Community Call

Recorded: Feb. 22, 2024 Duration: 1:41:40

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we're there
and I can hear you well
all rights
and we're doing
doing great doing great how about yourself doing just fine here just trying to approve
jg there we go we got him we got him gm-gm gm sir how are you I'm good I'm
good everything's good I'm excited there's a lot of shit happening you
know every day yep sir yes sir
how you guys feeling about the market at this current moment how we feeling not
gonna lie you know whale didn't really you know catch the leg up but it's not
moving down one inch you know the market is taking a little hit but whales are
standing strong so the lines is printing buybacks are printing you know
I'm happy yeah I would say up only for the next 12 to 18 months gonna be a
wild ride guys buckle up dips dips are for buying dips are for crying dips are
for crying okay all right all right tears of joy
well should we get this party started wait a couple more minutes what do you
guys what are you thinking let's everybody text out shout out ride the
whale let everybody know we're here get the word out
yeah I think we can kick it off the word okay let's do it let's do it welcome to
the weekly wide world community call everybody if you're new to our community
you can find all the critical information through the link to me and
our Twitter profile and we invite everybody to join our discord and
participate in a live discussion the channels called community calls and
without further ado let's dive right into the market data the whale price
stands roughly at 3.5 cents which gives us a market capitalization of 14 million
our social data shows 126 followers more on Twitter 10 people more on telegram
and 14 members less on discord regarding the best yield opportunities
right now I could find the Eris ARP whale vault still at 40% roughly then
our whale BTC LP Alliance staking yields 47% and Alliance got really really juicy
with 40% lunar rewards and on top of 6% roughly native staking rewards whale so
that's that's that's a nice one all right before I turn it over to Sencom
Sebastian already said it retweet is best spaces hashtag right of whale and
with that Sencom you want to take over yes yes yes thank you very much don't
forget hashtag right the whale all right what are the biggest news this week I
think there are a couple of very interesting developments one of them
probably you know sneaked a little bit under the radar but the white whale bags
is now integrated into IBC fun from skip which is a interchain DEX aggregator
and with that the white whale DEX is now integrated on TFM on coinhole and on skip
so that pretty much means to my knowledge those three are the only aggregators in
the cosmos so you know doesn't get better than that so for example the
station wallet if you trade there it uses the skip API from IBC dot fun so
that means whenever people start to trade via station wallet you know part
of the trades now go through the white hole DEXs and I think Kepler uses it too
I'm not 100% sure but either way you know doesn't get better than that we're
now integrated and pretty much all of the aggregators we have the vertical
integrations from from games like raccoon or from NFT trades on the
marketplace from by a backbone laps so it's safe to say that white whale is one
of the best vertically integrated DEXs in the cosmos and that's fantastic so
that's a huge one and Sebastian do you have comments on this I'm just other
than I agree that it's that it's a huge deal you know it's a big big win um you
know very good for volume very good for the DEXs it's a must-have frankly if you
want to be if we want to be competitive at all this was a must-have so um so
yeah it's good it's good big deal
all right what else do we have so last week the proposal to list you know raw
you know it's not raw BTC it's wrapped BTC but as raw as it gets on me galoo
has passed so this week in two days the rewards will start flowing I just heard
through the grape vines from our lead front-end engineer that the staking
interface will be live likely today so keep your eyes peeled very shortly you
will be able to restake your Bitcoin and for those of you who are new in here or
who didn't catch the last space so me galoo has been pioneering the Alliance
module in the cosmos and Alliance module is just a not so well-known word for
restaking module so you know while restaking just came up as the latest and
hottest new narrative that soon everybody will be doing me galoo has
been doing this for a whopping year now in production on mainnet and me galoo
has been the first one and to be very precise the first ever restake asset in
the cosmos on me galoo was be Luna the beloved be Luna from Backbone Labs so
whenever you you hear somebody who's pioneering restaking in the cosmos rest
assured it's one year old but we've been using it very successfully to bootstrap
our lending and borrowing market by restaking the and the USDC deposits
we've been using it to form alliances with with Terra we've been using it to
bootstrap our ecosystem with ash and we've been using it to deepen our
liquidity in the whale USDC pool and lately also the whale Bitcoin pool and
the last proposal whitelisted BTC so that means you can now stake your BTC
or wrap Bitcoin on me aloo secure the chain earn whale against a little take
rate of 1.5% at the same time the whale stakers earn Bitcoin so stake whale earn
amp Luna earn be Luna earn Bitcoin earn whale obviously and soon earn potentially
so that's quite quite the interesting on value proposition that we have there
and it you know between the whale Bitcoin pool the Bitcoin native staking
you know we will have you know more likely than not I'm sure you know GG can
touch on this liquid staked versions of Bitcoin and with liquid staked versions
you will have gravediggers yield bearing and FT's you will have you know we've
been building this whole ecosystem and now it's really time we can scale this
up you know we have the lending market in place you know we have you know you
will be able to play games in Bitcoin on raccoon because they have the decks
integrated so there's a lot of exciting things on the horizon and by
whitelisting Bitcoin we just attract a lot of liquidity and raw Bitcoin on the
chain potentially soon Eve and that will you know get us to really apex assets in
all crypto on me going and open up lots of exciting DeFi opportunities for
collateral for minting and so on and so on so all in all long story short that
raw Bitcoin staking should go live very very shortly comments words of praise
bullish out cries anything yeah I mean I think you covered it you know but but
just to reemphasize I mean really the point in the endgame of the whitelisting
of the WBTC which by the way am I correct is it is it fair to say that we
are the first ones that are doing this in the cosmos we're the first ones that
are you know create one year ago first one to stake Bitcoin by a long like it's
not even close it's like miles and miles and light years ahead and will and will
this be the first yield-bearing version of Bitcoin in cosmos I'm honestly
asking to the best of my knowledge like you can so you can lend BTC or you can
lend WBTC right on Kujira and you can get yield that way right but this is a
little bit different in that this is a you know a Bitcoin LSD or LSD yeah right
this is and that's a market receipt but it's a restate right right so and
that's really the point here and that where we're going is these this this
listing is is really about the the BTC LSTs right the amp BTC and BP TC that
will come and all of the things you can do with those in in our ecosystem and in
the and not just in our ecosystem they could be incorporated into other
ecosystems too right um but that's really the point is to get these yield
bearing LSTs you know that are that are derived from BTC that you could play
within defy right and I think those will prove to be to be powerful powerful
assets so so you know we're just going for it we're another experiment another
kind of bleeding-edge thing and we're just we're just going for it and and
and excited to see how it plays out yeah and I think between yield bearing native
USDC yield bearing Bitcoin yield bearing ETH I think we have a very strong base of
like super solid assets and then we have a lot of you know smaller caps we will
have sharks so gin you know all the exciting things and I think that makes a
you know whale too I think the combination makes an exciting you know
opens up exciting possibilities because on the one hand we have those very slow
huge and you know rather stable assets like you see your Bitcoin and on the
other hand we have our ecosystem of these you know highly you know
hypergrowth tokens so I think that's very interesting and I'll personally very
much looking forward to to having more Bitcoin and ETH on the other yeah and I
you know I'll just say you've heard um TFL talks about this right Chris
Chris Romani talks about it they how they want to do blue chip they want to
focus on blue chips right and then kind of ecosystem tokens and I would say that
we're kind of the same way in that sense but I think you know for now and for the
time being really we're gonna we're gonna pour into BTC and ETH right and
that's you know and USDC obviously right bomb but but BTC and ETH will be the
blue chips that we deal with they're kind of you know TFL is kind of messing
with Solana and you know some other quote-unquote blue chips but but you
know in our minds yeah I don't want to spread too thin with that if that makes
sense and give Alliance rewards all over the place I think you know playing with
BTC and ETH is good for the blue chips and then supporting our ecosystem tokens
right you know that's kind of the that's the mix that's the blend that we're
going for if that makes sense but it but it's a similar vision to what TFL
talks about yeah that pretty much covers it you know Solana you know I know a lot
of people like Solana because it's very cheap you know it's a it's a casino you
know shitcoin casino and it's fun but I mean the chain just went down a couple
of weeks ago again so that's not what qualifies as as blue chip I think but
either way Bitcoin and ETH, USDC that's a good combination um what else do we
