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Foxify x Kodiak FUNDED accounts on Berachain (LIVE DEMO)
Recorded: Jan. 21, 2026 Duration: 0:36:40Space Recording
Full Transcription
Hello, hello, hello. We should be live. I'm just going to check with our trusty helpers to let us know that they can see us.
Bear with me two seconds.
And then I will start to introduce our good friends that are on the call with us today.
So just waiting for confirmation. Maybe you can tell us in the comments, actually.
Why don't you drop us a note in the comments?
Say, yes, I can see you.
Everything is beaming fine.
I'm just looking for a thumbs up before we start leaping into the detail.
Okay, I've got a looks like it, so that's good enough for me.
So I'll kick off with a brief introduction.
We've got some amazing guests on the stream today very intelligent
guests much smarter than i because none of them have docs so they're much cleverer than i am
so first kick off so i'm danny so if this is this has been beamed across various channels on on on
twitter at the moment so if you don't know who i I am, I'm the founder of Foxify.Trade.
Foxify.Trade developed the funded application, which is an on-chain prop trading application, which integrates with leading decentralized trading platforms. The reason we're here today
is because we recently launched on top of Kodiak Perps,, hugely successful perpetual platform on Berichain, the leading, the absolute TVL master on Berichain.
And you can go and use our application on top of their perps and you get real funding.
There was a chap in the last week who's cashed out $5,000 actually, went from a $500 deposit up to $10,000, made a ton of money but it basically our app gives you access to additional
capital and then the amount of capital you have and then the risk that we'll take on you because
we do take liquidity risk on traders increases as you prove your skill um or it decreases you
know you lose your account if it doesn't so that's us um in a nutshell um you can find us at foxfire.trade
you can find the kodiak app there where you can actually get double cash outs at the moment.
And that's absolutely flying out.
We've got massive traction right now.
So super, super exciting.
So enough about us.
And I'm going to sort of hit the room and let the guys give an introduction.
Karli, could you kick off?
Yeah.
Hi, everyone.
This is Karli from Baruchay.
I work on DeFi things. So anything ranging from tokenomics, financial engineering products, and as well just giving advice to teams on how they can plug into Baruchain's proof of liquidity or come up with other interesting mechanisms to incentivize users.
So a broad range of topics, but that's what I'm here for.
Amazing.
Jintao, did you want to go next?
Yeah.
Sorry.
Yeah.
Yeah.
Hello, everybody.
I'm Jintao.
Not very well known on Twitter.
Ha ha.
I do developer relations at Verachain.
And so what that entails is kind of helping teams onboard get set up with liquidity,
potentially help them with some design decisions,
or just kind of any kind of implementation questions they might have.
And then, you know, as a side gig, I really
try to get the team onboarded onto Rivian.
So yeah, that's what I do.
Fantastic.
Fantastic.
Thank you for coming on.
Thanks for having me.
Yeah.
And one more, right? I think that's the foundation account to help okay right fantastic okay now I
understand right brilliant okay well we can probably remove that sorry let's remove from
the stage it will still be streaming or maybe let's just leave it there let's not mess with
anything and then the tech goes goes down so what I'm going to do today is do a little bit of a
live stream and kind of show people what we're talking about um but but before we sort of jump
into the application you'll be able to see actually in the background um i'm hoping everybody can see
the kodiak perpetuals app in the background you can also see my recent trade history actually
um there so i've left that on and luckily it's been a good couple of days otherwise that
would be embarrassing we got a btc loss there but the truth is actually that was because of my
account auto close because we have an auto close feature on the system so where you can you can set
your account to close all open positions automatically if you reach the level that's
required to get promoted so i can explain. I can explain that in a second.
So, yeah, you can see the UI there.
The screen's looking a bit blue to me.
Can everybody else see the UI at the moment?
It was showing a second ago. Now it's blue, yeah.
Always worrying.
It's looking good now.
Yeah, looking good now. Okay. All right, got yourself.
Well, I'll leave it up on my screen.
So I'll kick off first of all, because I'm always curious to set the scene.
So you guys, you two guys, have you heard, like everybody's heard of Perpetuals trading.
Have you two guys heard of Prop Trading?
