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Community Call
Recorded: Sept. 21, 2023 Duration: 1:35:00Space Recording
Full Transcription
please let's go sir so for the last 24 hours carbon wasn't getting any rewards on the alliance so
you know the whale stakers on terra they were getting significantly higher apr now now carbon
is back again but for around 24 hours we were getting 100 of the alliance rewards so there
should be some extra juicy stuff there and obviously yeah do you know what happened do you
know what happened there um i assume some some oracle issue pretty pretty i haven't digged into
it but it feels like an oracle issue to me but on another note so i don't know if you guys saw it
i posted it just sneaky sneakily in the discord how the rewards um the reward weight is going to
change over time so i said it's going to increase around 10 so specifically it's 9.26 percent every
friday for 26 weeks straight from 0.03 percent to um 0.3 no from yeah you get this from 0.3 percent to
three percent and we're just getting started and if you look at the numbers you know it's going to get
crazy the further it progresses like really really crazy with the rewards and if nothing changes like
prices stay same you know carbon gets the same amount same ratio everything normal then we'd be able
in by the end of the year to stake the full circulating whale supply on terra and still earn
20 percent apr now obviously that's not gonna happen so let's see what does happen i'm also rooting for
really strong a terra revival um you know i hope though you know it comes back because if luna goes
to a dollar and you know a dollar was nothing for luna remember you know a couple of years ago
then the alliance rewards grow with it so if luna were at a dollar right now we'd be raking in i think
60 or 70 percent apr so and then still it's almost going you know 9x over the next five months so it's
it's going to be crazy i believe fingers crossed
i mean i i'll just give my my amen to that you know if at the current trajectory if you look at the
numbers and if you look at the amount of whales staked and the rewards the percentage and the
the growth rate um and the increase of the of the alliance rewards the way that that terra designed
it something has to give right something's got to give either be otherwise that yes our entire liquid
supply will be will be staked on alliance right so either our price has to go up right um
eat or or something something needs to give you know it just it it doesn't you know it doesn't work
otherwise so it'll be it'll be very interesting to to watch it play out and you're right you know
if luna pumps that that increases the aprs all the more right if if luna if luna price goes up
and then if the price of whale goes up our share increases in alliance because the dollar value that
we're emitting to terra um it goes up so our share of that pie increases so it's um there's some
there's some pumpamentals at play with uh with the alliance module for sure i think um i i think we're
going to have what you know we we should cross over 30 million staked 30 million whale um state to
terra in the in the next day or so the at the rate we're going you know we're going to see 50 million
i think 50 million whales staked staked on there in the near future i think that's the that's kind
of the next the next threshold in my opinion so um that's a lot of whale it's a lot of whale stake
there it's almost 10 of the total supply no 50 million yeah so i think we're at 580 or 70 million
whale or something or 80 i don't know um so we're we're i think at we just crossed 10 percent of the
circulating supply and around 5 percent of the total supply in alliance right now and if a factor in
the whale you know all the community members still reaping in the the white whale protocol rewards you
know on the different chains you know that's a totally different dynamic at play dynamic at play here
which with its own flywheel effect you know think of the sale program and you know the right teams
building together that's completely separate from this um so yeah lots of whale moving around lately
well with that bullish introduction uh i think we can get going here um so welcome everybody to the
white whale weekly community call uh if you're new to our community you can find all the critical
information through the link tree in our twitter profile and we invite everybody to join our
discord and participate in the live discussions the channel is called community calls uh in the
community section uh you can find it in the community section basically um and without further ado
let's dive right into the market data so whale price um stands at 1.4 cents with the market
capitalization of 3.9 million and the social data shows 16 followers less on twitter form members more
on telegram and eight people less in our discord and before i hand it over to sancom who will give you
even more bullish alpha uh let's retweet the spaces with hashtag right away so so the word gets out here
and as many people join as possible and with that sancom uh keep the bullishness please
i i i can't can't promise you anything here um but yeah um hashtag right away very important let's get
this thing going and i'm just gonna throw it so i haven't discussed this with anybody um with sebastian
or anybody on the white world team but i'm just gonna throw it in here i think the the migalu foundation
should market by you know a handful of migalu whales when they drop and just i don't know 10 20 ish
and then every time we do a community call we do a giveaway just for fun and giggles so i'll leave it at
that sebastian maybe you want to comment before i um continue well we'll see if jg lets us on the on
the white list he's a pretty uh he's a pretty fierce gatekeeper
so we'll see if we can get if we can get the foundation white listed we'll see
nobody's getting past jg on those we might we might have to jump through some we might have to jump
jump through some hoops we might have to mint some some b whale
all right no but i yeah i i think that's a good idea i i think it's a good idea maybe
you know do some some interactive things here giveaways on these calls you know i i think that's
cool you know so let's do it lfg awesome cool all right so we we talked about alliance already a
little bit um i don't think there's anything else we need to share on that other than take a look
at the numbers i posted in the discord it's it's pretty crazy i feel like um governance wise there
is also no major updates at least from my end um juno thing is no more and we're cooking a couple of
things in the background but nothing that we can share share right now so obviously we're still
trying to you know onboard more chains into the sale program um but if there's you know if you guys
happen to be in any of the community or or any other community as well and believe they they'd be a
great fit um don't hesitate to make an intro or make us aware of that chain so we can approach them
um but otherwise sebastian do you have anything on governance
no nothing on governance sir all right then let's dive into the ecosystem so
migalu v3 is almost there um the the code is as far as i can see it is ready um so fingers crossed
we'll be doing an upgrade um end of september early october so we might we might actually postpone
it a little bit post cosmoverse because a lot of people won't be here and we don't want to strain
the lollidators too much but um it's coming like soon um quote unquote um so that's good
it adds packet forwarding middleware so tfm will feel a little bit more seamlessly
it's also a great feature for our bot builders for the interchain arbitrage bots
then we have ibc hooks which allows us to build more cool cross-chain smart contracts
and interchain queries same thing more cool cross-chain stuff
and on the whale side we have two two exciting um things to share here so first of all um the code
for backbone labs you know the the request regarding these perpetual incentives basically providing the
grave diggers and interface to our incentives so that they can have this perpetual you know this
this flywheel effect they've been talking about for so long um the code's ready and we're about to
and we'll likely deploy it during the course of next week so then it will be on mainnet
and it will allow um the grave digger and backbone labs and pfc to integrate with it and then direct
a part of the grave digger revenue as external incentives to the token b token pool maybe the
lunar bomb lunar pool maybe the chihuahua beach chihuahua pool um so that that's very exciting it's a
next um you know next gear in the machine let's start it's that's gonna start spinning soon
um especially since you know this is perpetual incentives so on every chain where the grave digger
is with any meaningful sort of liquidity there will be serious um incentives to grab and you know
people will ape in they lock their tokens there's more liquidity people um will have to you know claim
the token so there's more on-chain activity so all in all um pretty cool stuff coming on on that
front maybe sebastian you want to comment here real quick i need to open the door
