you've been invited, hello, hello
you've been invited up as a
speaker, Fred, you have been
and in reality we hear you
Roland, I think you're up
I hope you're feeling better, mate
you want to give us a mic check?
mic check, greetings everyone
great, thank you very much
we'll work out the music situation
I've tried all sorts of things
I still put that contract out for Dean
but we haven't been able to make the deal
but we are going to be in
particular Chain Abstraction Day
and there will be a karaoke night
in lieu of a boxing match this year I say
it actually sounds really good
hopefully you are joining us now
we're listening to the shooting
Bob your mic sounded a little garbled there
I think that was actually me
ended the day I got garbled
just getting garbled huh?
okay so still a few more minutes
I will wait for people to arrive
still waiting for some of our guest speakers
but if you happen to see any of the guest speakers
please invite them on stage
John you should be up in a moment
once you get up there you are
just give us a mic check if you will please
yeah sorry I was just putting in some parlays
for March Madness right now
it's about to kick off soon so
when is someone building a
well really we need just a sportsbook
I think we're still waiting for crypto
all right that's crypto CTO
he's coming up in a minute crypto CTO
when you get on stage just give us a mic check
crypto CTO could you give us a mic check please
I didn't unfortunately I wasn't there
Dean maybe you want to give a little bit of
an update on how Denver was anybody
a fun event at the aquarium
you can see all the lots of pictures of
but just getting the message out about
you know and the alignment
and chain abstraction and how important all that is
and I should note it but you know your
your your questions from a
you know why does this matter to
from from from a month or so ago
were actually quite helpful in
in framing how we talked about this
yeah I feel like the cool thing about Denver is like
it always kicks off the also the conference
after like the winter break and
so I think you know I wasn't there
yeah it gets gets excitement
I think now there's a lot of events that
also are going to be at in Korea
and then there's Dubai in April
thanks for for joining us
and welcome everyone to the fourth episode
today we're talking about
Agoric Orchestration and its relationship to
so I'm joined here as you heard
by the one the only Cryptoceto
hello Cryptoceto how are you doing today
it's interesting times right now
a lot like we talked in the
positive things are happening especially in the Cosmos
ecosystem I think the stars are slowly
aligning and yeah it's good to be
good to be in crypto busy days I guess
for all of you guys as well but
yeah I guess that's part of the game
all of us know you but there
might be somebody in the audience that doesn't you want to give
kind of how you're related to the whole
Interchain Cosmos ecosystem
ever since then you know I started
interviewing people on my Youtube channel
a couple months before I met Jack
yeah I guess that was good timing because
there was just around the time before IBC went
the creation of the Interchain, the rollout of IBC
and now three years later
there's a lot of new chains joining
there's a lot of branching out
from IBC into other ecosystems as well
so I think that's very exciting
yeah besides doing Youtube content
of that and also we're running
validators with Stakesito
so those are my three babies basically
that's great, I really appreciate
everything you do for the ecosystem
why don't we go around and introduce
some of our incredible guests
we'll start with Dean from Agorik
tell us a little bit about your background
one of the founders and I've been doing
asynchronous, distributed
systems for e-commerce in the early days
hear the term orchestration a lot
which are about orchestration
on the internet and now we're
here in Web 3 bringing a lot of those ideas
and technologies to Web 3
so I've been very excited
this stuff for a long time
and Roland you're also from Agorik, tell us about
what you do there and how
inter-protocol orchestration
Grouse here, I'm product director at Agorik
three and a half years, something like that
and when I joined a lot of the inter-protocol
design had largely come together
through a lot of work from
Dean and various advisors from
RMIT and Zuckey and other folks
I was sort of on the ground for a lot of the
actual implementation of that design, any
changes that needed to get made as sort of the
the design itself came to fruition so
a lot of sort of on the ground knowledge of how
moving forward using capabilities that Agorik will
we're also joined by John from
experience in doing orchestration with
on the Cosmos side but also
Metamask, so tell us a little bit about how you've
kind of gotten into this orchestration
Yeah, thanks for having me
You know, we started building
product we brought to market was the Metamask
Snap and building with this
harden JavaScript from Agorik
open up a lot of doors for
what is actually being built with Agorik
even a little longer, we've been building out this
it's something that is using
this orchestration API to its
fullest extent and really
kind of flexing Agorik's muscles here
of cross-chain interoperability
So, yeah, just a quick thing
