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🎙️Behind the $STX: Bitcoin Summer & Building the BTCfi Ecosystem
Recorded: June 3, 2024 Duration: 1:07:42Space Recording
Full Transcription
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
Visions, Pete's in the house.
The Vec is here.
What up, BC?
Odin's here.
Let's go.
Who else we got coming up?
Oh, wait.
Odin was stuck.
Beautiful.
Staxi, I see you.
Yo, Pete, I don't know who's behind the Velar account, but just to put it up here, you know
what I mean?
For a little engagement farm action.
Do it.
Do it.
Let's go.
Let's go.
Let's go.
Wait, where's my guy, Dave?
Unless he's hiding under another PFP somewhere.
Dave, if you're here, you better request.
Where is he?
Let's see.
Let's go.
Yo, BC Maven, is Dave coming?
Is he right behind you?
Yeah, let me check with him really quick.
I appreciate it, man.
I appreciate it.
Well, welcome, everybody.
Oh, wait.
Here we go.
Hold on one second.
Big Mac, I just sent you an invite.
Welcome, guys.
So, behind the stacks, every Monday, you guys know we do this, and I figured this week
we'd do something a little bit different, right?
Like, I feel like for the first, like, you know, four or five weeks, what we did was really
just kind of go around the stacks ecosystem, try and maybe simplify a few things.
There he is.
There he is.
There he is.
Try and simplify a few things for a bunch of people, really make sure that, like, the
listeners kind of really understood what was going on, like, what was available within
stacks.
And I think now, I don't know.
I feel like we've kind of evolved a little bit to where it's time we kind of look outside
the walls and we really start looking at this because we're constantly saying, like,
this is the Bitcoin ecosystem that we're a part of.
And I'm guilty of it myself to where I didn't know enough, right?
I didn't know enough about a lot.
So, I kind of wanted to hold this space, obviously, bring some of these powerhouse, you
know, players in here from stacks, from outside, like, different layer twos, B5 Labs
is here.
And I want us to, like, really kind of just, we don't got to go too deep.
I don't want to be too, too technical.
I want to give people just kind of the lay of the land in terms of what the hell is BTC
Who's associated with it?
Who's building it?
And what are the things that are actually being built?
So, Dave, I'm going to start with you.
We don't got to go do formal introductions.
But if you feel like it, yes, please.
But, Dave, welcome, man.
It's a pleasure to have you, my brother.
Hey, hey, what's up?
It's great to be here on.
I mean, we started speaking about real-world assets about six, seven months ago.
And, I mean, the ebbs and flow of the market, they brought us here, my friend.
And I'm very grateful for that because, you know, I've always been a big believer in Bitcoin
since day one, seven years in the space.
I wrote a book about Bitcoin, you know, dissecting Satoshi's white paper.
I don't happen to, you know, divine the wisdom of our great founder and leader.
But I do know that, I do presume that if he was around, he'd be in awe of what's going
on in this ecosystem in the sense of people kind of building on top of Bitcoin layer one
without compromising the consensus of the base chain, without, you know, without these
these divisive forks or, you know, by keeping it real on the base layer, but still finding
ways to add additional utility and functionality and assets and trading onto Bitcoin.
And we're running it back turbo.
That's why I'm so excited to be here with the, you know, Stacks team, B5 team.
We've got Vele here.
We've got all these, you know, at the end of the day, like, that's what I keep telling
people, the liquidity in runes, ordinals, it kind of dried up.
It's coming back now.
A shout out to Dog, who's about to hit $1 billion market cap, got onto the top 100 of
CoinMarketCap today.
But still, it's not what it was about two months ago.
And the only people that are still around are the builders.
So I, for one, am super happy to be here with you, Dave, to sort of listen to the builders
and learn from them, because when all the Iggy Azaleas come back in, we're going to be
ready for that wave of dumb money coming in.
Yeah.
The celebs are coming, whether we like it or not, but we're not going to go down that
figure rabbit hole.
Nah, Dave, thank you for that, man.
I appreciate it.
Maven, let's kind of, like, let's kind of jump off.
Tell us a little bit, like, maybe, like, what B5 Labs is and kind of, maybe even before
that, right, like, how do you guys, and I want this to be open combo, so feel free.
Nobody, you don't have to raise your hand, guys, if you just want to jump in and make
a comment.
But, like, how do we define, maybe we can start with you, how do we define BTCFi?
Like, what exactly is BTCFi?
Yeah, so what's BTCFi?
BTCFi is, like, you know, it's Bitcoin Finance.
It's like DeFi.
It's like CeFi.
It's like, it's a short for Bitcoin DeFi, like, so financial applications that are
built on Bitcoin, you know, mother chain.
That's basically how we see it.
And, you know, B5 Labs is basically in the center of it.
We've been building this trading terminal for the past six months, and now it's live.
We've got some amazing traction so far, and, you know, the whole purpose of it is to solve
the issues of, you know, trading, runes, ordinals, BFC20 tokens on Bitcoin, which can be, take
a lot of time and, you know, can have high fees and need to open your, you know, your
new wallet, like Unisad or whatever.
So we've been tackling these challenges, and, you know, we see, like, the future of Bitcoin
BTCFi, BTCFi summer as this kind of thing that we're all hoping for.
And, you know, it's getting closer.
We can see, like, new capital flowing in, new developers will bring in new attention from
the users, and, you know, there's this kind of hype, speculation cycle, and it's been an
amazing journey so far.
So we're definitely excited to be here on the space and speak with you guys, and, yeah,
let's talk about where we see BTCFi going, because we're definitely hyped about it.
So give me the one-liner, like, B5 Labs is, and dot, dot, dot, give me that.
Dot, dot, dot.
Yeah, so B5 Labs is a trading terminal, it's a place to trade BTCFi assets, okay?
Got it.
Yeah, so, yeah, money, you know, you come, you trade this kind of Bitcoin-related assets.
Right now we have something like 15, including, like, the most popular ones, like POPs, Turk,
you know, a bunch of the, like, the OG memes on Bitcoin.
Uh, every week we're adding new tokens to trade, every week we're adding new networks
that you can come from, let's say, uh, this week, uh, we've added Scroll, uh, last week
we've added Manta Network, before that we've added Mentel, uh, so we're, you know, we're
opening up this kind of Bitcoin ecosystem assets to new networks so people can come from whatever
and trade these kind of, uh, Bitcoin assets, so that's, that's what B5 is about, yeah.
Got it.
So, let me ask, so, Pete, I'll ask you this question, right, because I was just going to
ask Maven, like, and how, like, how does it, how do you guys work with Stacks, is that possible?
But I'm going to ask you, Pete, like, how do we work with the outside, right?
Like, and I say the outside, because I'm on the inside here, right?
Like, how do, like, uh, how does a, uh, a Dex like Velar, right, now actually work or
interact with anything, let's say, outside of the Stacks ecosystem?
Yeah, good question.
I mean, first of all, before we go on to this, I kind of hate the phrase BTCFi.
I think that just, it just feels weird.
It feels hard to say, you know, like, I like, I like, I like Bitcoin DeFi is how I call it.
But I think that's one of the first things, right?
It's making this shit, like, easy people to understand and easy people to, to, to learn from,
right?
Everyone knows what DeFi is, just shove Bitcoin in front of it and it kind of makes more
sense.
