Q3 and the start of Q4, we will be sharing a roadmap.
And so definitely getting engagement from the CoinStages community, from the NIR ecosystem,
from the Aurora ecosystem, from the Ethereum ecosystem is a very important part.
That's why we're engaging with the Gitcoin communities as well, right?
We want for everybody to have a say and have an impact in how the protocol moves forward.
Decentralization is a very important aspect that we want to champion.
Everybody's working towards it, but nobody has achieved meaningful results, right?
I think the example of MakerDAO co-founder Rune coming back into Maker explains this very, very openly, right?
We need your help in order to shape it.
And more importantly, we need your contributions as well, whether it be delegation, whether it be proposals,
whether it be participating in ambassador program, right?
And so because we need to shape how we share the new insights into what we see as the future from our part, from our point of view.
But then again, having other points of view and diversity be included is something that is in the to-do list and very close to our everyday activities, right?
And we're working hard every day, right?
For example, we're going to be onboarding the Brazilian contingent in the next couple of weeks, right?
We want to be very active in the Brazilian ecosystem.
We believe that that's an unaddressed market.
We believe that that's going to be a source of growth for any protocol, any decentralized protocol in the next coming years.
And so we want to be really very proactive, proactive in the funding, proactive in a reach out, and proactive in onboarding new proposals and ideas in order to improve the protocol itself, right?
And so that's something that we also want to open up a developer working group, but we need your help to shape it, right?
There's only so much that we can do as a team.
We're a team of 17, 18 people, right?
Full-on distributed, but then again, it takes the ability to build a sustainable protocol, and we need your help in order to do that.
So thank you very much for the question.
And because we have passed the first session, let's move to the next session, which is a question from Twitter.
Are you ready for this session?
The first question from Hyunjung, and the question is, the New Digital Collective introduced a new approach to governance.
How does Metapool ensure that the collective's decision aligned with the broader interest of the near community and ecosystem?
Thank you very much for bringing the Near Digital Collective into this, right?
So just first and foremost, I'm not running for any of the positions in NDC.
We've put in forward two proposals or two candidates.
One is my co-founder, Lucio, which brings more than 25 years of experience.
He's more, I think, maybe 30.
Yes, we do have gray hair.
So, and then also Alan, Alan Estrada, he's the one leading the Metapool DAO initiatives, the ambassador community as well, with the help from Brian that you see here in Francisco.
So I think something very important here is to understand that it's in also, again, right, we're at a very early stage in testing governance.
And right now, what they're putting forward, it's governance for managing the treasury of the near protocol.
So safe to say that's a very aggressive and very daunting task in the sense that there's a large amount of near being right now custody by the near foundation.
So their focus is how can they decentralize that?
NDC is the first proposal.
I think it will be an iterative process, and we need to be part of that because at the end of the day, it is in our best interest for near protocols governance to be healthy, for the near protocol governance to be full-on decentralized, permissionless, and that diversity is included into that, right?
We want for emerging markets to have a voice, and that's why we're putting our candidates forward, right?
Even though we know many of the candidates that are making proposals to be in the House of Merits, in the Council of Advisors, and so definitely for us, we need to be part of that, right?
It might seem like a distraction.
It might seem like that's a little bit too much, but then again, that's how you build decentralization into protocols, right?
Do we want the future of all underlying protocols to be run by foundations?
I believe that's not the way to go, right?
And we've seen the challenges around them, and so I say we're at a very important part of history being made here, but then again, history was not made with, how can I say, all rosy and with no challenges and without making some mistakes, right?
And so we want to help in every way we can, and so that's why Metapool has put in forward two candidates for the Near Digital Collective, right?
And so it's part of us also understanding where Near Protocol is heading, not only on the tech side, because there's humans behind all the technology being made.
There's organizations, and we're hopeful that a DAO can participate in the NDC, right?
Yes, it's an individual, but there's a DAO behind it, right?
Hopefully in the next Metapool improvement proposals, we can actually, somebody can select a proposal for the next candidate for NDC, right?
