☄️AMA - DeFi on Aurora - Prize poll: 1000 $AURORA ☄️

Recorded: Feb. 28, 2023 Duration: 1:37:01

Player

Snippets

all right you guys first of all welcome everyone now i want to go ahead and
and throughout there to say that I have sent out
a couple of requests for some speakers to Nikita,
Bastion, Trisolaris, Polaris DeX,
One Inch Network, C14, Origami, and Dodo DeX.
Please make sure to approve the speaker request.
So that way you guys can be added as a speaker.
Hey everybody.
Good morning.
What's up guys?
All right, Evie, I've also sent you out a request.
Hello Nikita, welcome.
All right, cool.
Looks like we're getting everyone added here.
Let's see if anyone else is not.
Oh, Origami, I see you there.
Origami, I'm gonna go ahead and send you an invite to speak.
All you got to do is click that you want it.
All right.
And we also have Techdurr.
Techdurr, you are also being sent a request
to be a speaker.
Hey everyone.
Hello Origami, it's really nice to have you here.
We're just setting up everyone as a speaker right quick
before we start.
All right, welcome Bastion.
Very nice to have you here.
Very cool that you have accepted my speaker request.
Thanks for having me.
All right, are you guys ready to get to rockin'
and rollin' on this AMA?
Ready, sir.
Let's do it, let's get started.
All right guys, let's go ahead and get started.
First of all, hello everyone.
I wanted to say thank you guys so much
for being here today.
Now, I'm so glad that all of Aurora's top DeFi project
representatives are here.
It's gonna be an exciting big meeting.
Our RIPPA and Polaris was absent due to illness.
So unfortunately, RIPPA and Polaris
are not going to be here with us today.
They were unable to participate, which is kind of a pity,
but no worries guys, we still have a lot of people
ready to rock and roll and it's gonna be great.
It's gonna be great today.
We have Aurora to accompany us as well
and to organize this AMA.
Now, we can go ahead and start off this AMA
about DeFi now in general and DeFi on Aurora.
So let's go ahead guys and get to goin'.
Now, question number one of the night
is one of the most convenient choice
for traditional centralized finance industry.
In the time facing limits on liquidity is
they have a human team for business development.
Sale financial service that they provide
and some education marketing for new client users
to perform a direct sale and B2B pitching sale
or scale of business.
In similar case of DeFi or Web3 Finance,
do you have a plan on construction of marketing
and business development to grow more activities
attracting ventures and financial groups,
also small and large corporations
and bring them to crypto by meaning,
my meaning is B2B development for DeFi
and I hope that you guys can brainstorm
and discussion form all of DeFi projects.
All right, that first person who's gonna be able
to answer that is going to be Bungie.
Oh, I think he's set to listen.
All right, Bungie.
Bungie, are you here with us?
Yeah, I see Bungie, but they're not up here as a speaker.
Oh no, all right, let's go ahead
and jump back over to Polaris Finance.
Now, that question was quite a lengthy question,
so it's understandable if you guys want
to have some parts repeated.
So Polaris Finance, would you like to answer that question?
I don't think Polaris Finance is here.
Okay, let's go ahead and jump over to Dodo.
Is Dodo here with us?
I don't think.
No, Dodo is not here with us too as well.
All right, then let's go ahead
and jump back over to One Inch.
One Inch, are you here with us?
I think they're all listeners.
Oh, okay, okay.
So I'm just gonna go ahead and jump over to our speakers
because I can see that there's not as many people
as I thought maybe, okay.
All right, so let's go ahead and jump over to Origami.
Origami, could you be the first person
to answer that question for us?
Yeah, sure, I'll take a step.
So hey everyone, it's EY here, co-founder of Origami.
So regarding the question that you have
for business development,
we definitely do see a need for defined projects for that.
For the Origami side, we have a dedicated team
that looks after marketing and bidding separately.
Marketing from the perspective of reaching out to the masses
and ensuring that we tap into a different ecosystem
and different kind of like narrative that's going on.
And on the BD side to speak
to all the other amazing DeFi project that's happening
and find ways to collaborate and build onto each other.
So yes, it's definitely a must to have,
in our opinion, it's a must to have a strong BD
and marketing team to help the DeFi projects to grow.
All right, coming in hot with that awesome answer.
Thank you so much, Origami.
Now we're going to jump back over to C14.
Now C14, did you have an answer for that question as well?
Yeah, I would say it's definitely a different world.
We live kind of halfway between TradFi and crypto
and in the sense that we're essentially a bridge
from traditional finance to crypto.
So we kind of do a little marketing in both worlds
since we have investors from both worlds
and users who typically aren't used
to a lot of web through interfaces a lot of the times.
So there's definitely like a really important
education component.
And we try to do a lot of that with like video tutorials
and spaces like this, email campaigns,
sort of like typical marketing activities.
But I think like a big key of it is sort of
reducing a lot of fears because a lot of people
have never used any of these things.
So when they're setting up a wallet for the first time
or connecting to a site for the first time,
sometimes there can be some fears and hesitations
and sometimes rightfully so given the amount of sort of
fraud vectors that exist in this space.
So I think just sort of education
and speaking in a language that they can understand
is sort of the most important aspect.
And how you do that is sort of up to your
individual marketing and DD team.
But we have our ways that we think worked best.
And as long as everybody tries to do that,
I think we'll be ending up in a much better spot.
All right, another awesome answer.
Thank you so much C14.
Appreciate you coming in with that answer.
Now we have Bastian.
Bastian, would you also like to take a crack
at this question?
Yeah, I think I would agree with the answers given before.
We do have business development
and marketing efforts as well.
I would say that DeFi protocols specifically
as a protocol is pretty permissionless
in the sense that any one person can use the protocol.
So it's not as white-gloved as centralized services.
So there's less of a need for like
the same white glove servicing.
You can see other protocols have dedicated BD teams,
like I guess servicing more institutions
such as compound treasury.
So I think that's the angle that a lot of protocols
in DeFi are taking to service institutions
and make business development efforts
in bringing in new players into the space.
And we certainly do talk to teams and customers ourselves
in order to bring them onto the protocol.
All right, that's super true.
Now we're gonna jump over to Trisolaris.
And Trisolaris, would you like to take a crack
at this question as well?
Hey everyone, as with the centralized exchange,
most of our B2B is with other decentralized protocol.
And most of that, you mostly don't actually see it
in the front end.
Our job is to bring volume liquidity
and different token options to the platform.
So most of the time our work is working
with new chains, new protocols,
getting them to route our liquidity
so that we can bring more users
and more liquidity to the Aurora chain.
Absolutely, and that definitely has a lot
of importance to it.
Now let's jump back over to Bungie.
Bungie, did you have a response for this question as well?
Hey, could you give me a TLDR of the question quickly?
Yeah, that's no problem.
I'll go ahead and repeat it for you.
So one of the most convenient choices
for traditional centralized finance industry
in the time facing limits on liquidity is
they have a human team for business development,
sale financial service that they provide
and some education marketing for new client and users
to perform a direct sale in B2B pitching sale
or scale of business.
