Gil Shpirman, CEO of Don-key.finance, dropped by to talk to ☆CryptoGirlfriend☆ about the exciting stuff they have been working on and to take some questions from the community. To celebrate the AMA, five members from our community who took part in the question-and-answer segment at the end were selected to win a share of prizes worth $200!
If you would like more information about The Monkey Firm, please visit their website at https://don-key.finance/ and their Telegram at https://t.me/don_key_finance.
Don-key Finance Interview
☆CryptoGirlfriend☆: I want to welcome @The_donkey_man from Don-Key.Finance. He will be here to answer questions for us today about their project. I will be muting the chat during the AMA while the interview is being conducted. Once I am done with my round of questions, I will open up the chat for a few mins for everyone to ask their questions. Don-Key will then select the top 5 questions to answer. The first 5 questions answer will win $40 each. ($200 total)
Why don’t we start out with you introducing yourself @The_donkey_man and giving us a brief overview of your project.
G: My name is Gil Shpirman CEO of Don-key.finance
We are building the first social trading platform yield farming, connecting retails investors with professional yield farmers. adding gamification and levels to the platform. building an eToro for yield farming
We launched TGE on May14th on the superfarm ( superstarter) IDO platform and had a great success (almost 10x)
some of our backers are: VC’s Black Edge Capital, AU21. Genesis Block Ventures, Spark Digital, Solidity Ventures, MoonWhale, and Morningstar Ventures.
☆CryptoGirlfriend☆: Can you explain a little more what a social trading platform is? I also saw mention of copy farming on your website. Can you tell us about that as well?
G: Anyone who has experienced yield farming understands the complexity and time-consuming actions it requires. Don-key is bringing the simplicity of ‘copy trading’ to the complex world of DeFi – Yield Farming. An “eToro for yield farming” allowing professional farmers build profile’s and change active strategies on the go and investors can simply “one click” follow and be exposed to the best APY in the market compared to there risk appetite.
☆CryptoGirlfriend☆: I love yield farming, this is something that is very intriguing to me
G: Putting the light on gamification tiers for unlocking new levels of farming and more is where the social aspect comes to life.
☆CryptoGirlfriend☆: I’m sure some people would love to follow the strategies of others, while they are learning for themselves.
Can you explain to us how to use your platform?
G: For investors the platform is a “one click” use – Enter the DAPP – connect your wallet – choose the farmer you want to follow and click “invest”. After that Don-key will pool your transaction with others to minimize the gas fees, slippage and other fees and allow the investor to be expose to the latest farming strategy out there. A really cool feature we have now is swapping the strategies under the pools – so if you are following a farmer and the APY drops we will automatedly swap the strategy to a higher and more updated APY
☆CryptoGirlfriend☆: So it sounds like you are making it very simple for investors to use. If you are depositing and following a farmer that is invested in multiple farms, does it also spread out your investment over multiple farms?
G: Yes. For the investor it is a “one click”
for example
☆CryptoGirlfriend☆: This is really cool, I appreciate the visuals. 🙂
G: this is a new strategy with 5 different farms – but for DON investors 1 click gets them exposer to latest AVAX strategy out there ( in this case also high risk with high AP)
☆CryptoGirlfriend☆: So what does a farmer need to do to get setup on your site as one others will follow their strategies?
G: As a farmer at the moment we are still on- boarding manually – so you would go to our website and fill out the e form, then we will contact you.
You can also engage us on our TG group and someone will get back to : https://t.me/don_key_finance
☆CryptoGirlfriend☆: I might try using your site and follow a farmer to see how it goes. 🙂
Can you tell us about how innovative Don-Key.finance is?
G: The ability to follow passively a professional yield farmer brakes down the barrier and opens yield farming to whole new communities and people. We are building a whole social network based on yield farming and new staking opportunities. This has never been done before. Putting the light on gamification tiers for unlocking new levels of farming.
☆CryptoGirlfriend☆: I have never heard of this before and I follow a lot of yield farming projects!
