the right, hello everyone just want to check the microphone real quick before we start the session. We have five minutes away. If you can hear me just give me a thumbs up and I think we have Travis in the space as well. Hey Travis how are you doing man.
Thank you so much for being here.
Well, I don't know if I should call it an AMA,
but I guess we can call it a chat.
So this chat is organized by SubQuery.
And BSC Daily is very proud to be the co-host for this session.
Again, we're going to dive deeper into SubQuery
and the reason why we have this conversation in a little bit.
Again, we're just waiting for all the speakers
to show up testing their microphone.
But from Travis' point, I think we're all looking good here.
Also, guys, if you want to ask any questions at all
about any projects here, just leave it in the reply
And if we have time, I will go ahead and select
some of the best ones and I will put it on here in space
for all of our esteemed guests to answer.
But we also have rewards for the participants.
If you want, you can also make sure to follow all the projects
and retweet this session.
SubQuery, they will select about five luckiest person,
I guess, to send the rewards.
But yeah, that's about it.
I think I see Chris in the space.
I'm just trying to make a correct guess.
We had Christians from Bifrost as well request it.
Just invited you in as a speaker, sir.
Chris, is it all good over there?
And oh, and we got Alberto from Pippa Moon.
How's your day going, man?
Great, a bit busy as always.
That doesn't sound great, by the way.
Morning time or afternoon time where you're from?
Good to have you here in the space.
Thank you so much for taking your time.
I know it's very busy over there with you guys.
And yeah, thank you so much.
Yeah, thanks for inviting me, actually.
And Alberto from Pippa Moon.
How are you doing today, sir?
Yeah, so I am from Pippa Moon, but I'm
representing Moonbeam as a developer relation.
Yeah, we can hear you amazingly.
I'm actually very excited to have this conversation
Again, you are one of the core contributors
for Polkadot and Moonbeam.
And I guess you are the only person here representing,
not a project, not a DeFi project,
but sort of like a community.
So that could be very insightful to hear your perspectives
about Polkadot and Moonbeam and how decentralized the network is
and how you plan to, let's say, attract more builders and users
And OK, we got Luis from Optopus.
Hey, Luis, if you want, you can go ahead and request to speak.
We'll try to invite you on.
We also have Brittany Seals from SubQuery Head of Marketing.
All right, thank you so much.
Thank you so much, by the way, for inviting BSC Daily
as the co-host for the session.
And I think we should be ready to start in about two minutes.
So we also have Akala, right?
Add Aspiga from Aeroscraper.
OK, so we have one, two, three, four, five.
We still need, I think, two more.
I don't see him here from Eclipse Fi, Simon.
We're also missing him as well.
So if you guys are in the space, please request to speak.
We should be starting in a little bit now.
Yeah, while we wait for the guest speakers,
I guess I can walk all of us through the basic process
of how we run this session.
It's very simple, by the way.
It's like a five-set chat.
So I got a few questions, general questions, topic
questions, to ask all of the projects here.
So you guys need to take turns answering.
So I will call out your name based on specific order,
And then when you answer the questions,
I will also ask specific discovery questions
about individual projects.
So you guys have more time to talk
about your products and your visions
with the future decentralization of finance.
And also, the topic questions are also
going to be including how you guys are
working with sub-query to decentralize the future
and make DeFi more accessible to the mass sort of thing.
And then we have the final part where
we will give away the NFT to the community.
And please, if you have anything you want to jump in and say,
just go ahead and interrupt me.
I don't matter that much in this conversation,
Do not interrupt the guest.
But feel free to interrupt me anytime you want
and to contribute to the conversation.
And that should be it, though.
Very excited for this session.
I've been staying away for a couple of hours
now during a lot of coffees preparing for this one.
I guess, OK, so we have Simon.
I think we only need folks' finance.
Maybe I'm missing beyond his Twitter.
So let me go ahead and find his Twitter real quick
to see if he's in the call.
All right, you know what?
Maybe we can go ahead and start the session first.
And maybe we will let Simon, oh, I'm sorry.
We will let Biondi to speak last, I guess.
All right, so I basically did the general introduction
But again, thanks for tuning in today's dialogue
with subcurry and the partner projects,
talking about subcurry's countdown to MinNet launch,
which is happening on February 23 at 8 AM UTC.
That is also the time where they are going
to be having the TGE, a very exciting time.
And of course, in this conversation,
we are also touching the topic of decentralized futures.
That's the motto behind subcurry as a data provider, RPC
provider, and data indexer.
So with this conversation, my name is Daley.
And I'm from BSC Daley, the co-host for the show.
And joining with us today, we have
seven renowned projects throughout the ecosystem
The first project is Akala.
The representative is Travis, managing BD and product
Christian is going to be speaker.
He's the growth manager from the project.
We have Simon, the CEO from Eclipse 5, a brand new project.
Alberto is the core dev relation contributor
to Moonbeam through Paper Moon, a community of dev real.
And next, we got Luis from Optopus Finance, a network.
Also, we got Benedito Biondi, the CEO from Fox Finance.
And then lastly, we got Seridus,
the co-founder of AeroScripper, a project building
on Injective and Xeon, which I'm very excited about.
So generally, again, we want to have about four or five
general topic questions for the guests here,
and also some discovery questions specifically
targeted for individual projects for them
to talk more about the topic.
So let's go around the room and introduce yourself individually
to the community before we get started.
Brittany, do you want to get us started
with Subkorey's introduction and the general feel
Hopefully, everyone can hear me all good.
Yeah, I might speak for just like 10 minutes
or so just to open up the call.
We'll see how long I blab on for.
But just wanted to kind of do a welcome to everyone
and then just talk a little bit how Subkorey got
to where we are today, which is on the cusp of our mainnet
And then I'll hand it back to our lovely host, VSC Daily,
who will moderate the call.
So as I say, firstly, welcome everyone
that's joining the call and particularly
to all our guests and partners here.
Thanks so much for joining us.
I'll talk a little bit about how you've all
helped us literally get to where we are today.
But firstly, just to introduce myself, I'm Brittany.
I'm the head of marketing at Subkorey.
I haven't always been, though.
I've been with Subkorey for a bit over two years or so now,
maybe almost three, starting on customer side,
so in the head of customer relations
and within the kind of BD team.
So I worked super closely with all the partners
that we have on this call.
I've worked really closely with them
to try and make sure Subkorey, the SDK, and the managed
service, which is two of our main products,
until we launch our decentralized network,
but just making sure they were running to everyone
So I actually credit them a lot for all the feature
improvements and enhancements we've
made over the last couple of years.
I mean, we have a team dedicated to building an indexer.
That's why people should use us, so they
don't have to waste time working out indexes and building
But it's these partners that we have on this call right here
who are actually taking Subkorey and putting it
into their use case and letting us know, hey,
have you thought about adding this feature,
or is there any way I can do this?
So they're really the reason those customers are the reason
that we've added so many of the features
and are so proud of where Subkorey has come to today.
So yeah, I've worked super closely with all our customers
and then always was really well integrated
with the marketing side of things.
And we kind of had an opening towards the end of last year,
so it was a bit of a natural step for me to move over there.
And I've been loving being on the marketing front,
especially through this exciting time
that we've just had with our public sale
and now coming up to our TGE.
Also, just want to quickly mention,
our Subkorey official profile is here on the call as well.
So Suchi's there, who's our head of global community.
And she will do a little closing at the end
and also give out the Zele code word
for any of our community who are here on this call,
or maybe any of our partners communities
might have checked out our Zele quest board.
We do have a code word that we'll
be sharing during this call,
where you can earn some bonus XP.
Cool, moving on to the Subkorey journey.
So we kind of started out with Polkadot as our first home,
starting out with a web three foundation grant
in early 2021 to build an open source project
that allows users to run an index or across their chain
to build a data set that can be queried with GraphQL.
So you might notice there's a few Polkadot projects here.
We still have a lot of love and loyalty there.
Big shout out to Akala, Bifrost, Octopus and Moonbeam,
who have all been a huge part of our journey
right from the beginning.
I think they're all kind of our oldest partners
that we've been working with.
So I really don't think we'd be where we are today
Akala in particular, our team was kind of birthed
out of Auckland, New Zealand,
and the Akala team was as well.
So they've been a huge support always
just by having them so close to us.
I'll be interested to hear when Travis speaks
if he is a Kiwi himself, but yeah,
both of our teams kind of started out of New Zealand
and have become a bit more distributed since then.
So yeah, it was about a year or two years maybe
into our journey, two years ago, I think it was,
that we thought, okay, we've done a great job.
Polkadot was the perfect first home for us
because it allowed us to be multi-chain
with obviously all the kind of same foundations
that Polkadot provides, but we got quite familiar
with adapting and adjusting to different chains.
And we knew we could take this one step further.
So we started that out with Avalanche
and then that was followed closely by Cosmos and Algorand.
So it's awesome to have a couple of Cosmos teams here
in Eclipse Finance and Aeroscraper,
and also Algorand representing Folks Finance,
which I think may have joined now
or should be joining soon, hopefully.
And now Subquery supports over 150 different networks.
And we have the widest level of support
of any indexer on the market
as well as multi-chain indexing.
So we're super proud of how far we've come with that.
That's kind of what we spent the last year or so doing,
was really fine tuning our products.
So adding chain support and feature requests
to the Subquery SDK and the managed service,
but also working on the decentralized network,
which is kind of what this celebratory event is all about.
So a little bit of background there,
we plan to launch in Q1 of 2023.
then the market started looking a little bit shifty.
We weren't confident that it would all go how we'd hoped.
So we thought, okay, let's push, let's push to August.
But still, as everyone on this call I'm sure will know,
last year was quite a turbulent year.
The bear market kind of came in in full force.
So we eventually decided to postpone our mainnet launch
and instead launch the Kepler network.
So Kepler was our pre-mainnet.
It was designed to bootstrap the Subquery network
and progressively decentralize real world Subquery projects.
So just want to give a quick shout out
to Nova Wallet and Nodal.
They were two of our first customers
who we ended up channeling traffic
into the Kepler network for our indexes to serve requests.
