Thank you. hello hello everybody we'll be starting in just one minute so just make sure to retweet this space. The link is on the core Twitter.
We're getting B14G up here.
We're getting Glyph up here.
I'm going to tell you all how to get all those sparks.
So yeah, just sit tight for a minute while we get everything set up. Thank you. Thank you. Thank you. all right we got b14g up here now i'm not sure if we're actually gonna have glyph
joining us today sadly but i believe we got eileen from b14g here and she's got all the info so me and her gonna
break it down for all you eileen is that you on the b14g account right now
thanks for having me here today eileen here hello hello it's good to have you back i'm excited to uh talk about dual core talk about
b14g liquidity provision sparks everything we're gonna get into it all
okay ready all right so just the first question in case all these people have been living under
a rock and they haven't been paying attention they they don't know what B14G is yet somehow.
Can you just give a quick intro about yourself and about B14G?
What is it? How can people earn yield with B14G? Tell us all.
Okay. So, hi everyone. I'm Aileen. I'm part of the team behind B14G.
So B14G is a marketplace where we connect Bitcoin stackers and card stackers for dual staking.
So you can join dual staking even with one type of assets. So normally, you know, dual-set stacking-on card requires you to stack both Bitcoin and
card at a certain ratio, let's say 1 Bitcoin and 20k card to earn the high-gift yield tier,
But if you're missing one, like if you just have Bitcoin and no call, your years drop significantly from like 5% Bitcoin APR to only 0.15% APR.
So we understand that not everyone has that much capital.
not everyone has that much capital. So we saw this by creating a marketplace where you can team up
with other core stackers. Let's say you are a Bitcoin staker, you have only Bitcoin, you can
team up with other core stackers and together you guys unlock the dual stacking rewards. So it's about collaboration to unlock the capital efficiency here.
Sorry, I didn't want to tell you all.
No, that's basic about our merch marketplace.
And just want to add more about the card stacking side.
We also have the liquid stacking token called dual card.
So for card stakers on our app, you can choose to opt for liquid stacking.
to opt for liquid staking.
So you stake call and you receive back the dual call, a liquid token
to participate further in DeFi while earning the dual staking rewards on our marketplace.
So that's all about B4TG.
Yeah, so great explanation. Let me just break it down first. For those who don't know about B14G. Yeah, so great explanation.
Let me just break it down first.
For those who don't know about dual staking,
so basically Core unlocked non-custodial Bitcoin staking,
which allows Bitcoiners to stake Bitcoin while remaining on the Bitcoin blockchain.
Bitcoin stays in their wallet the whole time,
and you could earn yield on that.
But then also, we also added in dual staking,
which means you can stake Bitcoin and core tokens
at the same time to earn enhanced yields.
So it really rewards the highest,
or the people who are most,
in the core ecosystem for the long term,
the people who have the most core tokens.
So basically, if you stake a certain amount
of bitcoin and a certain amount of core you unlock these higher tiers of yield right now it just got
updated so it's 24 000 core tokens to every one bitcoin so when you hear that it's like great
all right if i have one bitcoin and 24 000 core i can stake and get this higher yield but not every
bitcoiner has all this core and not every core holder has all this Bitcoin so b14g
merges the two let's say one person has one Bitcoin one core holder has 24,000 core b14g
lets them come together in the same order to unlock the higher yield together and then they
split the profits so that's why b14G has been, it's been exploding.
There's over 100 million TVL.
And their yields have been great too.
They're usually around 40%, like 20 to 40%.
It's because they're unlocking these higher tier of yields together.
And then they're splitting the profit.
So yeah, it's been super exciting.
And now we also have the dual core token too which
that's when things get crazy i'm glad we got cliff on on stage now here so we'll talk about dual core
in a sec but but we got we got kai from glyph here yeah sorry guys like i was um i i didn't
see the link but here i am and um can you guys hear me clearly yeah yeah now we hear you as long as you made it sir it's
good to have you here oh no problem man i uh i i said i would show it up and here i am
that's what we love to see all right kai you got to give the people a breakdown of what glyph is
how they can provide liquidity what else they can do on glyph just with the swapping, give them the full breakdown. Right, guys.
