Coffee with Captain #995

Recorded: Sept. 25, 2025 Duration: 1:24:01
Space Recording

Short Summary

ApeCoin is making significant strides in the crypto space with the launch of Project X, a new DeFi protocol aimed at enhancing user engagement and liquidity. Strategic partnerships with various protocols are set to bolster its market presence, while the upcoming token launch is expected to attract substantial investment. As the DeFi landscape evolves, ApeCoin is positioning itself for growth and increased yield opportunities.

Full Transcription

I was living the dream. Starting off with a bitch, now I got coins, I see where y'all going
Been poppin' since web 1, hella hooked on web 2, I was living a dream
Now I'm on web 3, and it is where the seams, top in the pyramid schemes
I'm telling you, I'll sell you a percentage on Nebula, shout out to this
Yo, set it up, surfing on the web and I'm shooting that tree
I've been golden when I got my G, I'm an alien boy from a different planet, yeah.
So I got my drink, I'm riding in the 1920s, Model T Ford.
Car, era, Lord.
Call me Levi, playing on the keys, boy.
And I'm about to put my gloves on.
If I said it, then I meant that.
Yeah, I like that one.
I'm about to get that.
Crash that whip for the drumsticks, whiplash.
I'm about to get them all.
Are you with that?
In a white boat, surround the bike blue
I want one, but I got a cop too
I wanna fly high in the sky
Arms out wide, tryna soar
From a bird type view
I'm on fire, Ricky, Bobby
Cracking the pigment, Whitney, Bobby
I'm a Saki, bomb
Hiroshima, Nagasaki
Bruce Wayne been a dog
And I keep it 101
Cause I'm feeling kinda spotty
Sipping on some rock and I'm sippin out octane
The only thing around my neck is the blockchain
Now I got coin, coin
I see where y'all goin'
Been poppin' since web one
Hella ho, you gone web two
I was livin' a dream
Now I'm on web three
And it is what it seems
Top in the pyramid schemes, I'm tellin' ya
I sell you a percentage on Nebula
Shout out to Viz yo, set it up.
NFT, Twitter, blockchain.
See I'm with the ghosts and we balling like the Brown Jays.
Crypto, crypto.
We can make a trade, get the memo.
Reviews not falling for the FOMO.
Listening to coffee with Cap'n.
You know we worldwide, they loco.
I ain't never gonna stop rapping.
Orlando, yeah, we working magic.
We rocking Ethereum, NFT. I just went and caught me a half base. I ain't never gon' stop rappin' Orlando, yeah, we workin' magic We rockin' Ethereum in her teeth
I just went and copped me a half bass
Man, I gotta shut up the 40s
Now I got coin, I see where y'all go
Been poppin' since Web 1, hella ho, gone Web 2
I was livin' the dream, now I'm on Web 3
And it is what it seems, coppin' the parent machines
I'm tellin' ya, I sell you a percentage on Nebula
Shout out to Vince,ince yo set it up breaking the more the truth is mine but it got knowledge
to move son i'm shocking in shades with my brother in suits yeah them blues is coming
even though it's hard to pick any mighty mo soda on the mix no biting lips it's time to go get
next number one no thumbs up you gotta scroll looking at the ghost's studio it's time to go
had a helmet on by myself until i met a mask that wouldn't have a face off had to bring my chainsaw full ticket
gas and i'm driving my brakes off i'm a one but a different kind of steak sauce
welcome to coffee with captain powered by apecoin where we dive into all things crypto
nfts web3 and cutting-edge technology. Remember, nothing here is financial advice.
Early-stage tech can be exceptionally volatile and risky.
So grab your coffee and join Cap and Steve for today's conversation.
Welcome to the future.
Welcome to Coffee with Cap and a little bit of a late start today.
I am going solo. Had a host locked in.
They had to jump out after I'd gone to sleep last night,
which is totally cool. They had to jump out after I'd gone to sleep last night, which is totally cool.
They had something come up.
They were a firm, strong, maybe probably,
but had something else jump in.
So I am all by myself for the late start today.
Appreciate everyone coming through, though,
for the late start as we get it going.
We got the ApeCoin raid team coming on in about a half hour.
So give us a like, a retweet, a comment
on the room. As a reminder today, nothing
today you hear is financial advice.
Meme coins are risky. NFTs are risky.
Crypto is risky. All of these things are
exceptionally risky. You can go to zero at a moment's notice.
Nothing you hear today on the show is financial advice.
People on the show likely do
hold things that they talk about. I will talk
about things that I hold today. So going to be one where you don't want to take that financial
advice. You want to make sure you do your own research as you navigate the
world of crypto. Thursday, September 25th. And
look, I'm going to say some stuff today that I think might be kind of a hot
take, but I'm going to go ahead and put it out there. I'm talking about it in the DJ Network War Room this
morning, and I'm getting a little bit of pushback, but I feel kind of firm on this
stance. If anybody wants to come up and talk, as always, welcome to Request Up On Two Stage. We will
have, again, in about 20 minutes or so, our friends over from the ApeCoin team coming on,
PP Man, Simple Farmer. I mentioned Project X. I'm pretty excited about that. Probably going to toss together a video at some point here
showing what it's like to or how to LP on Project X
because for those who have not done it, it's a little bit complicated.
I will give the kind of, and by the way, GMs to all the GMs in the chat.
RDL, good seeing you out there as always.
Mesh Mesh and the friends.
Iceman, been good hearing from you in the DMs lately.
Hitting it regularly.
Mesh Mesh.
Green Edge.
Teacher Katie, good to see you out there.
Never misses a show, it feels like.
Like I said, give us a book.
And bookmark, by the way, I've heard bookmarks do quite well.
Thank you, Teacher Katie, for the dollar tip.
Appreciate that.
I heard bookmarks do something for algorithm stuffs. Funny enough, I actually was reading a thread recently
about the algo from
Alex Finn, former NFT god, which I know some people had some issues with
and all that good stuff and aren't the biggest fan. I think he does a good job breaking down
the algo pretty
well, though. And he had mentioned
that X even nerfs
their own article. So if
you write an article, it's considered a link.
And spaces.
So if you take your X spaces and you
put them into a tweet, your
tweet will get nerfed, even though it doesn't
technically take you off the site.
The site reads it as way,
which is wild in a world where they have Grok,
which is, you know, able to animate images, videos,
and, you know, basically make it so it can talk now.
I did something the other day I can pin to the top
if I can swing it and find it while hosting,
but they've done
a video where you can put in words
and have your image talk it
out, but they can't figure
a way not to get their
spaces nerfed
not get their spaces nerfed on their own site.
It doesn't make a lot of sense, but
here we go.
I'm going to get into my hot take here in a second.
But again, give us a like or retweet a comment to the room.
We'll do the daily market update here in a minute.
A few topics to cover on this morning that we will hit on,
and I will give some opinions on.
NFTs actually running a little bit, or at least some of them are.
Of course, the market down doesn't help.
If you are here, you are probably watching the market currently bleed out,
which is probably a less than uh ideal uh situation for you um i do want to talk about though on the positive note
we'll talk about this more when pp man comes on alongside simple farmer but uh project x look i'm
a huge fan i have said before icob said a tweet he said this uh you know kind of like semi-joking that they will retire bloodlines at that airdrop.
And I've been LPing on there for quite a bit.
I've been LPing on there, doing double-sided LPs for quite a bit.
The U-Pump hype has been really good.
It was printing at one point, it would print like $100 a day.
It doesn't do that anymore.
I said it wouldn't last forever.
It didn't last forever.
But you kind of earn points towards this airdrop as you're going. And when ApeCoin dropped on there, I think I saw a 200%
yield. It's down to like 50% this morning, which is still a crazy number. And it's also hilarious
to hear people say only 50% yield, like only 55% yield. That's all we're getting right now.
Feels like a hilarious thing to say, but 55% yield at the moment on my current LP,
and it's cooking in the direction of Hyperliquid,
which means ApeCoin is outperforming hype.
Of course, hype's getting hurt a little bit by Aster on the back end there,
which is less than fun for me with some big, nice hype bags.
Still up from those quite nicely, but not feeling great about that.
And going to see what happens probably pre TGE.
And then I'm going to play it very careful,
very close to the vest.
And I got to say,
I'm having discussion in the,
in the war room.
So I'm just going to bring it out.
I have been,
I've said before,
I'm a fan of,
of Luca pudgy penguins, everything they're building.
I think Elu is executing as well as anybody else.
But this came out today.
Luca Nets says that he talked to Warner Brothers to partner up on music.
Pudgy Penguins wants to get the music.
Pudgy Penguins, by all accounts, seems to be doing pretty well.
to be doing pretty well. They have global sales, global distribution.
They have global sales, global distribution.
But I have to sort of like, look, as much as we're like, we will
glaze people all day long when things are going well.
You know, there's been a lot of discussion about abstract on the timeline. There's been a lot
of discussion about what's happening with abstract. There's been some accusations that I don't know that I
haven't seen confirmed. I can't fully agree with. But accusations
aside, we've been talking for this show for months.
Like, a lot of the people in the community
are feeling it.
A lot of the people who are on Abstract
have been feeling it,
where the TVL is down
and it's not great at the moment,
which TVL isn't always the most important metric.
I've been, you know,
as somebody who likes Catan,
I've been saying productive TVL
is something that I am a fan of.
TVL is actually going to work.
When it comes to this, looking at Igloo as a division, though,
Pudgy Penguin seemed to be doing well.
The Penguin token is down 25%.
That's the market.
