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Casper Network
Recorded: July 1, 2025 Duration: 0:35:00Space Recording
Short Summary
Casper Network is making significant strides with its recent partnership with AmeriCorps Investments to revolutionize the $144 billion US parking industry, while also launching innovative features like liquid staking through WiseLending, promising 15% APY for users. The ecosystem is expanding with new integrations and infrastructure support, indicating a robust growth trajectory in the blockchain space.
Full Transcription
Testing one, two, three.
Testing one, two, three.
Testing one, two, three. Thank you. Hi, Michael.
I have feedback, so I need to fix that quickly.
Will Aaron just pick us?
You sound fine on this.
Okay.
Okay. Thank you. Just waiting on that. Okay.
Okay.
Well, so I'll get going
all right just FYI I have to mute my tab so I can't hear anyone while I speak to stop the feedback
we are live on our latest xspace community call I I'm joined today by our CEO, Matt Schaffnit, and our CTO, Michael Stoyer, and our CTO,
Michael Stoyer, away, and we'll speak about that a little bit, I'm sure.
But first of all, as always, I'd like to thank everyone in the Casper community for being
here, following along, and being part of the Casper journey to those building on Casper and our
community members in general and to everyone who turns up at our X Spaces, it's just great to see
you all joining. This X Space is being recorded so be aware of that and you'll be able to listen
to it back, share it with friends and colleagues for the fact.
So without further ado, I will pass it over to the CTO.
Sorry, the CEO of Casper, Matt Shafnit.
I'll go to you now, Matt.
Here you go. Just stand by please. Can you all hear me now?
Yes.
Hey.
Hey, thanks a lot, Joe.
And thanks, everyone, for joining us here for the fifth Casper Network Xspace of the year.
We're likely to take a short break here for the month of August and restart our regular
cadence back in September, just as an admin heads up.
But just want to give a quick intro before handing it off to Michael with a more in-depth
update from an ecosystem perspective.
It's been a very active past few weeks since our last AMA.
I've had the opportunity to represent Casper at the Crypto Valley Conference in ZOOG,
where I connected with founders, investors, and enterprise leaders from some of the most
well-known projects in the blockchain space.
The conversations were a strong reminder that Casper's approach focused on scalability,
security, and real-world utility is resonating more and more across
those I'm encountering at these conferences. Shortly thereafter, I had the opportunity to
travel to Istanbul for Istanbul's Blockchain Week, and it was great to spend some face-to-face time
with some of our Turkish team members, connect with a local validator, and explore a number of
potential listing opportunities.
What stood out the most for me, though, were the builders that we met. They are talented,
motivated, and eager to bring new use cases to life on Casper, and that's the exact kind of
energy that we want to support and grow. Throughout all of this, our focus has remained
clear. We're committed to improving governance,
driving engineering innovation,
and supporting adoption through tangible,
real-world applications,
some of which we'll talk about tonight.
There has been a lot of progress across the board,
from protocol development and audits
to ecosystem tools, integrations, and new new partnerships i will leave the deeper dive to
michael like i mentioned uh who will walk us through what has landed recently and what's
coming next and with that i'll pass the baton over to you michael uh thank you very much matt
for that overview and introduction and thanks joe for hosting as you always do uh first before i dig into uh updates
uh i just wanted to express once again i did this via x as well my gratitude to the casper
fam the casper community for uh all your support over the last few weeks as uh i went through sort
of the personal journey of losing my dad and mourning periods and things like that.
So I definitely saw and appreciate it.
And I'm deeply grateful for all your supportive messages over the last couple of weeks.
Thank you very much.
So I shared a lot of these updates with the community recently via X,
but I'm happy to dive deeper into more detail here today.
Let's start with core protocol development.
So as most of you will know,
we launched Casper 2.0 now over a month ago.
Since then, the core team has been working
on multiple releases in parallel.
On the one hand, we are working on a patch release,
which addresses some optimizations and improvements that we identified in Casper 2.0, that we're hoping to get out to mainnet in July.
These changes are currently being tested on DevNet and will be promoted to integration net soon.
From there, sort of the usual process, we will ask the testnet validators to release them on testnet.
will ask the testnet validators to release them on testnet.
And then if everything goes as planned,
we will propose an upgrade to the mainnet validators
for activation later this month.
In parallel to that, the team is putting the final touches
on Casper 2.1, which amongst other things
will activate the new virtual machine on mainnet.
