GM GM Arbinauts and welcome back to a new AMA with Arbitrum. As you know, we are having these daily amas with
projects building the Arbitrum ecosystem and the web tree ecosystem. And I'm super excited to be hosting this AMA with Seneca. I'm here Anna, a community manager at the Arbitrum Foundation. And yeah, we have also Don with us who is the co founder of Seneca. So so yeah, welcome. Welcome. Very exciting to to be here. Thank you. Thank you.
Amazing Don. Well, I think that we would love to know more about yourself. Like what do you do at Seneca? And also if you can share about your background and yeah, how did you join the web tree ecosystem?
Yeah, well, I'm crypto since quite a while. And I will say that I'm quite a DeFi native. I truly like DeFi. It was kind of love at first sight. So I've been there for quite a while. For sure, there will be people for more time than me. But it has been quite an interesting ride. And matter of fact, as a co founder of Seneca, I also focus mostly on the on the DeFi side on the architecture side.
So what does the protocol do? What does the protocol want to achieve? Or more specifically, for example, which markets which collateral to target? And so I create mostly the DeFi side. But of course, it's a very diverse team. So everybody covers a different position. Because of course, a project is not only the DeFi ideas, all the DeFi strategies, but also need to go needs to come down to good operations, smooth operations, how to manage
a team that is also composed by different people, so creating a good environment. So I focus mostly on the DeFi side. I suppose that it will be the side for which we will talk most. So here I am speaking and I'm very glad to be here. Thank you for the introduction.
Thank you. Thank you for sharing more about you. It's always very cool to get to know more about the people who are building the ecosystem. So yeah, very, very interesting. And yeah, I totally agree at the end. This is a lot like a team effort. So yeah, cool to see this Seneca being now on an arbitrary. So yeah, I would like to ask you like, what is Seneca and what is aiming to accomplish in DeFi?
Seneca is a CDP protocol. So we issue the CDP stablecoin, which is SenuSD. So we allow people to essentially borrow this stablecoin against supported collaterals, specifically ill-bearing assets. So all those kinds of assets that keep growing in value or keep occurring rewards.
Because this way we are not only enabling more speculation, more leverage, but we are also talking about pure capital efficiency, leveraging the returns, the yield of those assets. So specifically Seneca is a CDP protocol. But if we want to look at it from the above, it's a capital efficiency powerhouse because essentially we are allowed to plug potentially any blue-chip assets.
That is already valuable, but we can allow users to customize the risk profile of those assets. Because of course borrowing always comes with a risk. There can be liquidations. But on the other side, we can increase the returns, we can increase the exposure to those assets, we can increase the yield.
And I will say that this is particularly useful because of the current environment, both in the real world but also in DeFi. Because we've been treating yield different. Months ago, I would say, or even one year ago, earning 6% on a stablecoin was something unheard of.
For example, on a blue-chip stablecoin. So maybe the best was lending it to a globalized risk market, for example, other or a compound fork of sorts. But nowadays, we see such a strong push for simply assets that pay more, that have more yield.
So does it mean that the assets that pay more are the best ones and the other assets are bad? No, it simply means that some assets are more performing. But users also need to choose based on the assets that they think they are the safest or simply because they like the outlook of those assets.
So with Seneca, they can customize that. They can accept more risk, but to get to a certain rate on that, now it's way more attractive. Because with the Treasury bills, for example, yield, it doesn't create such a good scenario for certain DeFi assets that are truly this good, they are truly blue-chip assets, but they're not competitive anymore.
So with Seneca, we enable them in a way. Plus, on the best assets, on the highest performing assets, we can simply make them perform more. So it's a protocol that works on capital efficiency. It's a protocol that also what wants to achieve in DeFi is to give more freedom to the users, essentially.
To give the opportunity to the quote-unquote DeFi power users to truly do what they want with the assets. They want more exposure, they can do that. They want more yield, they can do that. Still accepting the risk that comes with it.
So this is more a global approach, but to keep it straight, CDP protocol, to keep it more as an overview, capital efficiency layer, capital efficiency powerhouse, we truly can push all assets, all blue-chip assets, the extra mile, push them further in yield and all that can come with it. So that's essentially it.
I see, fantastic. Now that you have explained what is Seneca bringing to the ecosystem and also I noticed that the users or urbanists can decide what to do there, or it's very, I don't know, seems like it's a very customized path for there to follow.
So I would like to ask you, like, what's the best way for the community to get started and also get involved?