It's down 25% in a week.
It happens.
For me, it is the worst performing coin in my portfolio, but I understand it. That's the market. It's down 25% in a week. It happens. For me, it is the worst
performing coin in my portfolio, but I understand it goes ups and downs. I sold a little before it
dipped yesterday to move it elsewhere where I thought it could be more productive just because,
I don't know, I think I'll have a chance to buy in if it starts to shoot back up. And right now,
it didn't feel like the most productive place for that. But we've talked about AppTrip. We've talked about the streaming platform
hasn't really had any updates.
You know, Cap and I talked about,
and I'll have to check this morning,
but, you know, we'd be sitting there with,
you know, 20, 30 viewers at times,
whatever it was,
because, you know, not a mega streaming platform,
but certainly a nice one that got us streaming.
And there'd be people with one, two, three above us.
There's a guy who's always at the top.
Looks like I'm in the second row now.
And it looks like they may have reorganized it by people watching.
So they may have fixed the streaming part.
But there was a period of time when we would be so deep disappeared for discoverability
because we had people find this show in Abstract early on when Abstract was streaming.
And then for some reason the algorithm you know
we're here they said consistency all these things we'd be here five days a week two hours and we
would see us you know five six rows down and people with one two three stream uh watchers so
it looks like they might have fixed that which is good we talked about the xp thing which again
credit where credit's due they're fixing that where you know it did take a while and i think
maybe the team's a little insular
because there's, you know, the feedback wasn't getting there
because it's feedback I'd heard in a lot of circles
when we talked about on this show for a while,
you know, ear to the ground.
You would, you know, think maybe they had kind of heard through that,
but, you know, totally cool that they didn't,
then they did fix it.
But the XP, for a lot of people who, you know,
aren't familiar with that,
there's these sort of levels you get.
And like one of them is gold to, I think, platinum or diamond.
I don't even remember what the level is.
But, you know, you couldn't get from gold.
Once you got to gold, it was, like, impossible for anybody to reach.
So we had that feedback.
You know, the sort of nebulous XP system you would hear a lot about,
where, you know, for me, I would have it where it'd be, like,
one week I would get, like, 9,000 XP. The next week, a good 20,000 XP. I wouldn't really change it much. And
they'd be like, well, that's the point of it. But then I see other people who are getting,
you know, 300,000 XP. And I get there's a huge pudgy booster. That's nice. They're boosting
your ecosystem. It's logical. There's this like mega giga chat role or something that I think a
lot of people have that you would see as a booster and you know I would see
Teacher Katie says in the chat Matt
last two weeks my XP was nerfed
more activity so frustrating
mesh mesh so many streaming issues
are they even onboarding streamers
think they don't think they've done a good
job so far look I'm grateful they got us
streaming they got us on the
they got us on the stream they got us on the video
but they did do this thing
where there were people
who could follow people.
So I have 484 followers.
Cap's got, I think, 650
or something like that.
You know, always thought
that push notifications to start,
to start would be a good idea.
You know, get SMS, email things
when you have people that you know
that are going live.
So, you know, I just, I think that there is,
oh, people didn't know, Cap's sharing his GM with his sashimi,
which I think, I don't think it's ahi tuna,
I think he said his mahi-mahi on there, Mel, just so you know,
from yesterday, and it looks delicious.
It sounds like they caught it, cut it, and put it out there.
So if you're looking in the chat,
Cap is eating well, and
I'm jealous because I would
kill for some sashimi. It would actually fit into my diet
that I'm on right now, which
I would probably kill a man for a piece of bread right now.
bread for the first time in like a
month on Saturday,
and it was a religious experience. I saw the face
But, you know, we'll get to the early market update in a second
because I see two Peterson out there talking about the blood in the streets today.
We'll talk about what's happening.
But to get back to the point I was making,
we have, you know,
Pengu token down 25%.
I get it. That's how the market goes.
You know, they're going to go to work on that.
They're trying to work on that.
They focus on it.
Pudgy Penguins seems to be doing well globally.
Obviously, you know, it's always calm before the storm,
but it seems like as a business, they are operating well.
Abstract was supposed to be the big blockchain.
We heard Luca say it's the biggest blockchain in Korea this week.
I'd love to see the data behind it.
I'm sure that, you know, he's basing it on something
and not just kind of making statements,
but I'd be curious what that is.
But we've seen lower TVL.
We haven't seen a lot of updates to streaming.
We haven't had a flash badge in months.
The reward system is kind of confusing,
and we're seeing a lot of FUD on the timeline.
We're seeing DAP saying they're not getting marketing support.
And again, I'm not here to FUD.
I'm just stating what I think a lot of the market's feeling
and a lot of the things we've been hearing.
The gold, it sounds like they're going to add some new,
again, some new tiers.
But for those who aren't aware, again,
if you had gone to the gold tier in abstract, earning XP, getting, some new tiers. But, you know, for those who aren't aware, again, if you had gone to the gold tier
and abstract earning XP,
getting to platinum is impossible.
But there is, and then the last thing you hear
is feedback because there's this clickiness,
which again, I think there's always clickiness
in any community, but on a blockchain,
it depends how ubiquitous you want to be in.
In a consumer chain, you probably don't want clickiness
because most consumers aren't in the click.
But again, you see this, you know,
300,000, 200,000. I'm like,
all right, well, I got 9,000 this week. Wait, I got 19,000. Okay, I got 5,000 this week. Wait,
I got 25,000. It's confusing. And I'm not going to tear up. So it kind of demotivates it.
NFTs, a lot of them underwater for a lot of people who had bought them.
Meme coins, underwater for a lot of people who had bought them. I know there's some people who
are saying they were down like tens of thousands of dollars on meme coins because they're holding them for the
XP. And now we're hearing, I believe, Get Rich Nick said, you know, jambered in the chat,
you know, take me forever to get to platinum. Intelligency saying I don't even know any team.
But the take that I had this morning is I saw Lucas saying like,
Pudgy Peng is wants to get the music. Again, this isn't FUD. This is just plain how most people look at businesses. In most situations, like when I worked at Nestle,
if one of the Nestle divisions wasn't doing well, it's not that you didn't focus on the
other division, but you kind of had leadership take an eye on that and say, how do we get this
thing fixed? Hearing them get into music makes me worry about, are they spreading themselves too
thin? Because it doesn't seem like Abtract's getting the love. It doesn't seem like it has hearing them get into music makes me worry about are they spreading themselves too thin because
it doesn't seem like abstracts getting the love it doesn't seem like it has the same marketing
love it doesn't seem like it has the same um you know love from a you know hearing from the team
and and sort of the people on the top i i just worry that if you looked at any business and if
you said hey here's my business here, here's my business and we sell
one frozen food, we sell frozen food, so we sell a microwavable meal. And on the other hand,
we sell, let's say, a set of protein bars. And the protein bar business was not doing well and
didn't have good sentiment around it. That's considered issue that's that's a flag right and hearing
about like penguins evolving this penguins doing that it feels like after korea blockchain week
luka probably needs to give some love to abstract sentiment on the timeline is not good hearing tge
might not be this year from a lot of people when he had initially said q4 mesh mesh says yes
spreading themselves way too thin it's crazy to see story protocol performing better.
But that's the thing about focus.
When I watch the Rekt, you know, the Rekt presentation
from Career Blockchain Week,
I hear a strategy.
I hear a plan.
I hear a focus.
They have a coin.
The coin connects to their product.
Their product is, you know, continuing to expand. Obviously, you need to get distribution.
They introduced a new category. It's an energy drink. I imagine if Rekt Sparkling Water wasn't
doing very well, they would focus more energy on there if they had two sectors there. But,
you know, Rekt Energy comes out the gate. Partnership with FaZe Clan. Last time,
FaZe Clan did a partnership with an energy drink. It shot the number one energy drink in the gate. Partnership with FaZe Clan. Last time FaZe Clan did a partnership with an energy drink,
it shot to the number one energy drink in the world.
So I only bring this up to say,
if I'm in charge of Igloo right now,
and I'm looking at the brands,
are they continuing to put more and more resources
towards Pudgy Penguin
and less and less resources towards Abstract?
Or are they going to go in that direction?
Because it's,
it's just,
it's concerning to see what's happening right now,
because you can't not put those two and two together.
And at the very least,
if you're Luca nets,
and if you're this team,
I think you need to be thinking about what this does as a contagion.
Because again, right now,
like it feels like they need to come in
and they need to say, look,
is there something we can do to make abstract,
to help abstract do better?
And again, we talked on this show,
we gave four marketing ideas on this show,
four activation ideas on this show,
all these different things to say,
like, here's some ideas and things they could do. Again, they require time, money, and energy. They got to have
a team. I don't know what's going on with the team there. So I'm not going to be the one who comes out
and says, I saw people who are being way over the top. Like I saw one person saying something about
how there's all ref links on their portal, which is true, but also they might just be placing those
in place of UTM codes.
I don't know.
Like, I'm not going to say that somebody's skeezing on the back end.
There's people saying that they're scamming on meme coins.
I'm not going to say that that's happening.
And there are people calling for people to be fired.
I'm not even going to go that far because I think, you know,
the team, especially early on, did a pretty good job.
Seemed like they had a pretty good plan off the launch.
It's not shooting Abstract down and footing them into the ground.
It's not saying that they're, know not going to succeed but it is saying that if you're introducing um and look Machiavelli
here in the here in the chat like or Machiavelli chat with a couple of ones say it's okay to say
Luca and team are failing at the blockchain situation a lot of teams are unhappy and looking
for a new home is what I'm hearing uh Follows it up by saying, stop participating.