So yeah, so Bitcoin DeFi and how that's going to work.
Like, for me, I think when it comes to, like, different ecosystems, we have to be on all
of them.
That's what, that's what Velar's main aim is, is to, to be operation on all the best Bitcoin
L2s in the ecosystem.
So right now we're currently on Stacks and we're working with the, obviously we've got
our Dex on Stacks and eventually the, the Perp Dex will also be on there once Nakamoto is,
is live.
But we're also going on Bitlayer and we're also going on Bob as well as some different, uh,
Bitcoin L2s as well.
So to be able to, um, interact with things on different layers, we have to be able to
have a Dex, a launch pad and a Perp Dex, for example, on these different layers.
So this is why I think what we're doing at Velar is so, so important, right?
Is without something like Velar, you will not be able to interact with these layers.
That's why it's so crucial that we, that we come in and we build the foundations out.
And that's what we've been focused on for the last 12 months is building out this kind
of like roadmap of what should be in place for everybody else to come alongside us too.
So Velar's whole angle and whole, whole kind of, uh, vision is to be that DAP that you use
across all these different layers within Bitcoin.
The one place you stop, the one place you use, the one place you trust.
Um, and that's why today we, I don't know if you guys saw, but today off the Velar account,
we did a post that just highlighted kind of what security means for us and how, when people
add liquidity pools to Velar, we can't even touch that.
We can't do anything about that.
Like you have full control over the liquidity.
So it's just about building that trust in the ecosystem because if the, if the Bitcoin
ecosystem and the Bitcoin community trust us, they're going to allow us to roll out to
these other trusted L2s and we can support them on there as well.
So it's just about having coverage and just about being in the trusted, uh, decks and the
trusted DAP and to bring the community with us really.
Well said.
Yeah.
So I'm curious, Big Mac, I'll go to you, right?
So just based off what Pete said, it sounds like, is there a comp, I mean, this is just
me is just like hearing the words, right?
Is there a competition for money out here and, or like liquidity, like he's like, as
long as we have the liquidity pools, like, you know, we're going to, we're going to keep
flourishing.
But at the end of the day, like it, where is the money now?
Right.
And how do we see it?
And I guess what, I guess, tell us maybe like a little bit about kind of where Bitflow
fits into the, uh, the Bitcoin DeFi picture.
I think we see it more of a collaborative aspect and the things, uh, you know, uh, rising
tide rises all boats, uh, by having like a different, uh, trading routes, uh, we can
basically, uh, leverage, uh, the money in the whole system into one single goal at the
end of the day.
Got it.
And is, so now do you view, I guess, I know you said, uh, obviously like rising tide raises
all ships, but do you see like a Velar or like any other decks out there, like as quote
competition, I guess to say, like, I get it if you guys want to share the liquidity, but
like, I guess, how are you guys like, maybe this is the better question.
How are you getting liquidity like onto your platforms?
Uh, you know, there's different, different strategies.
Uh, like Velar mentioned, they, uh, have to, they want to be like interconnected among other
L2s, uh, for Bitcoin.
Uh, our angle is more being like the, um, think of it as the curve.
Uh, for Bitcoin.
Gotcha.
Uh, Devek.
So Dave, just, just to jump in, like, I don't know if you guys saw, but I think Bitflow have
just done a integration to, to utilize some liquidity pools.
It's big, man.
It's probably a good, good time to bring that in, bro.
Cause it makes a lot of sense.
What kind of integration did you guys do, Max?
Uh, we're basically integrating different pools, uh, and trading routes, uh, for all the
details is more on the technical side of things.
I just sort of mentioned the community end of things.
Uh, but, um, basically right now that we're doing it through new trading routes through
Arger Deco and Velar as well, uh, which is kind of, um, uh, it's going to include new
pairs, uh, like XDX, Welsh, Odin, Leo, Pepe, uh, for example.
Uh, and then these, uh, the rest on the lineup would be, uh, row, uh, and A-E-U-S-T and also
through, uh, Arger Deco, uh, the new routes are Deco USDA, Stax USDA, SDX Deco.
So basically, Dave, essentially what Bitflow are doing there is a tapping into the liquidity
pool on Velar.
So it's, it's great, it's great for us.
It's great for the community as it allows essentially Bitflow can tap into the liquidity
pools that are based on Velar, uh, all secure, all legit, all above board, uh, and just gives
the community an extra, an extra route.
So I'm, I'm super bullish on that for the guys.
Like, you know, I think, I think it's cool to see, but also for liquidity providers on,
on Velar, like not only you helping develop pools, but you also helping the Bitflow pools
as well.
So, you know, for, for a Velar perspective, it drives us further forward as being like
the, the, the central liquidity provider for the Stax ecosystem right now.
You know, when, when Alex got hacked and the kind of swaps went down, you know, everybody
came to Velar to, to, to add liquidity there to keep the ecosystem going.
Um, so, you know, uh, the Bitflow guys have tapped into that as well to, to almost be like
the brain behind the, the AMM.
So like, it's just, you know, that's why I wanted to give the guys a shout out for that.
It's super cool, but it's also shows that the ecosystem works together.
You know, like we, we don't see anybody in the Stax ecosystem specifically as competition,
right?
We're, we're all fight.
I always say it's, we're all fighting the same fight, you know, like we have much bigger
enemies, uh, than let's say us and Bitflow or, you know, whatever, like we're all trying
to stay in the same fight.
And like, you know, whenever we go to events, whatever, like the boys are boys, right?
We are all, we're all kind of friends.
We're all chatting about the Bitcoin ecosystem, how we grow things, what we need to build in
this space.
You know, these aren't the fights we have.
These are the partnerships we create.
Um, and the most important thing is, is driving forward what the community needs.
Um, so, you know, in this recent stuff with the Alex, you know, saga, the community needs
the boys to band together and build what the community needed.
And that's exactly what the, what the guys at Bitflow have done.
So super bullish on those.
And it's great to see that, that come forward.
I love that, bro.
And I have probably a bevy of, uh, of other additional questions.
Let me just pass this mic around for a hot second.
So, uh, Devek, like, tell me, sorry about that.
That's a train in the background.
I won't jump.
I'm not going to jump.
I swear.
Um, Devek, tell me about what it is that, uh, that you're building.
Um, obviously like you're big in the stacks community.
Like tell us a little bit about what you got going on and, and are, are you now working
with, I guess what I, what I say is like the outside, right?
Are you working together with, uh, any, any other, I guess, teams or, or protocols that
are outside the stacks ecosystem and how?
Yeah, right on.
Thank you for the time.
Um, yeah.
So flagship product, uh, this, my, my name is Devek flagship product is Teller CLI.
Um, we've been put basically taking a bunch of custom endpoints and creating endpoints.
Um, recent collaborations have been with, uh, STX city and spaghetti punk.
Um, we continue to, to release daily, just some background.
Uh, we brought on our full, uh, third full-time developer recently.
Um, ultimately we're building our hash havoc.
The primary company is building, uh, stacks land.
And so we have a variety of product suites that are coming out here.
Um, in, I mean, our whole notion is we're going to build a product of suites for STX.
Um, we have like, you know, token generator, airdropper.
We have a, we recently did, uh, an Alex tracking.
They'll be released to the public holders list.
