Canto x Cadence: Building a Perpetuals Aggregator w. Neofinance

Recorded: Jan. 22, 2024 Duration: 0:45:27

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Hey son, hey, can you hear me you guys? Yeah
Can you hear me I can hear you loud and clear
Is it just us two or they're gonna be more people?
Um, there's Mozart and Chopin joined from like the cadence account. So we'll be else for
Nice have a good crowd here a lot of
Supporters
Yeah, it's exciting time exciting time
Exciting day
Okay, so I guess should we just okay I think we could get into it
Okay, so I guess I could start
And maybe I'll just give a really brief intro
Actually, let's just do a round of like really quick intros and then I can start it after that
So yeah, my name is son. I am an early like contributor to Kanto
a lot of people I've interacted a lot of people both like just
believers people who just like and so I've also
spent a lot of my time interacting with
Projects potential integration partners people want to collaborate. I kind of
Kind of what I do and how I contribute to Kanto
It's just kind of bring things together and enable people to kind of either seek out what they're trying to build or maybe even
Kind of help them to get to where they want to be just between me and them
But yeah, I guess the role you could call is what you call quote-unquote Beatty
It's worth but yeah, that's my I guess basic control I'll hand over to you well do
Yeah, so I've been in crypto since about 2015 and was first a blockchain engineer for some large companies
And that's actually where I met the other co-founders in the team here
That left to join consensus on the DeFi team for metamask. So worked on building lots of DeFi infrastructure
You see currently on the wallets
And yeah, I'm the team lead essentially for cadence and we started about ten months ago
I've been full-time since and yeah, I'll pass it over to Mozart
Hey everyone, good morning. Good afternoon. Thanks for joining. I'm Mozart. I'm the CTO here role at cadence
yeah, join crypto about 2015 2016 and
Worked a number of companies since then well
I was the most recently at Kraken building out large like DeFi infrastructure production grade smart contracts
But yeah excited to be here at cadence and to get to talk to everyone today
I'll pass it off to Chopin
Yeah, absolutely, yeah good day everybody thank you for all coming
So my background I've been in crypto since about 2016 2017
I could traditionally come from a more traditional background. I've worked in the aerospace industry working on
Anything from spacecraft to hypersonic vehicles satellites
and some software applications
always been you know to my passion for crypto and in
Spacecraft so it's cool to see them all come together
but yeah, so I
Do like I'm the CBO here at cadence and happy to get into all the questions we have today
Pass it back to you go
Yeah, I guess I get nice to have everyone here
I've definitely interacted with all of you guys over the past
I'd say even like it's been almost a year. So it's been quite a journey
So I guess maybe I'll just give a general intro for those that maybe don't know about canto or maybe need like
Like a it's a refresher on what like what's going on
I think generally the kind of idea for canto that the way we think about it kind of that makes a little different from other
Protocol change ecosystems. What do you want to call it?
But the idea for canto is like this idea of like free public infrastructure
for those that
Have looked at our let's say our website or just generally what that means
What is free public infrastructure that basically means like core d5 primitives that are essentially like free to use and when you say free to use
We have a native decks that has no swap fees. We have a lending market a native lending market that has no protocol fees
And then we also have a unit of account called note
Which today is backed by USDC USCT and is in the middle of its migration eventually to
being fully backed by tables
But I guess going back to my earlier point
So the idea of free public infrastructure is that this native decks this native lending market and this native unit account
They're basically trying at the protocol level
There's a there's like a module that was built
That we have enabled on canto which is called gov shuttle
What that means is that people that are holding canto and have it staked just like any traditional product like in any traditional
Let's say cosmos chain
You know when you're staking your coins you can they're they're allowed to like put their stay on governance proposals
In that kind of in our setup right in canto setup using this module people are able to govern changes on
Even primitives or let's say in this case free public infrastructure
So you can't tell holders that are like staking it can vote on proposals that kind of go to the lending market as well
and so I guess
It's kind of wrapped that kind of thought up is this is free public infrastructure people are able to kind of build it
It's all basically permissionless
There's liquidity that exists on chain. That's basically incentivized every month
I think kind of the approach that people have seen us get into more recently
It's kind of our focus amongst a lot of other things that we're looking at
But one of the things that has been a little bit more prominent is our focus on our W a
Infrastructure right now we have around four issuers on chain. We have two issuers for the tea bills
We're trying to we call it kind of neo finance. We think RWAs is kind of limiting in its meaning
We believe that there's a world where RWAs can be a lot more
There's a massive design space that can be a sport than RWAs and that's why we kind of call it neo finance
And so I guess like that's just a high level or I guess a brief on like bringing people up to speed on what canto
Is and what we've been working on and I guess from there
I guess we could I'll just hand it over to you
Vivaldi, maybe you could tell us
More about cadence. What what is cadence and like how did like how did you get here? Like how do cadence come into creation?