And I stopped participating and so did most.
I know it, and so did most people.
I know it doesn't seem clicky and not fun anymore.
Also, the community is the chosen KOLs.
Nobody wants to pay attention to, but they're going to be rich at TGE.
Again, like point being here, as I read some of these comments, I think a lot of people have
this sentiment right now. And if you're the leader of the business, he's got to do what he's got to
do at Create Blockchain Week. He has his plans in place. All of those things are important. But
if you have Pengu down 25%, blockchain losing TVL and teams and companies and apps and meme coins are
underwater and NFTs are underwater and there's critics on the timeline.
You got to step in and try to do something like that's what happens with
businesses. There's really two options with those businesses, but in most cases,
and again, I've worked at very large, very successful companies.
I know we like to like throw our nose up at web two sometimes,
but there's a
reason companies are successful and their fortune 200 companies are the world's largest food brand.
And it's when a company is not being successful or a brand within a, with a group of brands not
being successful, you take a new leader. I've seen it happen dozens of times who you believe can turn
the ship around. You put them in charge of it, or you as a leader
pay more attention to it. I can't understand because I just feel like we've seen for the past,
I don't know, after it was the bell of the ball six months ago, and then a couple months after
still, and then a couple months, and the past couple months, it's felt like, okay, no flash
badges, points don't make sense, and if T's not doing well. TVL's not rising.
If anything, it's falling.
You know, NFT's not doing well.
And I have this group of people.
And the other thing that I'll tell you I'm worried about,
we'll go to Booching here in a second.
I appreciate you coming up, Booching,
is that I'm increasingly see the Pudgy Penguin community,
and this is one of the red flags I see.
Maybe this is a tweet I'll throw out today
and get some opinions.
I'm increasingly seeing Pudgy Penguin community members
who were, don't fade abstract,
you're not, you know,
you are not bullish enough on abstract,
saying, well, abstract's different.
Abstract's different.
I'm not, no, Pudgy's over here, abstract's over here.
I'm seeing a lot of community members, a lot.
Very, a bunch on the timeline say,
no, no, no, that's different.
And maybe it's just sort of a fair weather fandom thing i don't know but you need to step in and do something in these situations even if it's just a
perception issue and explain why it's wrong because it was going really really well for a period of
time now hearing all these things i just that that's the concern i'm facing right now and i
know a lot of people might look at it and say, you know, I'm overreacting,
or you're reacting to the timeline,
and this too shall pass,
and, you know, markets are down,
and yada, yada, yada.
But there's just,
do you have to call a spade a spade?
If a business has,
like, people say this about Yuga,
people have a lot of thoughts about Yuga.
If one particular part of Yuga's not doing well,
people have a whole lot to say about Yuga as a whole.
Gotta hold it both ways. to hold it both ways.
Got to hold it both ways.
Let's go to Bouching.
Bouching, get in here.
GM, thanks for uping up.
GM, thanks for having me.
Abstract is certainly one of those more interesting ecosystems
where you're either full in or full out.
There's almost no in-between now.
We're at a weird turning point where, like you said,
the value prop of continuing to stay, you know, you break that gold tier level.
How do you keep generating XP?
Oh, I saw a post that somebody made 267,000 XP.
That's cool. I don't have a, you know, a big or a little or any other, you know,
mega multiplier, so know, mega multiplier.
So incentive drop-ish.
But no, it's, there's still a lot of other interesting things,
even within the things that are there that are taking place, right?
Like, quietly launched Frankie Goes Season 2.
And, you know, people that are well informed with that,
but even those as a casual game player you know an easy
you know sticky game that has a repeat cycle that will catch right uh we still don't have the latest
from gigaverse eggs but you have roms that have their whole new room now right so there's a whole
different avenue now where if you maxed out to level 60 you can move on and keep going you know
it's not a dead zone and clearly there's a lot more being developed there,
but that's, you know, a little more in the weeds to that.
But all that to say is in each different subtle capacity,
there's still things that are growing.
There's still things making progress in the ecosystem.
But to your point, the ecosystem itself
isn't doing itself a lot of favors right
now. Like that sentiment is a tough thing to retain. And, you know, the PVP that went even
harder there because you said, oh, how much liquidity do we have? How many meme tokens can,
you know, survive the push and, you know, the public battles about verification and anything
else that went down. And it's like, okay, so where's the next phase like we can get everybody in the room
right the value prop of abstract was it was so easy to get in anybody could do it but how did
we keep them like how does abstract keep people wanting to go back so that's that's my interesting
thought process on where it goes next from you know quarter four and beyond there yeah it's a
good take and i think and i appreciate the take and the thought process.
And you're right, there is some good stuff
going on over there.
To the point though,
where I hear about certain groups
and how they move, like moving blockchains
is a lot easier than it used to be.
And it's not like,
this isn't Frank D God's on the bridge move.
This is now, you know,
an EVM compatible game in theory, you know, the bridge move, this is now an EVM compatible game in theory
you know, the
let's say MegaEath launches to success
and it already has these daps on the backbone, it's going like
Digaverse to move to MegaEath, nothing would
stop it, and in fact it would probably pump
crazy suggestion in the war room
that we were talking about as we kicked it back and forth
which I'll kind of put out there
you know, if Abstract truly is going poorly
there is a world where you cut it and you say,
we're going to reward Pengu from our Pengu rewards bag
to the people based on their XP and Abstract,
and we're going to focus all our energy on Pengu and Pudgy Penguins.
It's the end of Abstract.
I'm not saying that should happen.
They're obviously putting a lot of time and energy towards it.
But I could see a world where that would be an outcome which you see with businesses by the way
progressive ed um insurance in australia for years and eventually just cut cut the bait with it and
left it and that happens um had another point someone made like look you know the whole market's
down and so we're picking and choosing i'm not picking and choosing i'm giving it as one data
supporting point which is they have three divisions and one of them is a token and also that token is down 25 in a week which is
the worst performing thing in my portfolio so that's all i'm saying i understand the whole
market's down memes go down it's not it's not saying that the whole market isn't down i get it
the market's down in fact i kind of caveated that it's more so the point that if you have three things going on, Pangu, Pudgy Penguins, and Abstract,
and one of those things is being wildly successful,
and the other two don't seem to be.
And, you know, I just, I think that there's, you know,
I think there's definitely a concern that comes in there.
So, yeah, it's like, what do you do to keep people here?
And again, we gave ideas,
gaming turnings with the games.
We gave ideas of, you know,
like how to, you know,
get people over to streaming
and streaming platforms
and how you support them
in different ways.
But it just feels like
there isn't that same level
of effort going there.
And again, it's not meant to be fun.
It's something that we've talked about
for quite some time on the show
and I've heard on the timeline quite a bit
and I've seen it
and they're making some changes
and I respect them working on it. It's just finding myself
looking at this and saying, gosh, guys, I just don't know. And I just think in any other business,
people are very adamant about, like I said, look, I mean, we're going to be talking ApeCoin here a
little bit and not speaking on behalf of my guests or whatever, but anytime
something goes on, you know, something
there's an other side glitch in Yuga, people have a lot
to say about it in the whole company.
Well, if Abstract's not doing well
and Pudgy Penguins is, it's like
you can't, you got to have, you can't hold the double
standard there. You know, you got to be honest and
say, like, one part of the
company is not doing quite as well, and that's
when leadership steps
in so we'll see if he does you know the it really has hit a crescendo this week and i know luke is
at korea blockchain week so he's out of the office a little bit and he's kind of preoccupied
so absolutely in no way shape or form am i saying that you know he's not going to fix this or it
can't be fixed or everything's not fixable it's just it's funny kind of the pushback and seeing all the things where it went from again pudgy penguin community telling me
hey we're all about abstract don't fade abstract and now i'm hearing him say that's a different
thing it's not the same so it's just completely like those two things don't kind of kind of
attract to me so i don't know it's just it's concerned to me um go to booching here in a
second again and then we will uh we will bring on our special guests.
We'll talk a little Project Raid,
do the Daily Market Update after that,
and then potentially close down from there.
But get back in here, Booching.
Yeah, I just, I'll give you quick notes
because I know we're jumping to the next thing.
But the thought that I had,
especially because you brought up the TGE concerns, right?
And the thought that's been, especially because you brought up the TGE concerns, right? And the thought that's
been lingering in my mind with the ecosystem is that the integration of Pengu tokens supposedly
being the massive, you know, churn of anything that's supposed to live and breathe in there,
right? So the question is, if it ends up that the rewards for TGE ended up coming out of that
war chest, like are people mad at that? I don't think so. If it ended up that the rewards for TG ended up coming out of the award test like are people mad at that I don't
think so if uh if it ended up that the you know the canary ETF or whatever they had filed there
for that ends up being you know brought to fruition there it's like hey so now I ended up
getting rewarded that way like you said like oh if the token's not doing great, but the token does great, that changes that perception.
Is it the argument to say, why do an ABS token?
I don't know.
I've tried to debate that fairly regularly in mind to see what the true value is.
I mean, I know we're getting C, mask, and everything else.
So it's like, why not?
You know, everybody else is doing it.
So it'd be silly not to.
But if Pengu's not exactly that, then it's like why not you know everybody else doing it so it'd be silly not to but is if pengu is not exactly that then it's like is it a competing interest so that's that's
my closing thought on where that goes yeah i mean like it's sort of the thing and again we'll uh
we'll bring our friends on here in a second but it's sort of the same thing where look i um
you know like one shout out to you know, like one,
shout out to, you know, you think about ApeCoin
and the way it's thriving since then,
pretty exciting.
