Kava Rise Project Spotlight: Équilibre

Recorded: Feb. 13, 2023 Duration: 1:01:49

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Hello everyone, it's Rebecca here on Twitter Spaces AMA with Equilibrium and Osocava Chang. Let's just wait for a couple more seconds for all speakers and people to join us.
(bell dings)
(bell dings)
No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,#
And I'm super excited to talk to you. And the whole team from Kava. Tommy from Kava is going to join us. Let's give a minute or two to let
people kind of like come in, where there's a couple people on our side too that are going to come in in the next couple minutes, like in a minute, so just like wait like a minute or two before we can get started and we'll introduce like Tommy, we'll introduce the equally part team and then we'll get started.
for sure everyone thank you for joining so far by the China-Pay system me just in case for to refer a Co-liber team just join as well and see or can you please let me know if Astro Boizzle is also joining us
Hello, Rebekah, hello, Brian, Tommy. Yes, Astro is there with the equilibrium Twitter and I'm using my own account. Perfect. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I will. I#
Likewise.
Alright, let me just do my final push on all our telegram and also on our Twitter. And I think in a couple of minutes we can start and dig into the East Crows, you know, Equally Brave Pava and everything that we do about it.
Very cool very cool. All right guys Brian from AlphaGrid here and very excited today very excited for equilibrium very excited to learn your guys story Learn your guys inspiration how you guys came up with this idea. What was the idea? Why Kava? You know understand
kind of like all of the different factors that kind of got you where you are today and kind of where you're going. So if you want to kick us off, if you want to get started, give us a little bit of background about yourselves, the team, what you're doing, what you're working on, and then we can start to dive into someone like the deeper tokenomics questions of the future of the E.
Yeah sure absolutely. So yeah, a clear is a B33 AMM that's a belladon fork so right now we have seen all of this. This Dex is getting a lot of momentum like Tina for example recently in VSPSC and equalized to
the reason we decided to build this product is because we have, we are a better user ourselves and we have been using it for a while already. We have seen the way the project evolved little by little. I think it's a very, very ideal model for
a lot better than traditional Dexys and we just wanted to create a product like that. As I said before, we are also improving what can be improved, fixing some common bugs that are known in the bedroom contracts as well and improving the UX
improving the resources so it's easier for everybody to use this model. And as for the team, we are as multi-in, we are five people team that we have been together for almost two years already. We have been in BFI for a while. And yeah, we were previously in another chain that I'm for to collect so many
many others got wrecked for external sources like bridge hacks and well the Luna colabs also. So we just took the summer and it's a research to see what we can build next and as I said we found out about Bella Droom and decided that this was something
in that we will definitely build and just start working on that. Okay, so let's start with like busy basic simple kind of what is the problem with most Dex's and like V2 automatic market makers.
The main problem is that there is really no much sense to have more than one of these in each chain. For example, punky swap is already established, even though later piecewap came on, then we have quicksap in polygon, then we have trailer show, it's so hard to
compete with this Texas and they are not a liquidity marketplace like this model, Velodrome and ours, Kilidrim. The advantage is that there are so many different factors. One of them is that for example, the emissions are governed. So all the players, partners, retail users, the team
themselves, the allocation and the tokens they get, they are locked and they use these to both and distribute the missions to the pools that needed the most. In the traditional taxes, the missions were assigned by the team previously and just decided themselves and sometimes they were wasted.
that's the part that in this case the emissions are not and miss allocated. Right, so are you saying that the community and the token holders get to decide the emissions versus you know behind closed doors centralized team and foundation, right?
Yeah, that's right. And the more token you log, like the NETIC token gets log, so you can use that NFT to vote for the missions and the more you log, the stronger you vote in.
power. So this allows other projects and other retail also as well to build an additional income stream, because also another difference is that
There is not only two kinds of rewards, like emissions and trading fees that are the common rewards in traditional Texas. Here you also have Brides, which is the most important difference and the rebates itself.
Can you talk a little bit about that? The bribes and the rebase. You can dive a little bit more into that.
Yeah, absolutely. So basically the brides are voting incentives just like we give you know the normal what drives in the world work is pretty funny that and basically because of the missions are decided by the voters, the
will build their pools in this kind of platform like ours and incentivize borders by offering private rewards. So additional rewards. These rewards can be stable, they can be blue chip, they can be in the form of their
their own token. They can be our token as well. And so all the borders, all the ecosystem basically is working together to distribute the missions to where they are needed the most. And by doing it so, it gets more rewards.