This will make use of the multi-VM capability
that we introduced in Casper 2.0
and allow smart contract developers
to choose which execution environment they target
with their smartphone tracks, while allowing those contracts
developed against the new VM to still seamlessly integrate
and interact with smart contracts that
run against the original virtual machine.
This release of Casper 2.0 will mark one of the first times
that a Layer 1 protocol is capable of running multiple execution environments
on the same layer, without roll-ups or other workarounds to make that work.
It opens the door to introduce many more parallel execution environments,
which can all be optimized for specific use cases
or specific programming languages, for example,
making Casper network in an environment that truly lends
itself to numerous use cases, whether general purpose
or highly specific.
We consider it a very exciting development.
In order to make maximum use of all the new functionality
and optimizations in Casper 2.0, we
are also releasing updated versions
of the reference implementations
of the token standards on Casper Network,
such as CEP18 and CEP78.
Those are currently being audited by Halborn Security
and will be released alongside the past release
of the protocol that is forthcoming.
In addition, we are on the verge of launching
a new NFT smart contract implementation
for Casper Network known as CEP95.
CEP95 is developed by the Odra, Make and Casper teams and will significantly reduce
complexity compared to other reference implementations while improving performance, extensibility,
observability and compatibility with non-fungible token standards on other protocols.
CP95 will also be fully supported by the Odra Smart
Contract Framework and implements multiple event
standards in order to maximize external observability.
You can find the details for CP95 in the CEP GitHub
repository in the Casper ecosystem organization.
Support for CP95 has been built into the major ecosystem tools
such as the Explorer and the wallets.
On the ecosystem front, the team at Make
has been very busy making updates and rolling out
releases to their products.
Casper Live, the blocked explorer for Casper Network,
was recently updated to version 2.2,
which includes new and improved functionality
around performing transactions on the network,
such as transfers, delegations, and undelegations.
At the same time, it implements support for Casper name,
CSPR.name, which I'll talk about in a few minutes.
Casper Wallet was updated to version 2.1
and introduces an entirely new experience
around signing transactions.
Unlike previous versions and pretty much all other wallets
in the crypto world, Casper Wallet now
recognizes what type of transaction
you're trying to sign and presents a context-aware user
interface for it so that as a user,
it is much easier to understand what you're attaching
your signature to and what you're giving permission for. As always, the focus for all products in the CSPR suite
is around user friendliness and ease of use, and this feature is a great example of that.
Makes backend team, which amongst other things works on Thank you. Hello, Michael, we lost you at Make's back-end team.
at Mike's back-end team.
I think if...
Michael, if you can hear me, I think we seem to be having
sort of glitch or technical difficulties with DX Space for a moment, so
sorry everyone, and do bear with us.
Can I confirm, Matt, that on your end you also cannot hear Michael at the moment?
Oh... um can i confirm matt that on your end you also cannot hear michael at the moment can you hear me i cannot hear michael either at the moment okay sorry everybody we're just um
these x spaces seem to be a little bit glitchy and we are having a little bit of a technical
difficulty here so do bear with us as we try to get Michael back online.
And mine is acting up, just so you know, on the screen.
I don't know what that is.
To fill in the gaps, Matt, how was Istanbul?
Did you have fun? Did you meet some good people?
I know you touched on it, but how was Istanbul in general?
I had a really good experience.
Some of the more interesting discussions were coming from the Emirates.
I had a roundtable around the topic of real-world assets, which really ended up focusing on
opportunities and stablecoins and potentially how they could be structured.
But like I mentioned, I met a handful of folks that were eager to help bring devs and builders to Casper from their ecosystems and are excited about our tech.
So that was that was refreshing. But always like being able to see people face to face makes a big difference.
And that includes with Berkay and Muhammad from our side, who I had the opportunity to sit down and really get a feel for.
That was really great.
Awesome.
Yeah, I saw the pictures.
It looked like a fun event.
It's really nice to see the events and all the pictures from, for those of us that were unfortunately not able to be there, it's nice to see the pictures and everything all the pictures from for those that were of us that were unfortunately not able
to be there it's nice to see the pictures and everything that was going on
yeah i'm exhausted so i'm looking forward to uh the summer break in which i also have to travel so
yeah it's all good yeah
good this is always the worst yeah
if we can get michael back on to finish because there's a handful of topics that that we do want
to talk about um i can take this from here um you know we stopped i think with makes back end team
which is amongst other things working on casper dot cloud, middleware layer, recently celebrated for their thousandth pull request on the server software,
highlighting their ongoing drive for continued innovation
and enabling app developers with the most performance
and most straightforward access to all data on the Casper network.