To get involved on a community standpoint, they will join the social level. Of course, follow the Twitter, track all the latest announcements because, for example, we are just about to release new chambers or new supported assets as collateral.
So it can be particularly helpful to turn on notifications who keep following the Twitter. Discord is the main channel where we interact with the community.
And the best way to get more details about the protocol, of course, visiting the website gives some introduction to the protocol, looking at the latest tweets, but also mainly the docs.
So Seneca is not such an intricate protocol on a tech level because what we do is to issue the CDP stablecoin. We are talking about loan to value. We are talking about this ratio. We are talking about liquidations, what we do with this.
So it's a dynamic that many users and if I already know, but it can still be helpful to visit the docs because, for example, we touch a few points that can be sort of frequently asked questions, for example, with the peg of the stablecoin managed.
So that, for example, can be a very good point that can reward users that go through the docs, read through the docs, and they spend a tiny bit of time to understand how the protocol works.
Now that I touch this point, for example, the arbitrage comes naturally simply because an under pegged stablecoin means that CDP openers, CDP owners, the openers of CDP can repay the position for essentially less dollars.
So they can actually profit. This is one of the beauty of Seneca that makes it so different than many other lending platforms or CDP protocols.
So I will say for sure to visit the docs and for any further questions, we are available on Discord. That's the best place to interact with the team.
Amazing. Do you hear it? Are we now there? Do you have all the options for you to get involved with Seneca? And if you have questions, you can go to their Discord.
And yeah, for sure, go to their X account and there you're going to find a link tree with all the important links and information about Seneca too.
Nice. Don, I would like to know, what do you think about what is setting apart Seneca here? What are the key differences between Seneca and other CDP or lending protocols that are already out there?
Yeah, my perspective can as well be the perspective of a DeFi user. So it will be that on certain protocols, truly, it sucks to borrow. It costs too much. It's so expensive.
We need to work around it with incentives and also those protocols get a lot of deposits, just people making parking money and not really using the protocol for what is in a way intended.
But of course, it's a normal mechanism for globalized risk lending market to simply deposit another people lend. But it's already tough to use certain assets in DeFi when you need to pay double digits a PR to borrow stablecoins because then it almost defeats the purpose of getting more exposure.
It almost defeats the purpose of collateralizing with bearing assets because if I'm earning less than 3% on an LST, am I going to pay 10% to USDC depositors of a lending market to borrow? That's not the best scenario.
The other case is CDP platforms. In that case, the question is, do I find what I want to collateralize on those platforms? And the answer is more often than not, no, essentially.
Because we've seen some time ago, we've seen kind of lately, but quite some time ago, an influx of protocols collateralizing LSTs with a lack of variety or essentially the point is that there are many blue-shaped assets.
There are many assets from good protocols that have competitive enough yield, and this yield can be pushed even more competitive through a protocol that allows collateralization of those assets at a high enough loan to value.
And we've been seeing for quite a while the pretense that it's likely or nothing, or we've seen for quite a while focus on just a category of assets. It was LST some time ago, but we are ignoring many other assets that are quite good.
So, what is the difference between Sinek and other protocols? It's that we are more competitive on a strict efficiency level than globalized risk lending markets, because there is quite some difference between needing to pay USDC depositors and issuing a proprietary stablecoin.
Because it's way more efficient to simply incentivize the liquidity of a stablecoin that we can issue on demand than to pay so much APR on deposits of users. So the efficiency is already better on that side.
On the other side is our focus on prioritizing blue-shaped assets, but not focusing just on one category, but keep digging for good assets from good protocols and creating this diversity.
This diversity of course takes some time because the stablecoin supply and liquidity needs to be bootstrapped. There are some safety requirements, so it makes sense to start from the biggest assets and then add slowly.
The smaller but still good enough assets. So we are talking about variety. We are talking about a user could find an asset very good, but still not the top performing one. We can offer the option to collateralize it.
And also the way we do it is different also from other CDP protocols because many CDP protocols have sort of unified borrowing capacity.
So in the event of an exploit of an asset, the entire borrowing capacity will be essentially filled and there will be up to a limited minting of the stablecoin. So it will mean that the stablecoin will be quote unquote wrapped.
What happens for us is way different because the risk on Seneca is strictly isolated. What happens is that if we make $100,000 available to be borrowed for a shumber, so for a supported asset, the other asset cannot borrow the same $100,000.
And also if something happens, it stays within that shumber. So this means that it's much better both for stablecoin, liquidity providers, but for all kinds of users to have this approach.
