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AMA: Osito X THJ
Recorded: June 3, 2025 Duration: 0:59:51Space Recording
Short Summary
Osito is poised to launch as a groundbreaking DeFi platform, enabling users to borrow against any token instantly while fostering sustainable yield opportunities. With strategic partnerships and an immutable design, Osito aims to enhance the Barachain ecosystem and drive significant growth in user engagement.
Full Transcription
Thank you. hello hello what's going on guys we're gonna have a fun ama today thanks for people popping up we
got uh we got the homie joey we're gonna be talking about osito there might be a little bit of alpha shout out
to people in the audience redrum street sorcerer red kev and uh yeah joey just approved and we'll
get going can i get a henlo joey hello everybody how's it going very excited to be here um a lot happening
very quickly with osito um i think it's it's bullish obviously for osito but i think for
barachain in general um we're definitely coming out of the uh the darkest days and it's a very cool time to be
building on this chain so let's get into it absolutely joey i think you nailed it right
there um so why don't we just i guess kick it off off the top man um ocito uh it's your place to
borrow earn your w bearer against any token uh instantly right um maybe you could
tell us a little bit of more um about osito high level in a nutshell for anyone who hasn't heard of
it yeah so like so many other builders slash tourists in the space during the cycle we saw
the immense success of pump fun over on solana um the birth
of the trenches over there uh the crazy volume and fees they're doing and we're like okay what's the
what's the missing piece here and the missing piece very obviously is that it's so profoundly pvp
and looking into that even a little bit the the reason it's so profoundly PvP,
is that no matter what your intentions are as a token creator, as an early holder,
you could be the best person or the worst person.
Most people are just motivated by how much money they can make, which is fine.
That's what our space is about.
The only way to actually make money from tokens that launch on any launchpad is by selling it.
That's like 99% of tokens. The way you make money is by selling it. That's like 99% of tokens,
the way you make money is by selling it once the price goes up. And that's kind of this accepted
thing. But the real issue there is that it inevitably creates this PvP system because
the game obviously just becomes this lesser fool thing.
You have like the very, very, very small number of tokens that launch that become sort of something beyond that where you can borrow against them, borrow stables against them on a lending protocol.
But that is such a vanishingly small number of actual tokens. I think the AVA whitelist against which you can, you know,
borrow ETH or USDC is like 20 tokens, right? And it's not growing. So we thought, okay,
the way that you change the game around token launches, the way that you can actually make
the internet capital market meme come true, if any of you guys even remember that that post
loud the pre-loud it feels like years ago now but the icm thing was popping like less than a month
ago um obviously it was a meme but i think there's actual truth in it if you can make it less pvp
structurally um not just through some like random incentives orzi flywheels, then you really do start to make a token launchpad and tokens period
a valid kind of capital formation,
not just for launching a meme coin, but for launching a project
or even looking a little further into the future,
squinting your eyes a little bit more.
You can imagine it, a coffee shop wants to buy a new coffee roaster Looking a little further into the future, you know, squinting your eyes a little bit more,
you can imagine it, you know, a coffee shop wants to buy a new coffee roaster,
and their option is like, go to the bank for some financing, run a Kickstarter,
or launch a token. And if the launching the token is actually valid, then that becomes the best option. And that really expands what DeFi and tokens and all this shit that we
love can do for capital formation, which is ultimately what a meme coin is. And all capital
formation, more or less, is a meme coin. And it's just going to become more and more like that.
The issue, again, like I said, is this structural PVP. And yeah, to kind of set the stage,
said is this structural PVP. And yeah, to kind of set the stage, that's exactly what
OCTO is designed to solve. So I can now get into how we solve it and really what the follow-on
effects of that would be. What is downstream of the OCTO mechanism? How does it change
things? How does it make Barachain the center of actual capital formation DeFi and how that
just creates this wealth effect that that
filters out throughout the the rest of the stuff on the chain
yeah absolutely i love to i love to dive into that and i think your insight there is pretty
interesting about like capital formation right it's it's all memes all the way down and i think
uh in the direction that we're headed right how can we improve the systems um especially if meme
coins are clearly you know i don't think
they're going to go away anytime soon um if anything i think they're going to continue
to escalate right so how can we you know make better systems to you know i guess be more
efficient or just get to that next level right there's always going to be different changes
in iterations over time right so i love what you guys are doing with osito and uh the plan for that
so yeah maybe you could just get into a little bit more on um you know i guess the how you get into that mechanic about you know borrowing yeah
lending for sure for sure so we start from the point of view that that anybody any any user of
a launchpad we have to assume that their motivation is to max extract.
Like if you make any other assumption or you try to weave these kind of 3-3 social layers,
it can work for a while, but it's not something that can be handling many billions of value.
It tends to be a bit fragile for that. So we always assume that everyone using Osito is their only motivation is max extract. So starting from that, we create a system where the max extract path is not actually
selling in most cases. The max extract path tends to be things that actually reduce sell pressure,
like locking up supplies so you can leverage against it,
like staking tokens so that you earn crazy yield.
We even have a product that we're working on
with Redrum here in the audience of Baratrax,
where you literally have an auto-ape vault
that you can deposit WBara into.
It auto-apes every single token that launches on Ocito,
immediately creates a delta-neutral position
just to farm the fees off of staking those tokens.
