Hello everyone and welcome to the club. I can see Magnus is with us skip protocol one second. I'm just approving the request to speak.
Alright, you should be able to speak now.
I can see the mute icon. - Yep, I'll get here. Thanks for having me. - Beautiful. Well, welcome back, man. Good to hear your voice.
Hope you're on mute again. Sorry, I'm just trying to try to connect my headphones. Thank you. Yeah, good to hear from you guys too. I think last time we had this it was quite a while ago, so lots of lots changed. Exactly, exactly. I'm sure we will get into that. But yeah, queries are time.
As always in crypto and in cosmos, but generally in crypto I feel like I assume you guys haven't been sued by the SEC by the chance I don't think so until the SEC can understand what MEDs were probably safe Through through that
You'll be safe for many many many many years to come. Yeah, it's wild. It's wild man. I mean, yeah, who knows how this is going to pan out, but it seems like this is just going to drag on like regulators are just going trying to kill
crypto as much as they can, or suffocate it as much as they can. They can't kill it for sure, but the suffocate it, perhaps. Yeah. I don't think they'll get very far. I mean, I think things will become a lot more difficult. I think it'll be hard to launch tokens. But I think it's just really going to push like the crypto
movement to other places, whether it's more friendly legislation, like even Saudi Arabia and Qatar making more friendly legislation, you know, the EU, like I just think everything is going to just refocus there, is my sense. True, true. Croix always must be bigger than the US, so yeah, it is
The U.S. has been banning Bitcoin a thousand times. It's about time that the U.S. picks up on the legislative banning side of this.
In this case, I'm not sure, of course, but still. Yeah. Anyways, enough about the SEC. I guess there's plenty of fun stuff to read up on on other channels. And I can see people are starting to tune in. So yeah, welcome everyone to the
Cosmos Club, where we have Skip Protocol with us today. So thank you so much for coming back to the club and to spaces like these. We spoke, I can't remember exactly, but I think it's like a few months, three months, maybe four months ago. And yeah, crypto and
because it moves fast. So I'm sure there's lots that has happened since then. But before we dive into all that, we'd like to have a little bit of personal touch on this. And I mean, people come to crypto from all walks of life. Some people are obviously highly technical.
I know you are, some people are coming from with a financial background, banking or whatnot. Some people are graphic designers. Even the other day I spoke to someone who is a chemical engineer, used to be. So yeah, people come from all walks of life, that's for sure. So what's your story? How did you end up working on Skip Protocol?
Yeah, thanks for having me again. So yeah, my story in crypto started in 2017. I just graduated high school and went out to San Francisco to spend a year working and I was working in the attic of my boss's office.
And I ended up meeting a guy at an event that they had in the office who came in from outside who had this idea that you could make a platform where instead of liking photos and liking videos, you could send
instead a cent, like one cent, like one US dollar cent instead of a like. And you couldn't do that with the normal financial system because it costs more than one cent to send a cent, right? If you strive for something like that, it costs too much. And so we were looking around for alternatives and we were like, hey, how about
This like a theorem thing like it looks really cheap. Maybe we can send micro transactions and so we bought a bunch of Ethereum at about I think was you know some like $5 $10 each and We and we and we built that into the protocol and then that's
That company called Scent rebranded as valuables and they were the first NFT, one of the first NFT startups in Ethereum and they were the ones that sold a Jack Dorsey tweet for like two million at one point. So that was something I worked on in basically right out of high school.
And yeah, then I, you know, I sort of let it go for a while. I went to school, where I met my co-founder Barry. And then I worked a little bit in finance, like quantitative finance. And then I worked as a product manager at a company called Atlassia.
and that makes things like Trello and Gira and Compliance. And then I met up with Barry again and that was 2021 and we said why not why not do this? And so we got back into crypto. Beautiful. And how did you guys sort of throw yourself at the challenge of M-E-V before we sort of dive
straight into what SKY protocol is. Perhaps you can also educate us the listener who's not up to speed on what MVV is. Why is that a problem in the first space, basically? Yeah, every time I talk about MVV, I try to explain it a different way.
