Hello, hello guys. Looks like for the first time in a couple of weeks, I've gotten co-hosts immediately without getting any issues. So we'll be ready in a few minutes.
And the amazing max is here for the first time in a while. Hello, hello, hello, amazing. I want to shout out to everyone who was able to participate in the grand saga. That was a lot of fun. And it's crazy.
I realized all the sudden as I was grinding dungeons that Khobar was in my party and that I was playing with Khobar which was amazing. And yeah it was a really great community and Shamrock is here thank you Shamrock Shamrock power life
this weekend. It's just fantastic to see so many friendly faces in game. It makes me even more excited for round two of the testing which is coming soon. And Joseph's own words, he said soon.
Soon, soon, soon. It's actually funny. I didn't realize it's the whole bar or not Joe Barter. That's a good question. Would you wish probably ask? I just assumed.
I guess it's a question for you. Is it a ho-ho or is it a joke?
We'll have to follow with Joe Var afterwards. Cool. Well, welcome everyone to our amazing edition of Move Monday.
We have our special guest for this week, which is Scala. So we have both Adam and, man, I'm bad with name, Sam today.
Yeah, that's right, San. San and Adam. Hey guys, thanks Greg.
Hopefully, I mean, did you guys get a chance to do the GSU test? I actually didn't sign up for it, but I don't know how excited you are for metapixels test.
Yeah, it looks pretty good. We've been we've been so I'm pretty busy with launch that we haven't but we've been looking at screenshots of it probably probably test that out after launch
Nice nice So what is it that you've been working on in terms of getting a lot?
Yeah, I guess I can just jump in here and talk about what we've been up to. So on our Twitter, we've been talking about our TGE that's happening later this week. And so after that ends, we'll be rolling out our main net launch. So we had our Testnet launch live for, I think it good.
3-4 weeks, maybe a little bit less. That was unsighted like last week and we were just doing a bunch of testing around our core products. Obviously throughout the AMA we'll talk a little bit more about that. But I think first it might be good to do a little intro for both Adam and I and we can probably just get started.
Sounds good, why don't you guys introduce yourselves.
Yeah, sure. I'll go first. So yeah, I'm Adam one of the co-founders of Dallel Labs. Yeah, I mean, I've been in the crypto space for quite a while. Define enthusiasts, you know, prior to this, I was working at Adventure Fund, you know, actually helped to fund invest in AppToss. I was parrified to
capital, really like to move, spend a lot of time with stable coins when I was at the fund and kind of just personally. So yeah, kind of combined my two interests, you know, app costs and stable coins and new sand for quite a while.
in the space and co-founded Dala last year. That's pretty brief intro. But yeah Sam, feel free. Yeah, yeah, yeah, as I'm Sam, one of the other co-founders of Dala. For me, my background, I've been in and out of the space for a long time. When I was still in school,
I was playing a lot of Counter-Strike if you guys know the game. Staining a lot of skins. And that's kind of how I got into Crypto in the first place. But it was kind of in and out of the space. It was gabbling in a bit. Not too interested or committed. But got really into it during COVID. So decided to take the leap and pretty much one full time then. So I was working as a researcher#
Basically just writing for newsletters and several like news outlets and pretty much like just covering like the five regulation in some other parts But then moved on to work at a small fund whereas primarily doing research and trading and again just focusing on the five and then I ended up leaving to work at several, you know, L ones doing business
development and strategy and then you know earlier like last year I was a core contributor and options protocol on EVE and yeah over the summer I got together with Adam I've known him for like eight years now when school together so yeah decided to to found a fellow back then that's a little bit of background on us
I don't know if somebody else could play too much Counter Strike. Yeah, I think there's a lot of us.
for sure. Do you guys see the news? Yes, I think. 2.4 now. I don't want to I don't want to get you know, side-track too much, but looks awesome. I haven't seen it. I haven't played Counter-Strike in years, so I'll have to check it out. Yeah, the V to my get me back into it. Volume metrics smoke.
It's pretty. It's very pretty.
Anyways, let's get back on track. Tell us about what you guys have been building.
Yeah, for sure. So I know Adam was here. Adam, when was it? Was it like four months ago? Three months ago? Yeah, I think last October, you know, we did a move Monday. Our CTO was was here and myself. Right. You know, it's interesting because I think the product has, you know, Thalazoh always changed quite a bit and happy to give a little
of a quick rundown on what exactly we were building. So our bread and butter, the core product that we're building out, is this stablecoin, also called Moved Allure or Mod. So it's a decentralized, you know, over-clutterized stablecoin. It's a CDP model. So quite similar to, you know, MakerDow, LiquidE.
