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Btcfi Innovation On Runes
Recorded: Sept. 23, 2025 Duration: 1:04:19Space Recording
Short Summary
In a dynamic discussion on Bitcoin DeFi, key players from the Runes ecosystem, including Taiki, RadFi, and RichSwap, highlighted significant innovations and growth opportunities. With new projects launching, partnerships forming, and a focus on enhancing user experience, the community is poised for an exciting future as they work to attract more users and liquidity to the Runes space.
Full Transcription
Thank you. Thank you. so uh hey i'm just gonna do a quick mic check can you hear me
yep yep not clear awesome awesome all right thank you oh great getting set to have the conversation please feel free to retreat this space
get friends in i'm also sharing in the groups that i do belong to. There's been incredible development around runes since its inception.
Runes is actually a year, five months, and three days old.
Even though it feels like a decade for some of us, you know,
when you're in the space, it's really faster.
When you're a day old, it feels like, when you're a Wiking,
it feels like you've been here for It's still less than two years old and we have brilliant devs and developers and builders constantly trying to make it better.
So you're welcome to Sash Terminal Spaces where we talk Bitcoin DeFi.
Today, we are focusing on innovation fun around runes. I'm your host, Barbara.
Our guests today are pretty incredible, and I'm going to let them do it. I'm going to do a round
instead and let them do an introduction of themselves. So we're going to start with you,
Roy. All right. Thank you, Barbara. Hello, everyone. I'm Ray, the founder and CEO of Taiki. Taiki
is a decentralized exchange specifically designed for Bitcoin and ruins, which is the topic um hi-case a new kind of dax um it combines token creation on-chain trading and the token
applications and of course innovative yielding mechanics into a unified service and i'm glad to
be here thank you for inviting me and yeah pretty much. Thank you. It's a pleasure to meet you, Roy.
And now I'm handing the mic over to Scott, the man of the moment.
What's up, Barbara?
GM, GM.
Thanks for having me.
So yeah, I'm Scott.
I'm the co-founder and CEO of RadFi, which is a Bitcoin layer one trading and creation of tokens.
Right now we support runes,
but also, yeah,
I'll just keep it there for now.
Thanks.
You guys hear me all right?
Hello, test?
Barbara?
Yeah.
We can now hear you, Barbara.
It's open now.
OK, I thought it was me. Nice, so it you're Barbara. It's open now. Okay, I thought it was me.
Nice, so it's just Barbara.
I guess it's Barbara.
Yeah, I heard you.
Here it is. Okay.
All right, sounds good.
Yeah, sorry, Barbara.
We lost Barbara again, I guess.
All right, Moosin, you want to step up and be the,
run the panel like you did in Asia?
Run the panel, that's your specialty.
Yes, we just host the space ourselves, right?
Like just next one.
Yeah, I did it once.
I think it's last week.
Barbara has a bad connection.
Yeah, let me introduce myself.
I'm Musi.
I'm the product manager of RichSwap.
RichSwap is a fully on-chain trustless
AMM techs built for Ruins and it all happens on Bitcoin layer 1.
And yeah, nice to meet our amazing builders Scott and Ruiz. It's been well. We
Scott and Rui, it's been a while we chat back in Hong Kong at Roos Asia.
And I have noticed you guys both shipped new features recently.
Yeah, of course, Ryswap did that also.
And yeah, I think we have shipped a lot of features. Maybe I can dig into it a bit.
After RunesAsia, I think it's less than a month ago. And we finally activated the protocol revenue donation on Reswap, and all protocol revenue will be donated into the Hope You Get Rich pool on Reswap as Bitcoin.
And so that donation feature is one of the innovations.
Our topic is innovation today.
Yeah, this one of our innovations brings to the ruins space.
And we have worked with BlockManner.
They are donating the cost of the rigs.
They are basically a POW runes launchpad and they are donating their cost
of the rigs into the pools that are restripped. And the donation is purely Bitcoin added into the pool and so that will lift the price of the ruins and reward the
liquidity providers with Bitcoin and deepen the liquidity at the same time.
So that's the way we want to bring all the bitcoin builders and protocols that are building on
bitcoin layer one and also we have open source stage and we we are providing the the infrastructure
for builders and innovators that come into Bitcoin and build for ruins.
Yeah, I think Barbara is back.
Maybe I can handle the back too.
Barbara, any luck?
Thank you for holding the fort.
Can you hear me clear now?
Yes.
Oh, great.
Yeah. But yeah, it's interesting hearing about that. I think we concluded the round of introductions when I wasn't here. I don't know if we go to Azim.
Yeah, I'm here to speak initially. Can you hear me?
Oh yeah. It's nice being on this space and I love the topic.
