Okay, so let's get started. Hi, everyone. It's Gina and I am really excited to be the host of the IIA Between Arba Jimmy Sider and Frio Finance. Today we have the opportunities to discover more about this exciting projects in the blockchain's bait and to hear directly from
the team behind. Okay, so I would like to introduce CJ, the head of Australia and visiting up this step from Phil. Who will be the co-host of the special day? Welcome CJ. Hey everyone, thanks for having me here. Are you able to hear me a lot and clear? Yeah.
Perfect, thank you so much. So to begin with, I would like to introduce some basic information about Abuchim Insider and Fluo. So let's start with Abuchim Insider. So Abuchim Insider is a media channel in the Abuchim ecosystem. We always apply the
latest hottest and fatted news. We also provide in-depth analysis and articles to help users have a monthly dimension of views of the ecosystem through infographics. And besides, we regularly organize AMA latest ones, which will give audience the opportunity to interact with their
their favorite project. So and rate their courses with the projects. And our main star today is Phil BCJs. Let's introduce some basic information about yourself and Phil. Sure. Hey everyone. Thanks, Larry.
me. So as I already mentioned, I'm CJ, head of strategy and peace death at flow finance. And just a little bit, we are a docs development team, based in Singapore. So all of us are basically known to the public. So you don't have to worry about that. And we have been in crypto since 2017, during various defi protocol. So we are very familiar with the instant out of crypto.
Okay, thank you. That's great. Well, you know, we are in this way today and we have much information to be shared. So let's get started with the Q&A sessions for a few. Are you ready, CJ? Yeah, of course, I'm ready. Okay.
So we have the first question for you. Let please introduce your finance to the arbitrary community and what is the project about? Yeah, sure. So Flow is basically an Omnichain liquidity platform and Omnichain being means that you can actually deploy
it your assets from any chain into another chain on to another decks using our platform so you don't have to go to like the hassle of bridging and basically we help users to perform market making strategies on any chain on any taxes and then automated and dynamic way. So the aim is basically
to allow more users to be able to partake in market-making strategies and activities in order to earn more yield over time across all of crypto and there's also like a bribing and bonding mechanism to allow other Dexas and other protocols to incentivize your liquidity and loyalty.
So just a quick example, for example, I like using GMX gel pee, right? I have been in gel pee for like over a year already. If there is a way where I can actually bond my liquidate team so that I can get more yield, I would have love to be able to do that, but that doesn't exist.
could be potentially helping different purposes to offer such a loyalty mechanism so that they can receive sticky liquidity and reward their loyalty community. So that's one example. So in short, Flow is a liquidity management and by being platform as well as a liquidity bonding platform.
Yeah, that's awesome. So, can you share why was flow finance created and what is the problem that is provides the solutions to and how does it stand apart from other liquidity management projects? Sure, so I'll go one question time. So why was flow created?
It was mainly because we saw a couple of different issues that were happening. So firstly starting from centralized exchanges, having a lot of issues, from having their assets being like not custody, so that's dangerous. And then there's like counterparty reason. We also saw what happened with FTX and having their assets sort of like
And then not being able to retrieve them that's really dangerous. And the market making in a lot of these centralized exchanges are also a little bit dubious. Sometimes you see the market makers can create like a scam week and then that's going to create a not the best experience for for users. So a lot of
problems related to centralized exchanges have caused users to look at decentralized exchanges to have a better alternative for their training purposes. So we build flow to help decentralized exchanges to obtain more liquidity from VTL users and not just have centralized market makers
being the only form of market making for different taxes. So we are decentralizing market making to anyone that wants to participate in it. So the other reason is there's a lot of different purposes in crypto, right? There's like a couple of purchasing and they are basically sort of like in a gold rush trying to find the big real
traders and we are trying to basically create a marketplace where they can find these real traders easier and attract them directly with incentives so that they are able to get all these traders onto their platform and it's going to be a more streamlined effort in knowing how to attract liquidity and therefore getting the traders
to trade on their platform once there is liquidity. It's also a huge market. If you look at the pubdex volume on on-chain versus on centralized exchanges, daily we are looking at 1.5% of pub volume on-chain compared to the remaining 98.5% happening on success.
