I'm feeling something that's going in the sea I do key eyes, it all looks same I'm just so good, I'm not even kidding, everything's perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect, perfect#
♪ I'm in love, you're in love, you're in love ♪ ♪ I'm in love, you're in love ♪ ♪ I'm in love, you're in love ♪ ♪ I'm in love, I'm in love ♪ ♪ I'm in love, I'm in love ♪ ♪ I'm in love, I'm in love ♪
(singing in foreign language)
Hi Hi everyone, could you help me Hi, I'm very good. Can you? Yeah, hi everyone. Happy to have you here and we are waiting for all our wonderful guest speakers coming
So just keep patient and we will invite all our guests coming in the space and if you come here you can apply for the speaker request and I will pass the mic to you.
Yeah, we have already three speakers here and we are waiting for another two. So all the guests who have already jumped in the space can just open your mic to test the device.
Hey guys, get right here.
Yeah, hi, I'm Gemma. I can't hear you clearly. Right. Thank you.
and add there and add a buff. You can also open your mic to test.
Sure, hi guys, can you give me? Hi, Barry Cleoley. Yeah. Great. Thank you.
Hello, here's Esther, so can I right here me?
Yeah, I can hear you. Hi Esther. Hi Anna. Hi Janna. Welcome to my space. We still
I need to wait for Jennifer right, Barrel. Right. Okay. I need to... DM her.
Actually, I see the mental network has already entered our space at the official account. I don't know if Jenny is using this account. If you are just
If you decide to use your official account, please apply for our speaker and I will pass the question.
Yeah, since the time is going and I will connect contact to another two guests to ask if they are meeting some questions there, but we will just get started now and hi all friends here. Good evening.
Welcome to Web 3 Women Unions Twitter Space Women Builders in Web 3D ViTRAC. This is Barry, one of the founders of Web 3 Women Union. We are excited to have you here and to hear from our incredible guests and from
with which is the management partner from Amber group and as you're here the head of account from the back protocol and Jenny is CMO from the mental network but I think that maybe she made some problems here and
And Jemma is the advisor of self-protocol and also the founding partner of folk ventures. We also have Dai Dai, which is the co-founder of Dudu Finance, that she has some problems with
her network. So maybe I will read some transcripts right before and to all our audience. So before we begin, let's take a moment to quick introduce Web3Wermunium.
Webster Women's Union is a community that includes all webster women. We have our goal, which is to support and inspire more female friends to start their quest in Webster and to build a more inclusive Webster space by formulating an open online
understanding of the female power in the wave of Web 3. So far we have gathered over 500 women in the close-knit community and hosted a series of activities from online Twitter space with wonderful women's speakers.
from different types of industry such as Gen 5, Dolopai and Infer. A lot of these offline events are in Shanghai, you can do a feature and they are coming from all the apps on the 14th January. So in the 23rd we were focusing more
on the formation around the globe. So from February, we will start to host more overseas events and the first step will be being thinkable. So just keep in for us and join our community and also feel free to be in the
So now let's have our accent. Hi, Gemma. Would you please say hello to our team and brief. Have a brief introduction about yourself.
Sure, thanks. Hi, everyone. Thank you for having me. I'm Gemma Shoo. I'm currently based in Sydney, Australia. So as as Berra said before, I'm the advisor at Sulf Protocol, as well as an investor at my own fund.
four conventions. About myself, I've been four time in crypto, mostly investing since early 2017. My portfolio is around 35 to 40 early stage projects. I like to get in at the very early of angel stage.
I've been involved with Seoul for about two years and previously to crypto. I was a founder myself in Web 2 and then even before that I started my career as an investment bank.
at one of Australia's top investment breaks. And I've lived in China, I've lived in Australia, I've actually crossed a lot of Asia, pre-COVID, I spent about seven years living in Asia. Yeah, so that's me.