Tell me about the farmers no loss lottery.
G: The farmers no loss lottery is an option for investors to gamble their yield without the initial deposit, so basically every month we will roll out a winner who will take all the yield of a certain pool. This can amount to massive gains at zero risk of initial investment
☆CryptoGirlfriend☆: I think those kind of lotteries are starting to be more popular. It is great to not be risking your money but still have a chance to win.
NFTs seems to be all the craze lately. Do you have any plans to integrate NFTs?
G: NFT is very interesting for us but in a utility aspect – so we would be looking at a way to integrate NFT’s with the collateral of the investment and yield as well building a tradable LP token in the form of rare NFT’s that can be collected and traded as one. Also we are building our whole eco-system based on tiers so we can integrate the NFT as a trophy for higher tiers that give access to VIP farmers etc
☆CryptoGirlfriend☆: Oh that would be great. People love those NFTs and anyway they can win some!
What is Don-key’s referral system?
G: In the next few weeks we will be integrating our tier based referral program, to allow real users to generate a link that gets them gains as more people click – invest –and profit. The way it works is simple the higher tier you are the more commission you get from the profit of the users you brought – we are giving away up to 20% of the profit VIA $DON tokens to the highest tier.
☆CryptoGirlfriend☆: Built in organic marketing system. 🙂
Are you able to stake on Don-Key?
G: While base profits are given in the farmed coin, whether it be USDC, CAKE, MATIC or whatever else the investor decides to deposit in, additional rewards will be given in DON according to the tier system we have put in place For example, by holding 50,000 DON an investor stands to get 100% more in farming profits
☆CryptoGirlfriend☆: How many different chains/networks does Don-Key currently have strategies on?
G: currently we support 3 chains : BSC, AVAX, MATIC
soon SOL is comming !
☆CryptoGirlfriend☆: Amazing! So people can get involved in many chains all in one place.
Before we open up the chat for questions from the audience, is there anything else you would like to share with us today?
G: lets here the audience
☆CryptoGirlfriend☆: I am going to unmute the channel. Please add in a donkey or animal emoji to your question for extra points. After awhile I will mute the channel again and @The_donkey_man will select 5 questions to answer. The top 5 each win $40!. Here we go!
Community Questions
Community Question #1
KINGKONG🐊🐊: I would like to know about the usecase of Your tokens ?can I do staking and earn a passive income?
G: While base profits are given in the farmed coin, whether it be USDC, CAKE, MATIC or whatever else the investor decides to deposit in, additional rewards will be given in DON according to the tier system we have put in place For example, by holding 50,000 DON an investor stands to get 100% more in farming profits
Community Question #2
Khaby lame: Many blockchain projects are on paper only and don’t have any product or have a product with no practical use case. Please let us know what is Coin ‘s current practical product in use? What are your plans for the product to be better in the future?
G: WE launched the DAPP – have real users and making yield for our users from day 1
Community Question #3
David Maxwell: How does project increase the token’s value, liquidity and utility? So that it can lead to an increase in token prices? What is your plan to make your project stable and provide the highest return for investors in the long term?🐴
G: we create real utility – using the tiers system makin it a must to make “copy farming” part of the game
Community Question #4
MICKEY 🐭: Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?
G: We will integrate with new partners all the time to open staking pools so we can give them utility and us liquidity
Community Question #5
LARA ZONES: What are the unique problem solved by your project where there is already lots of competitors in the market ?can you share your long term visions ?
G: long term vison – being the “eToro of yield farming” – solving the problem that many people don’t know how or don’t have the time to full time yield farm !
☆CryptoGirlfriend☆: Thank you @The_donkey_man for being here today for the AMA. Can you please share your links so everyone can continue asking questions in your groups?
G: thank you for having me!
➡️ Website
➡️ Telegram Group
➡️ Telegram ANN
➡️ Twitter
➡️ Medium
➡️ Lite Paper