I mean the basic idea of MEV is that transactions in a blockchain are ordered, right? They get executed one after the other. They don't all get executed at once, right? And because of that, the ordering matters, right? So if I want
to buy something, right? And then I make a big buy and somebody else sees that and then before my buy they put their own buy, then they'll front run me and get the better price before I push it up, right? And so that's just one example, but there's an infinite number of things that people can
do to make money on a blockchain by reordering, removing and adding transactions. Some of those things are evil, in my opinion, and some of those things are pretty much okay like arbitrage. And so, you know, that's really, we work in that world, we work with the people
who try to do those things, and then we also work with protocols and users to protect them from those things and ensure that they're getting rewarded for those kinds of activities. Nice. And then that's a good segue, I think, to skip protocol. What skip protocol is and the problem that you're solving basically.
Yeah, so it's pretty simply if a chain that you like uses skip that means your staking rewards are including MEV rewards That's like as simple as it gets right so for example if you use Juno if you use osmosis if you use evmo
Injective, if you plan to use bear a chain, if you plan to use say all of those chains which you know are either partnered or discussing with us to partner, they will have supercharged staking rewards where the MEV that happens on their chain will come back in the
the form of staking reward for the user and then also higher yield for the validator. And as we all know, validators are not many people notice, but validators are suffering themselves and so it also helps them maintain their operation. That's the simple version. How it works
behind the scenes is we create a marketplace for these bots that try to capture MEV to compete against each other in an auction for opportunities and then the auction rewards go back to Stakers in the protocol.
So if you think of an MEV opportunity like $20 on a table, and then you have a bunch of people standing around the table looking at the $20, if you don't use Skip, the first person to get the $20 keeps it. Nobody else gets anything. But if you do use Skip,
Then we ask everyone around the table to bid for what they want to pay for the $20. And what would you pay for $20? You probably want to pay $20 at your maximum, right? Anything less would be an arbitrage. And so these options become very competitive and then it brings most of the value back to the user.
Yeah, so it's I think a lot of people are starting to when they refer to skip I've had other spaces and I don't know if this is a misunderstanding in general, but a lot of people at least they refer to skip as as a middleware almost on on chain ethereum for example
is trying to build in this sort of module where MIV is captured and distributed to Stakers. But is it a fair reference to skip saying that it's a middleware on different Cosmos chains or proof of stake chains? Yeah, I think that's fair. Yep.
That's that's stand then beautiful Maybe it's a problem. It's only fair that the stakers get at least a piece of it that That seems pretty yeah, that seems fair to me at least Talk to us about change
the magnitude of the problem. Maybe you have some numbers, of course you can pull out. But I think at least to people who are not super aware of what MVV is, how big is this problem really? Yeah, so I mean it's not necessarily like a problem.
It's just there is MEV and right now or in many chains without skip that just goes to bots and then on the chains of deus skip it goes back to users or at least a lot of it does. So like on Osmosis we've been running our software there for about three-ish months. We've re-
We captured over $75,000 in USD value in Adam, USDC, and Osmo for the community, and that's just sitting in an account right now. But in the future, it will be distributed to the community somehow. I'm not really sure how they're going to do it.
On other chains it's been a little bit less because they're less active than Osmo so we've seen on Juno like something like the 20 to 30,000 Juno being recaptured on tarot's been like 15 to 20,000 Luna and then on Ebmos and in
It's been a lot less because we've run it for a brief period of time and We're actually upgrading with fastchains. It's a lot harder and so we're upgrading them But I think overall like in cosmos there's probably I mean in today's market It's really tough, but there's probably you know like roughly a million to two million dollars of MEB
like per year at this kind of volume, but back in the day, right during the bull market, it was significantly higher in the tens of millions for sure. And so, you know, part of it is creating the infrastructure. So that when we get back to that, we were prepared.
And just for people out there who have been checked out your website or at first time they hear about Skip, you guys have a really really nice overview of your website where you can see, for example, the validators. Yeah, first you can see the networks where you are live. I'm looking for example right now at Juno Mainnet.