I've heard of the word Prop Trading.
I've definitely heard of Perpetuals.
Yeah. fantastic.
Okay, well, let me kind of explain what prop trading is, right?
As a proposition, excuse the pun, what prop trading is,
is it's effectively me saying that I will fund you as a trader, yeah,
and you come and trade for us.
And if anyone anyone seen the
program billions right they're prop traders they're you know they're sort of hedge fund uh prop
traders and it's um you know you have like institutional prop traders as well and basically
the way their arrangement will typically work with their employers is is um is that they get a prop
desk as it's called they trade um they only get that desk if they can demonstrate that they get a prop desk, as it's called, they trade, they only get that desk if they can
demonstrate that they're skillful and they deliver performance, and then that fund will give them
money, right, and they trade that money. And then typically what will happen is that they get a
profit share of those funds, right. So most people don't have access to billions of dollars, but a big
fund will give you billions of dollars. You trade for them, you make them lots of money, and you get
to keep a profit share.
And that's prop trading.
Now, retail prop trading really took off in the last five, six years.
And retail prop trading is, before we've come along,
is 100% web to industry.
And ultimately, what retail prop trading is,
is an app that says, I'll give you $100,000,
give me $500, and I'll let you trade $100,000
with our money. And then you know what, we'll let you keep 80% of the profits that you generate
with the $100,000 that we give you. That sounds like an amazing proposition, doesn't it guys?
Yeah, I mean, it sounds pretty good as long as you're making money.
Well, and that's the operative word, right?
So how do these platforms really work?
Most of them, nearly all of them, actually, I'm trying to be kind so I'm not libelous.
What they're really doing is they're giving you a fake paper trading account.
They're betting on, at the minimum, that you'll be a terrible trader.
Because who would give a stranger off the street $100,000, right?
Right out of the gate.
Only an absolute lunatic will do that.
But that's the proposition they offer you.
They take your deposit and their business model is either betting
that you'll just be terrible and you'll blow up,
or if there's a chance that you're any good,
what they do is they make the system extremely difficult to be profitable.
So whilst you're sucked in by the promise of $100,000
and getting to keep 80 promise of $100,000 and getting
to keep 80% of the profits, and you're dreaming of punching your boss in the face and sailing
off into the sunset as a millionaire trader, the reality is they introduce all sorts of weird and
wonderful rules or trading restrictions that put you in a position where it's very, very,
very difficult for you to succeed. And what they're betting on is that they'll get more $500
from suckers that think, wow, $100,000 is great, than they will have to to succeed and what they're betting on is that they'll get more $500 from suckers that think wow $100,000 is great then they will have to pay out so they're effectively
like casinos because really when you succeed they're not placing any real trades on the market
what you're doing is you're taking money back out of their pocket and when you fail you're putting
money in their pocket so whilst they sell you this story that they want to make you a successful trader, educate you and so on, in truth, their whole business model survives, let alone thrives off the back of you having terrible performance.
And actually, you know, we have prop traders that work with us who just get out of hand.
Actually, they're just winning too much.
So therefore, the cash house is too high high the business isn't happy about it so what they do is they just ban ban the good traders
and then they just make sure they keep going out and finding you know average to terrible traders
and that's their business model now this is possible because of web 2 because nobody really
knows what's going on behind the screen so whilst you think you're trading a hundred thousand dollars
you're actually not you're just clicking buttons and there's no real trades going on
the market. Does that make sense? Yeah, it makes sense.
Yeah. And that's fundamentally the industry. I'm not talking about something that's niche,
by the way. When I started this journey with funded with Foxify, it was a 6 billion a year
industry. It's now a 20 billion a year industry.
So since the end of 2023, it's already more than 3x. It's absolutely huge industry and it's
extractive to users. And interestingly, it's also extractive to the market because that means that
every person that goes and uses one of these applications isn't really trading on the open
market. So therefore, the really valuable flow, which is retail flow, isn't hitting the market. So it hurts the industry, it hurts users. And the only people
that win out of it is the prop trading firms that are selling you this story. But in truth,
they don't really have the money. And if they have to pay out too much, sometimes even prop
trading firms just go bust, right? They don't have the liquidity to pay you out. And so you do really, really well.
