Hello everyone check sound check check Rebecca while we're getting started tell me about this lens thing what you offered a lens address the other day We're gonna wait for a couple of people to roll in and just like Talk some random rumors before we bring in the mayor the horse the situation yeah
Let's go with lens. So lens, I mean, I just know that right now they're doing like drops basically of the handles like OVD is you know think about like you know, what is the DNS you know services? Okay lenses and your protocol. I just know because it's going to be really intriguing because people are talking for a while about
this and like I just want to APN basically but right now you have to receive an invite from another person to get access to it yeah that's why I'm waiting on for my wallet and for your wallet but yeah definitely I'm gonna get Lenspurgo and dive deeper into it with our community. Doesn't it feel like things are warming
up a little bit like it's like it's coming back like we got we got new protocols hopping on board we got new games to play we got you know more bribes you know I I had like a interesting conversation last week that bribes as a security right how long is it going to take for
for as you see to crack down on bribes as a security. Okay, it's going to take some time. That's going to take for like four or five years of with a mad. Yeah, dude, this he was trying to scare me the way that you're describing bribes that's now a security and they're going to come to crack down on you. I don't like dude. We got like five, seven years before. No, stable#
started launching like US base ablecoin started launching 2018 okay what year is it right now it's 2023 and they still haven't cracked down so we got you got a five-year window guys let's uh it looks like we got you know the dude from mayor here yep I think we have everyone
But yeah, let's wait on audience, but Hello, can you hear me? Hello, yep, we can hear you. Yeah, you can call me. I'll take home by the way. My name is a take on perfect Thank you to come. Are you doing today? Thank you. Thank you. It's a good day. How are you? Pretty good enough
Can complain I'm currently in Denver, you know like anticipating if Denver so you know the weather's nice, you know people are people are building, you know, I see hackers on the floor hacking everywhere in the city, you know like it you know Pleasure, you know like so this might be my soul, you know, yeah, but they're not don't worry
They're not homeless. They have a MacBook Pro in front of them. They're not homeless. Even though you can't notice they tell the difference. The laptop will tell the difference between the hacker and the homeless. Exactly. By the way, we have another exciting person over here.
Tommy from Kava, welcome. Hey there. Hello guys. Pleasure being here. Excited for the launch and yeah. We got so many things to be excited about. Right, Alekand? Yeah, yeah. Like there are so many things.
So I'm you know Brian shilligan on this now my brain call again from afograith but I'll be Brian shilligan hat on it's not investment advice dude I even I even this morning I know so you guys did on son I kind of like didn't jump in like headfirst in the song
But now I saw what you did there and over on Veladrome and now what you're doing on equal liberate is very very exciting. So let's hop in. Please tell us what Mayor is all about. I'm super excited to hear your perspective and know why you came over. And please, Aatakan, let us know what Brian
is it into right now so it's very cool to hear you ifton to mara so mara is basically a fork of zonne so i think in order to understand what
We are doing with equilibrium. Like I think we have to first explain how we do our liquid generation event. So we are launching, actually we launched our liquid generation event yesterday and it's going for three days so there are still
two days left if you want to invest in Marri Finance's token. So it's like we gather we raise a USDC with a prom investors from community and we put 2.5 million Marri tokens beside it and
it will be the first liquidity of tokens. So right now there are 166,000 USDC raised from this liquidity generation lamp and it will be put to equilibrium. So like we will have something like 330,000
a virtual look at the pool deployed on equilibrium. So what we are doing is we have a unique way of distribution and like a bright, a bright, a bright event. So we bright equilibrium with marital concerns and
And we put our LP generated from this events on equilibria. And at the same time, we are voting like ourselves with the VNFT that has been given to us. So we are expecting to be one of the most
like how can I say top-pribor on equilibrium so that way people will vote for Maria USDC LT and we will put our LT into equilibrium and distribute every bit of
with my stakers. So, Marifinance is a landing and boring protocol in the backhand. So, you can supply or borrow tokens. You can use Quattro, for example, you have Kava and don't know what to do, but you
want to long cover, so what you can do is put 100 kawai into the protocol, borrow USDC and buy more kawai with USDC or like there are so many strategies you can do with our protocol. Basically if you want to earn interest on your USDC
or if you want to earn interest on color or if you have different strategies, you can use Mare. It's a basic landing, boring protocol, but on top of that we have this unique well, a bright reward tokenomics that we give to our stakers.
- All right. - Attack on, thank you for this. It's a lot to take for... - Yeah. - Especially who didn't play in Zone, as far as I understand, for anyone who did Vila Drone on optimism, how different Zone from Mayor?
And what the user should know. So the only difference will be we have like the NFT from initial vnfd from equilibrium that there's no like other difference than that. It's basically the same protocol but on a different chain.