But it's the same thing as like,
when like Cool Man's Universe drops a secondary collection
when the floor is like 0.17 or something,
and you're like, do we really need a secondary collection?
Do we really need to expand this community?
Like, do you really need another token
if the product itself isn't getting as much love?
And I just don't know.
So anyway, a lot of discussion.
We'll probably continue it on the back end of the interview
because it seems like there's some interest in this one.
And I know it seems to be a hot button topic
with a lot of people.
But look, I'm just giving how I feel about it.
And it's definitely worth discussing.
But we're going to do 8-chain architects here
because we got some exciting,
bullish stuff to talk about for sure
on a day when the market is bleeding.
Bye-bye, bye.
We pave the way.
8-chain architects pave the way.
We spark the flame.
Ignite the chain.
8-chain architects. We met on the day. He sparked the flame, ignited the chain A chain I contest
We met on the day!
Happy to bring on my friends once again,
Simple Farmer and Mr. PP Man,
who I have just seen absolutely cooking on the timeline,
not just about hype,
but making sure we keep our boy Tebow in check as he needs to focus and lock
So appreciate that very much gentlemen,
but a big announcement today or yesterday,
I should say two days ago,
my brain is completely broken.
Time is a flat circle in web three.
Simple farmer is I think a little overdressed today.
He's wearing a shirt.
So maybe a little bit, but that's basically if I had worn a little overdressed today. He's wearing a shirt, so maybe a little bit of it.
That's basically if I had worn a tuxedo to the show.
But I want to get in on this latest move.
So obviously, ApeCoin went over to Solana,
felt like that was a kick-the-door-down moment.
It was partnership after partnership after partnership.
It was a week when everybody didn't sleep at that company,
and you kept it going.
Then we see them over to Hyper liquid got me excited and look i am going to be blatantly
selfish here and say that project x is my fave right i mean i love project x i think it's a
great place i think bobby and uh um lambo are awesome but simple farmer talk about this so
you started with solana. You then went to
Hyperliquid. I don't know if we're done yet. Maybe we'll get some teasers there. But like,
feels like that was the logical next move. Talk about that part of it and what it was like in
the decision to kind of go over to the Hyper EVM ecosystem. Ooh, don't have sound on you for some
reason. Let me double check on that. I don't know if it's on my end or not. I don't think so.
Hopefully we get it. PP Man, can we get a mic check on you and actually see?
What's up, Steve? We do have PP Man. So Simple Farmer is working on the sound
on there as well.
I'll take a question if you want, and then I'll let Simple
expand on it. Yeah, hit it. The question was,
why Hyperliquid, right?
What's the intention of Hyperliquid?
Yeah, why Hyperliquid?
It was the second thing out the gate.
Solana made sense in the first one.
That's where medium coins
and coins in general are traded.
But then you went to try the Hyperliquid.
Talk to me through that.
Yeah, so I think that,
stepping back,
what we're doing here with Raid is we're basically expanding Apecoin's audience, Apecoin's presence, and its utility.
What is it that you can do with Apecoin?
When we did Solana, if you think about Solana, Solana has millions of very casual users it's people that either have you know a few dollars here or you
know perhaps are whales but like they go um you know superficially into whatever the meta is if
you go to hyperliquid even though hyperliquid has less users let's call it like a few hundred
thousand users they're very hardcore intense know what they're doing kind of users. And I think that you see it in the product usage.
Like Hyperliquid right now, sure, there are a bunch of forks.
If you think about Hyper EVM specifically, it's Project X is a unit fork.
Felix is a Liquidity fork, Liquidity V2 specifically.
But at the end of the day, what they're doing is they're taking advantage of
Hyperliquid's insane liquidity on
hypercore and they're basically or at least the expectation is that that will uh come you know
innovation will come with that as you get a bunch of liquidity you can build on top of those things
and we want apecoin to be in the middle of that i think that look i i said this in the past when
when you you and I had a chat.
ApeChain will always be the home for ApeCoin.
I think that all value will accrue back to ApeChain. But at the end of the day, we should not be cornering ourselves into a specific area of the market
when we can use our ApeCoin for our favorite projects.
In your case, Project X.
I'm a big fan of HyperBeat, for example, but yeah.
Yeah, I love that, and I love the other protocols.
Simple Farmer, let's get a mic check.
Yeah, give it in now.
Yeah, hit it, hit it.
So BBMan gave some of the logic,
talked about some of the products,
some of the things that are, some of the reasoning by,
but can you talk about, actually, since we kind of got the why,
can you talk about the how, how does this even go? Cause I actually look, I am newer to defy.
Obviously I give it, I'm very transparent about that. I am newer to, uh, and I am not one who
knows how I'm not a big Toki guy. I was an NFT guy. I hold some things, but I don't know as much
about it. How do you go about getting a ticker,
moving to an ecosystem,
getting set up with liquidity?
How does this work?
Because I think a lot of people don't know
how you migrate chains
because I imagine it's a lot of work in a big lift.
Definitely.
Yeah, and so there's a couple of key things here.
One is you can make a token multi-chain
using what's called Layer Zero's OFT standard
and it stands for OmniFungible Token.
Essentially what it does is it sends a cross-chain message
to a smart contract.
And so when somebody bridges the token to the new chain,
that smart contract releases a portion of the supply
that corresponds with how much you bridged.
And then essentially you have that supply on the new chain.
The important thing to know with cross-chain deployments, and this is the case for any token, they're not super effective if you're taking liquidity off of a different chain and essentially putting your liquidity in half from the previous chain and then adding it to a new chain.
They are effective when what you're doing is adding brand new liquidity or essentially just supplementing, supplementing the net
liquidity, supporting the token.
And so that's exactly what we did with ApeCoin with the hyperliquid launch.
And the really interesting thing about hype EVM and hyperliquid spot is you can't just
deploy a token.
It doesn't really work like, you know, Solana or ETH mainnet.
You actually have to buy the ticker.
And so that's something we had to do for ApeCoin here specifically.
And just speaking to some of the Tribe5 folks folks some of the people who are in the trenches of hype evm and the d apps there they felt that the fact that we came
through and bought the ticker they felt the fact that we came through and integrated with the big
dogs and like some of the smaller protocols too really early kind of shows that we didn't just
come to do like a quick job we're here to do like really
in-depth integration and make sure that apecoin has exposure within the best products in the
ecosystem so we're super glad to partner with the folks like you said project x fantastic team
fantastic people making defy sexy again i love to see it i really love to see it fat apy's and defy
uh lp is like that's the lifeblood of what crypto has been built on for the past years.
Base runs on trading.
It runs on swaps.
Aerodrome, their whole model is built on having swapping volume.
And so it's like a DEX.
Now you see what's going on with Aster and Perps Protocols too.
Perps Protocols is just leveraged swapping, right?
just leveraged swapping right it's leveraged exposure into a token that you might not own
It's leveraged exposure into a token that you might not own.
so you know all of this really combines into what is now for apecoin a way bigger suite of products
and protocols that you can utilize your token for and for me it's it's exciting like i'm just
enjoying this i feel like we're doing a lot of things that just make sense right and that's that's
the easiest way to win in my opinion so when you do this because i i love it because i think it's a it's one of those things where it's
like strategically i'm big on like what is the strategy and does it make sense and look i think
a lot of people lose grace on historically and people like people have amnesia about what the
uh what the market was and what you know existed, existed in the past. And like, look, ApeCoin launched,
gift to the community, grants DAO.
That was one direction of it.
We, you know, had conversations ad infinitum about the DAO and the issues it might have.
Look, there are things that I was vocal about in the DAO,
like sponsoring a BMW when people voted for that.
On the same time, like, our show got sponsored.
We made sure we delivered on that. We appreciated that. So there's some good things. There are some time, like, our show got sponsored. We made sure we delivered on that.
We appreciated that.
So there's some good things.
There were some,
not so great things,
but ultimately decision came
to shut that down.
Apeco comes into place
and I'm a big fan of strategy.
when I talk about,
I've been talking about
Story Protocol a lot lately.
I actually partnered with them
on a couple things,
but it wasn't as much about that
as it was,
they want to build IP,
they want to make IP ubiquitous, they want to start focusing on Korea, and they're going out
and get properties in Korea. Like, wrecked. They want to sell drinks, those drinks tie to the coin,
the coin is a brand coin, they want to go to energy drinks, energy drinks are the next thing.
I think ApeCo's strategy seems pretty obvious, and they keep, you know And the term I keep hearing is the hyper-financialization of ApeCoin,
which is a really aggressive term.
Talk about the shift into that strategy from where the DAO was,
because obviously they brought you on to lead DeFi,
and that started happening.
But how do you make that decision?
And talk about the decision to go for,
you can go a lot of different directions with ApeCoin, you can go a lot of different directions with eight coin.
You can go a lot of different directions,
different directions,
but the direction was hyper financialization,
get this to as many places as possible.
How does the discussion happen?
that's a great question.
And you know,
hyper financialization of eight claims inspired,
of course,
like PP man was the first one to coin the term.
So shout out to,
shout out to him for,
for being there to to get
like the spark started on this and then once i saw it i'm like i'm running with this like let's let's
let's go hard and make sure this goes really well so i think the first important factor to think
about is with the dow the grants what essentially those were most of the time right of course not
all the time were really bad deals for ape. They're relatively one-sided deals, pretty good for the receiving parties,
pretty bad for the token and the tokenomics.