And that's like a way that you make a really good
sort of carry trade, basically, on meme coins.
That what's happening, though, behind the scenes
on the actual protocol is just meme coins are getting aped and not sold.
But there's money that you can make from it that way.
So I'll get into how we do it exactly, but high level,
we recognize that people are in this space to make money.
People are going to be maximally extractive.
That's great. That's just the reality.
We design Osito as a launchpad and beyond,
as a place where liquidity stays and tokens grow, to make that max extraction path not the path of selling and destroying your chart.
Okay.
Yeah, so that's philosophically how we come at it.
So, all right, let me get into the heart of how we do it. So basically, most lending protocols, pretty much every lending protocol in DeFi,
it's a margin lending protocol. And all that means is that you have a type of collateral,
like those top 20 blue chip tokens I mentioned AVA allows. Some other lending protocols are a
little more degen. They allow some other slightly longer tail tokens. But at the end of the day, you have to have an oracle feed for the token. And you have to have
some kind of a risk policy where by that, I mean, like if you use WBARA as collateral to borrow
honey, WBARA has a certain volatility and the lending protocol is going to set a minimum
collateralization ratio where it's like for every one honey that you borrow, you need to have at least $1.20 to $1.50 of WBARA because that extra $0.20 to $0.50 is just there to cushion WBARA's volatility, right? And it's very difficult to use anything kind of more long tail or more volatile than Bera or like, I don't even know any other tokens on Bera.
Like Bera LSTs pretty much.
On other, you know, on ETH, you can, I think AVA allows borrowing against like ETH, LINK, I think.
like ETH, LINK, I think.
I think they have other ones,
I think they have some, they have other ones.
but these are super established,
like super, super liquid,
not that volatile tokens
where a couple trades
are not going to send the price going
super up or super down.
So that approach to lending
where it's like a loan can become insolvent
if the value of the collateral
goes below the collateralization
ratio and then a liquidator steps in. The liquidator can pay back the debt and then sell
the underlying collateral, which in a lot of cases leads to these reflexive sell cycles,
where if the loans are becoming under collateralized, the only way you clear that debt from the
protocol so it doesn't become bad debt is somebody has to sell it, liquidator sells it, which just adds more cell pressure to already a
cell pressure cascade. So I'm in no way shading Aave or Compound or Morpho. These are well-designed
protocols that are pretty battle-tested at this point. They are just constrained by this paradigm where they have to be very, very good
at managing this margin-style risk
because they have to basically create enough buffer
that they have to predict
what could the dump look like of one of these tokens
and how do we set a collateralization ratio around it.
So it's trying to put risk constraints
around this fundamentally non-deterministic thing,
which is the price action of the underlying collateral. So Osito takes a completely
different approach. We don't try in any way to predict what is the price action of these tokens
going to be because tokens that launch on a launch pad and are like an hour old,
it's not possible to predict that, right? It's it's crazy it's super volatile that's why people what do you mean it's gonna go up to
infinity no yeah well actually you know what i'm gonna get into that i'll in this explanation i'll
explain why tokens that launched on oc2 will tend to go up um but it will go up with a shit ton of
volatility and actually i'll get into this too, but that's what attracts all
the flow to pump fun, right? The reason people trade shit coins that are illiquid compared to
like EtherSoul is because small buys and sells can move the price tremendously. That's how you
hit 100x. You're not going to hit 100x on much more liquid tokens, they're the ones you can borrow
against. So this is really what Osito solves. So the Osito magic is basically, we don't look at
what is the current price of these tokens. We never consider that in terms of how much we allow
to be borrowed against them. All we look at is what is the price of all of the tokens that can be dumped,
all of the supply of a given token.
Let's say you launch Henlo 2 or something.
By the way, I'm not saying you're launching Henlo 2, just as an example.
You launch Henlo 2 on Osito.
Osito enforces a fixed supply, right?
Because we're the deployer.
We can say, all right, if you want to start with a billion of this token, you can't make more of the token. So because the supply is fixed,
then we know how many of these tokens can be dumped at any given time. Because we just know,
okay, this portion is staked in Oceto, this portion is already on the bonding curve. We're
going to assume that all the other supply of the token, they can be anywhere. They can be people's
wallets and other DEXs, whatever. We'll just assume that they can be dumped at any time. So we just run a very
simple calculation. We dump basically all of the dumpable supply of a token into its bonding curve
where it's trading against WBARA or HONEY or whatever the quote token is. And we know what
is the minimum possible price that this token could ever hit, right? We know because it's totally deterministic. We know there's a fixed supply.
We know how much of that supply is in Oseto. We can just look at our own protocol, and
we know what the price would be if all of them jumped. So instead of lending against
the spot price, which turns you into AVA and makes it impossible to lend against newly launched
tokens, we lend against the worst possible price. And we know what that worst possible price is.
And that's basically Osito, right? Everything flows from that kind of simple but paradigm
shifting approach to lending. And what's cool about this is it creates a strong yield source paid for by
borrowers and leveragers for staking any token that launches. Because by staking the token,
you are reducing the supply of the token that can be dumped, which means that minimum possible
price is higher, which means more leverage headroom for anyone who wants to leverage it
or borrow Staples against it or borrow WBare against it.
