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AirDrop, DEX progress, Koala Wallet, and more.
Recorded: Aug. 29, 2024 Duration: 0:31:40Space Recording
Full Transcription
Yeah.
you playing with me? Yeah, I don't know. Matias, can you hear me well? I can hear you, yes.
Yeah, okay. Amanda just said she's not muting me. Okay. Yeah, guys, so the claiming option is going
to be open very, very soon. Stay tuned. When we say in the community that it's going to be soon,
I really mean it. And you have to take into consideration that there's a lot going on in
the back end. And the airdrop is just one part of the whole picture. Okay, well, here we also have
Surly. So now I'm going to give you a bit of spotlight as well, because we've told you to
participate just yesterday. And thank you for finding the time. I know you're very busy. So
thank you for being able to make it today. I'm actually going to ask you about token 2049,
because lots of preparations are being made for it. And not just us, I've been talking to people in
my network. Everyone is looking forward to this event. And actually, we're going to have a booth
there. And we're going to have panelists and everything. How can you manage this with all
the work that you have? Yeah, I'm wondering it myself as well. Hi, everyone. I'm super glad to be
here. And yeah, we're I think this is the first ever event that we are hosting ourselves and in such a
large scale token 2049. From last year, remember, it was 10s of 1000s of people. And our conference
will be at the main event venue Marina Bay Sands. But it's also accessible for people without the official
conference passes. So we're expecting expecting a lot of people attending. And the main focus has
been going on securing tier one projects and representatives from C level to speak on our
panels and keynote sessions. And we're, of course, putting a huge emphasis on the projects that we are
already either working with closely, or we're trying to secure some kind of a partnership with.
And we have super interesting topics, which we can soon share more information about and it will be all
live streamed and recorded as well. So the guys who won't be able to make it in person are able to
still join virtually. And yeah, it's it's tough. But we're working long hours. And yeah, I mean, we're
we have to make it a success. And yeah, that's yeah. Can you I'm gonna put you on the spot with this one. But
can you drop some names of who's gonna be attending on our panels? Is that possible?
Yeah, so recently we announced a partnership and us joining with the ERC 3643 Association, the new
official RWA standard. And our event is focused on the define RWA. So that's why we named it
redefining the RWA space. And we have some people from so the association is represented there.
We have truflation that taps into the RWA narrative.
We have file ledger that we're closely working with as well. We had a spaces with them last Friday.
And I'm thinking Emergo, our longtime partner, Auschwitz Capital, decentralized confidential
computing alliance that we're also now part of, and many tier one names coming up soon. We're
announcing the partners throughout the week on our socials, up to the event in mid of September.
So follow follow our socials to hear more. Yeah. Well, thank you for that. Really looking forward
to it. And since I'm not going, I'm going to tune in virtually. And I will encourage everyone to do so,
because I believe you guys are going to share tons of high quality content, you know,
when the panels are happening. Okay, thank you for that. And well, talking about teams and products,
Koala wallet, we've been expecting expecting that one since January, I think, is it already functional?
Yeah, it's live since a week ago, or two weeks ago. I mean, that's something we've been working on
quite some time to be to be supported by a hardware wallet, right? So we announced the and we got live on the
ledger hardware wallet, but another missing element was a support on a mobile wallet. So that's now covered with Koala and Koala's team is, is actually
the coin army wallet team. And we're also hoping to get integration to coin army soon.
But we're also on the back end working with other tier one wallet port partners that do have a mobile wallet as well. And this partnership now with Koala gives us also access to wallet connect,
which is the second largest gateway or management solution for DeFi applications next to MetaMask.
And that is something which requires some in house deployment from our side, but we are now prioritizing that work as well, behind the scenes.
Yeah, I think that really highlights how much time these things actually take, because it's not just in house work that we're doing. We also rely on third parties.
And we're non EVM. So it's always a challenge to somehow get them to prioritize our deployment and integration as we're native Rust based chain.
There are so many EVMs out there that get prioritized in this fast pace, lucrative environment.
So it's, it's a tricky job, but we're not giving up on it.
Yeah, I know you're really fighting for it. Yeah, thank you for that.
And there's more to come. Actually, we have ZK Cross, and this is for you, Matthias, because you're working closely with them.
And another question in our community is when DEX. People want to trade NPC and want to on-ramp fiat. Do you have an estimated time for that?
Because I, yeah, I get that question a lot. And I think it's better for the community to hear from you.
Yeah, so I think that's a much better question than when ad drop distribution.