This starts with ApeCoin and ApeCo not making bad deals anymore.
There's no more bad deals.
We're only making good deals, and good deals work when they're symbiotic
or when we have the advantage, but of course, mostly symbiotic,
where we are benefiting and the protocol partners are benefiting too. So the great examples of this are what you see now with
like Project X, Hyperswap, Hyperdrive, right? We made deals with them. We did things that made sense,
got integrated into their protocol, and it should be net profitable for both Apeco
and for their protocols. So the steps towards hyperfinancialization are critical, because if
we're constantly giving back more than we're getting, it's going to be unsustainable path,
right? Because it's a super aggressive approach. It's a super aggressive thing to do to a token.
What we have to do is stack wins. We have to stack good deal upon good deal upon integration. And,
you know, and you were talking earlier about the chains and stuff there is a very
delicate juggle between on-chain and off-chain stuff right you can be really really good at the
off-chain stuff and that creates a lot of hype and a lot of our trading volume not just for
apecoin but for all tokens is actually still happening off-chain but the thing is we understand
clearly that the future especially you know a couple years down the line is going to be on-chain
and defi is most likely going to be the backbone of that. It's right now. It's the only real sustainable
red source for, for all of crypto pump fun makes revenue, right? The revenue is a hundred percent
defy based. It's just some swaps. It's token swaps. It's a decks at the end of the day. So
all of this is going coming back full circle to apepeCoin, right? ApeCoin the
product. And so the thought process is, how do we keep stacking these wins? How do we make sure ApeCoin
is in front of the users that will be interested in the product? And then once they have the product
in their hands, how do we make sure they know how they can use it? We want to make it easy for them
to use. We want to be putting out solid content, explaining to people what they can do. We want to make it easy for them to use. We want to be putting out solid content, explaining to people what they can do.
We want the off-chain folks who are trading on ApeCoin to be excited about the macro-level decisions we're making.
And there's going to be, I think, a lot of interesting stuff
in the short-term feature there as well.
But then also the decisions we're making on-chain
for all the on-chain people who are the minority rate now.
But I think that's a thing that's for now.
And I think a lot of this,
not to talk too much about abstract and all that, but I think that's a lot of's for now. And I think a lot of this, not to talk too much about like abstract and all that,
but I think that's a lot of the difficulty a new chain sees, right?
A new chain is experiencing these problems for the first time.
There's a huge difference between running a token,
running an NFT collection and running a chain.
And a new chain,
every single new chain I've seen has gone through the same struggles.
They have a big up at launch and they head downwards.
If an airdrop comes after that airdrop, it can get even rougher. So if everything should be a chain with ape coin and with
ape chain we are deep believers that we can build a long-term winning culture that is based in like
good decision making clever products innovative usage of crypto and like smart contracts and so
i think that like just those simple steps daily steve are going to be the way we're going to win here.
Yeah, I like that.
And I think it's really like, you know, it's a good point where I think a lot of people and again, when I when I give critiques in the show, we give treat on the show, we pride ourselves on like, look, we're honest.
It doesn't matter if it's a sponsor.
It doesn't matter what it is like, you know, we're never going to like throw people under the bus. But like we try to be very measured and honest in it.
And to your point, I think it's a good point that out the gate, there's generally growing pains. And, and
Yuga has been, you know, at the forefront, because when you try a lot of new shit, like
if you're the first ones to eat the berries off the bush, as you're going, you know, into a new
world, if you're the settlers who try the berries off the bush, somebody is going to eat a poison
berry and throw up, right? That just happens sometime. And it's a matter of like, as long
as you don't, did you die?
Or did you make it through?
And what did you learn?
And you learned, don't eat the berries.
And one thing that you said there that I think was really insightful is,
you know, and I've had this conversation with Cam and Juan and others,
and I think it's a really like very good straightforward point is that
they are gung-ho on not making deals that are bad for them as a business,
that are bad for the company because
to your point like that was a really good way of putting it the doubt was a lot of bad deals
with very few exceptions it was a deal where you didn't necessarily get in return what you put out
but the people voting on it were community members it was friends it was people who was
sometimes it was a popularity contest it was people who maybe you know didn't want to you
know didn't want to you know you know say, because if you voted no as a public vote.
I actually want to go to PP Man on that overarching point, because one, PP Man,
board closet is telling you to get a mic.
And I actually said earlier, I actually said it's on brand.
I think you're calling in from a bathroom stall, which I appreciate and respect.
It's very PP Man-esque.
But you've been at Yuga since the beginning and you've watched
this whole evolution talk about like that aspect of like trying new things and seeing how not just
the community but the timeline reacts and then i think to end it on a positive note from that like
what it's like now working on something like this like you seem kind of re-energized in the timeline
with this new sort of mission that you're going towards dude it's 7 a.m and i'm in a bathtub
um i'm very serious the so yeah i'll touch on a point that you mentioned um steve i think the
dow so individually like the people running the dow individually they're great capable people
the thing is that structurally like if you put them in this DAO structural, as you mentioned, with community members
building, it's basically an elephant
with two broken legs.
It just doesn't move.
When it moves, it doesn't move the right direction.
So if you think of what we've
been doing with
Project Braid, we've been
acting quite fast.
We launched on
Solana two weeks ago.
Two weeks later, we're on Hyperliquid,
or Hyper EVM specifically.
And I don't want to ruin what's next,
but, you know, we're going to move very fast
on this direction,
which includes everything that Simple mentioned on chain
versus other stuff that, you know,
I'll just give it to myself.
It's going to be good.
But what I'm trying to say here is is I think the strategy needs to be flexible enough to
allow for iteration.
If we are scared for perfection, I don't think we're going to get as far as we can if we
just go at it, iterate, so that the next thing that we do, we take all the lessons that we
learned and implement them.
I think that the community has been very receptive.
I think that the partners we've had, including Solana and Hyperliquid,
something like 30 different partners in these past two weeks.
In short, some of them were, I wouldn't say better,
but the community received them much better than others.
And that's the part of iterating.
I think that being scared of having, you know, a potentially partner,
a potential partner that we may think is amazing,
but may not click with our community.
We shouldn't be that scared.
And yeah, back to the point about like the deal side, I agree.
I think that if you look at, you know,
AbeCoin or at least the Dow and ApeCo as a piggy bank,
there's no way you're going to get ahead.
At the end of the day, when a deal is made,
all of us who hold ApeCoin pay for it.
What is it?
That's a little bit of a way of thinking about it.
I mean, I love that.
And I love seeing the energy that you're bringing and all that.
And I got to ask, like, what has been the reaction?
You talked about the reaction being positive from the community.
as somebody within this community,
I will do my best to beat the drum of like,
we said it like on this show,
we worked with the Dow,
we worked with the banana bill and we worked with Apeco.
And we were very transparent about the experiences of all those. our experience with apeco was things moved quickly it was very focused on roi and what
actually works like right we have these sponsor segments we have these shows we do certain things
where we host certain panels and we like it was like hey how are we gonna make this work so that
you can maximize it on the timeline and continue to be you you know, because Cap and I try to be community leaders
within the club.
We love the club and it matters to us
and not to like deputize ourselves,
but, you know, it's important
because people ask me,
like, literally, I kid you not,
this is not like me, you know,
when I say something like that,
I mean, like, you know,
the Apes will have an announcement
of some sort, positive, negative, neutral,
or, you know, Yuga,
and I will have people in my DMs like,
what are your thoughts on this?
As if they're like waiting for like
sort of an opinion to make sure that they you know feel
one way or the other and so like we're dead honest about it working with eight co is the
best experience we had it was just flat out it was it was quick it moved well and i think that
you know the point you're making is really sound there but like how was the community reaction
from your end because you know pp man you're the most tied into the community right you're you're as tied in as you get what was the community reaction from your end? Because, you know, PP Man, you're the most tied into the community, right?
You're as tied in as you get.
What was the community reaction?
Talk about it being positive.
Were there people who pushed back?
Or does it seem like people have mostly been excited about this?
Because it's like, hey, we got a direction and we have a mission.
Yeah, I think the community has been, so community reception has been pretty good.
And you can see it in the timeline.
But what I like the most about the reception is I think there's been a lot of curious people.
Like in one of my tweets, I meant this, and I still mean it, that my DMs are open.
Any questions, I'm here to help.
And bro, my DMs just are swamped.
my DMs just are swamped.
So if people are out there just having a fight, I will.
So if people are out there just having a fight, I will.
But that's actually quite exciting
because it's not only about being bullish
and having a good reaction.
It's also about like, all right, I'm excited about this.
How can I do it?
I don't know how to do it, but I want to learn.
Which reminds me, I'm probably going to open a group chat with,
if anybody wants to be part of that group chat, DM me.
I think it's going to be easier.
But yeah, a lot of curiosity, excitement, and yeah, that's how I've seen the reception.
I love that.
And Simple Farmer, along those lines, you mentioned DeFi is getting sexy again, or at least for this community.
One of the things I love about this is that, look, again, I've been transparent.
I started getting into DeFi about two months ago
when I decided enough is enough.
I need to learn this.
I'm in this space because I was almost embarrassed,
It was a different language.
I mean, it was like reading a foreign language,
impermanent loss, liquidity pools,
and all the different protocols
and the bridging that was necessary to do it.
And I have personally onboarded,
I'm not making it up when
I say dozens of people who I've liked similar to what PP man says about the DMS. I have said,
like, if people want help getting onto some of these protocols, I've been helping people out.
