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Ecosystem AMA w/ Layer 0, Altlayer, and Seif Wallet
Recorded: April 12, 2024 Duration: 0:56:31Space Recording
Full Transcription
Yep.
Can you hear me just fine?
Yes, sir.
All right.
Nice.
Excited for this one.
We got some really exciting teams here today for this week's ecosystem AMA.
As always, my name is Joe.
I've been working at the SAFE Foundation for about two years now on the growth and marketing
team alongside Grover.
Grover, would you like to introduce yourself?
Yes, sir.
Thanks, everyone, for hopping up.
So, yeah, my name is Grover.
I'm the head of marketing over here at SAFE Foundation.
Yeah, I've been with the team for a long, old time.
But yeah, it still feels early.
So, great to be up here and catching up with some chads.
I think we've got some ballers coming up to the stage today.
So, excited to get chatting.
Nice.
Thank you, Grover.
So, we can just go ahead with the order that I see.
Will the representative from Alt Layer like to introduce themselves?
Good morning.
Good evening.
Yep.
Good morning.
Good evening.
This is Dorothy, head of growth at Alt Layer.
Really excited to be here today and share more about what we do at Alt Layer.
Hey, thank you for coming.
I see we have a mad lad, Kenny, from Layer Zero.
How's it going, Kenny?
Yeah, of course.
Always happy to rep the lads.
How's it going, everyone?
I'm Kenny.
I'm the ecosystem growth lead at Layer Zero.
We are a permissionless, censorship-resistant, and immutable interoperable protocol that enables
anyone to send any packet of data from one chain to another.
Hey, I like the pitch.
Very simple and to the point.
Thank you for coming, Kevin.
Excited to, or Kenny, excuse me, excited to hear more about you guys and more about you
personally later on in the spaces.
Yeah, absolutely.
Thanks for having me on.
Awesome, awesome.
Alex, GM.
Good evening or good morning, everyone.
My name is Alex from SAFE.
I am the VP of Business Development at Hatchelabs, the team behind the wallet SAFE.
I must admit, this is my first AMA in my life, so I'm very nervous, but also very excited,
but also it's past my bedtime.
So a mixture of a lot of emotions.
But really quickly, SAFE, we aim to be the world's first, passkey-first wallets in the
Web3 space, whereby users can simply create a wallet and sign a transaction with their
Face ID and Touch ID alike, becoming the fastest wallet on the fastest chain, of course, SAFE.
Awesome, awesome.
Welcome, everybody.
I'm super excited to hear more about that as well.
I think Face ID has allowed me to spend a lot of money lately, so it's made things really convenient.
So I'll probably have a lot of NFTs if Face ID becomes really convenient.
But let's go ahead and kind of learn more about that.
Not financial advice.
Not financial advice.
Yeah, not financial advice, of course.
Everything we say.
I'm just an average Joe here.
So, yeah, let's go ahead and kind of dive a little deeper into the teams here.
I would love to hear from the people who joined us, why they decided to build on SAFE.
You know, what is your vision for building on SAFE?
We can go ahead and start with Altlayer.
You know, we've recently announced with you guys we have a lot of work behind the scenes.
What kind of made you guys decide to build with SAFE or build on SAFE?
Yeah.
And then, like, so far, people have been seeing a lot of EVM-based roll-up stacks that have been used by a lot of the projects.
OBSTAC, Arbitron Orbit, Polygon CDK.
These are all the popular or familiar roll-up SDKs that are normally used.
But one thing that is definitely missing is parallel EVM capabilities.
Kind of the reason why Solana has been doing pretty well lately.
Solana's performance is just super fast, super cheap, providing a lot of room for meme coins or deep-in projects to grow.
And that's kind of something that's missing from the Ethereum ecosystem.
And we believe SAFE, with the parallel stack that SAFE is providing, we can kind of fill in that gap.
We can offer something that marries the best of both worlds.
The speed and performance of Solana and the decentralization and the openness and the, I would say,
more of the crypto spirit that Ethereum community has is still, like, very strong.
I still love Ethereum and everything Ethereum does.
We just feel that this kind of high-performance stack would bring a different flavor and different possibilities to the Ethereum community.
That's why we're super excited to provide the parallel VM with SAFE.
And so we cannot wait to share more about this.
Yeah, I don't know, Kenny, if you wanted to jump in there.
Otherwise, I've got some stuff on that from the SAFE side as well.
Yeah, absolutely.
So from our perspective, the goal of Layer Zero is to be on every chain L1s at some point.
And so for us, we want to be completely chain agnostic.
We want to be able to expand to all these different chains, offering a bunch of different scaling solutions.
And so for us, we get to see a lot of these because, you know, when we deploy to different chains, we get to see everything from L1s to L2s and L3s.
And obviously, over the past few months, there's been this huge narrative forming around Paralyze EVM.
So in essence, for us, you know, deploying to SAFE v2 is kind of a no-brainer.
And then, you know, when it comes down to it, we want to be able to offer our existing developer community the chance to build on SAFE v2 and do so easily through Layer Zero.
