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Building BTCFi Roundtable with UniRouter and BeFi Labs
Recorded: Oct. 17, 2024 Duration: 0:55:30Space Recording
Full Transcription
Oh, that's really impressive.
All right.
That's awesome.
on b5 labs open a liquidity pool that will allow for trading uh of their uh token so so far we've
launched like uh two or three different campaigns with uh some nice projects uh in the space um
one of them was ordinal spot which is a great team that we've known them for a lot of time
and uh they have their brc20 token which is called trio and right now there is a campaign
running on b5 uh both for uh trio volume uh most like top volume makers on the b5 terminal with trio
and for the liquidity pool so uses the deposit liquidity uh for the trio pair uh basically
there's like 40 000 up for grabs so uh it's like 25 000 trio tokens uh and it ends in like a week
and a half so you know now's your time go for it uh you know there's a lot of money here to take so
to win so uh you know do your own calculations and but i think this is a great opportunity
uh and uh then we've launched with the orange which have the orange wallet and they're also great uh
great guys great team um they're also launched a liquidity pool on b5 so uh you know go ahead
try it out it's uh i think it's one of the you know only liquidity pools uh product which is
walking right now on bitcoin so uh it's pretty exciting for us at least and um yeah i think that's
like the most recent development that sounds awesome are those liquidity pools on the core chain itself
just curious yeah so there's no liquidity pools on at least not on b5 uh with core yet but we are uh
in talks with the team with the core team uh to get uh to get core also uh on b5 spot trading uh with
a liquidity pool that will support core trading yeah so it's it's in process but uh yeah stay tuned you
know looking forward to that yeah i think it'll be awesome to have liquidity pools on core chain
itself as well because we we have so so many people who are very keen to trade who are very keen to provide
liquidity who are very keen to earn yields so i'm pretty sure that that will be an interesting angle
to work with the core chain as well so maybe over to uh unirotor or b squared uh could you tell us about
the latest developments of your projects and any updates that you'd like to share
oh okay i'll take the spot uh uh we've been building like for like almost a year and it's it's
been a journey but i think it's it's been like a very exciting and also like a learning and also
developing like econ experience for us because i think we're constantly you know upgrading like our
project and constantly you know building uh something that can you know give our community
like more you know benefits because currently we've already you know got hundreds of thousands of
stakers and they've been staking by their bdc like on our platform and exchange for our points and
exchange for uh b2 token or just b squared networks like native token and also uh currently you can leverage
like ubtc like other d5 platform and on our or our partnering like some other ecosystem or like in
some decks or exchange for their points in exchange for their assets i think trying to make the ubtc our
liquid asset more liquid so i think this is our currency where we're trying to extend and we're also
trying to bridge like um like bdc like uh ecosystem or like our token like to some ebm tokens so i think
this is gonna largely extend like our utilities and so i think this is our next move uh you know basically
now like bdc has already you know uh gout or has already you know hate like 59 percent in your dominance
uh i think this is gonna be pretty huge and uh especially looking forward to the uh presidential
election and it's gonna be like like it's gonna like generate a result i think like before that or
after that i think it's gonna be like a bullish trend and we're trying to our best like to uh to develop
and also like to extend more or bring more you know benefits and you know beneficial utilities for our
status yeah so that's uh that's the current like intro about in the uni router yeah thanks bell
awesome um how about b square network would you like to share about some latest developments or updates
yeah thanks um first of all thanks for inviting us uh i'm arvin uh from b square network a brief
introduction about b squarement b square network b square network is a modular bitcoin layer 2 solution
it introduces b square roll up the first bitcoin roll up based on verification commitment and b square
hub the first bitcoin data availability availability layer that achieves finality on the bitcoin network
and um for the the update i think currently we're working with many uh partners including other
uh including d5 protocols and other chains to uh explore in the btc fine i think the the for all the
bitcoin layer tools are very uh exciting solutions because we are bringing a lot of scalability to the
to the table especially for the used to be idle btcs and one of the biggest opportunities here is btc5 of
course um which essentially opens up a new way for bitcoin holders to earn yield on their assets