Yeah, definitely so I'll start with like what exactly we're building here at cadence so
Canes is essentially in temp-based perpetual is aggregator
And what that really means is that it lets a trader execute any position across any chain at near instant speeds
And the future execute anything from bridging swaps buying NFTs across ancient instantly
two example of how this flow exactly works is that
Imagine you start and you see the market picking up
Like it is currently at some level and you want to long ethereum
All you really need to do is just choose the asset say aetherium and leverage amount
Let's say 10x and our solvers go and find the best path best protocol liquidity for this position across all these different
perpetual systems aside
the crypto ecosystem and
Let's say the solvers come back with the best trade being like half on GMX and half on vertex
then just one click the user can basically instantly execute the trade and our goal with this really is
To first abstract away base layer infrastructure and by that we mean everything from bridging wallets chains everything. We're basically used to
Another one is to really focus on
Really creating these like hyper efficient fast markets inside crypto, which are currently just very fragmented
So you're gonna find liquidity and also simplifying the user experience and what we're first launching with is
Kain's perpetuals protocol, which is based off a multi-asset liquidity pool and that's where lots of the neo-finance
Visions which like some was talking about really come into
So how to get into those a little bit later, but yeah, that's a quick background on cadence
Overall what we're building. I'll pass it to you soon. Yeah
Lot to unpack there. I think we can definitely work our way through that during this call
I guess also
when I kind of think about
where cadence came from I guess
Something that we have also been quite excited about and I know it's been on pause recently
But you were essentially like one of the hackathon we had we had a bunch of hackathons
I can't recall off the top of my head how many we had we had monthly hackathons
Which are starting to get quite some traction. I believe like cadence was like one of those kind of successes
curious also
Just generally like what was your experience with the hackathon and like obviously cadence one
I'm just curious what your general thoughts on that whole experience was
Yeah, so I guess all of cadence kind of started with the hackathon actually, I think we were season six
Robin feel free to like correct me if I'm wrong on that one, but yeah, we were season six
And yeah, we wanted to defy category for the hackathon and it was a great experience
You know, I think that's where you know, we got lots of our earliest supporters for Kanto and for cadence overall
You know because the hackathon post your Twitter and things like that
and we got first a thousand followers on Twitter and the earliest supporters our discord started to get really active just because of the hackathon actually and
You know our whole team, you know, we were researching different things. We want to build something
I think the hackathon really pushed us to get together and really build a project and build cadence
So I think yeah, the hackdons were all started
So it's a big shout out to the co for saying that a lot
Definitely. I believe that there are plans to kind of bring it back in a more effective way, but I think we learned a lot about
Hackdons I'd see there's a lot of other ecosystems as well bringing it so it's kind of cool that people are starting to like
Essentially normalize online hackathons. I think that's kind of a net positive here the space personally because then it's a easy access point for builders
I feel like that's a win-win situation
but yeah, I guess like, you know, my understanding is like the cadence that
Basically one that season six hackathon and the cadence that we have today
Has it and I know you talked about like the intense mode again. We'll get into that later. But like
The evolution of cadence kind of transformed. I know the vision obviously has become broader and more ambitious
But how has it kind of changed from again the hackathon to where we are today?