So yeah, that's pretty much Osito.
And yeah, like I said, it sounds pretty simple,
but a lot of really, really cool stuff comes out of this.
Like, for example, no liquidations.
Okay, like an Osito loan is not exactly a loan. And I don't want to get super technical
here, but it looks more like a perpetual American-style option, where if the token goes down,
basically the calculation of is a leverage long profitable in Oseto is, is the current spot price greater than the minimum
price when the loan was initiated, plus all of the interest that you've accrued on it? And usually
that will be, the answer will be yes, because again, the spot price is always going to be higher
than that minimum price. The worst possible spot price is that minimum price by definition. So when you initiate a leverage long on, let's say,
Henlo part two, and you go 25x long on it, which is definitely possible in Ocito,
your calculation is, given how long I've had this thing open and the amount of interest I've accrued,
this thing open and the amount of interest I've accrued, is the interest plus the minimum value
of that token, of my collateral basically, is it worth it to pay back the debt because of what the
token spot price is now? And again, usually that'll be yes, but it's really the same kind of
thing as an option where it's either in the money or out of the money. It's not like solvent or insolvent. It's always solvent because we lend against the minimum possible price.
The question is, is it worth it for you to exercise it now or wait a little bit or whatever?
If you wait forever, that's fine. That just means your collateral is locked. It's kept out of the
dumpable supply. It's supporting that price floor. And you already have your stables or your WBARA. So it's like a very inexpensive option where your downside is
completely limited because you already have your token, your stablecoins, your WBARA,
but you retain complete upside exposure. If the token moons, then that's still your collateral.
You got it. And that's really the basis of these crazy vaults
that would seem just unthinkably degenerate for any other type of launchpad, where you're putting
in gas tokens or stablecoins and it auto-apes everything that launches on the launchpad.
That's like levels of degeneracy that are hard to comprehend. But on Osseto, because the mechanism
is so different and because your downside is so limited,
it actually does make a lot of sense.
And it's something that like,
capital that is way less degenerate
than one to ever even participate in like a
PumpFun or like Fjord Foundry or any launchpad
can participate in that because you can hedge out
your exposure to the token price and just
collect the yield and you're good to go. On that topic of non-DGEN capital being able to
participate for the first time, the lender vault, like where you're lending WBerry or lending Honey
and eventually lending USDC against these new token launches, you are completely isolated from both the price action
of the tokens because of this mechanism of lending against the lowest possible price,
but you're also completely guaranteed no risk of insolvency for the same reason.
So it's actually, weirdly enough, less risky because there's no chance of insolvency.
So there's no chance of socialized loss if bad debt does develop, if there's some crazy flash crash.
There's no insurance fund. There's no need to do all this extra shit.
lenders against these tokens that launch on Oceto are by definition like mathematically
guaranteed no risk of loss the only risk is this liquidity risk that you get on any lending
protocol if there's like a ton of usage like a lot of the stables are borrowed or a lot of the
W bear is borrowed you need to wait for more liquidity to come in or for people to unwind
their positions in order to withdraw.
But you're earning crazy yield if the usage is that high.
So yeah, so that's basically Osito.
I just said a whole lot that took a long time to develop, but it kind of sounds compact
when I say it.
So I'd love to take
any questions out of it from you or anybody else, um, to make all of that super clear.
Yeah, absolutely. Uh, I, I really do appreciate that, uh, that, uh, the monologue on, on, on,
um, Osito, because that did actually answer quite a few questions that I had. Um, cause you've
talked about how, you know, Osito doesn't ask what a token's worth. And I think, you know,
that explanation really covered that and the framing of that for the entire protocol, sort of
just looking at that situation a little differently. And I think it's definitely interesting when you
have a protocol that's not going the Oracle route governance, it can't be upgraded. And I wanted to
ask you a question too, specifically with the immutability, was this always the path where you
sort of, as you were developing the systems for CTO path were you sort of as you were developing um the systems for
aceto were you thinking of maybe having some mutable aspects initially but decided to sort of
say this is what we're going to do completely different path to make this estate this um
this new model that we envision
yeah so i'm i'm always trying to whenever i I come up with a new protocol design, I always try to make it immutable.
I think that that's like, I have yet to see a really good governance system.
They all strike me as like, even the really smart ones are just kind of messy.
And it's like an admission that you couldn't just nail the perfect mechanism design.
You know what I'm saying?
Like, it's like you have to sort of, I'm trying to use a good metaphor.
It's just kind of like this patch over what should be this pristine,
perfect mechanical system where like everything
just fits together perfectly. So that's, I always have a bias against governance.
The only aspect, the only like admin function is the protocol takes 10% of all fees generated
for the treasury. And what's done with with that treasury it's going to eventually go
to an ocitot token they're going to tge once we have some really good traction and some uh some
really good revenue but yeah that'll be the only centralized aspect that 10 going to a treasury
um until we launch the token and it's basically sharing that that uh revenue with anyone who's
holding and staking the Oseto token.
That's it.
There's no way once it's deployed for the admin or the deployer to change any parameters
or really have any impact on the other 90% of fees or any people's positions or anything.
It's fully immutable.
fully immutable. So yeah, that's, that's just always the way I like to design stuff. I think
So yeah, that's just always the way I like to design stuff.
that that's a huge, huge, huge advantage that DeFi has over traditional finance. And we should just
take maximum, make maximum use of that. Yeah, I think it's just, it's just way cleaner.
