FlixTalk #63 with @orkunkl_ | StreamSwap 🏗️ | Community Updates 🗞️

Recorded: April 5, 2023 Duration: 0:34:28

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Hi, good evening, Graffinoon. Wherever you are, I'm welcome to you all to next October 63. And I'm welcome to our host. Liam.
Just give us a few more minutes so that we have one in space and then we'll get it started. Over to you, Liam.
Well, Liam is going to join us again in a moment. Once again, I am warm. Welcome to one and all to Flickstalk number 63. Today we are going to discuss about Streamswap. We will have our guests, our
We are joining us in a while from now. Apart from that, we are discussing a lot of things. May I request a super error from the FlickSpanic team to please join us on the stage and start with his set of updates. And then I'd go ahead and
give my setup updates. I'm Chetan. I handle the partners, partner manager here at Omneplex and then we'll also have Liam continue this space and discussing more about what do we have in store coming up on
420 and other things. Super the mic is all yours. Hello everyone this is super and welcome everyone to Flickstock 63. Just in case if I sound a bit different that's because my headphone has stopped working so I have to probably
know speak without a headphone but welcome everyone and this is I suppose one of the most interesting clicks talks we will be having now because we are going to be sharing details about stream swap something we have been all waiting for since
long time and the main reason being that StreamSwap is how FlixToken will start to trade. So now I think Liam is also here. Just in case Liam you are ready, let's just know and
If it's okay, maybe meanwhile I can just share about what the Flix Analytics has been up to before we really dealt into the part we are all looking forward to here. So what were we up to? Lots, lots and lots. Why?
Well, if you have been active on Omniflex, socials, you would have seen every day there is a post at 4.20pm. I suppose now most of us are aware who are not with soon day about what's happening on the 4th of 12th, sorry, 12th of April.
But every day we are posting some information about what could happen on 420 for our Flix Fan. And we also have now a crew 3 account where there are a lot of stars and a lot of ques, very entertaining ques for our Flix Fan.
By which you could be able to earn some XP points and participate in NFT giveaways. Normally we used to do only one NFT giveaway, but now there has been a change of plans that a lot of cars we are keeping all the activities centered and there will be
the total of 5 NFTs give away is signed and this is ending tomorrow. In case you haven't yet participated, I would definitely recommend you to do that. Also, for the last Friday space, we dropped a proper participation NFTs which is one of the kind of NFTs you would see on OmniFlex, such as being of
Of course, you have 3D NFTs, 2 for 10D NFTs, and then so many of them. On Friday's basis, we also give out the secret word where you can select a word and clean up the proof of participation NFTs. And those hands also being dropped. If you were there for our Friday's space,
You would always see it on NFT in your wallet. But the option is, if you definitely, the last thing I would probably want to share before probably I will give a mic to money or anyone who wants to come to say in speed is about our tokenomics release.
Yesterday at 420, we released the tokenomics and now I can firstly see there has been so much excitement around that. The tokenomics briefs were really incredible with no detailed structure about how it will be allocated for different different
Now, the requirements for the flits token, the thing I was most excited about is that even before the tokenomics came and even before now it's going to start to rain, there is so much utility which has already been built in with a one or almost
over a year of our tap's been live for use. I'm definitely looking forward for more updates here and do excited for this space and probably another space which would be worth the auspices. Hi, money. You wanted to share something? Share it on.
Yeah, first good evening everyone and welcome to Flickstalk 63. So first thing like coming in, I should I be, I mean, the launch of tokenomics and if you see the charts, if you see the engagement in the Twitter, it clearly shows that everybody is waiting for the waiting
for the tokenomics, especially when I see the tokenomics, they are like very detailed in the sense like the Genesis supply, how the Genesis supply is going to be distributed, how the remaining future supply is going to distributed and everything.
