GM NFTFY + NounsBR: What’s happening in web3?

Recorded: Jan. 6, 2023 Duration: 0:32:18

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Jim Jim Jim, how are you doing my friend? I'm good. Thank you. What about you?
Yeah, doing kind of great because I was just closing my window here because You never know the noise of the streets and it's kind of fresh here. It's over summertime and it's kind of fresh. It's kind of
In my city, the rain doesn't stop. All my windows are closed. I'm kind of desperate because you know I want some wind. I want to open those windows.
No, it's something that I need you to deal with, but yeah, I don't like rainy days for a long, long time, it's kind of depressing.
Yeah, yeah. So yes, me and Cody had an experience using GMX on IBITROM.
Oh, he's here. We met at Call on Discord and we managed together this platform. How was it?
Not excited. Yeah, why? Yeah, because I think we are searching for defiled ventures, you know, like I had a great experience using balancer when you
You put your tokens in a pool and then you you earn some some V-ball and then you can lock this V-ball and you know there is a chain of things to do like a tour
And it didn't happen with with GMX. Why? Why? Because we just take it our tokens. Yeah. And finish there just that.
Yeah, I can't say much because I don't actually have things I never interacted with a jam X so yeah, I'm always
late in the game when it comes to DeFi. I'm using Unisart Pools forever by now and I'm pretty comfortable to it but I know
that jam bags and other defying innovation percoles are way best and sometimes and occasions but I want to say jam to goody how do my friends
GMGM my friend yeah I'm actually good I didn't get the chance to hear everything that Danny was saying but yeah I also tired of raining like I love rainy days but come on man like we need I need some time to
I need some opportunities to go on the street and get some walk and I'm not getting that here unfortunately. But yeah, I'm good. Walking the rain my friend. No problem. I'm gonna get sick. I can't stand like more days without work.
I can't get off. Work's sick. Yeah, that's that's how it yeah, I'm about like yeah. How is your adventure?
into fire lands with any war. How is it going to end up? I love Artroom but I didn't have the best time yesterday with the blockchain.
for like I tried using some other protocols and yeah it's good but like I you guys will be I'm pretty sure probably so until this moment probably going to seem to be a better option but like I don't know it's cool to have other blockchains
cool to interact with some other chains like and I'm really I'm really looking forward for the I'd be talking air drops so yeah I think I think we all should have like it's my personal opinion on our final advice but I think people need to try new things
because crypto pays you to test things that interact with other pros. Of course, you have to be careful. You cannot have your wallet drained and etc. But yeah, I think my personal opinion is that we outshored like interactive protocols, trying to think
because in the end of the day, a lot of things can seem very hard, but when you actually try them, it's not the hard one, it's just some okay things that you need to don't be fighting or some youth. So yeah, that's what my take.
Okay, how would you describe GMX for someone that doesn't know like anything About GMX knows about other things indeed fire related, but okay amazing We don't know nothing about J. X as well joking
That was a good one. But go ahead if you want to simplify. For the ones that are already interactive, I would describe. But if I was talking to someone that never, like do not
have a wallet, I would probably never describe GMX to them because it's easy for those that are already into the file but it isn't beautiful for the people that are into a free but if GMX you can earn you, you can trade, you can
like ask for your tokens, lock them and I've all, it's basically a protocol that you can make some basic defibrations and try to earn some youth. One of the coolest things on a protocol is that they use that they, I'm not going to say the youth, because
because they pay some parking gem ex but part of the yield that they pay back if you take your tokens, if you like compound them, if you provide liquidity, they pay back in its cool because I see a lot of protocols paying, creating some identity mining incentives
If they're on tokens, and that's cool, that's awesome. I also interrupt this post-code, but when you pay back in ETH, it's better because you have more trust in the asset if you trust ETH. That was one of the reasons that I wanted to interact with GMX.
just saw a tweet, I think I lost it, but I saw a tweet that eight hours of OGMX surpassed, I don't know, the number, but a huge number in transactions. So yeah, we were there. I'm gonna try to find it here, but yeah, go ahead, friends.
you know, sometimes we just go, oh, let's do it. And yeah, ready to add the adventurous here. Yeah, I'm kind of late to the game of GMX or stuff that are kind of innovative in the space or new.
Because I remember that the last time I was tempted to interact with a protocol. Do you know which protocol was? It was Encore. For those that know. Oh man.