Based on the recent OML talk going on, so I would love to even hear more.
I have a few questions to ask.
One saying, Radfi and Scott.
I'm just knowing Scott is the co-founder of RadFi, which everybody is speculating. There is a partnership or kind of
a relationship with OML. So I'll be on this page
to listen to you guys and contribute also. Thank you.
Great. I knew that the conversation
was going to head to that point because there's been a lot of attention around
RadFi and with OML launching their leaderboard, it's just like even brought more attention to it.
And it's part of the reasons why we're having this conversation. There are tons of things that
are happening around like runes in terms of the development. But I would like to start from you,
But I would like to start from you, Roy, for Taiki. Can you talk to us a little bit about what you've seen so far? You know, like in terms of runes, we say it's less than two years old, but also it's one year and five months old, which means that it's supposed that age can actually walk. So what are some of the things that you have noticed around rooms that actually made you
to start to build out what you're building? Thank you, Barbara. Yeah, that's an interesting
question. And it seems like we are, or Ataiki is the only layer two application in this space.
or a Taiki is the only layer two application in this space.
Everyone else or layer ones, I guess.
But yeah, RichSwap and Taiki are built upon,
both built upon REE and also using
internet computer protocol technology.
So we're kind of like from the same margin.
But yeah, rich swap is a layer one swap.
And Tite is basically a layer two application
focus on Bitcoin and ruins.
The reason we chose ruins is because we think
it is the most suitable protocol for Bitcoin assets,
launching and trading and all that.
And we're still believing that.
And I actually didn't pay attention to the, like, the date or the time Ruins has been born until you mentioned.
It's like, yeah, it's still a baby, one year old.
And but it's amazing.
We already see a lot of applications, especially decentralized exchange
or swap, no matter it's on layer one or layer two, feeling up around Ruins vertical. And I think we have achieved the first milestone, I would
say, which is building a pretty good exchange or platform for users to play with ruins.
But there are still a lot of work to be done in terms of attracting more users,
whether it's crypto users or users outside of crypto space, which is quite important. And we need more devs working on that, and we need better
infrastructures, although we already have pretty good ones, for example, RE and the
Internet Computer Protocol. And also, I see a lot of different protocols coming up. Maybe that's another topic.
But still, we always do research on new protocols.
That's what we do, right?
Like we are developers, we're builders, and we're also researchers.
We are sensitive to new ideas and new technologies.
But so far, we still think Ruins is the best
protocol in terms of Bitcoin asset issuing and trading. Although there are many other protocols
coming up pretty much each month or even each week. But yeah, I guess my point is
Runes is still the best one today.
And we are open to other protocols,
but for now we're going to stick with Runes
and there's still a lot of work to do around it.
And as for Taiki, we are working on new features and we've been communicating
with our communities recently and intensively. We're gonna roll out new features like in two or three weeks, pretty much in mid-October.
And that's going to be a fruit of our recent communications with communities and also the new development.
Yeah, that's what I want to say for now.
I like that.
I like that.
I like that.
And I also like that there's some sort of partnership and collaboration with, you know,
Rich Swap, which I think is a really cool thing.
You did mention that some new features are coming where we might get into that later.
But I want to talk to Scott, who I basically see everywhere now.
I feel like he turned on his founder rack.
And it's insane.
He's also starting his RadFi talk today.
I think they're going to be having a lot of chat with builders on RadFi.
But let's get into it.
There are some people here in the audience who might be just hearing about RadFi for the first time
due to the OML leaderboard, you know, but they have
no idea what exactly RadFi is. So I want you to do just a little bit of an introduction on that
and the virtual minting and the problem that you intended for that to solve on Runes. And when
you're done, we'll get to Goran, who's just starting on stage. Sounds good, Barbara. Will do.
So, yeah, RadFi is built, is an AMM and Launchpad built entirely on Bitcoin Layer 1.
Fully decentralized swaps using PSBTs.
If anyone's familiar with that technology, I'm sure you've used it in the past,
partially signed Bitcoin transactions, but everything is an atomic swap on Bitcoin between the user and RadFi.
Now, to talk about the problems that we aim to solve, there was kind of two prongs from when we first started.
So we've been paying attention to runes kind of since they launched and were monitoring and considering if we wanted to,
you know, pivot into this ecosystem.
And the first issue that we looked at was the just user experience around trading, which
was so bad.
You know, people trading runes in chunks and blocks on magic eden and other platforms as if they were nfts and really
wanted to address the slowness as well you know you would you'd buy something and then you'd have
to wait a full bitcoin block for for a confirmation to recognize your assets so um you may notice if
you go check out radfi that the first thing you do is you deposit into what we call the radfi
trading wallet now the RadFi trading
wallet. Now, the RadFi trading wallet, you still have full self-custody of your assets.