And then you have a long list of validators that have adopted skip and then you can see sort of the network profit the mv percentage back to the network and different stats basically and it's just super transparent and really nice I think I counted that also last time I remember I was really like
the transparency here, one of the big promises in blockchain. So yeah, if anyone who hasn't checked that out and curious, if the network that they preferred network on IBC, for example, if that's being activated with Skip or if the your favorite validator is using Skip,
you can go in and check it for yourself basically. So yeah, I think that's more or less what we left off actually in last base. So talk to us about what happens since then. I know there's been a lot of things going on. You guys launched a new IPC API, for example, simplifying IPC for many users. Talk to us about what's happened since last time.
Yeah, so two big things happened since last time. The first one is we completely rebuilt our MEV protocol itself. So skip V2 or the second version of skip is called POB, which stands for a protocol-owned builder. And instead of being this middleware software that
that validators run, it is actually just incorporated inside the chain as a module, like the cause and was a module, for example. And so it's a separate module that chains will incorporate and allows for full on-chain recapture. We're really excited about it because
One, it gives us better distribution so we can get to more chains especially the smaller ones faster because they don't have to pay for this big expensive infrastructure that we were running for the bigger chains. It's free essentially to run it. And then two, it's just more transparent like it doesn't require us to run the
the auction infrastructure, the chains can do it themselves. And so we think it's just a much better approach to solving this problem. And that work builds on top of a new thing in Cosmos, which is really exciting. I recommend everyone here to read about it and try to understand it called A, B, C, I, plus, plus, where the application
like, you know, osmosis gets a chance to modify and reorder their own mempool according to application side rules. And so POB is an implementation of that ability. So that's really what we're focused on now. We'll be getting, we already have POB
you know, there's been a big announcement with Osmosis. We're also working with Baruchin and a couple others. And the second thing that we've been doing is we are trying to make IVC much easier for people to use. So I don't know if anyone here has ever tried to transfer your
tokens across IBC from one chain to another unless it's like, yeah, it's a pain in the ass, right? So for example, like you have to put in the relay and channel ID, right? And you have to understand what is the right channel. You have to use like the, you know, the capital
like advanced developer endpoint. It's like it's just pain in the pain in the ass and super confusing. I remember the first time just to give my personal story. I remember the first time I was using Kepler. I couldn't. So first I was just like where the heck is this IBC button? Oh, okay. I have to enable advanced settings in Kepler. Okay. I
I enabled that. Then you have to look up the channel ID as you set on minscan or whatever you use. It's like, "Okay, so the channel ID from this chain to this chain is this, but the other way around is a different channel ID." It was just next to impossible. And I consider myself
quite smart and quite technical. I've been working with software for many many many years. It shouldn't be this hard basically. Yeah, no totally. And what people don't even realize sometimes is that like let's say you have Adam on osmosis and you want to send that Adam from
osmosis to Juno, right? So you look at the channel ID, you try to find, you know, the right channel and you send it over that channel. It's, you have now the wrong version of Adam because it is not true Adam because you sent it from osmosis. What you need to do is you need to send it back to the hub first.
then to Juno. And then it's the right version of Adam because the path that you take when you send around these IVC assets changes the actual asset itself. So if I send Adam from the hub to Osmosis or if I send Adam to Juno first then to Osmosis they become two different assets.
which is really complicated and confusing. And so we think we've basically fixed all of this because we've come out with an API that makes it super easy to swap from any asset on any chain to any chain and will always decide for
you the right route to go through, even needs to go through 10 different chains to get to the right one and will pick automatically pick the relayer and the channel ID for you as well. And all you need to do is one click and then it will get it from where you want to go to where you want to go in one click and you'll never have the wrong token and you'll never have to sort of do any more steps than that.
that. And so that's part of our IBC API. And how does that again, let's try to dumb it down for simple minds like myself. So it's an API which I can connect to, but there's not a UI that has implemented perhaps your own
website, for example, has implemented this work and the send and receive, despite whatever chain or origin chain and distillation chain that I want to send to. Yeah, so we actually do have a little UI, but for the most part we're building this as an integration
some other wallets and front ends that everyone here I'm sure knows. We can't announce them yet because we want to wait for them to announce. But we'll be having this integrated. But if you want to give it a shot, if you want to test it right now, we do have a UI. It's a little secret. Yeah, but it's IBC.fund.
