Hello everyone and welcome to the club. I can see people assigned to tune in and we have CJ from Carpen. I just accepted your request to speak on
also. Hey, thanks so much. Are you able to hear me? Yes, loud and clear. Hey, CJ, good to hear back from you, man. Yeah, awesome. Got to be back here.
How is life over in your end? Well, it's really heck big, but it's really awesome. We are really pushing out features that have never been done before, so it's exciting, but also heck thick. Yeah, how about you? Crypto and Cosmos
never sleeps right? I mean, yeah, all things good over here. The Cosmos ecosystem seems to grow like never before, which is really what we like to see. It's fantastic really. I mean, I'm sure you saw neutron launching their consumer chain and air drop and all that kind of stuff.
stuff. It's really great to see, to be honest, all the hard work and all the vision and all the stuff that we set out to do in Cosmos is starting to become reality. It's beautiful. It's beautiful to see. Bear Markets are truly for builders.
especially in cosmos. Definitely. We have been just building on top and really excited to see Neutron go in light. Have you claimed their job? I haven't claimed it yet, but I look forward to claiming it after this. Yeah, so I personally I did and also
We were doing a, we haven't published it yet, but we were doing sort of a guide or tutorial, whatever you want to call it, for how people can do it. Because a lot of people seemed at least on CT on Twitter. They seemed profoundly confused how to do it.
But it was pretty straightforward by doing it via Adam or using the Adam token and just sending an IBC transfer to Neutron. At least if you try that before, it's very much the same process.
I don't know why. I think there was a guide or tutorial floating that people should try to do it by our smokers in USDC. But yeah, I didn't try that. It just seems like that's what people are struggling with to claim the adrop. But Adam worked like a charm, bridging Adam to neutral.
Alright, let's get to here. I'll try that method. I think I saw like one of the validators I can remember they had like this really short tweet about it and it was into like figuring it out using that way. So yeah, I'm super excited to see Neutron going live. I've been anticipating it and kind of way
to see what kind of collaborations we can find with Neutron and the wider cost-moves ecosystem as well. Definitely. I mean, let us know if you want to get in touch with them. We have them on, I think, twice now. Yeah, spade and the rest of
the team is doing a great job pushing the barriers to what you can do with Cosmosub and Cosmos in general. But yeah, enough about Neutron and Cosmos in general. Today we want to talk about Carbon and DMX and all the exciting things that you guys are building.
So welcome everyone to the Customs Club, where we talk all things Customs. We summarized that, it was going on in a weekly sort of overview. And then we invite interesting, fascinating, hardworking builders like CJ today from Carbon. Welcome CJ. - Hey, thanks for having me.
So, we like to start these, I don't think we did that with you yet, at least I don't remember us doing it, but we like to start these kind of spaces just having a bit of a personal background story of how you CJ ended up working with and for carbon and DMX and all.
the exciting things you guys are building these days. Yeah, sure. So my story is a little interesting in the sense that although I graduated from business school, I went to do my own animation and video production business for about seven, eight years before I actually entered the web tree in about
2019 so that's when I went into Web Tree or into crypto more seriously of course I heard about it as early as 2014 but unfortunately I dismissed the idea but I'm here now so that's not matters and from 2019 I was
a research analyst at first going through various protocols, understanding how they work, coming up with valuation frameworks to understand is this a good investment, how do I like trade this, what's going to be like my portfolio like. So I was more interested in the financial aspects that did really well.
So in 2022, I did pretty well and I wanted to go more into the building side. So I am basically now helping with carbon on product strategy, like deciding helping to see what features we should build next to help traders and how about users
to really achieve what they want to do on chain. And then I'm also helping with business development. So I made a lot of friends being an analyst back then. And I am now trying to see how we can collaborate with more protocols to see if we have synergies and basically go together. So that's how I came to join Carbon End Demix.