It's a two of two multi-signature wallet between RadFi and the user, and RadFi's signature expires
periodically. So what that means is that we can't touch your funds without your signature.
So if we tried to take them or we lost our private key or we were careless,
it doesn't matter because you still have the second signature on the wallet. And without
getting too deep into the technical piece of it, the two of two multi-sig is how we enable the DeFi experience that users expect coming from
other ecosystems. So it enables us to provide near instant swap experience, all while staying
true to Bitcoin's security. Every swap, like I said, is secured by Bitcoin. So that's the swap
function. Now what Barbara pointed out and what a lot of people have been excited about since we brought to market is the launchpad feature, the virtual minting, we call it, which that aimed to address the biggest problem in the Bitcoin ecosystem was being how everybody would kind of line up to rug themselves and just light their money on fire during token
mints, right? Like the historical way that people would launch tokens on Bitcoin was that they would
deploy a Rune or deploy a BRC20 on Bitcoin mainnet, make it mintable, and then people
would spam the network and spend their sats on miner fees
to try and get more tokens. And what happened is those fees go to miners, you get tokens,
and then there's no liquidity. It was like if you would go to PumpFun and give the PumpFun team
your Solana, they give you a meme coin, and then they just keep the Solana no liquidity pool.
That's obviously like a very unsustainable, like terrible practice. And I think that kneecaps the growth of the ecosystem pretty badly, actually.
It's really just not sustainable. So that was the problem we wanted to tackle with Virtual Mint.
And to keep a long story short, what we do is the exact same experience of minting runes and
minting BRC20s like people were used to.
But instead of spamming the network and burning everyone's Bitcoin on miner fees, we use the
Bitcoin earned from the minting process to offer liquidity and trades against the token
that they launch.
So I'll pause there and let some of the other guys talk or you
know any follow-ups um whatever you think is best barbara right you know that's great liquidity is
what we actually um do need here and i'm glad like some of these solutions uh for it are coming so
going over to you how are you been a while ribbit uh yo scott this actually sounds really great and could save the
entire ordinals ecosystem i'm gonna be looking a little bit deeper into this because this is
exactly what's been holding back the entire bitcoin shit coin eco barbara thanks for having
me up you know who it is right yeah how you been anyway i'm back i never really left but uh i see
some people are actually building some cool shit
finally on bitcoin it's about fucking time i know this is recorded but hey excuse my language scott
got me a little bit excited wow so we're gonna actually have shit coins with lps and not just
burn the money sending it to miners and inflate the mempool for no freaking reason other than to
pvp each other how long dude it has been how many years since we had brc20s a little over a year
since he had ruins and it took this long for someone to build it wow all right so i gave radfi a follow scott
are you the lead deb just by question like by curiosity i'm the uh i'm the founder i'm not
by trade but i want to get into your dms i want to hear more about this shit because this actually
could lead the way for bitcoin shitcoin ego because i was actually petitioning lately uh
hey why don't we all just fork ord and restart with rooms like that'd be cool but uh that's not
gonna work this is great well done i mainly came in to to push the whole hey let's fork ord for
the sake of more ponzi schemes uh because i was kind of trying to be cheeky but barb thanks for
letting me up that was actually very informative scott and a brilliant idea uh well done i see we
got a lot of energy bro thank you i'm back i my hey look i'm not gonna be toxic here uh goron aka tendy is has
been around still back around and um i've got a lot of hopes for this space um we have a lot more
potential than we realize beyond just trading each other you know janky shit coins with no lps
and uh trading each other's art you gotta got to remember we are on the Bitcoin network,
which means we are handling the only immutable data layer of storage
in the entire world that is permanent, immutable, and forever.
So I just kind of wanted to come into these ordinal spaces
and remind everyone while we're all PVPing
and talking about each other's floor prices
that this is a much longer game than you understand.
Imagine if LimeWire or Kazaa
or any other type of file hosting service
had permanence and foreverness, okay?
We literally are tapping into that
and building on that right now.
And we have been for the past couple of years,
but we kind of forgot about the importance of it.
So very bullish, really cool, Scott.
And I'll be looking into it.
Great, I love it. When tandy comes up and brings all of
that positive energy we actually do need that you know seeing that we are at a time when the
volumes are a little bit low but then we have you know builders who are constantly showing up here
every day trying to train trying out new stuff like scott's you know, I'm using the Rich Swap guys, Taiki and also Omniti.
And thank you so much, Tendi.
But I'm gonna head over to finding out more
about like this flash trade situation.
I did see Rich Swap make a tweet
around something called flash trade.
And they say that you can now provide liquidity
with unconfirmed UTXO.
