Music Thank you. Thank you. Thank you. Thank you. Hi everyone.
Oh, finally. I've been trying for a while now thank you thomas you bet happy to
be here really happy to have you here today as well um is thomas the right pronunciation by the way
yes um i've been living in us for so many years but um originally was tomas
but but tomas is gonna be fine all right i see yeah we get used to things right exactly yeah
i'm flexible easygoing it is what it is it's uh polish i remember right from our conversation yeah all right yeah great but now happily living
in miami so oh nice you don't miss the cold i do not
i'm not a big fan of of cold weathers either um easily you know i get cold and yeah no it doesn't matter how many layers i put on um
nah it's just not for me yeah not the same well nice nice we have everyone and um
yeah i think it's a good time to get things started then let me just do the intro and
Let me just do the intro.
Welcome back to the Anchor Partner Spotlight,
where we sit down with the founders, builders, and strategists.
Shaping the future of Web3.
And this is actually the third time we have hosted the team from Matching.
And yeah, I'm not tired by any means I'm really thrilled to have
them back we recently aired part one of our current series which focused on the Match AI
with CEO Petrix if you haven't checked that one out yet definitely go give it a listen
it's a very interesting one where we not only talk about matching match ai and the new products
and matching on the project but we also talk about well the people behind the projects right and yeah
patrick shares a lot about his earlier life and uh well also opinions and today in part two we are diving into the defy side of mud chain
so that is what's already live what's coming next and how it fits into their broader roadmap for
2025 and beyond which is a really interesting topic for all of you in here i believe
and joining us finally in this deep dive is th, Chief Strategy Officer at MuttChain.
I'm not confident enough to try your surname, Thomas.
And well, if you don't know Thomas yet, you should.
He has led multi-billion dollar growth initiatives at places like Binance, Chainlink Labs, Microsoft, Accenture, huge names.
And now he's playing a key role in building out MattChain's DeFi infrastructure and long-term
And we also have today behind the MattChain account, we have Jacob, who is, well, the
social media, who does social, everything as social media and marketing at mudchain um so yeah welcome both and i'm happy to have you again over here
happy to be here great yeah glad to be here nice let's chat the future there you go. Nice. And yeah, why don't we kick things off with maybe a little bit of context for listeners.
And well, Thomas, Jacob, you know, for those who might not know you yet, can you tell us a bit about your role?
Maybe we could start with Thomas, Chief Strategy Officer at MattChain.
uh what does that mean thomas what are you currently focused on these days yeah absolutely
What does that mean, Thomas? What are you currently focused on these days?
look so much train like many other crypto companies is still relatively a small startup
right we have a team of of tens of people not of hundreds of thousands or hundreds of thousands like
i was used to at accenture at microsoft um so lot of things, but we always try to focus on what
I always remind the team of, is that we need to grow our rent, grow our profitability,
I think we have been losing you for a few seconds. I don't know if that's just me or everyone else.
How's it going there, guys? Can you hear me?
You sound a little bit robotic.
Yeah, you're cutting in and out a bit.
Let me try to read my intro.
Yeah, I can share a bit about my past and my role.
...at Serotonin, which is, you know, a well-known marketing agency.
I moved on from that to basically help with Match Chains,
the product strategy and growth as we head into TGE, right?
We had a good, strong TGE.
And now it's about focusing on the products that are going to bring us that adoption wave of the next 100, 200, 300 million users into Web3 from Web2.
As well as, you know, I've had a lot of experience dabbling in DeFi since 2021, even before that.
in DeFi since 2021, even before that.
I've launched some meme points and protocols,
and I'm really excited about the ability to, you know,
build out the DeFi stack and ecosystem on a chain
with a little bit more control, right?
I think a lot of chains are often just kind of like,
it's a call out of like, okay, come build on the chain,
but we're also strategically focused on building stuff within our control
so that it all wraps up into our own token and our own ecosystem,
which should be able to create a lot of value for our ecosystem.
Amazing. Yeah, thank you so much, Jacob. to create a lot of value for the system.
Amazing. Yeah. Thank you so much, Jacob. And well, it looks like we have Thomas back.
Yeah, let's switch headphones.
Maybe this will be better.
Oh, it sounds a lot better. Yes.
Okay. That's good to know.
Yeah. So I was saying that I work multiple hats, right?