And what were some of the motivations from maybe some of design choices that you essentially made to like get to where you are today
Yeah, no, definitely it's a great question. Yeah, it's been a long time I think about
Probably around eight months since the hackathon. So
Yeah, so when we started cadence, you know, we have some pretty strong backgrounds in the crypto industry
So when we started cadence, it wasn't just to build a perpetuals protocol
That was like our initial go to market at some level
But what you really want to fix was some core issues. We saw inside a crypto ecosystem
Two of which which we think are the biggest blockers to the future of crypto should touch down a little bit earlier
Which was the queen fragmentation UX?
Especially currently when you see new chains coming out almost every single week volume starting to get scattered across different networks
And we started to really see in our beginning days of cadence that change. We're basically find each other for liquidity
And as this completes this continues to scale at some level
It becomes makes deep. I just much less powerful and compelling because you can't really do much without liquidity inside d5
And the other hand was UX
I'm sure like everyone's heard a lot about that this year, you know, especially with account abstraction
And all these different systems coming out has become really to the forefront
And the thing that's really hit us several moments
But I guess one moment I can I remember right now off the top of my head was my brother
Actually, he was trying to buy Pepe
And this is about eight months ago and he spent almost four hours trying to learn how to download a wallet
and learning what wallet is
transferring this money from a centralized exchange to metamask and learning what uniswap is and this whole like four-hour process and that's
What talking to me is just like completely unrealistic for someone who really wants to operate a crypto
And we started to notice these like big trends really coming out when we were working on cadence
We kind of took it as our goal to solve both these issues
and that's what made a big shift inside our vision from the start of cayons when hackathon to what is currently and
When we started to try to fix these issues, we you know, we started talking to lots of cross chain communication teams
So, you know, we talked to the layer zero axel are and other types of teams in the cross chain communication
Ecosystem to a secret building an omni chain perpetuals protocol
Where you can kind of hide away chains and wallets and bridging and all these different things
It sounds kind of like easy from the look of it at the top
But the back-end architecture to create that and make that like possible is really complicated. We learned
So we end up having lots of calls to these teams and we tried building it
But the speed was just never really quick enough for perpetuals for perpetuals. You need, you know seconds of speed
So we started doing our own research, you know, we spent hours weeks creating different technical architectures and things like that and
what we really cracked was that by optimistically executing for the user and validating after
We're essentially be able to bring down these times across chains to seconds for execution
Yeah, we still use general message passing when it comes to like different parts of week for our system
But for execution we can make these instant and once we really solve that
That's when we kind of shifted our vision to really focus on hammering down these two issues in crypto
And that's what became the KNC. You guys see today
That's pretty amazing. I think I
Am definitely curious how you guys are selling that latency kind of issue
But I guess I'll go into some other things that are really kind of interesting
I know that you guys talked about and I also like in a way to kind of highlight some of stuff around cancer
I think you guys are integrating
Trying to utilize and this is a few things CSR, which I think people I don't know people have heard of it or
Maybe to refresh memory. It was contract secured revenue, which is a form of like gas rebate. So when
Deployers, let's say like the smart the cadence smart contract is deployed
Essentially the deployer contract would basically get a portion of all the gas that is spent on their contract
I guess that's one thing that we've kind of had natively
Within Kanto and we're seeing other people starting to like use that in their own ecosystems, which is great
But I think also you guys have a pretty
Like you guys are also focusing on RWAs
And I believe that you guys will also be using the ASD which is an application specific
Dollars, I don't know if people on this call know a lot about it
But it has been something that has been discussed
Is that maybe if you could go into some of those kind of integrations that I do think that those things are kind of
Pretty unique to Kanto and I think curious to see how those things are essentially augmenting and maybe even opening design space
For what you guys are building on cadence
Yeah, definitely definitely so yeah going back to what I was saying earlier so the symphony launch that's going about six months from now
But much more recently we're doing
Our multi-assuacuity pool launch which is based around lossy is like really interesting and really genius
Kanto developments, so
When it comes to
ASD I'm not sure if Sun you want to go a little bit more give some more background ASD
Then I can talk about how we're implementing it
He's on yet, so
Now saying do you want some background ASD? Oh you want me to do it, okay, sorry
Okay, yeah, so so basically ASD is this
Basically protocol that has been already deployed on Kanto what it allows is essentially
If you go to our website today Kanto.io as I was saying earlier
we are basically in the process of
migrating from
Unit of account native unit of account called note being backed by USDC and USCT and tea bills
to only tea bills
And if you go to the website
Kanto.io you can see if you go to the lending page you can see what the current supply rate is
So what that means is if you supply if you take no and you supply it to that contract the lending market you get
Something called C note very similar to C tokens and compound
So essentially it just goes up as it accrues interest. It just continuously
denominates upwards
And it's accruing essentially close to the tea bill rate. There is some more mechanisms around
What defines the supply rate, but I don't think we need to go into that today
But essentially that's kind of the rate that you get if you that is the rate that you get if you hold C note
So basically when you supply note to a lending market, so my point is is that?