So if you're a developer looking to build apps quickly and easily
um it's easy to get started via docs dot casper or cspr dot cloud um let me um let the the other
stuff is very specific for michael um let's see if uh i can get him i'm gonna put myself on mute
thank you matt um and i this serves as a good time since we're having this
technical difficulty to remind everyone that if you have any questions now is a good time to ask
them. You can leave your question down in the comments here below of the X-Space and we'll do
our best to answer those during or after the X-Space. Michael, we have you back.
Yeah, sorry.
Where did you lose me?
Quite a while ago, we lost you talking about MAKES backend
team.
Oh, really?
That's interesting.
Well, here I am.
I'll go back into my updates.
So I'll go back to MAKES backend team and start from there.
So MAKES backend team, which amongst other things works on the CSPR.cloud middleware layer,
recently celebrated their 1,000th pull request on the server software,
highlighting their ongoing drive for continued innovation and enabling app developers with the
most performant and most straightforward access to all data on the Casper network.
performance, and most straightforward access
to all data on the Casper network.
If you're a developer looking to build apps quickly and easily,
get started on docs.cspr.clouds.
I just mentioned now, apparently a few minutes ago,
cspr.name, the name service for Casper network.
Halborn recently completed the security audit
for the smart contracts that powers this product,
and the Make team is getting ready to launch CSPR.name in the next few weeks.
As a name service, CSPR.name will enable users to acquire a human-readable .CSPR domain name,
for example, alice.cspr, and map that domain to their public key on the network.
Each .CSPR domain is represented by an NFT,
which means that you can buy and sell domain names via CSPR.Market
and other supported marketplaces, just as easily as any other NFT.
You will be able to map multiple .CSPR names to the same public key,
and we will also be launching subdomain support in the future,
allowing organizations and enterprises to be launching subdomain support in the future, allowing organizations and enterprises
to have many subdomains all under the same .cspr brand
and map them each to different users or different departments
within their organization.
Throughout the CSPR product suite,
accounts that have a .cspr name mapped to them
will automatically be labeled by the domain name instead
of their public key.
And you can use .CSPR names in supported wallets as the target for transactions.
.CSPR.name is also fully supported by Casper Cloud and Casper Click.
So if you are a developer, you can integrate this functionality into your application from day one.
into your application from day one.
This product too fits perfectly in our mission
to make Casper the most user-friendly blockchain
for end users and developers alike.
Moving on to other exciting features.
In Casper 2.0, we introduced the capability for smart contracts
to participate in staking functionality on the network.
This, amongst other things, enables liquid staking
on Casper network.
We recently announced that WiseLending
will be the first party to implement and launch
liquid staking functionality on Casper network.
Liquid staking allows users to continue to accrue staking
rewards and help secure the network,
while having a liquid token that represents the value
of their staked CSPR, with which they can continue to transact.
This means that you can continue to earn 15% APY on your CSPR
while using the value of your CSPR to trade in other tokens,
provide liquidity, or purchase items or access
rights in other products.
It means ultimate flexibility and optimized economic benefits.
Combined with the DeFi offerings that Wise Lending already provides, it's truly a match
made in heaven.
The liquid staking contracts were recently audited by Halborn Security and are good to
Wise Lending is working hard on completing the front-end implementation for liquid staking,
which we expect to launch later this summer.
It will mark the beginning of a new era for Casper,
where everyone is maximally incentivized to stake
while remaining fully liquid with their on-chain value.
A relatively high API is also very attractive for DeFi
users on other protocols.
Wise Lending is also working with the team at Odra
to convert their real-world assets, their real-world asset
vaults to Casper.
When this conversion is complete,
Casper network users will be able to deposit into these vaults
and draw significant APYs.
The current offering is 20% APY backed by real-world cell tower
infrastructure revenue from around the world.
Our friends at Friendly Market recently
completed a full upgrade of their smart contracts
and their backend infrastructure to fully leverage
all the optimizations available in Casper 2.0.
They also switched to Casper Click for the wallet integration
with the Friendly Market DEX, making it even more seamless
to interact with their platform.
Additionally, they are on the verge of launching
a new product, which is currently being audited by Holborn Security.
And we expect this pretty exciting launch
to happen later this month.
And we will report back to you with the initial results
in our next X-Space.
Last month, we announced our partnership
with AmeriCorps Investments, one of the top technology IP
companies in the parking industry.
