Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Cryptoβs Biggest Bullrun Ever - How @SUPRA_Labs Will Win π
Recorded: Aug. 14, 2025 Duration: 0:54:03Space Recording
Short Summary
In a recent discussion, Supra's founders highlighted the potential for the biggest cryptocurrency bull run, driven by regulatory clarity and mainstream adoption. They announced the launch of innovative projects like Supra, which integrates oracles and automation, and shared insights on fundraising efforts and community engagement strategies.
Full Transcription
Thank you. welcome welcome everybody austin of altcoin daily is this the biggest cryptocurrency cryptocurrency
bull run ever let's be real about it let's talk about it and how Supra will win.
Proud to be a Supra ambassador. We have the founders here to join us. What's new with Supra
and just what's new in the market. We will be taking questions from the audience at the very
end, and we'll only be pulling up people that have actively shared this space. So if you want to come up at the end, ask a question, feel free.
But make sure you share.
I'm excited.
This is going to be a great conversation.
Josh, John, how are you guys doing?
Hey, Austin.
Good, good, good, good.
Yeah, I mean, this is a great time, in my opinion, to be in this industry.
Never had so many tailwinds,
especially with regulatory clarity,
Stablecoin Act, Genius Act,
and, you know, like a lot of folks starting to get into the game from,
I think I heard Strike,
I think Circle's having a layer on blockchain
for stablecoins.
And I think this is the beginning of us
of going mainstream as an industry.
So it's exciting.
I totally agree.
It feels like so much stuff has happened in such a short time.
It's hard to process exactly what that means years down the line.
Some of this regulation, Freddie and Fannie, 401ks, a lot of this stuff.
John, how are you doing, man man doing great uh how's it going that
josh and i are currently in asia i'm in taiwan josh in hong kong we're getting ready for korea
blockchain week so if you're going to be around love to see you there or in token but no doing
great i love it i know a lot of my audience knows Josh already. We had him on the channel about eight months ago.
Just before we get into the discussion, would you guys go over how you found cryptocurrency and why you're in this space?
Sure. John, do you want to go first?
Yeah, sure. So in, let's see, in 20, so after graduating from Berkeley, I moved to Taiwan, my wife's Taiwanese, and I've been here for the last 15 years.
And one difference I noticed pretty quickly here is if I was going to stay here, I wanted to bring the same kind of entrepreneurial spirit as the Bay Area.
And so I created something called Taiwan Entrepreneur Club in 2015.
It was basically doing meetup groups.
And and we had like biweekly or like bi monthly meetups.
And I think it's funny because at the time I was really looking for what was the next wave of hype and technology.
And I was kind of into VR and augmented reality at the time, thinking, OK, there's Google Glass came out.
Probably the next thing is going to be something to do with augmented reality.
You know, that actually hasn't come to fruition even in the last 15 years.
But quickly, I saw actually the early some of the early kind of ICO participants of Ethereum started attending a lot of our entrepreneur meetings.
And in 2016, actually the founder of blockchain at Berkeley was in Taiwan.
This is before he founded it.
And he kind of introduced me to Ethereum.
He's like, John, you have to check it out.
This is after the kind of Ethereum ICO.
Everything started really to rise and started to rise in the Ethereum ecosystem.
So you have to really look into smart contracts. I did. I dove into it and I felt the wave of
2016 going into 2017. Of course, the ICO boom and everything. Everything went up. So I thought I was
really smart. But actually, everyone at the time, everything did well.
And it was a really exciting time in 2017.
And so I pivoted, early 2017, I pivoted Taiwan Entrepreneur Club to do crypto-focused events.
And so Taiwan Entrepreneur Club really became like a crypto hub for and and for this part part of Asia and I you know I was thinking at the time well I'd love to like I'd love to transition this from just doing events
to think about how maybe like creating an accelerator I was kind of inspired by consensus
in New York you know by Joe Lubin he created like this incubator accelerator for blockchain
projects I was like I would love to do that in Asia. I met Josh in 2018 in San Francisco, we had mutual friends.
And he inspired me as a really great software architect. And I was like, I really want to work
with Josh. Came back to Taiwan, we had a ton of calls. And Josh actually ended up moving to Taiwan
for three years. And we started our crypto lab in 2018.
If you can imagine, 2018 was like all of a sudden the ICO boom, 2017 and 2018 was like a bust.
And it was really difficult for us.
And we went through actually a lot of difficulty.
We couldn't raise funds for our kind of initial ideas of Josh's consensus algorithm.
We really wanted to kick
start a layer one at that time, but it was very difficult. We ended up working with a publicly
traded company here called Admin Tech. They heard about what we were doing with like IoT meets
blockchain. We were basically running consensus on IoT data and timestamping it on Ethereum.
on IoT data and timestamping it on Ethereum.
And we built out a solution for them.
And since, you know, after that, that kind of gave us this introduction into thinking,
well, how do you get off-chain data on-chain securely?
