Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Cosmos Hub DeFi Primitives
Recorded: May 28, 2025 Duration: 0:52:18Space Recording
Short Summary
Stride is set to launch its Interchain DEX on the Cosmos Hub, enhancing decentralized trading capabilities. The integration with Nolus promises to boost transaction flow and liquidity, while the Stride token will play a pivotal role in the ecosystem's growth through innovative revenue-sharing mechanisms.
Full Transcription
Thank you. hey everybody i'm glad to see that you're joining uh i'm ivan one of the co-founders of Nolas and I will be your host today and have the
privilege to talk with Matoly from Nolas and Robo from Stripe.
Before we get started, let's just wait a couple of more minutes for more people to join and
we shall continue onwards. Thank you. Okay, let's get this phase started.
Once again, I'm Ivan, one of the co-founders at Knowles,
and today we'll be talking with Robo McGobo
and Metodi from Stride and Knowles again.
So, Jatz, could you please do us the honor
and introduce yourself?
Probably Robo, we can start with you.
Yeah, hey everyone, thanks for having me on. I'm Robo, I can start with you. Yeah, hey, everyone. Thanks for having me on.
I'm Robo. I lead growth at Stride.
And as a lot of you know, I'm sure we're in the process
of building the Interchain decks on the Cosmos Hub.
Hey, everyone. I'm Eto. I'm doing product development at Knowles.
So at Knowles I'm mostly taking care of things like documentation, governance or conceptualizing
new ideas for extending the protocol which is an asset backed margin protocol that lives
on its own sovereign L1 Cosmos chain.
Thank you guys for the intros.
Let's kind of hop into the matter at hand because we have a lot of interesting things to discuss today.
I would like to start with Robo, as he mentioned,
that their current focus, apart from being probably the biggest
liquid-staking derivative provider on Cosmos,
is building one of the most fundamental primitives
for a permissionless cell one,
permissionless cell one and this is a decentralized exchange um having having in mind that uh the deck
and this is a decentralized exchange.
that the strike team are currently building will be deployed on the cosmos hub and having in mind
that the cosmos hub already has uh ibc eureka enabled and kind of probably the i would say the
of probably the i would say the best bridging experience in whole crypto and of course trust
minimized one i'm curious how will um actually the dax itself how will it interact with with the ibc
eureka and are there any i would say unique selling propositions for the DAX and unlock
some new primitives out of what will be in the not just let's say another Uniswap V3 fork
or something similar?
or something similar?
Yeah great question.
Yeah, great question.
So with IBC Eureka, right,
the Cosmos Hub is going to become this sort of like center
of all of the kind of like IBC activity
across various chains that have historically not had IBC.
So, you know, we have IBC to Ethereum now,
but connections are also being worked on
for various Ethereum L2s like Arbitrum, Optimism, and of course, like things like Solana.
One day we'll even have Bitcoin, right?
So the hub has this like very interesting opportunity to be the center, the economic center of all of this activity.
And so what we'll see, I think,
is a lot of really interesting cross-chain native apps
start to deploy on the hub.
And Stride essentially is aiming to be the first of those
with the DEX protocol.
So the trading experience will be very chain-abstracted.
For example, you'll be able to start with your assets on Ethereum,
interact with the stride decks directly from Ethereum.
So you'll have, let's just say ETH on Ethereum,
and you want to get to SOL on Solana.
You can execute that swap through the stride decks
without ever having to actually hold your assets on
the Cosmos hub.
So you won't have to think about, okay, I have to bridge using Eureka to the hub, do
the swap on the stride decks, and then bridge back to Solana.
Basically you can do all of that in one click, and the swap will route automatically through
the eth sole
pool on on the stride decks for example so i think that's one of the the major unlocks here is it's you're going to have this very chain abstracted experience where you only put your assets on
the cosmos hub if you really want them there and of course like you'll you'll probably want to do
that for things like lp-ing using the using any of the upcoming lending protocols on the Hub and things like this.
But we think it's really important to have this native cross-chain experience
be kind of like table stakes for the DEX protocol.
Amazing. That sounds pretty amazing.
Yeah, you kind of answered one of my questions that I was going to follow with this.