In the similar case of DeFi or Web3 finance,
do you have a plan on construction of marketing
and business development to grow more activities
attracting, to grow more activities and attractive ventures,
financial groups, small and large corporations
and bring them to crypto?
My meaning is B2B development for DeFi.
I hope the high brainstorm and discussion
form all of DeFi projects.
Yeah, for sure.
So basically what Bungie is trying to do is
kind of connect all the chains, right?
So it makes it easy for users as well as protocols
to kind of move assets between different chains.
So how this kind of affects
general institutional activities
by kind of creating this easy way
to kind of move assets between any chain.
Users can, like any people in traditional finance
or like small financial groups,
they can kind of easily move over their assets
in the most efficient manner from any chain, right?
So it could be Ethereum, Polygon
and kind of bring all of their assets into Aurora
and kind of start using all the DeFi apps.
So what we kind of believe is like,
apart from having traditional on drums to chains like Aurora,
it's also important to have like on chain on drums, right?
Which is what Bridging and Bungie kind of try to enable.
All right, coming in hot with that incredible answer.
Thank you so much, Bungie.
We really appreciate that.
Now we also have DayDay2.
DayDay2, do you also have an answer for this question?
And I'm like that.
Yeah, it's like the double super coin if you know it.
Yeah, I'm the co-founder of Dodo.
Yeah, I think it should be development we will need
but right now it's really,
there's not a strong need for this
because I think right now there's a business side
and the customer side, there's no super big boundary.
There's no super big gap for them, right?
Because our customers are like individual
but he can be a whale
and he will be really important to you.
Maybe even more important than any other
institutional customer, right?
Yeah, so I think there's no clear boundary right now
but I think we will need this.
Like for the current case, like for Dodo,
Dodo is a decentralized trading protocol
so we have liquidity pools that can be aggregated
by other aggregator, right?
So we are the liquidity provider on chain
and from another hand,
we also have the smart routing algorithm
so we perform like an aggregator as well.
So we can aggregate other external liquidity pools
and give the best trading price to users.
So I think it's serve the B
and also serve the C in the same time, yeah.
All right, Dodo, we appreciate you coming in
and out with another awesome answer.
I love how in-depth you guys are getting
with these answers, it's really awesome.
Now we also have Nikita here with us as well.
Nikita, would you like to take a chance
to answer this question?
Yeah, so I guess like with respect to the business
development and the whole like marketing vector,
our actions are usually kind of twofold.
One of them is, of course, we're here to like service
the insurance space and working with the team
so we're looking at like what assets,
different liquidity providers,
and like people want to ensure
because oftentimes like that's where
the most demand is coming from.
And so with that respect, we do work directly
with like some of the funds and liquidity providers
because given the early nature of our space,
they often need some like kind of holding
and just want to like have like a little more visibility
into how the protocol like operates
and what are different implications of their products.
But then more broadly, on the marketing side,
we usually prioritize content over like any other
piece of marketing because it's important to educate,
of course, about like how things work and what you can do.
And so users, not just these like funds or anything,
but like more broadly the whole ecosystem
can learn more.
But unlike most of the other platforms,
like we don't really work directly
because with kind of like centralized like firms
because we are decentralized protocol
and all the services we do provide on chain.
So all of those are available kind of directly.
So we're not sort of first in line to work with them
in like on-ramp or like off-board people
from the DeFi space.
All right, Nikita, another awesome answer, guys.
Thank you so much.
Now we're gonna be jumping over to another question now.
And this question is gonna be a bit different.
So about volumes, swap on DEX and Aurora.
There are a few liquidity pairs
that have not been focused on by users.
Do you have any remarkable plans to stimulate
the trading volume on your DEX in the near future?
Let's go ahead and start this one off with Origami.
Well, from our perspective as a money market,
as a lending and borrowing money market, right?
We will continue to support the ecosystem.
I think the other projects here
have also explained that, right?
All of our priority is to help to increase
or to attract liquidity into the Aurora ecosystem.
So it's something that we have always been working on.
And separately, of course, we will continue
to build out the different features
of a lending borrowing market.
All right, that sounds awesome.
Now we're gonna also be jumping back over to C14.
Now C14, did you also have an answer for this question?
Yeah, I'll kind of speak to it.
We're obviously not a DEX,
but we are kind of a volume-based business.
So it is an important question.
Our volume really comes from referral partners.
So we've made an embeddable Fiat on-ramp widget
and anybody building on Aurora can embed it for free,
host it on the site, redirect ours,
whatever's easiest for them.
And our whole thing is really
just to build new payment bridges.
So add coverage in countries
that currently don't have a lot of meaningful coverage
or just credit debit card coverage
in places where card adoption isn't high.
We have PICS payments in Brazil,
we have SPEI in Mexico coming,
and a whole lot more alternative payment methods
around the world will be onboarded from there.
So our theory is really give people around the world
now to on-ramp into crypto easily from Fiat.
And then hopefully that's a good value add
for a lot of the projects building on Aurora
to where they'll want to direct
any interested customers toward us.
All right, that is an awesome answer.
And I really love how I kind of broke that down.
And the truth is that it can be really daunting
to jump into crypto.
And I think that we definitely need more people
kind of with that point of view
making it as easy as possible for our audience.
So I really appreciate that.
Yeah, of course.
I mean, there's not a lot of meaningful coverage
in a lot of areas of the world.
So I think it's an important mission
and one that's pretty exciting
because it's a lot of things we're doing for the first time.
Like the Mexico payment ramp will be the first of its kind.
And I think a lot of the ones we build after it
will be just as sort of innovative.
So it'll be a fun few years.
Definitely, I'll definitely stay tuned.
All right, guys, now let's go ahead
and jump back over to Bastian.
Bastian, did you have an answer for this question?
Yeah, I'd say I would agree with previous statements.
We are primarily a lending borrowing protocol,
so DEX liquidity is extremely important for us
to perform liquidations and just have a healthy ecosystem.
In this market, writing incentives
is not as effective as it was a year ago.
So I think deploying more emissions
is not necessarily the one and all solution
to attracting liquidity.
I feel like just like great marketing
and more protocols joining the ecosystem
are probably the best ways to get the liquidity.
All right, awesome.
Loving that point of view.
Now we just got joined by Tector.
So I want to go in and welcome Tector.
Welcome, you are now a speaker, Tector.
It's awesome having you here.
Did you want to take a crack at this question, Tector?
Oh, hello, hello, can you hear me well?
Is it okay?
Can you hear me?
We can hear you loud and clear.
Wow, good, sorry for the technical issues I have.
Do you know how to get connected with PC,
just connected with mic?
No worries, no worries, we're just happy to have you here.
It seems that the AMA session here on Twitter,
I hope that this session will be very good.
I'm very happy to participate in historical events
as not every day we collect talk applications
from their records in one place.
So I will...
Did you want to take a crack at this question?
I can repeat it for you if you'd like.
