Evolutionary Yield-Farming and Optimization utilising R-Adapative to maintain industry leading yields
Andrew:
Hi everyone and welcome to the Retro World AMA!
Thank you for joining us today Retro World Team 🤩
Dr Kong:
Thank you for having us all
Andrew:
You ready to start?
Elite Four Lance:
Ready ✅
Andrew:
Great!
Dr Kong :
Yes we are ready to start ✅
Andrew:
1. Can you tell me a little about your background, how you came to start Retro World and tell me about your love of video games that led to the wonderful theme we have here today?
Elite Four Lance:
Great
My personal background is in design tech, I have previously worked on smaller projects in crypto as a third party designer and always wanted to push my own ideas forward. The idea for Retro World stemmed from both mine and @DrKong passion for retro gaming
We wanted a platform that can connect the community in a deeper way than just rewards and markets.
We all get that nostalgic feeling when we talk about Retro Games, and we can agree we are instantly thrown back to times in our past when things were much simpler, hence the idea for Retro World and us wanting to bring it to modern day crypto
Dr Kong :
The legacy infrastructure of tradition yield farms ported from pancakeswap and uniswap did not push the boundaries of what is Capable in terms of front end UI/UX – so after numerous iterations and a complete rebuild we developed what you see today
Andrew:
I see, so you wanted to bring that sort of nostalgia or sentimental feeling to your platform that your users can create a genuine connection to?
Elite Four Lance:
We believe it is imperative to tackle real world issues and understand that life goes on outside of the crypto world.
An issue that is very much apparent which myself and @DrKong both found important is the feeling of isolation, loneliness and this leading to depression. As young males we know the pressure of speaking out about such topics and also found it very hard with the COVID climate causing us to lose a lot, if not all of our social lives.
In the development of Retro World, we thought, what could bring the community closer together ? Sometimes rewards and tokens can feel very empty, especially when Elon puts out a tweet and the markets fall.
Andrew:
That is an amazing concept
Elite Four Lance:
Like we said earlier we are both passionate gamers, but reminisced on better times when gaming was simpler and stripped to pure tenacity and skill. Retro gaming brings the people together and sparks conversations. What were you doing when you first played Mario Kart ? Who was your favourite street fighter character ?
At Retro World we want to being this feeling back and this is why we have built the Retro Gaming League. The community can face of for high scores each week on our platform, this will create a spirit that just cannot be matched by watching individual rewards compile in our pools.
Andrew:
Yeah I mean when i first took a look at your site I got real excited to see what kind of features you would add as well haha
2.Can you tell us more about your team?
Dr Kong
Yes our team is extremely diverse with experts in solidity, nodejs and web3.0 to name a few code languages , digital marketing, social outreach , community moderation
myself personally
I majored in Economics and specialised in blockchain engineering afterwards to provide myself with a holistic knowledge base in terms of bridging the gap between DeFI and CeFi
Dr Kong :
We understand that the crux of the issue we face in cryptocurrency is the bridge between adoption and accessibility alongside real world utility
Hence all aspects of the RetroWorld ecosystem strive to tackle these fundamental issues since our genesis development and planning period
Andrew:
Ah I see so a solid team you guys have put together there
Is there anything specific for the anonymity of showing your identities?
And also will RetroWorld be able to provide users with real world utility?
Dr Kong :
Well we know that in terms of decentralised finance the key element of any platform or ecosystem is formulated by two key elements
1. The technology
2. The integrity of security
By providing industry leading and innovative technology and continual releases that bush the boundaries of what is possible on-chain we believe we can create an ecosystem that allows for our users to earn, learn and interact in a decentralised manner.