um i don't know that i have a comment on that specifically i i will throw in just a couple
other things um while i have the floor so we just uh re-upped the incentives um for the whale usdc
axl usdc pool on um on terra so people were asking about that because i think they expired a few
days ago so we put another 300k whale on there for the next 30 days um we do plan on continuing to
incentivize that pool until um until we migrate the liquidity um you know and and get get whatever
we want the primary pool to be on migaloo our our primary whale um stable pool on migaloo and get
that sorted and decided and and ready to go but we'll continue to incentivize the whale xl usdc pool
um for the time being and and at that time we will unlock everybody that's locked um on
on the the terra pool um the next thing i i will say oh it looks like sencom is
oh oh oh sencom's asking yeah he's already up a speaker sebastian remind me the time period
of the 300k whale um is that one month yeah it's one month that's for that's for the next
all right all right sencom i don't know are you back do you want to continue i'm back i'm back
just someone ringing the bell and then twitter twitter rocked me so business as usual i guess
um yeah next thing the second thing um leap snaps so um our mobile version i know everybody's waiting
for this and i have to you know hold tell you guys to hold out a little longer but um upgrading
to mobile is from a technical perspective it involves two two intermediate steps so the first
is we need to um integrate a new wallet abstraction so i don't know i think a year ago we we built
our own solution so we can integrate with more than just one wallet for example station and kepler
but now we had to shift to a you know a different solution here away from our custom solution to a
you know other solution cosmos kit if you happen to know this and this took some some serious
engineering work and this was the first step in upgrading to mobile and it's done now so
and while we were doing this we thought hey might as well get leap snaps in there because
you know using the decks with metamask is pretty neat so um that's life now and the mobile version
so you know if you open it on on your phone and it's a different ux ui um that's also pretty much
done so we're it's all about just you know testing it and you know getting rid of the last
bugs and kings so that should be out you know rather sooner than later now that um we did the the wallet upgrade
and i think unless you have something on this sebastian we can go yeah just a quick comment on this um
so i think the cosmos kit integration is um is a bigger deal than than most people think um you know
one thing that it's going to do is so we replaced kind of our own um our own abstraction layer that we
we kind of you know hacked together um to be able to connect all the different wallets in the cosmos which
is which is a pain in the butt to to be to be frank so with the cosmos kit i think you're going to see
um you know a little bit snappier ux you know one of our main issues when we talk about front end bugs
and just um the app not not being snappy and um crisp was um you know was the wallet connect features
right they were they were just messy and that was because it was our own abstraction layer so now with
the cosmos kit um we should you should see an improvement in the in the whole wallet connect
experience so that's um you know i think that's worth note
a hundred percent and yeah um mobile is cooking so i think that's that's going to be another
major box we're going to tick soon and i i know rami you've been you know coming up here every week
ever since uh telling us to integrate mobile and i can just say we're on it and we just had this
you know large upgrade of our existing code base a couple of days ago and now full attention on the
actual mobile stuff which shouldn't take too long because we we worked on this in parallel and the
mobile code is is pretty much done it's just about you know testing things before we roll it out
all right jg how do you respond to the migalu foundation aping in into the migalu whales
i mean i can't give financial advice but you know what i mean i'm i'm i mean i'm i'm buying i'm i'm
minting this thing for sure i like the system that we have established for the backbone labs and i'm
you know not only the president but i'm the user of the product what is it like hair club for men
remember those commercials i'm not only
anyway
you're the president and the chief chief spokesman
never get high on your own supply you're welcome
okay so let me give some updates so basically hey hey hey jg before before we did that um why don't
i'm gonna throw the floor to vlad we got vlad here from tfl not sure if you have a specific update for
us or what you wanted to share but um let's get him let's get him through here um and then we can move
on hey yeah i got a couple minutes before i gotta hop off to another call um but i just wanted to let
you guys know that enterprise cross-chain is very close to being ready um and so we have a couple
like huge users on enterprise that use white whale to manage their funds one of them being actually uh
jg with backbone labs um you know they partnered with aris to be able to supply lp um of luna be luna
and and amp luna to you know white whale pools um and the way they have to do that right now is
kind of complex so they have to like take custody of assets and send them over um and enterprise
cross-chain is going to make that a lot easier where um dows are going to be able to have cross-chain
treasuries that they can control directly from the enterprise web app but for that we're going to need
um ibc hooks on white whale so that they could do that we can easily integrate when do you expect
to have that ready
so um depending on when we schedule the the upgrade um
either before cosmoverse or um sometime after it i'm tending towards after to not put a strain on
the validators who are um out there so um shouldn't be too long awesome good to hear guys
yeah that's great we're very excited we're very eager to get uh to get enterprise integrated
so um you know we appreciate the updates and we're we're looking forward to it
and we'll do we'll we're doing our part
thanks guys i gotta hop off but appreciate the update
thank you sir appreciate you stopping by
all right jg the floor is yours sir give us the alpha give us the alpha on the migalu whales mint
we're all waiting we're all excited to hear what's the what's the deal
okay okay okay okay all right so wait hold on hold on hold on let me uh let me let me preface some of
this right so so we're we're in basically the same phase as you know you guys are in and it's this
cosmos wallet connect upgrade we're pretty much ready to go on all fronts but we've also been
uh you know changing our whole abstraction layer and and getting all that we're in the same phase
right we have to have a smooth wallet and the we were using shuttle port and it's just becoming
problematic and so that's our barrier right now but i i you know this is something that we're
hammering through and uh i believe and we know we plan we're saying right now we're gonna mint
on sunday on sunday we're gonna mint this sunday and uh the prices for the guaranteed whitelist are
1400 whale the non-guaranteed whitelist phase two is 1700 whale and the public mint is 2000 whale
and uh the art oh i think i sent um a send com can you can you send that link i sent you a link
to send to um the host so he could pin uh make a make a tweet about it maybe if you want uh there's a
or i can make a tweet and then we can pin it if you want but um yeah let's do this uh do you see
what i'm saying do you see what i sent you uh so tarantino made us uh a little art gallery amigaloo
whales art gallery and uh we have some of um a good amount of the art up for to view of some of the
the samples that will be minted uh from what's been created and i you know it's pretty weird it's
you know i never really you know you don't really see nfts on like a wall setting very often and
and only a couple times have i really played around in these virtual spaces but i think it's
really cool uh what the feeling it generates personally but uh but yeah so the mint the mint
the mint so sunday we're going for sunday i'm going to say sunday's a day if we feel confident that we
will overcome this uh wallet connect um upgrade and uh everything else is pretty much good to go so
we will make like a timer or a counter and uh we'll set up a way for people to be aware of this
this is probably the biggest event in the the migaloo ecosystem or the whale ecosystem
this month by far i think it's gonna be pretty pretty pretty huge i mean i can't even tell you i'm so
excited we're so excited like this is something that you know we've been man this means so much
to me right like i i really believe in this system i think that you know every time we replicate this
system with a grave digger and uh it's fused on you know the white whale dexes i really think that
we have like a winning formula here you know do you talking about winning formulas here i'm still
