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Cardano Over Coffe ☕️ w/ @alphagrowth1
Recorded: July 14, 2026 Duration: 0:40:31Space Recording
Full Transcription
If any plates upstairs.
Good morning, Lido. GM Cardano, GM Jenny, GM Chad. It is what day is it? It's Plain Porn Tuesday.
It is Drama Tuesday. Bring your drama. Let's see if we can arrive at some understanding.
It is Taco Tuesday because you know New Mexico and tacos is like peas in a pot.
So we have to have Taco Tuesday. Come say hi. Come tell us what you're drinking.
I'm having some Jaba juice. Um, probably means nothing to you, but let's just go with it.
I wanted to mean something to me. It sounded like you said Jamba Juice,
but that's exactly what I said. J A B A. Oh yeah, we used to have Jamba Juice in America,
and they went out of business. Really, really. It's better than coffee or coffee. Well, not better;
it's stronger, I should say. I don't know about better. People can make their own decisions
about better, but it's stronger than coffee or coffee. Cita, all those things. Java juice,
isn't it juice? Or you just say juice to call it. It is a juice. It is a juice.
It's a root that they've juiced. So interesting. What color is it? This one has chili. Ah,
this one has chili, so it's red. But you can also flavor it. Yes, yes, yes, yes, yes. Oh,
it's it's there's there's different flavors. Uh, let's see this one. Yup, yup, yup. Nope, nope.
So that's yeah. The one in East Tower, they would like throw everything up in there: oranges,
wheatgrass, you name it. What's happening with you guys? What are you drinking after
your very tall glass of water, which we should all be drinking first thing in the morning
if you want to have a good day? I'm sorry, I'm googling this Java juice thing. I can't get that.
J a b a. Okay. J a b a. Oh no! See, it was J A M B A here. J A B A. It's not jamba. Oh,
I know jamba juice. Not those guys. No. Yeah, they had them in Minnesota, huh? Mhm, mhm. Yes,
definitely not jamba juice. But did you see the news about Emergo passing on
the the token twenty four n to the foundation? Oh my god! Wow. I know. So it's back to the CF.
I know. That's just wild. What are your thoughts on that? Do you think?
What are your thoughts on like passing on things? Like if you have, if people voted
for you to do something, and then once you get approved, you just transfer it to somebody else.
What? What? What are your thoughts? Well, I mean, they don't want to go up there and get shit on.
What? I said they don't want to go up there and get shit on after the second fight. No,
but I'm talking about your thoughts in general about having a proposal submitted to something as So
and so getting passed because people trust so and so. For example, I mean that has to be something
that would have to be in the provision of the administrator, right? I mean,
of the person who you said was administering, who we agreed to. I guess if the administrator
allows for it and they have a process, I've actually never read the intersect administrator thing.
I know, me either. End to end. I'm guessing it's there, and we're we're just didn't know it
because this happened twice, right? I mean, well, we should feed that to an AI and ask it. Well,
but didn't we have to vote, or was that like just like for for the catalyst? Was that like symbolic,
or was that really something that had to happen? That was not required.
I think that was a symbolic thing on the side of the CF, so they can go ahead
and do this nonsense thing they're doing, and with the reboot and saying the community said
we could do it. Which maybe is not nonsense, but it's it's a little silly, but but yeah,
no one's read that intercept thing. Like I'm I'm sure as the administrator who KYC
and you agreed to something, if you're switching, has to be a process.
Catalyst had a process where you can actually switch to another person.
So Catalyst had that for a while now. Yeah, yeah, you're right. Interesting. Well,
it's gonna be the CF after all. So there you go. If you have a proposal and you get approved
and you don't like it, you know, pass it to the CF. You don't like it, Jenny. Did you don't like it,
or the judge? They just have poop on your face. I don't know. Well, that's not that.
That was the case, but IO just decided they didn't want to do interest like catalyst anymore.