It's still a relatively small company,
but my focus is ensuring that we grow our revenue, our users.
Basically, my focus is on growth,
making sure that MudChain becomes extremely successful.
Perfect. Yeah, thank you both.
And yeah, always great to start by kind of grounding
the conversation in, you know, what the roles look like, right? And what it really is behind
the scenes, especially for such a kind of a strategic role, right? That often sits behind
of some of the biggest decisions, but we will get into there. so um what's tangible today what's live in
much in d5 right uh let's do some let's talk some product because one of the most refreshing things
i would say about my chain is that you're not just talking about the future you're actually
shipping which is something that patrick's was uh very proud about right um so question for you Thomas what's the current state
of my chains defy offering today like um I saw some platforms like Matt stake some integration
with Omni and LST could you tell us a bit more yeah absolutely so of all, we are not a DeFi chain, like, for example, Arbitru maybe, right? We didn't build a bunch of DeFi community, and we are laser focused on building products that they will use.
A lot of our users are not crypto native.
Therefore, we need to build a layer of abstraction that will allow non-crypto native people, people who are used to transacting using Web2 tools to easily interact with our chain.
We also need to build a foundation, some basic primitives on our blockchain for the abstracted products to be able to operate.
You cannot have a meme launchpad, for example, without a DEX, right?
So there are some dependencies that you need to think about as you build out DeFi.
So starting with the building layers, the foundation of our DeFi,
we have an amazing staking product that was built in partnership with Anchor.
product that was built in partnership with anchor our users our community can take the mat that they
were airdropped or mat that they ended up buying and stake it and earn over 20% APR they can also
choose to get a receipt token a liquid stake token stmat to further. So that way they have a staking position,
but they also have a token that they can further use on DeFi.
For example, you can add it to a liquidity pool with MAT
And it's a relatively stable, safe pair, right?
Because it's the underlying token and the state state version of it there
isn't much of a of a price difference between those two and and uh you know prices and change
between those two so you don't have that impermanent loss risk it's a relatively safe liquidity
position to provide um so staking is critical for us. During our race, we sold Genesis licenses, which were basically fractionalized super
pools, and people who bought these Genesis licenses continue to stake them and earn even
higher returns from their MAT than you would get by staking MAT.
Furthermore, those Genesis licenses are unlocked now and there is a start to be a market for
these licenses on Rarible.
So Rarible is our NFT marketplace.
Genesis license is sort of a minor.
It's an NFT that creates MAT for you on a regular basis.
People who bought these licenses and would like to sell them, they can do that today.
They can just simply go to Rarible and sell them like any other NFT.
So that's the foundation of our DeFi.
The next step, and we're about a week late.
I was hoping that we would launch it this week, but probably a week from now, we'll be launching our own native DEX.
We are still working with market makers and with our community on liquidity because we want to launch it with sufficient liquidity around USDC, USDT, BNB, and of course MAT and state MAT.
So that is coming in the next few days, but there will be a DEX launch.
Once we have the DEX, we have the building components for more sophisticated DeFi
that will serve our users. But let me stop here because I've been talking a lot.
Maybe, Jacob, can you talk also about Omni and what we are doing around yield farming on the BNB
side? Yeah, we partnered with OmniExchange because they've launched a very interesting self-sustaining
liquidity infrastructure mechanism.
They raised about a million, and the goal is to both have liquidity pairs that are farming
as well as the natively owned protocol
owned liquidity in the DEX, which is earning fees
and going back into the token and the token model.
And we found this is an interesting model for a DEX
to be using because generally what
happens with a decentralized exchange
is you rent out the liquidity.
You basically emit the token so that people
bring liquidity people bring money to your exchange and as a result at some point like
aerodrome the token becomes worthless um now omni kind of switched this and made it
focus more on on the protocol having the liquidity first from the pre-sale
and then the value of the token going up
as it's bought back and burnt from fees.
As a result, we see this as a more long-term,
stable and efficient exchange to be placing our liquidity.
And we decided to place some liquidity as well
liquidity pools, which could be arbitraged with the existing one at PancakeSwap.
And as a result, there's been arbitrage, there's been volume in between, and we're earning fees
on that volume. And we plan to very soon,'ll have an ama soon with omni exchange which everyone's
welcome to join and tune into and we're going to be uh basically boosting the apr and and kind of
doing a liquidity campaign to drive further on-chain liquidity for our token.
