious goal of your platform? I would admire it if you could share with us any Upcoming Updates?

Uno Farm: The most ambitious goal. After fiat gateway integration, we see UNO as an alternative to bank deposits, where each user can choose a suitable farming strategy, easily enter DeFi yield opportunities, and forget about everything else. Mass adoption of DeFi to the general audience I would say.

Upcoming Updates. There will implement Avalanche and Trader Joe’s and several other yield sources in February. The Graph decentralized data gathering as well. Also, there is a possibility that inheritance mechanism V1 will see a light in the foreseeable future. Stay tuned for our updates.

Question 10 from Man111

“What marketing strategies do you have planned to increase the validity of your brand?
Are you planning a strategic partnership to level up your project?”

Uno Farm: We still have a long list of potential partnerships to implement. Right now, we focus on our social media involvement and mutual campaigns on Galxe. Our ongoing campaign with Aurora is providing outstanding results.

We have strong marketing support from Cointelegraph, participating in crypto conferences, and plan to create an ambassador program in order to increase brand validity.

Moreover, we are talking with several accelerators at ATMs, including Binance Labs, Axelar, Moonbeam, Innmind, and several others. Additionally, we believe that acceleration with top-tier partners will help us to achieve even more outstanding results.

Conclusion

Aurority: Thank you and the Community for being here today. Don’t forget to join and follow Uno Farm’s telegram. I am sure that the community will be looking forward to Uno Farm’s event in the near future.
We have another event for the community. Follow me to get a chance to receive the reward and explorer the Ecosystem
And thank you to the Aurora DAO for helping Aurority to support projects.
Best regards to all of you, and thank you for your presence.
Goodbye!

You can listen to the Recording of the AMA:

?️Set Reminder Here: https://t.co/ta55v6NPjl

— Aurority (@Aurority_com) January 25, 2023

Contact us:

Uno Farm                 Twitter |  Telegram  | Website  | Discord

Aurority                    Twitter | Telegram  | Website  | Instagram | Facebook

Nearity                       Twitter | Telegram  | Website  | Instagram | Facebook