Lending Pools with Folks Finance, Pact and Wormhole!

Recorded: June 6, 2023 Duration: 0:46:28

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Alrighty good morning good afternoon good evening. I'll go fam. It is a pleasure to be here once again with all of you for another five tourist spaces that I'm very much looking forward to and man do we have a jam packed speaker bar today huh? I'm super excited to have all of you so all the fam
to everyone that's listening to us live right now or of course all the thousands of you who catch the recording later. This is a very exciting tourist base they've lined up for you to talk about DeFi on algorithm. It's very very interesting updates that the folks at folks finance, fact-fi and wormhole have
to share with us today. So let's jump right into the chase because I am super thrilled to have this conversation go. So first of all, I just want to welcome and thank all my fellow speaker board members here. So everybody, thank you very much for thinking the time for us to have this conversation today. And of course, share news and discuss what
the algorithm.
co-founder and CEO of FolksFinus, one of the leading projects on Algorand offering a full set of DeFi tools for managing digital assets. Benadetto has occurred three years of experience as a blockchain project manager, he's also a mentor in the Algorand Miami and Europe accelerators, and he's also an DeFi advisor at ClimateCoin, a
by lecture at the course of economics and law for digital assets at the University of Flores. So, Benadetto, thank you very much for joining. I appreciate you being here today. We are also joined by Ibu Carrell, who is the head of partnerships at Folks Finance. Ibu takes pride in connecting folks finance to other projects and initiatives around
the web 3 ecosystem. Beyond partnerships, Ibu is also a multimedia artist, the creator of Folks Academy and the host of the Folks in France podcast, which I'm particularly a huge fan of. So thanks for everything that you do Ibu. We're also joined, of course, by Robby Somburki from Warmhold. He's currently the head of growth at the Warmhold
Foundation. Robinson has dedicated nearly a decade to leading growth and go to market strategies for startups, including almost two years in the crypto industry. Previously Robinson served as an early employee at a health crowd until their successful exit, after which he made a decision to join DoorDash as an early leader and prior to Warmer
He led business development, BD, and ecosystem efforts at Akala in the Polka.net. Robison, thank you very much for joining us today. We also have, of course, Dojo in the speaker of art today. Dojo for all of the other famous studios, he's been a core contributor with
5 since mid-2021, basically two years, where he migrated full-time to a 3F nearly a decade working enterprise financial software domain, specifically working on global capital markets and related infrastructure. And in addition to that, Dojo is an active participating upside down, and a street investment down in
who offers capital, coachy and connections to budding teams building in a web3. So, dojo, thank you very much for joining us as well. And of course, from the algorithm on the other side, all of you know Daniel Oom, our head of defying King of Magic with everything related to defying. And I am Fred Estante, the head of product marketing.
and honorary chief meme officer of the algorithm foundation. So team, thank you very much everybody for joining. How are y'all doing today? Doing great. Thank you. Fantastic. Alrighty, Ebu, you're going to be the master of ceremony today because you know everything that's happening. So please take it away, my friend.
Thank you, Fred, for leading us in with a great intro. Honor to be here, honor to be on this panel of guests. Super exciting conversation we're going to have today about brand new feature that's going live pretty soon on PactFi in collaboration with folks finance called Lending Pools.
And you know, we're going to get into what ledding pools are, how it incorporates wormhole, how everyone, how it came to be and what the future is. But first, you know, we have to describe what ledding pools are. So I'm going to pass this to Dojo and Ben to begin. And I'm going to start with Dojo.
If you could just describe to us what lending pools are and then Ben maybe you can follow up on that.
Sure, hey everyone, thanks for having us. So, lending pools are just a really cool way of making use of what we've got at PACT together with folks. So, it leverages the existing automated market
market, market, market, market pools that we've got together with the folks finance lending markets. And it's just a really interesting novel way of putting assets that that general
right yield but basically could be put to better use. Then what's your take on it? Hey hey how are you guys it's nice to be here between all these friends anyway getting back to the landing course which I'm very excited about it it's been
a while we work on it and finally it's going live soon. So I will describe it more for a folks user perspective. So basically what is happening with LeninPool is that you are having the interest viewing assets of folks finance which are the FFM.
being traded on Pact. So basically user will not see this but when you are going to trade on Pact planning pools then you are actually trading on the background the F assets which are the results
of the positioning asset of Volkswagen. That's how it's happening in the Magic. Which is pretty simple, but requires some work and the efficiency that is going out of it. It's very huge because users will be able to earn at the same time training fees, a standard on the
plus lending APRs. So that's how it works. Ben, can you describe a little bit of the system of how lending pools work? How are you able to earn yield from both the lending markets on folks' finance and the decks on PACT?