Got it. So I know I'm pretty familiar with the solidly. It seems that there's when they launched they had a bunch of different partners that were effectively like they were partnering with and signaling do you guys have partners you're launching with as well?
Yes, we already have 11 launch partners. We will announce them during this week, one by one. We have already settled this. And this will be the start kickoff our goal, our idea, basically this model requires a few
Concentrate on board the new projects to create more LBS and continue the flow of rides, you know, and basically the platform is made for the partners. So we have 11 for the launch and then we'll be starting to
to onboard more every week, every month. And in your team that you've been together with like for six months, what were you guys doing before this? Like, have you guys been in, you know, you've been in D5, have you guys been developers, have you run projects before? Yes, no, no, we have
We have been working in the equilibrium for almost six months. But before, yes, we were in the harmony blockchain and we launched the X there. We tried to launch the X there, but as I said, so many external factors have been all together.
that broke that chain and unfortunately it also affects us like so many other things. And so yes we took some time to recover from that blow and then we started building a Kiligrass.
I see, thank you for this background. I also just wanted to be mindful and present to me from Kava. Please say hello. Present Paava and also the Kava Rise.
Hey guys, yeah, thanks for thanks for having me on here. So yeah, my name is Tommy on the Cava BD team. We're very excited to have equilibrium of deploy, you know, they're they're bringing several launch partners as they just mentioned. And so yeah, we're excited.
for them to deploy on our EDM and participate in our Color Rise Incident Program. So with the Incident Program, if you haven't heard, it's a multi-year long-term D5 liquidity mining incentive program where right now we're distributing
one million cover every single month. So today's price is just under $900,000 that would be distributing every single month and how it works is every any defile protocol that employees we will provide them with the equivalent share of rewards based on
they are share of TBL. So I think that comes around to about 7.5% APR on TBL. So for example, that's equally deployed and they were able to track 5% of the total TBL cover for that month. We would distribute
5% of the million carbon rewards to that money. I hope that made sense. But yes, that's kind of a high level view of the carbon rise and the center program. And again, you're super excited to have equilibrium deploy. We've been working together for the last couple of months here.
Thank you Tommy for explaining that one because it's also one of the key reasons why we chose Kaba to deploy. We think that we both share the same philosophy basically. You are ready to
And we are directing also the fans to where they are needed the most when people build to the builders and our model works like that. They are directing to the booths that needed the most.
Yep, totally agree. Yeah, that's how we see it.
But I'm just curious, equilibrium team. Did you, did you share about cover rights before, before it or you started building on cover, even before finding out about cover rights?
No, no, we started building before finding out of the cover rise because we actually did another key reason is the key position that cover holes that connect EVN chains with
Cosmos base once and we believe that once that oak that door gets open it will be also game changer because we'll allow tokens like atom like osmos like we see like even even the tokens
the current color has in the cosmos side, you know, the stable and hard talking for example and that's also something that we see that sets apart color from other chains.
And before we dive really deep into economics and everything you guys doing with VE's Pro and how I really wonder how obviously you are different from Vila Drone which is on optimism but yeah just wanted to kind of ask you
Yeah, yeah about about Beladon for example, we we are a friendly fork. We don't have a partner shoot with them. We are not related with them in any in any partner or trouble short like relationship, but we thought that if we were going to
to fork their projects and improve on it then we need to learn from them as well. We actually reach out and they were very friendly, very open and yeah we just started building this relationship with them like friendly debt teams and
And with their advice we were able to also publish some of these bugs that I was talking before and that they also have solved and they will be launching their B2 version. So luckily equilibrium will have these fixes in place as well.
Sorry, I was kicked out before. Why equilibrium?
Equilibrium because we think that also the way the platform works it creates an equilibrium of a balance we didn't go with balance or because that already exists.
So we went with Eki Libre and one of the members of our team is French, so they were sounded a lot better in French than in our native language that is Spanish.
I think we have a bunch of questions from our forms and our community. Rebecca, do you have a, are you able to pull up some of the questions? Yeah, I give myself, I'm getting a rug below the floor.
>> All right. So, all right. Let's get back to like what the E is in voter escrow. The first one of these was curve, right?
Yeah, yeah, first one was curve and then why we haven't really seen exactly how that game plays out I think I think some of the the V2 Dex is in the V2 AMM's have kind of
already been figured out on how to play that game in Define. Who are the winners and who are the losers? In your guys perspective, who are the winners and who are the losers within the VE model in Curve? And how do you think it's going to play out? Or what's like the end game for this?