so that's what we are currently doing together with other partners including not only projects but also
like like chance like cordial is one of our important partner now um and uh we also collaborated with uh
partners for example like babylon who are uh enabling btc staking and liquid staking so that we can have
these lsts um uh circulated on the l2s and letting btc holders put their idle
access to work so together with all the partners um uh what we see traditionally as store of value
the btc is only a store of value now can be really a productive a productive asset within the d5 space
that's the the uh i think what we are doing and um we're very lucky to work with the the top
partners in the market and hope to provide real value to the users
um sounds great yeah i think with uh ubtc on the core chain that definitely definitely be much more
use cases much more yield opportunities and liquidity for ubtc holders i think that's something to look
forward to in the collaboration with unirolder b squared um that's exciting for me um the next question i
have would be what milestones has your project achieved so far um i'd love to hear about it from all of you
maybe beefy could go first about yeah yeah yeah it's uh yeah it's b5 thanks uh actually it was yeah
i know no worries everybody calls us beefy but i don't know why but it's it was supposed to come from
like a c5 and d5 perspective so like a bitcoin d5 you know b5 uh i guess i see yeah but you know
because i need to explain it it's probably uh not self-explanatory anyway so yeah milestones uh so what
key milestones are products achieved so far so we've been you know out since about a year now our product
has been out for like six months i think we're one of the most ready uh products in the bitcoin
ecosystem right now um in regards to like key milestone i think you know uh raising funds was a
obviously something that's very important at the beginning of every uh early stage company so uh yeah
and uh launching the trading terminal like six months ago was a key definitely a key milestone for
us and then the perps and uh and the liquidity pools and you know the next feature i don't know if it's
the time to talk about it but uh you know the next key milestone that we're having is like to release
um the b5 reactor which is going to allow users to participate in the trading fees of the trading
terminal so like 50 of the trading fees of each liquidity pool will go to the b5 token holders
uh stakers to be more accurate so that's like the next key milestone that we're having um and you know
integrating with core was another uh interesting milestone um definitely excited about what we can
do together in the future and you know launching that core liquidity pool on b5 so there's a lot of
stuff going on right now uh but i think like the key ones were the fundraising the product launch
uh token launch you know lp launch which was a really like a change in the market for how
companies see us and walk with us uh so yeah thanks great question that sounds awesome i'm looking
forward to more developments in the future as well um how about univerter or b squared would you like
to share about some key milestones that your project has achieved oh yes uh yeah actually like
uh as i mentioned earlier like it's been what a year so we've been you know counseling upgrading
and lots of things uh you know basically now we i think we've achieved like great milestones
donkeys we've just reached over uh 220 mil you know so growing and tvl and also you know hundreds of
like over 500k stakers already i think uh of course like this is this is a power ecosystem and i think
this is also you know another aspect of the strength like from discord network i mean the whole ecosystem
i think that's that's pretty cool and uh you know this this kind of you know sticking i think this is
our first milestone and we're trying to and in the next move as i mentioned and we were trying to
incentivize more um our like stakers and our you know uh ubdc holders they're trying to bring more
benefits to them and uh so that is why we're trying to extend our you know uh utilities and at the same
time i think the best the best way to incentivize our uh like stakers and ubdc holders is gonna be
to uh like to share like more you know um real rewards i mean it's just i mean everything i think
it's it's for real but but it's just like uh for example our token like uro i think it's i think we're
gonna like to teach you pretty soon and in this way i guess like it's gonna be like more uh like uh it's
gonna you know incentivize like how there's like more and i think we're also you know preparing for
that part and afterwards and we're gonna like to uh the bridge and i guess in the next couple of
months and i'm pretty bullish on that because uh for the presidential election and whether you know
anyone you know wins i believe so it's gonna be pretty pro crypto and you know lots of the inflow uh
etfs and the mass adoption i heard like last a few weeks ago and a japanese you know company
and i suppose meta planet i suppose they purchased like uh 100 btc and their their stocks you know
swords up to uh 15 i mean that's a lot i guess you know so that's a lot in a mass adoption for btc so