Yeah, just repeat please.
All right, so the question is,
about volume swap on decks in Aurora,
there are a few liquidity pairs
that have not been focused on by users.
Do you have any remarkable plans
to stimulate the trading volume
on your decks in the near future?
If I was a team member of this kind of application
in Aurora ecosystem,
I would say it is the problem of maybe liquidity
because I have too many questions to all of participants.
Why I have not so many possibilities
to stake Aurora or farm Aurora or landing it
and some price impact when I'm swapping
just normal swaps in protocols.
But I think that it will be starting in the near future
because Aurora is a young project
and I hope it will be stand well in the market.
Yes, thank you.
Absolutely, guys, now we're going to jump over
to a different question real quick.
Now, I want to go ahead and jump over to this question.
Now, the question is for Trisolaris,
and also for Origami and Bastion.
So this question is,
you have a burn system for your own token
and what benefits do token holders have?
If you don't have this idea or anything like that,
for this question, do you think it is a good idea
for your team to improve the price?
Some cases in crypto show that in addition
to stimulating liquidity demand,
burning is also an activity that has the opposite effect
in stimulating liquidity demand.
So let's go ahead and start this one off with Trisolaris.
So our tokenomics currently does not involve
a burning mechanism.
We actually have looked into it,
but at the moment we are currently focused
on bringing more value to our token holders
through generating real revenue.
Currently, our Tris token stakers earn a portion
of protocol revenues through sound money,
which is our USDC, USDE TLP token,
which is the liquidity pool token.
So you get best of both worlds.
And for our protocol, it does encourage users
to stake their reward instead of just taking it
off the platform.
All right, thank you so much, Trisolaris.
We appreciate that answer.
Now we're gonna go ahead and let Origami take a crack at it.
Origami, how would you answer this question?
Definitely, definitely agree with what Evie
from Trisolaris mentioned this.
Essentially from our side, we recognize
that the burn system may, in certain scenarios,
help to create a positive price impact.
Origami, of course, we do not have a burn mechanism
because we feel that what is more important
is to focus on the value creation for the protocol
rather than it being a more sustainable mechanism
than a burn token kind of mechanism.
So for us, we will continue to build on features
that we feel will best complement our services
and our market.
And we think that by having our current dual token structure,
which is supply and pop, it actually helps us
to align the interest of our liquidity providers
and also the long-term health of the protocol.
So of course, this will also help us to maintain
or to control our supply token supply.
So burn mechanism is definitely one of the ways
but we're comfortable with what we have at the moment.
Absolutely, well, it always feels good
to be comfortable with what you have.
Now, we're gonna go ahead and give Bastian
a chance to answer this question.
Now Bastian, you are up to bat.
What is your answer for this question?
Yeah, I think we've also considered this before,
but I feel like the major factors at play here
aren't like in this type of market,
especially aren't really sort of things such as burning.
It's probably not economical for the protocols
to do so right now.
I think it makes more sense to do so
than an obsolete in the market.
So right now, our main goal and purpose
that we spend our time on is to build new products
and to increase the actual value behind the project.
And then the other thing that we're looking at
and then these token economic features
such as burning can come later when the time comes.
All right, that's what I'm talking about.
Well, thank you so much Bastian for that awesome answer.
Now guys, I have another question
but this time I'm gonna jump over to Bungie.
And Bungie, I just wanted to ask you,
may I ask your mentality and spirit right now
about the general state of the market?
Yeah, so I think like the market has been,
I think while prices might have been great,
like I think like activity on on-chain
is like being like pretty good.
And I think with a lot of Ethereum activity
as well as like all these roll ups coming up
and taking off and multiple DeFi protocols
having a good activity,
I think like the future of DeFi and like on Aurora
and on every other chain,
I think is something that is like very interesting for sure.
And we have also been seeing an uptake
and a lot of users kind of bridging over between chains,
coming over to Aurora, trying new protocols out there.
So I think it's like an exciting space to be in right now
and really looking forward to like
how a new crop of protocols that kind of emerge
who kind of like are making this whole onboarding experience
much, much easier and kind of carefully
is the next wave of adoption.
Absolutely.
And I wanted to go ahead and ask Dodo the same question.
Dodo, what would be your answer for this question?
Yes, can you please repeat this question?
Absolutely.
So may I ask you your mentality and spirit right now
about the general state of the market?
Yeah, sure.
I love this question.
So right now I'm mentally healthy,
better than last year and better than the poor market.
So I think in this year,
we are doing the narrative construction.
That means everyone is trying to look for new narratives
and every project teams and like VCs,
and they are trying to create new narratives
to drive the new round of bull market, right?
And obviously, there too will be one important narrative
for the next wave of markets.
Yeah, so I think in this year,
I will keep observing the markets, what's new, right?
And what are people talking to and building around
and also trying to make the right decisions
and strategies for Dodo in the long term
and trying to capture the next user wave
for bigger adoption.
Yeah, I think there will some excellent applications
beyond the DeFi.
And also there will be some new kinds of asset
to be traded and to be create liquidity,
like assets in GameFi or some different NFTs,
not just shit coins, right?
And also there will be innovations
for new trading structure or trading algorithm
that are fit for the new kind of battery assets
and this will happen on their tools.
Yeah, I think I suggest everyone keep your eye
on their tools, including Aurora, yeah.
All right, guys, definitely keep your eyes open for that.
Now, I wanna go ahead and ask Nikita the same question.
Would you mind repeating the question, please?
Now, may I ask your mentality and spirit right now
about the general state of the market?
Oh yeah, I mean, I think we all see like the market
is sort of like picking it up and the activity is picking up.
So obviously like after all the crashes,
especially after like FTX and with the Fed,
everyone's been sort of like very cautious
about deploying liquidity
and also the whole like investment thesis.
And of course, when the bigger funds
are out like a lot of liquidity is out
and that sort of dampens the whole utility
for other users that are just independent
and like retail investors.
But then we do see since the beginning of the year,
like it is like slowly picking up.
I think we're not gonna like seem, you know, major crashes
like the whole credit delivery has finished.
So I am cautiously optimistic, I would say.
Of course, I don't really expect any like major moves
in the short term,
but I think we are in like a pretty good state
and frankly, I am enjoying the market
because the noise to signal ratio is like much better.
It gives, I think the projects some like time and space
to really focus on their product more and the features,
but also these common market conditions allow us to,
you know, really see where the demand is going,
which is like more of a natural demand
rather than just speculative.
We see what investors need
and that allows us to sort of like hone the products
and, you know, create like more fundamentals behind it.
So, you know, my personal sentiment has been great.
I am, you know, like very much enjoying these times.
But yeah, I mean, I think things are kind of moving forward
pretty well right now.
All right, absolutely, definitely.
And we're gonna go ahead and go ahead and give Tech-ter
a chance to answer that same question.
Now, if you'd like me to repeat that question,
I can for you, the question is,
may I ask your mentality in spirit right now
about the general state of the market?
Thank you for this question.