With them, we are developing solutions for the $144 billion a year US parking industry
in order to streamline processes between the many parties involved in parking transactions
using blockchain technology,
while also working towards tokenization of parking assets around the country.
Since our announcements, our teams have kicked off development with AmeriCorps
and are planning to launch an MVP in several markets
in Q3 of this year.
At the same time, we are fielding interest
from parking industry participants outside of the US.
Some updates from our broader ecosystem.
Ledger launched new versions last week
of both the Casper app for Ledger devices, as well as their Ledger Live application for Casper, both designed to make use of Casper 2.0 features and optimizations.
The upgrades are seamless to end users and will be installed when you update your Ledger app on your device or simply when you use Ledger Live.
Crypto.com recently started offering CSPR custody, representing an additional option for institutional users who require enterprise-grade custody features and controls.
Now Nodes, the well-known managed node infrastructure provider, launched support for Casper RPC nodes and allows their users to access both shared as well as dedicated Casper node infrastructure for their development needs on a pay-as-you-go basis.
Then on the public event side,
as I mentioned, I was absent for the last week and a half, two weeks,
so I was very sorry to have to miss permissionless in New York last week
where I was scheduled to deliver a keynote presentation
on the topic of how to build a blockchain for real world
use cases.
I look forward to giving that presentation some other time.
Later this summer, I will be attending and speaking
at the Wyoming Blockchain Symposium,
organized by the well-known SALT Conference organization
upon invitation by Kraken and SkyBridge.
Look out for other events that we will be attending
in the events section of our
homepage on casper.network. That's it from an update perspective for me, Joe. I hope I made
it all the way through audio-wise. I know that we also ask the community to submit questions for
the space in our Telegram group using the Ask Casper hashtag so i look forward to answering some of those
questions now great thank you michael lots of exciting updates um i'm really excited to see
csbr.name as well and hopefully get my own name um secured um we do have questions that we asked
our community under the hashtag ask casper and we do have a few of those that we um i can i can
ask here and um hopefully hopefully Michael can give you some
answers. So the first question we gathered is after the Emeeracorp partnership announcement,
have any companies shown interest to collaborate slash partnership with Casper Network?
Thanks for that question. So I mentioned in my update, we are fielding interest from
parking industry companies around the world who are interested in participating in and contributing to this initiative that we announced with AmeriCorps.
And this is very much a direct result of the partnership announcement. So once these things are formally materialized, we will, of course, announce them to the community.
we will of course announce them to the community.
Great, thank you.
Straight on to the next question from a community member.
What percentage chance would you put on Casper being listed on finance by a year end?
That feels more like a question maybe for a poly market or Kalshi or other prediction markets.
So I'm not going to put a percentage on that.
All that I'll say is that I think that percentage is higher this year
than it was last year.
Great. I'm surprised I was allowed to ask that question.
But on to the next.
How many new real-use cases onboarded in 2025 would you consider a success?
And how many would you consider a failure?
I love that question.
So Matt and I set ourselves the target of onboarding
and launching one major real-world use case each quarter.
So the first one will, of course,
be the parking industry launch next quarter.
So the very simple answer to your question is as follows. Fewer than one per quarter
would be a failure. We would have missed our targets. One per quarter would be a success
against our current target. And more than one per quarter means that we have to adjust our targets up.
Awesome. What kind of volume and impact is the partnership with AmeriCorp going to have on the network?
So volumes are obviously always hard to predict.
As you might imagine, the volume of transactions in the parking industry in and of itself is massive.
Originally, we are only looking at the U.S. market.
However, we are also going to crawl, walk, and run with this.
We're launching an MVP in a couple markets.
We appear to have lost Michael once again.
Sorry about that.
Let's try and get him back on.
It's not a good day for X Faces apparently. There's lots of glitches going on.
So if you could stand by everybody and we'll try and get Michael back as soon as possible. Thank you. that's all right we'll come back thank you um not sure what's going on there um so i was saying
that um we're launching uh an mvp in a couple markets and then build out from there um i was
speaking about the americorp uh and we believe that in time we can capture a significant share of the market,
especially as we're proving the value to operators and municipalities alike.
This very old industry is absolutely ripe for disruption
and clamoring for a solution that addresses the massive loss of efficiency
and revenue and overheads that is truly very prevalent all throughout the parking world.
Awesome. The next question reads, what aspects of Casper blockchain and network differentiate Casper from the multitude of other layer ones?
So I believe that we address this in a lot of detail in our collateral around the Casper 2.0 launch.
