Welcome back, Yon. Sorry about that. We're still showing us live on my screen and apparently it has disappeared. So apologies for that.
Yeah, I can hear you loud and clear, Yond, can you hear me okay?
Yes, better than last time. Sorry about that. Everybody, the Twitch space was still showing is active on my screen, but apparently to shut down. So we're back and we'll carry on. So we're just talking about the fact that the coupler option
with the AMM in terms of people being able to use it to swap assets on the ontology of the M, but also to create their own liquidity pools and own fees and set up how they run that. And you were mentioning there are a couple of ways that they can do that, whether it be one-sided liquidity or how they manage the
spread and they can look at that and that would depend on the type of asset they were supplying, which I think is really cool and it makes it much more approachable for many people on there. Now I was looking around, EZ Swap, but a zoomy finance in general actually. There are many, many features across the board that people can do
in terms of how they set limit orders and how they do swaps. And I was just wondering in the first instance as we start the launch for Ontology EVM support, you know, what features are supported from the R-Force features are supported from the start. And what features can we maybe think about supporting in the future that could come into play later on?
Hey, Joss, thank you for the question. I get most part of it. Sorry, sorry, my Twitter app just crashed. I'm now able to speak. So in terms of functionalities and features that are available on on top of the UVM now, I would say so for example, we provide swap. Of course,
and then our swap function comes with limit order as well. So like traditionally you can you just can't place any limit order on a V2 Dex or maybe on Uniswap as well because they are decentralized and they are not allowing any sort of like order book like
functionalities, but luckily we will have limit order a completely decentralized limit order function on easy swap because like I said we you know start like split all these price ranges into spreads so every you know price or every dollar at price will be
Sorry guys, I was crashed again. I'm not sure what's exactly happening with Twitter today, but my app keeps crashing. But it's okay, I'm back with my husband. So I was talking about swap and then limit order, right?
So the third feature that is available on ECSwap for Entology EVM is to provide liquidity. So like every at the text, we are an AMM. So which means that we have to attract liquidity for our partner projects.
So yes, providing liquidity is definitely available on EasySwap right now. But the only thing is the only concern is that we don't support as many of assets on onology VM as of now, but I'm pretty sure that more assets
will be supported with easy swap. And once we collect enough of partners or partner protocols and we'll start a deal mining incentive, you know, sort of a period for all these like calls. So by then you'll be able to prove a liquidity and
I'm not sure if we lost Yond again or whether it's my end at this point. We seem to be having a lot of problems with the Twitter app at the moment on the spaces. So, I apologize for this.
Just going to get you on back on. I'm just bare with us a second as we get everything up and running. To be honest, over the last few times I've run Twitter spaces, we've been having a few issues. So just bare with us as we get you on back up and we continue the conversation.
The on I think you're back so well come back I'm not sure what exactly is going on but I keep crashing from From the app and I try reconnect for for many many times last link seems fine, but this this one doesn't work for me. Maybe you
I don't know. Yeah, let's go ahead with the, hopefully it doesn't quite crash again. Let's continue with you. No, no, we have to wait with the technology we've got unfortunately at times. I've had a few problems with the spaces. Let's get back on track.
track and chat about this ex-oom feature for ontology on the EVM having the deck support is really cool. It offers a lot of options. I'll recap that for people who may be missed out what I was saying at the start just to have a little recap on that. We have deck support via EasySwap with Izumi
which allows people to exchange between assets on the ontology of the M. It offers a really easy pathway for people who want to compound their stake and rewards back into ONT. So it's pretty straightforward to go from ONG into ONT and compounding.
those rewards. We have a little tutorial, a little guide pinned to the top of the Twitter post. So if you go on to the Untology Profit, you'll be able to see that guide and get going. Myself and Yand have been talking about some of the opportunities available for actually providing liquidity and opening pool
and doing such things, which I think is really exciting is something I'll look into as well. But we don't have a guide on that yet, maybe that's something once I provide some liquidity myself, I'll get that guide written up and post that as well. John, something though I was interested in that you just mentioned that
was the idea of liquidity mining and mining rewards. So for instance on Uniswap V3, you can't really offer those mining rewards. Is that something you can incorporate into EasySwap then? Can you have your fees come through but also incentivized rewards as well for providing liquidity?