Because for a CDP opener, using Seneca is essentially, it's a weird word to say in DeFi, but essentially risk free. Now it's a very weird, almost ugly word in DeFi.
But what happens is that given the safety of the code base, code base that by the way has been audited by Holban, so an industry leader.
Opening a CDP means borrowing SenuSD, so in a way it's being short SenuSD. So a user that borrow SenuSD and swaps it to another stablecoin.
In the worst case of any possible events like the peg, the user could simply get the position and get a profit because he will take less money to repay the same nominal amount of debt.
So it's a platform that's great to use for CDP openers, and it's a platform that rewards the DeFi power users because as we keep going adding new collaterals, all blue chip protocols, all collaterals coming from blue chip protocols, all great yield opportunities, it rewards those kind of users that research those assets and want the extra efficiency layer.
Seneca is more efficient than globalized risk lending markets. Seneca offers way more diversity than most CDP protocols, also based on the infrastructure that is different.
We have isolated risk, many CDP protocols, they just unify everything and if something happens, the entire thing blows essentially.
So those are the main differences. And then what does this translate to? It translates to a platform that is allowed to scale, a platform that is allowed to expand and to support all kind of assets, new kind of assets, new categories.
A new category of asset is shining, we can support that we are not an LST protocol, we are not an LST protocol, we are not this and that we are a protocol for good assets, preferably assets that are built. That's it.
So truly a great protocol to use for a DeFi native, for a DeFi power user. In this way, that's great.
Amazing, those are great key differences that Seneca and you are building there. I would like to ask you for how long you've been building Seneca?
That's a tough question because it has been quite some time. It has been quite some time.
It has been quite some time actually, now that I'm wondering out loud, because also we put more than enough effort, like it's okay, it's okay that it needs to be like this because we are doing DeFi, we are interacting with user, depositing money, we are interacting with user, putting trust, so it's okay to put more than enough effort.
But we have spent quite some time to figure out the best infrastructure and also we spent quite some time pondering the best way to get the platform audited to ensure that it's safe and all.
So it all came down to our current infrastructure, audited by Holborn. So yeah, I would say it has been quite some time. I would say it could be one year slightly less than one year, but it has been quite some ride.
It has been like for way less time than the time that we spent working on it.
Yeah, of course. Yeah, I can imagine. That time can feel like three years or more because I imagine that you are given more than eight hours a day or something.
Yeah, that's how a project started.
Yeah, crypto time too. One year sounds like a dose. And so yeah, crypto time, if you ask me, I could say 10 years ago. So yeah, I truly need to count the months to understand how much time, but it feels like ages ago.
It's weird, but yeah, we all know what we're talking about with crypto time.
Yeah, exactly. Nice, nice. Good to see. Fantastic.
Well, I would like to know, like you already mentioned all the things that Seneca is bringing. So I'm wondering about what are the kind of users that Seneca has at the moment?
And also what can users do with Seneca? Yeah, maybe if we can go deeper into that.
Yeah, sure, sure, sure. Yeah, I've talked a lot about capital efficiency, different power users, but the truth is that many platforms, regardless of their tech level, regardless of how they go into capital efficiency, the older base doesn't necessarily coincide with the user base in a way.
So it's also important to remind that, yeah, opening CDPs is amazing for different power users, but it doesn't need, it's not necessary to be such a different power users to enjoy Seneca, to participate in Seneca, to get rewarded by Seneca, because we identify three sorts of categories that, of course, can merge.
But usually they stay sort of segregated. We have the CDP openers, so they could potentially not even worry about the native token price. They don't necessarily worry about any of that.
They just want deep, stable liquidity, good assets, and they want to maximize their gains. That's it. This is for the CDP openers.
And the CDP openers, if there is, like I said, it's essentially risk-free, at least on a financial level, to open the CDP, because as long as Seneca has swapped that party for another stablecoin, even the slightest, the peg event will turn into a profit.
So they are users that could be almost neutral to the platform and the protocol as a whole. They just want their chamber, their CDP, they want to earn more, and that's great, because this is what we do, and they pay a fee for it.
So this is also maybe one point that I didn't mention when we went over what makes Seneca different. What makes Seneca different is also that we do something that users find attractive. Why? Because it can make them more money, it can be profitable for them.
That's why they pay a fee for it, because it's very common in DFI to propose something, to bring something that should be like the use case of the protocol, like the service, and to incentivize it in a way that a user gets more than what the protocol gets back.