Um, and so ultimately we're, we're, we're really digging into the, to, to what's off
chain, um, creating a number of endpoints that can be used for a variety of products.
We're open to collaboration.
Uh, and so we have ideas for days.
And so we're just going to keep building until you just, you'll just show up and be
like, dude, there's so much here.
Um, you'll spend like three hours on the site at the end of the day.
So how, so how would you work with, let's just say like a B5 labs, right?
Like, like how would you ultimately, I guess, integrate, because I guess the way I'm seeing
it now is you're, I guess, more on like the, I don't even want to characterize it as that
like data side, I was going to say, but, um, yeah, no, no, no, that's a good one.
So like lots of times people will look at us and say, oh, you're Dunes or you're something
like that.
But like, you know, we, we like to see ourselves as that, like, we take it to the next step.
Right.
So we can obviously get the same information that Dunes has.
Um, we've considered producing our own Dunes page as well, and we can do all that stuff,
but we like to take it, like we want to derive something so that other people can utilize
it for their, for their usage.
For example, just another day we're at, I mean, so Teller is our CLI platform and, um,
we ultimately use it as a way to basically do our research and development.
So we don't really fast iteration.
And so just the other day we're like, Hey, wouldn't it be cool if you could search, you
know, let's say like, you know, let's search like all the contracts on Alex that, that deployed.
So we implement a deploy by holder.
We can immediately see any contract deployed by them, have a reference to it.
And so ultimately, like if you're a DEX or an exchange, or if you're anyone in the space,
like if you want access to those custom endpoints that give, uh, access to your users, like
this is the way to go.
So like, if you're trying to do an airdrop and you want to have all the holders of a
specific, you know, account, like we, we, we have that endpoint.
Um, so it's all about the customization and finding out what each, um, you know, whatever
project needs.
And then we, we customize that and so we can immediately determine the data is available,
ready for us.
Um, just the other day we were talking with our new, our new member.
He's like, Hey, I'd really like to be able to search all the tokens based on name.
I'm like, great.
We'll just, we're going to generate an endpoint.
And now we're going to add it to our teller and we'll add it to our, to our, to our ultimately
our apps.
But you'll basically be able to search like Alex, if it's, you know, the dot name on
that, any contract that has Alex will be there and then we'll reference the contract, the
holders, et cetera.
So there's a lot of interesting things you can do when you get access to that data.
Um, and so that's kind of where we're, where we're at.
So, I mean, we could literally come up with, that's what I'm saying.
We have ideas for days.
And so the more that we can collaborate with, um, the exchanges with anyone in, in a project,
the more that we can make.
And then ultimately like, we're, we're like, we have an open door policy.
We're like, we want to collaborate with anyone, everyone, because we're not competing with
anyone.
Like we want STX cities to use our stuff.
We want anyone to use our things.
Um, we run our own nodes.
We have no rate limits.
Like we're completely being as transparent as possible.
And so like to us, like we're going to, we're, we're going to, we're going to do this as a,
as a collective and everybody wins in this and it ultimately all goes to BDC.
So that's kind of our, our, our standing, uh, our standing motto.
I love it, bro.
That was really good.
Like amazing.
Um, okay.
So now Pete, I want to come back to you for a second.
Right.
So I know, um, uh, and big Mac, this is, this might be partial for you as well.
Right.
So I know that Bitflow obviously is making this runes marketplace, right?
Like I kind of want your guys' sentiment, uh, on where do you think like ruins is currently?
Um, uh, like what are you building for it?
And I guess, how do we see this thing playing out?
Because I mean, I see obviously on Bitflow finance, you guys are obviously heavy into ruins.
Pete, I don't know if, uh, if Velar is actually going to be doing anything with ruin.
I'm sure there'll be like, you know, being able to swap and stuff, but these marketplaces,
everything is so primitive as of right now.
Right.
It's like, this is why you see people kind of going like this whole rollercoaster of I'm
bullish, I'm bearish, I'm bullish, I'm bearish.
It's the, I feel like the infrastructure is not there.
So Mac, maybe to you first, what is the infrastructure like being built, uh, over at Bitflow?
And then I can go maybe jump over to Pete.
Uh, as far as for the state of the ruins market, I feel like it's currently going through like
a little bit of a, uh, uh, not low, but you know, it's cooling down a little bit.
Uh, but it's, it's normal, you know, and, uh, we do expect it to, uh, revamp again.
And then as we near, uh, or we, we head into like better macroeconomic, uh, situations,
I think that'll be improving a lot more as for the specifics of what we're building, uh,
at Bitflow, uh, we have a couple of, uh, surprises coming up.
I didn't get into too much, uh, but let's just say that we're, our aim is to strip away
the complexity and make it so that it's, so that the user doesn't have to deal with all
the, uh, the hassle of, um, having to be a DJ and are very deep into the, the ecosystem
to understand how things work.
Got you.
Pete, and then David, I'm going to come to you afterwards, but Pete, what are you, what
is Velar doing specifically like for, uh, ruins?
Is there anything like in the works?
Like, how are you guys going to, I guess, kind of service the ruins market?
Yeah.
So at the moment, our, our most important thing we're focusing on is, is bringing across,
you know, our suite of products to different layers.
We've obviously got our perp decks that is, uh, going to be released on Bob real soon and
obviously stacks as well.
So kind of focusing on getting that to main net is like our main aim right now, as well
as bringing out AMM launch pad, et cetera, to, to market.
I think our next real big push after the perp decks is going to be very much around the
launch pad and allowing these other different Bitcoin protocols and projects.
come to market in the most efficient way as possible.
Um, we're pretty deep within the, the kind of early Bitcoin ecosystem as well.
We know all the kind of great builders and people that are within that space.
So, um, I really think the Velar launch pad is going to have some of the, some of the
greatest Bitcoin projects that have come into, come into market.
Um, so I'm super pumped about that.
I'm also pumped about runes, but I, you know, for me, like I, I just want to create more
ways in which people can interact with Bitcoin on the, on the deepest level.
Uh, I'm, I'm just a, I'm a runes holder, right?
Like I, I got a rune stone for having some OG ordinal.
Um, so I've had the, the dog airdrop, right?
So, uh, I'm pretty happy with how the market's going for me there, but you know, I think for
us at Velar, like we're focused more on getting the ground levels set in place first for the
entire Bitcoin ecosystem.
And then that will allow people to build on top of that, right.
And interact in that and how they want to do it.
So, um, without saying it's not, it's not, I'm not saying it's not a big fight and not
one that's worth fighting, but I just think for us at Velar, I think, you know, we're
trying to build some, some really aggressive things right now.
So we just kind of, you know, you're always in that position of, you know, um, you know,
resources, time, you know, getting to market as fast as possible in the most efficient
way possible and, and not just spreading yourself too thin.
Right.
I mean, we, there's a great thing with Bitcoin and the crypto ecosystem in general is there's
always something new.
There's always something you can build and always a new idea that can come to market.
Um, Mithil's always said to me, like, we've got our plan.
We, we execute our plan and we focus on our plan, you know?
So, you know, we, we'll, we'll keep delivering what we believe is, what the community needs
right now and what we believe the community will need in the next five or 10 years.
Uh, and we've got to build that, that foundation out, um, step-by-step in the most secure
way possible.
Um, and that for us means that we don't run off in, in new directions.