that is why i think um you know we're preparing for that and yeah so basically that's that's that's
that's the kind of you know milestone that we've been reaching uh about you know about stickers about
tvl about the utilities expansion about our you know tg uh coming soon so yeah thanks a lot bill
that sounds pretty awesome will the euro token be available on the coaching as well
oh yeah i suppose you know we're gonna like to the potential discussion uh you know i believe so
yeah yeah i mean it's really easy easy to deploy on the core chain because we're evm compatible and
there are so many dexes as well that can support deep liquidity for the url token for example we have
glyph we have corex i'm pretty sure liquidity pools can be set up and trading activity can occur for
people to get their hands on uro tokens and um a wide variety of use cases besides just trading can
be applied on the core chain as well i think that will give your token more value as well that in
turn helps to incentivize the ubc uh the holders uh of the ubc so i think that could be very interesting
that's very yeah that's very exciting to hear uh that's absolutely another talk probably after this
space yeah thanks exactly i would love to touch base on that as well uh how about b square network
would you like to share about some of the key milestones yeah definitely so uh b square network
we launched our minnet back to this april so we already launched our minnet for about half a year
and currently we have um accumulated more than seven million wallet addresses with more than uh 80 million
transactions and um currently we are working uh with as i mentioned with many other partners d5
protocols and the chance to enhance the bdc5 and some um users or of audience may be curious why
uh uh b square network as a layer 2 is working with other layer 2s like core to uh to to build in uh bdc5
uh actually we think that we're uh as layer 2s we are not like competing with each other especially
for uh b square network we position ourselves as a gateway because we have a da layer together with the
roll up so uh the dna itself is like a gateway so uh it safeguard the the the rollups the the execution
layers and also uh as a pos chain itself it is safeguarded by babylon so we are like a gateway from the
layer 1 to layer 2s uh for both the the users and uh assets uh currently uh on babylon b square network
is uh ranking number one as a chain as the finality providers uh and ranked uh number six among all
financial providers so we're uh using babylon's bdc staking to safeguard the pos chain b squared hub
together with all the execution layers and also we are bringing a lot of asset from uh layer one to
layer two so for for people uh who had bdc they can stick to babylon and choose b square network as a
financial provider and and then using the lst on the l2s and together with partners like unirotor we can
bridge the ubtc the yield bearing bdc to other ecosystem and participate in uh multiple different
uh uh d5 protocols and to seek for a higher yield and like multiple layer of yields for users so that's
the the the the mechanism we're working with other chains and ecosystem and we believe this is a very
healthy collaboration and which can provide the real value to users so if you are curious about uh
the btc5 you can explore it on any chain you are interested in and uh for us uh we provide a aggregator
called b squared bus and on that page you will find the strategy that we collaborate with
for example core and you can choose to participate in that strategy and get multiple yield from that
so that's the the the product currently we are working on and we are keep optimizing all the user
experience so hopefully we can uh involve with all the partners and uh we also believe that btc5 will be
the very important trend in the near future in the next following months
um sure thank you thank you for that yeah i i do agree with your standpoint that the l2s are not
uh in competition but more like each of them has their unique value proposition but once again i'd like
to uh highlight that core is uh an l1 that actually sets us apart from some of the other l2s out there
and a few items uh and a few things about core as well that is slightly different is that um we are fully evm
compatible that makes it really easy for d apps to deploy on us and in turn we can support a lot of
the btc derivatives that are out there in the market um right now i think we have more than 100 d apps
deployed on core be it land and borrow be it dexas and that actually provides a lot of use cases and
additional yields for any btc derivatives that come over and on top of that we are providing real yield for
btc holders uh we have several products on the core chain itself that provides real yields in terms
of core tokens for example we recently had solve btc.core that is the lst on core chain and we are
also going to launch our own lst btc that entitles bitcoin holders to use as well as having that btc fully
liquid and available to participate in a full ecosystem on core um yeah i think that there is
much more chances for collaboration with um bitcoin side chains bitcoin l2s other bitcoin solutions as