Yeah, so in my perspective, almost everybody wins. For example, the chain benefits because it creates a base liquidity layer, a strong one, and it continues to bring new project to the chain and it locks
valuing in the chain. So that does also benefit the the projects benefit because they are able to build an additional income stream. They are able to use the price and trading fees rewards in so many different ways to benefit themselves and the users manage to do that as well.
So the team also says this is something different here that the team also has their position locked. So it also benefits the community in a way that they are not, the team cannot down the tokens. The tokens are locked and the team is also actively reporting.
So that's why it's also a good example of balance. And I think that the bigger winner is the chain itself because it creates a nice ecosystem. That's my purpose. It may be a astro ones to share his.
Yeah, I'm in my perspective as you say, see how legends are benefits from from the system, but I think that the user itself is the most benefit because you have a platform when where you are doing low swap fees as same fees as Q. So the lowest is a
is lipatch possible. You are going to earn in four different ways, multiple tokens. Projects are fighting for deposit his tokens and share through the users. So I think that is a good place to diversify your investment.
At the same time you are going to earn the whole trading fees of the volume. So you are also benefit from other users. So I think that this is a really good place to a user to grow your portfolio and keep your investments, control it every week.
So I think that user sees the most benefit. Actually, I want to ask you on the incentive structure how you're going to make the liquidity sticky for obviously for your project for Calvin, how the users will be rewarded.
Yeah, absolutely. So basically the way they cover rice was it's more perfectly with this kind of model because if as long as you can continue building and as long as the program lasts, you will earn incentives every
So instead of, for example, continue the example of a problem having to reapply for a grant from Optimus from the chain, whatever you are, the Cava incentives makes it automatic. So as long as you continue building, you get incentives every month and those incentives will be
distribute in a way that they will provide the bright flow, you know, we will be matching brights. We actually also asked about the percentage strategies on how to handle this incentives to develop them. They happily share it and we are applying the same strategy.
as then to use this incentive. So hopefully it works as it works for them. Yeah, I also want to appear that one thing that that keep the project with with a single liquidity on it is like projects
need to fight for the control of emissions. So protocols need to lock the narrative talking and increase their position over time. So this is a really flag well to the platform because this creates a value in pressure on top of our narrative
talking and also protocols need to bribe his LPs to attract new users and new liquidity. So I think that the protocol fighting for the missions is the key thing on keeping us sticky liquidity on the platform.
got it. So fighting for a mission. So effectively when somebody pulls on, on equilibrate, they're you're adding utility to their token because there's a new way for them to earn rewards.
Exactly, yeah, there's four ways.
Wow, that's powerful. And then in terms of like the VENFTs, have you seen different like marketplaces on the after effect? Because when you create an NFT, you've effectively created a, I think you're talking it's called VARA, right?
Yeah, it's about that. The VNFD format, the look one is Viva. Yeah, yeah. So Viva is locked and that's effectively like a sort of like a bond, right? And so it has a time lock and what's the longest you can time lock?
You can time lock your promise for four years and actually the business strategy is to renew the lock every week or every month so it always stays at four years and your body empower remains as strong as possible and that makes your reward
So in terms of getting people involved, they get some vera, they get some varitok and they lock it up and they start voting away. And then what type of
What type of incentives can you expect or do you think that you're going to be at on week one? I know it's probably all token dependent and price dependent on how many partners come in, but do you have any like some early alpha on what you can expect?
But we got picked from from the BNF team in or like for like you know, DGENs in our audience like early alpha like are you shooting for like 10% yield 100% 1000% Yeah, what we are aiming for is like for example if it's
60 million TBL first months. That's what we're aiming. We are aiming also to do a two more communities of our partners and more. And for the BNFT is also in the plan, for example, to have a BNFT market base.
later on, something that will be added to the protocol later on. In the meantime, that will also happen. For example, in the community itself, the Discord, as we see in other protocols like this, they have channels for BNFD trading, and that's also is going to be
happen and for the grow we really think that Cava attracting protocols to the AVN size is going to make this difference and also start machine ourselves as a partner with Cava
is going to create the difference because none other protocol besides a belladrome has has partnered with the chain itself. So we are spreeking to have all the partnerships play out and continue
you bring in more so we can continue growing. This model has a pretty big part associated with the marketing because as I said before projects use this kind of platform to generate another income and use those
So they also grow for their benefits and for their community benefits as well.
other token projects with marketing by leveraging the utility that's embedded into the VE decks, right? With the bribes and the voting and the emissions effectively, it's almost like a form of marketing for other token projects to get involved.