In general, I think that we,
now we in that phase that we're trying to start a new cycle.
So, I mean, of course, bull cycle,
but all of our investors, all of users, the traders,
they are waiting for this new cycle
and they waiting for where is the deepest bottom
to buy Bitcoin or something like this.
But I think myself, okay, because I was trading a lot.
So, I have some kind of still mentality about this.
And this question is connect to the point
that we don't need to get relaxed in one basket, you know.
So, I'm actually a little bit to the stable.
So, I'm, you know, provide liquidity, some chains
and of course, I'm stay for a while because I think
that's in the situation is the best solution.
So, I think I'm doing well.
All right, that's awesome to hear Tech-ter.
And the same question is gonna be thrown to C14.
You're up to bad C14.
So, may I ask what is your mentality and spirit right now
about the general state of the market?
Yeah, I think sort of the bottom in terms of price
and sentiment was probably late last year.
And I agree with everything kind of said so far.
We are sort of beginning the next cycle.
So, you know, I don't think it's gonna be any sort
of crazy parabolic momentum in the next few months,
but that's good.
It gives all of us time to kind of get everything ready
for when that heavy retail volume comes.
And yeah, for people that have been around a few cycles,
it's sort of a relief in many ways when things quiet down
and you have time to build what you want
and not being under extreme deadlines and pressure
and everybody messaging you all the time.
So, it is, you know, it is a nice time to build.
And I think as we kind of go through this year
and the next year, we'll start to see that retail volume
pick up a lot.
Absolutely.
And I hope that we're all looking forward, man.
The future is looking definitely bright for everyone.
Now, let's go ahead guys and jump back over
to another question.
Now, this one is going to be for origami.
Now, it's also my origami.
You get a lot of interest from the community.
And recently I see that you have very strong partnerships
with Strader Near.
Can you share a little bit about this partnership?
Definitely.
So, because of the upcoming Shanghai update,
liquid staking derivatives or LSDs have become
the hottest stock in crypto town, right?
So, this is not just on the Ethereum,
but also on any other ecosystems, including Near and Aurora.
So, Stader is one of the market leaders in the LSD space,
which was why we decided to work with them,
to list Nearx as a collateralizable
and also a borrowable asset on origami.
So, for those of you who aren't familiar,
Nearx essentially is Stader's liquid staking solution
for the near ecosystem.
So, it functions similar to Lido's STEs
or Rocket Pool's REEs, whereby the Nearx token
accrues all the rewards earned from near staking.
And at the same time, it maintains the liquidity
and the flexibility for its holders
to deploy it elsewhere in the DeFi ecosystem.
So, what happened was at origami,
we are currently actively building
on top of the LSD ecosystem,
and that is to leverage the composability of DeFi
and help unlock additional utility
for all liquid staking solutions,
Nearx and Stader, of course, being one of the example.
So, in this example,
what we have done is that we have increased the utility
by allowing Nearx holders to earn up to four different yields
when they choose to deposit their Nearx with origami.
And basically, these four different yields
are the original near staking reward.
The user will also get a deposit interest
and on top of that, two more rewards in the form of Play,
which is the origami native token,
and also Nearx token as incentives by the origami
and the Stader team respectively, right?
So, moving forward, our vision is that we will become
the yellow hub for LSDs,
and we are very happy that we have a part to play
in building out the whole liquid staking ecosystem
on Aurora and Near.
All right, I'm loving that in-depth answer.
Thank you so much.
Now, we are going to go ahead and be asking origami
a second question.
Now, the second question is going to be
someone who really cares about origami
and asked me a lot of questions.
Now, however, due to the time constraints,
I would like to only select a few that I think
that people would have more interest in.
Now, what happens if the borrow utilization
reaches 100% when borrowing with origami?
And what is the maximum amount of assets
that can be borrowed with origami?
Sure, so similar to all other DeFi money markets
such as Compound and Aave,
so what happens when a user's borrow utilization
exceeds 100% is that's the moment
when liquidation is triggered,
because the user's borrowed value
has now exceeded the collateral value.
So when this happens, third-party liquidators will come in
and help to balance the user's borrow utilization,
by repaying a portion of their borrowed amount
while simultaneously seizing a portion of the collateral.
So when liquidators do this,
they help to balance the user's borrow position
and reduce their borrow utilization rate below 100%.
So on origami, we always do our best to advise our users
to have a comfortable margin of safety
such that your borrow utilization rate
will not exceed 100%,
even if there is price volatility in the market.
That is why when we design our user experience
in our user interface, we always create certain alerts
and to remind our users to always be careful
about your utilization rate.
And to the second part of your question,
you were asking about the maximum amount of assets
that can be borrowed, right?
So in this regards,
the maximum amount of assets that can borrow
depends on two things, right?
First is the amount of asset that you have deposited
and the second one is the type of assets that we deposited,
because each assets will have different collateral ratio.
And if you'd like to understand more about this,
we have a lot of educational material in our documentations
and also our medium blog posts.
So if any of you wants to dive into further
or if you have any questions,
feel free to drop us your questions on our Discord group.
All right, you guys heard it here.
Make sure you guys are dropping those questions
down on their Discord
and make sure to follow.
Now, I'm going to go ahead
and we're going to be jumping over to Bastion.
Now Bastion, the question for tonight,
or actually, whoops, sorry, sorry.
We're going to be hopping over to Trisolaris.
Sorry, that name gets a little bit of a tongue twister on me.
Trisolaris, the question is, hey, Trisolaris,
I have a question from our community.
How does Trisolaris ensure data security
and privacy on the blockchain?
So Trisolaris is a completely permissionless protocol.
We don't have any permission products
where we would collect user data,
especially anything outside of the public blockchain.
But regarding privacy,
we are integrated with the incognito chain,
not to be confused with the Chrome browser,
incognito mode.
It's a completely private chain,
similar to the Calamaro chain you see on near.
And we'll also be working with them too in the future
where users can interact with Trisolaris
with privacy features.
All right, thank you so much, Trisolaris.
Now I have another question for you as well.
Now, do you have any plans for your product
in the near future that you can reveal
to the community on here?
Yep, some of our Q4 roadmaps from last year
has been a little bit delayed,
but given the marketing conditions,
we decided to polish it a little bit more too.
Currently, we are in the testing phase
of our strategized vaults
where it is one-click DeFi strategies
on your favorite protocols,
such as Origami or Bastion on Aurora.
And it will also include cross-chain strategies,
but that can, we'll reveal more of that in the future.
We are still currently working with Axsolar
to bring cross-chain swaps and via their squid protocol.
Right now, we are working with the Aurora chain
to enable Axsolar to be integrated onto the chain.
And after that, you'll see other protocols
integrating Axsolar's GMP2.
Absolutely, thank you so much
for that awesome answer, Tracellaris.
Now, we're going to be going ahead
and jumping over to Bastion.
Bastion, we have a question for you as well.
And the question is, we know that BSTN token was launched
along with Bastion Kingdom
in the second largest lock drop in history.