you know i'm baffled that you're you haven't still you still haven't shared any of the tokenomic
details besides supply and distribution of the sole token because i'm not going to share any specific
but it takes what backbone labs has and combines it into really i'm telling you guys when jg and i were
talking about this really the goal was to make how can we make backbone labs not only an lsd provider
and you know an nft marketplace which in itself is already a lot you know cross-chain liquid staking
cross-chain nfts that's already a mouthful but how can we make this into a huge ecosystem
and the sole token is gonna is gonna facilitate that that's pretty wild i know i'm so excited like
we haven't even been able to like buckle down and like write out the long form we've only like
sketched out like the ideas behind the tokenomics but you know i think with this low supply because
you know we can talk about this 10 million token it makes it a much more interesting dynamic and
especially if it's gonna be you know this ibc fun token factory token that's now we want to make a
real store value that's kind of what it comes down to so we will lay out the plans for for what that
becomes and and one of the things that that i find you know um problematic when it comes to nft
marketplaces right now is that oftentimes they are um the the prices of the nfts are pegged to a
layer one coin now like you know like on solana like on eath like on juno like on stargaze like on
terra and that's a little bit problematic because you know layer one tokens there they have
different they're optimized not not actually for stability of the price but they the purpose of
layer one token is to secure the chain and spur economic growth that's the purpose of a good layer
one token and you know a token that powers a defy fused nft system is that it has different
desired properties hence you know the significantly smaller supply and a couple of other tweaks that
we discussed to make this a good token actually for you know for a good nft marketplace
yeah you hit the nail on the head you're giving away more secret sauce and then i want to reveal at
this point i'm not giving anything away here just some some basics
no you're totally right i mean they're different properties being a layer two token with the store
value you know is different challenges and i'm telling you i think we're really on the cusp of like
you know sebastian was saying earlier that things are kind of starting to shift they are shifting
you know i'm seeing we're getting people spending you know 4 000 luna on lion dow uh and 5 000 so i
think someone just cleared an auction for 5 000 luna on on a pixel lion right so we're seeing that
people are like are coming into the cosmos to mint uh the big terror account just did um a tweet on
save protocol they're an nft collection minting on necropolis we're minting megaloo whales which is a
revenue sharing component of the grave digger like i really feel like we're on the precipice of like
getting a lot of energy coming into the coming into what we're doing you know it's pretty clear
it's pretty clear that this model is a sticky model and it's time to have fun again and people
are ready to go risk on and participate and kind of be i mean essentially we're community vcs right you
buy into some of these nft projects and like this is our way of you know making projects come to life
that don't need uh vc money right that's that's the beauty of nfts for me you got a great idea you
can make some really amazing art and you can tell your story to the community and they can invest in
that art and it can fund your project you know it's a whole different paradigm and 100 and that
then you know add things like like the spark pylon thing into the mix where you have you know launch
pads and perpetual revenue or for projects i think we're really setting the stage for um and that's
really the goal setting the stage for the next phase of growth
yeah 100 100 we're casting a wide net right now and when the market returns in our favor
we will be able to capture a lot of uh the retail participation and activity right i actually don't
think we have to wait for the market to return the way things are looking um the way you know things
are being built between you between you know shark protocol between you know ginkgo um there's a lot
of cool exciting stuff happening that will propel us forward i believe but on another note um talking
about shark and the raccoon team so they can't be here right now i'm here today so they sent their
apologies but they um they said they're um working on the smart contracts of shark right now and things
are progressing nicely so i'm sure um by this time next week we'll get some some nice updates and maybe
even some some teasers on how the ui could look and feel like
besides that i think we can i think philip is not here from aries protocol ginkgo you guys are free to
come up i see we have a couple of nft collections here the swamp um you guys are free to come up as
well we didn't have the chance to to meet last time so feel free to come up and and speak your piece
yeah and i i have an update to share too while we're waiting on um while waiting on some of our
partners to come up so um just just getting word from some of the dev team right now so you actually
can right now access um our app access white whale white whale via mobile um through the the the leap
app the leap in-app browser okay so we just integrated the leap in-app browser um so you can actually
you can we we are live on mobile technically speaking you just got to do it through the leap
in-app browser um so so maybe we will um post up publish some instructions kind of a how to do this
so um and and you guys can can take it from there so while we're you know while we're doing while
we're working on our native mobile integration um you know it does work swapping works it's been
tested um the functionalities work so um we'll post up some instructions on how to do that but you can
um you can currently access white whale through leaps in-app in-app browser
yeah
roomie's dancing in his chairs fantastic fantastic fantastic all right ginkgo
how are you guys doing yeah gmgm how's everyone going
the roman concrete almost dried uh we are ready for the beta we already contacted five people
um and then i forgot that jg wanted to be there too so there's a special spot for jg now it's five
people and him and uh first of all i'm really looking forward i just uh went through the website
myself with ginkgo and i'm i'm shocked like i'm i'm amazed how how well it is looking right now and that
we can beta test it soon with everyone and to the beta testers uh for now congrats um you'll be the first
one to use it and we will not let you just jump in and use it with your own funds we will all be giving
all of the beta testers 50 split in 50 stables and the others in liquid stake tokens that we are already
uh having listed on ginkgo so everyone can go nuts with them and afterwards yeah keeping them of course so
congrats to every beta tester and yeah um we will be creating a telegram group soon but we will invite
everyone and we'll go from there
and just on a note from from my end here the ginkgo app feels and looks very nice now it's a very
how you say it a smooth experience right and i hope the beta testing goes well so
um the community can share the pleasures of um leveraging and borrowing and lending
definitely really looking forward and that is what we're what we've been working on the whole time
to give the community and people the best kind of experience i mean yeah we could have shipped earlier
with some half-assed stuff that no one would be happy about especially not ourselves you know
the ginkgo team and we wanted to show something that everyone's proud of that the especially the ginkgo
team is proud of which automatically translates into a better user experience for the community and
everyone on miguelucion awesome i i wonder ginkgo um you know we talked about a lot about you know ginkgo v2
um while you're still working on v1 what can we expect moving forward because i figure the v1 will be a
you know quote-unquote standard borrowing and lending platform so what's your vision after that you know
just to get the wheel spinning a little bit division it's i i don't know where to start to be honest
because there's so much being added to the v2 it's basically i it feels like it's going to get bigger
than v1 and all the things that we might add um yeah to be honest i kind of want to wait until the v1
is officially out before we start with anything uh regarding uh v2 like publishing our ideas regarding v2
but except for that yeah um stay tuned everyone you know like it's not not tomorrow i can't tell for
now everything everything i would say right now would be revealing too much or maybe there's something
you asking for specifically that is like not revealing anything much of what i was just asking in general i was
just uh curious and i think the community might be as well to you know understand the vision better
behind you know the lending market like what's the the end goal the yeah the end goal oh the end goal is
