Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Hello everyone, we will start in a couple of minutes. Thank you. Just test for my sound, am I audible?
Put a reaction if you can hear everything.
I don't see any reactions, so test one, two, three.
Justin, can you hear me clearly? Thank you. Thank you. so hello everyone this is basan speaking justin you hear me? Can you please test your microphone?
Justin? I'm not sure if Justin can hear me.
Hey, hey, I can hear you now.
So starting first, hello, everyone,
to the first ever hosted AMA session or Twitter,
let's say XSpace hosted by Gradarian.
I'm your host, the CBD of Gradarian.
Thank you all for being here with us.
And I'm very glad that our first partner that's actually
And with us is actually Justin, the ecosystem the ecosystem lead welcome and thank you for joining
Justin hey so uh yeah go ahead I'm sorry I'm not sure if you my internet keeps off but go ahead
off but go ahead i'll let you finish first i think i cut you off my bed
I'll let you finish first I think I cut you off my bed
no actually i wanted to uh start on saying like uh today that we will talk about how injective
is such like standout project when it comes to a free space and uh quick like spoiler alert and the quick heads up that please stay until the end
today because we will have a special surprise just for you uh sensing like we have been working on
that like behind the scene with injective so stay on to the end uh before we start justin if you can
give me like a quick introduction about yourself.
How long have you been in Injective?
And your position already mentioned in your existence indeed.
But I would like to hear more about your background as well.
First off, I'm very happy to be here today with Gordarian.
I'll let Basim talk more about what we have going on. I don't want to spoil the party just yet, but my name is Justin. I've been with Injective for around two years now, and I lead and head all the ecosystem for us.
darian falls under my uh for my table i'm very very happy to be here today because i know we've
got a lot to share but i'm gonna throw the back to you
yeah thank you uh well three years actually quite a long time especially when it comes to like
everything concerning like the crypto space i always say one week in the crypto space
like a year in the daily life like the normal life uh so that's quite a long time uh so if you
can also give us a quite quick intro about what's injective for those who are new to injective and
new to interactive and what makes it stand out in the Web3X system.
what make it stand out in the web 3x system
And I actually want to piggyback off of one of your points just now.
Like, while I've been here for two years, actually, if you look across our team,
I'm actually probably still one of the younger team members in terms of tenure with us.
This ties into sort of what we've been trying to build
for the last couple of years and have built, actually.
Interactive is a layer one that, you know,
we particularly build ourselves towards any sort of financial
to sit on top of us, right?
And at the core of it is this exchange order book
that we run ourselves that's fully on-chain,
fully decentralized, trying to mimic as much as possible of a trading environment that you would receive and you would be trading under, let's say, on Wall Street.
So over the past couple of years, we've done many, many sort of reinventions of ourselves.
I think probably the one that most people are now looking at is something that we call the iAsset. iAsset is synonymous with objective. iAsset is effectively a synthetic version of synthetic position of, let's say, Nvidia, Tesla, Robinhood, McDonald's, et cetera, sort of the top equities that you usually trade, right? We wanted to bring them in a more accessible fashion, like DeFi is, and trying to make
sure that everybody who's on Injective can actually use these products, right?
And obviously, that's if you have capital on Injective, right?
I'm going to throw the ball back to you, Basim, because I know in order to get capital on to any other chain now, it's quite difficult.
But I know that Godarian is one of the main ways that we can do so.
Yeah, 100 percent, actually.
But if any of you doesn't know, Garderium is a fiat on-ramp, off-ramp that's fully compliant,
that allow users to buy or sell crypto through multiple payment systems.
We are actually operational worldwide.
We are licensed in EU and a couple of countries.
We are licensed in EU and a couple of countries.
We have MSPs in the U.S., El Salvador license,
and in the process of getting a Dubai license.
So thank you for mentioning that.
So again, what actually we are always looking
when it comes to Injective is how Injective
has one of the most active and engaged community
So being like an ecosystem lead, what do you actually do to keep this energy so high?
And how do you communicate with your community?