have what else do we have the LionDAO airdrop for the sale DAO should be out
by now I don't know if there are some delays or haven't checked but as per the
proposal that passed on the sale DAO liquidity got injected and the LionDAO
distributed some tokens so if you have some sale keep your eyes peeled check out
coinhole if there are some roar waiting for you then some of you might have
noticed and there's a small delay on the chain upgrade nothing to be concerned
about I assume the upgrade will you know another proposal will be made you know
within the next days and we'll just proceed as planned just with a couple of
days delay so for those of you who don't know what Megalow V4 will bring it will
bring latest technical upgrades to the chain, latest Wasm module, latest IBC
Cosmos SDK, Comet so the consensus engine so that's more or less interesting
for the infrastructure provider for the relayers validators for the application
builders for the users I think there's one big change coming one great feature
that has been you know long-awaited which is the burn fee so the burn fee
will allow this transaction fees to be burned no ash created no burn
derivatives just supply gone forever and as you know the activity picks up
on Megalow you know with apps like shark with you know with soul coming
with gym and so on we can expect a significant amount of the inflation that
Megalow is currently producing to be offset just by that burn fee on the
transactions you know community will as soon as it's life the community will be
able to decide where how much percent should be burned should be zero one two
up to a hundred so that's very very exciting and I think it's a core it's a
piece of the puzzle that we need it's a core piece of the puzzle actually then
on the build on hold on sir hold on sir just you know on the upgrade right I do
want to address one of the things and you know it's it's way of before there
are significant upgrades burn fee and all the new features and all that stuff
some of you have seen on Twitter you know there is in this upgrade and we
want to be very transparent about it right we want to disclose it you know
there is an upgrade handler that deals with the situation between notional and
DeSentrio right so I did want to talk about it and you know just kind of let
you guys know what's going on because I know that some people were bringing it
up but basically here's what's going on and for those of you who aren't familiar
with the situation at all notional who is you know we have we basically we have
a deal we have a contract with notional for them to be core contributors to our
one to the launching of the Megalow blockchain but also to its maintenance
and upkeep and basically what Sendcom is talking about now right that the chain
level stuff right now I know that notional and particularly Jacob you know
that they're controversial figures right in the cosmos people either
love them or hate them we've always had a good relationship with Jacob with
notional always have he's been fine to work with and I'll say this on the tech
side you want him in your corner when there's you know let's say there's a
critical bug that gets discovered in the cosmos right in the cosmos SDK or
something like that you you want him on your side when you know for security
reasons and for urgent matters and and all of that he's very valuable in those
in those instances right and and to be fair he's not involved at all in our on
the development side of our ecosystem on our applications on our you know on our
BD like he's just not he's strictly chain maintenance chain upgrade the
quality and health of the chain right that's it so but I but I get it I
understand he's a controversial controversial figure and all that so
notional had a falling out right with with with about half their employees a
few months ago and they're they're disputing their tokens right there's
their disputing assets right now and it's really it's none of our business
apart from their their whale allocation right their whale allocation on chain so
I have been helping facilitate and kind of helping come up with an agreement
between notional and essential about what to do with their on chain whale
assets okay and and basically a portion of them if you know in this upgrade is
essentially takes a portion of them puts them in a new wall to multisig
controlled by notional and you know another portion stays in the current
multisig which is controlled by the centriole this has been agreed upon by
both the centriole and notional I want this this is very important I want
everybody understand it it's been agreed upon by both of those parties we have
receipts in writing clear black and white that both of these parties are
okay with this upgrade in in the in the network upgrade okay and I want to
assure every community member that they you know neither of these parties can
sell any of these tokens until all of their legal disputes are sorted out
right which could frankly could be months and even years right the the
tokens are still in legal they're still having legal disputes over their assets
right and that's done in the courts however what this does in the upgrade
handler it just it just settles the matter on chain and it brings the the
kind of tokens into balance on chain with with who's who's controlling what
multisig that's what it does okay but White Whale Miggaloo Foundation we're
blameless in the matter where it's not our dispute it's not our fight you know
we have nothing to hide about it's not a big scandal or controversy there's a lot
of people out there that just want to get Jacob right and see you know catch
Jacob doing something scandalous this isn't like that at all it's an
agreement between both parties and again these tokens they legally can't be
sold by either party until all of their legal stuff is worked out and frankly
even when it's worked out I don't think I'm not sure that either either party's
gonna sell their tokens we have good relationships with both notional and
decentral there's goodwill there we've been working you know working with both
of them so that's um that's what's going on with the with the notional
descent trio situation and and this upgrade and I'm happy to take questions
on that in the in the question time of this call thank you anything you want to
add yes first of all I think you provided a
very good summary I think it's important really to highlight again that both have
agreed to this the only reason why this thing is you know part of the public
discourse why it has to be in the upgrade is because it's technical the
vesting account cannot be transferred between addresses so the only technical
way to do it is via the upgrade if it were possible to do this in another way
you know imagine it was a smart contract and you can just you know change some
things both would have done it because both are in agreement but it's not
technically possible hence the upgrade hence we're here so it's really it's a
non-issue it's two parties they're fighting you know let them you know have
their dispute and they came to an agreement at least
preliminary and they just want to split the tokens according to their agreement
but it's just not technically possible so hence this you know frankly unnecessary
public drama because actually it's just between two parties nobody else and
they're in agreement so no prop 16 I know you know I've seen a lot of you know
people on Twitter I've seen a lot of people I'm in various discourse you just
you seem to how do I put it get off on the thought of you know Miguel you know
getting drama you know exploding in fighting but it's just not there you
know it's I have to disappoint you Sebastian I have to disappoint you it's
it's not the drama that you think it is and on a more personal note so I have
you know I've ever as long as I can remember I had a very good relationship
with notional and I think and Sebastian is right he is a controversial figure he's
very polarizing not only him but more team members of notional but I said it
in the last couple of spaces I value you know what people do and the you know the
freedom of thought and ideas so that you're not hunted down for crazy ideas
and I think Jacob and notional they do the right things at least with us our
relationship has been nothing short of great and I'm not you know following
every step that you I don't know what they did on other chains or elsewhere but
between notional and megaloo everything is Gucci and you guys don't have to worry
about anything and if you don't like him you know you don't have to like him but
his team is doing a great job all right to be fair not to be fair not everyone likes
JG either or Sencom or myself for that matter
maybe they like you but you've certainly ruffled you've certainly ruffled the feathers in your day
hey that's all because you know I really I really don't always think through what
what I say before I say but hey that's why I like you that's what that's why I like you
because you go and ruffle some feathers right oh it's good it's good by the way actually that's
a good that's a good transition I don't know uh what you had next Sencom but maybe we should talk
about um the TFL proposal or signal prop to um to list ash report um LPs and that kind of
you know it was like this this past week there was like one you know one drama after another
right um to to handle um so it was quite exciting and I was I was actually traveling
it on the road and you know dealing with one um you know one non-scandal after another but
but the terror um the TFL signal prop um caught a lot of attention caught a lot of eyes um people
were people were very passionate people were very engaged our community once again was very
engaged um and I appreciate that right it shows the life here and they get right one one thing
no one can say is that we're a zombie chain right no one can accuse us of being that right you may
you may have your thoughts and opinions are not like Jacob or whatever but but you can't say we're
we're uh we're a dead chain right so um so if anybody's not familiar TFL put up a signal prop
to whitelist you know um liquidity pools as alliance restakable assets right um what we've
done frankly we've had our we've had our um whale usdc LP tokens listed as um alliance assets on
