Hello, is anyone there? Hey, hey Greg. Sorry we're waiting for Rebecca. She should try now. Excellent. Okay, we'll wait for a few moments and then we can get going.
Hey, hey everybody. Corral, would you mind either giving me co-hosts rights or Rebecca there as well?
Yeah, if I show them. Thank you, sir. All right, all right. Hello, everyone.
Hi Rebecca. Hey, hey Greg. Alright, let me make Brian also speaker.
that also announce this on our community channels and also on
And let's just wait for a couple of minutes. Greg, how are you doing today?
It's fine, I'm just doing my vocal warm-up, don't worry. It's good to hear.
I'm Brian Bryan, whenever you're ready, let's do a sound check.
Check check check check. Oh right. Yeah nice to hear you
- Thanks, thank you. I'm gonna invite Kava and Tommy on the background and then you and Joe can kick it off. - Perfect.
Greg, and from field aside, I will only have pleasure speaking to you, correct?
Yeah, that's right, the rest of the team will very likely be asleep at this point.
or if they're not, they'll be changed to their computers, developing. Hopefully the luck. - You're going, you're going, you're going, always.
That's right Hey there, I see Tommy here from Galabidi Hey everyone. Yeah, thanks for all thanks for having me on Good morning. Oh right. I think we have everyone in store So yeah, let me keep this up. So today
we have pleasure speaking with Phil, Phil is a new project that recently launched on Kava EVM and we are really delighted and we really happy to introduce Phil to Kava community and also our community and announce the launch and what users right now can do on Kava
with which assets. So yeah, I have here told me from Kava BDTM as I said Greg from Filda and I also have John Bryan from Alpha Growth team. So hey Greg welcome you, please introduce yourself and please do and I really sweet introduction to Filda.
Yeah, of course. Okay, so my name is Greg. My moniker on Telegram and Twitter is Fox 42. It'll orange hand puppet as my icon. I am the
Community Manager for Fulfilder and also help with the marketing and business development outreach for the project. We're currently on
So we're multi-chain, it's not cross-chain yet and we provide lending services. So we're a fork of compound, compound and people can deposit, users can deposit their funds onto the protocol and then they can borrow against that collateral.
How are you guys different from compound or similar?
Well as we started out to the fork a couple of years ago, we were very very close to what they are The main difference is that compound are only on Ethereum
and so you have to be willing to pay those gas fees and let's be honest be one of the larger fish in the D5 pond to be able to really
game benefits from lending in D5 using Compound. They've got quite modest interest rates and
That's not very accessible to the everyday user. The other thing that we, I mean, we've actually got 36, I've been reliably informed that we have 36 innovations on top of the initial compound protocol.
I'm actually not going to shed those all here now because I would like it to be the form of basis of an upcoming thread, I think, that we're going to produce to really highlight that. But one of them is to do with the
So if I've deposited USDC and that's my collateral but I've got a loan against it, if I wanted to withdraw that USDC then I would have to repay the loan and then remove
the deposited USDC then exchange it and then I can go back and re-alike my funds and get the loans back out if I need to do that. Using FILD there's the opportunity to do a direct swap so I can move
the USD/C to USD/T remains as collateral for whatever loans were against it and that can all be done through our projectile using our exchange partners. So that can all be done under the hood.
in one transaction. So really it's using a very closed-off flash-loan for that particular action. But that's just one of the things that's a little bit different. It's interesting. What do you, by the way, cross-chain, what do you guys utilize usually?
I don't really understand the question because we are in multi-chain, we exist on Hiko and Alastair Smart Chain and Carver and Polygon VSC. So it's for users on those chains to do their lending.
on each chain discreetly. There's no cross-chain interactions at this point. That is something that we are investigating and the interior, the idea of maybe boring or one, sorry, lending on one and boring on another, but that has
not been finalised at this point. It's something that we definitely don't want to rush into because we know that this bridges and bridging is a most definitely a weak point security-wise and it's not something that we're willing to take that risk on until it's absolutely locked down.
definitely sorry yeah so you guys are multi-chain not cross-chain this is a big clarification and yeah like definitely I feel when projects going cross-chain they need to really dedicate some time to make sure that the bridges that they're using are safe to keep users user funds safe and sound
Yeah, and we've got, we're in discussions with different bridging options and maybe building one of our own, but it's just trying to find the right fit at the right time before we sort of make that change.