No, that's definitely interesting to hear. Especially since I've been a fan of your stuff
for quite some time from, from when you first started Dyad. So it's always great to see,
you know, builders going on and, you know,
trying new things, pushing things to the limits,
thinking about problems differently.
So what was your aha moment?
I'm curious to hear where along the path when you started Osito
that you're like, this is the next thing that I want to work on.
And I think that, you know, this could be beneficial as a product.
Yeah. You know what it was, actually?
It was, if you guys remember Peanut, right?
The meme coin that ran, I guess, kind of around the November election.
And yeah, at that point, I mean, I was like the typical ETH, Bainnet, like, DeFi asshole.
Where I was like, what is this?
Like, meme coins, it's extractive.
Like, it's not.
It's like a bad look for our space, whatever.
And then my wife actually was like, no, wait a minute.
Like, you're definitely tripping.
Like, this is clearly appealing to people.
There is something here.
You need to look a lot deeper into it and
understand it and not just write it off like some lame ETH Maxie. And at that point, I, yeah,
I just kind of like actually tried to understand what are meme coins expressing? Like, what is the
reason this is so popular and someone is going through this and yeah it was just kind of this this real learning and and growth moment for me because
it's it's really like what defy is meant to be and what really like all of finance should be
distilled into its purest form uh and that's how I understand meme coins now it's like it's not
just gambling I think it's easy
to write it off as that. But there's so many gambling opportunities that are a lot easier
and are very popular. There's sports betting, which is extremely popular in my Teddy's chat.
Shout out to everybody in the space. There is literal just betting on random shit, hamster
racing, all kinds of stuff. There's something about
finding something, owning it, and watching its value go up and being rewarded for being
able to find something early that is just profoundly human. And it's like from my days
sharking my friends with like magic cards where I'd have some alpha from some like
other store I went to and like learned about that
and like what are they paying for the card and like don't let my friends like know that alpha
all that kind of stuff to um yeah just any any sort of like trying to discover information and
and use your your guts to read the vibe about something that you can buy,
that other people are deciding what the value is
and that kind of price discovery process.
Yeah, it's very fundamental.
And that's where I started to really look at,
okay, so structurally, what is it about these launch pads
that they're just kind of relegated to meme coins and there's this ball of
degen risk on capital that they're all competing for and that ball of degen capital is not really
growing um at least unless we get into a super risk on kind of macro but like there's billions
and billions of stable coins already on chain and there's like 100,000 X that looking for yield off chain. How do we bring that into the equation and actually make this true capital formation?
How do you, as a stablecoin holder who wants to earn really good yield but would never think of participating in a token launchpad, how do you isolate that lender from the price risk of a stablecoin?
The price risk of a meme coin that's just launching.
And that's where the Ocito idea really started to come from.
I'm like, how can we not use the spot price?
And that's where the initial idea came from.
I love to hear that, right?
Because it's always interesting to see
the framing to which you tackle the problem
or what you see that needs
fixing or could be improved.
So I think that's a great approach
how you're going about it.
And I guess just getting more into the nitty gritty of
I guess the protocol. And and also by the way,
thank you everyone for being in the audience
and tuning in and listening to Joey and myself.
We really appreciate the time.
Definitely give them a follow if you haven't already.
And I'm sure we'll get some alpha teased.
Maybe we can have Fent come on
and maybe ask a couple alpha questions.
No need to if you don't want to,
but also if anyone in the audience has any questions as well,
feel free to come on or request in the next maybe like 15 minutes or so.
But Joey.
No, this is such a good audience.
I just wanted to take a moment.
Like we have Red Kev, Carnation, Red Rome, Bruce, Fant.
Like so many.
I mean, this is a small but mighty audience we have
right here um yeah thank you guys for being here really really appreciate it various support shout
out to uh everyone in the audience we see you bruce carnation uh enact cornick otama kuman
probably butcher that poo bam street um all right six so so joey let's talk for a second here
um what are the eligibility requirements you know for tokens to be used in osito you know why are
you know what why are the fixed lp and the burden lp so crucial i think we touched on that a little
bit but you know maybe we could reiterate that and like why you didn't decide to like maybe do a split of that um or
or not waver on that at all yeah so i think that if you go to the the ocito.finance um website
which is still on the uh the x profile of ocito the docs there are pretty out of date so initially
ocito was was not actually apad. It was going to just
use tokens that were launched elsewhere. What we found, though, is the token being fixed supply is
fundamentally important to Osito's whole model, as I just described. If you could fake a token
being fixed supply and be able to mint some somewhere else or have some in a hidden wallet,
it's a super easy total exploit of the protocol.
So on Solana, that's really easy.
The SPL token standard,
you can verify that it's fixed,
and you can't spoof that.
On EVM chains, the ERC20 standard,
it's so easy to spoof it.
Whatever the metadata saying total supply is,
it's basically whatever the dev wants to fill in for that. And there's no way to check on chain
that it is indeed fixed. So that's when we thought, okay, to simplify this, we actually have to be the
deployer of tokens that are able to have this utility or else there's just no way to ensure security or
back to whitelisting tokens. And we really don't want that. So tokens that launch on Osito,
they launch in a similar way to PumpFun, where it's a fair launch. So if you create a new Osito
token, all of that supply starts on its bonding curve. And the bonding curve is just an XY equals K Uniswap V2 style AMM curve.