So they didn't really have the same reasons. They just didn't want it. Oh yes, IO. Well, something,
something, man, child, who shall not be named. Um. Yes, that was a weird thing. But also,
so there you go. It'll be a CF thing now, and so what do you what
do you think is going to happen with a Mergo? They keep like kind of pulling back on things,
but they are voting, so I don't think they're completely like not participating. I mean, they have.
I don't know. See, this is the corporate thing. This feels like strictly a corporate nini nini.
People are gonna get fired. Do a post mortem, restructure, come back. Shrimp into segment
through that, right? So we had the little. After the minimum viable governance had some shakeup,
brought back a a what is it a director or something? What's the role again?
The the head hancho at intersect. Yeah. What about it? Well, we had that like brief period
where no what seems like intersect was doing missteps here and there, left and right. Um.
Then they had a little reboot, straight up in management, fired a bunch of the SMEs,
thin the things. I heard direct. Oh, oh, there he is, Mister Jack. Jack is here. I know. Hi, Jack.
Hi, Jack. Good morning, Jack. He's preparing for. He's preparing for England's match. Uh huh.
Oh yes, England match. I actually found myself cheering for England the other day. Uh, even
though they took out one of my humans. Uh, but who are they playing? I was cheering for. Anyways,
I I was confused. Argentina. They're gonna play Argentina. Who was the last match? Well, not really,
because now the four of them get to play two matches. I was I was torn with the Norway.
I wish B was here because there was Arsenal guys on both sides, and I wasn't sure who to cheer for.
You know, I know it's tough because they're all mixed. When they go to their home countries,
they're all like from the different clubs, right? It's like okay, there's Saka, what's his face,
but then there's other guys like, a magic soccer human, and like, but and I think I think I was
happy with the result because besides, I had a beef with with B for cheering with Norway
when they played. Which African team? I think Congo or something, and took them out. So,
all is well with the world. I'm still ultimately Team Spain, though. So, I hope no one. Oh my God!
I'm Team Spain too. Spain! I'm doing a little party for for the finals. So, I got um,
I got some friends coming over from Florida, and um, yeah, another friend from Charlotte, and I
and I got both my parents. So I was like. You know, as they get older,
you don't know if they're gonna be around next World Cups. I'm like, hey,
let's just celebrate together. You know, so lot of fun. I'm I'm doing a very, very,
very soft launch of the karaoke app before the World Cup. World Cup. Oh my god, maybe I can use it.
Oh my god, can I with my people? Yes, let's let's let's hop on for like 15 million thing before
before the weekend or even yeah, whenever. You totally should. I mean,
but you gotta have Shakira World Cup song in there. It is just wrapping YouTube,
so anything on YouTube. You never. No, no, no, no. Bye, bye. Let's go. I thought it was these hips,
not lie. No, the new song, the world song. Oh my god! I'm just messing. Do you want some Eric GMGM?
How are you? Good morning. Good morning. How's it going, guys? Good morning, Eric. Going well.
We're talking woke up. We're talking transforming cardinal entities intersected. Can Yoroi do?
I'm Yoroi. Can Emergo do it? PBD. Yeah, dude. We're actually hoping to get
the Alpha Growth Prop pass, and then we were going to give it back to Emergo,
but the foundation was going to give us something else. So it's going to work out. Oh my gosh! No,
no, this is not a good start, Eric. Too too soon. Oh dang! All right. I mean,
Iog have changed his name three times, right? It was. Um, important for Hong Kong.
It's important for upper global. Now it's just I O. It's like it's a venture studio now.
It's not just a dev shop. You got to move with the times, Jenny. You got to move with the times,
and that reminds me. There's a little bubble on the bottom right that, if you click it,
it allows for you to retweet the space. And we definitely want more people in here because we have
an awesome guest today. Starting in another 17 minutes, we do still have banter. So
if there's any news you want to share with us, do it now. And yeah, let's get more people in here.
So let's retweet the room, please. Feel free to drop a GM in the comments as well, or you know,
whatever. If you got something you want to post, another post you want to share, whatever.