So I'm not going to go into the same level of detail here,
but I recommend that the asker or others who are interested
visit our website where it's all very neatly laid out.
But I can confidently state that unlike many other protocols,
Casper is designed from the ground up
to enable real-world integration with real-world companies
solving real-world problems.
This means things like developer accessibility
for the tens of millions of non-crypto native developers
out there, upgradable smart contracts that evolve
with changes to regulation or business conditions,
access controls that can mirror real-world constraints
as you would find at any real
world organization, and instant finality that does away with this whole let's wait for 64 confirmations
business that really doesn't work for real world transactions.
The next question we have is what are the key pieces missing, e.g. liquid staking,
and when do you expect the puzzle to be complete?
So one of the things that I've learned in my 30 or so years
in running software companies is that the puzzle never truly completes, right?
Markets change, regulations change, industries change, culture changes.
The only thing constant really is change.
So the same thing truly applies to blockchain as well.
Casper certainly has key pieces that can be strengthened.
And with that, I'm thinking about access to more stablecoins,
more options around decentralized trading,
and more cross-chain functionality.
But at the same time, things that are considered a key piece today
might not be one tomorrow.
There's a lot of hype chasing in the blockchain industry.
One or two years ago, inscriptions were all the rage, and everyone was building their own homegrown ZK solution, and so on, and so on.
So we try not to chase hype, but put in place enterprise-grade reliable blockchain infrastructure that real-world businesses can build mission-critical processes on top of.
So that will remain our focus.
Awesome.
Read as it is written on the script,
what sort of visible activity can we expect to see
from the sales and marketing team,
excluding Michael, in the near future?
It's funny that Michael is answering that question.
So our ecosystem team, as we call them,
is very active at all times.
On the marketing front, we just introduced
a new major version of our protocol
to much industry fanfare, including a lot of attention
by major exchanges around the world.
Our ecosystem team is also responsible
for working with our partners,
ensuring that go-to-market strategies are aligned
and executed and onboarding new partners onto our ecosystem.
We also make sure that we interact both
with the blockchain industry at large,
as well as with our local developer communities
by attending major industry events around the world.
Most recently, Matt and I attended ConsenSys in Toronto.
And since then, Matt met with the Turkish community
and local business partners at Istanbul Blockchain Week.
I will be meeting with industry leaders in Wyoming later this summer.
And Matt will be at Korea Blockchain Week and Token 2049 in Singapore.
Our ecosystem team is also responsible for all the content
that we produce, such as the blogs and videos
that everybody consumes, as well as our developer relations,
which includes documentation and other developer guides.
Finally, our social media and community engagement
fall under our ecosystem team's responsibility as well.
So in short, they really have a lot on their plate and there's a lot
of visible as well as in the background responsibilities that you as a community see from them.
Thank you, Michael. The last question I'm sure was put here by mistake. It's a bit shocking to see, but here we go.
Why have we still not been listed on Binance, Coinbase and Kraken?
The community has been crying out for these listings for many years.
So there you go.
Well, thank you for that, Joe.
So I cannot speak to what happened many years ago as I joined seven months ago.
However, I can say the following.
So first of all, exchanges decide for themselves
which projects they list and in which order.
They don't generally explain publicly
why they choose certain projects and why others are not
yet listed.
On our end, we are in active conversation
with each of the exchanges this user asked about,
and others as well.
And as soon as there is news to report on this front,
we will of course let the community know.
That's all I can say about that.
That does conclude the ask, hashtag ask Casper questions and thank you to everybody
who asked one of those questions and hopefully you got the answer you were looking for.
And I don't believe we have any more updates for today. As Matt said, a slight quiet period
in August as we come back fresh in September, But we're still here answering questions daily over at our Telegram
and we'll be posting regular updates on our social media.
So stay tuned to all of those for the latest and greatest from Casper.
A quick and last thank you to everyone again for joining.
This call was recorded.
We'll be sharing it after the fact.
And I ask you, if you'd like to'll be sharing it after the fact and i ask you if you
if you'd like to to share it with your colleagues and friends so they can have a listen or you can
listen to it on the train somewhere but that's why it's there so it can be listened back to so
thank you to everyone who joined the call including the team and all for all of the updates and we
will see you all again well shortly over probably on Telegram but again on the next call
here on our X spaces
so thanks everyone for joining and we'll speak with you soon
thank you everyone
thanks for our hosting
thank you Michael
see you soon bye bye Thank you.
Host
Casper
from
Casper Network