So let me have a quick look at our audience today, and I can see some new faces.
And okay, very quick recap.
Glyph exchange is the biggest DAX on core.
And while we have swapped, and also we have a pretty interesting Uniswap v4 which we have already laid down a lot of
groundwork for our users to enjoy like some of the more advanced DeFi features and these features
right now if you guys are interested feel free to PM us or contact us through our Discord, TG, or even Twitter.
And then we can walk you guys through how to actually use concentrated liquidity pools.
And we also have some pools like with automated position.
These words sound fancy, but you will understand that why you will need them once your DeFi
journey is getting more mature.
So this is the first thing about Glyph.
So it's the DAX and then you can swap your assets and also do liquidity provision and then generate yield from the trading fees of the pool.
And that's also another part of the Glyph Exchange business is relevant
to an upcoming launch pad feature, that's the Fair C20. Right now it's on the testnet
and we are about to launch the mainnet, so stay tuned on Glyph Exchange Twitter and all the social media announcements, then you guys will see there will be many more interesting
or also smaller projects.
They will come to us and then they will do their launch
through the Fair C20 standard.
So this is a very quick walkthrough of what we do on Core.
And also it's a DAX, so essentially it's a DAX.
But I assume also today our main character of the chat and this Twitter space,
I would really love to hear more from B14G, our ecosystem friend,
and Dylan, you are the best host, one of the best ones with the core team.
So love to hear more about E14G.
And then I think it's a very interesting project on core.
And also they have a very unique
way of sticking your Bitcoin and core.
And that way you can generate more yield relevant to their dual core token.
And right now we are having a very generous ignition program,
10x box going on for this asset.
And I would love to be part of the discussion to see what,
because I think we will have more of this similar DeFi tactics,
very unique to the core ecosystem to offer to our community.
All right. Thank you very much, Kai. Thank you for the kind words.
I just want to say first, did you say automatic liquidity provision or like it automates, make sure that you are always in range?
Is that what you're talking about for a sec?
So, well, right now we kind of unparalleled those tools
because apparently it's not that easy.
Cause we, I think back half a year ago,
we enabled maybe a little bit earlier,
even we enabled a game strategy.
So this is how the users, they can use them.
So it's like a, because in concentrated liquidity pools,
so it's not like the Uniswap V2
that when you are liquidity provider,
it's 50, 50% of both access
that you are adding to the pool um on glyph so with the concentrated
liquidity v4 model you can choose to be like maybe 30 versus 70 percent that kind of um action
the users they can choose to do that um but to do so you uh ideally you need to be more active and then see the fluctuation of the
usually say in the best example is like the core and USDT pool where you have like a risk
or value bearing asset which is the core token and the other side of it is the stable coin
but according to the market conditions every hour or even every day, so you might want
to adjust that 30, 70% proportion to enjoy the best yield because the yield comes from
the trading fee and if your position is not in range, in range as in because maybe you set
the price that you want to be, you want to have your liquidity be trading at a certain price range
and if there's market fluctuation, whether it's going up or going down, which is out of your range,
then the traders, they are swapping these assets, they are actually not using your liquidity and and
then that's why you won't be enjoying the yield so you need to have like a more active management
so to do so we actually have this gamma strategies that we enabled on three different pools
um their core usdt of course and coland our other ecosystem friend um coland and core and there's
one more i in my memory is like btcb and usdt you know so uh you can see what there if you want guys
want to find out more it's because that with that active management they actually um help you these
pools they are automated already so you you can basically do your LP and then
these guys, they would, and then you don't have to look at it because they were adjusted
as per market conditions, but you need to agree with the strategies first. So that's why I was
saying earlier, because it's kind of advanced. And if you are not too familiar with all that
advanced and if you are not too familiar with all that background information or like how
does the architecture work please feel free to communicate with us and we'll be happy
to explain further and walk you through the technicalities.