First off, I think even working with Groot Darien was, in my opinion, sort of inspired by our community members. I say that is because not too long ago, you know, I was looking at the sort of on ramp railways that we have for Injective and noticed that, yeah, we work with, oh, we've worked with other service providers before, but we needed to really start expanding, right? Because geographical areas of the world so that everybody
who's looking at Injective can actually get on. But in order for us to get to that conclusion,
which is we need more on-ramp, it's a testament to how active our community members are.
And I know some people are listening in now and why I mentioned that is because you don't have a relationship if you don't listen and I think that's one of the things that
we have it can like an advantage over most projects is we are a lean team we're a very
small team we so we it doesn't take much for us to kind of realize what people want from us right
every comment most of the time a team member is reading it.
You know, a team member is actually,
look at any questions you have,
I'm more likely to reply than not.
I think the key is to listen,
to be attentive because for better or for worse,
I think Web3, including Injective, including injective.
Justin, I think I just like wait a second. Justin, can you hear me? So meanwhile waiting, Justin, I want to make sure to mention that, as I mentioned at the
beginning, we have a very special surprise at the end
In Twitter it always happens that none of the speakers simply disconnect actually, even error when it comes to AMA spaces in Twitter. It always happened
that none of the speakers
simply disconnect, actually, even not
internet of the speakers.
I'm back. I'm back. Sorry. What did I miss in the last minute?
No, actually, nothing. I was just
reminding the listener that we have a big surprise
at then so they can stick under that so you were actually mentioning uh how injective is actually
one of the key of having such an interactive community is simply by listening so just listen
to what the people want and they will actually tell you and this is how
we actually keep it uh community active correct yeah uh so uh yeah and actually i want to add in
something you know um i think i forgot to mention this but one of the things that we're doing really well, in my opinion, is also actually hosting offline events.
When I say hosting offline events, it means actually having somebody from the team fly over to, let's say, for example, I was just in Hong Kong and in Korea and we had an Injective Builder Day in Seoul, Korea, to meet with some of the teams that we already work with and obviously people that wants to work with us in the future as well.
We also were quite successful last November after DEFCON.
We actually hosted our first ever Injective Summit.
And actually, that was probably the most successful event
out of the entire DEFCON itself.
And we got the chance to meet hundreds and hundreds of people.
We literally rented out like a
ballroom in one of the biggest hotels and it was filled up from the speaking stage to the sofa
areas to the coffee chat places um and we're actually bringing that back again i'm shamelessly
plugging this right now but we're bringing back the injective summit um later on this year in
about two and a half months we'll be be hosting the second ever summit in New York.
We'll be very excited to meet people there.
But even if people, our community members aren't able to fly over to New York,
it shouldn't be a worry because we actually do host a lot of these offline events.
And Basim, to answer your question again, actually having that human connection, I think,
also does make a big difference
you know being able to find someone from the injective team and chat with them in real life
you know look them face to face to know what they well that's uh running this um big big big
layer one that we're running now well yeah that's actually how people would like have more connection or like they will
actually see the put faces behind the, like the network they have been working on.
And actually, I would like to mention one thing I'd like out person experience as like
Cardellian so far far we support 110 networks and so you can see how much like
number of networks that blockchain we have integrated to support but at the end of the day
injective is actually one of the few networks that we actually see usability if you understand
what i'm saying a lot of networks actually even 90% of the networks on blockchains
don't have these use cases that they actually have. So you think they better have simply
a token on Ethereum better than building the whole chain and having support that. What
Could you repeat that question? Because I want to make sure that I'm going to answer about this, by the way.
Could you repeat that question?
Because I want to make sure that I'm going to answer it the right way.
Because it sounded like a spicy one.
Because it had something to do with other chains.
Could you repeat it again?
That's actually more about my own personal experience.
Through my work experience in Carderian,
I have been dealing with a lot of chains. Again, Carderians support 110 chains and we do cross-chain swaps on them. But out of
these chains, and again, not only that we support that are out there, very few of them
and executive actually one of them have the real use case to actually allow them or even explain
why they are a real chain.
Most of the chain don't see the real use case of them.
And I think they better have ERC20 tokens.
They would be better off.
