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Get your weekly dose of Alpha Leaks. Tune in, ask questions, share good vibes!
Recorded: March 13, 2026 Duration: 0:26:20Space Recording
Full Transcription
Thank you. so
Good afternoon and happy Friday everybody. My name is Declan, I'm CEO of Aurora Labs and
welcome to this week's Alpha Leaks. I hope everybody has had a good week. I'm going to
be going through the updates now before we actually have some guest speakers that will be coming on as well.
So what updates do we have today?
Well, there was an article that was released by Forbes.
There's some comments from me in there, actually,
that's talking about the fragmentation challenges
that are coming with standalone liquidity.
So this is actually something I
have talked about previously, you know, where what we're starting to see in the industry now
is basically a move away from kind of dApps and more towards fully integrated systems. Near Intense
is obviously a fantastic example of this, you know, the ability to not necessarily centralize but to be able to tap
into liquidity across multiple networks and multiple protocols but of course that doesn't
come without potential risks and challenges you know as we've seen in traditional finance right
if there's a run on one of the banks or if one of the you know major banks across the major kind of
powers in the world have a challenge there's a knock-on effect to all of the you know major banks across um the major kind of powers in the world have a challenge
there's a knock-on effect to all of the other markets you know and that's something that of
course exists um within our industry as well you know when you start to actually integrate these
solutions together so if you're interested in uh you know this side um of the defy and this side of
the ecosystem please do check out the article it's worth a read. There's some comments from a number of other companies in there as well.
Now, the new intent, as you guys know, we've been talking about our new near intense widget for the last few weeks.
But actually, there's even more insights from Michael Vanderpot on his YouTube channel.
insights from Michael Vanderpop on his YouTube channel. If you want to get his opinions and his
views on the Near Intents widget and what his opinions are for Intents going forwards, do check
out that video so you can see what his thoughts are as well. Now, last week I talked about
CredShield. So CredShield is now available in the Aurora marketplace. For anybody that is actively using
our virtual chains, you're able to now integrate CredShield. They've actually released a checklist
for builders that are actually preparing their own production deployments. If you're planning
on building with Aurora Cloud, please do take a read of the guide. It gives some great breakdowns of what not to do and how to ensure that your product is
as secure as possible. Now, COCA is, as you guys know, becoming a very good partner of Aurora's.
We're working very closely with them. We've been doing a campaign with COCA recently where you can
now top up your COCA card directly with Aurora tokens. And of course,
thanks to COCA's intuitive platform, it also means you can get up to 8% cashback and 6% APY
on the tokens that you're depositing there. Now, many of you guys will know, I'm also a user of
COCA. I use it quite regularly. So it's great that the Aurora token is now supported. And of course,
quite regularly. So it's great that the Aurora token is now supported. And of course, Near Intense
is just around the corner as well. In fact, I'm hoping that maybe next week, I'm going to be able
to share some insights on our next big release, so to speak. And I mentioned that now, because
Coco will almost certainly be one of the first customers that will be using this new product set.
And I'm sure many of the other customers that we're speaking to will be actively using it as well.
Now, of course, Near Intense widget is only so good as Near Intense itself.
as Near Intense itself. And Near Intense itself have been busy. So Alex posted the announcement
And Near Intense itself have been busy.
that Brave have now made a major upgrade to their platform. They've added full support for Near
Intense. It is now the primary mechanism for swapping in the crypto assets across multiple
chains, obviously Bitcoin, Solana, Zcash, Cardano, and it can all be done directly within the browser. So this is obviously
a huge win for the Near Intense team. It's going to be a huge upgrade for Brave and Brave users.
If you're a user of Brave and you haven't seen this yet, please do check it out. And of course,
we're obviously looking forward to see what other partnerships are coming in the pipeline.
I, of course, have some insights on what is coming, and I think there's going to be some exciting updates across the board over the coming weeks and throughout April.
So that is the kind of key news components for this week.
Now of course to see who our winners are going to be on the meme contest.
So let's have a quick look.
So Kevin, when you realize near intense widget info is so good, you can move value across
chains.
Okay.
Is that Jon Hamm?
I'm not sure.
Who else have we got?
Okay.
Yeah.
So there's quite a few actually regarding HACO Agent, which is great.
Who doesn't love the godfather?
Okay.
Yeah.
HACO Agents again.
The Office.
Do you know what, I don't know if it's really good or really sad that I know pretty much every program
that these meme pictures are from.
Friends pitching faster bridges and low gas
whilst they're making instant gas-free swaps.
Yeah, okay.
Thank you, Major Lazer.
We've got one from Julian.
Oh, I haven't had a football meme in a while.
Okay, Ronaldo projects integrating had a football meme in a while. Okay.