Layered onto this is our continual dedication to security with continual Audits , our first of which was passed with flying colours from TechRate
The second of which will be with Certik to ensure that external risk is mitigated
We believe by carrying out these steps and providing the most secure and innovative decentralised toolbox the presence of a doxxed team holds little bearing
We have seen already during this current market cycle that the process of doxxing or anonymity makes invariable different but we are open to doing so if our community desire it
Andrew:
Glad to see you guys are taking security very seriously
To talk more about your project however…
3. What is Retro World and what does it offer to the BSC ecosystem?
Dr Kong:
The whole ecosystem is centralised around bridging real world issues within tradition finance and allow them to be met seamlessly within our ecosystem
For example, the ability to provide liquidity as a traditional market maker is met in a decentralised manner via our farming platform , allowing users to provide liquidity for provided pairs and receive fees in a manner akin to leading financial brokers
Retro World is a multifaceted DeFi ecosystem offering a complete suite of tools to enable users to operate in a manner symbolic of DeFi
1. Yield Optimisation (R-Vaults)
2. DEX (the instant swap of tokens)
3. Farming (LP token contribution for block rewards)
4. Staking
5. Multi-chain bridging (BSC to ETH, to SOL and many more in the future)
6. NFT’s
Our core goal is to ensure that we become the front runner in blue chip tools and maintain the social and human aspect which should never be forgotten
Andrew:
Thank you for your answer!
And wow your Retro has a ton of features
Yes I am sure that this social and human aspect that RetroWorld is bringing will ensure that the community sticks around because a lot of projects today do not offer the same connection as you guys do
Dr Kong:
Yes this is one of our core values , our aim is to build a community armed with the best technology that can all strive towards success and improvement of knowledge
Our back-end development team work tirelessly to ensure our release schedule and available technology is at the pinnacle of what is possible on-chain
Andrew:
4. I noticed you have two tokens, $RETRO and $GLD, what is the need for this dual token model?
Dr Kong:
The purpose of the dual tokens is to address an ever present systemic issue present in the majority of AMM’s available in today’s ecosystem
For example pancakeswap – there is a constant systemic failure due to supply side dilution of their native token CAKE , this makes it inherently hard to maintain value accrual and reward attractiveness (APY/APR’s)
So during our planning phase we spent extensive time running test models to mitigate this systemic issue
The first of which was to separate our flagship lead token Retro – which has DAO , staking and value accrual propositions from the dilution risk
We built it to have a fixed supply of 85,000 tokens and no block emission schedule .
No Retro will ever reach circulation again after the deployment date. However , the lead token can still be utilised within the platform to earn our farming token GOLD
GOLD itself is one of the most unique farming tokens available because of our R-Adaptive smart routing technology
R-Adaptive is built into our lead masterchef contract and interacts with our farming contract GOLD regularly to measure 2 factors ;
1. The circulating supply of GOLD (economic concern)
2. The block emission rate (directly effects the economic schedule and reward attractiveness)
It then automatically adjusts the block emission rate for a given period to ensure that the supply of GOLD does not inflate
Whilst maintaining the reward attractiveness in periods that for example ecosystem activity is low by increasing the emission schedule and boosting the APY.
In this way we ensure a consistent and constant reward attractiveness and negate the opportunity cost of capital flight to other farms that may have more attractive rewards
Thus ensuring that we maintain our community growth and interest in comparison to other ecosystems
Andrew:
Yeah so I mean you hit every nail on the head there haha
Plus we all love lower emission rates am I right
So this is all great, but say for those here (which should be all) that are very excited about RetroWorld…
5. What are some ways users of your platform can start earning your tokens today?
Dr Kong:
Yes we hope everyone is as excited as us for the complete launch of the ecosystem !
Well we are currently operating our private round offering for our lead native token Retro at :
presale.retroworld.io
This will give interested participants an early opportunity to get their hands on our flagship token and begin staking and farming activities as soon as we activate the platform
Also, a very important element of our ecosystem is coming at the end of this month – our R-Vaults
They will allow users to deposit LP tokens of their favourite tokens I.e. CAKE or BUNNY in our vault to earn up to a 3x multiplier on their current yields using R-Adaptive smart enhancements
Allowing for Cake lovers to get more Cake and Bunny Lovers more bunny
We will be adding multiple vaults throughout our lifecycle to keep people earning and engaged
Elite Four Lance:
We also have the Retro Gaming league initiating in the coming weeks where rewards of our native token RETRO and other prizes will be up for grabs.
Users can tweak their skills now in the Arcade ready for the big launch, as rewards will be available weekly
Andrew:
Wow so users should definitely get their hands on some RETRO right now
But touching on the gaming league you just mentioned
6. Can you tell us more about the gaming feature you have on Retro World and how NFTs
come into play?