And that's where we're like, it really clicked at that moment that, you know what, having
a layer one with native oracles has so many benefits. And why don't we,
let's start Supra, which at the time was called Supra Oracles. Let's go to market as an oracle,
let's compete with the other oracle competitors like Chainlink. There's only a handful at the time. Let's go to mark it as an oracle. And then let's, once the layer one,
the full vision of a layer one with native oracles is
set, then we'll kind of click, we'll flip the switch,
and we'll announce to everyone, hey, we're actually a layer one. You can deploy
on Super directly and get all those benefits of having native oracles.
So that's a little bit of the story.
I love it.
Josh, anything to add?
Not too much. I mean, basically, you know, actually our plan had always been to vertically integrate
a layer one with Oracle with crushing communication, automation, and on-chain randomness, single
stack, the full vertical integration kind of
point of view was with us from the beginning even when we were Oracle we were always using
layer one technology behind the back end to kind of facilitate our Oracle protocol so that was no
like accident or like oh we just decided to. It actually was always part of the plan. And, you know, it's towards like 2020 and 20 to 23, that period,
the whole like conversation was about modular, right?
And we stuck to our guns because the vertical integrated thesis
is actually pretty much the opposite thesis to the modular approach.
And we were pretty much the only ones.
Later, we found out about Hyperliquid, and it was really just super and Hyperliquid that were vertically integrating
both layer ones, smart contract platforms with built-in Oracle with the crossing communication
and so I think you know I'm glad that we stuck to our guns because it was you know a lot of attention
was being given to the modular folks but uh we do fundamentally believe that our approach uh has so many benefits especially to performance
speed security decentralization you actually can do it you can scale the layer one so that's
what we focus on uh my background yeah i think john covered most of it but um i used to be in
the online poker space when i was like early 20s. That was my first startup.
So that and then moved into on actually work for the first time for a startup for another startup company.
And in New York City, they grew and was in the ad tech industry.
So I got exposed to auction engines, you know, like Google Meta.
They run off of these auctions and they have these limited ad
spaces and got a really interesting education over there. When they opened up to their San
Francisco office, I was the third team to go to SF. During that period, I kind of transitioned to be
a contractor to work with them. And then I started working on SaaS software as a service. At that period, that's where I got introduced to Ethereum. And of course, I'm like, this is interesting,
I guess, but like the slowest database that I've ever seen. So I'm not quite sure. I'm not sold
on this yet. And then long story short, a good friend of mine showed me that she had basically
had a $10,000 investment that was, I don't know, like four or five months later, had 10x. And I was like, okay, let's take another look at this. Yeah, in Ether. It was back then,
it must have been 26 and 2017. Yeah, that's the story. And then I took another look at it.
I got interested in it because I realized back in the online poker days, I used to complain that
these poker rooms and our partners were not reporting data correctly to us, but I had no
recourse. Yeah, I had no recourse.
I had no, so we just had to accept the data and the payouts that they'd give us.
And then I realized there is a middleman problem.
There is a lack of transparency problem.
And then that's actually when I went full, full all in into blockchain crypto.
And that's when I met John.
And from there, we've been together for about seven, eight years.
Love it.
Next question, sort of a two-parter.
So I'm going to take a little time to ask it, but then just answer it however you want.
If you had to pick one aspect of this cycle that suggests fundamentally that this is crypto's biggest bull run ever, what would that be?
I know there's a lot of things happening, but what's one thing that is really just signal to you? And then second part of the question, how is Supra different?
Because a lot of people's uncles and aunts or nephews are saying, mom, dad, check out Ethereum,
check out Solana. But Supra is different and I'm guessing better. So how does that fit in?
John, you want to go first on what you think is the best signals?
Yeah.
Yeah.
I mean, so Josh and I are Americans and we've been, we started our venture studio in Taiwan
back in 2017, 2018, like I mentioned.
And, you know, one of the reasons for doing that is, well, it was kind of it was my family's here.
It was easier to bootstrap. And there was just more there was more attention and excitement in Asia.
That's one in the Web3 space and two regulatory on clarity in the U.S.
So even as Americans, as American entrepreneurs, we didn't really feel like there was clarity for us to actually run and create a new layer one, a new kind of distributed ecosystem in the US. And,
you know, after the election, things are becoming a lot more friendly, as we can see. And I think
that's like, that's the biggest catalyst, because what that's doing is that's giving the ability for
businesses in the US, including Coinbase, including all these stable coins,
to actually create entities, go public, to acquire other companies,
and to also, like we mentioned, these stable coins creating their own chains,
which is like some people might say,
oh, that might be bad for other public blockchains. I don't know. I kind of think it's just like a you know, some people might say, oh, that's like, well, that might be bad for other like public blockchains.
I don't know. I kind of think it's just like a natural progression.
And I think it's good. In general, I think it's like at least a good trend for the industry and leading into what I think is the next, you know, pretty big bull run.
Love it.
Yeah, I would say that I had to to switch my headset can you guys all hear me
yep loud and clear okay great yeah i also kind of think i mean you are a little silent though
you are you did go down in volume is there any way to fix that okay let's is maybe is this better
right now or not really um that's good right now okay. Yeah, my other headset batteries died.
