Hello there, Gio. Welcome to the Cosmos Club.
Good, good. Thank you for making it and on time. Yeah, no problem. Alright, I can see people are starting to tune in. This is being recorded by the way, so you get a
chance all of you who is not able to tune in to to relisten both on Twitter of course and on your favorite podcast platform. So it's officially three PM EST or nine PM my time. So Gio, thank you so much for joining.
I'm not sure you're imbued right now you're still able to speak right? Yeah, I'm here. I'm just outside so you just keep muting myself in between. Yeah, all right sounds good But cool, let's just get started then welcome everyone to the Cosmos Club where we talk all
things Cosmos, which we daily about what's going on in the Cosmos ecosystem. And then we summarize that in a weekly newsletter. And finally, we invite interesting, inspiring builders of the Cosmos to spaces like these. And today we have Gio from Yieldmos. Welcome.
Thanks for having me. So let's just dive right in for anyone who doesn't know what the Yulimus is. What is Yulimus and why do people need to pay attention here? Literally. Yeah, Yulimus is a non-custodial asset manager. We're here to sort of get people to
away from giving a festival as their assets to staffs and port of closings like contracts and instead, um, city, uh, the other generation, the asset management, uh, self-directed action sort of all happened from your own wallet. Cool. Yeah, I think
I perhaps speak for many of us when I say that going into the Cosmos ecosystem, a lot of the things that inspire people to do that in the first place is the juicy and somewhat profitable staking rewards that the people get on various different projects.
And that's all great, but very quickly after you start getting to Adam where people usually start, very quickly you start to diversify into a lot of other coins because there's so many things going on in Cosmos. And that means that you start having so many different coins that you need to restake and compound, etc.
etc. So that's typically the journey that people go through and it seems overwhelming very quickly if you have 5, 10, 15, whatever number of coins that you're into. So having someone like something or someone like Gilgamesh to be able to automatically re-stake and compound your
Your rewards is incredibly useful, but perhaps tell us a little bit more about how that is like what is the journey? What are people experience when they go on your on your website? Yeah, so you know that on the head you know people
like we get exposed to those steepest systems and then start buying up all these cool projects that are popping up all over the place and we generally want to earn some kind of return on that and kind of cash flow, right? So you go and state those claims and then, you know, like you said once you accumulate a bag, it takes some time to
you all that stuff every single day and sometimes you might forget or sometimes you know some of these knowledge go down and it's like impossible to do it so it's like we are not just like helping you when you turn your AP the APR into your HCI right because when you compound more often you actually get in a slate so you hire
We're trying to help you save time. So that's sort of like the two biggest benefits that we have. And I think the third benefit, I think that's sort of like that I don't think people are really talking about.
is the fact that we're all doing it all not so right we're you're giving us like specific permissions and then we're just executing very specific actions on your behalf but it's like but you're not actually giving up ownership of your asset in order for us to be able to do that we'd like that the paradigm this
sort of the expected way of doing this thing is like you look at like yarn, a beefy, you actually send them your token and then they do things with that token right and then when you go to redeem it you hope that you're going to be able to get it. And perhaps talk to us more about the permissions because I remember personally first time
that I started using Yulmas. I was a bit paranoid. Like, what am I really saying yes to here? And I'm somewhat technical, but I think a lot of people, even in Cosmos, they are not necessarily very technical, so they might be afraid to say yes to
or prove the request coming from yield bus when you select a strategy and because you know who knows what happens to my coins, it's going in and stealing my coins, I steal my stake rewards like what happens. So perhaps tell us more about the permissions of why people can sleep safely and
and calm the at night even though the use you must. Sure, sure. So the permissions are like two different sets of permissions for safety sign and we're able to get that for the LP compound and stuff on our sources. The safety sign is two different permissions. First one is you go to
for you'll most to claim your staking rewards on your behalf, right? So you issue that to us and you also issue the message delegate which allows us to take your points and stake them with interest choice over the validator. And like, you get a little bit more time-pull on my opinion to the operational state.