I actually have a question. Yeah, I'm curious. What if you can explain what is the difference between cross chain and multi chain? OK, so this is just how I see it.
If you are on a single chain, then you are interacting with contracts that are all run through that one particular blockchain. If you're a multi-chain, then you are a project that has your contract deployed on several chains.
but users on each chain are technically part of a different protocol in terms of their different contracts that you're interacting with. If a project or a protocol is truly cross-chain, then the contracts interact across the chains.
God, and is there like, what are the pros and cons of, I guess, each one and implications? Great one.
I would say that if you are monitoring, then you are bringing the protocol services to multiple ecosystems. And so that people in our case as a lending protocol, we're giving the opportunity for the positives and savings and
and obtaining loans to these different ecosystems. And the benefit is that everything kind of stays on that chain. The weakness of that, and therefore a benefit of being cross-chain, is that if I were to have funds
assets deposited on polygon. But then I could bridge the loan. I could have accessed the contracts via Carver, therefore using native Carver tokens.
to interact with the protocol over there, although the collateral would still be on the polygon chain. So it kind of reduces a bit of fragmentation. It's not ready yet, but that's
a benefit that I can see. I'm not a big fan of this whole fragmentation of assets. We see BTC everywhere. We see different versions of USDC.
There's a lot of wrapping and unrapping and centralized control of many of these assets. And I think that as DeFi matures, that's something that's going to
either become the norm and we just have to live with this fragmentation and where is this asset from? Nobody really knows, can I actually redeem it on this train?
But we're trying to talk more in terms of bridging, which whilst a definitely an interest of mine and crocheting is an interest of mine, it's not something that builder is rushing to implement at this time.
I got it. Yeah, thank you for that.
But also at the same time, I think it's very safe for really common assets, like as you mentioned, Bitcoin Ethereum, to even have like this wrapper and all of those solutions. But I feel like for coins which tokens are smaller or not as widely used, it's
definitely might be an issue for users if you cannot unwrap it or use it on another chain because it's not available or the bridge is not security add or it takes too long but at the same time I do feel like crocheting and fragmentation of liquidity is the greatest because it kind of really decentralized the token so
So it's harder to exploit it and to do certain attacks to it. So yeah, there's advantages and disadvantages and for sure. No, I hate what you're saying. With the larger liquidity tokens, the Ethereum is the bitcoins than absolutely that's
that's kind of fine and that ship's probably sailed. And in fact in the lending, for a lending protocol, that deeper liquidity is absolutely paramount because there's less chance that there can be any kind of attacks on price spikes and liquidations that can occur as a result of manipulation of smaller cap coins
So we will put assets that are being used as collateral. We'll go through risk analysis before they become a collateralized asset on build and on all lending protocols. When they are not robust and liquid tokens, then
it becomes a little bit easier to exploit the price and move that around leaving users and protocols with bad debts and that's something that we do everything we can to avoid. When it comes to the wrapping and unwrapping issue, I do see what you're saying.
understand what you're saying about decentralization, which is of course a laudable end-game or end result. Having said that if you have decided to bridge and let's just think that we're highly successful and well-individuals, you've just managed to bridge across a thousand Ethereum
From one chain to another, but it turns out that there's actually not the liquidity of the other end then that's a bit of a blocker when it comes to the liquidity if they haven't got the tokens to unwrap then that's not a good thing and the fermentation it becomes a limitation
Alright, so getting switching back to Phil Donkava a little bit. I see three tokens, Kava, USDT, USDC. I got a couple questions around that. Do you plan on adding more tokens and how do you guys kind of evaluate
the risk profile of tokens that you add to that and then just kind of in general what have you seen has been the biggest the biggest kind of like lending and borrowing set and or and then I have other questions to start there.