Every time something new comes to market.
So we're just, you know, we're really in this for the long-term, really in this for
like the, the, the, you know, not, not the short-term wins and just about building the
proper ecosystem and infrastructure required to, to take the community where I think they
want to be.
Man, my boys, my boys good over here.
He is ready.
I love it.
Let's go.
Uh, Maven, are you back up?
Can you hear me?
Okay.
Yeah, buddy.
Sorry.
I've got some Leon shitty wifi over here, but I am back.
And, uh, straight ready time to get into the rooms conversation.
I mean, uh, I do like, you know, I do see the growing pains.
I'm, I'm one of the disappointed crowd.
I'm always an eternal optimist.
So leading up to the halving, I was just like, Oh, rooms is going to be the best thing
since sliced bread straight off the bat.
One Billy market cap for multiple rooms.
And then there were obviously, you know, obviously like the rubber hit the road and you realize
quick enough that this is a, you know, a year old sort of, uh, barely a year old protocol
and you still need to develop infrastructure for it.
And sort of the, let's say, X block explorer type, uh, indexing that allows you to, to track
the room balances.
You know, you want to be able to send and receive it without blowing shit up.
Obviously ruins as a function called the center tap that could just get your rooms burned.
So a lot of growing pains, like we're kind of going back to, to ground one with ruins.
So I think that's why, uh, you know, things are a little bit slower.
No one wants to, you know, maybe take the risk of being first to market, uh, there's with,
uh, with anything groundbreaking, but I think as we reach a critical mass and most of these
technologies are open source.
So there will be a tipping point where, you know, building builders will build on builders
and, and we'll see all the, uh, functions that we know and love, like the DEXs and liquidity
pools and, and AMMs and lending.
And, you know, we started to see lending in rooms and, and that's all going to come and
that's going to, you know, and then the question becomes like the assets themselves, what's their
main use case?
Because, uh, right now it's memes, uh, and there is a question of whether memes are suitable
on Bitcoin.
I mean, people are trading memes on one hour candle, one hour, one minute candles.
So, uh, memes are very quick, very cheap on Solana and like, and, uh, with Bitcoin, it
can get a little bit, you know, clunky and that's by design.
So, uh, is memes going to be the, you know, the killer app of ruins, is it going to be something
else?
Uh, I don't know, but it's exciting to, to find out and, uh, lots of fortunes will be made
on that journey.
Yeah, absolutely.
Um, listen, how's it going everybody?
Um, great show so far.
Uh, just a quick question there for, for Mavin.
Um, how would somebody make money on your platform, man?
My man, the most simplistic question.
That's exactly what I need from time to time.
Thank you, Stu.
Yeah, yeah, yeah.
That's a, that's an important question indeed.
Uh, yeah, so, uh, right now the, the way to make money is basically to trade.
We got spot trading, we got leverage trading, we got, uh, perps trading, uh, including stats
token.
Uh, and, uh, in the next few months, we're planning to launch, uh, I think one of the most interesting
things right now, uh, which is the B5 reactor, which will allow users.
It's basically like a singular place for the users to tap into different, uh, tiers, uh,
that they can get like different types of benefits, including like early access to new
rooms projects that are launching soon, uh, whitelists, uh, a bunch of benefits, including
like the trading terminal, like no fees for the trading.
And, uh, um, I think like, you know, there's a bunch of ways that we can enable users to
make money.
Uh, and, uh, right now we're launching the LP.
Sure.
Was that me?
Or I think, I think he got rogged there, man.
He's got dodgy signal.
Shit.
That was good, man.
It was good.
It's so spicy that they had to censor it.
The moment, the moment we were just about to learn how to make money broke our track.
They want you to keep you poor.
The fans want to keep you poor.
Don't let them get onto it.
Trask it out.
Connect your wallet and find out how you, how to gen wealth.
That's not that's correct.
Let's go.
Hey, and by the way, Dave memes, let me tell you, memes aren't going fucking anywhere.
Okay.
They're on every chain.
They're going to continue to be on every chain.
They're going to continue to get bigger on every chain.
And it's just how it's going to go until the masses of people get here.
And I kind of want to transition to that in a second.
But yes, civilian, welcome up, man.
Thanks for being patient.
You have a question.
Come on.
For real.
You waited the whole time.
You were asking me.
Guys, I can't wait to get up to the space.
Engagement farmer.
Come on, civilian.
Goddamn.
All right.
Never mind.
Forget it.
Forget it.
Forget it.
Forget it.
Hello.
Sorry.
Sorry.
Come on, bro.
Sorry.
Sorry.
Sorry.
Um, are you the one I'm chatting with first?
Let me ask first.
Of course I'm the one you're chatting with.
Okay.
I want to declare that first.
Nice.
Okay.
My question is, I really want to understand this DeFi of a thing.
Because I really don't know much about DeFi.
So, and now for it's coming on Bitcoin now.
So I want to really understand it well.
So we're not talking about ETH.
We're not talking about ETH on, uh, I mean, if anybody wants to take that, they can.
But that's not really the direction where we're at.
No, no.
I'm not talking about ETH.
I'm talking about the DeFi, DeFi, DeFi on Bitcoin.
Oh, okay.
Yeah, yeah, yeah.
I'm not, I'm not a really, I'm not an ETH fan self.
I'm on, I'm on Bitcoin.
So I really want to understand the DeFi of a thing.
I really don't know much about it.
Is it, I want to know if, is then, is it built on layer two on Bitcoin or on Bitcoin
and network himself?
That's one.
Then how do I go about it?
That's the second thing I want to know.
How do I make money?
Here you go.
I'm going to lay this up for one of you guys.
Because this is what a new user is going to be, right?
Like the user that hears about Bitcoin, they hold maybe a little bit of Bitcoin, but they
come in and they're just like, huh, where do I go?
Because I know when you were asking those questions, civilian, I'm thinking to myself, that's not
what we're talking about.
But it's like, wait a minute, wait a minute, wait a minute.
Let me back up a second.
This is what the average user is going to be like.
Yeah.
So I'm going to leave this open for you guys.
Whoever would want to take this, the simpler you can explain this shit, the better off
I think the easier things are going to be for everybody.
So I mean, anybody can take this one.
Feel free.
All right.
I'll jump in.
I'll jump in.
Because I've been trying to think about how I can explain this to people in the most unique
way.
So my understanding is that you know a bit about Ethereum and therefore you probably know
a bit about DeFi in that sense.
So essentially the position that you're currently in right now with Bitcoin is you can't really
do anything with it, right?
So Bitcoin itself is an asset with a fixed cap.
Like you basically can just buy, sell, send.
You can't do anything with it, right?
Which is why kind of back in the day, the kind of Ethereum was created, right?
It allowed people to basically build kind of programmable money.
You could basically build on top of Ethereum and you could do things like swaps.
You could do lending, yield bearing assets, perpetual trading, like whatever you want
to do, right?
That was the whole point of Ethereum.
What's kind of happened from this point is people have realized kind of all the things
they could do on Ethereum.
But the issue with Ethereum is like, you know, you're constantly umming and ahhing whether
it's really safe, like whether or not like one day they could just print like a trillion
new tokens, like who knows what's going to happen, right?