well and i think core eventually we see ourselves as a hub for all bitcoin activity in the future um i think
that's um that's um the vision for for core really to be consolidating and um a good place for all btc assets
to be on um my next question for you uh you guys would be what in um what made your project choose
integration with core and what made you guys choose core as a partner
maybe beefy b5 labs can go first
or anyone really yeah yeah sorry i had i was on mute didn't know sorry uh yeah so uh what made our
project integrate with core i think it was like the fact that core is one of the biggest
uh players in the bitcoin ecosystem i think it's pretty obvious that you guys
uh been here for a long time and you know established a good high brand um and we've been working with
like the top players in the xsm um you know uh alongside with core uh which is it's it's it's awesome
you know to be here and uh i think you know it's it's a matter of gaining like enough community and and
uh reputation and also i've met some of the core team in singapore and token 2049 now you know they
were just great people and great vibes uh and that was like the final decision for us like to move
forward with this like partnership or integration uh so that definitely was a key factor like uh you know
there's nothing like a real like real life meeting of people and and you know taking that as a as a
as a critical um decision making element you know for sure i think it's awesome to meet in real life as
well um i was there token 2049 but i didn't manage to catch you or see you but yeah i mean i'm pretty
sure there are more opportunities in the subsequent events we are pretty much gonna go to most of the
major events around the world awesome maybe uni brother you could explain a little bit next about why
you guys chose to work with core yeah absolutely like uh you know first of all i think core is just a
very strong community like after you know very long times development you've got like very strong
foundation and everything i really appreciate that and so you know by partnering with each other and
by bridging ubtc to core bridge and it just largely extends our utility i think can just put our ubtc
like into like more application scenarios so in device or in some protocols i think that's gonna be
wholesome you know so looking forward to that to the you know future's performance and you know so as
as we mentioned earlier i think there is just also like another great potential to discuss with each
other how to make ubtc stuff like more you know usable and more beneficial to the stakeholders and to
more beneficial to both like ecosystems so you know i think that's i i just see like um like like
greater potential and so lasting opportunities so yeah so i yeah absolutely i think we're gonna get
like much closer you know opportunities like to club with each other for you know limitless like potentials
so bell yeah thank you how about b squared um could you tell us more about why you chose to work with core
yeah i think the reason uh is what you just mentioned uh for core we believe is uh one of the top players
as uh public chains in the market now and with a lot of d5 protocols deployed on it so for us we believe
that uh all bitcoin layer 2's uh solutions are still evolving and there's definitely a gap in terms of the
use cases and uh cross-chain liquidity especially compared to uh israel so that's why we are choosing
the top players to work with and hopefully these kind of collaboration can provide the real use cases
and uh liquidity to the market so that's the reason why we are working with core and uh i believe this
kind of collaboration um together with uniwater with all the d5 d5 protocols on core
uh and also with the support from from b square network and the core together um we can push the the uh
uh market uh forward and also uh as i mentioned we believe that we are very bullish in bdc5 so um this
kind of um collaboration provides more investment opportunities for the retail users so that is also
something that we think is a positive effect on the the market as a whole on the industry as a whole
so yeah that's the that's the the the reason uh why we choose to work partners uh to work with our
partners like core and we're still very positive about this kind of uh collaboration and the synergies
we can have sure we are also of course extremely bullish about btc5 fully aligned there and you know
btc5 i i believe is one of the largest opportunities out there in web3 and even maybe in web2 because
there is like a 1.2 trillion dollars worth of liquidity on bitcoin if only like 10 to 20 percent of
that moves into d5 that will easily overtake whatever we've seen in the evm side of things so
at this point the competition is not even about like oh with ethereum so solana um are different
types of chain uh evm chains but it's more about unlocking the huge um huge liquidity on top of
the digital gold that is bitcoin itself i think people now are looking for more and more solutions
besides just having bitcoin as digital gold they want more liquidity liquidity they want more use cases
and that's what we're here for i believe um okay my next question to you guys would be for someone