Okay, so yeah, we're going to start with those three as being the two of the unstable coins. So it's very safe to establish the stable coins as well. So it's very safe to use those collateral. Carver as the ecosystem token.
as the chain token, the gas token, that's always one that we include as part of the collateral assets list. For many reasons, really.
primarily to assist those who are running the ecosystem. So carbon themselves, they need to, I mean, they're, yeah, ecosystem tend to hold a lot of the round token. So if they want to use that as collateral, but without actually selling it, then they're more than half
We're more than happy and they're very welcome to deposit that into our contracts for them to borrow against it, therefore freeing the liquidity. When it comes to adding extra and other tokens, then we encourage other projects to reach out to us and apply for collateralized
asset acceptance for them and then we'll put those through our our risk analysis. I'm not going to lay that out explicitly here but we do it for the safety of all parties both land with the embargoes and filled itself. What was the second party of
question. The second part of the question is what it what have you it's kind of getting in the use cases of filter like like I I I understand it you know as a DJ and the borrowing and lending but can you run through like why somebody would want to borrow and lend out out their assets.
There are a range of different options that give you the news with lending.
in, you know, tradfy and in DeFi. Those strategies are obviously down to the individual themselves. But let's just highlight a couple. One would be the very simple hold, the HODL approach, which is where you've got yourself some Carvers A.
you want to keep hold of that because you see the future being very much carverizing, which I think we're all on that page at the moment for sure. That's why we've joined. So you don't want to sell it, but you see a new project pop up and they need you to buy their tokens using a stablecoin.
So you don't want to sell your carber, so you can take a loan against a carber, be it in a stable coin or whichever token it required or it's just supported. And that frees your liquidity to be able to explore potentially higher APR, Dejan, Deegan, I can't say it like
Sorry, if you want to follow that degenerate protocol and try and explore it using your capital but you don't want to actually sell the car to us then you just take out the load and that can be completely overended so the loan has no terms
be on the fact that you have to pay the interest when it comes to settling the loan. It's not a one year loan or a two or ten, it's for as long as you want it to be. There is also on a sliding scale, so as the demand increases, then the interest might go up, but as the utilization decreases,
This is then it might go down. We've seen that in a few of our chains where new protocols popped up that required a certain asset, then the borrowing would really shoot up. And therefore there was a lot of demand for that token, which means that the deposit APR went up so people then started depositing more to try and catch the APR.
And the circle goes on and on. The other kind of more speculative, and also speculative use of low-dry, low-dry, or scuffed areas, short in the market, you can deposit, say, a stable
and then you can borrow, so let's say I had a hunch or I was reading the charts and I thought that Carver actually might drop a little bit, Heavens a bit. I could deposit my stable coin, I can buy myself the
to borrow some carbon against it. I then immediately sell the carbon for a stable coin, but I've still got a carbon loan. If carbon then drops in price, I can use the stable coin I exchange my loan for to buy carbon at a lower rate.
at which point I can repay my loan and pocket the difference.
So there's just two little roots and there are people out there who have very complex and exciting ways of moving their money around. I think it was Benjamin Franklin who said that the credit is the only way.
was it credit is money, credit is success, something along the lines that if you've got money that's not doing anything then it's utterly useless. So by depositing it into a lending protocol you're both earning yield and interest and you're preying up capital for further explorations.
Totally, you know, I was talking to this guy who basically also uses it to go kind of like neutral on on Providing LPs for liquidity money. He would take let's say like cover USDC you would basically put in USDC
how to leverage money market like Zelda. Absolutely, and you succinctly explained it whenever I try to explain Delta Neutral strategies in voice calls or in putterspaces. I don't do a great job of it, so I did steer clear of that one, but no, you think
Quite a pithy way. It's seemingly beyond me, but yeah, Delta Neutral strategies could definitely be leveraged through using lending protocols. Also that and then also kind of like levering up. You talked about shorting, but you could also go the other way and lever up on the cover-took and
Absolutely, but I suppose that would be the thing to do here. I mean, is this the bottom? We don't know, but perhaps it is. Maybe this is the time to use this for some leverage as well. Yes, to go.