Long story short, I also, of course, we cannot predict the future, but I do think, you know, we've been through several different cycles in the last seven, eight years.
And this feels to me to be by far like the gigantic one, in my personal opinion, right, not financial advice.
And it has to do with, I think, like, you know,
I think a big indicator for me is the Circle IPO. I think it being received so well is a very good indication that, you know, kind of traditional TradFi is opening up to this. There are big names
like JP Morgan, Goldman Sachs, others that are doing things in the space, MasterCard,
Visa, right? And now Stripe. So it's in Robinhood, right? So it does seem to me that it is going
mainstream. I mean, we've been preaching, all of us in this industry have been preaching forever,
this is way cheaper than MasterCard and Visa, right? Subpenny transaction fees on these,
especially these new layer ones and super fast
settlement, like sub second settlement kind of thing. Right. So yeah, I mean, personally,
very excited about the prospects. I think the next two years are going to be enormous. And for us
at Supra, we have just been kind of continuing to build out the full vision and try to position ourselves well to capitalize on this next wave.
What is Supra and what is our vision?
If we were to just kind of explain this to my aunts.
And it's funny because I was just in the States and my aunts are buying Bitcoin.
You know, they're asking me questions about Bitcoin.
That's awesome.
Yeah, I'm glad they're doing it because I told them about that like four years ago.
They actually did it.
So, yeah, good for them.
But if I'm explaining it to them or to my cousins,
I just say it's an all-in-one blockchain, right?
Some of them know what Chainlink is.
And I think the classic way to explain this
to kind of newbies are like,
okay, you know Solana, you know Chainlink.
You know, they have Solana's fast,
Chainlink has oracles,
and you know Lear Zero maybe has bridge.
What if you put them all together?
And then on top of that, you enhance it with something new that no other blockchain has, which is automation, which we call Autofy.
And this all-in-one blockchain concept has never been done before.
And we have a very unique insight on how to do it.
And it is working.
Like our Layer 1 is live.
Our crossing communication bridge, Supernova, just went live like two days ago.
Automation is live on mainnet as well. And of course, Oracle has been live for quite some time.
So the fundamental pieces for this vertically integrated stack are now live on mainnet.
There's some more refinements, more chains to connect with, and more protocols to bring to market.
chains to connect with and more protocols to bring to market.
Nonetheless, this is a, you know, in general, technology does have a tendency to move towards
greater vertical integration and just in general.
Right.
And we think this is going to be the exact same that's going to happen to blockchain
and we're the first to do it.
John, be real with me, because I think a lot of us saw SEC chair Paul Atkins made history by saying he
wants to tokenize traditional finance, tokenize Wall Street, and he specifically said bring that
on chain. To me, when I see Donald Trump of the White House surrounded by founder of Chainlink and
Joe Lubin and founder of Ethereum and Brad Garlinghouse of XRP. Is Supra too late, for lack of a better question,
or do you think Wall Street will tokenize on Supra,
or how does that fit in?
Yeah, I mean, if you were to ask,
if investors probably asked us the same question in 2018, 2019,
like, aren't we too late?
Isn't it impossible to kickstart a new layer one?
And it definitely feels like that at the time, you know, when, when all these investors say,
hey, this is impossible. It kind of gets into your head, you know, even, even eight years,
seven years ago, it kind of gets into your head. Oh man, like maybe this is impossible.
And this is a difficult feat. But we've made it this far, you know, and actually we proved
all those people wrong. And I guess we proved to ourselves and to our own critic and to my own
critic in my mind, okay, we kind of proved that wrong. So we've been pretty successful so far
getting to where we're at, having this full vision of vertically integrating high
throughput layer one native oracles and native bridging and native automation.
This is amazing.
And I think, you know, as long as we have a long, like as long as we have a longer timeframe,
as long as we kind of think in like longer terms, not just like in the next
six months. But if we think in like five years type of timeframes, I'm pretty confident that,
you know, since we've made it this far, that actually we can actually, we can,
we can be able to integrate into traditional finance and play the same, you know, at the same level as, you know,
Ethereum and some of these other players. It just, it sometimes does take time. And no, I'm pretty
confident that we can do it. I think, yeah, and then Josh, I mean, we can speak to the infrastructure
advantages, but we really do feel like if you can be able to not only have a high-throughput
layer one, but if you can really do what's called cross-chain automation well, you can
be able to actually have a more efficient way of moving assets than any other ecosystem.
I think it's important to be able to, if you think about auto,
being able to arbitrage or get yield, like in DeFi, if you can be able to find the best yield
in different ecosystems automatically, cross-chain, I think that's really powerful.
And I think, yeah, as long as we, I mean, we can't just have the best infrastructure. We also really have to keep, you know, keep the hype going.
And so I think, yeah, I think maybe we can kind of talk about, well, what's next for Supra?
What is it going to be that allows us to keep up the momentum?
Please, I'd love that.
And I do want to mention that the folks that tokenize stock for Robinhood, they're one of our seed investors.
So we are talking to them and say, hey, guys, let's continue this journey on maybe having these things deployed on Supra.
Now, Supra is new. We're like seven, eight months old on mainnet.
