Sypool Protocol x Sentre AMA Recap
Sypool Protocol x Sentre AMA Recap from the 14th of September
Sypool Protocol
Welcome Eden, from Sentre.
Hello Eden, how’s everything going?
Eden| Sentre
hello everyone
always good
nice to meet you guys
Part 1 — Introduction Questions
Sypool Protocol
great!
Can you give us a brief overview of what Sentre Protocol is all about?
Eden| Sentre
sure
Sentre is a Dapp Store on Solana. Think of it like Apple’s App Store or Google’s Play Store but on Solana blockchain!
Sypool Protocol
App store on the blockchain! Sounds great!
Eden| Sentre
On the App Store or Google Play Store, you must download the App to your device to use. But on Sen Store, you only have to install and use them directly on our website. You can use various different Dapps on a single UI!
Done
Yeah, many people love this concept
Sypool Protocol
cool!
What is special about Sen Store?
Eden| Sentre
There are 2 things special about Sen Store
1. All-in-One Experience
There are many Dapps in different categories on Sen Store (Defi, Game, DAO, Utility, NFT…). You only need to connect your wallet one time to experience all of them!
2. Decentralized Store
- Customize UI to your interest: Sen Store allows you to customize the platform’s UI to reflect your interests better. For example, you can choose between the light or dark theme and rearrange your DApps in order of your hobby.
- Users can review and vote to list their favorite DApp: Sentre compiles a list of the best DApps available on Sen Store, making it easy to find and install. You only need to vote for your favorite dApps, and Sentre team will take care of the rest.
Done
Sypool Protocol
very special!
How many Dapps are on Sen Store now? And who are they?
Eden| Sentre
haha, let’s me count
it changes every day
there are 24 now
and here are some of them
Sypool is also in there
Sypool Protocol
Looks like you have covered defi, gamefi, socialfi and DAO
Eden| Sentre
yeah, this is the mission of a Dapp store
cover everything users need on Solana
Sypool Protocol
coool!
The next question is about the token
What are the utilities of Sentre Token, ‘SNTR’?
Eden| Sentre
There are 2 main utilities of SNTR:
1. Mint new tokens of DApps on Sentre: Some DApps on Sen Store will launch their own token, and SNTR holders will get airdrops
2. Revenue sharing: There are 2 main revenue sources — from protocol fee of our AMM (Sen Swap & Balansol), and from platform fee (0,0005 SOL/tx on Sen Hub)
Sypool Protocol
got it!
the last question of segment 1
Are there any activities on Sentre for users now?
Eden| Sentre
yes, many activities now
You can join the competition that we host with our partners like Zeta, Meanfi Trading Competition,…
or join in the airdrop activity on our Twitter
Sypool Protocol
Sounds interesting.
Eden| Sentre
But you never want to miss this one, very interesting
We just released a new product called Lucky Wheel. To spin the wheel and win yourself a DeGod or Okay Bear, you only have to purchase any NFT on Any Arts! Other prizes include USDC, SNTR, and more tickets for you to try your luck!
Any Arts is an app that allows you to buy NFTs on Magic Eden in either SOL or stablecoin. You will get 1 ticket per transaction on Any Arts.
Now, to spread the luck, I’ll give you guys some tickets to experience the Lucky Wheel on Sen Store!
Sypool Protocol
that’s really cool! I’m looking forward to the lucky wheel!
Eden| Sentre
yeah, you can read more here: https://twitter.com/SentreProtocol/status/1569321745164943361
Sypool Protocol
got it!
Eden| Sentre
haha
that’s how it looks
Sypool Protocol
wow, interesting
I think everyone will like it
Part 2 — Questions from the Community
Sypool Protocol
then let’s move to segment two.
We have selected 5 questions from our community.
Eden| Sentre
yes, I’m ready
Sypool Protocol
great!