Re beep the boop, re beep the boop. I would be on the roundtable talk on Thursday
or Friday with the constitutional committee election. Oh, are you are you running, Blado? Yes, with
the Africa Asia Coalition. Wow, I believe that's how little I've been paying attention.
I'm so sorry. I should be embarrassed. I should know this, right? Because elections are happening,
and I haven't even voted yet. Gosh, it should be a good reminder that people need to go out to vote.
Isn't that like open until like the twenty twenty third
or something like that? I have it in my calendar. Let me check.
Can't be Curry. Ah, it's been a minute since you said hi. Tell us about the bees.
What's going on? Are you still? Are you still eating those parts? What's the B update?
I saw somebody was eating this man's honey yesterday, and I commented on it and tagged him in it.
They agreed, and they will be going back to Rare EVO. They were hoping they would be getting
more honey. Is KB Curry going to be bringing more honey? I sure hope so.
I'm still waiting for the honey. He has a baby, guys. He has a baby life now.
That's why we don't hear. Yeah, he's busy. He's busy. Kimmy, who's the queen? Oh,
who's the queen in the house? I'm not sure. It's a, it's a, the guy or the girl or the other guy.
I don't know, but I just checked, and the CC elections. Yes, it is July 23rd.
So make sure that you go check on the candidates, not like me, and um, vote, please. Also,
hard fork. Did you see? It got ratified. Yes. I bet most. It's ready to go. Yeah. What?
It's ready to go. Some really cool stuff in the hard fork. It's not exciting, but. It's a step.
So the Lido pool's already updated, then, huh? Oh, we've been updated long time.
We have like five relays, so we usually are able to start the upgrade pretty early. Be like Lido,
upgrade your stuff. We have this this hard fork is imminent, so definitely upgrade the stuff.
Maybe let me upgrade you, upgrade you. Be like Beyonce, upgrade your stuff. Is that a song?
It sounds like a Beyonce song. I'm trying to remember. I can totally be lying,
but in my head, it says it's a Beyonce song. Let me upgrade you, upgrade you, something like
that. What else is happening? Kodana verse on the timelines. Let's see what
I've bookmarked this week. The bookmarks. Oh, on on that thing. I don't know
if you're gonna find much. Um, maybe your bookmarks. Oh, you're here as a speaker as Lido,
so maybe you do have them. Oh yeah, talking about Lydo account. I I know Kudano Scan has
a new update. Speaking of update, there's a new address details page now. So go go check that out.
Oh, Kudano Scan is launching a Pro version too. Wow. So this is this is the thing now. Well,
we're leaving the treasury. We're we're adding Pro accounts. This is what's supposed to be doing,
right? Is this a Is it working? Catalyst Treasury. Are we catalyzing businesses?
I don't know how many people are upgraded. I wonder how many people have upgraded to Pro account
on Eternal. Yeah. Did you? I haven't. I plan to. Cash is quite quite non-existent. Uh,
but we use Eternal heavily, especially for our internal DAO funds management for two of our groups.
Um. So at some point we will be upgrading because they've they've put in that they've put
the the multi six stuff behind the pro plan, um, and I don't know I like Eternos my it's
my main wallet so why not the price is a bit high,
what is the price? Oh, it's like let me check again.
I thought they were gonna give us discount for people who bought the NFT a long time ago, but no.
Oh, that wasn't my fans, right? I have that. Where is Eternal? Can we can we petition for this?
We bought the NFT. Can we at least be discounted when we paid for the NFT for the first year
or something like something? Come on, Eternal. Not everybody has the same purchasing power
as Chad over there. That was the way we funded them the first time. I have no purchasing power,
Lionel. Oh, but then it's even worse. Uh, it's three sixty for the year.
