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Let the $LIQ flow: A Runes Roundtable!
Recorded: July 30, 2025 Duration: 0:46:39Space Recording
Short Summary
Liquidium is set to make waves in the crypto space with a major token announcement and plans to list on a top 20 CEX in August. With over $500 million in loan volume and a commitment to daily buybacks, the platform is positioning itself as a leader in Bitcoin DeFi, driving growth and community engagement.
Full Transcription
Thank you. Thank you. mic check
mic check
mic check
yes sir
awesome everybody
let's go
guys we would like to welcome you to the
liquidium Twitter spaces.
From now on, guys, every single Wednesday,
we'll be hosting this reoccurring session called Rune Roundtables
where we dive into the world of Bitcoin
and share the latest updates with the Liquidium ecosystem.
And what we wanted to do and the reason we were hyping this
so much up on the Twitter is we simply wanted to reward the users. We wanted to
reward the audience of people
that took the time on this Wednesday evening
to join the spaces and we're going to be making
an absolutely huge announcement
regarding the Liquidium token
at the end of the spaces. So this is going to
be a good one guys and I can't wait.
Let's go. Turn on
the music
cool so we got some some new speakers coming up here looking good how's everybody doing
great i'm great and you
amazing amazing amazing so yeah this is gonna be a really exciting one because um august is lining
up to be an absolutely huge month for liquidium we have so much in the pipeline and we actually
can't wait but to start off we just want to thank everybody for coming. We really appreciate everyone taking the time to show up.
And this space is for you, the early ones, the curious ones, the people who actually
want to understand what's going on.
For a second, we're going to zoom out.
We're going to look at Bitcoin DeFi.
We're going to look at how early the entire ecosystem is.
And today we're going to be talking about Liquidium, one of the largest lending and borrowing protocols on bitcoin l1
let's go kick it off wait there's barbs coming that is a speaker
care boom should work should work yeah also happy to welcome you from my side I'm Jake
co-hosting from the liquidium WTF account yeah man I can tell you as Cam already said we're
going to host this show a rooms roundtabletable from now on um as we want to
double down um from the foundation side too um i'm hyped um on what's coming um from wtf to fire from
the foundation we got so much lined up and i would say um yeah we we start with a quick quick quick temp check um whoever wants to
go first and who who wants to talk please request we can get you up to the stage and i would say um
yeah james feel free to um welcome the audience from your side g GM, GM, everybody. Welcome to the space. It's your boy,
James. A lot of you probably already know me, but I'm the head of BD and HR here at Liquidium,
and I am absolutely over the moon for this conversation we're going to have today. A lot
of you know we've been hard at work delivering with instant loans for runes instant loans for ordinals uh you know we have
eslik coming up uh cross-chain loans coming up but for today uh we're gonna we're gonna jump in
on the eslik side of things and give you guys a little bit of fun alpha that is being cooked up
on our end let's go dogfather you're next happy to have you in the space
ATM GM from the data janitor side um I'm super stoked I couldn't miss the space even though I
could hardly I can hardly speak so my my sore is so fucking throat um my throat is so fucking
sore man I'm taking some medicines and painkillers and stuff. But I couldn't miss the Spaceman.
Let's go.
Let's see energy flow.
Thank you for coming, man.
And I hope your throat gets better, firstly.
But yeah, guys, we really wanted to...
We're going to be making a very big announcement today
regarding the Liquidium token.
And this is something that I think is really going to change
the way that people can actually buy the Liquidium token, and we're really looking forward to that. So,
at the end of the spaces, I'll be sharing the elf on that, so make sure to stay around for it. You
do not want to miss this. You're going to be the first ones in the entire Twitter audience to
actually hear this news. It hasn't been publicly posted anywhere, so we'll make sure to inform you
on that. But yeah, regarding SLIC, we have two major, major updates,
two major announcements coming in August.
And today we're also going to be educating you guys on S-Lick.
And I'm sure James can take that away,
but it's super, super exciting what we're doing here at Liquidium.
Man, S-Lick sounds super naughty.
I'm totally on for it, man.
Yeah, let's go.
James, you want to go first or should I go first? Actually, I think it'd be cool if you went first, Jay. But I think one thing I want to say is I'm excited to have Dogfather on here with cold medications and all.
Because I think there's a good balance between cold medication usage and space entertainment.
usage in space entertainment.
Yeah.
Yeah.
In regards to ESLIC, let's start at first.
