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Archway x @ArchwayDAO Updates ๐
Recorded: Dec. 6, 2023 Duration: 0:30:49Space Recording
Full Transcription
Hey, Oscars. How's it going?
Hello, sir. Hey.
Been a while, man. How are you?
All good. How about you, Mingo? All good?
Good, good, good. Yeah, we're going to start at the five-minute mark.
I'm just going to make an announcement in the Discord for everyone to join.
Cool. Yeah.
Cool.
Cool.
I'm just going to
All right, I just sent out the announcement.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
We'll start in about two minutes.
Hello, hello.
Yeah, my name is Oscar.
I've been on the Web3 space for some time.
Currently, I am working on the marking down.
And basically, I'm a core member, contributing to the awareness and, of course, marketing side for existing apps and as well for Archer ecosystem.
And I'm pleasant to be here.
Yeah, thanks for that intro.
And I'm Max or CryptoChem as Miguel had mentioned.
I'm leading the business development side of things for FiLabs.
And we're obviously one of the core contributors to Archway.
So excited to be on this call and, yeah, have quite a bit of updates and things to tell the community regarding what Archway is up to over the last couple weeks and months.
Yeah, so this is pretty much an open discussion.
So anyone's feel free to request.
I see Eric in here if you have any updates on AfterVault or any of that sort.
But we can first just start with kind of introducing the marketing down and letting people know, like, some of the responsibilities and kind of tasks that you guys are kind of working towards week to week and who's a part of the marketing down and I guess how people can join and participate and contribute to just growing the Archway ecosystem.
If you want to go answer that question, Oscars.
Yeah, sweet.
Yeah.
So marketing down initially started as a community in so called initiative because everybody wants to kind of like dedicate and help to cut towards the ecosystem growth.
And one way, of course, is to be very proactive and proactive is then turned into an actionable steps, which is by creating a marketing down, which allows any member.
Of the ecosystem can join and easily submit their tasks to basically also get incentivized for those tasks and tasks are all around the Archway ecosystem and also the dApps that are built on it or protocols.
And in this way, we can get much more exposure and also, of course, assistance, which are needed for the developers and the developing teams.
And that is also one of the ways that you can get pretty nice content or marketing tasks done.
And definitely, if you need any help with your design as well for social media, reach out to marketing down.
And as I said, anybody can join if you have the skills and also you want to have the motivation to contribute because the content, we don't ask specifically what should be done.
But we have like thesis, like the most biggest priorities are support the active teams that are building on Archway and also, of course, providing much more bigger awareness to different other communities about Archway's values.
And we have a telegram group you can join and definitely follow the Twitter.
We have also one giveaway event live.
So please join and follow our profile.
So, but yeah, thanks.
Awesome.
And can you kind of just like update us on some of the current happenings in the DAO and what you guys are working on and what we kind of can see in the next couple of weeks to months that you kind of have in the pipeline at the moment?
Yeah, so currently as of now is to contribute to these weekly calls to have an updates on Archway ecosystem and also the building teams.
And second is, of course, like touch base what's happening on Cosmos to basically broaden up our auditory of the listeners here.
And when it comes to content contributions, we have seen rapid so-called members of the DAO growing much more higher pace.
This means that we have a lot more content that's being produced and also being proposed, which is great.
And we have also been targeting Solana ecosystem somewhat.
We got like a really nice recognition from Solana community.
So hopefully they're buying the bank and joining our community as well, because I think Archway is a huge potential and maybe there will be a potential collaboration with Solana.
Who knows?
But definitely want to get the branding out.
We want to have a so-called recognition in different other ecosystems, because one way we can get more so-called attractiveness is, of course, to get the word out, not only to like Cosmos, but in general, like to EVM chains as well, where we have like the most, most biggest like user count and also liquidity.
And we also are helping different applications to have much more broader awareness and also what's happening with their news updates.
For instance, we also have helped quite a lot for Nomos.
We have helped quite a lot, AstroVault.
And also we have posted the three videos about educational support, about the winner of the so-called door hacks, quadratic funding with Archway and no dobs.
So these smaller educational videos also helps kind of like to understand what's being built and how Polish you can be for Archway, of course.
But the initiative is still there.
So if any application or team wants to build an Archway specifically, they want to concentrate on the code stuff, but not the marketing.
Again, that is the way to get the exposure for it.
Yeah.
And on top of that, if you're a content creator, I see there are a couple of people in here, Tank, obviously Eric, and anyone else that really just wants to make content for Archway.
I feel like the Archway DAO is a great place to start and, you know, get rewarded for the contributions you make to Archway.
And saying that, let's kind of move into some Archway updates.
Max here. Max, can you give us a couple of updates that are happening more on the like integration side or anything that you've seen and throughout the ecosystem that's been happening in the last couple of weeks?
