Hey guys, how are you? How are you my friends? Hermes, dude, how are you doing? Kuri as well. I'm putting Kuri as Go host. Hermes and dude, you're going to go up here.
Just feel free my friends. It's nice to have you here and a great weekend ahead. How are you doing, Quitting? How easy are we can do? We can do wasn't how is your week going so far?
Yeah, so my weekend was like, I wasn't in some rest so I took some time off, some time to relax, some time to clear the thoughts and I'm back at it like one more week.
to hustle, to work hard, to make things happen, even though we have an important game today. I'm really looking forward to what this week prepared to me.
And I'm having some troubles regarding to university but I just think that in the end of the day everything is going to be alright. But how about you? How was your weekend and what you're looking for for two weeks?
Oh, I was taking time off as well. I think that's very, very important. So I hang out with some old friends that I didn't have contact with them for a long time.
And I, yeah, and now should drink like yesterday was totally totally totally off. I was without internet or stuff like that was in in a in a place
that was like in the middle of nothing so it was very I like this sensation of not having distractions and about how about you dude how was your day jam my friend
Good morning guys. I also had a great weekend on Saturday. I met some guys and we just played some video games. I went after them long and was nice to see some old friends. Yesterday it took a day to do some work and
get back on the track with some things that was behind schedule so it was a nice weekend, not much done but a good feeling
Yeah, and we're starting a new weekend here and today for those that don't know we have a game a Brazilian Brazilian The Brazilian team is going to to be against Korea
And it is already a game that if it's the elementary phase. So for those that are not Brazilian, this is a time that the country really stops to see that.
And yeah, it's really enjoyable. I really like it. And the governance talks was in the same time as the game. We didn't notice.
you Friday and I say that requests to change the time for better attendance and let's see how it happens maybe it can be sooner maybe it can be one and one in turn minutes jamming
team and ministry that is the Brazilian time. So it's a non-30, yes, tea. So if you guys want to join the governance talks and go to develop more this topic in
to the Nifty Fightout. If you're free my friends it's always really good talks and really good brainstorming. Just happening to what's happening, what's what to expect in this week. Of course we don't know exactly what will happen
in details but what do you guys expect? We are in the end of the year, things are going to are slowing down pretty quickly. So how are guys seeing this week and what good outcomes and what bad outcomes can can be brought to us?
Yeah, sorry for the lay friends. I do think the thing that carries the most, scaring me the most this week is that we aren't hearing anything from Genesis.
service provider that we saw basically on a bad day let's put in that way so I'm looking forward to here if they're going to for bankruptcy or not
I saw some news that they were basically were in some shady shit with the exchange Gemini. I don't know if that's the way that we
It's called I completely forgot every time I say but they were basically Lending some money from one one from one another and in the end of the day Genesis was like
on a debt of basically one billion dollars with Genesis, Gemini, sorry. So I really do hope that we get some good news regarding Genesis that they aren't going broke, that they like, I don't know how but they arrange to get them money
that day they needed and that's the thing that I really want to hear this week and the same time I really want to see FTX and Carolina that from Alameda arrested. I talked this before with you guys but it's
It completely mind blowing to me that the developer from Tony Rukesh is in jail that Rosu Berge, the founder of Silk Road is in jail and FTX and Sam and Karolina aren't. So that's the thing that I would
that I want to see some problems getting so good and I don't want to see any more interviews from SPF because that shit's very very cringe for me man. I can't stand him saying that he's just sorry that he was the CEO and he needed to pay more attention to these or to that.
that's not something that you should be saying after you basically broke more than 100 companies. So that might take for the week. And at the same time, I'm really looking forward and I think we can talk more about these on today's basis or in the worst
about artificial intelligence. I'm starting to play around with OpenAI. I already forgot the name, it's chat, GMPGPT, that AI basically creates, you can talk with the AI, you can create
some new friends or artificial intelligence and I'm really testing it out. It's really amazing, like we can talk more about this later. But from my side that's it. I'm not going to be the only one I get in the mic here. Go ahead please friends.
Nice I saw a lot of people playing out with open i AI and was pretty crazy pretty crazy because if you have this kind of
details of what you can produce, of writing techniques, of dialogue, of whole stories, whole universes that you can build with just a simple sentence.
it is unbelievable it's unbelievable yeah but going going ahead going ahead to what's happening in the week ahead
We have some debates going more into, I think more heavily happened or more hot topic. I can't enter this and this thing is
interesting because it's also one of the debates that we are having into Nifty Fightdown. But first let's go to Jude, Samuco, how are you seeing the week and go ahead?