People are asking us when, when, when.
Yeah.
ESLIC went into the audit phase two days ago.
As you may know, why are we doing ESLIC?
why are we doing SLIC?
what's the plan behind that and so on
What's the plan behind that?
And so on.
we were thinking about
how can we
build a foundation
a liquid staking
token to give back to you
and the best way
out there are liquid
staking tokens, we saw that, we've seen that on
ETH, we've seen that on Solana
we do have one liquid staking token on the RUNE standard.
It's not SLIC, it's SUSDH.
It's a stablecoin and their respective liquid staking token.
But on a protocol level, there's no liquid staking token out there.
So we thought, hey, once we initially came about that idea
of having a liquid staking token, it's like, okay, how do we pull it off?
And we were thinking about many, many ways.
And we thought, why not building something people can reuse and people can just fork?
So what did we do?
We went on there.
We went onto the drawing board.
And we chose a different, yeah map of different ways um to to choose and
we choose um the ic the internet computer and as you may know instant launch on wtf are using um
some of the chain fusion part from the ic in the background and with the ic and with um
from the IC in the background.
And with the IC and with our devs, with external devs,
we managed to get this liquid staking product
or liquid staking framework out there.
And yeah, we're pretty hyped about that.
That will be the first,
and it will be the first open source
liquid staking framework for runes.
So if there are other runes out there,
I know, for example, that like Doc, for example,
they have a treasury yielding on other products,
on different products,
but basically any rune can fork that repously we audited
and so on can fork that repo
and basically issue an own liquid staking. did i lose my connection can you hear me
oh we can hear you okay um so basically every room project can forget and can use their own liquid
second token obviously we will um we will do it first and yeah man i'm beyond excited because it
we will do it first and yeah man i'm beyond excited because it it like from the beginning
to now with like lick and so on i can really see um like a next step with like asli being introduced
as we basically implement a way of do proper revenue sharing via slick so as we may already know we communicated that yeah pretty often and 30%
of the daily revenue from WTF and the FIRE product which is not out there
will go into daily buybacks from the open market and yeah those tokens will be redistributed to the stakers on a daily base.
Now you might know, okay, when will it come?
So we are in audit mode.
The code is at the auditors.
They're auditing.
And I'm really, really hoping they will finish it soon
and that we can then basically launch that liquid stake
in framework let everybody here in the in the crowd stake their lick tokens so that's the yeah
the first yeah major announcement we got something else at the end but yeah i'm i'm beyond excited robin is today
is not here today but like man from from all of what we're doing this is really something i'm i'm
most bullish about because this is something about giving about giving back to the people
but the people in the space supporting us since uh yeah two or three years already in the ordinance
space supporting us since uh yeah two or three years already in the owners
guys just to um give you a bit of an understanding so liquidium has done over 500 million dollars
in loan volume and 100k plus loans processed so what i want you guys to do is if you just look at
you know bitcoin defy as a whole if we just zoom out for a second you've
probably heard about ave one of the largest lending and borrowing protocols on ethereum
ave has a market cap of over six billion dollars on ethereum and now imagine that exact same
structure that same lending infrastructure but for bitcoin that is exactly what liquidium is doing
and when you look at you know bitcoin defi as a whole and
if you see the growth and if you see how much the ecosystem is starting to develop there is huge
upside in the whole of bitcoin defi and there's so many people you know that are bitcoin maxis that
you know only buy bitcoin and only believe in bitcoin as a currency and i think that when these
people in these whales like michael saylor such as start to establish and start to look at Bitcoin DeFi, this could really get the industry to extremely blow up. yeah yeah we got you you're back sorry man man you don't fix your your spaces no just just to
touch on that just to touch on it i i think what you mentioned, Cam, is like we see this big influx.
And yeah, Doc, I want to come to you next because you're analyzing a lot of Bitcoin DeFi.
But we see so many protocols and products building for Bitcoin DeFi.
Bitcoin DeFi and yeah just to see that possibility and a possibility of growth
is something which I wake up every day and think like yeah we need to fix this
DeFi problem on Bitcoin and I think we are really good at it obviously always
talking about the own product and say we're the best no we are not the best but far
not but we are we are we're doing our job to be one of the leaders and to be one of the the main
people pushing that that aspect forward and now on to you dog father yeah i'm completely with you
jay i mean i just recently read a report from the Lombard team.
They have the biggest liquid staking token out there
and they forecast a 6 trillion DeFi market on Bitcoin.