Yeah, no, I'm happy to.
And actually, there's been quite a bit going on both, I would say, behind the scenes, but also just in public as well.
One of the probably the most notable was Noble being connected to Archway.
So we have the cctp.money, which is the I guess the canonical bridge so far, at least the initial bridge that was built for Noble to be able to natively mint USDC on Noble and then instantly transfer it via IBC to whatever native chain you want it to land on.
So we now have that capability on Archway via Noble.
So you can now use cctp.money to transfer liquidity in and potentially put it in liquidity pools on applications like AstroVault or what have you.
So that's a big, big achievement for us and just allowing liquidity to come into the ecosystem.
But on top of that, we've had quite a few other integrations as well that have been happening.
So Cato, which many of you may be familiar with, is also in the in the midst of integrating with Archway.
So that will give another way to onboard Fiat or off ramp Fiat as well, which is a great plus for a lot of people in the ecosystem, as currently there was no real direct way into Archway.
And Cato will kind of give that ability to do so.
And I'm sure that will be integrated with many of the apps on Archway.
And I guess speaking of that, well, I guess sticking to integrations, we also announced the Gravity Bridge integration, which passed on Gravity's native chain.
There was a proposal recently put up to allow Archway to be an acceptable asset and to basically have IBC auto forwarding of the Archway token.
That means we also had to create an ERC 20 version of the Archway token so that it can be bridged to Ethereum via Gravity.
So that is accomplished as well, which is a in my eyes, a really cool way to get Archway more distributed, especially outside of the Cosmos ecosystem.
So in terms of integrations, those are two probably the biggest ones.
And then we also had a few applications launch, at least one for sure launched this week, which is called Nomos.
And that's a multi-sig platform that was built out by the Cello Labs team.
And this will basically allow users to utilize a multi-sig from a single platform or a single window and access applications, stake, send tokens.
And this should be able to function cross-chain, allowing for, you know, one platform to operate and control multi-sig across all IBC chains.
And eventually that should expand even beyond IBC, which becomes a really cool use case and an interesting application for sure.
They'll likely get a lot of use from both developers, users and even institutional type investors who just need more control and more security over their transactions and wallets.
On top of that, they already have one application that's directly integrated into their multi-sig, which is pseudo-stake, a vault platform.
I actually see the pseudo-sig team in here.
And this is a vault platform built on top of Archway.
And now we'll have the ability to directly operate or utilize their application within the Nomos multi-sig application.
So this creates a much easier user experience for anyone who's trying to use a multi-sig, especially a group of people who are trying to do things like set up vaults or manage treasuries.
And then in terms of what's in the pipeline, I think is probably even more exciting for Archway.
So there's a lot of internal things being developed, things like a marketplace for a curated marketplace for NFTs.
One really interesting one that was recently announced by the Asphalt team is Outbid.
And this will be a launch pad, a decentralized launch pad built on top of AstroVault and therefore Archway that will basically allow any user to participate in the public sale of a token.
It's going to be, it has a slightly gamified mechanism to it.
And if you want to learn more about that, either Eric can come speak on it if you'd prefer, or they have a blog that they recently put out or a tweet, it might have been, that kind of explained a little bit about the mechanism that they'll be using and their plans for the Outbid platform.
And then before I let Eric go on and speak on that, I just want to touch on a couple other cool things I think we have in the pipeline, one being Gelato.
We're working with them right now to basically finalize a grant to have them help build out a prediction market.
But also what I think is really cool is this idea of a human oracle.
The idea that you can start to have off-chain oracles or off-chain events brought on-chain, allowing you to basically have prediction markets or have pricing on any sort of event or asset that is doable in Web2, which becomes a very interesting prospect.
So Gelato team is working on a few different things on Archway, but outside of their gaming platform, I think the prediction market in human oracles will be extremely exciting and an innovative way to do more things with these markets, especially when it comes to futures and prediction markets.
And then one more final thing I'll leave you with right now.
There is a ton going on, like I said, so I apologize for ranting.
But one I think is very, very important and one that I think needs to really be put out in the spotlight is the Xcall IBC integration with Icon.
So as far as I know, this will be the first live IBC connection to a chain outside of the cosmos.
Icon is an is an OG type platform that's been around for a long time, established user base and established liquidity base.
And they're looking to integrate with the cosmos, primarily with Archway.
And we're doing this through Xcall, which basically is a if you can think about like a plug in or a wrapper for IBC that basically makes all message passing protocols a agnostic in a way they can all plug in the Xcall.
So that would mean IBC then connect to Xcall, which then could connect to, you know, something like Stargate or Solana or Icon, Avalanche, you name it.
So the idea of Xcall is to create this kind of omni layer where any sort of message passing protocol can plug in and communicate.