Yeah, correct. At the end it's like if you are a new project or a native project
or marketplace, liquidity marketplace is like a spotlight from them because if you are not even talking on bribes and you are a breaver you are going to be on the top of
of ranks in the platform each week, so your own project is promoting itself on our platform that there are going to be at the same place
that other blue chips or other tokens or other big plays in liquidity. So it's a great marketing and push up to new projects to have a place where they are with.
All right, looks like we got a hand up from Mr. X Mr X please come up and ask your question.
Let's check your audio. Can you please do it again? Can you hear me out? Hello? Hi. Yeah, yeah. Okay. Yeah, for somebody that has spent a lot of time on solidly dexies from the first solid
the, from the first time it would be exchange on Phantom, you know, I saw what happened there, it was amazing. Being able to gather up to two billion in severe, you know, with one of the biggest things that has happened in the defy space, like, it was very huge.
then I played closely along with what the development of the guys are doing and I've seen other folks of solidly that didn't do well. You know, I've been taking notes of some of the things that actually cost their challenges to them. And I wanted to add something about the
the marketing aspect of it. Now, having I'm someone that plays very closely with the development system and the equalizer ecosystem. So when I look at another one of the ways that projects get exposure is the fact that when you bribe, if you're a new project, and nobody knows about you,
and become a solid index and you provide drives. Now if you have a large wood in power that in such a way that those wood have the roots are decentralized not like owned by one particular individual or one particular team, when users claim the drives, they claim your two
as well as part of the drive tickets. Now it increases the number of food as and a lot of the people that claim those right that haven't paid a buy of projects before would be like, okay, yes, there's a new project. I have this token was this token about and people start searching about your two countries to learn what the other activities or other activities.
and has whether they would actually get to hold it or whether they would actually use it to participate in healthy farming. And it's one of the very very creative way to get exposure, you know, for various projects. I haven't worked closely with Velodrome, you know, held some species with them and held a species with Velodrome team once.
I look at the fact that some projects come up with a TV with a liquidity of $50,000 and they end up pushing the liquidity from $50,000 to something about $500,000 to a million dollars and they are exposed to a whole lot of traders and a whole lot of individuals that want to take advantage of the activity.
So one of the questions I want to ask is because due to the fact that yes, we've already received two systems of support from Kava, which is very, very important. The question I want to ask is what are the incentives you have on board to bring for the protocol on? Because it's very important.
what solid defaults are, affects them as protocol for protocol. So other protocols are very, very important for the survival of the solid default because it helps to prevent some kind of centralization, inputting power for users that join LEON.
a lot of protocols join Ali on so and it makes so that it lowers the barrier and decentralized the ecosystem of some sort. So what's the plan to bring all that projects on to the equilibrium? What's incentives are offering? Do you have any other incentives? Have you reached out to other projects to maybe secure some kind of partnerships and all that?
Yeah, Mr. Exxonc, for your question, yes, absolutely. Like, for example, our initial distribution part of that 40% of our 19 token initial distribution will be set aside and that will work as a grant for new projects to be onboarded continuously. So basically the agreement we
are doing with our launch partner, which are 11 right now, if we are giving the BNFT to them and they will provide it within their active tokens, they will build their pairs and whatever pairs they want and drive those and they are receiving this shared initial position.
Of course, to onboard projects every month and every week, depending on what this process would like to how many drives they would plan to do or how many liquidity they plan to do on the initial LP, we will give them a position so they can also participate in the
So we believe that Solid De Force and Belodon Force who have not properly managed this part of the initial distribution, they have run out of fund very quickly and they could then continue onboarding projects. So Kaba is a very small
system right now and we are trying to position ourselves there as the base liquidity layer and we are having this personal tool to Enboard Process and the incentives that we would be receiving from Cava for actively building there we will use to
So as you said, yes, you get a new token as a bribe or a trading fee maybe. And then you learn about the new projects. So that's why it's called a liquidity marketplace. A marketplace is a community place is where you get to know and what everybody where everybody needs to go also to
to be in the ecosystem. So of course, of course we have this in place and that's what I can tell you for now. Yeah, regarding the initial distribution when we did the split between the projects, we
take note on three things mainly the first thing was the stability that the project is going to bring to our platform. The second thing was the price amount that they are committed to send to our protocol during the first month of since last month.
