Hello, hello, hello, guys.
Appreciate you all for joining.
We'll be starting momentarily.
I'm just waiting for another co-host of mine and all the people to show up.
had and some good collaborations that can be
bringing people on stage?
just to get out of the way,
for those of you who don't know, I'm sure most people do already,
there is a grant program right now
very specifically allocating
money and funds to people
building with AI on Arbitrum, whether it's
DeFi adjacent or not. If you're
innovating with AI, we would love for
you guys to take a look at the pinned tweet.
is available. We just want to make sure people are
building the coolest shit and
Guys, if you want, maybe feel free to
pitch what you're doing already on Arbitrum
view is on AI and maybe how you plan on
integrating it or if you already have it integrated.
Let us know what that looks like.
Arthur? It's Joe. How you doing, Joe?
I'm doing good, man. Doing good. How are you?
Doing great, man. Excited.
foremost. Thank you for having me and
Just want to share a little bit about what we're
working on. CryptX is currently building
of fully decentralized indexes
on multiple L2s, including
oracles are powered by chain link data
And, you know, we've been
we've been working on a lot of really cool things,
you know, in the Arbitrum space for some time.
Specifically, we deployed a meme index
And essentially, basically, like that index is aggregated
and people can trade an index of
memes in perpetual format.
Have some other really cool indexes
DeFi projects within the Arbitrum ecosystem
index and have like a one-click option
where you just mint one token.
It automatically provides exposure to those indexes.
But more specifically for this call,
I'm working on a little bit of a new project
and kind of want to speak with
some of the Arbitrum teams
on ways that we can merge AI
Learn a little bit more about
what some of the teams are doing
yield optimization strategies
and how AI is working to power those.
I have a really, really cool idea.
And hopefully after this call,
we can connect with some teams
Can we learn a little bit more
Well, it's a little bit early,
you know, what we're seeing now,
Offchain released the other day
with regards to interoperability
across the Ethereum space,
we think that this is going to be
where Ethereum essentially becomes
where you can bridge assets
seamlessly across each L2.
an incredible opportunity
across multiple L2 networks.
And as those are scanning,
you can essentially just deploy,
that's just auto-deployed
different pools and whatnot,
across multiple L2 networks
I think that's one of the things
in our original Trailblazer blog post
as like almost a request,
request for people to build.
that you're paying attention
to the big Interop announcement
one of the best in the space.
I mean, Hunter can tell you guys,
there's a lot of synergies
that we're in the process
a forward-thinking founder,
well, how can we take this,
if we have the opportunity
to connect with some teams
with something really cool,
a structure that's really cool
Thanks for coming on, man.
and my DMs should be open
some of the things you've been,
what have you done this week?
What have we done this week?
and the RIG Rust framework
for building AI applications.
for those who might not be aware,
and that can perform actions
is to essentially produce
with the right components
performing actions on-chain
simplifies what you can do
our goal is to essentially
as an open, tokenized layer
that incentivizes builders
and the collective intelligence
towards a singular point,
as an interactive terminal
So this is really exciting
for anyone who doesn't know
is probably the best place
that they've been working on.
which is the social data,
information from Twitter,
historical good performance,
it's still very early phase,
it's gonna be crazy guys.
what we've seen right now
We love having you on here.
trade directly from Twitter.
will be made a lot better
it wasn't him personally,
I see what you're saying.
I don't know how you pronounce it.
I never pronounce it myself.
I'll have to change it like back to the,
let you tell the people a little bit,
a little bit about what you're building at flow.
I'm happy also to talk about,
I'm an early engineer at gauntlet.
I was there for two years in the early days.
And I was also a team lead of the platform team.
And then two years ago at Denver,
And the idea was to do a web three indexer,
So it kind of like people then evolve into these AI agents.
And today we are in DeFi marketplace or DeFi launch pad.
that have different tools and they integrate fully with web three.
the one that we're building now for Uniswap,
because that might simplify the conversation.
we're preparing these AI agent that is an ecosystem explorer for Uniswap and,
And so you can use this agent to ask questions like,
these days probably you want to give the opposite example since ETH is like,
right now it's cheating the bad.