All right, so thanks for sharing and next we will welcome, yeah, we will welcome
Jenny is not here so let's welcome another excellent woman builder here. Hi Annabelle
Please do a brief introduction. Yeah. Hi guys, my name is Annabelle. I'm a managing partner at Amber Group. We Amber Group was founded in 2017 in Hong Kong, but we recently moved out headquartered to Singapore where I'm based now. We're
digital asset management service provider globally with a focus in the APAC region. Prior to Amber, I first joined crypto back in 2017 at one of the very early dexas called AirSwap, which is one
of the consensus folks and power to that. I actually also started my career at one of the investment banks, but I focused on effects and rates trading in structure products. So happy to be here and I'm excited for our conversation tonight.
Thank you for the intro and it's an honor for us to have you sharing here. And last but not least, welcome Ezir, currently in her early morning to join us.
either UK's, you are free from your attention. Thanks, thanks the host and also thank you for your like invitations. I'm from the ZBAC. The ZBAC is the leading streaming payment protocol funded by SAM in 2021 and the ZBAC protocol is the worst on-chain
other streaming payment part with the tax functions. As for me, I joined the crypto from 2017 and very similar to the other providers. Myself, I'm more active from the secondary market and I'm also to the primary market investors.
and across the Dify and the 90 areas. So, we are very happy to be here to discuss with the friends. Yeah, thanks for all the excellent guests for kindly joining us. And I think all of the members here have very powerful experiences and those
looking forward to know more about you and learning more from you. So hope that all our audience have a brief idea of all our wonderful guests today. Here is a reminder for all the audience. You can come and participate in
our refer at link three and join the campaign on quest three to receive an OAT which is the on-chain agreement token to do a remand of today's activity and the OAT will be
the passport required for participating in our offline events. I will pin both events in the space. So for the secret code, which is the last question on the quest campaign, I will mention it several times in the own space.
So as many of you may know, the web's redifi track is the very critical part of the decentralized web and providing the most frequently services in blockchain applications.
includes a wide range of components from exchanges to derivatives. So the Webster Woman Union research team has recently published a paper on the state of the Webster-Defi landscape and highlighting the key players
trends in this field. I will just ping the research article here and please take a look if you like. So now let me give a brief intro and summary on the key content. So actually the
decentralized finances, most powerful application, built on blockchain technology till now. And we see that in this sector, from the basic technology, whether the payment technology, like what's the feedback protocol,
is doing and also to the exchanges, no matter the centralizing or decentralized exchanges, they are empowering the daily use of Web3 citizens need. And I think the
build on the foundation of Web 3 DeFi track. There are more and more interesting applications here like some option and future protocol and also the protocol included the BUN
which is like the self protocol. So we are very willing to hear more from our audience to know more about the DeFi track and what is the current situation here and what will be the future trends.
Now we have a basic understanding of the Web 3D5 track and let's welcome all our female builders to share more about their projects and how they contribute to their teams. So let's start with
and from the the Amber group. Yeah. I'm sure. So I would say from Amber group's perspective, it's more of a broader digital asset management. So we are involved in both the DeFi and the CFi side. We are
We're one of the largest market makers on centralized exchanges as well as decentralized exchanges such as DUIDX. So I would say we're quite active on both sides. And for me personally, I think I mentioned earlier, I first joined the space working on one of the early
dex portacalls back when I think Uniswap wasn't even around. So definitely have seen de5 space evolve quite a bit over the last four to five years. And I think with the introduction of
a lot of very unchained native ways of solving or bootstrapping liquidity. The space is a lot more mature than what it was back in 2017. And with Amber, what we strive to do is basically be the diger asset
of the management or liquidity provider for whoever that needs it, whether it's CFI or institutional players or the more defy or own chain native folks. And I think what happened in 2022 reminded us a lot of the
deficiencies or defects within the centralized finance space, including bad actor, fraud, etc. That could also be addressed with unchained
protocols or defy solutions. So we're also very bullish on the defy space, but also cognizant that they'll take quite a bit of time to get there, which is why we're very committed
to be one of the service providers to help either be the gateway or be one of the investors or be the co-deaf provider in any way that we can contribute.