I see. Also I have a couple of questions about, is it a mirror or a mirror? We are calling it a mirror, but you can't call it a mirror. It's there like... Cool. Let's call it the correct one. Yeah. Is there like a story behind the name? So we were...
thinking about the name that is short and like we can play around and Marijad like this I think it means ocean or pond in Italian and horse and
like little horse in English or seahorse maybe something like that. I don't know so our logo comes from like you can see that the ocean and like there's a seahorse on top of it so like there
There's no story, we were looking for a short name and that came to our mind and we said let's go for it like, like the better name is I think Kalamaris in our discord, where we named our like best
coming to members with that role. And like there are so many calamars in my discord so yeah I think that will be a better name. No it's cool yeah easy to remember you know like this is what we all need you know when the new thing comes in in the ecosystem or
in the web space right now. Can you tell me more in the distilled way how your economics are interesting and completely different from you guys being from for account originally how your economics are truly different?
Like, as you said, we are a compound fork in the backhand, so like for normal lenders and borrowers, we get like there's a reserve rate for every token that protocol takes from borrowers and it's generally
like 10%. For example, if you borrow like 100 USUC and your investor's $10, $1 is going to the reserves. The main difference here is generally other protocols are taking that into their treasury, but we are distributing everything.
with Stakers of Mara. So first thing is this, like a VR Southwest about this because like we only get staking rewards like 41st three months because we don't have token we get like 20% team share but after three months very
We are just taking and like we will be just getting staking reports from the protocol. So if protocolFest, we don't earn anything if protocol succeeds. We earn as much as staker. So we think it's more fair than
other protocols and the uniqueness of our thing is as I explained before. There is no other protocol that distributes these kind of LP rewards or other rewards. For example, we also apply for Colorize, I'll apply for
And we will distribute every bit of color with stickers to like we think that our community is also a team with us. So like the main difference is we are distributing everything. And the second unit where
is this bribe reward, tokenomics is, like, is haven't been done anywhere else. Everybody was like, like, farming tokens and staking tokens into the protocol and like,
trying to flywheel that way. But we think that if you are a staker of Mario, why don't you own the Varatokins as well or cover tokens from us as well? Because if we are literally a team,
We should be distributed like we are the tokens should be distributed like we are as a team if that makes sense. So yeah, and I can share some infographics under the under this Twitter space.
If that's a local source, maybe people can understand what is different about Mara Finance rather than Compal. Let me also distill it for the listener. So basically, Mara Finance is a participant of Colorize.
Meaning that the team will be receiving payouts based on the TVL growth on the chain and the team decided to keep redistributing the incentives moving forward from the cover rise program. So that's great to know. I think that's another way how you can sustain the
second how you can sustain the users and let them still be involved in the protocol. By the way let me make you co-host and if you want to pin anything to the Twitter space please feel free. Kiroukina please make Atakan also co-host
Yeah, what we're doing that. Hey, I'm interested in the pairs that you're going to launch with and kind of like a little bit around the different tokens that you're going to, you know, because we've seen some things in the past with like Rari and Contagents, like how do you guys analyze the
tokens that you do accept as collateral. So in the past, like with Zon maybe always looped to liquidity for ease of liquidations, and if that's
If that token has a chain price feed and if that token has a good history behind it. So in Kawa we are looking for Vietnam oracles because it's the best oracle
to use Kava at least for us from our perspective. There's no, like there's not a very good liquidity for now, but we believe that equilibrium will have it, so we passed that.
The third one is a good history, so probably we will use USD/USD/USD CMD because they have good because they own care for now on Kava. And we cannot be USD to that.
we will add color as the main token because if you don't add color why are you launching on color like we think it's easy as that and probably we will
to one or two more World Out tokens. Maybe it can be B&B, maybe it can be WTC or WEAT. We will see. It's not concluded but the first five is granted.
Got it. And then in terms of like this LG E can explain to people what LG E is and like what's going on today. And I have a lot of you go. I don't even know how long it goes. It's a last three days. So we are almost finishing the first day.
So what happens is generally protocols line with pre-sale or similar things like that, but we think that the fairest way, the most fair way to line to token is liquid jenjshinima, because like there is no token price, investors
decided, community decided how much they must will decide the token price and they will get rewarded based on their based on their deposits on liquid management. So what happens is we deploy
like 2.5 million maria tokens to one site of LP and ComonTM investors put as much as they want USDC into the one site so right now I think they are
like 166,000 USDC, erase that amount. So what happens is we will put 2.5 million RMB and 166,000 USDC into LP, into
So what happens sir? Sir a recent update recent update. It's now 171. Oh, that's a great now. Not once. Cool. Like then one 170,000 followers and we will put that into the app
So what happened is we generated liquidity. Similar to pre-sale, but we don't have to decide the price of the token. Comments decide that we don't have any control over the price of the token.
the price discovery or like craving etc. We will just put them put the liquidity call into the equilibrium. We will look at it for six months so we can make sure that there is a good enough liquidity for the initial stage of the protocol.