I think later on I can talk a little bit more about some of the granular mechanisms that kind of underscore the stable. Yeah, it's essentially very similar to the existing decentralized stable coins with a few iterations in terms of integrations that we're building on top. The second product that we're building out
So there's really just two products. Some people think there's three but there's two. So the second product that we're building out is ValusSwap. It's a rebalance or AMN that offers core pools and weighted pools, stable pools, liquidity boot shopping pools. So I know AppToss already has a bunch of Dex's, bunch of AMNs, but
but they're mostly uniswap B2 variants. And so, I think what we offer with the dynamic ratings has a very unique value proposition. And if you guys are familiar with the DeFi on ETH, the balancer has the 80/20 VLPT, and I think that's a pretty cool, pretty cool I use of the
We tapped into the tile swap and utilizes what's called a liquidity boot shopping pool. Throughout the duration of the pool, it changes its weightings. It allows for token launches with minimal capital or liquidity being seeded. That's a little bit of a high level view on the products that we're building out.
And what were you testing in test net then were you testing the pools? Yeah, I mean we were. Yeah, so.
Yeah, so during that test, everything was live. So we were testing the stablecoin. We wanted to ensure that, well, it's still testnet, but liquidations would occur properly. That would always be over-collateralized. So yeah, the stablecoin, the liquidation mechanics, opening new vaults.
And then we had Bala swap was fully live, testing the liquidity provision experience, stable swaps, all that. And then the launch pad was live as well. So we had a testnet token LBP. So really everything was live during the testnet.
And I mean, I completely missed out and I was too busy doing other things, so I didn't get a chance to test it. Like, how is the reception for people? Yeah, so it was actually like really overwhelming. I would say we didn't expect to get that many users. I think
You know over the course of the testnet which is basically three weeks we had like 80,000 unique users. No users being like unique app plus addresses, you know interacting with the app and then we had something like five or six hundred K total transactions, you know the transactions
that we're interacting with as smart contracts and basically every day we'd have like 10k kind of daily active users. So there was a lot of lessons to be learned there about like adjusting load. You know, it's certainly ready for a main net but yeah, I mean that was like the reception was
was great. I think there was a few bugs here and there that were like ironed out things around like the stable swap in variant and like making sure that everything in the system worked basically at the extreme like educators and such, you know, very high amounts of liquidity or like large swaps. Yeah.
Was it easy to work out those bugs within the move contracts like we just do upgrade in it fix the problem Yeah, basically I think there was a very few is just around like some some math components of things. Yeah, like a quick upgrade
pass through auditors and then reaudited it. Yeah. There was probably a bit more on the server, like the web app side of things, just accommodating the load, make sure everything loaded quickly, low latency.
That was probably a bigger focus and that's easier to fix than on smart contracts. And I would just add that most of the issues that we had were, as Adam said, you know, with the server load, but also just the front end, right? So a lot of things were to be completely honest.
a lot of things were breaking down because we had 10,000 users that were really stress testing all the components. Yeah, I just want to say that for the backend, we've been fully audited by both EZLEC and AutoSec to think are great. I'm sure we can talk a little bit more about that later on.
Yeah, that's great. I mean, like even when I make my own D app, since I'm not a front end developer, I find the front end and the client side stuff ends up breaking more than the contract itself. Yeah, definitely.
So, what you guys are on the forefront of DeFi on AppTos? How do you see it growing and the ecosystem growing here? Yeah, for sure. I think we can speak a little bit generally rather than just Stala and how we see the ecosystem in your progress.
So Adam and I both did a lot of research into whether L1s and L2s, what makes certain ecosystems successful. So I think right now when you look at the landscape, you have Arb-Chub, Optimism that are obviously at the top of their game. And it's interesting because there's a lot of nuance in it, right? What makes these two changes?
successful, whereas others, I won't name drop, but there are other chains that had billions of dollars in TBL tons of users, but now it's basically just a ghost chain, right? There's no users. There's really no projects being built. And I think the success of these ecosystems often hinge on what I like to call a cornerstone.
projects. Are you guys familiar with GFX or synthetics? Yeah, yeah, yeah. I'm familiar with synthetics. Right, so I think, you know, for me, the reason why I believe that argshimin optimism continue to be so, so
successful and have sticky TVL. And obviously the air drop played a pretty big part in it. But before that, right, like before the whole air drop situation played out, the ecosystem was pretty flashed out. I think the reason for that is because GMX and synthetics offer a very, very unique value proposition and they are really innovative products.