I think the answer is sort of within your question in itself.
You know, finding a use case for people to use an on-ramp should answer a lot of the question already, right?
You know, every user who is using an on-rem
typically is at this stage right now
because either they want to just simply hold
or they want to actually use the asset
that they're swapping into,
whichever way payment method
that they want to use on chain, right?
And what's been something
that we continuously want to do
and sort of separate ourselves from the rest of the pack
is make sure that we can help users understand
what they can do on Injective.
Yes, we are a DeFi chain,
but what does it mean to be a DeFi chain, right?
What does it mean for someone to go onto Graderian,
onboard INJ, you know, have INJ in their wallet, right?
Okay, a simple step could be let's go onto Helix.
Let's swap out INJ to USDT, and then let's use USDT as a collateral for NVIDIA on the perp market.
Or better yet, let's actually swap that out into rare metals, like into gold and silver, right?
like into gold and silver, right?
I think not enough projects have really, really been focusing on what are the use cases of
There's a lot of fluff where a lot of jargon within this industry.
And what we don't want to do is actually confuse our users.
We want to simplify it and simplifying not just the use case, but also the onboarding
flow is the long term goal for us as well,
which is something that I'm putting a lot of focus on.
So upcoming, we'll have more railways that will make Gardarian even,
a partner like Gardarian even more active, push more volume onto Gardarian.
All of a sudden, it could be off-r ramping off of Gradarian because, you know, users on Helage, users of any other injective projects makes a profit or whatnot.
We want to have an asset onboarding flow and offboarding flow that makes sense from day one.
And I think that's what makes us attractive, which is simplifying everything, thinking from the user's perspective what they're looking for and then once you have those blueprint set i think it kind of ticks all the boxes
yeah it does actually tick all the boxes and thank you for your feedback
uh actually you mentioned about the gadarian integration recently and the collaboration
and we have seen like some huge update lately from integration.
What do you think the recent Milds-Wanttron partnership
you're especially proud of,
you would like to boldly mention right now?
Yeah, I think first off, my initial, you know, the initial idea for Injective building out into layer one that has the order book at the core of it was always to make sure that anyone, you know, within this space has access to injective right you know so much of trading equities are
in the web to the world has been hey let's let's you have to be a u.s citizen hey or you have to
have a u.s trading license in order to get active for certain things right to maybe even buy into
u.s treasury bills and whatnot but the goal for us always has been, no, let's
actually diversify it. Who are we to say that we can only limit, we're literally Joe blocking
users at its core within the traditional finance world. I think this integration with Gardarian
is particularly exciting because all of a sudden they support 100 plus countries, close to 200
countries. They've got 30 plus payment methods.
So you can literally pick and choose which payment method you want instead of just sticking with one, which is usually just a credit card.
And be able to then, let's say, kind of repeat myself here, onboard using a local payment method into INJ, hold INJ, a native INJ on injective, and then have that
asset goal to go for many, many miles.
I think a lot of people has been using on-off-rams for the longest times, including myself.
And I'm really excited for this is where it's going to go, because if Basim is telling me
that there's volume right now, I can't wait to see what volume kind of looks like
when we launch more products, launch EVM,
and get more sort of even more talking points on the table.
Yes, we're actually excited for that as well.
And we are always actually some proud partner
of Injective for quite a long time.
Speaking of like onboarding new users in the easiest way,
and actually you mentioned the US,
and the US is always a big question mark
when it comes to onboarding.
And we actually on Carderian,
we are one of the providers that
you provided that like we comfortably support the us users uh although like not looking into all the
we comfortably support the US users.
problematic problems going through with them uh uh so yeah so speaking about onboarding users
uh what about onboarding builders and developers into the injective how do you actually support or onboard developers into the injective
ecosystem yeah first off i don't know if uh anyone who's listening right now has ever seen this
this tweet um it's a i don't know i'm sure i'm not even sure when bio but there's this tweet that i
resonate a lot with and it says if your work if you're using a layer one and that layer one team doesn't
know how to build a dex doesn't know how to operate a dex you shouldn't be on that layer one
and i agree with that profoundly not just because it fits our mold we run a dex and we run a layer
one as well but your question basim about how we think about, not just from user experience, but developer experience, it starts from us.
