 Hey guys, how you doing? This is your boy Rich from Rich TV Live and you too can join the club at richpicksdaily.com where you can learn how to win and trade. How you doing today? I'm your host, Rich, and we have a Rich TV Live with our very special guest, the CEO of DeFiYield.app, Michael Rosmer. How you doing today, Michael? Doing awesome, Rich, good to be with you. Yeah, good to have you on the show again. Very excited to touch base with you. Obviously DeFiYield is just one of the hottest sectors in the world right now and definitely one of the hottest sectors in cryptocurrency. Can you touch base a little bit about DeFiYield's investing dashboard? Yeah, so I guess since I was last on the show, we've been improving a lot very quickly and so we've rolled out a ton of new features. I really recommend anybody who's watching to just go and plug in, it's free to use so you can connect to your wallet and you'll be able to see all your assets across many different chains. You'll be able to do all kinds of different functions built in there. You can go and check out a bunch of our other features and yeah, I mean, it's basically a place, it's the safe place to do all your DeFiYield investment. It's supposed to be the one home for you. And we love DeFiYield, I still have your book right here. I keep it here all the time. It's my Bible for DeFiYield and I've really been a big fan of DeFiYield. Ever since we really started talking, I started really getting deep into DeFiYield, looking more into it and just falling in love with decentralized finance. How many chains does your new dashboard support? So right now we're integrated with 11 chains. Wow. So yeah, pretty much all of the ones that you would care about that are EVM compatible and so we're rolling out a bunch more. I think we're adding five more or something like that. So pretty much everything EVM compatible, we pretty much got it. And what chains are to be added soon? I know that we're really interested in Solana, Terra, Polkadot, and Cosmos. Are those some of the ones that will be added? Yeah, so one of the really exciting things is actually this month, we're gonna be launching with Solana and Terra. Yeah, I mean, those are obviously massive TVL, lots of user is interested, et cetera. And I think one of the cool things is we're the only ones who will be able to see both your Solana balances and your EVM compatible balances at the same time. So being able to have that full ecosystem, being able to see everything is just way more convenient than bouncing between 10 different things. So what exactly can users do with the dashboard? Can they stake? Can they lend? Can they borrow? Can they rebalance assets? Yeah, so a few different things. So first of all, first you can see all of your assets. That's kind of the first most important thing going on. And one of the things that's really unique about what we have is we have historical data which offers you profit and loss. So when you log in, right now it's on nine chains, we're rolling it out onto the others. You're gonna be able to see how much your portfolio on that chain as well as individual assets are up or down, which is great, right? Rather than having to keep track of like, where was I at yesterday? So I'm just- Yes, this is something that I've noticed with exchanges, they don't keep track of a lot of that stuff. It's a pain, right? It's so annoying. Yeah, so we've got that, which is great. The second thing is, yeah, you can add liquidity, remove liquidity to various different protocols. So if you see something that you wanna invest in, we're building this explore opportunities page that's really sophisticated right now. It's got the first basic part of it. And so you can say, okay, I wanna invest, I see a good APY, I'd like to go in, add liquidity, remove liquidity. That's really great. In addition to that, we're alerting you about if you have contracts that you've approved that are risky, so you can revoke that approval. So that's great. We're building in swaps, so you'll be able to actually do the swapping right there on our platform, basically, you don't have to go anywhere else. You'll be able to do bridging. So bridging tokens from one chain to another. We've got a really unique thing called multi-harvesting, which is where, if you're familiar at all, you put assets into a bunch of different pools and you have to harvest your rewards one by one. It burns up a lot of gas. And so we're building a button that you can just click once and it'll multi-harvest across them. There's gas efficiency in regard to that. So yeah, like I said, staking, yield farming, all these different things from trying to be a squib put it all into one environment, one platform so you can manage everything. So we also not only love DeFi, but we love NFTs and NFTs dashboard on DeFi yield. So you guys are also doing that. What will users be able to do with that? Yeah, so I mean, NFTs is not our main focus. So we're there. I mean, obviously NFTs are huge. It's one of these things. So the idea is you'll be able to see everything that you've got, as well as the price floors for them so you can understand somewhat what the values are at the moment. But yeah, our big focus is on DeFi for more investing, staking, yield farming, lending, et cetera, and less on NFTs for supporting kind of a, and silvery way because we've already have the data. Let's talk about the smart chain scanner. What is it? And why is there so much hype around it on the web? Yeah, so if you look over the last three years or so what you're gonna notice is that auditors, templates for auditing has not changed at all. There's basically been zero innovation in that space. And in fact, arguably the quality has gone down for a lot of these companies while the cost and time have gone up. It's basically turned into a little factory for them. So what our smart chain contract scanner does is it automates the audit process. You can take any right now on Binance Smart Chain or Ethereum and we're rolling out to the other even compatible chains. Any contract address you can put it into our scanner. You can hit the button and two seconds later it will give you a security scan which tells you are there vulnerabilities in the contract, things you should be worried about, concerns that you might get rugged, et cetera and identifies those to give you some idea of like, okay, is this a safe project that I'm going into? And removes most of the common risks that you might encounter, which is pretty fantastic. There's nothing like it in the space and we're basically trying to kind of disrupt the entire auditing space. And I think we stand a pretty good chance of doing that. Wow, that's amazing. Now let's talk about the DeFi token. What's its main utility? Yeah, so aside from being a governance token which is