What about LPs?
And how will LPs be managed?
What are the types of pools that will be available for LPs in terms of technology?
In terms of is there something innovative there?
there, apart from what we've already know that you guys posted on Twitter, that there
will be a limit orders that look kind of amazing in terms of how they will execute.
Of course, I'll give you the opportunity to kind of explain this to the audience in more, I would say, more easy way for them
to understand what's the innovation there.
Sure.
Yeah.
And maybe just to back it up just a little bit.
One of the nice things about the Stride Dex is we're going to have access to a lot of
order flow from day one.
So trading volume, which is usually this, you know,
this unicorn that's very difficult for DEXs to attract, and they do so with incentives and
various things like this, we'll have access to that basically from day one via aggregators like
SkipGo. So because we don't have to worry as much about that initial trading volume,
we can really double down on our
own UI on focusing on things like, you know, like making sure that LPs come first, basically.
And kind of what I mean by that is we want to have a really, really clean and efficient experience
for LPs. So, for instance, we'll have multiple options for passive LPing.
You know, like on a standard DEX, if you want to passively LP, you know, from the UI, you've got to put a full range position in place or one that's like very, very wide and inefficient.
And you end up just not having a great experience as a liquidity provider because your yield is low, you still suffer from impermanent loss and things like this.
So we wanted to kind of flip that experience on its head and make passive
LPs kind of like first class citizens on Stripe.
So you'll have access to a couple of different vault options.
Hopefully, knock on wood, fingers crossed, on day one, where you can put,
you know, liquidity into various vaults, and the vaults will manage that liquidity for you.
Basically, you know, like increasing your overall APR while still remaining passive.
Outside of that, you'll still have all of the standard concentrated liquidity options for people that really like to, you know, like get a little bit more granular with their LP strategies and their yield farming strategies.
All those options will still be available.
And of course, if you are interested in what, you know, for whatever reason in creating just a simple passive full range position, you can do that as well.
But for whatever reason, in creating just a simple passive full range position, you can do that as well.
So the key is really giving users as much optionality as possible in their LP strategies and really doubling down to make sure that they have the best experience possible.
That sounds amazing.
And I'm saying it not only as from my user perspective because this is one of my
personal gameplays that that i do i kind of tend to play a lot in lps in the in the i would say
last couple of months and i kind of enjoyed it because for me it's uh risk versus reward is
pretty pretty balanced apart from playing on our own protocol, Nolus.
But from the perspective as the founder of Nolus, I would say that this is music for our ears.
And I guess the next question will be to Metodi.
Let's say for the sake of the example, if Nolus was integrated with the Stri strike decks on the Cosmos Hub, how will
things get handled in terms of transaction flow and what will be the benefit for the
decks for the strike decks from having a asset backed leverage margin protocol that that will
kind of create a traction, additional traction for not only
for users but for the protocol itself.
Well, I've listened carefully to what Robo said and really sounds exciting.
And yeah, basically it would be first of, important to see which pools would be most liquid on the stride decks at the beginning before we try to integrate them.
And based on that, we can basically from there decide which assets would be good options to have as options for longing or shorting on knowledge.
And we would open different lending pools for those assets.
And more specifically, for long positions, we would have a stable coin pool. And I'm not sure what you guys are planning to be like the premier stable coin of the hub.
I guess it would be USDC.
So I can imagine that there would be like one USDC lending pool on Novos
where people would be able to deposit in a single-sided fashion without any permanent loss risk.
And from there on, we would have volatile lending pools additionally with assets.
So the stablecoin pool would be used for long positions and the volatile pools would be used for short positions.
And by this, I mean that NOLOS would open an IBC connection to the hub directly.
And via IBC and interchain accounts, it will facilitate the transfer and then trading on the stride decks for those positions.
So I'll give like a concrete example.
Let's say a user wants to go long on Atom on the Hub by 2.5x leverage. So they would provide a deposit which is collateral on NOLAS, 100 USDC,
and they would be able to borrow up to 150 USDC
from the stablecoin lending pool on NOLAS.