And I was a little bit bothered by that,
but I think I'd love to understand how it works.
Like how is it possible?
Do you go ahead and place a transaction from your wallet on behalf of the
person onto the UTXO is confirmed?
Can you talk to us a little bit more about
how that helps bring liquidity into ruins? Yeah, yeah. Thanks for noticing what we are
updating and building new features. Actually, the trade with confirmed UTXO was launched as a day one of RIS swap back to February this year.
But we kind of held it for a while and did deep research on the security and the possibility for resume this and we bring it back last week.
And so basically every trade on Swap is powered by the children pay for parents features uh uh from the bitcoin protocol bitcoin midnight
so uh every every uh input uh that that people are using for swap uh the the the user will sign
their input and the pool which controlled by the smart contract,
will sign the UTX code they are controlling
and use the funds in the liquidity pool as another input.
And so they are co-signing the PSBT,
and so the trader will get what they want.
If they sell ruins for Bitcoin, if they're using Bitcoin to buy ruins, they will get
the output in the transaction.
And before this output be confirmed on Bitcoin layer 1 and mined by the
manner,
they can continue
to use this
output from the
unconfirmed UTXO
and to
add liquidity to another
swap. So it's
basically all powered by the uh meta futures of bitcoin
and also this this has a limit that uh for for each utx so a one block can only handle uh 25 25 transactions. So it's basically like a transaction chain that we are built for all
the traders and the liquidity providers at ResWap. So each pool will have this kind of limited issue, but I think in the trading volume and how active the ruins trading right now,
I think it's enough for now, and maybe we will do more research for expand this limitation in the future. And yeah, that's basically how you can do
with Reswap now.
And yeah, I also got the feedback from communities
because I know Redfire has a similar feature
and they asked us to bring this flash trade back.
So we did it.
Again, I'd love to see how many builders are grinding for the ruins space now and build on Bitcoin.
I think the Bitcoin DeFi is just getting started.
And every listener and audience here are really early.
And I think you are all the true alpha hunter in the whole critical space.
That is great. Thank you so much. I mean, the conversation is very interesting.
Some people have already written runes off, but I do think that it's too early to do that.
We still have an opportunity to make it fun and to bring liquidity in.
The fun part is what we're saying with, you know, like RadFi, Tychiron and you, RichSwap.
I think I was quite thrilled the first day that I came across RichSwap and I discovered that, oh, hey, there's an opportunity for me to trade runes a lot better on this platform.
But before I come back to you, Scott, I want to have a little chat with Roy and kind of find out how we're able to build that runes gaming.
Because if you take a look at the Taiki profile, you'd also notice that they have some kind of runes gaming.
It's an interactive style of gaming.
But I'd like to see how that works and how that can grow into something bigger in the future.
Over to you, Roy.
Thank you, Barbara. So about Ruin's gaming, the original idea was, the question, I'll start with a question.
The question was, how can we attract more users, especially users outside of crypto
space?
That's like a million dollar question right and the answer was at least uh
within our team was that mini games mini games was the answer because most of our team like team
members we play games yeah some like mini games, some very intense games.
But we all agree that gaming is like the best way to attract people or at least get people's attention.
And along that line, we thought that it would be great to have some mini games built on Bitcoin.
And since we were working on ruins and naturally we thought that we should connect ruins with
gaming. And also there's another ingredient which is on-chain randomness.
So there are like unlimited number of forms of minigames, I would say.
But the ones we were interested was the probability-based minigames. probability game based mini games. We put all those together on-chain randomness,
runes based and mini games.
There was like the coin flip was
our first probability based rune game.
Right now, originally the gaming was
like a part of Taiki platform, but now it's separated
from the platform.
It becomes one of the ecosystem projects.
So the website for the on-chain runes game is now called Ludia, L-U-D-I-A dot fun.
And yeah, right now, it only still only has one game on coin flip,
which is a 50-50 chance flipping coin game.
Super simple, but super fun.
Still, a lot of people play it every day.
And there's going to be another.
So I heard another game called Plinko coming up maybe in October.
And also supposed to be even more fun, a little bit more
complicated than the coin flip,
but still simple enough to let new users come in and watch and play.
So yeah, it's also using ruins.
Although the ludia.file is like an ecosystem project, but still it connected with ruins launched on Taiki
naturally and organically.
And all the ruins launched,
or I would say graduated from Taiki platform,
will have their own mini games for now, PointFlip,
and in future a bunch more minigames.
So yeah, answer your question, Barbara.
I'll start with a question, and we thought the minigames was the answer.
And it turns out that it was a pretty good experiment
because we saw a lot of usage and gaming activities happening.
Although we don't have many users on Taiki platform,
not even mention the ecosystem.