We built a protocol essentially
Which is again? No rent. There's no protocol fees. There's no rent seeking. It's essentially free to use and it's permissionless
And so any protocol developer that deploys on
Kanto today they can integrate into this
What we call ASD contract and essentially what happens is let's say let's say in this case
Cadence takes deposits all their TV
I know there's a bunch of assets for cadence
But let's say the portion of assets that they have that are in stables or let's say in this case USDC
Instead of and they have like let's say 20% of their TVL is USDC
Let's say hypothetical instead of holding USDC, which does not accrue any
They can essentially just wrap all their USDC deposits what like I believe atomically
Whenever a user deposits a USDC into cadence's protocol
You can essentially white label it right so all the USDC. Let's say they could essentially mint
Cadence USDC. Yeah, sorry USD
one-to-one and
Whenever the user withdraws or let's say redeems their cadence USDC they can get their obviously one-to-one conversion of USDC back
So that's the flow. But the important thing is what's happening under the roof. Is that?
instead of cadence essentially
Holding multiple syllables a kind of streamline and the second thing is all the teeth instead of the USD
not accruing any
Kind of yield
They can essentially accrue yield from all their deposits by wrapping with the C note contract
So I think there's multiple things that can happen here
But the point is is that there's now an additional form of yield that is created instead of having unproductive normal stables
And you can I I guess there's multiple ways to do this
But you can either give the yield back to your users. You can keep it as a protocol
It's pretty much up to you
But the point is is that is D just enables this and I guess the way that I say it
It's like it's an easy way to like kind of white label your own native
Let's say unit of a counter stable, but with the yield
Yeah, I guess that's my inter like explanation of it
Yeah, no, that's perfect
Yeah, so like is these really really smart system
Especially for things like hands protocol and other like perpetual protocols are people who basically are accumulating lots of
liquidity
So the way we're going to be implementing that is basically is similar to what someone's just saying
We're gonna basically
Take this revenue. We generate through ASC and actually buy back our token off the market
So our goal is to generate lots of revenue through ASC and then continue to continue to buy your token off the market
So this will grow our own treasury while also basically helping the token valuation in the market and everything like that
And along with that the other interesting like Kanto
Things we're adding into our system is our liquidity pools
The only the core asset of every single equity pool will be C. No, especially our main liquidity pool
And that will be half of our liquidity pool for Canis perps
So technically there is actually no true stable coin initially in cyber pool
And basically every asset is like productive and that's like really cool. Wish Kanto. Let's assume
And reason for that is like one of the biggest issues with these multi-ass liquidity pool models for perpetuals
Is that they're basically just full of like stable coins?
