Opusdei DeFi x SadPython AMA

Could you please introduce the two projects Sad Python and OpusDei and how they are connected?

  • OpusDei or Opus Dei Money Protocol (full name) is a multi-chain community-governed financial service for creating, exchanging digital assets, and earning interest on deposits. In other words, another DeFi service. Right now, it is a P2P lending/borrowing tool with some popular Tezos tokens as collateral (by the way, if any Tezos developers who would like to add their tokens are reading this article, please let us know about it). Our plans are big, upcoming updates will add lending from the liquidity pool, bigger rewards, and NFTs as collateral. Our vision for the Protocol is an ecosystem with three main development directions: DeFi-as-a-Service, the Gebo wallet, and the Ting or DAO. SadPython NFT is the OPD child project which is our flagship NFT inside the ecosystem.

There is also a wallet, the GEBO wallet is that part of these projects or its own separate entity?

GEBO wallet logo
  • As our plan is the ecosystem, Gebo will be a part of it. The main features here will be separate vaults inside the wallet, collective ownership of tokens, and direct minting of business/state documents by an issuer as an NFT inside a vault, isolated from other vaults.

Could you introduce the team, how many are on the team and where are the team based?

  • The team consists of three developers, a marketing specialist, and a designer/NFT-specialist, one of the early Solana-NFT creators, who we’ve managed to make interested in the project. We also have an impressive advisory board, which includes two ex-bankers from Australia and Estonia, a Fintech-specialised lawyer from Dubai, Software Science PhDs from Estonia/Finland and Austria, and a CBDC/digital identity specialist from Australia. We are currently headquartered in Tallinn, Estonia, but looking for a place to relocate the whole team.

It is stated: The Opus Dei Money Protocol (OPDP) is an open-source DAO platform with advanced functionality for NFT-tokens. — What is meant by advanced functionality for NFT tokens?

  • That is a good question! You see, we believe that the full technological potential of NFT is not yet unveiled. All these kittens, doggies, monkeys, punks, or sexy Saddies (yeah, the Pythons) are great, but there is much more behind the technology. In fact, can you imagine a discussion or an article about non-fungible token technology in some scientific magazine and the impact it would have on society today? That would be something around 0, right? But what about the impact of a digital picture of an ape or a crypto punk sold for millions of dollars? Or wait… why do we need to imagine that? As we remember, it was a bomb. Everyone started talking about it, and they still do. So, what we are saying here is with all that attention towards NFTs today, it is just a matter of weeks until we see something very interesting. For us, NFTs will be among the central points of interest or main features of our services. We plan to use NFTs as collateral in the lending/borrowing service already in the next version, we are working on functionality to allow a user to create a copy of NFT on any supported network, one of the main DeFi features — is the possibility to create a stable coin — will be backed by NFTs, joined ownership of NFT portfolios, and, as mentioned above, we are working on a set of digital tools what will allow any third party (ofc, if the user allows it) to issue a document as an NFT in a separate vault of the Gebo wallet.

Which project did you start building first, and how did that idea come about?

  • OPD was the First project we’ve started building. It’s kind of a story. We’ve been in the DLT/crypto industry since +/- 2014. You know, red-eyed sleepless Polo nights and all that. By 2017, during that 20K milf-traders wave, after several projects for other companies, we’ve decided it was enough of all that scam and a bright future where kitties could kill the whole network. But as it often happens, time moved on, and/or once you get a taste of crypto, it just won’t let go. Ever. Jumping over quite a few years, there was a moment when one guy told another guy about another guy. By a fluke, one of these guys happened to be an early Tezos follower and enthusiast, another two were developers. As we were working with a fintech company before, DeFi was an obvious choice, we’ve filled the Tezos Foundation application and here we are today.

Where did the names come from? Opus Dei, Sad Python, GEBO

  • Opus Dei means work of God in Latin. One of the main postulates of our service is that the world we live in today has no analogs in history, it is something new, and that brings us to a conclusion that everyone can become God in it. Needless to say, we all remember the Deus Ex game, but there is one more thing… There is a Catholic organization called Opus Dei. We aren’t connected, but there is an interesting fact about members of that organization. Members of the organization, sincere believers, have to live in the real world. They are not hiding behind the monastery walls, they don’t hide in cathedrals, but have to carry their faith through all possible temptations of this world. That earns great respect and if there is any association between us and that organization, we would choose the commitment to the chosen path.
    Gebo is a Viking rune and a symbol of partnership. The team is coming from the North, and one of the first features of our wallet is a joined ownership of assets. All together makes it an obvious choice to choose Gebo as a name for our wallet.
  • SadPythons, well, it was almost a month of brainstorming — which animal we should use for the next NFT, cause almost all were already taken. Lol. We still remember one Soviet cartoon «38 Parrots», and there was one naughty python — our Alpha version. Then we checked all the popular collections for copyright and names. Sad Python, Bored Ape….sounds good. But they are not all SAD btw)

How did you transition into the other projects after starting the first?