And it's basically set us up for success.
It's been about eight months of running Kepler network now
and we're super confident we have a load of expert indexes
that makes us really ready
to launch the Subquery network tomorrow.
And yeah, we can't be more excited.
We have also got a goal to decentralize the future.
That's what we're all about.
That's what this call is kind of themed around
and we're personally doing that
through web3 infrastructure.
So I've mentioned indexing a lot
throughout my little spiel here
and we're super proud of our expertise in indexing
but we kind of had a revelation a few months ago
that we didn't need to stop there.
We had these node runners in Kepler network
already expertly running indexer nodes
that had the setup and the expertise
So we decided let's go one step further.
Let's try and be a web3 infrastructure revolution
and add decentralized RPCs to the Subquery network as well.
So we've already got those running in our testnet
and we'll be rolling them out live in Q1.
And then we have even more ambitious plans
to further enhance and democratize RPCs
to make them more efficient and cheaper to run.
But right now on the immediate horizon
is that mainnet launch that we mentioned at the start.
So our mainnet launch, TG and listing
are all taking place tomorrow at 8 a.m. UTC.
So the 23rd of Feb, just under 24 hours from now,
I think 23 hours of my time zone,
if I've got my time zones right.
So really excited, hoping a lot of you
will be there to support.
And just wanna say a huge thank you again
to our partners on the call
that are gonna be speaking today.
We really credit them a lot with getting us
to where we are right now.
And now we just wanna open up the floor basically
to have a chat about how you've worked with Subquery,
how Subquery has helped you.
But also just give you the chance
to talk about your project,
how you're helping contribute
to a more decentralized future.
So feel free to talk about your existing
decentralized products, anything future you have upcoming.
And yeah, and as I mentioned,
Suchi will close out the call on behalf of us at the end
and I'll hand back to our wonderful host now BSC Daily.
Thank you so much for that lovely introduction Brittany.
Again, BSC Daily has a pleasure to talk
with Subquery last month before your ideal,
well, during your ideal, I believe, or presale.
Yeah, and you guys achieved a significant milestones there.
You guys raised a couple of millions of dollars
And so it's just such amazing to see
that Subquery is growing, growing
and the community is still very supportive of the projects
after several post-point of the launch.
But still we are approaching it very close now.
Less than 24 hours is gonna be the mainnet and the TGE
and also the listing on Bybit.
All right, thank you so much.
And let's head to our guest speakers in today's session
and let them introduce themselves.
Let's go with the trap from Akala.
Hey man, do you wanna give us a brief introduction
about yourself and your project?
Yes, of course, thank you.
So yes, as mentioned earlier, I'm Travis.
I'm a charge of BD and product marketing at Akala
just to answer Brittany's question real quick.
I'm not Kiwi, I'm Canadian.
So kind of on the other side of the world,
but yes, I work for the Akala network, Akala.
We like to tackle a lot of issues in crypto,
but our main goal is really to help people
get onboarded and to have access to different services
in a decentralized or hybrid decentralized manner.
And to do so, we are tackling the liquidity issue in crypto
that we really believe that fragmented liquidity
can cause issues and can kind of slow down
building these robust apps and functionalities in crypto.
So that's kind of our focus right now.
We built things around it that I'm sure I'll be able
to explain relatively soon.
Akala is listening in the chat,
if you guys are curious to following us,
but like mentioned before, we've been with SubQuery,
we've been working with SubQuery for quite some time.
So excited, yeah, excited to be here.
And next we got Luis from Optipas.
Do you want to do a brief introduction about your project?
Sure, thanks for having me here.
Optipas network is the infrastructure.
We started this journey about five years ago.
At the time, we began with running power cloud,
Cosmos, all the things related with multi-chain.
And yeah, we actually were among the first batch
of SubQuery developers joined the very first
education session hosted by Brent,
the co-founder and CTO of Akala five years ago.
But Optipas network is not a pocket of ecosystem project.
Our, let's say we try to,
let's say combine the advantage from pocket of architecture
So Cosmos presents the open generic purpose
interesting communication protocol IBC
and we think it great, but at that time,
Cosmos do not have this shared security service.
So we try to build a new type of marketing network
which leverage this open interoperability protocol IBC
will also provide shared security to offload
validator sets recruiting work from the app teams.
And eventually we reach agreement
from near foundation receiving strategic investment
and also the other institutional investor.
And we build a hub overlay on near blockchain.
From there, we can share security to SubQuery chain
and our 2.0 network to Cosmos chain.
And also we facilitate this interoperability stack
And from the very beginning,
we are a partner of SubQuery since this two infrastructure
project are quite complimentary with each other.
We support the app chain, the blockchain part.
We also have query to the others such as indexer,
RPC service and so on and so forth.
So all the office app chain at the current time
that six all of them rely on indexer
that's supported by SubQuery, that's all for me.
Thank you, thank you so much, Louis.
So we got Akala trying to tackle the liquidity
of fragmented liquidity issues with blockchains
and now with Octopus, you're trying to solve
sort of like the communication issues and security as well.
So very exciting and diverse type of guests
we have here in this space.
Next up, I think let's go with Bifrost.
So Simon, Christian, I'm sorry.
Do you wanna open your microphone?
Yeah, introduce yourself.
Well, hello everyone, I'm Christian.
I'm growth manager for Bifrost Finance.
Bifrost is basically a substrate based
Kuzama and Polkadot parachain
as many of other like project and protocols here today.
Bifrost provides non-custodial, decentralized
and cross chain liquid staking assets.
Practically by leveraging the very famous Polkadot XCM,
which is the cross consensus message.
Bifrost provides its liquid staking assets
and it's in general like DeFi services
to several chains, several networks
serving what we usually call the omni-chain visual.
So having a parachain that can be connected
with its like standardized assets
with other networks without like leveraging
of you know, wrap that set, et cetera.
Basically what Bifrost provides is like the so-called
V-tokens, which is a liquid staking asset
that allows users to earn staking rewards
while participating in DeFi.
So leveraging of, for example, liquidity provisioning
on taxes, using V-tokens as collateral
for joining landing and borrowing markets, et cetera.
Of course, like being a layer one blockchain,
we enable developers to build innovative application
on top of Bifrost itself using like Bifrost tokens.
And our relationship with sub grade team started almost
I would say two years ago, a bit less than that.
And it's as other already mentioned,
it's on an infrastructure level.
We work like to enhance the API services
for the Bifrost app and our SLP data index.
But I'm sure we will have time to deep dive
into that later on today.
So that's it for the moment.
Thank you so much for that introduction, Christian.
And moving on to Eclipse Fi.
How are you doing today, sir?
Hey, I'm not Kiwi, I'm from Australia.
It's close, but different.
I'm Simon, CEO of Eclipse Fi.
We're building a launch pad
on Neutron and Cosmos ecosystem.
I guess the preface and the vision of Eclipse Fi
is to build a launch liquidity hub
that brings trust and sustainability back to launches.
We are working with Hyperlane to deploy
in a cost chain manner so that we can support launches
across IBC, but also into EVM
without users having to bridge
or mess around too much with poor UX.
And I guess our big focus has been on really working
and supporting a lot of projects that we noticed
that when they go into their token launch,
it's typically like a lot of predatory behavior.
There's a lot of, I guess, overwhelm from market makers
and centralized exchanges and launch pads
on knowing how to do it the best way
and ensuring that everyone's trying
to take a pound of flesh.
So that's kind of been a really big focus.
and then we have, we've actually deploying
a governance aggregator on top of Astroport as well,
which will help to fund all liquidity incentives
to projects listing on Eclipse.
So yeah, we've been working with sub-query
And even in the previous project I was involved in,
we had some involvement with sub-query too,
using mostly the indexer for charts on LVPs
and various forms of data provisioning.
So again, I'm a big fan of launch pads
and the fact that you also built on new churning,
which is sort of like blockchain
that just captured a lot of attention recently.
I'm very excited to figure out how you can sort of solve
that issue that you just mentioned,
where there are a lot of complexities
when people or investors come to launch pads
and you're trying to sort of bridge that gap
and make the liquidity to move easier
between, you know, IBC and EVM.
So that's very interesting to see, to hear.
And next we got, let's go with Alberto from Paper Moon.
Do you want to give us a brief introduction of yourself
and your collaboration with sub-query?
Yeah, so basically I'm Alberto from Paper Moon.
Paper Moon is a core contributor
to different activities for Moonbeam
and other parachains like Tansi, for example.
Paper Moon was born out of the need
for decentralizing Moonbeam.
So that's actually pretty cool to tell the story
in such an event like this.
And we're talking about decentralization.
And so, yeah, basically Moonbeam,
the last side of Moonbeam, let's say,
was actually done through a company called Pure Stay.
And Pure Stick decided to sort of kind of like
split apart into different sub-companies.
And they're all working now with the Moonbeam Foundation
on developing the core protocol
from different angles, right?
So I am the founder of Paper Moon,
which does developer relations as a service.
And yeah, like Moonbeam is a smart contract platform
that's fully Ethereum compatible
for the Polkadot ecosystem.
So we want to be basically the place
where applications are built.
There are bases Ethereum smart contracts.
And we do a lot of collaboration
with different participants in this space,
And I've always said, right?
I mean, like, indexers in general
provide a really valuable service
because they provide a way to retrieve data from blockchains
that it's much cheaper and feasible
than actually storing data in blockchains themselves, right?
And so I think it's great that sub-query supports,
from both the indexing side and the infrastructure side.
And I think, you know, indexers provide a much needed service
for any smart contract developers or DAP developers
because, you know, they can retrieve data
and post-process it and present it in a very nice dashboard
for end users and retail users
so that they can do analytics on it, right?
So, yeah, I think I'm happy to do a deep dive
into more things as we progress with the space.
And thanks for that, Mike.
Thank you, thank you so much for that.
Yeah, I'm a big fan of that too.
I mean, we will never have dashboards
to look at all of the stats without, you know, indexers.
So, sub-query ones are best out there, very fast.
All right, and very affordable as well.
Next, we got Octopus Network.