So these products basically just bringing users where users will say, hey, I want to use VMX, I want to use synthetics, I want to use these products. And they're fairly, you know, to be completely honest, they're chain agnostic, they don't really have an allegiance to say, hey, I want to use DAPS on our arbitrary way, which is that the products are so
good is that they'll come into the ecosystem and stay there and the capital will stay there. It's not going to flow out. It's not mercenary capital that's just farming and then just leaving the chain. And so I think this is probably the most important part of having a subbuilding a long-term successful chain. And so the question really is, you know, how do you
build these. How do you ensure that if you're like head of ecosystem and app toss or any of these chains, how do you basically incubate or encourage your builders to build products like these? I think for these innovative products to be really built, you need to have nailed basics. And what I mean by that is you need to have all
the primitives, whether it be in like lending the AMM space stablecoin, that needs to be completely flushed out. In all of these components, really just boil down to strong liquidity. And I think something that aptos to be completely honest has been kind of missing is strong liquidity on chain. So I think APT
has a total of $7 million in liquidity. And I know that this is an issue that Solon had even at speed. Correct me if I'm wrong, but I think it was so lent. And I think at the end of last year, I can't quite remember the timelines, but there just wasn't
enough sole liquidity to facilitate some of the large liquidations. There was tons of bad debt being built. Oracles were basically on the brink of like breaking down. These basic primitives really need to be fleshed out. That's what we want to do at FALA. That's why we're building the AMM.
That's why we're building a stable point. We want to help the ecosystem grow in its first stage. And then we want to build out, you know, as I said, like the innovative products and innovative integrations on top. I hope that kind of makes sense in terms of our approach to, you know, while we're building the way that way we are in, how we see the ecosystem progress.
That's really interesting actually. So in terms of TBL, what do you think is a driver? What do you think is a DELANA? And obviously, you know, the DEL drops.
is I think mo calls it like a sugar rush right it's very short term big bump and then TVL obviously leaves the ecosystem as people try to find the next air drop somewhere else right so in heat-hack products what do you see as kind of a long term sticky features for ecosystem right I mean I think you
You said it yourself, crypto really is just a game of, you know, it's just an intention game, right? And a lot of a lot of these guys will just completely leave the chain, will not return after they do their thing, they farm, they get their eligibility, but we've done, right? So I think, you know, most chains that have the capacity to
and TBL at tens of thousands of users and they were doing really really well but unfortunately for them you know it was clearly all just like mercenary capital and mercenary users that just used the chain and decided to leave and again this goes back to what I was saying right like the corner serve projects like GMX and synthetics you need to have users that
constantly return regardless of the market conditions, regardless of where the chain is at in terms of its air drop or the hype cycle. And we'll continue to use the product because it's good, solely because it's good. I think GMX is a super innovative model with the way they use GLP, synthetics with
SUSD is also a really great model. So people want to trade, right? And they want to use decentralized purposes, and they realize, hey, like, you know, this is a great alternative to the UIDX, you know, GMX and Sympetics are fantastic. So I think, you know, that's probably the most important part in having sticky TBL and having, and basically being able to retain users.
Interesting. How do we get there? You're building a piece of this larger hole. What is required for us to get there? We can bring stable, build brick,
We can create easier ways for people to bring liquidity from other chains, like the established things like that. But ultimately, what are the other pieces here for a holistic divide ecosystem?
Yeah, so I mean, I think we can probably talk a little bit more about, you know, or roadmap, but yeah, I mean to answer your question, you know, I was talking earlier about, you know, how do you ensure that these products like GMX and synthetic synthetics and these innovative products get built within the ecosystem?
And obviously the first piece being you need to nail the primitives and what Thala is doing in its first iteration or review one is kind of encompassing many of these primitives and Yeah, and basically just trying to build up the liquidity and the TVL
within the ecosystems, that key pieces of infrared like the auricles can actually track prices properly and that leads to more derivatives being built on top. And I think it's to be to offer more nuance into
a lot of the innovation that happens on Ethereum and the L2s like Arbitrum. I think it has a lot to do with the composability. So for us, the task swap offers weighted pools, it offers all types of different pools, and in the future we'll add something like boosted pools which can really
really help like lending markets and their deposit receipt tokens. So there's that composability piece that we want to build out first. But what you're asking I think is a really hard question. And if we all have the answer to that, like we wouldn't really be here, we would, you know, things would be so much better for everyone. But
You know, for us specifically, something that we're really betting on within this table coin is Revald assets. And so this is something that's probably going to be shipped within our V2 sometime in Q3. I don't want to make any promises in terms of timelines. But yeah, something we really want to do is integrate Revald assets as a collateral base for mod.
And, sorry, please feel free to jump in if I start going off of tangents or just ranting. But I think the centralized stablecoins, you know, today you look at, you look at LSD, you look at Die. And I think they do a great job. You know, LSD does a great job in being decentralized, but it's not very capital-efficient.
and dies incredibly capital efficient through its PSM, but it's not very decentralized as I'm sure you guys all saw when Circle D pegs and people found out that dies primarily backed by USDC, so it is still quite sensible and susceptible to decentralization risks. The way we're trying to tackle that and trying to
have a compromise for this, you know, Chris Stablecoin-Chilemma is, you know, having these partners from Ethereum, Solana, these real-d asset protocols and integrating their token assets, their collateral assets and white listing it for Vethala so we can integrate that into mod.