And they go, uh-oh, these guys are a bit too good for us.
Let's just close down and we'll open up under a new brand name next week down the road.
And that's fundamentally the problem with the industry.
And that's what the funded app solves.
Any questions, guys, on that?
Yeah, so they can't pay the people out because they're not actually trading
so the profit that they're supposedly realizing is just not there is that yeah it's a great it's
a great point and actually many props and even because i'm in the industry right so um i will
often get um ads in my feed trying to sell me stuff around prop trading one of the common ads
that i see is set up your prop trading firm in a day
no money required so there's many many of these apps don't have any money and it's only possible because the first thing they need to do is go out and find 100 people to give them 500 and then say
okay the challenge needs to be two weeks and then you need to do another four weeks and if i can get
if i can get 100 people a day for six weeks before any payouts have to start paying it's just a game of trying to
take as much money off the market and then we'll worry about it later some of them are very good
at it and they are going concerns others they realize that the payout pot's getting a bit big
so they'll say your kyc's you know now denied even though you've been trading for four weeks
and they'll come up with all sorts of weird and wonderful ways.
And then the worst case scenario, which does happen, is that they just say,
do you know what, we've just taken $200,000 worth of deposits in the first few weeks,
and now some guy wants a $20,000 payout.
Well, let's just say that we've run out of money and we shut down.
yeah really rough does that answer your question yeah i mean that's crazy um i'm sorry real quick
Yeah, really rough. Does that answer your question?
Yeah, I mean, that's crazy.
i think bear rodman is trying to get on the stage if you're able to yeah i think he's trying to
come in there with me so i should just be sharing this window so let's have a look let's get him up
get him up get him up yeah here we go right mr. Right, Mr. Rodman. There we go.
How we doing?
How we doing?
Good, good.
Just getting on my soapbox about prop trading.
Yeah, a great summary.
I think you nailed it.
Yeah, very excited to be here.
I think, you know, Kodiak and FoxFi is very exciting, especially for us.
I think it's one of the most fun things that we've done on top of kodiak perps um and i'm really excited to just keep growing it and keep
trying to scale it with you guys so
yeah thank you yeah likewise and and by the way just to give you guys a massive shout out
you know we work with multiple platforms across the industry and
right in terms of um i always say this to people actually in d5 because
you've always got like a public view of a team and then you've got what really goes on in the
background and um yeah you guys you guys are sharp you guys are like on it like if you're if you're
involved in the kodiak ecosystem as a liquidity provider a token holder and you're thinking like
what's really going on with these guys these guys graft like and you can see it like in the background like absolute savages so credit
to you guys it's great working here yeah i appreciate appreciate the kind words cool
cool yeah so was there was there any um on my sort of soapbox rant about prop trading and
and the state of the industry um any any more questions on that guys
and sort of how the mechanics of the industry work no i think i think it's pretty straightforward i
mean i think um maybe there maybe it might be worth touching on how foxify differs a bit and
some of the things that are like pretty unique to foxfly because i don't think i don't think in
comparison to like a lot of these other like even crypto prop trading firms, they really compare to Foxify.
Yeah. Yeah. Yeah. And it's probably is a good example, actually.
So I think if somebody says they give you two hundred thousand dollars, like two hundred thousand dollars doesn't go into many order books in crypto with leverage.
Yeah, it would be absolutely messy.
So the second somebody starts offering you or promising you unrealistic numbers,
you know instantly what the game is, right?
Because you can't take 200K, 40 exit on Solana
and then whack it into the average order book, right?
Across the industry.
But where we're different, I suppose, is that,
so in a nutshell, so you understand sort of our model, is that we build our system on top.
So you can see here, so this is, you know, for all intents and purposes, this is the Kodiak system.
You can see it's Kodiak.Foxify.Trade.
And then our funded system is built on top.
Okay.