Oh, I'm sorry, I think we talked about Octopus before, my bad.
Moving on to folks' finance.
All right, well, do we have the bellies?
and thanks for having me here.
A pleasure to be back talking with the sub-query team.
We have done a few spaces together already.
I'll introduce myself briefly.
I'm the CEO of folks' finance,
which is the largest DeFi upon algorithms.
We offer lending, borrowing, liquid staking,
leverage liquid staking, swaps, and leverage trading.
So, we try to collect all the primitives of DeFi
into one simple, easy-to-use platform
so that users don't have the friction of switching
and learning different UIs in different gaps.
So, that is our mission, basically.
We have about 140 million TVL grown in Algorand
and now we are expanding cross-chain
by building a new hub and spoke lending protocol
on top of CCIP and Warmo.
So, soon we will be launching also in other networks.
And with the sub-query team,
we had a lot of fun, I would say,
by working together in Algorand.
They were very helpful in building our analytics page
for our DEX aggregator, which is Fox router.
So, anyone can see actually
what we're doing on the Fox router website.
Sometimes, I think you have a bit
of internet connection issues.
You're cutting out on it.
All right, cool, cool, cool.
Okay, so thank you so much, Biandi, for that introduction.
Lending and borrowing, all in one platform,
making it easier for people.
I think it's also very important
because I think that sort of like block people
from coming into all of these very complex DeFi crashes
is indeed because of the complexity.
Like, for example, I got in crypto ever since 2020,
and it wasn't until 2022 did I try and dare
to get into this Lending because it's so complicated.
I don't know where to navigate,
Well, my token came from Ethereum,
turned into RAP Ethereum, turned into VE Ethereum.
Like, it doesn't make any sense to me.
Well, I'm very eager sort of to learn more
about how you guys bridge that gap,
make it easier for people, like educate people
to have a better understanding of these things
and sort of like adopt more into DeFi
because that is lending, borrowing, swapping,
the staking, liquid staking.
Those are the blue chip of DeFi
that I think everyone should get into,
but because of the complexity of it.
So finally, I think we had AeroScraper.
Do you wanna introduce yourself
and what your relationship with Suppery has been?
I am Serides, co-founder of the AeroScraper,
and the designer of the AeroScraper.
Conversations sub-creating
to their upcoming mainnet launch.
It's too hard thing, I know that.
So AeroScraper is a stablecoin lending borrowing platform.
And we are using, not using,
we are taking their users collateral
and minting a stablecoin in AeroScraper.
we need to track every user's throw to do that.
In that case, our query indexer infrastructure
is really helpful for us.
And we using indexer for tracking throws.
So basically something like that.
I mean, being a stablecoin issuer,
also lending and borrowing as well,
you guys desperately need data
and indexing data from blockchain.
And it's very expensive to do it on your own.
So with Suppery, I think it helps a lot.
So yeah, that was the introduction of all the projects
here that we have in this space.
Now, moving on to some of the more targeted questions.
You guys have been talking about
your relationship with sub-query.
Some of you guys have been working with Suppery
for like two, five years, right?
So let's go back to Travis and Akalam.
And do you wanna tell us why did you pick Suppery initially?
And how do you collaborate with sub-query, basically?
To further decentralize the future?
I think I, unfortunately,
personally I wasn't there at the beginning, beginning.
So the choice of sub-query,
it might've really just also been regionally.
And of course the folks over there are wonderful people.
But as far as how it integrates with Akalam,
it really powers all of our stats and dashboards.
So whether we're looking at user stats to see,
and analyze, and see how we can improve,
or even just our dashboard,
our main dashboard on our Akala app,
where you can see your tokens,
if you're involved in liquid staking,
if you're involved in any of the apps within our ecosystem,
our dashboard is powered by sub-query.
On top of that, our EVM Plus stack is also to index
all the EVM transactions and events
that are used by our Ethereum or our PC service.
So that is very important to us.
It's very important in the blockchain, as you mentioned.
And so we're happy to be powered by sub-query
And so I think I have one little question
You talk about sub-query and your,
I would say most used product from sub-query
and I guess that's the same for everyone here.
But do you know any instances from Akala Network
using other products from sub-query?
Off the top of my head, I can't,
I can get back once we go around the circle,
but yes, off the top of my head, no.
Basically, I'm doing sort of like a questionnaire right now.
I'm going to go through some survey to see what products
from sub-query and data providers
that are mainly used by DFS.
So for now, I think indexer is pretty much the one,
the go-to one that everyone uses.
So that's very interesting.
All right, moving on next, excuse me,
Lewis, do you want to talk about
why did you pick sub-query as your partner
and how has the collaboration been?
the blockchain is quite complex
in terms of technology and the coordination.
Since it's permissionless,
we need the community to run nodes,
to collectively form the consensus,
blockchain deals with a great amount of assets
and pretty vulnerable to hacking.
And especially in our case,
we're not dealing with one app chain or even two,
we try to onboard as much as possible
app chain on our network.
And apparently our team cannot do all the aspect
of the infrastructure in 100% professional way.
And we are happy to find out
that sub-query has been working on
indexer and RPC service for a while,
by label indexer and RPC service
to saturating and then to customers chain.
So there's no, actually it's our share.
We are so happy to cooperate with sub-query,
offload a great deal of complexity
to this professional team.
I think Optopus Network is one of the few projects here
that are using different,
more different products than just an indexer.
You guys mentioned the RPC provider by sub-query.
I just wanna ask really quickly,
how has the experience been with sub-query services
in terms of indexer and in terms of RPC,
are they faster than competitor?
Have you been doing a little bit of comparison?
We are open protocol, open community,
so we don't want to, let's say,
so we keep and close eyes on the infrastructure,
and also we have cloud communication
with sub-query tech team.
the service provided from sub-query is quite stable,
and the efficiency keep moving up.
So even if there's much more options
than three years ago, two years ago,
but we still keep the stick
on the competition with sub-query.
I think we do not have better choice than that.
No, that's such a good answer,
and that shows how loyal the partner projects to sub-query,
and how, again, loyal sub-query is to their partners.
In order to keep a client running for like three, five,
as you'd mentioned, five years,
and keeping them very satisfied with your service
Our relationship is about three years,
and the infrastructure we rely on
expands about two years period of time.
That's still a very significant time,
given how many options you have,
as you mentioned, the market.
All right, thank you so much for that.
Do you want to talk about your relationship with sub-query?
What products of sub-query have you been using,
Okay, because it's lagging.
My phone this morning, it's somehow,
I have some issues, I don't know,
but I think it's a next issue.
Anyway, well, Bifrost, as I mentioned before,
has partnered with sub-query
on an infrastructure level, obviously.
It started using, of course,
the on-finality API service
that has been announced for the Bifrost app,
and as the other already mentioned,
we use the data indexes for our SLP,
which is the stake-in liquidity protocol
that Bifrost uses to issue and develop its B tokens.
Since we started to collaborate with it,
we saw the traffic increase within the Bifrost app,
that has been increased in fact, dramatically, I would say.
To answer the question you made to my colleague,
we saw that the Bifrost RPC and WSS endpoint
have been allowed instantly query.
Basically, users could request and create new Bifrost addresses
hundreds of times per day for free,
and Bifrost basically also allowed its users to,
how can I say, access the DAP in the easiest way,
and we can also set up dedicate nodes
to access high-performance RPC.
So we found out using these infrastructure
several advantages, both on protocol side,
so for our Devs team, and also for users
that are going to use Bifrost
and its liquid stake-in product,
basically just to list some
that are coming on top of my head.
We had this efficient and I would say also reliable
node query infrastructure.
We provided faster scalability.
So for example, it was easier to set up emergency
alarms, it was easier to use several tools
to monitor the performances.
It has also been provided by the team,
sort of like monthly breakdown of that usage.
So I would say that so far our experience
was very positive and that's like,
actually we are really happy to continue collaborating
down this road with the team.
Wow, thank you so much, that's very lovely to hear.
being a multi-chain launchpad,
I think the most prominent product that you're using
is probably the indexer, but I could be wrong.
So you built on NuJion in the Cosmos ecosystem.
So do you wanna talk about your relationship
and your experience using their services?
I mean, we were actually building on Say initially.
There's a couple networks that we're building on.
We've had a bit of a niche history with chains.
Say network was one that we were building on
and then there was some mess arounds with the adapts
but I know sub-query was deploying there.
Mostly the deployment of sub-query has been around
data provisioning with charts and things like that.
So we have a couple of launch modules
that utilize sub-query charts and data such as the LBP.
And we have a couple of upcoming launch mechanisms
like lock drops and LBAs and stuff
that do use data and charts.
I guess there's a few other areas
in which we're wanting to update data
So yeah, that's where we rely on sub-query for.
So yeah, they're the main,
I believe they're the main utilities for our relationship.
Going back quite some time actually.
Oh, okay, going back quite some time.
Is it ever since you started Eclipse Fi?
Or you tried out the products
and then you saw sub-query having a better ones
and then you move on to sub-query?
So there was, I'm less on the tech side,
so with Eclipse Fi obviously like sub-query
was one of the main solutions
that was available on the chains that we needed
and had a decent relationship and quite some time.
I was involved with a previous team
back in the Terra ecosystem actually
that relied on sub-query.
So I've known about sub-query for quite some time
and relied on them quite heavily
across a couple of different utilities
And then obviously with Eclipse Fi.
Yeah, so that's, yeah, it's been quite some time.
I think it's been since the Terra days, so yeah.
The bad nostalgia, I don't wanna say it.
All right, if you know, you know.
But yeah, thank you so much for elaborating.
Okay, so we got also Paper Moon as well.
And so you're not a big project obviously,
but do you, how operating with sub-query
is it on the, you know, educational side with the community
Yeah, well, I mean, I would say that I'm here
sort of also representing Moonby, right?
And like, you know, sub-query and non-finality
both work with Moonby from very early on.
You know, Moonby started as a project around April 2020
and I joined the team in June 2020.
And so yeah, I think like sub-query
was one of the first indexes that was available there.