And similarly, for, you know, SAFE developers looking to deploy to other chains that we already support, we wanted to provide an easy pathway for them as well.
Very well said, Kenny.
You know, a side question.
Do you know how many ecosystems Layer Zero is connected to or how many, you know, because, like, we've had Pith on before and they've said, oh, Pith is connected to, like, 400 chains, for example.
Is there a number for Layer Zero that you guys have?
Well, 400 is crazy.
But for us, like, we have Layer Zero endpoints deployed on.
Right now, I think the count is 65 chains.
There's 65 chains.
Awesome, awesome.
I can't name 400 chains, man.
Can you name 400 chains?
I definitely just made that up.
There was a four in there somewhere.
But, okay, thank you.
Very impressive.
Let's go to SAFE wallet.
And am I saying this correctly?
SAFE wallet.
It's a very clever name.
Thanks very much.
I will give our developer the credit who came up with it.
But, yes, you were saying it correctly.
Awesome, awesome.
So, you guys are kind of a recent entrant to the SAE ecosystem.
You know, what made you guys decide to build on SAE?
Yeah, good question.
So, while we very much feel like we are pretty much like a baby in the SAE ecosystem, we do consider ourselves, at least in the APEC region, to be more like a grandpa figure.
Actually, Hetchy Labs, so the team behind SAFE, we were founded in 2018 under the vision of bridging the future of digital ownership for everyone.
So, we first started off as a top-tier Web3 smart contract security auditing company called Hetchy Audit, which later became Kalos Auditing.
We were the first company to have received a grant from the Ethereum Foundation, and then slowly moved on to the wallet space.
First, it started to cater to a lot of the centralized exchanges out of Asia, namely Indodex and a few other major Korean exchanges, and then pivoted to a Web3 gaming wallet SDK called FaceWallet.
FaceWallet is partnered with some of the largest AAA Web3 projects, such as Nexon's MapleStore Universe, Square Enix in Japan, or Ubisoft out of France.
So, we have been operating as a direct service provider for a lot of the Web3 projects, while maintaining this sort of loose partnership with a dozen of L1s and L2s, but definitely not 65 chains.
But we met up and got connected with SAE through more of a happenstance, having gone through a lot of the major Web3 conferences.
I got connected to the head of Korea at SAE and got to learn more about the parallel EVM, and I really echo what Dorothy said about the power of parallel EVM in the tech space.
Our devs were very excited about this impact and the upcoming potential in general, but it was kind of coincidental that, meanwhile, FaceWallet was focused on completely replacing the need of seed phrases or the MetaMask experiences with social login.
We've been running that for two years, and we wanted to elevate that experience by implementing the passkey technologies, so as mentioned, so that people can easily create a wallet and sign a transaction with their FaceID and TouchID.
And right around when we were about to launch our product, right now we have a waitlist product where you can create a wallet yourself via SAE.red, S-E-I-F.red color.
We are actually launching our main product right around the time when SAE is launching their V2 mainnet.
Plus, Korea holds around 20% to 25% of the entire liquidity of SAE, of course, being the kimchi premium blend, I guess.
So all of these things combined, it made perfect sense for us to work with SAE, and as you mentioned, we're super new here.
So it's been very overwhelming to receive a lot of support and love already from the SAE ecosystem, so we're very excited.
Hey, I love it.
There's no way this is your first spaces, is what I was thinking when you were talking.
Very well said.
Excited to hear you.
I'm sweating like crazy.
No, dude, you're doing great.
At least with spaces, no one can see you physically, so no one knows you're nervous.
Yeah, we're all sweating.
It's okay.
It's okay.
It's behind the profile pictures.
My wife was very surprised that I was putting on a pajama, so she's like, I thought you had work to do.
And he has a wife.
Are we sure this guy's in crypto?
Like, I don't know.
Yeah, that's a bit of a red flag, to be honest.
No, that's awesome.
Yeah, maybe I'll jump in here on the SAE side.
So I guess, rewinding a little bit, so SAE, high performance Slayer 1, we are focusing on a couple of things right now.
It's mainly focusing on time to finality.
We think that's super important.
So SAE, that's when we say SAE is the fastest blockchain, that's the fastest time to finality of any chain.
We think throughput, just an atomically composable, like one blockchain, top to bottom, is probably one of the most important things you can do, is to try and build out this high performance blockchain.
So similar sort of thesis to a lot of other teams right now, like Solana, SWE, Monad, these guys, all very similar sort of thought processes.
However, we just differ in a couple of places here.
So we think the EVM is here to stay.
So that's why we're going to propose to integrate the EVM into SAE in V2.
And this will be the first paralyzed EVM, sort of high performance, first time to finality EVM that I think will be a massive step change for everybody building in that space right now, which is a lot of people.
I think it's nine out of ten devs in crypto have built on at least one EVM chain.
So, yeah, like going, I mean, all of these teams here today, we can talk a lot more about every single one.
I think we can get really into the weeds.
But, yeah, super stoked just to be working with other really, really sick teams in the space and getting to chat about this stuff live.
So, yeah, a little bit about SAE there.
