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InvArch Community Call
Recorded: May 5, 2023 Duration: 0:57:49Space Recording
Full Transcription
I'm just going to go ahead. I'm going to kick things off, get it started. There's a lot to talk about.
But, man, where to begin, too? That's just the big thing.
Well, first and foremost, I guess I'll start things off by addressing the crowd loan.
So, yeah.
I went to go check it, I went to go check it, and I saw that, and I was just devastated.
But, ironically, I will say that while that did happen, and yes, of course, I would have loved to have grabbed a slot 43.
The weird but really awesome thing is that coming out of it, I genuinely have never felt more incredible for our upcoming auction plans.
The strength that we achieved, and I just want to highlight this as a community, because everyone who's a part of the Invarge community, especially those who contribute to it, whether that's on social media, just simply spreading awareness, showing your love for Invarge, helping to educate others.
Where you're one of our amazing ambassadors, working across many different channels, whether it's to help to guide our community, to educate our community, even moderate our community.
Obviously, everyone who's been a part of this has, I mean, seriously, you guys are rock stars.
And why I say this is because there are, I'll highlight this, there are, there were certain decisions made early on with Invarge.
Now, specifically when it comes to things like it's economics, allocations, and when making these decisions, the community was always at the forefront of my mind.
Their experience, long-term, has always been at the forefront of my mind.
It's something that's very important to me.
I understand the perspective of someone from outside who might be looking at Invarge.
And while everything should ultimately always come down to tech, that's an ideal world.
And I understand that people, you know, there's a lot of DGens out there, for lack of better words, and everyone has their interests.
And with that, one thing that was very important to me was that we created a token economy.
We had this distribution that achieved the goals, of course, of helping to fund the project.
But without taking advantage of the community or leaving them in a, what would eventually become a sour situation in the future.
And so what I mean is, when fundraising, we did a few things that are quite different from other projects.
I'm not knocking those projects.
I will say there's a, there's a pro and con to each.
Like neither one is there.
There is no superior or single path forward, you know, that every team should follow.
So, but when, sorry, long explanation.
When raising for Invarge, you know, we only set aside 8%, which is neither here nor there, or 7%, I think it was at the time.
I have to double check.
That makes up the 8 and the 7.
But the thing is, the interesting thing is that we limited any individual VC to just a 1% allocation.
And the reason for this is we wanted to ensure that when, you know, when the network is live, when things are out there and they're thriving, that, and especially when there's on-chain governance, that there isn't this disproportionate power.
You know, because this is, it's so much more than just fundraising and, you know, having these funds and, oh, they own this much versus we own that much.
And, you know, all of those things are more a matter of ego than much when you're just talking about the who owns more than what in terms of, you know, financial value.
But the real thing is that comes down to things such as votes, which is, we're talking about systems of on-chain governance.
It's really important.
So what I'm getting at is we cultivated this system to where, of course, there's, you know, there's always going to be whale holders.
But we made sure that if, you know, the masses, if they ever got together and they wanted something, they would always have the strength to do that.
And so putting the community first and prioritizing them has always been our focus or one of our core focuses.
And with it, there, of course, there's trade-offs.
And this is why I'm saying it's not necessarily which strategy or which, you know, method is better than the other.
Because the trade-off here is that, you know, we give less, but that also means that we get less.
Of course, you know, it's pretty straightforward.
And those who give more, obviously, they get more.
And neither strategy, like I said, is good or bad.
But the thing is, the reason why we chose to give less to get less is because we want to give our community more.
Because we firmly believe that if we put them first, if we bank on our community and we build up the strong community, that our community can help to lift us forward.
Because what we're building, the solutions that we're building, this isn't a solution to be owned by a small group of people.
We're building a brand new layer that's being contributed to the entire global internet systems or Web3.
And so it's imperative to us that these systems are controlled by the people, by global communities.
So the reason I'm bringing all this up is because, so this has always been one of our core focuses.
And it's something that I've always kind of like been betting on, that this will prove itself.
That focusing on your community and trying to prioritize having a project that has a strong community, that that can be a winning strategy.
And I know it might sound ironic considering that we technically did lose that auction.
But in my eyes, I mean, everyone here, excuse my language, everyone here kicked some serious ass.
It was incredible.
I mean, you showed everyone.
When I was at East Denver, not East Denver, when I was at Consensus, I had the privilege of meeting a bunch of people from Parody for the first time, seeing also a bunch of familiar faces.
And I will say that I was speechless in a good way.
I hadn't realized just how noticed Invarch was in their eyes and the fact that we have people from Parody, you know, whether it be Rob, who some of you have seen tweet about Saturn, which is really awesome to see.
Or even Bjorn, the CEO of Parody, who I got to meet, literally telling me that they are that they're all rooting for us, that they're all impressed by what we have achieved, that they're impressed by our community.
And when we maxed out that that hard cap and again, while it was short lived, that impressed everybody.
I mean, I had people telling me that like they, you know, of course, they love Invarch and they believe we're going to do big things.
But they said that they didn't believe that we would be able to go on to hit that cap off of, you know, this more grassroots strategy alone.
And I mean, hell, we did the thing, you know, we showed up, we showed up so strongly.
We maxed out that cap, maxed up the cap when you consider the contributors through Bifrost as well.
So, Invarch saw more individual contributors to the crowd loan, more individual participants in this process, more than any other parachain has since at least August of last year.
I mean, it's, I don't know, that's just, I'm really proud of that.
That makes me feel incredible.
Also, you know, speaking with so much of the teams at ConsenSys and, and just, you know, hearing all the love that they have for Invarch and for what we're doing here.
That combined, and not to mention just, you know, us releasing Saturn and its significance and how important it is for the ecosystem and that really becoming clear to a lot of people now.