All right, yeah, so it automatically balances your position and makes sure that you stay
in range and are always earning trading fees. I like that a lot as sony's been providing liquidity on glyph you know it's frustrating
having to go in there all the time and manually do it myself and then fall out of range so
yeah that's something that i definitely perked my interest when you started talking about it
um and also before we get into the b14g liquidity pool if you want to talk a little bit more about
fair c20 i would love to hear more
about that i know it's called the up only standard right for the meme coins or is it more than just
meme coins we we need up only here yeah um yeah so well let's say it's okay people like tend to
understand uh meme coins it's like well okay let's call it meme coin because you can also issue your assets
with another project, you know,
it's like more a new token maintain creation standard.
The way my partner and I would like to call that
is a more user generated assets platform.
So right now when people talk about like launching
their token or doing their coins,
we simply say, okay, we go on Pum.Doc Fund or we can create a smart contract.
And then you don't necessarily need the product.
You basically just create the token and then you pay the right liquidity.
And then you have the marketplace and then people just trade right
so this is like what we are seeing currently and then let's rewind a little bit uh earlier
in last year so around 15 15 months ago when we had the blc20 fever so there was a there were ways
to uh we to create the asset on top of Bitcoin.
So that was like the wave of ordinals
and the early bull signs of this run.
So this is how we saw it.
And that was also the moment when we developed
the exchange and then we had this idea
to use the same logic on BLC20,
which is like you inscribe the value of the assets,
and then you divide the like Bitcoin.
Sorry, I don't want to go into too technical.
So each block, basically, you will produce like a Bitcoin,
like let's say one bitcoin you know so um the
brc20 idea is like they inscribe the data into sats which is the tiniest um uh unity of uh of
bitcoin so each side uh becomes like a brc20 that was the idea so we replicate that idea on FairC20, but we do this on core. So that means each
mint, once it's finished, what you're doing now on our testnet is that if you create,
say, for example, a DLen coin using FairC20, so it's immediately worth one of 10,000 pieces of core. So it's divided in that. So Dylan can choose, say,
I would allow 100 mints for my token. So there's 100 wallets, 100 holders. Ideally,
each person has only one wallet. that's in an ideal world.
That's what I'm saying. Then these 100 people, they are the asset holder of DLEN.
And then immediately, our mechanism allows this DLEN FACI 20 to be tradable once it's finished,
in FACI 20 to be tradable once it's finished, the minting.
So this is like, so the basic value of it is always one out of 10,000th of core.
So it's tiny, you know, so basically you don't, it's even cheaper than their fee.
And then from there, if everyone supports DLEN and DLAND brings around 10,000 community members,
so there's always 100 P's.
So that way, people will want, if they want to be part of this project and they want to
be also a DLAND token holder, that's how we call it up only because the value only goes
up as long as the community grows. And then if people want to exit from their project,
they can always have this consensus
and then just burn their assets.
And then it goes back to core, which the core,
doing the speculation or the trading period,
Say, for example, it started with like one of 10,000 each, and then it became one core.
You know, let's say that's 10,000 X.
You know, it's still one core, you know, but then what we are anticipating is like it's
100,000 X, then it's 10 core.
And then the community, the initial 100 guys, they will enjoy like a 10x growth.
It's like a very simple math to do.
So I think it's easier for you guys to understand if you interact with the testnet.
And we did it on purpose to allow people to have more time to interact with the testnet.
And that's how we receive feedback and then people, they understand the mechanism or not,
or if they don't understand it, what we can do to support more tutorial or more explanation.
And hence why, like we're on space talking about this over and over again,
because it's exclusive to Core. explanation. And hence why we're on space talking about this over and over again, because
it's exclusive to Core. This is something kind of like a half NFT and a half token thing.
And then people can use this standard to do something that's kind of different from what
people are trained to do on a PVP landscape. It's different. And then we also want to see like in this new
standard, do people actually like this way of minting because it's fair, you know, it's much
fairer than just doing the pumped off fan style, you know, this is kind of our vision.
I don't know if I like I I explained this in a too complicated way,
but I guess, yeah, I think the contents that we already published
are maybe easier to digest than you guys listen to me.
Yeah, no, that made sense.
So, I mean, what I'm taking away from it is that it's PVE instead of PVP,
Everybody could win. You don't have to rug somebody else. That, which we like a lot. Everybody could win.
You don't have to rug somebody else.