I smell some alpha here. I'm gonna look it up. Look it up right away. What is it? I've a C. phone. Is that the? Yeah.
nice, very slick, very clean. So how does that overlap or what's the synergy between that and the current protocol, skip protocol, the MAB focus? How did you end up here? Basically, is my question.
Yeah, so it sort of came out of this feeling that like, okay, we're building all this really complicated advanced software to try to solve MEV in Cosmos, but there's so many bigger problems in Cosmos to start. Like, it's really just hard to use the basic things. Like, IBC doesn't really
really work, it's not user-friendly. So our thinking was sort of, you know, we should just be building some things that help move this ecosystem forward before we start to focus more again on like the recapture element, right? And so that's really what inspired the IBC
was this feeling that we need to fix the basic stuff before we get to the complicated stuff. Beautiful. We thank you for this as a community. I'm just clicking around now. It's very simple and very intuitive. So yeah, we'll make sure to blast it out on the
on our Twitter as well. If we can, I don't know if this is okay with you. - Okay, let me just check internally if the team is ready to get some traffic through it. But I think if you want to just text it out right now, if you're on this call, like feel free. - Yeah, yeah, well wait, we'll wait for you guys to be ready before we blast it out there.
Super, let's talk about rollups because I know you guys are planning to expand to rollups and obviously we we see huge potential in rollups in general. I mean, Celestea is just killing it these days. We had dimension on a few times yesterday. I think even we had
the Eclipse on that build the first SVM roll up between Solana and the injective they call it cascade. So a lot is happening around the roll up ecosystem. Let's call that. So yeah, what's your plans with with roll ups? Yeah, so
I mean, roll-ups are basically appchains that will store their data on Celestia. And so, at a basic level, we plan to give everything that we give appchains to roll-ups. So that means M-E-V solutions. But then, the bigger
thing and why we're doing a lot of this IBC API stuff is it's going to be really hard to get IBC onto rollups. Like it's going to be really really really hard. For a number of reasons one reason is all the rollups have different are different kinds right so like some of them are called pessimistic some are optimistic
some are ZK and all of those require different kinds of integrations. And the same reason why IBC is hard and cosmos when you have 50 chains, like you can imagine how hard it is going to be with all the complicated paths and everything when you have like a thousand roll ups, right? And so that's why we were
also focusing on, you know, shifting these ABC, IBC API so that the roll-up ecosystem becomes more usable when it does come online. Makes sense. That's, yeah, I mean, it's interesting to see how the sort of original App Chain idea, let's call that,
concept, how that adopts or relates to all these different robots being spun out. Obviously there are differences, but conceptually they're very similar. I guess you can say. Yeah, totally. What about the EVM? I'm starting to blend in different
questions from the community here. Are you considering expanding also to EVM? Chains, now that you are, you mentioned bearer chain for example a few times, is that something that you're considering also? Yeah, I mean we've been live on ebmos and we'll be live on bearer chain and then
I think we'll, you know, a couple others like we're talking to Cascadia, for example. We have no problem being on EVM when the EVM is a cosmos chain, right? So like all those three are built on cosmos stacked. When it comes to EVM outside of cosmos, where we don't have a lot of familiarity.
And yeah, I think it will be some time before we get there. We're really focusing right now on Cosmos. All of our bets are on Cosmos and the tokens there and the different teams. And we're fully focused basically on helping grow this ecosystem. We think EVM has enough hands and help already.
I think it's a smart choice. Coming from the Cosmos Club, we can only agree with you. We have just to backtrack a little bit, a good community question here, I think also about the fair auction system that you have.
You mentioned a little bit about it before, but Arnold from the community here is asking if you can elaborate on the process of this fair action system and how the proceeds are basically distributed among the different stakers.