And I think that basically serves as an alternative to having fiat stablecoins in a decentralized stablecoins collateral composition. So they're stable. They're not very volatile. They're also yield bearing. It's a really soft for that capital efficiency piece, also ensuring that the protocol still remains largely
and I'm feeling very jump in and anything else about the real assets. Yeah, I mean, there's a pretty good example of this, you know, we're talking about like pieces of collateral is like US Treasury's on chain.
Like the US Treasury's, you know, op chain in the real world are probably like one of those liquid, you know, pristine pieces of collateral and there's been like some pretty good efforts to like bring them on chain, like on the stream, like a bunch of others. And, you know, it's kind of like the example of what we're working on, but say like we add
You know, you can explore really interesting strategies like you know, leveraging up like depositing US Treasury as collateral minting mod against it buying more US Treasuries with that and getting like the recursive yield and That's actually like a really unique product, right? Like that doesn't exist
This can't access that, but it's a completely unique value proposition for crypto where you can lower fixed costs, have things 24/7 be transparent, liquidations and collateral composition.
like that. That's where DeFi apps really have a long-term future. It doesn't just rely on the circular money flow between chains, being bridged around and short-term yield farming opportunities as you guys mentioned. I think it really does come down to that. First, we build
this crypto native liquidity, you know, we collateralized with, you know, APT, like, say, APT, USCC, whatever. But then we add these were what asset pieces as collateral that have ton of option liquidity and then build like a really interesting, you know, long term use case.
What is kind of the unoff-prem for them? I think that's super interesting, but how are users on chain-on-guess certain that the asset is actually backed by the treasury?
Yeah, I mean, you're talking about like, yeah, so it does come down to like the partner protocols that we work with and like, you know, how like, trustable the custodians are. You know, for example, like, I named dropped a few, but you do kind of have to like do your own research.
and kind of like rely on like the reputation or such of these custodians. That is a really good question. It's like how do you know it's fully backed? You kind of have to evaluate it just like you'd be evaluating like a traditional security or a fund. But the thinking here is like it starts out small right
like, you know, users maybe they deposit a couple hundred USDC by US Treasury, like they hold that for a while, you know, they redeem it, they test the redeem ability, okay, they can get their USDC back, you know, and it kind of like scales up over time. Obviously it's super nascent, but I'm, you know, just like everything, you have to
give a time to prove itself. And then, you know, once these like systems can show that, you know, they can handle millions of dollars of redemption, you know, volume. Like that's, you know, it's probably a pretty good sign that they've done in a good state, just like using like a centralized exchange chart, you know, for like withdrawals or deposits.
Yeah, I asked because I was looking and seeing the thing about I think someone was moving in $25 million batches outside of those exchanges and then the whole thing with CZ and the delegations that they're inside our trading. They're like they're a journal of TCTuring against customers and stuff like that.
I definitely think that the decentralized spaces is really the only way that we can solve for these problems in a large way because putting so much trust in centralized exchanges is dangerous as we've seen I think multiple times at this point. But it's really hard to
to do this kind of fiat on ramps and how do you, you know, bridge and, you know, if we move the trash basically right from CX to these partners that buy and sell these assets, I do think that that is adding, you know, as long as you have one partner, you're adding a level of
It's possible for one partner to be not necessarily as honest without taking down the same whole level of trust that we have with just by answer, for example, or just Coinbase. Yeah, for sure. I think so too. I don't know what Adam was saying. I think on due, which we're exploring their tries to use with.
They pretty much work with Black Rock Pimco, some of the biggest studios and also Coinbase, Clear Street. The counterparty risk is very defined. But Max, what you're saying definitely makes sense. And I think time and time again in the past year, we've just these centralized
institutions and we've been like incredibly wrong on multiple fronts. And I think that's the great thing about, as you said, like on-chain, it's fully transparent, you can see everything. And even USDC, I think, was only two weeks ago. It's crazy. But yeah, there was just so much confusion
there was so much fun. People had no idea what was going on. They had no idea how big the hole was in the balance sheet. I think it was just a weekend. The circle just went completely radio silent. People are panicking, just selling USDC at like 90 cents. But if their balance sheets and collateral are fully on chain, which it is for us, people can see
where the money lies, right? They can exactly pinpoint which wallets it in, which, you know, multi-stakes it might be in, whether the treasuries are, how can we backstop it? So I think that's a really unique value proposition. And I think I'd be sure coding it to say that, hey, like, you know, DeFi is perfect, you know, centralization is already
as it is, it's perfect. I don't think that's true at all. We saw DPEGs across like MIM and these other decentralized stablecoins. And I think there's a lot of stress testing that still needs to be done. Yeah, I think time and time again, DFI is really proven itself to have a unique value proposition.
- Yeah, I'm super excited to see that you're trying to push things forward here in ways that we're not seeing another chance. I think it's super, super exciting.