I'm in DM showing them which wallet, what to do where. Um, and so like, it's been something that's
been a passion of mine because it almost reminds me and I'll get to the question here in a sec,
but it's almost reminded me akin to when I was 28, 29 years old,
I had never been educated on finance.
My parents weren't educated on finance.
They didn't know what they were doing.
I wasn't educated on school.
And I read, ironically enough, at this point,
because now the Kramer Index thing,
Get Rich Slowly by Jim Kramer,
or Get Rich Carefully, I can't remember what the title is,
but it talked about IRAs.
It talked about index funds.
And I was like, holy shit, nobody's told me this and anybody can do it.
And I got aggressive with finance.
And I maxed my 401k.
I didn't have a 401k until I was 27.
I tossed in my IRA and in my IRA until I was 30.
And I went after index funds and I got aggressive.
I had the same sort of unlock when I got into DeFi where I was like, what the hell?
You can run a double-sided
liquidity pool and print money and then just put that money back into the liquidity pool. And again,
assuming the numbers are going up and everything, but if you use USDC on one side, then you dollar
cost average one way or the other. I was like, this is awesome. I want to tell absolutely
everyone. It's like somebody who just discovered CrossFit. I want to tell everyone about it.
So talk about the fact that one of the things I think maybe you
probably see, but I don't know if you take for granted is like when I posted about Project X
yesterday, a lot of people asking, educate me in this, educate me in this. So I'm going to put
some videos. You've been doing some educational content, putting it out there. How does it feel
that you're potentially bringing an entirely new swath of people who have been in crypto for four
or five years at this point into defi and you get to be
the sherpa that does it is that is that is that a cool feeling i mean i think it's all it's awesome
right i've always wanted to be a defi sherpa honestly that was my where's my guidance counselor
on that one in high school right i mean i would have been you know crusty right yeah for real in
the economics i think this i think peer-to-peer essentially decentralized finance
is eventually going to be taught in high schools because it's just a more effective system less
middleman's it works through the communication system that we use around the world which is the
internet um and so it's just a better way of doing things it keeps more money in people's pockets and
less money into you know like corporations pockets that was the point of crypto. That's why we did this whole thing.
You know, it's interesting because people talk and talk again.
We talk about, people get so excited about these products that come through.
And my issue is, I know for a fact that 99.9% of revenue in crypto is coming from token swapping,
swapping, lending, or or speculation so speculation is perps
something that futures other than that there isn't revenue being made with tokens all of these
things are peer-to-peer financial interactions routed through smart contracts and what i'm
noticing now is that people are picking up more and more on it again. And what you end up seeing is a super effective protocol creating flywheels with DeFi integrated.
So a great point, a great product that I like was TokenWorks, the NFT strategy.
So Ape strategy, Meep strategy, Burp strategy.
These are DeFi products.
They are DeFi products.
They are powered by token swapping fees essentially
dex fees getting rerouted into buying nfts and then the secondary system of that is right the
flipping of the nft for a higher price which actually is a much less effective economic
model than just the swapping itself right we've seen the swaps come through and generate massive
revenue buy a ton of nfts off the floor And now we have to see how well that works for kids to flip its way up.
It's exciting because I think people are finally coming back to the real world and realizing,
especially seasoned, clever investors like yourself, Steve, you're going to be most
interested in LPing on a Project X. Anything above 20, 30% APY is great. Like you're not going to get that anywhere
on a real world asset on USDC. I mean, on the US dollar on your bank, you're never, you're never
going to get that. Uh, and you're getting that just for providing your token for swapping.
And it's, and I love it when you have a pool where you like both tokens, because then you're
in permanent losses and really feel so bad, right? It's like, for me, Ape Hype, great pool.
They usually move, sum it together.
Right now, obviously, Hype has been the winner of the cycle,
but I think going forward in the future,
you'll see a lot more congruent motion there.
I don't know if you checked it, by the way, in the last 24 hours,
because with all the Astro stuff happening,
but it's funny because I heard some people being like,
oh, you're pairing Ape with Hype?
Get ready to have a lot of Ape,
which, by the way, totally fine with that.
But also, no, I dropped a 50-50 pool. It is 75%
Hype this morning. So people are, I know the market's down across the board, but people are
saying like, oh, well, Hype's the darling of the cycle and Ape, it's going to trade between 45 and
62. And I'm like, look, maybe so. But actually, like if they range trade, I win number one.
And number two, hasn't been the case.
Like Hypes and getting some heat and Apes kind of heating up a little bit.
I did not expect to wake up this morning because I went to bed last night.
It was 75, 25 the other way.
I wake up this morning.
I've got another like $10, $20 in fees and and it's $75 the other way.
So I do think that there is a lot of excitement there around it.
And like you said, I probably need to...
Here's my thing.
I like onboarding people individually one-on-one.
I do think sessions...
PV Man talks about his DM being open.
I think sessions might be in order with how many people are getting into it.
Just eight DeFi sessions or something.
Because I do think that there's probably an opportunity to educate enough people.
I'm going to do a video on what I know. I only know what I know. And the point you made about
liquidity pools, I think I just want to double tap on because a lot of people say, where does
this yield come from? And the answer is trading volume because, you know, with, with, with like
vaults, which I love vaults, like I like Katana, but part of that yield, it's like,
I get a normal USDC yield and a normal ETH yield,
and then they juice it with their token,
which is coming towards CGE,
which that's a great way to juice, juice a vault.
Like they can do that.
But those juice vaults, like in theory, it's like,
well, what is the token for?
And is it going to be worth their FTP?
And am I really earning that yield?
In liquidity pools, correct me if I'm wrong,
the token volume, as long as the token is trading, that is just me getting fees from those exchanges,
which are then put back into my wallet because I get that little bit for, it's like, I make the
analogy to people that if you could own Apple and Metastock and every time they're traded,
when one goes up or the other, you get a little fee
instead of the exchange owning all of that.
It's like, that's the idea.
It's decentralizing finances.
Am I playing that back correctly?
Yeah, and you're very right.
And also, in the near-term future,
we are built as a chain on top of Arbitrum One.
There's a sleeping giant coming through.
You should check out the post from Vlad Tennis
regarding what they're planning
with Robinhood chain
being built on Arbitrum One.
It's very exciting.
So you'll be able to do exactly that with the Apple.
I don't know what you said for the other pair
with the stock there, I forgot.
But you'll be able to do exactly that.
So imagine when you can create an LP between two stocks.
And so what we're going to see slowly, in my opinion,
is going to be more real world assets. for example, stocks coming through and being traded on through decentralized
financial rails. And so it's going to continue to grow. And so these DEXs are all going to do
really well. The chains that have good tokens and have the ability, give you the ability to buy those
good tokens are going to do really well. The chains that have clever tokenomics and base their whole revenue system off of good
tokenomics are going to do well.
That's why I'm always going to be super bullish on Hyperliquid.
I think their tokenomics is something we really strive for with ApeCoin.
And it's something we're moving towards that direction.
We are well aware of the ways we'll be able to have revenue for ApeCoin.
We're well aware that deflationary staking is ending at the end of the year and the unlocks are ending.
And so it's about positioning ourselves to be the big winner of the rest of the cycle or the upcoming cycles.
Because ApeChain, Google Labs, ApeCoin, BoardApeYachtLock, this is all here to stay.
We have tokens that last a single cycle.
Apecoin has already lived out a cycle.
So we know it's not going anywhere.
Yeah, I love that.
Now it's about what happens when these tokens become generational, right?
Bitcoin is obviously going to be a generational asset.
I wouldn't be surprised if my son, who's one and a half years old now,
maybe he's using Bitcoin and not using
any type of fiat in his purchasing.
What I'm saying is, ApeCoin
is going to be mentioned in that same breath.
It's going to be a multi-generational
cryptocurrency. And we talked about
this in privacy. Maybe we even get to the day where we're
just referring to these as currencies.
Yeah. I love that conversation
because we have this conversation where
people use the term NFT
and it's like,
the term NFT isn't going to exist.
It's going to be tickets.
You don't go to a football game
and say, hold on,
let me grab my QR code
so I can get the game.
You say, let me grab my ticket.
It's a QR code that's technology
that's powering it.
Similar to NFTs,
like with cryptocurrencies,
I don't know what we'll call them.
It's just going to be called the thing.
So we talk about Wyoming having a stable coin that they're building through AVAX
to get advantages within Wyoming using that, right? In theory, you could have, you know,
a percentage of yield. You could earn money off certain businesses, et cetera, et cetera.
It's like, I think you'll just say like 8coin, Wyoming coin. Oh, I should convert my Wyoming
coin. And instead of going and converting it at a fucking window, like you did when i was growing up with cash when you went to canada and you exchanged
it when you were 19 so you could gamble in windsor instead you take that and you just hit two buttons
and you're switched over and you got your thing and that becomes a competitive landscape um on
that i actually been curious how you think about that as a competitive landscape of you know you're
giving people more reasons to use ape coin which is obviously good for the coin. Run those sequencers, get that money, collect those fees, et cetera, et cetera.
How do you think about giving people reasons to buy and hold ApeCoin besides sort of the DeFi
angle of it, if you're looking at it? Because that's a question I'm getting in the chat from
some other people. It's like, okay, so I get it. Do I purchase things in ApeCoin? Do I hold ApeCoin
for advantages in ecosystems?
Obviously, we're getting that wallchain bonus for that. That's a utility reason.
How do you think about it on the utility side for reasons to hold?
Yeah, that's another really good question. So I think every day you hold an asset,
you're essentially buying it at that market price. So you should love that asset.