Yeah, sure. So I gave this like silly example before right where you have $20 on a table and everybody bids for it right. It's silly example, but it actually really is what happens every single day like as we've been speaking probably you know hundreds of thousands of bundles
have been submitted to skip, all of them have been evaluated and run in an auction and then the winners have been selected and the proceeds have been distributed. And so how that works is, you know, every block, the way that block construction works in a cosmos blockchain,
is the first thing that happens is it fills up with transactions. So people are submitting things on Kepler, those transactions go to the Kepler nodes, the nodes transmit those transactions to the validators, and then boom, one of the validators is selected
it, they get all the transactions they've received and they make a block. Right? So how MEV works is other people are monitoring what those transactions are. Right? They see those transactions before the block is made and they say, ah, you know, that
is a profit opportunity that I want to back run, maybe. Like I want to be right behind that. Maybe it's a big swap and so I want to sell right after that one. Right. And so there's some profit to be made there. And so what they'll normally try to do is they'll see that transaction and then they'll submit their
is as fast as possible in response to try to be right behind it. But the problem is there's a lot of other people trying to do the same thing, right? And so they're all battling each other and the first one to get it will win everything in terms of the right ordering to get the opportunity. And so how it works with Skip,
is the same people, the searchers, the people looking for these opportunities will find a transaction. They will take it out and they will put their own transaction behind it and then send it to skip and say if you put these two transactions in this order at
the top of the block, I'll give you $100. But then somebody else says, "Well, I found a different opportunity and I'll pay $200 for you to put it at the top so that I win." And then this auction runs for maybe 1 to 3 seconds. It runs really fast. And then at the end of the auction, we close it.
And then we send the winning bundle to the validator and say put this at the top of your block. And by the way, here's the big payment that they said that they would give us. And so we give that to between the validator and the staker and the validator, the bundle at the top. And it's a fair auction because that's
The searchers cannot see what everyone else is doing, so they don't know exactly how much to bid, and so usually they bid their top price, which is a good thing for us and the community. And it's also fair because it's private, so nobody can steal each other's strategy. Only the winner is revealed.
Perfect. Perfect. Thank you for that. And that leads me to another community question. And that's also why I wanted to ask the first one. And the second one is why do people who are building protocols and chains, people in customers?
What's the biggest pushback that you get from not adopting skip it just seems like such an obvious thing to buy into and adopt. I know obviously you need to invest technical resources and implement it doesn't just happen in and of itself but yeah what's the biggest pushback
because it just seems like a lot of value to the user and the supporters of the network. Yeah, well, I, you know, most chains are open to it, I would say. I think the pushback that we get is like, hey, I'm really focused right now on just getting users.
and getting, you know, like transaction volume, a chain founder will say, like this seems a little bit like a secondary concern, right? And so some chains, especially the newer ones, will want to wait and launch and see how everything works before they introduce something new and complicated.
And I think that will apply to anything that they would try to do. Right. And so oftentimes, you know, in those situations, we'll say, no problem. You know, here's the software. It's open source when you're ready, you know, come back to us and talk and we'll help you get integrated. But yeah, I mean, besides that, like,
It's only been difficult for us especially on the really fast chains because there's so little time to run these auctions and so it's tougher for us and so like Injective, objective used to be six seconds now it's one second You know, Edmos used to be well, I think it was always like roughly two seconds say we'll obviously
be very fast. And so for those, we need to do a lot extra work and we don't ever want to slow the chain down. And so those require some extra care. >> Makes sense. Yeah, I mean, it's just I can see the argument of, you know, there's a lot of things in our roadmap.
We have to prioritize. But if the argument is that we want to attract users to our network and to our chain, I mean, this is one of the big reason why users would use the network by into the token and stake with the network. Yeah, I don't know. But yeah,
I can understand that there's a priorities to be made on the technical roadmap. We're all building these days at Godspeed. Exactly. But yeah, that leads me to a question about the roadmap. What's ahead? And I want to start talking a little bit about
the upcoming networks. You kind of mentioned a few already coming up, but yeah, let's start with the networks that you have in the pipeline that hopefully goes live in foreseeable future. And then of course, if there's any features you want to highlight that we should look forward to and pay attention to, feel free to mention.