Yeah, so I think that Amber Group has already well known about the asset management services you provide and we think that the services you provide is already marked
by the market and hope that you can provide more like market services to the own market. I think that's the one for things you are doing. So thank you for Anna and we will also invite Gemma from the Seoul Protocol
to tell us more about what service during and what self-well do. Yeah. Sure. So, self-particle, I think started back in late 2020 and it's the, you can say, it developed
At its core, it developed a new Ethereum protocol called the Ethereum Standard, ERC3525, which was adopted by the Ethereum Foundation in September this year. What this particular standard is for is really
for bringing traditional financial instruments on shame. It's a semi-fungible token, so SFT, and what it really combines the best of ERC20 and ERC721. The quantitative side of ERC20 and then the more
descriptive features of ERC 721, right? So into this semi-fungible token. So the key use case is, and which is where solvus focus on now, is around financial instruments, particularly traditional debt instruments or bonds. So one of the things
is that in the last bull cycle, there's a DeFi summer. Almost the DeFi projects and use cases was based on over-collateralized lending borrowers. Coming from a tradify background, this becomes very clear that
been over-collateralized is a very inefficient use of capital. So in 21, in start of 2022, under-collateralized lending borrowing took off. So what examples of those projects would be like say maple finance, clear pool,
goldfinch and what solves bond insurance for is precisely doing that, doing these undercollateralized lending borrowers in a very decentralized manner. An example, I'd say a borrower would be people like Mark and Makers,
training firms and then our lenders could be funds looking for yield and exchange exchanges. But the key here is that through the third party partners, custody partners, you know,
has established an end-to-end, quite a well-rounded risk management mechanism so that using the solve bond product, it actually reduces or mitigates
some of the credit risk that has been shown to, you know, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to,#
investing voucher, which is where early-stage investors, rather than getting signing staffs, you can actually get an FT that where the projects that you've invested in, their fundable tokens are locked in that FT, right?
time as you invest, you know, we all programmed in to just invest and lock based on the schedule. So as an investor, I get this NFT from day one. I don't have to worry about, you know, is a team going to give me my tokens on time, you know, all these issues which at the moment
is still very manual. So it becomes an automated way for unlocking, for investing, but also then for investors to subsequently trade on the secondary market if they need early liquidity. So there are some examples of products that can be built on Solve and really it's a
around bringing more tradifying instruments on chain and to do it in a very decentralized manner, in a trustless manner. So often has recently launched an SFT labs which is a more ecosystem play to encourage other people to come
and build on the ERC3525 standard. So yeah, so that's, and my role, you know, my role at mostly itself is as an advisor because of my, I guess, my experience in an industry to really bring more resources and networks, particularly in the, in the institutional
funds market makerside to really help push the bond and many of the financial products. Yeah, so I think it's solved very much at the centre of particularly institutional DeFi.
Yeah, thanks for Jemma's sharing and we think like the what was the same like the self-protecorias focusing on actually self-use a new standard, tolerance standard and actually
So this is the creator of the new token standard. We think that with the bound project, actually the money utilization efficiency can definitely
be improved and we are looking forward to see your new strategies and projects there. Yeah and after Jemma's salary let's invite Azure to share more
about the back protocol. Actually, we know like the back trend is using the new payment technology here and we would like to learn more about the back protocol from you.
Yeah, thank you. I will do the brief intro for the Zebra. The Zebra is the leading stream payment protocol funded by the SAM in 2021, where the worst first on-chain salary streaming payment product was the tax function. It is the oldest, the fact is growing and most
commercialized the complying company in the streaming payment area. Till now have secured like more than 40 million dollars in the funding from the top investor firms including Coinbase, the Circle Venture and OKX. So in terms of like the streaming payment
So I think most of us should like the herd of the money streamings concept before, like which means the menu transfer every second in the flowing stream. And it can increase the capital efficiency and provide the last frequency. So previously we launched the ZBAC pay.
revolutionary application built on the ZEP app protocol. ZEP app pays allows employers to pay their employees using a stablecoin at a very low cost. And so the application has the compliance features and a lot of users to allocate part of their salary to comply
It has been widely accepted and is available tools for the business and especially like the enterprise in the early days like the paid employers. And ZBAC has released the solutions for the ZBAC chain, a streaming payment public chain based on the ZICR
We're also completing our migration from the install on to the BNB chance which can expand our client base. I will also issue the BP20 standard ZNZB K tokens which is somewhere have the streaming payment functions. Specifically, ZB
ZEBAC chain boosts the very strong privacy, protections, hyper and compliance features, and will facilitate the integrations of like flow payment features for more like the Web3 ecosystem applications. And ZEBAC chain will be official launch in the Q3 2023.
