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HOLLAR x gigaDOT
Recorded: March 28, 2025 Duration: 0:58:51Space Recording
Short Summary
Exciting developments are underway in the crypto ecosystem with the upcoming launches of Holara and GigaDot, promising enhanced liquidity and yield opportunities. The strategic partnerships and innovative features like reversible liquidations are set to attract significant interest and investment, positioning these projects at the forefront of DeFi advancements.
Full Transcription
Thank you. Hey, hey, hey.
Can you hear me well?
Yep, loud and clear. you
How you doing guys it's
another lovely red Friday Friday
the bonds are welding the world liquidity is up, but hopefully not for us.
That's why we are launching Holara and Gigadot, I think, in the best time possible.
So I guess we'll give it a few minutes for some stragglers to come in before we kick off with the bullishness.
Yeah, I would give three minutes for people who are now covering their collateral
and desperately repaying it.
Oh yeah, good point.
Or desperately longing their lungs. Hvað er í lafðingu, Samaríanna?
Långi orð långs. I think every single time that I re-lever up, the market pukes.
So you are top signal.
And bottom signal.
Last time I unwound, it was the bottom.
You have to share it with us, we will counter trade you and earn more money for protocol on liquidity
LOMC signal
69 dot for your trading group subs anti trading group subscription
How do you think you can start a lot?
Yes, so I think we can slowly start.
The laggards or latecomers have to pay for not being PUNTLY enough and being on time.
So hello everyone, thanks for coming.
Super happy and excited to
share with you our upcoming updates yeah we can start quickly and that's even as
mr. all matches front run me a little bit on polka dot spaces the release of the release of referenda which
will activate a giga dot will happen it will be basically two referendas it will
happen basically early next week and with the standard voting turnout we will see GigaDot going live
early week after next week so instead of our traditional three weeks this time
it's two weeks yeah we are getting better so So I think that's the first exciting announcement, I think.
Do we want to break down Giga.us again?
And what does it mean for users, protocol, and all of us.
I think at this stage we can, yeah,
people wouldn't have heard it too many times just yet.
So yeah, let's have a TLDR, please, on GigaDot.
What is it and why is it?
so yeah so for now people holding virgin dot basically have to think twice between too many
So yeah, so for now,
use cases and options which they can which they can do with their virgin dot and none of them is
super ideal so either you can provide liquidity in DOT, get the liquidity
incentives or you can provide or you can turn it to VDOT, the main and best and
most bullish DOT liquid staking token and provide
yeah provide liquidity in VDOT, get the DOT staking yield plus the incentives.
And if you need to use it as a collateral, you can either use DOT again or VDOT,
but then you are just earning borrow fees from other people borrowing it,
plus maybe the staking yield.
Unfortunately, the V the video is not available
as a collateral for some time because the liquidity wasn't great so as we are
very cautious about everything and careful we were thinking what we could
do about it so we had to improve our stable swap to not concentrate liquidity just around price
equal to one as usual normal stable swaps are doing for various stable coins or
various packed assets or wrapped assets but to make a stable swap amm which will be following the current uh pack and current price between two
or more assets because uh as you might know videos but also other liquid staking tokens or
all stable coins which are yield bearing they are continuously appreciating against the underlying
appreciating against the underlying so it's really necessary to to follow this
appreciation of the of the assets and not like users or not to do suboptimal
product which would that doesn't make sense so we create so we upgrade
upgraded our stable swap that it will be able to to follow these
price changes but still concentrate liquidity what is it needed most or
where is the real current price that took some time obviously it was
followed by big big audit out it fortunately didn't found any critical issues with it we did
another internal round of testing so we could finally deploy it but as we as we
were working on this we realized that we could basically aggregate all features and benefits of various present
representations of dots into single product which would be on top of it
usable as a collateral and yeah that's how the name of giga dots came to our
mind basically it's it's like better than mega eat it's
like better than dot better than mega eat so we could call it giga dot it it
will have even its own brand which is which is awesome and it will basically
allow you to get partially the staking yield, get liquidity incentives, use it as a collateral, use it
for looping of staking yield, which is probably one of the best strategy in crypto out there
because it's like very safe, but can provide very nice multiplication over the native staking yield so it's
absolutely awesome and it will increase the liquidity it will strengthen the
liquidity of VDOT by order of magnitude even more one big issue with all looping strategies is that how or like where will
you find as much of native asset for cheap borrowing out there because
otherwise like why would you then why you would not do this by yourself so where would you find
the counterparty which which would give you this opportunity on and not take the
opportunity for yourself so that's why half of the giga dot itself is actually
dot supplied into money market as well so So by creation of, or by supplying or creating of Gigadot,
you are also increasing this capacity
either for yourself or for others.