So we have to prove ourselves and we get hardened and we get proven every single day that we keep on moving forward and pushing forward here.
So it is a matter of time.
Sometimes these ecosystems will require or these institutions will require some more maturity,
and we'll be getting there.
That's why I also agree in the kind of mid to long term, it's an even playing field.
I think at that stage, relationships matter a lot, but also, for example,
the whole world cannot run on Chainlink, right?
It just can't.
It's just not secure enough to handle all that value.
There has to be requests for proposals,
for competing bids, for competing technologies and such.
I mean, you know, I just want to make it clear.
Actually, I was a link marine back in the day.
I was an early Chainlink.
I always knew that oracles were going to be important.
And this is what kind of led to us saying, yeah, we should ingrate in this and try this into
super directly. So two things, I guess. One is we are continuing to develop our relationships
with existing investors. Many of them are tokenizing stocks and or working with stable
and or working with stablecoin issuers.
coin issuers. There are stable coin issuers that are doing things like the Hong Kong dollar,
There are stablecoin issuers that are doing things like the Hong Kong dollar, for example.
It's not just going to be USDC.
It's going to be all kinds of different currencies.
And Super with, you know, 600 different data pairs, cryptocurrencies, equities, commodities,
as well as FX, foreign exchange.
We also think that Super can be an ideal chain for on-chain stablecoin, foreign exchange,
like FX, basically, right? And we're
uniquely positioned for this as well. And then ultimately, as John was mentioning, that the
technology can, and when we do aspire to plug into all the big ecosystems, we can also plug into
institutions and banks and entities directly as well. We can plug into TradFi as well,
because ultimately under the hood, it's all about cryptography, and we know how to do it as well. We can plug into TradFi as well, because ultimately under the hood, it's all about
cryptography and we know how to do it as well. So we think that's just a matter of time. We will
enter that game. We will be continuing to speak to institutional partners and we'll get there,
but it will take some time for us to fully mature and prove ourselves, but we're not going to stop
and we're just going to keep on pushing forward until we get there. Number one, I see a lot of people requesting to speak at the very end.
If we have time, we'll bring up one or two people to ask a big picture or Supra related question.
Do not chill an altcoin.
You will be booted at the very end.
But the only way you're going to get brought up is if you share the space.
So that's what I'll be looking for.
So I encourage you to share.
And going off what you said, Josh, I see from Supra,
a lot of the messaging is Autofy. Automatic finance changes things. Aren't all smart contracts
automatic, or what is Autofy? Yeah, actually, this is a kind of industry misconception that
smart contracts are automatically triggered.
Actually, it usually requires an Oracle update or a keeper or some external or human to send
some sort of transaction to trigger the automation or trigger the transaction to do something.
And so you don't have, unlike computers, you don't have cron jobs and blockchains.
You don't have the ability to, based off of various conditions, automatically do something without an external impetus.
And so Supra is the first to have this capability where we can be scanning for a variety of different conditions.
And then if those conditions are met, automatically execute.
met automatically execute. And what's powerful about this is these are tools that we're democratizing
tools that are usually reserved for only the high frequency trading firms to everyday users.
We're giving really powerful tools to end consumers because we call this a zero block
delay automation, meaning if the conditions are met in the same block, it'll execute.
That means it's faster than an external high frequency trading
firm calculating all the kind of conditions and then submitting a transaction on chain.
Your transaction will execute before then. And ultimately, you know, we're moving in a world
where AI is all the kind of rage, right? AI and AI is all about automating workflows. Why not on
blockchains, right? And, you know, AI assisted
automation, we think that is the most powerful thing in Web3, where you can just speak out your
intention. This is what I'm trying to help me figure it out. It kind of works with you. And
then you deploy certain automations to help execute your particular strategy. And also AI can
help you observe them and give you feedback on and maybe cancel
some automations and set new ones.
So ultimately it's about making it simple for the everyday user to use natural language,
speak their intent.
This is what I'm trying to do.
And then have it deployed at CronSupra with zero block delay execution, no latency basically
as fast as physically possible.
And also all of this, we're making this no code, right?
So you don't have to be a programmer
to participate in this technology.
So we're really pushing that agenda
because it's gonna level the playing field for one,
but two, it's just gonna open up all kinds of things.
I mean, let me just give you a simple example
of something that's gonna be very useful for everyone.
Give it to me.
Yeah, so with automation, let's suppose you have a wallet, a key, a wallet, right, and you lost your key.
But if you set a automation, we call it, maybe it was a dead man's lock or something like this,
where if there's no activity on that, that your wallet for six months straight
or 12 months straight,
automatically send the entire balance
to another wallet
where you might still have a private key
so you can recover those funds.
So that's a simple use case for automation
that's beyond just like auto fire
or decentralized finance per se,
but just can improve the user experience.
I mean, we all have so much anxiety
managing private keys
and this is a way to just have another key recovery mechanism. And so there's actually,
in our estimates, at least 30 very compelling use cases that haven't been done before
that can be enabled with automation. John, in the next six months short term,
what is next for Supra?