Shortly after Bastion became the fourth largest
decentralized lender in the world
when it reached 1.6 billion in deposits
and 880 million outstanding loans in May, 2022.
So could you share some plans in future development
and business slash marketing development
to maintain top lending positions in the next time?
Yeah, we'll be releasing some products
later this week, early next week.
And also, we are planning to expand multi-chain.
So I think those are probably the biggest stimulants
to growth, I think.
Yeah, they will help us capture more users, more markets.
And this more assets.
Can I ask some question for Bastion?
Go for it.
Yeah, so some kind of general question.
Maybe you will shortly describe.
Some people try to use your side.
They see the message looks like you're located
from a restricted area.
So maybe you shortly will describe to the users
why it's so and what will be in the near future
about these restrictions.
Sure thing.
So we implemented this restriction on that block's IP addresses
of jurisdictions that are not so friendly towards crypto
due to legal reasons and advice from counsel.
So the protocol front-end is currently centralized.
We plan to potentially decentralize it in the future,
especially with,
developments from near that allow you to decentralize your front-end easier.
But right now it is operated by the team behind the protocol
like as a contributor to the protocol.
And that means that we have to obey laws as a centralized entity.
And that means that we have to obey laws
as a centralized entity.
And other DFI protocols like DYDX do this as well.
We will be changing it if advice from counsel changes.
But right now, if you are from a just restricted jurisdiction
and you have an IP, you're accessing the front-end
from an IP address that is restricted,
then you will not be able to make deposits
or borrows from the protocol,
but you're able to withdraw any assets that you currently hold on it.
Users can still access the protocol if they want to
on an alternative front-end that is not hosted by Vashan.
We can potentially explore ways for community members
to build front-ends around this.
That will allow users to do so without accessing the front-end.
And protocols such as MakerDAO do this as well.
So yeah, there are a couple of solutions there,
but it is mainly due to legal reasons.
It's not because we hate people from certain jurisdictions.
Thank you for this great explanation.
Yeah, I hope you don't hate people.
I'm sure you are.
So I'm hoping in the near future you will solve these problems.
Thank you as well.
All right, that's what I'm talking about.
And there's nothing wrong with protecting yourself in this world.
The world is full of people who could be able to get to you.
So it is important to protect yourself
and to protect the people around you with an amenity.
Now, let's go ahead and jump back over to another question
that we have for Bastian.
Now, Bastian, can you reveal the next blockchains you are eyeing
to expand your network and users?
Not here, but soon.
I'd say we are prioritizing the same user experience
that we have produced on Aurora,
which is low transaction fees, loss transactions,
and an easy EVM compatible user experience.
All right.
Sorry, guys.
I think that I just had my microphone on when I thought it was off.
All right.
Now, we're going to be jumping over to Dodo.
And Dodo, are you still with us?
Sure, I am.
All right.
I just have a question for you right here.
It says, I see you are almost done with smart contract integration
on all chains.
Can you share a bit of your strategy in user acquisition
and money flow on layer two, especially on Aurora?
Happy to.
Firstly, we will still keep the money chain strategy.
Find the emerging good layer tools
and there could be big user adoption
and we will deploy all of our products there.
And also performs like an aggregator to aggregate the liquidity
on Aurora, like even there are more and more liquidity source
on this chain, right?
This is one thing.
Another thing is we will have some strategies
for different kind of crypto assets,
like for mainstream assets like user,
like WBTC and stable coins.
We will launch a new kind of fund pool in Q1
where the professional market makers can work with liquidity providers
and they can better manage the liquidity
and can potentially make profit and share the profit.
These liquidity pools will contribute to traders.
Traders will enjoy the better price.
And for long tail assets, we will still perform
our launch pads called crowd pooling.
We welcome any new projects to launch liquidity on DoDo.
But what's new will provide market making surveys
for the new liquidity launch.
So they don't need to hire any institutional market makers.
They can just use the liquidity management tools provided on DoDo
and they can do the decentralized market making themselves
or choose the partners for their liquidity management.
I think that is one big problem to solve for long tail projects
for who cannot list their token on bananas or coinbase.
They need good liquidity on DAX.
And one more thing is we will have new products
a margin trade for traders.
So traders can use leverage on their trading
to have different trading experience.
That's some of our plans in this year.
Layer 2 is also on Aurora.
All right.
Thank you so much for giving us some insight into that.
Now our second question for you is through this AMA,
do you have any ideas about cooperation and development
with DeFi projects on Aurora?
Yes, sure.
I think that we have in this AMA more time
spending with like Tresolaris, like Bastion,
like other partners, right?
So yeah, I think DoDo is a DAX.
So like for other DAX, we love to aggregate your liquidity
so we can provide better trading price for the front end.
And for like the lending protocols,
we can work together because our margin trade,
we don't build the lending pool by ourselves.
We integrate other lending pools
and integrate with our liquidity pools.
So lending protocols are also what we love to work with.
And also, I believe there are some launch paths
we can work together to select good projects
to help them to launch their liquidity.
And after the liquidity launch,
we can provide the post liquidity launch service
for their market making.
So I find a lot of good projects that I want to work with.
Maybe we can continue the conversation
and continue the community building for Aurora
and also to catch some new things that we don't know
but maybe happen in this year or next year.
Can I ask some questions from the community
about the connecting to this question?
Go for it, Keckler.
Yeah, yeah. Thank you.
So the question for DoDo,
it's connected to all your future partnerships
with some DAX and some other protocols,
but the whole topic in our community,
I mean, in Aurora hundreds,
we need more on-chain data on Aurora protocol
and Aurora network.
So when we, I'm here on this,
I want to ask you to add yourself to that product
to see the on-chain data from your depth
and just a little remark for you.
Do you mean you suggest that we add more data
on the assets and the other partners on Aurora,
on our dashboard?
No, I mean, so, you know,
Dapradar is on-chain data platform.
Oh, yeah, Dapradar.
Dapradar, yes.
And you are on Dapradar,
but you have just a minute.
Yeah, yeah.
So there are some data not very correct
for DoDo on Dapradar.
I think that is different calculate method.
Yeah, by the way, data is right on CoinGecko,
DefyLama, CoinMarketCap, and Duan.
Yeah, so we are in the connection with Dapradar
to let them have us to correct the data.
Yeah, we hope they can make it quickly.
Hey, Denny, just a smart contract.
Your application lives on Aurora
because you have a terraim polygon
being between the managed monoraver,
so it will be nice for you to roll around in the near future.
Thank you for this.
Just a little remark.
All right.
Back and forth there.
Thank you guys so much.
Now, let's go ahead, guys,
and jump back over to Polaris.
Oh, Polaris Dex is not with us today,
so we're going to be jumping over to Solus.
Now, Solus.
Oh, I think...
Oh, Solus, that's you, right, Nikita?
Yeah, yeah, yeah.
That's me.
I'm right here.
All right.
I got a question for you right here lined up.
Now, hey, Solus, I saw that in early February
you just updated some new activities
like updating white paper and smart contract development.