And if you guys can read the article, you can also see there is a 20% allocation in the Genesis supply to the Flickstrop and Dao Collapse. So I'm more excited about further details about the Flickstrop.
drop for the details about the Flix launch and recently Omnipflix also launched a governance platform commonwealth. At the moment there are no proposals but definitely that will be the place where we will be battling out or discussing proposals and everything.
everything. So yeah, I mean, yeah, everybody check out the economics. Thank you. Thank you, Mani for that. So we will try once more highly and we can see you have a new date. Are you a bit too speak and you're
Yeah, absolutely. Sorry for the issues at the beginning. Happy to see you. So I'll just give the stage back to you and in case I'm going to be around whenever you need me. Just call my name. Yeah, absolutely. No problem.
Do you have more community updates to come later on Super or did you cover them all at the beginning there? I actually know what happened was that I was preparing those so definitely maybe after a few minutes maybe I'll come up again
and give some more community updates. Yeah, perfect. Yeah, no problem. So we can come back to the community updates later. Obviously, thanks everyone for patience and thanks super and anyone else who kind of help carry these space at the beginning. I'm not sure if we've done all of our thank you.
So I just wanted to give a big shout out to all of the Omnix-Lix community, all of the people supporting Omnix-Lix in different ways. And of course people who are helping make sure this is listenable over on other platforms as well. So yeah, this is
actually a super exciting talk that we'll be having today as a manny kind of alluded to there. There's a lot of information about the Flixed Hokeonomics. Of course, the Flixed Drop is something that's coming as well. I think you mentioned there, Super, that we also have Streamswap update. So basically,
Everything that Omni Flix has been building towards over the last year, year and a half, and even before that, the idea was concepted as all kind of coming to a big moment here. I'm really excited for today's space. I think there's a lot to talk about, a lot to digest.
and everyone listening, feel free to request the speak. If you have any questions, we'll be happy to get you on and you know, answer any questions that you have. And also if you just want to talk a little bit as well about maybe your positioning and not
flex, maybe something you'd like to share. You're welcome to come up and speak about that as well. But I'd recommend keeping that towards the end when we kind of give the community a bit more of a platform. But any questions, just hop straight on. We're a friendly bunch and we look forward to having more people engage with the space.
What I'd say first of all is we have Chris from Unify who's talking about his project and how they can collaborate with OmniFlips.
And we actually have an update for StreamSwap from Orkans. So Chris, if you're there, if you can request to speak, I can see that the ununified
protocol is in the space. If you're talking off of that, no problem. If not, just request the speak and we can get you up here.
Well, we do that though. Is there anything super manny or anyone else that you'd like to share? Well, we just kind of wait for that to get rolling. If you want problem, then I can...
Okay, give me a moment. I think Ununify has requested. I've just accepted him. So he's here. Let him have the stage and I'll roll back up.
Thanks for the introductions guys really appreciate it. Um, yes, so for anyone who's not familiar, we're ununified. We are the NFT five hub for cosmos. Basically building out the tools to, you know, create
We're just really excited to be here today to kind of talk a little bit about our upcoming collaboration partnership with Omiflex.
exciting time for us. We're really happy to be here and kind of helping to support the NFT ecosystem, support Cosmos, and kind of bring out these tools to users.
Amazing. Yeah, please continue. Please feel free to share more information about what you're doing in the NFC file space. Of course, of course. Yeah, absolutely. So pretty much we are our own blockchain on Cosmos and we have
built out a NFT-fi platform that allows users to be able to take out loans against their NFTs. And we've combined that with a series of other DeFi tools such as derivatives and a interchained yield aggregator to kind of create this
all in one package or platform that we can integrate onto other NFT marketplaces or dashboards on Cosmos. And so one of the communities that we're really excited to partner with and kind of bring these tools to first
is going to be Omniflex users. So we're really excited to be able to integrate with the Omniflex community and kind of bring some of these DeFi tools into the NFT ecosystem. One of our kind of thoughts on this or our thesis kind of behind NFT-Fi is
that users of NFTs or, you know, NFT holders, anybody who's a participant can really get advantage from kind of DeFi functionality, DeFi utility added to their NFTs. And what we kind of see a lot of in the crypto space
is that anytime there's a surge in kind of the D5 functionality or D5 utility in Web 3 that ultimately benefits the end users because it gives them access to additional tools that didn't exist before. Additional ease of use or ease of entry
accessibility, security, all of these are benefits of the growth of DeFi. Why couldn't this same type of ecosystem backing or support the same type of DeFi functionality exist for the NFT markets? Really that's what we've created.