go ahead and click request to speak
we've invited you, but it looks like
we'll get you up here and get
let's go ahead and talk a little
just a quick reminder that anything we discussed in this
event is not financial advice
this content in the program is
offered purely for educational
but we do encourage you to stick around until the
end, we have not one, but two
giveaway opportunities that could
in your wallet right now, as well as some
on the next event that's coming up
little reminder is, if you
want to ask questions, you can post
we can pick them up from there and
get it to the great panel
go ahead and again, invite you to
right in. So, Cryptoceto, you've recently
released a few great videos on how users
can interact with Inter Protocol and IST
So, we're sure this topic is one
you're quite passionate about
Why don't you pick the brains of our guests, and let's
find out a little bit more about how Inter Protocol and IST
are the perfect partners for orchestration
the term orchestration, I think
maybe we can start off there, and maybe
Dean, you can start off by not
only explaining what orchestration
actually means, but maybe also
in the broader context of the Agoric network
walk us through, historically,
how it evolved, and what's
the current focus in this multi-chain era
moving forward, also in this competitive
modularities, and all these different
categories and narratives, like
yeah, how does it evolve? And do that in one
you know, in one minute, no, I want to take more than that
at the base technology layer, for doing
smart contracts in JavaScript
and that, you know, to enable
millions of programmers to be able to program this stuff
technology stack that addresses
are now realizing is critical
in the overall crypto ecosystem
And it's one that, you know, that sort of
more directly goes to users
And a lot of people have heard the term
chain abstraction. This is
by the success in interoperability
by the success in modular
which is now you've got hundreds or
all with hundreds or thousands of tokens
and services, and they're all over
the place, and they're in multiple different ecosystems
but they're all kind of connected
but they're not connected from
a user's point of view. So, the user
has to pick up their token from one chain
hand carry it over Hillandale
cross multiple bridges in order
to take it to another chain to do something
of applications to be built in this sort of
cross chain world, but the
but there's a simple one that a lot
of people have encountered that can really, you know,
bring home what the challenge is. So,
recently, a lot of people
had USDC burning a hole in their pocket
and they wanted Stake Tia
right, Celestia token, that
went live. And this happens with Osmo, this happens
with Agora, this happens with a lot of these things. I've got
wherever it is. I don't know where it is.
Because the user doesn't care
or chain or what have you
DoorDash is on when they're ordering a hamburger.
What they care about is, I've got my money here
I want to buy that thing, make it happen.
when people do that, they
have to sign three different transactions
on four different chains spread over a certain
amount of time and it can take hours to get
it right and any misstep could lose
recipe for broad adoption
world we have now created successfully
way in the early days of the internet
internet but you couldn't really go
from one to the other transparently.
users want to be able to use digital assets
and services on any chain independent
of the underlying chain or
infrastructure or ecosystem, what have you.
is the thing that we bring to the table.
Orchestration is the thing that lets
user dreams, achieve these
where I can now write a single smart contract
such that a user can say, hey, take my
it over, you know, Axilar
or Noble or what have you,
swap it for TIA, move it to
TIA, stake it, you know, to
go on from there into your protocol,
you know, get stake TIA on that,
mint a vault on that, mint IST on that,
buy some more TIA to double
down, all these sorts of things. But the
user can now think in terms of, I've got USDC
buy me some stake TIA, make it happen.
one authorizing action in the smart
contract reaches across chains
of these different bridges and technologies
asynchronously to make a simple
user experience happen. Making
simple user experiences that are
cross-chain is really hard, and that's what
orchestration solves. So, you know,
interop and modular leads
assets, but a challenge is
for users. Orchestration brings
you to the user experience that
people want, which is this simple cross-chain
like what's the kind of roadmap
like really build out that orchestration
benefits, actual, you know, strong
technical differentiators on the Agoric
of which are out there, some of which are underpinning
for interprotocol to work,
the ability to incorporate,
to Staked TIA and Staked Osmo, et
the new features that we're rolling out
in the next month or so for doing
orchestration make it easy to
contracts, like in my presentation, if it's on
one slide to say, you know,
reach over to Celestia and make me a new
account just for this user,
that account, then move it from there to
Osmosis, swap it, et cetera, and that
all ends up looking like, you know, eight or ten lines
this is not, you know, users
mostly don't care about this, but developers do, right?