I mean, of course, you never know, right,
what kind of assumptions go in and here and there.
But I mean, these guys are also super serious
and many other builders think the same.
So it's like a blue ocean.
There was nothing going on.
Everything is like one or two years old.
And the market is being distributed now.
So you have to ship the stuff.
You have to be super aggressive, get it out,
and then attract users with your great product.
And you guys are doing great.
And I'm looking so much forward to this Liquidium Phi product.
Already earmarking some liquidity on my end.
I plan to max stake the Lick token.
I mean, the memetic potential of ASLIC, sorry for that.
I was almost peeing my pants.
I mean, I should screw up as becoming an adult, but ASLIC, it's good.
I will make a meme, sorry for that.
It just sounds great, right? Lick and ASLIC, it's good. I will make a meme. Sorry for that. It just sounds great, right?
LIC and ASLIC.
I think our whole marketing team
spent hours on that.
No, just kidding.
It came by naturally.
When you talked about,
I have a quick question.
When you talked about,
as we are looking at the Bitcoin DeFi space right now,
as you talked about Lombard, I researched them a little bit.
You said they have this LBTC kind of thing.
Do you have more insights on that?
Because I was really interested in their wall thing.
Yeah, of course.
I mean, I don't want to show too much of my own article,
but it's my pinned post because I think it's super interesting.
You can have a small dive in.
I mean, at the end, what they do is they don't have, you know, the traditional WBTC, what you know from the 21 DeFi cycle.
But it's a liquid-staking token.
It's the same like ASLIC, so you can trade those as well.
It's not like you wrap it and then it's there and then you have to you can you can trade those as well it's not like uh you you wrap
it and then it's there and then you have to unwrap it if you want if you need liquidity so i think
that's the major thing and then you can do all kind of things like restaking and and and you
know borrowing against it and doing another round to have a higher apy uh so the whole the whole
thing but on bitcoin And that sounds amazing.
I need to research more of those different products.
I'm also really interested in the A2 raise or A2 developments.
I think we see so many people trying something and a lot of integrations.
I know that spark is coming
with their token standard and so on and i'm just yeah um beyond beyond um bullish on on what's coming next right um yeah but in general we're still a small space. And yeah, I think there's so much room to grow.
I mean, yeah, just as Cam said, also to touch on that,
to educate people who are new here and so on.
I mean, we are in this space since three years.
And I basically went into this space and we traded owners on spreadsheets.
So people went this course, like doing traded owners on spreadsheets so people went this
course like doing this trade spreadsheets and so on and then marketplaces came we came out with our
first mvp and then and then just a whole culture basically um created like during like six to eight
months right like this year what we had last year especially with all of those
major collections rallying like puppets like note monkeys like own bees um that's such amazing to
see that growth and also this this kind of builder builder momentum we have right of people like okay
i also see omnity in the crowd but like people
coming and saying hey um yeah there is traction bitcoin and there are people building on bitcoin
why don't i try building on bitcoin and and just to see that growth and to see people working in
this space just amazes me and makes me makes me so yes so happy about the space and i mean
yeah we we we are not done um yeah as as i said we got instant stuff out there
we are working on our apis um we got that that stuff um in the pipeline too and obviously eslik which is in the audit phase awesome then i would say um i give
the mic again to cam and let him lead again thank you so much for my ted talk thank you so much and
just something to mention we have sage joining us on on stage as he's had his hand raised for quite some time.
But something that I also just want to speak about and why I think that this industry has got so much growth.
But a lot of the tokens on Bitcoin right now, people are buying them through DEXs.
There's not a lot of, you know, Bitcoin native tokens that are being listed on CXs.
being listed on cx's and i think you know as time goes by we're going to get you know a lot more of
these these bitcoin products and their tokens listing on exchanges and the reason that i'm so
bullish on this is it's going to be a lot easier to obviously onboard normies and aren't like
onboard people that don't have exposure to the bitcoin you know defy industry and sometimes
people look at the industry and they look at how much it's growing
and they're like, okay, you know, we want to at least place some form of bet on the Bitcoin
ecosystem. What can we bet on? And when you look at, you know, Liquidium's fundamentals,
you know, Liquidium is the leading Bitcoin native lending and borrowing protocol.
Essentially, we enable users to access liquidity against ordinals, runes, BR320 tokens
without relying on bridges or wrapped assets. And just to go back to the stats, because it's
insane numbers, but over $500 million in loan volume and over 100,000 loans processed.