So not only and then after the six months depending upon where the pool is at would you get that return to you or how does that work? So it will get get's returned to multiple think about fear So for example in Zona we will have a government sports so the
same will happen in Mara as well. We will make a governance vote, we will create governance on Kavatsu or Mara too. So, community and like generally, stakers will have the voting power, so stakers of Mara will decide what happens with the pool.
If we continue to look on equilibria or maybe there will be a better protocol to put LP on. In the future we don't know, but we don't decide by ourselves. The stakers will decide about that LP's future.
Got it. So you've got we so just a kind of like round numbers here you have 2.5 million bar a and Let's just say if it was 2.5 million dollars, right? Yeah, a dollar per bar. Yeah, yes, sure All right, so we're so we're aiming like my right let's aim for 250
$8,000 USD/C so it can send per moray token. That would be correct. That would be correct, yes sir. Actually, our expectations were like 100,000 followers, similar to Zona but like we passed Veybe on that. In the first day, in the first
for hours like it's crazy. Alright, cool. So now we have that there and then let's let's so if I invest, I think there's a 28% discount or 28% something like that. Yeah. So I am, I am, I am, I am, I am 10k that
I would get 12,800 and in tokens. And Maray tokens back. Like, yes, but not exactly because like only 50% are on not in the initial stage. So you will get something like
6,400 words of Mario tokens in the beginning and the other health will be given to you within a year, over a year. You will be able to claim those tokens from the protocol.
And then I can choose to stake them or restake them. Yeah, you play all the day by yourself. Yeah, you can do whatever you want with them. So you can sell, you can buy, you can stake, be all-spersed, encourage people to stake, try to encourage people to stake, but it's a free game. So we cannot do that. So yeah.
Can I lend them? We don't think Mario Tokens will be a good quarter for the first stages. Actually, we don't think it will be a good quarter because it is the token of the protocol and we are against that
like potential bad risky tokens that can affect the you know that can create bad bad for the protocol we don't want that and in the past like there were so many so many learning protocols that got exploited like I am saying that exploited with a like different
because like they would be in my I stay weren't exploited they just like it was like obvious and Like if people Maria as Quattro or as landable asset in Maria, we will just get an exploitser. So yeah, we don't want to
put any assets of the suppliers to danger because like if they don't feel safe like the protocol has no meaning. Okay, so question on this compound and Ave don't do this. They put their tokens there right? Yes sir.
Is it because compound is more secure and established talking? That's why they do it? Yeah, probably. They have pretty good liquidity. Two, three years of history and maybe all the centralized exchanges have them.
like all the sexes, all the deaths, like Ethereum, so they're pretty good, but we will still advise against those tokens as well, like people. I think it's like, you know the saying that
Sometimes liquidity markers, the markets or landing-rolling protocols can be used as all TC deals with discounts. For example, if the C factor of a token is 50%,
and let's say you have like two million dollars of it you can just borrow one million dollar and like begun like don't pay your interest or like anything just take one million dollar and begun and we think that there are many prototypes
because copying that, maybe they want to have a look at it. I think it's not a very wise decision, but they had it so. But maybe they don't better than me. I don't know.
like their creators of these protocols and we are like we are basically copying and improving them so maybe they probably they know better than me but I think that's not a wide decision to have your token listed as Quattro and I think maker is
I am very, very against that proposal. I don't know if you follow makers' last proposal, but they were doing similar things. And I am very against it. It's not wise, in my opinion.
Yeah, we're gonna see how it will play out also with Maker. I personally wasn't really following what was going on there, but he's not Maker's Maker. So, you know, they will still kind of like figure it out. I also wanted to ask you because not like, so just to distill about liquid generation events,
I obtained yesterday as a user, but basically, as far as I understand, people still have six days to contribute to a generation event through basically depositing a user DC, getting some more as well, and basically going through the whole cycle with equilibrium.
When you guys are you guys completely fully launched on equilibrium ready? Like we are just generating our liquidity and we will put this like two days later The day after tomorrow and it will last for like three days. So two days left
So basically, right now, the user who apes in within the six days is getting a really good price. This is talking at the right. This is three days, man.
three days right? Oh yeah I keep forgetting. I'm not probably not probably not probably. Guys yeah it's February. We actually there's a meme about that like we first wrote that we are going to go
like Nick and James, you know, starts from 26th February to 29th February and we realized that there's no 29th February in this year. Yeah, so like, yeah, it happens to all of us.