simple we want to be um not we don't want to only have um as many tokens listed as possible on ginkgo
we want to give people kind of a safe haven regarding their funds because what we're uh offering is the
stable yield and this is the strongest point that ginkgo will have or will ever have on top of what's
coming of course with the v2 and i think it's important especially for a bear market that your funds are
safe after you're after people enjoy the good bull market and made a lot of winnings they feel inclined
to swap their coins and tokens into stables and what do they do with the stables some are cashing it
out buying some nice stuff buying some lambos here and there but most of the time people want to save it
or people just want their stables to generate more yield and this is where this is the moment
where the people turn to ginkgo and say yeah we're not only um we're not only planning on this is
something i would like to say in advance of course since it's important and it's good we do not only want
to stay with one stable coin we want to list as many stable coins as possible from different currencies
not only from the us dollar from others as well to make it yeah accessible and more user friendly for
people in the whole world so it's more international it's not only like westernly it's uh goes into the
direction of asia as well for example and overall to be the to be a replacement for from what i have in mind
is to be the replacement of the traditional bank that people have or currently use because there is a lot of
i just i just had to remember that video uh when people go to the bank currently uh nowadays and then
they get asked then they want to withdraw a few thousand dollars or euros and they suddenly get asked why
from the banker and then they have to answer the question or they say they're they have to write
something down from the banker side and uh this dude is just giving ridiculous answers to the people
there but it is shocking how um traditional banking right now works and ginkgo is something that will
definitely step in there and make you have like a defy bank that you could where you could have custody
over your own funds however much and whenever much you want to withdraw anything that's completely up to
you with definitely better earning in interest rates that you could ever get in trad fi ever
i never saw something about five percent but maybe someone can correct me and say like yeah that
cool bank in my country is like giving you a huge interest rate or anything but
that is what it is so it is going i think in argentina you can get really good like triple digit aprs right
yeah
yeah argentina is is definitely aren't aren't they at like a hundred or like 98 inflation or something
insane already over 200 i'm pretty sure it is yes it's ridiculous i think and and that's what it is and
15 percent except for except for argentina okay every other country that in that is controlling their inflation
regularly will i would outgrow that and then add some more when they would stake their currency on ginkgo
so it wouldn't be only an alliance bank which which it is of course because we will be
uh focusing mostly on um not only um not only listing alliance assets but since we're so close with
migulu and with terra the alliance assets will have a special place in our heart so they will be listed
or get a high chance of being listed but except for that uh becoming a gigantic international
um decentralized bank where everyone can control and do with their funds whatever they want
and that's what it is it's mostly self-custody which is for me for me personally is one of the main
reasons i got into crypto because i had i once had a bank account close on me for no reason so i had like
3 000 000 euros on the bank account and was in in germany it was with commerce bank i think so they
suddenly froze my account and then a month later they wrote me that according to their contract they
want to um they feel right like they got the right to cancel my account for whatever reason they didn't
really got into it i called they didn't give me a reason so i just left it it was nuts because suddenly
my bank account was gone for no reason because i had a bit of money in there and and that's what's crazy
and this unpredictability i think it's getting out of hand and it's not going to become better it will
become worse and if people don't take um yeah don't partake in this self-custody that is going on with
crypto right now it's just going to be worse for everyone else over time and that very interesting
observation i want to share two things on this so first of all i think um having a stable coin yield
native to migaloo is gonna unlock even more economic possibilities because if people have a
place to deposit their stables on migaloo and earn yield you may be three percent in low demand or like
ten percent in high demand uh environments and i think on on cavern protocol we're seeing double
digit apr on stable coins and that's going to unlock a plethora of new use cases that weren't possible
before um just think about um how good this will be for things like spark and pylon you know bootstrapping
new new projects with your stable coins that then in return generate yield to help the project
and um savings walls and i think lots of very interesting things can can be built on top of
gingku once that's out so i'm very much looking forward to this and a last thing before gg i know your
hands raised um i think a lot of people here are um rightfully cautious and maybe even um afraid of
these cbdcs with a programmable money and you know you can't buy your train ticket because you have too
many carbon credits so you need to buy carbon credits first and you can't buy that tv because it's i don't
know whatever or you say something wrong misgender somebody and then um you get your account canceled or
you know deposit slashed and i think that's that's a serious um scenario that could happen but i want
to just um drop here that i don't believe that's a viable scenario and one of the arguments is that
such a solution needs to be of global scale because of the interconnectivity everybody has just by having
a phone in his hands so if somebody were to come to you and force down um you know against your will such
a system you would simply evade to um different currencies decentralized currencies or currencies from
other countries and hence i believe that this route is is not possible so but but still i think we need to
be very cautious about the even the slightest possibilities of such a you know total control
system being implemented so in that sense i i think what you guys are building is is great and jg i think
you had your answer yeah you know i'm super excited to be the sixth beta tester like the sixth man i'm like
the bench warmer just like the add-on just teasing i don't care um let's see uh my wife just called i
just hung up on her right when she right right right at the end of that little oh man anyway anyway
anyway so um remember whale saves your marriage i'm not even kidding like it really did like the fact that uh
let's just be honest this everything's been going swimmingly is that too punny swimmingly
i don't know what that's supposed to mean but i think it's all there was way too many innuendos in
that one right that was like crazy it's like six different directions
all right all right all right so you know one of the things i'm really looking forward to with ginkgo
is that they are so open to uh allowing um this integrations like you know they're talking about
they've hinted about being able to leverage uh grave digger nfts because you know with certain
parameters they are yield bearing he's i'm hoping that we can actually maybe uh leverage against the
soul token which makes a lot of sense to me when we unveil how that's supposed to work there's just so
many things that are happening and this is like the same thing that happened you know last time
pre-crash we had all these teams that were really doing things for each other i mean that's how white
whale got their start they were doing something for terror arbing and protecting and defending the peg
right like that's the synergy level that's being created again and i i really feel that like we are
so close to like becoming like gravity you know like when like you cross that um the event horizon
like and you're just like sucked in like that's what we're that's what we're doing we're like becoming
an event horizon that's the goal right and i really think that like we have all the pieces that are
all coming together to make the game fun again so that you can take an advantage of these economic
opportunities like that is the the privilege of the wealthy and if we're able to give that to the
common man then you know we will have no shortage of users that's that's the truth
i'm sorry i'm off myself box
i think gink you had percent right i think gink you had right go for it uh so yeah this is this
is one thing i think i can already reveal about uh v2 what jg just said we would definitely start
collateralizing nfts i don't know if it's possible already in the cosmos is there something i i don't
know myself is sebastian or sam sancom is there something like this in the cosmos right now