We are the infrastructure layer for Bitcoin DeFi and our native token is LIC.
All the fundamentals around Liquidium all lead to the Liquidium token.
And when it comes down to these daily buybacks and staking via SLIC,
I think this is where it starts to get really, really exciting.
Sage, feel free to come on stage, my friend.
Yeah, also, are come on stage, my friend.
Yeah, awesome.
Awesome.
Are you on stage?
Yeah, I'm on stage.
Awesome.
Awesome.
So thank you for accepting my request. So I wanted to ask, I was in Barbara's comment section earlier this morning where she mentioned Liquidium.
where she mentioned liquidium so i wanted to ask why did you choose to build on ruins as opposed to
building on our canes instead i mean when we look at the whole uh evolution of bitcoin defy defy i
feel like personally our canes um i don't know i just felt like our games felt like a more
um i don't know i just felt like i can smell like a more suitable choice for building but
i was i wanted to know why you chose to build on ruins instead and then i also wanted to ask
you know when we look at bitcoin defy as a whole do you see liquidium as a tipping point for
massive adoption to bitcoin defy. And what advantages does,
because we have other projects
or trying to lead or navigate the Bitcoin DeFi space.
So what advantages do Liquidium have over other projects?
Yeah, I can take on that question.
I mean, you asked two questions.
First of all, why not building on our canes um yeah we launched the token when our canes were not around um so our rune is rune
number nine two nine uh nine two nine yeah um so sub one k rune we basically etched it on the 429 in 2024.
So that's why the token itself is a Rune standard, right?
And not on IKANES.
Also, just touching on that is like, obviously, we could have launched somewhere else, right?
IKANES, we could have launched in Solana and Ethereum.
But we thought we are building on Bitcoin DeFi. We are letting people allow to use assets like runes and BRC20s and ordnodes to bore against it. So we thought,
okay, we need to build it on a rune standard first. this was the best standard out there just to be
there for the community and be like on the forefront of everything about a cans itself
and we were thinking about integrating our canes into the protocol on a protocol level itself so that people can basically borrow and lend against them their okay okay um
tokens or nfts um we didn't make any plans yet but we are good friends with the whole
whole whole oil wallet team and so on um so we are um obviously always
always looking at different strategic decisions.
One other point why we choose runes is that obviously a lot of more sexes,
they support the runes standard.
So it's easier for us to get to those sexes approach them and um yeah be there and have the token on on
various distribution layers to your second question can i see liquidium as the cornerstone
of bitcoin defy obviously i'm biased but hell yeah um i mean we look at the numbers, native Bitcoin layer one, as Cam said, over $500 million in loan rollover volume within two years, over 100,000 loans on Bitcoin layer one.
And this is just purely speaking about Bitcoin native assets. So people as of right now only borrow Bitcoin against Bitcoin native assets.
So people as of right now only borrow Bitcoin against Bitcoin native assets.
I think when we launch Liquidium 5, the new cross chain loan product with Bitcoin as its core,
we will see even more adoption because people know us from the WTF stage.
And then there will be a new influx of people knowing us coming from other ecosystems which might not know us and obviously we had the first true
bit connective protocol and it is a challenge for us but we really want to
take on the challenge to motivate other people and other builders other users to
dive into the Bitcoin ecosystem and that's where I can see us expanding into our ecosystems
as we will allow other people to borrow and lend
against native tokens on the native chains.
So for example, you provide Bitcoin and you borrow USDT
or USDT on ETH against it.
I can really see this taking off and even more place
Liquidium as the cornerstone of Bitcoin DeFi.
Obviously, this is not a one-man show.
And we need, as I'm always voicing, more people, more builders, more products.
Because in the end, as you see what's happening with ourver or Camino Finance and so on, those products,
they serve as layers, right?
But obviously, people should build on top of those different protocols, build aggregators,
build other protocols, just to grow the ecosystem as a whole.
So yes, I see us as the cornerstone.
Is the job done?
Obviously not.
And that's obviously why we are open sourcing
the RUNES framework,
why we are building APIs for other people to use,
plug into play,
where we are building an SDK for Liquidium 5
for the cross-genome product,
is that people can utilize our info and our deep liquidity
to build awesome products on top of it.
And we have multiple people or parties reaching out asking,
yeah, can we build this?
When is this ready?
When is X ready?