And yeah, it's already with the fees, the APR is pretty high.
I think we were about 100% for a while.
it's at uh five thousand percent wait right now and that wait what based on yeah that's based
on the lp fee uh and the gauge rewards so there's rewards from omni going into it. And recently Omni just went from 80 cents to like $2.50 over the weekend.
So that is another reason why it's elevated.
But yeah, the APR is pretty high.
So for all of the DeFi degens, Jacob, what's the URL?
Omni.exchange. Omni dot exchange Omni dot exchange and this is um mat token with what's that other pair with BNB okay oh not a bad combination right yeah quite good one um when is that ama with omni happening
um it'll be scheduled shortly oh okay uh we're just waiting for final final dev things and then
we'll we'll post it on our on our uh our page yeah but yeah the token the token hadn't omni's
token hadn't been performing so well and over this weekend is
it's now pumped to 250 um which is always good yeah and I think similar story for our token
right it moved it in the last week it did quite well so I think that's helping for those rewards
yeah it's amazing beautiful numbers yeah um you guys can continue this session yourselves i'm
going to give it a check if you don't mind just kidding uh just kidding um yeah as we all watch
the apr go down as people are buying in no i think we are fine we're good oh that's good well that's the high apr more liquidity
yeah of course of course and there's always you know the fact that the people who getting early
they you know they are gonna for for some time until everyone else realizes right they are going to enjoy some higher api than uh the ones who uh who just joined later on right but yeah definitely i
i don't i don't think i have seen many examples of you know um both of the tokens doing pretty well
right it seems in price wise and then you know the api keeps keeps going well
at least sustaining or and or going up you know so again yeah that's because of the rent liquidity
renting model right um the founder of omni exchange madrid has uh launched the first decks on base
he also launched the one of the first decks is Arbitrum. And he did a lot of
work to get a bunch of volume, obviously, and get liquidity. But at some point, there's no value in
your DEX token because you've been emitting it to zero. And that's just the model generally.
So he came up with this model and we really like it so we're we're partnering
with him all right definitely i have to give it a check um yesterday arsalan he's actually shared a
screenshot of back in the day you know sushi swap brought so many memories and starting to feel
like in a similar way so yeah definitely gonna give it a check. Thanks both for sharing.
Yeah, what's crazy is that Omni's also had that 230 million volume already
because it's more capital efficient than a lot of the other DEXs.
So anyone swapping ETH to USDC through OCTRA generally goes through the Omni pool
just because it's more capital efficient and it has lower fees so we're technically Omni is already technically bigger than
SushiSwap in volume on base. Damn. Even though it launched two months ago. Damn, it's crazy.
Yeah I mean thanks for sharing you know I'm kind of speechless uh but yeah i'm on so much
you know noise in web 3s good to highlight what's already live and delivering value a lot of it
right that's right um yeah thomas sorry no i was saying that that is right you know this is this
is why we do these uh amas for alpha of course yeah yeah definitely
definitely i actually get so many insights you know from uh from guests um because well i bring
you know different people they do different things and yeah it's just from that you know many times i
get to like learn a lot which is great um so thanks again both and um now moving through my
question list um i saw that lst contract upgrade which is something that i kind of attracted
uh my attention and it happened last quarter right and apparently it was a big moment
so what changed with that release why is it so
foundational for the ecosystem that we basically focused that release on hardening the lst contract
making it foolproof delivering another level of security to it so that was very important for us. We did that ahead of expected growth, right?
So we expect STMAT to become the token that people transact in on MAT, on our blockchain, right?
Our DEX liquidity will be built around STMAT.
That will become the token.
transact and have a position
in MAT, but you will also earn that
is very beneficial to everyone participating
in the ecosystem. You know, you just
get paid for participating, which is awesome.
Did we all drop i'm here oh okay thomas i think we lost you for a few seconds uh you were saying that everyone participates in it and earns from it yeah it's basically the stmat our stake liquidity token becomes the default token for the ecosystem
and that's why we perform the number of security and hardening upgrades
oh okay that makes sense that makes sense yeah sounds like a kind of a foundational upgrade
right and if it's got right often unlocks well new layers of
functionality which is just great and um yeah now um thank you again for the context and for the
for the explanation um zooming out a little bit and talking about the foundation you know that
you guys are building um i have just shared the roadmap that you guys shared not
so long ago on august 27th um phase one of your roadmap it looks like it's all about building
core infra right and could you walk us through what's coming in well in terms of the native
dax functionality that you have already spoke about but but I see items like CDP stables, lending pools, etc.