Exactly exactly as a matter of fact we started as you know adding an addition and a your booster for unit spot B3 LPs like in its initial stage of easy we finance it's actually providing extra incentives for unit spot B3 and we are
We'll continue to do that and let me give you an example on the capital efficiency and all the trading fees that you collect. I think most people care about the low incentives while providing liquidity on easy swap because the lack of
because of the lag of incentives, but I'll give you an example. So within the first week that we launched on Ziggasing era, some of our investors actually tested the return, the UTH for ETH, WTH to USDC.
And it comes back crazy. It comes back like, I think around 40% APR. If we calculate APR, it's going to be around 40%. So that is without any incentives. That's only the trading fees that you collect from providing liquidity. And I think as long as there's an
trading activities going on on the blockchain. I think we will be capable of providing enough incentives for you. But like you said, we do provide extra incentives as long as we have enough partners and as long as we support enough assets, we will consider adding or
maybe adding two assets, maybe adding two rewards from us and from our partner protocols as well. So, yes, thank you guys. If there is any update, we'll pause it on our Twitter. And if we partner with any ecosystem projects from our own college EVM, we'll let you know.
Thanks, Jan. I just do reiterate what you're saying there as well is for people interested in providing liquidity, the capital efficiency boost you get from doing concentrated liquidity is absolutely unbelievable. The difference is outstanding, actually.
I do a lot of liquidity provision and capital efficiency is very, very important and concentrated liquidity provides that for you. Something I am interested in, Yand, is I'm going to maybe tie up a couple of questions into one question here.
And that's on the topic of security. You know, when you're dealing with people providing liquidity or doing swaps and doing trades, you know, there's always that question of whether it be audits or how funds are secured, how wallets are,
signed off on and things like that. But also questions around MEV bars who extract value from liquidity pools if you're not careful, well, even if you are careful in reality. And I just wondered how, as in me finance deals with those two aspects of offering an AMM.
So I will have to answer this question in two ways. So the first one is that we have some measurements on first and by we are against the MEV and also slippage. So the first one is about security. If you are worried about trading on EasySplot, you don't have to.
because we are well audited by a couple of the big names of the auditum firms. For example, we are audited by Blochsec. We are audited by Sjernetik. We are audited by Secure3. We are audited by Bybit and also Kobo.
save as well. So if you're worried about the security, you don't have to because we are one of the safest protocols to use, swap to use. So since our launch and I think the middle of 2021, we have been encounter a single asset
of asset loss. So I think that's pretty remarkable to talk about. And then the second, referring to the second question you asked about the slippage and MUV. So we are against MUV. So I think that's something that is a bit technical to dissect.
I'll try to explain it in human language. So basically, when all these protocols are being vulnerable from attacks like MUV or slippage, because slippage happens, right? Only slippage happens and there will be a chance for MUV to take the advantage of you.
So, like I said, we offer AMM in the way that it's a spread and it's a surprise range with different spreads and also bins. So within every bin, for example, let's say the price of Ethereum at $18, let's say $18,99.