So we have like a back end and then we also have the liquidity vault which is
where funds are coming from so a user will um and maybe if i just click on here let me know you can
see this okay and you'll let's have a look at challenge funding so if we look at a pro challenge
which our friend went wild on this week on kodiak actually they cashed out they got to platinum this
week that user deposited 500 and their 500 they have% drawdown, but they now have 2.5k to trade. Now, you know, you don't have to be a mathematician to work out 20% is the $500 that they put in, right? So isn't that just leverage? Well, the answer is no. For a start, even at that first level, we do have operational and liquidity risk, right? If
something happened like on the 10th of the 10th, we still have $2,000 in your trading account on
Kodiak with your $500 that you deposited. So buyers putting real funds into an account is legitimate
risk. It's not just like paper risk, because that's really what leverage is actually, leverage
is paper risk. This is real funds in the account. If God forbid something happened on a trading platform that we were
integrated with and that was an issue for the accounts, our liquidity is absolutely at risk.
So whilst it looks like there's zero risk for us at the first level, there is operational and
liquidity risk there. We've also got slippage risk of trades closing. And because it's completely
anon, you don't need KYC. KYC is a really tricky subject in closing and because it's completely anon you don't need kyc kyc is
a really tricky subject in prop trading because it's often used as a tool to get out of cashing
out because that's you know their business model is to try and avoid cash outs um you in our world
we don't know who anyone is right it's completely anon so you just have to prove yourself at that
first level grow your account 15 points,
show that it's not a fluke. So you get points by being active. So what it proves is you didn't just get lucky. So if you get to the profit target in one trade, now that's fantastic and we're really
happy for you, but that doesn't tell us that you're ready for us to put liquidity risk.
Now, if you succeed across multiple trades, then that shows us that it's more likely to be
skilled than luck. It's very difficult to be lucky many, many times over. So you just have to be
active, hit the profit target, and then you cash out 80% of that. You get that doubled at the moment
with the double cash out bonus on Kodiak, and then we instantly double your capital. So you'll
notice now that you have $750 drawdown. So you've now got $5,000 in your account.
Okay, so it jumps up really, really fast.
You've cashed out already.
You've moved up to the next level.
You've now got $5,000.
Most people, most average people don't have $5,000, $10,000 to throw around on a trading app.
So by you demonstrating your skill, you just quickly, you've got 10 times the capital that you started with.
Does that make sense, guys guys any questions on that no it's all it's also like a really good amount of starting capital
especially if you're a new trader and a new trader um like touching leverage for the first time i
think you know like if if for a lot of the traders that are going to be successful especially with
prop trading accounts you typically probably want to start with something like five to ten thousand dollars and not much more right so it kind of hits that spot yeah yeah it's a really
good shout and i think you know why why do they offer people two hundred thousand dollars is is
because it's a marketing tactic right they don't really give you two hundred thousand dollars
um you're absolutely right the guy who i just shot I just stopped sharing my screen for a second because I wanted to just refresh. The chap that I mentioned, we put out a tweet who started with $500, I, but he made $5,000 throughout the week.
So he made like a really huge amount of money.
Now, he's going pretty aggressive.
To move through the levels that quickly,
then you are taking a lot of risk.
But with $10,000, back to your point,
you can make decent money with $10,000.
You don't need hundreds of thousands of dollars.
And with a sensible risk management, it's not boom or bust, you can definitely move money with $10,000. You don't need hundreds of thousands of dollars. And with a sensible risk management,
it's not boom or bust,
you can definitely move the needle financially.
Yeah, absolutely.
I think most great traders, for one,
limit their drawdown from the start when they start trading.
And I think also with a lot of great traders,
they just don't get liquidated in general, right?
And so I think that amount of capital, it really is like a great starting point.
Absolutely. Yeah, absolutely.
So bear with me a second. I'll just share my screen.
Did you have any more questions in terms of how the scaling works and how people earn on the platform?
Yeah, yeah. I do have some questions.
So like when someone's new to this, like sometimes they come online search for prop trading.
And like you said in the beginning, like there are lots of rules and sometimes like they're placed in a very tricky way to try to trap you inside.
So for someone coming to Foxify, right, like when we say you have to stay active, like around how active is that? Is there a certain time limit or amount of volume you need to be doing relative to your account size in order to be considered active?
Yeah, that's a brilliant question.
And so time is quite a contentious issue with prop trading apps as well.
So they'll, for instance, say that you have to trade a minimum number of days.