right, centralized exchanges. So that is a huge potential if we were to get 50, 50, um, that's a perp volume on both on chain and off chain, but looking at a huge multiplier of volume for the on chain side of the perp volume. So that's why we are looking to actually, um, sort of be the bridge
Right, to close this gap and if you look at not just that on the off-chain data for spot volume is actually 3 to 5 times lower than per volume So in fact, it shouldn't be 50 50 it should actually be way more per volume that's happening on chain But we're not we're just not seeing this right now because I think the
liquidity aggregation for pub Dexers is one of the pain points. So flow is helping to bridge that gap as well. Yeah. And overall, we think that pub Dexers have matured a lot. They have found great product market fit. Right. We have seen the case of GMX attracting a lot of traders as well as a lot of liquidity. And we sort of want to bring this model
to the rest of the other taxes. And we think once we have a much more robust liquidity infrastructure, the whole public scene in crypto, especially on-chain, will be able to flourish a lot more and we can help bridge that gap and it's a huge market growth potential. So that's what we are looking to do and that's why we built flow.
Yeah, thank you so far you are sharing and Can you talk more about the flu or mode and what kind of user dies cater to? Yeah, sure so a full world basically can cater to all kinds of users because it's really dependent on us and
in the future the general public to build market-making strategies, but for the start we will keep it simple and do something similar to GLP because GLP is a product that is used by so many crypto users, they are very familiar with how it works with the risk and reward that it brings. So we are going
be doing something like gel pee where they liquidity providers add as a counter party and then they can sort of earn the trading fee as well as the traders P&R specifically the losses and as we know statistically in a choppy market traders tend to not perform
So we will launch with a product similar to GLP first and very soon after we can do all kinds of other vortilogy like the pseudo-dota neutral vort for users who are a little bit more conservative right or we can do more sophisticated market making sure
strategies for users who sort of want to be putting their money in a more sophisticated strategy that that to incentivize market makers use, for example. So all kinds of votes, but they start off with something similar to gelp because it's more simple and more easily understood. Yeah.
Yeah, that's awesome. So, can you share more about the next tips to Ken Fluo and what are the various variations of Fluo and can you go more detailed about this? Yeah, sure. So, Fluo is basically the governance and the utility token of our project.
It's similar to most project token that is liquid and transferable. But we didn't want to only have justice token itself because we think that there is going to be a need to have different variations for different purposes. So we started off creating an S-code version.
So ES flow because we want this to be the liquidity incentives for our vaults, but we didn't want users to just come in and farm it and then straight away sell it and then the price would just keep going down rapidly. So we thought that that's not the best way and then we saw GMX introduce a ES GMX version as part of their
and we thought that was brilliant. I have been farming ESGMX for over a year now and I have still not sought a single ESGMX. So I know for sure that some users will basically just hold it and they won't actually try to sell it and that's going to help with the project's price.
And the idea is to allow this token incentive to attract users. And once they come in, they see the real-yield potential and they stay for the real-yield. So the API can maintain at a higher price because the escrowed version prevents the token from having too much self-precious and they will come in and then they will experience
the real year and then they would stay for the real year. So that's the idea behind the S code version. And there's a ST version which stands for liquid stick flow, which there's the version that can be transferable as a stick token. And the reason why you want to stick it is because in the future we can enable what performance fees.
So all the vots that we have, they can have performance fee that will go back to the SD flow of stickers and that's going to be the main value of curl, but that can be enabled anytime in the future through governance vote. And we also have a VE flow model, which is
similar to Curves VE, so like the VE Curve and that's the one that helps to boost voting power as well as direct incentive. So if you have VE flow and you sort of want this particular vote to have more of ES flow incentives, you can vote to direct emissions to that vote so that if you
If you are a protocol or if you are a public and you want more liquidity in a particular market or in a particular token, then you could potentially buy a VE flow or bribe the VE flow users to vote to direct emissions to that vote. So we are basically looking at all of the modern
tokenomics mechanisms and seeing how we can actually integrate them to create a more sustainable tokenomics that we feel would be beneficial to all users, from liquidity providers, to the protocols, to publics, to traders, etc. So that's the different variations and why they were built.