not to mine is illiquid labs and that's like a p2p thing like you can go to a liquid labs and i could
say oh i have this much i want to put up this nft and i would like to borrow this much at this rate and
then somebody has to meet my offer that's one version which is not the same type of harnessing
of economic power that we're talking about yeah that's that's very inflexible and it's not something
i don't know it's it's just very inflexible to meet someone that really wants that nft and want
to be able to borrow that much that's that's so complicated so it's already it's already on eath that
people can borrow against their own nfts and that's what you want maybe you want some money but
you just don't want to sell your nft right now because you really like it and it is kind of cool
so you just borrow against it and later on you can always get it back or i don't know maybe maybe your
actually does get liquidated or not you know but uh that's uh completely something different but it is
is it is great to have that kind of option and it would open so many doors especially for nfts and
especially for backbone labs so if people start not only earn money with it but borrow against the nfts
that's a complete new ecosystem that's being created and what uh centcom said about
about cvdc so uh i think it's nuts i don't think they will ever happen or maybe in like a small scale
thing so maybe in the country or something but i think to actually empower the people to give them
the opportunity to uh to have their own bank online uh anonymous as much and on as much anonymity as
possible i mean with the off and on ramping there might be some kyc thing happening but except for
that to be able to land onto migueloo chain onto ginkgo is something that this that could drive
not only crypto adoption in the in general but especially adoption for migueloo chain and ginkgo
overall with the whole ecosystem being connected so if everyone wants to be able or
wants that opportunity to manage their own funds in whatever way possible then they will be searching
for solutions they will find ginkgo they will find the migueloo ecosystem the chain and the ecosystem
and all their partners involved and this is something so much more valuable to
it's uh it's kind of important because bringing in new uh bringing in new adopters or believers in
crypto or in d5 web 3 in general is so much more important than trying to steal liquidity from other
chains with uh other great products because right now i feel like that's the main thing that's happening
right now and to be looking outwards outwards of not only the cosmos ecosystem or the ethereum ecosystem but
to completely look outwards and be like yeah we would be starting to onboard new people completely new
people that weren't in touch with web3 or d5 up until this point i think this is the cracking point for
for any blockchain to be going ballistic
agreed agreed agreed all right um we have ps psx with his hand raised sir what do you got for us
floor is yours all right good morning good morning guys good to see some old friends uh just a couple
points that um uh i want to touch on that jg and and uh ginku uh were hitting on and no one is more
fearful of cbdc than jg um uh he is he is hell-bent on on doing what he can on his on his part to get um
uh this ecosystem up and running to its fullest capacity uh so really big shout out to him and his uh
and his uh proactive um approach on on on reaching out to different teams and uh including um my friend
and partner uh jerry so i'm excited to see what they come come up with or well actually i've i think
we've all already had a taste of it so i want to see i'm i'm anxious to see the entire full package
because jerry jerry hasn't released the entire package to me so um i think he's gonna make me uh
anxiously wait uh with with everybody everybody else um another thing that ginka was talking about
and correct me if i'm wrong uh you were you were talking about uh tokenizing um uh tokenizing um
money in a manner where it makes uh and if i understood it correctly
for the purpose of making money more flexible did i did i understand that correctly
um it's less tokenizing more um being able to onboard a lot of different stable currencies
like international stable currencies so like not only going away from like the dollar domination
but also for the for the for the reason of uh variety i guess
yeah people to be able to choose yeah okay it's it's it's interesting because i'm wondering
i'm really more i'm also fascinated to see how uh between now and
whenever this i guess if you want to call it a bear market um uh ends to see how governments uh
local state federal um whichever country in your respective area that you reside in um react to this
and and how those and how crypto can shift the negotiation um table around so uh i don't have
an opinion on that one or or any further comments but um i mean some of the things that you were
talking about really lit some light bulbs up in my head i just don't know what direction i would
i would want to take that conversation but i guess time will tell um another thing that uh
cencom and i were discussing uh we're loosely talking about in our casual conversations i think it was like
a day or two ago um you know in a bear market you might as well just start building and it is nice to
see and it's really heartwarming to see two communities uh actively engaging with each other between luna
classic and whitewell defy uh so that's always exciting and i'm anxious to see more more chance
to jump in and on the fun and the party and you know uh hopefully share a bottle of champagne
you know once we get to the uh to the end of the tunnel and for everyone else uh who who still remains
and um and and putting away the the petty politics aside greatly appreciate uh those contributing to a
more productive conversation but that's basically what i wanted to say thank you guys well thank you
psx i know so maybe the community doesn't know this but psx has been helping us a lot maybe with
uninterrupted podcast or working together with um with jerry on the sapiens or um you know providing us
access and you know a voice of trust in the luna classic community so that's really appreciated and
it shows something we haven't touched on yet sebastian is the the luna classic community is the
first community to step up and actually put their money where their mouth is they put up incentives to
attract liquidity onto their chain and drive up volume there this is something we haven't seen before
only the luna classic community did this you know the other chains they have you know they have
the same system on their chain the same satellite market the juno community didn't put up any incentives
but the chihuahua community did the foundation did but but here really it was organic there's no
foundation on luna classic and they stepped up they did it so that's really that's really fantastic
you know we had foundational support like on terra like or from the chain like on terra or chihuahua but
here it's the first time the community steps up and and supports us and also themselves you know
because their goal is to increase activity on their chain to you know eventually and repack
the the stablecoin and you know burn more and they're doing this so that's fantastic
um crypto enthusiasts how are you doing how are we going guys you good
yeah feel marvelous i just wanted to say like uh i think i think the energy for this call is just
getting out of hand because like uh when you mentioned from the start about alliance and how
exciting it is and how very very soon maybe 20 odd weeks we're potentially going to be able to stake
the entire supply right liquid supply of whale lsds onto uh onto terra and still get 20 apy and it and
it all links back to ginkgo right all links back because you're going to be able to able to leverage
against amp whale and be well which the rewards are perpetually growing on um alliance alone that's
just one aspect of what we got here right so they're perpetually growing on there which means people
we're all assuming it's going to drive demand for those yeah so demand is everything when it comes to
collateral assets it's what i was talking about when i was mentioning like not not just fud but
mention st assets you've got to have a demand something to people that want your lsd and the
other thing i wanted to talk about is the uh is the migaloo whales vlad come up here he's brilliant
talking about enterprise now for those that are listening guys that is where we're gonna we're
gonna stake migaloo whales you're gonna need three migaloo whales to stake and that will get you eligible for
the uh the reward system that is part of the uh backbone labs fee sharing model compound fee
sharing model yeah so that that is just something to bear in mind when you're withdrawing your whale to
mint these things yeah but we have had confirmation that there is going to be potentially foundation
buys we've got confirmation that we're going to have a fee sharing model that it's going to be a yield
so jg asked me if i'd come on and like you know as a bit of a community manager and come up with