But most importantly,
the Polkadot treasury,
instead of DCAing, dollar cost averaging
and diversifying treasury into stable coins,
just like that that like it was
doing for the last year it will supply a couple millions of dot uh into the money market itself
and the dca will be running out of it which will which will basically increase the supply of dot for the strategy by i think 7.5 or 8 million dot which i think is enough for all of
you on this call this strategy is actually heavily demanded by institutional investors
and institutions as well
there is one other
there is one other
positive side effect
around this strategy
which I will not share yet
because we need to validate it
but it can
if you are a little bit smart
in finance
and if you can
think about how to
hedge yourself it can create non-trivial amount of
demand or buy pressure on DOT itself so we are super excited about this and it
can just make the whole DOT liquidity in our ecosystem way more capital efficient and great
and can actually provide nice additional credit for all power users and DeFi users
and everybody still holding DOT.
and everybody's still holding dot so yeah that's awesome uh any other questions in regards to
So, yeah, that's awesome.
giga dot and why is it so bullish or is it clear for anyone
or did i forget something
i guess you captured it.
We've been chatting about it enough.
Just any time you have any questions, please feel free to raise your hand
and we'll let you on stage to ask you questions when we get a pause.
Oh, we've got a request from the Dots.
Get them on stage.
Yeah, trying.
It says connecting.
There he is.
Get the Dots on the phone.
Hey, Dots, how's it going?
We can't hear you. Ooh. you
oh Saw your bike out. We'll come back to you. Yeah, they became speechless after the so much bullishness
It's send it to another plane
Anyway Anyway, there is actually more possibilities with Gigadot.
It would be, I think, possible to, if you remember our feature, which was a little bit forgotten, unfortunately,
called Yield DCA, which is unfortunately called yield DCA which is
allowing you to DCA just from your source of yield or maybe even whole like
I think you got it will be great addition to this to this feature and then we just
need to shield it way more and better than the original feature and
and then we will we will research and try other alternatives how how to make
giga dot and strategies around giga dot more composable and more capital efficient and basically opening
for you more credit line which I think will be very useful and needed in next
weeks and months so yeah that's that on the giga dot I think it's worth
mentioning that when you said there about the strategies,
so I've been asked quite a few times now,
and GigaDot itself, most users will just be able to swap on our trade screen.
Whatever asset they have, it will root through,
and everything will happen in the background,
so they can just essentially buy GigaDot.
buy gigadot they don't need to worry about splitting assets and providing liquidity and
They don't need to worry about splitting assets and providing liquidity and things,
things but also uh the guys are working on a specific ui for these strategies so some of the
things that jacob's been talking about here uh will be sort of deployed as a one-click solution
in the ui so whilst they sound really crazy cool uh it'll be really easy that even the most noob DeFi users should in theory
be able to do so oh my god you stole this from me but yeah this is something
what I'm pretty excited about because as you might notice we are always trying to
make UX as good as possible but sometimes as a DeFi power users
yeah we are like
too deep in stuff so
we are sometimes
forgetting how things could be
easier but yeah
when we were discussing this we saw
the necessity to make this
strategy and use case
as simple as possible so did
you basically that basically means that soon you will see the new tab in our
front-end and UI called strategies or strategy which is mr. Max is mentioned
it will allows you to ape into various strategies, literally just with one click, and everything will happen automatically behind the screens.