beautiful. And you guys had quite some steps along the way with carbon. I think just for the uninitiated and for people who hasn't been paying much attention, because you have the SWTH token, you have the carbon protocol, you have the DMX exchange,
Pushing just give us a quick overview I guess for the uninitiated listener and how all this ties together and the story behind that. Yeah, thanks for asking this. It's actually a really interesting story because we started all the way back in 2018, 2017. We were the first other book decks I believe or any
the first other book that is Crush Chain which means we were on the Neo ecosystem. Neo in some sense is like the China Ethereum and we created the first atomic swap between the Neo ecosystem and the Ethereum ecosystem. So two different ecosystems. Remember this is back in like couldn't it?
where you didn't have bridges and audit, you could essentially swap new with Ethereum on our exchange in a completely decentralized permissionless way. And this was just not something that was popular back then. If you want to trade cross-chain assets,
back in 2018, it's basically all done on an exchange, like a centralized exchange where you had to give your keys. I mean, it's not your keys, not your crypto. We all know that saying. So we were the only platform that was giving this benefit where you keep your keys, where you access our platform to a web tree wallet and you hold
your assets throughout the entire process. So that was really cool. It was the very first deck that I used. So surprisingly, Unisforb was in the first deck that I used. It was actually switch-on. In Singapore, we are based in Singapore. The whole team is dogs. We are known
in Singapore. Most Singaporeans who have been crypto for a while since 2018 also use switcher exchange as its first thanks. So really happy about that. But we decided that we really want to be interoperable. Like we see like a really multi-chain future.
So we were looking for a suitable solution because we built our entire decks with our own technology So there wasn't any like library that we could use that made it like a standard between a crushing communication So if we see a lot more change in the future we will have to custom make and tailor me all of this a
transactions and question communication switch just wasn't scalable. So we found cross-mouse SDK and they were basically what we were looking for in terms of the interoperability features. So we pivoted and reviewed our entire engine on cross-mouse SDK, which talked about, it's not about like a year.
somewhere around there. And at the same time, there were certain regulatory concerns. Right, so our company was called switcher labs, our exchange and the company name were like the same name. So we wanted to focus on decentralizing the entire protocol
further. So that's why we we branded into carbon network. So that's also going to help with in the future, if your labs were, it's like no longer around carbon network and its decentralized validators can continue to validate the network even without us. So that's how that's part of our decentralized
future. And when we go on to Cosmos, we will really quickly enable IBC and we are now really interoperable across multiple Cosmos chains as well as multiple EVM chains. So we have connections with like ZKCing error, IBitram, Polygon, BSC,
etc with our own bridging technology but we are also partnered with XLR call for their XLR bridge so two bridging solutions and yeah that's basically our where we are right now where we are building really interesting defy applications that are Clushchain focus
And one of those which is getting a lot of attention these days and I'm sure we're getting even more attention as to the time passes is the DMX app. Perhaps talk to us about that and any other tabs that you want to highlight of course. Yeah definitely DMX is our main
So, I wanted to explain this in a really simple way. So, if we use the analogy of a phone, I mean, cause people are not really clear between what is carbon and what is D-max. So, using the analogy of a phone, carbon is kind of like the CPU, it's really powerful.
do a lot of things. But as a user, you don't really talk to the CPU directly. You talk to the CPU by inputting gestures on the screen, which then the CPU knows what you want. So think of DMX like the screen, the user in the face, where you input your commands, and then DMX helps you to interact with the
really powerful smart contracts that are on carbon, which is sort of like the CPU in the back end. So that's like the difference in case people are confused between two of them. And DMX is our main decentralized exchange. It has a lot of different features. So if you are like a
trader looking to trade spot or perpetuals or do landing and boring or providing liquidity. Those are all the features that you can do. And I'll stop here because there are some new features that we're going to go live soon. That's really interesting and I'll talk about that when we reach that question.