And yeah, this is where I see us coming into place and yeah coming into place via wallets
and via other stuff and yeah that's something we are working on on a daily and yeah I hope I could
answer your question. Thank you so much. Just also answer your question in terms of you know you said can lick be this
you know the face of you know bitcoin defy can it get that big something that we saw which was
pretty exciting is that you know we wanted the liquidium product to be a direct representation
of the the token itself lick and the reason that we're able to like, you know, capture the industry
is because of the 30% of all protocol revenue
that will go back into daily buybacks.
If Bitcoin DeFi as a concept continues to expand
and continues to grow,
by nature, the liquidium token will obviously perform
because of these buybacks.
So that's why it's like,
when it comes down to the 30% of all protocol revenue through
daily buybacks, I think this is something that's really, really exciting.
And a lot of people don't truly realize the potential that that has because it can essentially
the more that Bitcoin DeFi grows and the more people that use the product, the more the
liquidium token will flourish.
And I mean, just to obviously NFA on all of that, but just to bring it into perspective is like
having those two types of tokens at a cornerstone and seeing that Bitcoin DeFi space grow.
Yeah, I can really see the product succeed even more, right?
And be that cornerstone.
What people then do with it, it's off to the market.
But on a protocol level, we are building every day for that,
to grow the pie, to grow the pie for everyone,
and to really um serve as this
cornerstone and also be there for for other builders um who want you to build a crude stuff
on top of the critium or on top of something else um so really exciting to see that cool any other different speakers on there i think not so the ball is in your hand cam let's go
so yeah guys also something that we think has a lot of potential is i truly believe that bitcoin
defi still at the early stages and like i mentioned earlier you know when we get more
products and more tokens listing on cx's that is when you know
we believe that this is going to create huge huge shift in actually getting normies to be able to
invest into these tokens and that's why when we were we were hyping up this the spaces so much is
we saw this with liquidium and we saw this with the lick token and we said you know what if we
can get lick to you know list on more exchanges we're you know we're gonna get into that industry and we're gonna
get you know those people that are bitcoin maxis that want to you know get into the industry and
bet on the ecosystem but they're not using you know these bitcoin wallets they're mostly using
cx's and we saw this and we said okay how can we you know tap into Bitcoin wallets, they're mostly using CXs. And we saw this and we said, okay, how can we, you know,
tap into this industry?
And we realized it was actually through, you know, CX listings.
Yes, sir.
And I mean, you see that, right?
And we see, I mean, hats off to the whole Kraken team.
heads off to to um the the whole kraken team but we see um i i see those sex things as as a major
major cornerstone for people um to um yeah dive into um this this token um protocol itself right
the room protocol and what what kraken is doing um just look at the numbers of engagement and so on, how they did the whole playbook and how the CEO came and so on.
Standing behind rooms, playing with memes and so on, got all of the people exciting. perspective from a regulated tier one sex perspective is like great to see because that's
when people adopt that's when people see something and that's when people they they always come via
sexes and then obviously some of them trickle down into sexes and explore the ecosystem
to access and explore the ecosystem.
And I think what those exchanges are really big, big, big
impact or like a driver of impact
to basically get the word out there.
And I just can tell like what's Kraken is doing over there
is like just amazing to see.
Yeah, we can just gauge what's coming,
but what they're doing um with the other
um rune tokens and all of the graphics and so on is such such an amazing way to see and how to
market stuff and just wanted to mention that um i mean we all want to know when when when
it's obviously up to them but um yeah in a perfect world um i can
see all of the major runes um on on there and on multiple major exchanges it's just just the waiting
game on when they open the floodgates right so uh dog father i'm interested to hear your opinion on this. But guys, the reason that we've got everyone together today
was we would like to make the announcement.
We haven't published this absolutely anywhere.
Absolutely no one knows about it.
You guys will be the first people on the spaces to get this news.
But in the month of August,
Liquidium will be listing on a top 20 CEX.
So this is super, super exciting because we think this is
you know one of the first moves we can get to really get into that industry and we think this
is going to be an absolute game changer for the liquidium token and for the lick token
so that's extremely extremely exciting oh yes we won't we won't touch the sex yet but yeah we told you about that um obviously there's
more coming but yeah just push the adoption and and push the rune standard itself and just to
summarize right um yeah before i summarize maybe dog yeah congratulations i think that's a very right? Yeah. Before I summarize, maybe Doc.