The stuff when we execute these actions on the behalf and we play no sacred words they actually get the positive into your wallet and then they get delegated out of your wallet as well So you get complete transparency into like what we're actually doing with your asses right you get complete transparency into where your yield is actually coming from
And then on the most decided things there's like there's a combustion use for showing up for And then bond goes up and so right so it's a same thing that it all happens from with assets that are in
your wallet because that's almost as if it's a little bit different, right? The balance just kind of shows up in your wallet after E-Pock, right? So we're able to take the assets that are in your wallet and then join into your wallet, right? And I can similar for working on trying to support Crescent, right? Their mechanisms look different.
The sound is a bit difficult sometimes to hear. I don't know if you are
able to move to a more quieter place. But I think I got the gist of it. You're not basically permission to be able to withdraw funds from my wallet or from my staking yield. But you're able to re-delligate.
Yeah, yeah, so if I may just like give you guys an analogy I think everybody's familiar with what a Google Doc is right so you create a Google Doc and then when you go to share it you actually have like three different dimensions that you can give out and you share it right on
and do it. Imagine you give out the ad here or give you a word to someone else. They're able to interact with the document but you maintain ownership of it. Right? So in this analogy, crypto is like the Google Doc and then the permissions that you give right now are like the off-screen grants that we give a real notice to get with you.
So it's an also when I put out a quick warning about a lot of these things. It's not like, it's not like bossy as the end of the all right. People there are bossy permissions that you can get someone, or see Granthi, you can get someone that would allow that to your rugged right.
there's the message sign and the message is transferred by the C-Style. I need a couple other ones that might be a little less dramatic but when you actually grant grant these permissions for the wall it's super important that you're actually a clear coupler and you're actually seeing that you're a grantable and well-organ grant.
I think we lost your audio queue.
>> Use to argue. I like you said yourself. We don't even have the ability to grasp the look in ourselves so far. We do not have the ability to take custody of your ass, and we do not present your tokens to ourselves. >> Yeah, that's a pretty key permission.
to have. And you mentioned off, off C yourself, something that obviously comes to mind when we talk about auto compounding is a re-stake, is perhaps the biggest player in this space. So perhaps touch upon
What's the difference between you guys and RESTake? How do you guys do it differently? For someone who hasn't tried your service, I tried both and I see the clear distinction and I must say Yulebun is so much more convenient to use to be quite honest. But yeah, prize be small. Thank you.
Yeah, sure. So we have sort of restake and us overlap on the sticky side of things. We both offer very similar sort of like things there. I mean, the biggest biggest existence is going to be that like, restake has eliminated set of validators that you
You can choose to compound with because their model relies on evaluators opting in to supporting the restake infrastructure that they sort of created for evaluators, right? So with YieldMose, we buy default support every single validator up there. We do not require
validators to support any sort of scripts without the structure on our site. And then the second biggest defense on the thing side thing is we also let you choose sort of allocate your rewards like either on an equal basis, right? So if you're delegated with three dollars, we'll do a third of a third or you can go find
and we can do 10% 10% 10% and then have 70% deposited directly into your wallet that just stays as an available balance. But we still claim that for you, you still trust it. And then probably the biggest difference is the fact that you know Osmos is pool, pool compounding.
and we're probably shortly adding crescent and sift chain. I'm supporting more dexas in that. Yeah, that's, I noticed that and personally I haven't used it but it's pretty cool that you can auto compound LP tokens essentially.
is what I understand at least that you're able to do. To my knowledge, I know other auto compounder has done anything similar to this, but yeah, pretty cool, I must say. Same channel, I believe there's anybody else that's doing that right now. The biggest drawback right now is though that we don't support ledgers
For most networks, we do support it for secret and it's just because of our bug and the causes of the game. It's getting fixed and slowly rolled out throughout the week out. And a bit of alpha for everybody, I'm pretty sure that Osmosis is probably going to support measures with Aussie Grins probably tomorrow after
So, we're careful now. Yeah, and you mentioned one of the key distinctions between you and RESTake, which I think you were perhaps a bit humble about it is that you can use these auto-compiling strategies for any validator. I must say that was probably the main reason why I started using it guys, because I was tired
it up, choosing and delegating my coins to whatever validator and then that was a supported or a mistake and then I had to go in, re-degate blah blah blah blah blah. So tedious. I found you guys and just any validator works. It's okay. Great.