Could you share something for the community to know
what is new and outstanding on your white paper
and stage of your product development?
Yeah, of course.
I mean, since October last year,
we've been in this transitory state
because we realized that the products aren't really perfect
and we need to really work on that,
and we figured out a few interesting ways
how to really tackle the whole defense insurance problem.
I think there has been enough coverage of the problem,
however, there's no good solutions yet,
and that's why we don't really see the niche going anywhere so far.
And so we got back to the drawing board
and had a few competing designs that we're evaluating.
Still right now, there are a few competing designs
behind the scenes that are in development,
and we want to see how well they would work.
We're trying to find the problems there.
So basically, we're going to start sharing a lot more details
on what Solace is going to be more in March.
We're also doing a big token migration
because we wanted to move away from the old tokenomics that we've had.
So yeah, the migration right now is scheduled for March 13th,
so that's kind of the biggest news.
But then also, by the end of March,
there's going to be a complete new rebranding,
and we are going to keep the name,
but then, of course, the colors.
A lot of internals, pretty much everything is going to be new.
And the white paper that we have released
is one of the designs that right now
is going through customer development,
testing the demand phase.
So depending on how it goes,
we'll then see whether to build that or not to build it.
But then, concurrently, we also have another design,
and that white paper will come out also in March.
And so most likely, we'll build another system
than the other white paper.
So we have been in this creative state,
trying to fiddle with the problems
because there's no really easy solutions
and there are different trade-offs.
And really, I guess the main motivation
is really finding the product market,
finding the right trade-offs
so the users can get insurance,
that it can be more deterministic,
less reliant on human input.
And because decentralization in itself
isn't a perfect solution,
ideally, you'd have something like working
where you don't have people participating at all.
It's all kind of enforced by a code.
So yeah, I guess with the new white paper
also released in March,
and later to the month,
there will be more map items being published.
But right now, we're focusing on these developments.
So probably, the new version of the protocol
will go live in May, early June.
Yeah, if I'm being realistic,
and the tokenomics will be probably released sometime
around April.
So that's kind of where we add with Solace.
There is a lot of development happening behind the scenes,
but we have been a little quieter on a public front,
taking advantage of the cooler times in the markets
and really trying to focus on the product building
and development.
Sorry, the question for me about speaking about March.
You have, as far as I know,
you have an airdrop for Solace,
this kind of new Solace token.
Can you describe shortly what you need to,
what roles you need to do to be airdropped
by this token in March, the community?
Yeah, so I think the airdrop in that context
only meant the technical implementation.
There's no airdrop,
and we've only realized after we said that.
So it's basically only token migration.
So if you have a Solace token,
then we're just going to migrate the token
to a new address.
Technically, it will be performed as an airdrop.
So basically, if you have Solace,
you will be in a Merkle tree
and then you'll go to claim page and take out new Solace.
We just have to abandon the old token
because a lot of it is just locked in the contract
that we have no way to unlock,
but we are going to be migrating to a new tokenomics.
And in order to do that, we have to migrate the token.
So it will be a new token in the new tokenomics.
So the airdrop language, I guess,
is what was a little bit misleading.
So there's nothing to do to get the token
unless you have the old token.
Yeah, thank you.
There are no questions.
I had a chance to speak it out
because we just realized that today.
And we're going to change the language a little bit
to avoid confusion.
All right.
That's what I'm talking about, guys,
loving that exchange.
Now we're going to jump over to C14.
Now C14, we are very excited about fiat to crypto payment
concept coming on Aurora.
Can you explain a bit more about the product?
For example, how will C14 work on Aurora
and which token on Aurora will release liquidity
on your protocol?
Yeah, so it's pretty simple.
First time users will sign up with their phone number.
They'll confirm their email for receipts.
They'll do a like KYC.
And then every time from then on,
they can complete the transaction
wherever the widget is embedded.
In probably about 10, 15 seconds,
we just reduce the numbers of clicks
a lot on repeat transactions.
So our sort of value prop is a lot
of ecosystem projects embed the widget.
And as users move around the Aurora ecosystem,
they can top up balances, buy tokens,
whatever they want to do, and engage with on-chain protocols
really easily.
In terms of the tokens, we have Aurora listed right now.
And we'll have ETH on Aurora mainnet listed in a few days.
So we'll have the native token as well as the gas token,
which should allow anybody to participate in any protocol they
want moving forward.
All right.
That's what I'm talking about.
Now, let's go ahead.
I have another question.
Now, this one's going to be back over to Solis.
Solis, I have another question for you.
And the question was, a question from our community member is,
what advice would you give to aspiring entrepreneurs who
are looking to launch their own financial service business?
Oh, that's a very interesting one.
I guess if I'm talking from my experience,
starting out different projects has always been a missionary
project rather than mercenary to me,
which means that I sort of have a problem that is dear to me.
And I do recommend when starting something out,
there's nothing wrong to be a mercenary founder.
If you just see that there's a demand and you want to plug it in
and that also can align with your values or interests in life,
then totally do that.
But starting any long-term project often takes a lot of time
and effort, and it can take mental strain
when things don't go well.
And so if you have internal, this driver and motivation,
it's much easier to go through the hard times.
And usually it doesn't come as easy.
There are going to be a lot of problems and stuff.
So I always kind of like a little degree of naivety
when you start something out because it keeps you going
because oftentimes you can overthink and then question
your logic maybe a little too much.
Of course, a sober level of questioning and pressure testing
the logic whenever you start any kind of project is good
and important.
But if you're naive enough to think that you will succeed,
then you do actually have a standard chance.
So yeah, I guess these couple of things off the top of my head,
start with a mission.
I think that that always keeps you aligned also
because when you keep solving the problem,
you can kind of get lost in all the trade-offs and the solutions.
But then having a guiding star above you knowing
what you actually want to build and what's your vision?
Where do you see the future going and where you want to push it?
Because it's one thing, you can look at the future
as it just kind of happens on its own and where it's going.
But then each individual is forming that new reality
and you can form that yourself.
So yeah, having a mission kind of helps with a lot of that.
And yeah, just staying motivated because when you start out,
things might be going well or might not be going well.
You just can't stop or give up really.
You just want to keep pushing and pushing.
And so you can only really do that when you have very deep internal drive.
Absolutely. I totally agree with that as well.
You've got to really have a deep internal drive,
especially to really push something to the limit
and go as far as you can go with it and continue to go with it.
So 100% agree with you on that.
Let's go ahead, guys, and jump over to Bungie.
Now, Bungie, you've been waiting patiently.
It's time to ask you a question.
Now, could you tell us how Bungie is unique in the multi-chain space?
Yeah, sure. Yeah, that's a great question.
So just to recap for the listeners,
at Bungie, what we're trying to build is this one-stop bridging destination
which lets you move any token from any chain to a token on the destination.
So to take a step back, bridging is a very different problem
compared to a general swap than DEX.
So in a DEX situation, when you're trying to swap,
what you're mostly concerned about is getting the best price.