And with those 250 USDC, they would travel over to the Hub
and use the Stripedex as a trading venue to swap them to Atom. And that way, the user would be now longing Atom at 2.5x leverage,
which is the maximum leverage allowed on NOLUS.
And they would have a fixed interest rate and would have also a lower liquidation risk
compared to, let's say, the same criteria applied on other perp,
let's say, perp dexes or margin interest or margin protocols.
So that's how I kind of imagine it to look like.
Yes, thank you.
Thank you for this.
This is exactly how it would look.
I think the other thing that I would like to add here for all users is that,
like Rob said, if they can focus their efforts on creating a much more liquid environment,
for knowledge, this is a benefit because knowledge is only big as the DEXs it's integrated with, meaning that if a certain DEX,
let's say for the sake of the example here,
the stride DEX can facilitate
larger swaps with less slippage and price movements,
then Nullis can provide to users larger amount of margins, which margins are actually backed by tokens,
which are swapped on the stride decks, creating a flywheel for the stridex because from there lps will will gain from uh from from the
swap fees and this will create will align with with the hub itself because uh it will create
a transaction flow it will create more revenue for uh for validators etc etc it's kind of kind
of puts all the pieces together uh and creates a flywheel from all protocols that work coherently in one place, which I think is something amazing.
Yeah, and maybe just to add to that, I think it's worth pointing out that this overlaps really well with Stride's aggregator volume strategy.
strides kind of like aggregator volume strategy. Our goal is to have the best execution on, you
know, most IBC or Eka assets and a few other important assets in basically the entire ecosystem.
In order to accomplish this, we're working with some third party market makers that will deploy
liquidity at strategic ranges
to ensure that we get the best possible execution on the assets
that we care about.
Doing that obviously is key towards routing a lot
of this aggregator volume through Stride.
But even more so, it'll give, I imagine,
Nullist users the best available opportunities
for entering long and short positions.
Yeah, yeah, that's something that we've been trying to figure out in the last couple of years.
With Unifap V3 version of liquidity pools, this kind of has become less of a hurdle for users because one thing that we want to create is, I would say, an environment where users can do the swaps for their positions without incurring a massive, massive fees or price impact and
start their longer short positions with an actual unrealized loss due to fees or the
price impact that their position has made in a certain pool, which sounds amazing. Okay.
Judging that everything is kind of aligned with, in terms of chain connectivity and interchain
accounts and IBC between NOLUS, let's say, and the Cosmos Hub. Muscov. So how much time do you think it will take for Nolus to integrate with the stride decks
for, let's say, from the start till the end and have everything prepped and ready and
have the first lending market available with, let's say, three or four assets available
on Nolus that will rule through the stride decks as margin positions?
Well, that's a really good question.
So, yeah, from our side, basically, what we basically need,
as with any other Cosmos chain so far,
is for that Cosmos chain to be ICA-unabled,
which is the hub, actually.
And from there on for the ICA host,
which would be the Cosmos hub,
to allow the messages that we want to use,
namely, for example, market swap on the Stride text.
And from the Stride team respectively, we would practically need this message, for example,
to know which specific message of the contract API is so that our contracts via the Internet
Chain account can call that swap functionality.
And knowing that, it literally takes a transaction to set up the
like the IBC connection and from there on, we need to simply instantiate a set of contracts
for each lending market that we have, for each lending pool.
So our, just to give some background to Robo, it's a bit more technical, but might be interesting.
So our architecture is designed in such a passion that basically we have for each lending market,
we have a set of contracts that we instantiate to facilitate opening long or short positions.
So basically, that would mean that once we instantiate, let's say, a set of such contracts,
that would be like a lending pool contract, a factory contract that is responsible for instantiating individual positions,
which are in the form of smart contracts themselves.
And from there on, such individual contract, which is a position, can open its own connection,
like its own interchain account channel to the corresponding hub and from their own facility, trading.
And in that way, each position is basically its own isolated risk bracket.
So going back to this process, after we basically instantiate this set of five contracts that we have for each market.
From there on, we simply need to push a proposal to allow Oracle to deliver prices for the assets that are on the chain, on the hub, basically.
And from there on, I think we would be good to go.
So that's like a few days maximum.
Okay.