Users care about, I get this
seamless experience, and it's, you know,
and it's straightforward.
Programmers care about that being easy.
feature of being able to do
turns out to be night and day
and programming smart contracts.
Most smart contracts have, or
most smart contract platforms from Ethereum
you can only do operations that work within
a single block, right? You've got two seconds
or half a second or whatever it is, and then you're
done. So you can do a swap,
crosses chains, you need more than a
single block. You need something that can span
minutes or hours or days.
unbound my position on Osmosis,
and a week later when that finishes,
is multi-block, multi-day,
being able to express that
straightforwardly instead of,
instead of, you know, in a
fragile, laborious fashion that you get on
developers have gotten excited by that. So we'll be rolling
you know, there's a release of
some of the fundamentals will be another release
and then out comes the API. We've already got folks,
and you'll hear some from John
earlier versions of this that they'll
be moving on to the new one.
So we'll be rolling that out, and then
over the course of months, we'll be adding
additional support because
the richness of JavaScript is a
framework that you can easily extend, so we'll be adding
GMP or some of the other things that Roland
will just evolve as our partners start
building and using this, and as we start
integrating and incorporating all
the services that are available
on these other chains, they're directly
reachable now, but making it so
that they've got even more powerful, even more
leverage components that make it
easier to incorporate into JavaScript and into
smart contracts on Agorik is
going to be powerful. So it'll be a growing set
applications and services
for, or cross-chain applications
and services built and deployed
on the Agorik chain. There are
the last thing, the core thing right now is really
kind of focused on DeFi, right? It's about
fungible tokens, making it easy to move
there are people working on using
and leveraging that for NFTs,
for example, and so we'll
talk more about that next quarter, but
the focus right now is, man, get that
cross-chain for you all, because
users really want that. It was really exciting
in ETH Denver to talk to people and they
to teach, it's like, yeah, that took me
three hours, oh my god, it was painful.
they get that, then they can see, oh
yeah, portfolio manager, I can see how that
hey, could you do staking
where it takes my staking rewards and
tells me a position in some other token instead?
All those kinds of things are
instantly cross-chain and they're
really hard unless you've got the orchestration API.
Then, yeah, let's hear from Roland
from the application layer, right?
Interprotocol is kind of the flagship application.
kind of orchestration, or what
does orchestration mean to you and how does it
thanks, Sito, I think at a high level
the way I think about how orchestration
will play into Interprotocol is that
and I will admit I've been
looking forward to this for quite a while
into its sort of full form of a
cross-chain and multi-chain
stablecoin protocol, right?
Interprotocol to really make use of
assets cross-chain possibly
without having to move those assets to the
It's really about solving for
anywhere that Interprotocol or
that orchestration can reach, then
all of a sudden IST can get
minted and sent directly to that chain
and so you're in a position where you may
not need to move your assets at all.
that just lets you use assets natively
there and mint IST there and
their users never have to know that anything
is getting routed underneath
is about expanding the reach of Interprotocol
making Interprotocol much more
primary way that people can
get funding and attain a stablecoin
would sort of fit into making
at a reality level that's sort of what I'm really excited
about as orchestration launches
and Interprotocol is able to make use of it.