is a system for DFI functionality and NFT. And when people think of the word NFT, it usually is automatically associated with profile pictures, right, because that's the most common form of media that is
is in NFTs, but really, NFT media can cover a lot of different sectors. And so there's a lot of different forms that NFTs can take. And there's a lot of different ways that you can kind of integrate that deep-value utility into those different media types using NFT technology.
Yeah, this is actually all super interesting by the way. I've always been an advocate of unlocking like utility for NFTs around being able to borrow against them like take out
but also to like loan out your NFP to other people like in the context of playing a game for example. So yeah, it sounds really interesting what you guys are working on there. So we'd love to continue hearing more.
Yeah, so pretty much our platform is an NFT-backed loan platform and one of the ways we're doing this is we're facilitating communication between the loan underwriters or the liquidity providers on our platform.
And then the NFT holders. Now because this platform is an app chain on Cosmos, what this also allows us to do is be an NFT by hub for multiple Cosmos blockchains or for the kind of NFT ecosystem.
plug these tools into other layer ones. And our end goal for this platform is to be fully multi-chained. So it is actually going to also support eventually layer ones outside of the Cosmos network as well. So when we look at NFT ecosystems where they might exist outside
side of Cosmos 2, for example on Polygon or on Ethereum, there's an opportunity for our platform to integrate onto those layer ones as well. And it really gives us the advantage of being able to not only support NFT users on the blockchains that they're already
familiar with. But what that also allows us to do is create kind of this really nice integrated ecosystem where now, for example, users or NFT holders on outside chains, right? Someone who's a NFT trader on Polygon can actually now hear about
and get exposed to the NFT ecosystem on Cosmos and they can kind of learn about the different protocols that are building for NFTs on Cosmos or what ecosystem or what media, what content exists inside of Cosmos as well. And so there's really an
avenue for us to kind of educate NFT holders about all of the different layer ones that are kind of building NFT technology and also kind of maybe the advantages of working with specific blockchains, working with specific NFT media types and being able to kind
of grow the NFT or support the NFT ecosystems where they exist, kind of enable users or empower them to learn more about these different options that are available to them and these different, you know, maybe other ecosystems they might not have heard of.
It sounds like there's a lot of value in that. I was speaking with the saga team a bit, which is obviously slightly different to what what you guys are doing. But they were talking about kind of integrating all these other ecosystems outside of Cosmos as well. And I think that's so powerful for kind of bringing
more assets, more users, more kind of activity into the Cosmo ecosystem, you know, where you've got your app chain in Cosmo. You can kind of provide these utilities to different different chains like OmniFlix or like, you know,
NFTs, but getting more users in is also super valuable as well, so I really like that. Are you kind of reliant on the interblock chain communication protocol for these loans? And so when it comes to integrating like other ecosystem
systems, are you waiting for IBC to kind of branch out more or have you got another way of kind of connecting all of these different chains with your products and services? Yeah, so IBC is definitely a
easy method, a natural method for integration, and so we are exploring and keeping track of developments, for example, on interchain NFT marketplaces, right, and different IBC and able technologies like that that will allow native communication
between our layer one and other layer ones on cosmos. However, there's also a direct method for integration where we can kind of launch an outpost on these other blockchains as well. And that outpost will serve as a way to integrate into the back end of our protocol.
