Excerpts from the AMA session of PlolyCat Finance and Cafeswap Finance

Daniel Christopher
7 min readOct 30, 2021

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Jonathan:
Hi everyone!!

Breve | CafeSwap ☕:
First of all Thanks for Inviting us here. Its a great Place to have a session.

UnholyWarcry :
No problem! Glad you could make it, always great to expand the Polygon family.

Breve | CafeSwap ☕:
I am a Breve, CEO and BD of CAfeswap Finance.
I am Business Manager from the Nature and i have been into Crypto since last 4 years.
Breve-CEO (Runs the majority of the day to day and leads communication of the team.
Cafe Caffeine- CMO (Helps with business development and marketing of the group)
Cafe Chef -Team Lead (Heads all the company and makes the key pivotal decisions of the group)
Cafe Mocha- Frontend Engineer (Core of the group in coding and front-end development)
xCryptoTurnip- Partnership Manager (Manages all the Partnership and its related stuff)
Jonathan- Head of Communications (Helps bridge with communication in major platforms and plans for user growth)

@UnholyWarcry lets Move to next question

UnholyWarcry :
Sounds like a big family! It’s always good to have a large team, everyone can play their part in the growth of the project :)

I wish I kept my early crypto investments! I only started again this year haha, I'm sure you have great understanding when launching your project about the whole universe!

Can you explain to those maybe finding out for the first time what your project is about?

Breve | CafeSwap ☕:
Yeah the bigger the team the more experienced people we surround by.
And yes when we launched our project it was well planned.

Jonathan:
Appreciate the question and for you having us. At CafeSwap we provide a wide range of low inflation farming and staking pools with the best APY’s in the ecosystem. Our competitive advantage is the number of farms that we have with staking pools partnering with different ecosystems. We’re the all-in shop in house platform for DeFi.
For those who don’t know us. We at CafeSwap provide a wide range of low inflation farming and staking pools with the best APY’s in the ecosystem. Our competitive advantage is the number of farms that we have with staking pools partnering with different ecosystems. We’re the all one shop in house platform for DeFi.

UnholyWarcry :
Yes I saw you over on bsc! I’m sure you saw me lurking in the chats before coming to polygon. I think it’s a great idea as all-in one is also what we strive for!

Speaking of polygon, what made you choose Polygon as the network to deploy on as the next chain?

Jonathan:
I was lurking too as well and a holder before I joined the team. You guys are doing great and love your guys ecosystem.

The reason we chose Polygon was because of polygon’s interoperability allows us to eventually scale more of our products onto the ecosystem and grow. The lowest transaction fees in the ecosystem along with the fastest transaction speeds with better throughput. Polygon is really expanding its infrastructure and a lot of platforms that are being built on top of Polygon. This is making it a real nice hub and the fact that we’re early it will solidify us as a major player on this platform. Polygon is making a push into NFTs this will be good for us in the future as our team is executing into this space

UnholyWarcry :
Isn’t polygon a great place to be! Even while growing massively it’s still only 2-4c a transaction 🙀

Do you have any current audits for your project or plan to receive audits?

Jonathan:
Super low transaction fees and quick transaction speed.

We had an audit earlier this month by Obelisk for our Farming Audits as well as a Dex atudit that was by Hashex. Our team got Farming audits on our BSC side by certik that can be found on our docs portion of our website that everyone can view at their leisure. We plan on getting more audits to stay up to date and keep our investors and community safe.

UnholyWarcry :
Multiple audits are always important indeed! What is your position on KYC and audits?

Breve | CafeSwap ☕:
In DeFi people are concerned about this always.
KYC and audits have its importance in the system. We also believe as well can take away from the decentralization aspect when it comes to this ecosystem. Our team believes in protecting our community but also wants them to be in expression of their rights towards decentralization. As you can see we believe in the stance that there is a balance between the two.

UnholyWarcry :
What fees are associated with the projects features?

Breve | CafeSwap ☕:
There are harvesting fees which goes to devs and is mostly used for paying our staffs and used for Marketing. We reinvest into our project, because we are passionate about CafeSwap. There is a belief among us that want CafeSwap to be one of the best DEX’s in the market. We have a solid team and are expanding our reach into further development and hiring more roles for business development. Reinvesting into our project is important as it fuels growth and marketing efforts to gain reach and value.

UnholyWarcry :
Indeed it does, reinvesting is very important for a project and ecosystem to grow!