It was less than that I was tempted to interact with that I never interacted before if I'm not wrong. This is not considering enough to mark places, just defy straight away to fight.
the last one that I was tempted to use was anchor and just fell out with Luna. So yeah, not seeing them I'm an old guy that sits in the park doing nothing. No, I'm
just very cautious on doing these or that. I wait more than do things because I really love how Uniswap is built and how other protocols are built and I really appreciate that they are very nice
because most people try it out, most economics are sustainable and it's being proved sustainable. And I used to use. So for me, it's still the basics that you need to
to learn, to get some some yields. But other things, I consider more is lowly, I would say, to interact and add to my device strategy, I would say.
I say that because most of my money is not enough. So if I go around and without any caution or whatever it comes to my mind
I will be with less money and less money and less money in crashes like that. So it's always more to be slowly and
No more the ecosystem there, you get into not be so attracted by the yield itself. I would say that. How are your defy journey going?
Well, my GIFI journey is doing great. I have learned a lot about GIFI with Debbie. I already interacted with a lot of protocols.
I think the main ones. I'm having great experiences mainly on the strap with three and a balancer as well.
Where did you start? Sorry, good. I'll let you go, but just a curiosity from Danny. Where did you start? Where was your first defibrillator called a new interact with? And which blockchain? That's for curiosity.
If you want to share, of course.
Okay, so from... I want you to go or...
Me? Yeah. My first protocol. Yeah.
Okay, uh, Balancer, Balancer, first one, yes, in the party one. No. Oh my god. That's that's that's some boat movement. Yes, yes.
And I remember I was alone, so anyone was helping me, but okay, I did it. Oh, that's kind of a great start because, yeah, balancer is kind of complex. And if you do something wrong, you'll lose
It doesn't more money than usual. And you couldn't. How was your defy journey by now? Yeah, it was a story. I started in Binance Marching with Pancake Swah.
old times interacting with BSC. I've not missed that. I really do not miss that. Being rugged on BSC, like, yeah, shit happens, like that was just the beginning of the journey. But yeah, with the fight, it's crazy.
Because even though I lost a lot of money with DeFi, when you start interacting with protocols, you realize that there is a whole word for you to interact. I don't know if I'm a good thing to say, but that's why I don't like Maxis because we have a lot of things going on.
on the system and other systems too. I'm not saying just for the theory we have cosmos, we have Solana but yeah and we have a lot of other blockchains that I like very much like Polkadot, we have Aurad and it's amazing to see that that many protocols being built, being created, being developed and like yeah you're
you are going to lose some money on some of that you are going to earn some money in other ones but in the end of the day it's really awesome to be able to interact with protocols like at the time that you want because like for example Dunian and I were doing that basically on at 11 p.m. last night so like banks are
not open that time and if I want to do some operational on the stock market I would not be able so if I presented to me a holding award and regarding to protocols I don't know man I started with pancake swap later I changed it to the theoretical system as my main
My main wallet is putting that way, but I also interact with some auto blockchains as I just said. I think the protocol that I'm using the most right now is Uniswap V3. It's an amazing protocol for you to start learning on what's Web3.
I've always wanted to use GMX. Since the beginning, I actually saw the token like $110. So that is something that really stuck on my mind. But at the time, I was working a lot. I still went, but at the time, I was working so much that I didn't get a time to
I regret that, but yeah, it's cool to interact with some new protocols. I really like it. I think it's a great opportunity for you to learn. Like in after GMX, for example, after last night, I started to dive deep into some other protocols on arbitral.
It's cool to see that the blockchain has an amazing, an amazing portion of Ethereum, the Debt being built there, and other ones being created. And I actually find some protocols that I interact with some youth that I have on my wallet that I did not recall.
I have no idea why I did that and what was the protocol but that is, I don't know what should I do, I don't know if I should close my position in the protocol but yeah, it was there and it is there, I don't know how wide and what the protocols do but I have some money there, let's say
Yeah, yeah, I would say that you you had the most
that most people do, it's a pancake swap and go for a BSC first because at the time was the cheapest and popular way to travel to the gas fees from the ETH Union. A point that was very niche and small at the time
I even, I know that a lot of things in D.F.I. didn't direct it with a polygon at the time. He asked me about things that I was doing in polygon because he wasn't yet in
Yeah, I was lucky to not start on the same thing at the time because I know that they see a lot of scams and It's not a blockchain that is decentralized and safe enough And I started more with poly
in my personal journey. And with polygon I was able to interact with the same particles that were at Ethereum but with less gas fees. So I was able to interact with Arviv. Arviv was actually the first one.