You can choose how much quote token you want to seed onto that curve,
which sets the initial price and the initial liquidity,
but you as a deployer provide that.
So whether it's Honey or WBara or some other token.
And then you can also be the first buyer like with the
vector upgrade that's this gets really tight but you can basically if you're deploying a token
you can't pre-take some of the token like you can't withhold any of the supply but you can be
the first buyer of the token you have to actually buy it off the curve you're kind of like self
sniping in a way, but we allow that.
So if you have some allocation you want to give out to team or investors or whoever,
you want to do an airdrop, OCTO supports that, but you actually have to buy your token off
of its own curve.
You can just buy it really early when it's cheap, so it's fine.
But it just keeps everything fair and everything fully on-chain and transparent.
The difference, though, between OCTO and other launchpads is there's no graduation.
The initial liquidity for the token stays and trades on Osito forever.
And there's also no way, similar to the bonding curve part of PumpFun or other launchpads,
there's no way to directly LP add liquidity to that pool as you
would on a DEX. And the reason for that is we actually don't want liquidity to be thicker than
it needs to be on any of these tokens. And normally, the reason to have thicker liquidity is
it reduces the potential for the token to crash when there's a lot of cells.
It can absorb those cells.
But it's symmetrical.
It also prevents the token from really pumping when there's a lot of buys.
And this gets back to if you want 100x, you're going to go for a shitcoin.
You're not going to go for ETH.
You're definitely not going to go for Bitcoin.
You're not going to go for any of these super liquid tokens because they just don't move as much. And getting 100x in like a day or less
than a day, you can't do it on those. There's too much liquidity. Other projects that are kind of
similar to Osito, like one that I really love and have immense respect for baseline, which started on blast and is now on base.
This is an issue that they've had to deal with where their mechanism is extremely good at getting super thick liquidity for tokens that they launch.
That sounds good, but it's actually not what traders want.
Traders want high price impact sensitivity.
Traders want high price impact sensitivity.
What Osito does, and really only Osito does, is it gives traders exactly what they want.
Because any stake token, any swap fees or fees from leveraged longs or borrowing, all of that goes to getting tokens off the curve, buying it basically, and staking it.
to getting tokens off the curve,
buying it basically, and staking it.
And those staked tokens are just allocated
to manual token stakers
because it's a 466 vault.
So that's their fee basically for staking.
That's their income from staking.
But what that does is it just raises
that price floor mechanically.
Because again, the price floor is
how much of the token can be dumped,
what's the spot price once all those
tokens are dumped, if that supply of dumpable tokens keeps going down with every swap, with
every interest paid, with pretty much the incentive to manually buy and stake, you're
going to set this minimum price that doesn't only matter if you're borrowing, but also matters if
you're a trader, because that means the price cannot go below that point.
So what you get with Osito is liquidity that stays thin
but has this floor that keeps rising monotonically.
So that for a trader, it's perfect
because buys will still give you the opportunity
for that 100x no matter how far the token goes in terms of market cap
and all this other stuff.
Liquidity is not increasing,
but the floor price is increasing.
And Osito is really the only place that does that.
And that's just this beautiful downstream effect
beautiful downstream effect of this core mechanism we have.
of this core mechanism we have.
That was a great explanation on that one there. And, you know, Joey, I'm curious to hear,
I guess, your take on, you know, well, actually, I was going to say,
what I was going to ask you one protocol that you admired, but I think you got baseline as the
answer. So that was awesome to hear that. I liked some of their stuff over there going on. But,
you know, talking about bear chain specifically here you know what made you want to
you know bring oc to bear chain and uh you know what advantages do you think um you know this
ecosystem can bring whether that's partnerships um synergies um i'd love to hear what you think on that
i mean i think the the number one advantage right now is like you look around this
this room and the level of just like immediate like understanding, but also intense support
specifically from like Teddy's, Honey Jar, other communities on Barachain that are, I think, it's this weird thing where
the most bullish setup is token down, vibes still holding on. And I've experienced that
more on Barachain than any other ecosystem I've ever been in. So if the token were pumping,
I don't even know if I'd be able to get that signal. And that's just an incredibly, incredibly strong signal, especially for something like Osito, where the cultural aspect is going to be
critical. Because, you know, a token launchpad ultimately is a kind of like a media play at a certain point in a certain time,
especially around launch,
where you have to have people launching things
that resonate with the community
and will be memetic.
And, you know, looking around,
like especially like Honey Jar,
Teddys for sure,
like I'm spending a lot of time
in the group chat now.
And if you look at the pfp that
i'm wearing it's like somebody on some space i jumped into the other day said i sounded like
game because of the way i was talking and like 30 minutes later 30 minutes later i have this
just super clean pfp and i've never ever worn a pfp from an nft collection ever right this is like
the first time um yeah the homie red
rum is the one who put that together and i wear this very proudly because it's like yeah i i just
i mean the closest thing this reminds me to is like phantom before it was sonic like pre
solidly launch right there's kind of a similar thing but even there like there weren't really like nft communities it wasn't the same level of
excitement and just like this this hunger for the thing that's going to finally pop off on the chain
and yeah that's that i know i know i'm not talking about like pol or any of the technical aspects i
think that that stuff is cool as well but really for a for a product like osito specifically this is exactly
the type of setup that we want it doesn't exist anywhere else right now sorry i had my uh my mic
was not working there for a second no i completely agree with you especially on the vibes um portion
of it and uh you know with like you know, suppressed price or whatever it is.
