AMA Transcript — LuaSwap x CompendiumFi

In February, LuaVentures announced Compendium Finance as an investment and a strategic partnership going forward that aims to support each other with marketing and outreach initiatives.

To commence the collaboration together CompendiumFi held a comprehensive AMA with LuaSwap to discuss this collaboration and what it means for both parties going forward.

Below is the transcript from the AMA, held on February 11th, 2022.

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Introductions:

LuaSwap — Justin: It’s time for the AMA. Let me introduce @traderjoe155 Sean and @GrimyFishTank Jacob from Compendium Fi, which just had a partnership with LuaVentures. Welcome!

CompendiumFi — Sean: Hello everyone, thanks for having us, we are glad to be here!

CompendiumFi — Jake: Thanks for having us Justin! It’s nice to be here 😄

LuaSwap — Justin: it’s a pleasure to have you joining us! First of all, could you give us a brief overview of Compendium Finance and what does the strategic partnership with LuaVentures mean for CompendiumFi?

Either of you can go get the question as you like :)

CompendiumFi — Jake: I’ll take this one!

Compendium Finance is Creating a “compendium” of trading tools for multiple ecosystems within one user-friendly application. Combining integrations for CEX & DEX platforms enables a wide variety of users to benefit from tools and features not currently widely available to the public.

With our recent launch of the CMFI token, we are excited to have a strategic partner such as LuaVentures supporting our vision. With LuaVentures in our corner we are able to collaborate closely with their media relationships in Southeast Asia. This will enable CompendiumFi to broaden our reach and bring our products to more users.

With CompendiumFi, there are products that everyone can use from Centralized to Decentralized exchanges.

LuaSwap — Justin: Cool. So you mentioned that CompendiumFi has both Centralized Exchanges and Decentralized Exchanges products, can you tell us a bit more?

CompendiumFi — Sean: Sure, so we offer products for Centralized Exchanges that can automate your trading experience.

These products are: Verified Trading Bots: These strategies are published by vetted third-party authors and feature our own proprietary CompendiumML products.

This is a great product for individuals who want to actively trade the market but either haven’t learnt how to trade effectively or those who are too busy to participate in trading. Therefore, automation is ideal.

For Compendium Finance trading strategies, they are free of charge for users. This is great for users who are looking to enter automation.

Feel free to explore the available bots: https://compendium.finance/marketplace

We also have copy trading, which allows any trader to create their own private or public group trading integrations through Compendium.Fi with no setup or subscription fees.

This system works differently than our verified bots or signal providers. Group leaders can link subaccount API keys to create a live connection subscription to trade naturally from the exchange interface and not a special terminal like most of our competitors.

An example of this would be community leaders who post trades from their exchange account. That community leader will have those exact traders posted to his followers.

This is a great way for users to monetize their signals group and to further increase participation of their members.

We have a community on our Copy Trading platform where one very profitable trader posts trades throughout the month, with that trader he has over 250 members who are actively following his trades. That means all 250 members receive the exact same trades their leader enters.

If you are interested in learning more, please get in touch. We are happy to help you through this process.

CompendiumFi — Jake: Our Signal Provider Service also allows traders, fund managers, algo-strategy authors and more to all create their own signal-based automated trading strategy on CompendiumFi. This system is different than verified bots and can be implemented by anyone. This documentation provides an introduction to automated trading through our Signal Provider systems. This system uses json-based command mechanisms fed to specific webhook endpoints to initiate trade posts for group followers.

We have more CEX products coming, but we will be back to talk about those.

We also have Decentralized Exchange Products!

Our Team designed our Decentralized Exchange Tools with one purpose — Create a compendium of tools under one destination.

That destination is Compendium Finance.

Offering a complete DEX with every single Serum market.

You can visit: https://dex.compendium.fi/ to see how we are perfecting the exchange experience on-chain.

Along with the DEX we offer a complete Network Explorer and an NFT platform. For developers we also offer tools that we used, that would enable you (A developer) the tools to build.