When DEX is really exciting. So we have this fantastic team called CK Cross, who is building sort of a cross-chain infrastructure where you can onboard tokens directly from fiat and other tokens to Partisia blockchain.
They're also building a native DEX on Partisia blockchain, so people can go in and create markets, they can provide liquidity, they can also go in and swap different assets eventually.
And we have a very good idea and timeline for them coming to deploy on our mainnet.
What's really exciting here besides is the DEX, which create markets and a lot of excitement for a lot of groups is that they're actually building a large part of the backend on Partisia blockchain with our MPC technology.
So they want to try to build a fully decentralized backend with privacy features that protects the users.
And that's really what the whole collaboration is about with Partisia blockchain, besides bootstrapping the DeFi and the markets on Partisia blockchain.
I would also like you guys to go to CK Cross community and directly to them and ask when DEX, because we are working a lot with them.
I'm working especially on the technical side with them. We are getting some good stuff out there.
We have things to test. We have smart contracts and so on.
And so we are coming close and please also go by CK Cross community to follow it on their side and ask questions.
Yeah, I'm going to go myself and spam them. Like, hey guys, when DEX, please, soon.
Yeah, it will be great if it happens before token 2049, but if it happens after, that's also good.
But just to add and feed some hype, we're not limiting just with CK Cross, so behind the scenes, we're also in talks with other builders and existing AMMs, Texas, to get integration with Partisia on them as well.
Of course, CK Cross is the first native one, but we're expanding the scope on the DEX side.
Yeah, so it's not just CK Cross, right?
And I'm truly not.
Yeah, it's not. What's important here is that it's not only DEX.
CK Cross is the team who is going to deliver the DEX, but we're also really starting to see some projects coming in and want to build lending protocols, liquid staking.
So then you sort of have a bunch of the well-known categories in the DeFi space.
And altogether for them, count that they have these ideas about building the backend with our MPC and our privacy technology, but also they want to leverage our interoperability model, which can come in so many interesting places in DeFi.
Imagine you have liquidity on different chains and you want to swap from one to another.
You still want to get the price guarantee that that's possible with our scalable AMM model, for example.
We're also working on ideas about, and very seriously with a team that we hope to get out there soon.
We're working about how can you sort of have collateral and lending on one chain and then borrow on another chain and manage the messaging and liquidation issues that comes in between that.
Wait, so let's take a step back.
You mentioned the scalable AMM.
Is this a unique feature to CK Cross?
The scalable AMM is a model that we developed.
It's spearheaded by Kurt Nelson, one of our leadership team members.
And it's all open source.
It's out there.
CK Cross, they were the first one to take it and configure it and build their decks based out of that.
But the scalable AMM is a fantastic model that really stands out in the market where you can operate liquidity pools across shards and across chains.
And then you can lock the liquidity inside different pools that's needed for a specific swap.
So that means that multiple users can actually come in and operate on the same liquidity in parallel by locking only the liquidity they need.
That's very different from the other decks models that we see out there, which is more sequential use.
And then we also have the privacy, of course.
And in decks, whether it's an AMM or order book style, this is really about preventing front running by preserving the privacy of the order book, right?
So you only reveal one, the most recent order at the time.
So nobody can look into all the orders and try to optimize a trade of front run based on that.
And that's super crucial because soon the regulation are also hitting up all the DeFi and DeX platforms.
So we're positioned well with that technology built in to our architecture.
Yeah, and that's also 100% the DeFi route we're going, which is going to increase usage of our chain.
It's going to attract users.
I personally think it's a very attractive product, so looking forward to test it myself.
Yeah, and the thing about now we only talk DeFi, right?
The products we are building and have built is very good for DeFi, but it's also very applicable to traditional finance.
And a lot of our founders and leadership have been working in that space before.
So if we look at real world assets, RWA, for example, traditional finance, they are starting to tokenize bonds and other financial instruments, derivatives, and so on, and put it on chain in private and public blockchains and so on.
And that market, especially the traditional finance, is hundreds of trillions of dollars.
And the models we are building and the work and innovation we do in DeFi ourselves and together with our partners can directly be applied on that new RWA market opportunity that's about to come.
And it's already growing faster than DeFi at this point.
Thank you for that.
And by the way, guys, for those who haven't joined, this is going to be recorded.
And I know many of you are working or you're busy or be able to listen to these spaces later on.
So, guys, thank you for joining.
Thank you for asking all the tough questions that I've asked you.
And now I'm going to let you go back to work and keep building and keep connecting partners and working on the 2049 event in Singapore.
Thank you guys for joining.
Cheers.
It was a pleasure.
Bye.
Bye.
Bye.