Right.
Like to me, you know, when I joined, it was like that is what attracted to me to the ecosystem initially.
Right.
It was the people that you're getting to spend time with, whether it was a voice chats or whatever it may be.
But, you know, that's when you get to really get a good indicator versus like, you know, peak bull times or whatever you may have it.
Right.
So I love that comment.
We have, we have Fent here as well. Joey Fenty there, brother.
Yo, what's up? How are we doing? Good to talk with you.
F Dub and Joey, how are we doing everyone?
Fent it's I'm doing great. I actually just want to call out really quickly. I'll share it.
I'll retweet it again after this. But Fent was one of the first from the ecosystem to really, really shill Osito.
And this was early days of Osito.
And he made this really nice graphic of the bear on the sailboat that the bear on the sailboat that i we have on our banner with like his like bull
like bandana fan banana dude uh like popping out of the water next to the sailboat and yeah that
was that was one of the first times i was like all right this is this ecosystem is a little
different i feel like i made the right choice so fent i don't think we've ever actually spoken
together on a space before but i just wanted to call that out. That was a really nice intro to all that has transpired since then.
Dude, thank you, man.
Ocedo is like the most mysterious thing going on in the Baruchain ecosystem by far, which it kind of makes sense.
So the docs on the website right now that is outdated
yeah i mean the basic idea is there but they're they're pretty outdated we've been
we've been just kind of focused on on shipping and we don't want to i mean a lot of what i'm
saying on this space even to get into the details i'm saying because we're so far along and you know
where the contracts are done we're about to launch um i think the the risk of just getting straight
up front run by a much bigger team is is low enough now i mean we are gonna get front run as
soon as this model proves out but it's fine we have we we have a little bit plans there to be okay.
A lot of the ambiguity in that mystery was because it's such a simple idea that once you really understand what we're doing,
it would be both fruitful and not super difficult to front run.
So yeah, we've been a little mysterious on purpose um i think at this
point just based on everybody who is lined up to launch on osito and the crazy support we have from
the baratine foundation and you know people kind of at a at that level um i'm feeling i'm feeling
pretty good about it dude Dude, that's awesome.
I'm so freaking excited. I did want to get a little bit of clarification.
So Ocedo is a launchpad.
It's not an integration with Panda Factory and Ramen Finance anymore.
It is a launchpad.
We are tight with Kodiak, which is pan of factory as well as ramen
and i'm not quite ready to to reveal all the alpha there but they're they're going to be
contributing to osito's flow let's leave it that way uh so we're still we're still integrating but not not in the
way that like tokens launch there uh well in the case of ramen it would be launching on ramen but
um yeah i'll i'll get into that on a later space uh for for like the initial initial launch before
those integrations go live um yeah think of osito as its own launchpad now just like I mentioned WBARA and Honey and USDC
being able to be used as quote tokens
you can permissionlessly bring in any other token as a quote token
so if you want to bring in something that did launch on Panda
if you want to set up like a QIA vault
that lends against tokens on Osito
or even any of the LSTs and you know LBGT vault that lends against tokens on Osito or even any of the LSTs and, you know,
LBGT vault that lends against tokens on Osito. You can do that right away.
As you can kind of guess from that, we're tight with Barapaw, we are doing that.
But you can do that permissionlessly. So Osito works with any token, but in order for the token
to be the collateral that you're leveraging up that you're borrowing
against it needs to have originated on no seat okay sweet okay yeah that's awesome i uh i was
actually reading the docs like before i joined the space but uh that that is uh that makes a lot
of sense and it is exciting that you did say that Panda Factory or Kodiak and Ramen Finance are going to be integrated with Ocedo somewhere.
That's a mega bullish for everyone listening.
Yeah.
And again, these are like, we're still working out exactly how to do it.
These are like, we're still working out exactly how to do it.
There's another recently very, let's say, attention-getting protocol that we're also collaborating with.
If Carney, I think Carney left.
Yeah, Carney's instrumental there.
So you can see it's the Teddies have been miming that.
What is it? Uh, I've been memeing that viciously, but, um, that's another thing that we're,
that we're planning to integrate with. So there will be some cool OCTO integrations,
not going to be a ton of info on that before we, we actually launch because we want people to just
use the launch pad, launch stuff on OCTOito there's some really good token ideas already that that i've been hearing that are
are excellent but yeah to to just make it clear like the the ramen panda um we will be yeah we
will be we'll be uh integrating with those for sure that part is still accurate about the ducks
will be uh integrating with those for sure that part is still accurate about the docs
all right joey i think it's about time that we get uh we get into some of the
the juicy bits when can people expect oc that was that was juicy wait those bits were hella juicy
all right okay when is it going live yeah this is this is the question that i've
been getting every space uh recently so i'm i've been in defy long enough that anytime
you give a date it almost guarantees that you're gonna blow past the date so i'm not i'm not giving
a date because we're making very good progress and we're actually on schedule so far.