That has the oh no the ninety six one has the multi sig so it starts at ninety six
and then if you want some extra business stuff it's three sixteen yeah
but I'm sure that you can't see your balance unless you pay is
that true I haven't even checked I do have I have a wallet with eternal an eternal wallet
with some funds in it but I haven't checked no most things work you can still see a balance
and if you're in a current multi sig you can't still use it you just can create a new one
I don't know if that's gonna be True forever. Um, but the thing that's behind the upgrade is
all the governance stuff. If you want to vote, register, create a proposal, pin a metadata,
that's all you have to pay for. But you can still browse proposals and stuff.
You can still delegate. All the the multi sig stuff is behind the pay.
There's a bunch of dev tooling things that I definitely used to use. Um, address inspection,
signing transaction randomly, those kind of things. Importing your CLI key, uh, for SPO who
Trust Eternal for those things. They have a new global search feature that's Pro only,
and then the USDX stuff is behind Pro. That's the base Pro plan. The rest of it you can still do.
Okay, that makes sense. Somebody said that the other day. I was like, that makes no sense to me.
So somebody was like, I can't see my balance now that they changed, and I was like,
almost positive it had to be something else happening there. But yeah, good. Yeah,
it makes sense actually, because when you onboard people, I have to say,
Metrono has a lot of stuff that people that are just brand new don't really need.
So it might make it even easier for people to use the wallet at first, and then get used to it.
And then it's like such a huge dashboard. Remember, at first I was, it was very overwhelming.
It's like all those little knickknacks and things, and I was like, what do I do if I press here?
If I click that? So I think it makes sense, anyways. You know. Yeah, the free one is pretty basic
now. You can see your balance and receive, see your transaction history, yeah, see your assets,
stake in all that still works. Your UTXO set, you can even still see that. So, who's ever saying
silly things, stop it. It's not true. Salido, how's your like AI experimentation like?
What have you been doing with AI? It's good. Just automating a lot of processes,
and then I do a lot of DevOps work. One thing I've been doing with AI recently,
and especially with the market conditions, is subhosting a lot of services that we use at Lydall.
Listmonk for newsletter, those kinds of things. Twenty for CRM, stuff like that.
We replace the the thing, the popular SaaS that people used to use for screen capture.
There's an alternative called Capsule that's open source. We self-hosted. We run our own S3.
So AI has been helping helping me with a lot of those DevOps scripts. Spinning those services up,
those kinds of things, and then this karaoke app is a heavy collaboration between me and AI.
Was the whole spec-driven development thing. So yeah, yeah, it's been good. The latest,
latest thing I did with it was hey, yes, my email. Every time I get an invoice, go plug into.
We have this custom CRM, not CRM, but like a business back office thing that I built.
So it checks the email, puts my invoices in there, those kinds of things.
Market paid when the payment receipt comes through. You know, AI stuff. Nothing, nothing crazy.
Boring business AI stuff. Sends me a text every morning. Are you using it for your karaoke app? Yes,
yes, yes, yes, yes, yes, yes. There's a lot of co-development with the AI in that karaoke app.
Because karaoke app is simple. It's not an engineering marvel. I'm surprised.
I didn't really find a lot of opportunity on the market with the whole like management side of it,
but. Yes, I've been using it a lot with it. The version soft launching on Sunday is
about fifty hours of work between me and AI. If I was building something like that two years ago,
that would be like easily six months. Oh my god! Remember when we had that proposal for a Cortano
or coffee for like three hundred thousand ADA? That was ridiculous. And imagine doing the same work
as we were going to do back then now with AI. Right, yeah, that will easily cut the more
than wank it in half, sixty, seventy percent, I think. Definitely more than half, yes.
It didn't pass, by the way, guys. So, so you know, it did not pass. It did not pass.
But I think Hero did used to do it the podcast that was all manual. I am. Yeah, very manual. Yeah,
something like that. Give it the audio. Tell it to take out the one minute thing.
Take out the guests. That's why we stopped doing it. It was too much work. Absolutely, too much.
Yeah, we have to use like three different apps, and it was it was really time consuming.