Yeah, that is all. Yeah, I'm just wondering if you're like, had some connection problem. Yeah, okay. So thank you for addressing me about the back.
And we are knowing for the bad protocol for a long time. Finally, we can see it to be released in 2023 and that's a wonderful magic illustration.
help to look your own for build a contribution to the online industry. And I see that one of our audience five stars, he or she is just requesting
for the secret. So actually, I will tell you how my audience to speak after all our sharing in the open question part.
actually won't like the emergency like it counts our and so it can't take no
Hello guys. Hi. Can you help me? Hi. Hi 5 star. Can you help me?
Yeah, would you mind to do a brief introduction of yourself? Okay, my question is what's your manifest right now? Are you focused on the community or market? Exchange the products?
I'll show you one of the beauty of the mentor network, right? Right, yes.
Okay, so is there any way Jenny for since I didn't connect to her on tally?
Okay, so um, we just uh, going and um, uh, I think that uh, already the past three.
We have a system problem and a classroom of for them to.
So we would like to listen to our roots. We know more about how they take a look at the role of the Indian country and what the
like his pouring stories they have experienced as a woman builder so it be a forecast you can open up the mask to open up the mask to speak when you're already
I'm not a user, I'm probably with my connection.
Hi all our guests. Could you have me?
Yes, yes, we can hear you, Barrel. It was a bit laggy. So I think we called the last question. Yeah, so I repeat the question again and that would be like we
We are wondering if all the women's speakers can share your experiences with us as women's beauty and
how do you like look at the role of women in webstreet?
Okay, I guess I can share a little bit first and maybe Gemma Oester can jump in whenever. And I think I've said this many different sort of occasions whenever this topic is brought up because gender
disparity is very obvious in this phase in Web 3 and not just unique to Web 3 I think in the traditional finance world where I came from and many other within-tag or tech sectors. So what I've been advocating for and I think with this group
is also advocating for is more female voice, more female representation. I think that will not only encourage more diverse participation in the space so that we can actually grow this into the sort of
the open access to centralized and sort of democratic, demotivized equality or equal access, which is the ethos of Web Through Eocrypto in general. So I think these are the issues
are very important to me, which is why I'm glad to be joining these Twitter spaces or panels to discuss and bring a lot of awareness to this issue. And it's always very heartwarming to be able to speak with a lot of
I don't think my story itself is uniquely inspiring, but I think I've met a lot of excellent women along this path of moving from traditional finance to crypto, either in C5,
out of DeFi space and continued to build in this fast evolving and frankly super volatile, super chaotic space. It's been challenging for sure, but I think regardless of your women or men that the challenges
It's not unique, but I think especially in challenging market times like this in bear markets where we have to remind each other that it's time to focus on building. It's time to be prudent to make sure you can survive through this market cycle and that to make sure
we can come out of this stronger. So, yeah, I guess I'll open this topic here and then I want to see if the fellow speakers will have anything to add. Yeah, look, I might just jump in here. I think I
I concur with everything that Annabel has said, coming from a traditional finance background in investment banking, I was doing mergers and acquisitions. That was probably, in hindsight, probably not as gender balance wasn't actually not as bad as crypto, but definitely
I think Web 3 is, I don't know if it's the worst, but it's definitely up there in terms of a severe gender imbalance. And I think along the way, but I think the good thing about
And this is what I really like about Web 3 is that it's very merit-based because everything is transparent and most stuff is on chain and in fact there's a trend of the anonymous online. So that really takes away as long as your accord, your hard work
working, it's actually probably easier to build in Web 3 than I think in other traditional industries where there's still a level of gender discrimination or even if it's subconsciously
So I think that's one thing which I think some overlooked is that even though there are fewer females in web 3, I think overall it's actually a more meritocratic space to building. And I think
particularly to be honest, I think in terms of the NFTs, if you look at some of the top artists and NFTs, right? Even if anything, I think NFTs as a vertical or has probably better gender balance than, say, defile infrastructure.
invest mostly in defying infrastructure, it's extremely rare to see a building in particular, women builders. So I do encourage and I always encourage people from traditional finance who are looking to leave, particularly
I think it's, you know, essentially everyone's studying on the same level playing field, you know, you know, you're not going to be able to do that.