And then Avi, naturally for the... Winni Shop wasn't in polygon at the time, but quick swap and others, other MMM's were there.
This was something that were very similar to the heroes from Ethereum and just applied in Poland. And yes, Curve was one of the first as well. And was pretty magical when I
for the first time because it's always you can't just do that in the banking system. It's hard and it's all needs KYC, all needs verification, you need to expose yourself a lot of the times and
most of these tools we don't have this financial tools at all. So, it was very very great. The yields were pretty high even for Harvey standards were pretty high and curvy as well. And then when you shop I use it
Sushi saw up as well in polygon at the time because Yunus Hap wasn't polygon at the time, but yes, the the youth was very very high Most of this youth of course were incentivized by the the app itself and have been and
polygon but we had a lot of volume at the time so a lot of this was real-wield as well so yeah it was pretty pretty magical this this entry I remember that I interacted with with polygon at least two or three hours
that they just to see what things were around, what protocols, how much I earned in Pulse was very interesting to explore. Yeah, just stepping into your Google head then
Amazing you mentioned curve and yesterday I Wish that I tried to do something on curve because I never did it and I saw that the UX are improved so I think they are better because they were
awkward kind of awkward but they are better now the website is beautiful and you can understand better what you're doing I remember that the first time I tried to use curve I just bought some CRB tokens and I don't know
how I did it. But now I can I can easily understand what you're doing on their platform. I'm kind of offended then because you said that now it's beautiful.
I like this kind of aesthetics, you know, but you are talking about it by and it's hard to understand sometimes I'm telling you I bought some shared be tokens and I don't know how I have I have the app of curvy here
in my computer, like the real app into my work area. And it's kind of interesting. I really like these aesthetics. I still is in the aesthetics, but the old one was
I was pretty, pretty, I was hyper than it because it was pre-o-g. I like this aesthetic. I know that for you, X is trash. Very, very, very trash. But yeah, I kind of like it. I still like it.
Then you know the name of one app that you unfold your web tree identity based on your own chain activity. It's kind of a hubbub hotel. Oh I know. I have a lot of ideas.
A lot of stuff from this platform. We have the FIA. FIA? Yeah. I have the little things about hair, body, and formation. I have the little buildings, but I never did nothing on this platform yet.
I actually interactive it's PH I H just that yeah PH I I don't yeah, but yeah, I actually interactive with this I saw some people interacting with with it like some
some time a while, but I interact with it like less with I think. And it's not some useful protocol. You're not going to win wheels from that, not going to stay tokens, provide liquidity, but I personally
like it very much because you can create some kind of like visual words with the things that you like did on blockchain so I actually interacted like I created my my my kind of word that unfortunately on my I didn't get that much things that I want
But that's okay, like things take time and my words there if you want to check it out you can like search for it. It's my wallet my purse my public wallet and it's very cool and I really want to I really wish that they like expand their missions because
That was a great idea. Like it's just like hagu. Like there is not back. Like there is not users like that. There's not people there yet. That's just like buildings and like things to put in the word not things to interact. Actually, I think. But yeah, you
It's awesome and I like it very much and the UX and Y it's very simple and it's on-party so that you can do to not have to pay a big transaction fees I like I directed with it like every time you had to change your word you have to save it so every time you save it you have to pay a gas fee but
It's a bit of a problem, so it's irrelevant if you think so. It's less than one cent of dollars. I definitely recommend everyone to check it out because it's very funny and very intriguing because there was something that I didn't like.
When I started using the protocol, I did not like head, but I was like, "Man, this mission is so easy. I should do it right now." And then I started turning and interacting with it. So I started to earn more figures. That's what's going on there. So yeah, it's definitely worth trying.
But how would you work? You buy a land? No, no. If you connect your wallet, you kind of win a land. And there is some kind of missions. So if you interacted with Uniswap on a streamer maintenance, if you did 10 swaps on it,
If you do 5 swaps on Uniswap, you win some kind of figure. If you do 10 swaps, you win a bigger figure. If you sold like 3 NFTs on OpenC, you win a figure. If you sold 10 NFTs on OpenC, you win a bigger figure. I think that there is right now.