And that structure can be both like a blessing and a curse.
So they'll say minimum number of days, you have to wait a certain amount of time.
Someone passes their challenge, but then they have to wait a week before they can cash out.
It's all just very slow and cumbersome, right?
And it's all designed really because, you know, if your business is taking deposits and avoiding paying out,
is taking deposits and avoiding paying out, the more ways that you can long out paying people,
the better your cash flow looks, right? Whereas in our system, we didn't want that.
If we have a fixed time period, then people might be waiting around. So what we did is we built a
timer into the system. So when you start a challenge you start
with seven days on the timer um which means that then you can manage your own time rather than us
saying oh you have to be active a certain amount of days actually if you can do it all in one day
that's up to you and you can instantly you instantly get promoted actually you know true
story my challenge that i was just showing you i got promoted from entry in my sleep
last night because there's also a function where you can set it to auto promote if you've hit your
target now you can turn that off so maybe actually if i'd left it off i would have woken up with a
lot more money but i'd left that on so it auto promoted me closes all my positions and it moves
me up and um so the seven day timer starts, the seven day time is always ticking down.
But every time you use the platform, then it earns you more time.
So basically, if you're inactive, obviously, we've got real capital in your account.
It can't be out there, you know, it can't be out there indefinitely, right?
So the timer allows us to manage that capital so if you
don't use it you know and actually if you trade um if you trade fairly frequently your timer will
quickly go up to weeks and then if you want to go on holiday for a week that's fine it's completely
up to you and your challenge will be there waiting for you when you get back but also if you go
missing which sometimes people do we've got one chap on our leaderboard who's $583 up and at 100 points.
I think it was back in October and they've never cashed out. I don't know what's happened to them,
but they've never cashed out. Their $583 is sat waiting for them. So people do just disappear.
And obviously that would be a big risk for us if we had liquidity out there sat in people's
accounts and then they're not going to use it anymore does that answer your question in terms of how that works yeah yeah so i guess like for a
trader um who's ready for thinking about taking the challenge like they should plan ahead that
they're probably going to be active for um let's say at least a week right um or if not then maybe
they should wait before starting a challenge yeah well you can also yeah it's good point actually like you
know some people say oh well what if i start a challenge and actually people the the probability
of somebody opening a trade immediately after starting a challenge is extremely high right
people don't really start challenges and then go on holiday for a week um you typically start when
you're ready to start trading um however um in between each level you go into what's called on deck mode and you can
stay in on deck mode on indefinitely actually uh so this morning when i woke up actually my
on deck mode you now have i deposited a hundred dollars i cashed out sixty dollars and i now have
twelve hundred and fifty dollars to trade with but when I woke up this morning I could have looked at that
and said not today and just left it for a week if I'd want it all or indefinitely so so it's not
once the time has started only for that level and once you reach the end of the level actually
you can you you know it's up to you if you want to wait a month you can wait a month that's no
no issue it also removes any sort of minimum time so many many people do get do get
promoted um sometimes i i've personally my personal record is getting promoted in 0.4 days
now if you're going to get promoted that quickly you are taking more risk you're taking bigger
size so we we recommend people like apply risk management and learn and and progress slowly um
but if if you're of the view that you, you really have a strong conviction where the market's going today
and you want to get promoted in a day,
then the system won't hold you back from that.
Got it. Very useful.
Cool.
Was there any other questions in terms of how – I should probably explain maybe how the cash outs work as well, right? So you get 80% of any profits that you generate. Now, the funds come from an on-chain vault that are deposited into your account and you can actually see it in your trading account. But the back end then restricts you withdrawing unless certain conditions are met right otherwise you know somebody would just take the money and run um now once you've the conditions
have been met i.e you've hit the profit target and you've got enough points then you go into on deck
mode and you click withdraw and you're actually calling 80 of your money back to you so there's no
um even there was one that was shown to me earlier by a partner,
which is another sort of prop trading app, but it's like 200k, so you know, they're not the same
as us, but even they said 48 hours to pay you out. In our system, you know, because the funds have
been already been won from the market maker, they're sat there. They're sat there as USDC
in your account.
And when you reach on-debt mode, it goes back to the vault.