Yeah, this is because basically you are trading the F assets and let's run example. So if we take the lending pool of USDC algo it will have
instead then actually usdc and algo will have f usdc and f algo. So if you think about it if you already have f usdc or f algo you are already earning lending API on the background.
is an interest in building assets. Then by providing liquidity with the FUSD-C and FALGO, you are adding to this actual API on top the trading fees generated by the trade of it.
So basically you're able to deposit in folks finance you get the F assets and then the F assets can be used on a Dex and then you'll be able to access both correct Yeah, but this is gonna be your simplified so it will be one click to use a doesn't understand that behind the scenes that is there
facets and everything from both back then forks side. JoJo yeah go ahead looks like you're about to chime in. Yeah I was just gonna say that like fundamentally the reason this works I know this sounds simple but what we're
what we've done behind the scenes is built a new adapter contract which takes the user activity from the front end applications and basically simplifies constructing the big transaction groups that happen behind
the scenes. So from a user perspective there's really only one transaction group that's being signed but behind the scenes because packed and folks are composable together. There's a lot going on with the new adaptability
the contract that we've written. So I want to loop Dan into this conversation. Dan, you're the head of DeFi at the Albertan Foundation. What did you think when you first heard about this idea and what impact do you think it can have on the Albertan ecosystem?
Yeah, so just to jump in real quick, I think I think this this idea when they kind of were working on it in the earlier stages I thought that that was really cool because the main thing that we had in terms of ever and defy especially in earlier days were kind of like siloed individual liquidity pool
right like nobody was actually mixing up our pools or we are surely speaking we didn't have additional D5 building blocks kind of like working on top of each other and I would dare say that actually what they are working both pack and you and folks talents are working together it's essentially the
the next level in terms of D5 and it's really a format and a form of maturity in terms of what we have on our D5 ecosystem and I'm very very happy about this. Over the foundation we always see this about innovation and most importantly
All forms of liquidity management as well as defying innovation. So super pumped about it. So Ben, with the introduction of lending pools, how is liquidity balanced between the decks and the lending markets?
Well, that's a flowing all in. So it's the same liquidity basically. The liquidity that you love in the DAX is the same that you have in the lending. So it's all concentrators that.
Some of the assets that will be incentivized in these pools will be bridged over using wormhole notably rap-deaf, rap-bitcoin
I want to rope Robinson into the conversation here. How does it make you feel to see assets like this come through wormhole and be highlighted with products like this in the ecosystem?
Yeah, I mean, first of all, hey everyone, excited to be on this. When it comes to Wormwell, one of our main goals is to connect what could almost be considered separate islands, right? Or in this instance, you could consider algorithms.
end in East being connected, right? Because we're bringing over a native asset to Ethereum, which is East, and making use of it in super novel ways with, you know, PACT and folks finance, some of the best protocols in the ecosystem.
system and I'll be careful saying that. But I think this is one of our goals is to give access to users in the algorithm ecosystem to some of the more popular assets within the crypto space. Not just access, but the ability to use them in
and new and novel applications like we're chatting about today. So obviously ETH and BTC being some of the highest market cap assets, it's really beneficial for an ecosystem to now have that access to TVS.
And also for, you know, if I'm a user on Ethereum, for instance, and I want to try out grant, I can bridge my eSover. I don't have to, you know, sell it or, you know, queue some sort of taxation events, you know, I can bridge it over, use it, you know,
in folks finance, and packed, and get additional yield on my Ethereum. So this is an exciting partnership for us because it's an integration for us because it's exactly what we aim to do. You mentioned TBL there. It leads into another question. I'm going to go back to Dan.
But first I want to remind everybody that there is a POAP NFT that you can claim for listening to this space. You can see the tweet up there linked at the top. You can click that thanks to Algo POAP. So just a reminder about that. But here's a question for Dan Oon, you know, based on what Robinson was saying.
How do you think lending pools will affect different metrics in the out-run ecosystem? You know, regards to liquidity, TBL, the pace of money, the efficiency of money. What do you think about those kind of things with the launch of this product?