Yeah, definitely. So in terms of networks, you can expect to see us on most of the major new chains coming to Cosmos. We've gotten a lot bigger as a team and a lot more, I think trusted. And so I think adopting skip is hopefully something that is now considered a good thing.
for change. And so, you know, I think you should expect us to see us on on bear a chain, hopefully on say we are working on something with the IDX. It's not exactly what we normally do, but it's something a little bit different. So keep your eye out for that. We'll be launching our new protocol on osmosis, then the, you know, the V2 version.
version and a couple others. And I'd say some things to look out for is we're not only integrating with chains, we're also integrating with protocols. So that looks like we just announced today an astroport integration. So if you go and you trade it with astroport now, you'll get MEV back in your wallet.
So if you trade, it will just find the MEV, capture it for you already, and just send it back to your wallet. It gets shared between the user and the X Astro Stakers. So you won't get all of it back, but you'll get a lot of it back, and it's better than nothing, which is how it was before, for sure.
And then I would say, you know, the other things that we're, you know, excited about and we'll be launching are, you know, this IBC.fun and adding more things to that and just making it easier for users to use Cosmos and doing all the hard infrastructure and routing and backend work so that for the user it just feels like you're just using one chain.
And you don't have to think about where your tokens are going and if it's the right version, etc. You can just use one chain. That's really our goal, right? It's to make cosmos feel like one chain so that it can grow and not have these fractured user experiences and liquidity. And so we'll just keep advancing on
on that roadmap as we go through 2023. Awesome, man. I mean, you guys are moving very fast and building stuff that is unexpected, I should say. You know, the whole IBC.fun that took me a bit by surprise here.
And already loving it. While we've been talking, I just tried to do a transaction and it's super nice. So yeah, definitely skip protocol, definitely a team and then account on Twitter to follow. That's for sure. But let's look a bit further ahead.
like to allow ourselves to dream a bit on spaces like these. Because we tend to think in crypto and in customers like weeks from now or months from now. But let's go away beyond that. Like let's say 5, 10, 15 years from now. Let's say you sit on your front porch or wherever you are, you're comfortable sitting and reflecting over
We're the past, let's say 15 years. If you look back at what Skip has become and sit there with a lot of pride because you did exactly what you set out to build, how would Skip protocol then look like? - Wow. So,
I think I think we'll I would be really proud of the work that I did and the work that our team did if we broke through this barrier of
making like a making block change just really easy and nice to use honestly and Right now like it's just so hard to use these things and and and the use cases are extremely limited I think what we plan to build over the next couple
years is a much broader and richer execution environment so that a user can basically say, "I want this done," whatever it is. I don't care what it is. It could be an extremely complicated workflow. I want this done.
And then it just gets done. Like, wherever it needs to happen, wherever tokens need to get moved, wherever swaps need to happen, wherever, you know, loans need to be taken or anything else. And it just becomes a delight to use blockchain. And I think once we get to that, we can get to so many
better use cases and I remember when I first got into crypto I was so confused like I was just I didn't understand what private keys were I didn't understand sending I was scared all the time you know that things would get lost I didn't understand anything and you know I think like in order for us to really
make blockchain something that can be enjoyed and used by the world, we need to build a UX that is better than the traditional market. I think the one thing that is better in crypto is sending money, especially sending money overseas. I don't have to use wide
or my bank or anything like that, I don't have to wait three days, it just happens. And I think we need more of those kinds of experiences. And I think Skip hopefully can play a part of the story of making that happen in cosmos. And that's, I think if I look back, that would probably be something I'd be proud of if we made it happen.
Amen to that Magnus, amen. Beautiful. I want to sort of close it off when we talk about this dream of making Skip happen many, many years to come. I want to always circle back to Cosmos, obviously being in the
Cosmos Club and just talk about like how does Cosmos help realize that dream? You mentioned a few times, you're very focused on Cosmos. How do you see Cosmos tech and the Cosmos community for that matter help continuously progress, skip, and sort of grow together, if you will?