And for that to be true, it has to be a great store of value
so step one is the super deep liquidity so with project raid across the chains where we've both
improved liquidity like arbitrum one but also the chains where we've seeded additional liquidity
like solana and hyperliquid you have an additional 1.3 million dollars supporting apecoin on
decentralized exchanges now we talk about this is 11.3 million in sell-side liquidity, essentially.
What that means is ApeCoin can now absorb way, way more sell pressure
without the price going down as much.
This is important for an investor, right?
If you're coming through and you're a whale,
if you want to buy six figures worth of the token,
you need to feel comfortably that token is highly liquid so you know that at any point you want to buy six figures worth of the token, you need to feel that comfortably that token is highly liquid.
So you know that at any point you want to capitalize
and switch back into a BTC or USDC or an ETH,
assets that we consider great assets,
you want to feel that there is ample liquidity to support those swaps.
So that was step one of RAID and with this cross-chain implementation.
It was not about fractionalizing liquidity,
but about deepening liquidity using our own funds, to be honest with you, Steve.
So we didn't take liquidity out of any other decks.
All we've been doing is adding, adding, adding.
Now, this is slightly less sexy than the buyback narrative, but it actually works better.
And I explained this in the previous show.
I do still think there's something to be said for buybacks because I think they're actually a great marketing tool.
And so you see that also like MicroStrategy, what they do for BTC. I do still think there's something to be said for buybacks because I think they're actually a great marketing tool.
And so you see that also like MicroStrategy, what they do for BTC.
You see a chart, you see these buys coming through and it creates this bullish sentiment.
Buying the token wrecked, announced they did a buyback as well, right?
These are very bullish sentiment things for the community.
So I think there's two sides to this.
One is the narrative-based place where people feel good about the token when they buy it. The second is the real depth. So the real depth is the liquidity, the utility, the places you can use it. And then it's about expanding that. So hyperfinancialization is about everything. future i think there's no reason companies like you know mastercard and visa should be making tens of billions of dollars every year when we have a peer-to-peer financial system
we probably don't need them and so if we have rails where people are using apecoin for example to
buy a home pay for a car things like this in the real world the cryptocurrency is becoming more
liquid right as we're moving, it's becoming more useful.
And as we make these steps towards this hyper-financialization, it's just more reasons to hold this as a long-term store of value.
And of course, it's important for people that the price goes up.
So it's going to be important for us.
It's on us to be making ApeCoin a loud voice in the markets where people are interested in cryptocurrency.
making ApeCoin a loud voice in the markets where people are interested in cryptocurrency.
So we're going to be attacking heavily markets like Korea, which is super hot now, Turkey, Brazil.
And I think PPman could give more details on that as well.
By the way, Steve, I'll also answer your question, how I'm using my ApeCoin and why I'm holding it.
I actually have a little barbell
strategy. Like, sure, I'm taking advantage of that. What is it now? 50% APY on Apes?
I've got it on my Apes. And on the other hand, I'm using ApeCoin to farm stuff from Hyperliquid.
I put out a tweet. It has 50,000 views and 100 bookmarks.
So I know people are just skimming through it.
Just read the tweet.
It's basically using an Apecoin,
like using your Apecoin stack
to farm protocols across HyperEVM,
including Project X, HyperBeat, HyperFi, HyperSwap.
Let's see if I remember them all.
Athena, Felix, Theo.
I'm probably missing a couple.
But what I'm trying to say here is,
sure, you've got the stable 50% APY
that you know it's going to happen.
And then in my opinion, you need that moonshot.
You need those eight protocols that you're farming
so that when they TGE,
if one of them is worth something, it just makes up for all the trouble that you're farming so that when the TGE, if one of them is worth something,
it just makes up for all the trouble that you had with that strategy.
It's a good way to put it to work, I think.
And that's well stated because I think that like,
that's one of the things I found in DeFi when I got into it is I prioritize,
first of all, I want to make sure it was a safe protocol that I felt safe with.
There's always protocol risks.
There's always smart contract risks. Then I want to make sure
that it was a, you know, company that I kind of trusted. And then I wanted to make sure there
was yield. And then I actually had like high on my list of priorities there. Is there an airdrop
coming? Because like, that's the crazy thing about some of these LPs, whether it's Meteora or whether
you're using Hyperliquid. It's like you are, you know, for perps,
we're using, you know, Project X for LPing.
You're earning towards what eventually is going to be
another liquidity event for you.
So it's like sort of using your assets to make more money for yourself
while doing other things that make more money for yourself.
So I think it's an astute kind of way to go about it.
I'll find your tweet
and i will actually pin it to the top of the space i'll send it back to you here in a second but
um but yeah i love hearing how you're putting it to work and um are there you know so is your main
thinking the uses right now so it sounds like the strategy right now is you want to get it ubiquitous
on the timeline and have people talking about it check Check, Wallchain campaign, things seem to be working out quite well there.
So I think that that's obviously a big one.
And then after that,
it's sort of like getting people to use it
and put it to work in DeFi.
Check, makes sense.
You're trying to get that out there.
Was there anything else you want to add
on sort of like use cases there?
Or did you want to kind of put it at sort of like
that's sort of the plan at the moment
and wink, wink, nudge, nudge, wait?
No, I mean, I think the biggest use case and one of the biggest, you know, areas of demand that we'll see for ApeCoin will be on the other side.
What Figgy's building, in my opinion, is just insanely cool.
And it's all going to be powered by ApeCoin.
be powered by Apoint.
Here's the thing, though.
Here's the thing, though.
It takes time and it takes, you know,
iteration to actually build a very solid
creative platform so that, you know,
you compete with the likes of Roblox
and be able to, like, have a huge economy.
In the meantime, that's how I'm using my
Apoint, but I just can't wait to use it on
the other side. Yeah, so long-term
plans certainly out there, and it
feels like, again, feels like
the company itself
is moving in a strong direction there,
which you love to see.
A couple more questions
that I'll let you get out of here.
I know I'm keeping you over for a little bit,
but I appreciate both you joining me this morning.
Any updates on,
so like you had the Solana deployment.
It felt like announcement after announcement,
obviously, you know, Hyperliquid deployment.
How is Solana going?
How do you feel Hyperliquid's gone so far? And then any potential
teasers for what might be to come,
even if it's a very vague one, because we always
love the teaser alphas.
conspicuously silent when you ask for teasers.
I'm so sorry. Go ahead,
Sybil. I was talking on mute.
Go for it, Sybil.
I think, you know what's important? i think solana is massive success uh and hyperliquid is massive success and we
gauge that in a couple ways right we look at of course like mindshare mindshare numbers matter
uh but we're also talking to our partners and we're talking to the chain leaders themselves
and so the feedback that we got from like hyperliquid for example is like
and and like for example lambo land and bobby is that we are actually setting the playbook
right now for doing multi-chain with a token having these deep integrations and uh partnering
with these protocols having a large voice and showing that we're not like we're not doing this
the cheap way right we're doing deep integrations. We're working with protocols. We know how these protocols work.
We get on their DApps.
We create videos which showcase how you can use ApeCoin on these people's DApps.
And some of these DApps may not have even ever had somebody make a video for them before on how to use them.
And so I think this process, the depth that's provided by Raid in itself is a success.
Like I said, the mind mind share has been gaining i think you're going to see apecoin continuing to have a stickier floor as we're
moving towards the future uh and that's going to let us move in an upward direction as we continue
to push bullish deployments as we continue to improve ape chain as the other side continues
to cook which is like we said just absolutely huge something that people are sleeping on is
these nft communities and they're not just eight chain based communities are now putting their 3d
avatars into the other side and we're bringing people together from across these different
chains from across these different ecosystems we have communities participating in a singular
ecosystem a metaverse that is the other side so for me i would engage it as a massive success
definitely not done you're going to see a lot more cool stuff come through on solana a lot more cool
stuff come through with hyperliquid what we're going to do for the future and in perpetuity is
we're going to keep our finger closely on the pulse right crypto web 3 it's an evolving industry
very much on the cutting edge of technology and we want to make sure that if we catch like an early cool
d app for example uh here's a great example steve there's a protocol called your uh uranus perps
right and so it's trading with leverage vx simple idea super cool easy for people right because a lot
of people don't know how to use a purpose protocol and so being able to open a shorter long through
a tweet is great they had a very small following.
I reached out to the founder.
I said, hey, I'd love to get ApeCoin integrated here.
He integrated it.
ApeCoin is the number one traded asset on their protocol.
Day one, they integrated ApeCoin, Steve.
They came in at a market cap of $550K.
That token, two weeks later, is at a $6 million market cap.
So with the reach of the BoardApeYacht Club, the 8coin community, this sleeper protocol has been given a massive voice and an audience and a network of its essentially probably first
100 to 1000 users. And now the token is exploding. And so when we can get into those synergistic
effects, I'm confident we're going to see continued integrations with like the hot new protocols that are coming through. So in the future,
I guess the only hint I can give is,
is that a good one?
You know what that is?
All right.
I got to think on this one.
I got to think this one through.
Uh, but I like,
I like the teaser and it will have me putting my brain in a pretzel and
figuring stuff out today.
I did pin PP man's tweet to the top of the space,
by the way,
if people want to see that great tweet, good ape.. Love to see it. And one thing I'll say before I let you guys get out of here. You know, there is the ApeCoin raid leaderboard. For those who are unaware or maybe not participating or sort of not seeing that, it is a, you know, you mentioned, you know,
eight coin Solana hyper liquid, uh, sort of in the same tweets, it actually, you know,
helps you out quite a bit there and it gets to go to the top. So, uh, it's one of those ones where
look, I'm naturally talking about it. Um, and so it's, you know, it works for me, but I will say
you are playing for second place. Cause again, I, you know, not just to, you know, glaze the guy, but this kid is going to work so hard.