I don't want to jinx that.
Let's just say soon in normie terms, not even in DeFi terms.
So actually really soon, to the point where we're negotiating
what the launch sequence is going to be with a couple teams
that want to launch on Oceto as soon as we're ready to go.
So yeah, to give you a sense of our progress,
contracts have been done for a while, audited,
cleaning up some front-end stuff,
making it really working with an excellent, excellent
digital product designer who I have tremendous respect for.
I'm not throwing any shade at all.
I feel like the UI design on Barachain
could be at a slightly higher taste level.
I think we're getting there.
You know, it's DeFi.
But I want to see the front end
and sort of the visual
and just the overall smoothness of the experience
to reflect the work that went into the mechanism
making the contracts perfect i mean the contracts everything that that does everything i described
all this functionality we're running it under 700 lines of code which for anybody who's into
this kind of shit that's really really really tight um And so I take a lot of pride in that.
The front end, I want it to kind of reflect the same mechanical purity,
just totally, fully optimized,
like nothing could be more perfect mentality
that we brought to the contracts themselves.
That said, there are some...
I do want to shout out Redrum
because I think Baritrax is another front-end slash consumer user experience that we're actually looking to as a bar setter in the fact that it's launching the app store the fact that it's a beautiful app um that's actually one of the one of the inspirations and we're like
okay redrum set the bar over here barotracks at the bar over here we have to at least clear it
in order to keep the keep the progress coming on our chain uh so yeah that's that's pretty much
where we are really nailing that down perfecting it, nailing the launch sequence in terms of the tokens.
But we're in the bottom, bottom, bottom of the last inning.
Joey, you really have been around the block a lot
because that was a perfect answer.
Yeah.
Again, I've literally, anytime anybody in De DeFi myself or anyone else says a date, it guarantees they're not making that date. So I'm just I just don't even do it now.
Joey Fentz or whatever you like to talk about Osito.
What's one sentence you'd give to somebody who's a DeFi native to convince them to use
Osito?
Number go up.
That's it.
I mean, that's if you want to break down what Osito does,
like what its value is, why it needs to exist,
it's the number-go-up thing.
That's all that ever actually matters in our space right now.
Like all of this other stuff that I've been talking about,
where how we don't look at the spot price, the fees,
the can go leverage long on meme coins, capital formation,
all of this shit, it really doesn't mean anything and nobody cares
if it doesn't make the number go up for the tokens that launch there.
And right now there's no launchpad that's even come close to nailing that
or even trying to solve that problem.
You have the ones launched on Solana.
I haven't been hearing a lot about them recently other than PumpFun,
which just has a crazy head start
and is getting to be kind of Lindy at this point.
But ultimately everything Osito does,
this fees going to the ratcheting up price floor,
that entire ratchet effect
where it's like any motion of any kind
that flows through a given pool, a token and
its quote token, all of that goes to sort of raising the minimum price that that token can
have. And that's just the way that you create a number go up system. If you try to directly raise
the spot price, that's going to fail 100% of the time. Like mathematically, there's no way that's
a perpetual motion machine. But if you raise the minimum price of the time. Like mathematically, there's no way. That's a perpetual motion machine.
But if you raise the minimum price
that the token can fall to,
that is something that's doable mechanically.
And that's what Osito does.
And that's our Numba Go Up technology.
Numba Go Up technology.
Osito coming very soon.
So yeah, if anyone has any questions, you'd love to ask joey feel free
um if not fent is there is there anything you you got left in you i know you i know you've been
wanting to get some questions in i don't think so uh i was gonna ask the like the date question
so he took that question from me but i don't know i'm bullish i think ocito
is gonna be like it's gonna be fucking hype it's gonna we're gonna get a runner or three or five
it's gonna be super cool and i love the idea of uh like the pitch if you were gonna pitch it to
someone it raises like the floor price of what a token can like drop
to theoretically and i think that's so cool that's fucking awesome yeah thanks man and i i feel like
a runner on barachain right now again not to throw any kind of shade but like we all know what's up
like it's it's 10 to 20 million and we've put Osito on the map
and put Barachain back on the map.
Which honestly,
look at Solana,
that's so doable.
And there's so much potential energy
in Barachain right now.
I feel like exactly what you're saying,
having one runner
will open the gate for all the others,
and then we really, you know, we really invoke the Barrett trenches and we're in business.
Yeah, you know, it's going to be awesome.
Especially, dude, right now, Pump Fun fucking, I don't know if we got Pump Fun fans in here, but what the fuck?
Four billion?
That's fucking stupid. Like like i don't know asking
i think that whole race thing's freaking crazy and i uh it's bullish for stuff like
ocito that's actually innovating and like flipping the script
a hundred percent and i was when they when they announced that raise actually let out a huge sigh of relief because my number one thought was like this proves out on Barachain pump fun is going to clone it right away on Solana.
that we've developed in parallel ready to go um as soon as that you know we get any hint that
somebody's trying to fork us nobody's forking us before we fork ourselves so yeah that's built in
anchor and uh rust cargo and all this that's like i that that was a lot that was a lot but i learned
a lot yeah i learned a lot from that experience So we have that ready to go because I'm not getting forked on Solana.