And so representing Metapool.
So I think that's pretty doable, and I think it will be the first, right, where an on-chain, how can I say, proposal, it's been voted to elect a representative for the protocol, right?
That is not from the core team.
And so I think that should be a possibility in the next six months when elections are done and when version one of the NDC is confirmed, right?
And so anyhow, hopefully I answered that question.
Okay, thank you, Mr. Claudio.
And next question, the question from Pratikul, and the question is, multi-chain liquid stacking, how does Metapool achieve cross-chain interoperability, allowing users to stack tokens from Ethereum, NIR, and Aurora within the same ecosystem?
That's, yeah, it's, well, I need to give a shout-out to the development team, right?
I see some, someone's, I see Lucas here, who's our PM.
Then we have Sergio Kun, who's there here also in the audience.
There's a couple of folks more from the team.
I cannot see everybody, but definitely this is the magic behind having such a diverse and, I'm pulling my own leg here, but outstanding developers, right?
We have, like, top-notch developers, and that's helping us launch on several multi-chain proof-of-stake protocols, right?
A little bit of alpha for folks here.
We will be launching soon on a not-very-well-known blockchain, but that's happening in around five to six weeks.
We're very bullish on it.
We believe that there's a lot of opportunity for new L1s coming into the ecosystem.
We're also looking into Internet Computer Protocol.
And then we're also looking into Arbitrum, also Optimism, and now Base as well.
But how do you keep the interoperability?
Well, first, you need to have a diversified team in order for the core team to maintain it, right?
And here's where excellence in their trade, in this case, software development is really, really outstanding, right?
And we have, like, a top global developer team that can change from a Rust-based stack into a Solidity stack with a lot of ease, right?
And so that's how we keep the multi-chain interoperability.
And more importantly, we have great partners that are auditing our code, right?
We have a bug bounty program as well.
And so that's very important.
We understand that we do not consider ourselves experts.
We're just good developers, and as any good developer, we're an eternal student of learning, right?
And so in this sense, I think the team that's led by Lucio has done an excellent job at keeping the standard way up.
And more importantly, we have a way to showcase what we built, right, having a GitHub repo for the code to be open source as well, and for anybody to have a look into it, right?
And so I think those are key components that allow us to maintain interoperability for multi-chain proof-of-stake liquid staking.
I muted myself before saying yes.
I'm ready for the next question.
The next question from Moctrain, and the question is, what are MetaPool's goals and focus for right now?
And what problem have not been solved so far?
And why should we choose the MetaPool project over other projects?
Yeah, so one important aspect is right now, and me being putting everything on the table, right, liquid staking is a commodity, right?
It makes, there's little, very little difference.
Of course, there's key differences, right?
If you go and select, for example, RocketPool to go and do your staking, of course, RocketPool has an immense amount of liquidity.
It is supported by a lot of lending and borrowing platforms.
It has pools in different DEXs, right?
It is tradable on centralized exchanges as well.
And so I think that's their value proposition, right, of being first to offer liquid staking on Ethereum, right?
That's answering that question over on the Ethereum side, right?
How does MetaPool is different from any other protocol?
For us, we're supporting, we're community-driven, right?
I know that there's always this narrative around DGENs, right, and the APY and the returns.
I think that's an important aspect, but it shouldn't be everything around it.
I believe that we have an opportunity here to create a protocol that will have impact in communities,
because we believe right now that liquid staking tokens will be at the forefront on how individuals online can create a savings account.
And a savings account that is accruing in value through the underlying native protocol, right?
Because this is where the real yield starts to, narrative starts to get to reach a more broader audience.
This is where and why during Ethereum number, I openly said to everybody, right,
we're building solutions not for Western countries, right?
We're building solutions for emerging markets.
And this will continue to be our narrative.
And this is where we will continue to focus, because this is where true impact will be made, right?
Because if you are asking somebody in Argentina right now that is currently facing 120% inflation,
yes, that's one, two, zero.