So in theory, if you combine that with our one-click onboarding solution, you have two-click Giga DeFi available.
I would say that's Giga UX.
Big!
Cool.
What else?
Any questions in the meantime?
While we wait for any of those, I would ask you,
what are your expectations for TVL and the likes
and what this will unlock for hydration.
So expectations for TVL, I don't know.
I think it will multiply the TVL at least by a factor of two.
And I think pretty much all the supply dots will end up being gigadot,
which means that half of it will ended up in v dot
which means that even chats from bifrost will see huge uptick in their tvl metrics as well
and revenues right so like if they have a big uptick in their tvls we know they have TVL metrics as well. And revenues, right?
So if they have a big uptick in their
TVLs, we know they have
fees built in to their LST.
We'll
obviously be able to take a portion of that
with the recently announced
the share link
referral, that's it.
Referral link. But link but yes they get their
fees buying back BNC and the likes so you actually have some some real
revenues generated from this as well so yeah that's so are you telling to me and others that instead of just taking care about ourselves, the Giga.bill
will take care about other projects in the ecosystem and it will increase the revenues
and traction significantly?
What are you implying, Mr. Maxxis?
I think I might be implying that.
I wonder if you can think of any other use cases outside of hydration
and outside of Bifrost where GigaDot could be useful.
Yeah, but I would keep those for myself but I think what would be
maybe
word of highlighting is that how
some products and some teams
are just contributing to success to
other people around them and not just thinking about themselves
yeah other people around them and not just thinking about themselves. Yeah.
Anyway, maybe we can move on.
On Holar?
If we exhaust topping off Giga.iaf?
Yeah, I think we can always circle back if the dots manage to ever get their microphone working.
Awesome.
So, yeah.
And speaking of Holar, as you might see from some of our shitposting on Twitter,
Holar was achieved internally.
That means that it was successfully deployed on some of our internal test nets
where we were testing if it works as expected,
if it's also as nice as we were thinking.
It's absolutely beautiful.
It just needs a little bit of
polishing a little bit of more small minor changes and other than that it can
go live but first thing first which is a gigado then we need to reshuffle some of our assets in protocol on liquidity as
as unfortunately or fortunately at our team or builders of hydration protocol doesn't have
any control over the assets uh in protocol on liquidity and treasury that means that we will have to do
couple of referendes as well with some of our recommendations how to move this and that Keep your eyes on Subsquare. So it can go smoothly.
What else?
And yeah, in the meantime,
we are finishing one specific module called HSM,
aka Holar Stability Module,
which will significantly improve
hardness of
Holar Peck and we'll
make sure that
Holar won't be
wilding too much
as many other stable coins
it will
stay pretty much in line
and in its
place where it should be.
Do you want to give a quick overview of what that looks like,
what this stability module, how does it work?
Maybe not a super deep dive, but maybe just a TLDR on how does it work?
Yes, so pretty much it's doing two things.
I will start with the simpler one.
The simpler one is that when crypto is crashing, like for example right now, you have sudden
spike in demand for fiat and stablecoins and if suddenly many people want to buy something and it could be even stable coins those are getting
slight premium we and other stable coin experts are things that the premium
isn't really necessary or especially when everything is crashing it means
that you would get even less value for selling crypto for stable coins so
hsm will make sure that uh when there is a big demand suddenly for hoar it doesn't need to be
just when the crypto will be crashing but for example some big whale would need to repay his big position or her
that can create a huge demand
for it as well so HSM
will make sure that
there won't be like
there won't be
big difference or there won't be
pretty much
no additional slippage
on buying a lot of holar
and like making it making such
purchase more expensive than it should be but this is but this is like pretty
easy that's that's like good problem to have usually what what is like real challenge for every stable coins is what happens when the
stable coin is falling below one and this is where things are getting tricky
and more stressful especially for for the teams and the communities
around these stablecoin projects
because then you are
basically at the mercy of
a couple of things
some of it is for example market
sentiment that means
if people still believe
that the stablecoin
will get back to its pack.