Yeah, congratulations. I think that's a very solid move. Because at the end, it's some chicken egg game, right? I mean, if the token price is high, it's a huge high potential because people
just look at what is pumping and what is valuable. And if you're having an FDV of 20 million,
they may not take you super seriously,
even though the product may be super solid.
So a high token price may attract new users
and you need new users to generate revenues.
If you generate revenues, then you buy back tokens,
tokens go up.
So it's super important to get this flywheel getting started.
And this tax listing may be it
or any other kind of marketing you do.
But obviously having more bite buttons
in front of people is extremely helpful.
So something to also mention,
we have the founder of Liquidium.
Robin just joined the stage.
Welcome, Robin.
GMGM.
Yeah, I just wanted to come up here.
Great conversation.
And yeah, I wanted to say, obviously, this goes without saying, but we want to become,
like, we want to make runes big.
We want to make the Bitcoin space big.
I think that was already mentioned.
And one thing that we cannot do by ourselves is convince everybody
so we need your help with uh being loud on Twitter let's convince Binance to adopt rune
standard that's convinced convince OKX that's convinced Coinbase let's get all of the major
exchanges to list the runes so I think we as a community need to be loud on twitter
we need to bring the attention to runes um for the major exchanges we need to make them list
liquidium so um i'm counting on your support we we got this together thanks for that and just just
to add on what robin is essentially saying is, we actually have such a big, big family in terms of the runes and the ordinals. We don't see it as competitors. We don't see it as a competition between the different collections and projects. Instead, we want the entire industry, we want the whole of Bitcoin DeFi to just be put in the light it deserves.
industry, we want the whole of Bitcoin DeFi to just be put in the light it deserves.
And when that happens, I think, you know, people will start to realize that this is an industry
that, you know, still has so much, so much growth. And we're still at the early stages of that.
Just to go back to my comparison that I mentioned earlier to you guys about Aave, the reason that
this, you know, this excites me so much is because, you know, when Aave launched their product, it didn't, you didn't have that traction. It wasn't what it should have been on Ethereum at the time.
And to just see how Aave expanded and did so well and now has a market cap of over $6 billion on Ethereum, it is just absolutely insane.
And if you take that exact same lending infrastructure, we are doing that on Bitcoin. That is exactly what
Liquidium is doing. And when you look at how
early Bitcoin DeFi still is in both
adoption and in infrastructure,
the upside becomes pretty hard
to ignore for the whole of Bitcoin DeFi.
In hindsight, it will be obvious.
NFA.
NFA. NFA.
Yes, sir.
Yeah, as Robin said,
we will be at the forefront
for rooms for Ordinance.
And man, I'm excited.
And let's get the big dogs
in this.
And we will serve
every day for that.
Sorry. Go ahead. and we will we will we will serve every day for that and obviously sorry go ahead go ahead
no i'm i'm already done okay um did we did we already talk about how ridiculous it is
that there are over five billion dollars in rep bitcoin on ave like all of the i guess
current defy users that want to use Bitcoin as collateral,
they have to go through the tedious process of bridging their Bitcoin to Ethereum using a
centralized bridge, which is wrapped Bitcoin, and then deploying their, what was native Bitcoin once
and is now wrapped Bitcoin on Ethereum, use that as collateral on
Aave to borrow against it. Like, that is ridiculous in my opinion. It's a big market.
Let's bring the capital back to native Bitcoin. Like, we want people to hold native Bitcoin. We
want people to use native Bitcoin. We don't want to force people to use centralized bridges and operate
with their Bitcoin and other chains. So that's kind of like what we stand for at Liquidium.
Is that coming? I think so, right? I think so. Yeah, excited, excited. Yeah. As I said,
beyond excited about the whole space and what's coming with FI, that's just another case I think we touch on in other spaces going down the road.
It's just amazing to see.
Also, some use cases as like, yeah, have all of your cash in Bitcoin and just borrow USDC, USDT against it to pay for daily expenses.
Bitcoin and just borrow USDC, USDT
against it to pay for daily expenses
but basically
hedge your
position against inflation
that's just amazing
to hear. In regards
to the time, Cam
anything else or
should we bring up people to the space
to ask questions?
Yeah
So what we need from the community,
exactly back to touch on what Robin said,
is we don't need you guys, you know,
to shill lick to every single person that you know.
But what we need you to do is we need you to spread the word
about Bitcoin DeFi.
We need you to, you know,
interact with these bigger exchanges and get them,
you know, to list other collections and so on.