Staying in touch, got a number of coffee people. Not committing to anything yet,
but I I I need to do a good feasibility study to see if I can put all of this into an AI workflow.
So each episode becomes like a twenty minute sting, and then is is on is on Spotify
and stuff with with the guest slots and the Jingle, and it will be funning to tell the AI.
Try to find two to three jokes to open the podcast with. And see if it can actually do that.
What's up, Christina? B did something similar the other day because we had Block Frost
come out on Cardano over coffee. So there's a website she goes to where she can get the MP3
of the space, and then she just had AI trim it all down to what she wanted.
It's it's totally feasible. Yeah, yeah. I mean, I did one for the very first CC election.
I don't know if you remember that, Jenny, but even that was before the AI was good,
and that took me like three hours. Yeah. But remember, we used to do one hour of the caption.
Then we had the app for capturing the stuff. Then for the streaming to the platforms,
we had the Sprout thingy. It was three apps that we had to use. It's a lot of work too.
And then we had to create all the. We manually had to create like all the thumbnails
and all the stuff for YouTube and for, and yeah, it was crazy. It was a lot of work.
Now it should hopefully. Hopefully, you still have to pay for the stuff, right? So
if it's not profitable, eventually you're like, okay, you have to find ways to make money
because you still have to pay for the tools. But now you can probably create some of the tools
yourself. You know, you can vibe code them. So yeah, I mean, I should be able to do this purely with
the Cloud CLI because it can download like FFmpeg and any like stuff to process locally
on the computer. The probably the big biggest cost would be the podcast hosting. But then again,
maybe that's a yeah. You're probably gonna have to pay for like Sprout to like broadcasting.
You mean for the for the sending to the platform? Yeah, yeah, yeah. And to host the yeah
and the XML file, yeah. And then we'll post them to all of them, which is that that part is easy.
Just gotta pay for it once you have all the stuff. You submit it there,
and it just it just broadcasts everywhere, which is pretty neat. If anybody know
a a a podcast distribution open source service I can host on the lighter infrastructure,
please put that in my DM. Cause then we don't have to pay for sprawl, just just cloud credits.
All right, so two more minutes. Let's retweet the room, guys. We have Alpha Growth here in the room,
and we want to have more people in here. Get your questions ready. If you don't feel like coming up,
you can always post them on the comment section, and we'll pay attention to it. Let's do it.
Yo yo yo! What up, Phil? What do you got going on in the old Canada this morning? Oh man,
just being here, sacrilegious. Not not drinking coffee. I was like, that doesn't sound like Phil.
That was Eric talking. Okay. Oh, it's Phil up here. I don't see him as a listener.
I'm dragged by Elon. Sorry, Phil. Oh no, he he speaks for me, Eric. You can tell them what what
I was doing. Um, now I'm excited. Uh, I'm excited for for everyone to hear about Alpha Growth. Um,
I've been mostly working on Midgard and uh the Reclaim website. Um, which
if you guys haven't tried it, please try the Reclaim website. Really helps QA test stuff.
What's the reclaim website? People. Um, it lets you it it lets you prove ownership of a wallet
without releasing the private the root private key. Oh. Is for the second side reclaim.
That's for the for what's coming to get your funds back. Yep. Neat. Oh, that. Uh, other than that,
um, yeah, the uh, Alpha Growth uh, this proposal is very important to me. I hope people.
Give it the opportunity and at least listen to what's being presented.
And I also hope people take a few minutes just to, before voting or making a decision,
go to the Alpha Growth website and go through the things that they've done.
Look at the historic projects. Look at the independent reports on those projects.
It's very impressive stuff. I have to head out, but thank you guys. Have a nice. Great.
With that introduction, let's do the wood wood send us emojis. Retweet the space if you haven't.
Alpha Growth to the mic. GM GM. Hey Eric, how are you? Doing well. How are you guys?
We are all over the place apparently, but we'll get through this. We'll get through this.