Yeah, thank you. So what about the roadmap for the flu and what exciting events are coming up soon that the community can keep an eye out for? Yeah, sure. So our first roadmap was basically to be launching sometime around our public test network.
go live in July. I don't know for sure whether it will be fully public or we will be a closed public event so that's something to be decided soon but if you follow flow we will keep you guys updated and right now we're doing all kinds of giveaway campaigns so we're
Remember to follow flow so that you make sure that you see all of these giveaway campaigns and participate in them so you stand and chance to win our free giveaway. So if you like to do like a ad drop hunting and you want to sort of take a break and do something that is easier to do and higher chance to do because right now our follower count is not super high.
a very real chance of winning these giveaway campaigns. And yeah, that's why you should try to sort of go ahead and do them. And speaking of Adrop, we are also doing an Adrop event. I have given some hints on our Twitter about our shared more details once we hit 1000 followers.
And that's very soon. I think we are already at 900 last followers. So just a little bit more if everyone in this Twitter spaces for to follow us on floor finance, I think we hit a thousand tonight and then I'll share more specific details on what you can do to get our ad drop. So yeah, keep an eye out for that.
Thank you for your scary and as you may know we have big and awesome questions from the awesome community following the announcement and the winner will get a share of 100 you had to see and with the set that will on to the upcoming segment of the anyway today
So, the committee questions. Okay, so, C.J. are you ready? Yeah, I'm ready. Yeah, okay. So, for the first question we have, does the future field plans to expand and integrate with other projects on other projects?
Yes, definitely. So we are omnichrain, which is just another fancy word for saying multi-chain and that what mean that we will deploy our vault across the different ecosystem and networks. So our phase one will be EVM and cross motions, specifically our day one
launch, I think we will be doing a bit from BSE and carbon. So carbon is a cosmos, a EVM app chain. So this tree on day one and soon after we will deploy on like mental network or ZK thing error, say network, Ethereum, etc. So keep a look up
But this will be our phase one and in the future we will of course rapidly expand whenever there's a new exciting pub decks that goes live. We will be looking to partner with them to build a vault for them and wherever they are, whichever ecosystem they are on, we will figure out where to build a vault that has the connection to that.
a particular vote from any chain. So whether you are currently on average from and you want to partake in a vote that is let's say on BSE or on Cosmos, you don't have to change network, you don't have to breach anything, you just go on to flow, we will know what network you're on, you just select the vote that you are comfortable with, that you will have to describe.
and it will have the chain network and the pub decks that it is going to be providing liquidity to as well as like all the relevant details. Just select, you deposit and everything will happen behind the scenes. So you don't have to worry about bridging and all of those inconvenience. Yeah.
Yeah, thank you. I think they're both exciting. Yeah, coming ahead. Great flow finance. Okay, so can you share how does your projects benefit the abitum ecosystem and the users? Yeah, so I believe most users here
should be familiar with GMX and GRP, but for those who are not, it's essentially a liquidity provider token to GMX, which is a pub decks. So you provide liquidity to allow traders to perform leverage trade. So that's the gist of it. And of course, if the traders actually lose money, then you'll make the money that they
So that's quite exciting because if you have traded before you know it's quite easy to lose money often when you are trading So now you can be the other side of the party and earning the money that traders lose So we think this model is really popular and it works right now in this market environment and Right now most auto book decks to know
have this kind of model. So what we're doing is helping other pubdexers to perform this kind of market-making strategies in the form of a vault and any users can sort of provide the other gritty to these other pubdexers and then they can earn more yield. So that's going to be one of the ways
we help provide more liquidity to projects on arbitrum. When there's more liquidity on arbitrum, the traders will also come to arbitrum more and trade more. That means more activity and more transaction for arbitrum, which interior would increase the value to the arbitrum network as a whole. That's why we are hoping to achieve.