- And let her up on call. This is definitely investment advice. No, it's not. It's not investment advice. - Everyone's disassociating themselves from you now. - Yeah, exactly.
When did you guys go on the minute? I had some community members right now asking Okay, yes, there's late on the on the same 18th 19th January We've not we've not been going too heavy on on the promotion this time. We've been on
to be going for you guys as well as we have AMA, it was kind of mid to late January we put the contracts live and we're still doing testing on other things. In fact I can tell you now that when it comes to
other kind of earning opportunities. Some of the assets that we're looking to add are not sort of just token assets. They are there as a synthetic is the wrong word. LP. So we can we're investigating we're looking into adding the code
Carver 3LP. Carver 3 pool. So dius DC and usdt is one of the pools that you can deposit on on curve on Carver and that will be Carver
a collateralizable asset on the field of intercourse. So you'll be earning your pool rewards and the swap rewards from Curve, but you'll also be able to deposit that and earn the field
the rewards and the interest from outside and whilst that's all going on you're able to borrow a borrow against your LP so it's kind of in a layer upon layer of of this only potential and also again freeing your capital so often do you find that if you are
in LP, yes, the days of 2021 and crazy high inflation liquidity farming may have subsided somewhat, but there's still some good interest rates to be found
in liquidity provision. But that locks your tokens away. It locks your wealth away and in order to free that up, you can deposit that in a builder and use that for, again, exploring other protocols for the adult and youth core for leverage, etc.
In fact, and on top of not just the curve, I mean, other decks is if we will speak to the decks and file, is they can approach us as well if they have LP tokens for assets in their liquidity pool that they would like to get classified if they can
drop us a line and we can have that discussion as well to again free even more capital across the Carver Coaching. Yeah actually on this like well did you guys start already talking to any projects within the ecosystem I'm obviously happy to to
I don't know if you can do that.
the risk analysis then we'll happily speak to any other protocol if we can help and help the liquidity availability on carvetrain. Absolutely. Connectors, ask them to connect, we'll reach out to them. I mean there's elk as well that are on board so we'll look to them.
However you've got K-Purpose as well so maybe we can have a look at their KLP index token. These are all things that we've investigated that we are investigating. But yeah, discussions are always well
Yeah, I definitely here for in like really robust community and collaboration with projects collaborating with other projects as well. I have a quick question for the field to see. I wanted to ask the question.
Go on, was that quick question? Yeah, I'm curious. I've heard the summer was starting asking a question, but yeah, my point is just yeah, like, collaborations and you know, having introductions within the ecosystem and gather community.
is super important for us for you to have as well. Oh, I think it was Joe as well. There's a bit of a lag. Someone's lagging. I'm not sure who. It's probably me. Hopefully.
Okay, so basically I'm curious if you can drop any any alpha on new features that are on the roadmap even if they're you know one two ten years out on on what you guys are looking to be doing had that filter
I'm afraid all I heard from that whole section was the last word builder. So I'm not sure what the question was Joe. Sorry, dude. How about now? Can you guys hear me? I also thank you. Yes. I heard Joe.
Joe was asking, is there any alpha new features that can kind of talk us to us about what you're working on and what you're, other than kind of like the LP positions? - Yeah, so the L, oh my meat.
So I'm having to go through the phone for the Twitter space. No, I am on mute. Okay, so yeah, the alpha is
kind of mainly around the 3LP and the LLP that we're going to open up in due course.
as part of that and because of the carbon rise incentives as the TVL grows
the cover rise reward as it's been widely publicised will funnel into Filters coffers. Now what we would like to do with a reasonable amount of those rewards is pay them straight back to those who have
deposited into our contracts. Whether they get distributed as direct interest bonuses through the contract, which we were more than capable of doing, as well as say, "I know, you deposit USDC and then your interest will be earned in USDC."