If you put everything perspective, so I do think that there are a lot of opportunities for everyone, no men and women. It's a great place to build in and a great time to build in, particularly this year, bare markets is the best time to build.
Yeah, right. Actually, I can't agree more about the animals and the jammers serving actually. I think YouTube has already mentioned many points. The defy actually decentralized finances already a revolution to compare
to the traditional web to finance. And I think that this euro is four opportunities and especially in this year, from this year like 2023, actually we know that
the global market and especially the crypto market is already going into diving into the Bell market. So actually it's a good time to build and YouTube are already like inspiring as and
telling us to keep going and keep building in this market in this time. So, and we also like invite Azure to share more about this topic to us.
Thank you. So I really resonate with the Annabelle and the general. So in the Web 3 areas, it provides more equal opportunity, like to the families, like on this page, to participants, especially like the comparison with the traditional finance and the traditional Web 2 companies. Yeah, I also have
like the experience in those two areas and I feel like the the female likes discrimination also like exists in the in this area in this special like the one you are going out for like if we want to be the senior leadership like the at some stage
And I think like that I can provide some suggestion for the women who want to like grow herself. So I think the first one is you should like the blame yourself and the abilities. It can be very easy to daughter yourself. I feel like you don't belong in the in the mental immunos she liked like the like the web3 by this
It is very important to remember that you can't just be as much as likely to contribute and offer as anyone else. You can be like investor, the builder, or the developer, or any types of roles you want to be. And you also have the opportunity to grow into the leaders and the leadership's abilities you want to have.
And the second one I think is like don't be afraid to speak up and advocate for yourself. It's very important to be proactive and advocate for your own voice and also your career goals. And don't be afraid to speak up and share your ideas and opinions. And don't be afraid to ask for help and what you...
from the others. And for example, I usually like to observe, like when asked, when the acts by the same request or like asking for the promotions from the postman, the female, I feel like the man usually like to ask when they have like the six
percent of the confidence and for the for the female, we usually like to say acts when we have like the over 100 percent lack confidence. So I feel like it will also impact the up to opportunities like the women's who can like the unhave like the inner future.
So I would suggest like to be both and be proactive. Sometimes like the leadership is just the perceptions and you need to like make up for yourself. And the third one is you can find a mentor or the role model and so that you can like learn from her and also from her partner.
from their behavior and got some guidance and I think it will be like the very encouraging and inspiring for the young female who would love to be the leader and the first one you should like the surrounding cell with very supportive people like in Kutley
your family and your colleague and also the areas like the Web 3. And you should like for all the other like the WU and all the people like you can learn from the JAMA or the NFL. So I think that is the general like this suggestion. I would provide and my overall feelings here.
part of the sharing of Azure. I have some connection problems that's not so but I think that Azure has already provided a kind and detailed advice to all
women who are entering into the web3 industry and also who are seeking for some grow opportunities growing opportunities in this industry. So that's a one for like
here. And all our prepared questions are already being offered and we think it's time for us to analyze the activity we prepared.
So we prepared an OAT activity for this space day in the Quest Relink. Everyone, you can like, enter into it and you will see the last question is about
The cyber girls secret code, the code would be 2023, WWU. So if you enter the code and you can claim your
OAT right now. And beside of that question we will also open our space to our audience. If you have any questions you can ask
And I think that all our women speakers will be willing to share more.
Also, I received some messages from our Chinese audience, so I will repeat the secret code activity for them in Chinese. So, parliament,
In the link 3, we set a WT-flare activity. In the link 3, you can see the last problem is to fill the secret code.
This is a function of a system that can be used for a free space.