Yeah, one thing I wanted to say, way from stable corn, you guys are building a coin voting governance tool as well, right? Yeah, that's right. We haven't released too much about it publicly, but
Yeah, I mean, so we're launching our token right and you know presumably a lot of other you know app costs like DeFi or you know gaming or whatever protocols will be launching tokens to and There isn't any like coin voting governance tool on app post yet
It's definitely a needed feature, coins need governance capabilities from community, legal, utility standpoint. The simple product is similar to Snapchat.
But it will be fully on chain. You submit proposals to like a protocol and it just voted upon with the coin. So yeah, I mean that's that's going to be live pretty soon after we launch it.
token. Hopefully it won't just be us using it, but there will be a lot of other protocols on AppToss. Yeah, it's like a foundational layer governance is super important. We have a Twitter account for it, but no public docs and such.
Yeah, I guess I leeched an alpha from you guys. Oh no worries, no worries. We're not trying to hide anything about it here. We're just, yeah, no worries. We're excited trying to bail it as well.
Yeah, it's very similar to we, I think recently with Ari's made an NFT voting tool for on-chain governance as well. Yeah, that's right.
Cool. And one other thing I wanted to ask about was I know that 0xp1, the guy, he's always asking me all kinds of questions all the time. I know he's helping a lot with some new stuff in the Explorer space. What do you tell us about that? Yeah, sure. So I think
There's also probably some limitations on what I can say, but basically, the app does explore and it's like state right now. It has the basic functionalities where you can input an address or transaction and you can see some basic information.
like some of the state changes or like, you know, what address is interacted with what, but it's really missing like some core features that, you know, say like ethos can house. And, you know, the two most important ones from like a user and development standpoint are writing directly to contracts and then being able
to read the source code of verified contracts. We've basically been working with the Explorer team to add in the functionality. You'll be able to interact with contracts directly to the Explorer. If you don't want to
use a front end or you don't trust the front end, where you can directly go to the export and interact with that contract, which is super important for my security and UX perspective, as well as being able to read the code, you know, bet the code yourself and everything. And that should be released pretty soon. I think the next week or two
Yeah, I think this is amazing. So these are two features that I've wanted for a long time and thank you so much for helping me get them happen. For those listening, I think one of the large differences, sorry, one of the large differences between I think a lot of IBM chains and apptops is that when you publish a contract to the chain, you actually have the ability
specified that you want to publish the source code along with it. So it's not necessarily centralized as either scan, having to go and try to see if they have the source of the contract. But you can pull it down from on chain, you can try to compile it yourself, but just make sure that you know the hash is managed. And then I think this
interacting with the contract is a huge boost for UX too because every once in a while I do have a one-off situation where I have to go to the CLI and everyone probably be in there and it'll be so much easier to have a nice creamy UI to be able to do that so thank you so much for bringing to really just
No, definitely. We had this idea internally, but frankly, a lot of other chains, they're kind of slow at doing this stuff.
pretty excited and pretty glad that you guys were like I think we basically got to it right away then we we proposed the idea and then your engineers set up like a Slack channel and we basically got out yeah great stuff
Yeah, we're always trying to build what people know. Thank you. I think else that you guys want to mention, by the way.
Oh, I don't know. I think there's still quite a few things. I guess we could talk a little bit more about roadmap. We could talk about our recent partnerships, integrations with player zero. There's a few things that I'll leave it up to you, whatever you want to hear. Yeah, let's do your roadmap real quick and then I'll open up the floor for questions.
Yeah, for sure. So we should be releasing a blog post on our tokenomics and how exactly that'll work in the next day or so. But you know, so within the products roadmap and what we're building out, there's obviously parliament, which we just talked about. There's the rule-dasted module that
We teased earlier which will probably be skipping sometime Q3 and I think you know one other big piece is the VTokenomics so if you guys are familiar with curve or or balancer this is something that they built out right and we want to develop a VToken model that's very similar to balancer so it usually utilizes an 80/20
and they can basically vote for these gauges and so they're rewards, the liquidity mining rewards that get sent to the pools. They basically control the emissions and they choose where the T HL emissions would go to. So this is something that Kervin invented has been really, really awesome for them.
I think for the past two years. There's been a lot of products built on top of that like Convex, like the Briking Layers. So we're really excited to push that forward. And so I think we also partnered with players here very recently, turning our stable coin and our governance token into OFTs, which is their omnichain, fungible
token standard. And so we're looking to explore like cross-chain gauges with that. And but I mean overall like you know what the VTokenomics would really enable is first of all like an optimal spend of liquidity mining incentives. So everything is aligned and also you know having more value accurate of measures for the token holders.
Cool. Cool. Sometimes the DeFi stuff goes on my head, honestly. Not the best in DeFi. That's why we got Max here to ask the real questions.
Anyways, so I'm going to open up the floor for questions and we can bring some people here to ask questions for follow or next or main.
I'm pulling up theologues from first bake here.