Yeah, I would say that there's two general for sets. Right. So one is essentially the BSE Excel go kind of like site that folks will be on and also the the Pag and folks finance side that's native to Ergren. I would say that there's a couple of numbers that we could definitely share, which is that they know like on BSE.
They have one million monthly active users that's there and the general idea is that I do definitely expect a consistent flow of users are learning about our grain when they're kind of like using bottle true or on the xL goes site. This this amount of
And the account of users is essentially a large and much larger magnitude versus what we have on our grand D5 and could potentially lead to a large increase of adoption. And that I do have another expectation and that is that we
with what we are building right here. There is a general expectation that use could be traded between DSC and Elgrin. So Elgrin users on Elgrin could access stronger opportunities through BSE and then essentially what the BSE users can also experience is the
So the main thing is that they will generate increased demand for Elgos and one of the most fundamental things for me is that in order for you to actually have an excel go, there exists on BSE, you will need to kind of like create it through
number one, L goes first, then G, L goes and then X, L goes. So this means that X, L, go demand if it's high or can it drive the demand for L goes. So across all of these numbers that we were discussing and looking at, I think that's super positive and I'm looking at
helping us grow our TV by multiple sides. Well you mentioned the X-Algo feature which is coming in July 1st. But what about lending pools? How do you think that's going to affect the algorithm ecosystem's metrics? Yeah I would say that.
And Borough and Lenn essentially is one of the largest points in NED5 ecosystem. So if you were to check Ethereum, I'll be as I try. I think Borough and Lenn is one of the most core fundamentals of NED5 ecosystem. So I think that itself is going to drive quite a lot
users, especially I would say basic and new users that haven't tried D5 before to actually give you a try. And I think that's actually an entry point because what we also want to do is actually we want to encourage more users using our grand D5, converting them
To kind of like experiment and try our our defi course. Yeah, exactly. There's a lot of really cool things being built and when people try them, especially I was going around and doing some defi on Algrang last night and you know because it's so fast it just almost feels
fun. Maybe that's not the right word to describe it, but it's easy and so that makes it very enjoyable. Yeah, I just want to add one point is that there are always kind of like joke around saying that hey, you know, like in the time that you make a transaction on methamus, be whatever EDM
it takes half the time for you to do it on para deflite or whatever on our ground. So before you know that transaction has failed on an EVM chain, you already know that it has a very succeeded and been finalized on the algorithm blockchain. So that's how fast we are in terms of supporting
DeFi utilization. Yeah. Ben, I'm going to pass it back to you. I have a question for you, which is, in what way do lending pools affect the APY and the yield for lenders? Can we expect an increase in yield for people who use lending pools?
Yes, I increase 100% will happen. Then it is obviously strongly related to the amount of trading that is happening. And then obviously we are going to incentivize with the Algor Awards that we received from last governance.
So the API is going to be very juicy. And how do these the pools that get created on packed using the F assets? How do these pools get used? Do people just look up F asset pools or you know how does how do orders get routed through them?
I think it's better, dojo, sorry.
Yeah, for our first iteration users will be looking them up in the UI, but then we're going to incorporate putting them into the on-chain
smart router that we've got so so that we can funnel in as much volume through all these pools as possible but for day one it'll be a manual activity but I think with with all of the ARB opportunities
It will be pretty enticing. What led to the decision of incentivizing WBTC and WEF through wormhole in these landing pools upon launch?
I think it was a pretty clear during the map, the bull arrive, you know, like that everyone was bridging in Algrant and they actually liked the trading in the ecosystem. For me was now, you know, having the
incentives an opportunity to be able to generate enough large TVL on the pools to allow the trades to be convenient. And then I noticed also like the Tom Falks even though the pools were listed they weren't much active in terms of lending.
So definitely improving the APR by using landing pools. I would have been more helpful on that site. So that was more the idea that we had with the team to incentivize a warmer rapid bit going in the theory on
So, you know, it's an experiment. I expected it goes well, but moreover for me, for the long-term sense, we are planning also to incentivize other pools, so we will coordinate with Pact also to be able
in the next round when we receive a game rewards to incentivize the bridging of other assets because I believe that if we create a vibrant and a very good variety of not just agotalkans with bridged tokens we
are able to generate more of a, let's say, a degeneracosystem of trading on algorithms, because then you're set before, you know, like, then the experience is good. It's just that we don't have much of users and a volume on the Dex brain now, but we can try to solve this altogether.
