Wir hatten die Ehre, zusammen mit dem Gründer von KingDeFi.io über sein Projekt zu sprechen.
KingDeFi ist der erste AI Multi Chain Yield Aggregator mit Integration zu BSC, Solana, Ethereum, Polygon, Avalanche, Celo und dem Huobi Ecosystem. Darüber hinaus bietet KingDeFi ein fortschrittliches Analyse-Dashboard, um das TVL-Wachstum zu überwachen, die On-Chain-Ratio-Analyse anzuwenden, neu gelistete Projekte zu identifizieren und die historische Performance zu überprüfen.
Wir hatten das Vergnügen, mit dem CEO und Founder von KingDeFi, King Arthur, über das Projekt zu sprechen und unsere Fragen zu stellen.
Den Mitglieder unseres privaten Discord Channels wurde KingDeFi bereits im Juli 2021 bekanntgegeben. Mit jährlichen Renditen von über 200%, einem professionellen Team und hohen Ambitionen, gehört $KRW unserer Ansicht nach in jedes Portfolio. Viel Spass beim Interview.
King Arthur: My journey into blockchain and cryptocurrencies started in 2016. I'd been working in investment and had already had two tech start-ups in the past, so it was natural for me to completely fall in love with the potential of this new technology.
I've worked as a consultant for various DApps and been part of the Cryptovalley Association in Zug for several years. Then last year I decided that DeFi was the right market to build something on my own and leverage the relationships and knowledge that I've accumulated over the past five years.
King Arthur: This is crypto space, and people love themed projects. We thought KingDeFi was a powerful name, and then from king to knights, and then into the medieval theme.
King Arthur: As I mentioned, I discovered cryptocurrencies in 2016, so not super early but early enough. My background is mainly in investment banking. I've been developing TA algorithmic strategies for several years and have made a fairly decent profit.
Naturally, part of those profits have been allocated to KingDeFi, and we've collected around 1 million in IDO, which is currently allocated to run the project for some years.
King Arthur: Yes, we're very close to some important players in Zug. The CEOs of some Zug-based companies have been in contact with me in the past, some have now even switched from banking to crypto firms. Naturally, I can't name any names for privacy reasons, but we meet on a weekly basis. The next step for KingDeFi is to become a more institutionalized and regulated business, starting next year.
King Arthur: There are some fundamental competitive advantages that we're going to leverage as soon as the market stabilizes:
King Arthur: Each milestone is key, as in my vision they are all connected: bridge brings expansions to other chains, so more partnerships, and it helps inflation management, spreading our circulating supply to seven chains; farms bring new investors; mobile apps improve user experience, etc. I try to always keep a holistic vision of the project, ensuring that each milestone fits in with next year's plan.
King Arthur: It's very simple. As of right now, we've delivered on our milestones every time, even adding more to the roadmap over time. This is one of our biggest strengths so far.
King Arthur: So, at the moment we're a DeFi project, but we have very strong relationships in Zug, and we'd like to keep the DeFi technology background and provide access to more institutionalized investors in the coming years. We're currently starting a POC analysis with PWC Zurich to understand how to sort out the KYC part and leverage institutional access to our platform, which is a similar model to Swissborg.
King Arthur: I usually write bi-weekly updates on our inflation management views:
King Arthur: TVL is the worst measure for evaluating the quality of a project, but unfortunately for most people new to DeFi it's still used as a misleading metric.
We only issue native farms, meaning there is always a KRW in the LP when the farm is rewarding in KRW. In this way, investors are forced to stake KRW in order to be rewarded in KRW: TVL/MC ratio is then set at a target of 1:1, and inflation is managed better.
If a project has high TVL from non-native farms, the project is extremely dangerous. It means they're minting their native tokens out of non-native LP pairs.
King Arthur: These are normal conditions in crypto. It’s a cyclical market where some big regulatory frameworks need to adapt to this new technology.
What I see as a big difference, with respect to the previous 2017 cycle, is that a lot of engineers and CEOs accumulated enough budget to run projects for the next 3-4 years, so the financial barrier (which is one of the most important) is now sorted out.
At KingDeFi we're planning to do the same. We've accumulated reserves to keep up development for the next 2-3 years. Plus, investing this money in the project generates goodwill, which can be targeted by some VCs in case the bear market takes longer to recover.
As I mentioned at the beginning of this interview, we're not an amateur team, I've been working at investment banks for 10+ years.
Finding capital and partners to keep running the project is the least of our concerns.
King Arthur: Definitely Solana. I love the fact that it's written in Rust, which makes it quite unique and in certain aspects safer, and also the potential behind their infrastructure is great. If they find a good way to decentralize their node control and avoid recent issues going forward, it will probably be one of the most successful chains of the future.
I'm still completely in love with ETH. ConsenSys is a great company and I always prefer ecosystems and foundations that have a strong business partner behind research teams.
You can invent the most beautiful piece of technology in the world, but if nobody uses it or sells it in real life, it’s worthless.
King Arthur: Crypto.com is one of the projects that I admire the most. They're really helping crypto adoption. They have a real use case and continue to facilitate crypto access to people on a global level.
King Arthur: Yes. As you've seen, we've developed a new model of continuous contract interaction compounding:
This is a very innovative way of compounding, as the more time you compound, the more you perform. So, we've started developing a smart contract that, like Beefy, allows our users to stake LPs other than KRW, and get rewarded in other tokens.
For example, you can stake BNB-BUSD and earn CAKE but at a higher APR due to this compounding model that will overperform Beefy vaults, and also a PCS manual one, which doesn't have a continuous compounding model integrated.
We'll also charge lower fees than these competitors, and a portion of the performance that we'll generate due to this innovation will go towards automatic KROWN buyback.
Long story short:
Wir sind weiterhin extrem gespannt, was KingDeFi in Zukunft entwickeln und auf den Markt bringen wird.