We love Alpha, so anything you want to spill, don't hold yourself back. But yeah, just for people out there who hasn't tried DMX, it's really what I like to say is a one-stop shop for all things D5. I like your analogy.
between the like with the phone CPU, like the carbon, the underlying blockchain is the CPU and the screen, the interface that you interact with is DMX. I really want you to see when you go on DMX straight off is sort of like you can bridge and add all these different assets
from all these different chains, cougeras, moses, strides, polygon you mentioned, like this is so many. So in a sense a one-stop shop all roads lead to this and then you can do things where it's right, you can trade, you can borrow against with a land and borrow, you can
you can do all these different things on TMX which is pretty cool I think in a way like DeFi is becoming more more complicated for more more people so having this one stop shop is really a blessing for a lot of people I'm sure is that sort of the the approach
you guys are taking the bet that you're taking also is that DMX should be the one stop shop or is it just me spitballing here? No you're absolutely right. We see DeFi being this complicated mess of different ecosystems, different protocols in their own isolated islands and we basically want to
collaborate with all of them and have the Demaxes the one-stop shop where you can use all of these different assets and you basically don't have to go anywhere else and now we are also available on mobile thanks to our partners at lip wallet and you can trade on the gold as well so it's really convenient and
And the idea is to sort of be like an alternative to a centralized exchange. So we are really close to that vision. And I think very soon we will reach there where I personally will start to trade on DMX because it's just better than trading on a centralized exchange for certain stuff.
Awesome, awesome. Do you want to touch upon other taps that you guys are working on or you want to save that for later or just discarded you choose? But yeah, I think you guys are mostly famous for DMX and that makes a ton of sense. But yeah, I just want to give you the chance
to talk about other apps if there's anything in the making that you want to highlight. Yeah, so one thing that is coming is our carbon EVM. For those who are familiar with like F-MOS or Canto or maybe even Cava, they have like a EVM network that you can access, but they are actually
built on cost notes. So that's something that people may not realize. And we basically have launched our carbon EVM. So we will have our own network on EVM. If you are on Metamask, you can change the network to carbon. And we're going to launch a lot of different EVM protocols.
on our carbon EVM soon and of course it's also linked to DMX so you can go on to carbon metamass and connect to DMX so those will be interlinked about I mean DMX itself is multi-chain so whether you're coming from carbon EVM or coming from any EVM that we support from arbitrum etc it's also actually
accessible, but the security improvements going from non-native chain, which is carbon, will be better. So on the carbon EDM side, we kind of announce what we are launching at the moment. Just know that things are being built and things will launch
soon, but on DMAX I can share some pretty interesting alpha. So we started building this a while back and I started to tease this. I think around the start of the year where we are building a liquidity module that will really help solve liquidity for our markets and
In fact, liquidity is a big problem and really important thing, especially for perpetual exchanges like our CycdMex. So we're going to call it, I don't show us the name yet, but it's essentially like GLP, but for an auto book. So for those who are not familiar with GLP, it's like a liquidity pool.
Let's say there are 10 markets, right? And you put in 1K. We can take that 1K and put it across all 10 markets simultaneously so that it becomes 10K worth of liquidity. Of course, if a trader were to take the liquidity and then it would simultaneously across markets be reduced according to how much they took.
So this is really interesting because you basically become a market maker on a perpetual exchange in a decentralized way and you can provide market making for any market. It doesn't even need to be a DeFi asset. It can be an NFT. If you want to provide the market making
the creative for an NFT market like a zookey or something, right? You think they can and then you can allow traders to trade that market. And if they lose money, you earn their money and they also pay fees and interest rates because of leverage and all that. So you earn all those. So there are three ways that you earn. You earn from traders losses
you earn from the maker fee, the biving the maker, you earn from interest rates that they pay you because they are on leverage. So it's a really fascinating product that doesn't exist anywhere in crypto. So we are really excited to be the first to launch the first perpetual AMM for a Dex autobook. So that's
that's the thing that we have been busy viewing. Damn, that's pretty damn cool man. I mean there's a lot I want to unpack there but the first I think is about the carbon EVM because you also integrate with Ethereum, Arbitrum, all kinds of EVM changes.
really. How does that on DMX by the way I should say? So how does that work with the carbon EVM which you run transactions through the carbon EVM or do you just want to keep that as a separate thing so to say? Yeah, how does that overlap? Basically I think it's a question.
So I think for an user, for all intents and purposes, they can just treat it as a separate EVM. They can choose to migrate their existing EVM to the carbon EVM, but it's optional. I think it's optional. It might be mandatory and not too sure.