That's what we like to hear.
All right, so let's get into the main topic of discussion,
this B14G dual core and the vault.
Eileen, you think you could first just explain step by step
how people can get into the vault
and what they actually gain from getting this dual core token
before we actually talk about how how we could use it uh okay i i i was to tell my ideas about fair uh fancy 20 and dual cover
let me first explain to a call then user will understand my idea better after work. So for dual call right now,
just go to our app app.b4tingi.xyj and now you deposit the call
into the VAL and you will receive dual core, a liquid stacking token in return.
And then you could use the dual core across DeFi.
For example, swap it back to Core on Cliff,
add liquidity to the dual core core pool on Cliff,
and earn extra incentive like 10x packs, 14g points and g points.
So it's all about dual call. It is a yield bearing token. So every day after the daily reward snapshot of card staking,
it will upkeep more rewards from staking from dual staking.
So every day it will be more valuable relatively to core so um so yes that's by holding dual core you are sticking rewards
dual sticking rewards and stay liquid for other d5r all right yeah so just to break that down you
you go to b14g you go to the you deposit core, you get back this dual core token. But like Ali was
saying, this dual core token is always worth more than the core because it's earning that B14G
staking yield, which is pretty juicy, usually more than 20%. And then that token is actually
liquid. So then you can use it in DeFi, you can bring it over to Glyph. That's why we got both
them here today. And you can provide liquidity in a liquidity pool.
And then think about all you're earning.
You're earning the staking yield from holding the dual core.
You're earning B14G points.
You're earning Glyph points.
And now you're also earning 10X Sparks with core ignition.
So that is really unlocking the whole dual core token.
And then you get to earn more yield by actually putting it to work so it's
super exciting yeah Kai you want to say anything about that
I'm sorry just as yes sorry like because um yeah I just accidentally closed my
my space and can you guys hear me? You're good.
Yeah, I just made a very stupid mistake.
Yeah, so, yeah, I think earlier I was saying
because B14G and also they're still sticking,
they are very unique to the core DeFi ecosystem.
And basically, I think if people have been following us
for over six to 10 months,
everyone knows that we already secured our position
as like the biggest BTC DeFi ecosystem, right?
we have seen like other competitors, basically, they don't have the same strategy.
Like people might get their coin or like, but there's nothing else to do with the coin.
And you basically stick it. like DeFi summer until the Epic Blue Run in 2021, that basically the project is just
emitting more tokens and then to pay for the yield, which is not very sustainable in that
And we've seen a lot of projects working that way.
So what we are proposing as value proposition here as like ecosystem and also all of our ecosystem builders is that we can have a different form of liquid sticking.
That's what Ellen, she's mentioning about this interesting play about dual core, because it's actually not like the SD core on the official core
While you guys can have this liquid form of dual core,
and then you can swap back to core
because it's liquid on Glyph.
And at the same time, their platform, their marketplace helps you to take a cut
from the existing use-taking mechanism. So this is very unique because if you look at,
Solana is not the best example. Let's use someone which is similar to us, like Ethereum.
For example, let's say you stick Ethereum and then you get the LIDL Ethereum.
But then what to do with the LIDL Ethereum?
Actually, it's quite similar, you know, the way B14G is proposing to the community
because they take a cut from that's how the business model works.
And then people actually consume the COA token
and then they can interact with Glyph.
And then, like I said, because we run a DAX business,
so our main business is about people doing their LP
and also trading, and then the project has traction
and it generates the fee.
So it's very sustainable.
And then we are working this flywheel with the ecosystem and also with other builders.
And then I think, I'm not sure if there's new news already available.
Well, I don't want to talk too much about um
maybe some other new projects they're gonna follow similar strategy all right give us the alpha man
come on i'm getting out of you what are you talking about no just uh just follow twitter
like i just like see one of our business chats um that one of our core ecosystem major partner, they say they are going live.
I think that's what I'm saying,
because for people who've been following us for longer,
they should have seen, especially on Glyph,
that there are actually more and more pools. They are
coming to Glyph and coming to core. And then we are building, as ecosystem builders, we
see the traction, even though people might not see it as the way we see it, because we
are actually very active daily on the business chats with all our partners.
