DeFi Unleashed Ramp Up

Recorded: Feb. 21, 2024 Duration: 0:31:18

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all right all right GM everyone thank you for joining we're going to give it
another minute or two to let all our speakers join and then we will go ahead
and get started
and the meantime let's do a quick mic check for all our speakers, Jack Crippa Texan
and the team at convergics if you guys wanna go and just test your mics that the great
one clear Texan and Jack are accounted for all right we've got everyone let's bring up
one more team I think Dyson is also there as a listener we need to bring them up as
well right Dyson is coming up all right
I think we've got I think we've got most folks if whoever's behind the mic on the Rosy
onside I think that's how you pronounce it if you can just accept I invited you to speak
so go ahead and accept that you had me into swap okay all right well we are three minutes
past our start point so let's go ahead and make make a start here and we'll let people
trickle in as we go so behind the mic on the layer three account is Brandon I'm one of
the co-founders here we are working with all the great builders in the polygon CK EVM ecosystem
to run the DeFi Unleashed ramp up which will lead into a big campaign next month so with
that I will pass it over to let's start with the Dyson team can you guys go ahead and give
a quick intro on who is behind the mic and what you're building yeah hi everyone and thanks for
having us thanks for everyone for for listening so my name is Soler from Dyson finance community
manager and Dyson finance is basically a DEX where we want liquidity providers
liquidity provision to be as profitable and accessible as possible for all investors we
know that liquidity provision is one of the pain points of of DEXs it's something that is difficult
in terms of UI and difficult in terms of financial activity like for users who are
not necessarily very very experienced and we're solving that by making liquidity provision
completely different by liquidity provision on the platform is made via something called
dual investment so it only requires inputting the amount an investment period and then clicking on
invest and you already know how much you're going to earn from your liquidity provision
so this is how we are changing the game of decentralized exchanges and we are among the
first builders on polygon CK EVM like we have been here like for a couple of months already
and like we're proud to be part of the CK builders awesome yeah we're looking forward to getting your
perspective since you've been building on polygon CK EVM for a few months but let's do quick
intros for the rest of the group converge X do you guys want to do a quick quick intro and background
yeah sure so this is Ocaro from Commodore Jax I also see my teammate Nizaru on the chat
on the listener slide shout out to him basically what we are is we are actually we have I think
been in contact with many protocols that will have spaces in this ramp up campaign and basically
what we are is we are an ecosystem incentives coordinator which will act on the CK EVM chain as
a whole you can think of us like a convex layer model for all the CK EVM ecosystem like any asset
of the ecosystem which bears yield they can be integrated onto our model and our model is pretty
similar to velodrome solid the model in terms of incentivization but the catch is that we do not
have our own AMM but any other AMM as long as it's ERC 4626 they can be integrated and not just AMMs
but landing bordering received assets volts ALMs we can integrate many protocols onto our system
and basically what happens is our voters get the underlying yield and the LPs who bring their
assets onto Commodore Jax they get the OCVJX tokens so this is just like velodrome model in
terms of incentivization the catch is that we are just here for the ecosystem as a whole so if the
CK EVM ecosystem succeeds if Dyson, Mantis and Rosion succeed and also I see Rex protocol in there
and as the listener like if we all succeed so Kyom shout out to Kyom as well if we all succeed then
Commodore Jax will be successful as well due to how it's uniquely designed to support the ecosystem
from one hub without competing with anyone so yeah love that all right Mantis swap do you guys
want to do a quick intro hey everyone so I'm masterful I'm one of the co-founders of Mantis
a finance and co-contributor to Mantis swap so Mantis swap is essentially a single-sided AMM for
trading pegged assets in a much more efficient way and we have been live on Polygon POS and
Polygon ZK EVM for like almost a year now and we are like one of the first one of the very few
first protocols to deploy on ZK EVM when it launched in public beta and so the problem that
we are solving is related to the inefficiencies of current liquidity pools you know essentially
around the 50-50 token pairing and liquidity fragmentation that essentially you know hinders
the growth of tokens with relatively smaller market cap so our goal is to meet the liquidity
hub for pegged assets so that includes your stable coins your liquid-staking tokens your
liquidity-staking tokens now and like we want to be the hub for these pegged assets with the deepest
liquidity and higher steel and ultimately we are now ready to launch our full-scale launch on
ZK EVM in coming few months and yeah so like that's all thanks all right great and then
on the Polygon side I think we have crypto Texan is going to be our speaker today do you want to
give a quick background yeah hello hello GM GM happy to be here I was on a three-month paternity
leave and this is my first spaces coming back so I'm truly honored that it's a DeFi unleashed on
ZK EVM I've worked with all of these projects for a very long time and I you know ConvergX
you talked about 4626 and Jack will tell you that I am like the biggest 4626 bull long term I love
that type of standardization and yeah I work on the DeFi team on the growth and marketing side of
things and yeah excited to just kind of talk to talk through things and I've been in the space for
quite some time working with the index coop before working at Polygon and yeah that's kind of my