Yeah, thank you. And another question from a community member is, if I provide, sorry, yeah, sorry, my voice is broken a bit. So another question from a community member is,
if I provide liquidity through through finance so I people this the WebDC in a specific vote. Then I provide liquidity with a stable course that this means I don't have risk to impermanence loss. Are you listening?
great pressure. So, you won't receive an incremental loss, that's correct. But it doesn't mean you won't receive any form of losses because when you provide liquidity, you are also acting as the counter-party, depending on the board. So, if you are deploying it into the
first phase of the vaults which are most likely counterparty vaults similar to gelp you can lose money if the traders actually trade profitably and they win money from you but you still earn the trading fee you still earn the funding fee so as long as you hold and
And the market remains choppy and difficult and traders overall lose money over time. Then you will earn money, but it doesn't mean that there is absolutely no risk. So there is still some risk, but it's just not in the form of the classic impermanent loss risk. Yeah, hope that answers your question.
Okay, so for the next questions, our team ecosystem is diverse and vast. And with many projects are there, similar to yours today, and a great deal of accommodations. So what will feel have special
and have users just the long-term choice. So basically right now you're saying the ecosystem is diverse and there are a lot of products that are similar. So flow is different in the sense that we are the only
liquidity management and marketplace platform focus on purpose. So there are a lot of others that are focused on spot Dexas, but none that I know of that are focused on perpetual Dexas. So perpetual Dexas GMX is one example.
that there are many others and we think these purposes need more help to get more liquidity. So we are focused on helping public specifically at the moment and that's and I think we are like the only ones doing it right now as far as I know.
Yeah, okay, so what is the plan that feels we will prioritize going forward? Yeah, so we are really stoked to focus on building vaults that the green providers would like to use. So the first phase would be to build these gelp vaults, but
But very soon after we are going to focus on building vaults with different risk profiles in order to attract like a wide range of users. So there could be Delta neutral vaults. I think there is already a Delta neutral vault that is already on on arbitrum that's for gelp.
can do a Delta neutral leverage vote so that makes it even higher yield while still having the same kind of risk tolerance for a pseudo Delta neutral vote. And that's going to be quite an interesting product. And of course we can build more sophisticated products that can be more
direction. Like if you think the strategy was sort of see whether the market is in a bullish environment or a bearish environment and adjust its coating strategy accordingly. Or it's basically its market making strategy to have certain biasness and if you are to start a tight
sophisticated liquidity provider that have an opinion on whether you think the market is going up or going down, then that kind of vote might be more suitable for you. So these are the kind of votes that we are looking to launch soon after we finish the first type of votes, which are the GRP-like votes.
Thank you so much. So that also the last question about AME today and I hope that everyone has gained valuable insight into FIOL and their amazing products. So CJ, do you have any last word for the audience of the AME today? Yeah, we are really
giving away a lot of campaigns. So do follow us and make sure that you keep a lookout for our giveaway campaigns and participate in them so that you can turn the chance to win basically free money. I don't know if I'm allowed to say that but we are giving away a lot of campaigns right now. So do follow us and
And yeah, we look forward to launching and keeping you guys updated with our progress. And we do have a main net date that is going to come sooner rather than later, I would say. So there is going to be more hints on our ad drop as well as other activities. So yeah, follow us and keep a look out for those.
Yeah, thanks CJ. And I hope that everyone has enjoyed the space today and for flu. I wish you more and more success in the future. That's the end of the space today. Thank you everyone for having us.
Have a wonderful day and see you in the next AMA section. Thank you C.Yayis, thank you everyone. Thank you so much for having me. Hope everyone enjoyed these two days' bases and take care. Yeah, goodbye everyone. Bye.