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Showing 9 of 9 results by hapticfinance
Re: Haptic - Plagiarizing Medium Article (essentially their WP)... with slight adjus
LOL. Elysian Finance is also involved in this shady scheme? Both project had bounties under julerz12 management, and after this topic, they suddenly got some issues with manager. Both projects are caught violating rules. To me this is enough to tag as “better avoid”, if such childish problems already appear on such early stage. Futher it goes, worse it will be.
From what I can gather, julerz12 took a swift and justified decision by withdrawing himself from a project under an active accusation the instance it came to his awareness. On his defense (stated on his bounty group) it's against his policy to works with questionable ethic that's violate forum rules: plagiarism. And I'll have to strongly agree with this decision, it's an even more questionable ethic for a BM if they continue on working with a project that's proven to violate forum rule. Far as I know, julerz12 is more than willing to re-cooperate once the accusation cleared --which, by the way, I think we have to be satisfied with the classic final words of the defeated, "If you want to insist with your narrative, go ahead." because Haptic didn't give their rebuttals even though they're online today, I'll wait for two more days before concluding that they admit the plagiarism and tagging their account.
In retaliation to this, Elysian Finance --the same dev with Haptic-- kicked him out from their contract by reason that julerz12 unilaterally terminate his employment with Haptic. Ironically, they themsleves were unilaterally terminate their contract with the BM. On their defense, they tried to negotiate with julerz12 but couldn't meet at middle point. From julerz12 side, there's not much of a negotiations. I think we can judge which side is true to their words, given one side deleted their statement immediately.
I would love to do a DD on Elysian, but given their published documents are beyond minimal, and their website didn't contain anything that can be researched --which, those characteristics itself speaks volumes of the quality of their project-- there's not much I can do to prove whether the project worth investing or not, although i leaned toward the later.
If you read the Medium article, instead of focusing on automated tool results, you will learn about the original ideas presented with the project. The mechanism is a spin-off of the Synthetix protocol, minus the synthetic assets part. The project earned an official mentorship from industry veterans, after several long sessions of direct talks with the team. We understand your focus on unveiling scams and projects that can be detrimental to the community in general, but Haptic is not one of those. We used a bit of rephrased text from the paper you mentioned, because it is particularly effective in describing the different kinds of AMM and that is not the focus of the document nor the work itself. The team is focused on development, follow our org on Github to keep track of our efforts.
Re: Haptic - Plagiarizing Medium Article (essentially their WP)... with slight adjus
Hello,
We appreciate the investigative work done by the community and we think it's very important to maintain a clean ecosystem. Our Medium launch article is a shortened version of our upcoming whitepaper, which is heavily influenced by the academic literature and references it properly. Some phrasing might be directly inspired by the influential "the Homogenous Properties of Automated Market Makers". Our presence on Telegram, as we only have an announcement channel. Our main focus is on Discord. General lack of information is due to the fact that the project is in its early phase. We are available to clarify any misunderstanding.
We appreciate the investigative work done by the community and we think it's very important to maintain a clean ecosystem. Our Medium launch article is a shortened version of our upcoming whitepaper, which is heavily influenced by the academic literature and references it properly. Some phrasing might be directly inspired by the influential "the Homogenous Properties of Automated Market Makers". Our presence on Telegram, as we only have an announcement channel. Our main focus is on Discord. General lack of information is due to the fact that the project is in its early phase. We are available to clarify any misunderstanding.
At least you admitted and acknowledge that the article is written by yourself and you have ful awareness of the content, it's not the work of a freelancer who copy and paste articles without your knowledge etc. etc.
With that established, that you deliberately copied the content, two things that I think we can all agree. One, it's a --probably written somewhere-- rule that plagiarizing content is heavily frowned upon on this forum. The scam accusation board filled with these cases and most of them didn't ends well as most project who plagiarized contents from others would ends up as scam. It breaks down to the fact that if you really serious wit your project, you'll put efforts on it. Tl;dr: you won't plagiarize.