Awesome. Thank you, Grover.
Yeah, I forgot to bring that up to give some, you know, audience members some context.
So I do have some questions pulled from the community that I would love to ask you guys.
I think we should keep the same order, starting with Alt Layer.
So as we all know, Alt Layer introduces a novel concept of restaked roll-ups.
Could you kind of explain how this would integrate with, say, Parallel stack and the potential impact it has on other Layer 2 solutions or Layer 2 solutions built with the stack?
It's kind of a loaded question.
So just feel free to give any context, you know, you'd like, really.
Yeah.
Yeah, I think I will start with explaining what is really a restate roll-up.
A restate roll-up is something we co-authored or co-created with the Eigenlayer team.
We have our own proprietary technology to essentially decentralize roll-ups.
As you may know, there are a few key components of a standard roll-up, including sequencer and validators.
And for a standard OP stack or Arbitrum Orbit roll-up nowadays, they have single sequencer.
And they either don't have fraud-proof or they have centralized validator, which means all these roll-ups are super centralized.
And we need to place a lot of trust with them to kind of be confident that we can safely use these roll-ups.
And we believe decentralization is very important in crypto and having fraud-proof and decentralized validators are essentially the most important component of a roll-up that shouldn't be compromised.
That's why we use our proprietary technology to decentralize the sequences and validate us.
And we can welcome the community or the experience node validators to run all these nodes.
And here comes the part of how Eigenlayer contributes.
As everybody probably noticed, Eigenlayer is really providing something what I call staking as a service.
Eigenlayer is offering the ETH node validators that are operating Ethereum nodes at the moment
and all these staked ETH assets on Ethereum and ETH to new blockchains, their lending security or sharing security with all these new projects, new blockchains that might need experienced non-validators
and need valuable assets to provide security guarantee for their own network.
And as I mentioned, we use our own technology to decentralize all these roll-ups.
And now we want to also introduce all the ETH validators and restake ETH assets to all these roll-ups.
So they are essentially borrowing the economic bond provided by Ethereum.
So there are a few benefits for all these new projects, running roll-ups, running layer twos or layer threes.
The first benefit is that it's a great bootstrapping strategy where they get to enjoy a big,
a very big community from day one within the eigenlayer ecosystem, within Ethereum community.
They also get a very large amount of ETH assets as their economic backing from day one.
So they don't have to build their own validator program from scratch and to try to attract and maintain a big validator set that's decentralized enough.
And that saves a lot of costs, that improves efficiency, and that saves everybody a lot of work.
And another main benefit of having restate roll-up is that you can also kind of distribute your token rewards as staking rewards to your community from day one.
All the communities who stake their ETH assets and secure the network from day one will get rewarded right away.
And you kind of put or distribute your tokens with the right community from the get-go.
That's another great benefit that's very attractive to a lot of projects.
And we have just launched our first two AVSs last night.
Our first one is Mac AVS operated by Outlayer.
And the second AVSs is something we built for Xterio, a leading gaming project in the space.
And the dual staking pool has already opened for both AVSs.
You can check it out on our Twitter account or check out our website to find it out.
And speaking to the benefit or having restate roll-up for parallel stack offered by, say, it's pretty self-explanatory.
As I just mentioned, if you have the Ethereum node validation service offered by Eigenlayer from day one, you don't have to worry about having to run your own validator program,
having to recruit validators and verify their legitimacy.
And you can already tap into the $11 billion worth of TVL or security backing offered by the Eigenlayer ecosystem.
So for any new project or any new roll-up, it's super attractive to tap into that ecosystem and get that security guarantee without much hassle.
And on top of that, all these Layer 2, Layer 3 projects can also kind of distribute their tokens to the community for providing validation service
and staking activities on these different AVSs.
So we are super excited to see the parallel stack to go online.
And so we will be super ready and we'll get all these different roll-ups across the line.
Nice. Yeah, maybe I'll chime in.
So I think it's useful for some people, like we've got this parallel stack sort of conversation going on.
And I think some people go, wait, what's this got to do with L2?
What's this got to do with Say?
Okay. So something that we realized is that it makes a lot of sense.
Like we're building out, obviously, Say, as a paralyzed EVM.
There are a lot of teams that want to follow this modular roadmap, right?
We don't necessarily think that's the best possible way to build a blockchain.
However, there are builders who say, hey, we're going to follow this roadmap to scale Ethereum.
We're going to build Layer 2s.
So, okay, well, what options do these guys have?
Right now they've got, well, you know, there's a few different stacks like Optimism, a few sort of that are in production today and being used.
But none of them have, you know, like paralyzation, right?
So why not go ahead and be the people to ship a paralyzed EVM solution for Layer 2s, like teams that want to build and deploy Layer 2 projects?
So this is something that we're running, and this is not a pun in parallel with, say, V2.
So that is, yeah, something that we'll get into much more probably in the coming months.
But we think that this should become like a no-brainer.
It's like, hey, I'm shipping a Layer 2, and I want to have the highest performance, the most performant Layer 2 possible.
What stack should I use?
