♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪#
♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪#
Alright GM Fox, welcome to our enlightening Twitter space, title decentralizing the money market and in depth dive into V5. Today we are privileged to host Pranjil Prasher, the dynamic CEO and founder of V5. The trail please
decentralized money market protocol that's redefining how we invest in digital assets. So guys get right to delve into a stimulating conversation that Demystifies DeFi, dies into VFIs unique model and explores the opportunity that it presents.
My name is Saloni Jain and I had the content and marketing at Dao Struct which is an all in one platform for users to discover, invest and participate in over 10,000 Dao's. So guys do follow us to remain updated about this entire ecosystem as we keep hosting some online
using Krillin mines, talking about DeFi, talking about Wi-Fi, this entire battery ecosystem. Without further ado, let's get this started. Welcome, Franjil. It's a pleasure to have you with us today. How are we doing? Hey, thank you, Saloni. Please, to be
So right on this part is we just start by understanding your journey into the Web3 ecosystem and then what was the inspiration and creation behind Wi-Fi and then secondly why did you choose it to be as a decentralized model to begin with?
So I have been a tech entrepreneur for over a decade now. I started my career as a normal web to information security consultant. From there I started my first company which was into hardware space, got an opportunity to
exit that firm and get into SAS. So that was my second venture. While buildings as all of us were keeping a closed tab on what is happening in the cryptocurrency industry. So as an innovator, as an innovator,
investor I had a opportunity to experiment with farming, mining, some small investment in individual capacities, also experimented with a small hedge fund back in 2021 and that's when
Then we decided to take a deeper interest in DeFi where we found some gaps, some opportunities where none of the decentralized money market protocols were offering some solutions. So then we decided to take a deeper look into the problem
and build something up with it. So that has been a major need to this space.
I am assuming the ecosystem involved, the ecosystem involved, people started to understand you already, if there's a decentralized system, there could be a decentralized finance of course. And I think that's when you guys also start. So how long has been the inception of V5 been talking in terms of the year for that matter? How long has it been so far?
So, we started experimenting around the problem statement sometime around November, December 2021. So, it's been over I think close to 17, 18 months since we started looking at the problem. Of course, everything had changed from problem
statement to solution in our overall positioning. But yeah, that's when we started taking a deeper look around under politicalization or lending borrowing markets. And over a period of time, it has evolved drastically. Lovely, lovely. So when it was started, I mean, do you want to talk about the advantages of
decentralized money market to someone who is a new car in the DeFi, to consider me as a newbie and I want to understand DeFi and also I want to understand ReFi. So let's just talk in layman's turn about what ReFi has to offer and how we take this, you know, the DeFi decentralized finance app.
So, in a simpler term, I will say DeFi is nothing but replication of whatever is happening in a traditional finance, trade-fi ecosystem in a permissionless manner, where the control or decision making is not with a person
or with a particular company or with a particular set of people, it is with smart contracts. So, even in traditional finance world, even today you can go ahead and deposit your gold in a bank and take loan against it, right. But in that entire process,
The person who is dealing on behalf of banks or certain policies by the particular bank you are dealing with, they are the decision makers, they decide how much value you get. Whether even you get loan or not, so there are so many aspects around KYC documentation,
you know, credit scores and all other things. DeFi is a simpler way of this. Imagine the entire same gold own scenario or a lending borrow in scenario, but without involvement of any humans or any individual person in the decision making.
So, that is the most crude way to put it. And of course, whatever happens in a trade file that is much more evolved and there are so many different use cases. In D5, we have just scratched the surface and maybe we have implemented one or two or three of those use cases. So, probably
period of next 10 or 20 years, you will see that more and more use cases are being implemented in a decentralized and a permissionless manner. So, V5 as our scope or our scope of work in a decentralized finance arena,
that revolves around undercolatized loan. So think of us as a replacement of car loan or a home loan model in a permissionless and decentralized ecosystem. So today if you have to buy a car or a home,
can borrow from bank up to 5x66 of your own contribution right you can put 20% from your savings and remaining 80% you can take from bank. Same example if you have to buy a bitcoin or if you have to buy let us say 10 ethereum. So the same ecosystem or the same
benefit we are offering in a pervitionless manner. That is the undercolatilized part of our use case. Of course, that is the base tech stack and there are much wider use cases of undercolatilized loans like leverage trade is one of them, leverage farm is one of them, leverage taking is another.