So basically what's happened over this time is that like Bitcoins have got together and
they've gone like, cool, how do we bring the programmability of Ethereum to Bitcoin,
the hardest money, the best blockchain ever created and ever will be created.
And one of the first ones that was created was Stacks, right?
You can see Stacks here, Stacks.btc.
Yeah, yeah, yeah.
You've heard of them.
Yeah.
So Stacks basically allows you to do, to build on top of Bitcoin in a programmable way.
So it's not quite there yet with the speed of Ethereum, but it's still on the same speed
as Bitcoin, but they've got a new update coming through called Nakamoto, which in theory will
bring five second, three second block time, depending on who you speak to, right?
So at that point, you'll have programmable infrastructure on top of Bitcoin with five
second block time.
And at that point, you can pretty much do anything, right?
So Vela, which is where I'm at, so Vela, essentially our aim is to build every single
dApp that's ever been built on Ethereum on Bitcoin.
Now, there's currently, yeah.
So for example, our AMM, our DEX, which you can see now if you just go to Vela.com, that
is the equivalent of like Uniswap, right?
So you've heard of Uniswap, right?
So basically right now you're so fucking early in Bitcoin DeFi that you are now watching the
brands like building the entire infrastructure, right?
So the way I see Vela is it's like seeing Uniswap like in its third, like second month of launch.
You know, like the way I see like our Perpdex, it's like, you know, we're launching our Perpdex
like now on Testnet.
Like imagine seeing some like DIDX or whatever, like launching like their Testnet for the
first time.
Like this shit is so early that you have like got a front row seat to like history literally
be made.
And so, so yeah, so the big TLDR is Ethereum programmability with Bitcoin security is basically
what Bitcoin DeFi is.
Okay, fine.
I will check it out.
I will check it out.
I will do more.
But lastly, before you go, my, my last question is now the gas fee, what are we paying the gas
fee with?
Yeah, good, good question, bro.
So that depends on the layer you use, right?
So in this case with Stacks, you'll be paying Stacks fees.
And then, you know, I assume on these different L2s that are getting rolled out, they'll have
their own, you know, their own token and you pay, you pay with their token, right?
So it's, it's paid in the currency of the network.
And the most important thing to understand is in most cases, what happens is the, the,
the kind of the, the trade or the, the, the, the, the, well, I can't think the correct
terminology happens on their chain, then it drops through and it finalizes on Bitcoin.
So you have to be looking for the Bitcoin layer twos that are actually having Bitcoin
finality, right?
So that's the, that's going to be the big play when you're looking at Bitcoin DeFi over
the next six to 12 months is cool.
Maybe these products are talking about Bitcoin finality, but do they actually have Bitcoin
finality?
Like in the end, does this actually finalize on Bitcoin?
Because I think there'll be a few that say they have Bitcoin finality, but in the end
they actually don't have Bitcoin finality.
That's very important.
That's very important.
Yeah.
That's like the most important thing because I truly believe that the Bitcoin DeFi narrative
will be the narrative of this cycle.
And so you'll see a lot of people playing with the narrative.
So it's crucial that we make sure that we're kind of operating on chains that actually have
Bitcoin finality.
That's like the key, the key aim here.
But some, some, some won't originally, which is fine if they're in testing phase and if
they're rolling things out, you know, I can give some people some slack as they roll,
roll things out, but like, just keep half an eye on that.
Like the good thing with Stacks right now is Stacks is the only Bitcoin L2, as far as I'm
aware that has Bitcoin finality, right?
So that's why Stacks has got first mover advantage.
I just wish, and they're in the audience now, I just wish they'd hurry up, you know, with
Nakamoto because it is, uh, it's slowing everyone down.
I can't lie.
Okay.
Let's go get a move on.
Thank you so much.
Thank you so much.
Civilian.
Thank you, bro.
Great, great questions.
And Pete, I say even better answers, bro.
That was like phenomenal.
Hey, could I extend what Vision's saying as well?
If it's so cool.
So just from our perspective as, as, as building and builders, it's like, we see it as kind
of like Disneyland, right?
Without the rides.
And so we're all building rides.
And so that DeFi component, that SBTC, like you obviously trust and verify it, but like
you, the opportunity right now is like, we have Disneyland without rides.
And so we're all building the ride.
And so you have the opportunity to get it on the ride.
You got to do all your due diligence, making sure that they're Bitcoin related, that they're
doing SBTC.
We need Nakamoto.
But the key here is that like, we have an endless amount of rides that we will, that
need to be deployed, right?
We're, we're ultimately all trying to build stacks land.
And the more that we do that, it all just goes up.
Like you don't want to be paying at the gate to get into the ride.
You want to actually be building the rides so that other people are paying at the gate.
Right.
And so if we're building everything inside the ecosystem, then we ultimately have like,
just imagine, like, think of, think of the possibilities of when you have all the DEXs,
all the exchanges, all the, the apps and DAPs, and it's an ecosystem full of fun, right?
Like everyone's going to want to enter.
And the question is, is that, did you get in on the bill part or are you paying at the
gate?
Bombs.
Let's go.
I'm stealing it.
I'm stealing it.
That's mine now.
I'm taking it.
I swear.
It's like you rehearsed that.
That was fucking amazing.
So vision, collaboration.
You take what you need to take where we'll take what we want, but together, we're going
to make this happen.
So it's all about collaboration.
I want to, I want to know this.
Did you practice that in front of the mirror?
Cause that felt so rehearsed, bro.
That was perfect.
It was like, that was like the greatest one time take, mate.
One time take.
Every day it's recorded.
It's natural.
But I'm so, we, we are so committed to building on this chain.
Like we, we literally, like we have our day jobs, but everything else goes to this.
And so like, we think about this a lot.
And so like, I mean, we're so committed.
Like we even got stacks land.com.
Okay.
Like we can, we can connect it all.
Like I want to see, like, I want to see a map of stacks and everybody's on it and they
all go to stacks land.com and they can go hit wherever they need to go.
Right.
Like it's going to happen.
Get bring stacks land.com launch, whatever the fuck you need on Vela and we'll ride,
we'll ride the fucking rollercoaster to the moon, mate.
Let's do it together.
Let's go.
Yeah.
Let's go.
Let's go.
Um, I did, I did want to ask this question, uh, and civilian amazing.
Seriously.
I just want to say thanks again, man.
Great, great, great questions.
That's the simple shit that we need to be able to answer.
Not all this fancy shit.
You know what I mean?
We have to be able to cater to like the average user.
So maybe let me ask you a question.
So from a platform, like growth perspective, how long have you guys been around and how,
like, what kind of growth are you guys actually seeing currently?
Like, are we seeing a lot, a lot of new, like active users coming on the platform?
Where are they coming from?
Any kind of insight you can give us there would be awesome.
Yeah.
So, uh, that's a great speech guys.
Uh, good feel, uh, practiced, uh, in front of the mirror.
So kudos for that, uh, and got, in regards to our growth.
So yeah, we've seen some, uh, pretty nice, uh, traction so far, you know,
relative to what we're seeing in the market.
So obviously ruins and, and BFC 20 tokens, ordinals, all the spaces is so new.
So there's, uh, not a big community that's still in it.
Not like ether, you know, Solana, obviously, which has like millions of users,
but we have seen like, uh, a couple of thousand daily active users on the platform,
which is pretty nice.