And it should, in theory, be, say, parallel stack.
So this kind of helps, say, in a few different ways, primarily because you have the shared sequences set that's being provided,
or the sequences being provided by the, say, validators set, basically.
But that's a little piece from our side, like how does this fit into the jigsaw?
Like why does this make sense, per se?
So, yeah, it's another really cool project and something we think is going to be, yeah, exciting in the coming months.
Awesome. Well said from both Grover and Dorothy.
Thank you for sharing, Dorothy.
I think a lot of the audience wanted some context on Alt-Layer and all the cool things that you guys are doing.
So, all right, let's keep it moving.
I do have a question for Kenny from Layer Zero.
So, we all know that Layer Zero facilitates, you know, omni-chain applications, cross-chain applications.
You know, how is the process of integrating, say, V2, if you have any context on that?
And, you know, how do you see this changing the game or adding something new to the crypto world, if any?
So, yeah, is there any status on that?
We do know that Layer Zero will be on, say, V2.
How has that integration been looking?
Yeah, exactly.
So, right now, for Layer Zero, as mentioned previously, we're live on 65 chains.
And so, 64 of those, I think, are EVMs.
So, you know, a huge focus on the EVM for developers building on Layer Zero.
And because of that, for EVMs, it's a little easier since there's less custom work required for some of these non-EVMs.
You know, that's not to say that there won't be Layer Zero support for more non-EVMs in the future.
But for EVMs, it's very easy for us to kind of deploy an endpoint there.
And so that's what enables us to be live on a chain like, say, on day one of mainnet launch, right?
And so what we offer for developers is really a completely configurable security stack.
So how Layer Zero works, in principle, is we deploy an endpoint on each one of the chains that we support.
And then we have our modular security stack that kind of sits in the middle.
And in V2, we've onboarded what we like to call DVMs, or Decentralized Verification Networks.
And the idea being that because Layer Zero is a permissionless protocol, not only can anyone build on Layer Zero,
but anyone can also verify cross-chain messages sent from the protocol itself.
And so the idea here is the DVMs that sit in the middle, they each have their own independent verification method that lies somewhere on the cost security scale.
And that will ultimately make it much easier for developers to kind of choose which security stack best suits their application.
In theory, we don't necessarily think that, you know, a game sending like a bunch of two-cent NFT transactions should have the same stack as, let's say, like a lending protocol securing billions of TVL.
And so we're able to kind of differentiate and offer a better developer experience for both of those.
And I think that really goes to show the strength of like the use cases that Layer Zero supports.
We have myriad use cases across gaming, NFTs, DeFi, and then even capital markets and enterprises as well.
It seems like not your ordinary bridge, like most people think.
A lot of stuff happening behind the scenes.
And that's something I didn't even know about the endpoints and stuff.
So thank you for providing that context.
All right, let's go ahead to SAFE.
So we know that SAFE aims to revolutionize the wallet experience.
So, you know, can you talk a little bit more about the features that SAFE has,
like the PASCII-first authentication and how it increases the transaction speed and user experience?
I know you mentioned it a little bit earlier in the space, but now's your time to really let us know.
I'm excited to learn more about it as well.
Sure.
Well, I want to first start off by saying that in the grand scheme of things,
I think there is a huge room for improvement overall for the UI UX in the wallet space,
as it sits at the very beginning of every Web3 activity.
I think this goes out to all the wallet infra providers out there.
I think we're in a still very early phase where we should be cheering each other,
support each other for the sake of driving this ecosystem forward.
Because, again, I think Web3 has a long way to go in terms of the mainstream adaption.
In that light, we find it very interesting how the Solana ecosystem has risen and succeeded around
like the meme coin culture and the investment with Bonk, Whiff and the like,
because it provided a very effective environment to do so,
part of which was, for example, the phantom experience, right?
So there were a lot of the wallet providers that thrived in the Solana ecosystem.
And I think that had a lot to do with the Solana-specific features
that were provided by a couple of the wallet providers.
So in that light, yes, by enabling PASCII technologies,
the onboarding experience will be super fast.
The transaction speed obviously is very inherent with the layer stack.
So we obviously rely on, say, fastest transaction speed.
But at the same time, we do hope to bring in, obviously,
some of the generally improved wallet features such as in-wallet staking, NFT staking.
We go insofar as, you know, can we realize the fractionalized NFT markets
through the wallet experience?
Can we enable in-wallet listing?
So on and so forth.
So these are some of the features that we have as part of the product roadmap.
And it's very exciting, specifically, per se,
because as developed as Say is, when it comes to the technology,
as well as the liquidity, it is still very, very young.
So what I said about, you know, in the grand scheme of things,
wallet has a very long way to go,
applies even more so for the Say space, which makes us very excited.
I 100% agree on that front there.
Like, just on that point, like, Say is definitely super young.
And in order to, you know, like, the whole point of being in this spot
to build this blockchain in the first place,
the whole reason we're doing it is so the applications can come on
and build on top, and then the user experience can improve over time.
