Find answers to frequently asked questions.
What is Mozaic Finance?
We are an Automated Asset Management Yield Generator that uses machine learning to accurately predict changes in price and APY in order to effectively manage your funds.
What is the goal of Mozaic Finance?
To provide an intuitive platform for people who wanted to participate in DeFi but are unsure how to get involved. We aim to make the DeFi experience as simple as possible for all of our users.
How does Mozaic work?
- Deposit USDC or underlying assets into a vault.
- The Mozaic Algo Archimedes will jump between each pool that has the highest yield on each platform, for each separate asset in the pool, every hour to ensure the user gets the highest possible return.
- If no new location shows a higher reward, the algo auto compounds.
- Rewards from other protocols are sold instantly and reused in the vault to compound rewards.
- Mozaic holders can withdraw whenever they want, only being charged 10% as a performance fee to help grow the Mozaic Protocol.
Who created Mozaic Finance?
Mozaic was brought to life in Sydney, Australia from a team of both quant and proprietary firm traders. We then teamed up with machine learning experts in California and software engineers in London.
Why would I use Mozaic Finance over a self-managed portfolio?
Mozaic Finance removes the decision-making aspect for the end-user. Using various mechanisms to streamline DeFi operations, thereby making yield farming more efficient by providing users with the best available terms.
While there are services that aim to do this, many are too confusing for the average user and have blown out reward schemes. Instantly owning a diverse cryptocurrency portfolio is now as easy as a few simple clicks. Mozaic aims to be an autonomous cryptocurrency-only portfolio composed by utilising an index strategy for yield farms.
What is the MOZ token?
The official token for Mozaic is the governance token MOZ. There will only ever be 2,000,000,000 (2 billion) MOZ in circulation and each MOZ token will entitle the holder to governance voting rights in the ecosystem. Additional utility for the MOZ token may be added by the DAO community.
What's next for Mozaic Finance?
Over time we plan to transition to a DAO so that the community can best decide how to use the funding and improve the ecosystem beyond what the core team is capable of. Developers will be able to submit proposals for potential dApps or ecosystem/infrastructure applications and, if approved, will get funds to help them deliver their vision.
After successfully launching on Avalanche network we will look to both expand our products as well as get ready for the Zksync launch. As both chains are EVM compatible and Archimedes is off-chain, we will be able to expand at a fast rate.
What's the cost of interacting with Mozaic Finance?
Interacting with the protocol requires transactions and transaction fees for Avalanche Blockchain usage, which depend on the network status and transaction complexity. There will be a 1% deposit fee, 1% withdrawal fee, and 10% performance fee on the yield generated (not 10% of the amount deposited).
What are the risks involved with using Mozaic Finance?
No platform can be considered entirely risk-free. Potential risks related to Mozaic Finance are the smart contract risk (risk of a bug within the protocol code), extreme downside volatility (potential to reduce the dollar value in our vaults), and inaccurate oracle price feeds that could impact the function of our algorithms.
Every possible step has been taken to minimize the risk as much as possible. Our code has been thoroughly tested and will continue indefinitely, a third-party audit will also be conducted as soon as possible.
Will there be an airdrop?
Airdrops are a great way to gain publicity and reward early users of the protocol. While there is no current plan in place we may consider it in the future.
When will Mozaic be live?
Mozaic aims to launch in Q2, 2022.
Will there be more vaults in the future?
As we are creating and innovative technology, to minimize risk we decided to only start with two vaults. Once we are happy with the results, we will branch out to cover every category on every chain.