Yeah, I don't know.
I just, I couldn't be more, more bullish on, on our future.
Um, couldn't be more amped, couldn't be more excited.
Yeah, it kind of does suck that I'm going to have to, um, all the energy that goes into that crowd loan process.
Uh, it was a nearly two month long, a month and a half long process.
It is quite long.
It is a lot of energy, but it's absolutely worth it.
And I am ready to do it all again and do it even, go even harder than we did last time.
Um, so, with that whole, that whole, that whole spiel there, um, I'll go ahead and add the fact that, so with that, uh, as of today, uh, anyone who contributed dots, uh, directly to the crowd loan.
And so, what I mean by directly is you either went through Polkadot.js, um, you went through Nova Wallet, did it on mobile, uh, or you did it through Talisman.
Um, if you had, you know, directly contributed your dots, so going through no other, like, third party, or not third party, but any other, um, um, application to do so.
So, then if you check your wallet now, that same account that you contributed with should already have that dot back.
Um, if you contributed through Bifrost, then, as, uh, you may be aware, when you contribute through Bifrost, you get VSBond and, uh, VBond.
Um, and, or no, you get, my bad, VSDOT and VSBond.
There we go.
Um, so, with these two, um, what you need to do is the VSDOT and VSBond, uh, you, you can't really do anything with the VSBond until, uh, like, uh, it's time to claim your dot, so that's just there.
Um, now your VSDOT, uh, if, ideally, you still have all of that.
Um, it's, it's equally paired to your VSBond.
If you, for some reason, uh, spent any of it, then you would have to re-get that VSDOT, um, to pair back with your bond, uh, together with your VSDOT and with your VSBond on Bifrost.
Um, you, uh, really simple, um, you have to go and claim it, but what's happening is you're just returning the liquid derivatives that were given to you.
You just have to return no more, no less.
I mean, you can return less, but, um, no more than what was given to you, and you'll get the entirety of your DOT back.
Um, so that is what's going on now.
Uh, please do go and claim your DOT.
It's very important.
Um, obviously, of course, uh, and I'm going to touch on it here.
It's the next thing I want to talk about.
Um, of course, we're going back to the next auction.
Absolutely.
Um, so, so with all of that, it's very important that everyone, you know, gets their DOT, uh, ideally to, to re-contribute.
Um, moving forward with due weight, we have, uh, we're going to be announcing a different reward structures.
I think you're all, you're all going to like it a lot.
Um, but yeah, yeah.
So make sure, again, if you contribute directly, you have your DOT back.
It's there in your account.
It's nice.
It's safe.
Um, if you contributed through Bifrost, please make sure that you go and Bifrost and that you claim your DOT.
If you don't claim your DOT, um, you don't, you don't get your DOT back until you claim it.
So, um, you will need to do that in order to get it back in order to, you know, if you want to ideally re-contribute it, uh, for the next auction.
With that out of the way, the last little, the last bit on this specific matter to touch on, um, is our next crowd win, of course.
So the next batch of auctions kick off in about a month's time.
So similar, we're probably looking at something similar to our last process.
Um, so there was the first auction, which kicked off in April.
First auction of that batch.
Um, however, we'd already started our crowd win during the month of March.
Um, here we are in May.
Just so much time, but, um, sorry.
I'm just, I'm just excited and anxious to get in March on polka dots.
Um, just a lot of really cool stuff that we're bringing to the table.
I'm just really excited to see get realized and used.
But, um, anyway, uh, so we're going to go ahead.
Here's what's going to happen this weekend.
We're going to be finalizing everything with Gabe, um, going over our, you know, finalizing our strategy, talking, hashing out all those details.
And then we'll be looking to then on Monday, uh, make an announcement, uh, let everyone know, uh, you know, what changes do exist.
Basically let them know, Hey, we kick it off again.
Um, from there also, of course, you know, uh, actually on Jane, you know, participating, uh, uh, registering for the auction.
So make sure that goes live, getting all that done on Monday.
So essentially just be ready.
We'll be good to go.
Um, ready to go back at it at that time.
And then with that, we're also then, you know, same as before, we're going to be going ahead, making some big pushes.
Um, with that.
So there's like a few, I'll be giving out some bounties through various organizations, uh, for individuals to help spread awareness of our crowd loan.
Um, one thing I am excited for is of course, uh, and I will also know you can anticipate a higher cap.
Um, absolutely.
I'm very confident that now I'm very confident that we won't just, uh, see 150,000 dot, but we can go on and we can achieve a lot more than that.
And not for the sake of achieving it, but because we very well may need to.
Um, but I'm absolutely determined to win one of these next auctions.
I want to win this next auction.
I want to get going.
I want to get live.
Um, but yeah, so yeah, that is, that's what to expect there.
Uh, so just quick recap, you know, unfortunately what happens, silver lining is we absolutely showed up.
We proved ourselves.
We kicked some serious ass.
I mean, we just, I'm really proud of everyone.
Um, it's kind of like weird to say, like, you know, I'm proud of it because it's in March, but like it, it wasn't, it's not like the brand itself did that.
It was the individuals who were a part of this community who helped to achieve that.
So just extremely grateful to all of you, everyone here.
Um, so yeah, recapping on that.
However, um, in light of that, everyone should have their dot back.
They contribute directly.
If you contribute to Bifrost, please make sure you go back to Bifrost.
Um, and you claim your dot that way you have it and you're ready, uh, this Monday anticipate an announcement, um, on our next crowd loan for the next batch of auctions, which, uh, you know, bidding begins in early June.
So, uh, about a month's time, a little less than a month's time, I think, uh, we'll have all that going and then, yeah, we're going to be going full steam ahead with it.