I mean, if you know how Polkadot based chains are built,
you have the substrate side,
but on Moonby you have the EVM side, right?
And sub-query allows you to index both,
which is super powerful, you know,
compared to other indexes that are like the graph,
which is only, you know, looking into the EVM side.
And so, you know, since very early on,
you know, we met the sub-query team,
we met the on-finality team
and we've been collaborating together
on many different initiatives.
You know, I've been chatting with, you know,
James and Marta from the sub-query team since like forever.
I have a joke going around that Marta is like stalking me
because I see her in every meeting
that I go to every conference.
And so yeah, just that presence that they have,
it's incredible, you know, to collaborate with them.
They're super responsive when you have questions,
when you have problems, when you,
even like if you're trying to do an indexer
and like you have the most basic like question,
they're there, they're there,
they will help you out and so on.
And that has a lot of value to think about it, right?
Us doing DevRel for Moonby,
we understand the value that that brings, right?
And so, you know, like even me personally,
like when I've sort of like,
I've looked into issues on new meme around data
and things like that, I've used sub-query
to index the network and check it out, right?
And it's extremely cool to use.
And so yeah, as Papermoon, you know, like as a Papermoon,
because of our DevRel oriented sort of focus,
we've used sub-query as a product for since early on.
And yeah, we've collaborated with the team.
I think I'm not sure if they're part of our Academy,
to be honest, I'm not sure if they have a course
in the Moonbiller's Academy that we run through Moonbeam,
but we've done many workshops and things together
to sort of showcase how important indexing is
and how easy it can be done with sub-query.
So I'll leave it after that.
Yeah, I think an important point that we haven't mentioned
is when it comes to the support of the providers,
I mean, it's absolutely crucial.
And a lot of things can happen
and seeing how responsive sub-query is,
how fast it is, they're amazing detail.
It would help and I think that's very important
to you guys as well, Papermoon,
being very focused on DevRel and education aside
And like, I don't know, like if you're a person
that have used the product,
you understand how good it is.
And like, I don't know if you've seen like
the on finality dashboard,
the infrastructure dashboard is extremely clean,
it's extremely easy to get your own endpoint
to work on top of, right?
And like I said, the response that they give
to people that are having problems with Moonbeam
and so on is super on point.
And that, at least to me, has a lot of value, a lot, right?
Because when you have an issue
and you see a quick turnaround time with the response,
with the acknowledgement,
that means that people care for their product, right?
And I think, across since, like I said,
I've been engaging with the team for over three years now
and we've never had a hiccup, it was super great,
the communication is always great.
And that translates as well to people building on Moonbeam.
So I think that that's what's important to tell.
Okay, we got a folks finance coming up next,
being innovative, lending and borrowing,
also trading and managing of digital assets,
as you said, it's like an all in one platform
How important is sub-query to you
and how have you been collaborating with the provider?
Hey, sorry, it's like my connection is not the best really.
So we have been basically on algorithms
that aren't many indexer that provide services.
So when sub-query joined like the ecosystem,
we were building our DEX aggregator.
So it was perfect timing in order to work together.
And we built using their tool,
very cool dashboard that tracks transaction volumes,
fees volume, both daily or monthly,
also the type of token that are swapped
and the different volumes.
So this is actually easy to,
and serve at folksrouter.io in the metrics page.
So in the past years to build the dashboards for analytics
because of the lack of tools in the ecosystem,
but sub-query was actually giving a lot of support
and we were able to do this kind of easily thanks to them.
Again, I'm still seeing a little bit of issues
with your connection end.
So again, you might want to check that out.
All right, moving on to AeroScraper.
Now, building a new project on your Twitter,
you said you're built on Injective.
You also built on Xeon, which is a brand new layer one,
which is developed by Burn, very exciting things,
stable coin, each landing and borrowing zero fee.
So you said earlier that the main product you're using
is the indexer needed to track every user's wallet.
What has your experience been using sub-query indexer
and do you plan on using other products
Yeah, we've started developing AeroScraper
And as you said, we made AeroScraper available
to users on different chains like Injective Xeon.
We can track approximately 10,000 throws
on the Injective side and 20,000 throws on the Xeon side.
Maybe it's more I did not check today.
In order to do that, to do this,
we need to find a suitable indexer provider.
Accessing the data have to be fast and travel free.
Because one of the cornerstones of the AeroScraper was
are need to instantly reflect the price information
we obtained from Oracle into the true operations.
At the same time, the service, the indexer service
had to be reasonable for us, for the project owners.
For these reasons, sub-query was an extremely optimal choice
Yeah, we can say that we are talking about sub-query
And yeah, sub-query, they support about 150 plus networks
including Injective, so I think that's the reason
why you are also using them.
But I don't see they're supporting Xeon yet
because Xeon is relatively new.
So in the future, if sub-query decided
that they were gonna support Xeon
because why not, it's gonna be amazing.
All right, thank you guys so much, man,
for all of your insightful info
about your collaboration with sub-query.
And just to summarize, I believe every project here,
they are very happy with what sub-query
has been bringing to the table.
They are very responsive.
Their products are top-notch,
very competitive to the market.
And of course, all of their support has been amazing.
That is why they managed to keep all of you guys in the loop
and keep on using them for years and years.
And that's why we're also having this conversation
because we're all excited
until for the mainnet launch of sub-query,
again, which is happening at 8 a.m. February 23rd.
That is also the time for their TGE and listing.
Again, if you want to win the rewards for this session,
we are distributing about five SQT NFTs,
which are about $20 at the moment.
You need to, first of all, retweet this AMA session, right?
And follow all of the projects here talking
and speaking into space, including sub-query.
Thank you guys so much for doing that.
And I think this next part is gonna be more interesting
to the investors right now listening
because we are finally going to talk about
the decentralized finance aspect and its future
and what's the outlooks gonna be like.
And so the first question that I have
for all the projects here is,
how are you driving decentralization with your product?
trying to build a liquidity layer of the Web3 DeFi.
This one actually is quite an interesting question
for Akala because we are all 100% for decentralization
and we are building products to promote decentralization,
but our focus is actually to build
institutional grade decentralized products,
which almost could seem odd
because usually institutions
like some form of centralization.
So at Akala, we actually believe in hybrid finance
where Akala would kind of prepare
all the decentralized aspects of it.
And then institutions could,
centralized institutions could use our services
and kind of almost reap the rewards
and kind of relay that to their customers
or package that differently for customers
Because we feel that not every person
is gonna want to have a seed phrase, manage wallets.
is to build institutional grade decentralized products.
for probably everybody here in the space,
you will also have access to these products
And our main product is right now
our liquid staking protocol,
so LDOTs where you could get state dot
and get LDOT as a liquid staking token.
And you can use that on multiple apps
that we have built on Akala and building on Akala.
we're really focusing on top tier
institutional grade decentralized products.
And that's also why we're happy to have a sub query
with us to help us with indexing
because they are also top notch
and institutional grade ready, so.
Okay, so it's very interesting, like you said.
And I just want to clarify a few more things
because as you mentioned,
you are targeting the two parties, right?
The institutional institutions
and also the crypto normal users
with your liquid staking product,
but most likely the institutions.
And so when you said institution,
you also said that there's some sort of
So how is Akala providing services to institutions
that are, how can I say it?
That are also promoting decentralization, you know what I mean?
Because let's say if you provide your product
to institutions and they will ask,
they will become a little bit centralized.
They will ask their users to do KYC
to set up accounts in them.
That's, according to a lot of people,
that wouldn't be the future of decentralization
that they would look for.
So how is Akala sort of like solving that
Yeah, no, that's a great question.
And I could give an example.
We've partnered with Credora
and they're a credit intelligence agency.
And what they've created is an SPV,
so a special purpose vehicle that uses L dots
and dots staking rewards,
but it is targeted to Bitcoin lenders.
So a user could, that may hold some Bitcoin
and want to earn some kind of yield,
can participate in this SPV,
where Credora partnered with another trading agency
will, yeah, convert some of the Bitcoin into L dot,
stake it, have the rewards,
and then use perpetuals to keep a delta neutral yield
or price action on Bitcoin.
So basically it's a Bitcoin lender.
So somebody that is in the crypto space,
but wants to earn a yield.
Now, if you're interested in knowing exactly how they do it,
or if you wanted to do it yourself,
then that's kind of the decentralized option.
If you don't want to go through parties like Credora
or others that we've partnered with, you can,
but if that's a little too much for you
then we also want to have the option
kind of for the everyday users.
So it's available in a decentralized fashion,
but we're also targeting institutions
that can package it in a compliant way.
So they handle the compliance,
they handle the regulation and all that,
which is kind of a growing topic right now in crypto.
But yes, so we really hope to cater to both the user
and the institutions that then after go after users
who don't want to do it themselves.
So it's pretty much a coexist, pretty much coexist.
There's not going to be a future
where it's 100% decentralized and it's 100% centralized.
Up until this point, we're seeing decentralization
sort of like take part in a little bit of aspects
of finance and we're seeing it evolve and step by step,
we're going to introduce it to retail investors,
even traditional retail investors.
And so that's a very interesting insight.
I'm going to come back to that as well.
I'll talk about what's your vision
for the future of decentralization would be,
but that's for future questions.
But thank you so much, Travis, for elaborating.
Okay, going to up to, so Louis,
how are you sort of like promoting decentralization
So I think most sub-core parts
of the partners are a team-based project
and we, let's say the app chain,
so formed marketing network,
had the strengths on programmability
or we could call it customizability and also performance.
So there will be many, many app chains,
each process transaction in a parallel way
and the chain can be fully customized
to fit the need of a special use case
or a special domain such as DeFi.
But the weakness are coming from security
and the interoperability.
we try to expand IBC protocol,
which is trustless interoperability protocol
between blockchain to substrate domain.
And so we take grants from Cosmos Ecosystem Foundation,
ICF, I think it's three and a half years ago.
And we finished substrate IBC about two years ago.
And now BC is about to be enabled on Polkadot mainnet.
each parachain can decide
to enable IBC capability on their chain.
And I think there is 50 parachains
and there are more than 60 Cosmos chains
have been connected closely by IBC.