And the third thing that we take into account was the products built on top of us. As you know, some protocols like tarot, liquid rival, reaper, they are able to build their own products on top of the LP.
of DEX. So this is going to bring the users a new tool to interact with the DeFi environment on GABA bien 10. So this was the three things that we take into account to decide how many initial distribution
to send to every partner. That's in that side, in the other side, with the coming incentives, we already have a plan to how to distribute these incentives through the platform, mainly in three ways, the first way to use the disadvantage
is to add drop the barra lockers each week. So if you log a threshold of a barra position in this approach in the next one with a weak pass, you are able to receive a Grapezkaba
in your wallet. That's something that a Belodron is doing and is going pretty well because it's in front of users, lock them talking, be active on governance and also create a bad impression on your native
because people want to lock it to be able to receive the site drop. So this is one way. The other way is that we are going to use this machine drives with new projects that we are going to to onboard. If some protocol wants to drive his
native LP on platform with the Kaba, with the Kaba incentives. We are able to match the drive by yourself with the rapid Kaba incentives that Kaba laps is bringing to us. So this is the second way. And the third way is
a brief K LPs on the Kaba ecosystem for example like LPs with RAPEKaba use the use the C, RAPEKaba with BTC, RAPEKaba with the Serumarch key to bring users, lobs to a face and be
to access to the liquidity and the new tokens or playing or all playing is incentives, this KLP provide the users a low-swa fees and they are be able to get that token so the incentives they are going to send in these three ways.
So I think that thing is covered in our size and we are pretty looking forward to reach and get these incentives to redistribute for the whole users of the community.
That's amazing. This is a competition I wanted to ask is to what listing was the right listing criteria for the delivery because one of the issues that the first solidly exchange that was the one listing process was very much permissionless and from
users from protocols tried to, some individual tried to take advantage of this process to create a pool that had no that users couldn't trade on. You know, people couldn't trade on them so they were able to acquire a lot of votes in power and use it to vote for those pools.
and since other users can't fit on those foods, they will receive the rewards that are located on those foods. So, for solidly exchange, introduce a negative vote scene. We have a vote for votes down those protocols. For the likes of a fellow drum, a poliser, and ten or five, they attach the listing process
only the team can wait is still engaged for bribing so what how is the qualified trying to tackle this aspect of the G-SWAT system? Mr. Axe, Mr. Axe, you didn't like the Batman and Spider-Man tokens? I mean, they're super heroes, dude.
They're super hero tickets. They're not good to the ecosystem at all. I think one of the reasons Andrew left the ecosystem, he got frustrated. It was really annoying towards
Yeah, of course we are not going to be wireless in meme tokens like those. And we are actually, when we are scouting for projects to embole, we are actually looking at a few things. And one of those is that these projects have a cross-chain strategy, the benefits for them.
example, gila gregrators. Then another thing is that they are already familiar with this model. They are already using Velodon, they are already using Tina, they have usually that these are the first ones that we are going to target at the beginning because
because it's a lot easier to do the onboarding because they already know that it worked for them, they already know how to use it for the benefit. So that's first. And we are actually always looking at who are the top drivers in Veldron, who are the top drivers in Equalizer, you know, we are looking at this.
We contact these teams, so we bring them to our platform, because, as I said, they know that it works for them. So once we are done with all these projects that we are not connected yet, and that we know that the partnership makes sense.
Then we will focus on the onboarding projects that don't know about this model. That's why we are making educational resources. We are going to be tutorials. We are simplifying our documentation. We are simplifying the UI, so make it easier and so the experience feels a lot more like a traditional AMP.