Yeah, so we just had a, we just had a space like 12 hours ago, talking about Supra Liquid.
You know, it just so happens that Supra, there's, there's a couple, there's, there's,
there, so Supra's infrastructure with, you know, with native, high throughput L1 with native oracles. It just so happens that another project called Hyperliquid came up with the same type of infrastructure.
So Hyperliquid is a PerpDex,
and it's very high throughput, like low latency L1,
and they have native oracles,
and they created this really great PerpDex experience.
So it's a mixture of this good infrastructure,
as well as these token incentive models for their perpdex. And they're highly successful.
So Supra is actually launching what we call a super chain container. And our researchers
kind of came up with this idea, and we're implementing it it and we've launched it. And so we're we're actually launching our competitor to Hyperliquid.
We see what Hyperliquid did well,
and we're just applying the concept of Hyperliquid,
but using Supra's technology fully.
And so we're launching Superliquid.
We just kind of announced and went through that yesterday, about 12 hours ago.
But we're really excited that we can actually bring this like centralized exchange experience
to, uh, to basic, basically on chain and we can apply and we can do more and we can apply automation
and auto-fi to, to super liquid. And we can actually differentiate and create a better
trading experience on Supra.
So that's one thing that's coming up.
We just launched Supra Nova, which is our kind of layer one to layer one
bridgeless protocol.
It's like a cross-chain protocol.
So now you can bridge assets from Ethereum to Supra.
And the next will be BNB chain.
And on all, maybe we'll focus on a lot of the ETH, like EVM-based layer ones.
And then Solana and so forth.
So we're going to be connecting our Supernova to many different chains.
And really, like we mentioned before, help enable cross-chain automation.
You know, this ability to kind of like do automated tasks on Supra across many
different ecosystems. And I think I find that very exciting. That's huge. Josh, anything to add?
Yeah, I mean, so we do have a lot of things that we kind of research and develop. And
these things are done through multiple small teams in Supra.
So, for example, we also came up with something called Threshold AI Oracle.
So this is the first time where oracles, where we can use leverage AI to kind of resolve all kinds of different things that are beyond just a price sheet.
So we just presented at Berkeley a couple of days ago, actually, Dr. Kacke did.
And we have folks like Chainlink, for example, really interested in what we're doing.
We're the first to do this and we're bringing this to market right now.
Threshold AI Oracle, in the shorter run, will be able to answer questions like sentiment.
It'll answer questions like it could resolve all these prediction markets, you know, like
what happened when, and it can resolve, you know, all kinds of different things that are beyond just the price feed.
That's an exciting product that's coming to market.
The prototype is ready and we're trying to get this onto main nets fairly soon, maybe a month or so, at least the initial MVP.
The other things that are very exciting and that, you know, for example, that team isn't required to be working on the supernova technology, the crossing communication technology.
That team also doesn't have to work on the super chain container, super liquid.
So we can push multiple tracks forward step by step.
The unifying theme is leveraging our technology stack to do things and to enable use cases you can't do elsewhere.
stack to do things and to enable use cases you can't do elsewhere. A big one that we think is
going to be exciting and also like just no other chain can do it is, as John was mentioning,
cross-chain automation. So Supra being like a brain with oracles and cross-chain communication,
we can basically see what's going on on other chains and have automations trigger your asset
movements across different DeFi strategies on, say, Ethereum,
or even move it across through Supra to other chains and do this in a coordinated, secure manner,
leveraging layer one security the whole way.
And I think this is just going to help unify Web3.
We've all kind of known that unifying Web3 is going to be very important.
In order to
do that, though, otherwise you have all these isolated islands, these different chains that
are not really interoperating with each other. But with the cross-chain communication and with
automation, and the key one is Oracle, because the Oracle is the information, the insights,
the kind of sensory organs, the eyes, the ears that can kind of sense what's going on elsewhere
that can be utilized as
these triggers for automation logic to do things.
Long story short, we think that this type of technology is necessary for Web3 to really
mature, to be more unified.
And we call this system and this stack an intro layer, a layer between layer ones and
layer twos, unifying liquidity, or at least enabling
crossing coordination with deterministic logic.
I want to pose this question to either of you, but at the end of the day, when you're
home alone, what keeps you up at night?
What scares you?
John, you go first.
Oh, man. I don't know if I can answer honestly here.
Because it might not work. You know, a lot of founders... Yes, go, please.
Yeah. I mean, I don't want to fluff things, but I would just say that this journey has not been easy. And we've had a lot of nights where we had a lot of worries of keeping
things together. You can imagine launching in 20, like,
like starting working together in 2018 was like the, the,
like pretty horrible bear market.
So it's like, it was impossible to raise funds in 2018.
People didn't believe like, Hey,
is the token
model for fundraising even a thing anymore um you can kind of imagine like you know okay defy boom
and and um like going through the emotions of uh of raising funds and um and then all of a sudden
you have three arrows f uh, Terra Luna FTX crash.
You can all imagine during those times as like a business owner, as an entrepreneur,
um, all of a sudden, again, there's another freak out of like, Hey, like this liquidity
dries up.