So maybe it's not a good example to change it for USDC,
I'm very bullish on the DeFi space.
is there a way for me to share some blog posts?
I wrote two blog posts on DeFi and I have a thesis that I think would be worth to share with the channel.
send it to me in telegram and I can post it up here.
I think you might even be able to pin it yourself as a speaker.
If you click on the top three buttons of the post.
I need to switch to my laptop.
Hopefully it won't make a mess.
Or you can just send it to one of us.
Let me send you the number two.
Number one is for a technical audience.
in the listener is an engineer,
we'll find that interesting.
used to be deterministic or is deterministic.
And the reason why it's been successful is because it's,
it's a state machine to some degree.
Blockchain is a full state machine.
So everything happened in transaction.
it's because of that is reproduced,
however you say the word and,
And so the reason why DeFi is composable is because it's a state machine.
we have MEV and we have flash loans and other characteristics that are unique to,
We don't have that in Trudify.
it's more like moody and non-deterministic.
And you don't want to add a non-deterministic entity to like run something,
that like on top of an API,
because you want the API to be deterministic,
you want to use the AI agents to do anything.
has to do with reasoning,
anything that has to do with sentiment analysis,
anything that has to do with,
any kind of decision making that as human are slow to make and can be done
I'll give you an example,
like a Trump token that came out,
you could have a DeFi agent,
you give 1% of risk profile,
you can use it for whatever,
what you think could be like,
a risky position or like YOLO,
you have this token coming up,
the agent could immediately do like a transaction and jump on like the
the second article that I shared,
I actually have these other thesis that is,
what is the path of AI agents?
for the sake of the room,
I'm sure there's other people that want to talk as well.
So I'll try to keep it a little bit shorter,
but the concept is the reason why,
chat GPD cursor and other LLM have been so successful is because they have a
feedback loop that is really short.
You ask her to change the code.
the LLM change the code immediately.
the app like Devin that you just write the code,
the agent Devin that you write the code,
you ask to change something in your repo,
comes back 10 minutes later,
change your PR and that's a lot of stuff.
it's not successful today because the feedback loop is too large and,
the agent still has a lot of allusionation.
So there's a lack of like trust and there's a lack of like,
quality in the responses,
is this agent that you ask a question and get the feedback immediately,
we'll start seeing AI agents that have a larger feedback loop.
And so in the DeFi space,
how works in the DeFi space,
what we'll see in the next month or two will be the AI wallets,
and so anything that is like intense,
send this payment to my team.
And I have ETH on Polygon.
They want to receive one in Arbitrum,
And so the agent does all this transaction for you,
like a strategy and you sign it with MetaMask,
So the next step I think will be the DeFi agents where,
I design like a map where you can see these like steps.
The next step will be the DeFi agent,
which I think would be these same autonomous agent that runs on chain and do portfolio rebalancing.
They might even do things like risk management and open proposals,
but the human is still on the loop at the end.
So you still need to sign,
And then I think the ultimate stage will be,
I have a twist on that and I have a very personal opinion on that on how we should do it.
a governance system that uses something on the line of work on where we have a proof of humanity for the shareholders.
the governance of the Dow to be with a share.
an AI agent could all have it,
the Aave governance token and could take over and just use it and do whatever they want.
But if an AI agent takes over itself,
it becomes kind of like these,
situation in which like it becomes unstoppable and it becomes like,
fully autonomous and we lose complete control on it.
some people might be okay with that.
I think we should keep the human in the center,
And I'd be curious to hear what you guys think about this as well.
I couldn't unmute for some reason.
I've gotten a chance to see and play around with flow AI a little bit.
And one of the cool things is you can make swaps directly from the interface
while also chatting to an AI about,
should I be doing this swap at all?
Which could turn into like an endless,
endless feedback loop of,
I could see people getting,
getting caught in like a vicious cycle of questioning themselves,
in this path towards AI becoming like fully autonomous,
the thesis that I have that eventually we'll have this fully autonomous agent
and we should keep the key for the agent.