then but works like a VM and so yeah that's basically how we are while listing we are first doing of course a video call we have in docs with all our partners we have made video calls with all of them
And we expect our partners to also do that for us. So once we apply that for filter,
And we have seen their activity and we know we work for them. Then that's pretty much a really good while listing process in my mind, at least for the first time. Yeah, I agree with you, but something
that is in the work is that we remove it them. For example, solidite if you have a abetokin position more than one size you are able to create any gout that you want. So this function can be a cool way
a good user from some users. So we're a morbid that thing and right now you are only able to create a gout and both for them and Bryden. If the talking is it's well listed right now from since lounge, the well listed thing is going to be
I mean, we are going to happily or first filter in the projects and be what they can bring to us and they can bring to Gababi, but for the future, it's in works something like
a commissioner, I mean it's like a multi-six governance by some members of the court team, some members of the Kaba-ABM, loves saying and some community members, you need to sing that transaction and wait list
The talking only if one percent of the of the commissioner is is agree in the terms of what list that talking but from the from the lounge, I think that a flexibility flexibility and species very important. So we will add the
the commissioner in the next stage of the protocol, because, as I say, you need to be very quickly with the environment and try to interact properly
Sometimes multi-sigma plus time logs can create some delays on the transaction or create malinterpretations from the
from the persons who manage the multi-cycd. So I think that it's something that we are going to do. I think the future to make more decentralized, the protocol and everyone will be able to decide what is the list and what is not.
Thank you. This was a very in-depth deep dive. Thank you for this. And also one to ask you, when can we expect a equilibrate to be on Kava? What's the timeline?
Yeah, yeah, of course, so we are expecting to launch the state this week. We the reason we haven't launched yet is because we keep noticing UI stuff. As I said, we're trying to simplify it and make it intuitive and simple and simple.
So much info. And so the reason we are continuing the delay is basically because we are publishing the UI. But the testnet is ready. We're actually going to confirm that a fix we apply.
to the podium process today is going to confirm it tonight after the epoch flicks and one study is confirmed we are going to launch it so we are going to start announcing our partners and we are going
sure the test net with all of them and the users will be able to test for during two one and a half week and by doing it so it gets get an error. So, but I heard Rob will be claimable by the users who did some specific action in the
We are not going to disclose one because we want real testers. We don't want people that can't do that just to claim the error because they have the whole point of the test that is to actually make the protocol safer and easier for everybody to use. So that's why we're not going to disclose.
We encourage people to try it all to test the whole app and pretty looking forward to see what you guys can see that we didn't and polish that and make it so that equilibrium is a very polished project on launch.
So is your incentive so it's like not an purely incentivized test that but it's a maybe potentially incentivized test net. So I mean, I would imagine you don't have to answer this question. You can answer this question, but I imagine if you pull liquidity, you
Vogue, you rebase and get that. How long has your test nap been up for? If you're going to have one, you're going to have weeks or almost two weeks. Almost three. Yes. All right. So two weeks of a test that up and then anybody who engages that test net can potentially maybe possibly
earn a little bit of some drops there from your side, right? Yeah. Alright guys, you heard it here. That's some alpha. Go and use equilibria a little bit and you can get some usage and then you guys have a discord as well.
Yes, we have a discord, so you can show in there. We have also a Trilian group, but to be honest, we are pretty much a lot more in Discord, but if you are a Telegram guy, feel free to show in there, we are also there. And of course, the Twitter you can jump in now and stay tuned there because they are going to be put
pushing on the announcement. And then in terms of what you guys are looking for, excited about Need Help with, what do you guys need help with out there? You can ask from the college community, from the Alpha Grads community, what are you looking for?
Like for example, just participate in the test network because if you are interested in in in in in cover then you have to know that that the change is coming
to this ecosystem not only because of us and you surely want to pay attention to this and not ignore it because if you participate and you manage to
to help create a equilibrium to polish it, then the whole ecosystem will benefit and by extension you as a retail user will be able to get so many tokens in the cover chain as well.
and also breach it. And yes, a lot of changes is coming to the consistent. So in terms of help, just continue, I don't know how to put it, but just test. If you are a desktop window.
Yeah, you said it get involved with the test net, you know, throw it around, give some feedback, and then what where should they get feedback in the discord. Sorry, here with your friends pass the balls that if you have a group of community that is actually actually
participating in Velro and other racers. You know, also the word of mouth would also help to create this community, this whole ecosystem that is yet to be built.
Yeah, I want to add to to use some people that my maybe listening right now that give Kaba an equilibrate the opportunity to to to show what we can do and we can bring
to the users and new projects. We spend like four months building this up. We separately rebuild the front end to make super user friendly to users and be very
forward in terms of both ability I think that we create a grid up and yeah I want to ask the users to give us the opportunity to show them a holly sold up and how to interact in the whole ecosystem
Where the users can keep up with all their new drops, all the terms and all the co-learning partners.
Yeah, you just join in this call and then stay tuned to Twitter. Those are the main our main channels. You can you can find a link to our link tree in our Twitter profile with links to documentation with Giza with everything. But if you want to just stay tuned, even though
I encourage to read the documentation because as Troll was saying we made it very simple so hopefully you get it if you don't yet, if you are not aware of this project yet. Just join the discord and you won't miss anything there.
