Hello, everyone, and welcome to the club.
I can see Vlad is with us.
I just approved your request to speak, Vlad.
So you should be able to see the mute icon.
Yes, I can see that also.
Am I coming through okay?
I had some audio problems just earlier, so I want to make sure.
Yeah, it sounds perfect now.
I'm coming through loud and clear, right?
It doesn't sound like it's on the phone or something like that.
How are you doing today, Vlad?
But, yeah, I mean, the market is starting to turn.
Things are looking up in crypto.
So what's not to like, right?
I'm glad you're doing well.
So, yeah, I think, I mean, you've been here before, so you know how we do things here at the club.
We'd like to have a little bit of a conversation before we dive in while people are settling in, grabbing their popcorn or coffee or whatever they grab for spaces like these to enjoy themselves.
So, yeah, Vlad, what's your story?
How did you end up building, working on the Enterprise Protocol?
Yeah, so Enterprise Protocol actually came from a need.
This was shortly after the DPEG.
We noticed that there was not many good ways for large groups to organize easily.
And this happened, actually, I first started noticing this, like, pre-DPEG as well.
To create tokens, to create NFT projects, to create anything like that, you really needed a team of developers to do that.
But it wasn't simple to do.
And so if you didn't have a dev that was willing to help you out, you basically had to code.
And this was a problem because creating DAOs to solve collective action problems was impossible for most people to do.
And places where you could do it, the service was, at the time, just very inadequate.
And so we decided to work on Enterprise as a means to solve this and make it very, very easy for anybody, even if you're not technical, to create DAOs.
I'm not sure if there's any audio problems over at Vlad's end.
Vlad, are you able to tell me to say?
Are you able to hear me now?
Hey, are you able to hear me now?
Are you able to hear me now?
My internet ended up shutting off for a few minutes.
Did you guys, were you guys able to hear?
I'm not really sure if it's on my end or Vlad.
Are you able to hear me, Vlad, now?
Because if not, I can repeat myself.
You're on mute right now, Vlad.
It was loud and clear for a moment.
It seems like I'm the only one that can not hear that.
Can you try again guys just trying to get into contact with with coin club here
Assign I just rebooted everything here so you should be able to speak now bled
I should be able to hear you I really hope hey yeah everything good yeah okay honestly I don't know
what's going on with Twitter tonight I had problems earlier also but okay I hope this is okay you can
hear me fine yeah yeah let's try it again yeah let's do it sorry about that everyone uh technical
issues as always with uh with x and spaces but yeah let's dive right in let's not leave anyone
more in suspense uh so yeah Vlad talk to us about your personal story who is Vlad and how did you end
up building enterprise protocol before we start talking about enterprise protocol yeah sure so
um my name is Vlad I'm the apps team lead uh here at TFL I joined um I think it was it was almost a
couple years ago now um and I was working on on nebula protocol back in the day and I was building
rebalancing bots for for the nebula team at the time um and then um you know shortly after we had
turbulent moments with um with with the dpeg we had to come back to the drawing board um and then
eventually you know we came up with enterprise because we saw that there was a need for um for
dow tooling and you know for token management and and nft collections to collect together without the
need of a development team to do that so um you know the idea uh spawned behind you know just saving
teams as much development time as possible so that uh they could focus on their product and and
governance would just be something that they could plug into instead of having to you know uh reinvent the
wheel and build that themselves and so I've kind of been working on that for um for the past you know
half year a little bit more than that um but but yeah been at TFL for a little bit now
that's awesome man that's awesome and I know you you're becoming almost like an OG status in the
in the Terra ecosystem um but yeah uh you mentioned a little bit about what the enterprise is doing um for
anyone who hasn't checked it out or is unaware about uh about enterprise you can go on enterprise.money
connect your wallet or not you can see different DAOs who's been set up but yeah let's perhaps uh just
take it a step by step what is a DAO and why is it important for tooling like enterprise for DAOs to be
able to operate uh perhaps you can just uh quickly bring people up to speed flat on why this is actually a key
element for getting this right this whole decentralization element to blockchains that we all know and love
right so essentially at its core I see DAOs on chain as communities of people that are trying to um
trying to accomplish a common goal and now that common goal can be different uh depending on the group
um right here we have in um in the listeners section actually backbone labs is a great example
of a group trying to get something done and and what they're trying to do is um bring groups of nft
collections together uh to be able to build and deploy software um and and various bits of software
across the cosmos ecosystem now an example that they're doing is um they have their necropolis which is
the um the nft um the nft marketplaces that they're building they have you know grave diggers which are