So just imagine how many connection
and communication traffic can be built
between these two large group of app chains.
So this is what I'm exciting about.
And also they're invaded,
the contribution from Optus Network.
The design of Optubots is highly technical
because you're trying to solve their communication issues,
trying to with the parachains and as you mentioned,
there are a lot of parachains right now
being on Polkadot, but you're not only limited to those,
you're also trying to onboard other sub chains
As I'm reading right now on your live paper,
you're saying that there are a lot of issues
with the communication between let's say Ethereum
and other layer twos where it's like sort of in one way.
So do you wanna elaborate more on your design
so that it's more interconnected with each other
all of the sub chains and parachains?
If they were to use Optubots, yeah.
Yes, I think there is a different mission
on the upcoming topology of marketing world
from let's say Ethereum maximum list going on with real,
the marketing world will be like a trade,
the route will be either layer two
and either layer one and then layer two, layer three,
But I don't think it's gonna happen
since there's a lot of things
where we'll play their own economic source
and also have native assets.
And I think for most blockchain,
they would love their sovereignty,
that is they do not be controlled or ruled
or ruled by another chain.
So I think we believe in the vision from Cosmos
is called the internet blockchain
that there will be thousands if not millions of blockchain
but all connected with fully decentralized,
fully trusted, interoperability, stack
and all targeting a specific field
and to play a role in the marketing world.
So where is Optubots in that all of the plot chains
are going to be connected in a decentralized manner
and how is it going to promote decentralization in a way?
Is that also solving the liquidity issues
where liquidity is a bit fragmented across network
but now they can sort of like connect
with each other seamlessly?
So I think the decentralization level of blockchain
is acceptable, is good enough.
But that role is in the interoperability part.
when you transfer token into a specific blockchain
but why different tasks, it lost vulnerability
and then caused liquidity fragmentation.
So based on our experience on IBC,
Optus present a new omni-chain protocol,
omni-chain interoperability stack called Omenekey.
It's built on ICP platform, it's fully trusted
and it will work on first invisible hub
which means all the crossing traffic
will go through a hub built on ICP
but since user do not need to have a wallet on ICP,
do not need to pay debts on ICP, it's invisible.
And by leveraging this invisible hub,
we can keep a ledger on all the crossing traffic
and the cross-chain assets.
And so essentially all the connection
goes through the same path, let's say wider hub.
So the token will remain foundable on each target option.
This is our new protocol offering
and it just start but we think it will
improve the capability landscape in the future.
All right, it sounds really interesting
and as you said, it's a new technology.
So what we need right now is to see it in action.
So I'm looking forward to see more from Optus
and your plans to sort of like onboard more chains, right?
And then have them connected to each other
and once you have proven that the technology,
the new technology works and it works seamlessly
and better than any other,
then I think it really catches on
and it's only a matter of time.
So I'm very looking forward to see that.
Thank you so much, Optus for explaining.
We have several more questions for the guests.
So moving on to Christian from Bifrost
and do you wanna talk about
how you are promoting decentralization
with your liquid staking solutions?
Consider that liquid staking has rapidly grown
as an alternative to the locking up user's tokens
while contributing to the security
of proof of stake blockchain over the last few months.
Basically everything started if I need to go back in time,
started with the Shappella upgrade back in May, 2023.
I mean, liquid staking was already there
but the interest in users like especially in DeFi users
started right after that event
that was kind of like very significant in DeFi.
We as Bifrost witnessed dramatic growth of interest
in our assets over the last, I would say six to nine months.
Basically the idea is that classic staking
locks users liquidity to provide of course,
like security to the chain that you are part of
but zeroing the so-called capital efficiency
You are securing the chain,
your token stake to chain,
you're getting a yield to secure the chain to do this
but then like your liquidity is locked there.
Liquid staking, so the protocols that are offering
liquid staking gives like an alternative to that.
So you basically can secure the chain
but unlocking the liquidity that you can use freely in DeFi.
These basically increase the flexibility
and it allows investor to explore different scenarios.
These scenarios may be very different.
You can basically provide your token as collateral
on a landing or borrowing market.
You can farm it in several taxes.
You can of course like according to your risk aversion
you can explore several use cases and possibilities
but the fact is that you can do that.
So you are able to leverage off your tokens
while securing the chain.
And this is something that Bifrost has tried
to push quite heavily, not only on Polkadot.
So on the Polkadot ecosystem partnering
with several blockchains and parachains
actually active on Polkadot but also cross-chain.
So for example, we kind of announced
our cross-chain interoperability
and actually our voucher tokens
across several ecosystems such as Ethereum, Filecoin.
Now we are also looking at the Cosmos ecosystem.
So the idea is to have like this one single token
which is the VDOT or some other V tokens that we provide
that can be used cross-chain without coping
use the wrapped version of your token
is a standardized asset that you can use cross-chain
and this should make life very easy
or like actually easier for those users
who are interested in using like liquid staking
and leveraging off liquid staking interoperability.
Yeah, it sounds wonderful because liquid staking
was a big narrative a couple of months ago back in 2023.
And it is coming back now
with all of the re-staking narrative as well
for people to get air drops, things like that.
So you mentioned that the protocol has grown immensely
in the past six to nine months recently, right?
So as a project founder of a liquid staking solutions
like problems with the users that you see,
a lot of people have been giving you feedbacks.
It might be in terms of like it might be
because of complexity and all that.
What sort of problems do you see when users are trying
to stick or liquid stick with your service
and how is by far trying to solve that
in upcoming updates for example?
We had this, I would say that until November,
the whole liquid staking process was a bit longer.
It wasn't difficult, but it was long in terms of like
users have to do many click on the DAP
in order to stake their token because they,
especially like when they wanted to liquid stake token,
for example, using Moonbeam or Aster
that are like EVM based parachains
or EVM compatible parachains.
So you needed to do a lot of crossing,
cross out of your token in the Bifrost app
in order to get the liquid staking token.
So the Vaster, V-Glimmer, either like the V.
Stakeable on Moonbeam or Aster directly.
To solve this issue, Bifrost has implemented a new palette.
It's called SLPX that actually runs in background.
So users that are not even on Bifrost DAP,
they can be on DAP built on top of Moonbeam, Aster
or another EVM based parachain.
They can simply click the minting button
in order to get their voucher token.
And they don't need to go through the whole D,
I would call it the asshole of doing a lot of crossing
Like there is this smart contract
that runs in the background, it communicates
and this is thanks to the XCM, of course,
features of native of Polkadot.
It communicate with Bifrost, the request of users
on a different chain, it mints the token
and it send it back to the user address
without doing like anything else.
so if you are using a substrate wallet, it's very easy.
You go to the Bifrost DAP and you mint VDOT
or whatever V assets you need.
We have several V assets at the moment as nine.
Next month we will announce the 10th one
that I cannot say what it is.
And if you are like on an EVM based protocol
or DAP or like a parachain that is supporting EVM
and you want to use it, this V asset,
this V token on that parachain,
as I mentioned, you don't need to drop your VDOT
from Bifrost, you mint it directly from the parachain
and there is like a whole smart contract
that works for you lowering the barrier,
the threshold to access these assets.
That end of the day is something that,
let's say helping out users
and facilitating their approach to the DAP, to the token.
We also hope that it kind of increased the liquidity
within the Polkadot ecosystem and cross-chain.
So I'm also in talk with several projects
that have similar problems to you.
And I mentioned it before when I started stream,
I'm sorry, not the stream, but the dialogue,
when I said that the complexity of liquid staking
is something that keeps people from doing it
because they don't understand
why my token became this token
and why do I have to do all of these steps?
But several protocols that I've talked with,
they're also doing the same thing with you,
maybe not exact same thing
because you're also on Polkadot and supporting EVM,
but they're also trying to sort of like
just shorten the amount of clicks that people need to do
to perform in order to have a successful liquid staking.
So I think that's very interesting
that we see that with the recent update with XCM
with Bifrost, yeah, very nice.
No, no, just wanted to add a small sentence to that.
That's like when I usually go around,
like for example, in conferences, events,
the thing I struggle the most is like convincing users
to like maybe newcomers to understand
that liquid staking protocol in DeFi,
especially like Bifrost, do not have like their own pool,
I don't know, some centralized exchange.
So you give them your token, your dot,
and you receive these voucher tokens, these VDOTs
because we own your token.
Those token are like decentralized in a,
I mean, they are like decentralized,
they are staked on chain via Bifrost to validators
that are on chain, so Bifrost are on nothing.
It just like, you know, let's say deployed develop issue,
this V token to allow users to use it on chain,
like in DeFi while securing the chain,
but nothing is unlike on Bifrost.
So these lower source of the protocol risk,
that some central exchanges,
unfortunately we saw in the past had it.
Yeah, you know what's funny,
because you hit the nail on that one,
because when people ask me like,
hey, what is liquid staking?
I always said like, you know what,
just imagine when you put your money in a bank
and you know that the bank will then take your money
and land it to someone else and they take the profit,
but now it's just you are the bank.
When you put money in a liquid staking protocol,
you can then take that money to other protocols
and then stick it in to earn more money with that.
So that's basically what liquid staking is all looking like.
There is a little bit of difference to it
because your token is not gonna be the same token
but basically that's the gist of it.
And people would always look at people like,
you know what, I don't think that that's gonna work
because where's the liquidity coming from?
Like, is it real yield or something like that?
And I think that question is very interesting too.
So do you wanna elaborate in terms of bifrost liquid staking
and where the yield comes from?
Well, basically the yield of liquid staking
is a portion of the, of course,
like staking yield that you get
if you stake directly on chain.
Of course, bifrost take a small percentage,
but also increase these APY
providing several use cases also in AP.
So for example, with bifrost,
you get the staking from the, sorry,
the yield from the staking,
but you can also get the yield from the farming.
There are several farming pools
that are live on bifrost.
In particular, something that I also used to mention
when people come and ask question
about bifrost liquid staking is that liquid staking,
let's say mechanism of bifrost
relies on so-called yield bearing asset.