So let's go back to all the questions we have and actually I received a question from our community. So people are asking like recently more and more like innovative if I have asked
So, um, that's a song about the program, uh, Craig, Michael, and also the derogate, uh, protest bike option and the future parade bike. Um, that's really about the track.
of PYN and IPN or more. So, we'll have to work first for further all of these innovative products like the women's speakers who are looking
how you look at these innovative products here. And I think that for Amber, Amber providing some asset management services and many of your services may be getting some profit by
trading. So I think this innovative like products are also new like information and products for you group and we would like to learn more about like your insights for this part. Yeah. Yeah, sure. So I would say a lot of
the DeFi innovation leveraged some of the similar ideas from traditional finance, especially when it comes to structural products. They are leveraging these on-chain DeFi vaults. So a lot of the DeFi
the root of space is focused either on the futures swaps or option based products. And then as a derivative of that, there's also option based vaults. They're very similar to structure products in the tutors of finance or to see vice-based. So at Amber Group, we actually
with a bit more focused on providing structural products through trading options both in the CFI side and the DeFi side. But frankly speaking, most liquidity in the volumes told coming from the centralized exchanges, like Deribit at the moment, versus maybe purely
own change, just given some of the liquidity constraints, collateral management constraints that still exist. But like I said before, I think we've come a long way, especially if you look at just the spot market from how the DEX, the spot DEX's were behaving before, the
before which is not even close to maybe a tenth of the largest CFI exchanges to now uniswap trading multiples of where we were before and closer, much closer to Coimbe's
But I think on the derivative side, there's still a lot more, a lot more that needs to be caught up on within the DeFi side. And I know a lot of developers and protocols are working to solve that. But some of these innovation mentioned, for example,
the structural products of the on-chain vaults. The retail use is still quite limited because essentially users are earning premium or earning yield through selling volatility in
So right now, I'll give him where volatility is at now. I've actually quite low at the moment since the price is not moving. Then the yield doesn't look as attractive and it's usually requiring 100% pre-fund. So from the institutional participation point of view, it's not
us attractive, it's not as capital efficient. So right now it hasn't really captured the right audience at the moment in my personal opinion. So I think a lot of us are working to address that and what Amber Group is doing is leveraging both the CFI and the DFI
liquidity and the trading activity to package products to offer it to our end users, I don't know, institutional clients or to hire now with individual clients altogether. So they don't need to know a lot the complexities that are behind these
products, however we source that liquidity or the volatility from. And I think a lot of the other protocols are also building something similar in that regard. And we'll be interesting to see where this space evolves into, hopefully when the market activity picks up a lot from here.
Yeah, thanks for an usuring about the the the truth of the situation here and we think like we are also like looking at the trends in the past like two or three months we see a lot of like problems
have made by the centralized institutions and like the defy decentralized exchanges are many like has all many more like attention and also from the data we can also see the
TVO and the transaction amount has already changed a lot has already like ingress a lot so thanks for the sharing and We think like the for the past questions also like Gemma may have some
Some two two jammers has something to say about the last question since the last question mentioned the innovative like products No matter including the bond product or the disruptive product Actually, they are very like new to the web three market
but actually not that new to the web 2 traditional finance. And would you like to think there are some like travel or problems when you are going to the market doing have to have met some like
some problems when you are opening the market. Sure, I think Annabelle covered it pretty well in terms of what is lacking in the market. The only thing I like to add is absolutely, I think, decentralized options are still very early stage. The other
main one that I see could potentially be sort of a bigger vertical or potentially one of the focus points for the next ball cycle is the credit space because without proper credit it's very hard to do under-collectualized lending borrowing.
which is essentially what drives a lot of the activity in traditional finance. And that, and in fact, proper credit management or credit risk analysis is what has been lacking. And what I would say is probably one of the main causes of what
happened in 2022, other than fraud and other than all these bad actors, it's really the lack of analyzing the credit risk of your counterparty that has led to many of the crashes and the fallout of
of last year. So I think for that, this decentralized credit and being able to assess a borrowers credit risk on chain, using on chain methods is probably a good vertical for
the next cycle and that's also something and that this is the retires into identity as well, right? This ties into some adjacent markets that you know KYC that is yet to really take off in decentralized space. And so from a you know from Golding Market perspective, yes,
In a traditional market, the debt market, which is a sub-set of debt, the debt market is many times bigger than the equity market. But in D5, I think only
It's still very much spot trading as well as a lot of the action is. Bond, issuing debt, and a collateralized debt at the moment is probably very difficult at the moment because given what has just happened a few months ago.