But basically it doesn't really matter if you trade from carbon EVM or if you continue to trade from whichever EVM you are trading on. So it's just an other option for users. Yeah, okay. And how yeah, so that's because you are, let's say you're because
coming more and more this one stop shop. How do you see the carbon EVM, I guess, at the centerpiece between the world of cosmos and the world of EVM chains? Is that how you see it? Like the carbon EVM implementation will work very much as a
bridge or is it more like put your asses there? How does that tie together with the existing set of things? I think I can get what you mean, but essentially it works like a bridge. So you unfortunately, I believe have to use the Metamask wallet, but if you have
mask and you are a fan of the cost most ecosystem and you have a lot of assets and cost most you can bridge them over into carbon EVM which we can launch a lot of very familiar EVM protocols whether it's like a unisob or it's like a money market
that is closer to our way of basically built on EVM, that's something that can be done. But we probably won't do anything that is already available on DMAX, but there is just so much innovation happening on the EVM front in terms of what users can use in DFI.
EVM seems to be where most of the innovation is coming from. And we, this would allow our EVM would allow us to quickly build and sort of like allow us to see where the innovation is, what the innovation is and then really quickly on carbon EVM and the cost most users
can then bridge it over onto carbon, which is still a cost-mores chain. So an IBC transfer is very secure, and then move those over onto carbon EVM to partake in those carbon EVM protocols that we have built. I see. I see.
I want to talk about another, I don't know if we call it an adap but your stablecoin but before the the USC but before we do that, I just want to try to I guess take a step back and look at the industry as a whole because I think you guys have a very unique
potential position there. I mean after the whole FTX collapse there was sort of a whole left in the market for exchanges, perpetual trading, etc. which FTX was dominating just a year back maybe a little more.
I know a lot of people move to other centralized exchanges. Binance, for example, will played also by CC over finance. But I think a lot of people that I remember also back then said, "Okay, this is not a crypto problem. This is a centralized
central point of failure, people sitting in the background and doing all kinds of stuff with assets. This is a problem with finance, not crypto, not blockchain. The problem is not crypto, the answer is crypto and blockchain and decentralization.
And of course, a lot of people said, "Now is the time that you want to move your funds to Dex's, et cetera, et cetera." So I guess a question on that is, "One, have you seen that happen after the whole FTX collapse and a whole that was left in the market? Have you seen an inflow or more interest around decentralized exchanges, perpetual trading?"
And the second question just after that is how do you guys see that unfold in the years to come because this is probably not the last time that we hear someone like FTX collapse like this. So yeah, I'll let you take up whichever question you want to take first.
Yeah, so this is really real stuff and these kind of issues and crisis affects real people and real money So it's it's a really important problem that we want to solve because it helps to bring finance forward right and making sure this kind of like black box situations won't happen ever again
So we actually did see a huge influx of volume and users on our exchange after the FDX crisis and although some of them have left it's a good sign that overall we have sort of like permanently, I mean not permanently but so far
the volume has been higher than before the FTX incident. So that's a really good sign. That means that traders have come and they have stayed and they are continuing to trade on our platform. So really good sign. I don't know about the rest but I do know that per that
in general have came into the limelight due to this incident and they have definitely gained more market awareness. I'm not sure specifically if the volume has been consistently higher now than before FDA, it's crisis, but I do know this is now a huge
things that people are thinking about. So that's really good in terms of making sure people really care more about the security and the custody of their assets. So that's what we are always, we try to ensure that our user funds are safe, right? We have been around for so many years and so
We are happy to say that our users have not lost any funds and we continue to ensure that that will be the case. And in terms of the second question, where I see things moving forward, it's a really interesting situation right now where regulations is getting stricter. It seems like either
US isn't very dead friendly to exchanges and most of the exchanges are based in like the big exchanges have a presence in US and no matter what even if you're not based in US, US has a very strong presence globally. So I think it wouldn't be too far from
the truth to say that there will be more interest in building up decentralized exchanges due to the uncertainty of US regulations. And now it's not so uncertain in the sense that it's getting more and more certain that they're not too keen to help.