megaloo now for what six months or so um you know so again we were we pioneered that in that sense
um but they're doing it now and they proposed to ash report pools so um there was a there was
an organic outcry and you know I for the most part at least at the beginning stayed out of it
but there was an organic outcry and basically why are why are these just ash report pools why are
you just picking ash report as the winner um right and and there was a lot of back and
forth and it was kind of a battle um on twitter for a for a couple days there right and Chris
Armani responded um you know and then there was a lot of a lot of back and forth and some talking
and back channels um and effect you know and at the end of the day he he kind of um I don't want
to say caved but but he kind of um you know um pivoted and he acknowledged right he acknowledged
that he wants you know that that he wants megaloo in our community to be part of this and he proposed
some ideas about listing listing one of our decks pools as an as an LP alliance asset for Terra so
you know kind of our the outcry kind of worked right in a sense it achieved its goal however
it was messy you know it was a bit messy and I I think we should talk about it as a community
debrief kind of you know and and just um and share some thoughts I certainly have some thoughts on
the matter and I'd be curious to hear your guys's right one um my first thought is this
I do not want uh head-to-head war with ash report and DeFi digital I just don't want that
um you know it's just not a good idea right it's just not a good it's not good business it's not
not much good can come from that um I have a lot of respect for them you know personal feelings
side have a lot of respect for them I'm actually bullish Astro right I hold some Astro um and and
to be frank while we are direct competitors in some sense that we're the the two kind of multi-hub
um DEX is and that that model is very similar we're all so different in the sense that um
you know a DEX is just one part of what we're doing right we're that's that's one component of
the of the megaloo east ecosystem we're an L1 right we have NFTs we have LSTs you know we have
gaming protocols right we have lending markets we have you know we're we're an ecosystem and
we're building an ecosystem of which this multi-chain DEX is a part of um so there's
also key differences as well I would much rather figure out ways you know we're all smart people
we're all savvy business people I would much rather figure out ways um where we can synergize
where we can work together and grow the pie together rather than um you know kind of a
hostile butting heads war um with Ashport if that makes sense right um also what I would say is
while we while it was great that our community like was so heard and so alive and people
commenting and all of this stuff what we don't want to appear optically we don't want to appear as
the overlooked little brother that you know winds whenever he doesn't get as much attention as his
big brother until he gets what he wants right um we don't want that and frankly we don't need to
be that right we just don't we don't need to be that because we're building cool stuff
you know we're we're building a lot of cool stuff and frankly TFL should want to partner with us
they should want they should want our community you know and what we offer and what we bring to
the table so they should want to include us and if they don't you know god bless them right um
osmosis wanted to partner with us they sunny saw he saw the potential he saw the community he saw
the life the the cool projects that we're building and he's like I want you guys to you know to to
partner with osmosis and we want pools of your projects that you're building we want to we want
to integrate and crossbreed and and and do do stuff he wanted it right um so you know we we
have a lot to offer right so we we don't need we don't need to to just um you know make demands
and arguments about inclusion like about inclusion when they should they should want us
you know that's what i said and i think that point was made in the end i think that that point um
was made to a degree but i but i want that to be the narrative i want that and as we're so as we're
kind of um you know letting our voices be heard which i'm i encourage you know i like you know
absolutely speak up when when something's not off and we're not being treated fairly or if we
or if this could could benefit us like we should speak up right we absolutely should um but i just
want to kind of set the tone for the narrative that hey it's the message is we're building cool
stuff and frankly you should want to include us in this you know because if you just if you just
partner with astroport right and their and their pcls you know what if what if their pcls go down
right which they already did with with their roar pool right they're not fully battle tested yet
what if there's some huge or god forbid something happens you know what i mean like i think it makes
sense to to spread it around a little bit and to not just pick one winner and to have different
decks that you're supporting i think that makes perfect sense to be honest with you as well as
um to take care and to uh you know to to throw the megaloo ecosystem a bone because we have a
we have a fiery energetic community that there's a lot of overlap with the luna community so why
wouldn't you know why wouldn't we take care of each other right um so you know i that's kind of
what i took away from the whole thing in the end we did get what we wanted it was a win it was
messy um there and it could open the door for future collaborations with astroport um as well
you know and and tfl um but i i just wanted to make some comments on the on the optics of it
and the messaging jg go ahead sir uh you know i just wanted to say a couple things first you
know grateful that you're you're much more level-headed than i am you know i didn't mean to i feel
like i kind of kicked a hornet's nest you know but you know at the same time i want to be honest
i'm gonna be honest you know one of the things that i'm on a mission here i'm on a mission here
to to fight for what you know i feel that this community deserves that's pretty much what it is
and and like you said i'm not really too afraid of of breaking some eggs or hurting some feelings
because at the end of the day this shit moves so fast if your feelings are still hurting 48 hours
and you're not really with it like just get on to the next thing we got shit to build we're not
gonna you know just like i'm big you know you're not gonna bully the pot you got the big bag that
that doesn't matter to me we got the we got the we got the big community you're not gonna bully
the pot and you know what we were able to we were able to i want to say like they are fantastic
builders i have they're great builders that there's no there's no doubt about that and it's
better if we can foster the wagmi uh culture again but at the same time it's like that's not
going to happen unless they respect respect us and i'm going to make sure that we get our respect
that's that's pretty much what it comes down to yeah real quick i'll just comment on that and then
senkam you can you can go um you know i appreciate your voice jg in this whole thing it's the loud
people that that moved the ball forward and that got what we accomplished right so i think that you
you play an important role in these situations you know um i'm you know obviously i have to be
more diplomatic i have personal feelings i remember stuff as well about ash report and
and the history there right um but you know there needs to be we need everybody's voice
right and yours was a very important one so i'm not you know we're not trying to hold you back
or say don't be like you be you and you you speak up and and you you push when you need to push
like i i love it you know i love it um i just want to make sure that that we're all on the same page
as far as what our messaging is what are you know where we're at right where we're at and
and what the what the narrative what the narrative should be go ahead senkam yeah i think we heard to
you know from you sebastian and jg two two interesting approach or different approaches
to the same matter and i think you know in a large and growing community the fact that there
are different approaches to the same matter you know shooting from different angles on the same
target is what makes it so effective you know jg you know being loud you know making noise
raising awareness in a sense like this is not fair this can't go on you know sebastian you know
trying to you know find you know more the middle ground more collaborative way you know and and so
everybody has their own ways you know also in the community we have very prominent figures there
and for example if you guys you know those who know me i love to debate you know i i have i
haven't posted it yet but i have like two page text where i outline that actually you know
contrary to what the proposal says ass report is not the best solution it's white whale so
if there's just one dex it needs to be white everything else would be horrible for terror
and i've outlined this in two pages i'm going to post this so i think the mix is what makes this
makes this so strong and just because you know i i don't know it's too long you know i'm not going
to go through the points but at the end of the day um just a very quick summary so when making
such argument or when when coming to a conclusion in in for such a problem you know where do we
allocate our what liquidity do we subsidize the overreaching question is what's the best for terror
you know what's the best for terror and so how can we allocate like incentives the best so that
it's the best for terror and then the question is what is best for terror and the proposal does a
remarkable bad job at doing this because what it what it does is you know the only like the the best
we need to allocate the liquidity where it generates most fees as report has pcl hence
is the best solution and that's you know preschool level of argumentation but the actual way to to
approach this is all right what's the best for terror how can we measure this and then you arrive