Um, full steam ahead, just driving that down, really want to win that slot, uh, in, in tandem with that all.
Uh, so we're also, obviously we have a lot of stuff going on with Saturn.
So our Saturn multi-sea, which upon announcing, uh, and it's partial, I mean, delivering kind of the word we're adding in more support for more chains.
But the tech is all there.
It's good.
It's live.
It works.
Um, nice UI pending.
Uh, but since rolling out Saturn, I mean, the, uh, reception that it has seen, uh, I mean, we knew that it was good.
We understood that it was a big deal.
Um, we built it, but, uh, we know exactly what it's capable of.
Uh, but to see members from the community get excited to see other teams excited.
And interested reaching out to us, uh, even, even having developers from outside the boat of the ecosystem, come up to us, reach out to us, whether it's a telegram in person or on Twitter and wanting to learn more about Saturn, wanting to use Saturn one day.
It's, it's been incredible.
Um, honestly, it shows us, it proves to us one thing apart from the fact of like, yes, this is really powerful.
It's that there is, we are sitting on top of incredible potential.
And this is an opportunity for us to seize, which I assure you, we are, we're not going to let slip past our grasp.
Um, Saturn is, it's really important to us.
Um, except taking a sip of water real quick.
Okay.
My bad.
Um, very important for us.
It's very important for the ecosystem.
Um, when I say it's a game changer, that's not just, you know, buzzword marketing.
Um, it is, it literally will change the user experience, um, for whether it's an individual dealing with multi-sigs or for VCs and institutions getting into, not just poke it up, but the entire, entirety of Web3.
Um, it's going to permanently change their user experience, uh, and they're never going to want to go back.
Uh, just, yeah, extremely bullish on this.
Um, for those who aren't aware of Saturn, um, please head over to, uh, you can just click on Embarch.
They're the top left here as the host, go to the Twitter profile and pin to the top there.
You can find the article on Saturn.
Um, why is this like a really big deal in, in layman's terms, more simple, more simple terms?
Um, apart from like, you know, yeah, multi-chain, multi-sig, technical term, technical term.
Um, it's because, so as an individual right now, let's say, I'll give an example.
So you as a physical human being on your computer, you want to, uh, let's say you like, you like to dabble around, um, Ethereum.
Um, you are a part of Arbitrum, you hang out in the Pogoda ecosystem and you're a bit of a degen over on Salon.
Now, uh, whether you're an individual, uh, or, you know, especially like a VC.
So you have, you have assets across all of these different chains.
And now as an individual, you can have your single account and you just own those, um, not the most secure compared to other options, or at least compared to a multi-sig, but still very, you know, secure.
Just don't give out your secrets.
Um, you have all these assets and they're managed, but they're fractured.
Um, you can't manage them from one tool, at least not from one tool without you giving up custody.
So it's a custody, um, it's a custodial solution that you end up using.
Uh, even worse off, if you are a VC or an institution, and the thing about, uh, about VCs and institutions is they are especially careful and very mindful about the, um, custody and safekeeping of their assets.
Uh, reasoning is because usually the sum, the value, the value sum of their assets are, I don't know, I can't speak for everyone here, but, uh, they're typically, uh, a lot larger than the sums that I personally, uh, you know, have, have in my accounts.
And so with that, again, they want to be very, very cautious.
Um, so they use multi-sigs, um, practice.
I'll use multi-sigs, um, usually use multi-sig with ledger, which I'm going to talk about in a second.
Um, yeah, multi-sigs.
One of the big issues here though, is, um, how fractured this experience is.
So kind of like the de facto, uh, standard in the industry today, more or less the big name, big brand name is safe.
Used to be Gnosis safe.
Now it's just safe.
Um, I will give them brownie points for securing that name.
It's clever.
But, uh, the thing about safe is it's, it's the big name.
It's the name that everyone recognizes, but it's, it's not the best experience.
And it's an extremely, extremely fractured solution.
And so what I mean is that you have assets on Ethereum.
You want to manage those assets with a multi-sig.
You have to deploy a safe smart contract on the Ethereum blockchain.
Um, which now here's an ironic twist.
I, I'm also going to highlight a massive flaw here, um, with whole system.
If, you know, there's going to be Ethereum and then there's going to be all these L2s scaling things, uh, then the, the, the issue here is you're either deploying, you know, Ethereum is still being used actively for smart contracts, uh, where it's not.
And if it is, it's going to struggle to scale.
Um, but the point is you'll need it to, because right now with, you know, with Genosa safe, uh, that is the only way to manage your assets on Ethereum.
You cannot deploy a multi-sig on a scaling solution to then manage your assets on Ethereum.
Even though that scaling solution itself is an L2 deployed on Ethereum, it just doesn't work that way.
Um, you would have to deploy a separate deploy and set up, whether it was simple or complex with a thousand members, you got to redo that process every single time, every single chain.
Uh, and even after you've set them all up, there, there is, they're separated.
You may have set them all up, but they are in no ways connected.
The only thing connecting them is you, the physical human beings.
I mean, a blunt reality, stoppable human beings, um, are the, the only thing linking all of that together.
Uh, that is not unstoppable.
That is not ideal either.
It's not optimal, uh, but it's what people are used to.
You know, it's what they accept.
It is what it is, uh, at least for now until Saturn.
The big deal about Saturn is it changes all of this.
Um, you just need one multi-sig deployment.
That is it.
You deploy this one multi-sig and whether immediately using XCM, that XCM and account abstraction, that multi-sig, it operates no differently than you as an individual.
When you, let's say you go to, um, you go to Talisman or you go to SubWallet or Nova, you create a new account.
You create one account and immediately most people, you know, they may just see their polka dot address.