This shouldn't work, wouldn't work in real life. We make it work in DFI, it gets a lot of TVL, it's all good, and we love it. But in a way that I didn't mention, what makes Seneca different is that users opening CDPs pay fees, and if they want to pay fees, it's because they will earn more, because the chambers are good for them.
So going back to the point of what kind of users, so there are the CDP openers, but also there are the holders. And what do the holders get? They get the protocol revenues.
So a holder would of course love to see as much TVL as possible, as much usage as possible, but he doesn't necessarily need to use the platform itself.
You just need to understand that the platform gets used, that the platform gets traction, that the platform is expanding, adding more chambers, because more supported assets means more TVL, more fees, so getting value from all that usage, and that's great for you.
The third category would be the SenUSD liquidity providers. So they are a bit in the middle. So providing liquidity for SenUSD doesn't necessarily imply having a stance on the native token price.
It's a sort of stance in the middle, between the holder of the governance token, Sen, that wants the platform to thrive and to expand, and the CDP opener just wants to mind this business and to make profitable choices.
So the SenUSD liquidity providers will be somewhere in the middle. So those kind of users, of course, could merge. A user could be a Senholder and SenUSD liquidity provider, Senholder, and use chambers as well.
But those are the key kind of users or the key kind of ways to use the platform. So for somebody that is completely new to the platform, what you can do is for sure to acquire the Sen governance token in order to stake it, in order to earn fees.
So that's one of the usages. The other would be to browse for the chambers and to see if he likes the opportunity proposed.
So if he would like to borrow SenUSD to leverage his position or to get some liquidity against his locked asset, against his collateralized asset without selling it.
Or he could simply visit Curve because at the moment the main liquidity of SenUSD is on Curve, look at the PR, and if he finds attractive enough, he can for sure deposit liquidity and earn Sen incentives.
So those are the main users and the main ways to use the platform.
Nice. There are many ways for the community to get involved and many options to do there. So yeah, that's very nice to see.
And for sure, you are on Arbitrum. I would like to ask you more about it. What do you think about how does Seneca position itself in the Arbitrum ecosystem?
And as well, what role does Arbitrum as a chain have for Seneca? What is the value that you found there?
Yeah, so we've been building to deploy on Arbitrum since I suppose quite the start because we identified Arbitrum as the chain of different builders.
It was renowned. It is renowned. It's a good place to be in because you see the most innovative, the most creative, but also protocols that are not necessarily reinventing the wheels.
But they are looking at capital efficiency in the same way we do, in a very pragmatic manner, looking at what would a user like, that's what they want to code, that's what they want to bring to the market.
We saw that there are many of those protocols on Arbitrum. So of course, it made the most sense for Seneca to be on Arbitrum.
So our native token is on Arbitrum. Also, our staking module is on Arbitrum. So Sen can be bridged to other chains. Sen is OFT.
Their studio OFT standards can be bridged to layer zero. And there will be chambers on other chains because Seneca has a home, which is Arbitrum.
But of course, can interact with assets on any possible potential IBM chain. But what truly matters is that where does the end value go?
Where does it go back? It goes back to Arbitrum because the native tokens, the native token, the main liquidity is there, but also the staking module is there.
So in any possible case, even by collateralizing assets on other IBM chains, what happens is that value is bridged back to Arbitrum.
And the holders on Arbitrum are getting the yield from all the possible usage.
So Arbitrum for Seneca would be like the home, the sort of home because the governance token is there. The staking module is there.
Also, it's a great place to be in because there are many, many good assets, many good protocols.
We look at DeFi with the widest possible range of vision. So of course, we look at all opportunities that the market is proposing.
So for example, we may see liquidity staking tokens and we say that's something that we would like to collateralize as soon as possible.
And what happens is that regardless, which is the native chain of those assets, where does the value go back to Arbitrum, to Stakers or Arbitrum?
So we bring value back to our main chain and also the chain where Sen has literally been deployed, born in a way.
And that's pretty good also because native protocols on Arbitrum truly shine and we also support the ecosystem.
We will be able, as we go and keep disrupting SenUSD liquidity and the usage of the protocol to support the ecosystem, the entirety of the ecosystem.
There are many good protocols and we can also offer the extra push of capital efficiency, the extra leverage that truly can allow Arbitrum projects to have more, more exposure as we keep going.
So it's a great chain to be in and we are obviously happy and I suppose our others as well because we have quite a diverse order base, so it has been working great so far.