And so there's also a very interesting guy, as interesting as B14G. And again, they're very unique to the BTC5 narrative and also BTC,
and like the core DeFi strategy.
And then you guys will see them available maybe today.
Maybe it's already public.
I still don't want to leak too much.
But it's exciting because we can see our efforts are being materialized
You guys heard the man. There's new
BTC5 project going live today.
Make sure you follow the core ecosystem Twitter. all the important ecosystem news is going up on there
so i guarantee if there's a new bitcoin defy app being you know going live today the ecosystem
account will post about it probably the main two but stay on glyph as well um but yeah for
everybody who didn't get that you could take this dual core token which is earning yield
deposit in a b14g pool then you're earning trading fees from everybody trading your tokens
also there's very minimal um impermanent loss because it's so tied to the to the core token
it's just the same thing but earning yield and then you're earning trading fees you're earning that
trading fees you're earning that uh b14g dual staking max satoshi tier yield which is around
20 i think for for b14g then you're also earning b14g points glyph points and then the 10x sparks
guys so you really gotta take it take advantage of this opportunity i know i am um but yeah what's
it called do we have any upcoming campaigns to promote with dual core and core or anything? I don't know guys. Can you give us any alpha? I know Kai was dropping a little bit alpha there, but floor is open for you guys both. I don't know if we got any upcoming opportunities in the future coming on.
Right now, we already have the liquidity providing campaigns on Clif right now, guys.
So it's already 10x bucks daily here just by adding liquidity to the dual coin coin.
And upcoming, I cannot confirm here, but let's see how it's going and who knows.
You know, like, I think it's live.
So it's one of the most like the biggest Bitcoin
back stablecoin project. They if you pay attention to some
small traces on Glyph, actually, we already set up some pools for
these boys and potentially like look at that B14G very unique
model. If now they're supporting this dual sticking for
Core and BTC. So what will happen if they walk with these guys and yeah, these are some of the
outfits that I can leak, but I'm not leaking anything because I think it's always like coordinated efforts of our ecosystem partners.
And with the Tynac Sparks and the current edition season three, which we're just getting
things started and it's going to last until when, Dylan, like in September or something
So this season, we really focus a lot on how to get all of this like very solid and very
strong projects on on the ecosystem and then that way is how we generate that uh sustainable yield
and also volume and uh um like have the traction for our community as well,
because I also know some of the community guys
that call their cocaine something more on the culture side of the ecosystem.
So these are things that I don't know too much about,
but I've been like active and also I talk to you guys very frequently.
So those others I'm not going to leak.
I'm not going to share too much because I actually don't have those details.
But imagine if we can move moving on all this like ignition and also this new project and also how we can engineer this yield incentives for our community and that's
why they will stay with us and why that's why they are like core Toshis you know
yeah that long-term yield that's what I like to hear that's what we're talking
about um now Eileen I got a question about it's a long-term based question so
how does dual core aim to maintain long-term liquidity depth?
I think the long-term liquidity depth can be maintained or not, will be based on the risks,
like how the level of risks associated with user deposits liquidity into the pool.
And right now actually for dual-core,
and usually the risk is we're talking about the impermanent loss when providing liquidity into the pool
but right now for dual cost seen is liquid staking tokens so its price is relatively
Not to mention that every day
will be relatively more valuable
there will be less price volatility
And even when there is a price gap,
user will naturally arbitrate to keep the pool back to balance.
So the impermanent loss is low for liquidity provider.
And also along with that,
we have sustainable incentive for users to either earn GPoI, Ignition Spark, or B14G's POI, and also user earn trading fees on top of it.
So that's how tool core liquidity will be maintained.
Okay, great. Yeah, perfect.
And I don't know if you could share anything from the upcoming roadmap, Eileen,
but are there any future plans for new vaults or maybe different dApps utilizing dual core
dual core so people can get even more yield? I don't know.
so people can get even more yield? I don't know.
liquidity is the main, you know, liquidity means utility. So the more liquidity
dual core have, the more we could integrate it for apps and protocols. So our roadmap,
currently Duocoin can be traded on Glyph,
can be used for borrow and lending on Sumo Money.