So if you right now go on bifrost
and you start to mint B token, B dot,
you won't get an exact rate one-to-one
because it's not based as a rebase token.
You get like a slightly lower percentage of B dot
that keep increase in value
and not in quantity over time.
This is something that I usually explain better
with a dump in front of me
and a laptop connected to a screen.
But the fact is that you can really use that asset.
You don't need to like rely on the protocol
on issuing constantly token to match your staking
is the asset itself that you receive,
B dot, VKSM, whatever it is,
that increase in value over time,
of course, compared to the native token,
And that's why you can easily use it cross chain.
I do believe this is, of course, nothing that we invented,
but it's something that we are rely on
to offer these opportunities also, like, for example,
to join taxes, farming pools, cross chain.
It's important that the asset is that one
and the quantity of B dot around
is not increased by Bifrost from a contract,
but is also increased by the amount of dots
that are actually liquid staked on Bifrost.
Yeah, absolutely, I agree.
Okay, next week at Eclipse, Simon,
do you wanna talk about, you know,
how you are promoting decentralization with your product?
And afterwards, I'd like to jump off.
But yeah, so to give a bit of context,
like I guess in the beginning,
we mentioned how we were looking to kind of be a go-to place
I guess there's been a bit of a disconnect,
I guess, in size between something like a Binance Launchpad
or a CoinList versus a, you know,
even your top IDO Launchpads are a fair,
I guess a fair kind of way to attach from, you know,
the premium and the size that a CoinList or Binance
And there's a couple of things that we, you know,
we're obviously big promoters of decentralization,
but we think there's a couple of things
that really need to kind of come in to improve that.
Launchpads are typically a very retail-focused product.
And when the bull market kicks in,
it's still quite difficult for users
to get into MetaMask and navigate multiple chains
if they're not used to DeFi.
it's a big decentralization and going more down
like Dowerood as a Launchpad is a very important thing.
For us, not fully permissionless, if you like,
like a pink cell or field foundry,
but ensuring that, you know,
we have governance of the protocol in the community
is something we're looking to bring out.
value goes back to the holders and the community.
But for, as for using like a,
we believe that decentralization of Launchpads
really important because it enables to have more openness
and trust, especially when you're dealing
with token launches, because it's so much like
insider stuff that can happen.
There's so much like shady things that can happen
behind the scenes around like the actual sale
or whitelists or all this sort of stuff.
So we believe it's really important for that to be on chain.
But then how do you get to the size of coin lists
And that's where, you know,
the first phase that I mentioned earlier
was utilizing hyperlane deployment
so that the participation in launches
becomes a lot easier from cross chain
and that's an easier experience.
And the second, you know, I guess the second evolution,
I think the thing that will really make a big difference
in the bull market is account abstraction.
So bringing in smart accounts where users can,
we're working with a partner right now
that have just kind of released a demo
where you can literally set up wallets
from your fingerprint on a Mac or an Apple computer,
you know, like on an iPhone, I mean,
like ways that you can kind of set up smart accounts
and can participate in dApps and launches
very seamlessly without having to, you know,
be a very active DeFi user.
So I think for us, it's gonna be really key
to really bring like decentralization
and like on chain stuff of token launches,
but also working on the UX and the experience
of how this works so that users can feel like
they're using a centralized or web2 application.
I'm also a very big fan of account abstraction technology too.
So you're using the zero knowledge technology
in order to do that as you said,
that you're working with a close partner.
And I think that's a very important thing
if we want to onboard more people in because again,
not a lot of people would want to set up their own wallet
and to save their own seed phrases.
They are very familiar with web2 experience
where we need face ID or fingerprint to set up accounts.
And I think that's gonna be the next big thing.
And there's something in your launchpad
that I also want to let's say address
is that when we want to participate in your launchpad,
we also need to sort of a complete KYC
again through your partner.
So what do you think about let's say KYC
in a decentralized and a trustless future
because when you talk about KYC,
a lot of people would argue
that that's not really decentralization.
So what do you think about that?
And how do you protect the investor's privacy
when they joined your launchpad?
Yeah, so that's actually a different partner
from the one I'm talking about account extraction.
So we're working with ZKme.
We're one of the first partners for ZKme,
which is a ZK KYC protocol
that enabled for full anonymous KYC using ZK Prose.
And so we implemented for our own launch
of our own token back in December.
We actually were one of the first to test the solution
I think it was something like 7,000 KYCs came through
in very short space of time.
We actually ended up breaking it.
We've since been working together to help to,
we actually broke two KYC solutions.
but we went through that.
We had a large number of users
that would have never normally KYC'd come on
because it's something they should know,
which is quite sketch is,
but we've worked with other KYC providers
and you can actually log into the dashboard
and you can see everybody's passports that KYC.
Like it's such a terrible like system
and the way a lot of these KYC providers work
that you KYC on one of these exchanges,
you KYC through some of these like more traditional solutions.
Like the person that you KYC through,
like all that data is then stored
and goes through that provider.
So having ZK proof and ZK tech
to ensure that the passports
and things are never going to a third party
is definitely the step in the right direction.
And we've implemented that on the launchpad
without having to provide their passport
So ZKM would send you a proof
like this person has successfully KYC'd on our platform.
And then you just believe that
and you will have all the passports
and faces whatever of the clients, correct?
because that would ensure that you'd KYC
through a third party provider.
So the way that ZKM works
and I'm not super familiar
in some of the intricate pieces of the tech,
but essentially users have an app
and they actually KYC through that app.
And then it generates the ZK proof
based on like verification proof on that.
the passport is never changing hands
or going to a third party.
It never goes into a database.
It's all done through the phone
and the MPC on the phone.
So if there's any kind of like law cases
that can still be recovered through the phone
but it's not being stored in a database.
Yeah, I think that's the way to go
with how things go right now in the world
where they are trying to adopt the technology,
they're not gonna be anonymous users
to be buying all of these launch pads.
And so that's sort of a neat way
to also follow regulations and not at the same time.
Thank you so much for explaining, Simon.
I'm gonna jump off by the way.
Thanks for having us on this space.
Thank you so much, Simon, for being here.
Good luck with everything
and congratulations on the successful launch.
Yeah, and we have next is going to be Alberto
So again, so how is Moonbeam promoting decentralization
with its product and also Paper Moon?
How are you guys helping with educating more people
about decentralized finance?
Yeah, and it's a great topic, right?
And I think one thing that I think it's important
to mention is that just because you're gonna have a TGE
and things like that doesn't mean
that you're fully decentralized.
It's like decentralization is not a binary process.
Oh, now you're decentralized.
It's a process that takes time.
And the TGE, it's like part of that process, right?
And so people need to understand that.
There's different levels of decentralization as well.
You were saying that some people really don't like,
for example, custodial like wallets, right?
Like they get stressed about that.
And so maybe there is some like in the middle
like solution that is not fully custodial,
but it's a bit sort of like custodial.
So like decentralization is always,
it has different flavors, right?
So I think I mentioned the story
of how paper came to be, right?
Once again, we're like core contributors to Moonbeam.
And the idea was that, you know,
usually in web3 companies, you have like a foundation
and then you have a labs.
The labs takes care of everything around development
and then the foundation is the foundation itself, right?
And so we kind of like thought that, you know,
it was better from a decentralization perspective
to instead have one single company
that will be completely focused on the lab side,
on the development side, you don't have a set of companies
in which each is basically focusing
in one area of work, right?
So we have, for example, Distractive doing marketing.
They offer a little bit of PD as well.
You have Papermoon doing DevRel as a service
for Moonbeam and other projects.
You have Obslayer, which is doing infrastructure
And then you have Moonsong Labs,
which is like the core protocol like development.
They do that kind of thing.
this is not a fully decentralized approach
because it's not like you have individual people
that are getting sort of, you know,
funded to like work on the protocol,
but it's a level of decentralization
that it's at least better than a central entity
controlling the development, right?
Because if for whatever reason,
one of these like sub-entities falls under
or whatever problem it has, you know,
it's easier to pick up that slate
and not like the entire like thing.
And so that's how, for example, Moonbeam as a,
I would say as a development entity, you know,
it started decentralizing a bit more.
We still have a long way to go to be a fully
decentralized protocol, but you know,
we do have a lot of the ethos of decentralization,
like, you know, the Akkala folks mentioned
and the Firefox folks mentioned, right?
So for example, like Moonbeam has a complete set
of an on-chain governance system,
which is extremely helpful because it, you know,
this is the one real on-chain mechanism
for governance that I've seen implemented
in basically any ecosystem, right?
I mean, we all know what happened in arbitrary days
where like, you know, they'd had a snapshot vote.
People said, you know, apples, and then they're like,
oh no, yeah, we'll do oranges.
And that's not truly like, you can't say
that's the centralization, right?
That's just basically trying to mimic
the centralized structures.
So Moonbeam does have that, you know,
on-chain governance system.
It is true that, for example,
there's like a technical committee
and an open-golf committee and things like that.
That's what I mean when you have like flavors
It's not a fully autonomous,
decentralized and theory network,
but it is really decentralized in the sense
that community has the last vote
because the community decides who's part of that committee,
who, you know, the community decides
if a runtime upgrade will be applied,
or if an XCM asset, like, you know, for example,
Bifrost has a lot of assets listed on Moonbeam,
you know, the community decides
whether they want to have those assets or not, right?
It's not me, it's not, you know, the foundation.
It's a combination of people that are part
and they participate in the Moonbeam as a community
that decide whether something happens or not.
And yeah, like, I think that pretty much
sets the core thing, right?
And I think another really interesting thing
about how Moonbeam works is that Moonbeam also has
an on-chain treasury mechanism
in which, you know, projects can ask for funding.
And this is once again decided by a committee,
which is decided by governance.
And so, you know, like, you know, if you have a project,
you can say, hey, I need funding
because I haven't been providing the service.
And this will really help towards becoming
a fully decentralized project in the future
because the idea is that the blockchain itself,
Moonbeam as a blockchain can be self-sustained, right?
I think one of the things that a lot of protocols are,
and you know, I don't mean this in the Polkadot ecosystem,
I think Polkadot, it smiles ahead
in terms of decentralization.