at a dozen different metrics and then per each metric you compare where is euro where is ash report
and where it where is white whale then you make points like you know this this next one here this
next one here and then you have 12 different metric and then you need to weight them what's
the different weight and then you arrive at the conclusion that white whale is beating
ash report in pretty much every single metric besides current tvl and current volume on the chain
especially with the pcls you know that that's you know people like to take the argument
you know they have a history of not working so if you want to put all the liquidity in there
that's a huge security risk and they don't have stable swap pools we have them so it's not like
one point ash report it's one one and minus half a point because they they rock the raw pool so
long story short if you're interested you will be able to read a long you know
a blog post on while um white whale is the most logical choice however
the multi-dex approach in an open way so in a sense um multi-exchange data driven inflation
allocation would be best for the ecosystem and that's at the end of the day what i'm advocating for
for yeah i would i would agree with that i think that you know they shouldn't just pick one
they should they should spread it out and diversify and that's really the best
what i what we need to push back against because we are the the little guy in this
right let's not kid ourselves right delphi is much bigger much much more well capitalized much more
established um so we we need to make sure that that we're heard is that it's not just a slam
dunk obvious obvious choice for ash report it's just not right that's the that's the point that
i want to be made that that we need to make right um and and you know frankly i i saw uh luzay's
post where he you know it was basically like a dunk on way on migaloo who's like you know ash
report has 10x the tvl ash report has 10x the volume and it's the you know it's the clear obvious
choice uh well okay i mean that's fair those are all those are all facts um but and i didn't
respond personally because again i don't want to war right and i don't want to get get get in the
weeds but um right now you know i i could make the same case for whale with very obvious facts
right very obvious right like just like those like okay right now ash reports yield is three
percent you know we have uh white whale's deck is at six percent with your lst and then 20 plus
others on on various taxes and the users can choose their their apr so we have 10x the the
apr yield than the nash report right um we integrated alliance and alliance lp tokens
months ago we've we've been the pioneers and the the first movers for alliance so we have that
advantage right we have this active community that wants to be you know that wants to be
aggregated wants to partner with tfl you know so there's very there's very strong points for us as
well right that's that's the point that's it's not just some you know i i we're not going to be
bulldozed right we're not going to and i think that's where jg that's that's really you know
why jg was stepping up and and being like whoa whoa whoa right nope nope this isn't just a run
run us over you know we're not we're not gonna we're not just gonna roll over and be run over
that if that makes sense and like j you know i think jg you said to me or chris somebody said
right if they shouldn't have put up a signaling prop if they didn't want a signal
right they put up a signaling prop and and we we definitely gave them a signal so now they
got a signal go ahead senkam go ahead god you're tempting me you know because jose did make a
slam dunk on white whale and i don't know shall we spend some more time on this or no i don't
think so i think we definitely not definitely not who cares who moved next yeah next yeah yeah we
said we we said what what's needed to be said i think hey i look forward to your two page dossier
with diagrams though you know i i don't think you're gonna reach till the end but good luck
um all right jg it's probably over our heads it's probably too smart for us
and so we we probably won't won't know what we're looking at there
i'm gonna use a i'm gonna run through jack gbt to explain to me
uh it's completely mid curved so don't worry
i'm an idiot myself so makes it easier
all right what else do we have um so a couple of more smaller things um on monday i did an interview
with carter from shade uh if you guys remember we've been we made an otc deal you can now access
whale on secret you can access shade on megaloo cool stuff we're working on on some per couple of
deeper partnerships their listings and blah blah blah exploring some opportunities we'll likely
have a twitter space together to get the secret community with the shade guys and in our part of
the of the world a little closer together and just explore you know what can we do
because i think the secret guys and the people building on secret they're really
ideologically driven you know they have you know they built for a purpose and i like that
because if they weren't building for a purpose you'd never build on secret you know from a
technical technical technical perspective building on secret is way harder than building on you know
pick your chain so those guys are in for a reason and usually you know that's cool
that's really cool so um expect some more opportunities or potential opportunities there
twitter space um and the interview if you haven't checked it out i think it was fun it's been a long
time since since i talked on camera then that's my list
sebastian yeah yeah i think ninja sorry yeah just gonna say real quick uh i haven't put the
post out yet i probably will do it tomorrow but the spaces with the shade guys is gonna be on
monday so that's coming up oh thanks ponzi um a couple things just on the development side
i don't know sendcom if you want to um bring up the furnace mention anything about the furnace
and what we're what we're working on on that end yeah maybe um so the furnace um second iteration
of the smart contracts coming along very nicely i'd expect um carefully to finish the smart
contracts or to have him finished end of next week then it's about you know integrating the
front end or making changes to the front end and then you know hand it over to to the chats
at at ashdow so they can go crazy what the furnace v2 is um improves over the previous
version is in twofold um first it um makes the fees like it makes monetizing the furnace easier
because you know it's not a you know wish you something circus here it's um you know you still
need to monetize things and we found a way to monetize the furnace or you know have other teams
monetize it for them so there's two fee tiers so um one is on the input asset and it can be set
from zero to whatever so it doesn't have to be a fee and one is on the ash asset that's minted
and both fees can be sent to different addresses so it allows you for example to send some to the
fee collector for buybacks and some to a dow or a different entity for treasury management or LP
or something so it opens up a couple of interesting possibilities and two it scales the contract up so
normally you have this pattern when you where you have one pool is one smart contract one furnace
is one smart contract but that's a little bit web two software architecture web three you start to
build um you know mono contract singletons if that's something you know that brings about
that allows you to um have for example just one furnace and that furnace can have 20 different
assets so you can start burning LP tokens you can start burning you know whatever token you know
comes to your mind and that's very easy you know the front end just picks it up automagically
and then you know for example if the ash tower were to you know get the furnace to chihuahua they
could just list boom boom boom boom boom all the assets list some LP tokens and let's go
so that's on the furnace side on the
v2 side white valve coming along very nicely we're um the smart contracts are nearing slowly
their end so we're looking into the incentives right now which will be a little bit reworked
so they're a little bit easier to handle easy on the eyes and then it's about you know getting
the audit and doing the front end stuff yeah so just to comment on the furnace um
personally i think that the furnace has legs um in the sense that it's very simple protocol
right that that we incubated um it basically just makes it easy to burn tokens right it's
an easy front end where for you can you can burn your tokens um the norm normal users normies
right don't don't really know how to burn tokens you know so this makes it easier um and makes it
so anybody can do it with just a click um i think this you know again there's an appetite for this
you know some everybody loves a burn right every every defi user loves a good burn some chains more
than others i'm thinking guahua right luni classic but everybody loves a good burn um and
the fact that we made it so we can you can now set fees um i think that's that's a key here right i
think that people would be willing right now there's there's no fee set but now with v2 you'll
be able to set fees so this is a way for it to capture value and kind of accrue value for whale
right um so like for an example a 1 or 1.5 fee can be set on the burnable asset
um right so if you're burning guahua if you're burning luke or whatever um you know a fee is
taken that fee can be used to buy whale right and that whale can be burned right and the ash can be
sent to ashdoll right that's just a that's just an example you know so think of um think think of
the furnace right just dream with me for a second here deployed on multiple chains right um deployed
on luni classic to point on guahua deployed on osmosis deploy you know um and and people can be
can use it to run burning competitions and have their leaderboard and you know they could do do
whatever they want with it um but all the while it's capturing one percent one point five percent
and that's use it used to buy and burn whale right um this is the that's kind of the um the
idea the vision where there's a little bit of value capture in there okay so um so i think it's