I want to also mention that beyond WEF and WBTC, the other incentivized assets will be Algo, USDC, USDT, Gealgo and Guard. So any of you DGNs or EELD Farmer
out there, definitely keep your eyes open for those. You know, I want to pass it back to Robinson. What other assets, you know, have been bridged or are available to be bridged to Alverna. Do you have plans to
to expand this in the future or is it something that individuals can do on their own? Describe to us a little how the decisions get made to create assets on different chains from wormhole side.
Yeah, so wormhole is very much so a permissionless interoperability protocol. So a lot of people think of when they think about bridging, I think one of the main use cases today is what we would consider token bridging. And I think it's a very tangible
what thing for users to interact with. For instance, bridging ETH to algorithms and having it in these lending pools is a very tangible, investable use case. That being said, there's also the messaging layer.
And that's something we're really focused on expanding and making applications more powerful using cross-chain messaging. But when it comes to actual assets being bridged into the Algrany ecosystem, like I mentioned, it's permissionless. So our goal as a foundation is to connect to as many chains as possible.
So that, you know, chains and like Al grand and protocols like folks can have access to any assets that they want to bring on on chain and and list within the protocol and, you know, however, like whatever strategy that they're looking to implement.
kind of goes back to a Benadino saying is like by giving access to maybe all these assets, you can have the same experience you would have on maybe certain applications on Ethereum but on Algorand. So when we think about our role in this, there's really I think three main
things. Number one, we want to be everywhere because being everywhere gives protocols, like folks, the ability to list any asset. And by doing that, you give the users access to all of DeFi hypothetically. And I think the other
of things our goal is, where we're focused on is security. Security is always a focus for bridging and it's always a hot topic in conversation and that's something that our team is religiously focused on.
Our security team is growing by the day. We're launching security features. We're launching a cost most chain largely for security purposes. It actually helps secure the entire wormhole network. But yeah, I guess to answer the more the question more directly, like the foundations go
goal is to have a secure interoperability protocol that's everywhere so that users can permissionlessly bring assets onto the protocol and whatever strategy that they want to integrate or implement. How is the Wormville Foundation looking at the current
The current state of crypto and how are you guys looking to maybe help the industry go forward beyond, like you said, you're going to be in every chain. But what about even bigger than that? Can you tell us a little bit about the long, long term goals for Wormhole?
Yeah, it's interesting when you expand out on, like, you go to all different ecosystems. It's a really, really unique perspective in a way, getting to, you know, kind of chat with and work with a lot of different ecosystems. And I think that the problems as you go to each ecosystem are largely the same.
especially in markets that aren't as hot. It's users, liquidity, compelling use cases, and to this point where a lot of what these ecosystem are doing are not fighting against each other directly but in a way and directly competing
right? Everyone, let's say there's a fixed pool today, obviously that pool can grow, but a fixed pool of crypto users today. And then you have X amount of chains, you're competing for eyeballs at the end of the day, and then the eyeballs direct the dollars or the fiat or the
usage of X, Y and Z protocol in a non-token related way. So ultimately, you have all these protocols at a high level that are competing. So our goal, and again, not to oversimplify, but the more seamlessly, we're going from a place where bridging you very much so that you know that you're doing it.
I'm bridging to an next chain, like to this chain. I'm going from east to Algo, or I know this is an east asset of sorts. But we want to move to a world where you actually don't necessarily know your bridging because it's so safe and it's so abstracted from the experience. We're connecting all these chains so seamlessly. You're on Salana.
you use your soul natively and you deposit it a message sends, this is locked, sends to you know Algran and lets you unlock Algo natively. And so our goal I guess to summarize a little bit is we want to be everywhere and connect all these chains as seamlessly as possible. We talk a lot about
UX in the space, we talk about a billion users, and I do think that us solving this cross-chain problem really does help with the UX problem. I don't think UX is the only problem we have, but that's certainly one that cross-chain can help solve. And I think the last thing I'll say is that the way in which
which we're thinking about, going about connecting all these networks is using what we want to aggregate that what's best in class. What I mean by that is there's lots of different ways bridges can work, right? We've all heard of probably if IBC or now hearing about ZK bridges or more uses of Guardian Network.
and other bridges use other different attestation mechanisms. We ultimately want to combine what's best in class across all of these. So I mentioned we're launching a train in the Cosmos ecosystem. We'll be utilizing IBC there, where you realize the Guardian Network outside of Cosmos were actively focused on Z
the U.I. needs. I think across crypto, the cross the whole industry needs to
to develop a lot. A lot of the things that we see today, we can assume will be compacted and combined into themselves to simplify processes. I think the whole industry is just in that process right now of getting everything together and then kind of packing it down.
into a more palatable product, more palatable experience, I'm sorry. Dan, I want to throw one back to you and remember if you're in the audience, think of a question, write it down in a few minutes, we're going to open up the floor to everybody so you guys can ask us questions.