great, helps to manage things. One of the really cool things right now we have all of our infrastructure is centralized, okay? And that's useful for being able to make changes really quickly and update things. We've been putting our team on doing constant streams of updates over the last few months. We're really happy about that. We've got a bunch of them over the next several months but our plan over the next six to 12 months is to decentralize all of our infrastructure. And to give some idea of why this is really important, if you have a scanner which you're relying on to tell you that a smart contract is safe or not, imagine if you have a single point of failure and someone wants to rip you off and they can give the wrong information. Say, oh yeah, this is safe, but it's not. Now they can steal from you basically. And so we believe that in the ethos of DeFi which we're really committed to, it's really, really important to decentralize all of that. And this is going to allow there to be various different node operators, different participants within this network. And the network is going to be cross-chain. It will be interoperable with all the major chains and be able to supply data. You can kind of think of it like a chain link for security or the graph, sort of like that kind of a structure. And so that token is used to run this network that we're building. When will it be launched? Do you have a date in mind? I mean, our target is to launch a test net within six months. And the main net within a year, we'll see it's a pretty complex project. So although we have pretty sophisticated development team and a lot of development resources, we're also simultaneously working on all these other things. So that's the target is, like I said, test net mid next year and main net end of next year. Will there be an IDO? Yeah, yeah, absolutely. We're pretty excited. We are probably going to be doing it around the middle of January. That's the current plan. And so yeah, stay tuned for when that's gonna get released. But the target date is sometime around the middle of January. It'll depend a little bit on what the market is doing as well as we're working with quite a few pretty major partners. And so we have to kind of fit things in with everybody's schedule. Can you talk a little bit about the DeFi Yield Security Chain Scanner? Yeah, so that's what I was mentioning earlier is this kind of chain link for security. And so in that sense, what is it? Well, there's various different participants within the network. And one of the cool things is we've onboarded some of the top engineers, white hat hackers, et cetera, within the space who are participants in our network. And again, we have an opportunity to say run their own nodes, contribute to new security vulnerabilities. Right now, if we were to go and check out, we have the REX database, which outlines all the different hacks that have happened, hacks, scams, red bulls, et cetera, in the industry. And our team has gone through and manually reviewed the code to find out what were the vulnerabilities, et cetera. And so we think it's really important that this community of experts is able to contribute and be rewarded for adding to that knowledge base and helping to prevent more and more vulnerabilities within the network or within the ecosystem, I guess, the whole DeFi space. And so, yeah, this is what it's gonna be. It's not a blockchain per se, it's a network. What do you think the prospects for Bitcoin are in 2022? I know that it's been a great year in 2021 for cryptocurrencies, DeFi, Bitcoin, NFTs. And it just seems like there's more evolution that's happening. What does your feel for 2022? You think we're setting up for a huge year? So I think that we're basically in a situation where we have two sides to look at. So the one is how much liquidity is there and the other is where does the liquidity flow? So at the moment, there's lots of liquidity and we've had a good period of time, partially because in 2020 and on central banks and governments poured a lot of liquidity into the market. So we benefited from that. I think so long as that doesn't stop and there are some reasons why it could, but so long as it doesn't stop, then that's a good thing. Then the thing is, okay, where does that liquidity flow? And I think that's super bullish for crypto generally, simply because money tends to follow yields and there's better yields in crypto than there is normally. I mean, I was talking to a hedge fund manager recently who was talking about trying to get 2% a year on his bank deposits. And I'm like, first of all, that's kind of sad. And second of all, it's actually really hard to get 2%. I mean, you go to euros or negative interest rates. So it doesn't take a genius to think that, hey, listen, if I can put my money into Abe or Compound or Ferv or something like that and I can earn, let's say 5% or 8%, this is where the money is gonna flow, right? So as people become more comfortable with it, more and more capital is gonna flow there. So it's just a larger share of the overall, I think it's gonna flow into crypto. And then it's just a question of how big is the overall plot size and that will fluctuate as debt expands and contracts. Well, I'm super excited to see what happens in 2022. Thank you for joining us this year in 2021 and really introducing our community to DeFi. It's been a wild ride. We've had enormous returns in DeFi and I really believe this is just getting started. And I must remind everyone that Rich TV Live is strictly for information and education purposes. Please do your due diligence, do your research before you invest in anything we talk about or discuss here on Rich TV Live. Past performance is not always an indication of future results. In saying that, I believe DeFi is one of the hottest new upcoming sectors in the world. And I think everyone should be aware of DeFiYield.app. Thank you for joining me today, the CEO of DeFiYield.app, Michael Rosver. Thank you for joining us today, Michael. Awesome, thanks, Rich. Look forward to doing it again in the future. Yes, I'd love to invite you back again anytime you have any big breaking news or anything you wanna discuss. I'd love to invite you back on the show and I'm sure we'll get a chance to speak again in 2022. If I don't see you before that, have a Merry Christmas, Happy New Year, and we look forward to seeing you next year. You too, we'll talk then. Thank you so much. Thank you for watching, everybody. If you're not winning, you're probably not watching. We bring you the winners and we bring them to you first. If you liked the video, smash the like button, comment down below, share the video everywhere, and subscribe. This is Rich from Rich TV Live with the CEO of DeFiYield.app, Michael Rosmer, saying, have a nice day. We'll see you soon.