From the beginning, our plan wasn’t about simply developing a P2P lending/borrowing service and then just stopping working. We see a huge possibility in providing DeFi as a proof of concept or testing environment for any assets. That is a huge amount of work, it is the ecosystem and it is obvious, that not just a DeFi service and a wallet are needed there, but also a DAO and other parts of the puzzle. The only possibility to stop technology today is to destroy humankind. At the same time, with the speed of technological development and the self-interest of some, it is very tempting to turn all that into a digital labor camp. We’ve seen some groups working on solutions as described above, but we will be doing our best to keep on the good side, by explaining every step we are doing, open-source, and together with the community. Carrying the light around the distractions of temptations. Haha

Why was Tezos chosen for this project?

  • It wasn’t a choice. I mean, the team didn’t gather around the fire thinking which network should be chosen. It was a “Let’s build a DeFi service on Tezos” from day 1. We always wanted to minimize our carbon print and fees. Tezos is a perfect choice.

Are you working with any other Tezos teams?

  • Unfortunately, we don’t. But we are open to cooperation. Even such a small thing as adding a token to our service — please contact us if You want to add it. But we are friends with many Tezos OGs, such as Paggy, Codecrafting. Danmatts, Cubehead, and others.

Are you funded at this point, or is it a self-funded project? What are the plans for future funding?

  • We’ve got a €40K ($50K) grant from the Tezos Foundation for the project. Shame on us, but we are six months behind the deadline (there are reasons, obviously), the service is still under review by the commission, so we haven’t received the whole amount of the grant, but we hope we’ll get there. Our smart contract is going through the audit, so we hope for the best. An additional amount of the same €40K was gathered by the team and from the team to keep the R&D process going, as we are still doing it in our spare time.

We have a Defi Project OpusDei and an NFT project Sad Python, are you looking to mix DeFi and NFTs?

  • Absolutely! It’s just the beginning!

How is the GEBO wallet important for OpusDei/Sad Python?

  • It’s all part of the ecosystem. Same as the leg is important to a hand of a person :) to be continued…

Are you working with any Tezos artists for Sad Python?

  • We can say that an ex-Solana artist is now a Tezos artist @FuxxyFux (BitBoat and Solaria’s main artist)

What tv shows, movies, games inspired the art behind Sad Pythons

The Matrix, Back to the Future, GTA, Indiana Jones, Half-Life, Dexter…and many more

Will sad pythons have a rarity site for rankings?

Yes, they will

What are the royalties on sad pythons?

We are still not sure about that, cause Royalties will form a Community Fund PYTH VAULT, that’s why it’s important. We think 7-8% will be enough (as Ottez, our mates) What happens to that money collected (PYTH VAULT)? Here’s where things get really cool, that Tezos will be used to buy back the cheapest (below mint) SadPython listed on the market. This SadPython will be then burned. That will significantly decrease the supply of SadPythons while raising the value of them for holders.

Is there a whitelist for sad pythons

  • 1234 WL places, May 11th is the presale date.

How do you get into the Opus Dei Presale/Private/public sale etc

  • We will make the announcement, but the plan is to build infrastructure first, then introduce two tokens and the economy behind both of them.

Will there be any tutorials for people to use with the OpusDei platform?

  • Yes, of course. Achilles’ heel (let’s say one of many heels of a poor lad) of the whole DeFi sector is the poor usability. It is one of the stop-factors for people out of the crypto-sandbox to use these services. We’ll see how it will go, but in addition to different hints and tutorials, we are planning to have a dedicated YouTube channel about today’s finance and DeFi. It is too early to have it all on a service with just a couple of buttons, but we will get there.

What marketing activities will you be engaging with?

Tezos themed cap + Ledger Nano
  • Twitter, Discord, YouTube, Telegram, influencers…

What makes Opus Dei different from the existing Tezos DeFi products we have seen on Tezos?

  • We’d say everything described above? But among all buzz-words, it would be cruel to leave the team aside. At the beginning of the development process, we didn’t know much about the network, programming languages, and all that. Now, after some people are gone, let’s say we are ready for the next level. We didn’t expect it to take so long. It was hard, but in a good way, as the tricky part was looking for the information rather than coding.

What makes Sad Python different from existing NFTs we have seen on Tezos?

CUBEHEAD custom Python, one of the FRANTIC 8
  • Fresh, unique, and aggressive design + DeFi integration through PYTH token. PYTH is a SadPython Verse enzyme (read LORE) and token name. It will give access to community drops and other special holders-only features. Stay tuned. PYTH VAULT read ABOVE

What makes GEBO different from the existing wallets we have seen on Tezos?