So I think, you know, like Layer Zero,
like, making sure that there's, like, cross-chain messaging
kind of Say is plugged into the wider ecosystem,
like, is super, super important.
So, like, super stoked for Layer Zero to connect to Say.
I think the track record on their side speaks for itself.
And then when it comes to, like, better improving the user experience,
just, like, directly not having to handle C phrases, right?
That's, like, just a huge step change, I think, in the right direction.
Because right now, like, user experience across pretty much every blockchain
is just abysmal.
Like, from speaking personally, like, trying to use any of these apps,
trying to, like, move my tokens around, it's just a nightmare.
You've got to figure out so many things.
You've got to find out the trust assumptions for the bridge you're using.
You've got to figure out, like, you know, is this, like, a good idea?
Is this safe?
Like, what's the implication of me using one bridge versus another?
And then when it comes to wallets, just, like, handling seed phrases,
like, you know, never touch that stuff.
Like, who am I entrusting here?
Like, where am I storing this thing?
It's just a minefield.
So, yeah, there's a lot of stuff here that I think is being worked on
by these guys.
And, yeah, super excited for that to come to fruition on C as well.
So, yeah.
Yeah, Alex, I have a bit of a follow-up question.
And I'm sure a lot of people are curious, too.
How come other teams haven't implemented, you know, Face ID
and these, like, unique PASCII innovations like Safe Wallet is doing?
Is it as, and also, is it as secure as the traditional 12-word,
24-word seed phrase?
I'm sure this is maybe a question you guys get a lot.
No, absolutely.
I mentioned earlier that we aim to be the world's first PASCII-first wallet.
And what we mean by that is we, what the experience that we're trying to emulate
is that based on the PASCII technologies, we are enabling users to create the
EUA wallet directly from the PASCII itself, meaning it's completely replacing
the private key, the seed phrases.
There's no incident whereby users have to interact or even remember the passwords,
all of which is possible because we are primarily based on PASCII.
The difference between that and using PASCII as, for example, a 2FA is, for example,
when a user logs into Binance right now or even a Gmail account, PASCIIs are encouraged
to be used as a 2FA, but as a main methodology of authentication that is not based on the
PASCII, it's based on your email and password, which you mentioned the security aspect.
If you lose that, that is your main source of truth that you're going to lose, right?
So if you write that down somewhere on the fridge, whatever, it's essentially,
at principle, the same as the seed phrases in terms of the risk of it being hacked or
it being stolen, whereby if we are primarily PASCII-driven, what it actually means is that
once we launch our Chrome extension by the end of this month through your web browser
or your mobile devices, through your Face ID or Touch ID or the equivalent in your Android
devices, you don't need or users don't need seed phrases or private key import or export.
Your mobile phone essentially functions as your ledger device.
I think nowadays it is not an exaggeration that your phone or your mobile device is essentially
part of your body because we carry it at all times.
So we believe that when it comes to the security, that is far safer, pun intended, than the seed
phrases and the traditional methodologies.
And the other part is in terms of the data.
A lot of the misinformation, even when we were running a face wallet, a lot of the misinformation
misinformation is that around where the data is being stored, right?
So for in our cases where the PASCII is saved in the actual user's device and nowhere else,
meaning there's no data being stored in the safe server, for example, and the biometric
information such as Touch ID or Face ID is encrypted through the PASCII.
And it's provided by iOS and Android, meaning that the level of security in the technology
is as safe as the development of iOS and Android.
So it's in accordance with their safety standards and the security standards.
We hope that when it comes to privacy, the individual information, it's far safer than,
you know, traditional methodologies of their email addresses, phone numbers, biometrics being
stored in some sort of centralized server.
So this is how we aim to tackle.
And then, of course, we'll keep improving.
We believe this is how we want to be known as the world's first PASCII first wallet.
Awesome.
Awesome.
Very well said.
And thank you for the very helpful context.
I've always been curious about that.
And I'm sure I'm not the only one that was curious about it.
So thank you, Alex.
Appreciate that.
Okay.
So let's do one more round of questions before we open it up to the community to see if they
have anything to ask for themselves.
And then we'll wrap it up and, you know, get back to building before the weekend.
So let's do this one from the community.
You know, what advice would you give developers or teams considering building dApps on, say,
or on any ecosystem, right?
And also, how can the community get involved with you guys today?
I think that's a very important one, too.
Everyone listening, please make sure to follow all the teams up here.
Maybe even give Grover a follow, too.
He's got some good tweets sometimes as well.
But make sure to follow all the teams.
And then let's start with Dorothy from Altair.
So, you know, what advice would you give some teams?
Yeah.
I think for teams who are building applications, such as gaming project or social network or
derivatives protocols, it would be pretty hard today for you to stand out from the crowd
as there are just too many little ones and too many applications.
It's very hard to grab attention in this market environment unless you're a meme coin.
I feel like it's just a lot easier to do a meme coin nowadays than a real project.
And we're here to help you because we are working with over 40 projects.
A lot of them are applications.
They have the right product.
They have strong community, but they might not be able to get enough attention just by
deploying on Arbitrum or a Cosmos chain.