Then what makes lending pulls a game changer in Algrande DeFi? You know, it's one of the first times we've seen something like this and what sets it apart from other yield farming strategies?
Yeah, I would say that and it's something that Ben has shared earlier. So essentially the user gets sold with an elbow US DC pair. The user gets the interest on both sides as well as the soft fees from the decks, right? So that's kind of like a tree way income. I would say that if let's if you would be able to access
to the LP to const themselves into the future, then we could essentially roll this into something that, hey, you know, like self paying roots, something that Ethereum has on using alchemics with that. So I'll say that this opens up a lot of possibilities for people to work towards a deeper liquidity because it's
It essentially encompasses the LP itself and actually pays an interest on both sides. So I think that part is especially pretty cool. I do aspect. I think I'm fairly good at that. So I do aspect of kind of like developments growing from this and
to be very fair I think higher you is just one of the key factors coming from this. I just want to add down that in the meantime you will be able to farm the liquidity pool tokens on Pact.
So I'm going to ask maybe one two more questions, but I do invite audience members to request to come up with speakers at this time so we can get you set up. So when I'm done with the last question or two, you guys can jump right in.
I see a lot of great community members in here, so let's get some conversation going. Ben, when did you decide that lending pools was a priority to build? And why did you think that it was something that you should turn the team's attention to?
That is more of an idea of given our city honestly I want to take the benefit of this but we had it in a while under the radar and then we have a roadmap we would like to build a lot of things but
we have priorities then we decide. But as soon as we got the incentive from the last governance round we thought that would have been much better to use the incentives in a more efficient way.
So we decided that it was now worth building it quickly. So we did it and the pact was very reactive in accepting the challenge and supporting it. So yeah, that was the time when we decided to go all in on that.
Are there any audience members who would like to come up? Would love to hear from some of you if you have questions for anybody on this panel? If not, then you know Fred, I want to pass it back to you if you can hear. I know you may have been having some technical difficulties, but
Oh, there's a question that I have in my document that I'm going to answer myself. Where can people learn more about lending pools and Alvarian DeFi? I'm going to plug folks Academy here. If you go to academy.focus.finance, you can find tutorials on many things that are relevant to DeFi and
blockchain basics and also folks finance tutorials and there will be a tutorial on how to use lending pools there as well once the feature comes out. Actually Dojo, I know you guys are still working on it in polishing the details but do you know roughly when the audience can expect lending pools to be live?
We are in the final phases of testing the final build. So we think we're pretty confident it's going to be in May next Monday at this point.
I'm sorry, I didn't hear the last thing you said.
Sorry fun with spaces bugs. We're quite confident that it'll be main net ready next Monday. So just finalizing a couple of small tweaks over the next couple of days. All right, well, we'll definitely be looking out for that.
If no one else, if no one from the audience has questions, I think we've had our discussion here. Would any of the hosts or the panel like to leave some comments or is there anything that I may have missed that you would like to discuss?
Yeah, maybe I'll jump in real quick. I would say that this lending pool product that both platforms have kind of co-created together would essentially be one of the it wouldn't solve impermanent loss, but I would say it's one of the best ways that we could address
from the D5 perspective, in terms of like guarding against IR and then making sure that everybody is receiving the correct fees, the use from each pair and each asset. So I think this is one step in the correct direction and I think it's really cool.
Yeah. That's a good point. I see Dragonfight raising their hand. Is it possible? Well, whoever's on the folks finance account, I know who it is, but can you bring Dragonfight up as a... Dragonfight, would you like to come up and ask a question?
Okay, I'm gonna
I think they would like to. Please request to be a speaker.