a little bit more in depth about
the next six months roadmap
or probably end of year roadmap for Inter
because Fred mentioned in intro
so far I think the rollout and kind of
UX and everything has been
perspective I think it's not as intuitive
you probably have to be some
how to navigate through that
been talking with Bob and the team about
that would get closer to realizing
that vision of Interprotocol
being the flagship orchestration application
so can you maybe talk about the
next six months kind of next steps
Bob on the DCF side along
with Brendan on the Agor team
they've been talking about sort of redesign
of a front end of Interprotocol and
I think there's a few versions of that
there's sort of a larger redesign that
may take a little longer to come to fruition but then
can happen much more rapidly around
making sure buttons are in the right places
removing clicks that don't need to be there
elements for example as a way to
which helped a lot I think from
the previous experience but that could
more user friendly kind of way
I'm probably from the actual
side of things I think Brendan
and Bob are probably more well
suited to speak to what's coming
in the short term. I think from my
side where I'm excited about Interprotocol's
some of these more exotic
collaterals using orchestration
I think the end result of that
may be that you don't need to actually be working
from the Interprotocol application at all
for a lot of the vaults that you might want to
open. You might be able to open
in place and from my side
of how Interprotocol operates
in this cross chain world
and so we would view the Interprotocol
front end or the app.inter.trade
front end as one possible place
to manage that but with an
embeddable widget that would allow lots
embed it themselves into their own
individual user experience
improvement, happy to speak
to it. I think there's a bunch of places
that we can remove clicks and things
the way I viewed it is folks
that want to open vaults often
they're willing to figure it out
to begin with but as we start to
users that becomes less and less true
launch with things in sort of a functional
We need to kind of move towards something
for the mainstream user and I think that's
where that is sort of the direction that we're going
over the next six months to a year
Yeah, I agree and I think another big
component is also liquidity
and there's one very recent
proposal that was dropped on
atom treasury to basically be used
IST liquidity and stablecoin liquidity
across the Interchain on multiple
axis. So can you maybe just talk
briefly about that? I think there
the informal team as they're
about to roll out their atom
yeah, maybe you can share some thoughts
question as I've been a little less involved in that
particular proposal. Obviously I was aware
that it was going out but I think
someone on the DCF side could probably speak in
Zaki, the question was on the
proposal for the Cosmos Hub
Lots of other people at the
DCF are primarily working on the puzzle.
I've mostly just been commenting
I think there's a bunch of things that are actually
layered together in this whole thing
in general if you look at
osmosis, liquidity across
there isn't actually... liquidity
limited. It's very difficult
which is a really great feature.
And so there's like one of the natural
things to do is to like go
meet IST and then take that IST
and potentially buy more STT
like essentially a leverage
or doing successfully leverage
Cosmos users are somewhat used to
app called Calc Finance which lets you
automate trades that doesn't exist
in the Ethereum ecosystem
I'll stream this over doing
$100 of trades every 10 minutes
and you can actually move
lots of relatively liquid Cosmos
positions pretty easily through
onboarding users that aren't
as native to the Cosmos ecosystem, they're like
hundreds of thousands of dollars
through liquidity pools that have
world to live in would be like
automate these kinds of scheduled swaps
or streams, like we can automate stream
swaps directly from the inner protocol app
who are less experienced with the Cosmos ecosystem
and don't know how to put all of these
different apps that are in all these different places together
a better user experience.
and exciting property of the Cosmos ecosystem
is that we have all of these
These community pools with tens or hundreds
of millions of dollars in them
and there's a great opportunity
in general to start leveraging
these community pools to sort of
we could move from what would be
reasonable swap size, which is
sort of like you can do...
about a thousand dollars succeeding
on a regular basis across
stablecoin pools in Cosmos
but being able to scale that to support
tens, hundreds of thousands of dollars
pools. So one of the things that we're proposing
of the community pool atoms
allocated towards earning yield
and I think that's pretty
like... I think this is like
for the entire Cosmos ecosystem
it can be a huge accelerator for
utility of Cosmos as a whole
and it's a huge point of leverage
and then I think there is an
interesting question as to how this
plays into something like Atomwars
I think it would be a lot more straightforward
I think Atomwars is exciting
is if there was a narrative
around different stablecoin
rather than just having these governance
proposals, I mean I think it would improve
value accrual for Atomwars
one of the questions for me
it's cool that Informal was
starting to actually build out the Atomwars concept
time and place opportunity
right now to really start to
boost stablecoin liquidity
within Cosmos and to have
liquidity through Noble and all of
the efforts of the Noble team has been improved
dramatically but we don't have
is widely used in other crypto
ecosystems where we mint stablecoins
against our liquid staking
and we could really improve the usage
but I just also pulled up
last week where he said, to me orchestration
is the final phase of the Cosmos
vision. So can you maybe expand
on what you mean by that and how
a tweet last week. To me, orchestration
is the final phase of the Cosmos
what is the point of interoperability?
