BTS Labs held an AMA with Kalmar on Sept 17rd. The theme of this AMA is “A decentralized bank powered by DeFi and NFT-Kalmar”. The guest we had was Mr. Kalmari, the Co-Founder of Kalmar. He introduced the Kalmar project to us which is DeFi and NFTs ecosystem of products on BSC, financial protocols infused with gamification and all the products are built around KALM native token.
Q1:
BTS Labs: Could you please briefly introduce yourself and Kalmar to our community in 3–5 sentences?
Mr. Kalmari（Co-Founder of Kalmar）: Sure thing! I’m Mr. Kalmari, one of the co-fouders of Kalmar. As for what Kalmar is, we like to think about it as a bank powered by DeFi & NFTs, a place where you can lend & borrow assets, to either earn interest risk-free on your BNB and/or BUSD, or multiply the APYs of farms on AMM platforms such as PancakeSwap. Along with that, you can raise money for your projects/businesses or participate in fundraisers to earn NFTs backed by real life rewards.
That’s it for now, but we have a ton of plans for future products, so stay tuned!
Q2:
BTS Labs: There are many blockchain projects, why should we choose Kalmar? What makes Kalmar better than the competitors?
Mr. Kalmari（Co-Founder of Kalmar）: It is true that, among the multitude of blockchains available, there are thousands of projects you can choose from, each of them pursuing their own goals. It would be easier to answer this question with something like “we burn tokens, we’re partnered with X, Y, Z, you hold $KALM and receive BNB”, but we’re not about that.
In short, Kalmar is a project with a long-term vision, and our goal is to be one of the main entries to cryptocurrency for the masses, as well as a safe place for both experienced and new crypto users.
We invision a future where “Kalmar” will be the answer to questions such as “Where should I put my savings?”, “Where can I buy cryptocurrencies?”, or “Where can I learn about cryptocurrencies?” and much more.
So, if you share a vision like ours, why not join us on this journey? :)
Q3:
BTS Labs: Could you please introduce the Kalmar token($KALM) for us? And how can we get it?
Mr. Kalmari（Co-Founder of Kalmar）: The $KALM token is the token fueling the Kalmar ecosystem, and soon it will be a governance token that will provide its stakers with a quite a big advantage on the Kalmar platform. We cannot share a ton of info about it at this point in time, but we can assure you that the V3 update is close, update which will come with a big use-case for the $KALM token, that being the Kalmy’s Yield Cheat Codes, but more information about it will come in future blog posts. As for how you can get $KALM, you can either:
Buy it on PancakeSwap: https://pancakeswap.finance/swap (search for “KALM”)
Buy it on Gate.io: https://www.gate.io/trade/KALM_USDT
Q4:
BTS Labs: How can you ensure the safety for the Kalmar user?
Mr. Kalmari（Co-Founder of Kalmar）: The safety of our users is one of the top priority for us. To ensure our users’ safety, we’ve had three audits already, two from our partners at Hacken and one with PeckShield. Along with that, we have a $100,000 USD bug bounty program with HackenProof. You can find the links to those here:
PeckShield Audit: https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Kalmar-v1.0.pdf
HackenProof Bug Bounty: https://hackenproof.com/kalmar/kalmar
Hacken Audit: https://hacken.io/wp-content/uploads/2021/06/Kalmar_08062021SC-Audit_Report.pdf
Hacken Audit: https://hacken.io/wp-content/uploads/2021/04/03042021_Kalmar_SC_Audit_Report.pdf
Q5:
BTS Labs: What is the roadmap or future plan for Kalmar?
Mr. Kalmari（Co-Founder of Kalmar）: We’ve already explained our vision for the long-term in the second question we’ve answered, but for a short-term roadmap, along with the new V3 interface, you can check out the links below:
https://twitter.com/kalmar_io/status/1413546412948795396
https://twitter.com/kalmar_io/status/1415658540027555840
https://twitter.com/kalmar_io/status/1427576559569973250
Free Questions
Q1:
BTS Labs Community: Hello, I want to ask. Is the borrower’s reward only the $KALM reward part of the yield process? So where’s the rest?
Mr. Kalmari（Co-Founder of Kalmar）: When you’re yield farming on Kalmar (by borrowing assets from the bank), you earn in two ways:
Firstly, you earn CAKE, BSW or any other token of the platform the farm is on, which is sold for more LP tokens (so your total position value is growing).
Secondly, you earn $KALM as reward.
The first type of rewards is sold hourly for more LP tokens and automatically compounded into your positions, and the second is claimable every Monday on the staking page.
Q2:
BTS Labs Community: How many $KALM have been burned so far. May I know?
Mr. Kalmari（Co-Founder of Kalmar）: Around 27,390 $KALM tokens (so 0.273% of the supply).
That’s quite good considering the short amount of time the rewards have been live, although we have many other ideas of how to reduce the supply in a natural and healthy manner.
Q3:
BTS Labs Community: I don’t know the explanation of Kalmar’s products, ie. NFT Fundraiser and Kalmy Cheat’s Code. Can you explain those two?
Mr. Kalmari（Co-Founder of Kalmar）: Sure thing.
The NFT Fundraiser is a product where individuals, businesses and/or projects are able to raise money for their cause, and Kalmar users are able to support their cause, in return getting rewards that are both on-chain and real-life.
As for the Kalmy’s Yield Cheat Codes, that one for now remains a mystery (although with the amount of hints we’ve given on social media it should actually be clear what it does). We have a blog post coming up today related to the V3 update, which will also include a tiny bit of info related to this use-case, so stay tuned for it!
But, yeah, Kalmy’s Yield Cheat Codes are not yet live. (But will be really soon)
Q4:
BTS Labs Community: What are the advantages of becoming a BNB lender and why should one provide BNB? How does one become a lender and what is iBNB?
Mr. Kalmari（Co-Founder of Kalmar）: The advantages of lending your BNB on Kalmar are pretty clear.
Let’s say you’re a BNB trader/holder, the tokens will just stay in your wallet/on an exchange, correct? Well, what if you could put your BNB to use in a non-volatile environment where you can claim them back at anytime and earn BNB and KALM rewards for it?
Well, that’s Kalmar! :)
As for iBNB, it’s just an interest bearing token. In short, it is used as a “proof” that you’ve lent your BNB (so building around it is much easier than if we saved the information about who lent what on a server or any other way).
Q5:
BTS Labs Community: I think TVL is an important aspect for all the DeFi projects, so fast increasing TVL what measures will Kalmar take to incentivize and increase its TVL? Do you have you increase $KALM token utilities, reduce fees or slippage to increase TVL?
Mr. Kalmari（Co-Founder of Kalmar）: TVL being such an important aspect is debatable, especially in an environment where TVL boosting by VCs is a common thing. I believe that building a strong, fun and reliable platform is the important step that has to be taken first, and the TVL will follow.
Not long ago we actually had an update related to fees and slippage, managing to decrease it to ~0.01% for some farms with high liquidity!
As for $KALM use-cases, kindly check the 5th question I answered in the beginning of this AMA, at Segment 2, as there are 5 use-cases in the second link.
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