only half the pool is full of just stable coins and they don't give yield and that really cuts the whole APY liquidity providers can
Get by a lot. So it's C. No, they instantly get, you know, four point two five percent or up to five percent
And this gets really interesting also where we're enabling people to start using
RWAs as collateral so you can short aetherium while also earning like five percent from C note or a treasury bill or something like that
So, you know, obviously we've been working with the fortune if I team we had a ma with them earlier and smart teams to start implementing more
And more all the RWAs inside our initial liquidity pool
And just see all the interesting things we can do with RWAs and you know perps and logging them and things like that
That's really really cool. I don't think anyone has kind of done that yet
So really curious to see where that goes. Is that gonna be in the initial implementation or like I guess
what I would say is that what else did I miss on like your general tech vision and what's like I
Guess for everyone here on this call to see like what are general timelines and maybe different phases of products
That you guys are trying to roll out
And what can they say? Yeah
Yeah, I think that's a good question because I guess there's lots of also different moves with moving parts and what we're talking about
So we're initially I guess today's first the LBP and the goal of this LBP today is to
Essentially get a lot of liquidity for our perpetuals launch, which I guess some
pin alpha at some level is going to be next month and
Like mid February and our perpetuals launch the goal with that is we're gonna first start with this
Initial model of four assets inside the pool, which will be C note
Ethereum, Kanto obviously, which would be one of the biggest
Percent just outside the pool and then we'll have a little bit of Adam as well inside the pool
And then from there one month after that, we're going to start implementing a SC or we'll have a SC launch inside the system as well
So that's when I started growing revenue towards our the core games protocol and start buying back our token
And while we're implementing is the we're starting landing always on the stable or these other like RWA's and assets like that as well
and then six months from our
LBP or our
Mainnet launch is when we launched Symphony and that's where we start becoming more of an intent base
Perpetuals aggregation system and all those cool narratives come in
I guess one more interesting thing when it comes to the intent based system is actually that
I think really core to Kanto is that we let solvers stake RWA's
So one issue with solvers lots of times inside intent based system is that you know
They make it either a requirement to stake their token or it's a non-productive acid or it's an asset which solvers think it's really risky
So a link solvers be able to take C notes or they can stake
Treasury bills or different things on Kanto that lets them, you know, have this stable yield while also being able to you know
Be secured by our system
And yeah, that's that's all I have a pass back to you son or if you want to add say something those are
Chopin our Beethoven
Yeah, that makes a lot of sense. I guess because you guys have been doing pretty deep research and
all that stuff is really really fascinating and I think there's a I would say you guys are definitely pushing the boundaries of
The design space here, but I think that's what makes it so interesting because you're mixing a variety of different kind of ideas here from RWA
This kind of solve the solving network
Staking RWA is extremely fast. I need to read into that actually did not know about that, but that's really cool
I guess my last question because we are getting to the end of the time
It's like where do you kind of see I guess you guys are launching soon
Where do you kind of see the perps landscape?
Evolving into because I I was actually reading into this other day
but and I was discussing with some friends, but
When it comes to ideas that are being built in crypto, I think
People who are billing for I would say the perps sector has to be the most competitive sector in the space
I feel like there's the most amount of smart teams building on there's so many different design choices
It's extremely competitive and I think that's why it's a good
I think it's a feature because it's rapidly evolving and getting better and better and I think it needs to be better because I
Think it's going to be a very important primitive
For the foreseeable future. So I guess my point is is that I guess my last question is like where do you kind of see?
the perps landscape evolving
Into or like where you see it transforming to this year, I guess
Yeah, it's a great question
Yeah, so I think perpetual is overall in crypto
Or especially decentralized professionals have some of the best product market that we've really seen inside crypto so far
And you see that from volumes across different professional protocols and so maybe you're being used overall and yeah, you're right
It's a very very competitive market
I mean even like some of the top blue chip protocols in the perpetual space are down to like 5% 8% volume because there's
New perp protocols coming out almost every single week and you know, we noticed that very early on and that's why
We think that you know
Obviously what that's what you kind of shifted our focus to where it's just like aggregation model. So
Because perpetual is the most fragmented ecosystem inside crypto and because there's so many professional protocols coming out every single week
That's why it's critical to have an aggregator system to really aggregate all these different professional
protocols coming out
So often so that's why we see this saturated and competitive market
Actually as the most like biggest growing factor for cadence and for cadence symphony
So that's how I'm kind of looking at it
Chopin do you want to add anything or Mozart?