Asking a product development to talk about how much time will
integration take and you get this as the answer,
will be the short answer is
couple of days i i suppose yeah uh so uh basically as as i said the message the messages that we need
from uh from the contract API that of uh of pride would be like crucial thing, but that's in the beforehand,
and we could even find that in the documents and just opening an IBC connection.
And from there on, we have our architecture, we have everything in place,
so it's pretty easy to spin up a new market for instance.
So I imagine that yeah it's simply it would be simply a matter of days.
Amazing. So it's not only going to be coherent with each protocol on the stack, but it should be relatively fast and easy to facilitate,
which sounds amazing from my perspective.
I wanted to go back to Robo and of course ask the question that I think everybody in the audience wants to know is when we know guys that you already have something on DevNet, but what are the plans of bootstrapping the strike decks on the hub?
And how is your shading time?
And how do you see it in time?
Yeah, so as far as the timelines go, the DEX itself and the Hooks codebases have both
been submitted for audit.
So the audit's ongoing now.
Shortly after that, we should have a DevNet live, which I imagine you guys will probably
want access to, so I'll make sure to ping you guys when that goes live so that we can
start doing some testing. On mainnet, it's a little harder to predict because we're kind of
blocked on the Cosmos Hub launching their new VM, and it's still a bit unclear what the timeline is.
Still a bit unclear, you know, what the timeline is.
We were hearing potentially July, but I think it's reasonable to assume that, you know, that's such a big undertaking that it might take a month or two after July to actually go live.
So I would say loosely like time window July to September.
know, July to September. And yeah, it's like, as far as bootstrapping goes, we do have some funds
set aside for incentives, but we want to be very strategic and targeted with incentives. You know,
we, A, because we don't really need them as much as another DEX might, because we have access to
all of this trading volume already.
So LPs should be able to get decently attractive APRs from swap fees alone,
especially if they take advantage of some of these vault options.
As far as, yeah, so I would say like we will have some targeted incentives,
but probably not right at launch. And we would use them to like supplement some of the LPs that might be underperforming for
whatever reason.
Yeah, completely makes sense on both.
Speaking about incentives, do you guys plan to have some, I would say, some additional
utility for the Stride token on the DEX itself?
Or is it going to be a completely new thing with, I would say, a completely new organism
in compared to what Stride has already been doing?
Yeah, we're actually planning some synergies
between the Stride existing LSTs, for example,
and the DEX itself.
But on the Stride token,
currently the STRD token gets
the majority of the revenue from Stride LSTs are used to buy back and burn Stride.
I believe we're just about to cross the 400,000 STRD burned threshold,
so that's 0.4% of the maximum supply.
When the DEX launches, we'll have a protocol fee as well,
and that will also go back to buying back and burning STRD.
So 80% of that will go to buy back and burn STRD.
20% will go to buy back Atom.
And then what, you know, like, it's up to the hubs community
what they want to do with the bought back Atom,
but could be burned, could be LP'd, sent to stakers,
you know, whatever makes the most sense.
And three times exposure with Nolus for a certain asset
that it's traded on stride decks that helps buyback STRD
and gives additional incentive for other stakers.
Yeah, that sounds pretty sexy if you ask me. Yeah. And, and I will just, I will just call out, I don't see STRD on the list of
supported assets for Nolis. So I'm hoping that once the Strydix launches, we'll have
enough liquidity so that you guys can, can support.
Tell me about it. We, we actually, we, we had, we had a stride back in the days
available. However, uh, the liquidity turned out to be quite thin.
And I think there was a problem when
a whale just dumped a big amount of Stride tokens,
probably some of your bigger investors, I don't know.
And it kind of dumped the price a lot.
And there were a lot of liquidations
that occurred
on on all us and we just decided that it will be best for uh to to wait a little longer to
for the token to mature itself to for the market to mature to have more i would say more um
um exchanges where it's available with more liquidity, more options for bots to kind of level these types of volatility.
But we kind of miss having Stride, to be frank.
Yeah, liquidity should be much better on the Stride decks for STRD.
So hopefully once that goes
live we can work together on getting that going.
Amazing, amazing.