Yeah, that's a really good question. So I think I mean, I don't know if everyone else has seen this tweet. Zucky tweeted like Cosmos has 12 months to make something happen. Otherwise people are gonna forget about us. Right. Yeah, so kind of a kind of a tough tweet.
But I really do think it's true. I think we have everything we need right now to be something big that is outside Ethereum, right? We have an incredible narrative, which I think makes a lot of technical sense, this narrative of AppChains or sovereignty.
where you have each application is its own blockchain. I like this model because it means if one thing goes down, then not everything goes down, it also means that you can have much cheaper gas and it means that you can have better recapture mechanisms like
skip because you can recapture your own MEV because your chain is yours as the application. I really think we have a good narrative. I think we have an incredible tech stack. I think we have the best place to build chains outside of, you know, basically that's not a smart contract on
Ethereum. We also have a lot of new entrants that are very exciting and I think will bring a lot of liquidity. Do you IDX, spare chains, say, archway, cascadia, tenon, like the list goes on and on.
All these things put together. I think it's like we have this It's like we're we're like running up a mountain and we just need to get over the top and then I think it's all downhill from there in a good way I mean not like downhill token wise Yeah, but it's like it'll be easy to run right now
And I think really what we're focused on is like how do we get over that hump so that we can really like break free and become our own very highly trusted, you know, high liquidity ecosystem because we have all the pieces. It's just, it's just I think getting the spark
Well said man, well said, it's going to be very interesting to see how this all unfolds. I think the 12 months come because of like the reason why it's 12 months that Saki mentioned is because of the next having of Bitcoin and the next bull market and all kind of stuff. And if we
haven't executed on all the different things that we are executing on to stay relevant and stay exciting, there will just be a new narrative coming up that's going to take over. I think that's what he was alluded to at least and I must say I kind of agree with that although I'm very hopeful for coffee.
I mean, all the different things that we've been talking about executing on mesh security, replicated security, you know, consumer change launching on customers up, all these different things they are happening, right? It's not just something we talk about. We're also executing on it. And that brings me tremendous
hope and being tremendously bullish on the ecosystem as a whole, I think. Yeah, no same here. And it's difficult. I mean, I acknowledge everyone who was here and holds a cosmos token has probably lost money over the last six to 12 months and maybe lost a lot of it.
I know I have. And it's difficult when that happens. You know, and I think it's, I think like, you know, this is, you know, although it sounds like probably a lot of people say this, I think this is really the time when, you know, it's probably the
And if you really believe in this technology and you really are here for what it can do and what it can become, I think it's the right time to buckle together and come together as an ecosystem and focus on what we can build so that we come out on top next cycle. And then keep that cycle going.
this bearable cycle constantly. Definitely, definitely. Magnus, it's been a joy to talk to you again and very informative, very inspirational also. It's awesome to see how you guys are progressing. Is there anything you want to leave the community with today before we close this thing off?
Is there anything that you can do, of course, for you or skip protocol? Obviously, people should follow you guys, check out the website because it's really well made. I really like this transparency that you have made. I keep saying it, but I really like it. And then, of course, IBC.fun. That's a new one.
that I did expect here. But what else can the community do for UNSKIP protocol? Yeah, I would say actually one thing that would be really helpful for us is, you know, as community members who use Cosmos, tell me or, you know, DM me either at my personal handle or actually just at the skip.
Twitter like what are the biggest UX problems that you have in Cosmos like what is difficult? You know where you where do you get concerned? You know what what is hard to do? What would you like to see fixed? We have a you know a good dev team and we can we can work on some of these things that would be really interested to hear what what people struggle with
Awesome, we already have a, it's almost a threat now, when we announce the space and people are asking questions in there, so feel free to add to that. Everyone listening in here, we can't cover all the different questions that came in.
today we only have that much time on the space. For those that we picked out though, we will DM them from the giveaway so no need to DM us. We will DM you if you want the giveaway. So yeah, thank you so much, practice for coming out and all the best to you and your team.
Thank you so much. Thanks for having me. Thanks, Ben. Ciao. Ciao.