ideas to try and bootstrap the the project as well once that once that dow is live on enterprise dow
to stake these things we can start talking as a community and i want to i want to put this out early
about how we see migaloo whales in the ecosystem i mean ginkgo have just alluded to potentially
leveraging against them in v2 and what that will look like as well so i think as a project not to
get everyone excited it is it is sort of getting multi-faceted revenue streams and and people holding
these things to make them more rare and to make the demand for them more more so and i just wanted to
give a massive shout out to backbone labs because i think something that's gone out under the radar
is this necropolis uh nft marketplace i'm not sure it's been said out loud i'm pretty sure
it's the first inter chain nft marketplace in crypto you know when i first got into crypto
interoperability was a big thing it was a massive thing between you know what people were talking
about how do we get ethereum talking to bitcoin and yada yada yada and and the problems with bridging
and stuff backbone labs almost under the radar are launching an nft marketplace pretty much on four
chains off the rip right you've got luna you got migaloo you got juno you got um hawawa and we're
working very closely to get it done on luna classic but obviously there's going to be maybe a need for
new audits on the contracts because of the burn tax or whatever right this is this is all happening on
migaloo by the way a four million dollar blockchain this is all happening here and and the signature
great of the signature great digger at the minute with nearly 10 of the liquid supply of whale right
in the grave digger is the migaloo whales uh on the migaloo nft marketplace that is going to be
launched on migaloo i actually put a tweet out a little while ago to say where we we sort of
have adjusted our fees and and and priced our block space better not only are the nfts gonna
generate revenue in terms of like whale moving on chain but we're actually going to collect quite
a lot of fees for things like the community pool and stuff because our blocks place is priced better
in my opinion than a lot of other blockchains in the cosmos particularly the bear market it's still
peanuts in in comparison like pennies compared to like eth but what it means is like a another thing
to mention is that we we've ambido does such a great job on the artwork and there are so many
combinations the backbone and they've been such a demand for it i i get sort of like 25 30 dms a day
can i be added to the whitelist and stuff it's crazy they've decided backbone labs to raise the mint up to
4 200 to accommodate all the combinations 400 are going to be uh kept for the team and their
giveaway similar to what the foundation are doing potentially doing the migaloo foundation uh they're
going to keep 400 for giveaways in the future and if people want to come on and work as partners or do nft
projects on backbone um on backbone labs on migaloo approach jg he may be able to help you
have some of these whales because their revenue sharing from the lsd and i can't give too much
away but i'm pretty sure be well is going to be in hot demand very very soon so um yeah and that and
that's without talking about the soul token don't get me started on the so i could talk all day about
the soul token and yeah so but yeah what i was trying to say is that you know these are going to be in
in hot demand it's 3 800 now which means that's that's roughly if everything was staked and bear
in mind even things like pixel lions hasn't reached 100 staked yet that's only about 1250 1270 stake
positions so there's only going to be it's going to be 1250 people can have a stake position
unless all the 400 get released by the way off the rip of the lsd fees you see and as the demand
goes up for these lsds because the alliance rewards get better we launch on more chains
things like lunar classic start really putting more and more incentives into their graduate or or even
whale or anything like that and people go oh my god the fees are collected a lot here we're going to
bond to that decks all these things that drive demand also drive demand for migaloo whales so i mean
the team is shooting for sunday as i said they've done an incredible job like to launch an interchain
decks and to get all the wallet connects ready for everything and their wallet index are to to snapshot
all the different chains that have been involved with b assets so far that that is something incredible
and it's something that they can give to other nft projects to use when they launch it so it just
makes launching an nft project on migaloo even more desirable and so yeah i just wanted to give a huge
shout out to them i wanted to say i'm going to try and do some sort of mint party on on sunday or
something if if we can make that obviously we've got to get these wallet connectors sorted but if we can
if we can i'll try and do a mint party try and get everyone excited i've been very lucky that helping
out jt give you a few extra whitelist spots so i'm going to try and maximize this as well but that's
just my that's just my position not financial advice you do what you need to do for you but yeah i just
wanted to say fantastic job guys and and i've had a couple of uh conversations with semcom let me just
tell you we are just scratching the surface with alliance guys we are scratching the surface with it
this is this is gonna rip soon it has to all right that's not financial advice i can't i can't be so
excited but i can't see the boy wait the boy did good though didn't he like and bade was exactly what
you needed the boy did good our little kid hey he's fucking making it i'm telling you we're like
you've got no idea what like me and finnan are like right now we're like proud dad he's like you've
got no idea i told jg he needs to hold on to the guy he needs the guy i know 100 100 like having
the rack team here in general and having them so involved building sharp protocol the ibc token
by the way you can stake rack why are more people not buying rack you can stake it on on migaloo and
we're talking about potentially is it is it too early to say are we talking about maybe making
ant rack or something or b rack and making an alliance that's it for that i'm all over it
and b though got to go home and fuck the prom queen we're all celebrating we're in the
coladas we're in the fucking hammock like come on he's he's killed it and and and i'm not sure
that link's not in the top but tarantino made a spatula uh wall gallery thing art gallery you've
got to see it guys loads of ambido's art is around the wall you can see an early snapshot of these
migaloo whales and some of the combinations on there i heard you talking in one of your spaces rob
i think he's got the 70 72 10 knocking around there it's just to be a bit cheesy uh ambido's
embraced the soul of migaloo and mate i am buzzing for this collection dude i've been telling people
for weeks if you don't own and especially this is what people need to understand there are unsigned
ambido's and there are signed ambido's and i'm talking like two to three years ahead of me game
here like i'm telling you you talk about like owning a banksy back in 96 97 maybe back in the day like
and i do know all about art and banksy etc now the full story about the history graffiti i'm telling you
now this kid is sensational in between doing the migaloo whales he was still able to drop uh finn's uh
little nightmares which guys i'm not gonna say like we have not even tweeted about this like
literally this is the first thing like finn's ep is on polygon on open sea uh but we've never told
anyone this is like literally i shouldn't even be doing this like it's finn's job i'm like finn i'm not
going there that's your job he's supposed to be going to get the rec crew into his music but uh
never mind but ambido just in between the whales could knock out little nightmares artwork
looking at the hannibal lecter rack it's a fucking piece of beauty this kid i'll tell you what i would
give me fucking soul ambido like like anon whatever right i'm telling you he is unbelievable
he's the kindest kid he's so nice he hasn't got a he's not like oh it's most of us he hasn't got
a bad bone in his body he doesn't even know negativity it doesn't exist in ambido's life
and that's quite grounding for like like people like me and finn like because we're the opposite
obviously but yeah man you're so lucky and i remember saying saying like oh well what about
his availability and we're like well ask him yourself you daft cunt everybody's freelance we're
sorry i shouldn't swear sorry i do apologize and sorry
all good continue
no no i mean yeah i remember you and jg both asked about ambido's uh availability and we were like
well bro that's not our conversation go and have that yourself like that's the thing about this like
freelance kind of like you can be in ragfm if you want to be honest if you've got a talent just jump in
connect hook up like we'll have your in we're even like gonna look for animators and stuff and