who is just discovering your project how can they get involved and benefit from it
yeah so i'll go ahead um so whoever is discovering b5 uh for the first time today i urge you to go to the
trading terminal to be file labs.com and there's a running campaign right now with originals bot with
trio it's a brc20 token they've put up 40 000 as of today's prices uh of their token to be distributed to
the top traders and top liquidity providers uh on the b5 uh platform so that's a lot of money uh you can just
you know go ahead connect wallet uh and start providing liquidity within like a few minutes
and uh get a share from the prizes so you know that's that's i think it's uh something really
interesting uh right now and uh it's gonna end in about a week and a half and 26 so uh go ahead
that sounds pretty awesome uh extra yields for users uh if it'll be very interesting if trio can
come over to corechain as well and you know the token can be tradable on corechain and explore
additional use cases on corechain as well eventually i think that could be one of the angles of working
um together yeah yeah definitely i hope uh you know one day there's gonna be more uh infrastructure
tools and decentralized technologies that can support something like this uh and in the meantime there's
you know always uh like temporary solutions and stuff that people are building all the time in the space
which is just amazing to be part of this you know builder space um and one day it's gonna happen i'm
i'm sure about it just a matter of timing and bitcoin summer is coming guys yes it is 100 we're in gonna
go to bitcoin summer so oh a few years back we had d5 summer and all that and that's that's over right now
is a bitcoin summer that's gonna be hottest summer of all time yeah hope it doesn't come in the winter
haha it will make the winter hot then okay uh maybe uniroader you could explain a little bit about
you know a newbie who is just discovering uniroader how can they benefit and how can they learn about
your protocol um yeah i think bdc summer is coming pretty soon as we have just mentioned earlier like
about all the bullish signs you know presidential election mass adoption from institutions and the
traditional finance and uh lots of you know others i mean so um because currently like we've got a very
hit a record high of our open interest like some futures or contracts there might be like very slight
correction but i'm still bullish on the trend but this is just my personal opinion uh so basically i
think there will be like you know like very strong dominance of over the market with bdc shares i believe
it's got it you know become stronger and stronger rather hating like you know right like record high i
mean for bdc's price hitting probably 100 000 or even more so i think that's what i'm looking forward to
and for every newbie like who wants to you know know more about uni routes uh i don't i don't suggest
you you do like any probably you know uh investment or something like that probably you can know more
about our product for status like look through our you know social pages look through our white papers
and also uh you know because our uh platform has been audited before so you don't have to worry much
about the security thing and you can also like like jump into our staking platform app.unirouter.io
or just just just jumping or you can see that that link like under our twitter social bio or as you just
look look uh just checking and also look at the or you can just connect your wallet connect your wallet
to you know bsquare uh network and then you will see the tvl you will see the stickers and you will see
like how strong the momentum is currently for the people's you know enthusiasm on bdc and on bdc5 and so
i think we're creating the future or work or we're just you know trying trying to contribute into the future
for bdc summer you know so i hope so i hope so i hope so like you know earlier you mentioned like
let's just make the winter warmer with the bdc summer so that's just my opinion thanks a lot
thank you so much i'm looking forward to btc summer um yeah my next question to you guys would be you
know as we all want to um expand in the btc5 ecosystem we all want to provide more benefits for
btc holders um what are your plans to grow and strengthen your ecosystem within the btc5 space
d5 yeah uh so uh right now as i mentioned we're we're having this kind of uh campaigns with uh
other projects from the bitcoin ecosystem like core and like orange and like ordinal spot
uh and i think eventually um one of the things that are unique to web3 and are very important
at least how we see the market is to connect the communities of different projects so you know
bfi labs community and core community uh can have a lot of stuff to gain from uh each other uh i think
you know to mix those kind of communities there's a lot of stuff that you can learn from other
communities that you get exposure to and uh since we've integrated with core a few days ago like a
week ago i think it's a great time to uh explore the core ecosystem because there's a lot of great
apps there uh including bfi and um uni router and b square network and i think a lot of companies uh need