We are further building out future markets to trade perpetual contracts on Solana and Index Funds that will auto-rotate your portfolio to maximize returns.

We are really excited about the developments to come, so please keep in touch on our Socials to stay up to date.

LuaSwap — Justin: That’s quite some unique trading tools and strategies you have to offer! I’m sure these tools would come in super handy for all levels of traders and investors. and the experienced traders can even become leaders and build their own community with what’s provided

Can you touch on the team’s background (including yourselves) and the beginnings of CompendiumFi?

CompendiumFi — Jake: Sure! Our team consists of 5 main core individuals that bring a vast amount of experience from different areas to the team!

There’s myself — Jacob — I’m one of the co-founders!

I have a background in communication design. I have been in crypto for 7+ years now and have industry experience designing, developing, and marketing exchanges, wallets, and payment systems!

I also hold executive-level rolls at funded companies like Nexusware (a healthcare company) and Readyraider (crypto-esports)

CompendiumFi — Sean: Im Sean, the other Co-Founder of CompendiumFi. like Jacob I have been involved in crypto for about 7 years. I have a passion for web automation, networking, machine learning, and platform development.

I have prior experience in heading business development, support, and marketing roles throughout multiple different industries including robotics and working with different technology stacks.

CompendiumFi — Jake: We also have Safwen and Dennis, who head our development team and bring tons of joint experience!

I have worked together with Safwen on many projects within the space for a while now. He’s one of the most dedicated people I know!

LuaSwap — Justin: Awesome. so you both have been in crypto for quite some years and backed by a team of experts.

CompendiumFi — Jake: We also have Timothy! Head of business development.

(He got to take a vacation today) — but came to us from bonfida to help lead business operations!

LuaSwap — Justin: Awesome. then what do you think makes CMFI different from other ecosystem tokens? What can holders of tokens do?

CompendiumFi — Sean: When developing the CMFI token, we built it around the focus of utility. This means that CMFI plays an important role in access, expansion, and incentivization models throughout our CEX and DEFI systems. Multi-chain support beyond SOL for CMFI launches in “Phase 4.”

With that, xCMFI represents ownership of LP tokens for verified AMM protocols like Raydium, Orca, etc. By providing liquidity to the network users can take advantage of premium tools, services, and eventually liquid staking tools.

CMFI LP tokens also provide users with additional referral tiers for our DEX, Simple Swap Aggregator, and other tools. Enterprise entities, Trading firms, Bots, and more can also utilize our open API protocol to interact with Serum order books.

Rewards, referrals, and fee paybacks are also paid in CMFI to users with allocation dependent on LP provisions. Users will be able to run a non-custodial trading pool in Phase 2 and enjoy the capture of CMFI as a “collect fee” method from pool collateral providers and more.

Expanding beyond Solana is important to our ecosystem as other L1 and L2 ecosystems employ comparable protocols and fee layers. Bridging CMFI across ecosystems helps utility remain without dependence on a single chain.

CompendiumFi — Jake: Sean covered it pretty well! 🤝

LuaSwap — Justin: haha thanks Sean. so the last question from us is that can you walk us through the product Roadmap. What phase are we in and what is there to come in later phases?

CompendiumFi — Jake: Sure! We have a pretty comprehensive roadmap

To follow in context, at the current moment, we are in Phase 2 — which is focused on our DEX tools on Solana.

So Compendium Finance started in April 2021 with our CEX tools. This was part of Phase One — which consisted of our CEX products and the initial deployment of our DEX suite with Spot and Swap markets going live.

As an organization, we were thrilled to have created a niche market in this industry and as a business, we were officially turning a profit from our userbase after the first month. This cemented the need for our service, and we continued to develop our vision.

In July 2021: Signal Provider Services & Portfolio Manager for FTX goes live.

In December 2021: Phase 1 of Solana DEX Suite goes live with Spot Markets, Simple Swap, Wallet Explorer, and more.

January 2022 saw the CMFI IDO takes place on Solanium.io and the refinement of the current Solana trading tool suite and CEX Trading tools takes place.