So that's actually a sort of like a tailwind for dexers and pro dexers to continue to grow. So we definitely see in the investment space, like the VC space, VCs are more keen on decentralized solutions. So that's definitely good. And on our end,
will be continue to have the same vision to be a fully decentralized and permissionless alternative to centralized exchange with the goal that whatever you want to do and more on a centralized exchange, you can do on DMAX. Maybe because we are also defy and you can do a lot of really cool D5 stuff on DMAX that you can't do on
is then try to exchange. Exactly. And yeah, that's why I bring it up also because again, for anyone who hasn't tried DMX, it makes me feel a little bit like FTX. That's the vibe that I'm getting when I enter the site and all that kind of stuff. I was lucky that I wasn't a big user with
I didn't have any assets really there. But what I remember from using FTX is very much the same experience on DMX, which I think is a good thing. I mean, for all the best of FTX, it's created. They created a stellar product. Right? The interface was beautiful. It was intuitive.
There's a reason why it became so big, so fast, I think. So yeah, I just wanted to ask that question about from someone like yourself, who has deepened the weeds of exchanges and all that. If you've seen the movement towards decentralization and taxes after
something like FTX, but this will take some time. I mean, finance has been built up for centuries now. So it won't just disappear, decentralized finance institutions, they won't just disappear overnight. It will take some time. So, or they will adopt, of course.
Definitely. I think what's interesting to see is also we have like the centralized market makers. They are also somewhat taking taking it's getting harder for them. So some of them have left as we may have effort and that's why we really
push the decentralized market making feature that I talked about. So I think it will be quite interesting to see how the market reacts to the first decentralized market making for a pub market. And that just shows how convicted we are in basic
making sure the entire platform is decentralized and now that we have a decentralized market-making solution where anyone can just put USDC and be a market-maker on the other book, we are going to look into decentralizing the front end next. Right now D-max is the only front end but very
soon there will be other front ends and there will be an incentives for front end operators to host our front end so that it's not just rely on us as a single front end. So really believing in the decentralized vision and pushing features that will help achieve this while still making sure traders have
the best features and best experience for their trading journey. >> Beautiful. Talk to us about the stablecoin. I think stablecoins are popping up in many different protocols these days. Could GIRAs, USK, IST, of course.
Yeah, secret network and shade was silk. There's a lot of different stablecoins in cosmos and beyond. So yeah, talk to us about the USC and how people shouldn't be afraid of a death spiral that we saw with the lunar crash.
Yeah, so I think the main difference is that USC is a over collateralized stablecoin, which means that we have more assets backing it than the available supply of USC. And what happened with UST was that they were not over
collateralized, they were algorithmically tanked, which means that if the faith was lost, there was a bank run, then basically it was destined to have a death spiral. But in our case, because USC is always worth, has backing the
work more than the USC that is minted out. There's always value in the USC. You can always buy back USC to be paid your loan so that you have basically caught on a discount on your loan. So that is like the main
I mean, and battle really, really battle tested methodology that make a doubt. They are stable points for die. They started with that and it has existed all the way here today and usk also follows the same over collateralized model.
testament to how reliable this model is and throughout the entire lifespan of crypto, Dying has not, uh, deep pack permanently and there are a lot of other protocols that follow this better tested model and we are also one of them. Uh, but I think where we differentiate is we are all
also the first to launch a algorithmic interest rate. So it is not the same as algorithmic tank. Our interest rate has followed this algorithm that changes the increases when it sees that the price of
The U.S.C. is high and it decreases when the price of U.S.C. is, I think I'll make that up. When the price of U.S.C. is over $1, the interest rate automatically gets reduced to encourage more people to mint.
so that you can mean and sell it and reduce the price back down to $1 and when it's below $1, there's too much selling pressure so the interest rate goes back up and it keeps going up until it goes back to $1 so people who feel there is no longer work holding this USC
asset because of the debt they were buying back from the market to increase the price and then return back the loan. So we have done this algorithmic interest rate and we are happy to share that after we did that, that the price of USC has been a lot more stable.