and to 1900 and that is called the difference between these two prizes, like $1 difference, we'll call it a bin and within that bin if you trade, you are against any slippage. So if there's no slippage, there's no way that MEB could attack you because
This is how it does, right? So, but the only thing is that when you cross all these spreads and cross all these bins, for example, if you are buying it from, let's say like, 18197 to 1900, there will be possible attacks
from MUE but we secured it through the discretized model. So which means that there's not enough space for these slippage to happen between all these separate bins. So which means that it's
pretty safe to use and it's against MUB by its nature. So if you trade on EasySpaub and if you have you have ever placed a limit order on it, you'll be able to notice it. So our function you know looks like this if you provide, let's say if you trade
place a limit order at, let's say, a certain price. And then once the liquidity is enough to fill your order, you'll be able to collect it from the front end of your UI. And then if it's not fully filled yet, you will not be able to claim it. So it secures the liquidity being fully used
and also being fully efficient in that sort of like spread. It's great answer. I mean, MEV is a horribly complex topic and the importance to people who use DEXs and AMMs
Because they do have the ability to drain liquidity. So it's great here that you have solutions in place or at least you show we call it design solutions in place. So the actual design helps secure against that. As always with things like MEV and many things, I think it's partly educational and partly also there'll be some regular
at some point I'm absolutely sure about how MEVs work. Maybe a little bit of controversial topic in that respect. Some people are very pro-MEVs. I'm not one of them. Let's move on and think about what is it? It's easy finance and easy swap actually offered to people and I think this is really cool and you know when you see things
from ontology, I often see us talking about building foundations within Web3 and building foundation for people to build on. And one of the reasons I personally really like this partnership with Azumi on this is I'm a big believer that AMM's things like Azumi Finance EasySwap are absolutely foundational to
DeFi and the construction of DeFi services. And so, Yonda, I'd just like to throw that at you a little bit. Is that something you find when you're working with different partners, working with different people? Actually, you are part of that foundation that allows other DeFi protocols and other DeFi products to start building around what you offer.
Yeah, I'm not exactly sure if I get your question, but I'll try to explain it. I'll try to answer this question. So talking about capital efficiency and I think that's the biggest difference between DeFi and traditional finance, right? So when you talk about traditional finance, the underlying asset will be
Fiat, right? And in terms of decentralized finance, the underlying assets will be, for example, Bitcoin, ETH, or maybe USDK, USDC, or other stable assets. And what we are trying to order, what we're trying to prove to
to provide to this market is that we actually support all kinds of assets like pack assets like for example LSTs are quite you know liquid sticking derivatives are now one of the hot topics and we definitely support them and those assets will slowly
replace is to be the underlying assets of the decentralized finance or blockchain. And then it sort of like accelerates the liquidity in that respective ecosystem. Like for example, if you, let's say, what is most
So how about we replace that, you know, stroke underlying assets with other volatile assets from maybe
So I think that's a very cool idea. So what we are providing is hypercapital efficiency for all of our prognopropagos and we allow their assets to fully sort of like realize their liquidity by providing
the other one is stable assets. We sort of like allowed that to happen in a very small range so that the potential of that assets will be fully exposed when the potential of the assets will be fully exposed.
the price stays in a certain price range. Like all I was saying has to come with a background which is that the price of the assets will not be fluctuating that much. If it stays in a certain price range and we can make
So I think that's why we are promoting this kind of logic and also welcoming all the other liquid liquid sticking derivatives partners to join our ecosystems so that we can fully release their potentials. So there is a big controversy
When Shanghai app was finished, all the unstick assets were where they go and will they create a dump on the secondary market. And I think with the use of EasySwap, you can make the most out of it. For example, if you create a
your pack passes with a yeast using our model called one-sided you'll be potentially collecting or buying the buying yeast, the native yeast with your yeast. So if you want to convert one to another that's very convenient with the
I think that's one of our advantages. But of course you can do it with UniSwap B3 as well. So there's no major difference between in this situation there's no major difference between us and UniSwap B3. But what we're seeing in the long term is that we can provide
more value and more capital efficiency to serve these underlying assets, no matter if it's native or no matter if it's packed. Yeah, now that's exactly what I was getting at you. And I think that's really important. You know, again, just to reiterate what you're saying in here, this idea that you can
Provide people with liquidity. Liquidity is so important when you're working in the crypto space, when you're trading, when you're accessing things. If you're just holding for certain amounts of time, if you're staking, the ability to be liquid in your assets is really important. Secondly,
The ability to utilize your capital as efficiently as possible is also really important. So DEX is such as EasySwap, enable that liquidity, and they also give people options around other things. So anybody who follows the ontology reports, we release a weekly report, we release a monthly
And you'll see on there that we detail our research and detail our technical advancements and things we're working on. So the eagle eye amongst you, the people who read them, we'll see that we've been working quite hard on liquid stake in as a solution on ontology. And so the idea that you can then have
that liquidity in your stake in and also be able to use that capital even though we've staked and used it in an efficient way is really good and it's important for people to be able to trade and that to swap in and out if they need but also to offer liquidity pools. I think you
easy way and then arbitrage of course manages to keep those pegged pretty closely which is also really important. I think that pegging is really good for these state assets in terms of if you've got that opportunity to trade in, trade out and to swing
you go to stake more on to get more staked on to load up and trade again. You've got all these opportunities to actually keep the price at peg and make arbitrage profits at the same time, which I think is really exciting. I've really enjoyed listening to some of the things that's already in play.