We are a developer at its core.
Injective team itself, we have Helix, we have Mito.
So we know from the get-go what developers are lacking.
Let me give you an example.
So with EVM coming up, for the longest time, within Cosmos, we could only onboard assets through a few bridges, right?
Not as many bridges as EVM has.
And so when EVM came about, the Helix team was thinking, how can we get not just bridges involved, but also, let's say, some type of instance swap from source chain to injective, right? And so I'm not going to name drop them right now because the deal is not signed. But simply put, when EVM comes about, you're going to have an ability to, let's say you have USDT or USDC on Ethereum main end and allow you to bridge it directly into your wallet on Injective, the destination chain.
That's one example that I can give you.
And the second is we're always onboarding new infrastructure partner.
Like we said, Graderian is one, for example, because builders need more onboarding railways.
But at the same time, builders need more dev resources.
So we go out there when we find testing environments like Tenderly
and have them integrated on Injective.
Or we recently announced with QuickNote, right,
they're supporting an Injective now that's a top-tier RPC node provider
that's going to be on Injective.
And it all starts from within ourselves.
We know what the needs are from developers
and that we make sure that we address them,
not just for them, but for us.
It's killing two birds with one stone.
But like I said, I'm always open.
If there are things that people think that we lack,
we're going to make sure that our developers get it.
And that's why if you go on to injective developer activity,
it's one of the most highly developed chains out there
because we have the resources and we have the speed.
We have the fundamentals ready to go.
Yeah, actually, thank you for the reply.
Actually, and to be completely honest,
especially when I was going deep into the injective infrastructure
and speaking about, like, as you mentioned,
you being like the web for yourselves.
And I directly saw that MEV resistance
in the injective infrastructure.
That was like, these people know they're doing
because MEVs, especially nowadays,
have been constantly increasing risk
to a lot of developers, especially even on
I think we see infinite examples of how people have been, if we can say even scammed through
How do you think, and I know the answer is obvious,
but what do you think about the MEV resistance
and injective side helping developers as well?
I mean, being MEV resistant was always
at the forefront of our thinking, mainly because,
like I said, we run an on-chain order book itself.
If we were on MEV resistant, all it's going to do is allow people to front run each orders
and actually end up very, very much not profitable in the long run.
So, and I think you mentioned, talking about this as a point i think um we're at now a stage of defi
where i think users are really starting to realize that hey maybe amm isn't sufficient right amm itself
in and of itself could be a good pricing formula for exotic assets for meme coins and whatnot but
mean like maybe amm isn't the best way for us to trade blue chip assets like
bitcoin heath solana etc right and same with mev right it's not like it's a new topic um but
fortunately enough our core tech on its level since five six years ago already directly adjusted
um the potential of how detrimental mev could be, MEV slippages and whatnot.
So definitely not being MEV resistant is key.
But at the same time, I think users and community members are starting to get smarter now
in terms of which products that they want to interact with to make sure that that doesn't become one of the unfortunate cases.
Yeah, that's 100%. And I do actually mentioned a very important introduction for our next
questions, which is about, you mentioned how people are thinking that AMMs and centralized centralized exchanges are not enough anymore. Correct?
So, and injectable with it's like fully on chain order book
is solving a lot of problems in the AMNs
or centralized exchanges even.
How do you think this on chain order book
can eventually matter or for the future of DeFi and how it's like
injecting itself but like the whole industry
to move a little bit more
or like centralized exchanges
I think first and foremost
a little bit of a not going to be a hot take, I think, but me saying it could be a little spicy, but I think centralized exchanges goes against a lot, a lot of the ethos of our industry.
This entire industry was built on permissionless assets, permissionless ways of sharing assets and being able to transfer assets.
And the fact that, you know, we still at this point, 90 to 95 percent of the volume still sits on centralized exchanges is unfortunate.