I think a lot of protocols out there
are not really looking into how the blockchain,
their blockchain can become self-sufficient, right?
And this is a problem because it will rely on a foundation.
It will rely on grants program being provided to like,
you know, infrastructure providers or, you know,
other services as well, right?
And so, Moonbeam has everything in places
to become self-sufficient in the near future.
And that's truly what a fully decentralized network needs.
So yeah, I don't know if that answers the question.
No, no, that answers the question even more.
So when you talk about, you know,
Moonbeam has everything to become, you know,
self-sustainable in the future.
How long, okay, do you have like a protection
of how long we would be that in action?
Yeah, I mean, that's a question
to the Moonbeam Foundation, to be honest, right?
I mean, we're looking at the different sort of like schemes.
I think it was already announced that, you know,
like Gauntlet is working with Moonbeam
to sort of like, you know, look into the tokenomics
to understand how this can become like
a fully autonomous network in the future
And so it is really hard to answer, right?
I mean, you have like cryptos.
I don't think in crypto you can plan for three years.
Like you plan for really short terms
because this is a space that moves so quickly
that, you know, you can say,
oh, if I say something right now, you know,
the next week might be different, right?
So, but you know, it's on the radar.
You always have a set milestone of like five years,
three years, but like I said,
it's always really dependent on like
and how crypto evolves as an ecosystem.
Anyway, Alberto for all of that.
And okay, so we got also aerospace coming up.
And so do you want to talk about, you know,
how your product is promoting decentralization
with the decentralized stable coin?
So Redis, can you hear me?
Oh, I thought you said I was space.
Foundation is not on point today.
Aerospace is that, is that?
Actually, decentralization is very important
We see the future in this direction.
In our opinion, projects that emphasize decentralization
in the web tree moment will be more successful.
How do we, as our scraper contribute to decentralization?
First of all, I have to say,
does our scraper belong to anyone?
Actually, the answer is no.
Our contract cannot be changed.
The our scraper team cannot hold any amount of AUSD
because the first of all,
the only way to get AUSD is to mint AUSD
Only a contract, the minting contract can create AUSD.
At this point, we can say that our scraper belongs
to belongs only to the people who use our scraper.
Actually, the other thing I thought to support decentralization
as our scraper team, the UI part of the our scraper.
When designing our scraper's UI,
we made sure that it was easy to use.
The number of buttons is as few as possible.
The actions the user will take are specific and clear.
And in this way, we made it easy for new users
to try our scraper and understand its purpose
The more people there are,
the more decentralization there is, in our opinion.
So yeah, I guess Arrow scraper also has the same
sort of thinking process compared to other lending
and borrowing and liquid-staking protocols
or DeFi protocols in general,
where you're trying to make the process easier for the people.
And so my follow-up questions would be,
so when it comes to the decentralization of finance,
we see a lot of other networks that are getting a lot
of interest from the community.
And according to you, more people means
So the ultimate goal of Arrow scraper would be
to onboard as many users as possible, right?
So what makes you build on the two new layer ones
Because compared to the, they might not have as many users.
So what's the thinking process?
Yeah, actually, comment size of those chains
are really key points for developing on them.
We, as I said, try to reach more people
to support decentralization.
In order to do that, we try to get in contact with
and deploy on many chain as we can.
So we are going to that direction, yeah.
Okay, okay, so they are attracting a lot of users.
And I got this from a team as well as a confirmation
They said that they are also supporting Xeon.
It was from a post that they did on October,
so I think I'm going to address that in absolute,
though they do support Xeon, my bad.
I'm just trying to find the post that they did on.
I think you're still in the space.
So can I ask you to pin the post where, you know,
subgroup said that you are supporting Xeon
and as well, if you want,
you can also pin other posts up here on the space as well.
Thank you so much, thank you.
All right, our last project called
Folks of Finance from Beyond D.
So, you know, you are also a landing and borrowing protocol,
but you're also doing so many more,
like managing of all digital assets.
Do you think that all the products that you have provided
are suitable to encourage people
to go decentralized in the future?
So I think that centralized software
have been highly unreliable in the last year,
especially in crypto related.
we foresee that in future, in general,
FinTech is going to be on smart contract, right?
So we see the fire now is for us
the current state of that
because we used to trade on blockchain on smart contract.
We used to trade crypto assets, right?
So this doesn't mean that in future,
we won't be able to have other type of assets
that are going to be tokenized.
And so I believe that the world has to go towards
different type of software for FinTech
that are based on those smart contracts.
And that's where we target.
And of course, meanwhile, we use it for crypto
because it is also the way to demonstrate the reliability,
I really love the interoperability of smart contracts.
And we are as an industry demonstrating that
those softwares, decentralized works,
and they have their advantages.
And we are closing the gaps between
decentralized software and centralized software
much faster than we would even imagine
if we think about how new is DeFi
compared to the standard FinTech.
And if we think on how fast the environment is growing,
how better are DeFi apps compared to two years ago,
there is no way that we are going away of that.
So I don't know how this is gonna happen,
but I think in future when we will use apps
like Revolut, there will be smart contract on the back.
And that's what we wanna do in a sense
because we saw limits on the current DeFi apps
that, for example, what I mentioned before
is the verticalization of one tools,
let's say you go and swap on Uniswap.
And if you want to take a low and you go and have it,
and if you want to leave it safe and you go and lie down.
So we thought this is not going to bring the master option.
Like we need to simplify all of those
in one global app where you can do everything.
So yeah, that is our vision.
Like if we keep building easier software to use,
the decentralization part is gonna be just a value add
and the end user doesn't really need to know
about what's happening on the back
you just need to have an easy app to use.
Okay, bring up a very interesting point.
Yes, yes, as a user, I agree that honestly,
okay, so I might be against a lot of people here,
but honestly, I'm fine with centralization.
I'm fine with using banks.
Again, that might receive a lot of hate for this space,
but it's a fine system, right?
I don't care what you're doing in the background.
Just get things done just as fast as you can.
So the faster the protocols, the faster the process,
I don't wanna care about all of the rigorous process
of having to take care about this and that.
So I think you're right in terms of that.
But the thing is when right now people are also,
well, how did I say this?
They are familiar, let's say with Uniswap in one inch.
So if they've been using Uniswap,
they are most likely going to continue using Uniswap
It's very hard to convert them
into using a different protocols with, right?
That's why a lot of centralized exchanges they take,
they spend a lot of money trying to onboard more traders
So I would say, what is folks finance ultimate plan
Have you thought about your ultimate plans
to try and onboard more users using folks finance?
We keep thinking about that, honestly.
And by the way, I'll tell you one interesting data.
So Uniswap users are 5 million
and it's probably the widest users to divide up.
Indeed, Binance has 160 million.
So we are talking about huge gap
of difference of audience, right?
So we are far away of targeting
what is the centralized softwares,
because the mass don't care about
what you are doing on the back,
don't care about the decentralization.
Decentralization has to be a value odds
in a software that in an app,
that is as easy of use as it is a centralized software.
So that's the time where we will be able to complete
where the best part is a value odds,
but not a minus because as today,
the friction that brings is a minus
and we cannot be against it.
Anyway, in ourselves, what we do is first of all,
again, the idea of having everything under one stop shop,
it helps, we saw our users growing
and our volume growing together
with the adding more feature in that.
Second, we try to make this as close as possible
to centralize the exchange in terms of user experience.
Not that all the centralized exchange are good,
but we try to take what is the good part of sex
and bring it in the fight.
We also are focused on the LWA.
In December, we were the first learning protocol
listing gold and silver in defi as a collateral.
And honestly, users loved it.
I had feedbacks like, I've been trading gold
for all my life and I was never able to use
my commodities as a collateral
and I can do this on folks without any permission.
Yeah, and those are the things that can actually,
what I said before, allow defi to be,
the decentralized parts to be a value add and not a limit.
So in our vision, there is, let's bring up to a level
that is as much as easy, as much as possible easy to use,
improve the liquidity model.
That's why we are approaching the cross chain part.
So we are now scaling all of those services
that we have in a cross chain narrative.
And at the same time, we focus a lot in having RWA
listed on the protocol, because we believe that
those is going to attract also other type of users'
interest, not only crypto related.
And one more part, which is as much as important,
So we have the Folks Academy, which is a tool
where if you are a newbie, you can learn about
how to set up a wallet, how to use defi,
what are the advantages of defi.
In the end of the day, I always say that I believe
that we need to arrive after it's so good
that we don't need the education, but today is needed.
Let's be honest, today is needed that every builder
in the sky has to do its own parts to onboard the new users.
So yeah, that's what we do for that.
Fantastic, okay, so another approach that the team
from Folks Finance is taking is you are onboarding
real world asset, this I also strongly agree
because again, we're seeing Bitcoin ETF getting approved.
There's going to be an influx of institutional
or traditional investors coming into this phase.
And what are the better ways than introducing them
to the assets that they already are familiar with
in the traditional finance, right?
If you were to introduce them to like BNB, Ethereum,
for example, some might know, but a lot of them
wouldn't know what those assets are
and they're not going to invest in the process,
I'm sorry, assets that they are not familiar with.
So introducing gold real world asset into your Proko
is a very strong point that I think is going to interest
So that's really strong, I like it.
Thank you so much, Biondi.
All right, thank you so much guys.
I think we won't be able to answer questions
We're trying to keep this conversation
So I have here one last question for all of the projects.
And again, I think this is going to be very interesting
for you as an investor, as a DeFi enthusiast into space.
And the question is going to be about your most exciting
DeFi application for the next bull run,
which is hopefully happening somewhere around 2025, 2026.
So let's start with Akala.
Travis, what is your most exciting DeFi application, sir?
Is it lending, is it borrowing, is it real asset
For me, I think especially going with the narrative,
the strong narrative right now,
it is more leaning on the liquid staking.
And I wish I could share more of what Akala
but that would be a little too much alpha to share today
since it's really, really early alpha.