Q1 from @LaMertrans1
This is a more complicated question haha
What is the long-term sustainable value? And what are the most important and immediate goals in 2022? If you had a list of the top three key performance metrics, what would they be? It seems that a lot of projects are gone and failed to deliver on their promises. How will your project avoid the same fate? How can we be confident that your project won’t disappear a year from now? What are the greatest challenges your team is finding at the moment? What do you consider as your biggest obstacle to long-term success and how are you trying to overcome it?
Eden| Sentre
The long-term value of Sentre is to become the best Dapp Store on Solana to provide everything users need on Solana
There are 2 main goals for 2022:
1. Expand the ecosystem: we focus on listing many apps on Solana on Sen Store (the KPI is 30)
2. Gain more users: Our strategy is to gain users through our Dapps and the Dapp of our Partners
and the best thing we can do is provide the real solution for users
and bring them the real value
not the things other people promise but they can’t do
Done
Sypool Protocol
very detailed answer!
Q2 from @BettiLapender
According to what I’ve read, Sentre uses the concept of Asymmetric Deposit. What exactly is this concept? What is the procedure?
Eden| Sentre
It’s a feature that allows you can deposit ịn a dual pool with just 1 kind of token
For example: to deposit 1000$ into a pool SOL-USDC, you must have 500$ in SOL and 500$ USDC. But, with Asymmetric Deposit
you only need 1000$ in SOL or 1000$ USDC to do that
Done
Sypool Protocol
awesome!
Q3 from @bitshrimal
Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial in the long term and what is your plan to increase the demand and scarcity of the token?
Eden| Sentre
sorry guys just got a problem with my connection
There are 2 things that we ensure the benefit for long-term holder
Sypool Protocol
no worries!
Eden| Sentre
About the concept, every ecosystem always needs an App Store (IOS has App Store, Android has Play Store)
and Solana has Sen Store, we’re the first and the only one now
Sen Store scale very fast, there are 25 Dapps on Sen Store in 9 months
We have a sustainable profit model
the platform fee and DApps fee
to increase the demand and scarcity of the token
we plan to scale our ecosystem fast
and SNTR will have more utility and bring more benefit to users
DOne
Sypool Protocol
awesome! I believe you have a great future!
Q4 from @jaanu2512
Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
Eden| Sentre
all of our codes follow strictly Solana standard
so you don’t need to worry
we’re also the Partners of Solana Foundation
and we host Solana Web3 Coding in Vietnam as the Techincal Partners of Solana
very confident in our DEV team
Done
Sypool Protocol
Gotcha!
the last question of segment 2
Q5 from @xzh1998
Backers, partners, and advisors are very important factors affecting the reputation and success of any project. Can you name who are the most influential partners on sentre so far? What plans do you have to expand the partnership in the upcoming time?
Eden| Sentre
All Dapps on Sen Store are our partners
besides, we also have some other partners like Solana Foundation, Serum, Gate.io, Coin98…
Sypool Protocol
cool! You have many partners!
Eden| Sentre
Can’t say who is the most
But some key partners of us are Solana Foundation, Serum, Coin98, Sypool
Sypool Protocol
They are all good partners haha
Eden| Sentre
The plan for expanding the partnership is integrated with Sen Store
We have them to exposure more users, and they help us expand the ecosystem
DOne
Sypool Protocol
great! and could you share some important links to Sentre?
Eden| Sentre
Important Link:
1. Discord: https://discord.gg/UepxR6YdMw
2. Twitter: https://twitter.com/SentreProtocol
3. Telegram: t.me/Sentre (https://t.co/szevsoFHuT)
here you are
Sypool Protocol
got it! Thanks for sharing!
great ama, thanks Eden
Eden| Sentre
thank you
great ama
👉About Sypool
Sypool is a synthetic asset management protocol built by the professional quantitative trading team.
This is another innovation that we have migrated finance from off-chain to on-chain. This idea was inspired by both off-chain fund companies and packaged asset derivatives. On the one hand, we tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing scarce liquidity for the cryptocurrency market.
Therefore, you can consider it as a fund share, or you can consider it as a mirrored token pool asset, or your own portfolio, as well as other new uses that may appear in the future.