And if not, then market can start to panic and just dump everything and make things even worse.
to have some very rich arbitrage or market makers behind their back behind your back to scoop as
much of this defect stablecoin and getting getting back to price is basically what happened with
luna uh first time when they had uh when they had their dpac in i think may or june 2021 when usd went from 1 to 95 cents
but then it got re-pegged because of jump crypto and invested a lot of resources to re-peg it but obviously this wasn't free and such a pop pack and hidden agreements are like never
free and never in favor of the token and its communities so instead as our protocol owns
Our protocol owns other stablecoins and those stablecoins might even earn additional yield by just being borrowed or like being land or being yield bearing stablecoins like SUSDE from Ethena already sitting for a couple of months in our treasury or SUSDS from Sky ecosystem formerly known as maker dow which also in the meantime earned i
think couple tens of thousands uh these stable coins as they are not native to us and they are
not ours and like they are like less important than holar which is baby of uh hydration protocol
could be used for re-pegging uh holar or our stable coin and yeah and basically
restore restore the back restore the market sentiment or not even restore the market sentiment just be there be there so so the market and and users could feel safe that
they don't need to wait for some random arbitrage's showing up but but actually the protocol will make this operation by itself
and will not leak a lot of value out of the table.
Because also these repegging arbitrage operations, they are leaking quite a lot of value because
they are pretty easy to do.
The only thing which you need is some capital in other stablecoins.
And basically, there's almost like free arbitrage or clean profit within just a span of one or two blocks when the arbitrage is is buying
the DPEC stablecoin or slightly DPEC
selling it for a higher price
And then just like enjoying the profit
so the point of HSM is
Is to do this on the protocol level,
buy collators and buy protocol on assets by itself
and not leak as much of value to outside arbitragers.
It will actually share some of these opportunities
with third-party arbitrageurs as well
to just
basically grow ecosystem
and allow
to grow
whole our TVL
as much as possible because
unfortunately
our treasury
and protocol on liquidity
doesn't contain 50 or hundreds of
millions of dollars in other stablecoins so yeah we unfortunately cannot rely
just solely on HSM but it needs these opportunities needs to be shared with
third-party arbitrageurs same as already with third-party arbitrageurs.
Same as already like third-party arbitrageurs are arbitraging price discrepancies in Omnipool or in other AMMs as well.
And I think it's important to note that whilst it leaves some on the table for third parties,
it's limiting the scope of that, right?
Because the protocol will be taking action itself. But what it also does is it provides confidence for those third parties that they can actually step in and arbitrage it and close those small profits.
when you know everyone's scared of stable stable coins and them de-pegging but
knowing that the protocol with its program liquidity is there to backstop
it to some extent gives them confidence that they're not going to be the one
holding the bag so to speak so you actually get a massive multiplier on you
know if you've got a few million dollars worth of liquidity for example actually
it means as far more is the actual impact on it yeah exactly and like until
now basically the only solution for this was uh jacking up borrow rates for uh existing loans and
then just like praying and waiting until people start to repaying uh their loans and in the process of repayment acquiring the DPECT asset or DPECT stablecoin to
basically close the loan because of the increased borrow rates we are
also thinking to basically also automate this function and feature of market so
you would be so so the collectors will have to do this for yourself so when you will have
some like outstanding loan and there will be situation there will be situation of whole are
being 99.5 cents or maybe hopefully not but it can happen for a short period of time that it
will be i don't know like 99 cents instead of keeping it
for third party arbitragers the collector will basically uh acquire for you this uh
this uh discounted whole hour for you and and repay a part of the loan for you so you will
actually get discount from the interest
which you have to pay which I think is like pretty cool and
you don't need to do it by yourself usually
this is happening on the Ethereum and in other
DeFi ecosystems all the time and I was also doing it
sometimes when I see that I don't know USDT is 99 cents or something
I'm using this opportunity to repay doing it sometimes when i see that i don't know usdt is 99 cents or something
i'm using this opportunity to repay some of my loans for cheaper but uh
as i'm unfortunately not developer i'm doing it manually some developers or some some like more technically advanced people obviously they have scripts and bots right for
this but also like these opportunities doesn't last for long time obviously
so they are catch up quickly also that you don't have much of execution guarantees or you have
basically like zero execution guarantees on Eid or Solana that this will happen for you so yeah I think we
will again make DeFi less extractive and more fair for users
and ultimately by it being less extractive, it means we can ultimately across the whole stack.