Yeah, so we do sorry. Yeah, we don't need some time before before I can do anything. Yes. Thank you so much. Adam and Sam is a name right if I get it right.
Yeah, that's right. Yeah, so really curious to know, you know, about all the projects building an obtuse. You mentioned that you had like an expected number of users. If I remember correctly, around 10,000. So how did you we had 80, 80,000? Wow.
the total over the three week test net. I was like 10,000 daily. Yeah, so that's super epic. I don't know if any other app this project has some like so many numbers right now. So can you tell me a bit more like how did you found those users? Did you expect more or less? And what was the experience?
Yeah, so I'll just answer canonly here like I don't think we like went out of our way to find users They just kind of use the app like you know obviously we we have like a big Twitter account and I think we were pretty I
good with our comms, you know, communicating like exactly how to use the test net. You know, when it was, we, you know, broke down like the wallet options, which I think was pretty important like, you know, showing like how to use the wallets, you know, march and pump them like onboarding people from other chains.
And then I think we also have like a pretty big global community as well. You know, we were tracking these metrics out throughout the testnet, but yeah, we just had like a really diverse geographic component of users, right?
a ton of users from South Korea, from Hong Kong, from Canada, kind of like across Europe. I think we did a pretty good job at like translating our our testnet content into like different languages too so we translated it into like Korean, Chinese,
like German, etc. of range. So yeah, I think like appealing to the wider crypto community as well as being like clearing our comms and breaking down how to use the app helped out, kind of exceed our expectation for test-net users.
Yeah, it's exciting to hear that you translate into multiple languages. I feel like that's something that we need to work on ourselves as well.
Did you find any particular languages that were most important to add next?
Um, I think well, so I'd like the existing language that I mentioned, those are, were pretty big. I think app also has a lot of users from India and Vietnam, which like we didn't initially
translate content for but that was like a really big user base. So I think yeah like Hindi Vietnamese probably be pretty good options to like translate future like you know app also like paper content into
Yeah, I know we have a, it feels like a strong compete in India, Vietnam, and even I think Turkey after that. Yeah, that's right. Yeah, Turkey, Turkey was a big geographic component as well. Yeah.
Cool, Any other questions Alex?
And pleasure to meet you guys.
And quick question, we're pulling up the next person. You know, so if you look at the analytics, that is kind of like the center of
You know, like a very large ecosystem that has a lot of different, you know, products built on top of it. How are you trying to balance building out these, you know, these additional products yourself versus, you know, trying to get
to build some of them. Right, I mean, we're just basically just offering the tools, right? We want to build up that liquidity. We want to have that infrastructure really bolster whether it be, you know, or goals or whatever. And, you know, we'll try to partner within, I think that our launch model, we're open to like an
And we definitely want others to build it. We're very spread than already in terms of what we're tackling. And you're right, I think synthetics is really great because there's a bunch of things built on top with that use SUSD right now. I think the biggest one being like Lyra and there are other options protocol.
that utilize SUSD. So I think the really important part is, as I talked about earlier, enabling that composability piece. So I think that can have many different forms. Speaking of optimism, my piece of an X is also an example where
It utilizes composable stable tools from balancer. I think as long as we build out these primitives, and there is solid launching liquidity, and there's good TVL, naturally the builders will come, and they'll build strong products that can leverage on top of these primitives.
Yeah, I just want to say I didn't look at your roadmap yet. Do you guys plan to implement staking or you focus on other projects?
So by staking do you mean for the governance token or are we talking about like Alistair?
I'm talking about the blames like any staking solutions for holders, I mean, or after stockings or your own like delegated or really quick staking. Yeah, for sure. So I mean for our governance token, you know, I think the B tokenomics will probably be, you know, the alternative to just regular staking.
I don't really see a lot of value in having like single sidesteaking just then convuls and you just trip and tokens to it. But I think they'd be tokenomics model. Yeah, I mean, you can you're essentially staying at the LBT, right? So I think that's a really good model. We should have more information around that by tomorrow. So yeah, just look up for that.
Hey, Shamrock, you're up.
Hello, everyone. Actually, it's pretty unexpected to be in an open stage so early because you always bring me up in the end of the spaces. So yeah, first of all, shout out to all the survivors of first community test of
I got limited. It was really insane. Today I'll finally have some sleep, you know. Yeah, especially shout out to Max. Yeah, and sorry for the four we had not much time to help you to level up because it was such a huge difference.
with the levels. But yeah, I'm happy you actually got into my latest screenshot on the, you know, when the service were about to shut down. So yeah, it was huge, huge, like enormous fun.