So we think we're going to have more users for sure.
And I hope that more and more users come as we roll out new features on Taiki.
And I believe that according to the historic record of minigames,
I believe that more gaming activities can happen on Rudia.farm,
which is going to be a good thing for the Bitcoin or BTC5 ecosystem.
Yeah, thank you.
I agree with you.
It will be a good thing for it.
I did see the turnout at the events in Asia.
A lot of people were excited about runes, which was quite thrilling to see.
People were learning about how to trade on Odin Fund.
I remember Scott
Scott kept saying oh my goodness uh Bob is like a star here and and Stan you know Stan also from
Stan one of the co-founders of of Sash Terminal also said the same thing is like sheesh like you
need to see how everyone was trying to take a photo with um Bodley. And that means that people liked how easy it was to trade
on there, you know, and also the liquidity. So ease of trading liquidity, if we take away the
exploits that happened, it did have some kind of audience. So yes, we do see that the audience is
there. We see that the interest is there as well and and i think this is where i bring i
bring scott back into the picture as well i think that something changed after scott came back from
hong kong scott talk to me about about your experience and how you know like being there
interacting the people might have also like um changed something your perspective on how to continue
like running radfi yeah i mean it was definitely very cool to see so much enthusiasm for runes i
mean the turnout at runes asia was very uh yeah much much bigger than i expected i think same
for musin i think definitely bigger than the team expected that was organizing.
And it was, that's the word I'm looking for, like, I feel like empowering is kind of a weird word to use there, but something like that, where it gave me a lot of excitement to continue
building. Validation, maybe, is the word I was looking for on the product idea, and that the
market exists here, and it's only going to be a growing market.
You know, I think like if any ecosystem is going to have survivability, it's going to be the
Bitcoin ecosystem. So yeah, I came back from Hong Kong with a renewed energy, you know, excited to
incorporate feedback from users into the platform to stabilize the platform and add more features for creators,
which you may see that, you know, we teased that kind of stuff last week, but I've been getting a
lot of feedback. I mean, right now the current launchpad is primarily for meme coins. You know,
you can't really launch on RadFi if you want to do something serious or a little bit more planned
than just a fair launch meme coin. And that was, you that was part of our go-to-market. We wanted to make sure the product worked and
people liked it before building every single bell and whistle. So now we're starting to focus more
on bells and a little more on whistles. So adding more features and got a lot of good feedback in
Hong Kong. Oh, that's great. So that means that if a project like OML
was trying to plan something more structured
would have to use Radfire,
that means they will have to wait a tad bit
for that to be ready to be able to use it
as a launchpad, right?
Yeah, that is right.
If they wanted to do their structured launch with us,
they would have to wait longer.
But we got feedback from them on features that would be helpful and from other builders in the space. So, you know, pretty much
we're getting to the point where I think, you know, if you're going to launch a token
or a project on Bitcoin layer one, there would be no reason to go anywhere else.
I like that. I like that you say that with so much confidence,
you know,
because those who have experienced it liked it.
And I think that for,
for a few people,
one of their favorite features is the fact that they,
they will place a bid.
And if their bid doesn't get accepted,
they get their Bitcoin back.
You know,
which was one of the things that we struggled with during,
um, they get their bitcoin back you know which was one of the things that we struggled with during um ruins ruins mint in in april 2024 that was such a terrible for me
because like i kept losing money and we were minting at 1500 sasper v bytes
and we minted tough times
i still have like a token named meme economics and oh yeah i remember that
one i still got a token called satoshi nakamoto ah yeah that was the early days good one for a
few days but yeah so those were the few days keyword there yeah so but now we do have um you radfi you know with the solution
that you've brought out uh however we have also some runes bag holders who have like the og runes
that still have still are looking for some kind of liquidity to come to flow back into their bags or some kind of platform that would
support that? How would you respond to this question? And I think, Scott, when you're done
with this, I think Rich Swap, you can also try to respond to this question. Go ahead.
Yeah, I mean, I think the name of the game is liquidity. And, you know, like it has to come from somewhere. And, you know, we, you know, I think like the tightness of the like OG runes communities is important.
And, you know, it's part of what has kept runes going for so long.
You know, the fact that it has that history of people who, you know, in so many words, bag holders, you know, that's a good,
tight community that's going to continue pushing and, you know, get excited for new products. So
I think, you know, our angle here, we had to solve one thing at a time, which was, you know,
the user experience and then the liquidity for new Rune launches. And then, you know,
the more successful we become and the more revenue we earn, we'll
build up our own reserves of the OG runes to make sure that we can offer that very,
you know, basic product, essentially.
Like if we're going to be the best place to mint and trade runes, we can't not have deep
liquidity for Doggo to the Moon or Gizmo or Pups.