So right now, a lot of these projects come to us and they want to launch their own layer
two, their own layer three.
And we support, say, VM, we support different data availability layers like EigenDA, Celestia,
NearDA, Avail, et cetera.
We can help you customize your chain based on your requirements.
And you can easily get your dedicated roll-up customized and set up within five minutes.
And you don't have to worry about the deployment or the maintenance.
We'll run the chain for you and you don't have to worry about anything.
So you can just focus on what you do best, which is to build out your application and grow
your community, make sure your community is happy and well-served and well-handled the
rest.
And feel free to contact me or my team through Twitter or email, et cetera.
Kenny, I know Layer Zero, you guys have worked with hundreds of teams by now.
You know, so you guys have to have the experience, right?
You know, what are some things you would recommend for new builders coming into the scene?
Yeah, absolutely.
I think what we've seen in a lot of instances over the past few years is that security is
really paramount for a lot of developers.
We've seen, you know, protocols get exploited or hacked for, you know, a few million to a
few billion dollars.
And some never really make it back, right?
And so in the cross-chain space, we've seen that play out a bunch of times, either through
the use of, like, multi-sigs or upgradable contracts.
And so for Layer Zero, we offer basically a security stack that's, you know, makes it
like very difficult to make it like any sort of attack vectors or welcome any sort of attack
vectors for projects building on Layer Zero.
And so we've done that with our completely modular security stack, but also like upgradable
contracts, right?
One of Layer Zero's core principles is immutability.
And that means all of our contracts are non-upgradable.
You can opt into certain messaging libraries and verification libraries that we'll put out,
but that's not an absolute must for a lot of developers.
And so I think those things make Layer Zero, building on Layer Zero feel very safe, right?
We're there for a completely future-proof verification.
And I think that's why we're so excited to expand to Savi, too.
We're excited to give these developers, building on a paralyzed EVM, the chance to build on a
truly sensitive, resistant, immutable, and permissionless interoperability protocol and
to tap into kind of liquidity and developers from other chains as well.
Hey, thank you.
Thank you, Kenny.
All right, Alex, you know, what is some advice you would give to builders?
And, you know, how can people get involved with SafeWall today outside the waitlist?
I think that's pretty important.
And also, if you guys are in the audience, please feel free to start requesting if you
have any questions you want to ask directly to the teams up here.
All right, go ahead, Alex.
Yeah, definitely not in the position to offer any advice here.
We're just starting to learn more about the, say, ecosystem.
Maybe I'll share just a couple of things in terms of what gets us very excited about this
ecosystem and how we hope to work with a variety of different builders in this space.
First is, I think what I want to almost ask a lot of future builders in the, say, space is
what would you build if all of a sudden Solana becomes completely compatible with EVM?
If you think in that light, I think that's pretty much exactly what's happening with, say.
So with the V2, you know, there is a parallel EVM and the Cosmosm support.
It's going to be the explosive collision in terms of the liquidity growth, in terms of the
DeFi protocols and projects being onboarded on a daily basis.
So I think that in terms of the technical spec and the environment, it is such an exciting
space for you or for any builders to leverage that parallel EVM and also Cosmosm environment.
So the key question I have in mind is, you know, what would you do?
What would you build if there is a Solana compatible with EVM?
Which I hope to, you know, spark some ideas.
The second part is, I would say it's been maybe a couple of months since our team has
gotten familiarized with the SAIT ecosystem.
And we could tell how active and strong SAIT's NFT and meme coin communities are, namely SAIT's,
Crypto Monos, Outline, so on and so forth that we're familiar with and would love to keep
talking about.
So I think utilizing a lot of these major NFT projects and meme coin communities is pivotal.
So if you're, you know, thinking of any dApps, whether you're in the space of DeFi or NFT,
I think think of some ways to really best leverage these communities.
So essentially an idea that works across all of these projects where we are building off
of each other should be the principle for anything that you build in this space.
So we live by that principle and that's how we want to keep building in the SAIT space.
If you want us to support your integration and enable the PASC experience as part of your
own dApp experience, my DMs open, talk to us.
It's again, safewallet, safe.red.
Hey, it's always a very big green flag when the founder of a SAIT project is repping a SAIT NFT,
right?
There's not many things in this world that you love to see more than that.
So, okay.
I have a crypto hunter wants to come up and ask a question.
We'll bring him up and then we'll probably have some closing statements and then we'll
wrap up the spaces.
So once he gets connected, we'll, we'll see.
So GM, sir.
Crypto hunter.
You are yielding me the mic and it's really an honor to be in this AMA with very great
minds.
Very nice to have you on board.
Alex of SAIT wallet, Kenny, and also Dorothy of Alt Wallet, layer zero and alt.
So I want to start my question directly to SAIT wallet first.
That's to you, Alex.
So we on SAIT, we would like to know exactly because this is a question that's coming up
from my community.
What exactly can we start to do right now on SAIT with regards to interactions?
So do we have to wait for V2 to come fully online before we can now start to interact
on your wallet or do we have some interactions that we can actually start doing right now
just to be in line with what your wallet offers?