Well, I think we'll have some interesting things in our sleeve as well when you guys uh launch the the decks and hopefully we'll be able to to integrate with you
and uh to be honest i'm pretty pretty excited and pretty much looking forward to to this moment
yeah likewise i think it's going to be great um yeah if we still have a little time i do
Yeah.
If we still have a little time, I do have a quick question for you guys, if you don't mind.
have a quick question for you guys uh if you don't mind
Sure, of course.
Yeah.
Okay.
So we've got a lot of flexibility right now in the assets that we plan to support.
I'm mostly curious what assets you guys would be excited to see on the stride decks or, you like support on nolis um there are a few assets right now that i
think we'll be able to give people access to that they don't have access to yet um one of them i one
of them is usdt in size um so i that's something that could be interesting to you guys um and then
there are other like you know other assets that we are looking into but would love to get feedback from um you
know projects like nolis that are building on us on you know like what assets they think would be
important uh well would you like to take this one yeah sure sure and it will be like personal
opinion and then you can also of course uh share share your opinion, Ivan. But yeah, from my point of view, another stablecoin would be pretty great,
especially if it's USDT, because so far we have...
We started off initially with Axelor USDC, and then of course came Noble,
and liquidity started to shift towards Noble USDC.
But we have like two and currently two stablecoin pools where people can deposit
either USDC from Osmosis or USDC from Neutron. So USDT would be pretty cool, I think.
And there would be like, if that's the premier stablecoin with the most equity on the hub,
I imagine there would be interest by people to deposit that as well on North and earn more predictable yields on that.
And in terms of assets that we'd like to support,
In terms of assets that we would like to support,
basically, it would be cool if there are different assets
compared to what we have currently on the smallest.
But I imagine Atom will have the largest liquidity
pool would be on the hub itself. So that would probably kind of also allow us to change
like the leverage option for long income stride
instead of, let's say, atom monosmosis
or look to do a mix of both, I guess.
And basically any other asset for which there is demand which has a lot of both, I guess, and basically any other asset for which there is demand,
which has a lot of volume. It's a different asset that hasn't been seen so far in Cosmos.
So such assets would be welcome.
I would like to add my personal opinion on that as well um judging from
from what are people uh looking to leverage and knows currently I think again uh doubling down
on what Matthew said Adam is by far the the most I would say uh Adam and by Adam, I mean, all its LST versions is by far the number one asset that people
leverage in Nalus.
However, we've seen a lot of people that come directly from centralized exchanges and they
kind of feel interested and see and are interested in what Nalus provides as a service, as a
protocol.
And they're looking to, their requests are more focused on the,
I would say top 10 to 15 in terms of market cap assets and excluding, of course, stable coins and LSTs.
And I would pretty much like to see those coming on the stride decks
because this means more, I would say, more volume, more open doors
for newcomers to come and try the Cosmo stack.
Because in my personal opinion, in terms of UI, we're probably much ahead
of every other ecosystem because we kind of deal with problems that they haven't met yet
and they're still to start dealing with. And nevertheless, in terms of user experience,
I think we're much, much ahead from what
most protocols provide in terms of UIs on other networks.
And this is probably something that I would love to see
in terms of LPs on the stride decks and of course from there on you just follow
follow the hype because in every cycle there are certain assets that are more hyped than others
of course they generate much more trading volume which is essential for both protocols like primitives, like stride and like
knowledge, because where the demand is there, we should be there too as well.
Nice. Yeah. So as far as those top assets go, we are planning on supporting a good number of them.
A big example, I I think is XRP.
We're looking at having really good quality support for XRP,
which as I'm looking now, it does not look like is supported on NOLIS yet,
so there could be really great synergy there.
ADA is another one that we're looking at.
They're talking about being IBC enabled soon,
so I think that could be a pretty promising option.
And then one that I would really like to see, because Cosmos doesn't have a good spot market or even a good perps market for this yet, is hype.
I know that there have been some conversations about potentially deploying a hyperliquid bridge.
So I think having spot hype and leverage hype access
in Cosmos would be awesome.
Yeah, we would love to see this,
those assets in action as well.