Currently, we are focusing on Enterprise-grade trading tool introduction and preselected baskets go live for FTX. Compendium.Fi’s CEX tool suite begins to expand to other exchanges.

Soon we will be aiming to focus the following components:

March 2022: Phase 2 of Solana trading tool suite integrations begins. This includes automated trading pools, further staking integrations, the portfolio manager, and enterprise-level Serum charting API’s. The integration of our futures markets interface may also begin at this time depending on infrastructure changes.

June 2022: Phase 3 of Solana trading tool suite integrations begins. This includes borrowing and lending, strategy creator SDK/API, and more.

Continued Development: Planned expansion and refinement of all CEX and DEX trading tool suites with new dynamically added products. Further integrations of ecosystem utility within all current and planned products. At this time our team will begin exploring ecosystem bridges and expanding the DeFi tooling beyond Solana to other chains. A native trading terminal and mobile application will also become available for users of our CEX tool suite. 👍

LuaSwap — Justin: that looks pretty exciting what you guys have achieved over such a short period of time and what’s to come next! that’s all the questions from us. now we will move to the community questions from our twitter comments :)

Twitter Community Questions:

LuaSwap — Justin: Q1: So at Compendium do you factor in all these variables (Funding rates/Trade fees) when reporting returns?

what is your drawdown overall? how much equity do you use and what is your leverage? (@celeng556)

CompendiumFi — Sean: We are actually one of the only platforms that do report other variables like slippage, funding rates, and trading fees into profit and loss reports. The data that our users see for each selected trading strategy is pulled directly from an actual locked off trading account utilizing only that trading strategy. Drawdown is different for each strategy, but we strive to keep historically profitable strategies listed and our main focus. Each strategy also uses around 1x leverage if it trades on perpetual markets. Some strategies instead focus on trading spot portfolios.

Great question btw🙏

LuaSwap — Justin: Q1: Like we mentioned we’ve all been involved in multiple facets of the crypto-ecosystem for quite some time. The idea of compendium actually came about in a private discord server with a bunch of close friends. We were all users of other automated platforms and after testing and using their products for a while found a lot of discrepancies with trade and data reporting along with a lack of overall simplicity in their product offerings. So we did what developers do and decided to make our own!

CompendiumFi — Jake: Lots of fun times with the team creating our platform 😄

CompendiumFi — Sean: it’s definitely been a fun journey so far haha

LuaSwap — Justin: haha, that’s always why people start building new things, because we are not satisfied with what we have. next one:

Compendium Finance is an open DEX protocol built in Solana. But can you tell us the importance of Solana on your platform? Since there are better interoperable networks, such as BSC or Ethereum, why did you choose Solana? Do you have plans to expand to other similar networks? (@crypton66238997)

CompendiumFi — Jake: We do have a large focus on DeFi in parallel to our centralized exchange tool suite.

Solana was the perfect first deployment for our ported products because of its overall speed and efficiency.

When you’re dealing with trading markets, every second and every penny counts! We are already planning to bring specialized versions of our trading suite cross-chain to other popular networks in “phase 4” of our roadmap. These offerings would be unique per chain dependent on that chain’s capabilities and general market offerings. 👀

LuaSwap — Justin: Cool. hopefully we will be seeing your products expanding to TomoChain soon haha.

next one: What makes CompendiumFi particularly different from portfolio management of other dex exchanges or cex exchanges? (@semonero)

CompendiumFi — Sean: Our plans to support multiple ecosystems, not just one network or centralized exchange definitely makes us a bit unique! I think our overall goal of simplicity and knocking down the paywalls and gates for features moves us ahead of the competition in terms of centralized exchange tools.

On the DeFi side, there are many aggregators when it comes to markets but not many aggregators when it comes to full tooling. Not having to have multiple tabs open and being able to not only view your portfolio but manage positions from different protocols in one dashboard should make things a lot easier for our users!