background and looking forward to the conversation well awesome we are excited to have you back and
congratulations on the newborn crypto Texan let's start with Dyson finance so you guys have been
building in the ZK EVM ecosystem for a few months now can you tell us why you know what was it about
Polygon ZK VM that attracted you guys to build in this ecosystem and what some of the special
parts are about underlying tech in the broader ecosystem yeah sure so like since we're working
in DeFi I think the most important thing like that is not non-negotiable is security and
that was like one of the main like criteria that made us choose ZK VM even if it was
early on so first security and second the speed also of the chain this was like
another major factor that made us choose Polygon ZK VM since like in DeFi as a user like what you
want is your phones to be safe like that's that's a given and you want your transactions to be fast
that's also like something like extremely basic that should be that is expected by all users
and these are things like that are guaranteed by Polygon ZK VM like when you want when you're
investing you want something you want your investment to be safe and you want your investment
to be fast because sometimes when you're performing your deposit or your investment
like it can be pretty time sensitive like given that the crypto market can be quite volatile or
can depend on the let's say like the speed of the of the transaction so these were some of the
reasons why we have been on Polygon ZK VM plus Polygon is obviously one of the big names
of Web3 so like this made us like comfortable like to to jump in despite the novelty of the
technology and also we know since we have worked with Polygon in the past it was Polygon POS
like we we've had a great relation with them in terms of like network and developer
relations so this was something that was extremely important for us and we can see
it with the ramp up campaign like that polygon and the ecosystem as a as a whole is like
i'll say extremely supportive for projects launching on on their chains and like we can
also see like all the solidarity between all the different all the different projects like
like that are like participating in the ramp up campaign so this is like the kind of mindset that
we appreciate in the in the ecosystem so yeah like basically like the mindset that we have is that
is the composability between all all let's say like all projects within the the ecosystem
and this allows us like to make the the tide rise for for for everyone and make the the like
polygon zkvm grow for for everyone as well awesome really appreciate the context there
maybe let's bring it over to converge x what was it about the polygon zkvm ecosystem that
attracted you guys to build here like i think uh i actually thought about this
just three or four hours ago because i thought that this would be asked and like not the tech
you know many people say that on chains the tech attracts them but for polygons specifically
i think uh the fact that they're polygon they have been a successful team they have been like
we saw how uh jack and with the crypto techs and we had conversations with and we realized
that how much we were being valued as contributors to the d5 space i think that's the most crucial
part because like in i'm not gonna drop names but if you're long enough in d5 you're gonna see
some teams some chains actually who uh don't value you as a person who does these things but
they just uh want to do it for themselves and the ecosystem only but for polygon we always felt like
we were being valued our concerns were being answered very swiftly uh the questions were being
answered all the time we always felt the amazing support from um the all the current workers and
the past workers of the polygon team and it's amazing to work with them especially on an l2
narrative like you know 2024 it's gonna be the big season of uh a nice run hopefully and with
all these new l2s i think polygon zkvm stands out due to the fact that it's from the one of the best
teams in d5 not the best polygon so this is what brought us here basically yeah i mean that's that's
so true i do think that the narrative often does sometimes when it comes to just the the differences
between l2s it often deviates to tech when i think there's sort of an under premium being placed on
the bd side and just how much support you bring to builders and and uh how easy you make it to
to build an ecosystem ecosystem like polygons and kvm so totally echo what you're saying we um we
have a new person on the stage mr t from rosie on so mr t if you don't mind it'd be great for you to
give a quick overview on your background and what you guys are building over at rosie on
hello everyone i think it's a little bit about the connections that's why i haven't
uh connected yet so um well i wish you have a good wednesday my name is tri you can call me t
i am a cpo of rosie on and we have been in blockchain space in 2020 yeah and in 2021
we started a mobile app called rosie on and we call this is a mobile super app for a web2 user
who just enter the web3 space and with the app you can trade play invest and earn very easily
and recently we just roll out our second product which is the public con rosie on and unlike other
we focus on gamification experience when trading and our vision is to make trading more interesting
and you will always earn something when you trade and that is our short intro so far thank you for
listening appreciate the quick intro manta swap let's go let's go over to you so we were chatting
a little bit about you know what was it about the polygon ckvm ecosystem that attracted everyone to
build here and i'd love to hear your perspective on the topic yeah sure so like uh i guess uh it
could be summed up in uh in two different you know categories so firstly uh it's more about the
support and ecosystem that the polygon team provides uh because we have been working with
them you know like for almost now uh one and a half years and so so like we uh have seen them
you know like status support us in every situation and you know like stand us with it uh in any you
know like whatever help we need they are able to provide us with that and that's the reason why