But I do think that people are being more aware.
being more aware. I think Uniswap and its first couple iterations, even now V4, has helped people
understand that, hey, actually, if it's a highly efficient market and a highly efficient LP,
we can actually, you know, don't have to trade on centralized exchanges. We can actually still
have custody over our assets. And I think where our order book will kind of end up is actually
quite limitless. There's no cap to where this order book adoption could go. I've been saying
at a few panels and keynotes that CLOB adoption, so central limit order book adoption, is what we
care most about, or at least I care most about.
Because CLAB itself is at the bread and butter of Injective. If we get everybody in this call right now to try out an on-chain transaction on Injective
just through the order book, what you're not realizing is that it's actually contributing
to our tokenomics, which I encourage everybody to look into as well.
But I think over time, people, the market's going to get smarter.
The market's going to want to not trade on centralized exchanges
because there are certain risks that comes with it, right?
Not long ago, we even saw FUD around FDUSD on Binance.
That's obviously unfortunate.
But these are opportunities that then gives projects like Injective to kind
of tag onto that mindshare, move people off of an order book environment that they're already
familiar with on centralized exchanges onto another order book environment, only that this order book
environment is completely decentralized and just as safe. Well, here I can add one thing. The fact that centralized exchanges are still covering most
of the volumes on the crypto space is how easy it is to use it. Like how, like the ease
to be on board. And this is actually what we as gardenians specifically when we speak about injective
are trying to make is like we are fully licensed fully compliant easy to on board with but still
no custodial we're telling you we're not keeping any of your assets go and you will send it directly
to your wallet and i think that's uh something like gardarian specifically
specifically not only in the own rap and offram but also in the cross chain swaps that we support
we support like cross chain swaps with more than 110 networks again while being completely licensed
but non-custodial you understand so you can bridge from injective to bitcoin or
rather away while seeing the non-custodial and we like tell people this is your assets keep it
with you but we do the whole processing in the back end and like speaking of how only like
on-chain blockchain uh on-chain, I'm sorry,
they are limitless when it comes to DeFi.
What do you think are the trends
when it comes to not only injectives,
but the overall DeFi trends to keep an eye on?
How does injective fit into this particular picture?
Getting a dead horse here, but my answer could be rather typical,
and that is RWAs and continue will be probably the next big narratives.
But I don't mean RWAs just in the sense of let's hold the RWA,
let's hold like UST bill backed digital assets. I mean, RWA is in the form of a synthetic version of it on chain, right?
I think more and more people could potentially want to, you know, have exposure to gold,
Because of obviously all the inflation deflation talk, all this tariff talks.
It has caused our industry to go through a lot of volatility, right?
But at the same time, what if people who are worried about where the price of this industry
could go wants to actually hedge their own exposure through real world assets itself?
I think if we're able to start pivoting people
and pushing people to actually come onto Injective
and come onto the chain to actually hold
and redeem one-to-one for real-world assets,
I think that's probably the biggest goal.
And again, I can't stress enough,
it doesn't have to be U.S. Treasury bills.
Just because T-bills is the first ever iteration
popular, it doesn't mean it's a BRNL. Instead, it could be, let's say, holding a position in a
public company, you know, or even, like I said, gold, precious metals and all that. I think that
will be what a lot of chains are trying to do. I'm not going to name drop a couple projects, but
there has been projects that's sort of also copying what Helix has done with iAssets. And I think in the next three to six
months, we're going to see a lot more chains and projects try and onboard these assets because the
infrastructure is there. Our service providers, our partners like Pith provides the Oracle data for that.
So it's not like this is going to take a lot of creativity, a lot of change in order for other projects to accomplish.
I think we as an industry are getting closer.
I actually can add one thing which I always thought about. Why,
for example, the seed rounds for specifically for blockchain projects, why if you have a
project and you want some funding, why you still go to family offices some big funding companies
why can't we take this seed rounds or like pre-funding to on-chain to be rwa so instead of
one family office hold like and give it like 30 to your company make it like rwa tokenize it and bring it to the people the people are
being transparent receive the company and once the company like it's a way where the company can be
not public but on train what do you think about this kind of way i actually always thought about
this kind not only public companies,
but even before they actually go public, they can actually use this REWA to fund and make seed rounds.