But in a bridge setting, when you're trying to move your funds
from any chain to Aurora,
you're not only thinking about how is the most efficient route,
but you're also thinking about what is the speed of the transaction,
and you're also thinking about security,
and you're also seeing if the bridge supports the token that you have.
So it's not a very single-dimensional problem like swapping,
but it's a very multi-dimensional problem that has multiple aspects for it.
So what we're trying to solve with Bungie
is upsetting away all these problems
in a very simple interface so that users need not worry about any of this,
and they can simply come on to the bridging UX
and choose any token that they have
and automatically swap it for any other token on the destination.
All of this is seamlessly done because behind the scenes,
he combines both bridges and DEXs
and acts as this unified liquidity layer between chains.
So people can do this cross-chain swap
between the two chains that they want to move between.
So all this makes onboarding to any chain.
For example, if a user wants to come to Aurora,
coming via Bungie makes them get the most efficient route,
as well as we're also building multiple other things that people face.
For example, when they first land on Aurora, they might not have gas.
So we've also built this nifty feature called Refuel,
which kind of gives you a small amount of gas once you land on Aurora.
So all these kind of things together kind of make
Bungie really, really important for onboarding to new chains
and the multi-chain space has worked.
All right, awesome answer.
Now we're going to jump back over to C14.
C14, I have another question for you.
And the question is,
the fiat to crypto concept also helps bring back
a large number of traditional users to the crypto and DeFi, right?
Could you share more about your plan in developing business
in some of the nation's markets around the world?
Yeah, our plan is a bit unique.
If you look at sort of legacy ramps, they'll say,
hey, we support 180 plus countries.
That's typically the number they use
because most of them are clicking the same buttons
and turning on credit and debit card payments around the world.
Our philosophy and the numbers back us up here is that
card adoption is very high in some places
and fairly low in most of the world.
So what we do is, so for the US example,
we enable credit debit card payments.
We have the same for the European Union and Canada
where cards are well adopted.
But for places where alternative payment methods are more popular,
whether that be mobile money in Kenya or spay in Mexico
or pix in Brazil or sort of instant bank transfers in a lot of countries,
that's what we seek to integrate.
So it's a much longer approach
because you have to work with a lot of independent service providers
as well as sort of understand the regulatory framework
in all of these different places.
But in the long run, it provides value
where there isn't really value now
because having credit card presentment in a place
where 10% of the population has credit cards
is not providing a meaningful on-ramp
into Aurora mainnet or other blockchains.
So that's kind of our approach.
We started with US Europe and Canada with card presentment
as sort of our initial table stakes.
We added pix payments in Brazil as sort of our first instance
of doing what we said we were going to do.
Like I said earlier, we'll add spay in Mexico,
which is the most adopted bank transfer method there.
And we'll just keep going.
So we have a lot of conversations with different service providers
in Africa and Southeast Asia.
Those are sort of our next two target markets after Latin America.
And we'll just do exactly what I said we would do,
which is integrate the most popular payment methods
and provide a ramp in for most people in these countries
with the payment methods that they're used to beyond card presentment.
All right.
That's what I'm talking about, C14.
Thank you so much for that awesome answer.
Now, we are going to jump over to one of our last questions of the night,
which is going to be back to Bungie.
Now, Bungie, my question for you is,
what are your views of the upcoming trends in multi-chain?
And where do you see the space evolving towards?
Yeah, that's a very interesting question again.
So currently, our view is that the number of chains
is going to keep increasing by the day.
So we already have multiple EVM chains in L1s,
and then now we have a cold roll-up scene,
and then we also have non-EVM chains.
And as well, soon we'll also kind of see apps becoming their own chains.
So the number of chains and this whole proliferation of chains
is going to kind of keep happening.
So what that kind of means is bridging kind of becomes
a very central piece to this whole puzzle,
because as number of chains move,
the number of transactions that have to move between chains
for both users as well as protocols trying to move liquidity
and data kind of keeps increasing.
So with this bridging becoming a very center point to that,
what that requires is we need to kind of simplify this whole UX.
At onesie, we are trying to solve that.
We are making this whole UX much simpler
so that users don't have to navigate between multiple bridges.
They have everything in one streamlined interface,
but you can also kind of go a step beyond that
and kind of bring this whole bridging into the background of apps.
So what that would look like, for example,
say for Trisolaris or Bastion,
like instead of Bastion being a lending protocol on Aurora,
it could kind of do cross-chain lending and borrowing.
So it can have its app on Aurora,
but still be able to do lending borrowing from different chains.
So kind of abstracting this UX,
not just on a bridging side,
but kind of bringing all of this behind scene for apps,
I think will be kind of very critical for this whole multi-chain space
and kind of pushes towards the next bigger adoption curve.
All right.
That is what I'm talking about, Bungee.
Coming in hot with that awesome answer.
Thank you so much.
Now, guys, unfortunately, we are running out of time.
So we are going to be taking some questions from the audience,
but only around two or three questions
because unfortunately, we're running out of time.
So let's go ahead and take a look at our lively audience tonight.
Go ahead and raise your hand if you'd like me to choose you.
If you're on the first page, I will just choose you right away.
But if not, I'm going to go ahead and draw over my requests.
Now, one of the first people I see tonight is James.
James, you are going to be a speaker.
All right.
Welcome, James.
What is your question tonight and for which project?
Yes, James, you are now a speaker.
No problem.
We can hear you loud and clear.
Now, which project would you like to ask a question to?
I'd ask Bungee.
This question is for Bungee.
All right.
What is your question?
My question is, many projects like to take about long-term vision and vision,
but what are your short-term goals for your project?
Bungee, do you understand my question?
Bungee, did you get that question?
Not clearly.
Could you repeat the question again?
Yeah, sure.
Many projects like to talk about long-term vision and vision,
but what are your short-term goals for your project?
Yeah, that's a great question.
Currently, with Bungee, like I mentioned, we are trying to make our onboarding
experience very, very seamless to enter any chain.
We have kind of had great success with it over the last year.
We are also kind of revamping our whole interface to make it much,
much better with a newer UI and a slicker interface overall.
You can kind of expect that really soon.
Apart from that, we are also going to expand our chains to more non-EVM chains
specifically.
We would also probably be integrating bridges like Rainbow Bridge,
which is like in our roadmap.
Expanding to chains, new bridges, a much better UI are all short-term things
that we are really excited for.
Okay. Thank you, Bungee, for your details out here.
All right. Thank you so much, James, for coming in hot with that awesome question.
Now, guys, we're going to go ahead and jump over to another audience member.
I see the audience is very lively tonight now.
I see a hand being raised from the bull.
All right, the bull.
You are now a speaker.
Please tell me, the bull, which project?
Do you have a question for tonight?
Are you with us, the bull?
Yes, the bull.
You are now a speaker.
You can speak.
Just go ahead and click it.
Am I the bull?
Yes, you are the bull.
Tell me, what is your question, and for which project is your question for?
My question is to the tresolaris.