I think one of the more interesting
I think just like, oh, we're gonna
shuttle tokens between chains
because what interoperability
chains, computers, community
computers, some of which are
general purpose, some of which are application
variety of blockchains. But then from
a user experience point of view
there are applications that
and that there are going to be
to a specific L1 blockchain
chain and I am using this app. I am on
osmosis and I am using swaps.
apps, relatively few apps
no, we're not identifying with the
chain, we're identifying with the
Hey, I want to buy a coin.
Hey, I want to execute a portfolio
management strategy. And that
portfolio management strategy isn't on one
chain or one L1. And that's really
the future to me of interoperability
I just want to do tasks. I want
to use apps. I want to accomplish
things. And that there are various
services on them and assets on
and liquidity that can help me
rather than me as the user having to
navigate, have all of this
market information in my head
future, the orchestration
future is just apps that say
I want to do, like I want to
accomplish this task and there's
all of the machinery just sort of
Mitima Snaps and upcoming
kind of take on orchestration
generally and how do you view
fit into that? And also what you're just like
generally building and your views?
I actually want to build on what Zaki was
saying really quickly and then I'll lead into that.
a reference to interoperability
outside of cryptocurrency.
I think about like WordPress
They are essentially the layer one
blockchains in that scenario where they're
marketing to people that want to build the website
and build the product, but none of the
products built on WordPress, built
on Webflow, built on Shopify
tell the user, hey, I'm built
on WordPress, I'm built on Webflow, I'm built
on Shopify because they don't care.
can I buy this thing from this website?
on this blog paste? They don't care
about where the actual place is
built on. They just care that the thing works
and it works really well. And I think that's
where, that's the maximum
interoperability that we're going to reach
and I think that's kind of what
orchestration, the orchestration
because it is abstracting away
that back end so that you can just build on a
Gorg and use this orchestration API
just accomplishes its task
without having to mention that it's
built on a Gorg. Though you can, I mean
give them a little plug every now and then, but that's not the point.
You know, it's meant to actually just
promote your actual product, so that's
all I wanted to say about that.
In regards to, you know, what
we're actually building and how we're
going to actually use the orchestration API
and how we see a future IST,
lines of what I just said, so
what we built with the MetaMask
Snap, the Cosmos extension for MetaMask,
was essentially just bring
MetaMask users into Cosmos.
And that vision is getting
even more refined every day.
It's becoming a better user experience and
we're getting closer and closer to that goal of
we're just going to throw away the dashboard
and everything's going to be in the
MetaMask extension, because
if we're telling you this is an
extension for MetaMask, it
better be an extension for MetaMask, not a separate
web page that we're forwarding you to.
So, we're getting closer and closer to that vision every
day, but the goal of that was to just
add more functionality to someone else's
like what I was talking about, that
is you're going to Calypso and
you're accomplishing whatever you want to do in crypto
with ease. So, for example
the main use case we're rolling
You're going to Calypso because
you're going to be able to stake easier than anywhere
you've ever been before. And it doesn't matter
what asset you have starting with,
you're going to get to that final asset
using this Orchestration API
we're able to take, and especially with the work
with CCTP and working with Circle
optimized for somebody that
they just want to use an app.
They don't care about where it's from.
And that's what this Orchestration
now it gets a little bit more interesting because now
fee mechanism that we're using, so
like we're collecting fees on Calypso
to, you know, it's like a taker
fee for these transactions. But
actually backing that underlying
real solid collateral, it makes
me feel like the old school goldback U.S.
dollar. I'm always a big fan
of actually backing something by an asset.
you have an opportunity to
choose what is underlying,
the backing of that underlying asset.
So, yeah, that's just kind of how everything
wants to lean in on that, but
specifically also like some of the
kind of benefits that IST
other stable tokens are there,
the competitive landscape, the USCCs,
dies of the world, and maybe in
the context of Orchestration. You
brought some good examples already, but maybe you can just
compare and share some of the benefits.