Nice. I was about to ask that question because I'm looking at the DMX Nitron market, the money market right now. You can see there's a vases that you can learn, the vases you can borrow slash mint. So basically the mint part is for USC, your stablecoin. So
If I'm not mistaken, and again, this is also for the user who hasn't been paying as much attention as you guys have of course. So basically I can deposit or lend all the different assets on the left side, Osmo, Kuchi, Stride, Adam,
a lot. And then using those assets, all those can be used to mint USC. Is that correct? Yes, that's right. Nice. So there's a lot of different assets that I can use way more than USK, for example, on Cajira right now.
Yeah, and we are really open to feedback. So we have done a risk framework in understanding what kind of assets we can list and what kind of parameters the collateral will have so that we protect our landers. And we have also created a public degradation platform where as
anyone can become the liquidator and unbonus whenever they liquidate someone. So this really helps to ensure that the protocol and the landers will not incur any kind of bad debt. And that allows us to also be more aggressive in the kind of
of assets that we released and we actually listed the first ever LP token as a collateral in cost loans. So we did that without with our own liquid stake swift. So that's known as R-sweef, right in our partnership with step by protocol. So they help us to create R-sweef
which is liquid stick swift and we were thinking we want to make sure as with hands as much liquidity as possible right because the main point of an LSD is how liquid the LP is so instead of listing as a collateral on Nitron we thought of listing as with with LP as a collateral
So we will incentivize that pool and that means that people that want to earn the incentives will have to provide LP and then deposit that LP asset and earn the incentive and then they can also use it as collateral to borrow other assets. So that's really interesting and we are excited to share
that we have more LP tokens with other chains coming up and it's going to be quite interesting. The one upcoming, I'm going to share some alpha we're going to we're working with Ion which is I think there are a part of the osmosis for a really interesting LP token that's coming up soon. I believe
this month. So keep a look out for that and it's going to be really interesting to see about kind of assets we can list on Nitron to really push the D5 forward. And I noticed also that the R Swift pool
or LP token that you can use to borrow, sorry, to lend on the nitride market, which is, I mean, is yield generation on steroids. And at the same time, be able to borrow against it, for example, mint USC, a lot of other products, not a lot, but
all the protocols have done the same, and it's a really, really effective yield generation strategy. So we're done on that, and I can see just the numbers speak for themselves, right? There's almost 350,000 US dollars locked up or lent in that R Swift, Swift pool on Nitron.
Yeah, we were so surprised. I think it filled up to the brim in like one hour very first launch and then we kept increasing the capacity. So now it's about like 350k and I think it's reaching it's almost too soon. So we will see if you want to increase it.
again in a bit. Makes sense, makes sense. Talk to us about these we've token in general. That gets left out a bit because you have so many cool things going on. But talk to us about the token. Yeah, sure. Our token is actually quite interesting. It's similar to
to like a real year token because all of the trades that happen on DMX incur trading fees and this trading fees a portion goes to swift stakers. So if you are sticking to it, right, you basically stick one asset to it and you earn a
diversified yield of assets from Bitcoin to E to Ethereum to Osmo etc. Anything that gets traded gets like the portion of it gets sent to the three-staking pool. So it's really interesting but what's also interesting is we are really
focusing on perpetual markets and that is all denominated in USD. So very soon, once our volume continues to increase further and further, you stick swift and you're going to get even more and more USD, which is really nice. It's like dividends. You stick
our native governance token and then you earn USD as one of the bigger components of the rewards that you get. So we're hoping that eventually you can just stick to it and then you just earn enough USD to play for stuff in your life so that's the goal.
Awesome. Yeah, it does resemble a lot of these elements resemble real yield, which is a growing narrative in both cosmos and crypto in general. So, yeah, I don't know the definition actually on real yield, but it sounds like a lot like that when you talk about it.
basically the definitions. Yeah, makes sense, makes sense. So yeah, for anyone who is unaware of the token, I think also the, and that's back to the steps that you had along the way, the history building for quite some time, you know, people get
few sometimes with the token, like how does that relate to carbon because the ticker is just different from carbon, for example, right, and DMX and all that stuff. So I just want to make sure that people to bring it home basically. So people know that the carbon token, the native token is with SWTH is the ticker.