other things right like it's a freelance thing and then when we can like get somewhere we we did
and i tagged jg i think but i tagged backbone labs in the uh ambido origin uh origin tweet just like to
big them up a little bit in regards to this mint and we had an art competition and we had like
three raccoons and they were like trading for big money at the time you know and he come forth and
so he didn't win the raccoon but obviously we gave like other prizes or the nfts and other money and
stuff and you know what though the kid like he didn't get the rack and then he just worked and
work and worked and then he man he got his rack and he's like i'm in and then honest like if we i like
we didn't see it before finn did a little bit because he did a one-on-one for finn maybe finn
sort of a little bit but like we didn't realize once once we got his rack and he just started putting
out this oh dude he's done i mean you do you know he's done another series called rec clips
that obviously he's not going to go out yet i mean it might go out in a problem if jg wants to talk but
i'm sitting now on two fully metadated up i've done the whole thing myself in the last like 10 days
i'm sitting on like 10 rec clips now that are like ambido art one-on-ones like with like our
dude door corn shipping you've got no idea what these have been cooking this has been happening for
like about eight months but we're not going to drop it until make a little wheels anyway that's all i
want to say i just love that kid finn's been a big inspiration to uh to ambido i think finn's been
like a bit of a godfather to him uh and he's such a nice kid man he's just such a nice fucking kid
and he's put back his little dogs lovely as well so yeah man i'm gonna shut the bollocks up i've said
enough i've promoted the kid enough i can't wait to see these mints everybody sharing the like these
man it's gonna be insane man have you seen the raccoon scuba diving with the wheels what's all that
about and you know he's like one of the nicest people to work with i gotta say uh he made the
process so easy and i told him i'm like dude i was like we could we could do this forever man and he was
like oh this was great you know it was a good it was a good experience this is you know his first
generative collection he he has a little bit of mint jitters it's pretty cute i think that happens
to pretty much any creator who's gonna put their art out into the world and uh i just gotta say i
couldn't be happier and i really feel that he captures the culture of the space and um we're
we're on this precipice we're about well well jg jg he personally said to me he did personally say to
me that like thank god jg's just allowed me to focus on the art which i thought was like a really
like prominent uh comment that was like a person like dm to me like he's like i'm so glad jg just
lets me focus on the art yeah that that's that's what it takes it this is the thing about like like
finney's music and the blah blah blah all of it is that like there needs to be people there to
alleviate the pressure valves and like it only happens when it's like the real good stuff only happens when it's
a real team and there's a real team ethic so yeah jg you got a big shout there mind big shout out
thank you brother i really appreciate it actually means a lot coming from you
all right gentlemen we got psx he's had his hand raised for a while sir floor is yours and then after
that i think the swamp or the swamp guys were here i don't know they they may have they may have
had to dip out but um go ahead psx you're up i can't i can't even thanks i can't even remember
what i was going to say i was enjoying the tangent uh between raccoon and crypto enthusiasm
so i was just like just enjoying the uh the back and forth banter uh maybe a suggestion to both you
guys have a space between you two i can't imagine what kind of conversations that might spur up and
and the energy you guys might uh start start to help drive through the community itself um something
to consider so hopefully you guys uh you know let me know i'll i'll i'll send it up to jerry and we can
show the space for you i think that'd be something uh really fun and the other uh another thing that um
i think jg was uh jj mentioned about uh culture i i would argue is like that's that's really what's what's um
um what's missing in the in the crypto ecosystem in general and maybe whitewell
and and its partners can help spur that um and you know because jerry and i we've always had this
argument between like nft utility what it is what it isn't um maybe the utility is culture itself in the
big scheme of things uh just a thought i just want to throw that out there and uh but yeah if you
want to give me some feedback jg on that i'm looking forward to hearing it i mean we'll talk later
brother that's like a long story that's a long conversation okay okay okay okay i figure it would
be yeah i'm trying to uh i'm trying to approve crypto enthusiasts back up on stage it doesn't
twitter seems to be uh or x seems to be uh rugging me a little bit on that i don't know um it's not
isolated i just invited uh several people into the uh sent uh direct uh invitations and uh they were
telling me they were having some issues trying to get into spaces in general so it might be i don't
think it's isolated i think it's a widespread issue right now yeah yeah okay um i'm gonna be honest
i'm gonna be honest i was having a day off right i like uh so long story today's my birthday i'm 47
and i was like like i told the crew earlier i was like there's no way i'm doing a show on like thursday
a fuck that and then i saw a crypto enthusiast up here and then i thought ah right okay uh i might
not gonna miss this like opportunity to speak to this geezer you know what i mean it's a bit of a
geezer when there's a geezer in the room you've got to speak to them brother
did you turn 47 today or i am for my sins i'll tell you what i'll fail it oh jesus every nut and bolt
every nut and bolts getting rustier by the deer happy birthday we're gonna find yourself a pumpkin
i'll tell you i'll tell you this i i want to know who who is watching bluey one of our speakers is
watching bluey in the background anybody with kids will know that was going on i heard i heard the
theme song that that's my that's my two-year-old that's why i can't get in these spaces too often
man they're kicking they're kicking my ass at the minute like i'm trying my best to sort of be all
in crypto but like oh it's up at three in the morning it's uh he's trying to get in these spaces
and wrestle dinner time and add bluey on on on repeat oh but yeah i'm trying my best
but that's like the beauty of web three like you could do it all right you're doing it at your home
you're doing it with your family it doesn't take you away for 12 hours a day you can just do it while
you're still living your life that's that's the dream right it's true i mean i spoke to jg last night
at four in the morning i had to hang up with my boss i was like listen this is important i think we're
gonna mint amigaloo whales i need i need to hear this he's like what are you talking about
i'll call you back in five minutes i spoke to jg and he showed me around that spatial face uh spatial
uh link that uh tarantino's made i posted it from uh it's posted from the amigaloo whales account i i
think uh you guys can see it if you find the link uh you guys will see some a good amount of samples from
uh the upcoming mint i'm really excited i think ambito hit a grand slam i'm not even gonna lie
well it's a bit like the pixel lions isn't it he's embraced a lot of communities there's there's a
snippet as a uh a nod to so many crypto communities out there that i think he's just done an incredible
job and and as robo said it's got his his signature all over it so yeah maybe maybe one day we could be
talking about these in the in the nft big times let's maybe let's see
for sure for sure all right um we're well past the hour if there's anybody else that has any
any comments or anything to share feel free to speak now or forever hold your peace or at least
hold your peace till next week um but yeah i mean the big news today is is the migaloo whales mint
scheduled for sunday so have your whale ready be on the lookout um that's uh that's a big one
it's a big one just remember you know the first phase is a 24-hour phase it's the guaranteed phase
uh it's not like the mad dash phase everyone supposed to who's been participating we've done
our best to make sure that we present you guys the opportunity to move forward with us uh at you know
the best possible level of doing it it's really important that the community is earning together
and growing together and that's oh yeah i want to also remind everybody you know these b assets we make
we don't extract any value it's a 100 pass through like this is like a service to the community this
is the like a wag me experience and token you know we're not taking we make this asset and yeah we
remove a little bit but we share 100 of it and we invite everybody to come and participate in this
different way of thinking it's not just the solo investor we're kind of like group investors trying