And as, you know, this industry starts to grow and as, grow and as you know liquidium's volume starts to go up these buybacks are going
to naturally also flow back into the lick token so back to my point earlier but liquidium lick is
liquidium's core essentially so i think that's super super exciting and in terms of august we're
going to absolutely make things happen august is going to be an insane month in terms of you know what we're actually building and what's
going on in the background and from now on every single wednesday we're actually going to be having
the spaces 6 p.m cet mark that on your calendars and we're going to be touching back keeping you
guys updated with all of the stuff that happens in the background because, you know, the team will tell you, Robin will tell you, Jay will tell you,
James will tell you that, you know, there's so much happening.
We're at work, we're making things happen,
and it's about time that, you know, the community can really, you know,
hear about everything that we're building and hear about everything that we're doing.
Amazing.
Dogfather, last but not least.
Yeah, you guys probably hate this when, when, when question, but I'm not so familiar with
this auditing process.
How long does it typically take?
So what is the range?
Do you think this is now taking longer because it's something super novel on Bitcoin?
Or is it more like because I think it's also ICP
and this is already tested, this is even faster.
So what is your expectation here, plus minus?
I can jump in here.
So we have obviously done multiple audits in the past
with that same auditor.
So we have done pure Bitcoin audits.
We have done audits that involve Bitcoin and ICP and so on and so forth.
So it's the same thing.
Again, they are very familiar with the infrastructure that we're using.
So basically, these are the top guys for that.
And usually they take, like, depending on the project size, it's between, like, two and four weeks.
We just started the audit. Everything is
signed. Everything is started. Everything is handed to them. And we should hear back from them within
like two weeks, we will get a preliminary report. And then four weeks is the total deadline for the
full audit. So basically, we should expect to have all of the results back within a month from
now. And then hopefully there are no issues that they find, which means then we can go right ahead
into launch phase. If they spot anything, we'll obviously fix it, get another review by them
to just get the approval that everything is fixed.
And then we will launch it.
So I wouldn't expect more than six months, six weeks from now.
Six months.
Let's go.
Let's go.
Next year, guys.
Next year.
Yeah, just to touch on that, good to bring up the audit again.
A lot of people ask us when when and it's always taking longer but obviously we want to do our proper dd here as we're open sourcing
as we are open sourcing that and therefore um yeah we have that um that audit going on but man
i'm excited of course i'm excited. I guess it goes without
saying, but security is one of our highest priorities at Liquidium because we're dealing
with actual funds. And I mean, sometimes crypto is regarded as monopoly money, or at least
some folks in the space really like that. But obviously, we're making sure that our security is always the top priority.
We are proud that we have done over 100,000 loans on Liquidium WTF,
and we have never had a single exploit, and we want to keep it that way.
exploit and we want to keep it that way we never want to lose customer funds so um that's why
We never want to lose customer funds.
we're just making sure that everything is rock solid before we release anything
amazing and guys we also have a new speaker that came uh barbara
i know you didn't have your hand up but you requested do you have any questions?
Okay, I guess not.
Guys, another thing to also touch on, which is pretty exciting,
but when it comes down to, you know, building on Bitcoin DeFi,
in my opinion, I think we're also going to start to see, you know,
exactly like Robin mentioned earlier, but we're going to see, you know,
the other, you know, runes start to list on these bigger exchanges.
And I think that's going to be, you know,
the next step in the industry really
starting to be where it should be.
Yes, sir.
Awesome. Awesome.
Then I would say 45 minutes.
Thank you so much for your attention.
We will be back next week covering
different topics um yeah let the lick flow and wait for s lick and that's the the best best
marketing uh you can you can um put out there but anyways thank you so much for coming um let's make
it recurrent follow the foundation account there will be much more coming
from the foundation account obviously we have the liquidium fire counter liquidium wtf account
so if you haven't already follow and get your notifications on there really happy to um yeah
also guys next week and don't forget in august Liquidium will be listing on a top 20 CEX.
You guys heard the news here first.
You've got the alpha.
So do what you want with that information.
Thank you so, so much, everybody, for tuning in.
We will see you next week, Wednesday.
And exactly like, you know, Jay said,
make sure you're following the Liquidium Foundation account.
We're going to be sending a lot of updates
regarding the Lick token there.
So you'll be the first to hear it.
Thank you so, so much, everybody.
Have an amazing Wednesday evening and take care.
Bye-bye.
