Shirley：Could you tell us about yourself?
可以请您做下自我介绍吗？
Jorge：I'm Jorge, I have been dedicated to blockchain for years and have participated in many projects. Among them ETHereum, komodo, pledgecamp ETC.
大家好，我是Jorge。我进入这个行业很多年了，期间参与过Ethereum、Komodo、Pledgecamp等多个项目。
I find the growth of China very interesting in terms of blockchain and how they are leading the creation of networks and DeFi projects.
我发现中国的区块链发展特别引人注目，他们目前在DeFi等领域保持领先。
Shirley：When did you first time know about blockchain and why did you choose to enter this field?
你第一次听说区块链是什么时候？是什么原因让你决定进入这个行业？
Jorge：I have been since the beginning of Bitcoin, in 2010 I already read Satoshi's white papers and it was a world that fascinated me. Decentralization returns economic power to the people.
我从比特币诞生的早期就进入这个行业了。2010年，当读到中本聪的比特币白皮书时，我发现那是一个特别奇妙、特别吸引我的世界。去中心化的区块链真正地将经济金融的力量，赋能给大众。
Shirley：What is your opinion on Defi?
您怎么看DeFi？
Jorge：In short, DeFi is a tool that allows us to make traditional banking systems decentralized, preventing regulatory entities from abusing your privacy and rights. All this from open source that people can review and understand.
简单来说，DeFi是将传统银行系统去中心化的工具，可以抗审查，防止我们的财务隐私和权益被侵犯。项目的代码也都是开源的，因为公开透明，大家可以鉴别优劣，放心地使用。
DeFi lets the people regain control of their money.
DeFi让人们真正掌控自己的资金。
Shirley：What's SKT?
能和我们介绍下什么是SKT吗？
Jorge：Swibank is an open-source decentralized (DeFi) cryptoasset based in ethereum.
SwiBank是一个基于以太坊的开源DeFi项目。
The system is locked in by collateralized digital assets, contracts, and can lend Flat currency assets or other data assets.
用户可以在这个系统中，通过智能合约，抵押自己的数字资产，并借出法币数字资产。
At present, the value of digital assets has not been widely recognized by traditional financial institutions, digital asset holders are difficult to directly obtain the circulation value of digital assets.
目前来说，数字资产的价值还没有得到传统金融机构的广泛认可，所以持有者还很难直接捕捉到资产的流通价值。
SwiBank aims to create a lending platform with digital assets as a pledge, with holders enjoying a dividend in digital asset appreciation while getting easy, safe and lowcost loans.
SwiBank旨在创建一个以数字资产为抵押的借贷平台，用户在获得便捷、低成本的贷款的同时，还可以享受资产增值带来的分红。
Shirley：What's the benefit of holding SKT?
那持有SKT的好处有哪些？
Jorge：Holders will have monthly profits enjoying monthly dividends and increasing their bags.
SKT的持有者每月都会获得分红，资产获得增值。
Shirley：What is the Stable coin SSC?
什么是SSC稳定币？
Jorge：Is a soft-anchored dollar asset-backed cryptocurrency, which is issued in a non-centralized and unbiased way.SSC是一个软锚定美元的加密货币，通过非中心化、公平的方式发行。
SSC has been issued on the Ethereum blockchain and some other popular blockchain，Holding SSCs requires a cryptocurrency wallet or crypto-asset platform.
SSC已经在以太坊等大型公链上发行，如果你想要持有SSC，请下载相应的加密货币钱包或平台。
SSCs have low thresholds for generation, access, and use.
SSC持有门槛低，使用方便，对所有人都开放。
Users create SSCs by using the SwiBank protocol to create a "SwiVault" smart contract and deposit assets. This process is not only the process of SSC into the circulation area, but also the process of users obtaining mobility.
用户可以通过SwiBank协议，创建“SwiVault”智能合约并向其中存入资产来生成SSC。这个过程不仅为SSC创造流动性，更为用户提供了资产机动性。
In addition, users can buy SSCs from intermediaries or exchanges, or, more simply, if they are willing to accept SSC to pay.