What do we do?
And, um, I would just say that we went through a lot of difficulty along the way of sometimes having
to survive. And this is the honest answer, I guess, because, and through that, you know,
Josh mentioned this quite a bit, sometimes necessity is the mother of invention. Like
when you go through difficulties and struggle and even suffering, you have to try to figure
out a way of inventing something and have to try to figure out a way
of inventing something and figuring out how to get out of that situation. And so I would just say
that that caused quite a few sleepless nights and a lot of difficulty along the way is just being
able to survive and think about, hey, how do we not pivot, but how do we just get out of this
situation? How do we kind of create something and innovate where we just get out of this situation? You know, how do we kind of create something and innovate where we can, you know, we can get out of the situation,
we can thrive.
And so I think it's interesting
because we were talking about yesterday
and on our space,
we're talking about how we're doing this new thing
called ICO 2.0.
And it's really all about projects
being able to raise funds,
but get those funds funds according to milestones,
right? Because all of a sudden, if you're guaranteed for the next five years runway,
you're not going to have the same passion and fight to survive. And I think that fight
might be a necessity for startups to actually succeed, you know.
And so I would just say, like, you know, having to survive, you know, it doesn't feel great.
But maybe that's like a necessity that we had to go through.
And maybe a lot of entrepreneurs and startups need to go through in order to kind of innovate and come up with a lot of the concepts that we did.
And maybe, Josh, you can add to that as well.
I love that answer. But yes, Josh.
Yeah, that's a that's a raw answer. That's straight up. No filter there.
I would say that so from the technology point of view, because we have a world class team of like literally famous academics that are on the team.
Dr. Kate, Anika Kate is the inventor of KZG commitments.
This is utilized for like Ethereum's
data availability technology.
For EigenDA, they all use KZG.
He's the K in KZG.
And we have Dr. Yang and Dr. Joshi
and others on our team that are, you know,
worked at places like Microsoft.
We have folks from Microsoft, from Meta,
from other places, you other places on our team.
So this gives me a lot of confidence
because we actually have to do a lot of debate.
Every protocol we build,
you'd be surprised how much debate we do internally
to kind of come to the same final answer.
And this process, though,
does give me a lot of confidence
that the technology is sound
and that it'll definitely work.
So I don't have any personal concerns around that.
Of course, you're always going to have a little bit of paranoia dealing with just in general security because of, you know, the complexity of cryptography and then crossing settings and such.
So we always have to be on our toes.
Nonetheless, I have full
confidence that what we're building and what we set out to build, we will absolutely deliver.
We've already delivered layer one smart contract with Oracle protocol, with on-chain randomness
protocol, with automation protocol, with processing communication protocol. This is like six projects
in one. And these things are all going through mainnet. They've all passed audits or everything
I just mentioned are already on mainnet, right. So I'm confident that we can get there.
The things that get me a little bit, you know, in addition to what John said, sleepless nights, it is just, it's going to sound like it should be solvable, but it's also like, how do we explain the impact to people in a simple
way that they can understand?
And, you know, it's been a challenge to, I mean, to me, it's very clear, like, okay,
layer ones have product market fit, oracles have product market fit, bridges have product
market fit, you know, automation has product market fit.
Shouldn't a single thing with all those components built in have product market fit shouldn't this be the most exciting thing in web3 that's the way i look at it
and it is to me and i mean we have been described actually as a fifth generation blockchain so we've
had the privilege to stand on the shoulders of giants that went before us and to learn
from first principles so while we do all that work and what we're building is in what I believe
to have the absolute most potential in this technology space,
it is kind of, you know, gets me wondering why, you know,
what exactly, how come this isn't being necessarily understood immediately
by everyone of how massive this is going to be?
So that is something that kind of,
you know, keeps me up at night, just thinking about falling asleep to try to just try to
simplify the message, so to speak. But also, of course, you know, I wouldn't trade this journey.
Actually, as John mentioned, I think if we were we raised like 46 million, if we had raised 200
million, we would not have better technology at all. In fact,
our technology is better because of our constraints. And so I wouldn't trade that.
It's just very uncomfortable sometimes. But that said, we're so determined and we love what we're
doing. And we're so convinced that this is obvious. I absolutely believe two years from now,
everyone's going to look back and be like, what Super was doing was obvious and others are going to start to copy us.
So it's just a matter of, you know, taking advantage of that first mover advantage and bringing it to market and bringing great products and services to market, supporting our ecosystem.
If we just keep on going and are consistent with that effort, despite the price movement, a lot of times in this industry, people actually work harder when their price is going up and they get jaded so fast when the price is going down.
And for us, we have not stopped our tempo.
It's just keep on pushing no matter what the price action is or whatever, no matter what the sentiment is.
And I think that's the right philosophy that we just keep on pushing forward that over time, you know, the value of it will become articulated and also realized.
And then I think from there, it's going to, you know, especially as we prove use cases you can't do elsewhere.
I think at that stage, it's just going to be,
you know, of course, not financial advice, but I think it's going to be a mega grand slam.
