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Arbitrum <> Vaultka
Recorded: Oct. 20, 2023 Duration: 0:30:17Space Recording
Full Transcription
Nice.
Yeah.
Yeah.
Yeah.
Yeah.
It's great.
Yeah.
Yeah.
Okay.
Okay.
We're back.
but for example when the idea started it was about 6.7 so it was it was a huge
growth and we still have about just just let me check
uh we still have about 10 days uh until the till the end yeah
so so still if anyone uh is excited about walk and wants to participate
there is still some place you will still get on the leaderboard
and the rewards are purely based on um basically how much liquidity provide
and how many referrals we have so basically as the more friends you have
the more as the more points you have that's how it works
yeah that's a really fun initiative uh for the community
um and another community initiative that you guys have been focusing on is
called power of drinks um what is that by the way
yeah it's a great question so as i mentioned before we have those four
rounds of the full vodka launch and the community drinks is power
dreams is is the third one so basically the first one as you mentioned as we
talked earlier was zip turn where basically people have
leaderboards and and stuff and they can like truly see how much they provided
for us and then we had our round two which was the
became token launch which which honestly went perfectly and
then the third one is actually the power of drinks where we
so basically at the end and the fourth round the last called cheers
we will uh start providing the 10x leverage and that's why the equity is so
important because like the more leverage you provide because we don't use like
any other protocols um to get the liquidity from we only use
our own that's why it's important and that's exactly why we aim to provide
uh some rewards for those who kind of able users to to get this leverage
and so basically with the last called cheers we have allocated six percent of the
total uh vk supply so it's 66 million vk uh to those who have
who will deposit in the landing walls uh for starting today and
until 24th october so basically like four days uh the more you deposit we have
different tier levels just as let me check briefly
we have different tier levels so basically the earlier you deposit
um the more vk you get and just kind of also just to reward the ones who kind of
come as fast as possible and currently we have a first round
which is half million filled second which is being also filled
and now currently at two million uh on the third round
so we have i think we received today about
3.6 million liquidity but just to mention so some of the users probably just
restake their tokens so basically they just
withdraw and deposit um once again to be eligible
but overall we saw also great success here
that's really great to hear um and i know you mentioned about the the tiered
structures in volca so i'm wondering like how does that benefit
users across different investment capacities
yeah exactly exactly what i mentioned here which is our strategy so basically we
have like four tiers first one is 500 000 the next one is million
as a third one is 2.5 million and the last one is four million
and basically the earlier you deposit into like this search uh third round
uh it's more kind of uh escorted carry varsity again
so we just yeah once again we just want to to reward the early participants
and basically the ones who kind of deposited earlier
they got the the biggest multiplier but at the end everyone wins because the
returns are still great even if you deposit in the in the last round
yeah that's uh quite quite fascinating and um i know you guys i know you
mentioned that uh you guys offer leverage right up to 10x
um so like how does that work and like what type of users does
that fit for because i know um there's different like risk profiles
like especially a defy you have those who are like
very dj and you know want to take as much risk as possible for a high return
and you have those that don't want to take as much risk
so i'm wondering and in terms of risk profiles
um which group do you think would benefit from this
yeah honestly it's it's an amazing question because
as mentioned before obviously leverage and double ending pools
are our main advantage and that's why the capability of users
go with up to 10x leverage is kind of um it's kind of a no-brainer here
because yeah as you mentioned some of some of the users want to play safer
or some of them want to do more and obviously it also depends on the
vault itself because like there are different professional access and they
have different liquidity provider models
some of them are based on for example like token pairs like jmxv2 does where we
have we have integrated pairs like um
rpgc and issues dc and obviously half of your deposit depends on the
arbitrum or ethereum price and the higher leverage you have if it goes up
to 10x obviously it also uh influences your
liquidation price but if you're talking about for
example uh professional access like uh
bella where it's basically like it's purely used to see very and it's hard to
get liquid liquidated there
uh in my opinion leverage there would be a great addition
and even if you just want to go up to 10x
uh it would be much safer furthermore if you really wanted to stay safe we
provide a different additional strategies where basically you don't
really risk any for example we have a successful
strategy on the glp where we just kind of um
where users are not more uh tied uh to the
performance of the assets in the basket of the glp basket itself
and there's getting the great great api uh yeah obviously it's it's it's a little bit
lower compared to the leverage balls and also depending on the leverage
itself but still uh we're aiming to
provide um the most variety product for all the
users and if they want to kind of play safe
they have the two notional ones if they want to play a little bit differently
so they can go up to 10x in the easy leverage
and yeah that's just uh how it works
right and i think you mentioned earlier that
there are also other ways uh users can get involved
such as the governance um and obviously when you're part of
governance uh voters have the power to
help out with volca's ecosystem so i'm like i'm wondering like
uh in what ways uh are they empowered to get involved
like what are some benefits of being a part of the volca ecosystem
in terms of governance that's your it's amazing question because
honestly like governance uh got actually passed with our listen vk launch
and that's basically how all the rewards all the revenue is
distributed between all the holders so honestly we didn't really want one
wanted to create a new bicycle here we just went with a kind of proof strategy
which other protocols use and it works just by basically you have the vk token
and then you can stake it and you are going to get an escrowed vk
and that's where your power starts to grow because
um after the full launch after the 25th october you'll be able to kind of pick