it's worth noting it's worth noting and i think you know the value capture even if minuscule and
small um it's very important for alignment so for example if the ashdoll you know decides to you know
bring the furnace cross chain you know make ltc deals with other teams you know list them manage
the thing they want to have a piece of the pie so that every they want to have an incentive for
positive feedback loops that every time somebody uses it they get something so they invest more time
into you know growing growing the product and getting more users so that's just very important
for you know incentives incentive alignment with that sebastian i think you know ponzi ninja
sebastian do we have anything else otherwise um i'm sure jg shark ashdoll have a couple of very
interesting things to say the only other thing i can think of is um just along with the v2 which
you did touch on is is our um ux upgrade right and our um our v2 front ends right which we're
pushing forward on um i don't know if there's anything you want to say about that it's moving
along right um so there didn't there wasn't so much on that front this week um for one
we completed the api migrations finally so we we now have a different source of data for all our
applications so that took some time and second there was yet another station upgrade which broke
some stuff so here we are again you know spinning the wheels and we had to do some extra co-mingling
with the wallet stuff to to work on getting the btc staking live i think by now is it live let me
check oops the devs did something it's live so just doing this call um our lead front end engineer
you know he brought it home he made a home run you can now visit app dot megaloo dot zone ponzi
ninja maybe you can pin this in the space here app dot megaloo dot zone go to where is it is it alliance
um yeah go to alliance and there is your bitcoin you can stake it you can either get the bitcoin
directly from the white whale decks on megaloo or bidon osmosis and send it there via ibc so happy
farming i think the rewards start flowing to in two days which means in two days every single
whale staker will earn bitcoin so then nobody can claim he doesn't own any bitcoin because
in two days everybody will
bitty how do you feel about earning bitcoin i'm not gonna lie i'm pretty excited about it because
i'm such a degenerate that i barely have any to begin with i would be honest be honest how much
whale like this this could be a group question here how much whale do you have staked like naked
staking versus like don't don't give me any numbers you know that's private but like so i don't have
i'm literally staking like only like a thousand whale naked and i'm on liquid staking everything
so you're you're farming farm all liquid staking tokens i'm all in on the on all the degenerate
plays yeah i'm about 40 40 percent i'm about 40 percent naked staked just make native native
stakes that's because that's because you're responsible founder type individual
yeah he's not adhesion at all because i want that bitcoin i want that bitcoin
we're working on that though watch we're gonna get you down to 20 percent by the time we're done
jg what's your um top picks for leveraging or utilizing the b-way of i assume you use space
so i'm gonna i'm i'm you know me i'm i'm lazy i just use b whale i alliance stake i love to
collect luna i'm i'm betting both i'm big token so to me this is a major accumulation for both
assets you know for sure i'm just collecting as much as i can in this next couple months
the collector nice all right hey my wife she's like you're like a little beaver just collecting
these assets and i was like a little beaver that's what you think of me it was quite funny
i never associated beavers with collecting stuff i i thought they built dams you know
but they dam up that water i don't know what he's i don't know what it is he's canadian i don't know
jg i would never associate you with a little beaver but hey maybe your wife knows better than we do
i would call you i call you a lot of things but not a little beaver
oh women hey did you guys did this uh did you guys see this video that uh like this freaking
music video that lord jim's made for i can't even believe this thing i posted him like he is probably
he's among the most you know artistic not autistic artistic individuals in the whole community i think
if you just look at his videos for guppy for for backlash and soul they're insane like shout out to
you you know he's ginger the beast gins gins is a beast shout out to gins legend we got hey we got
some plans actually uh you know i don't want to release it but there's definitely remember i was
telling you that we're trying to figure out this chihuahua great bigger situation i i'm pretty sure
that we have a solution for that and it's it's gonna be a banger i think i'm really excited
jg i think you need to give us a rundown of what happened last week and what's the outlook for next
week because i i think i speak for a lot of people here when i say when os moses when juno
when chihuahua when when when okay so i'm gonna give you guys a lot of updates right now because
you know a lot of irons in the fire right so we saw uh waley dow puts out some nice statistics for
us uh on nft market volume and on lst um liquidity how much is in the gravediggers and right now like
on terror the nft volume was up by like 26 and i believe that the megaloo volume was up around
the mid sevens um which are both great metrics as we move forward was this week over week like
weekly volume or was this total increase no this is i think this is um that's a good question i don't
i'm not sure to be honest off the that that graph i'm not gonna lie so because i i think it was
cumulative so yeah increase the total by seven percent okay so total that's what i'm saying i'm
not i'm not i'm not sure maybe but it's a great number you know it's a big number and then we have
like there's freaking there's a lot of there's a lot of stuff right so like you have the alliance
style nfts those guys are in a process of like a pure whitelist mint uh you got you know the
galactic mining club is like setting records in the cosmos basically um day after day after day
and week after week to be honest um and we have you know so if you're in the test group you know
we're trying to break this new dynamic gravedigger that i keep talking about and we're really close
i'm hoping that we're able to turn it on like this weekend is my goal and what that will do is so the
new site will be available but only for the gravediggers hopefully by the weekend all right
and that will once that's there that will open up b coogee and b osmo right away that will be the
interface uh launch for those two b assets as well so i'm really hoping so b coogee and b osmo coming
yeah this weekend that's that's that's what we're trying that's what we're trying to do i told i
was like i told talk to octane thomas i was like we got to get the gravediggers the new integrated
gravediggers out because they're also already working on different parts of integrating the
marketplace we're doing the the new site rollout in two phases gravediggers and then marketplace
i'm really excited can i buy the token uh by you mean by the b asset no soul soul is not for sale
yet sir so if you would like to acquire soul we have a bunch of missions and participation
that you can participate in if you'd like to earn soul
that's good we're not selling we're not selling it yet there's there will be a public uh public
sale um if you guys read the medium article there will be a public sale uh that will be open to
everybody there will not be any private rounds no private rounds this is an equal opportunity
uh situation if you would like to uh buy into the project at some point but that will all be q2 and
all this will be made made available to everybody it's all in the medium article it's all in the
medium article but so let's go to sebastian i showed you know we've had this partnership that
i've been instructed not to share because we have uh it's gonna be fun but sebastian you've seen that
trailer right what did you think of that trailer we got a trail we got a trailer for the for the
osmosis launch yeah in the team market it is i think it's gonna be a i'm not even joking i'm trying
to toot my own horn but i'm super excited to be able to uh get this hub uh out there the backbone
outpost out there and and the b osmo and the collection it's it's gonna hit and then juno
you said you know it's gonna be a banger it's gonna be a banger with uh tanks talking i i'm
in another group chat with tank and an artist uh our friend patrick and they are you know
starting to get the juno collection ready you know send com fix there there was a little bit
hold on hold on though jd hold on a second hold on back up back up because you're moving too fast
the osmo the osmo collection is going to be a banger all right i'm just telling you guys
right now and and like it could very well be it has the first mover advantage it could very well
be the flagship osmo nft collection okay which is huge epic huge right so how can i'm gonna
i'm gonna ape i'm gonna ape that i'm just i'm just telling you right now i'm gonna ape it and
i'm just i'm very excited and let's not forget that the way the gravediggers are designed
they're all bringing value back back to megaloo and back to whale there's a value capture there
right so all of these gravediggers uh and by extension all these collections right they're all
they're all accumulating value for for megaloo and for whale but the osmo collection
gonna be a banger jg i'm getting intense bullmarked fomo how do we get the whiteness spots
okay so okay so that will be an announcement we have allocations uh for participation uh between
the groups that are coming together to make this but you know we were discussing this we actually
think that this entire collection will end up being minted out in a whitelist i don't we don't
think we don't even think it'll make a public phase to be 100 honest um so if you you know
being a skeleton punk holder being milu wales holder being kujiran uh nft holder on megaloo
will be qualifiers for um the osmosis mint so you know we have whitelist available for our community