We are enabling these use cases in a permissionless and a trustless manner. Okay, so I'm going to go off-beat with what the parents are of questionnaires because that's kind of just introvert me to a bit when you're talking about you know saying it's a permissionless system and also the fact that there are no K-1C protocols. I mean I come from over to background now.
that they knew being to the best they were. So in a web to visual finance system what happens is that they do a KYC because they have to know their customer right before providing them with the loan and they have to assist their credit scores, their scores because they are capable of repaying it or not. So how does that all of this entire system fits into the decentralized
area when in terms of not talking about there's no KYC we're calling it a permissionless system. So I'm kind of you know just in a hazy, ignoring thingy would exactly to be mean by that. Okay, so again like I said we're all used to the traditional finance system and decentralized finance of course cause revolution but how exactly are we talking about it? Sure.
So, you need credit score only when you have to give credit where the risk is assumed by some third party, right. Imagine somebody comes and says that here is gold worth $100 and you give me
loan against it for 60 or 70 dollars. Probably your KYC requirement will be much lower than what you need if somebody is you know asking for money without giving any external collateral assets right. So, there are different different risk approach. So, what we are doing
or what we are solving is under collateralized loans and the way it works is your user's contribution is always going to be less than what that person is going to borrow from the protocol. So there are three different ways to do it. The first one is you go ahead and do a credit check
right based on the wallet, his free credibility and all other things that is the traditional web to approach which we have not taken right. So that is one sorted way of doing it. The second approach is you do a loan but you give loan in a world guarded setup. So that means
you invite them to take loan but whatever loan they you know wherever they are going to use that low you know borrowed amount that becomes your collateral that's exactly what happens in a home loan scenario right home loan you put 20% remaining 80% you it comes from the bank
But that money you cannot withdraw and spend on anything else. You can use that 80% of the money to buy a house and that purchase the house becomes the collateral for the bank. So the back of the bank which is the lender, your asset or your loan is always over collateralized.
So that's exactly the same approach what we have taken for risk.
Gotcha, that makes all the sense now. So understand that of course, the utility based token that Wi-Fi also has. Do you want to walk me through what exactly are the utilities of holding a Wi-Fi token for its users? Sure. So any decentralized system, one of the core reasons
build such economy is let people own it, it should not be another company building a product and running it in a centralized manner. So, V5 is our governance token which is being used to take all the decisions around. Once company reaches product market, fit and
in maturity then the governance seasons around what all market we should operate how the interest rate model should change what all token we should list right what type of direction we should take in terms of our growth, community and expenses everything is driven by the governance
is decision and this V phi token is the governance token part of it which decides who votes on what right. So and that is the typical model what compound or Aave has been following for a while. So we are following the same methodology on that front.
So can I safely say that Wi-Fi is also a dow in that case or just a parallel assumption? So we have not announced the dow yet but we are moving towards a decentralized organization. So if not today then probably in coming weeks or months you will see that we transition to a dow.
Absolutely, I think that's going to be the way forward. So given the fact that V5 is grown in terms of its community, in terms of its users, there are a lot of resources that goes behind it. So what we threw your, give me a brief introduction about your code stream and their background in D5 maybe.
So we have a season team, people who have been in the industry for a while. The team is led by me and then we have someone in marketing and community, those who have been part of ecosystem for more than five years. We have partnership, people in partnership, those who
have led partnerships for some older SaaS companies and at a much larger scale. Tech team has seasoned professionals, those who have built and scaled very scalable large solutions. They have been in solidarity for the last couple of years. So it's a small, lean and very efficient team of people.
people who come with a lot of expertise and experience in Web 2 plus Web 3. So, these are the people who have built businesses, real businesses with revenue, profitability and they understand the complexities of running a normal business as well. So, it is not just an aspect
rational or a fresh out of college team trying to build something. These are the same sort of people who have built and scaled other companies in past. Lovely, lovely. I think it's no longer about the quantity, but about the quality of people that takes to build a team and take it forward. Of course.
So talking about your target audience and your discord communities, do you want to tell me what is your user persona and then also talking about the discord communities just swap me through by the fact that how frequently do you guys publish about your updates product updates team update etc etc.