Thank you. Thank you for it. All right, I think we are good on time. Is there anything that we didn't ask you like a little bit team?
But you wish we would ask. No, actually I wanted to ask maybe Tommy was his ceiling or sensation about his Ubrae and you know like
Yeah, if you are excited also about this. Yeah, yeah, we're very excited for you guys to deploy. I mean, we've been talking to you guys now. We've been talking for the last couple of months. You guys have a healthy ecosystem of projects that are
behind you guys as well that are supporting you guys. And yeah, along with our cover rise and center program, we're very excited for you guys to launch and support you guys in that process. And have you guys be early movers in this EDM chain?
Yeah, thank you Tommy. Yeah, also we also be excited about the being early movers as you said. Yeah, sure. We also really excited. By the way, see some fans.
faces here, who just in the AMA, please feel free to raise hand or request to speak. I'm really happy to make you a speaker and answer any of your questions, but the launch, cover eyes or equilibrium team.
Yeah, so I haven't said this yet. I think of course, launch will be right after test it. So maybe two or three days after then we just use those days to do the group to apply some fixes if they are needed by the time and right away after launch coming.
I think I just made someone to speak here. Let me see if Monaseros. I also know that you guys are deploying your cover. If you have any questions or any feedback please feel free to take the floor. Not many questions.
Good evening to you, good evening to you. We had some conversation with the Agribi Bratane, we had been very impressed and we are wishing them a lot of success in their way.
a great way guys and bring us good projects. Yeah, hello Tony. Yes, so good to see you here also. Tommy for example is one of the the the teams that that will be onboarding later on and they have been awesome dashboard and that's
something that we also look forward to incorporating a key librae, you know, like have your dashboard with your booring and everything like arranged properly in just one place. And that's some of the synergies that we can, we're also searching for with other products like Astro said doing
during the chat a while ago that we are always asking for questions why they can build upon a fast and Tony is one example there so nice to see you here. Great to be here, great collaborations guys, have a great evening, thank you.
Thank you so much for jumping in. I got a question. So I want to get involved with the test net and I want to try to go liberate out and poke around. How do I get tokens? How do I get liquidity? Where do you guys have pools of faucets or anything out there that I can use and play around the token?
Yeah, yeah absolutely absolutely. We in our documentation you will find links to to the cover house that you can claim cover and usc so after doing that you simply go to to a delivery and swap some of those for for better and Right there you're already able to test the whole app so when we announce that we will launch we are
We have already a trust in medium ready to go with all the details, with all the links, with all the steps on how to get involved with the business. So that's also pretty there waiting for to be launched. Is that ready right now or is that ready when you kind of like officially launch test that or is that ready right now?
No, the median draft is ready. I already wrote it. So if there is in the draft section in the medium, of course. So I just need to publish it, but I will do it once it does this ready, of course. And it will be an easy guy for everyone to get
involved. And as for the docs, yes, you can already found the links to the testnet explorer, to the file set, to the testnet RPC. So you can already what you can do now is actually get prepared and just set up your metamass and claim those testnet tokens so you are ready.
I know what I'm doing tonight. Right, I don't see any more questions or anyone raising their hands.
I guess I have a question if you guys have a couple of minutes because we do have here another project which is in the Sarah's. How does it work? The reason I'm asking is just like how other projects can partner up with you and be on the roadmap to be with the partnership with Echoley, for example.
In Monosero's case, how, for example, you would be working together? Yeah, for example, in Monosero's case, as I said before, the synergy that we saw when we found out about the project was the dashboard that they are very good at building and that is actually also what they
So as I said, we look forward to have a Dashboard in equilibrium as well, where you can actually see all the necessary infrastructure without having to move across tabs. So that was one synergy, but as for onboarding field projects,
We are putting together an incentive program as well. So basically this incentive programs will use the initial distribution share that is assigned to our grant fund for to put it a name and based on what
But each project is able to provide a label to be looked upon a fast or willing to bribe as well, then a certain procedure will be assigned, but we are going to draft this incentive branch in a way that is easier to also to onboard projects.
We are not, of course, it's not enough to just some board users. Ticely also we have to make it easier for process to come in. So that's also in the works. No 100% also really happy to hear that you guys going to be utilizing a dashboard. I really tested Mono Serra's dashboards format. It's very, very intuitive.