And to me, that that is a very exciting prospect, because not only will this open doorways via IBC and trustless transfers, it avoids bridge risk bridge fees and allows you to access all these different ecosystems outside of the cosmos pretty seamlessly and trustlessly, which is exactly what we've kind of always been striving for with IBC.
So look out for more formal announcements on Xcall and when that will be integrated with with Archway.
But we're expecting within the next couple of days or week, I'd say.
And that should be a major event for IBC being the first cross ecosystem connection that is live.
So look out for more on that. But otherwise, I saw Eric came up and I would love to kind of hear a little bit more about how bid since I know that is a new project you're working on.
Yeah, thanks. Awesome. Awesome. Awesome job recap and everything going on in the space.
And thanks for the shout out without bid. I just really wanted to give a head up heads up if you guys want to give it a chance, like try it out.
We're about to do a live demo on testnet together in our shared discord.
You go to astrovault.io slash discord, show up, give us an Archway address and we'll load you up with some testnet tokens and like actually use it and give us your feedback because it's live.
It's ready to go. And we're going to use it for our own token launch. But we'd also love to use it for everything else in the ecosystem.
Like it should be just like a net good for everybody. And it should be really fun.
Like it's it's really gamified in a lot of ways that things just haven't been before.
So I also what I guess two questions. What time is the demo?
And two, I guess this isn't a question. I have Constantine tokens as well.
So if anyone does need testnet tokens to try out the platform, feel free to reach out to me and I can shoot you some in addition if if Eric is not available.
But I guess my second question would then be if you're open to it, kind of describing a little bit the mechanism that makes Outbid unique compared to, I guess, some of the other launch pads we might be familiar with in this space.
Yeah. So first off, the demo's in 10 minutes. So it's I'm already like our team's already in the discord waiting for people to show up and drop some wallet addresses.
And Constantine will be great. Max is a new const, which will be the gas token.
However, to actually participate, you need some like testnet, USDC and Bitcoin and stuff, which is just like random testnet tokens that we fully print.
So you are going to need to show up and set it out. Basically, we're doing the actual first launch, at least, accepting basically any stable or atom.
But we're using several different tokens here on the yeah, on the testnet.
Then some of the ways it's gamified. It's not exactly an LBP, but basically like teams can come in and set their first valuation.
They can set like how much, how many tokens they want to sell, how many maximum sales they want, how much they want the price to increase between sales.
And basically you sell as many tokens as you can. And the price keeps going up as you do.
But when something doesn't necessarily sell out, it gets interesting.
So, for example, AstroVault, we're doing this first and foremost with our own token.
We're going to have our first sale be like one percent of our token supply at a 15 million dollar valuation.
So trying to raise 150K.
Anyway, it's a two day, so a 48 hour sale.
The first two hours will be whitelist only.
And anybody who's used our protocol is whitelisted.
So if we sell out in the first two hours, the only people using our protocol, then great.
When we get to the next sale, it'll still only be users of our protocol that are whitelisted.
Basically, the whitelist for each round is going to be our users plus anybody who's participated in previous rounds.
So if we filled all of them and it was only our users, then great.
That's who we care about the most anyways.
But once a round doesn't fill in 48 hours, like after that two hour period, anyone can participate.
At the end of whenever the tokens are sold out, that round's over.
We'll wait a while. We'll start another round.
We're doing a six percent increase.
So our round two would be at a 15.9 million valuation.
Every time we start a new sale, we're going to add a one month lock to the previous sales.
So the very last sale that we do, those tokens will be liquid immediately.
The very first sale, the tokens will be locked for however many other sales we do.
So if we fill the full 10 rounds, which is our max, then our team will have raised $2 million.
Our final valuation will be about 25 mil.
And the first round participants would have a nine month lock, but they'd already be up 69%.
So we'll see how long we do go.
But once we go to a round that does not fill in 48 hours, then it kicks into bonus time,
which works kind of like an eBay auction, where as you bid, you extend the timer a little bit.
But whoever puts in the last bid just gets all the rest of the tokens.
So it should incentivize people to keep bidding to try to get that last bid.
It should help sell more tokens.
But yeah, somebody can just get a massive amount of tokens and stick.
That's part of the gamification.
That's part of how it works.
But if the sale does fill in bonus time, then we're going to give a bonus 10% of tokens to the first 10% of tokens sold,
which are those people that showed up early in the whitelist, our actual users,
who took the risk of being the first ones to participate in that round.
And we'll see how they fall.
People who participate will get NFTs.
If you get first, second, or third place in a round, you get NFTs.
We have a leaderboard where you can put your own nickname and stuff.
That is publicly viewable.
And there will be a lot of fun gamification and handouts and just fun things along the way.
Yes.
I mean, it's definitely an interesting approach.