Yeah, so we are still in the early days of our community growth. We are still figuring out the right blueprints. We have a community on Discord. I think we have around 2021,000 people on Discord. We have just started deeply engaging community members there. We have some seasonal channels.
We have some support channels there. In terms of product update, we are not doing it very frequently, but the idea is to move forward with one large roadmap for the quarter. So, probably we will go ahead and release the plan for the entire sprint, which will
which will cover the next milestone and and then you know achieve it till the time we figure out the next growth plan. So a sprint by sprint plan around product that's what we are planning to release not just on discord and telegram comaties but also on our web
website and in all our open documentation. We also want people to build on top of our existing APIs which will be releasing very soon. So it's also more important that people understand what exactly are the road maps and what are the possibilities around the overall ecosystem we are building.
Sure, so what are you talking about? The challenge is, you faced a right from the inception in terms of how to navigate the decentralized arena and also acquiring users because not many of the people are aware about defile, let alone battery for that.
So user acquisition of course is one challenge that I think is plaguing the entire ecosystem because of lack of education. Having said that, what were the challenges when you started up and what are the present challenges and how you maneuver through it? Right. So I come from web to background with
almost seven, eight years experience of building two companies in past in Web 2 and there the life and credibility is much more sorted right. The biggest challenge in Web 3 even today it is by spending more than 1.5 years actively building companies is you find very few people with good integrity and intent. Everybody is
looking for short terms. For lack of a better word I would say there are a lot of scammers in white color here also. In form of various businesses, beat launch pads, beat funds, beat market makers, beat
exchanges every but you know if you go slightly deeper into it it's difficult to trust in such an environment and I think I don't have unfortunately we don't have a solution to that yet we are still struggling we are still learning we are still you know coming across these people and there is no single
single blueprint or a way to navigate these people. These are white colors, scammers everywhere. So, and if they come in various shapes and forms, I would not name anyone, but that's the biggest challenge. Identifying the right people out of these so many
white girl call risk cameras.
I caught him with this entire ecosystem process. Moving ahead, I think you did not really still answer my question about the user acquisition. How do you, of course, we understand that it's very difficult to trust people in this environment because it's all virtual, it's all decentralized. Yet, of course, we see these scammers in your terms, the white
a scan with it. So, I mean dealing with all of it and acquiring a user base, I mean what are your methodologies to kind of acquire it is what I am actually looking at. So, see I think user acquisition is still not a large problem that can still be done with the right product, the right content.
Once you are able to identify your target persona, then it is not that difficult. And in different phases of our life, different methodologies have worked. So for example, when we started the community at that point of time, we wanted people to just know about us and we wanted people
who just hold any crypto to come and be part of our 10gb. So we did some campaign last year, I think sometime around April, May, June and we got good audience on Telegram. Similarly, when we launched our testnet on polygon, we wanted people who were holding polygon wallets to try out our product and we again ran out
campaign I think grew three and a couple of other platforms and then we got that audience. So, I think in different phases of our life and in journey we are able to run some campaigns or you know talk to or reach out to the right set of audience in some form and communicate what we are saying and as long as that might
messages relevant to them, those people come of course, the again the quantity of genuine people or people who come with the right mindset and quality that number is very low but that is still fine. I mean even if you are able to invite let us say 10,000 people and out of that you get 1000
very relevant, you know, super relevant people that is good enough. So, and whatever was working last year is not working this year. So, whatever was working in January this year is no longer valid in June. So, it is very, you know, fast evolving mindset and I think
That's a if you talk to anyone with marketing background or community background, they will say the same thing whatever method logies or Channels were working a couple of months ago that gets obsolete very fast But yeah, a couple of things are never too old for example email
your blogs, your communication on established platforms, your even your own brand website, right? So all these things are never too old. Even all web2 methodologies of reaching out to new audience still works even in web3 in this crowded space.