Um, and we've seen like, uh, 15,000, uh, wallets, which have come to the platform
from different networks, have connected their wallets and traded on the platform,
which is, which is pretty cool.
Uh, you know, with, with just the basic, uh, version of what we're offering right now.
So we can imagine what we can have in the future.
Um, and we got to like specific, so, you know, we got a lot of data,
which is pretty interesting from wallets, uh, that have connected.
We have like top 10 wallets in, you know, crypto, which are connecting, uh,
seamlessly to our website, uh, to adapt like, uh, MetaMask, Magic Eden, uh, Phantom, uh,
um, um, and, and a bunch of other tier one wallets, uh, like OKX,
which are, we are running a campaign with right now.
Uh, so, you know, in terms of data, we, we can see a lot of users,
which are coming from, uh, I think pretty obviously most popular wallets
like MetaMask, uh, Unisat, um, and we're getting a lot of like user behavior data,
which is interesting that we can, you know, in the future, we can, uh, do stuff with it,
uh, which is great.
And, uh, I think, uh, we're mostly excited to see like, you know, capital coming back
to the market in the next few weeks, because in the past few days,
at least it's been a little bit of a cool down.
Uh, so we want to see, you know, uh, users coming back to trade
and, uh, uh, volume increasing again and stuff like that.
Uh, but we're definitely, uh, optimistic about, uh, Bitcoin summer
because it's fucking coming, you know, it's, it's coming and no, nothing can stop it.
So, uh, yeah.
Let's go.
I love it, man.
I mean, I'm glad that you guys are growing.
Like what's, I guess the last question for, from, uh, for me to you on just on this topic,
but what is the actual like growth metric that you guys are tracking?
Is it like, I asked the question, I guess, almost assuming, is it daily active users?
Um, or is it something else?
I think, uh, there's, you know, there's not a lot of, uh, metrics that are interesting for us,
but, uh, daily active users is always interesting because it gives some kind of indication
on, uh, how many users actually like your product, how many users are coming back for it,
how many users want to trade these assets, uh, through your platform and get these kind
of benefits that we're offering, like, you know, instant trade settlement on ordinals
and stuff like that, which is pretty hard to get on different places.
Uh, and it's nice to get this kind of, uh, you know, good feedback from the users.
Uh, we actually have this kind of, you know, special section on the product, which says
like, give feedback.
Uh, and we've seen some, you know, I don't know, tens or hundreds of, of different feedbacks
from the users.
And, uh, overall there's a very high satisfaction.
I think it's like 90 something percent.
So, uh, you know, all users are happy.
So we are happy and, you know, we're just going to keep building stuff that users are going
to come and play with and have fun and obviously make money because, you know, it's crypto.
That's the name of the game, baby.
And, and just to address one thing you said, right, regards to, are there enough people
here, I guess, like in the ordinals or the ruin side, let me play you a quick little
excerpt from a Saturday afternoon Twitter space when some of these heroes just walked
in the room, listen to this.
And I'm going to tell you what the numbers are behind it.
And the best part is the shorter, the smaller the space is, you can connect more freely.
We also have Leonardo.
Leonardo.
That's fucking dope, bro.
Thank you so much for joining the space.
Uh, I would love to have you as well.
If you're free, uh, do come to the stage.
It's really a pleasure to have you, bro.
Of course.
It's my fucking birthday.
We roll it.
We roll the space.
We roll it.
We roll the space.
Bro, that space went from 11 people, 12 people to 2,700 people in a matter of probably two,
three minutes.
So there's certain people out here that are commanding these numbers.
Yeah, that's awesome.
That's awesome.
Let's go.
Niffy, I love you, bro.
No, bro.
I think it's all because of you, bro.
You were there to support me.
And I'm being very honest, bro.
The space would have been nothing without you.
And I'm very honest.
I think I need to do it once for you as well.
We have Dave in the fucking building.
Let's go.
Let's go.
Yeah.
Dave, let's go.
Happy birthday, Niffy.
Another one in case you needed it.
I saw High Roller came up.
High Roller.
Sorry for this little comedy interlude, but what's up, my brother?
Hey, hey, guys.
I heard you guys talking about opportunity.
And, you know, how early we are.
So as someone who spends 25 out of 24 hours thinking about that, you know, I just felt like this is my time to join in and give as much input as I can.
Let's go.
Well, I just wanted to make a comment as well.
Well, when we're when we're thinking about how early we are, I always like to think about, you know, first, who's in the markets at all?
You know, who's who's thinking about investing?
Who's thinking about, you know, how to how to deploy their capital?
And most people and most people aren't in the markets, right?
Most people are kind of just throwing money in a 401k.
And then most people aren't in crypto.
And then most people are in crypto, aren't in Bitcoin.
And then most people are in Bitcoin, aren't in Bitcoin DeFi.
And then most people are in Bitcoin DeFi.
Haven't even heard about stacks.
I'll be honest.
A lot of people.
Right.
And so we're so early that, like, the people who are getting in are the smartest.
They're the institutions.
They're the people with the capital.
But it's not the users, truly.
And the reason why we're so far isn't because they don't really get it.
But it's there's so much to get.
There's so much in stacks that's going to blow your mind.
When I talk to the people who are in crypto, in Bitcoin, in the markets, and then I explain stacks, it blows their mind.
They're like, how haven't I heard of this?
And it's because you don't have the write-ups on Nakamoto or SBTC that reaches them.
And you don't have the layman level of what it means in the future, much less, like, will the people come out to start, like, advocating or verifying.
Like, you're not having, like, other than maybe, like, a few articles from, like, maybe Coindesk or some every now and then one or two articles.
Like, you don't have these great supportive articles that every other chain has.
And so when you get that, and more importantly, when Nakamoto comes out and all the users start flooding in, it's like you're bridging basically Bitcoin and Bitcoin DeFi.
You're bridging crypto and Bitcoin DeFi.
You're bridging the markets and Bitcoin DeFi just because the users are looking for more information now.
Copy. Got you.
That was well said, too.
So, guys, can we talk about, one second, can we talk about, like, fragmentation?
Because I don't know why it's a fancy word.
I keep seeing this word, and I'm now, like, starting to use it in my voice, mesh it into the vocabulary.
But when we say fragmentation, right, I know that, like, Pete, I get it.
You were saying we're early.
Dave, are you still up here, Dave?
Yeah.
Yes.
Okay.
Dave, I know that we talked about this a little bit, but, like, Dave, when I say fragmentation, right, what is it going to take, right?
Because I saw, like, a B squared partner up with, like, a Merlin chain where it was like, hey, we have, you know, the security layer.
You guys have the money.
Let's kind of make this work, right?
Like, how is it going, because to me, like, I guess the way I'm seeing it is, are every one of these different pieces of technology, like, on their own chain, right?
Like, how is this actually working, and how do we get around or avoid this whole fragmentation thing?
Yes, I think that, again, we don't need to strain any brain muscles thinking too hard on Bitcoin,
because the playbook has been written for us by what I would like to call the testnet on Ethereum, and that is, you know, we have many, many L2s and EVM chains,
and you have the bridges between them, and obviously you can bridge one chain to another.
Obviously, it makes fragmentation, like, you know, has multiple layers.
Number one is, you know, what I just mentioned.
Number two is a level higher.