Yeah, I think it's de-risked
And I'll let you guys comment on this as well,
but it's de-risked in that
you know, I think about the whole
Terra Luna crash, it was very centralized
stable token is backed only by
this underlying asset, even though it's in a symbiotic
relationship, there's a high
risk that if this one asset is gone,
this other asset is going down with it.
you can de-risk it amongst
really however many assets you want.
effectively create a stable token or stable tokens
if you really want to go that way and just
you know, you can take all
these different stables, USDC,
whatever you want to put in there
and create just a de-risk
price, but its actual risk
profile. So I don't know if anyone wants to
Roland, were you going to speak or otherwise I can jump in?
you know, key couple things that I
really like with respect to Inter, other than
the asset values, you know, the
value of money in a bank account
that we've all created across the ecosystem
you know, Osmo, Tia, Adam,
stable token that can span both
of those, right? You know, USDC
has got an astonishing amount of traction
but when people step back and realize
A, it has de-pegged multiple
the most centralized thing you can use
right? It's very much sort of
surprising adoption given the extent
to which it is, you know,
you know, it's our favorite
centralized stable token, but it's still
it's still centralized, right? So you really want
something that builds on that and builds
on the assets we've all produced. That
reduces the risk, as John says
and then the other thing you want is it's open source
and extensible, right? And so
there's an open source, it's open community, everyone can
see how it works, everyone can add
mechanisms as Roland is excited
about all the ways it can be extended into the future
to be able to use the power of orchestration
and capabilities of other chains
contracts that people build. Those
are all what we want for an economy going
forward and that combination
just isn't present anywhere else.
I really like IST even though
I don't get to spend as much time
jump from my side, but yeah, Roland, please
keep going and yeah, I'll see you guys in the next one.
the way John and Dean's view
I think align with mine, but
the one piece I would add is
really the difference between
a centralized stablecoin, or one of the core differences
between a centralized stablecoin like USDC
minting users as well, whereas
in USDC's case, only circle can
I see differentiation being
the ways that users can mint,
straightforward, easy to understand,
token standpoint, I think
we would want to see both
interprotocol and USDC and
USDT all being very, very stable
and so competing on stability probably
isn't that interesting for interprotocol
this kind of interaction with
ecosystems in the space and being
able to tie together unique experiences
that are just fundamentally
different than you would get with
a centralized stablecoin just because
it is sort of a user-controlled
minting scenario. So that's
my thought that I would add to what
follow up with one more thing?
Oh, no, I was just saying I love it.
That's a great summary of
the thing that matters to users there.
thoughts in the comment section.
Let's go through a question or two
and then we'll kind of go into the interprotocol
orchestration, I think of different
payments and things like on-ramps
orchestration could potentially
ease some of that for crypto.
John, do you have some thoughts on
how the on-ramp, off-ramp
augmented with the orchestration
and how that would actually work for users?
specifically on that because what we're
thinking of Calypso is this
That's kind of how I describe it, but in reality
a blockchain, you can complete an action.
For example, one of those actions you could
On the top of the funnel, you can set up
you can make the top of the route
and you can make the end of the route
deposit into an IST vault.
Because of what the orchestration
API enables, during the process
I can take the debit card
and make it purchase USDC
USDC on Cosmos, but then take the USDC
on Cosmos and swap it to either Atom
or Stake Atom or even do using the PSM
and just do one-to-one mint of
those routes and those actions
using the orchestration API
by just sending a message and telling
instructions, hey, I want you to do
this, this, and this for me and it will do it.
So what I'm trying to say here is that
from start to finish you can actually
entirely and you may not even need to
get to that first token ever, you
can just get to the last token
directly from a debit card or
a credit card. Now you just need to be
initial message sent, which
that's where Cato and Stripe
and these other on-ramp solutions come in.
Now the off-ramp gets interesting
because there's not that many off-ramp solutions
with DeFi currently. I know
Cato also has an off-ramp, but it was a little limited
the last time I tried it, it was about 400
you could still do it. There just
the problem with off-ramps is they're centralized.
DeFi-ish on-ramp, but there's
Orchestration API can come into play
for on-ramps and off-ramps.
that's going to be pretty exciting, as
we've had to fruition on this.
we want to bring together on this
topic of Orchestration and
Interprotocol monthly update.
on Stride who were minting
eligible for the Stride rewards
fairly significant and a great
boon to all the people that are
Interprotocol vaults. Another
update that's coming is that there's
onboarding of collateral types
votes on it and the discussion's already taken
expected a vote to happen
once the upgrade is complete.