It brings more clarity for the users. Yeah, that won't be ready for lunch, but it's one of the improvements like the NFT marketplace that we want to do is something that is probably definitely on our roadmap.
Hey Tony, I don't know if you have anything else to add. I just wanted to ask what is the most target projects for the guys? I want to onboard for their platform. What is that?
Yeah, at very so in the beginning we are targeting projects that are already used to this model that they are looking for the day the strategy is across-chain strategy. So the beginning we are trying to know to look at who
So which projects are used in Velodrome, which are used in Equalizer, you know, we know this is for the benefit and they are already tested, they already know that it worked for them. So in the short term, we are targeting all these projects that are already used to these models.
and bring them to Cava. That's the whole point. I bring other projects to Cava and start building an ecosystem. Later on, we start bringing projects who are not just to this model. And with the help of the incentive programs and the resources
that we're going to put together, help them and start how they can use this for the benefit. So they take the leap. You know, they try it and they learn about this through us. Thank you very much for the answer.
I think it's a good place to basically stop. I know we're going to have more AMAs coming up. Anything that you guys, any listener or if you're a user, or maybe an owner of the project, please feel free to partner up with the equilibrium
team, it's available on their link tree and the team signal that Discord is the best place to reach them or also on Twitter. But basically we're going to have more AIMAs coming up with the Okava team and with all Colonching partners, especially the
main Kalonjuk partners of Equilibri. So stay tuned. We can announce anything yet. But please stay tuned for the testnet, play around, and also report any bugs. Thank you everyone who joined us today. It was a pleasure speaking to you guys.
Yeah, it was a pleasure to also Rebecca, thank you for this time and also Brian and Tony and everybody who show up, we had decided to continue doing Amas and continue building this ecosystem altogether. - Yeah, same old dude.
Sorry, sorry. Same here and see you guys on Testament. Sure. See you on Testament and Telegram Discord. Let's stay connected together. Please don't be a stranger. Always reach out. We all hear.
Kava team is here, alpha growth is here, and equilibrium is here. Tell me, do you have any finishing words? No, yeah, I was just going to say thank you everyone. Thanks for inviting me to this call here today. And yeah, looking forward to helping on Testament as well.
Alright, it's a wrap up officially. Thank you guys, enjoy evenings and safe. Bye bye.

FAQ on Kava Rise Project Spotlight: Équilibre | Twitter Space Recording

What is the main problem with most DEXs and V2 AMMs?
The main problem with most DEXs and V2 AMMs is that there is no sense in having more than one of these in each chain. They are not liquidity marketplaces like the model used by Velodrome and Equilibrium.
Who decides the emissions in the Equilibrium DEX?
The emissions in the Equilibrium DEX are decided by the community and the token holders, rather than being assigned by a centralized team or foundation.
What is the role of bribes in the Equilibrium DEX?
Bribes in the Equilibrium DEX are voting incentives offered by launch partners to incentivize voters to distribute emissions to the pools where they are needed the most. These rewards can be stable, blue-chip, or in the form of a token.
How is Equilibrium different from other DEXs?
Equilibrium is different from other DEXs because it allows users to decide on the allocation of emissions to the pools where they are most needed through a voting system. It also offers bribes as voting incentives and rebates as rewards.
Who are the launch partners for Equilibrium?
Equilibrium has 11 launch partners, which will be announced one by one during the week of the launch.
What were the Equilibrium team doing before developing the DEX?
Before developing the Equilibrium DEX, the team was working in the Harmony blockchain and launched the X there. However, they faced external factors that broke the chain and reevaluated their product before developing Equilibrium.
What is the role of partners in the Equilibrium DEX?
Partners are critical to the success of the Equilibrium DEX because they create more liquidity pools and incentivize voters through bribes. The platform is made for the partners.
What is the advantage of the Equilibrium DEX over traditional DEXs?
The Equilibrium DEX offers a better model for liquidity marketplaces, with emissions governed by the community and the token holders. It also offers voting incentives in the form of bribes and additional rewards in the form of rebates.
What is the significance of the Kava platform in regards to Equilibrium?
Equilibrium will deploy on the Kava EDM and participate in their Kava Rise incident program, providing launch partners and expanding their ecosystem.
What is the background of the Equilibrium team?
The Equilibrium team has been together for almost two years, with prior experience in DeFi and blockchain. Before developing the Equilibrium DEX, they worked on the Harmony blockchain and launched the X there.