uh and moving the system and so that's probably the best way if you if because there's only you
know there's only this collection is only around 5000 nfts right so there's a million there's a
million wallets that are active on osmosis i don't mean so what you're saying is so what you're
saying is if i'm hearing you correctly if you want to get in on the whitelist one way to do it
is buy a megaloo whale right that's what would be but i don't want to here's the thing i don't know
all the criteria yet so you remember but that's one that would be that would be one of the ways
but it could and that might be one of the easiest that might be one of the easiest entries and right
too so guys i'm feeling and it gets you so and it gets as we speak yeah right so megaloo
getting him getting him holding a megaloo whale right holding a megaloo whale gets you in on the
on the osmo whitelist i can't say that i can't say that i can't say holding that's not the case
i don't you can't say holding one i can't say that i can't say that well what can you say
what can you tell us sir i can say that that like around 1500 whitelists will be available
for distribution and we have to figure out the parameters that will reward the people who uh
in the fairest manner you know i mean that's okay but there'll be an announcement very shortly
there'll be announcements all right there'll be all kinds of stuff but i gotta be so if we
want to front run the announcement we should buy maybe five megaloo whales just to be safe
is that what you're saying that's what that's what the founder of megaloo saying
okay well i don't know i'm just i'm just i'm speculating i'm speculating but all right well
you let us know you you let us know when you when you have the officer i will i promise i promise i
promise and we're gonna have a whitelist collector we'll be able to get addresses and what's the
timeline for the mint what's the timeline we're gonna probably mint like right in the middle of
march like right in the middle maybe like right around st patty's day so everyone can get okay
all right all right so it's coming in hot it's coming in hot so if you guys want to help us break
these gravediggers and you guys want to help us break these ap apis it would be highly appreciated
the more we can stress test this site the better because it's gonna get hammered
they got a million wallets man come on we gotta we gotta hammer we gotta we gotta start to break
shit right so if you want to break shit with us please dm me i'll get you in the test group and
let's let's try to break this thing and make it the osmo the osmo community is going to ape this
you know you we really got to figure out how to how to get the word out to the osmo community if
you want to be in on this collection you need to you know here's the qualifiers they're gonna
they're gonna want to ape ape this collection for sure either that or they're gonna buy it on
the secondary market right either that or they they they won't qualify for the white list and
they're gonna want to buy them up once they hit once they hit the market well i mean and let's
also let's also not forget that you know we're so hopefully this weekend be osmo is live so
after this weekend we go to the sale dal we make the liquidity we get the yield going there's like
over um like 1.4 million dollars of osmosis that's basically going to be going into the
grave they're generating yield for this osmosis collection contributing to the sole paradigm like
it's another huge piece of the pie piece of the spoke like it's another big connector you know
bridging the cosmos uniting the cosmos i you know i i know i make a big deal about stuff but really
you know i'd rather i know we're stronger together i don't want to be at war with anybody like we're
at war with tragedy that's the war it's not war with ourselves hundred percent hundred percent
sir well this you're allowed to make a big deal out of because this is this one is a big deal so
so perfectly justified for you to make a big deal out of this one but yeah i mean like i like i
think these things are gonna fly this osmo nft collection i just think they're like there's
going to be so much demand with osmo community and it's such a huge community right that we've
saw that going through the governance like we saw how many stakers they have 250 000 wall you know
like it's just it's just crazy so and how many are in the collection um how big is the collection
so we're just trying to iron that out it's it's going to be somewhere in the low five thousands
we were trying yeah yeah it's these things are good yeah yeah this it's giving me like bad kids
vibes you know it's that's that's what it's that's what it's giving me so let's let's go lfg lg um
and let me think is there anything else that i'm i'm missing from no i think that's it so also you
know if you're an alliance staker uh you you there's there's mints available on nft switch
and backbone like they set up sales and transactions and just so you know if you might have
something to go pick up or mint you might want to go check it out that's pretty much all i got
though for right now but this weekend is what we're targeting for those grave diggers and those
weekend this weekend would be be osmo and be kuji would be opening for that and then i'm gonna bug
i'm gonna bug dove to see if whole seats in liquidity he said he would a while ago so now
that it's all done and said i'm gonna i'm gonna remind him see how that goes
cool cool cool all right um do we want shark we want to hear from shark up here
up here i think that's about about time for that right
while they're coming up uh i pinned the btc um tweet uh on the spaces on top so um yeah you can
see the tweet uh bitcoin staking his life guys lfg yeah you can now stake it on the front end on
miggly.zone you could stake your wvtc the reward starting in about two days you know early early
users early adopters are going to get that going to get that that fat that apr especially in the
beginning so if you want to eight you can eight now lock it for nine years and get a million percent
apy you know this might might actually not be such a dumb move because you know if you're you know
not paper handing your bitcoin is probably smart and if it's locked you can't sell
shark sir gm
the floor is yours
welcome welcome
i'm always wondering who would you get on that mic
looking time to be alive
it's the handsome bruise
i'm getting rocked i'm getting really rocked i can't hear anybody can anybody speak
i can hear you can you hear me okay there we go there we go there we go
yeah man not i don't have that i don't have as exciting news as you guys have man because you
can't stake bitcoin anywhere where i live only on megaloom man that's insane so basically the news
from from shark protocol today is we are just getting everything ready to launch we will have
all the information about the liquidity bootstrapping event our stream swap soon available with tutorials
and everything so that is being all set up for the perfect launch and the perfect entry price
an entry point for the community it's going to be as fair as the gooby launch goppy i say gooby
because i'm danish but the goppy launch is going to be a beautiful site yeah could i just add i
think it's very interesting for uh wiggle-o that there is going to be a meba voting coming soon and
um pulls will integrate the alliance margin if you don't know jimmy excuse me sir i'm speaking
it's not nice to speak over someone if you don't mind sir please thank you very much
who is this beaver uh excuse me i'm not a beaver i'm an otter sir i never said you were a beaver
i'm said you are an otter oh what are you saying i'm an otter mr otter maybe you can introduce
yourself right well my name is jimmy the otter i'm a white whale defi cosmos layer one soldier
i'm pushing the boundaries of defi right now focusing on all these great projects you know
what the boundaries of politeness i must say oh hey german uh that's strong coming from people
like you but anyway what's important here is that we want real yields on top of our stapler
awards and that is why i'm supporting the terror money proposed for yielding 23% protocol fees
for ant whale and b whale free stakers i'm all in on this and don't forget skip protocol is
integrated with this for their swap aggregator it's going to be a lot of great fun it's going
to be huge because there's going to be an increase in volume for aprs on the decks resulting even
more yield for restakers this is pretty cool because i'm telling all my friends to get in on
this get in here because did you know that you can swap with white whale and astro port right with
extension of the station wallet version three and i'm also going to honor the new proposed by sale
dao air dropping one bill i repeat what what what one billion more tokens for sale stickers using
their claim for on-chain activity starting from the 15th of november 2027 and a friendly reminder
you can stake ant whale and b whale with the terror money alliance hub and earn 46% aby 6.6
whale restaking rewards 40% lunar staking rewards as well the best part this increases lunar rewards
and this will hit every friday you know i'm so lucky to be able to come into this room right now
talking about migalo zone because it's the privacy that you deserve through shade protocol you can
swap shade and you can get some migalo whale shade baby oh yeah you know and i'm also right now
testing out swaps on ibc.fun and i'm going to show skip protocol some love with all these
follows i'm paying attention are you paying attention to what i'm saying because white whale
is everywhere the very best rug and scam on cosmos thank you
thank you for your comments jimmy it was very insightful thank you
by the way one one thing um one thing that i'll throw in because i think you brought it up
somewhere in there um i think the luna increase the alliance rewards the increase i think the last
one is tomorrow is that correct or am i or am i off there does anybody know for sure i think i heard
the last increases tomorrow yeah it's friday tomorrow exactly tomorrow right so and don't forget
yeah the last time that these these increases are exponential right they've they're the way
they're on a curve and they're exponential increases so right now the the luna alliance