Um, but in reality, you can go to then any other substrate chain, any other pair chain, um, pair chain or solar chain, any substrate chain.
And without you needing to, you know, create a new account on that chain, you already have the account.
You go and you visit that chain, you access it using that original account you need to put on polka dot.
And how this all works, uh, technical level comes down to the, the, um, SS5.8, uh, standard that is used within the ecosystem.
Uh, but the, the, the beautiful thing that I'm trying to underscore here is just like as an individual, you have this one account and you create it.
And then you can freely go through this one account and you can manage and operate across the entirety of the, of the pair of us.
Now, when it comes to multi-sigs, that's not the case.
Um, so when it comes to a multi-sig, you need to, there's several flaws with the issue.
And there, I will note that there are amazing, um, UIs being built out by teams.
Um, I partially feel bad that we're rolling out Saturn.
And, uh, a lot of, a lot of the UIs have been built and designed around the current multi-sig solution, which I'm about to, about to dis on in a second.
Um, but built around that.
Whereas, uh, a lot of the things that they, you know, kind of give them hell they had to work so long on is, are things that are very easily solved with Saturn.
Um, but the good thing is moving forward with the SDK, it will be very easy for them to integrate support for it.
But anyway, anyway, rambling.
What I'm getting at is multi-sigs in our ecosystem when, and this is massive.
I mean, it's, it's, it's, it's literally, it's, Polkadot is the chain of, of, of multi-chains.
It's, it's all these different L1s, all these different, uh, sovereign environments.
And so, if, again, whether you're an individual using a multi-sig, you like that security, or you're a VC.
Um, so that could be your VC directly investing in projects, or, um, there are really big VCs that purely just contribute to crowd loans, um, which then exposes them to a large array of different assets across all these different chains.
Or maybe you're an institution, you're an institution, and whether it is you want to hold assets for the investment's sake, or you want to actually utilize these assets.
Um, big issue is, uh, you can have assets on one chain, but, and you have this multi-sig set up.
Um, let's say, on a Polkadot itself, you have a multi-sig on Polkadot, managing your assets.
And then you're like, hmm, wait, I want to use this dot on Astar, or I want to go use this dot on Hydra, I want to go throw it in the Omnipool.
Well, you got to send that as an, as a single, uh, group entity, you know, institution or group on chain.
That's what you currently can't do.
Um, you would have to do one of two things.
You'd have to set up, either set up an entirely separate multi-sig on, uh, on Hydra.
So now you have two different multi-sigs, one on Basilisk, one on Hydra, you're managing them both.
Um, you either do that, or you would have to then send the, you'd have to send the funds to an individual account to participate,
which I assume is the least optimal of that scenario.
But then let's say, so now you have two multi-sigs, okay, cool, not a big deal.
But now I want to use, I want to go over to Interlet.
I got some, some IBTC, I want to bring this over there.
I want to check out the DeFi platform they've been building out.
Okay, wait, I have to deploy another multi-sig.
Okay, okay, whatever.
Deploy it, set it up, get it going, cool.
All right, cool.
Now I have, I have all these assets.
Oh, I want to go, I want to go participate in some DeFi protocols, launch on ASTAR.
Ah, shoot.
Here we go again.
It's the fourth one.
I got to deploy another multi-sig.
I got to set it up.
And each and every chain that, that, that you add into the mix just means another multi-sig
that you have to set up, configure, and manage.
Manage, keep track of.
Like, so you, everyone here can probably understand rather simply why that is.
And again, excuse my language.
That's, that's a pain in the ass, for lack of better terms.
That's, people do what they do because it's, it's what it is, what it is, but that's not
what it needs to be.
And with Saturn, it changes everything.
Like I said, it's this one deployment, you deploy one multi-sig and it operates no different
than your individual accounts, uh, does an ecosystem already.
You deploy this one multi-sig and then this one multi-sig can then, it can own, right now
we're on, you know, doing everything on Kusama, but this one multi-sig can own your dot and
it can own your dot.
This multi-sig is deployed, it will be deployed on InVarch, on the InVarch parachain.
However, it's going to be able to manage your dots on Polkadot, native dot.
You don't have to, it'll never have to bridge it.
It never needs to be bridged over to, um, InVarch in order for you to manage it using the multi-sig
that's deployed there.
Uh, whether your assets are native tokens, again, any ecosystem, it doesn't matter.
You name it.
A moonbeam, Astar, Centrifuge, Kilt, um, Fala, someone that just popped up today.
It doesn't matter.
You know, it can be any chain and we will be able to support it, uh, any new chain, all
that's needed.
And this is a really killer thing is, uh, because collaborating on one hand, we need more collaboration
in the ecosystem.
Um, that's the only way that we're going to realize, uh, the most powerful of, uh, multi-chain
use cases, which is really what's going to allow Polkadot to shine because there are things
that uniquely can only happen here.
Um, but why we do need that, the amount of time that it usually takes teams to collaborate
is, uh, it can be a little frustrating, but that's because, you know, there's, there's
so much work to be done.
Um, you know, sometimes you have a small team size.
There's only so much bandwidth, uh, and collaboration typically involves a lot of work.
Um, which is why with Saturn, we made sure that it doesn't, it's very, very simple.
Uh, that's, I think in terms of achieving, uh, integrations, I mean, we are just firing
away.
Um, when it comes to adding support for Saturn for any pair chain, extremely simple process
in real life, it's literally less than five minutes of their entire life and it's done.
Um, zero, essentially zero financial overhead, zero, zero time overhead, five minutes.
Um, we set an HR and P channel, they set an HR and P channel.
We push, uh, PR to their code, uh, to their, to their, um, their GitHub.
They merge it done.
That's it.