Yeah, I think that's, it's an interesting concept, but it's also a concept that we've sort of seen it back in the ICO days where people could actively participate in any and every round that they decide to.
I think, interestingly enough, we don't see that as much nowadays.
Once the railways are even more stable, once the asset that is actually being talked about being generated is one that people see real value in, that's more stable.
I do think that what you mentioned, Basim, will come back to light in the next couple of months.
And fingers crossed, the plans that we have also make sense.
And we are trying to figure out which partner is best for
us to go ahead with what you just mentioned as well. Actually speaking of choosing partners in
the next couple of months I will go to like last but not least question here what do you think the
injective community should be expecting in that 2025?
If there's any major launch upgrade, you have been teasing the whole session.
So can you give some like spoiler alert, if you can say?
I would say keep a lookout for how close our EVM is.
I think it's a bit closer than most people might think.
And keep a lookout also for what we might be doing with SVM.
Albeit that timeframe is a little bit more murky.
I would say these two are going to be very, very massive
because all of a sudden now you don't have to also,
any asset that you can think of on
you know erc20 asset should and will be onboarded onto injective any sort of projects that you guys
are you know curious about will be on injective as well one more thing i will say is uh what we're
trying to do right now is to really really create something called the on-chain hedge fund for Injective.
So we run our on-chain order book.
So we have a trading environment for professional great traders to come in, institutional great traders to come in.
But at the same time, I want to, along with the rest of the team, sort of also figure out what are the other ways that we can generate yield bearing,
What are the other ways that we can generate yield bearing sort of stable and actual healthy yield bearing opportunities slash projects for Injective?
And what that means is then we will then find a curator, a strategist that creates a vault for all these yield bearing strategies on Injective.
And actually all for users, you just have to put your money in, see the money run on its own and kind of think of it as like know exactly where your capital is being flowed
you can think of something like a morpho or oiler but have that sort of be diversified not just on
lending but also perhaps on structure derivative products or perp and swap trading um that's a
huge huge idea that we're pushing for.
And I know that we're actually getting quite close to that now.
But that's actually awesome.
Specifically, like, people will always think, like,
like, once we have the crypto somewhere,
we can, like, we can monetize it.
Just like we do in the banks normally.
We just put it and receive some kind of rewards for holding this.
It will help, I think, every user to keep on holding more and more crypto assets.
And again, it's not too injective, but our overall perspective, our goal is to keep people on chain away from the centralized banking or exchanges, if that's correct.
So again, I think that's a wrap. Do you have anything to add, Justin?
So, Justin, I want to really thank you for joining us and for the Injective team for
participating in this and sharing all these exciting updates.
And of course, a huge love for the Injective community.
I'm personally, to be honest, on a personal level, I i am holder of injector for for quite a long time
uh and i actually use the wallet it's quite lovely to be honest if you can go and check
out the wallet uh sona do you have anything else before we actually release that surprise
no not at all no not at all. No, not at all.
I do think I want to thank everybody for tuning in again
And I want to thank Basim and Gordarian
for being how easy they were to work with.
And definitely a lot more to come from the both of our sides.
But thank you again. Thank you.
So again, now, like we promised at the beginning,
it's time for the surprise.
So starting today, I think in like 20 minutes,
we're launching a limited time deal on the directive
for community on the ING token.
We dropped the fees, very low fees for seven days.
And it will be through a secret link that we will be dropping into 20 minutes around.
So follow Gardarian and you will actually check it.
We will actually pause it in like 20 minutes.
You can use the link. It will actually pause it in like 20 minutes.
You can use the link, it will redirect you to Gildarian,
I know this is not something we like as a DeFi,
but we still have licenses
and we don't want it to be taken.
I'm just kidding, but yeah, so make it the KYC
and through the link you will have a very big discount when
it comes to the fees when buying uh injective and you can buy injective and hold uh as i remember
injectives now uh at around eight dollars so it will go to the moon hopefully soon as well so again
wait around 15 minutes already.
We will be posting the link.
Keep track, follow Gardarian, and thanks a lot for tuning in.
Have a great day, everyone.