And our upcoming roadmap, of course,
to expand the DApp integration of Duocoin
integration of dualcoin into more DAF, more lending markets.
into more DApps, more lending markets.
And, and of course we are more PTC vault, something of using looping to maximize your use.
That's what I can share right now.
Ah, also, as Kai have shared about his FACI token, I really think it's really interesting.
So from what I know, users could use one call to mean FACI token.
So call will become the baseline of FACI tokens.
And so thinking Kai, how about using dual call to mean FACI token?
So now dual call become the baseline value
which means it's naturally increased value every day
dual staking rewards every day.
So it's become truly app only. What do you think?
Yeah, I was about to echo on this point and but yeah, since you had mentioned about this, so
for whoever is here at the audience today, it's a very interesting possibility that we can simply because look, I think this is like
a way maybe we re-engineered how speculation may have some sort of protection, so to speak.
Because if you are using a liquid sticking form of assets as like a value anchor of something
very volatile, we are actively exploring how could that make sense and then also mathematically
speaking would that generate too much fluctuation and blew up the underlying assets or something
But I think we are not big enough to over worry about such risks.
But what Ellen mentions is very interesting and it's also very unique because say for example,
you are holding an underlying asset, in our case it's core, and then you use the linguistic, one of the linguistic forms, like a dual core token.
And then while you use this like as a speculative, sorry, to pair with like a speculative asset, say, for example, the DLEN token.
And then DLEN token pumps 10x the first hour of its launch.
And then you can just swap back to dual core while actually your underlying core is still
earning yield because it's like taking advantage of the dual token mechanism from B14G.
But what if like the market goes wrong and then DLN rocks everyone, you know, like, just excuse me for my humor here, DLN.
Then, oh, you realize that your DLN token has no more value, you know, but then when you redeem it because your underlying asset is still like earning yield. So basically it mitigates your loss of the speculative asset. And at the same
time, you still like, it's kind of like you get an insurance for your lottery ticket.
I think this is like the best way I can put it and it's kind of interesting if we think
about it. And then I think it's something we can definitely uh look
forward to it's happening in the near future and hopefully we can get this done uh sometime within
season three and that will be we plan everything together and then there's more um dynamics for our
community all right yeah yeah no i'm really excited for that um thanks for breaking it down for our community. All right. Yeah. Yeah.
No, I'm really excited for that.
Thanks for breaking it down.
So, yeah, I think we've pretty much covered everything.
So just to break it down one more time, if you're not utilizing this yield farming strategy,
you're kind of missing out.
You stake your core on B14G.
You get that dual core token,
which is earning like 20 apy
then you bring it over to glyph you provide liquidity then you're earning trading fields
then you're earning trading fees you're earning glyph points you're earning b14g points and now
with the core ignition drop sparks program you're earning that 10x sparks as well so uh yeah if
you're not doing that you're kind of missing out, guys.
There's always these yield plays in the core ecosystem. You got to pay attention. You got to turn to the space like this. You got to pay attention to ignition. So yeah, thank you so much,
Eileen and Kai from B14G and Glyph for breaking all down with us, telling us about the future
roadmap. Super excited for what's to come. And yeah, guys, tap into that strategy. So once again, thank you guys.
I don't know if you want to say any final words before we leave,
Like every time I try to click my kids on, it's like, sorry,
like I think there's something wrong with my phone.
Yeah, so I think it's like kind of a short introduction or like
a quick catch up for everyone what's happening on Core and B14G and also what's happening
with like upcoming projects onboarding on Core. All of these guys, they are actually having
pretty interesting core specific
So make sure that you guys check us out every now and then
and follow the initial news to get the alpha.
You know, I think this is the most interesting part of like
part of like being part of the core ecosystem.
being part of the core ecosystem.
Yeah. Yeah. Looking forward totally.
And also just want to thank Stalin, thanks Kai,
and everyone for tuning in today.
Very great time with you on today.
Well, thank you guys once again.
Thank you to all the listeners.
Make sure to follow all the accounts.
And yeah, tune to the next space.
I will see you guys later.
Have a good day, everybody.