Two, i think anyone that ever had the privilege to get a higher education would know there is a difference(s) on "heavily influenced" and "intentionally copying". A project that's heavily influenced by older project could have the same theme or same features, but it doesn't mean they'll have the same wording. Your project, however, seemingly to deliberately change wordings, delete and remove a section or two --read: extremely poorly paraphrasing-- to make it rather difficult for plagiarism checker to find the similarities.
As for your claim that your project is in early phase, allow me to bring "exhibit F", a screenshot fromy our twitter page showing your account has been created since almost one year ago and publishes tweets in November. Were you saying that after one year, not only you're failed to make a significant milestone worth announcing and a website with adequate info, you also could only publish a paper which steal, oops... i mean "influenced by" content from a published article without even giving the authors credits? How is this showing credibility?
Like we mentioned, the Medium article is only a surrogate of the original publication, which hasn't been shared publicly yet. We are big fans of the paper mentioned and references will be clear (and due) on the final publication. We never meant to elude plagiarization detectors by employing the writing style you see throughout the Medium article. Again, we acknowledge that some parts are very similar to the document you mention as a reference, the scope of which is to describe the mathematical properties of various existing AMM algorithms. Haptic is about reducing the impact of impermanent loss, and we produced plenty of original content and smart contract code. Our Twitter account exists since a while, but the project was conceived last summer and we started developing it under the #L222 mentorship program, starting in January 2022.
Re: [ANN][DeFi] Haptic - Increase capital efficiency and reduce impermanent loss
plagiarism detected
Hi, I take a look at your medium page, which --it seems to me-- works as your litepaper and I find them copying materials from a published paper back in 2020. I'll appreciate if you can give an explanation here
Hi,
We replied to the misunderstanding on the accusation thread.
Re: Haptic - Plagiarizing Medium Article (essentially their WP)... with slight adjus
What happened: Plagiarizing their published Medium article which essentially works as their mini whitepaper
Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=3453444
Scammers Website: https://haptic.finance/ | archived
Scammers ANN thread: https://bitcointalk.org/index.php?topic=5390207.0 | archived
Plagiarized Documents: medium page | archived
Original source: "The Homogenous Properties of Automated Market Makers"
Additional notes:
They seems to prefer discord as their means of communication. Being not a discord guy myself, I can't check how's the discussion happened there. Their official telegram is effectively non functional with zero update since the creation date, though. Same fate happened to their website which literally lacking of any useful info. No company profile, no team, just a page listing their social media.
Some screenshot for easy view:
]
Edit: notifying and inviting dev through their ann thread
Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=3453444
Scammers Website: https://haptic.finance/ | archived
Scammers ANN thread: https://bitcointalk.org/index.php?topic=5390207.0 | archived
Plagiarized Documents: medium page | archived
Original source: "The Homogenous Properties of Automated Market Makers"
Additional notes:
They seems to prefer discord as their means of communication. Being not a discord guy myself, I can't check how's the discussion happened there. Their official telegram is effectively non functional with zero update since the creation date, though. Same fate happened to their website which literally lacking of any useful info. No company profile, no team, just a page listing their social media.
Some screenshot for easy view:
]Edit: notifying and inviting dev through their ann thread
Hello,
We appreciate the investigative work done by the community and we think it's very important to maintain a clean ecosystem. Our Medium launch article is a shortened version of our upcoming whitepaper, which is heavily influenced by the academic literature and references it. Our presence on Telegram, as we only have an announcement channel. Our main focus is on Discord. General lack of information is due to the fact that the project is in its early phase. We are available to clarify any misunderstanding.
[ANN][BOUNTY] Haptic -Increase capital efficiency and reduce impermanent loss
Welcome to Haptic Finance official bounty campaign
Everyone is invited to join and help us grow a large and strong community
| Test spacing this |  | Test spacing this |  | Test spacing this |  | Test spacing this |  |
Bounty fund: 250,000 HAP tokens.
Start date: Monday, 21 March. 2022
Duration: 90 days
To get your bounty award you will need an Ethereum wallet that supports ERC20 tokens. Do NOT use an exchange wallet.
We recommend Metamask, get it at https://metamask.io/. Visit this page for a comprehensive list of wallets: https://ethereum.org/en/wallets/
You will receive stakes as a reward for performing certain actions. Stakes will be converted into tokens with the following formula :
Reward = (total number of tokens / total number of stakes) * number of your stakes
Tokens will be distributed to participants’ wallets within two weeks of the end of the token generation event.