Something that it's pretty, I would say interesting
and unique in terms of design analysis,
because we actually connect to different chains.
And if we have to go
technical we kind of stand like the second hub behind behind the the chain the cosmos chain which
where the the decks relies or what we call the liquidity hub relies uh we kind of have to make the user experience native for this chain DEX as much as possible.
So, for example, if you, Robo, would like to leverage Hype on Nullus, then you just like
probably most other protocols on Ethereum, you will have to choose on which network you would have to choose on which network you would like to do this. However, in our case, you're not kind of picking up the network,
but rather you're picking up the liquidity help you want to connect to.
So in this sense, it makes much more sensible
to have a more broader set of assets from user experience, of course,
perspective, because having more assets on different networks, meaning more, I would say,
more versatile trading experience for those users. So I think what, and back in what you said,
is having more and different various types of assets creates more opportunities for each chain on NOLAS.
And on Interchain itself.
I think we will drop you there for a second.
I don't know if you kind of managed to get everything that we spoke in the last five
minutes.
Robo?
Hey, I cut out for like just a second.
I think I lost connection, but I did get the bulk of that.
Okay, amazing. connection but i i did get the bulk of that okay amazing
oh i i don't think i have more questions to to be frank for absolutely frank i think we we kind of covered both the most most topics that we wanted to ask personally of course from from the novice's
perspective probably if the audience have some questions they would like to ask,
we would be pretty stoked to hear what are their questions
and what they want to hear from Robo and from Metodi.
And otherwise, I think we can close this space.
I have just like one question to robo regarding the the limit orders and how they would uh
work and uh whether uh i guess this means that um the ui of the stride decks would be like
would look like an order book in a way like if you
have like limit orders and just uh if you're like a trader from the trader's perspective how would it
look like
sorry i was muted um yeah so the initial uh on the limit orders, like how they'll kind of work from a
back-end perspective is Strides DEX is trying something different in that we'll have limit
orders placed directly as concentrated liquidity positions in very, very narrow ranges on the DEX.
So this has a couple of different benefits, but the main one is that,
you know, liquidity will live all in the same place. So placing a limit order will actually,
like, boost the AMM, like, the liquidity pools TVL, effectively, which will also give limit orders the opportunity to earn fees, right?
So not only will limit orders be set, fees be set to zero, so you know, you won't have
to pay anything to place an order or fill an order, but we will actually pay you to
do that.
So you'll get some small fee when your limit order executes this way.
As far as how that translates to the UI and the interface at the start, it'll probably
be a relatively basic limit order interface, similar to the kind that you see on Uniswap
or Osmosis, for example.
But down the line, we are looking at a couple of different options for a pro trader option.
So I'm not sure if you guys are familiar with Oku, but they have a really cool pro trader interface that lays over Uniswap positions.
I'm envisioning something like this. So you have like each tick in the AMM is essentially its own like
order tier on the limit on the order book. And you'll get to see like a pro trading chart and
things like this and place a limit order super easy from the from the pro trading interface.
So would love to have something like that. I doubt very highly it'll be part of any like V1 launch, but
prospects are high for doing something like that as a like a fast follow or a few months out from launch.
And this brings the question, what's your trade target audience, apart from, of course, creating a pretty coherent space for cosmonauts to trade on.
Do you have some, I would say, some specifics in terms of audience that you're tailoring the UI for?
For example, you said you're looking to build a pro version of the UI thati that will be uh specifically they work for professional uh
i would say professional traders which which means you're looking to onboard market makers
probably probably to onboard more uh i would say more bigger in um bigger and risk averse players
in terms of uh in terms of people that can expose to a lot more,
a lot bigger trading, etc.
Yeah, I think it's fair to say on the trading front,
we're probably going to be more focused on aggregator volume
on the retail side and then on the pro trader side for our own UI.
One kind of data point that validates this
is we looked into the volumes that route through the DEX UIs
of various major DEXs.
So this could be like Osmosis, Uniswap, Radium, things
like this.
And we found that roughly 15% of all volume,
and this is a variable depending on the dex,
but pretty close, right?
Like 15-ish percent of volumes
actually route through those dex's UIs.