Like, you can, you know, different DEXs, different protocols, different, you know, different products interact with one another,
and that becomes more of a challenge.
But I think the beauty about Bitcoin and runes is that eventually, you know, with Ethereum or EVM in general,
you have, you know, the EVM, the roll-ups that might push data back to the ETH mainnet,
but the assets themselves sit on those Layer 2s, and you have a lot of EVM chains like Avalanche, BSC, that aren't Layer 2s.
They have their own, you know, their own chain, their own kind of universe.
And with Bitcoin, you have Stacks, you have a bunch of other L2s that are playing the game,
but the assets, you know, the products might be built on Stacks, might be built on Merlin, might be built on Barb,
but the assets themselves, which are, you know, right now it's BRC20 and runes,
but the runes are always going to live first and foremost on the mother chain, on Bitcoin.
And then they're going to migrate to Stacks and, you know, Layer 2s for, to be able to do stuff with,
until someone can find out how to do native, you know, AMMs on the Layer 1,
which I don't see happening in the near-term future.
Maybe OpCat solves that, or maybe OpDog, I don't know anymore, but until that happens,
the L2s are going to add functionality and speed to trading the runes.
But the beauty about the Bitcoin is that the assets themselves aren't fragmented.
You know, there will always be a sort of a copy, a sort of a reflection of your runes on the mainnet
and on the Bitcoin base layer, and you can always just hold your runes, you know, in your Bitcoin wallet.
You don't have to do anything fancy with them.
If you want to, that's where the L2s come in.
So fragmentation is, I think, is a problem to solve, but it's not, it's not sort of all-encompassing
because everything resolves to the Bitcoin base layer.
How are those damn provisions in the framework?
I don't know if you've seen that.
Have you seen some of the stuff that's getting built, though?
Like, I think fragmentation is going to be a problem.
I actually do, but I think there'll be, out of the 100 Bitcoin L2s that are getting built,
I think there'll be maybe three that are actually around properly doing the right things.
There's actually a project coming out called Lamina Finance.
I don't know if any of you have seen it.
Lamina Finance, basically, the whole aim is to solve fragmentation.
So you can utilize any of the Bitcoin L2s wherever you want from one central place.
And if you have assets on one, you can utilize on another one,
which I think is pretty fucking phenomenal.
If they can do what they say, that makes a lot of sense.
And then I've also have been speaking to a lot of people that are building smart contracts
on the base layer itself.
But there are obviously, like, issues with that regarding, like,
speed of transaction and cost of transaction.
So I think we could actually see, like, two fully blown ecosystems
where people who want real security
and don't want and don't care about fees and time
might use the layer one.
There's people like Arch Network, you may have heard of,
who are doing layer one smart contracts.
And then people that need speed and, like, you know,
want to don't really and trust the L2 to a degree, etc.,
will be happy on the layer twos.
I think you'll probably see most of the locked TVL maybe on, like, layer one,
but then most, but then the higher yields will be on layer twos
is probably how I will probably see it unfolding, if it makes sense.
But who knows, right?
This is the crazy game.
Like, who actually knows how this goes?
Like, we can only sit here and make predictions.
I think at the end of the day, the best bet is to be the dap on top
who can decide where they want to be.
Hence why I'm doing this thing right now.
Let's go.
Yeah, he's right.
And I'm just looking at Lamina Finance.
And I'm going to go – oh, sorry.
Go ahead, Dave.
You want to respond?
No, I just want to kind of sidebar.
And I think about it a lot.
But for me, like, the fact that all the runes teams, you know,
spent six things to etch and to distribute their runes on that halving block,
like, out of their own pocket,
when the whole Web3 space is just dripping in grift, you know,
like everyone's trying to drain money from the community
and put it in their own pocket.
I'm talking to you, Sahil, if you're here, fuck off.
If you don't know Sahil, usually that's better for you.
And over here, you have these teams, anonymous teams that have been building.
I mean, there's a lot of provenance in history here.
A lot of them are, you know, early, early ordinal inscriptions,
and they've been planning this for months,
and they paid out of pocket to etch and distribute runes.
So, you know, the people in the know are banking on this.
You know, you're seeing, like, you know,
these runes getting too close to a billion-dollar market cap
just in, like, this whack price discovery mode.
And that's without all the bells and whistles.
So, you know, I resonate with Vision 100%, man.
Like, you know, the holding and the lower kind of APY on the base layer.
And then, obviously, DGEN is going to want to DGEN.
So, they'll be looking for B5 labs, start dApps, you know,
to put liquidity in, get some APY.
So, very bullish on that.
I think we've got Harrell, I think he's wanted to speak.
But I'll knock it back to the day, my stuff.
Yeah, yeah.
I appreciate it.
Go for it, High Roller.
Yeah.
So, I mean, from my perspective, I think a lot of applications,
they have, like, two things they're looking for.
One is the finality or get on to Bitcoin
or get as close to Bitcoin as possible.
And then, two is they have their own idea
and their own application that they want.
And so, a lot of the ones that launched, you know,
like, runes or just on with ordinals
and their own ideas on Bitcoin layer one,
a lot of them, like, not only wouldn't mind
going on to, like, different layer twos,
but they would actually prefer to be more, you know,
like, launch on layer one
and then be brought to layer two to kind of, like, scale it.
And so, like, on that search to finality,
you know, when you kind of, like, have to decide,
you know, which layer two is the best layer two,
you have to look at, obviously, security.
You have to look at, you know,
the functionality of the chain you're using.
You have to look at, you know, what is the broader goal?
Because you might not even just use one layer two on Bitcoin.
You could use multiple layers, right?
So, there's the case in the future
that you want to bring applications from Ethereum over to Bitcoin.
There's also the case that you want to, I mean,
very simply, like, recreate, you know,
a new application, a new version of an application,
and it's based off of someone else's code.
Like, you don't have to just copy it.
You can develop it and make it slightly different.
All of these things, I mean, you could use stacks partially.
You could use an EVM-compatible chain
for, like, another part of it
and have a bridge that goes across.
And just basically, like, a lot of these,
it comes down to, like,
how does your application really want to function
and what functionalities do these chains have
along with their finality on Bitcoin?
Good point.
All right, so we're closing in.
I know we only got, like, a couple minutes.
I wanted to do one thing,
but I guess I kind of just wanted to maybe go around the room
and, you know, give everybody kind of the final thoughts.
This was a really, really good space.
I'm going to work to really get these a lot bigger.
Variety, I really, really want more diverse,
like, different protocols, different, like,
I really want to truly understand
because it was only once this Alex hack happened
that I was just like,
I don't know enough about none of this shit
from just a simple security perspective, right?
And shout out, yo, Pete, shout out, like, to you
that was, like, giving me the education on the security side.
And, yo, let's not forget the Odin team
that's been sitting here, by the way,
who started off as a meme token,
quietly worked their asses in the background
on the Stacks platform
to a $2.5 million market cap
and is now releasing an actual DEX aggregator, okay,
with a token that is going to be airdropped
to their Odin holders.
Bro, bro, I fucking, I love the Odin boys, right?
Because when we first launched Vela,
we were like, cool,
we need to get some really, like, community-driven projects,
like, on the DEX.
And we didn't want to,
we didn't want to go for any
that had, like, already had, like, market share.