General conditions, valid for ALL campaigns
- Mentioning bounty program is not allowed.
- Using multiple accounts, spam, bots and so on is not allowed, users engaging in any of these activities will be permanently banned.
- You are required to keep safe your access credentials to the wallet that was specified at registration, you will not be able to change it afterward.
- We reserve the right to adjust the conditions of the bounty campaign at any time. Keep an eye on this topic for updates.
- Some campaigns have a limited number of participants and will stop accepting registrations at some point.
For any question regarding the Bounty campaign please join our Discord channel https://discord.com/invite/8wmMNHXK3E
Twitter Campaign
Rewards:
• 250+ followers : 1 stake per week
• 750+ followers : 2 stakes per week
• 1500+ followers : 5 stakes per week
• 10.000+ followers: 10 stakes per week
How to join:
• Follow us at https://twitter.com/haptic_Finance
• Participants must post using mandatory hashtag #hapticFinance and at least two picked from: #DeFi #ETH #Ethereum #Crowdsale
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Twitter profile url =
Rules:
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• You must have over 100 real friends or followers
• If you don't fill out the form every week you will be disqualified.
• Don't fill the form twice to avoid being disqualified.
• Report should contain at least 5 retweets/reposts and at least 1 own tweet/post
-----> Accepted Participant List <-----
Translations Campaign
Rewards:
• Translation of ANN thread+Bounty Thread: 200 Stakes. https://bitcointalk.org/index.php?topic=5390207
• Moderation/Management: 1 Stake per Valid Post.
How to join:
• Apply through the form linked below and wait for the approval.
• After being approved and completing the translation, post in this thread with a link to the translated thread.
-----> Fill the form to Join <-----
Rules:
• Translators/Moderators must update their thread at least 3 times per week.
• Spam post will not be counted.
• All languages are accepted.
• No computer-aided translations, e.g. Google Translate, etc.
-----> Accepted Participant List <-----
Create a quality video presentation
Rewards:
• Good quality: 100 Stakes
• Medium quality: 70 Stakes
• Normal quality: 40 Stakes
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Please post in this thread the following :
Code:
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Video url =
Video url =
General rules:
• Low-quality videos will not be accepted.
• Video must be at least 2 minutes long, shorter videos will not be accepted.
• Video description must have a link to the official website: https://haptic.finance/
• To prove ownership, your Bitcointalk profile must be added to the video description.
Youtube rules:
• The quality check will be based on youtube statistics and SocialBlade.
• Do NOT fake subscribers and views.
• Minimum number of real views (during bounty): 100
-----> Accepted Participant List <-----
Write an article on your blog or website
Rewards:
• Good quality: 100 Stakes
• Medium quality: 70 Stakes
• Normal quality: 40 Stakes
-----> Fill the form to Join <-----
Please post in this thread the following :
Code:
Bitcointalk profile url:
Blog url =
Blog url =
Rules:
• Low-quality articles will not be accepted.
• Article must be genuine. You can use official images, logos, graphics posted on the website, ANN thread, Facebook, and Twitter.
• Articles must be 500 words or longer to be accepted.
• Article must have a link to the official website: https://haptic.finance
• Medium, Steemit, Newbium, and other free blogging platforms are allowed but only one post will be accepted per user.
• To prove ownership. you must add your bitcointalk profile link to your blog posts.
Rules for Steemit, Medium, Golos, telegra.ph
• Content must be original, it will be checked with antiplagiarism tools.
• Your blogs should have real subscribers and views.
• Your articles should be beautifully decorated and divided into paragraphs and headings. It is advisable to draw a conclusion at the end of the article.
Rules for websites:
• Websites must have actual traffic.
• Content must be original.
• Websites will be checked against Alexa-rank. We could demand to see statistics.
• Site statistics acceptable are Google Analytics, Alexa Rank, and Yandex Metrika, no third-party or custom counter.