with a zoom beyond. And I just wondered, you know, you've got so many things already happening. What comes next? What's the big thing that you're trying to think about this next up for a zoomie for the rest of 2023? I'd actually to go further, but predicting the market is very difficult. So what are the big things on the horizon there?
For sure, so one of the big things that we are going to announce is tomorrow. I think this is somehow not related to ontology, but I'm very happy to introduce you. So we will probably do the same thing, a similar campaign on ontology VM once we collect enough partners as well. So we are launching a grant
sure what dual farming incentives period for our partner protocols on ZGIS and ARA. So this includes I think six to eight protocols that we work with and we will provide you know extra incentives on providing liquidity to those assets. And for Ontology UVM we are looking for
forward to onboarding more ecosystem projects, for example, GameFi, for example, DeFi as well as they are not a DEX, otherwise it's going to be competition. So I think, yeah, onboarding more projects is definitely one of our big
next steps. And then the other next big step is probably, okay, I'm not going to disclose much because it's still a secret yet, but we are catering new projects that are on different ecosystems. Like we are sure like curating the
those projects in our own way. We are not disclosing what form and what style are we providing or to what level or we are providing assistance to or provide support to. But in the near future, maybe within the next week or maybe the next two weeks, you will be able to see
and use about us supporting another ecosystem project in our own way. And the other thing is that the concentrated liquidity of Ineswap, they have a two-year license on the intellectual property and it's going to expire soon or maybe it's expired already, maybe it's
I have no idea, sorry. But the unlocking of CL, the unlocking of Concentral Liquid, he is another big thing. So we are trying to provide our own AMM to other Dexys who want to use them. So there's a comparison between Concentral Liquid
and discretize the liquidity. And discretize the liquidity is much, much more capital efficient than concentrated liquidity. But like I said, in the very beginning, the impermanent loss will also be very high. So one of the other next steps that we are going to
launch is probably an impermanent loss protection protocol that we are going to hedge the impermanent loss of your liquid keeper. I think that's pretty, imagine if you can't farm without any risk of
Let's say like in permanent loss if you don't You know care care the market enough you can just sit there with your liquidity Presition and then you know enjoy the high unit of it So I think it's gonna be a little bit technical and it's gonna be very difficult to to develop as well. So we are
probably launching it, I think towards the end of this year, but I think the I/O protection stuff is pretty cool because we invented the discretized liquidity model so we know how I/O sucks. So yeah, I think that's another
cool thing and I think that's pretty much it. I think there are still few big step but I'm not going to disclose too much on it. I think that's enough information. Now that's absolutely fantastic. I really like the hedging idea. You know, it caters for
a range of risk appetites. You can go all in, risk the impermanent loss and just go for the fees and just crush your fingers and go high rewards, high risk, or you can hedge as well and there'll be some cost ahead you know I'm sure but you can also then still have those rewards coming in.
and enjoy sleeping at night rather than tossing and turning worrying about the impermanent loss. So it's great to see that you're thinking about catering for all those risk appetites on their yond. I think that's excellent actually. I guess we sort of come into the end of our discussion around this. I'd like to sum up a few points.
points for people as well on here. Point number one, the Zoom with Finance is a DEX running a AMM so you can swap assets on there, you can use some of their incentive, incentivize polls as well, hopefully more in incentivize polls come in and some incentivize polls coming from
We'll see how that plays out in the future as we push forward. From an ontology point of view, it offers an opportunity to actually start easily swapping your tokens in a way that you haven't been able to do previously. You know you can actually go from your ONG to ONT, ONT to ONG.