How does your project differentiate among others out there on Polygon?

Jonathan:
Thanks for the question. I think we differentiate ourselves since we believe we have one of the best APY’s on our products in the ecosystem. Our team wants to be an all one stop for DeFi on Polygon. As we forge more relationships and partnerships in the Polygon ecosystem, we see ourselves expanding into this system of being the all in one stop for DeFi on this platform.

UnholyWarcry :
Sounds great!

What resources can users utilise to find out more about your project and DYOR?

Jonathan:
Everyone can find out more about CafeSwap:White Paper
There you can find our Roadmap. What is MOCHA, pBREW, and BREW.
Telegram |Twitter |Website|Discord |Reddit

UnholyWarcry :
Thanks for that! I will now ask the winning questions from twitter!

@goust2315 from twitter asks:
"Do Token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?"

Breve | CafeSwap ☕:
This seems an interesting one.
Well we have our own Governance system, and people can vote on the Governance decisions and it weighs their power based on the holding of BREW token.
Everyone who is a Holder can Participate in Governance system Voting.
They can Vote on Core as well as Community decisions of the Cafeswap.

UnholyWarcry :
@RJM_500 from twitter asks:
"Several projects have included products such as "Portfolio Monitoring". Does CafeSwap have similar products in mind? With Info page, Trading options (Stop loss, etc..)"

Jonathan:
Our team has a roadmap to come up with different projects in the future. We already currently have a Portfolio monitoring feature on our platform. You can find this feature: https://polygon.cafeswap.finance/portfolio here. In regards to other products we’ve got buyback vaults, locked staking with insane APY’s, and NFTs that are going to be released soon to our community from our ecosystem. We’ve got a docs page on cafeswap.finance that you can read about our upcoming products and roadmap.

UnholyWarcry :
I know they’re currently in fashion! That GIF sent at the start was really good art aswell!

Breve | CafeSwap ☕:
Yes actually we are trying to bring a better usecase for NFTs and like to give it value.

thats one of our NFT as well 😊

UnholyWarcry :
Being art is one thing! But as we know in DEFI everyone wants more and more usecases haha!

The last twitter question- @Opoglio from twitter asks:
"people talking about Buy back vaults on reddit, what does it actually do? How it brings buying pressure to $BREW? is it fresh concept or copied one?"

Breve | CafeSwap ☕:
Buyback Vaults are a mechanism that offers a new use of yield optimization that maximizes profits for $BREW / $pBREW giving the token holder higher APY’s. It also is a way to mitigate the selling pressure on Brew/pBrew and increase the value of the tokens.
The concepts is not copied because we have made our necessary changes in contract modifications, It is very good feature to add constant buying Pressure on our Native token. It is used by Yield Optimizers to sell the token of Compounding LP and add a buy back for their ecosystems native token.

UnholyWarcry :
Nice! Maximizing APRs is the best especially with vaults as they are already maximizing APRs into APYS! Maximized to the max

Did you have any closing things you wanted to discuss before we open the chat. Anything new in the works? Anything upcoming? Where can everyone find your project?

Jonathan:
At the moment as mentioned before, we've got our buyback vault release, locked staking with insane APY's, and our NFT's that will also have staking coming out soon. Check out our socials for the release date soon.

You can find us here and chat with us or the team at any time. Appreciate you guys for having us and doing this AMA.

arfonzo:
chadbrew, my fave 😹 Thank you folks! Lovely to hear from a longstanding platform like yourselves!

UnholyWarcry :
No problem! Thanks so much for joining us so everyone can learn more about your project, all projects together make this Polygon Ecosystem! I will now open the chat for you to select 3-4 questions (or more if you want) to answer.

Those who were the mentioned twitter questions please reach out to @TurnipCrypto :)

Jonathan:
Feeling is mutual. Love you your work and what your team is building.

About CafeSwap Finance

CafeSwap is a yield farming and staking platform on BSC Chain, We have chosen BSC because of its low tnx fees and faster speed. We have built this project to provide the best experience with farming while regulating the supply, We believe in partnerships hence we aim to bring all BSC DeFi ecosystems in one place to have a friendly ecosystem for all of us.”

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Daniel Christopher
Daniel Christopher

Written by Daniel Christopher

Exclusive Content Creator, Digital and Crypto enthusiast, Graphics/Infographics Designer, MEME expert.

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