This entire environment is so dynamic. One thing works for one day and the next day you do the same and you have zero results. So I think it's constantly evolving, constantly changing, absolutely dynamic environment. And I think there also gives this market to us and content makers a chance to step up onto our toes and
constantly figure out what might work best right now and also as a critic that if this is not working today what are the chances of it working tomorrow? Sure, I love the time, the kind of evolution this entire environment presents and it's pretty challenging yet actually very, very, very fun. And of course the kind of
marketing tactics we deploy in the Web 3 environment talking from blogs to newsletters to coal callings to emails to websites. Of course, they are there, but I think in Web 3 as well as I've observed in my few years of experience, discord and telegram of course from the basis of this and dialogue communication with the Web 3 audience
along with Twitter because I think that's where the entire audience lay. So moving ahead from here, Franciel, we recently read about your partnership with the ZK sync. I'm not sure if I'm pronouncing it correct. Do you want to talk about it? What are the, you know, the partnership like what are the updates we can expect after the collaboration?
Sure. So as a D5 protocol, our one of the four key pillars is Omni chain approach. So that means we are not going to be one chain agnostic. So our users, despite holding token on any particular chain, will be able to
to leverage opportunities on other chains as well. So as a part of that, we launched our first main net on polygon for alpha users with vitalisting. But now we are moving forward and adding more chains. And ZK sync is one of the, you know,
in chains where a lot of DeFi users are moving and we are seeing good traction there. So that's one of the partnerships. So our test net will be probably live within a by end of this week on ZKISING. So users can start trying out the solution whatever we have built in this version of our leverage
and ZK sync is not the only chain you will see probably over next few weeks there will be more announcements. Lovely looking forward to all of this franchise. So as I understand with your information right now that V5 of course is a multi chain token. So as you know how can the
for v5 to another chain without actually leaving the protocol. I'm sure you did answer bits of it but I just want to go into the depth of it. Yeah, so the only chain narrative we are going ahead with that has one key assumption that users should be able to transact
across different chains without using bridge. And what we have done is we have minted our own governance token Wi-Fi token on OFT standard which is by layer 0. So that is the framework we are using for our cross
messaging. So we have a bridge which has been implemented using layer 0 framework and you can go ahead and you can transfer your tokens from polygon to ethereum or on Binance or on arbitrum. The four chains we have been able in this current phase and we will be adding more
very soon. So that's the whole framework we have adopted and our adoption around layer 0 is not just limited to our own token but we are also creating all other only chain use cases like cross chain lending borrowing or deployment using the same standard.
So you know the best part about hosting such spaces, Pranchal here is that I get to talk to such brilliant minds and the ecosystem, such as yourself and also kind of understand that the marketing that we do in Web 2, we are with marketing that we do in Web 3. It's pretty much similar because I'm talking about only
only trade, you know, utilization. So in e-commerce we have only to essentially be that you're present everywhere. And the seamless integration and, you know, where vaccines can actually, the interoperability, it offers to use us actually makes it much more seamless, of course. Right.
Having said that, we talk about, let's move on ahead to the TVL aspect. Obviously, no, the TVL is one of the important factors that shows investor sentiments towards a particular token, of course. So do you want to talk about the TVL of V-Fire on various platforms?
So, so far we are on alpha where there are registered users who can access and deploy their tokens in our protocol. We have we had around 200, 220k in TVL total I think just one or a couple of days ago.
That's still in the private alpha where number of users using that solution is limited. But we are coming up with the insurance of our protocol and we will be releasing our beta public beta. That's where majority of public will be able to use our protocol and
that's when we expect the TV to grow significantly. Lovely, sure. So in all this scenario, Pranjil, how does the market conditions impact the interest competition in the Wi-Fi money market?
So, again that is one area where we are also trying to understand the behavior, it just that it has been very short while since we have gone live and we have limited data point. But yeah, there is a direct correlation
of TVL and everything with the price of it coins so far. That's what we are seeing. The moment prices goes up, we see more and more participation from the market everywhere. We need our lending pools where users are depositing their USD
the CUSDT or even on our LP tokens or on our token price, everywhere we see active participation. It's somewhere linked with the prices and sentiment. I still don't have the final blueprint ready
yet but we are still learning everyday.
about how they are revolutionizing this entire DFI ecosystem. So guys do give them a follow to remain updated and of course we at DOWSTRAC we constantly host such amazing Twitter space news with some brilliant minds in this entire ecosystem to do followers to remain updated and enjoy this enlightening conversation. Moving ahead
Transyl. Obviously we did not talk about it. We are talking about some of the, you know, make me understand or rather tell me about the success stories of systems, industrialized applications or ordinary users that have actually incorporated V5.