Uniswap, OpenC, Curve, SudoSwap, and they actually publish in the beginning of this week that they are going to do some more D5 protocols, such as, I don't know if GM Maxis is on the list, but they are
It's very funny man. If you have an A&E and S domain, you win some kind of figure. It's cool because you get tempted to do more things. I actually had an interactive... I don't know. If you saw four times, if I had five times,
I would win this figure. And I was like, "Come on man, it's just one time." So I started interacting with some other protocols, started to aim more figures. And the other day, you're not winning money there, but it's a good interaction to do on what we should have.
time to spend.
I think that own chain things are basically identity things. You have what you made and that is something that I think this can bring a lot. You know, it's something that we don't have
We don't didn't have yet in the internet. We have right now. I feel that this is kind of po-abs, you know. It doesn't work anything like material like stuff that you can trade or stuff like that, but it's part of our identity, of our members and stuff.
like that, what you did. And I think that's something nice. I would definitely try out when I got out of our gym today. I always started playing around with this. Yeah, and it's cool because like your your your figures or your badges. I don't know.
They are NFTs, so the ones that you do not put on your islands, you get that they stay on your wallet. So if I want an ENS badge for, I don't know, like setting my NFT avatar. And I don't want to put that on my wallet because I don't have space or because I don't find it beautiful. I don't know, like, for some reason.
They get to like they are only all so they are NFT and you can check them out on OpenC So yeah, that's really really cool the protocol is actually very young. They I found their Twitter here. It's phi the underlying XYZ and they basically
It launched on December 15th, so it's very young. It's definitely worth checking it out. They are doing a lot of campaigns to mark people, join the platform and etc. That's really awesome. I really like it.
Nice nice you made me you made me want to check it out again like I'm open my computer right now - yeah, I can I can follow you
I don't know that. I know that you can put some kind of link on your island to read the red red people for my island, but I didn't get to that point yet. I don't know how you can do that. I know that you can link something on your island, for example. You have some kind of YouTube figure and I actually connect to do with like,
the link for my youtube channel there but you are to read it you can do that same thing you are to each and discord and etc but I don't know how like cross cross links for there yet okay okay okay I will I will try this out yeah that's one
Yeah, I think that that was our GM Nifty 5. We talked a little bit about our G5 journey or all-channel history there. And we have other subjects that we can bring next week.
They are relevant, but they are more relevant in the long term than the short term. How about we say a little bit about China in NFTs next week? How do you react to that, goodie?
Yeah, we have a lot of things to say about China and Chinese exchanges and China as a whole. We can do that. Exactly. Let's go then. Next week, Monday, we are here again to talk about a little bit of that and other stuff that
happened in the between. Thank you guys for being here. Thank you Dan, thank you all of you that listen to us on this lovely day. Thank you people that I really appreciate it right here. Bye. Thank you guys. Great, great chat today. Bye. Bye.

FAQ on GM NFTFY + NounsBR: What’s happening in web3? | Twitter Space Recording

How are the speakers doing?
Jim and Cody are doing well, while Danny is tired of the rainy weather.
What is the topic of discussion?
The speakers briefly discuss their experience using the GMX protocol for DeFi.
What is GMX?
GMX is a DeFi protocol that allows users to trade, earn rewards, and lock tokens for yield.
What is the speakers' opinion of GMX?
Jim and Cody didn't have the best experience with GMX as they were looking for more complex DeFi ventures, while Danny is interested in the platform.
What is Danny's opinion on trying new DeFi protocols?
Danny believes that trying new DeFi protocols is important, but users should be cautious and not rush into things without considering the risks.
What has been Jim's experience using DeFi protocols?
Jim has interacted with DeFi protocols such as Uniswap, Sushiswap, and Balancer, but prefers to be cautious with his investments.
What was the speakers' first DeFi protocol they interacted with?
Cody did not mention his first protocol, but Jim's was Balancer, which was a complex beginning to his DeFi journey.
What is the speakers' opinion on rainy weather?
Danny is tired of the constant rain, while Jim didn't mention his opinion on the matter.
What does GMX pay users back in for their yield?
GMX pays users back in ETH for their yield as opposed to its own token, which Danny finds attractive due to its higher trust value.
What advice does Danny offer for those new to DeFi?
Danny advises new DeFi users to try new protocols but be cautious and mindful of the risks, and not to be attracted solely by high yields.