Um, yeah, yeah.
Like I was saying, yeah, it's very, very easy.
Um, very straightforward.
Very nice.
Um, one thing I will say that was, uh, a side notes, and this is, this is actually
interesting.
I think it's a powerful thing is, so Gabe has recently, um, pushed the PRs to then add
Saturn to Kusama.
Um, and all's going well.
However, he was kind of pointed in the direction of, let me see, let me find the message that
he sent me.
Goop.
Declare the configs, uh, in the XEM builder crate, import them on Kusama or Koko, uh, from
there, instead of putting it directly into the runtimes.
And this is, this is really, really great because every pair of chain uses the XEM builder
crate already.
So, this means that we won't need to ask them to use our, since our third party library.
Um, and it's going to be seen as, at least we hope, seen as official since the configs
will be in the official crate with the Polkadot repo.
Um, very, very massive.
Um, what that could do that was as far as like the ability to adopt, um, with this.
Um, so if that, if that happens, and I believe it will, I'm inclined to believe that that
will happen.
And, uh, whether people realize it or not, uh, our XEM configs are going to be maybe a
part of just every single pair of chain, um, whether we have the channel open yet or not.
And so with that, all that's needed, very simple.
It's just the HRP channel.
Then that's literally all that's needed.
Once there's a channel, boom, you have Saturn support.
Um, so yeah, just across the board, whether it's in terms of integrations, um, and getting
that like realized across the ecosystem, made it, made it a breeze going strong there.
We currently have things, so there's a mix of different statuses, so to speak, like,
uh, cause there's the PR and there's HRP channels, um, technically two separate processes.
One could, you know, open a channel, but, uh, yet to, to merge with PR.
Um, so I will, for the sake of me trying to go back and forth and be correct and accurate,
I'm just going to go ahead and list out the chains that we are, uh, working with.
Um, and so again, all of this is on Kusama.
So I'm going to say their polka dot project names just for the sake of, that's what's
in the forefront of my head with, uh, with them, but just understand that I'm actually
referring to their equivalents and the Kusama ecosystem.
So with that, so we have, uh, we have things live with, um, Fallop and we have them live,
uh, with, uh, the Hydra team, the Basilisk, um, it is coming to fully there with Bifrost, um,
working on Moon River as well, ready to test that on Moonbase Alpha.
So Saturn is coming to, Saturn's coming to the Moon.
Um, sorry, that was cheesy.
Uh, yeah, coming to Moon River.
Um, oh shoot.
So we got Interlay, um, Frost.
I mentioned that I'm going to reach out to, I want to reach out to Centrifuge.
Uh, Shiden, um, Astar as well.
So working on it there and then everything going on, bringing it to Kusama and not just
Kusama.
Um, but we were also, uh, I won't name the names, but, um, Gabe was, uh, it was suggested
to Gabe that he should actually just go ahead and bring Saturn, not just to Kusama, but go
ahead.
Let's bring it to State Mine.
Let's bring it to the Bridge Hub.
Uh, let's even get it on Rococo, uh, which goes hand in hand with Kusama.
Um, but, uh, anyway, what I'm getting at is Saturn is here and it's coming across the
Kusama ecosystem.
It is getting realized quite rapidly.
Now this is a back end, right?
It's a protocol.
So it's getting realized.
And ironically, it is now kind of like a similar position where, okay, here is this, here is
the superior solution.
Um, and there is this very nice SCK that will allow people to build out, uh, clients and
interfaces, uh, using it very, very easily, a lot easier and a lot less time, a lot less
money than it would have take them to achieve a similar product using the current multi-sig,
um, pallets.
But, uh, yeah, the, the irony is that, so now we need to build out a UI.
Um, but we actually have, uh, there's something big that we've been planning, um, a certain,
uh, type of dashboard, if you will, that, uh, we've been planning.
Um, I've been doing some, some designs myself on it.
Uh, we are preparing now to actually make a formal, um, announcement that we have, uh,
just waiting on one more thing, two more things, um, two small little things.
And then we're going to follow up and announce the fact that we have, um, you know, fully
delivered on our Kusama, uh, treasure proposal that we had.
It was, uh, past, uh, the end of December, um, early end of December last year.
Um, I'm going to be making an announcement and I will say, so we are also can be anticipated.
We will be coming to the Polkadot treasury one last time.
Um, one last time.
And with this, uh, likely will be a milestone based, but we have been speaking with, uh,
several people from the community.
I've been speaking with, um, different, uh, venture capitalist groups within the ecosystem
and also speaking with core members of, uh, parody themselves and getting feedback on
this, um, suggestions.
And with that, uh, I am excited to say, uh, I know that we have a lot of support, um, not
to take that for granted though, but, uh, I'm excited to say that, uh, we will actually
be coming to the Polkadot treasury one more time.
I'm going to be making a proposal and this proposal is going to be for two things.
One, um, realizing the seconds and more or less final batch of, uh, features that we
want to add to Saturn to realize its initial vision.
Um, these are all just enhancements, um, all things that's none of which are possible,
uh, today using, uh, the standard, uh, multi-sig.
So these are all just big bonuses to optimizing, you know, enhancing experience as much as possible.
Uh, but, you know, also to build out this dashboard, um, this dashboard is a vision.
And I don't want to necessarily give it away just yet.
So what it will be.
Okay.
Yeah, I do.
I lied.
Um, but this isn't like the formal announcement.
So like just between, uh, you know, us, me and you, all the community, um, I'm just
sharing some alpha, but this isn't, you know, not necessarily for us to go screaming from
the rooftops and share across Twitter just yet.
But, um, what we are looking to roll out is, uh, a multi-chain dashboard.