I think one of the simplest use cases we are seeing where people are normal people are able to use V5 is imagine you are holding USDC, USDT or our own V5 token you can go ahead and deposit
it in our vaults, single us at vaults and on interest. So think of it like a saving account. The concept of saving account is well known to people in developing countries where they just park their surplus capital.
and you are able to earn interest without doing anything right you don't have to lock it you can withdraw it anytime you want and for the period you have kept that amount you earn interest so I think that's the most simplistic form of pools we have been
able to create and there we are seeing people depositing even smaller amounts like 50 or 100 dollars we are seeing large deployments also where 10,000 dollars is being deployed but that's the most simplistic and basic example of adoption we are seeing.
So, you know, this got me intrigued enough again from, so you need to talk about, you obviously through a padricks between traditional financing terms, the saving accounts or the FD system that we have is 7.1%. So, I know that in an FD international financial system, I can just lock in my money for about two years on interest of time.
different use case here but what we are offering is equivalent to a saving normal bank account where you earn 4% or a 3% type of interest where you don't worry about the lock in, you can withdraw your fund any day you want, any movement, there is no condition.
But yeah, coming back to the technical part of your question, if you had, if you have to create an ecosystem like fixed deposits, people do that in a fixed term or locked staking form. So, where you lock your token for a while and then you earn interest on completion of that period.
So right now we don't have any logged pools or loggeds taking pools as of now. What we are doing is we are keeping it liquid so that if anybody wants to withdraw and they want to sell or they want to deploy it somewhere else, they are not restricted around that.
Sure, so having said that, I mean, what are the risks and benefits for a user to, you know, who chooses to borrow and invest using V5? A part, V part is if they do so and how is your platform different to the other T5 platform so it is in the SQL system?
So, I think differentiation we have talked about around under collateralization or only chain approach or the way we are managing our credit and the risk. So, those are the key differentiation, the kind of use cases we are able to offer. Those are the key differentiation from
from that perspective. The first part of your question was key benefits. Yes, risks and benefits. Yes, risk and benefit for borrowers and lenders. So, since we are a permissionless protocol, of course, there is some risk associated with this
contracts if there is any issue or a bug or a vulnerability which is there in the code that can be exported that means the largest risk for any defy protocol and I think there are, you will not find a single weak when you know there are no news of protocols being
So, it is a everyday phenomena in D5. So, that is remains the largest risk and to counter that what we are doing is we are coming up with an insurance module. So, if there is any vulnerability right now we are working with a partner, at the right time we will now start as well. But we are working with a partner where the protocol is being insured against any vulnerability.
Again, it is limited to certain TVL, but the money logged in the protocol if there is any vulnerability or a hack, then it will be insured and the users can claim their money in case of any exploitation of the protocol. So that is the risk part. The reward is you have a very similar
way of deploying your capital as an end user, as a defi user where you can earn interest without committing any large amount. So you can deposit your money for single day, you can withdraw it in the evening also. There is no restriction on it. That's the lender
side, borrower side we have certain use cases which are very relevant for hedge funds and professional defy traders and those benefits are in different forms. For example, one of the key benefits is
So, you can do leverage sticking. So, that means, you take loan and buy the theorem, but at the same time you can use that a theorem for liquid sticking and on 4 or 5 percent of additional sticking return. So, these type of course, there are risk associated with it and we do not incur
There is people to try it without understanding the risk in depth. But those who are already aware about the risk associated with liquid sticking and let's say farming, impermanent loss now, they will be able to do much more than what they are doing currently with the existing protocols.
So we want to learn interest loans and staking. Do you want to discuss the future plans of V5 to introduce taking as you mentioned earlier the steps and how do you plan to introduce the timeline and other asset utilizations to reduce the loan interest rates as well?
So, leverage taking is something we are excited about and that is going to be one key feature of our upcoming version. So, the idea is people anyways trade, if you believe in let us say, Mattec or Ethereum or even Bitcoin, people do convert their USD/USDT.
you are take loan to buy it or they do margin trade right. So what will be nibbling in the back end would be an integration of existing leverage trade with this taking modules so that let's say for 10, 15 days or 30 days if you're planning to hold Ethereum you will not just be plain holding it.
you will be holding it and then you will be putting it in a taking platform where you will earn some interest on top of it. So that's one key example. It's very unique on none of the protocols, especially the money market protocols have enabled these use cases.