That's so much easier. So yeah, good job on that, I must say. I want to shift a little bit towards what's happening these days with Adam 2.0 and
Many of the coins Kouji comes to mind. We had them on not too long ago. Kouji era where we start seeing a lot of these Cosmos projects are starting to focus a lot on inflation and hence staking rewards. Adam 2.0 where inflation will eventually go to our zero basically.
Kuchira or Kuchi is doing the same, they have the inflation, the Kuchitoken. So do you see that being the trend in the next, I don't know, five, 10 years or perhaps forever? And if that's the trend, so that's question one, if that's the trend, question two, what will happen to something like Yulmos?
Can you, sorry, you broke up. Can you repeat the question about? Yeah, so my question is basically if coins start to
adopt this zero inflation approach that Adam 2.0 has adopted starting to adopt. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh,#
So just from someone that is very into compounding, staking rewards, do you see that's happening in the Cosmos ecosystem in general? So that's question one and question two. If that's the trend, what would happen to yield us?
Yeah, great, great question, great question. So there's probably you probably want to like think about Where where the yield is going to come from I think that there are multiple ways for these projects to pay out a yield outside
of just staking rewards, right? And you brought up a perfect example, which is just kuji. Even though they have a 0% APR for their staking rewards, they actually are paying a yield of about 1.5%. And that yield, this coming from
trading fees on their multiple products, right? So it's like even though inflation is zero, we're still able to service QG and we're still going to compound your rewards on QG even though it's only 1.5% that boost is almost nothing when we compound it.
But like I'm super excited about Fuji. I'm super excited about this like real deals type things right because it's actually Like real cash flows coming back to right and then like another strategy that we thought about to sort of answer
your question. The second part of your question is like, kujji also pays you out a bunch of tokens that aren't just kujji, right? If you go if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go, if you go,#
on their decks, you're going to see a little bit of that as part of your staking rewards, right? And the same thing is going to happen with ads to Quinoa. You saw Zaki, I think tweeted out, Zaki, I'm going to tweet it out, that like USDC is coming to Cosmos and it's going to be using ICF.
to see is going to be getting used to pay for that security. So when you stake your Adam, you're also going to get an Adam, but you're also going to get an USTC, right? So we're already talking about these strategies where we can take your staking rewards and I'm calling it staking rewards, but like
I guess it's like an ICS reward or that one or whatever. Say that you get like 10 different tokens when you stay kuji. Like we're already talking about adding a strategy where maybe you'll take all those tokens and we will convert them to your token in choice. Right. So like you can you can you
be able to choose to have all those tiny bond aids, convert them to kujee and then stake that. That's the type of thing that we probably move on to. Staking rewards were just the lowest hanging fruit for us to get into and get started.
and start using RC and we've got a few more things on personally. Yeah, that makes perfect sense. Now that you mentioned it, to provide almost like a dashboard for people to auto compound the yield that is coming from zero inflation
course like KUCHI because yeah, you're a fan of KUCHI that makes us two. We got them on a few weeks, sorry a few days ago and what they're doing is just incredible if you ask me. It's such an elegant way to diversify your portfolio if you ask me of
Of course, you have to buy Gucci in order to get in and start staking, but being able to generate yields in various different coins is beautiful if you ask me. And Adam 2.0 is going to do the same, right? I mean, all the craze right now is about USDC coming
native USDC coming to Cosmos, which means with interchange security we're going to start earning. Adam Staker is going to start earning USDC. So yeah, this seems to be the trend right now. This is what's going to happen. So you guys are adopting to this. It sounds like.