most of the dApps you know they have one of the highest number of dApps deployed on polygon
because they actually value the developers over here and and from perspective of a protocol
that's also really good because uh we have so many different projects you know like as a as a
recent exchange we need certain you know infra projects that we have to you know like use or
like collaborate with so as to you know grow as a protocol and since polygon has so many dApps so
it's actually very very easy for us to you know like navigate through all different projects be
able to you know like collaborate with them in a very very easy way uh and then second coming
back to the uh tech side of the thing so you know zkvm is probably one of the you know like
best tech in the business especially in terms of uh if you see if you look at the L2 landscape and
now with the aggregate layer you know like launching we believe you know uh polygon is
also you know like trying to solve uh one of the key problems that we are also solving it's the
fragmented liquidity you know so one of the key you know problems that we focus specifically on
inventors is that we want to you know like maximize the capital efficiency of let's say
the existing capital that's being deployed across different protocols or different pools so with
aggregate layer coming up you know like it will be really you know uh like easy to you know just
like seamlessly uh make cross-chain swaps you know like near instant cross-chain swaps that
will actually you know like increase the user experience many phones and that is something that
has been missing from uh defi for like so many years now and like with this shared vision you
know like that that's something that actually motivates us to you know just keep you know
building on zkvm and that's the reason we just uh are quite bullish on polygon well but yeah i mean
one of the most consistent themes that we see and we work with um you know most layer ones most
layer twos defi nft gaming is how much defi builders love the polygons you kvm ecosystem
so i'd love to give crypto texan and jack an opportunity from the polygon side to just
articulate why is it you know that you guys think so many defi builders love uh your ecosystem and
what you guys do to really stand out relative to your peers yeah i'll go ahead and start off here
and you know it's been a ton of fun getting to sit up here and listen to a lot of these teams we've
been fortunate enough to work with um over the past you know six twelve plus months i'm chatting
about you know some of the things that we've been working on but at the end of the day i think and
um i even tweeted about this a couple weeks back our model has changed a lot and i think has become
pretty differentiated in the space um and it's something i really like to describe as like
altruistic vc for lack of a better term um and what i mean by that is we we take no tokens from
you but we want to provide that kind of same general sense of value that a vc provides in
many ways right um and so what does that mean it means for a team going beyond just throwing
projects at a wall and seeing what sticks at the ecosystem level it means being thoughtful and
targeted with your building teams uh it means getting in the weeds with them uh like really
being in the trenches and understanding not just uh what they're building from like a theoretical
perspective but what it really looks like in practice and what their goals are with it for
the future such that you can come in um and help them ideate on everything from mechanism design
to go to market to integrations with new dApps um such that you're hopefully really unlocking
that team's ability to find success in the ecosystem uh and at the end of the day it then
creates this mindset of you know we can't strictly make a project successful right um all we can do
is give them as many chances to be successful as possible and that's absolutely the mindset
and i think you know we tried to internalize that on every level right not just verbally but even
in terms of how the team is structured where you know unlike i think a lot of other ecosystems we
don't just have this pure bd team we're actually shifting to a design um that will basically be
finalized next month that involves bd um a product mechanism design person and a solution engineer all
with the d5 focus to ensure that for every like leg of the journey from you know go to market and
relationship support um to product and mechanism design uh to engineering overhead and developing
public goods that add value for d5 and the ecosystem were uh ahead of the ball and working
to ensure that teams have everything they could possibly need to try and be successful on ekvm
and so uh and beyond right and so um it's something we're really excited about and i think with ag
layer uh v1 the unified bridge coming out in the near future with cdk chain starting to go live in
the next month or so here um what we're doing i think will will really become much more obvious
and and people will start to see um some of the things that we've been really excited about for
the past six six to twelve months here yeah and i'm not gonna i'm gonna try not to repeat everything
that jack said but you know i i think that jack and i have a very very strong passion for d5
in general and what we what we really love to see with projects in the d5 ecosystem on polygon is
projects that are constantly innovating that are willing to collaborate with other projects in the
ecosystem because i think that's what makes the blockchain space so special and powerful is like
the composability of d5 apps and the willingness to collaborate between project teams but i think
one of the most exciting things to me is um how much these teams including the ones on this stage
care about the tech that polygon is building and they're versed in it they understand the zk tech
they understand the aggregation layer um it's it's very very exciting and i think when you have
projects who are willing to collaborate that are building cool new innovative stuff in the bear
market um that are willing to put their nose down and research on the tech that you're building
it's just an incredible mix and it's a great relationship that we have with all these projects