the um the liquid staking derivatives that they're building across and now DAOs help them um you know
collect funds they help them collect you know votes and group actions so that they can deploy this
um with the consensus of a community um and then ultimately benefit the community at the same time
um and ways that they can do that is you know by providing their stakers some some types of rewards
that they determine um based on you know how much you have staked or maybe they have some custom system
um but essentially you get large groups of people in large communities to collaborate together
uh to achieve certain goals um and it's important to have this um in an easy way so that anybody can
participate right whether it's a developer or not um you want your communities engaged you want them
participating um and and you want them you know making decisions alongside you um and so DAOs are a really
do you guys still hear me x is being a little weird today i guess
all good okay maybe maybe coin club again having a couple of issues we'll just wait on them
i don't know what's going on with twitter tonight it's uh i get kicked out all the time
it's uh i get kicked out all the time
do you still hear me uh vlad
yeah now i can it's okay this is horrendous
but okay i think i i got the gist of it uh before i was kicked out
um i'm curious to hear a little bit about the the experience
uh with terra and then compare that to something that
perhaps people know from other ecosystems that compare to enterprise
enterprise for example something that comes to mind when i think about enterprise
in in ethereum for example a dow tool for that or for the voting process so yeah uh
talk to us a bit about the space that you're in perhaps uh who you compare yourself to and uh
how it's different of course in in terra
yeah so um on on enterprise you're actually able to create dows um and as far as i know and you know
steven on the uh on the enterprise account might know a bit more than me about how snapshot operates but
as far as i understand snapshot you don't actually have like on-chain votes it's mostly used for uh for
polling so stuff that doesn't actually get executed you um um you basically gather opinions before you
actually have a vote and now the difference with enterprise is that um it's actually a voting and a
governance and a treasury um you know it also has staking it it has like fund distribution and so
all of this goes to say is that once you have assets once you have a community
on enterprise you are able to actually do things with those assets um after a vote is completed
um and you're able to do whatever you want with them um and now what i think enterprise specializes in
um is um is the user experience and in particular going forward the cross-chain user experience
and so the goal with enterprise is going to be giving everybody no matter what chain you're on
um and this is beginning with cosmos no matter what chain you're on um you will have the exact
same experience as you know a dow on terra um whether you know in the future it's going to be
whether you have luna in your wallet whether you have you know anything on your terra wallet um you are
going to be able to interact with enterprise and you're going to be able to use it on any chain that
we deploy on and so um to us user experience and cross-chain user experience is paramount and i think
that's where um you know going forward enterprise will excel in um and you know i i think an
advantage that we have right now is you know the communities that we have we have very active
communities doing very interesting things um and you know every day they're helping us by testing by
giving us feedback and by improving um again the user experience beautiful and yeah talk to me a bit
a bit more about the interoperability you know being able to be compatible with multiple chains
and in that respect also multiple wallets right now if you use enterprise money you can connect with
station wallets and while it connects um i'm sure there are people out there using i don't know
kojira uh using kepler for example who would love to use something like enterprise so yeah talk to me a bit
about the work that needs to go into uh to true interoperability if you will obviously we're helped
in cosmos with ivc a tremendous amount being able to move assets around but this is not necessarily
about moving assets around this is about creating dows voting uh you know storing uh funds in a multi-sig
so yeah talk to us about the interoperability basically with the enterprise
yeah so i'll i'll begin with the first part um you know we've had a long spurt of development
um in the past few months where we haven't had that many major releases um and um there's good
reason for that and so the release that we just did is actually very monumental to being able to
um add interoperability with relative ease and so what i mean by this is adding a chain going forward
is very simple we just deploy a contract onto the other chain and then add a config into our front end
and that's literally it as long as we have relayers and here at tfl we run relayers between you know
um every chain that we support on station and tara um and as long as we have relayers as long as the
other chain has ibc hooks enabled it is very simple to add a chain um and now the other side of that
question is the the usability um we're we're currently only supporting station um that may change in the
future but um a benefit of actually you know working both on the application and on the wallet is that