In our final five minutes, I'm going to do what I said, bring up somebody from the audience,
ask a question, but Josh, John, just final thoughts on what's next for Supra.
So I would say that the next one is, there's two things that I'm really excited about.
One is this microchain, the superchain container.
What this technology is, this is what we're going to be running the superliquid perpdex on. It's actually like a, what's interesting about this insight is we can run a centralized quote unquote system, meaning seven nodes in a single data center, have like sub 50 millisecond block times.
Like our tests are even showing like 30 milliseconds and faster.
Remember, there's a thousand milliseconds in one second.
So one Mississippi.
In that little time space, there is 20 to 50 blocks created.
That's Web 2 speeds. So Superchain containers can run
at that kind of level of speed, yet maintain SuperLayer 1 security. This is the key point.
That is what, you know, like, because why are we in this industry if we're not providing this level
of Web 3 decentralized transparent security, right? So we do maintain both. And maybe I don't
have to go into the details of how we do it both. And maybe I don't have to go
into the details of how we do it. We actually will be releasing more material on this. And
actually our webinar yesterday covers a lot of that. So that's going to open up many use cases
that are just blockchains are just maybe not going to be able to facilitate because you want to have
ultra fast user experience. So PerpDex is a good example.
Another one's going to be, you know, GameFi. GameFi hasn't really taken off the way that I think all of us
thought it should. And part of it is because these blockchains, even if they're super fast,
if they're actually distributed around the world, they can't run faster than like, let's call it
around 200 milliseconds. So you're going to have some sort of like user experience
issues there.
With superchain containers, you can visualize them
as these microchains.
This will enable extremely low latency use cases
that can give you Web 2 experience.
But the parts that matter for value exchange,
those get re-executed on superlayer 1
to maintain the superlayer 1 security.
That's a major track.
The other big one that we're really, really pushing hard on right now
is Autofi, Automatic DeFi.
The ability for you to kind of set strategies,
for you to have trailing stop orders, stop losses, limit orders,
all kinds of different types of mechanics.
I mean, let's be honest, blockchains,
one of their major use cases is value exchange,
right? So adding these kind of no code, AI assisted, automated capabilities, tapping into
smart contracts, composing with a variety of smart contracts in a way that the average person can just
speak their intention. This is just what I'm trying to help me figure it out. That is something we
think is going to become the best way to get mainstream to engage blockchain. And that's the other major
focus. Love it. John, final thoughts before we pull a question? I think that was great. I think
Josh's answer was perfect. And yeah, I think we should just get to questions. Awesome. Now,
a lot of people requested to speak to ask a question.
The only people that will be pulled up are the people that shared the space.
I see you.
I appreciate you.
And just some basic rules.
They're not going to answer anything on token price.
Do not chill your altcoin or else you'll be immediately booted.
We have standards here.
That being said, feel free to ask about Supra or Crypto Bullrun.
I am going to pull up. Let's see. Let's see. Khalil, this is your moment. Do you have a question?
Khaleel, please press the unmute button.
Khalil, please press the unmute button.
Thank you, Mr. Alka. Thank you for the opportunity to speak.
Mr. James, Supra, thank you all of you.
My question here is on Supra. I have many questions, but my question is on the
for builders and ecosystem. Can you brief uh brief share what
your project is putting on the core and what problem you're going to solve and under adoption
focus how do you plan to bring real user on your ds and not just airdrop hunters or this is my
this is my questions so about community, what role do you community play
on your roadmap and how can you get involved?
That's my question about Supra.
Can you, Mr. Joshua or Mr. John,
can you bring me some answer on it?
Thank you for me to speak.
Thank you, thank you.
Did you guys get that?
I think I got most of it.
So I think it had to do with, you know,
how are we going to support builders as well as community
and basically attract activity to Supra?
Yes.
How will you do that?
Hello?
Oh, I think Josh jumped off the speaker.
Maybe something.
He dropped off. Yeah, I'm back.
Yes, Josh, please. How will you solve the community issue?
Can you all hear me right now?
The X just kind of dropped off for me.
Yep.
Loud and clear.
Yeah.
So we have Supernova's crossing communication protocol, right?
The next major protocol that we're bringing to market is called proof of efficient liquidity.
Let me explain what this is. One way to say it is multi-asset liquid staking,
aka you can bring your Ether, your UOCC, your RapidCoin to Supra. You can use that as collateral,
borrow Supra tokens against that and stake it to node operators, becoming one source of yield,
and simultaneously we'll issue you an IETH, an I for intralayer ETH that you can rehypothecate or use that IETH in Supra DeFi.
So this is a way we intend to attract liquidity to Supra.
We actually have soft commitments on the order of 30 million to come into Supra step by step.
We'll do it slowly.
Proof of efficient liquidity, this protocol should be live on mainnet in, let's just say, 30 to 45 days.
It's already on testnet. And this will be one way to attract liquidity through liquidity incentives.
And this is not a, it's not one of those, it's more sustainable. It's not one of those Ponzi schemes. You know exactly where the yield's coming from. It's coming from using your ether
to provide economic security to superLayer 1 through staking.
