Q1: Hi guys, today we are having Tiberius, SheepDex head of Southeast Asia, for today’s session. So let’s get started. Tiberius, please introduce yourself, and tell us a bit about your background and the reason you joined the team.
Thanks a lot for having me. I’m really honored to be here at TokenCamp.
Hi everyone, my name is Tiberius, chief marketing officer for SheepDex Southeast Asia.
I have 6 years of experienced in community building, technology-driven innovation ecosystem development and growth marketing, currently working on the construction and development of Web3.0 ecosystem. As one of Litecoin’s earliest backers, I have focused on incubating and investing in blockchain projects and applications. And I am currently leading the Southeast Asia ecosystem for SheepDex, coordinating global ecosystem development and strengthening strategic partnership across the board.
If you ask me what I have done in the blockchain industry before, I can say that in the past six years, it was mainly community building, ecosystem development and innovation-driven incubation. When it comes to blockchain-based experience, I was fortunate to be one of the participants in Litecoin’s first round of strategic investment in 2015. From 2018 to 2020, I did a lot of community outreach work for Polkado Boca, another tech ecosystem. During this period, I also accumulated lots of experience in ecosystem development, coordination between developers and entrepreneurs, and a series of successful investment and incubation.
It is often said that the founders of many blockchain projects went from 0 to 1 and 1 to 10 while building ecosystems.
In conclusion, my experience can be summed up in a few phrases: 6 years of blockchain community building experience, entrepreneurial experience with success and failure, participation in diversified ecosystem development, and promoting decentralized applications.
Earlier this year I was lucky enough to be invited by SheepDex global head to join the team for the ecosystem development of Southeast Asia markets. I’ve seen the pipeline of great projects working with SheepDex. In 2019, I entered the DeFi space, got to know many projects and investment institutions, and experienced the exponential growth of DeFi summer. I am now proud to work with SheepDex and we are working hard to be part of DeFi 2.0.
Q2: Can you tell us more about SheepDex?
SheepDex (https://www.sheepdex.org) is a decentralized exchange based on Binance Smart Chain (BSC) and the team has extensive blockchain development experience. One of the most important features of SheepDex is its Range Order mechanism, which allows users to implement more flexible market-making strategies. Users can provide liquidity within certain price ranges where they see most trades occur to generate as much as trading fees possible. UniSwap, the largest DEX on Ethereum by trading volume, also offers such functionality, which greatly improved LPs’s capital efficiency.
In a nutshell, SheepDex addresses liquidity-related issues in the BSC ecosystem. Currently, most exchanges are traditional automated market makers (AMMs), where LPs are allowed to spread liquidity between 0 tand infinity. This means there’s insufficient liquidity around the spot price, while liquidity away from the spot price cannot be fully utilized. SheepDex therefore offers concentrated liquidity and multiple fee options, which allow LPs to provide liquidity in certain price ranges close to the spot price, resulting in significant efficiency improvements, a great reduction in trading slippage and improved capital efficiency.
DeFi, NFT and dApps have been popping up in the Ethereum ecosystem since 2020. Demand for transactions continues to grow, but due to limited market cap, many new dApp developers must find a way to address DEXs’ high transaction costs, high slippage, lack of liquidity, technical challenges or limitations and other problems.
On Ethereum, the majority of funds are deployed on UniSwap v3, while a large number of market makers and vaults are connected to the ecosystem, greatly improving Ethereum’s capital efficiency and indicating the innovative advantages of the range order system and the future trend of DEXs. However, for some LPs, Ethereum may not be the best option due to its high gas fees. SheepDex chose BSC, one of the most used blockchain networks, where gas fees are very cheap.
SheepDex has also been working hard with global investors and leading projects, working closely with a growing number of partners for a robust clearing house on BSC.
Q3: There are countless DEXs out there, what are the future plans for SheepDex? Could you explain your roadmap for 2022?
First of all, I want to make it clear, SheepDex may be not easy for beginners, but once they learn how to develop market making strategies they will understand it. They will also find that gas fees are cheaper, they will be able to earn trading fees and the l overall return on SheepDex will be higher than UniSwap v3. SheepDex is also a developer-friendly platform, which makes it ideal for integrating with other DeFi projects.
SheepDex has been marching into global market since 2021, working with leading projects such as 1Inch, Venus and WooTrade and experienced an upgrade by the end of 2021.
The SheepDex protocol has been audited by CertiK and PeckShield.
As you can see SheepDex has started to expand globally with a more professional perspective and, according to the roadmap, derivatives are expected to be released in 2022.
There is still great potential for derivatives and it is still in the early stage of development, so SheepDex is gonna come up with more creative features, which has been a challenge for the team and is still in beta.
We are confident that there will be some great DeFi innovations along the way.
Q4: As a blockchain practitioner, do you think if it’s too late to join SheepDex? What advice do you have for average users? Are there any chance for everyone?
DeFi 2.0 has just started. This year has been crucial for the development of multi-chain DeFi platforms, projects offering more options for portfolios, higher capital efficiency, more innovation, cheaper gas fees, and a more scalable blockchain infrastructure. There will be lots of opportunities and challenges for SheepDex along the way.
To learn more, you can follow SheepDex on Twitter/Medium/ Reddit and join the SheepDex community on Telegram/ Discord. You can also join us by applying to the team as a volunteer or ambassador. Moreover, there are also AMA sessions running where you know more about the project. And on our website you can check the Bug Bounty program. So there are many ways that you can get involved.
We also invite investors and institutions to work with SheepDex to provide users with a smoother trading experience with minimized slippage and an opportunity for earning passive income by holding our governance token $SPC.
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