The other thing I'd really like to
discords have been merged between Interprotocol
and Agoric so you can now
find Interprotocol corner in the Agoric
please join that and we'll
talk a little bit about why you should join that in
just a second but the Interprotocol
community discussion will take place in the
the total value collateral lock
collateral that was locked up
six million so we're moving forward
collateral types at a discount
bidding on liquidations if and when
they happen and there was a couple of
people this month that were able to
getting some discounted assets so
that also means that the other side
was that some volts got liquidated
so always if you do have volts open
check and make sure that you have
your collateralization ratio high
enough that you feel comfortable
As far as proposals that are out there
probably the biggest one we should talk about
is the Cosmos Hub proposal from
Agoric is out for discussion.
It's going to be a great boost for IST
liquidity if and when it passes
but it's also going to be great for the Cosmos
Hub and Cosmos in general
Hub forum and take part in that
and that will be happening March 28
call we're actually giving away 100
and to claim your prize all you need to do is
and someone will reply with instructions
provide us your wallet information
so that we can send 100 IST to you
if you're still on the call
you're a winner so congratulations
and Nathaniel Kell you're a winner
it sounded like one of those names was yours
check out our tweet to confirm it
and we'll get you 100 IST
but that's not your only chance to win
join the Inner Protocol Community channel
on the Agoric Discord server that we were talking about
join the Inner Protocol Community channel
go to I want my IST channel
and post your Twitter handle
once you have your Twitter handle posted
in there we will pick some
three will get 200 and four
be given away and if you're already
in the channel don't worry just post your
Twitter handle there anyways
and you'll qualify for the
drawing as well so this is a great opportunity
it's limited to just the people
Inner Protocol Community channel
the third part of that is you need to be
on the Agoric Catalina mixer
of people that have said that they want their IST
one but definitely need to
topics that have gone on in the last
month if there's any other chats
address any questions but it doesn't look like anything
is coming in from a question standpoint
and the Cosmos Hub proposal?
off the orchestration stuff
in Agoric for people to build
cross chain applications that
get to exist right next to
the heart of IST and so there's a lot
of both ways that IST and interprotocol
will extend using orchestration and a
lot of ways that it will be easier to
build cross chain applications if you're sitting
right there able to work with collateral
able to work with vaults, able to work with the PSM
etc. So I'm very excited about
you know I think what will be possible
and what third parties like
you heard John talk about are already
working on respect to orchestration
I'm also I'm really happy
and I really want to thank you for having
the Agoric folk here, DCF is an
independent group, the interprotocol is
largely independent group where we provide
some support but it's really a community
driving IST and interprotocol
generally forward so I'm delighted
Agoric community space because
the community is built from projects
like that that are growing
about what the technology
that we're all building in this ecosystem
will make possible for interprotocol
I think that the proposal
is really important as you
and the interchain ecosystem in general
let's move forward now getting something
in place, low hanging fruit
amount of the assets to both
of the Adam economic zone
the value of Cosmos assets
an increased supply of liquidity
overall to the interchain economy
we know from previous rounds
and DeFi somewhere and all these things
that the injection of liquidity
and starts to free into an ecosystem
and into an economy starts to
free up investment, starts to free up
economic opportunity for all of the
projects that are coming out and so that's
something that I think will benefit the
interchain economy as a whole, which is
one of the things that many of the
principal stakeholders in the Cosmos Hub
care about as well, so it will both
or add utility to the Adam
that they hold but also enhance the overall
and so that's one of those things where
there are lots of ways to do that
and we will all work together
on lots of ways to go out into the future
good way out there and working for us
to see how well it works, learn from it
across chains, so I'm really
excited about the core of what you guys
have been driving here and thank you for
Great, thanks for that Dean, that is an incredible
call but kind of where we
are in the interchain as a whole
and really it's exciting to see
all this stuff come together to really
make these things happen in
So with that we're going to
go ahead and wind up today's call
so again look forward to the
28th where there will be another
Discord community Catalina Mixer
and thanks so much for everyone
for joining, we appreciate it.