Like those are kind of just mandatory requirements if you're going to make
that claim. So we understand that from like a business model perspective and,
you know, assuming we generate reasonable amounts of revenue,
we can use some of that to build up our own reserves and make sure that we have
the ability to make markets for those assets.
You know, when I do listen to your scores,
I get a lot of feeling that you properly understand.
Like you knew what you wanted to do.
Like you knew the problem and you looked at like some of the solutions
that could exist, you know, for these problems
and you're quite knowledgeable about it.
And you probably have a background in finance, right?
Yes, and you nailed the background, I do.
Makes a lot of sense.
Because when I listen to the analysis and the way you've structured RadFi and some of the new features that are coming, it actually does make sense.
I don't know if anyone here, I don't want to get into stablecoin now so that I don't kind of like take the conversation a bit um away away
from here but musing i do want you to touch to touch on a little bit on that you know liquidity
aspect for the og runes og runes holders sometimes get bitter when there's like a new platform that
is in supplying that that isn't providing that liquidity for them to
be able to trade their runes um is that something that rich swap is currently looking to is that a
need they are currently looking to feel or do they have like suggestions that could make it better. Yeah, actually, just a bit before our space started here,
I just come back from a mandatory one with the Ruiz CC.
Ruiz CC is a Ruiz Chinese community who co-hosts Ruiz Asia with us.
host the Rusasia with us.
And we do discuss a lot of the webs
that going on Bitcoin ecosystem.
And for the OG runes,
I almost talked with every team from the OG runes.
And they all face the same problems because as Scott said, these rules are
minted in the mempool, not virtual mint. So people spend a lot of money, a lot of bitcoin on the
on the fees to pay for the mint.
And many just take the Bitcoin away and pack it in their bag.
And they didn't give anything back to the rules ecosystem
who boosts the on-chain liquidity and makes them rich.
who boost the on-chain liquidity and make them rich.
And right now, almost most of the OG rules team
lack of bondage to build the liquidity on their own.
And I think there's not much ways for them
to raising additional
funds to do that
so I think the
key here is
can you hear me?
yeah yeah
Barbara quick on the trigger there by accident
yeah I didn't know, quick on the trigger there by accident.
Yeah, I didn't know how that happened.
The trigger fingers tweeted.
All right.
She didn't like what you had to say, I guess.
Oh, man.
Oh, my God.
Go ahead, you think.
Yeah, never mind.
Yeah, one thing I learned from the RootsAzio, people barely care about how you platform a building,
and the first thing come to them is user experience, right?
They don't want to start their funds in some unconfirmed UTTI, so they don't even know what it is. They just
know they spend a part of their Bitcoin and all the Bitcoin are available for that trade. Yeah, for Reswap, we bring back the flat trade and RedFi enable it with a multisig trading account.
And these two both bring more potential liquidity.
And also for the liquidity pools on Bitcoin layer one and once we we bring
in the I think it's the Ethereum like trading experience on Bitcoin layer one and I think
Techie or owning fund on layer two is more close to the experience of Solana.
So once we deal with these issues
and we can start building more liquidity and bring more builders.
And if we do have
more innovations in the future, just like this topic
aside, more information on Bitcoin DeFi and all runes, I think it will bring more attention that and how strong the OG meme Runes communities are.
And then they may introduce, interested in, invest a bit on it and maybe manage some trading fees
as more liquidity are coming and more volume are bringing to the taxes and it's profitable
to to many rewards by providing liquidity so i think the the second the second thing here is intention and we need the innovations like how Odin a mini games that's bring brought by the
ring and maybe some more uh d5 protocols and people can actually earn more bitcoin with it
and maybe starting more sites and finally onboarding the majority investors from the whole crypto space.
So right now, to make it happen, we not just build Reswap, we build the infrastructure on Layer 1, that is REE, and also we open-sourced Reswap to help these builders to build more innovations on Bitcoin Layer 1 and to bring the potential for these
dApps that people can play with, can earn Bitcoin from and to boost the whole ecosystem.
And when there is enough protocols or dApps that people can play with, people will for for sure to dig out the history, the OG ruins, and the utility ruins like we did for REACH.
And I think Liquidium just announced their value capture plan
for their token, liquidity token,
I think yesterday or the day before it.
I think yesterday or the day before it.
And hopefully we can see Redfy and the Techie and the Z-Terminal
launch their own ruins and maybe can also capture the value
they are generating from the amazing product have built so far.
So I think it's this that we need to take step by steps to
boost the whole ecosystem and bring the liquidity. Yeah, that's my thoughts, Barbara.