This is not as bad as 2017. So that's that. Um, for people who don't know you
or who haven't been to Alpha Growth the IO, give us a quick introduction and the short version of
how you made it to the Cardano corners of the blockchain. Fair. So Alpha Growth is
a DeFi private equity firm. I'm kind of the number two. I run strategy here. Brian, founder, CEO,
has a pretty big butt background in investment banking and private equity stuff
before joining crypto. Man, like 13 years ago or so. I independently. My background's
in economic philosophy. I've did a bunch of sweeping changes in casinos,
banned everywhere card counting. Got into crypto as a new side hustle. Love the ethos
and got into a lot of tokenomics work. Ran my own company called Tokenomics for a couple years.
Got Aqua hired to run the DeFi side of Alpha Growth a couple years back. Um,
we've been yeah working with most of the names you guys know about in DeFi, and um, man,
probably in February, maybe March, we kind of got a shoulder tap from a couple of the team members
of the Pentad. Apparently, I don't know if it's to say who, but one of the you know.
Most notable integration partners you guys had kind of recommended us, which is sweet. So,
from our opinion, we got headhunted to take part in the RFP that I guess they had going on.
But really, we just hopped on a call with some of the Cardano leading teams,
and they asked how we'd solve DeFi, and we walked them through what you know kind of ended up being
the prop. They asked for a billion dollars in TVL. We explained that it's not ready yet;
we have to build all the infrastructure to sustain nine figures first,
and we'd love to bring it to a billion, but it would take two years, not one. And yeah,
they they liked what we said. We have the experience. We we know what we're talking about.
If you talk to other DeFi teams, hopefully, yeah, hopefully have some ethos appeal.
Though I prefer living by logos. And yeah, they they encourage us strongly to keep moving forward
with this proposal and wanted us to help steward DeFi to make it not just in this
like industry competitive, but but really make Cardano win. That is quite a rich background.
You said you've been banned for counting cards. How many bans do you have under your belt? Oh man.
Thirty-five, forty. I'm banned. I'm banned almost everywhere. I'm banned most places.
I've never been yet. Yeah, that's amazing. The first sentence you said, Afro growth is a DeFi. Uh,
what VC? What say that again? I think I said PE. Sorry, private equity.
So we like we'll take over chains. We'll take over protocols. I think one of the things that
you'll see like on our website and places, people will misconstrue and be like, oh,
you guys like worked for Compound. It's like no, we we were Compound. Like we were actually
like the primary operating team for a year and a half there. Um,
and eventually they they decided to split up the foundation, and we'll see how that goes.
They've been on V4 for since we left and. Results haven't been great yet,
but we'll we'll fully take over protocols and lead. Get our hands dirty. You know,
I I joined Shovel Gang here day one when I found out about it. I don't spend all my time
politicking. I spend all my time with all the builders because that that's that's who gets stuff
done. Nice. What's the name of the proposal? Let's get some things pinned up here. Is it live?
It is live. I believe it's still the most recent one. I think it's called Cardano Prime
Alpha Growth Cardano Prime. It is the big one. Wow. Uh, give us the T L D R. The ask.
The Delivery schedule, the the what the community gets. Yeah, um, so the ask is 120 million ADA
because price went way down, and we have it down to a math and basically
how much money it takes to pull all of this off to build the infrastructure one time in a way
that scales the pipeline so they integrate everything in the future. And what the community
gets is in about five to six months a multi-application rollout. A lot of the existing apps
made a whole lot better. Some new apps and new teams joining the Cardano ecosystem,
and a whole bunch of opportunities to earn more money by taking part in DeFi on Cardano.
We are also going to bring in family offices and liquid funds to deploy into those strategies.