rewards they're just printing they're they're just printing printing printing um it's it's crazy
honestly it's crazy and there's one final increase tomorrow so you know you almost don't want to share
it because you don't want anybody to jump in because it's it's just printing you know but
um you know that's been very very good to us but i don't think what people understand people
understand like if you've been holding whale and if you've been a lion staking you've been printing
luna you've just been printing luna you know and it's uh like i can't tell you how many
thousands of dollars i've made you know over these these last months from that tool and that
mechanism that that you know it's kind of hidden it's kind of a secret little benefit you know not
too many people know about it but it's real and it it prints it it just prints right so um i think
with with where whales at now and it's trying to bottom you know like i don't know if i'm a d gen
if i'm just uh if i'm looking to do something you get a bag of whale and you line stake it and you
just let it print luna like it's uh it's just a no-brainer to be honest with you oh and and amp
whale tea is at like 59 right it's at like 60 after the the amp whale and the b whale teas they're
just i mean that's crazy that's and that's just auto compounding into whale you know that if you
just want to grow your whale bag and set and chill right set forget and chill and just grow your whale
by 60 percent apr you just get amp whale or b whale tea right so um juicy juicy stuff on on that
all right um shark you were you were you know aggressively interrupted there so i'm not sure
i'm not even sure what the heck that was all about but it was kind of fun so whatever um
but let's let's get your update right let's get your update unless you're getting rubbed again
i think you might i think he's having some connection issues
um all right how about how about yeah holly's here holly's holly's up here from ash style
you got something to share with us holly yes yes thanks brothers um just first of all like
man what a busy week uh thanks set for you guys just showing that leadership i really appreciate
the way you responded to some of those things so it really makes us proud to be part of uh
what's going on at megaloo so um in terms of what's going on ash dao we've got a lot of things
in the pipeline some of it i can't kind of go deep into but um i'd like to begin with just uh
our guppy yuppie at ft so um if you join our um telegram you might get a couple little previews
there um of what's coming but uh i i tell you that guppy yuppie is going to be an amazing kind of
megaloo kind of missionary campaign into stargaze and beyond we want to uh awaken
the rest of the cosmos defy folks about what's happening megaloo so we're partnering with a
number of different um groups you know all the way from galactic learning clubs to ophir um uh
we're gonna actually do something with uh bad dog in there uh hachi um but we're we're basically
trying to do something groundbreaking here where we're bringing in a lot of the different partners
and then having them as subsections and then each of them are going to be bringing stuff in so like
for example shark shark is uh saying that they'll give 200 uh shark airdrop to whoever holds one of
the the shark uh subsections of the guppy nft so we'll get we'll break that down more in the future
but just uh it's going to be a kind of a we think it's going to be a kind of a revolutionary way of
kind of getting uh the nft scene to get connected into megaloo so um but we're also uh working
alongside uh with uh jg and backbone because we do um think what's going on there is with the
gravediggers is incredible so we're still working on our ash ball um we've got another thing i think
he kind of hinted at it um but i want to point out we we're kind of talking to a number of good
groups right now we're in some awesome conversations with wawa um and and kind of partner and and and
bad dog with that um and there's you know there's possibilities uh of the gravedigger conversation
going on there with those guys uh we're talking about the furnace and i just want to say again
thanks for uh you know we brought some of these some people approached us about burning uh they
love they love the furnace and we talked to uh seb and seb and um just over and above the call of
duty what's been going on and and and helping us envision you know what we can do with this furnace
and so we're we're excited to start reaching out there grabbing d5 people bringing them into this
new version of the furnace which they broke down really eloquently earlier um our ashdow treasury
is starting to get going we're we're working on the buyback so we do plan to make a big part of
what happens at ashdow is we buy whale we burn it we stake it and then terror stake it um so that's
that is huge we're planning on structuring the dow um and kind of with that i want to make an
announcement um so we have seven founding fathers of ashdow um and we have been working diligently
you know since you know early in december and we've can't believe it's only been since december
we've been working hard shipping a lot but um one of our founding fathers is an awesome member
of migulu who you guys probably all know his name is snacky and snacky has just been uh incredible
he helped us a lot with um visioning he helped us with the furnace he helped us with provo he's
you know he's just all over the place um but he's also an entrepreneur that this is his specialty he
helps get things off the ground and he he spoke to the team he said you know i have to step away
um from my duties at ashdow so he's stepping down he will forever be a founder of ashdow
so i'll say snacky you know that we love you you're you're part of us and part of the family
and we respect your decision to step down um but part of what's happened there and he suggested
this and it was already in alignment and we've been taking some time with it but we just spoke
with patrick aka khalibi who you would probably know from uh guppy dao he's been helping lead
a lot of the charge there and also uh working at ophir tirelessly as well um and so he is
joining the ashdow team so he's going to be our guppy ambassador but he's part of the ashdow team
and part of what's going on with that is we have this vision for ashdow to become um an incubator
uh and and but what we know that is bringing in you know artists uh this is something uh i know
jinch as an amazing artist has talked to jg about and talking with backbone of an introducing
series where we would start to help bring new nft artists in and under our kind of ashdow label
kind of introduce them to the community help them launch nft series and then with that actually help
them launch um uh actually dows because if you know patrick and what ras who's part of our team
really have helped structure our dao and and and so we want to create a kind of like an offering
of services to help projects kind of come under as sub-dows and then we kind of help launch them
out and then we're talking about this idea of an ash alliance where we would have these groups
kind of part of the ashdow they kind of have their own communities but also connected in
um none of that none of this has been totally hammered out we're actually having an amazing
discussion later as a team we're going to meet with sendcom and um but this is kind of giving
you some ideas of what we're doing because i sometimes you wonder what what's next um we're
working on all this uh we're working on guppy uh obviously with the the guppy up enfts we're
working on utility for gash and thinking of some games and stuff we can work on there um so yeah i
that's that's the majority of it we do want to make a big announcement soon like i would say
we're working with uh chihuahua on a number of fronts uh and that will you including possible
graver furnace stuff um and we have others we're working with as well and the whole goal is always
to help uh draw people towards miglu see what miglu is doing that's our mission is to help
support all the protocols of miglu and part of that is going to be helping go you know kind of
interchange with things like the furnace and other things so so that we create that kind of uh you
know inter chain liquidity so um yeah that's ashdow announcement thanks for
opportunity to let you people know what we're doing
boom thank you sir thanks for the update yep sorry great appreciate it love here and love
hearing the updates myself even from what you guys are working on those are some legends you
named snacky and patrick um both legends both super value valuable assets to our to our community
to our ecosystem i know snacky was in here but it looks like he dipped out um but uh but both
powerful community members um yeah really good stuff um all right bruce bruce is now it looks
like he logged in on on the bruce man's account so um maybe he can give us the shark update maybe
we can circle back to that you there sir
go ahead sir the floor is yours
i'm talking to me mister we can hear you yeah we can hear you okay awesome man i don't know
what's going on got super ruck there i basically just sat and talked for like five minutes or
something and then when i started it was just quiet and then i realized oh shit i got ruck
so how much did you get did you get anything i was just completely quiet
we didn't hear anything you said before so you can you can start
perfect that's nice little little rehearsal so basically i was just talking about our liquidity
bootstrapping event our stream swap on the protocol let omniflex build so we're gonna
stream swap about or not about but precise five million shark tokens on the the bootstrapping
going to start on the 13th of march going to end up on the 15th and on the 15th of march the
stream is also also going to start the stream is going to take about eight to 10 hours and when
it's concluded we're going to have the price of the first live shark pools that's going to be
probably the best time to enter the investing if you want to say it like that if you want to
support and be a part of the community and gain some real high yield with shark tokens
because you know you know how it is in the megalow ecosystem you cannot stake a token and only get