And the way we can keep the key is having this war coin or whatever other token
that have like a proof of you of humanity.
So I wonder if that's something that resonates with you as well,
or you think it's okay for the agent to be completely autonomous and there's
they can hold their own token if they want.
I not only think it's okay.
I might plug my own blog post that I did the other day,
but I did a blog post on the lit protocol agent wallet recently,
T E's and threshold in PC to ensure that no agent developer can rug the tokens of the agent.
I'm not saying every agent will fit this use case and every agent should have its own tokens
that humans don't have control over.
But if you're going to launch a token,
and you're going to give the agent tokens,
you need to ensure that there's no trust involved.
It needs to be a trustless solution that the agent won't go or the agent developer won't
go and just transfer all of the tokens in that agent wallet to himself or to his Binance
account and dump the whole thing.
that's an interesting point.
I know the interesting thing about lit protocol is it allows you to parameterize actions as well.
you can say to the agent,
only interact with these tokens.
You can only buy this amount on any given day.
basically what I'm talking about.
And I wonder exactly what that even mean,
but the fact that an agent could be completely autonomous,
for some reason I'm still not comfortable with that.
Yann LeCun or someone was talking about that AI will need to have a soul and we'll need
it will do anything to be,
it might mean attacking us.
maybe the right way is to completely remove the key.
but I just want to ask what,
something that I tried to ask myself,
But why does an agent need to be fully autonomous?
because most of the AI agent is just,
the main purpose of the AI right now,
This extension of human since,
to be able to run an AI agent or any AI related stuff,
someone needs to pay for it.
And ain't nobody gonna like build their own AI,
Right now people are using like assisting alarm for it,
Essentially someone needs to take care of it.
It's to feed it and yeah,
the credit card is being paid to subscribe.
So I like that brings the question,
why does an AI agent need to be autonomous?
and it's possible for AI agent to be fully autonomous or be just pretending that the agent is autonomous.
cause that's something that people keep talking about,
AI agent that can do self trade,
a swarm agent that can launch token and,
maybe that's the discussion.
I'd like to discuss with you about this one.
I think actually it's not only possible,
I think that where we are today,
I think it was John Carmack was talking about where six,
breakthrough away from a GI.
And now today we're probably at four or three already,
like a deep seeker one with the reinforcement learning,
the LLM to learn autonomously.
The rule is you need to solve this math problem,
and the AI keeps like a testing one plus one,
And it keeps going and now makes mistakes.
So whatever path in the decision making is wrong,
it goes back and goes in the other one.
And you end up with like models.
They are incredibly smart.
open AI or one level in math.
It's not in other benchmark like the Alice in Wonderland problem,
MMLU and both in also in math and other,
And so what's going to happen?
but eventually they will become like learning on their own,
And the other reason why I think the evolution is like inevitable is,
all eyes are on it or money are on it.
it's a compound evolution that is happening both on the hardware level,
is pushing on it as well.
everyone is pushing on this.
is necessary to be autonomous?
but why should be autonomous?
I don't know if you guys read about that one.
basically he's saying that,
the trend is company are shrinking.
You don't need a team of hundred engineers,
like 10 years ago to run,
servers because now you have Kubernetes.
And then now Kubernetes can run with an agent.
So now you need just one or two.
and it keeps going and it gets like a shrink.
the size of a team tech team,
especially shrinks and it's going to zero.
the moment it goes to zero.
The agent should be autonomous where,
you basically give directions and the agents does whatever need to do that.
And at some point it would be even completely autonomous.
another example could be a portfolio manager.
You don't want to manage your own portfolio,
an autonomous model that just run continuously,
something's a spectacular coming out,
is it too good to be true?
Cause mostly everything in crypto that is too good to be true.
Usually it's too good to be true.
I think there's a visual,
what exists now and the eventual,
like the gap could be two years,
The time we tend to overestimate the,
our prediction tend to overestimate the short term and underestimate the long term.
we're not going to see these crazy agents yet.