Ronaldo projects integrating near a swap.
Okay.
When you can't seem to get near intense,
would you get out of your mind?
It's all you can think about.
Okie dokie.
Yeah.
Well, I can tell you what,
that's how I feel these days.
I literally fall asleep
and I'm literally thinking about the upcoming stuff
that we need to release.
Okay. We've got something from praise
hacker agents adding more source to near intense widgets i'm not sure that's how hacko do it but
that i like i'm liking the uh breaking bad reference okay and oh no bruce almighty christ that's a film I've not seen in a while.
HACO Agents, Integrating Near Intents.
Okay, I've got Avengers, Infinity War, I think.
Embedded All Daps and Apps into the Near Swap Widget.
Complementing Near Intents for its good infrastructure.
Okay, thank you, Rachel. and the final one from zane okay lord of the rings my near intense my near my the one
intense to rule them all okay uh zane i quite like that so uh you're gonna win one this week um
leotan i'm gonna give one to you the bruce almighty reference is a nice touch
yeah craig always got to give a nod to the godfather oh i'm not following you let's fix
that um okay so that is our three winners congratulations uh i look forward to seeing
what you guys can come up with next week as well um i will actually be in a different location next
week um of the aurora team uh the raw management team has its quarterly kind of strategy review
but we will still be here and we will still be presenting um now i'm very excited now to introduce our guest speakers.
So we have Yodel and we've got the founder and co-founder from Yodel joining us.
So we have Madher.
We're just going to bring you forwards now so you can say hello.
One moment.
There we go.
Madher, can You hear me okay?
Yeah. Thanks for having us here.
Tanook as well. Hi, Tanook.
Hi. How are you?
Not too bad. Not too bad. So welcome. Thank you for joining us on this week's Alpha Leaks.
As always, it's always great to kind of start by giving people a bit of an
overview of what you do and who you are. So without further ado, if you want to introduce
us all to your product, your project, and what you've been building this quarter.
Yeah, so we've been building Yodel. It's an execution credit infrastructure that allows
solvers to fulfill intents without deploying their own balance sheet.
So to give you an example, right now the state of intents market is that it's similar to what traditional finance was before prime brokerage came into the picture,
where only the big banks and the people with deep pockets could execute strategies.
It was not about strategies.
It was more about the capital balance sheet that you have.
And based on that, you were able to get a fair share of the market.
And that is what we can see in the intense market today.
There are, you know, some dominant solvers who, you know, take most of that chunk of
the trading volume so and and this is similar to
prime brokerage in a sense that with yodel coming into the picture the you know smaller solvers they
don't need to worry about the limitations of their own balance sheet as they can they get a credit
line a temporary credit line that they can use to increase their throughput and you know without
deploying their own balance sheet yeah so at a very high level this is what we're building
okay brilliant and obviously you guys are using the near intense widget which is fantastic
what made you kind of choose the widget how have you found the process so far
and really what problems has it solved for you guys? Yeah, so first of all, surprisingly, it was very easy for us to integrate it.
And it came at the right moment because we just registered our network on Symbatic Vaults
and we are just starting with the delegations.
So the biggest problem for us was the barrier to entry for users who are not there on Ethereum chain because
primarily the vaults are on Ethereum. By integrating Near Widget, we have removed that barrier
of entry, I would say. And this is just the first part where we have integrated the widget,
but we are closely working with Aurora team, Near team to have a more deeper integration where our solvers
could also use Nier intents for cross chain settlements.
Okay, fantastic. And in terms of kind of, I guess, start to finish, how long has it
taken you guys to fully implement this? And have you had any kind of feedback from any
of the users yet using it? So I think it took us, I would say, one day to integrate it. We were, you know, but I mean,
we were occupied with a lot of things at our plate. So, you know, we could not do it sooner.
It took us about, you know, from the moment we had a conversation with Igor to integrating live,
you know, it take us about a couple of weeks.
But yeah, I mean, it's pretty straightforward.
And since we are at the testnet right now and the users who have been using it, they
are quite surprised because, you know, they are not expecting this kind of user experience,
especially when, you know, from a startup like Yodel, because after integrating widget,
it seems like, you know,
something real is happening behind the scenes.
So very, very glad that we integrated it at the right time.
No, no, fantastic.
And I believe you guys have actually got something
to share as well.
You're gonna walk the guys through the product
and they can see how it works.
So we're gonna bring your screen up now,
and then you'll be able to walk everybody through.
And of course, we'll have a look for questions
from anybody that's watching afterwards.
So let's just bring your screen up.
There we go.
Okay, over to you guys.
Yeah.
Yeah.
So this right now, it's on testnet.