So essentially, um, multi-chain asset management hub or dashboard or terminal, uh, so to speak.
And, and there's this terminal, you know, you obviously can build out different dashboards,
but, uh, the idea here is you have this one single UI and it's powered using Saturn.
And from this one UI, it'd be desktop app.
Um, so through this one interface, you can see all of your assets across all chains as
a multi-sig.
It might sound simple.
This is, you know, you know, you do this with sub ID with your individual accounts.
Um, this is something that's lacking when it comes to multi-sigs and all of their assets
across all the different chains that they're operating on.
So we want to provide a UI, um, for multi-chain asset management.
However, we also want this UI to support multi-chain, uh, staking.
So from this one UI, the ability to stake, as long as, you know, obviously it's a stakeable
assets on, on a pair of chain, um, the ability to stake any of your assets from this single
UI, don't need to leave it.
Same screen, um, managing your assets, staking your assets, getting your yield.
Um, and then also then looking like possibly looking in, in the future beyond that.
Um, maybe even like governance and aspects, but that's not the main feature.
Uh, the core thing here is a multi-chain asset management, one screen, manage all of your
assets, um, as, as a, uh, as a multi-sig and then also the ability as a multi-sig across
any pair of chain to stake your assets on that chain, to essentially to optimize your yield,
optimize your holdings.
Uh, and then we'll be looking to expand from there.
We'll be looking to essentially provide a, um, uh, I don't even know exactly what to call
it or what Gabe would like to call it.
Um, but having a terminal of sorts, not terminal, yeah, of sorts, essentially a dashboard that
individuals can build out, uh, that includes various different DAP widgets.
Uh, so that's from this, from this hub, from the Saturn hub, um, this dashboard, not only
can a multi-sig, yes, I'm seeing my assets.
Oh, yeah, I'm staking my assets.
This is nice.
Not able to do this from one UI before.
Okay.
But now I'm also using my assets, uh, across, uh, certain protocols on certain chains.
So just trying to end up realizing a dashboard user interface that will allow any group VC
or institution to have the most seamless experience possible within the PokedEye ecosystem.
One, one solution, one interface, one multi-sig, all of your assets, any chain, do what you
want, do what you need.
And then also in the future, and this is a really powerful play here is this when this
expands.
And so we have, when we have off-chain signing, um, multi-part competition, and next thing
you know, from this, the same dashboard that, uh, let's say a VC or a big institution is
using to manage all their Polkadot ecosystem assets, the same dashboard, they're managing
their ETH on Ethereum, their, their, their BTC, their Bitcoin on Bitcoin blockchain.
Um, next thing you know, you know, they're managing all of their assets through this interface.
Um, all of their assets through this one interface powered, you know, powered by MBAR, secured by
Polkadots.
And being able to then see this really take off because the vision here is you have enough,
uh, say like VC, larger stakeholders, and they're using this, it's going to immediately make
their lives a hell of a lot better.
Um, they should personally appreciate this.
I'm going to save them a lot of time on a regular basis and just improve their experience
all around, but by delivering them the absolutely best user experience possible, then this is
the solution that they end up using.
And the thing is, if this solution isn't, it's not just, it may, it may be starting here,
but this is not restricted for the Polkadot ecosystem.
And it's also not, it's a ability to integrate and add support for other ecosystems.
Once we have our, um, once we have multi-party computation, it's not dependent on us.
It's just, it's just there.
It just works.
Um, you could submit a PR on GitHub to me, add in the support to, you know, for visuals
and the UI.
Um, but other than that, like you don't have to wait for us to, to add Ethereum support.
You don't have to wait for us to, if, and when we, we add support for this chain or that
chain, you're left waiting because there's this, you know, there's this other chain that
you really like to use and you have all these assets, but you know, you're just waiting
for us to add support.
Hopefully, you know, you don't have to wait for that.
Um, once we have multi-party computation, that's it.
Floodgates are open.
Um, they're going to be able to manage all of these assets across any chain.
And then next thing you know, there's going to be, I imagine a VC or an institution from
outside our ecosystem.
Um, and they could probably care less.
They maybe even never even looked at it.
It's totally fine.
But what they are going to see is, you know, here's their friend.
So there's the other big VC and, um, they're seeing them manage their ETH through this portal.
Not just their ETH, but, oh wait, they're managing their ETH, their ARB, their OP, all
through one multi-sig?
How?
Like, you know, as far as they're, they're aware as today, like, you know, that's not
possible.
Um, and they're going to see this and they're going to like, damn, that's really nice.
And then they're going to start using it.
And then next thing you know, you can have a bunch of people, hundreds of people using
Saturn, using this, this multi-sig and using this UI to manage their assets, um, across
really any chain.
It could be entirely, it could be ETH maxi and not own, you know, just that's, that's all
they care about.
But the beautiful thing is they're going to be using a product that's only possible on
polka dot and that's what I'm really excited for.
Uh, the beauty is whether they realize it or not, they don't really need to, um, the
point is they will be and it's going to provide them the best experience possible.
So yeah, that, that is my spiel there.
I'm very excited for that.
It's a very bullish, um, of course I'm biased, but very, very excited.
Um, just understanding the impact that this can have.
Gabe has been working.
Gabe's been working incredibly hard.
Um, I cannot express enough how amazing Gabe has been.
Um, we all know that, that Gabe is, you know, absolutely extremely intelligent, um, very hard
working, um, and just, and as a developer all around is very impressive, but the level
of just fiery passion and commitment and everything across the board that he has been pouring into
this is unreal.
Um, and I'm not just boosting him up cause that's my guy.
You know, it's just, he, he really has been working 10 times harder than I usually, than
I see pretty much most anyone else ever work.
Um, so just, I want to give him big, you know, props, uh, on that.