What are you particularly excited about?
Yeah, so what's happening in the DeFi space right now,
that a big chunk of a DeFi space is starting to build
what I would call like a neob neo bank like applications that are similar to
what revolute has built um and others where they just provide a really cool fintech experience
to users right but paypal was the one who kind of like started it and of course was venmo
revolute etc a bunch of other companies around the world. Every country has their leader.
But those are just pretty layers on top of traditional finance.
The next evolution of that is those really easy-to-use, really cool, pretty applications like Revolut, but built on top of DeFi.
but built on top of DeFi.
So that's why this exchange, the DEX and the staking is so important for me
because it allows me to deliver really cool functionality for non-crypto natives.
So just like Revolut built a new bank in Europe,
we are building something very similar
where we are teaming with banks and
with credit cards etc to deliver an app for users in which they will be able to
earn high yield on their savings in euro or dollars and that will be delivered through a cdp
to have a cdp we'll need the money market. And of course, we need the DEX.
And that's what's being built, right?
But one, you have an app for our users.
And our users, we have millions of users in Southeast Asia, in Africa.
And not to forget France, Paris, the PSG fans, right?
So they'll build different experiences, but fundamentally, they will offer ability to earn
high yield on their savings, to be able to hold and earn yield on MAT token.
Ergo, the stake MAT is so important.
important. They will be able to sell their MAT token for stables to fund a card that
they can use in the store to buy merchandise. And they will benefit from using our apps
and participating in our ecosystem through all kinds of rewards that are tied to our
Paris Saint-Germain merchandise.
Yeah, you were saying MAT rewards, Paris Saint Germain, and we lost you there.
And Paris Saint Germain tickets.
So just like you can have an airline card,
a card that gives you miles,
we will give you sort of mud train miles.
but also are all these experiences that we can get through our brand
sponsorships and i know that patrick talks about that psg is just a start right so we are a block
train that focuses on enabling and working with brands and doing amazing things for their fans
well there are other brands out there that we are working with
that we'll be announcing soon and we'll be able to do amazing things for their fans
but there is this fundamental layer of high yield savings ability to hold mat spend your crypto
using a card that we are we are working on and launching shortly beautiful that's a strong foundation i
think yeah i think patrick's did talk about the card he did talk about these um partnerships now
the thing is you know sometimes i don't know if i'm reading it somewhere or if i remember from
that particular episode of the partner spotlight you know i know, I don't think I asked Petrix,
but I'm going to ask you guys
regarding these partnerships, of course.
Jacob, can you hear Sergio?
No I can't So he stopped at saying
I'm going to ask you about the partnerships
Can you guys give me heart or thumbs up if you can hear me?
Because I'm going to guess what his questions might have been and just answer it.
Look, we've always wanted to do more partnerships.
I don't know which one we will announce next,
but we've been talking to football, soccer teams in Europe,
in UK and Italy, as well in Portugal.
And we hope to be doing something big with one of them very soon.
We've also been talking to non-football teams in USA.
It's actually also football, but the American football.
We've been talking to some NFL teams in USA,
and me being in Miami, I would love to do something soon here.
We've also been talking to non-sports brands so if you look at psg and the ownership
structure for it you will see that the owners of psg own other entities such as qatar airlines
such as some design houses etc so we've been talking to non-sports brands and we've also been talking to automotive brands which we are
like really excited to bring in now all of these companies all of these brands have one fundamental
challenge that they hope that blockchain mud train our applications can solve for them
they have fans around the globe and they struggle to remain in touch
Someone who watches the PSG game on their phone or on their laptop in Vietnam is not
being catered to as well or as much as a French fan in Paris who can go to the stadium and
go to a game and be you know, be right next to
a player and buy a beer and buy merchandise.
So all these brands are trying to figure out how they cater to everyone globally and how
they stay in touch with them.
And it makes sense that blockchain and Web2, Web3 applications can help them do that.
And that is what we are solving for them.
That's why we will have more of these partnerships coming soon.
Jacob, I think it's going to be probably you and I,
because I think that we lost Sergio this for now.