So that's the swaps, the borrowing and lending and the stablecoin means we can obviously squash fees, reduce them down.
Obviously, the protocol wants to make some revenues and such like.
like, that's obviously what everybody wants,
That's obviously what everybody wants.
but that can be done even with very, very, very competitive fees
that make your product the best one out there, right?
Yeah, and most importantly, it can create more liquidity for us
because in Polkadot, unfortunately, the stablecoin liquidity isn't great.
I would say we lack stable coin liquidity a lot
so we will be we will depend less on liquidity providers either retail or professional or companies bringing in here uh actually like there is
the liquid there is uh there is a huge competition across all ecosystems to attract attract as much of liquidity as possible to themselves but also other point which i wanted to highlight is that
highlight is that when you are holding USDT or USDC,
this stablecoin is earning in background
for these companies around 4% yearly yields
because then they are able to,
like basically stablecoins are like zero interest free loans for these
four companies like Tether and Circle so then they can borrow this money to
Uncle Sam aka US Treasury aka US government and basically keep these yields for themselves and pay nothing to you.
On the other hand, the interest paid by users will be captured by hydration protocol and it's and its community so
and also it will be at fixed rates not at volatile rates so yeah I think it's
again we will be yeah less less value leaking into hands of corporations,
more
value going back to
users and to communities
and to places where
the value is created.
Nice. So
I haven't seen any hands raised, but just a reminder, if you do have any questions
on any of these topics or anything else, then please do put up your hand.
Hopefully you've got a working microphone and we can let you on stage and answer your questions.
So what does Holla deployment look like?
We've said we expect Gigadot
in the next two weeks.
What do we think
it looks like for
Hola and what will that initial launch
look like?
And then I think maybe we can go on to
how else do we think we can
or benefits to Hola
in the future as well?
Yes, so besides
some technicalities like
the deployment
of contracts
associated with it
or related to it
we have to
finalize the go-to-market
strategy
and basically the composition of the future
pools for Hollar and composition of the liquidity in post Hollar world or like
post launch world
I think it's probably interesting to mention for users about the deployment of multiple
stable pools for Holla and what the plan is there in terms of how will it be deployed.
So obviously we're launching Gigadot, that'll be outside of Omnipool as opposed to just
a traditional Omnipool asset and similar for Holler as well.
Do you want to give an overview of that and the types of assets we will be launching it with?
So the Stableswap pools, they're like how they will look like.
In reality, it will will be combination of stable coins
supplied in money market called a tokens and and why like this because the
continuously accruing yield on these assets will be actually helping immediately or continuously with the
pack itself because first of all like imagine pool a USDT and holar there
would be like 1 million of a USDT this 1 million of a USDT is continuously like basically every block by block uh earning little bit of interest
in in in the usdt that means that the the supply of usdt is continuously growing in the pool so it's
actually uh while the whole our supply is uh is there constant until someone will sell into it
or buying from it so that means that it's actually like continuously improving or uh increasing
the hardness of pack and when people will be buying uh usdt or they would be by yeah they they would need to get USDT
then the USDT would be actually withdrawn from the from the money
market like when you are withdrawing it like when you are taking a loan in like a little bit similar operation which will
actually decrease the amount of a usd usdt in the money market which will increase a little bit
uh the interest rates on the usdt loans so that means that the USDT liquidity will earn a little bit more on the loans will maybe push more people to use Holar as their loan currency
or like borrowed currency as they will have fixed rates.