You click withdraw, and it instantly pays you out.
So there's no human review or anything like that.
So there's actually, there is zero method of us intervening in that process.
If you make profit, you cash out, there's no question about that.
I mean, that sounds like pretty good compared to like a $40 payout. I mean,
that's kind of why we're all in crypto, right? Like you're able to kind of verify these things
and have access to things instantly and not wait for your bank or your
wire transfer or whatever it is to take days and maybe not overcome so that yeah that's nice here
exactly exactly yeah so it's um sorry go on no i was gonna just say i think that's like one of
the coolest things about foxify is that it's it's completely permissionless and and on chain right
so you know regardless of our opinions if we wanted to try to do anything more predatory
or if that was our intention in any way, we couldn't, right?
Everything is on-chain.
It's all verifiable, and you can simply interact with the system, and it will work with the
presented rules.
Yeah, exactly.
And I think there's also like another really important message because
um so for us this this you know traders you know trading is hard right let's not get away from that
so that's why we say apply risk management you know follow certain strategies don't get emotional
and we say that with sincerity because we a trader that comes and goes very
quickly we've got all of the cost of finding a user and and helping you understand our platform
and onboarding you and then you run out of money and you disappear now prop firms are very happy
with this right because that's their mission is to extract your capital from you as quickly as
possible whereas the way we make
money as a business for full disclosure is we make money from a fee share and we make money from the
profit share and traders that run out of money don't continue trading right whereas traders that
are successful do continue trading so so our our um i suppose our outcomes are completely aligned with you as a user.
We want you to win.
We do better if you win because you trade for longer.
We share in the profits that go back to our fault.
And that's proven by us always developing and finding ways.
So at the moment, a couple of interesting things we're working on is full automation.
So one of the things that we recognise
that some people either don't have the skill
and many more people just don't have the time
to sit there looking at charts all day, right?
Trading is actually very time intensive.
So what we're doing is enabling the ability
for users to select an automated bot
that will then run your funded challenge for you.
So you deposit, the bot will run it, you know, everything in trading can lose. Anyone who tells
you different, run away from them. But we know that this bot far outperforms humans, has a much
better chance of success than even good traders, let alone average traders. And that will run
autonomously for you. And all you have to do, end of the day, I wonder how much challenge is getting on.
You can go into the app and you'll be able to see what trades are open,
what trades have closed, what your current position is.
And then eventually, if it reaches profit, then you would be able to cash out
and then start the next level.
But again, the bot takes over and it does that for you.
A prop firm will never do that because that would be like them then,
that'd be like them giving you Rain man at the door of a casino yeah um because they they're not
going to give you tools that help you win another thing we've developed is copy trading so we're
working with a few master traders at the moment and we'll be expanding that in a couple couple
of months and then we'll offer you the ability to look at a leaderboard of funded traders and then
choose to copy them and again a prop firm won't do that ability to look at a leaderboard of funded traders and then choose to copy them.
And again, a prop firm won't do that. They don't want a high concentration of high performance.
They want to see everybody lose, whereas we do.
So we, you know, over the next couple of months, you'll see all of these things start coming live and being made available to users,
which is ways in which we want to we want to help you to succeed.
help you to succeed.
Sure.
There's some big things happening on Kodiak at the moment, Vera Rodman.
We've got $69,000 competition that's coming to a close in nine days, right?
Yeah, it comes to a close.
So we just surpassed 50 million in in
total volume i think just under half of that actually is done by um pro or by by funded account
traders so far um and so yeah it's it's primarily rewarding um all of our top volume traders
throughout the month of january that will come to a conclusion at the end of the month um and then
in addition to this we have the the Fox five double cash out bonus.
And I think this is actually like a very slept on promotion.
And basically what you see with like a lot of perp decks
right now is you're farming and you're trading
on these different venues with the expectation
that the points or the tokens that you'll get airdropped
either act as like a nice cushion
to whatever existing P&l you have um you
hope that they cover your fees that you've spent on the platform which are typically pretty expensive
and then um if you've taken any losses you you kind of ex hope or expect that to cover some of
your losses well with the the um foxify double cash out bonus with that we have been um running for the last i think just over a
month um if you are a profitable trader and you actually progress through the foxify challenges
you're actually eligible for almost or in in some cases double double the profits that you would
have made um and i i don't really see like any any promotions or any sort of campaigns that are going
on that are really
as interesting as this.