And then also we give you an IEF that you can use SuperDeFi.
So this should bring liquidity in.
Right now we're talking to our DAPs, the lending protocols, the DEXs, mostly their DeFi right now, to prepare to accept these I assets in their protocols.
pair to accept these I assets in their protocols.
And from there, they themselves may have their own point system or airdropper program or
fee generation mechanisms that can actually add to the APR.
So 8% from the Ether to Supra, 8% APR paid in Supra token through staking, plus maybe
let's call it 3% to 5% additionally for DeFi protocols using the IEAP that's brought in.
That's another major one.
The types of, you know, airdrops are good and bad.
Okay, so we had KYC 512,000 people for our initial airdrop.
The thing is, that was a learn to earn program.
And we're happy we did it. Except the issue is that most airdrop hunters are actually mostly takers, unfortunately.
There's some really great folks that came through because of this program.
We're grateful for them.
They really helped us bootstrap the ecosystem.
Nonetheless, a lot of them are just, they just, they don't have any stickiness.
They don't have any really deep alignment and they just are looking to sell when the tokens are available.
Whereas in the future and with like Superliquid, we're only going to reserve reward folks that have proven economic activity on system.
Also known as they have the wherewithal to do things in DeFi.
They also have discretionary capital to do things
and income to do things beyond just taking.
So we will be rewarding those that can actually provide liquidity
to the ecosystem.
We also do have, for just general community,
a couple of other things.
We have our Project Blastoff 2.0.
The first Project Blastoff is where we KYC'd 500, 12,000 people.
2.0 launched like three weeks ago.
This is, there are courses, there are gamification,
there are ways to win different things and prizes,
but we're focused on dApp discovery.
So highlighting the dApps in the super ecosystem
that you can engage with,
and they may give some sort of reward.
So the super token itself is very limited in this program, very limited, but the DAPs themselves,
if you engage them through this platform, get to know them, try out their DAP, do things in their app,
then you might be eligible for their airdrop.
So this is a way for us to continue to not only educate and give back, but also give exposure to our dApps.
We're really excited about this, and that platform is only going to get better.
So in terms of community, I mean, the truth is there has to be a symbiotic relationship between kind of host blockchain as well as the community members.
of host blockchain as well as the community members so the best way to get involved is to
create content is to tell your friends about super is to do your research is to build protocols to
build projects you know tap into autify um you know and then what happens is that we have you
know just so you know it's not doesn't happen often but we do hire directly from community
right we have brought them in directly into Super Team because this person or that person has
really put their shoulder into it without compensation,
just purely out of passion.
They did their research and learned about Supra
and, you know, they're hustling.
So, yeah, I mean, what I'm trying to say is,
of course, community matters.
And by the way, everything we do with Super Liquid Token Economics, etc., is very much geared towards community benefit.
And we have some very interesting ideas around that.
But ultimately, we do need to make this a symbiotic relationship.
It has to be a win-win to win.
It can't just be air airdrop, just take your money and leave.
Loved it.
This will be the final question from the audience. Reminder, guys, Josh, John, thank you for, thank them for taking time today. Give them
a follow. Give the main super account to follow. Hell, give me a follow. But the final question
will be from the man, the legend, CryptoFace.
The legend, CryptoFace.
Please, sir, ask your question.
All right, I'm guessing it's me because I am a speaker and I didn't hear the first part, but sweet.
First off, you guys sound like you're super intelligent.
You're working on a lot of good stuff.
When I came in, you guys were talking about building a super liquid. And my question is to you
is, do you have a plan on how you're going to raise the amount of liquidity that they have?
Because that's like, you know, kind of like their number one thing. So, yeah. How do you guys intend to do that?
That's a great question.
So to answer that, this is actually goes to the crux as to why Super Liquid needs to have
its own token.
John and I really argued with our econ and quants about this for like six weeks that
we want to just make it the super token only, right?
It's just easier to explain to the ecosystem and everyone.
However, we can't because it's too risky for the following reasons,
precisely because we need to have a program
which we can attract that liquidity.
The plans for Super Liquid is to basically follow
the Hyper Liquid roadmap, the playbook.
They did an excellent job there.
Of course, the technology is gonna be all super tech.
Nonetheless, their go-to-market strategy
from their point systems that ultimately did translate
to airdrop based off of actual real on-chain activity,
as well as they had significant incentives
for market makers to bring liquidity to the platform.
That was key to their success. So in a nutshell,
just imagine Superliquid following their exact playbook, but using Super technology.
And you guys think you can do that? And I love the name.
Thanks. Yeah, we think so. And we are working with some hedge funds and market makers to help with this and to advise us on how to do this. But more or less, I think since people have seen the playbook work so well for Hyperliquid, and we're not going to copy it verbatim, but directionally, we think they did a great job.
people are going to be familiar with those mechanics.
And if the technology and performance and user experience is comparable and we
have the same type of incentives, it should, it should just work.
All right. All right. Two great questions.
Always a little dangerous when you take questions from the audience,
but it went great guys. Thank you so much. I'll be following.
Thanks everyone. Awesome. Thanks so much, Austin.