So yeah, let's look a bit on the horizon then CJ. What's, you mentioned a little bit already, but I want to give you a chance to give a broader overview of what your people look forward to with carbon and DMX and all the other things that you're working on, because I'm sure you guys have a lot in
store for the user. Yeah, absolutely. I think you will see in the coming weeks we will have non-stop announcements. We're just preparing all the marketing material now. But this week, or early next week, we are going live with Alliance. So our first Alliance will be with Luna. So Alliance is this
that allows other tokens to be sticked on your chain to a sweet-sticking rewards. So we're going to be forming alliances across the cosmos. Right, first is Luna. And then of course, we are talking to other chains. I think I can share like Mika Blue chain, the one that White will create that.
Yeah, so we didn't expect in terms of what we're doing aligns and at the end of the day we basically won more traders to come over to to know the max and to trade on the max and that's why we have a lot of trading focus features coming like we have per swap so
If you are not a very familiar with the Unisob UI and you want to treat perps, you can get rid of the other book and just have a simple one button, one button short kind of user interface. So that's actually live already. It's just not on the main website. We put it on some other website.
tested but for all intents and purposes it already works and we'll push it to the main damn dot exchange very soon and yeah a lot of differentiating features like TP and SL in a single trade I think that's very basic stuff and we should have that long ago but we're finally having it so I can trade
with my tp and sl in one click without having to like subsequently add a tp or sl and yeah even doing like options is the next holy grow derivative asset that we want to create and then we will be really a one-top shop for a
sophisticated traders to begin a traders. So that's going to be the region moving forward. Beautiful. Beautiful. There's a question from the community here that just came in and that's about how you guys stand out, how you guys want to differentiate yourself. It's a device getting crowded.
and overly complicated sometimes. So with that roadmap in mind and with all the other things that you have already live and in production, how do you see yourself that stand out from all the other people that you compare yourself to? So I think we have always launched things that have never been done before.
interesting things that our users can benefit from. And let's continue to be our philosophy in terms of our product features and how we stand out. Like, for example, we launched a very first liquid-sticking governance index. And that doesn't exist anywhere in crypto. So you know, like, LSD, protocols,
done really really well this year and if you want to have just a single place to loan all of the top protocols but in just one single market we just launched that yesterday it's called the LSI PURP or Liquid Staking Index so it's a really convenient way to hop on any bandwagon
and just go along in a convenient way with USD without having to get all the different spot assets. So we can launch many different types of indexes moving forward and this will be the first of many. And that's just our philosophy. We always create new stuff. Our per BMM that
is coming soon, it's really going to be one of the most exciting stuff that has ever launched in my opinion for not just D-Mex but for all of crypto because I don't see that anywhere in any of the Dexas. So we are really excited to be the first to launch that to provide deep liquidity and
Yeah, high yield for liquidity providers and allowing traders to trade any part market that they want. So our logo, our motto last time used to be trade any derivatives. And I think with the launch of this Pub-AMM, we will really make that motto more true than ever.
Beautiful, beautiful. CJ always a pleasure talking to you and thank you for taking the time to coming on the club today. Is there anything we left out? Is there anything you want to tell the community or ask the community to do even before we close this thing off? I think
We have a potential ad drop. So if you have never tried DMX before, now is a better time than ever to just log in, take a look at our different features, play around, and maybe who knows you might get an ad drop. And yeah, that's what I want to leave with.
I'm so glad you said that. I didn't want to ask the question. I know it's been circulating in CT, there's some rumors about a DMX token, but so that I consider that the rumor being confirmed. There will be a token, a DMX token coming out. So there's also
That's great. As a user myself, that's fantastic. That's great news. You just made my day. Awesome. Thank you so much, CJ, for coming on. And yeah, look forward to speaking to you again and all the best. Good luck with all the different stuff you have in store coming out in the coming weeks.
Yes, thank you. Thanks for having us and I look forward to being on your show again soon Definitely man. Take care CJ Alright take care. Thanks everyone. See you. Ciao