That's just not happening.
But this raise really does sort of prevent them in a way from like, I mean, you know, you look at Hyperliquid and the way that they kind of, you know, they're a perpstex and it's a cool product.
you know there are there are perp stacks and it's a cool product but like people are so into it
because of these insane like two million a day buybacks that they're doing that they can do
because they didn't raise and because like that they don't owe tokens to vcs who need to see a
certain outcome uh to get a return on the fund and so that's something that if if pump is going
that way that's great i'm sure that they'll continue to
print uh tremendous respect for alan uh clearly built something that inspired osito initially
um but osito just directing revenue like literally most of the fees going to buy the tokens based on
how much motion those tokens have on our platform raising raising the price floor, ratcheting it up,
10% going to holders and stakers of the Osutio token.
It's just like, that seems to be what people want right now,
and that's a way that we can defend against just getting completely forked and left behind
by a much, much, much bigger team.
Do you either fork yourself first or get forked?
Yeah, well, we're definitely
forking ourselves first.
I, you know,
I have
my information sources
at Solana. If I
think that they're either
going to fork us on Solana or there's also
rumors that they're just going to leave Solana and be their own
chain,
and they're implementing Osito like stuff then yeah i think
that i think that we we deploy the thing is also though to step back for a second i don't actually
think i think that if if pump had to become osito in order to to like stay competitive
they would be kind of cannibalizing what makes them pump.
Because they don't actually want there to be this price floor that raises. The whole reason
there's so much usage of pump in a way is that it's so volatile and you can corner supply and
bundle and do all this weird shit that happens over there.
Osito, it's a lot, not even harder to do that, but that's not the way to make the most money
off of Osito. So yeah, I don't know. It'll be interesting to see. And fundamentally,
Osito, like we've run, I've run like days and days of fuzzing and Monte Carlo tests on Osito.
So we have good like simulation data,
but I don't know once people start to use this and people are launching
tokens,
I don't know exactly how it's going to play out.
That's part of what it,
what's exciting,
but we need to see that to determine like,
what are the next like products that we build on this?
Like,
I think that the,
the auto weight vault on bear tracks is going to be
super popular but we've got to see maybe maybe people just want to act like they're on solana
but on bear bear chain which is fine that still raises the price for
hey joey that was uh an absolute banger of an AMA.
I think a lot of people got to hear a bit more about Osito,
some alpha that you had tucked away in the chest.
And we got a lot to look forward to.
So I appreciate your time.
Definitely everyone who's tuned in.
You got the latest updates, what's going on,
not from the website, from Joey himself.
Definitely give Osito a follow.
Keep up to date with when they have some new tweets coming on.
And yeah, Joey, if you have any last comments,
feel free to shoot them away.
Same with you, Finn.
Yeah, dude, thank you so much for hosting the space.
Just, yeah, I'd say like,
I'm gonna be very active on spaces
up to and through and after the Osito launch.
So really the best source of info on when we're going to mainnet and when you can start actually using this is going to be my X account and the Osito X account.
Where we don't have a Discord or a Telegram.
If anyone is saying that this is the Oscito Discord or the Ocito Telegram,
it's either like a fan club
or it's just a straight up scam.
I've had a lot of experience running,
not being like the community person,
but just having these channels for projects that I've done.
And I think that keeping everything,
just like keeping the surface X and public and like people can have conversations in the comments.
It's good for two reasons.
It drives that community energy to a place where others are seeing it and they can join in.
As opposed to this kind of closed thing you have to follow a link to get to and get past all these bots.
And it also just like it keeps everything super transparent.
So yeah yeah our interaction
surface our community is all here
and yeah
basically any
ideas you have if you've always
wanted to launch a meme coin
or a token of any kind
there's no time like
the moments after Osito launches
there's a lot of like
like Bimbo which is the Osito launches. There's a lot of like Bimbo, which is the
Osito, the Mexican
bakery company that you see on
trucks all over California, and I guess
in Mexico too, have. There's
Boco Melon, which
is one of the
funniest ones that I've seen that came
out of this Vietnamese
baratang community space that I did.
They did the Coco Melon face, but with off of this vietnamese uh bear chain community space that i did um they did like the the coco
melon like face but with um like a bear yeah there's a lot of good shit coming out so
again updates will be on my x and on the bear chain x um but yeah yeah just uh any ideas you have
any kind of like w bear or honey that you have knocking around not really doing much with
um there will be wonderful yield opportunities and also um trading opportunities as soon as as
soon as osito's out so i look forward to having all of you guys and and more as well as initial users
joey absolute legend pleasure to have you on and uh yeah osito coming very soon
uh bears will catch you in the next one
all right man thank you so much thank you for coming up here it was great chatting with you
finally you're welcome and everybody remembered loud cito yeah, that's an alpha I didn't really get into,
but that's going to be big.
And that's like Barachain-wide big as well.
I think that'll be a magnet for a lot of flow
that we've been missing out on in the last couple months.
So, yeah, stay tuned, coming soon, as Honeydorf said.
Catch you all, catch you all on the next space. This was awesome. Thank you, as Honeydorf said. Catch you all.
Catch you all on the next space.
This was awesome.
Thank you so much for hosting, guys.
Light them up.
Light them up. Thank you.