So as a result, that's another method that we can work with other layer ones inside and also outside the Cosmos ecosystem. Right. So now if we look at, for example, external blockchains outside of Cosmos, there's the team over at Polymers working
on ZKIBC, which is a way that we can facilitate IBC communication directly to Polygon, for example. There's also methods where we can integrate with OXLR to facilitate that Polygon communication. So there are methods to kind of do this outside of the IBC, but we
We are keeping track of IVC development. We are huge proponents for kind of the ICS 721 standard and we're really excited to see interchain NFTs kind of what that looks like as we get closer and closer to adoption and integration on these different NFT marketplaces.
Yeah, because the kind of thing I was thinking of is that imagine you have your omniflix NFTs and you want to kind of take a loan out, let's say against like a tardigrade NFT or like a fantastic animal. And you want to take that loan out over on say polygon or on, you know, any cosmic change.
as well. And I was kind of thinking down the lines of these like interchain accounts and interchain queries and stuff like that. I was assuming maybe those technologies would be leveraged for the products that you're offering. Oh yeah.
Absolutely, absolutely. I mean, our main goal is to enable the users on the platforms that they're already familiar with. Right. And so there's a very strong, for example, in growing NFT ecosystem on Omniflex and, you know, there's exploratory
kind of incentive to look at, for example, NFT media types that are not just JPEGs alone. However, understanding that that is kind of the biggest or strongest community right now. And so we want to kind of support all of those
different users, not only in kind of the media type that they're familiar with, but also on the chains that they're familiar with as well so that you know if I do have like you said a tardigrade or NFT on the OmniFlix, right, that that is something where I can get kind of an
additional layer of DeFi utility to it. And then for example on R&D, being able to support the OmniFlix marketplace and being able to kind of say, look at all these really cool creations or collections that are, you know, not
only already in existence, but as new ones as they arrive, being able to support that as well. So being able to kind of grow the NFT ecosystem as a whole, and that kind of goes back to our idea where we can do that by enabling defy utility.
I'm not sure if there's any traditional set to that allows for this functionality. I mean, maybe there is. I haven't looked into it. I had a thought, right, if you had two NFTs that you were interested in purchasing and they are very correlated in price. Although
So it's going to be, you need like over collateralization. I was kind of thinking like, oh, you can say purchase a tardigrade, then use that tardigrade to take out a loan, or maybe use two tardigrades to take out a loan, and then you can buy another tardigrade. And because they're very correlated, there's less risk of like a liquidation event.
So that seems like a really interesting edge case left. Yeah, I mean, there's definitely kind of like an opportunity for advanced users or flippers or advanced high frequency traders to
kind of be able to use this platform as a method to leverage themselves and conduct additional NFT trades. But there's also obviously the end use case for the regular user who has one or two NFTs
and they're kind of dipping their toes or exploring what DeFi tools for NFTs look like, what they can gain access to, right? Maybe they're interested in taking out a loan against their NFT and using that in the interchained yield aggregator that we've created.
created to generate yield on that loan. So now they can do that while they still own the NFT. So there's a bunch of different kind of use cases and it's really exciting because it's ultimately up to the creativity or up to the end strategy that the NFT holder decides to use.
Yeah, it all sounds super interesting. Obviously, thank you so much for sharing the information. I guess I have one final question and feel free to share anything else that you need to before we move on. But I was just wondering, at what point are you expecting this loan
So, right now is a really exciting time for us. We have already launched on Maynet, however, the loan functionality is still in testnet.