one token back that doesn't make sense right you gotta provide for all of our chains so yeah that's
what we have been working on we're going to have tutorials videos we're going to have a test net
event where people can try it out so everybody can get comfortable with it that's basically it
from shark um i have a small update i'll try to get a small update out of mall regarding the
raccoon.bed version 4 um and he didn't really want to say anything so i wrote a little text
document asked him to read it i put it in a zip send it to him ask him to read it and what he didn't
know was that i put a little trojan horse in it so i could read his files and guys like if Leonardo
da Vinci he was alive today and he was building with three products he would definitely ask mall
for help no fucking doubt man because it's beautiful it's beautiful i can't wait for it
to launch and for us to try it that's basically all the updates i have today the guys are just
working tirelessly 12 hours 14 hours a day i'm trying to convince them to get some sleep and
drink some water but it's really hard these days they're totally sewn in hey did he just say he
put a trojan horse in his boy's fucking computer to look at his stuff oh for sure for sure i wanted
to have some good else for you guys and boy those guys buttholes are tight so yeah i had to get in
somehow well we appreciate the effort sir we appreciate you you doing what you need to do to
keep us informed you're trying to get involved but hey we all gotta we gotta do what we gotta do
right hey it's part of the game and i've never been afraid to do the dirty work that's for sure
okay sometimes in life you know it's hands down time
all right moving moving on thank you thank you for your time guys yeah we're congratulations
with the and congratulations with the bitcoin staking man that's a huge fucking deal man
that's very impressive yeah we're very excited about shark start token launch airdrop all of
it you know absolutely who isn't just another great addition to a thriving and blooming
ecosystem man like we are positioned perfectly for this bull run that we are just in the beginning of
yep yep all right thank you for the updates i'm i'm gonna real quick um i'll just give a couple
updates on both sale and oh fear um in regards to sale yeah so um the the roar airdrop is is open
for for claiming um we're also in talks with another team that's going to be proposing
um a liquidity deal soon um or they should be um we're we're almost we've almost kind of hammered
out some details it'll also be another airdrop to sales takers i'm not going to disclose who it is
just in case something doesn't work out or false or something but it looks like we're
looks like we're coming to a proposal and again you know these deals right like we can we can
negotiate and we can put a basic structure together but they're really up to the sale
dollars and i told the guys i was like listen we don't know what how the sale community is going
to react i don't know it's been all over the map you know it's it's um who knows so we can we can
make whatever we do we want but you gotta you gotta win the sale holders um which is good and
that's frankly how it's supposed to be right um but there will there should be another prop coming
up soon um on the on the governance forums of sales so so look for that i i think is a good deal
but again it's up to you guys um next so ophir ophir is um you know some interesting updates
there one the ophir founding members are they're just killers right they're just killers we already
talked about patrick being on there and there's some others um building front ends and websites
and um just you know automating all of our dial claims and things like that but basically um
basically what ophir is is a bunch of of megaloo natives of of crypto natives right um that are
that are managing this treasury and are growing this treasury as a council right and we're doing
all of this stuff like that we're we're you know we're taking our huge bag of whale we have five
million whale we're we're staking it on on terra v alliance and we're getting that getting in on
that gravy train and we're using those rewards um to buy btc and to and now by kuji right so we're
aggressively accumulating whale one we've already aggressively accumulated whale but we're
aggressively accumulating whale btc and kujira as kind of first three three assets to focus on
in our portfolio we have another you know we have we have a list of some others but then we're also
going to be farming airdrops um we're going to do an otc deal with shark right we're you know um
basically everything there is to do to kind of grow assets and grow this treasury that's you know
it's it's a bunch of it's a bunch of defy natives working together to to do all of that stuff
right so if if you want and and honestly like i've you know last night i had friends over like
like normie and real life friends and i'm telling them about ophir and they all want in
right they like it's it's very appealing to sort of normies but also like people that just don't
want to do all that that don't want to do all that work and claiming and re you know um rebalancing
and and optimizing like you just you could just buy a fear right you could just buy a fear it's
almost like uh like a crypto like an actively managed crypto funds right an actively managed
crypto hedge fund type of thing um so it's cool and it's different right and you know there are
some things on the road map like like yield like um distribution of yield right once dao dao gets
that tooling will distribute some yield um to uh you know to to the the ophir stakers and then
you know the big thing on the road map is a redeemable treasury right that's the big kind
of magic sauce so again i'm i'm very excited about ophir dao it's a it's it's a baby pet project
of mine and and looking forward to seeing it grow that being said we are doing another we're going
to do another investment round okay um and i i can share the details right so right now ophir is
trading just about at a half a cent i think last i checked um we're going to do it at about half
that price so 0.0025 um with uh with a six month vesting right so uh there's a three month cliff
and then just a six month six month vesting um so anybody so if you want to be in its public right
this isn't geared towards vcs this is geared towards whoever wants in our community right
retail um that kind of thing if you want to get in right at half the price um for a for a long term
bag um that round is going to open here soon and we're and it's in usdc right it's going to be in
usdc and we're going to take it and we're going to accumulate apex assets and we're gonna we're
going to grow the treasury with it and and put that to work so you know the people that that
entered on the founder if you made it in on the founders round you've done very well right you've
done very well it's it's five x um you know this is kind of a second opportunity to get in or get
more for those that want it um and there's there's high demand from what i've seen so far
so um reach out to to ophir um the ophir twitter account dmm if you're interested
but that's um that's that's coming soon right that's coming soon
so those are those are some more updates
all right what else do we got what else
we can um we can open up the floor now for anybody that has has anything to say any questions any
comments you know floor floor is open i don't know roman i don't know if you have something
you're you're you're uh a speaker do you have a question or something
that's a little awkward
all right
all right any other questions any other community member
no questions in the community call um channel on discord so and no comments here on twitter so
i think we can wrap it up here from at least from from yeah yeah i think this is a good place to
wrap it up um just uh closing remarks you know you guys are the you're the faithful you're our
you're our you know hardcore community members um you know price action's been been hard lately
been a little bit difficult just just being honest um that's one of the reasons why i appreciate
snacky is because he posts some good technical analysis charts and you know like his his
basically what his charts are screaming is we're way oversold right according to like we're
we're oversold to the point where we were where we were when we were trading at um under a penny
right just according to rsi and like those those figures that measure how almost old you are um so
you know hopefully we're hopefully we're we're bottoming here you know um and it could looking
back who knows right i don't know this isn't financial advice i'm purely speculating but
this could be one of those opportunities like when we were under a penny to just
to just grab a legendary bag right of of whale i i personally as founder think we're we're
ridiculously undervalued given everything that we have going on giving our given our community
all of our ecosystem projects that are building airdrops luna rewards right uh alliance what you
know first mover for btc restaking you know you you name it um but hey you know it is what it is
we just we keep building and and the market the market dictates the price right but um
but the um the charts are screaming oversold so we'll see so hopefully the pain is ending and i
think you know that the the price action lagging in this market has taken a toll on morale a little
bit you know i you can feel it right you can feel that in our community so you know these these
calls have been very important in in those lull times um just for morale just for encouragement
just for you guys to to hear from us on what's going on on all the updates and everything that
we're working on and building um you know we're doing everything we can to um to build out this
ecosystem right so and we appreciate your faithfulness we appreciate you coming to these and
and partaking and whatever whether you're on the nft side whether you're on the luna alliance taking
side whether you're an lp we just we appreciate everybody's involvement what they're bringing to
the table so um so yeah it's another good call another jam-packed call thank you all for coming
and we will talk again next week
let's go lfg let's go have a good one stay safe out there bye guys