此外，用户也可以在交易所或中介处直接购买SSC。当然，有机构愿意支持SSC支付更好。
Whether you generate, buy or receive SSCs yourself, they are no different from other cryptocurrencies: you can send SSCs to others, use them to buy goods and services, or even transfer SSCs to savings accounts through a SwiBank protocol feature called SSC Deposit Rate, SSR.
无论你的SSC是自己生成的、买的还是别人转过来的，它们都和其他的加密货币一样：你可以把SSC转给他人，或用来购买商品/服务，甚至是将SSC存入SwiBank协议的SSC Deposit Rate（SSR）。
Every SSC in circulation is endorsed by excess assets - the value of collateral is always higher than the value of SSC debt - and all SSC transactions are publicly visible on the Ethereum blockchain.
流通中的每一枚SSC都有相应的资产背书——抵押品的价值永远高于SSC债务的价值——这一点你可以通过公开透明的以太坊浏览器来确认。
Shirley：What are the functions of SSC?
SSC有哪些功能？
Jorge：• Value storage.
• The medium of exchange.
• The unit of account.
• Deferred payment standard
价值存储，交易媒介，计价单位和支付标准。
Shirley：What is the Swibank governance?
SwiBank的治理设计是什么样的？
Jorge：Each SwiBank vault (e.g., ETH vault) has its own unique set of risk parameters, which are mandatory.
每一个SwiBank金库都有其特定的必需的风险参数设置。
These parameters are determined on the basis of a risk prediction of collateral and are directly decided by the SKT holder.
以下是SwiBank金库的主要风险参数：
The following are the main risk parameters of the SwiBank vault:
• Debt Ceiling: The debt ceiling is a guarantee that generates a total debt ceiling.
·债务上限：它决定了系统所生成的债务总价值的上限。
SwiBank Governance sets a debt ceiling for each collateral to ensure that the collateral portfolio of the SwiBank agreement is sufficiently diverse.
SwiBank治理系统为每一个抵押品设置了债务上限，以确保整体的抵押品组合充分的多元化和分散化。
Once a SECurity has reached the debt ceiling, it is impossible to generate more debt unless a user has repaid some or all of its vault debt (thus freeing up the debt space).
当某一资产触及了它的债务上限，系统就无法生成更多的债务，除非有用户偿还部分或所有债务（以释放债务空间）。
Stability fee: Stability fee is annual interest calculated based on the number of SSCs generated by a vault (for users who generate SSCs, the stabilization rate is equivalent to the annualized interest rate on the loan; for The SwiBank agreement, the stabilization rate is 30/42 equivalent to the annualized rate of return). The stability fee can only be paid by SSC and sent to The SwiBank Buffer.
稳定费：稳定费是基于金库生成的SSC的数量来计算的年化利率（对于生成SSC的用户而言，稳定费率等于贷款年利息；对于SwiBank系统而言，稳定费率等于年化收益的30/42）。稳定费率只能通过SSC向SwiBank Buffer支付。
• Liquidation Ratio: A lower liquidation rate means that SwiBank governance has lower expectations of price volatility of collateral, and a higher liquidation rate means a higher expectation of price volatility.
·清算比例：较低的清算比例意味着SwiBank治理系统对抵押品的价格波动有较低的预期，同理，较高的清算比例意味着对价格波动有较高的预期。
• Liquidation Penalty: Liquidation penalty is an additional fee charged to the user on the basis of the total amount of the outstanding SSC in the vault at the time of liquidation. Liquidation fines are designed to encourage vault owners to maintain the pledge rate at an appropriate level.
·清算惩罚：清算惩罚是用户需要额外支付的费用，费用取决于清算时未偿还的SSC数量。清算惩罚是为了鼓励金库所有者将抵押率维持在一个合理的水平。
• Collateral Auction Period: The maximum auction time for each SwiBank vault is specific. Debt auction period and surplus auction period are the overall parameters of the system.