Also, most importantly, as there would be multiple combination of these pools
like supplied USDT called A USDT or a USDC and then
combination of yield bearing assets which I mentioned before already in in the the trade the trade is going through like basically holar will be act as a as a routing
currency through them so for example like when you want to swap USDT for USDC it will actually
go through holar or if you will want to buy uh or some other assets and the
holar will be actually like aggregating liquidity of other stable coins on our platform for now uh
into itself uh so this is also like pretty bullish which means that basically most of trades if not all uh which are somehow associated or
which will have some stable coin leg uh will go through holar which will be like basically creating
organic demand for it which will be actually helping with the pack itself as well and it will actually make
holar uh best currency on hydration for either buying other crypto assets or even selling other
or even more even selling other crypto assets for for stablecoin so uh so yeah so basically with this composition of pools uh and also the fee structure uh
in benefits of holar basically many more many trades will be routed through holar which will
which will improve or which will be constantly improving its liquidity and back. So the whole hour will be basically
the preferred stable coin on hydration
as it should be, obviously.
Damn, so holler to $2 then.
Unfortunately not,
because the HSM will be keeping it always at one.
It's like infinite sellable.
Damn, we're flooding ourselves.
Christ.
Yeah.
But I think this is sort of like when you're completing the DeFi stack like this,
and I say completing because there's always something you can add, right?
But this is where it's getting really exciting,
because you can just pull on all the different levers that you've got
so if you think about, for example, just our normal swaps in the Omnipool
and one component of those is the protocol fee
we could, in theory, have half of the protocol fee buying back Holla
for example, on any Omnipool trade
we could have liquidation fees from borrowing and from borrowing and lending buying back holla or or
something else like with this owning the stack means you can basically pull on any of these
levers like should i i don't know yeah if i'm supposed to leak probably yeah leak everything
oh my god do it we're getting bullish okay so if you are still not getting getting it why is all are important except of
capturing all the interest paid by borrowers uh then probably the most exciting feature or like
plan feature which is just starting to be researched but it looks pretty promising
which wouldn't be possible or which would be like very hard to do or i would say even
almost impossible to do with any other stable coins than rather than the native stable coin
other stable coins than rather than the native stable coin would be reversible
liquidations that means that even if you even if you would be sucker for a while
and your collateral will be liquidated there is a future when you can get back and just get the collateral back by
repaying some some slight premium or some like additional fee from your loans and
get the collateral back when the prices will be better and this will be this won't be possible
with all collateral there will be like very strict collateral set which will
have this option which will be most likely just Bitcoin maybe we will see if
it will be available for dot or maybe just for the giga dot and
But yeah, this is this is the feature
which
Will be so superior to any other d5 that
Yeah
Even people who doesn't like polka dot or hydration will be using it because for
example one big issue for hedge funds in crypto is that they don't want to use
DeFi or DeFi money markets because they are just too scared from liquidations
because how does it work in threat fight is that there is even if you are like
you you have some period when you get the margin call and you are like you have some period
when you get the margin call
and you are able to top up your collateral.
usually in ThreatFi
there are no
like such sudden liquidations
as in DeFi
because
ThreatFi is also slow
but also there are
obviously there are some
legal repercussions
and other stuff
which are
basically
which are there
in place to make system safe
and also
system is inherently slower and exchanges are
turning off trading if assets are dumping too much and other stuff it's obviously they can
they can afford to do this uh in d5 it's like not really not really possible uh but uh yeah we are just starting
research of such possibility so don't expect it in like one or two months but i think we will
get there uh at least in like two quarters so like in at least by late of this year
two quarters so like in at least by later this year and this wouldn't be and
this wouldn't be like really possible with for example USDT or USDC sorts from
from from liquidity providers so the saying just use Aave would then become why use Aave?