That's my question, too.
My question to tresolaris, I want to know, like, what does it make you unique?
Where is it going to your website?
And I saw that you are a desk.
That's right.
That's right.
That's right.
That's right.
That's right.
That's right.
That's right.
That's right.
That's right.
That's right.
To get to office for services out there.
Hello, you got my question.
Hey, thanks for that, James.
Sorry, Justin, did you actually hear him?
It was kind of cutting off for me.
Hey, the bull, can you get closer to your microphone and repeat
that question for tresolaris?
My question to you, I want to know what really
make you unique than other swapping services,
what are swapping decks in Aurora?
What really make you unique from others
that will make me want to consider using your services
or your projects, what you deliver?
What really make you unique?
I don't know.
Can you go show it off?
OK, so what makes us unique as a decks in Aurora?
So Trisolaris is the first decks that was deployed on Aurora.
And currently, I believe we do have the most trading pairs,
trading options.
And if you think multi-chain, our liquidity
is integrated with most of the bridges that
is connected to Aurora.
So that's where we drive our volume and liquidity.
Right now, we are sort of a basic AMM with SushiSwap, AMM,
and Curve Stable Pool.
We are bringing more unique products to our platform,
such as our strategized vaults.
And we'll be integrating Cross-Chain Swap
with Axl or Squid.
All right, the pool, thank you so much.
Sorry, I have one more question.
Sorry, comments.
All right, the pool, go ahead.
We're running out of time, but go for it.
Next question to Trisolaris, I just
want to know what are the aspect that you did then
to overcome language barrier, original to some potential
non-English users out there that doesn't know much
about Trisolaris, but they want to know more
about this kind of project.
So what are the strategies to try to implement to bring them
to this project as a whole?
Can you just share more light about this for me,
to weak users?
Yeah, so while we have a small team where we can't communicate
with communities that uses different language,
we do partner up with social platforms, such as Auroraity,
Nerody, Nearweek.
And then Nier is also known for all their regional
guilds that has the reach to different parts of the world
that can communicate with all the different languages.
So we do partner with them.
We do our marketing through them.
And if you go on our social platforms, such as Discord,
we do have regional sections where our community can
communicate in different languages.
All right, thank you very much.
Thank you for answering my question.
I do appreciate it.
All right, that's what I'm talking about, the bull.
We appreciate you coming in hot with another awesome question.
Two questions for the night, actually.
That is awesome.
Thank you so much for joining us now, guys.
We are almost out of time.
Go ahead and raise your hand if you have a question ready to pop off.
All right, I want to turn down and look at our audience,
see who is raising their hand.
And I see Game Buzz.
All right, Game Buzz.
Any second now, you should be added as a speaker.
Hmm, maybe Game Buzz is having some technical difficulties.
Let's instead go with General X. General X, you are now a speaker.
Please tell us, which project is this question for?
And what is your question tonight?
Hello, can you hear me, sir?
We can hear you loud and clear, General X.
OK, my question is for origami.
How do you plan to attract the equity from other chain to origami?
And will you offer any insurance program for those people
who fail to repay the loan in time?
Hey, General.
Did you get that question, origami?
Yes, yes, I did.
So yes, it's a short answer for me.
Right now, in the short term, like I mentioned just now,
we are continuing to build out and improve on our lending protocol.
Examples that we have given or features that we have launched recently
that we found to be very helpful for users
includes the In-App alerts that helps our user to track their at-risk positions
and help them to basically react to certain market volatility.
And beyond that, we are also looking to build on the LST narrative.
It's basically listing more assets or LSTs or liquid-staking solutions
that wants to come to our ecosystem.
So I believe by doing this, we'll be able to attract liquidity onto origami.
So the example that I gave just now with the collaboration with Stader,
essentially listing near X on origami brought us quite a lot of attention
and also boosted the lending borrowing TVL for us.
So it's something that we'll continue to work on.
All right, I hope that answers your question.
General X, always awesome and a pleasure having you here.
Thank you for being a part of our community.
Now, guys, we have enough time for one last question for the night.
Let's take a look at who will be the lucky audience member to be chosen.
Now, I see we have a lot of requests coming in.
Now, GameBuzz, I'm going to try to add you one more time.
But if it doesn't allow you to be added, I will have to skip over you.
GameBuzz, you are now a speaker.
Let's see if it allows.
Yes, you are now a speaker.
Hello, sir. Can you hear me?
Sorry, guys, we're going to go ahead and go with another person.
Let's go ahead and choose Angel.
All right, Angel, you are now a speaker.
What is your question for tonight?
Yes, we can hear you loud and clear, Angel.
Which project do you have a question for tonight?
Yes, I have a question for origami.
Yes, my question is, how do origami want to maintain stable market in this or stable economy?
Do they have insurance backup system?
That's my question. Thank you.
Thanks for the question, Angel.
So on our side, there are a couple of things that we're working on, right?
So firstly, it's looking at and ensuring that our processes are in place to protect our user funds.
So when we look at that, what we always tell our users and something that we're very proud of
is that we have a lifetime bad debt value of zero, right?
So essentially, from the moment that origami was launched early last year,
till now, we have not incurred any bad debt.
And that is a very important metric for lending protocols,
because that means that in terms of users' funds, it's well protected,
and all users are able to withdraw their funds without any of them making any losses.
So that is an indication of essentially the processes that we have in place,
including the risk parameters that we have in place to protect our users.
The second thing, of course, is ensuring that we minimize the contractual risk, right?
So on that front, we have went through multiple audits with a lot of
reputable auditors for our contracts.
And it's not just one of engagements, but also ongoing engagements
where every time we list certain assets or make any changes to our protocols,
we will make sure to consult them and ensure that what we have introduced to our protocol
will not introduce new attack vectors from potential bad actors.
So these two ways are essentially how we approach the topic of ensuring maximum security
and to protect our users' funds.
All right, thank you. Thank you.
All right, Angel, we appreciate you coming in hot with that awesome question.
Thank you so much for joining us today. We appreciate you being here now.
First of all, guys, I want to go ahead and give a warm thank you to every single person
who decided to be here with us tonight on this awesome AMA.
Thank you to the community for being here.
And don't forget to join and follow us on Twitter.
Now, I'm sure the community will be looking forward to the DeFi breakthroughs
on Aurora in the near future.
Now, we have another event for the community.
So follow me to get a chance to get the reward and explore the ecosystem.
And thank you to Aurora DAO for helping Aurora organize this amazing AMA.
Now, best regards to all of you.
Thank you so much for your presence.
Guys, thank you so much, Origami, C14, Tector, Bastion, Trisolaris, Bungie, and Doodoo.
We really, and Nikita, we really appreciate you guys being here with us.
Seriously, though, it was awesome.
Thank you guys so much for being here.
Thank you, everybody. Take care.
Thanks, everyone.
Thank you all. Have a great one.
Thank you very much.
Thank you. Bye-bye.
I appreciate it. Bye-bye. Thank you.
See you later. Take care, guys.