For them to save in Argentine pesos makes no sense at all, none.
Your money is worth less by the hour or by the second, right?
That should be kind of like an interesting proposition, right?
Go stake and see your ETH near and Aurora being accumulated every second, and then compare it to the Argentine peso, how it's devaluating every second as well, right?
And so this is who and why we're building Metapool, right?
We want to make an impact in those type of communities.
And so this is why you would be staking with Metapool.
If you're interested in having an impact in emerging markets, if you're interested to support a DAO-run liquid staking protocol, then we are your ticket, right?
We believe that that's something that nobody else can really, really offer.
Yes, it's on near protocol, but at least it's on-chain, right?
And it's on a top blockchain, even though some naysayers say that, yes, near is dead and whatnot, there's still a lot of builders here, right?
So don't let price action fool you into thinking that the builders have left, right?
We're going to continue to build because we have the technology to do so, and we have the knowledge and the hunger to do it as well.
So in this sense, this is how we make our difference in the world of liquid staking, right?
And we have other stuff underneath as well, right?
So there's more to it than meets the eye.
But anyhow, so that's our key difference.
Let's move to the next question.
The question from Nuri Pothor, and the question is, as MetaPool plans to expand to Ethereum and more chains, how does the platform intend to maintain a consistent user experience and feature parity across these diverse blockchains?
Again, this is more of a technical question, right?
There's two answers to this one.
One, of course, liquidity.
I'm not saying that this is going to be a walk in the park, right?
And I do come here with a very humble, right, in the sense that I do not expect this to be an overnight success.
We will continue to build.
It will take us two years, three years, I don't know, to come at a level where we can definitely say we're a player in the Ethereum ecosystem.
Hopefully, we will be less.
But then again, I don't know, right?
So there's a liquidity aspect.
Yes, liquidity is very hard to find right now on a bear market.
We believe that onboarding new, this 1 billion users is going to be a key part.
And we will have some initiatives around that.
That's why we're supporting Gitcoin and the builders from emergent markets.
I believe that that's going to be an important factor for it, a determining factor for adoption.
This is a technical question.
Right now, we have a pretty solid team, right?
Now, the key question is, can the community also build on top of it, right?
And so here is where interoperability will play a very important role.
I believe the blockchain operating system will enable Metapool to have a decentralized frontend for all liquid-staking platforms, sorry, proof-of-stake blockchains that we support.
And then, can governance also be multi-chain?
For the moment, that's not an easy question.
For right now, governance is on near.
But we will work hard into making that a reality, right?
And so we will push the boundaries on what the technology can do, because that's why we're here building on top of Web3.
Okay, thank you, Mr. Claudio, for your answer to our community.
And let's move to the last question.
This question from Kevin.
And the question is, for Metapool, what is the importance of education and awareness in driving the widespread adoption of decentralized technologies in Latin America?
How do you plan to address the challenges you face in this region?
Yeah, so again, right, it's just where it takes a village, right?
And making those, making, creating a strong network of builders, creators, founders, developers, designers is an important part on the strategy moving forward.
We cannot reach out to them alone.
And so, and this is in the sense of having an ambassador program, partnering with platforms and communities to make proposals to the Metapool DAO, partnering with Gitcoin.
So I believe that it takes a village, and I believe that it is important for us to have the open mechanisms in order for people to be part of the Metapool DAO.
And so, first, we're onboarding Latin American projects, but we will not stop there, right?
We will definitely work hard to bring in more people from Southeast and Northeast Asia to be part of the Metapool DAO.
We have very good partners in Africa with the Kenya, near Kenya hub as well.
And so, definitely Africa is in that list as well.
But we need to be mindful, right, that not to not spread ourselves too thin.
And so, right now, we're starting with Latin America because we share the same language.
Then, definitely for Gitcoin Grants 19, there's going to be a very important partnership we will be announcing in order for us to also reach out to North and Southeast Asia,
allowing more people to build common good projects, common good software, and tooling around DAOs as well.