abstraction is made a lot easier um and so users could actually you know use the exact same seed phrase
that they use in kepler they can use that in station um and what we'll be working on is enabling a native
experience on enterprise um no matter what chain you want to interact with and no matter what chain
you have assets on and and having the wallet and owning the wallet uh makes it a lot easier to do that
and now we may introduce other chains um i mean i mean other wallets in the future um but it might be
possible that you know the user experience you might have to sign twice to do one thing uh whereas
on station there's always going to be that benefit where we can have that that full abstraction so the
idea is you know you have whatever assets you have on the other chain um they will be functional as if
you know everything is is natively and um natively done on tara as we have right now
that's awesome man um and it's great to see uh cosmos ecosystem coming together uh you know this is
uh really the power of uh of cosmos tech i think um is there any plans to uh to partner up with uh now
that we talk about interoperability to partner up with more ecosystems out there i mean i mentioned
kajira uh on purpose of course because it's born out of terra um so to say um but yeah are there any uh
plans uh of of doing something like that uh it it seems like being you know the place to uh to create
daos and manage governance etc will be a big win uh for enterprise if if all chains all sorry all the
projects building in cosmos come together and use enterprise but probably there are some hurdles to
do that in practice yeah so um you know with with our um abstractions that i mentioned previously it's
absolutely going to be possible for anybody on cosmos to come and build a dao uh come and create a
dao um and you know the chains that we support are going to be increasing shortly like i said um we've
built the foundation and now adding chains is very simple um kujira you guys um are absolutely going
to be seeing that soon kujira's permission so we're going to have to start off with a governance
proposal uh but this is a chain that's been requested before um i've already been talking to
their team um you know they're gonna they're gonna help us with uh guiding us through creating a
proposal properly making sure that that all gets through but once that's up you know kujira is
accessible to all the daos using enterprise um after that you know we have chains that are
requested like um like injective osmosis of course um we have we have neutron um and like i said we're
gonna go wherever daos want us to go um it's really up to what the daos need and then us getting
getting those proposals through on the chains that that need those um but you know we we have
migaloo right now uh migaloo's you know the first chain that we deployed on and deploying on future
chains is going to be very simple so we have backbone labs here honestly wherever they need to
go wherever lying down needs to go and and all the other ones that's where we will go beautiful
beautiful something that uh maybe this is just a civil minds like myself was not thinking about it
correctly but something that i always wondered uh also in ethereum so you have snapshot for example for
typically the voting process uh daos building on ethereum but then a lot of daos they hold a treasury
with uh funds in uh typically a multi-sig uh with project owners founders who uh who need to sign
off on a transaction and i don't understand why people are not building those two together they
seem to those two features voting and a multi-sig for treasury management those two features
go hand in hand uh in in my simple mind is that am i thinking about it wrongly because uh i can also
see i mean it's possible with the enterprise but uh it's not like the first thing that i see also when
i enter enterprise so in the ethereum world you have gnosis obviously or gnosis safe but they don't
focus on voting and governance uh without management so so yeah what maybe just uh explain to someone
like me why is it that those two things don't go hand in hand right now so like building a multi-sig
and building a dow on the same platform exactly building a yeah down management tool uh and a
multi-sig tool those two things just seem to go hand in hand very nicely for for me uh but there's
probably reasons why uh those two things are not built together on for example enterprise yeah so you
actually can build a multi-sig um and a dow on enterprise and uh we see foundation teams um doing
that already um like there's uh backbone labs and eris um joint multi-sig that they have there where
they use that to deploy luna um and in particular bone luna and amp luna onto different chains and you
know they're building using a multi-sig on on top of enterprise but they also have their um their
dow is on enterprise as well and so already possible and and we already see you know people
doing this beautiful great so it's just me being unaware that's good um that's awesome actually uh
because i i think there's a lot a lot of teams that i talk to you know they uh they need wants
obviously governance they want a voting process uh that's what they promise their community token
holders and also they need to treasure management uh it's the same thing over and over that i hear at
least so uh great that they can do that on enterprise we should uh we should get them over
there so yeah talk to us a bit about what people can look forward to um you mentioned that there's a