Elite Four Lance:
Yes of course
The Retro World Gaming League will be a weekly competition where members can compete in a variety of integrated Retro Games in our arcade for Rewards
So far we have integrated 2 classic games in our arcade but we are on the verge of releasing a further 2.
So how do we decide what games will be fit for the Retro World Arcade ?
We leave this choice to our community and have provided polls to see what the favourites are amongst the members. We will be having a gaming test period of 72hours to ensure that games run smooth and are compatible for all
Here is an example of our last poll
As you can see, the Retro World community can expect Super Mario and Donkey Kong to launch very soon in the Arcade
Andrew:
Gotcha
Elite Four Lance:
Our NFTs can be found in the gallery section of our platform and we understand the importance of immortalising classic images on the block chain.
We will be offering a selection of 2D and 3D NFTs as prizes for exceptional scores in the Retro World Gaming League.
Further information will be released in the Retro World Gaming League manual on our medium
Andrew:
7. What other games did you plan on implementing in the future? Would it be just those that are in the poll or are there some games that were not mentioned in the poll that you have in the back of your mind
Elite Four Lance:
We have a wide plethora of compatible games but to maintain sustainability of the Arcade we will not be releasing all at once. I guess no gaming industry does release all their ideas at once do they 😂
But you can expect the classic 8bit and HTML style games. From street fighter to sonic and Mario Kart to Zelda.
There will be no games post dating the year 2002, Retro Only in the Retro World
Andrew:
As it should!
8. What are your initial launch farms? When should users expect these farms to open and how can users benefit from participating in these?
Dr Kong:
Our initial farms and staking options will be :
Retro-BNB
Retro-BUSD
Gold-BNB
Gold-BUSD (all with boosted APY’s and reward multipliers, 0 deposit fees ! And minimal withdrawal fees 0.5 % 1/5 th of our competitors )
Staking:
Retro
Gold
Vaults:
Cake
Bunny (boosted APY’s earn more CAKE and BUNNY by committing LP) minus a performance fee (20% on profits – lowest of any vault)
Andrew:
Great and when should users expect these farms to roll out?
Dr Kong:
Our farms and staking options will be out as soon as the presale is complete so within the next week or so
The vaults however may be released around the 24th after our audit with Certik
Andrew:
Really soon then!
How were you able to implement a 0% deposit fee?
Dr Kong:
This is one of the smart features of our R-Adaptive masterchef contract that bootstraps the LP committed via our lead contract allowing us to vary or remove deposit fees , time-lock periods or withdrawal penalties dependant on the desired outcome
Andrew:
Understood, so great news for users!
9. I saw that there is mention of a migrator code, can you explain what that is and why the
removal was important?
Dr Kong
Yes, the migrator code is a legacy feature present in Pancakeswap that was ported from their Ethereum chain fork
It provides a huge systemic risk to users and allows the developer wallet to migrate all locked funds in the protocol at any given point in time.
Hence it was essential to have a platform that does not have this feature to provide the utmost security integrity for our users and to that end we have removed it from our platform
Andrew:
Of course, would this have affected the audit?
Dr Kong:
Yes and it may have flagged up as a high severity security risk
Andrew:
Very important to have taken it out then
10. What is the gallery?
Elite Four Lance:
The gallery as the name states is the home of our Retro World artwork, namely NFTs.
We have been working closely with industry leading designers and artists, some of which I personally studied with to immortalise some of the most nostalgic images in Retro Gaming forever on the block chain.
Our first range of 2D and 3D NFTs will be in our N64 Collection and you can only guess what types of fun characters you will be seeing there.
As stated earlier the gallery will put forward NFT rewards for the Retro Gaming League.
Sorry for the delay I had Vitalik Buterin on the line 😂
Andrew:
okay thank you for you question and last but not least
Haha all good, that is an important phone call
11. Are there any new and exciting updates you want to share with us today?
Elite Four Lance:
Yes, so our R-Vaults are tentatively scheduled for released on the 24th and this will transform our ecosystem to directly compete with beefy finance and pancake swap
Dr Kong:
We will also be completing our full ecosystem audit, adding many more pools and staking options alongside the commence of our gaming league
Andrew:
Great! So thank you for answering those questions
Thank you for joining us today and congratulations on all that you and your team have accomplished so far
Looking forward to seeing how your project develops, and also thank you to everyone watching ! Have a great day 😁🚀This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
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