I have never seen like,
And that is,
this man is going,
if you're curious about mindshare about,
eight coin salon,
GM banger space loving here about the eight coin plus a lot of plus hyper
liquid plans.
Tebow is in the club.
we're all playing for second place,
which I'm okay with.
a lot of people know like dude was a, Tebow was a groomsman in my wedding.
So I've known him for 25 years pretty much.
So I am more than happy to get usurped at the number one position by him.
But, you know, look, I talk about things I like.
I don't talk about things I don't like.
And we like the ApeCoin.
We like the club.
And I think last thing, I'll kind of leave it on there,
and then I'll get kind of any thoughts before you guys when I get out of here is that
that concept you brought up
about activating
the Board API Club. I think people
underestimate that
when this club wants to move in a direction
and they have something to cheer around, they do.
Now, look, when they
have something to complain about, they'll complain about it.
That happens too. But when they have something
to rally around and it feels like
you are moving everybody
in the direction of, look, if you
get, if you're in the club,
if you're in the Ape Chain community, if you're in the Ape Coin
community, this is one unifying thing
where everybody can eat and everybody
can work together and you
can point people in that direction. Does it feel like that's
kind of what we're doing here?
It does. Does it feel like that's kind of what we're doing here? It does.
Well, look, let me let you both
get out of here. I'm going to think about that for
hint for, I don't know, the rest
of my day and try to think
about what might be next, but
I have some thoughts
yeah, I have some thoughts now, And yeah, I have some thoughts now.
And I'm actually, I could go a bunch of different directions.
So I don't want to speculate.
And I'm not even Googling something or searching something.
Because I was thinking about someone specifically who uses that number quite a bit.
But we shall see.
But look, appreciate you both coming on this morning
and giving us some updates.
And I'm sure we'll have you on again soon with the next update,
perhaps the one you're hinting to.
Thank you both for joining us this morning.
Steve, thanks so much.
I'll see you at ApeFest, by the way.
Yeah, see you in a few weeks.
See you at ApeFest, Steve.
I hope you come to the pool party
so we can see if you can hold their breath the longest.
Oh, dude, I used to be able to cook in that and yes i am coming to the uh thursday pool party so we'll probably uh try to hit the challenge on that although i might
be out of practice i might need to do some practicing before now and then because i used
to be electric to the point where i'd scare my mom about how much i could swim like like swim
like a you know uh like a like a 40-foot pool
both ways in the direction underwater and stuff.
So it would be a fun challenge to have,
although it might be dangerous for MAPES.
We'll see.
But see you both at AFest.
Thanks so much.
See you, sir.
Love having them both on.
Love those guys.
I mean, exciting times to think about
what we might be cooking towards.
I am going to hit the daily market update,
and then we'll talk about a little bit of the market
and then probably close this thing down around 10 o'clock.
But, you know,
appreciated people who jumped in with me in the late start this morning.
Kind of a hectic 24, 48 hours in my household,
in my life.
So not in a bad way, but stuff going on. But we'll definitely hit the Daily Market Update and talk a little bit about some moving NFTs, some trending NFTs,
and some things we have going on here. No hype, just chains. Moving on, Ape Chain, we bringing the heat. NFTs, best alpha, never miss a beat. Ape Chain on top, now we bringing the flex.
The home of NFTs, because now what's next?
Come on, my Ape Time, buddy, for the silence.
It is time for the Daily Market Update, powered by ApeCoin, the home of NFTs.
Ape Chain has it all, bringing culture, fun, and community to the blockchain.
The home of Project Raid, which is absolutely cooking right now.
Dive in and see why ApeChain is on top.
We'll go ahead and share the screen here and kind of give you some updates on some pricing.
So, look, this one, I'm going to show some of the faves that we have going on.
Bitcoin's starting to actually go green for the first time in a while,
but down about 2% on the 24-hour point.
ETH down about 5%, now below that 4,000 mark
after we probably danced a little bit too much yesterday
saying it was up 4,100, hadn't gone below there.
Solana down another 6% down to that 200 mark after hitting 250,
so definitely hurting down 20% on the week.
Hyperliquid actually mentioned Pengu
being the biggest loser in my portfolio.
Nay, the worst one is Hyperliquid.
Hype in the last seven days down 30%.
It was at about 55, I believe at one point.
Pengu, as we've talked about,
down 25% in the past seven days.
I might be doing a video on that one.
Apecoin down 13%, but down 5% on the day.
Like I said, I have it paired with Hyperliquid. And so it's down about half as much on the day overall.
Looking for my NFT floor price tab to talk about NFTs just a little bit here as well. Talking
about NFTs. We have CryptoPunks down a titch, Bored Apes down a titch, but pretty much flat.
Pudgy Penguins up a titch. So basically kind of holding flat.
Squiggles, send them to zero, man.
I want to get a squiggle,
so put them down.
Moonbirds, flat.
Potentially wondering
if we're going to get a token announcement
from Spencer in a week.
He said it was one you don't want to miss
when he does the event.
I don't know if that was just a teaser.
Lil Pudgy's down a little bit.
Mutant's more or less flat as well.
Lil Pudgy's flat about as well. MeB's more or less flat as well. Lil Pudgy's flat about as well.
MeBits continue to cook.
That was a miss on me.
I looked at them at like 0.7 or something,
and they're up to 1.1.
Not pictured on here,
but I'm going to see if I can find it in the,
is the Good Vibes Club I was talking about.
I don't know.
I saw rumors of like a Good Vibes Club strategic reserve
waiting for the chart to load,
but seven days uh
up uh i believe it's a seven day up about 13 up to almost half an eath it was below uh 0.3 i
believe not too long ago now it's closing on a half an eath so a big play for good vibes club
there i picked up a couple i'm probably gonna swing trade a couple of those along with some
mythics to continue to farm open sea so uh really big opportunity there in the market for sure on NFTs. I think that's got to be my move. And I'm trying to offset. I'm doing some swaps in OpenSea for those who are not doing the OpenSea farming. Swaps help quite a bit, but you lose money on swaps no matter what. That's just how it goes, right? You're getting fees and they're eating the fees and I'm doing that when my LPs go out of position. But in order to offset some of that, I have been
able to play the market just a little bit on the NFT side, which is, you know, I've been,
you know, buying some NFTs, selling them when they've gone up in price. So I've been, you know,
stacking a little more eat there while doing the farm. So a good play there. Maybe if you're looking to play the market on that one and
get cute with the OpenSea farm, the good vibes club, like I said, I picked one up and I'm
already above, I'm in the green on that one. So I'm probably going to make a trade there
to offset some of my losses while also continuing to farm those boxes and move them up.
I'm slowly falling behind. I'm like, I still have, there's two chests above the one I'm on.
I'm on Amethyst right now, and it actually costs twice as much XP each level to go up.
So I'll probably wait until noon today when there's more action and they've released new
missions just because when those voyages come out, I want to be able to say like,
hey, if it's by a $50 NFT, I can can double up i can we move forward and then uh you know flip around and go back up
so playing the open sea farm game a little bit uh there uh for funsies and trying to work on
leveling up those boxes because i am curious about that mystery box i've given my thesis on this show
of that many many times so uh should be a good one but look that said we're about 953 we've done the show for about
an hour and a half today a little bit of a shorter one today like i said uh co-host couldn't make it
but that's okay we ride uh was able to uh and then you know made an executive decision to say
let's start at 8 30 because i want to get my coffee i want to get myself situated i want to
make sure we're in good shape turns out with the uh penguin discussion from what we were hearing
probably could have started at eight and kept going because I think it ruffled the fins of some penguins, the feathers.
I don't know what the correct term is.
The flippers of some penguins.
But it wasn't meant to be FUD or anything like that.
I think people get passionate about their communities.
It's just I think we need to hold the same standard across the board for everybody,
and I think that's what we're seeing.
So just my feeling on that.
We shall see what happens.
But yeah, if anybody has theories
on what the number four means,
feel free to DM me as I try to do my research.
But that said,
let's send everybody off another day.
I appreciate everyone coming through this morning
and bearing with me.
Cap back tomorrow for Reels.
And then next week, I push back.
There is a next week,
a launch that we're going to do for some...
We're going to do this launch
partnership we're doing, which will help us
give away some stuff to the audience
with some fun gamification. On top
of that, I think we're going to do our drawing
for the ApeCoin winners on Show 1000,
which I believe is next Thursday, if I'm
doing my math correctly. So
we were thinking about doing it on Friday
or maybe early next week,
but we got a big show coming up.
So why not put it there?
So we'll give away thousands of dollars in ApeCoin
on show 1000 and should be a fun one.
So that said, we will send everybody off into their day.
Thanks to everyone who came through this morning
and bearing with us and making it work.
Excited to have Cap back tomorrow he will be tan
he has eaten all the sashimi
he is feeling good
and looking forward to seeing him
we will talk to everybody bright and early tomorrow morning at 8am
or maybe 8.30pm Eastern time
as it happened this morning who knows have a wonderful
wonderful day everybody
thanks for tuning in to Coffee with, powered by ApeCoin.
We hope you enjoyed the show, and remember, nothing we discussed today is financial advice.
Until next time, keep exploring, stay curious, and we'll see you soon.
Have a great day.
Welcome to the future. Thank you.

Speaker