-----> Accepted Participant List <-----
Follow our official Medium page
Follow our official Medium page: https://medium.com/@hapticfinance
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Bitcointalk signature campaign
Rewards:
• Jr Member: 8 Stakes per week
• Member: 15 Stakes per week
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HAPTIC FINANCE | Increase capital efficiency and reduce impermanent loss
https://haptic.finance/
https://haptic.finance/
Code:
[center]HAPTIC FINANCE | Increase capital efficiency and reduce impermanent loss
https://haptic.finance/[/center]
https://haptic.finance/[/center]
Member:
HAPTIC FINANCE Increase capital efficiency and reduce impermanent loss ▬▬▬▬▬▬▬▬▬ Composable finance
◥ Github ◥ Telegram ◥ Twitter ◥ Discord Trustless and decentralized
❱❱❱ JOIN Haptic Finance ❰❰❰ Borrower or Staker? Discover the benefits
◥ Github ◥ Telegram ◥ Twitter ◥ Discord Trustless and decentralized
❱❱❱ JOIN Haptic Finance ❰❰❰ Borrower or Staker? Discover the benefits
Code:
[center][url=haptic.finance]HAPTIC FINANCE[/url] [url=haptic.finance]Increase capital efficiency and reduce impermanent loss[/url] ▬▬▬▬▬▬▬▬▬ [url=haptic.finance]Composable finance[/url]
[u] ◥ [url=https://github.com/hapticFinance]Github[/url] ◥ [url=t.me/hapticfinance]Telegram[/url] ◥ [url=https://twitter.com/haptic_Finance]Twitter[/url] ◥ [url=discord.com/invite/8wmMNHXK3E]discord[/url] [/u] [url=haptic.finance]Trustless and decentralized[/url]
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❱❱❱ [url=haptic.finance]JOIN[/url] [u][url=haptic.finance]haptic Finance[/url][/u] ❰❰❰ [url=haptic.finance] Borrower or Staker? enjoy protection and yields[/url] [/center]
Full Member:
HAPTIC FINANCE Increase capital efficiency and reduce impermanent loss ▬▬▬▬▬▬▬▬▬▬▬▬▬ Trustless and composable
◥ Github ◥ Telegram ◥ Twitter ◥ Discord Borrower or Staker? I/L protection and constitent APY
◥ Github ◥ Telegram ◥ Twitter ◥ Discord Borrower or Staker? I/L protection and constitent APY
Code:
[center][font=ARIAL BLACK][url=haptic.finance][color=#2d4a66][color=#33429a]HAPTIC FINANCE[/color][/font] [font=FRANKLIN GOTHIC MEDIUM][url=http://haptic.finance][color=#2d4a66][color=#33429a]Increase capital efficiency[/color] and reduce impermanent loss[/font] [color=#9c9c9c]▬▬▬▬▬▬▬▬▬▬▬▬▬[/color] [font=ARIAL][url=haptic.finance][color=#2d4a66]Fully reserve backed [color=#33429a]stable assets [/color][/font]
[color=#9c9c9c][/color] [font=ARIAL BLACK] [color=#9c9c9c][u] [color=#33429a]◥[/color] [font=CENTURY GOTHIC][url=https://github.com/hapticFinance][color=#9c9c9c]Github[/font] [color=#33429a]◥[/color] [font=CENTURY GOTHIC][url=t.me/hapticfinance][color=#9c9c9c]Telegram[/font] [color=#2d4a66]◥[/color] [font=CENTURY GOTHIC][url=https://twitter.com/haptic_Finance][color=#9c9c9c]Twitter[/font] [color=#2d4a66]◥[/color] [font=CENTURY GOTHIC][url=discord.com/invite/8wmMNHXK3E][color=#9c9c9c]Discord[/font] [/u] [font=ARIAL][url=haptic.finance][color=#33429a]Borrower or Staker?[/color] I/L protection and constitent APY[/font]
[/center]
[color=#9c9c9c][/color] [font=ARIAL BLACK] [color=#9c9c9c][u] [color=#33429a]◥[/color] [font=CENTURY GOTHIC][url=https://github.com/hapticFinance][color=#9c9c9c]Github[/font] [color=#33429a]◥[/color] [font=CENTURY GOTHIC][url=t.me/hapticfinance][color=#9c9c9c]Telegram[/font] [color=#2d4a66]◥[/color] [font=CENTURY GOTHIC][url=https://twitter.com/haptic_Finance][color=#9c9c9c]Twitter[/font] [color=#2d4a66]◥[/color] [font=CENTURY GOTHIC][url=discord.com/invite/8wmMNHXK3E][color=#9c9c9c]Discord[/font] [/u] [font=ARIAL][url=haptic.finance][color=#33429a]Borrower or Staker?[/color] I/L protection and constitent APY[/font]
[/center]
Sr. Member and above:
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Code:
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[color=#33429a] Staker? [color=#33429a] earn [/color] consistent APY [/color] [/font][/right]
[font=Montserrat][url=haptic.finance][size=7pt][color=#2d4a66] Borrower? [color=#33429a] yield[/color] and impermanent loss protection[/color][/td]