Yeah, sure
I think I think you know going off of what Vivaldi was saying that you know
That's exactly the problem in DeFi is that like because there's it's so competitive and because there's so many things coming up every now
And like every day it's like it just speaks to that problem that we're solving
So I think we're in the past people were constantly thinking how to differentiate themselves completely from another protocol
to draw and TVL to like, you know
Survive in the competitive landscape, but at cadence, we believe that it's more like unifying that base layer of liquidity
And connecting all these protocols together so that users can come onto one platform
And be able to you know
Take part of each unique protocol that's out there in DeFi and connect everything together
So that's the that's the vision we have for the future of DeFi
And I think I think that's what makes it the most scalable to the in the future
Because as of right now, you know
If it just keeps getting more and more fragmented it just you know, it's not scalable for the future of DeFi into the masses
Yeah, I guess one thing going off that as well
The competition right now in crypto is what we like to say like just not hyper efficient. Um, you know because
Chains can't essentially execute against each other. Um, you know, you can go on a different chain
And so say a new chain and create a unit swap pool
Or for a unit swap over to it and you essentially are just fighting to be a monopoly inside that chain
And that's I think one thing canto solved really well by doing um public free infrastructure
Is that there's no monopolies. No one's flying to see that core protocol on these chains
and we think by symphony and like what we're really building in symphony we're able to
Have to make this high proficient market where there's no reason to just go and for a protocol on different chain
what's really critical is to
Just create the most amazing protocol no matter what chain you're on
And you'll be executed on if your protocol is good enough through like aggregation systems and things like that
That's how I think we're looking at essentially
Yeah, I'll pass it back to you son
That makes a lot of sense. I guess
As we wrap it up, we're over time
Um, I guess what are the next stuff? I believe you have like a
Lbp or something. Maybe if you want to share the info on that and then
I can maybe put we can do a quick round of q&a
Like really fast and then we can wrap up from there
Yeah, definitely so we have an lbp today on fjord foundry it's starting about two hours from now
um 7 p.m utc
And yeah, we're also having a referral system for that. Um, we'll be sending out links to some
You know core contributors of kanto, um and things like that to share and so you guys will get referral points
Um, and we'll be showing saying that out in the next five hours or something like that
But yeah, that's about it for the lvp
Um, you know flow free to message us on discord if you guys have any issues logging in or anything like that or any questions
Before foundry and how get that set up
amazing, um, I guess
I guess i'll just say
thank you for this
The spaces it was really kind of I would say that
Um, one of my kind of I guess that makes me really excited is that this is definitely one of the
Bigger successes that we've seen at least within our community from the hackathons
And i'm kind of excited to see like at least from the kanto side
What other kind of improvements and like other things we have
Like there's a lot of things planned in terms of like how we can connect with those more give some form of hackathons, right?
Whether exists in the version it was before or a different one. I think that kind of
Seeing cadence as one of like, you know, I would say like
The original experimental users of kanto and seeing where you guys is like really something good
Really happy to see that and I think it's kind of like kind of a guiding star for like future projects
and I would say yeah, definitely
I would wish you guys the best for
Your launch and i'm excited to see where you go. I'd say like real quick. Does anyone have any questions? I can bring them up
Uh for ld in the cadence team
If anyone has I can bring them up real quick
Yeah, one thing I also wanted to add
So for the referrals for the lvp as well. Um, I just want to make sure like all of our community knows that
Uh, the system enrolls you for points and it's it's connected for like our test net users and zealia users
So when you as a community member joins, you know, you'll be
Uh, you know rewarded for your early contribution and support from our community
Um, you know, we appreciate all the the support that we've had so far and you know
Look forward to building with everybody in the future
So yeah, look out for those referral codes. Um, and then when you join you can create your own
That you can share alongside and earn more points as well
Okay, that sounds good, let me see I think there's only one requested
All right, i'll prove it. Let's see what happens
All right, never mind, all right, I think that's it there's no questions
Awesome, um
Cool. All right. Thank you everyone. Oh, okay. We have them. All right
Welcome. Yeah, my question is about the upcoming browser
Would it have account abstraction features for signing in?
Um, yeah, definitely. I mean Beethoven, do you want to go into that a little bit or Mozart?