Then you'll be just
or like be hydrated.
Damn, I think we just sketched out Aave V5.
Maybe.
But speaking of Aave, I think it would be also great I was talking about it a
couple times in either in like telegram channels or somewhere that it would be
great if we can also give some revenue share with the AVE community and yeah share this share this with them in their
governance forum and in their community to also spread mind share about hydration
in the Ethereum ecosystem as yes our is currently top protocol in a dream ecosystem and I think most of
the Ethereum wells and OGS are following it more or less but still following it
so I think this could get this could bring some mind share, especially also if we mention some features or properties of our implementation,
which are not fundamentally possible on Ethereum,
like the priority for liquidation transactions
and others to, yeah, a little bit blow their minds
and show them that like not all our forks are equal
and i guess they got an awful lot of ava sitting in their treasury right so they might uh reciprocate
with some single-sided dow lp-ing into omnipool maybe yeah that's something what we should for
sure ask and also the revenue share would be basically by by backing away but but
obviously in omnipool and hydration and then maybe sending it to the snow bridge uh as in a while
until it will be like meaningful amounts for them but or maybe just buy backing it
full amount for them, but, or maybe just buybacking it, uh, and sending it later.
I don't know, but, uh, yeah, obviously in a, in a way that it will be beneficial for
both parties, but there are, there are like, there are some nice benefits, uh, from being
so-called aligned with them because all other versions of our besides besides
the version which we are using actually not free to use anyway so if we want to
get some like latest features from them or if we also want to get notifications from them if there would be
some critical back in their smart contracts discovered it's yeah I highly
recommending to to vote for this
sounds like some interesting Dow opportunities yeah i think we should finally
like uh go around and spread spread the word and spread the word about our products and assets also
in our in dao forums or like forums of other projects beyond Polkadot on in Ethereum.
First of all, there is opportunity with Threshold Network.
That's our provider of TBTC.
That's like I already had some call with them about this.
They might be keen to also incentivize tbtc with the t token
as the native token uh we just need to come up we just need to come down to their forum
introduce ourselves and ask their community if they would be open for it
and then do it and there are like other communities like Lombard
Finance another Bitcoin product where they are like very open to it and others
and others and finally as the Snowbridge is live and it's getting more battle
tested we can also we can also demonstrate or like we can make them more calm or more
comfortable with use case beyond it remain it just because snow bridges
trustless it's like very rare case of Trusless Ethereum bridge.
So it's not just a couple of dudes holding multisix.
I just realized that we didn't yet do the OTCs for Sky and Chainlink.
So MarketRed is actually working in the
favor of hydration down yeah like yeah you are counter signal but hydration
down the trays are better than any other trader in crypto. I know that's like incredible.
Same as hydration DAO was buying bottom of Bitcoin and ETH.
Now this is like incredible.
Wisdom of the crowd, man.
Wisdom of the crowd.
The right crowd, it seems it seems oh yeah right crowd like not not every crowd is equal
hydrated crowd right we've been going for a near an hour now I want to give
an opportunity if there's any other last questions if not then I'll hand over to
you Jacob for any closing remarks and we'll
bounce and people can enjoy their
Friday evening slash night
slash morning
slash insert time zone
so is there any question
if not then
the closing remarks could be just stay
hydrated not liquidated especially today we will have actually oh one more thing
follow us closely because we just got very cool merch especially if you are drinking mate you really enjoyed it
hint hint hint you might see it and you might get it and other than that
yeah stay hydrated not liquidated thanks Thanks for your support. Continuous, never-ending support, recharging our batteries and energy in pretty challenging times.
ton of stuff to be excited even if things will not be great in crypto or in anywhere i think
hydration will be some sort of shelter for good people not and what else yeah that's
And what else?
Yeah, that's pretty much everything for today.
So I will go back to work.
You can go back to chilling and enjoying Friday.
Thank you everybody.
I'm gonna close it here.
Stay hydrated.