LuaSwap — Justin: Thanks Sean, and the last one from the twitter community:

What features/improvements are you planning to add to your project in the near future?

Can you tell me what your project’s short-term and long-term goals are for the future? (@Rahman5971)

CompendiumFi — Jake: We’re excited to be launching a platform upgrade soon that includes several new tools on the DeFi side (phase 2) and services like copy trading coming out of public-beta on the centralized exchange side. We will also be introducing more exchanges and protocol integrations throughout the year.

Our goals are to always be dynamically involved in the market and continue taking community feedback to make sure our product offering provides tools that the community wants and wishes to use.

We’re traders ourselves, so we get it… everything should serve a purpose! 😎

Telegram AMA — Questions:

LuaSwap — Justin: Thank you Jacob. I think we’ve covered quite a lot of different aspects over the last few questions. but, this is not yet the end. now we will have some time for live questions. you guys ready?

CompendiumFi — Jake: Lets do it!

Audience — Gwen Stanton: Token Burn or BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?

CompendiumFi — Jake:

Token Burn or BuyBack program play an important role in increasing Token value. Do you have a token burn or buyback program plan to attract investors?”

Token burns and buybacks are (in my opinion from being in the industry for so long) a basic marketing gimmick. We will be avoiding this, because it also would essentially deem that token a “security” if legal jurisdictions cramp down.

Our goal is actually to be one of the first solana-based products traded in all international regions and abiding by dedicated “utility token” dynamics is important!

We will however be feeding platform revenue into the TVL on several different DeFi protocols to continue increasing available liquidity as our token matures.

LuaSwap — Justin: Thanks for the great question. winners please PM me your solana address. we will work with Compendium Finance to have the rewards sent out in a few days. :)

Audience — Tamie Walter: How can users stay up to date with this project? Are there channels, including local communities, where users can get the latest updates?

CompendiumFi — Sean: We do all of our communication through the official @CompendiumFi Twitter, and we have a vibrant community on Discord as well! https://discord.gg/JmxFxrmQ5M

Audience — Abigail Mitchell: I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?

CompendiumFi — Jake: CMFI token is currently live and trading. Users can find trading avenues for CMFI along with several different Liquidity pool options providing around ~100% APY (CMFI/USDC)

Some of these platforms include Raydium.io , Orca.so and Compendium.Fi ourselves!

LuaSwap — Justin: Do we have another 2?

Audience — Elsa Choate: What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

CompendiumFi — Jake: Our project generates revenue in a lot of different ways — We also have a strong advantage over other projects because we work alongside centralized exchanges too.

Our main core revenue drivers are volume rebates and trading fees. We keep a majority of our products free to register and use!

Check some of them out here: https://compendium.finance

Audience — Deleted Account: What is your strongest advantage that you think will make your team leading the market?

CompendiumFi — Sean: In all honesty I believe its because we are DeFi and CEX users alongside our community. Every tool, integration, and feature we have added or plan to add started as something we would want to use ourselves and either could not find an acceptable implementation, or it just hasn’t been done yet!

Final Remarks:

LuaSwap — Justin: All good! that’s all for the AMA! congrats to the winners, thanks for the great questions. A special thanks to Jacob and Sean for taking time to join us today!

CompendiumFi — Jake: So grateful to be here and partner with LuaSwap & LuaVentures. 🥳

Thanks for the great questions guys!

LuaSwap — Justin: If there is any more information or links you’d like to share, feel free to them drop them here now :)

CompendiumFi — Sean: We really appreciate you all having us here and we are grateful as well for the excellent questions posed by the community🙏

We would like to thank you for taking the time to keep up to date with CompendiumFi. If you would like to discuss anything in more detail about the discussed topics in this post, please feel free to contact us on any of our social platforms!

Stay up to date:

• Visit our Website
• Follow us on Twitter
• Watch our YouTube Videos
• Join our community on Discord

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None of the above should be utilized as financial advice. You are responsible for your own financial decisions. Please make sure to do your own research before investing in cryptocurrency protocols or digital assets.