Thank you, Donna. Amazing. To be honest, it's amazing to see Seneca, to see you, amazing builder in the Arbitrum family, in the Arbitrum ecosystem or as you call it the Arbitrum home.
And yeah, it's totally amazing to see how you've been growing and for sure I totally agree with you on, like I've seen all the projects that are in the Arbitrum ecosystem where most of them are supporting each other or collaborating to each other.
Like, for example, here with the Arbitrum X account, we are doing these daily AMAs with all projects that are in the Arbitrum ecosystem.
So yeah, at the end, from our side, for sure, we want you all to succeed and yeah, it's incredible to be part of this community effort, our team effort and at the end, building the Arbitrum ecosystem together or building the web tree ecosystem together.
So yeah, very cool to see you here and yeah, for sure, congratulations for everything you've done in Seneca and yeah, it's amazing to see you here now on Arbitrum.
And yeah, now I would like to ask you more about the future or what about how those Seneca scale or what are the expectations to see in the near future? What are your plans?
Yeah, the main way that Seneca scales is by adding more diversity to the supported assets, some more opportunities, managing the liquidity in a way that SenusD can be traded at sites without any significant price impact as this allows players, users with more than average sites to easily go borrow SenusD.
Swap it to another stablecoin or to any kind of other asset. So the key here is bootstrapping and keep growing. It's a slower process because, as I said, one of the differences between Seneca and possible other protocols that add a similar kind of goal is that we don't throw as many tokens in the faces of people.
So this is a key difference because it's quite easy to bootstrap gigantic TVL and it works amazing because it creates a very interesting flywheel because TVL brings tweets and threads and tweets and threads bring price action.
And price action makes the incentive, makes the RPR coming from incentives grow, hence more TVL. It works so good that every single day it works better until it doesn't work anymore for good.
So we are all familiar with this kind of process and it's a very good way to bootstrap a platform, at least for the short term, but it doesn't usually end up being the most sustainable one in the long term.
What we do is to support assets that, for example, have no other possible lending market. So essentially users looking to collateralize those assets, where do they need to go? They need to comment us because, for example, this creates organic demand, organic usage for the platform because we are not paying people to use our service because otherwise we are not a different protocol offering a service.
We are a different protocol doing charity work for DFI, which is great, but this is not the third purpose of Seneca.
So our Seneca scales bootstrapping growing slowly, but then the growth keeps becoming exponential because as it grows, now you are able to swap six figures of SenusD into another stablecoin with zero price impact.
So then it supports way more. So, for example, less price impact on the stablecoin allows people to farm the stablecoin even without borrowing the stablecoin from the chambers because they can simply acquire it from the open market with sides and then adding liquidity to the position.
So the key to scaling is to keep being on track, to keep adding good collateral. So what is coming is USDC, the positive donor, as PT, as Pendle PT. So what does it mean? It means, of course, that we are going to integrate an asset of such a good DFI protocol, which is Pendle, which is, of course, great because, truly, great protocol.
Great team, great everything. So we are for sure happy about integrating an asset, a derivative sort of made by Pendle, which is the PT of our USDC. So we're talking about fixed APR on USDC lands on our. So we're talking about earning more than 6% APR on a stablecoin and being able to collateralize it at very high loan to value on Seneca.
And we take no cut from the yield. We don't strip yield away. Our stablecoin is not yield-bearing. Our stablecoin may use cases to swap it to USDC or die. That's it. It's a simple protocol. We bring capital efficiency. We don't need to do any sort of games or any sort of incentives and this and that.
So it's very simple. And what we do is to allow people with the next chamber, which will be PT, AUSDC, to keep earning 6%, to holders, and to borrow SenUSD and pay interest only on what they borrow. We don't take any cut from the principal.
So this is a very cool integration in my opinion. Defiled is very competitive. Some months ago, one year ago, 6% and borrowing against it at high loan to value would have been crazy. Now it feels normal. Thanks to our WA stablecoins, thanks to liquid restaking tokens, it could almost feel a niche opportunity. But it's truly, truly this good.
What we are also bringing is Steak Tour from Engle Protocol. So our WA stablecoin, yield-bearing stablecoin, keep earning. And that's also great because it's also such a great DeFi protocol.
What comes next on the Arbitune side is keeping integrating assets that can have organic demand. So for example, we can be very competitive on offering collateralization of GLP.
We can be very competitive in offering collateralization of GDI, of gains. And also we will propose the PT of those assets, which can be quite useful because by locking the APR, it makes the opportunity way more predictable.