I mean, if you're a profitable trader, you literally double your profit.
And I think that's pretty cool.
Yeah, it's a huge edge, isn't it?
And again, the drawdown at level one is 20% and the profit target is 15%.
And you get double cash out at the moment with that promotion. So if you're a trader and you fancy yourself,
the edge versus the most efficient way to trade
is Kodiak Perps on double cash outs on Funded.
I will say this proudly,
is definitely the most efficient way for traders to trade
across the whole of DeFi at the moment.
It would smash any, in terms of skill, it would smash
any points farming or airdrop system that's running at the moment.
Yeah, so so pretty excited to see to see what type of competition
and what type of cash outs we see and, you know, not not
not so much of it has been utilized so far.
So, yeah, expect some more in the coming weeks.
Amazing.
Amazing.
I should also, so I've asked a question coming in a bit.
Okay, well, kind of questions now, guys,
because we are going to start wrapping up in a second.
So if anyone's got any questions that they want to ask um now is the time i do want to also little shout out for the people
that um that don't trade because lots of people in this industry don't trade um but they are
interested in how can they get involved so um we we're also taking part in the kodiak ecosystem
by bringing the fox token to bearer chain so it was recently paired with usdc on the kodiak ecosystem by bringing the Fox token to bearer chain. So it was recently paired with
USDC on the Kodiak app. So you can provide liquidity for the token and you're earning
great rewards on the Kodiak app at the moment. Plus also 30% of all trading fees are used to
then buy back the token. So the token has an actual ecosystem buy pressure. We've been hitting
daily volume sort of records actually
so as a business we're scaling very very quickly the fee takes scaling and a big chunk of that
value then drives back into the token so if you're not a trader you can get involved with the token
become a liquidity provider and then rewards going back to the token from from trading fees
and then we'll be looking to set up automation as well which will which
will allow people to to get involved that that maybe don't want to trade themselves but they're
happy to to have some risk exposure and get involved passively is there anything else you
want to cover bear rodman in terms of what's going on with kodiak before we we close up
no i think i think that covers it for the most part. Yeah, I mean, I think, you know, like we have some some great some great competitions going on.
Really excited to keep seeing new traders coming and using Foxify.
And I think over the last couple of weeks, we've had a ton of them.
And so we'll continue to push that.
We have some integrations that are coming out that have been previously previously announced.
And that will also just make or give give traders like additional tools on top of kodiak and enable a
more um like pro trading environment and so really excited about that stuff um and yeah
brilliant yeah absolutely and i think both kodiak and also Foxify community is super active on Discord. So if you want to come and get involved in the communities, you know, like our posts, follow our accounts.
But if you want to come and, you know, our community has been around for years.
Super, super genuine, well-set community.
Always welcoming to new people as well.
So come and get involved.
We do have a question to finish off, which is great.
So how far can skilled traders scale on funded on Kodiak?
So a skilled trader can get up to a $10,000 account.
You can run multiple accounts from the same wallet, though.
We have no issue with that.
There's no restrictions in you using certain trading strategies, hedging, bots.
Do whatever you like.
If you've got an edge and you've got a way to win,
then you can just completely ramp up as many accounts as you like off of your wallet.
Cool. Brilliant. win then you can just you can just completely ramp up as many accounts as you like off of your wallet cool brilliant so bearer bent jintao uh also carney thank you very much uh before we close
off is there any final words or comments that you want to make
no anything massive that's happening on bearer chain that you guys want to push
well you can uh you can you can long bear on kodiak perps via your your funded account you'll
get paid i think about 700 right now in funding wow true story and you can you can you can prove this by going to the kitsune page at
foxify.trade because that's our automated trading um bot that copies signals uh we longed various
and made um kitsune made about 170 dollars longing there yesterday so there was an odd pump during all the dump and it picked it up so yeah gg good good stuff all right cheers guys thank you everybody take care all right thanks for having
us all right cheers