So the goal over here is that very soon we'll be making this live wherein the retail audience
can come in and delegate your tokens to a specific solver or what we call it as execution
agents.
So what happens is since this is kept as a collateral based on which the execution agents are able to get the execution credit that Madhru was just talking about.
So the integration is pretty simple over here.
So if in case you don't have the tokens on Ethereum, you can just simply go to the widget, select the tokens that you want to bridge into ethereum
and uh that's pretty much it after this you know there's also a functionality wherein you know
once you've come to the screen where you want to delegate these tokens to the operator or
the execution agents you just come here you get the tokens on Ethereum,
you enter the amount that you want to delegate,
and that's just pretty much it.
Your USDT or whatever you're delegating goes into the vaults.
At the back end, it's swapped with Yodel,
and it's deposited and saved into the vault.
Okay, brilliant.
And from a user's point of view,
let's say they've done that.
What happens if they want to,
you know, withdraw from the vault?
Is that a simple thing to do?
What's the process?
Yeah, so generally,
you know, there is a,
I would say a minimum lockup duration
of one month as per,
you know, symbiotic vaults.
This is how it works.
And there are two kinds of vaults actually.
If you're talking about Yodel, when you select the cliff,
so basically based on your appetite,
you choose the time duration.
It starts from three months to 12 months.
And, but in general, you can also delegate
for a minimum of one month, you know, cliff.
And after that, you can, you for a minimum of one month cliff.
And after that, you're free to withdraw.
Okay, perfect.
And from a security point of view,
because this is something that is often asked
when we have partners on here,
how do you guys ensure that any of the assets
that users are depositing within your platform
are kept secure and safe?
Yeah, so basically we don't take the custody.
The initial movement is that from the earway of user, it goes into the vault and from there
it temporarily goes into an orchestrator which is our smart contract.
And then that fund is being used across across one inch OKEx aggregators and there
are multiple aggregators.
Soon we are going to add more.
So the idea is, you know, the operator or the execution agent cannot withdraw it to
their EOA.
They can only interact with addresses which have been whitelisted by Yodel.
And initially it's only like oneinch and OKEx is next.
So that ensures provided the audit is fine.
I mean, there are no bugs in the smart contract.
Okay, fantastic.
And you mentioned 1inch there, obviously.
I know you've also announced partnerships with Symbiotic, right?
What's the nature of the partnerships
and how does it improve your product? So basically with Symbiotic, right? What's the nature of the partnerships and how does it improve your product?
So basically with Symbiotic,
what we're doing is,
you know that there is a lot of,
there are, you know,
an idle capital sitting in Symbiotic vaults
because essentially everything that is there
in any of the restaking protocols
is for economic security.
Now, the problem with that is
it is just sitting idle, not doing anything.
What we did, you know, we basically wanted to utilize that idle capital temporarily to
back solver's execution.
So how it basically works, we call it an execution time debit.
It is not exactly a slashing, but works similar to slashing where we temporarily slash let's say USDT or rat eth from
symbiotic walls into the orchestrator which is managed by an operator or an execution agent and
then you know there is a time duration so for example when somebody delegates to an operator
they choose the epoch window so it could be one, one day, depending on what they want to do
with. And based on that, you know, within that duration, the execution agents need to return it.
So now there are a couple of scenarios which might happen. Because of the market conditions,
you don't have enough tokens. And this is where their bonded Yodel collateral comes into the play.
It is slashed from a symbiotic vault, swapped in AMM pools to make it atomic, only for the
deficit part.
So the first part is, let's say you swapped ETH for USDT and that is in the orchestrator
now ETH pumped.
So for us, the problem is not that know market crashes because that is when yodel makes
money in the sense that you know uh we we are not affected by that the problem is when the vault
assets which were swapped for stables or other assets they pump hard and that is where it could
uh you know trigger liquidations but uh these liquidations are not like what you see in a perp
it is not based on the price it is majorly based on the deficit. And to cover that deficit, Yodel tokens and around 40% of the total
supply of Yodel tokens are also allocated to make sure that the vault's baseline is always restored.
Okay, no, no, that's great. Well, I guess I've got time for probably one more question. What do people kind of watching right now have to look forward to from you guys over the next month? What alpha can you share with them?
Okay. No, no, that's great. Well, I guess I've got time for probably one more question.
I mean, that's going to come very soon.
The idea is, you know, why the market was not ready for it?
Because as you know, the evolution has been that earlier there were AMMs, which were atomic.
Then even, you know, with intents, you know, there is an option for, you know, for the solver to walk away from the code after acceptance.
to walk away from the court after acceptance.
And this is why, you know, something like Yodel needs to be there in the market,
which balances the scales in the favor of smaller solvers,
as well as the venues for more reliability.