We also need to wonder where the APR will end, if it will be profitable, calculating the expected APR minus the interest fee that we charge on the stablecoin. That's fixed APR, PT, Pendle has been shining. So that's something very cool.
We are also scaling on the cross-chain side. So we are also bringing LFTs on Ethereum mainnet. And as I said, it's such a great narrative, such a great opportunity. So great asset.
We are bringing Pendle PT of LRT, of EEF, of EtherFi. That's pretty good. And what happens is that there is demand, there is TVL, hence there are fees. Where do the fees go? Back on Arbitune, back to the stakers.
The native governance token is way more desirable. Everybody is happy, starting from the different power users that find a way to collateralize PT of EtherFi, EEF, basically the first protocol to allow it this efficient or probably the first protocol in general.
On the Arbitune side, the first protocol to focus on Pendle PT is that they are not only GLP. So because there are many interesting Pendle PTs, and also the integration with Pendle is quite interesting.
And Stake Tour, not as a PT, just as a naked asset, because it's already yield-bearing and earning such a competitive yield. RWA stablecoin, and that's great, great team, great asset.
And we'll keep expanding with assets on Arbitune from good protocols. Because as I said, we start from the assets that come from the biggest protocols that have the deepest potential liquidity.
Because that's the only possible way to truly bootstrap the Seniors deliquidity. But as the Seniors deliquidity comes, we have way more margin to add borrowing capacity for assets that may have less liquidity, from protocols that may have less TVL, but they are good protocols.
I think about some, for example, some vault protocols. I'm thinking, for example, other kind of deposit receipts. So the best is yet to come. Yeah, that's obvious because that's what we need to do to keep building.
So by keeping in mind that this is a bootstrapping process, bootstrapping a CDP stablecoin without throwing two free digits at people just to use the chambers can be tricky.
But what we do is to create organic demand by offering opportunities that are nowhere seen in the market. First mover on Pendle PT or Ethereum mainnet of LRT, first mover on Arbitune, collateralizing such a variety of Pendle PTs.
And we are also collateralizing stick to that scale. So we keep building, we keep accruing TVL, we keep accruing fees and slow at first, but then it's not so slow because the growth becomes quite exponential.
So it's a long ride, but truly it's a great ride. It's a great place to be in. And it's also very good that now this is so centered around yield, around new opportunities.
So we saw a lot of attention coming back to DeFi lately in crypto in general. And that's a great place for Seneca to be in because we can truly shine and people can truly appreciate what we do.
As we keep going and we keep expanding and adding chambers, people can truly appreciate the dedication that we have to shift the best collateral assets to focus on what matters, capital efficiency, blue chip protocols, blue chip assets.
The tech is simple. The financial side is simple. We bring capital efficiency and users will love to use it. So that's very good.
Well, that's awesome Don and team and Seneca team. You have many plans ahead and it's very cool to see that you're thinking in a long term.
And yeah, for sure, you already shared a lot of alphas here. So hopefully I'll hear it here.
But yeah, if you don't, don't worry, this is going to stay recorded for you to listen again.
But yeah, very cool to see what you're planning now.
And yeah, hopefully when we have a new AMA to hear more about all the updates that you have in the near future. So cool.
Don, I would like to ask you if you would like to share something else to the community that we haven't done yet or yeah, anything you'd like.
I would say you guys are great and pay close attention because what is about to come is very, very, very, very interesting.
As I said, I could define myself as a sort of definitive. So everything I do, everything I wonder starts from the perspective of a user, what I would like to use.
I would be happy with what is about to come. So for people that enjoy DeFi as much as me, for people that enjoy Arbutome as much as me, for people that have been on Arbutome since the early days or for people that have been using Arbutome since even not so much time, but they enjoy the protocols that are building the attitude that those protocols have, their philosophy and all.
Truly, it will be a great time, honestly.
Awesome. Thank you. You're awesome too. And yeah, the community, the Arbutome community is awesome for sure. And yeah, we are building the ecosystem together. We are building Arbutome together. So thank you very much for joining us today in this amazing AMA.
Thank you all, Arbunauts, for joining us as well. It was amazing to see many known faces here. And yeah, thank you for all your reactions. It's very cool to see you always supporting and supporting Arbutome projects like Seneca. So yeah, hope to see you in our next AMA. And thank you very much, Don, for joining us today. It was a pleasure to get to know more about what you're doing.
Absolutely. A pleasure is mine. So thank you everybody for tuning in and listening. So thank you very much.
Of course, have a great Wednesday.