And so, that's up and coming.
Look for that a little bit for NearCon or DevConnect as well.
We will have a lot of announcements there.
We're saving the alpha for the very, very last part of the year.
But anyhow, please bear with us.
We will be sharing as we go in different community events.
And actually, there's one that's happening next week, right, that I want to make a shout-out to everybody.
I think if you go to our Discord, you'll find there, and also to the Metapole Improvement Proposals post,
there's a link there just for us to showcase what's up and coming, right?
We want to have that open conversation with everybody.
And more importantly, for everyone to understand how they can contribute,
which I think it's the very, very important and critical aspect of having a DAO.
If you have a DAO and you do not have the means for people to reach out and make proposals,
then you're just a DAO with a silent D and an A, right?
We want to make people reach out to us in a permissionless manner.
And that's why we launched the Metapole Improvement Proposal component on the NIR blockchain operating system.
And so now anyone can go and read the comments, go and make a proposal.
Yes, it will require for you to have a NIR wallet,
but then we're working on account abstraction in the next couple of months to have that ready for Ethereum ecosystem to also be part of it.
So anyhow, just keep on building.
And it's just getting feedback straight from the community is going to be an important factor.
Thank you, Mr. Claudio, for answering the question in the second session.
Okay, it doesn't feel like we have already gone through the session.
And let's go into the third session, which is the last session in our CoinStage AMAX space this time.
For the last session, I have two options.
You randomly select the winner or you need my help.
Of course, you're the co-host, so I'll lean on you.
Okay, Mr. Claudio, for the last session, I would like randomly select an account as the winner to ask you questions.
And then you can answer a question from five selected participants.
For the first winner, I choose an account.
Please ask a question about Metapool.
Metapool or you will be eliminated.
Just unmute your mic and ask your question, Banker.
Thanks for bringing me up.
So my question is in respect of your DAO.
So what qualifies users to participate in the Metapool DAO?
And also, what kind of votes can be carried out?
So definitely to participate in the DAO, it is pretty straightforward.
First and foremost, you will need access to the governance token Meta.
You can go to a decentralized exchange, either Reff Finance over a new protocol, or you have TriSolaris over in Aurora.
We still don't have Meta on the Ethereum blockchain, that's still pending, or you can go directly to Mexi to get and buy Meta from the market, right?
That's first and foremost.
And so with that, you can go to the section called Vote on Metapool.app, and there you will have a section where you can generate voting power by locking that meta.
And then there's just right now, currently, there's two options.
You can start to vote on the different validator nodes to allocate delegation of NIR, and that's in the section called Validators.
And then you have another section called Initiatives, where you will see a bunch of a list of proposals being brought by the community and vote for that.
And then a third one, which is a little bit more, that requires a little bit more work, is that you go to the governance section in our Discord, or in our Telegram group,
and you initiate a conversation with either Brian, Francisco, or Alan, and then ask them, hey, I want to solicit a proposal, right?
And then you will fill up a Google form, and then you will do a – and it's not in a permissionless manner.
Right now, there's a whitelisting for proposals for initiatives that are going to be listed.
But now that we launched Metapool Improvement Proposals, you can go ahead and participate through the boss component, right?
It is a little bit of a – we do require a couple of things for the account that's going to solicit a proposal to have at least five NIR being staked on Metapool,
and then to allocate voting power as well, right?
And so just go to the information that we just posted there, to the link.
But anyhow, do reach out to us.
The fastest way is reaching out to us on Telegram or Discord, just stating in the channels for governance that you want to participate in it.
And I'm sure there's plenty of ways for you to be part of it, Banker.
Thank you very much for the question.
Thank you for the clarity.
So thanks to your projects.
Appreciate the kudos, my friend.
Let's move to the next winner.
For the next winner, I choose an account.
Salini, please ask a question about Metapool.
I think that the account, did the user come in?
Come in, into speaker mode.