will take time to recover. Probably in the end of this year, maybe next year, but you will take time. But I think when it does recover and it will recover with better credit infrastructure, with better KYC infrastructure, I think then that positions this particular vertical
to a much more sustainable and healthy future. So, yes, so in summary, yes, it was in the short term, you know, credit, and a collateralized blending borrowing is difficult, but I'm very optimistic of that in sort of the medium to long term.
I think the most important question the Chairman has already mentioned is the credit problem defies facing and actually when we look back to the traditional finance area, the credit is also
is always a very important component for the composition of the strategies. So we think that credit questions,
request, required questions if it has been solved, then no matter the leading protocol or the leading protocol or the like a bound project, they can also be benefit. They have like some band
artificial information from that innovation. So we also want to hear more from Azure. Actually, we know like the the back protocol has already do some creation on the payment technology and
Recently, I see that the bank has already jumped out of only the source. It has already been served like the protocols on finance,
So we would like to listen more from you to know more about what the creation and what the influence on the DD-backed trend will contribute to.
Yeah, thank you. So the ZBAC as we mentioned, like do a provider streaming payment like the solutions in the crypto words, it can help the enterprise to better distribute their payroll to their employees. And employees can get like the high efficiency like
the payment by using, by getting the pay by the ZBAC. And so previously, about like the one third of the Salaana project used the ZBAC system to pay the salaries and over like the $5,000 to $250 projects was like the building
the ZBAC, like creating a larger ecosystem on this, Solana Chense. So the early use base of our protocols have already reached like 30K and the TBL has exceeded like 300 million. And in the 2022, we plan to, like, we already
they're like to release the solutions for the Zepak chain, a streaming payment public chain based on the Zekero app. And we also have our like the own compliance features and the like the privacy protections in the in the future, in our like the Zepak chain and
our solutions in the BNB chain. And so like the inner futures in terms of like the M.A. structures, we will also like to continue to expand the to like to acquire like the 5 to 10 companies like the inner futures. And we also like to actively working
own collaborating with other projects to have the more clients using this streaming shipping payment. In 2022, we already re-enacted a ship like the 20 million revenue like the brand 2x226 million that profit
the other ecosystems and expected to reach 40 to 50 million in revenue within one year. And we also planned to launch our own stablecoin boom, our revenue original 100 million. And so in the future, our current like the partners including
the include ARB, Sack Chrony, like Merrill World and Travers like Riverbunny and also from our like for example through our collaborations with Riverbunny we have directly collaborated with the Monet 1000 well-to-end price including
eBay, Alibaba, travel, and booking.com, so creating the more like the streaming company's profits. So I'm very excited about like the innovations and the future plan, and the future plan that they're back and like the more impact we created in the future.
Thank you for the interview and we think that all the women's speakers here has already completely and detailedly announced the question
our community has already mentioned. So again, any questions from the floor? If you want to ask any questions, you can apply for the speaker. Yeah.
And by the time I will also mention again for our quest3 activity, you can like
entering the Quasery link into our Quasery space and here we prepared a gift for all our audience here in the space. You can use
with the secret code and the secret code would be 2023, that's the secret code so when you enter the in and you can make the OAT.
Yeah, we are very honored. We feel very honored to have all our speakers here to do a showering and we also be very
It's a little bit more complicated.
and this today's activity in 10 minutes since it's already last for one hour.
Again, thanks for all our women female beauties here and all the audience who are listening to us today. We will like
We will pause a music and after the end of the music we will end this space.
I knew that I would win But one right away, all right away And after a side of energy, I'm sorry
I saw that I've been trying to do it! When I was a little bit above, I couldn't live as I was. I was so bad! So bad!
I'm trying to be a universe as we shine in my life We're like diamonds and diamonds