So, uh, very, very proud of him, but everyone here too, you know, it's just, uh, you know,
whether you're proud of him, at least appreciate the guy, you know, he's, uh, just, uh, really,
really proud of him.
But with all that, let's see, I have touched on the crowd one.
I have touched on Saturn, uh, a good deal, um, which are kind of, those are our two main
focuses right now.
Um, I mean, me personally, I also have like some other things I, to pour in some, some
needed attention, um, overdue attention into, to YudelDAO and Yudels.
Um, we do have, oh, we have a brand new website.
It's going to be launching soon too.
Uh, it's been dragging a bit and it's my fault.
Um, Yuris Love has been working, uh, very, very hard.
It's a gagger in, in, in the chat here.
Um, but working very, very hard.
The designs look beautiful.
Uh, but he's been waiting for me to get him some, some extra information that we want
to add there.
Uh, so as soon as I get around to it, which will be happening, whether it's today or tomorrow
or Sunday, um, will be happening very, very soon.
Um, and I'm excited for that.
Yeah.
Excited for everyone to see the new website.
Excited for everyone to see the great work that, uh, yourself, some of the designs.
Um, also bring, uh, some, um, just, just bring, uh, more thorough, um, and elaborate a bit
of information over the project to make it more accessible.
So really looking forward to all of that.
Um, oh yeah, let me see.
I think I've mentioned pretty much everything.
Um, Saturn, um, yeah, the crowd loan, what we got going on, the, the, the plan.
I shared the plan of our plans.
Um, uh, yeah, I mean, that's really it.
So the last thing I'll say, well, two things for one, just, uh, now is that time.
I absolutely have to hop off this call at the top of this hour.
Um, no ifs, ands, or busts have to hop off the call.
So keep that in mind.
Um, like I would, I would have to actually cut someone off if they're like mid talking
at the top of the hour.
I have to go.
Um, so just forewarning that now, cause I don't want to sound rude.
Um, so if you would like to come up and speak, um, I see one request currently, I'll go ahead
and accept it.
Oh, I see, I will accept that in a moment.
Um, and then anyone else, yeah, if you would like to come up and speak, um, you have any,
whether it's, I just want to say something, um, say something to the community or have
any questions for me, uh, then please go ahead and send in those requests at that, at this
time, um, go ahead and send them in.
And, uh, in the meantime, while we wait on that, just one last and final thing I want
to say, and it's also just a massive, I would scream it if it, if it wouldn't be like ridiculous,
you know, and people would, it's just sound weird, but, um, just want to scream like how,
how freaking amazing, how thankful I am, um, for our ambassadors.
Um, we have several ambassadors, um, on the chat here right now, and I mean, they didn't
just, they work extremely hard.
There's different flavors of ambassador programs, uh, across, you know, various different projects,
even ourselves, you know, there was one time when we literally had like over 200 ambassadors,
it was wide, um, we scaled down, um, focus less on the quantity of things.
We'd achieved a good base there.
We wanted to focus on the quality of things.
And so with the ambassadors that we have now, I just cannot stress enough how quality they
are.
Um, they're absolutely amazing.
Uh, each and every single one of them in their own rights is in my eyes, I do believe
in the eyes of the greater ecosystem.
Um, you know, they either are, I mean, you are a rock star already to me, but, but you're
rising stars.
They're all rising stars in this ecosystem, um, active participants and contributors, um,
across social media, um, really established, uh, their own voices outside of just being an
ambassador, which I really do love to see.
Um, I think it's really awesome.
It's really, uh, healthy too.
Um, but when it does come to being an ambassador, I mean, they have dedicated, it seems like you
would think that they'd be dedicated, um, all their time to, to this, uh, whether there's
a question arising in the discord and, you know, and across many different channels, boom,
they're there, they answered it.
Whether there's a big announcement on social media, they helped to push it.
Um, there's even times where I admit, I haven't, I haven't recognized it yet, but, uh, not,
not like, you know, to others, but there are instances where I'm a human.
Um, as you know, we are a smaller team, sometimes there is a lot going on and I miss things.
I miss, uh, updating the discord on, on an announcement or on, on a big accomplishment
of ours.
And without me even needing to ask, I will see an ambassador just take lead and make sure
that the community knows.
Um, I, I mean, it's, yeah, you guys are really incredible.
Um, and everyone, I will say should be, uh, Oh, did I miss something?
I just noticed I missed something.
My best someone sent me a message.
Um, but yeah, yeah, my bad, uh, everyone should be really, really proud, um, of our ambassadors
and our ambassadors themselves should be really proud.
Um, I have a lot of love for all of you guys.
Uh, really you are the years to help keep this, this operation, um, turning forward.
Um, and also it's like a really massive shout out to not to like, you know, single people
out, but, um, a massive shout out to, uh, Mike and Julissa, um, uh, like with, with our
Zeely, um, which are using crew three, they're now called Zeely.
Um, as far as the overhead of managing that next to zero of it was on me.
It was led by our ambassadors and they absolutely crushed it.
Um, really killed it.
It's just funny because I'll have, you know, have people come up to me and asking for, uh,
for one of my opinion on the platforms and then like, Oh yeah, can, uh, if you want, you
know, maybe we can hop on a call with someone from your team and they can, they can tell us
and I just let them know.
For one, I mean, I'm like, Hey, I can always reach out to our ambassadors to see if they
would like to have a call.
But, um, this is something that is actually more or less kind of just run by our community,
run by our ambassadors.
Um, and it's really impressive, you know, just, yeah, that's my last spiel.
There's only about nine minutes for everyone else to talk.
So I should probably shut up now, but, um, yeah, yeah.
Just very lucky to have such an amazing community.