  • In addition to everything described above, among the many features planned, I would like to underline two things we are already working on. One is dividing tokens into portfolios (vaults) and managing these portfolios both individually and collectively. Another — allow your doctor (insurance company, your lawyer, whoever issues the ID or a driving license) to mint a document inside your wallet. Many teams declare their vision of connectivity in Web 3.0, so, everything described above is our version of what is coming.

Could you just clarify the tokenomics for Opus Dei and the minting numbers for Sad Python?

Tokenomics for the can be changed, but currently, we are planning to have a max circulating supply of the OPD token of 76,923,077 OPD with 13 decimals, no mint function (as minting and Slow releasing circulating supply will drive up inflation pressure, which in turn will decrease the value of the existing supply), no burn function (deflation can be achieved by deliberate trade losses selected by the DAO). Some deflationary coins use burn functions to artificially deflate a coin to stabilize or drive its price up. This mechanism is, however, artificial which means a false economy has potentially been created, and false economies will always correct at some point. Deflation in a currency value can be achieved by intentional loss trading or carrying debt, which can be voted on through the DAO to intentionally engage in contracts that would provide these functions.
The price will be set as 3.14159 of Tezos, but it is just a current plan. We’ll have a foundation fund of 5%, 3% for the Advisory Board, and all smart contracts locked for 2 years of slow-release (we’ve all seen these price dumps made by the team) past token sale. Developers/Team Fund: 18%, smart contract released tied to KPI / Milestones on the development roadmap. Pre-Sale: 1%. Private Sale: 9%. Public Sale: 10%. Partnership Incentives: 2%. Bounties: 1%. Community/Pools: 51%.

SadPython NFT total supply is 3456,
Whitelist (presale) 1234,
Public sale 2222

Presale price 6 XTZ, public 8 XTZ

What was the reasoning behind the tokenomics on Opus Dei to place 51% into ‘community and exchange pools’ what is ‘community’ within this?

  • Power to people to make the DAO work and the service running.

What is meant by NFT collateral and how does it fit into Opus Dei?

  • NFT is a token with a price. There are a lot of NFTs out there to be used as collateral if a user needs some token but wants to keep the NFT and not sell it. Every SadPython holder can use it as collateral when borrowing other assets at OpusDei.money.

Opus Dei is described as ‘A multi-chain, community-governed DeFi protocol’ — you are starting with Tezos first? Then are you bridging to other chains? Has it been decided which ones and why? Also why is the need to go multi-chain? Will you be using your own bridging systems?

  • Not sure about that, to be honest. “That” means bridges, as there are serious security issues behind the technology and littering of networks by wrapping a shitcoin in another shitcoin. At the moment, we are working on the possibility to issue an NFT on several networks and having a copy of your token on different networks. Other interesting features are coming out of that functionality, but it will be better to show that rather than talk about it. Currently, OPD is a Tezos-first service and we are looking at Polkadot. There is an obvious interest around Solana, but with the existing team and the actual life (work, family, all that), even what we are doing at the moment is a lot. We already see a moment, when we won’t be able to combine it all.

With the GEBO wallet why is enabling other digital signatures such as Splitkey important?

  • SplitKey is just one of the technologies out there. We’ve worked with it in the past and that is the only reason it is mentioned in one of our presentations. It is obvious, that if we will make the Digital ID happen if we’ll deliver collective vaults, there will be a need for a Multisignature as a technology.

What are private vaults?

  • Vaults inside the Gebo wallet where participants and the value of assets are not seen by the public.

Will the collective ownership of NFTs require bridging?

  • Hopefully not

What is the initial roadmap for each project?

  • Our big goal for this year is to demonstrate our DeFi, the wallet, and to find actual clients during this year’s Gitex in Dubai in October. We do understand that with the existing product that goal is almost impossible, but there is a chance. It’s just the amount of “if”s is huge. We do realize, that if we’ll continue working with the speed we’ve had before, we won’t get to Gitex even by 2030. But talking about the first steps from the roadmap, I can say, that these steps will include the NFT collateral (SadPython as a flagship), liquidity pool, ofc new website and design improvements, and some NFT features, which will be announced on Twitter hopefully soon. We will create a token “PYTH” which SadPython holders will get by holding SadPython NFT on their wallets, which then will be used inside our DeFi.

What’s the best way for people to interact with the projects?

  • The best way to interact with any project is to start using it. There are projects out there existing to receive funding, and we all know that. But believe me, the absolute majority of projects (and even DeFi projects) are created with a simple goal to be useful to society. Same with the Opus Dei. Just start using it. We do understand that it will be complicated to use a P2P lending service often for most people, but we believe that with every new feature, more and more people will start using it.

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OpusDei is an open-source, community-governed financial service for earning interest on deposits and borrowing assets built on Tezos Blockchain #newmoney

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OpusDei DEFI

OpusDei DEFI

OpusDei is an open-source, community-governed financial service for earning interest on deposits and borrowing assets built on Tezos Blockchain #newmoney

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