But with a lot of the points that were mentioned today
in the space by folks finance and by Frosted,
and then the current narratives right now
with liquid staking and even with eigenlayer
and the restaking, it's really to be able to,
and then on top of that even more,
like I mentioned earlier,
how we're trying to battle fragmented liquidity
and siloed liquidity, we do plan to have almost,
I guess, virtualization of liquid staking.
So almost like a Google cloud of liquid staking,
where you could liquid stake,
any proof of stake tokens in one place with one click.
So that can help the users that are interested
in those that kind of have a little autonomy
with their crypto assets that they can choose
to partake in any type of liquid staking
from any proof of stake network.
so you don't have to maneuver through a whole bunch
of wallets or maneuver through a whole bunch of networks.
So we're pushing more towards the liquid staking narrative
and I'm also super bullish on it.
And I think just even speaking with the Akala team,
it's always been in the back of mind
that liquid staking will be the new layer,
will be the new foundation of tokens
instead of the native tokens
that we still use a lot today.
So from Akala's point of view,
from my personal point of view,
it's the liquid staking direction.
That's actually a very interesting idea,
a Google cloud of liquid staking.
All of the liquid staking pools are in one place
so people can just choose what they want.
So it's sort of like an aggregator, I guess,
for liquid staking tokens.
I see where Akala is building next,
even though you didn't say it.
Thank you so much, Travis.
All right, moving on to October's.
We see a lot of innovation in this field,
especially actually enabled all the book tags
such as DYDX and the injective headaches, right?
Getting a lot of attention
and the transaction volume is not so shabby
when compared with the best centralized exchange.
And since Octopus is an infrastructure project,
we are thinking about how we can make this type
of innovation much easier.
The bottleneck would still be interoperability
And among others, we are working on either of my VC.
So once it enabled all the substrate chain
or costless chain, can be trustlessly interoperate
can be interoperate with Ethereum.
So a lot of assets could be flowing.
And from the security perspective,
we're about to start with a question.
Oh, Louis, I think you're cut off.
I guess we'll come back to Louis in a little bit.
It's just a little bit of a technical issues.
We have that time and time on space.
So, what is your most important application, sir?
Well, I think that we all have the same issue.
Yeah, maybe Louis is back.
Go ahead and go back, Christian.
So, OXC is about to announce our partnership with Agonair.
So, the joint effort will be make the easy restaking security available to App Chain.
So, suddenly, App Chain project can have a shared security in terms of tens of billions.
And, you know, restaking make the capital cost of staking fully diluted.
So, the shared security based on restaking will be very affordable.
So, App Chain can leverage this type of new type of shared security,
which is a significant security level that's good enough to ensure the security
that a Tier 1 DeFi App Chain needs is corresponding to the security level
that's needed by, let's say, Megalow or Uniswap.
So, I think it will be a boost to DeFi App Chain landscape in very near term of time.
I think I didn't say it. I didn't hear it wrong.
You said that you're going to have a partnership with Agonair coming up.
Wow, dude, I don't know what to say, but congratulations on that.
I can't wait to hear the official announcement from Optimus. That is crazy.
That's going to attract a lot of attention, for sure. Again, congratulations, man.
I'm sorry, Christian, for cutting you off, but do you want to talk about going back to the question?
No, no, absolutely. Never be sorry for this kind of stuff.
Well, I think that we all have the same problem, that we cannot share too much alpha.
But I would say that, absolutely, we discussed it before.
There are several narratives that are growing up around staking in general.
And I think with staking in particular, such as, for example, restaking,
the whole leverage staking narrative that is kind of being discussed recently in DeFi.
And Bifrost is, of course, following these trends very closely.
He's working in the background to provide a native solution on Bifrost
to kind of deep dive into these narratives.
In particular, of course, we work, the tech team works with the goal in mind always
to provide, as I mentioned before, sort of like omni-chain asset.
So standardized asset that can be used cross-chain, increasing cross-chain interoperability.
We are trying to avoid the very common issue in liquid staking protocol
that is like the serial liquidity.
The fact that users, yes, liquid stake their token,
meant, in our case, VDOT or, for example, VManta or whatever.
And they just do not have anything to do with those tokens.
They cannot use its cross-chain. There are no use cases for them.
So it's useless to unlock your liquidity just to have it seated in the Bifrost app.
So our effort is to always partner, open up call-ups with protocols,
both in the Polkadot ecosystem, of course, mainly in the Polkadot ecosystem,
but also cross-chain in order to increase the interoperability of our token
and have this V asset as a one-stop token.
You basically just mint VDOT instead of holding your dot.
You get your staking API, and then you have an ocean of possibilities
and scenarios where you can use it and use it, as you mentioned also before,
as a sort of like new native token, like something that can replace the operability of DOT.
Okay, so it's sort of like a cross-chain or multi-chain liquid staking token solution.
Okay, very nice. Thank you.
Okay, so let's move on to folks' finance because you got to leave in a few minutes.
So, Biondi, what do you think is the next big DeFi narrative or application
for the bull run, obviously?
I believe that cross-chain is going to play a pivotal role into that.
Of course, I'm very bullish at what we are doing with the fall for the cross-chain expansion,
but in general, I believe that the cross-chain narrative can bring better liquidity.
A very quick example could be, for example, we use DeFi for the swaps
and being an aggregator of aggregator on these networks,
when swapping, you are basically having a much efficient liquidity.
Let's say the swap is going to be much cheaper,
compared to one isolated chain aggregator,
and as well, not only the liquidity, but also the user experience.
Because if we think about the multi-chain apps right now in DeFi,
even if you imagine, if I have a human that wants to move this law and not have a law,
I'll repay my law and breach the assets and reopen my law.
And again, in another side, which is very friction, and then it's not easy at all.
Indeed, with the messaging layer and the cross-chain technology,
you can build such type of interoperability in a very similar way.
Basically, what I believe that the apps that are going to be able to abstract as much as possible,
the technologies, the gas fees, the network selection,
are going to have much more power in terms of user acquisition
and mass adoption in the next bull run.
And cross-chain technologies are a must towards that.
So I am bullish on everything that is building towards this.
I see. I see. Very interesting. Very interesting.
I have to leave. Thank you very much for having me.
Yes, sir. Thank you so much for joining today's session, folks' finance.
Biondi, I know you're very busy, so take care, man. Have a great day.
You've been providing a lot of insightful stuff.
All right. So about, let's say, going to Eclipse 5, Simon.
Oh, wait. No, no. Simon also has to leave.
Alberto from Moonbeam, what is your most favorite different applications
I mean, movement is all about cross-connectivity, right?
Like applications are what we call smart contracts,
which is like end users don't really have to understand
that they're in one chain and they're moving to another,
or the move is done seamlessly without them having to sort of do hops.
So one project that I'm really excited about is called Prime Protocol.
They are like doing cross-chain lending and borrowing,
but it's really all about cross-chain, the cross-chain experience, right?
So you could have, for example, your collateral in Avalanche
and you can borrow, you know, Dye or whatever in another chain, right?
Without having to move that collateral, find the lending and borrowing protocol
and that specific chain, and then execute there, right?
So I'm really bullish in the idea of cross-chain interactions
that are seamless and are sort of like the user doesn't have that perception
that it has to do hops and things like that.
So that, for me, is like what I'm really excited most about in DeFi, right?
And like I mentioned Prime Protocol because they have a hub and spoke model
for smart contracts and their hub is in Moonbeam, right?
So everything is sort of processed and accounted for in Moonbeam,
but then users only have to know that they're using Moonbeam in the back end,
which is, for me, how we interact on a daily basis with web two apps, right?
But web three apps are not there yet, right?
So I'll say that's my answer.
Yeah, okay. All right. That's good. Alberto, I see you have one foot in the door
with Prime Protocol right now, shielding your backs.
I'm fine with that. I'm going to look into Prime Protocol now that you said it.
Thank you so much. Again, none of the things that we discussed here can be taken
as financial advice, folks, which is...
Okay, so going to AeroScraper.
So, Saredis, what is your DeFi narratives that you're most bullish about?
Okay. We said that decentralization and reaching as many people as possible
are the points we attach most importance to as AeroScraper team.
The technologies that will support these are the points that excites me most.
Actually, I will say account abstraction very excites me
because it makes easy to people joined to web three environments.
This is one of the reasons why we exist, we deployed on the Zion network.
Actually, the large number of users included in our server in Zion
is also a good proof of how important account abstraction technology is
I'm also very bullish on account abstraction as well.
It's very great to see a lot like in this technology.
Thank you so much, Saredis.
Thank you so much, guys, for joining today's session with SubQuery,
the Countdown to SubQuery Midnet Launch.
It has been a wonderful, wonderful session on our esteemed guests here
And at this time, I think I will hand it over to Sikhi
to sort of close this thing out.
Yeah, we have since today, very professional host, awesome work.
Yeah, I'm Sikhi. I'm the community manager of SubQuery.
And first of all, I want to thank everyone for coming out,
both our community and our partner guests.
SubQuery will be successful today without useful.
And for the community, I know you are all waiting for the daily code.
Let me share this right away.
The code word is ready-set-launch.
Let me repeat, ready-set-launch.
And you can get 200 XP back into this code on our daily page.
If you are not familiar with our daily yet, trust me,
You will get a lot of reward and also get a lot of fan.
And for the five retread winners from our giveaway
event today, you will each get the $20 worth of SQD in FT.
We have already choose the winner.
And I will reply with uxcont in the Twitter of this space.
So you can check it out later.
And I also want to remind all our listening, again,
that tomorrow at 8 a.m. UTC, we will have a TGE listing
midnight launch at the same time.
Please join our telegram and the Discord community.
You can join it now and to get more information
and to get preparation to participate in our mainnet.
I will be there waiting for you.
And thanks again, everyone.
We're always looking forward to building the community
with our community members and building the future
and always looking forward to building the distance
future with our partners.
And I guess I will see you all at more event in the future.
And I will be sharing the code in the BSE Daily Telegram
as well if you are interested.
It's at BSE underscore daily.
All right. It has been really fun.
Subkaree, thank you so much to the partner projects
for announcing, for hosting this event.
And congratulations on everything, guys.