We're going to build cool and fancy vaults on top of it. Get those deployed into
integration partners. Think you're on Coinbase and you're like, hey, you know,
deposit your ADA here to earn. And maybe right now it's saying you know,
two percent because it's two point four percent staking or something. And instead it says earning
five percent. And a lot of people do that, and because it's actually earning seven percent,
and Coinbase is taking is stealing some of it, something like that. But underneath the hood,
it's going through some advanced multi-application strategies on top of Cardano that are yield
generating from. I won't get into too fancy terms, but we build the strategies, we find the capital,
we get it on pretty vaults, and it uses a whole bunch of the different apps. Yeah, timeline-wise,
we've got this in three phases. We know what it takes to build what's fast enough to get
enough fees to get enough exogenous yield, but we have to fully, fully,
fully understand where everything's at. So I've already met with all almost all the DeFi builders.
We're somewhat close to done with phase one, but that's basically a full ecosystem-wide audit,
including all the infrastructure. Phase two, then we go to a lot of the existing apps as well
as other teams and apps outside, and we give them specs and asks, and we eventually collate
which ones we, us with the operating group, we have oversight. We don't actually custody any
of the money, but we'll go back and we'll give grants to a whole bunch of the different teams
to change what they're building in what direction, so that they interoperate way better
and can handle fast flow through strategies. And then once everything's rolling out,
we lead an incentive campaign. We're The two round horn a little bit. I believe the top
in all the industry in overall incentive distribution. We average forty two to one in TVL brought in
compared to annualized incentive spend. Industry average is fourteen to one,
so we get three x returns on the same incentive dollars. We're the top performers in
like arbitrams LTIP. So once we're trying to build all this infrastructure so that we can get by far
the best results for the lowest spend on incentives, and that's something that scales on
indefinitely into the future. So that we get hundreds of millions of TVL in. That is that is okay,
cool. If anybody has a question, please come up, do the hand thing, do the question thing.
Let's chat about the proposal. I have a question, but I mean, I don't know. Like,
are you are you ready for questions, or you want them to come as like, oh, what?
How do you want to do this, Plato? Yeah, let's let's dive into questions.
I'm opening the PDF right now. It's on IPFS, and my Brave is saying something strange. Bugshut,
what's the question, Jenny? Oh, I have a lot, but but I brought I brought my questions from before.
There's stuff that we haven't talked about today, so I was kind of like waiting for for some
of this stuff to get talked about. But I can just jump right into some questions. Um,
I guess let's just talk about the compound part. All right, so I know that you guys did
some compound work. It produced a large TBL increase, and some users and capital remain afterwards.
But I guess like, um, do you have like evidence of things being sticky afterwards, like
and like some organic holistic? Changes on on that after you guys move away
because I didn't see anything like that from the compound. I asked Phil the other day what was like
because I wanted to kind of like do a little case study. He said compound was a good place
to go start, and I saw the work that you did, but I guess you just mentioned that they're not doing
a really good job right now, so or I don't know or something like that.
I don't know exactly what you said, but you kind of hinted that it wasn't doing too great.
So can you can you talk a little bit about that part? Yeah, that's a a super super good
and important question. One we've been getting a lot, and one that's
it's actually been encouraging seeing like how many of the like influential people in this ecosystem
have independently done a bunch of research on this. We're actually stealing someone being like,
yeah, thanks for pulling this out. Yeah, Utah has come out and had some pretty good analysis
of showcasing like I don't know. He's tweeting completely objectively. I don't know
how he's going to vote, but objective analysis on what he's able to determine from
our previous engagements. I believe we made some stuff for like Emergo that.
That they had independently done some, you know, battle testing to see if, you know,
if we're actually about what we say, and they came back and said, I don't want to miss
what something like on Cardano, the average TVL stayed for like 37 days after incentives,
and most of crypto would say for like 55 days, and for Alpha Growth, it seemed to stick for
like 13 months or something. I don't know if I can exactly promise that.
Like you've seen compounds dwindle aggressively since we left, and we even, you know, had a long.
Like hour and a half seminar with the foundation, the Cardano Foundation yesterday.
Actually hoping to put out that video today.
It'll go into like a 54 slide presentation of us nerding out about it. But a lot of the a lot.