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[td][right][size=7pt][font=Montserrat][url=haptic.finance][color=#2d4a66]Trustless[color=#33429a] and composable
[color=#33429a] Staker? [color=#33429a] earn [/color] consistent APY [/color] [/font][/right]
[font=Montserrat][url=haptic.finance][size=7pt][color=#2d4a66] Borrower? [color=#33429a] yield[/color] and impermanent loss protection[/color][/td]
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[font=Arial][url=haptic.finance][color=#2d4a66][b][size=8pt]JOIN [size=12pt]haptic FINANCE[/url]
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[ANN][DeFi] Haptic - Increase capital efficiency and reduce impermanent loss
Overview
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The haptic protocol is a system of smart contracts designed to increase capital efficiency and to reduce the impact of impermanent loss. Stakers lock Haptic network token (HAP) as a collateral, enabling the issuance of US dollar denominated debt. This pooled collateral model enables deep liquidity and eliminates the need for counterparts. Borrowers lock ETH collateral to obtain a stablecoin denominated loan from a third party procotol and the funds are used to provide liquidity on a external automated market maker platform. The protocol tracks impermanent loss and provides compensation to honest borrowers along with the majority of token swap fees generated by their liquidity. Stakers are rewarded for their role with staking rewards and a portion of the token swap fees. The system is built around composability principles and leverages existing protocols to achieve its functionality. |  |
Impermanent loss
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 | The price of an asset in a automated market maker (AMM) is the product of the reserves in a trading pair. Arbitrageurs are incentivized to exploit price differences between AMM and centralized markets by buying and selling assets from the smart contract, leveling the price and returning the market to the equilibrium state. Arbitrage can also happen between AMM and decentralized markets, even across different blockchains. In addition, blockchain extractable value (BEV) and predatory trades are becoming the norm in the DeFi space and they are a subject of study on their own. While current models preserve stability and retain liquidity, the cost of arbitrage equates to impermanent losses for liquidity providers relative to the true market price used by arbitrageurs. The losses are impermanent, because they are only realized if the liquidity provider withdraws liquidity during price volatility and they happen regardless of price direction. Given enough time, shifts in exchange rates could reverse the loss, or worsen it. Recently published studies pointed out that half of Uniswap liquidity providers are losing money due to impermanent loss. yearly distribution. |
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Haptic network token The Haptic network token (HAP) provides the collateral for the system and is used to compensate honest players and incentivize them to maintain their positions healthy. HAP grants stakers the ability to issue debt denominated in US dollars, proportional to the value of collateral locked. The protocol will lock and free collateral from the staker balance according to the global debt fluctuation. When a user wishes to release their escrowed HAP tokens, he mustfirst repay any outstanding debt. HAP is inflationary and the monetary policy will run across a five year period, increasing total supply from 100m to 250m, with yearly distribution. Afterwards, the protocol will switch to a flat 2.5% annual issuance rate. |  |
Roadmap
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| Q1/Q2 2022 | Q3 2022 | Q4 2022 |
| Community development Fundraise Protocol development Initial audit | Platform launch DAO launch L2 integration (Optimism) Extended audit | DeFi integrations Debt based primitives Multi-chain integration |
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Contact & Social links
| Official website | https://haptic.finance |
| Contact email | info@haptic.finance |
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