to take this um you know as some kind of core thesis that there's nothing better than to integrate
with uh some kind of project but also to integrate with the community so that's why we're having this
two-year spaces that's why we're pushing it with some marketing to support it because we want the
communities to be aware that there is this great project called core or b5 or whatever uh and that's
the whole purpose of like connecting the communities so i think uh you know in addition to all the
incentives that we're having on the platform like the 40 000 which are up for grabs right now it's also
important to learn and study and and get to the core uh businesses of of different networks and and you
know ecosystem partners that we're having awesome how about universe oh yeah actually just i mentioned
like before because uh karen said when you state like your bdc on uni router and you're gonna gain
uni router points exchange for uro our governor's token air job and also you're gonna gain like some you know
uh revenue from like uh in the form of uh b2 token right b square networks governance token and also uh
we're you know teaming up with some other you know d5 platforms and protocols and you can also leverage
like ubtc like to stake in their platform or like to trade or to borrow or to lend so probably you're gonna
get more points and more access like from theirs as well so in terms of currency we're you know
partnering with core and so we're you know largely extend our utilities as well and the currency are
trying to like to uh like get down more deals like with some kind of products or like some projects like
under you know core ecosystem and trying to you know bring more utilities like for example so when you
you lend ubtc like in a product or project in the core ecosystem and then you're gonna get more points
this is what we're trying to uncover probably pretty soon and anyway so uh uh and and furthermore because
i've i've just shared like at the very beginning uh i think to incentivize more to our bdc holders to
to stakers and uh we're we're gonna like do tg pretty soon like to uh gate like you are with like
some kind of real values and you know i think this this is going to be more beneficial and this is
kind of more you know incentivize like to uh our contributors and so in this kind of period of time
we're always going to do a very strong market push and we're going to kind of reward our community
members to activate this and trying to uh like to bring more you know kind of you know values to
our growing you know community i think this is what we're trying to do like to uh to extend the
momentum or to build the momentum on trying to catch the waves and trying to you know uh write the trends
so i think this is what we're about to do next so i think that's uh that's something what we're doing
and that's something that we will do and thanks bill awesome looking forward to your tge i hope that
you will have a very good experience with the tge and your community enjoys it a lot as well
so my next question to you guys would be since security is very very important for bitcoin holders
at the bitcoin community what security measures does your project implement to protect users against
the vulnerabilities yeah so i'll take it uh first uh so we got a lot of security measures on the b5
trading terminal there's like this whole mechanism of how uh how basically we have implemented it you can
check it out in our documentation it's it's quite complicated i won't go into it right now uh but uh
there's a lot of different methodologies that we've used and uh very interesting mechanism for you know
safeguarding uh funds but basically like the high level concept of it is that users every time they have
to do something every time they want to do something on the trading terminal like buy sell uh provide
liquidity withdraw the liquidity uh they need to give a wallet signature on their preferred wallet whether
it's a metamask or um okay it's fun to imagine like we support like uh top 15 wallets so we just need
to give a signature there's no fees involved but it's some way that we've connected like um the
decentralized wallets to the platform to basically enable more decentralization and uh to create
higher security standards uh and in addition to this there's also uh everything that's in our
architecture uh that you can read about it in the documentation it's be fileabs.com and then you can go
to the docs um yeah thanks for the question no problem over to universe oh okay so i think security is
the priority that any you know uh participant or user shall focus on because we've seen lots you know
uh like hacker things and you know i think it's it's it's essential and why uni router and why you
shall you know stake your assets your bdc on uni router so because first of all as i mentioned
earlier we've already been fully audited you know by skill bits and then you can just uh look into our
white paper and then we've just shown the docs the artists you know publicly so you can check it out
yourself and uh second of all i think currently we've got like over 500 000 stickers and uh over two points
uh over you know 220 in a meal tvl so basically uh we haven't like haven't ran into like any accident