I'm kind of excited. I think we had a lot of going on on each five. So I'm excited for the
The first class we should play in our Builders Lab program tomorrow evening, we can have the night.
And as well as the government talks, I have a lot to that I want to discuss with you guys and with our community and I'm looking forward for that.
I'm glad to be working in a space like this.
great to have another week too. It's good, these things. I'm going with you guys.
Yeah, one of the one of the things that this week is is being hot topic Mainly I'm basically this and the defined the defined article about
that how the debate in defy turns into the debate about dog awareness, mostly after the Vitalik critique, there's something that Kuri or Gelfi, sorry Gelfi's
to the governance chats and the governance guild. And it's something that's pretty and pretty nice to have Vitalik saying this because he is a major influence in the ecosystem. And he
We are in the same step by step way of doing things that his our goal goal. So we are in the same line of thought. Just to see what we are going to do.
But the only people from whom it is good trade are millionaires, mood millionaires and hedge funds.
talking about governance tokens, multiminals and hedge funds, including attackers. So for butering, most of the governance tokens that are there and that are one token, one vote, benefit
Plutocracy. And that's something that people have been talking a lot lately, mostly make her doubt, have experimenting with a lot of things. Corina, that one was, she's
This is one of the contributors of the growth core unit of MakerDom. I talked a lot about it into this defined article. And interestingly, I remember when I was with
in the interior and real. And we were watching the Korean talk. And I remember looking to Korea and saying that they were so far ahead of understanding
The other governance was very interesting how they stressed it out and created mechanisms and things that most of them don't have. They are like a good benchmark. Do you remember that, Kudi, and how easy your point of view in the beauty of the set?
Sorry, what is my point of view of what? Sorry. What are point of view of governance tokens about what but during sets and do you remember me talking about Corina in the interview with you? Yeah, yeah, yeah. I don't know man. I think I saw the telecom in the
about it as you said and so that gauze and that to us. But I think we are leaving some kind of experimental times and we need like governance token right now like even though it's not the better the best option. It is something worth trying, worth like stressing now, stressing
to see if it works for the doubt that you participate or not. But I don't see that as Vitalik mentioned, as the most viable thing that we are going to have on the 1000th future. I think like we are trying to evolve, we are trying to develop this doubtful system.
and we are doing a great job about it like each day that I open my Twitter account I see a lot of those that I never ever thought that would exist and governor is talking for now it's like it's one of the only possibilities that you have not the only one but we're not
and to have to create some kind of on-chain governance. So right now governance tokens for me it's kind of a big deal and I hope that in a brief in a new future we evolve from that but as far as I know it still is some some great way to to
Create some on-chain governance. So that's my take. I don't know. I really like I also would like so by so-bound tokens as governance, but I I think that we have to evolve a little bit more to say that SBT is a thing like we are on our early stages of the year
yet. But yeah, I remember this talk on Ethereum real. I don't know if you guys saw but they basically leaked the dates for Ethereum real next year event. We can talk more about this. And I remember of Corrina and I remember that we talked about
that make her that I was so so far ahead that we should like some kind of learn from them. But in the end of the day like a few months later I think they also like could learn from us. I know that they have their problems we have our problems and here we
We, I say like as NIFT-FI, as all other projects that we participate that we are joining because in the end of the day, we are still so early in this difficult system that everybody has something to help one another. So that's my take friend.
Yeah, definitely, definitely. This is a space that is ongoing, ongoing experimentation. It's purely experimental. And I agree with you that on chain governance, it's what brings trust.
not rely on centralized parts. So I think that tokens are the things that make us do that in a most efficient way. Signing or SBTs are not
are not efficient in a way because people lose interest in governance. So they can still have the power of governance but without having the interest of the best interest of the organization.
Yes, this can happen and I see this happening in a lot of places and yes, it's a good discussion I would say. It is not a debate that it's simple in any sort.
are there different those are trying to approach this issue with different approach different ways of doing it and because of that we tend to talk this that this is is an experimental
environment. Just happy into the feed switch vote of Uniswap. There is a lot of talk about this about what is being proposed by Uniswap Governors and basically for those that don't know feed
switch it's a proposal that 10% of trading fees from three liquidity posts could go to the unisob treasury and not go into the liquidity provider. So how
How is your feelings about that? How is your feelings about this switch? We had two different answers of the market and I can tap into this after. But firstly, what is your feeling about that?
I got a confess that I didn't knew this from Uniswap and didn't follow it. Can you explain to me a little bit more, friends?
Like the part of the fee that you pay on when you make a swap, for example, goes to the Dow or the foundation.