Wing finance can I think utilize a zoomie swap really well because we have the EVM pool We have the ontology pool and alongside the ontology bridge that makes it quite easy to start swapping assets on there I would encourage people to take a look and have a look how easy it is to swap
The user interface on a zoom is actually really nice. It's really easy to get your head around. Good job on that. And think about how you can swap. But also think about maybe supplying liquidity. As somebody who supplies a lot of liquidity across different tokens, I would really recommend it as a great way to
generate consistent returns. But as Yandr has mentioned several times, do be careful of that impermanent loss. It can really bite pretty hard. Looking forward to some of the future collaborations and the future developments coming from, I think there's some really cool stuff on there. Just come
I think we're pretty close to being done. Just to remind people there is a
guy to swap and how to swap on a Zoomy finance, how to bridge assets onto the EVM if you want to bridge across from ontology and how to then swap on a Zoomy and do things. You can always join us on Telegram as well to hit us up. I guess you're on just to give you one last chance for a bit of plugin as
I was looking around, so I'm a big Dow fan, I'm a big governance fan, I'm a big fan of holding tokens for protocols that I use and I notice I think that, "Azumi, do you have their own token and do have some Dow infrastructure on there?" Maybe I'm not sure, maybe I'm wrong, is that something you can use this last 10 minutes just to tell us a little bit about?
Yeah, for sure. So we adopt a similar sort of like governance model like curve. So we are using both a voter escrow model. So basically you lock your token up for a certain period. It's going to be one year or two year or four years and then you'll be able to participate in the governance, including decisions
on which assets should be supported and also which code that you are going to receive both use on and also some other stuff like proposals on our platform. But I would say it's not fully functional yet and we are still experimenting with it and we are now participating in, you know,
very little amount of V-solid or solidly force on the zig-zag era. And the governor's model is something that we should definitely take into consideration. And then I think
the utility of it right now is to lock up and enjoy the APR of it. So one other difference between us and other voters' world platforms is that we use ERC721 as the token standard, which means that drawer VE token or
your VNFT will be available to trade on secondary markets such as OpenC or Blur as long as there's liquidity. And I think that's a big, big revolution on the V model because it allows you to trade your sort of like voting rights for a government
rights, but at the same time someone, you know, some people would take this as a threat to the stability of the governance model. But that's fine. I think in both ways they work, you know, for people who are eager for liquidity and they can
they are like loyal to that platform and they can stick it to your C20. But the only option here is your C721 and I think in the future let's expect some more features on the governance model together. So I
I'm still pretty, we're still pretty, we're still not that practical yet in our governance model, but we are trying to implement more feature standards.
Thank you, Jan. Thank you very much for that. Look, as always, an absolute pleasure talking to you. Thank you for detailed and yet very understandable answers. And thank you very much for sticking with us through a few technical hiccups and a few technical problems on that.
know what you're getting with Twitter spaces in terms of the stability. It's not fully gone in our favor today, but I think we got through it and got a lot of information out there for people. If anybody has any questions or any difficulties access in, zoom is easy swap and you're not sure how to
easy swap. It is up on Telegram, comment chat tours, check out the guide, pinned to the Twitter profile and thank you very much for being here. Yond, until next time, enjoy the rest of your day and thank you once more for taking your time to comment chat tours.
Thank you so much, Jeff, for hosting me and for hosting user refinance. Thank you all for listening. And despite we have a little technical difficulties, we made it. And thank you again, and everybody have a good one. Bye-bye.