Yeah, we're seeing it and we're already playing for it. We're trying to take off season next level so it's getting more flexible. So we're also excited about it. It makes perfect sense and man it's something again that keeps exciting us here at Cosmos Club more
more what's going on. I honestly didn't see that coming with the kuchi exploding these days and now Adam 2.0, how you how you're able to diversify so like originally for example personally I got into customers and Adam because it was a great diversification for getting adrops you know about this. Getting
I don't know which card is going to explode in the next bull market, but at least I can stick Adam and get a piece of some of them and then some will never go anywhere and some will go somewhere. But Kujee and now Adam 2.0 is taking this to a whole not level, earning real yields from very different
activities on their networks. Yeah, super, super excited. So without having to put you on the spot and try to force you to spill in the alpha, but besides something like this where you can sort of choose which as
that you want to auto compound, is there something else that you guys are brewing on these days in your post that we should be excited about? Yeah, so the biggest thing that we've been working on probably for the last four or five months is cross-chain strategies. We're getting close. We've had some finance.
real progress on that earlier this week where you'll be able to offer things where something like move your tokens, network access, network wide, do something on network wide with them like let's say trade your huohuah for Adam and then move
that add on two cosmos, well, then stick it. That's sort of the next thing that we're gonna be working on, probably the next biggest thing that's probably gonna come around. Awesome. So you're truly going to be the challenger to restake, it sounds like. It's a tall order, but
Well again, like, the restate game has like this like very simple model allowing you to stake your rewards back to like, not a native network, right? I don't know what three-state model roadmap looks like, but like, we're trying to like
bring some of these like more complex and advanced strategies so that you know like I think about what what I've been doing over the last like 12 to 18 months and I'm trying to like sort of figure out a way to do that now because so early right because like we've all we've all moved our local awards and they sold them for us and all in
state Osmo right? I don't know, but that's something I want to do. So like that excites me. And then like we were at Cosmover's this week talking to a ton of projects and just like so many ideas got through my own. So pain loans.
like you can use flat-eroll to do delta-neutral type stuff and seeing all these synthetic assets, exchanges popping up where you can like, had your users exposure and like it's just like, and then I heard about this really cool thing out of Italy where
they built a, basically a docu sign on the ton chain, right? So they have like 5 million users, they process like 8 million documents, 8 million signatures a day, and like no one's heard of them. But like they built like a non-financial engineering
watching. It's just like you know we're in a bear market there's so many people building there's so much stuff coming in so excited about it. The future winners are being created right now there's no doubt about it if you ask me at least. Hell yeah. So you're at the middle end right now you're in the customer it's over
out. But yeah, there's a couple of events that some projects scheduled for today and tomorrow. So we stayed a little bit afterwards and just attended an archway thing. Archway and Crescent presentation for some of their stuff, which is really cool. And then we got a couple of things afternoon and we're also attending. So I even know Kyle's versus
I'm going to be doing something like this.
Hey, looking forward to it and I can't wait for the next time. Yeah, I guess you can vouch for it. At least everybody I talked to, they say you must go next time. But you, you are a busy man. I know you have a hard stop because you are busy man. So thank you so
much for joining the Cosmos Club today. If there's anything you want to leave us with, of course, feel free to spill. But other than that, I'll wish you all the best. Sure, I'll give you one other piece of alpha. We're just sort of finalizing. We have, we
of ambitions to launch our own token and we got some tokenomics and play and we're sort of like finalizing our like airdrop for that token and I guess the only one piece of outflex to leave you with is that we do plan on airdroping and slightly higher allocation of our tokens to people.
Oh wow, nice. Yeah, that's the Cosmos ecosystem for you right there. I mean, you never know which project or which platform whatever it is. It's gonna add drop you the next time. Right.
Awesome, we'll make sure to post this on Twitter and make sure that everybody starts hearing that rumor. So thank you so much for coming on and taking part of this. Thank you so much and have a good day. Ciao.