lot of things going on uh that people should uh yeah should know about so uh what can you spill
for us today vlad any alpha uh on what people should look forward to in the short term
yeah so i think um a lot of what we talked about has been enterprise dow and you know the most
exciting things for me is you know all of this abstraction um all of this um native look and
feel all this ux um but one thing that that you actually reminded me of is enterprise hub and we
haven't really talked about that lately but um that's something that i'm looking forward to and
you know you mentioned the need for teams to have um dow's and multi-sigs in one place so that
they can manage everything as as one business and um that's exactly what enterprise uh hub is is
going to be focused on and so that's going to be meant for you know protocol owners and business
owners to come in to add their dow's to add their wallets um and to add their multi-sigs under one
dashboard so you can manage all of your protocol needs all of your governance and all of your treasury
management under one umbrella so it's going to be like the ultimate business tool um to manage
um you know all of your protocol needs um that's going to be coming out soon and and that's
something i'm very excited for that's awesome man that's awesome yeah i mean uh and i guess i guess
multiple chains you mentioned already also uh you mentioned objective you mentioned osmosis um
so that's also coming it sounds like where you can uh set up uh different dow's on on different
networks is that correct yeah that's exactly right so what you do is you would go on enterprise
um you'd create your dow and then there you would select where you want you know treasuries spawned up
um and that would have to be done using a proposal right now but um you know in the near future you can
you're going to be able to do that on creation um you select where you want your your treasury to be
to be created and then um on on creation of the dow what's going to happen is um all of these chains
that you selected will have treasuries and then you're going to be able to hold assets on whatever
chain you need beautiful and it's not like uh when people hear this and listen to this they shouldn't
think of it like there's nothing going on right now just because you're not on many many different
networks just uh with the focus on terra and migalu you have already attracted uh almost 200 different
dow's uh with a total number of almost a thousand different proposals so already there's a lot of
activity so one can only imagine when you start uh opening up for for multiple different networks
how's it been uh integrating with migalu we love white whale over here um over here at the club we had
them on multiple times um i think they are so undervalued and underappreciated i mean the tvl
compared to the just the token price um it's just uh it's a big opportunity let's say uh we think over
here but yeah how's it been working with migalu uh just out of curiosity yeah so working with their
core team has been an absolute pleasure um you know they've made it extremely easy for us to deploy there
um with providing you know infrastructure support when we needed it um you know integrating ibc hooks
they've done that a phenomenal job with getting those proposals and chain upgrades out um and you
know working with them there's been no issues so uh we hop on calls with them we see what they need
um they answer to our needs and i i think it's just been you know very great and very nice to work with
them um yeah it's a great first uh chain also to uh to extend to uh beyond terra i think it makes
it makes a ton of sense but uh okay so multiple different chains a lot of things going on uh clearly
uh over at enterprise where do you see yourself head towards in the long term as you'd like to say
we like to use some of these spaces to uh to think a little more beyond the uh coming weeks or months
that we typically get caught up in in crypto so so what's the what would you say if there is one
what would you say the end game is for for enterprise protocol so that's yeah there's actually a lot of
things we have planned um you know once we get this user experience locked down um in cosmos right
um the next obvious step would be expanding past cosmos and um getting connected to ethereum and
and chains like that um and you know that's that's the direction it looks like we're headed in
um and i think once we prove ourselves in cosmos there's going to be you know um actors outside of
cosmos that will be interested in enterprise and and we'll we'll offer them the exact same features
um in terms of product um there's a lot that enterprise is going to be working on so
um number one like we're going to have dow we're going to have hub um and alongside that what we're
going to be working on is payments which allows you to you know submit different kinds of you know
vesting schedules and and um you guys might be familiar with fountain but um similar functionality
there where you can stream payments that's going to make it easy for uh dows to provide you know levels
of payroll um we're going to be coming out with a product called um called labor markets so enterprise
labor markets where um you know similar to markets that you have right now where where people can go
uh submit job tasks that they need to be done and then other people can apply for them
um we're going to be able to allow dows and multi-sigs and and protocols to you know set up tasks that
they need done and then other users uh within the ecosystem can go and do them and then get paid for