And I do like how it incentivizes more people to want to participate in the sale.
But what I ultimately like is just that you're providing a way for really anyone to participate in a sale.
So a lot of times these sales are either not available to the public or by the time the public has an opportunity to participate,
the valuation's already been, you know, double, tripled, you know, however many acts as they've gone through each round and increased the valuation.
So I love the idea of being able to start this off with almost like a fair public sale from the beginning where anyone can participate at any level.
And they all have the opportunity to enter at the same valuation.
So really cool concept, but ultimately just really cool to allow people the opportunity to participate in these types of sales.
Where I think many of us have seen a lot of VCs and early OGs who've made money early continue to compound that effect by getting in early on these projects.
When a lot of us have been here for a long time doing a lot of the groundwork, studying these projects, understanding the space.
I mean, never once got the opportunity to participate.
And that's not really how I see a decentralized ecosystem working.
Yeah.
I mean, we've been building for two years unpaid.
And now VCs want to come in and now they want to pretend like they believe in the vision that they don't understand.
And then they want to change the vision.
It's like, you know what?
Like, we don't need this.
We've gotten here for two years without you.
While everyone else has raised a shit ton of money to build, to try to build something that's a worse design anyways.
The few people that have really supported us have been legitimate community members.
And so we're not going to ostracize them.
We're not going to pretend that like just because some people are richer, that they bring more actual value,
especially when they want to change the direction from what they don't even understand.
We're like, fuck this, bring the power back to the people.
And so that's our way of trying.
We'll see how it goes.
Well, I think we can all appreciate the effort.
And I know I will be interested to see how everything goes.
And I'll continue to support you guys like I do to really anyone who I am one friends with,
but also I'm participating in our ecosystem.
So it's really, I've said this many times, but it's the applications that really bring value to the layer one.
So it's important that we have these builders who want to build good applications and feel supported.
So I'll always be there to help support you guys.
And hopefully we can rally the community around you guys as well, as well as all the other different teams we're building to make sure that they're getting all the things they need from marketing to funding to across the board to make sure that they have a successful application.
I appreciate it, Tim.
I'm going to go hop.
We're going to go do this demo, but look forward to getting you guys some more details on it soon.
If anybody's around, please keep listening to their stuff.
But if anybody's free, hop in our Discord.
Yep.
Appreciate it, Eric.
And thanks for stopping by.
I don't know if everyone could hear that very well, but I'll pass it back over to you guys.
But if you are available after this call, I'd say check out the AstroVault Discord and go check out the demo.
Awesome.
Yeah, cool.
Thanks, Eric.
And thanks, Jim.
Nice.
I think we could definitely end it since these calls will be short and nice and definitely up to date, quickly go through it.
And if somebody has maybe a question, somebody wants to come on the stage, we could do it quickly.
We have like two, three minutes until the AstroVault starts.
So please.
Or anybody wants to share an update, maybe?
Well, if anyone's in the Philippines, there's going to be a gathering of architects happening on December.
Well, in case, if not, then I would say thank you so much for joining.
And this is our first space.
So you can definitely put a calendar reminder next week, same time, same setup, updates on Archway.
And also, next time, we'll cover a bit more of the Cosmos side of the ecosystem.
But thank you.
Have a great week ahead.
Yeah.
Thanks, Oscars.
And I'm not sure if you could hear the host.
But one more thing I just quickly wanted to shout out is actually, I see the Gravadao team in here.
And I know they've recently been working on Geckoverse, which is a cool project related to kind of NFTs.
So I don't know if we want to maybe have you on next week to discuss that, but that would be cool.
And I want to give you a shout out now that I see you in here.
And then also I want to talk about just the Derpy's and the Archie's NFT collections.
So those are collections being kind of worked on internally.
And I don't know if they're in here anymore, but I know the Archie's collection intends to be the first collection kind of on the new marketplace.
And then we also have the Derpy's, which are kind of their own collection.
But really the core goal of that collection is to help provide really people with a way to learn more about blockchain and educate themselves on the intricacies of the space.
So you could kind of almost look at them like an ELI 5 or explain like I'm 5 type ecosystem or community where the core goal is to really educate and help people out and mentor them to understand the space and really build a community of strong, not only contributors,
but people who really have a strong, I guess, affinity for blockchain and how this all works and the idea of decentralization.
So I'm looking forward to those.
And yeah, other than that, I don't really have much else for updates today, but looking forward to coming on again in the future and providing more in-depth look into what's going on.
Awesome, guys.
Thank you so much for joining.
I don't know if you guys can hear me, but yeah, it was a successful first Archway down.
I'll start to a...
All right.
Thank you, guys.
Thank you, Miguel.
Thank you, Cam.
And have a great week.
Bye-bye.
Take care, everybody.
Bye-bye.