So the overwhelming majority of that volume
comes from elsewhere.
This could be like arbitrage or aggregators like Jupyter, Li-Fi, like market maker, API traders, things like this.
So we think that's going to be the case as well for the Hubs Dex.
So we wanted to, instead of trying to push more volume to our UI, to focus we think that the bulk of people that'll come to the stride website will be there either to lp or they'll
be there for looking for some sort of um like advanced trading feature experience that they
can't get on an aggregator yeah i think i think unistop had that issue some some time back i i
read some some interesting material about it that most of their trading comes from sort of automated trading traders like bots, contracts, etc, you name it.
the only place that that they created revenue for for for them to to uh kind of continue
to develop the uniswap protocol itself was from from the ui that they provide and uh they they
needed to build more more tools on top of it in order to make it much more appealing for for end
users to to come and start start use it rather than provide the best API endpoints
or let's say smart contract communication for other platforms
to engage with the Uniswap protocol directly.
And I think what you're trying to do is well thought out
and in my personal opinion balanced.
And every trader should have his own experience and his own user interface and instruments at that front.
Yeah, and I think this is also indicative of kind of like a broader trend as well. You're starting to see this really happen on Solana with Jupiter, but there are multiple DEXs now that are live that don't even allow people to LP, right? They just exist to plug into the aggregators and people just put their own liquidity there.
And they farm it themselves, right?
And they get like, I think the best example of this is Lifefinity, which is a Dexon Solana that uses Oracle pools.
And basically they exist solely for the purpose of capturing Jupiter's volume, right?
And that's kind of like, you know, how I see most of this space trending is volume is going to shift toward aggregators because they're just so easy to use.
Everyone wants to use them. You can use them from any chain.
So I think more and more DEXs will start to focus on this LP optimization experience to capture the bulk of that volume.
I agree on that as well.
And Madhu, you're kind of the expert here
yeah uh yeah i i completely agree and uh also like for for novels as a trader to
tap into like um uh let's say uh like a router directly which optimizes like your
uh trading experience the best possible way to kind of... The idea is to get the most output for your input, right?
So that would be like something that is really beneficial for even NOLS
as a protocol to use like the DEX underneath.
like the DEX underneath.
That's right.
That's right.
Totally, yeah.
And the experience is optimized for protocols as well,
because I imagine contracts and leverage protocols
also take up a very large portion of DEX volumes.
So this strategy works really well
to make the Nullis leverage experience as seamless as possible.
You want people to be able to come in with 20,000 Atom or 50,000 Atom and just ape that position on Nolis.
We want to make sure that there's optimized liquidity to do that.
Well, careful what you wish for.
This is a 150k At don't mean a single transaction
sounds sounds pretty i would say pretty ambitious but hopefully uh let i i hope we'll see it someday and probably this will not be due to the low price of adam or something like that
yeah exactly and hopefully that'll happen on the stride decks. We want to,
we want to facilitate that. Fingers crossed there. Fingers crossed.
Guys, it was a real pleasure to, to be honest. Um, and, uh, I think it's now,
it's a good time to, uh, close the space and call it a day uh robo again real pleasure talking with you uh metody
as always um thank you for your time i hope that um you can for the listeners i hope that you find
the uh the space interesting and informative we were kind of discussing the thing that matter
matters the most to us from the protocols
perspective and from personal perspective i don't think that uh we were more i would say um user
user community uh aligned today but we're we're pretty from from the Nolas standpoint, we are pretty much excited on what Stride are building and can't wait to see it in action and hopefully have everything prepped and the two protocols working together in the upcoming months.
coming months. Amazing. Yeah, I thank you so much for having me on, guys. And hopefully we can have Nolis be, you know, like as close to a day one launch partner for Stride as possible. And from my end, you know, super happy to do anything we can to help make that happen. We'll get you guys some DevNet access and make sure that, you know, that you guys are all set to go for for day one.
that you guys are all set to go for day one.
Thank you again, guys.
Thank you again, guys.
It was a pleasure.
It was a real pleasure.
Have a great day ahead and talk to you in the next one.
Bye bye. Thank you.
Host
Nolus 🔅
from
Nolus Protocol
