Introduction

Mayfair is a Decentralized Autonomous Organization (DAO) that governs a set of tokenized investment funds and leverage to them, bringing a new class of investment products to the DeFi ecosystem.

With Mayfair you’ll be able to swap, trade, and invest in DEX Traded Funds (DTFs). The Mayfair DAO governs these DTFs and vote on which assets each DTF contain. For example, a Memecoin DTF would include Dogecoin, Shib, Pepe, etc. If you think memecoins will start running, maybe you’d like to invest by buying their DTF token, or go long with leverage on that DTF. Memecoins running out of steam and want to rotate over to the LSDfi wave? Mayfair will have a DTF for LSDfi as well! Simply swap your Memecoin DTF token for the LSDfi DTF token, or go long on the LSDfi DTF, and short on the Memecoin DTF.

That was a lot of DTFs, and maybe you’re a bit confused? That is why Loso sat down with Stratus from the Mayfair team for an AMA to learn more about their protocol and these beautiful DTFs. So who’s DTF? Lets go.

Mayfair AMA

Loso: Gm guys! Thank you for taking the time to come speak with us today. Super excited to hear about what Mayfair has going on. How are things going for you guys today?

Stratus: GM Loso. Everything is great, and yourself?

Loso: Everything going well thank you! I know you guys recently had a mishap with your Discord. Before we get into the protcol specifics, could you walk us through what happened and how it got resolved?

Stratus: Absolutely, here is a quick rundown of what actually happened: Someone approached our team members pretending to be from a project that would like to partner with us. They tried to make us join their Discord and solve a captcha that involved a bookmark scam that would take over your Discord session. Unfortunately our community lead was the victim and gave them permissions. The user was able to hijack the server (partially) and post a fake airdrop by cloning our website.

We were quick to take it down but unfortunately some had already lost their funds.

Loso: Oh wow. Sorry to hear that. Very informative going forward. Haven't heard of that kind of vulnerability. Great to hear that you guys resolved it quickly.

Loso: So Mayfair is a DAO that provides us a new kind of investment product identified as DTFs. Talk to us about DTFs, what they are, and how they bring a new innovative front to DeFi.

Stratus: Mayfair is a DAO that governs a set of tokenized investment funds, bringing a new class of investment products to the DeFi ecosystem. These investment funds are called DEX Traded Funds - DTFs for short. Covering a wide variety of crypto narratives, it will allow users to have exposure on whole markets like AI, LSD, Meme tokens, etc.

Loso: Nice! So are these similair to ETFs in the sense that they follow a set balance in weights within investments in the fund?

Stratus: Absolutely they are the Crypto ETFs.

Loso: Great to hear that. So how does the protocol go about deciding how these funds are formed, the names involved, and how frequently they are rebalanced? As we all know, crypto is a rapidly changing industry so as time goes on, the dynamics of the names in the funds can change rather quickly.

Stratus: As of right now these funds are being chosen with near equal weights by our team and through the feedback of our community. They are rebalanced pretty frequently, we're talking minutes.

With time we'll have onboarded qualified individuals to craft unique, volatile, and stable assets for everyone's wants. Additionally, Mayfair will also feature Community DTFs down the line that will be crafted in real time by users.

Loso: By the minute is insane (in a good way). Are these rebalancing mechanisms automated?

Stratus: Absolutely, they'll be automated.

Loso: Great to hear. Moving forward, are the underlying assets used as liquidity for trading as well? How does spot and perp trading work in to the product?

Stratus: The Perpetual Exchange is being worked out now, so I would rather not provide detailed information on it as it maybe subject to change, but here is what I can disclose: Spot trading will allow you to swap DTFs and a handful of tokens like stables, ETH, and BTC. The Perp DEX will be powered by mDTF which will work similar to GLP from GMX Protocol, allowing you to Short/Long DTFs.

Loso: Interesting, so the trading is of the actual DTF shares rather than their underlying. Very innovative. mDTF is the staked version of a DTF. What does staking a DTF unlock for a user?

Stratus: mDTF is the pool token that has all of the DTFs, USD, and ETH to power the Perp DEX (that is soon to land in Mayfair). Staking your DTF to acquire an mDTF will earn you protocol fees and $MAY emissions similar to a GMX model.

Loso: Interesting. As an mDTF holder, do I potentially lose on the upside of my DTF as I would if I added ETH to GLP?

Stratus: It goes both ways. Whether your DTF goes up or down, you would not be affected, but rather the pool. However, Mayfair will also have other options for those who would like to earn on top of their DTFs with other staking options.

Loso: Love the utility and the different options for users. Seems like a very well thought out product, sweet. Appreciate that, coming from someone who analyzes projects all day.

Loso: Let's move on now to your native token $MAY. What is the utility of the token and what do you aim to accomplish with it?

Stratus: $MAY is the protocol token that allows you to earn emissions and protocol fees through staking it in the staking section of Mayfair. Additionally, $MAY is featured in every pool as a minuscular 5% allocation. This gives MAY token a real definition of success with the success of the protocol’s DTFs.

Loso: Great. We love tokens that earn real yield. What are the terms around staking? Is there a lock involved?

Stratus: Staking has 0% fees and no lockups!

Loso: Before we wrap up, something of the utmost importance in crypto would be security. What measures do you have in place to assure user security? How have you conducted audits?

Stratus: Currently our audits are on the way. However, something I would like to assure the public about our DTFs is that we are leveraging a large and reputable protocol. More details in the upcoming days! So there are no fears there. Our team is qualified and testing is done rigorously. Safety is held to the highest standards!

Loso: Perfect. Hope to hear more about this in the coming days. Are you able to disclose the firm in which is conducting the audit?

Stratus: Currently, we can't. There will be more details soon, we always try to provide clearance and updates as soon as we can.

Loso: Is there anything about your protocol you want to leave us with that we havent covered? What sets Mayfair apart from it's competitors?

Stratus: You've been great covering all Mayfair's features and details! I'll leave you with this - Mayfair is currently the most active DTF mover in the entire crypto market and the only one in Arbitrum. Not only that, but Mayfair's Perp DEX will be the first of its kind, allowing users to Leverage entire sectors of crypto! Now imagine if you could craft your own DTF with your own tokens and allocations, then Leverage them?

Mayfair is the Endgame of PerpDEX's. ;)

Loso: Love that! The fact that users can trade those positions is a game changer. Thanks for taking the time. Truly appreciate speaking with you guys and wish the protocol tons of success.

Stratus: Absolutely, been a pleasure!

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