·抵押品拍卖阶段：每一个SwiBank金库的最长拍卖时间都是特定的，债务拍卖阶段和延长拍卖阶段都是系统的参数。
• Auction duration: The minimum duration before the end of a single auction.
·拍卖时长：单个拍卖的最短拍卖时间。
• Auction Step Size: This risk parameter is designed to motivate early bidders in auctions and prevent the proliferation of too low mark-ups.
·拍卖起步增价：该参数是为了激励早期竞拍者，并防止增价过低。
Shirley：Risks and mitigations for governance?
治理系统是如何应对风险？
Jorge：In order to maintain the successful operation of the SwiBank protocol, SwiBank governance requires the necessary risk mitigation measures. Some of the risks and corresponding mitigations are described below.
为了良好稳定地运营SwiBank协议，SwiBank这里系统采取了一系列必要的风险应对措施。以下是部分风险和措施的陈述：
Malicious participants launch malicious attacks on smart contract infrastructure.
恶意用户对智能合约基础设施发起攻击。
One of the biggest risks to the SwiBank protocol is malicious actors. For example, a programmer discovers a vulnerability in a 31/42 deployed smart contract and then exploits it to attack the protocol or steal assets from the system.
SwiBank协议面临的最大风险之一是恶意攻击。比如，一个开发者发现了31/42的已部署合约中存在漏洞，并加以利用，从系统中盗取资产。
In the worst-case scenario, all decentralised digital assets that act as collateral in the agreement will be stolen and cannot be recovered. Mitigation: The SwiBank Foundation's first priority is to maintain the security of the SwiBank protocol, which is the strongest line of defense for formal verification.
在最极端的情况下，所有的去中心化抵押平台的资产都会被盗取，并且永远无法追回。措施：SwiBank基金会的首要任务就是保障SwiBank协议的安全，部署形式验证。
The SSC code base is the first formally validated, decentralized application code base. In addition to formal system validation, secure audit contracts, organizational third-party (independent) audits, and Bug Bounty programs are all swiBank Foundation security roadmaps with top security organizations in the blockchain industry.
SSC的代码库是第一个经过形式验证的dApp代码库。除此之外，秉承安全第一的原则，SwiBank基金会的路线图包含了合约的安全审计，第三方审计，赏金计划。
Access swiBank's multi-guaranteed SSC security report Github Library to view formal verification reports and audit reports on SwiBank protocols. These security measures form a powerful defense system; Even if formalized, mathematical modeling of expected behavior can be problematic, or assumptions about expected behavior itself may be wrong.
您可以通过Github访问SwiBank的SSC安全报告和多方出具的审计报告。这些安全措施将是系统的强力壁垒。但即使经过形式验证，预期行为的数学建模仍可能存在问题，对预期行为的假设本身也可能不成立。
Shirley：What is System Stabilizer Module?
什么是系统安全模块（SSM）？
Jorge：The System Stabilizer Module's purpose is to correct the system when the value of the collateral backing SSC drops below the liquidation level (determined by governance) when the stability of the system is at risk. The system stabilizer module creates incentives for Auction Keepers (external actors) to step in and drive the system back to a safe state (system balance) by participating in both debt and surplus auctions and, in turn, earn profits by doing so.
系统安全模块是为了在抵押品的价值触及清算阈值时，矫正系统而设计的。系统安全模块将通过经济激励来引导拍卖管理员（外部人员）参与债务和延长拍卖，以此矫正系统。
Shirley：How will be the token allocation?
SKT代币将如何发行？
Jorge：Total issuance of SKT: 100 million The distribution method is as follows:
SKT总量1亿枚，发行方案如下：
Community governance fund: 65%, used to encourage community voting and governance activities;
社区治理基金：65%，以激励社区的投票和治理行为。
Founding team: 10%
创始团队：10%
IEO: 5%
IEO：5%
Private equity share: 10%
私募：10%
User expansion: 10%, used for rewards for new users entering ecological applications, etc.
新用户开发：10%，将作为经济激励吸引新用户进入SKT生态，等。
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