the walls which will get the main um additional rewards of vk because
uh the community will kind of govern how much vk supply will go to
to certain vault and obviously as they stake the vk for the
squad vk all the revenue the walker gets will be also shared between them
so we just been waiting for them because they're getting great returns
passively and furthermore they can amplify their returns on the walls
they think would perform the best and that's just how walker will be governed
just as simple as it is
yeah it's uh it's really interesting that you guys have that in place because
um like as i mentioned earlier i think it's like a really great great way for
uh users to get involved um in helping the direction of vodka so i find it really cool that
you guys have that in place um and i'm wondering like what is the difference between uh martini right
you guys have two tokens martini and the mega lp token um how do you how do they both work
yeah sure so uh honestly we we don't have the launch yet because it's it's kind of our second
product we wanted to launch so our cocktail series because currently we have our vaults which are also
named after different beverages like vodka or rum etc but then we just thought why what will happen if
we kind of go further if we kind of combine all the for example lp tokens where we have got
implemented into the one uh kind of a product and that's where kind of the idea of cocktail kind
of price where basically people who have the mega lp token and basically the owning of this token will
give them the exposure and the revenue from the whole perpetual next ecosystem of the arbitrum
so they don't really need to pick like as mentioned before like you asked me what if users want to play
safer or if they want to dig in more if users just want to benefit from the whole ecosystem as one they
can just basically pick the mega lp token and they will just get the rewards from all the ecosystem itself
so it it won't really matter if like gme revenue share grows or drops or if fell grows at the end like
they will just just benefit from from the whole thing and furthermore it's great to mention that we
have actually the mega lp token and the martini and that's where basically the difference lays because
mega lp is kind of a governance token for example like if you take an example of the gmx
like gmx token will be a part of the mega lp then we have the martini where it's kind of performed
those lp tokens and that's where like glp would be a part of it so we kind of also want to distinguish
between the governance token lp and the liquidity provider tokens right and um looking ahead uh you
guys have some interesting things coming out um so i'm wondering like what are you excited the most
about um coming out from vodka yeah sure it's a good question honestly i would say we have achieved
a ton already because we can we've been improving um like milestone after milestone daily and daily
we have been talking to different protocols we can implement different strategies we have successfully
launched our lending pools and we shop the ton of liquidity even during the bear market even like
during the hard times as we currently have but uh it's obviously not a reason to stop and not a reason
to progress and that's why we are aiming to to build further especially we want to expand our walls
further because even now as as we have six walls active uh i mean we still have a ton protocols to
to integrate uh we still have some sorts of different strategies we could also implement
i don't want to give too much of the insight but obviously we are planning to
to kind of empower this stuff also furthermore um ui ux improvements because
it could always get better we want users to feel as comfortable as it possible
and furthermore yeah just just as mentioned before the community is king volk is the community and
community is volka that's why we just want to go further with the community incentivizes
uh we don't want to share exactly the way they will go because it's it's it's kind of under development
but uh we're still aiming to reward the community we still aim to give the additional rewards to the
the scores vk stakers and that's basically it yeah yeah i think those are like really great goals to
have in mind like very ambitious and i'm sure the arbitral community is really excited uh to see those
ideas come to life um so uh that's amazing uh and for those that are interested to learn more about
volka um do you guys have a discord or telegram where they can jump in and ask questions yeah sure
absolutely uh everyone can just click on the current volka twitter and there you have links to the
discord to twitter uh and all the possible stuff but if they want to kind of get involved to just just
in one click they can just visit our website volka.com and just just visit the launch uh section where
they have like great overview of our like all four rounds and they can actually see like basically
we are staying and how much of the community rewards they can get so i would just probably
recommend to visit our discord talking to some uh interesting and clever guys who will definitely
help you out if you have any questions about strategies or you can just uh ask me or like
anyone else on the team we will be happy to help if you have anything in your mind yeah but overall just
visit the website everything is super clear there and that's just how we kick it off
awesome yeah sounds good um and i think we've covered everything here but in case i missed anything uh
do you want to mention anything else not sure i think honestly you've asked like great questions i think
we mentioned all the most important points uh in terms of the volka and the upcoming roadmap and
upcoming features uh probably i i would just be really happy if someone would have some questions
so i would just answer them and yeah so guys if anyone has any questions we'd be really happy to answer
them or if you want to if you don't really want to speak you can just write a comment you could also do
this is for you yeah um yeah let me check if there's any questions in the comments
yeah i don't see any questions right now but um yeah if people have any questions uh feel free to
uh jump on to the volka website um plenty of resources there uh discord as well so um yeah
thank you finish for jumping on today um and again apologies for for the delay we we the arbitrum
foundation had some tech issues so uh apologies for that uh but yeah thank you for jumping on again
uh and yeah we wish you guys the best thank you cheers also pleasure and thanks a lot for the
invitation the arbitrum uh to the spaces it's it's kind of a huge milestone for us so true thanks for
that for the amazing questions for your time and yeah thanks everyone for for listening hope you enjoyed
the spaces and learn something new wish everyone a great evening or a day depends on the timing zone yeah
yeah yeah thank you finish at gm gn and yeah that was impossible
all right see you guys all right all right cheers cheers everyone