their work um and i think this is really interesting because at the core you know it work being done
and um you know people being paid for their work is is is the purest form of value generation um and i
think you know enterprise is all about building solid primitives uh that that people can build off on
and you know create successful businesses with um so i'm really excited for those as well
very interesting and yeah i completely agree we uh we sort of saw the i guess the you can call it the
speculative uh stage of uh of that doing useful work or doing work um and getting paid for it with play
to earn but uh it wasn't really useful right it wasn't really useful that people started buying some
nfts that you then went into battle with and then uh got some points for that which happened to be
cryptocurrency and then people could start speculating in that but doing actual useful useful work that is
useful in the real world also building something that people love people building something that people
use on a daily basis i mean that that seems like a heck like a big utility and uh getting it being able to
be awarded for that uh on chain uh it's uh it's just the uh the defi dream come true right there
but uh do you have any good examples of uh of like you know useful work where you can get rewarded and
uh yeah and getting paid essentially uh for that uh using a dow using treasury management etc
yeah so there's an example that that we're piloting right now and this is kind of where we're gathering
um gathering um gathering user feedback and then our own uh feedback internally as well um you guys may
have seen this before but uh chris is working on growth dow which essentially what he's doing is he's
trying to figure out um where tara is excelling and um where tara you know can can put some more effort
in um to make that part excel as well and uh what he means here is he's building dashboards uh with
growth dow that are able to highlight different aspects of the chain like um like fee generation
um like like transaction volume and things like that to see how we can best grow tara um and so
he's using enterprise and he's collected a bunch of members there um where he puts up tasks and then
when people create a dashboard when they create and and analyze all of this data um and and he's
satisfied with that payment gets deployed um and then the the users are able to um to to work similar
to how you would do it on on upwork or fiverr um the most obvious examples here are things like that
um and things like you know development or if you need you know marketing um scripts written or you
know graphics design done for the dow you can put up tasks like that um and then with enterprise labor
markets we're going to offer an easy avenue to pay people uh to do things for your dow
beautiful yeah that's awesome man uh feel free to drop a link to that uh for anyone who doesn't
know about grow um i think that's interesting for people to uh to know about also um and that brings me
to a bit of a broader question also i guess it's a nice segue to uh what you got what you are excited
about in in crypto and web3 in general um and you can't say enterprise dow uh that's uh that's taken
already so as a yeah what the beyond beyond enterprise uh make gets gets you excited these days in crypto
yeah sure i'll i'll give an example of um you know something external to tfl uh we'll make it fully
fair because i'm working on other products as well but um i think i think skip protocol has been doing
a phenomenal job with their skip api um and this is something that you know users don't see often
because you know it's an api and applications make use of it um but i'll be honest like skip has done
such great work with cross-chain transaction tracking and routing and things like that
it's just made work um an absolute breeze um and so you know ux again is is one of the things i'm
most passionate about um and although cosmos is very powerful at its core there's a lot of things that
need to be abstracted away like multiple hop transactions and and routes and you know ibc denoms
can get quite complicated when you send them from chain to chain um and so skip allows us to
uh route those denoms in a way where they're in their purest form when they reach a chain um and
so and and they also allow transaction tracking across chains so um usually when you do like an
ibc transaction you'll see a success message on on the chain that you sent it from but it might not
yet be received on the recipient chain so if i send you know tara to osmosis tara might say it's a
success but osmosis might not get it yet and so what skip is able to do is it's able to track these
cross cross-chain transactions and give me exactly you know where it's at um whether it's like osmosis
acknowledging it or you know a chain in the middle even um and then it lets me know the status the the
complete status at the end whether the whole transaction on both chains completed or not um and
if not it lets me know why um and so you know for user experience this is this is great um because
um users are able to get um really good feedback right away and so you'll notice things like um
like transaction trackers with with multiple hops um where you can see you know on the ui um and and
skip really helps us do that um and it's been you know an absolute pleasure working with them and
integrating their api skip is awesome uh we had magnus on a few times actually uh here at the club and
yeah they've been killing it uh i would agree uh for sure they uh they're doing a phenomenal job and