Good morning, everyone. Thanks for having me on. All right, we got him. So, uh, see a lot of dragons out there and this has been discussed among us. Um, just thinking back to when lending pools were originally
And then they were taken off. That feature was removed. Do you have plans to use lending pools as
and can you speak to those security concerns and what you might do differently to address them. Thank you. Do you mean security as in like the legal security or security as in like
protocol on our body space. The duro called the vulnerability because I remember we had some check on that but I don't remember it properly what was the problem but anyway folks is built in a very different way than Algofy considering the
collateral. So I remember when we checked some issues, then it wasn't myself. It was more the technical team we were like, we are totally safe from that side. But if you can remember what was the issue, I can answer you. Don't know the exact details, but I had to do with mango finance. I'm sure
someone in my community will be able to give you better information. It might have been something that Algafai did that was overly cautious. Maybe it wouldn't have been a problem. I was just interested in you had any thoughts on it. Yeah, also I wanted to, yeah, now I think I remember about
So anyway folks, Pulse are very cautious about every time we add a new collateral about what can be borrowed and how much can be borrowed against it. So for example, if you just have a look at Guard, there is a hard-capped limit on the borrowable amount.
Not because there is anything wrong with guard, but it's a small market cap token. It's better to take precautions regarding that. So it's going to be the same on folks. So the collateral are going to be limited. We are going to increase it.
We always keep track of the TVR on the pools. And anyway, here we are not talking about assets that are easily, you know, the TV, sorry, the market gap, it's small. So they are kind of stable if we think
about USDC, I'll go Bitcoin, Ethereum, so we are all targeting big assets. Just got this going to be a small one, but nevertheless we still follow the cap that we have on the normal lending course. Sorry, in the normal
That's interesting. My follow up would be would those decisions on collateral factor be made by the team or would it be more or less automatic based on the liquidity within the lending pool? No, usually what we do is we have built
As most scripts that helps us every time that we want to listen to a new pool that we can forecast, for example, what the script does is we take the price of this new asset. We use it as collateral and borrow and other assets and based on the historical date
of those two assets in the last, for example, three months, we check under a certain set of parameters how many liquidations will they have up in it, how many times. It's obviously a forecast, it's based on hypothesis, but then we just check if the
numbers that goes out are kind of intuitive as a double check from our expertise and then we go for it. So we have a bit of software analysis and then we double check if the results are reasonable or not and we may adjust a bit.
Thank you, that's all I got. Have a good one.
Thank you. Thanks for the question. Let's get the next speaker up here. I believe we had another in the queue.
Just bear with us here and also just another reminder you can claim the POAP NFT That is free of course And you know, it's a cool little thing just to
show that you were here at this space and maybe down the line it could do something but right now it does not. I think we have another question this one's going to be from Oyster Pack.
Very active member of the community, so let's hear from Moister.
Yeah, good morning. Good afternoon. Great space. Once again, folks finance impact. They're doing a great job. A question about I heard Dojo mentioned so LP staking will be coming. So Maynet the pool will be going targeting Monday. I heard
Dojo said that the LP staking will be coming later on. Will that be, that's maybe a question both for Daniel and as well. Will the LP staking for the new liquidity pools be integrated with governance D5?
will support it.
So let me jump in real quick. So the the JSS we would love to support it because it has quite a set which is elbow in this example so that whole piece
is going to be supported. Yeah. Okay. Cool. And and dojo, well, that is that, uh, will that be a ready by by July or
for next. Yeah, so just to be clear, just to be clear, the farming will be live next Monday as well. Oh, cool. So be able to use the Lenny pools and you'll be able to farm them from Monday. That's how we're going to be distributing the extra allocation of rewards.
Okay, excellent. And yes, as soon as they're in the, um, allow list on the, um, from the foundation, then, um, they'll be ready to go on, unpacked as well. Okay, that's, uh, good news. Thank you. That's all I had.
Thank you oyster. I think that that wraps it up for those who are requesting to be speakers Speak now forever hold your peace, but I'm just going to recap the space real quick Basically lending pools are launching probably next week and
Essentially, lending pools are liquidity deposits in which you will contribute to the folks finance lending markets and the packed-fi Dex's at the same time. Therefore, spreading your TBL to a greater degree and earning fees from two sources at once.
This is a brand new thing which we you know at folks I'm sure everyone else on this panel is super excited to launch and There will be incentive on incentivization excuse me for those pulls for Algo USDC USDT Gealgo Guard and R&D
Be sure to give everyone on the speaker's panel a follow, keep up to date with what they're doing. On behalf of the Algrant Foundation, folks finance, and hopefully everyone else on this panel, I want to say thank you, everyone for being here, and we will see you on the next space.
Thanks everyone.
Thank you. Bye. Thank you. Bye.