That's for you.
Then for layer zero and alt layer.
Yeah, alt layer.
Very glad.
I'm very happy for you guys.
I got your airdrop when you launched.
Thank you very much.
I want to use this opportunity to say thank you for that.
Can you hear me?
Can I go ahead or I'm rogging?
Can you hear me?
Yeah, we can hear you.
Okay.
Yeah, that's fine.
So I'm very sure Alex, you must have heard me.
If you didn't, I could repeat it.
So for alt layer, I was saying I'm very glad I got your airdrop.
Thank you very much.
That was a very great launch.
But then we know that your platform is more for dev.
More for dev.
So what happens to the end users?
What is the benefit of this, how could we call it, this collaboration we're having now
with say, this integration with say, what would be the benefit of end users?
Not really for the dev, but for the common users.
How would they now benefit from this collaboration and from this integration we're having with say?
So the same question will also be directed to Dorothy, or like to know exactly, for the common user.
If you get back to our community now, everybody's excited that very huge players like layer zero and alt layer are joining the say Econnect system on V2.
So how would the common person, the common user benefit from this integration?
Yeah, thank you.
Thank you for your question.
I'm very glad you got our airdrop.
I'm glad they got into the right hand.
So I'm, I'm, I'm, I'm, I'm actually curious.
Um, I got one question for you.
Have you staked your alt tokens on our platform yet?
Yeah, that's a very good one.
So the problem I had immediately cause personally, when I get airdrops, I go straight out to stake them.
But there was a little bit of delay from your team before this staking platform came up because I was actually waiting for the staking.
I searched everywhere, asked questions about where we can stake alt, but nothing came up.
But I think I've just seen now that you guys have brought up something.
I'm not really sure yet.
I just tried to pull it off from your page, from your handle.
So maybe you can also enlighten me on that.
I would very much be very glad to have some stake.
I think a lot of my tokens.
Yeah.
Yeah.
Um, as I mentioned earlier, we just launched our re-stake roll-up for Estereal.
And they're, they're like a gaming, gaming project backed by, um, one of the world's largest gaming studio, PhonePlus.
Um, and they have already, already launched two games.
Their first game, Palio, um, has been live for maybe four, four days.
And they got like two million users, um, just within one day of their launch.
And, uh, um, it's, uh, it's a very cool, um, project.
They, they're doing a lot of stuff in the gaming space.
So you can, um, kind of follow them and, um, kind of, um, follow what they're doing next.
Um, so for this recent roll-up we're building for them, we're essentially providing fast finality, um, service for, for the users on their own roll-up that we also built for them.
Um, and, um, we integrated with Eigenlayer's AVS service for them.
So, um, if you have, um, Ethereum assets stake within the Eigenlayer ecosystem, you can essentially delegate your re-stake is to the Estereal, um, AVS.
So you can, um, you can potentially get Estereal token airdrop in the future.
Um, same, same, same thing works for our token holders.
You can go to stake.outlayer.io, which is our own platform.
Um, and you can stake your odd token to the Estereal pool, and, uh, you can potentially also win some of the Estereal token airdrop, um, one-state TGE.
So, um, by staking all tokens and restate its assets, you're essentially providing security bonding or security guarantee to safeguard the, um, fast finality network or service we're providing for Estereal.
Um, so it's not just, um, a DeFi mining pool, it's, um, more like a shared security network, um, with a lot of technology behind it.
Um, feel free to take a look at our blog posts and our Twitter threads, and if you have any questions, feel free to drop us, um, your, your question.
Okay, that's fine. I'll give you a follow-up there when you talk more, Andy. Thank you.
Yeah, for, from Layer Zero's perspective, we are a completely developer-facing protocol.
So in the absence of our own front-end, we rely on, you know, the apps building on top of us to make really compelling user interfaces.
So I think, uh, you know, some of these speak to the strength of our ecosystem, right?
Stargate, a lot of people think is, um, you know, the, the most premier bridge in the space, and makes it really easy to bridge native assets from,
uh, chain to chain. And then we've also just announced integrations with Athena. So USD, E, E, N, A, and S, U, S, D are, are all OFTs that can be transferred from chain to chain really easily.
And so, although Layer Zero can't offer any direct UX improvements, we do offer some things under the hood that make it really easy for users.
So every transaction on Layer Zero is source chain gas-subtracted, meaning that, let's say I'm bridging from, you know, AVAX to say, I pay for my gas on AVAX, and then I'm actually airdropped a small amount of gas on say, um, just to, you know, do a few transactions.
I, I'm sure we've all been in that situation before, where, you know, we bridge to a new chain, and all of a sudden we find ourselves with no gas on destination.
And so we have to, you know, beg for Discord for, like, a dollar or two just to kind of find our way out and gather some more funds on destination.
And so Layer Zero has users like that in mind, or that specific use case in mind.
And we've found ways to actually circumvent that completely.
So we rely mostly on, on the strength of our developer ecosystem to facilitate the front end for what it actually means to build Omnichain.
But on top of that, we do offer our own UX improvements on the side as well.