and and another team that is highly unappreciated i think um you know they don't they don't get
nearly as much attention as as they should so uh so glad that you are you making you're changing that
what uh what do you see other than in in cosmos because obviously skip is uh is whether do you see
anything interesting that has caught your attention on ethereum any other ecosystem or just a broader
web3 blockchain um spaces um i'll be honest uh the past month has been very heads down um so outside of
you know outside of terra and by extension miglu because that's where enterprise has been going
i have not been able to pay attention uh maybe next time we talk i'll i'll have a bit more time to read
up but lately it's been it's been just focused on uh terra and then wherever enterprise is going
something that i i find more and more interesting is how ethereum and cosmos is starting to look more
more like i mean they started from way different places uh even having different consensus mechanisms
and it just seems like they're becoming more and more similar in a way like ethereum obviously has
the ethereum mainnet and then there's all these layer twos built on top cosmos is uh is having cosmos hub
which is starting to find this its place in the in the in the universe um and it's almost like you
know people when they first start uh using eth they or ethereum uh and the ethereum ecosystem they buy
eth maybe on a on a centralized exchange or whatnot then they move it to a to a wallet and then you
know they realize after using ethereum for for a little bit uh using a few dApps they realize okay i can
save a ton on on gas fee on network fees just doing the same thing on layer twos so they start doing that
same thing with cosmos hub you know they you might first buy atom again on a centralized exchange and
whatnot move it to a wallet then you use cosmos hub which is obviously getting developed right now
doing some simple stuff perhaps uh using your first dApp connecting your wallet to the first apps
ever and then you move on to uh different app chains different other chains using ipc uh so yeah
similar to ethereum moving to layer twos you move to different app chains i don't know it's just i
don't know if that's an interesting uh mind-blowing uh realization it's just interesting for me to see
how ethereum and cosmos started way different places and it's starting to look more and more like
uh in crypto uh in the space i think i don't know do you agree with that lad or is there something
there that you think uh i'm getting wrong here no i agree i think you know um ethereum needs to scale and
they're they're kind of approaching the the the same conclusions that cosmos has and i've mentioned
this before but i think you know eventually everything's going to be a cosmos chain
interesting what about terra is it uh are we going to see terra uh revive and come back to where it
used to be do you are you uh are you of that opinion also because we i mean when you when you look at the
us ust uh used to see i mean it's starting to look like we might have a another round in the in the next
bull market yeah so we're not currently doing anything with usdc and i'm not really familiar with
what's going on there um but in terms of activity on the on the terra chain right now um on you know
the one we're working on i'm noticing you know activity increasing significantly i'm noticing you
know applications spawning up and that's what's exciting to me um is you know utility usefulness and
you know the growing community it's gotten a lot bigger um recently and i've noticed you know a lot
of people using it and you know um it's it's very very rewarding to be able to work um work on terra
beautiful builders keep building and that's exactly what we should be doing during a bear market
which might be ending soon um if uh if this if this uh recent uh turn up turn uh is uh is continuing
so yeah glad how do you want to close this thing off i mean uh we covered a lot of brown sorry about
the technicalities in the beginning i don't know i need to sort out these uh these different
headphones that's for sure but um but yeah how do you want to close this thing off how can we how can
we help enterprise continue on the path that you guys are on um i think you know just just uh keep a
lookout for all the features that we have because you know after this massive update like i said we've
set ourselves up to be able to to ship um and you know it's ship season so uh don't miss it there's
going to be a lot and it's all coming soon definitely we'll make sure to amplify here at the club that's
for sure especially when you start uh making it making enterprise compatible to other chains i mean
that's obviously something we love to see here especially at the customers club uh teams coming
together a change coming together that's uh that's how we want it that's how we want to see the
customers evolve that's for sure exactly and and we're super excited to be going on to other chance
coming very very very soon beautiful that always a pleasure talking to you vlad and uh and uh say hi
to the team godspeed to you uh thank you so much for all the hard work that you and your team is doing
it's uh without you guys cosmos wouldn't be the same so uh yeah godspeed to you and your team
i appreciate it always love having um having you talk to me and um you know being on the show
it's it's always a pleasure to do so and hopefully we can talk again in the future definitely i'm sure
this is not the last time so yeah looking forward to speak again lad cheers thank you take care man ciao