But we'll look to add a car for both of us on top of that. So some of those rewards, I should imagine that the lion share of any car for right rewards will come through the platform in that way or through aero drops to those who join in from an early point.
the idea that we're here to get ready for the next bull run and we want to reward those who support us from the outset. So expect the cover rise and the cover rewards to be channeled towards those who use this protocol, use the filter protocol.
from early on. We won't actually be launching a token and this is partly due to the kind of cross-chain discussion that we had previously. We have got tokens on Pico and the Lab Starts and IOTex, but they are all discrete tokens and so
But of course, a little bit of fragmentation, and we're not willing to continue that at this point. We also want to bring out a boat to scroll the ground model for the tokenomics on Builder.
We'll have a cross-chain governance token that can be locked in and can be used to help influence the interest rates on the protocol. Again, a little bit like the curve.
And that's one for the future. But I think the main alpha there is coming early and the rewards will be yours in due course.
Are you referring to VE? You can have a little VE flavor in there? That's the idea, yeah.
But nice, the EES huge, I really think that has a lot of power and potential for everything. It's really applying governance for voting on the protocol is cool, but voting on emissions is way cooler. Yeah, and it's about time here, right?
the fair market or do it when everything's done, get exciting. That model has been audited. It's kind of ready to go, but there are other things that we need to explore, whether we keep them multi-chain or whether we try to go cross-chain that's kind of part of
the consideration as well. I mean, we're also as a as a as a as a lending project as well as being on of Carver and polygons and etc. We are also, I mean, the name filter is linked to file point and we're exploring
developing a bond market for 5GW as well at the moment and that's under development too. So there's lots going on and trying to kind of build it all together and connect it all would really make it a very powerful entity but we're going to keep it multi-chain at this point.
Yeah, I really want to talk about the bond market idea So one of the things that kind of popped up for me recently, and I want to hear your thoughts on this is that kind of like these VENFTs and FNTs that are that are
came out within the last year. Obviously solidly created the VENFT with the lock up and these bond markets. Are you going to structure these bonds as token contracts? Are you going to structure them as NFTs?
This is moving a little bit away from Carver. So if you have to be able to talk about this then I will. But also it's kind of part of a hackathon effort that we're currently doing with Filecoin. This is kind of us, it all comes down to this freeing of
capital liquidity. Filecoin miners will stake their FIL tokens and then they cannot access those. The idea behind our bond protocol is that it allows the Filecoin miners to
use the Filecoin EVM and the contract that we have for there to buy a bond or to rather to sell bond which will then free up capital for themselves.
And the interest is still able to be earned from file command mining. But again, it's that kind of free of it. It will be through smart contracts, rather than NFTs. That's not to say we haven't looked into and we aren't looking into NFT lending as well.
But that's just the idea of collateralizing an entity. It's exciting in many ways, or it's kind of interesting how all these entities that do have a value. The tricky thing is that
how can you just set on a floor price and then that floor price, absolutely tanks and there's bad debt left over. So it's a really delicate and risky situation to explore. I mean, we're going to get, well, like, a 10% availability of funds on an NFT.
is that really very useful or how we're going to be able to grade the quality of an NFT? There's a lot of fun pack, but it's on the radar. So I've got to look at that. I've been here a little bit more. Some of these VENFTs, FNFTs that are coming along are effective
bonds. So like, when like on this voter escrow and like, curfew didn't do this but unsolidly forks. Effectively what they do is you lock the token and then you get the vote based upon locking the token and then whoever holds the NFT at the end date, the NFT converts and the token is unlocked.
Which is really interesting One of the things that I think like the seems like your approach is that it with the smart contracts, you know, you're not You're you're kind of beholden to like particular front ends and it sounds like you're doing something very innovative there and
though in terms of, it almost feels like liquid sticky. Would that be correct? It does feel like that is. It's also pretty niche, you know. It is specifically for farcoing this particular bond market, but then it's also kind of a massive and, you know, the biggest decentralized storage platform. So it's kind of worth
Investing in that side of things. Yes, I hear what you're saying about locking it to that front pen And that's why we're kind of not brushing to Push a new product of that type or that that transferable style of product at this point
It's a bit risky, basically.