like before it's because it's totally you know decentralized and uh we leverage like we leverage
non-custodial you know wallet so you can stake at our stake uh actual convenience yeah so basically i think
this you you have like your full control over assets and we're not going you know uh like like do anything
that with your assets i think that's uh that's what people shall worry about and so uh basically i
think i think so far so good so because uh i think over like hundreds of thousands of stakers that uh
they have just you know uh ensured their their trust like on our platform and they continue to stake their
assets their bitcoin and you know that's allowed i mean that's allowed to you know bitcoin so i think uh
i think that just proves a lot so thanks bill yeah that sounds really great before we wrap up would
anyone like to add any final thoughts
if i would you like to add some final thoughts um yeah i've got a lot of thoughts but uh
like i think the market like i don't want to ramble too much yeah but i think the market has changed
in the past months and uh it's important to notice where the market is going and adapt yourself it's
more of a general note but uh yeah i just wanted to say that because i think that a lot of stuff that's
in the market that is changing the structure the tokens uh and uh you know you always have to adapt
yourself because the market is moving fast and uh you know i'm happy to see that our integration with
core has finally come through uh and it's part of this part of this maturing and part of this adapting to
the market cool how about unirolder all right so uh yeah i've also got lots of thoughts but let's just
wrap it up i think uh yeah so it's basically like i believe bitcoin summit is coming soon and uh probably
like after the presidential u.s presidential election and the mass adoption has started and
more like influence from etfs and uh like uh almost like 60 percent dominance over the market it just
demonstrates the power btc i believe believe like btc5 you know kind of uh like projects or it's kind of
you know emerging and more innovative gameplay uh and user experience i think that's gonna you know
coming up i believe so btc is gonna like like kind of i believe it's gonna be a like a bridge like
lots of other ecosystem or other chance i believe so it's gonna be make uh the assets ability assets i
mean more liquid so i think i think the world or you know the policy is gonna be more pro to crypto in
the future i think i think i think at this time i'm pretty bullish so uh anyway looking forward to that
and i hope like your business is gonna leverage like more utilities and extend its uh use cases like
more like in the coming month so that's my idea thanks bell thank you all thank you for joining this
ame and before we end i'd like to um provide you updates on the latest updates on core so at the end
of october or the start of november we're gonna have a fusion upgrade so what this upgrade means is it
includes two main features the first is lst btc and the second is dual staking and this is going to be
huge for the core ecosystem so basically how lst btc works is that it is an lst token that is fully
packed to one btc so its value remains stable so uh you what users can do is basically they
stake their btc and they mint the lst btc the lst btc would be able to be used for lending
trading swapping like any other erc20 token on the core ecosystem this flexibility is a game
changer for those who want to maximize their returns without compromising their ability to
engage in d5 activities and there's going to be lots of yield opportunities for lcpbc as well
and for dual staking it's basically when users pair core and btc stake it and earn additional
rewards and the rewards will be higher than just purely staking core or purely staking btc which are
already solutions that we have and dual staking is basically set to reward bitcoin holders that are
interested and invested in core in the long term and this will help to boost their staking rewards
when they stake both btc and core and the more core they stake the more rewards they will receive
and this is a very very bullish news for core um both dual staking and lst btc very exciting upgrades
that we're looking forward to at the end of october or start of november and i'm pretty sure there are
more collaboration opportunities with the various partners here as well when this upgrade goes live to
the market and i think it is a perfect time as well in line with the bitcoin summer that hopefully
is uh upcoming and i would encourage you all listening in to the ama today to follow the twitter accounts of
all these um speakers uh uniroller b squared uh b5 labs as well and you know um thank you so much for your time
to appear today to speak uh to um talk about bitcoin d5 it's been really awesome to have all of you here
and um let's catch up again soon and thank you all for joining this ama and stay tuned for future
sessions in the building btc5 series thanks again have a great day have a good night and goodbye
bye thanks a lot sir see you thanks for having us cheers guys
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