I think he, she, or them have not accepted it.
So we are looking for another account.
For the next winner, I choose an account, HotPizza.
Hello, please ask your question about Metapool.
Go right ahead, HotPizza.
And I see that there's a familiar avatar there.
So my question is, what reasons are you currently focused on global expansion?
What are the most Ambrosia's glows of your project?
Can you share with any upcoming updates and future?
Thank you very much for the question, HotPizza.
So there's three questions in there.
It's, we're focusing on emerging markets.
Right now, we're doing a big push in Brazil for the next couple of months.
Yes, we will be tweeting it out in Portuguese.
So it's going to be a little bit funny there.
We're not going to be creating separate accounts just to keep it spam friendly as well in the sense that
hopefully no impersonators are going to be creating fake accounts.
But anyhow, you never know.
And so for us, Brazil is a very important market.
We're going to go ahead and create a very upfront campaign for that.
Then on November, we have Gitcoin Grants 19.
We will be focusing again in a LATAM round and also on a near, sorry, Southeast, Northeast Asia program.
And so definitely be on the lookout for that.
Of course, Vietnam is very close to our hearts because a lot of our users are there.
We have Malaysia as well.
And we have Philippines as well.
So any Filipinos here, shout out to everyone here.
So definitely that's kind of where we're heading around global expansion.
Where we're heading, as I said before, we're exploring different blockchains, right?
Internet Computer Protocol is one of them.
Arbitrum, we have also Optimism, Base.
Definitely, we're going to be launching on an EVM-compatible network soon.
I cannot disclose the name right now just because of an NDA.
But definitely that's up and coming.
I'll be on the lookout for that.
And that's in the next couple of weeks.
And so for us, EVM-focused, Rust-focused is going to be the call.
And hopefully two or three new blockchains in the next couple of months.
So really keep on building.
And like I said before, we have a top-notch developer team that is a key in allowing us to onboard as much proof-of-stake protocols as we can.
And so anyhow, so hopefully I answered your question, Hot Pizza.
And ready for the next one.
Okay, let's move to the next winner.
For the next winner, I choose an account.
Please ask a question about MetaPool.
I just want to know how your liquid sticking was the minimum requirements for the liquid sticking.
Thank you very much, Tokyo.
You saved me on that one, huh?
So I'll give you 100% in the heart for that one.
And so because – and here is the key thing, right?
When I said we're focusing on emerging markets, I'm letting the protocol do the talking for us, right?
And I'm not talking about the DAO.
I'm talking about the staking itself, right?
Right now, of course, staking on EAR is quite inexpensive, right?
You don't pay a lot of fees.
But what about Ethereum, right?
So in this sense, we are doing something quite good.
We're allowing anybody with ETH to stake on MetaPool for – and the minimum amount is 0.01 Ethereum.
So it is still – I'm not saying it's cheap, right?
I know for an emergent market, $16 or $17 or $18 is a lot to ask for.
But if you look around on all other liquid sticking tokens platforms, they require four ETH, right?
And so I think that's a very important factor where creating – enabling citizens or users to be sovereign individuals of their digital – of the digital value they create online is critical.
And so that's the minimum amount, Tokyo.
Thank you very much for the question, man.
Okay, let's – two winners left, and let's move to the next winner.
For the next winner, I choose an account – joker.
Please ask question about MetaPool.
Hopefully, you can get this point.
Joker, if you can ask the question again, please do so with your mic.
The challenges you've been facing during this market.
So first and foremost, right, one of the key challenges, of course, is liquidity, right?
We've seen – and this is also being putting everything on the table, right?
We've seen liquidity decrease quite a bit over the near ecosystem and the Aurora ecosystems.
And so that's been a challenging on just keeping momentum there, right, for liquidity to – for our collaborations with DEXs, with lending and borrowing platforms to be healthy.
That's a key aspect right now.
So that's something out of our control, right?
Because if people feel the FUD and they get scared, then I cannot blame anybody from taking their digital assets elsewhere or moving them over to stable coins, right?