Yeah, there's risk in everything. There's risk in doing nothing. We all die eventually. Of course, which is why we throw ourselves at a carver and a bit of current chain and then we try to add them up as best we can. But you've got to think about a little bit of caution from the cake.
That's awesome. What would you like us to ask you that we didn't ask you yet?
To be honest, I think the one thing I really wanted to share was about the early adoption and the early utilization of the protocol to lead to the Carver Rise Award being distributed. The main thing I wanted to share today
just because it would have been so easy for us to really drive users into the, I mean, it's not very, there's very little TV on there at the moment. We have very different way of outreach, we've not done all that much, we have encouraged people, but this is kind of a main part of how we try to encourage
use of our platform. If the TBL were to rise and the cover award becomes channeling into us, it would be really easy for us to take those and use them as protocol revenue and reward ourselves. It's not our ego
It's not what we're looking to do. That's why we're on all these different chains. We're trying to give the opportunities to the smaller users, the smaller balances, to allow them to experience and to unlock their tokens. So we want to reward those as well.
I don't have the final value of how much we're going to be sending out from the Carver Awards. We do have our own overheads, of course, and deployment costs. But we really want to make sure that everyone realizes that the Carver Rise Awards will be
battle back into the Carver community by a field of lending and borrowing. I mean it doesn't just have to be deposits. It doesn't just have to be deposits that can earn Carver's the Carver Rise Awards.
It can also be those who are taking loans. So if you want to get a lower rate on a loan, then you can have the Carver Rise for wards to the loan side as well, which would be a key wipe. And it makes even more attractive to Borrow. So that's kind of what we're looking to be. Come and join us.
be an early way for those air drops and see the Carver Rise rewards coming back to the community. What drops? Did I hear a very good drop? Yep. That's for earlier drops, so it could be a way of distributing the Carver Rise bounty.
I also have a question, Greg. Where should the community keep up with field of any upcoming rewards or any updates? Because we have our field of community telegram group and
We're on Twitter as well at Phil the Finance. So yeah, at Phil the Finance is a good way. It's a good starting point and from there you can find your way onto our Telegram group as well. And you're more, everyone is more than welcome to come in. So hello, asking questions.
and just generally be friendly.
Yeah, guys, you heard so if you want to speak to keep up with field that please, you know, join their Twitter and also a group on Telegram. Um, that would be for any air drops and updates that are
the team is pushing. I also want to ask you about the social networks. I believe you guys also have big Chinese communities here.
Sorry, can you say that I got a big?
Chinese community. Oh Chinese yes, Lydia. Yeah.
Yeah, so there is a Chinese telegram group as well and there are some WeChat groups as well to find out about that side of things, but if you come into the global community then I can happen or we can happily try to meet towards where you need to go.
There is a large Eastern contingent that is the part of us. We're registered in Singapore, but we have just Asian user base as well.
Same with us, same with all of us.
Global, everywhere, everyone's everywhere, that's the point.
I mean, I'm clearly not. I'm clearly in the UK and I'm the outpost for the West for a filter.
Yeah, and yeah, we are all based in, you know, in the northern hemisphere or in the west. So you're holding the D5 front here. That's it. Please debate here.
It's been awesome. Brian, this is Brian Colligan from Folgroth. We help people get grants and stuff. Then we help, you know, get introduced to Kava. And I think that, you know, there's a lot of potential here, especially in the Kava Rise rewards and how you're going to be pushing
and air drops back to the community and taking those rewards and compounding it back to retail or have protocol or revenue. Lots of different games that we can play there. I'm very excited to have you guys on board and very excited to see what happens. Thank you very much for your hospitality. We're pleased to be here and let's be here for a long time to come.
Thank you Greg so much. Thank you Tommy also for joining us Yeah, pleasure guys. Thanks for having me. Thanks to many everyone take care