It's, man, like that is so good. I had to start taking notes. Like it's actually really step by
step. But then we do
also see uh the folks that are trying their best at bringing attention we saw that with oml and and
and i must say like i was having fun with it i am still having fun with the fact that like i'm just
people some people didn't get it like i'm so sorry for those who had my notifications on and i was
just like tweeting about it the reason why um i'm doing
that is because like for the first time i had like something like to constantly engage with
you know um we are having like that period where the group chats are a little bit on the low
if you go to discord server some of the servers really even chat in those spaces but then we have
like this thing going on that gives us
an opportunity to get new people to learn about not just runes but as they're coming to make this
runes token they start to understand how maybe bitcoin works or ortingles works that's the
perspective that i do look at it from and and it's one of the reasons i like it the people that i see
on the leaderboard most of them i have no idea who they are and it's great because it's one of the reasons I like it. The people that I see on the leaderboard, most of them, I have no idea who they are.
And it's great because it's an introduction
to new people coming in.
I do like that.
So Scott, how does that make you feel?
Because I do think that when you look at OML,
obviously you can see that
they drew some sort of inspiration from Rat Fight.
You know, the rats, the rats on Rat Fight are so cool.
Like they make rats look so cool that sometimes you're starting to look at the rats in your home like a little bit differently.
Yes, I can. I agree with that for sure yeah now I used to have a fear of rats and now I think
uh you know especially walking around New York City you know I see plenty of them and I'm like
oh nice look another rat as opposed to uh jumping away from the uh trash and fear
I know I know so yeah it makes me wonder why you even went with rats you know like you have like
tons of other animals to go with but you decided
to go with that for your branding and after you you start if you look at the the you the ui of
of rat fight it is so sleek you know easy to look at you enjoy being there so is there anything that informed it? And is there a role that a good UI can play
in terms of inspiring and motivating people to trade on a platform, to trade runes on a platform
or mint on a platform? Yeah, yeah. I mean, I'm not going to pretend to get into the mind of Jen,
our head of branding, marketing, and everything related to that kind of stuff.
The RadFi Rats came from her, and we definitely all kind of fell in love with them when she
first showed them to us.
So maybe sometime we could have her on to talk a little bit more about where the inspiration
for the branding came from.
But yeah, I mean, I think like the overall directive and plan of you know the importance of a UX sorry
is definitely strong you know like from the start you know like it or not I you know the best way to
think about these products is somewhat like a casino right right? And when you're at the casino, they have a lot of
sounds and lights and animations and all sorts of things that keep people engaged and keep them
focused and excited to be there one way or another. And I think that was a lot of inspiration
for the RadFi brand and RadFi user experience. You know, we wanted people to enjoy being on the app,
you know, like the little funny animations
we have in the background and all that kind of stuff.
When you mint the token, the explosion of coins,
you know, all of these things are done on purpose
to keep the app engaging and fun
because that's ultimately, you know,
we want people to enjoy being there.
Yeah, that's great. Thank you so much. I know I want Roy to respond to that as well in terms of
how education can also help, like education on these platforms can also help make it easier for
for runs trading. While Roy is responding, I would like anyone who
has questions or comments to please
quickly send the request. I'll get you up on stage
and you can go ahead with it.
Sorry, on that note, I do have a hard
stop in five minutes. Another call popping on, so
just in case I don't get the chance to talk again,
feel free to pop into our...
I saw that you're up to...
I guess that helps me around as well. Sorry.
I have a midi five sorry I have about maybe 85 minutes
okay
it sounds like all of us
are in the same room
I can stay here
for you guys
like
maybe
it doesn't matter
and then it becomes
a Rick Swap
show session
yeah
yeah
I'll
at this point
try to say
thank you
let me say the thank you
so that anyone can leave
at any point that they do want to.
So thank you so much, Scott, the founder, RadFi and BoundUSA, which is a Bitcoin native stable coin.
Thank you so much for coming on board and, you know, like sharing more about RadFi with us today.
And to you also, Roy, thank you for coming in out of your busy schedule to talk to us about Taiki Run and the upcoming games.
I'm looking forward to those upcoming new features.
Thank you so much for coming.
And Moosey, you're still here with me.
So thank you for being here.
And you're going to stay till we end the space.
Azeem, over to you.
Oh, Roy, do you want to respond to that before you run?
Yeah.
Roy.
I think Roy isn't here anymore as in go ahead all right thank you
um i don't know is um scott's ta or at five you just have to be quite fast because he's
gonna jump soon yeah okay okay all right all right sorry so just a quick one. On seeing these trending OML projects,
Roots projects coming on Roots,
I can see that the only following they have is RatFi.
So people are kind of speculating,
probably RatFi is connected or is also behind the team
working on these OML projects.
So I don't know if the team can just put more light on that.