and so it's always a pleasure all of y'all on stage so thank you appreciate that perspective
guys i want to shift gears and talk a little bit about roadmaps across the board um and what
you guys are building over the next three to six months maybe even further out and what you're
you should one just let the audience know they should be looking out for and two what you're
most excited about so dyson why don't we start with you guys what's on the road map in the near term
and what are you guys most excited about for 2024 um what we're the most uh excited about for this
here uh it's obviously the palpable change in market conditions uh that we can all witness
like i remember like when we started to build on pogo zkvm so it's probably like the lowest
of the lowest uh in terms of market conditions so i think that's a great sign that now uh the
wins are like going into uh into our direction uh so that's something we're we're very happy about
and the second thing like what's on our roadmap so basically we plan like to expand uh like uh
with more uh more pools uh like currently uh dyson finance can handle two pools uh like one that is
if usdc and another one uh the usn usdc so our our own governance token and we're planning
like to expand to uh on polygon zkvm to more like to more pools and enable liquidity providers to
like provide their idle tokens in a very easy way and have very predictable returns regardless of
of market conditions and of course like there are many other events like that we plan to organize
on polygon zkvm uh like with uh like sponsored sponsor rewards and campaigns and partnerships
etc etc so that's something we're extremely excited about and uh so far our main objective
for this year is increasing our tvl on polygon zkvm and like ramp up on on user acquisition and
user retention of course so um so for that like what we want is to bring as much volume as possible
uh like to to the chain and uh make sure that they uh they stay there and uh and they they
enjoyed the experience on polygon zkvm sounds very exciting converge x let's talk about your
roadmap and what you're most excited about for 2024 uh i think our roadmap and what we are mostly
excited for is pretty similar with what uh the zkvm team are excited for because like as i said
we derive all our power and all our uh engagement from the other projects on the ecosystem like if
they fail if they're not successful then we don't if they succeed then we're on a roll so at first
we'll probably be looking forward to uh the stage three upgrade for zkvm which is very exciting
like the rpc upgrade which will uh make it even more usable and once that happens
and projects projects are launching one by one then when the time comes we will also launch
and we will be there to support the lp yields the lending borrowing supplying yields
whatever comes to mind basically we will be there as an option to diversify and support the
best assets of the ecosystem so basically our roadmap is uh waiting for the stage three upgrade
and then having uh our own launch hopefully uh with many other successful protocols in the
zkvm ecosystem including the ones that are here today
awesome and mr t can you talk a little bit about the rosie on roadmap and what's uh
what's to come over the next few months yeah uh thank you uh so first of all i want to thank
your polygon for you know for i think they are one of the a bad supporting chain so far we have been
in arbitrum but you know uh moving to zkvm polygon is i think it's our very um good option so far
and um yeah and in the next few months we will have some milestone which is we will have a
we will upgrade our mobile app we call it like uh the 2.0 half and um we will focus to uh finish
our gamification part which is our challenge features and uh to to acquire more user and
yeah we want to go because right now we have in two chains so our vision is to unify the liquidity
for two chains yeah great and last but not least uh manta swap what's on the roadmap
yeah so uh like firstly uh we'll be launching more uh pools for new assets like uh liquidity
staking tokens so right now we are in talks with uh some of the leading protocols uh like
right now just one of them has only deployed on zkvm but like the way in talks with the
others so that we can you know launch these uh new lrt pools so uh we'll be able to you know like
build a deeper liquidity for these uh with their help and i guess this is one of the key missing
elements in the lrt landscape right now that people are not easily able to swap across different
assets you know meet uh be the ethereum to lrt swap or maybe stick it to lrt swaps something
like that so that's the first item on our roadmap right now apart from that we also have a v2 which
is essentially a new product that we built on top of us table swap so that's going to be a leveraged
trading platform so that's already now and it's it's soon gonna hit testnet on zkvm and
we are targeting the mainnet launch around uh end of march or early april you know that's
more lined up with the uh zkvm's uh d5 campaign that that's gonna happen around that time and
apart from that uh we are also uh like looking forward to a token launch in coming few months
and uh we do have a big drop planned out for uh all the users of our protocol as well as
people who bridge to polygon zkvm so we will be sharing details around that because it's
taken us quite a bit time to you know design that in a much more equitable way so we're
gonna release those details soon so these are three key items that's on our roadmap
some alpha right there uh airdrop and token coming from the manta swap team um all right
we are gonna go ahead and wrap it up there the final call to action here is um you know if you
guys head over to layer 3.xyz backslash quest you can participate in the zkvm ramp up and explore
all the products that um we're on the spaces today and and also everything else that's happening in
the polygon zk evm ecosystem and uh yeah make sure to keep an eye out on socials we'll be hosting a
few more of these spaces over the next few weeks thanks guys thank you for hosting great chatting
with everyone thank you folks thanks everyone thank you thanks for your time thank you