Very lucky to have such a brilliant, um, co-founder and CTO and every member of my team really,
but, and just really, really lucky and grateful for the incredible ambassadors, uh, that,
that we have, um, you know, you guys are definitely diamonds, uh, in, in, in, in a sea of, it seems
like a sea of coal.
Um, you guys are really true gems.
So I appreciate each and every person there at this time.
I'm going to go ahead and I'm going to bring Richie on up.
He's requested to speak.
So give me one moment.
How are you, Richie?
How you doing, man?
Uh, with regards to the crowd loan, it wasn't successful this time.
I actually think that's a good thing.
I think it's good for the ecosystem.
It's good to see that there's good competition, healthy competition around.
If my grandfather were alive, he'd tell you that every cloud has a silver lining.
I do believe we're going to get this one.
We should never, ever, ever forget that over 1000 people participated in, and that alone
is really strong.
The community have spoken with their dot.
Personally, I'll be doubling down next time.
I hope that everyone else does too.
And if everybody follows that, then we could smash through 300,000.
I don't know what your plans are.
My big question for today, it was what was, because the human interest story, I think it
makes a good story in itself.
What was your inspiration for the multi-sig?
I understand you've detected many problems, especially on Ethereum, for example, smart contracts
and L2s.
But what was the motivation, the inspiration for that?
Well, I mean, and thank you for this question.
It's a fun one.
And I'm also, you know, this isn't all me.
Also, I'm kind of speaking on Gabe's behalf as well in the mix.
But as many of you know, so we started out originally, or, you know, an OG from back in the day.
InBarts was all about IP.
You know, it was going to be this chain for not just storaging and managing IP, but, you
know, facilitating rights, getting people to, more importantly, the goal was so that people
could work together to build things up so you could have a great idea.
And I said, it's all you had.
You have a great idea, but you don't have the skills or the resources to make it happen.
We want to provide the ability, a platform where you can connect with those people trustlessly,
execute on agreements and build up those things.
But then we were like, okay, wait, when it comes to IP.
So that was the, there was a platform.
Then we were like, wait, need to, need to solve the IP issue.
Need to be able to store, not just store IP on chain.
That's actually not hard at all.
Um, but we need to facilitate IP rights.
Um, that's where things get interesting.
So then we're diving into there and they're like, okay, wait, the best way to do this is
actually, we need a DAO to facilitate the rights.
That's the, that's the key there.
It's really powerful too, but we're like, cool.
So like, this is the thing I need to focus on this.
And next thing I know, we're just looking at DAOs across the board and then we're like,
wait, you know, like what we're building out can be this really just whole general, um,
just more generally geared towards DAOs in general and IP being like the secondary layer.
And then we're like, cool, it's working lists.
And then we're like, wait, if for us to realize our vision, you know, we want to have these
unstoppable organizations.
Um, we want, you know, IP to be facilitated across many networks.
Um, we, we need a DAO, an entity.
They need to be able to operate as one vehicle, so to speak, one units, um, across all of web
three and soon that's where we noticed there's this fracture experience where if I have to
have a multi-sig, a separate multi-sig on each chain, then that's not unstoppable.
There is now in order for me to, to, to realize this system, this, uh, of all these does, then
there's this massive reliance on, um, off chain management of all these different accounts.
They're fractured that they're not one entity.
They, they can be stopped.
End of story.
And so that's where Saturn came about was with Saturn.
It's the foundation for it all.
Um, and we always needed a multi-sig.
We wanted a multi-sig because of utils, um, util DAO.
We want to have a multi-sig that then owns, uh, a bot using a fat contract.
And then, um, that bot owns the discord server.
And then through the bot, through the fat contract and through, um, our multi-sig, you
can then, you know, run the entire DAO through discord.
So we, you know, the multi-sig needs to have, needs to be able to accommodate for things such
as different roles and different permissions.
You need to be able to very easily onboard and offboard users.
And it just wasn't possible before.
So we're like, look, this is what we need.
So we're going to build the damn thing.
Um, and ended up building Saturn, um, Gabe's design game, Gabe, then took it a step further
and was like, wait, I can make this truly multi-chain.
And that's, I mean, the realization of that, I mean, it really blew the lid off this thing.
It's been incredible.
Um, so I must admit, we didn't sit down one day and we didn't go, you know, we're going
to, this is the problem that, you know, everything's fractured.
We're going to, this is, we're going to go solve it.
It was more so we just kept realizing our needs and coming back and getting down to the
roots of what we truly needed.
And now we have Saturn.
Thank you very much, Dakota, for your answer.
That's really cool.
Uh, we only have a couple of minutes left.
I did have more questions, but if anybody else does, I'd like them to quickly speak up
to give them time.
Thank you, Dakota.
See you soon.
No, no problem.
Thank you for that awesome question.
So I don't see any other requests though, Richie.
So if you want, you can, uh, more than welcome, more than, if you have another question, more
than welcome to, to fire away or, well, I don't think we have enough time for a question,
but you know, when you did, the more you speak about Saturn, I mean, it, it truly sounds amazing
and it has picked up a lot.
It has picked up a lot of traction after you announced the Saturn multi-sig literally just
a day or two after every man and his dog started to talk about a multi-sig.
And I don't think that anyone else is going to be as successful.
And with that in mind, I was wondering if the devil whispered in your ear or if it was,
you know, something induced by ayahuasca.
I don't know, but it's really, really cool.
And we can't wait to see this deployed.
I'm excited.
Thank you, Richie.
Thank you so much.
And Mohamed, I have, uh, two minutes.
Let me be quick.
What is your question?
Good, sir.
Um, hello, Dakota.
Hey, hello, everyone.
Um, so, um, I have, I have one question.