to create like a financial movement and change right like that's really what the big message is
and we just happen to be using art as a vehicle to foster that change so i hope everybody comes
and participates sunday's the day let's get it ripping yeah you know i i didn't think about it but um
enthusiasts point about how but with such a low supply on the mint you know and requiring three to to get in
the gravedigger you're only going to have there's only going to be 1200 people right that can that
can potentially get in the gravedigger and and less when you think of you know people will be collecting
more than three of these right i plan on holding more of more than three um you know and foundations
and team having some like it's you know you're you're going to have under a thousand people that are
going to be sharing the um the you know the the gravedigger rewards so um that's that's pretty bullish i
think so that was a good point by enthusiasts you know the other the other thing i think we should
just touch on real quick here um while while we're here is you know with with the soul token coming out
and there are some very bullish dynamics um just with the tokenomics of the soul token which more details
will be revealed in time but um you know when you think about how that's going to drive value to to
migaloo and to whale apart from being you know apart from living there you know um also think about
like the liquidity right the liquidity will be on on on migaloo on whale um the pools right so i don't
know if it will be a soul whale pool or a soul stable pool you know and and all of the volume they're in
right so all and and then all of the activity with these with the mints with their mints and
everybody needing soul to mint that's all going to drive volume activity and liquidity um not only
to migaloo but to our to our satellite dexes right so um you know i think that's an important thing to
touch on and right frank without over sharing again i know jg's already breathing down my neck here
there's more dynamics than just you know in quotes liquidity there's even more cool stuff planned
there but you know at jg's pace let's get the mint done and then we might see some more
that's right yeah that's right um you know one one other comment i will make just on in regards to
lunk um we are seeing you know we did see some people step up and provide incentives
to the lunk pools that was that was huge that's why we made that's why we designed our incentives
contracts that way so anybody can offer incentives um right dows can offer incentives you know community
members whales um foundations anybody can just jump in and and um open up an incentive flow and it's cool
that you that that the loon community did that um we still need to push to get liquidity in the pools
right and you know this is a partnership we're working together with the loon community we're
taking steps towards them they're taking steps towards us we need to get some more reliable relayers set
up um the release the relayers that are set up now um are a little bit inconsistent and sporadic so
we're working on getting some more consistent relators set up as well as um as as well as mobile
i know several of you are waiting on mobile so we're we're punching that through for you guys you
know specifically i mean we our community has been asking us for mobile for a while yes um but you know
this is is brought some urgency to it you know so we're we're listening and we're and we're we're
prioritizing that for you guys as well um but we do you know we want to see that liquidity come in
there and we want to see you know that deck start to start to thrive and the loon community to have
basically an on-chain um option right to where where you can trade and and um do stuff on chain you
know and it's been you know there's been a lot of challenges with that it's been quite a journey you
you know sencom has given your community feedback in regards to you know the the core um the core
technicalities of of lunk and and just what what we think can help improve things there you know but
but we're um we're working together on that we're working together on that and and i'm excited to see
to see that take off as well so so yeah we're going to keep pushing the lunk stuff um we're excited for
our migaloo uh our migaloo whales mint that's the big that's the big home run that's coming soon
we're super excited about alliance as well the pump of mentals the you know the kind of the the
tokenomics at work on um that are that are already set and set in place right it's already set in motion
the tokenomics on alliance are are super bullish right so um so lfg guys that's that's what i'll say lfg
yeah one you guys saw there one quick question from the uh in the discord channel will users in the
pools that the incentive i that have been incentivized um and now the incentives are removed be able to
unlock and go to other chains i think that's the question uh but yeah i mean
we we already did that right so we only took away like the incentives from b luna luna and m luna luna
pools and released these pools right while other pools are still incentivized no you're right um
sebastian mentioned earlier that there are plans to do something similar for the whale ustc pool to migrate
the liquidity onto migalu but but really um i just need to um say a word here if there are incentives
you guys need to look in the incentives and do your risk analysis if there is incentives for only one
month it's very riskful to lock for a year so do your own diligence and and use the tools to manage
your risk because it really provides you full flexibility you could lock for a day you could
lock for a year it's up to you
well we gotta dummy proof it a little bit so like if you're locking more than the incentives is there
that there's like a warning on the ux like you know what i mean like we gotta make it yeah
you're right like you have all the flexibility and permissions but sometimes if you don't like
with great power comes great responsibility right like that whole thing yeah i think that's fair a
warning warning would probably be um a good idea to do on that it's fair fair enough but to answer the
guy's question short answer is yes well you know if we're you know these pools that we're kind of
migrating and that we're we're canceling incentives on we we will unlock them so and we and we have done
that to date and i think just today you also topped up the incentives on on which pool i think somebody
on the discord the whale axl usdc pool ontario yeah so the we we topped up another 30 days on that pool yes
nice so uh and another question is coming in right now uh the whale rack pool is no longer
incentivized are you going to incentivize this one
yeah we'll have it we'll have an internal discussion on that i think we could probably
throw some more up there i'm i would i wouldn't be against it i i would i would be for that um but
we'll we'll have an internal discussion but thank you for bringing that up it's a good point
by the way that that brings up another thing um our our emissions for incentives are very and we're
keeping them very tight right now right um just due to market conditions and you know we because we
don't want to be uh right a farming token especially you know we're just in this market in this market
you're we're not getting you know you're just not getting a lot of bang for your buck with incentives in
general so we're only doing uh our core pools and you know we kind of have targets we have monthly
targets of what we want to see outflow and we're way below those numbers so um we're keeping we're
keeping the inflation low as far as incentives go but i think i think we can throw some at the rack pool yeah
all right sounds good uh i think those were all these were all questions
from the uh community discord channel great all right well i'm good i don't know anybody have any
have any other closing remarks
just stay safe out there there's a lot of scammers right be careful on what you click on
and don't do no funny mints because people are getting drained we saw cj our brother he got hit
in a weird way let's be safe out there and let's be safe yep good point always always smart idea to keep
your no touch stack in a cold wallet and then have a hot wallet to degen out
yep great reminder
and final final words from us uh shout out the entire team all of you guys backbone labs jg
cencom white whale migaloo sebastian every single one of you more force crypto enthusiasts especially
stepping in and taking over the reins uh you've given the kid like his opportunity we've been
talking about this for like 14 months like when will this kid get it you've given it from us
thank you brothers uh and sisters uh we we recognize you know what you guys have done that's all i want
to say uh over and out good night from bangkok you sexy mofos
all right all right on that movie doesn't it good night from bangkok or something
novel all right let's go
around this good night from bangkok but i appreciate it robo thank you
you yeah all right guys we'll uh we'll see you sunday for the mint let's do it let's do it
see you soon guys bye have a good night of g bye bye