So this is the missing primitive, and it's going to be as big a moment,
which happened after prime brokerage came into the scene for the traditional finance.
So very excited and, you know, very happy that we are integrating with Nihar and at a deeper level as well.
So there are a lot of updates that we're going to share over these few weeks.
No, no, we look forward to it. And, you know, we'll obviously be in touch you as well um with our new product release that we'll be announcing very soon because actually your product would be
a prime candidate uh for this and i think it would improve the user experience even further
um although it is obviously you know pretty good already um madur tanuch thank you so much uh for
joining us this week on alpha leaks um and of course we'll we'll be more than happy to have
you back on to share some more updates um you know, over the next few months.
Now, I'm going to have a quick look to see what questions that we have for today.
So let's have a quick check.
OK, so we've got a question from Immortal.
What do you have to say about the near intense collaboration with Coca Card?
Yeah, we're working very actively with the coca
team uh in fact i'm actually on a call with uh vasili ceo of coca um almost straight after this
actually um so coca are going to be involved quite closely uh with the new product that we're going
to be releasing which is going to be a pretty big upgrade um to the near intense widget as you see
it today so i'll be able to share more on that um as i said
hopefully next week actually um as long as omand uh is happy for me to do so and we're ready to go
then i'll be able to share more on that next week okay so we have um another question here
um what other innovative features you wish can be on Near Intense? Well, I know what
feature I want to be on Near Intense because we're building it right now. So again, I'll be able to
share more on this very soon. But I guess to give you a bit of a clue and a bit of an insight is
Near Intense right now is fantastic in that it allows all of you as users, all of us rather, to be able to seamlessly swap
anything you want at any time. But why do people make those swaps in the first place? What do they
want to do with it? And hopefully that gives you a little bit of a clue as to the direction that
we're going here at Aurora with our product development and with our release schedules.
We have a question here from Obsidian.
Wouldn't offering near-intense widgets to other launch pads create competition for Calix?
Yeah, great question.
So, look, I mean, the beautiful thing about Calix is it's multi-chain by design
because it's actually built on near-intense, right?
You know, one of the biggest challenges that a lot of launch pads have had historically is their liquidity is kind of trapped into one network
and we don't have that issue uh with calyx now yes arguably giving this functionality to other
launch pads um kind of adds a competitive layer but to be honest you know we all target projects
in our own ways um the way the market is at the moment anyway there's very few um you know we all target projects in our own ways um the way the market is at the moment anyway
there's very few um you know projects that are actively launching um but also from a near intense
perspective any any any launches that take place there and any fees that are generated come straight
back into the ecosystem which gets invested into you know our products it gets invested into future
releases and the ecosystem as a whole. So yes,
on paper, there is a competitive aspect to that. But in reality, it's really just a diversification
of revenue and allows us to create more opportunities. What else do we have? So
Alpha, which other blockchain should we expect on Near Intense?
You'll have to wait and see.
That one's not for me to share.
That's for Alex and the Fuse team to give some more updates on that.
But I do know that there's a few in the pipeline.
We have a question from Saeed.
There is a revenue dashboard for Near Intense.
Is something similar for Intense, Widget or Calix?
Yes, there will be.
It's something, actually, we're looking at at the
moment. We're very busily focused on kind of the next release, shall we say, but it is something
that we're aware of internally and it is something that we do want to get to once we have resources
available to do it. So, Aduka, should we be expecting more partners on Aurora in the nearest future? Yes, we're actively engaging a number of projects, primarily for Near Intense,
we're legit at the moment, but you can expect some more announcements as well.
And of course, we're always looking at how to strengthen our partnership panel
for the Aurora Cloud marketplace as well.
Liaton, so many projects implemented AI based on Claw,
does Aurora plan to develop some?
In fact, I'm gonna do two questions at once here
because Praise has asked a similar question.
Would Aurora be embracing AI innovation?
So the answer is yes, we already are.
So actually our team, both our product team,
sales team, engineering team, we're already using a number of AI tools for a whole range of different things.
For some of our projects, it's obviously not that simple.
Some of our products are extremely complex.
Our engine, our smart contracts, all of those things.
We have extremely talented engineers that do that. But certainly for a lot
of our kind of ideation and a lot of our new kind of products and releases, we are, of course,
using all of the tools at our disposal to make sure that we can release things as quickly and
seamlessly as possible. And I think that is everything. Yeah. One more question. That was
from Craig. Are there any new features going to be added
to near-intensive widgets soon?
The answer is yes.
And I will hopefully be able to share
something on that next week.
So I think that's it.
That's a wrap.
Have a great weekend, everybody.
And thank you for joining this week.
And I look forward to seeing you next week
for Alpha Leagues.
Take care.