Like, we wanted to have someone
that was, like, from the community,
like, to grow the community as well.
And the Odin boys listed on Vela,
and they've absolutely killed it.
Like, there's,
there's nobody can say ill about these lads.
Like, they grafted from the trenches, you know?
Like, and I've been,
I've been in touch with them since day one.
Real nice guys.
Genuinely believe in what they're doing.
And amazing to see.
I think I said this on a Spacey the other day.
I don't know whose it was on,
but it was like,
we're going to see this shift of people coming out,
creating a meme coin,
and then actually building infrastructure.
Because, like,
when you create anything
within the crypto landscape,
it, like, gives you the taste
to continue to build more stuff.
And I think the Odin boys
have done exactly that, right?
They've built a meme coin,
which has then created a community for them, right?
So now they've got a loyal community in the space.
And now they're providing more value
to their community
by building an aggregator, right?
And it's amazing to see.
So, you know,
I've always said to them,
they know this,
like, just message me
and I'll help any way I can.
But maybe one day
I'll be asking them for help, right?
They're killing it.
Great to see.
I actually thought about that.
I was like,
what if the market cap
is like,
all of a sudden,
the student becomes the teacher.
Nah, but for real.
Like, I think what you guys are doing
is great though too, Pete.
Like, and the Odin boys
don't speak, by the way.
Uh, they're, they're far overseas.
So they're, uh,
they're, they're not speaking right now,
but, um, yeah, like I shout out
to what you guys are doing,
obviously like in supporting
some of these others
and kind of to everybody,
I guess in the stacks ecosystem
and not to leave out V5 labs.
I mean, if you were in here,
I'm sure you would contribute too.
I think it really was a joint effort,
you know, like a community effort
to kind of just get everybody back on track.
And I know that we're,
we're nowhere,
we're nowhere near there yet,
but I'm pretty sure that like,
you know, we'll, we'll get there
given the resources
and just the people,
like literally the people that we have.
But Dave, I think, I think,
I think we're basically back there now
and we're back there
with a new sense of understanding
about what people shouldn't be doing.
And I think people are now more educated
than ever before in this space.
And it, and it sounds,
it's horrible to say,
but now people understand
what the red, what red flags are
and what to actually do
and what they should be doing
and focusing on.
So I think the community
is going to come back
much, much stronger.
And I think there's also
a much, much stronger sense
of community as well, right?
I think, you know,
the amount of kind of friends
and connections that people have made
in the last couple of weeks
since all this ordeal has happened,
I think it's amazing to see
how much the community united together
to drive things forward.
So, you know,
I think the community
is going to come back stronger.
Now, I have no idea
how this is going to be resolved
with the Cincy Alex.
Like I have no,
I've not been affected,
but so I don't really know
where it's at or whatever.
I don't know if anyone
in the audience
understands where it's at,
but I just know the community
is coming back stronger
and it will be, you know,
hopefully for everybody
who lost funds,
it's just going to be
a small tick, right?
And we can move further forward.
Big facts.
Big facts.
Thanks, Pete.
Maven, tell us,
anything closing,
any closing thoughts?
Like what can we maybe
as a community,
we might be a Stacks community,
but at the end of the day,
like I highly encourage people
to kind of get out there.
Let's start really exploring this
and like I'm loving your platform.
So anything that we can do
as a community
to maybe help you
and any closing thoughts
you may have?
Yeah, I think it's always great
to have a Stacks community
join our community.
We love Stacks from day one.
We've been following them,
you know,
in discussion with parts of the team
about possible stuff
that we can do together
in addition to what
we've been doing together
these last few days and weeks,
like, you know,
trading perps
for Stacks token
on our platform.
So we're definitely looking
for more ways
that we can integrate
and get involved
with the Stacks community
and team
and foundation,
et cetera.
And, you know,
we're always open
for new members
in our community
to come and try out
the platform
and if they want to
give some feedback,
we're happy about that.
And just, you know,
thanks for having us
on The Space.
It was awesome.
Really loved you guys' vibe.
And feel free to join
our community
and, you know,
be in touch
if you guys have any questions,
if you have anything
that we can help you guys,
we'll be happy to do so.
Just let us know, guys.
Yeah, man.
And if you have like a,
what's it called?
Like a Discord
or anything
that you want to put
in the comments
or pin up to the Jumbotron,
please feel free.
Yeah, sure.
Thanks.
Good stuff.
Devek, talk to me, man.
Candyland.
Stacks Candyland.
What are we doing?
Give me some closing thoughts.
There it is.
So I think the few things
take away from me
is like we're already here
and that's really important.
So don't quit now.
The second part is,
is that like
we're all building out there
and if you're not building,
then, you know,
show your support,
use the ride,
use the product,
provide feedback,
engage.
You know, we all,
from everybody,
from ground up,
everybody wants to hear
what they're doing.
We're all putting in time
and so I think the more
that we all contribute,
the better
and that just goes
to the better ecosystem.
The last part I'll say is,
well, obviously,
shout out to D-Grants.
They have,
Stacks is doing D-Grants
right now,
D-Grants too.
There's a launch party tomorrow.
Get involved,
participate,
see what they're building,
see what they're doing
and I think that you'll be
quite excited to see
what's coming up.
Let's go.
Good stuff
and thanks for joining, man.
Dave,
I will give you the last one
before we,
actually, no,
I'm going to take the last one
but I'm going to give you
second to last one
if you promise to keep it
30 seconds or under.
I don't need 30 seconds,
I need one.
See you next time.
We have a long road ahead of us,
a beautiful batshit road.
So it's lovely to meet
fellow travelers
on the road to the moon.
Let's go.
And I always,
I feel like I'm going to
start doing this now
because I've kind of,
like,
this is kind of sad
but it is what it is.
Hey, Junie,
what do you make
of the whole
Bitcoin ecosystem
and the Bitcoin L2 ecosystem?
Do you think we have
a really bright future?
Absolutely, Pep.
The Bitcoin ecosystem,
along with the Layer 2 solutions,
has a lot of potential
for a bright future.
Bitcoin has always been
the pioneer in the crypto space
and Layer 2 solutions
are addressing scalability
and transaction speed issues,
making it more viable
for everyday use
and large-scale applications.
Layer 2 solutions,
like the Lightning Network,
are crucial
because they enhance
Bitcoin's functionality
without compromising
its security.
This opens up
many possibilities,
from microtransactions
to more complex
decentralized applications,
making Bitcoin
more versatile.
As more developers
build on these solutions,
we're likely to see
an ecosystem
that's not only robust,
but also diverse
and user-friendly.
This will attract
more users
and developers,
creating a positive
feedback loop
of growth
and innovation.
Let's go!
You heard it here first, guys.
Is that your score
at your hands?
No, they took it away
from me, man.
They took Sky away.
They robbed me of Sky.
No, but thank you guys
for every deal.
Stu, thank you so much
for co-hosting
and the Odin Squad.
Yo, Pete,
fucking stellar stuff, man.
I learned a ton of shit
here today.
This was really,
really amazing.
High Roller,
Devek Civilian,
I know you have your hand up,
my boy,
but that's it.
The space is over, my guy.
I will see you guys later.
Yeah, tune in
a little bit later today,
3.30 p.m. Pacific Standard Time.
We got all things crypto
with my boy,
Cool Crypto.
Peace!