Yeah, I can talk on that real quick. Yeah, we're using account abstraction in a couple ways. Um, it will be enabled for sign-in
So we're working with uh, another platform on that
I think by economy is sponsoring us and we're going to be able to use like
MPC based sign-in so you can use like your social media accounts and things like that to
Actually log into our page and access it
So it's really going to give that like centralized exchange type experience while you know being fully self-custodial
Oh, thank you are getting that in some weeks, right
So the launch for that will be in part of symphony, so that'll be in about six months our initial
Multihasta liquidity pool model our canes purpose model that's launching next month, which will be more focused on
Um a little bit what you saw in testnet
A lot of updates to that as well, but the whole account structure system will be coming out in about six months
Thank you very much. That'll be all
Thank you, oh we have a few more all right, let's see
Okay, one by one. All right
I've approved
See if they come on here
Um, all right, I'll prove picky picky x
Proved crypto not
Um, good afternoon, good evening, can you guys hear me? Yeah, we can hear you welcome
Sorry, i'm sorry. I'm making this game
And you mentioned a
Early test testing for for the platform. I wanted to like would there be a selection for test users?
Could you repeat that last line would like would there be a selection for users and users to test out?
You can go ahead mozart. Yeah, I can up on that one
Yeah, so we had a test net a few months ago for this cadence perpetuals product coming out
So we already conducted that one and then as chopin said anyone who participated that will automatically
receive points in our lpp referral system
For symphony as that rolls out
We'll probably begin a test net in the next few months and as that does we'll kind of release more information about who can start testing that
So that'll be coming soon. There'll be another opportunity to test out cadence
All right. Thank you. Sorry again for evine nature the picture
Thank you
Appreciate it. Thanks
As the last one I think I approved nate
Let's see the three johns
All right, I think nate might be here there is
You unmute me
Yeah, jim jim. Can you hear me? Yeah, we can hear you
Oh, thank you
Um, i've been following the space so far and it has been awesome
I would love to ask some few questions. I don't know if i can go ahead
Yep, for sure. Okay, so, um, regarding the new finesse
Is it going to be integrated with cadence or new finesse is going to be a project on its own?
So symphony will be a part of cadence, um, so it'll be integrated into cadence and even the liquidity pools inside canes perpetuals will be a part of symphony
So yeah, it'll be the same system
Okay, so probably there's gonna be like more like a simulation
Yep, um, so like I believe you said neo finance, right? Yeah. Yeah new finance
Yep. Yeah, great point
So we're gonna be integrating a lot of the neo finance features of ganto into our initial launch the one that's actually coming
Basically next month. Um, those are you know, csr all the things with rwa's
So yeah, a lot of that will be integrated right away just to create that hyper efficient liquidity pool. That's you know productive assets
So yep, that'll all be integrated in not a separate project but integrated to our current cadence project
All right. Great. Thank you. Thanks so much
All right, there's a lot appreciate it. Thanks for all your support. Yeah. Thanks. Nate. This is the last one
I know we're going extremely out of time. I know the team has to prepare for the ldp
Um, all right, this is the last one
All right, I prove someone but I forgot their name
All right, I think
Okay, yeah there it is welcome
Beryvium interesting name
Okay, can you hear us
Well, I don't think we can hear you
All right, um
Yeah, I don't think we're able to hear you. All right, I guess um, we can just
I guess that's kind of our cue. Oh wait
Okay, twitter's so broken. All right, I guess that's our cue to wrap it up. Thank you everyone for joining
Thank you. Baldi and the cadence team
Um for attending
And just generally everyone I would say
Uh, the cadence twitter handle is pretty active. I did a lot of education for people that want to just read more into it
I would recommend going to their
Twitter and
Reading through it. There's a lot of content. You guys did a great job of explaining all the stuff you're working on
um, but yeah, I guess looking forward to launch and
Thank you
Best of luck
Appreciate it son. Yeah, and um, I guess shout out to you also
You know for helping us get started and pulling us towards kanto to build here. Um, so
You're on the big reasons. We all we started building on kanto in the first place. So shout out to you there as well
And I appreciate it
Said this whole up this whole ama up and everything. Um, and yeah, we urge everyone in the community. Thanks for supporting us and
definitely build on kanto, you know lots of smart minds here and
Kanto is building some really really interesting narratives and um use cases that will be big in the future
And that's why we're here and um, hope you guys will join us. Well
Thank you for the kind words and yeah, really excited to see
More builders like yourselves commenting
I think it gets better the more builders are and i'm looking forward to that just here
So thank you everyone and we're gonna wrap up. So enjoy the rest of your week
Thank you
Thanks. Thanks everyone