I think there's a lot of uncertainty right now in the markets.
And if people want – and the way that people hedge is reducing their risk by reducing their exposure, then I totally understand them, right?
And so that's the key challenge we face.
Now, on a protocol side is our governance is quite – still in a very early stage, right?
And we're still figuring it out.
We will be revamping our tokenomics in the next couple of months as well just to understand that we're still building this, right?
It's not a cookie cutter.
We still have a lot to learn.
And so in this sense, we definitely are looking forward to collaborate with the community to shape it in order for us to understand that we continue to drive value for users.
Because that's first and foremost our goal, right?
Putting proof-of-stake token holders front and center of everything we do and every engagement in order for us to allow the value creation to be retained as much as we can for the users
and for them to also help spread this value to other community members or protocols in the ecosystems.
So that's the key challenge, liquidity and then governance and having a community-led platform and building a community-led platform.
Thank you very much for the question, Joker.
Let's move to the last winner.
For the last winner, I choose an account.
Please ask a question about the pool.
Yes, we can hear you loud and clear.
Can you tell us the utility use cases of your native token and can you tell us more details about the token mix that we want to know about?
Thank you very much for the question, Broly.
So definitely here, yes, we're revamping our tokenomics in the next couple of months.
We believe that right now we did a very good first experiment of distributing all protocol fees through users that are participating in the governance,
either through making proposals, either through making proposals, either through making proposals or voting for validator notes.
I think it was a very good experiment.
We felt the effects of it, right?
And last three or three months ago.
So now reality is what we're facing right now, which is challenging market conditions.
The utility for Meta is always going to be governance, right?
That means, in this case, for users that are allocating their voting power to get a percentage of the protocol fees from the staking rewards,
also to redirect the delegation from the from the delegation that the protocol has.
Right now, there's no way to redirect that delegation over an Ethereum.
We need to work on that one.
But then again, we'll put that we'll we'll hopefully a community will submit a proposal and then we can discuss moving forward on it.
So that's one of the key things right now.
That's the utility for our governance token Meta.
It is first for users to vote on the allocation of distribution of NIR to validator notes on the NIR network.
Second, to enable users to vote for proposals that are soliciting funds from the the MetaPool DAO.
And and that's about it for now.
I'm going in a full on automatic mode.
So we just released MetaPool improvement proposals.
That means that we are enabling on chain discussions for for improvements to the MetaPool protocol.
And so that's everything on chain.
And that's the third utility for Meta.
You solicit voting power and then you vote for proposals on the NIR blockchain operating system.
Thank you very much for the question, Brawley.
There are already five winners.
Thanks a lot for answering questions from our community, Mr. Claudio.
Yes, thank you very much to the CoinStations community for this AMA.
And thank you very much, everybody, for participating.
I see some familiar faces here.
So a shout out to each and every one of you.
Jared from Ready Layer One.
Thank you very much for coming in.
Skylar, Shirley, Shock, Tokyo, very much for your questions.
The Ready Layer One podcast as well.
We'll see Unrobot from the Spanish-speaking community, DAP, from the Chunk Only Producer
Thank you very much for coming here.
So Leon M from the community as well.
I think Max One was there as well.
Gem, a lot of the ambassadors here.
Ask questions about how it is to be collaborating with Metapool.
And hopefully we will see some of your proposals soon on the Metapool Improvement Proposals boss
Thank you very much, everybody.
Stay safe and have a great day.
Before we close CoinStage AMA X-Space project, I want to remind again, please follow our account,
CoinStage and Metapool account on the X-Discord website and the others.
And this is the end of the CoinStage AMA X-Space.
As a human being, I realize that I can't avoid the mistakes.
You did an excellent job.
Thank you very much, everybody.
And see you on the X-Bases.
We get in touch in Binance Live, too.
Thanks a lot for your nice attention.
And may you have some critics or suggest for CoinStage.
Feel free to accept them.
See you next time, everyone.