Yeah, it goes to Unisob Governance, that is the doubt. So, yeah, basically Unisob Treasury, it's governed by Uni tokens holders.
Now, right now, we don't have any relation between what's collected in the protocol and the treasury. So the treasury is not maintained by what the protocol captures in value.
So there is no fee that goes to the protocol right now or to the treasury. Sorry. Feed from the protocol to the treasury. So this fee switch is a possibility. It's something that is doable in the smart
contract of the protocol. So it's like a long-hanging fruit. It's something that can be doable and it's possible to do. It's just waiting to be done. Most people say that the team did that
to not do that them, like the Dynosupp Labs team, because this could be faced as security. So they did this, so the Unusupp governor
the token holders could do that, could vote this because they are a centralized organization and other companies. But saying that, but this comes with trade-offs.
At the same time that you need token holders have a treasury to more robust treasury to manage people that are providing liquidity have less rewards.
can provide liquidity in other protocols. So you lose a little bit of competitiveness in this space. So at the same time that the unit token exploded in value after this announcement
It was a little bit 5.9 and when the proposal was running was to 6.5 dollars the uniprice. So I jump here of a lot of
of valuation because of this possible fee switch. But you know trade-offs are that any other people can fork, you need to stop and they can use that to increase efficiency in
in contrast to what Unisop is doing or the Unisop Govurnas is doing. So that's I try to try to make it simple but you got it.
Yeah, yeah, I think I understand. And like just like saying what I thought when you were saying like this could be something something like on a dull perspective that could be something
interesting because they are going to have some kind of source of revenue and that's very very important. At the same time it is kind of weird like I don't know how these was pretty
presented how this was put to voting etc. So that's something to worry. Not that they did something bad. The thing is that I didn't follow it. So that's
of course glens it seems some cool way to them to get some kind of revenue and that's very very important. I don't know how that going to evolve but from my side that seems cool man.
a great way to monetize what they have and to try to get some more money and not to steal from their users. So I'm going to definitely take some more looks on that because that's interesting for me.
Yeah, just pinned the news here. This is an article made by the Defined talking a little bit about it and how the token reacted right after. Do you have anything that you want to comment about it?
Yeah, I'm thinking of all the straight-off that
it would shake uniswaft governance on the defy market right now.
because of this little changes.
I think at some time it would be healthy for the treasury. I'm worried about their their talking governance right now because of
of the set problems of autocracy and Wales controlling everything and this kind of stuff. So this kind of impact is what's crossing my mind right now, but
I need to do some research to get your conclusion for myself.
Yeah, this is a pretty interesting topic because people said a lot about why did this didn't happen earlier and there is a lot of answers to this question and most
because Unishap didn't know people in unit that had unit tokens and could propose the proposals. They didn't want it to, well for the curisans, most people don't know how
to use Dow governance. That's one. In the second is they don't want to lose efficiency of the protocol. And that's a good debate. That's a good hard debate.
But yeah, this is what's happening and I really really want to see how this can come out and what will happen and this can be a major benchmark for other
other doubt governance and other defy protocols. Guys, we want to go into quick news. You want to introduce quick news here to our GM NAFTI Friday.
Let me ask you something about these union news that you told us. Do you know why they are putting this fish switch only on three poles like on the universal of a tree like if and if the sea die a niff and was the sea a niff do you know why man?
I didn't check the complete news yet. I just checked the headline that you've put it here on the spaces. So do you know anything about it or not yet?
Yeah, this is a pilot program. So it's not like mostly it's a pilot. So it's not a complete program and how
how to switch totally the fees or total or 10% or every liquid principle. And I believe that this is because these pairs, if you have this
diet, yes this is the ones that have more liquidity and have more trading and have more fees so that the protocol could be maintained sorry the doubt treasury could be maintained
without interfering in the rewards of the people that were, were liquids providing. So people that are liquids providing have a lot of rewards and the
and this don't create a lot of damage or a lot of trade-offs to the Twitch providers. I would say that, but for now one it's just speculation.
Yeah, I imagine that. I do think that the same way as you. Yeah. So I'm gonna check it out and later we can chat a more balanced information about this because I really didn't follow it through. But thank you for bringing us some nice news.
That's that guys. Thank you for being here. Thank you for being our GM55 and see you tomorrow my friends have a good game Brazilian game. I hope that we win. We will have a space that is important.
Portuguese today, 9 pm Brazil time. Talking about the game, hopefully we do that. And Brazil is going ahead in the competition and not eliminated. Thank you guys, have a nice day and GM.