Yeah, happy to end that speculation before I go.
OML is just a project by somebody who likes RadFi apparently
and, you know, I've been talking to them.
They ask questions, you know,
I'm just another person who's happy with the product
and wants to use the product.
So no relation to the team.
Okay, okay.
Since you said there's no relationship to the team of OML,
I probably will just end the question there
because I thought there was a connection.
I thought there was a connection between Ratify and OML.
So let me just end it there.
Thank you, Scott.
Yeah, yeah, no worries.
Thank you so much, Azeem.
That's a very good question.
Scotch, go ahead.
No, I was just going to say I'm going to jump now.
But thanks, Barbara, for having me.
Great Spaces, as always.
And I will be back on Spaces in an hour
on our first token talk.
So anyone that wants to pop in, ask us questions,
it gives me a Rad5 focus space with a few of the builders in our ecosystem.
So I'll be back there in an hour. Take it easy, guys.
Yeah, I see you there. Thank you, Scott.
Yes, thank you so much, Azeem, for that question.
I think it's a very important one because, yeah,
there are people who still run with that speculation.
It was one of the first things I did ask Scott, you know know when i saw it and i was looking for who was behind it i had to dm scott
to say oh is this you and then he said no but i think we do know that the name of the founder now
um slotty so from he is i think he's a team member of tapro the Alpha. But yeah, he's also an OMB holder and stuff.
But yeah, that's great.
And I appreciate the clarification that came from it.
Roy, I appreciate you for coming.
And Musing, do you want to say one more thing before we wrap up the space?
Yeah.
Actually, I got a question for you.
I haven't noticed that Site Terminal has launched a new website
and I just can't get away with the habit of alpha hunting
like you did daily.
And right now, I'm more focusing on the building.
But I do see there's a Bitcoin loan aggregator coming
from that terminal.
It's called use hedge or just a hedge.
Can you give us more information about that?
I am not authorized to give more information on that,
but what you do know,
I know you're trying to get the alpha from me.
Yeah, I know, Musing, I know you know a bit about it,
but you want to get more alpha from me.
The truth is, yeah, there are so many things coming from SARS Terminal.
The team have been head down cooking, and we do see the announcement around the bridge, the Runes bridge to Spark.
We also do see the swap between Spark tokens, the BTKN.
And the tease around the hedge is also something extremely important.
So I think that people should turn on notifications for search terminal.
More and more information is definitely going to come on that and how that is going to be
rolled out.
You still got time to familiarize yourself with, you know, search terminal and other
things that we are
working on thank you so much musing for for that question yeah maybe i have messages there for that
yeah yeah i do i do yeah yeah yeah yeah great yeah send me a dm and and we can continue because i'm not sure like how much i can share
but yes stars terminal is definitely working on hedge you know i think that stan highlighted that
is some of the the videos that you did you did see in from uh hong kong you know oh so that's um
that's a product that they that they are working on. But all of the details relating to that product is yet to be released.
Yeah, yeah.
I do want to give a shout out to Stan and the developer team from SiteTerminal.
It has been a bit complicated to integrate with swap that we
have done yet but the the developers never give up and we are thinking for providing a more
convenient way to uh get a swap pools picked by the set terminal aggregator and i think the collaboration is right around
the corner and we can go really deep and yeah i hope this will help the whole sys ecosystem
and yeah i i do want to see a huge success launch for OML on RedFi.
And so we can have the buzz again and have the degeneracy.
And eventually we will pump the price of the OG rules,
the utility rules,
and the new launch of the meme coin are all right on Bitcoin.
Yeah, that's my final thought.
Thank you so much, Musing, for that.
I don't think we're able to take any more questions.
We have to keep to the time so that other people who have other spaces can join in.
And there's another RADPi spaces that is upcoming for people who do have more questions. I do believe that the OML team maybe sometime in future would have a space and, you know, like give more details for those who are eating to here and learn more about, you know, what they're doing and learn more about runes.
I believe that this is an opportunity for people to learn more about Bitcoin as well.
I believe that this is an opportunity for people to learn more about Bitcoin as well.
So if you're an educator, content creator, I think it's great to jump on, hop on, you know, like what's going on now.
And, you know, like share as much information about Bitcoin, Orginals, Runes and the other assets on Bitcoin.
Now that we have people paying attention.
I appreciate everyone who's joined us on the space today.
You in the audience who were unable to come up to speak,
but you sat there listening to me.
I'm very grateful for that.
And I hope that you join us next time on Star Terminal Spaces
when we talk Bitcoin, DeFi.
I appreciate you, Taiki, Radfi, Rich Swap, Azeem, BTC, Fristow,
and the rest of the people.
Have a great day.
My name is Barbara.
Bye-bye.