the end of a very rigorous and exciting development cycle where we've been testing this internally with our community and we're excited to push out this loan kind of functionality to the public within the next 60 days, maybe a little sooner,
but approximately that long. And so we're kind of getting to that final stretch here. And obviously one of our goals is to be able to support, for example, OmniFlix users, the OmniFlix marketplace almost immediately, right? So being able to
support those NFT assets. And that's something that we are working on. And so, you know, I actually just published a blog a little bit ago that goes into further detail kind of about our goals for that technical integration and kind of the key milestones for it and how we
We're making that approach and working directly with the Omniflex team as well to ensure that that technical integration goes well. So it's a really exciting time for us. Yeah. You know, kind of before I head off, I guess I would just like to say excited to support the NFT ecosystems on
Cosmos, excited to be here, excited to be working with such a great team, such as the team over at OmniFlix, have been a huge supporter since day one, and so this is really exciting for us to finally be at such a mature level of development in our protocol that we can finally come back and
and work with the great team over at OmniFlix. And yeah, if you want to learn more about us, obviously check out our website, link in the bio over at Twitter. We have some documents up on our website and also we just published a tweet.
with a link to the blog regarding this partnership. So if anyone wants to kind of read some more details about how we plan to work together with Omiflix and then a little bit more about that integration, then yeah, just check out that recent tweet that we shared and you can kind of read more, learn more about us.
Fantastic. Yeah, thank you so much Chris for sharing and also I'd recommend just commenting maybe with any links that are relevant below the space. There should be a little comment bubble on the bottom right of the space for you. I think that'd be a great way to kind of
get people looking in more, more to this because I think it's really interesting. Absolutely. Yeah. I'll definitely drop a link there for you guys and you can kind of check out some of those details for us. But yeah, really excited, really, really great time and thanks so much for having me on.
Yeah, you're most welcome Chris. Thanks for coming on as well. Okay, so yeah, that's move on sorry sorry sorry Liam. I'm interrupting you but before we move on I'll have to share a very small personal experience that we had with
He was someone that came down to us and helped us interact with the folks there in Spanish to be able to book a few bosses like coaches, folks to go down to
from the hotel even when you do the flick-fest party and back. So that was extremely helpful and can't forget that experience ever. So thank you, Chris. Again, thank you for the persistent setup
of persistent interaction even after that and glad we're here today. Thank you. Yeah, absolutely. That was an amazing time. Excited that I was able to even meet you guys in person over at the Flex event and also just be
of any type of help. And yeah, back then, I would say we were pretty early stages in development. And so it's been such an amazing time to be able to keep you up to date in our development progress and finally get to this kind of stage where we can work together.
Thank you guys, thank you and Sisler, by the way, don't feel bad about interrupting me. I can quite easily talk for the whole space. Sometimes you need to jump in and share some stuff, so no problems at all.
Moving on then we have another update that's super interesting. There's actually so much in the space today. I think this is probably the most alpha loaded space that we've had, at least the ones that I've been hosting. So next we have some updates on stream
Swap. We're actually going to go over here to Orkin who's from the Stream Swap Dow. I'm really interested to hear your thoughts, Orkin, and just learn more about Stream Swap and the Dow and everything. So thanks for coming on and how are you doing today.
Welcome. Thanks so much for inviting here. And yeah, so like StreamSwap is a very exciting project. It is a novel mechanism for liquidity pool boost wrapping. And yeah, I just saw Xceletware at the
I think everyone here is quite excited for the development going on over a stream swap. Would you like to explain a little bit more about stream swap and also the Dow and how that works to our members here?
In a normal, they could have pulled those trapping, how it happens is it's like a pull basically, right? You put tokens in one side, which is usually like dollars, and you're talking you want to release on the other side. But indeed, like StreamSpot protocol, with the new design,
you don't need to put a token on the other side. How it happens is when a sale starts there is a defenetration of selling of the tokens on the one side and you subscribe to the streams that is going on and as the time proceeds the
The tokens on the south side is getting lowered linearly and the tokens on the buy side is lowered again. So at the end of the stream, two sides of the pool will get transacted basically and the like both sides is going to be matched.
And for the Dow is we wanted to apply a like a new model of organization here right where we want to organize ourselves as a like a Dow right to yeah like to open up space for new people coming in and also