Of course, it comes with certain risk associated with it, but we are working with the right partners to enable these use cases. So of course, I do understand that V5 is actually causing the revolution or the investors all across the globe. So in that case, what is the average ROI on by traders?
So, what we are offering is a platform right and strategies we expect users to create their own strategies and implement it on our platform right. So, there is no fixed ROI as such because these strategies can
very person to person. But yeah, this is the first step where we have created the infrastructure and now we are inviting right set of partners to come and build the strategies as well with us. So, maybe in future you will see use cases where we have some pre-built strategies, you know,
know being run by some community members and people will be able to you know follow them. But yeah, in normal scenario if you look at normal margin trade model then in terms of what interests these other platforms are charging I think the value is significantly
higher compared to all other existing money markets. Gotcha, I think I missed this question earlier during the flow of a conversation. Also wanted to understand that how does Wi-Fi ensures liquidity in its system through various means and processes?
So that's something that's something I was talking about around insurance model. You asked about ensuring liquidity or insurance. Yes, both of it. Now that we talked about it, let's ask both the aspect. Okay. Yeah. So, insurances are different.
It is through a third party where they are working very closely with us and they are creating pool where the money is insured up to certain amount and based on certain conditions once we meet that then the insurance goes live. So that is the insurance. Ensuring that we have enough liquidity in our ecosystem or in our
protocol. So, once all the infrastructure elements are at place including the insurance, then we are inviting OTC desk, we are inviting exchanges, we are inviting traders to park their surplus capital and of course, with the saving account type of
everybody has incentive to park their money with us so that it can be used for further generating income for them. So if you are parking your USD/DC with us, I think right now the reward is around 20% APR so that means higher than 1.5% per month.
just to keep your stables and there is no lock-in so it's a win-win for everyone. So we have programs, LP mining program where we are incentivizing users to deposit their liquidity with us and they own additional Wi-Fi tokens which is our government's token by providing that liquidity.
I think that's completely phenomenal, Prancher. I just have a couple of more questions before we conclude this space. I understand that you guys probably might have a big announcement.
schedule for the upcoming weeks, do you want to make the chance to surprise the attendees with any announcement that you might have to do in the upcoming week or in a couple of weeks time?
So, we are in pre-product launch phase. So, you will see lot of announcement around key partnership including blockchains including decentralized exchanges or you know other AMM protocols. You will see some announcement around
new records being introduced in the ecosystem. You will see some announcements around some community initiatives as well. But yeah, since we have to deliver the product over the next few weeks time, it is the first version of it. So you will see multiple announcements around L1, Dexys or
to share with everyone out here and of course with the newbies as well as the experts and the nobies in respect to which you know this thing out there on whatever the level of expertise is what is that one primary advice would like to give it to them. Sure so I get approved by a lot of friends and
colleagues from Web2Space who asked similar question or who show pursuing intent or interest in this space. So I tell them just one simple thing. This is something you cannot just read and understand and appreciate. It's if defies something you have to try it out and unless you
try it out, you will never be able to appreciate the beauty and complexities of it. So, instead of just trying to understand it, start with a, you know, $10, $20, $50, instead of try out protocols which has been there in market, understand how AMM works, understand how over-culturalized lending works.
understand how a margin trade is working in a permissionless manner and these things can be done to understand in a deeper way. So rather than just reading it or listening or just trusting my words, I would invite people to just try it out with your own hand and understand the beauty of it.
I hope you guys enjoyed this fascinating conversation about B5. A special thanks to you on behalf of Star Wars Structur, for sharing your valuable insights and also deepening and understanding of the decentralized money
Guys, we have traversed through the unique offerings of V5, explored the intercases of V5 and also examined the potential that they carry for the future of D5. So guys, as we continue to observe and participate in this groundbreaking sphere of financial innovation, let's keep this conversation going.
Do follow up, Pranjul and Wi-Fi with Twitter accounts and also Dastrugs Twitter account for some more engaging discussions and lighting discussions. Once again, Pranjul, thank you so much for being a part of this space today. It was truly insightful, truly amazing and a great discussion that I had.
Thank you so much. Thank you so much guys. Remember guys the future of finance is not only decentralized. It's right.