I'm in crypto through like,
as well through like working in different,
web three companies and running the Bitcoin NYC community.
but I'm also in AI through these AI NYC community.
a lot of other experts in AI that are way smarter than me on,
it's the AI evolution right now.
on the crypto field is really in every single field you can think of.
There's not a company that doesn't try at least to use the buzzword.
but if you remove the buzzword,
this is one of those cases where,
we have a real use case and it's tangible.
it's not even just a buzzword,
the concept of what it will be in the future makes sense.
today agents are shit queen wrappers or wrappers,
pump fun and they need to pump it.
they just tweet random things and,
token terminal and other ones,
They just have someone that tell them what to say.
the application are real and we're going to see like a big,
we're going to see a big wave of,
And finally consumer apps in crypto that we've been talking for the last
where we've been talking about infra,
we need the applications.
I think that Ethereum need to capture the DeFi space or it's completely
the meme coin space and attention space is gone.
The tech space Solana also is pretty good as a platform.
tokenization BlackRock is about to tokenize the shit out of the,
and probably also the stock market and,
cut on Bitcoin is about to become the tokenization platform.
the BRC 20 for tokenization,
they start implementing things there.
Why should you use Ethereum if Bitcoin is more,
And I'd be curious to hear the room,
but I think that Ethereum need two things.
we need to capture the DeFi AI space.
we need Vitalik to go to a fucking gym,
like a Brazilian Jiu-Jitsu arc and become like,
I'm joking on the last one,
And what I was going to add to that,
that's what our bedroom is now,
big fan of what's going on in the flow.
also based in New York city.
So if there was a time that maybe we can connect,
I think that arc of AI driven instruments,
on the Ethereum blockchain,
it's definitely incredibly relevant.
And there's a lot that can be done and should be done,
especially as we like make this ascension towards cross chain
interoperability and make it seamless across Ethereum.
we were talking about earlier,
I'm not sure if you were,
but one of the ideas I was talking about with chunk was developing
some type of AI powered cross chain yield optimizer,
especially considering that the fragmentation between yields
across multiple L2s will decrease as interoperability expands.
I think that there's like a really interesting idea where you can
have an AI trained system.
That's essentially aggregating or showing like where the best yields
across chains are at all times,
where the user accesses a vault,
those integrations are already done within that vault.
So you have X amount of pools that are already integrated.
And then the AI is just showing you which five or which six that you
could allocate to in real time or automatically like just,
just yielding you assets.
it's an idea that like we just kind of started exploring through,
different index features and it's trying to take like yield bearing
index features and taking them like to the next level.
we can tokenize a basket of yield.
but that's not taking it to like the next level.
How do we take that to the next level?
if you have some time I could DM you,
maybe we can connect and share a little bit about the idea and happy to
meet up and talk about it.
I don't even know who you are,
I don't see the speaker who's speaking.
it's Joe with a cryptex finance.
in the fuck here in a spaces,
I can see like where the voice is coming from.
it's pretty much is what we're building with the Uniswap.
And the idea is exactly that you're going to use something like a volts.
you have all this yield and then,
you can explore the yield with the agent as,
which is the best one for your risk and risk profile.
the agent will do a multi-step transaction,
from your wallet or go from a ramp,
do all the things and then go.
it's a combination of like using the data and using the transaction on
the question that I have for you is where the,
Cause we're building this and I'm sure other probably hundreds,
founders are doing the same and they might do it on a different,
everyone is building this shit.
what is the differentiation?
And I've been squeezing these,
question for the last two years.
And I think this one will be useful.
I think for the room as well.
Distribution is number one,
If you have distribution,
you're sitting next to the customer.
And the Google right now is not the best one in AI,
but they have the biggest mode because they have the biggest distribution.
The other one is data and data is going to be essential is the oil and it's
But now with tools like fire crawl or,
you can pull any data whenever you want,
give me this data and put this in my database done.
So there is a mode if it's private,
And then the other modes will be private models.
and I think in real life community might be a big one,
but then in real life community is a mode.
I don't want to say weak,
how big can be a community and how profitable can be.
that's the biggest question that I have right now.