Okay.
Yeah.
A quick one to Layer Zero.
Sorry, you don't?
Can I just ask one more thing?
Yeah.
Yeah, go ahead.
Okay.
Yeah, that's fine.
All right.
So we know we are all looking forward to Layer Zero token.
We've had interactions on them.
So can maybe you like the car or something, might the people who are sticking on say, have any benefit from Layer Zero launch?
If you get what I mean.
Yeah.
I, our token will be released sometime in H1.
I cannot comment on token distribution methods at this time, unfortunately.
Hey, thank you.
Thank you, Cryptohunter.
And thank you, Kenny, for all the answer, you know, you gave.
We appreciate it.
And for all the teams' times up here as well.
I think that's a good, I think, Cryptohunter, you asked all your questions, perhaps.
I think this is a good kind of point to start wrapping up the spaces.
Give the people who join some time to give some concluding statements before we head back to the station, keep building before the weekend.
So what do you think, Dorothy?
Are there any last things you want to say to the SAFE community as we wrap up here?
Yeah, I'm really...
Yeah, sorry to cut you off.
Sorry, there was a question for Alex of SAFE Wallet.
Oh, yeah, sure.
I'll include that in my wrapping comments.
Okay.
Okay, deal.
Because you asked a really good question.
Okay, deal.
Apologies.
That's my fault.
Okay, let's go ahead, Dorothy.
Oh, I was just trying to say thank you.
I'm really happy to be here.
And let's do more.
Awesome.
Awesome.
We can definitely make that happen.
Kenny, you know, any concluding statements?
Any call to action before we wrap it up?
Yeah, you know, be on the lookout for Layer Zero expanding to SAFE and more chains in the future.
Maybe my PFP will give some insights on one of the chains that we plan to expand to.
But, yeah, super happy to take any DMs from anyone looking to build on Layer Zero from the SAFE ecosystem.
DMs are always open, always happy to chat.
Thank you, Kenny.
Go ahead, Alex.
Cool.
Yeah, thank you again so much for having me here.
It was a great experience as my first AMA.
I just want to wrap up by saying, also answering to your question, CryptoHunter, it's actually precisely what I wanted to share.
So as a user, you can definitely go on to safe.red and sign up for our wait list.
You can stay tuned for some of our exciting NFT meme coin related partnerships that we're going to share.
And if you go to our wait list product right now and create a wallet address, those wallet addresses will be used for a bunch of different campaigns that we're running, not limited to raffle campaigns or giveaway projects.
So you can join our Discord, follow our Twitter, please retweet our tweets to activate our community.
But, yeah, overall, stay tuned for our product updates.
As mentioned before, you'll be able to fully use our Chrome extension near the launch of V2.
So that should be around late April or early May.
So that's for the user's perspective.
If you're a DAB builder, we welcome, you know, really any DAB builders in this space, whether you're a marketplace or DeFi projects or NFT projects.
We are currently taking some priority requests for integration where we could provide a further level of technical integration support.
We already have several projects that we're hoping to integrate as our first key cases upon launch.
But, again, our DM is open.
So please let us know and we would love to know you a little better.
So thanks again for having us.
Really excited to build on the safe space.
Hey, thanks for coming, man.
And during the spaces, I went on to the website.
I joined the waitlist myself.
So super excited for you guys.
And thank you, all the teams, taking the time out of their day to come and talk to us and talk to the safe community.
Thank you, Grover, Dorothy, Kenny, and Alex, and Crypto Hunter for the questions.
So, yeah, without further ado, I'm going to go ahead and wrap up the spaces.
So make sure to follow everyone up here and stay tuned for the next edition probably next week.
Yeah, and maybe one last word from my side.
I guess, yeah, in recent days, like, we've seen quite a lot of interesting announcements, I think, at least.
Sort of like some of these Ethereum teams, like Frax, we've got some Balancer proposals going on.
So check out that with the Jellyverse team.
I want to bring a friendly folk of Balancer over to say,
we're seeing Uniswap as well.
That vote has passed.
So we will see Uniswap on say as well, on v2.
So I think there's a lot of interest.
And it's kind of pretty cool to see from our side as well.
Like, hey, we wanted to ship this EVM, high-performance EVM.
And, you know, teams are turning up.
So we're pretty excited about that.
I think what alpha can I drop about timings?
Maybe I'll just say that audits are pretty much wrapped up.
So, you know, that's as much as I'll say for now.
The old timelines, I think we said the first half of 2024 will ship.
As long as governance says yes, of course.
But so that's going to be pretty easy.
So that's all I'll say on that one.
But, yeah, I appreciate some of you guys kind of looking for more info and like, hey, when?
But, yeah, that's what I've got for now.
It's a soon TM, but it's a real soon TM.
Thank you, Robert.
And once again, thanks, everyone, for joining.
So cheers, everybody.
Have a good Friday and go try to touch some grass this weekend, if that's possible.
Cheers.
Thank you, sir.
Cheers, everyone.
Cheers.
Thanks very much.
Cheers.
Host
Sei 🔴💨
from
Sei Network