And yeah, I want to actually make a proposal maybe for the next or one of the next move Mondays to bring up the metapixel team once again. So we will have some conclusions on the first community test. It will be really, really funny for you know,
for anyone, I'm pretty sure. Well, for me, obviously 100%. Yeah. I think that would be great. We just have to work out some time because I think they're all on to read. Yeah. Yeah. I know it's, you know, it's a time zone issue, obviously,
But I think we can find some solution because there are so many people who hype about the project and who had no chance to join the first community test. And yeah, since we shared all those screenshots and videos,
I think they're even more interested about the project so I think it will be a really good idea. Well, I'm pretty sure you will find the best way to make this happen because yeah, I believe in you. And yeah, Max, I have a personal question when you will follow me back finally.
It's been a while. I don't follow back a lot just because I get a lot of those invites and I honestly don't look at the screen but I followed you back so thank you for your support. Yeah. Let's go. And yeah, a question. Yeah, let's
get back to the topic. I have a question to Tallah. Hello, Adam. Hello, Sam. Actually, as you all know, we're in like, how to say it, airdrop testnet, hont meta. So since you had so many, no registered
for the test net is kind of obvious that there are many many you know I drop hunters and even since you as I remember good you never mentioned that this test net will be you know rewarded somehow or something like that I'm still curious if there will be something like that how you
will manage people who were abusing all their testing system. I'm just curious about that. And if you're actually going to do something like this. Right. So I mean, I'll cut to the chase, right? We are not doing an aircraft. And I think either we've we've looked into a lot of the past air drops, at least the application layer.
And it's pretty conclusive that they're not very like ant in their value additives. So I think the most recent ones that I can think of, Blur, which is not really defy related, but hop across these bridges. I think, you know, Airdrop, this is better of Airdrop farming that's really got to come alive again with the Arbiter
I don't think there's that really necessitates giving out free tokens.
You just doesn't really lead to much conversions and we've looked into it. We've done significant research into this. We're looking to the older base of the people who are initially air drops. I don't think it really converts to a long-term community by any means. It's usually just short-term actors that chase profits that just want to dump and move on. You've seen that with
So many chains time and time again people come in they they farm it. They get the air drops. They sell it and they just leave the chain right so that's kind of our stance on it. I mean, I'm happy to talk to anyone that has you know anything anything to really say that's like substantive in the discord channel, but that's kind of where where our stance is at right now.
Yeah, I see. Thanks for a reply and also one more. Since you will have the stock generation event, will there be any, you know, sales of token or something like that, like, you know, ICO, ICO,
I feel whatever. Yeah, so the mechanism is a little different and I will you know refrain from talking too much about this on the space right now, but yeah, we have some some posts. I think it's like the past like three posts, so you can just refer to that and look at how the LP mechanism works.
It's a little bit different from like I do's or I see us for a very good reason so yeah feel free to just chuck this out if you have any questions just ping me in the discord Yeah, I'm actually one of the first who joined the top of the discord yeah, I have
find your role. I will obviously, you know, ping you and ask any questions. So yeah, I don't want to take too much time on air. So yeah, thanks for having me here. Thanks, Apples team. Thanks, Tao, team. Yeah, I love you all. And yeah, let's go.
Thanks, you're welcome. Always fun to have you on. I don't see any other people requesting, so please, if you have any questions for the tall team, Russ, comment up. And meanwhile, I will go and fill the space by talking about last week's event that we had
So I was at the Metapixel PC bar PC bomb PC bomb PC bomb And it was a live playtest of both grants I GSU and as well pixel craft so we had a fun little event in time
And just go, hopefully I get to meet a bunch of you. And it was really quite fun. I competed against a couple of our teammates and as well as some other people who got really annoyed with me when I kept beating them in the battle royals.
I was really glad to see so many people come through. I also attended GDC for a little bit and I wanted to add that.
I went last year and I went this year. One of the main differences that I saw was this year there were more game developers talking to developers that were building on a bunch of different chains about how the experience was, how these are fts, what you can do with them. It's really cool to see in year where you
over a year that the space is growing that there are more and more serious people, you know, from D5 games, from everywhere coming into the space and building that, you know, Web 3 is not going anywhere. Web 3 is only going to become more present in all of our lives.
Alex, you have something you want to say? As well as please everyone, if you want to request something, come up, tell me who you want to see in the next Monday, anything. Thanks. I just want to say perfect timing. I just posted last week of date, anyone, once you know, I just posted in the comments what happened in October.
5 seconds of fuel. Sorry.
I've seen your tweets, you've been doing a good job summarizing everything. A little bit of people flooding your own tweets, but that's just, you know, community that comes with Twitter.
Yeah, just a quick remark and shout out to Alex for gathering all the statistics. He's doing really amazing job. Yeah. I'm just going to be really appreciating. Thank you, Ro.
So we have time for some casual talks. Oh, something out there is a question.
No, like I'm also on the casual talk. So we had last week, not this weekly. We had a woman in the web 3 space or was it too big ago? I think it was last week. It was last week, the one last week. So when will we have men in web 3 spaces?
I think that's pretty much every day, so it's okay. I don't think we need one.