What is the mode and how do we,
one of the things that I just heard you say was with regards to
the more easily you're able to distribute,
all of us here understand that a lot of the concepts that we
discuss collectively as builders are far beyond the normie or
the regular users comprehension in terms of,
in terms of what we can create.
And I think the teams ideally that do succeed in the integrations or
or the concepts that we're discussing here today are,
more so the teams that can break that down,
simplify it and just make it a seamless experience where you don't
even know any of this shit is going on.
you interact with that system and the system does what it's set to
do by the defined parameters of,
And I think whoever can make that approach as streamlined and as
are they guaranteed to win?
but will they have some relevance?
Especially if there's a community behind it that is supportive of,
of what they're working on,
then they can try to scale that into,
into bigger and bigger ecosystems.
the key takeaway that I got from,
what I was just listening to was like distribution,
1000% incredibly important,
how you structure the UI and the interface to be super intuitive,
especially behind the scenes without the user really even knowing,
but more so like scaling it and,
and doing different things like within the networks that just,
just make it like super easy to use,
that would kind of be like how,
how we would approach that.
there's always going to be a thousand different teams,
building a thousand different things.
it's great for the ecosystem as a whole,
but we all know out of the thousands that are building,
not everybody's going to,
it's going to be like that,
we're building blockchains or we're baking bread,
there's going to be people who gravitate towards,
I think collectively as an ecosystem,
maybe not as individuals so much,
but as an ecosystem by pushing these ideas forward,
and just trying to capture users and bring them within,
like just got to be honest,
like really impressed with the things that I've been hearing from you on
in your knowledge base and the things that,
it was very informative for me.
really great stuff from you.
what you were mentioning about,
to like elaborate on what you were saying about building the UIs that,
the reason why onboarding has been so shit in crypto is like,
you need metamask to sign,
any single steps you need to install 10 different things,
get token from coin base,
this is the kind of stuff that our,
boomer family kind of do,
I know the reason why the,
the Trump coin work is because you could just get the Solana wallet,
so the question is what will be that in,
I need to look more into these,
That's one that could be helping.
And then there's this ERC called seven,
pretty much you give a low answers with policy.
So you can say to a smart contractor,
you have $1,000 a month and you can do whatever you want.
So you don't have to sign every single transaction.
You just send it once and it's free.
And I think we need something like that,
where you just use the credit card,
And then you don't even know what you have there.
You just write some phrases or talk and it just goes.
I think directionally you're right.
But the question also for you guys is,
do we focus on the onboarding of the new users first or on the power,
and that's the other question,
like the other million dollar question.
I'd like to actually add to that,
this is a Buccio from chain craft.
Cause that's something that we always think about is the sort of friction for new people to the space.
what we're doing at chain craft is,
basically building better tools to create games and monetize them easily.
So we're kind of doing something that isn't is built on the blockchain,
but is kind of our long-term audiences is not blockchain native.
And one of the things that I feel hasn't been used enough that it's just such a simple thing,
but can really stop a project in its tracks is like fees,
like even just the gas fee.
I just want to throw that out there.
Cause I don't think I hear that enough,
especially as like gas is becoming cheaper in some of these like L3s,
I feel like more people should consider that as a way to also just simplify,
just starting to do transactions or events that are done on chain.
and we definitely going to be implementing that on our project.
I just want to make sure we're,
we're on time here since I think we're like 15 minutes over,
I appreciate everyone here for coming on,
talking about their projects,
that last little conversation there.
I think ideally these spaces are,
introduce what you're building collab potentially,
and even just kind of talk about some of these existential questions,
but not getting too deep.
we all work in crypto and,
ideally a decentralized and permissionless future.
we're all building towards that,
but definitely the idea here is we're,
we're building on Arbitrum,
appreciate everyone here for joining again.
If you want to connect with anyone you spoke with,
or anyone you heard for anyone in the audience,
feel free to DM them directly.
happy to help you guys connect,
after the fact and make sure that the,
the ball is still rolling even after the call ends.
thank you so much for jumping on.
I'll connect with you in a bit,