I'd love to get to a world where we feel like we need a men in Web 3 day. I think that would be a complex to get to eventually, but yeah, no. Fortunately, we are. And with Web 3 especially in Tekken General, it's been a
skewed, I think, demographically, for some time. And it's always really, really cool to see people
building and getting past that building. I will say one good thing about what three is with the decentralization is very international group. I mean, I I've worked in software for years and
I used to work at Amazon and I worked with a lot of international people but generally they would end up moving to the US to work as a company versus this actually enables people to work from their home countries all around the world.
communities in Turkey and Vietnam, there's people in Nigeria, there's people in China, there's people in Korea. You have Shamrock somewhere in Europe, I don't actually know where because I don't know if the pub my head. It's great.
Yeah, actually since we're having some casual talks, casual questions and yeah, Alex asked about the old man in spaces Yeah, I have actually a kind of similar question when we will have some you know
key opinion leaders move Monday like something like top 10 of Spook's list personalities or something like that because yeah I'm really curious and I think actually community wish to hear something you know on stage from the people who's you know contributing to the
community like you know green dain farming engagement like every day like 24/7 like myself you know so yeah maybe you will have some you know plans or ideas to organize some spaces like this. Take the Spooks list and take the top three people and they're the guests for the next week or something like that.
Well, actually like top 10. There might be only 12 slots. So 10 people would be too much. So like I said, like top five, you'll you don't have to fight harder to get to the top five then. I like, okay, okay, I was top one and yeah. Why is
Why it's such a weird timing, you know? Okay, this is the idea. So you say like okay guys next week whoever gets on top five and this book's list and then you will see like hundreds and hundreds of thoughts about this. Let's get after this great again, you know? Thousands of tweets.
Anyway, my idea actually was, you know, because we have, it's a topic about more like, you know, some support your local influencers and, you know, key opinion leaders, something like that. Because many people, you know, ask
to bring some big influencers to APTAs, which might be many people, it will be like a cancer for the ecosystem. Because we have such amazing people who really greened them this.
This stuff like every day every single day you can you can check your like you know our accounts and you will see like contribution to app does like every single day every I will say so yeah, if there will be like you know any opportunity to have spaces
like this, you know, some like casual faces, it will be really cool. So people will know their heroes, you know, and maybe we'll get some inspiration and something like that, how actually they can, you know, contribute to the app those ecosystem as well, because yeah,
It's all about people, it's all about community. Maybe I'll run it in for one someday with you guys as well. Or I'll talk to the Spooks List guys. Maybe they can just have a Spooks List space that's only like the top people in the Spooks List. How's that sound?
Well probably will be cool. It's an interesting thought experiment. Definitely. We got three minutes left here. So a primal key I called up a key requested. Hello. Hey, how you doing Greg? You guys got an app toes name system now, but that wasn't
question but I see your dot aptos but I was actually going to ask you as a question um you guys feel like gender of AI or somehow influence the future of blockchains in any way it might be aptos it could be any blockchain or anything to do with blockchain or web3 I mean yeah I think it's very interesting
Well, and I know that a lot of people especially are using AI for coding their stuff. It's going to be really exciting when move like the smart contracts are coded via like chat GPT or whatever, then it will cut down a lot of the work for a lot of people.
Yeah, I can say that internally like we're using so GitHub has a GPT flavored AI that it does for code. And we use GBT a lot of engineering actually both for comp auto completing like really really simple methods.
stuff. It saves a huge amount of time, right? But I also would add that it's very easy for GBT to just sound confident and good and just have no idea what's talking about. An example, you know, a Lin is a photographer here and he went and asked the developer
So I'm excited to go that way. For engineering, things that are like have a very clear answer at this point in time with GPT. I think it's fantastic. But I would be very, you know, when I see people who build full end to end apps and stuff or like back end with GPT who don't know how to code it.
and I think it's a glimpse of the future, but I do worry how secure these systems are and things like that because
GPT always sounds confident, even as no idea what it's doing. But it is... I mean, you always sound confident next, though. Yeah, so that's what I'll link you back with. He was like, "Well, you know, people have been doing the same thing for thousands of years, and he's not wrong."
He's not wrong. All right. I want to let Alex say something real quick and then we're gonna end the space for this time. I have a question for Max. Maybe it will take too long, but can you explain it because certainly recently released the more proper article? Can you explain in the GEN terms? What is it and why do you use it?
So I can explain really quickly so that we don't go over too much. But the ideal for Moop Proover is that you can, you can almost like, you know, you write human tests for code. Instead, this is right
a specification of what you expected to do, and the move proof will run through all possible inputs, all possible outputs with math, and basically verify that your expectations are correct given the code you bring.
Yeah, that's basically, you basically mathematically prove that what you said you expect is expected in all cases. Thank you, everyone, for joining this episode of Move Monday. We'll be back next week. And I hope you all have a great day.
- Thanks for having us. - Thanks guys.