What happens after I'm a user, I contribute to the Liquid Generation event, you guys launching in a couple of days after the event is over, what happens next to my Magic Beans? We start in centralization of supply and poro sites with Marito
as stated in the documentation of ours. It's predetermined. Everything is predetermined. So, if you go to docs.mare.finance and click on our rewards, emissions and bribes, you can see
are distribution like emission schedule, how we distribute everything like a per month emission or they landing or they bribes per day, borrower day, everything is pretty determined. So we will start incentivize landing and borrower
inside we also will bribe equilibrium with mario tokens so that way we can get a good share of votes and yeah that will start and like in my in my perspective from my perspective you
you're targeting with this rate of liquid transition amount right now it looks like it will reach 200k or maybe 200k and with that's because race I think we can target like 10 to 50 million TBL on Mariffinance but these are of course
like my targets, my predictions, it can be lower, it can be higher, we don't know about it. Maybe like there's some bad potential scenarios as well, like maybe all of the LG, LG depositors build
dump all the tokens they get from like Mara and that will be of course a bad scenario but from like can it be like avoidable or mitigated like we we think that if you are depositing to LG you're here for the long term because like there's one year
West in Tokens, so we think that that won't happen, of course, like in an ideal world in theory that won't happen, but it can happen, but even though, like even that's the case, we still have at least two-thirds of liquidity on equilibrium, so it won't
that's bad. Also potential bad scenario will be like those we will incentivize with these huge yields like you will see at lunch you will see that like USEC, CISO, play APR like 100
100,000 percent or 10,000 percent like something like that because like Movan deposit yet so people will leave of course But the bad scenario can be People will be lazy to bridge to color be of course
encourage people to bridge and with yield of course yield will encourage them to bridge but it can happen but we are like we think that it's going good and we are optimistic about it like I think we can we can
We can reach 10 to 15 million TBL in maybe 1 week or 2 weeks. At least it's my prediction.
And I'm curious do you base your prediction based on how the success rate was with Zoni? Yeah, like for Zoni and like I've been in a B5 for like since B5 started with eats by some
So I've been like I ate too many protocols, like so too many protocols going bad, going good and like it's from experience.
not just one but Zona was similar to that
Also, I don't Brian. Yeah, go ahead. A couple questions. I love getting into the nitty gritty of the tokenomics. And so with Maurei, it seems like there's two or three different types of
of real yield revenue. Like one is from Varan equilibrium. Yeah. If I, if I stake, yeah. Um, and then you have like airdrops and other liquidity incentives. If I stake, yes. Uh, yes.
from like I'm just like you know going through your documentation and then the third one is revenue that's generated from the borrowing and lending if I stake Mara I also earned returns yes there is lesser all right so you got three week ways to make money by by stack
Yes, Kava, Veda and Mara or USC severe also like we made shaking in a way that if you want if you want compounded Mara you can say all
But if you want just like weekly stablecoin returns you can just stay on you mara where you get uscc as you work instead of mara so yeah you will get three different revenue from state
Okay, so that's really interesting. So you could say, hey, I just want the stables. I want real yield or hey, I want to I want to double down. I want to calm down. Yeah, yeah. And then very cool. I didn't know that. Do you do that on the Sony? Yeah, yeah.
I didn't know that. See, this is why we have discourse, man. We find out things about you. You find out things about us. And we get to learn about each other. We get to learn about each other's protocols and how to make some
some token together. Yes sir. We put my token and you're token into a pool and we all make more token. Yes sir. Awesome.
I've got a question about the LG E. So what is the risk of loss of the principle? Because you're locking up USDC for a year. But is there any risk around the loss of the principle there?
So the risk is like as I explained a little bit bad scenario before like we will distribute Mario tokens to people and we'll have like liquidity and there will be probably not much more liquidity that
our protocol has so people can dump Mario tokens from the start that's the that's the best scenario first that didn't happen with Sony actually pumped like five packs in the first day so I don't know what happens but like
potentially very unlikely about potentially people can dump Mario token so Mario price go down and if you hear that it will go more down and you sell you just like you lose some of your
some of your net worth I can say but if like price stays stable for a year of course it won't stay stable it can go up it can go down but if price stays stable you will have and if you stay in the first
If you deposit in the first day of LG you will have 40% more than what you deposited to the LG. So like initial thing starts from like 4th person up so if price they stable you
you'll get 40% more from your investment but of course it's like it's never stable so there are always risks and investments so because of that we didn't want to put price on a token like if we went for a pre sale
and said that hey we are selling mario tokens for 0.01 and we are like selling 100 mario at lunch and if if like token price domes then people will call us like
Why did you do this? Why did you do that? In this case, we are not doing anything to determine the price. Comments and investors are doing that. We want to build, but we don't want to bet on price if that makes sense.
Yeah, it does. So to clarify the USDC that you put up that's locked for a year after you put that USDC up, do you still own that USDC in the pool? No, no, no. You are getting Mario tokens a bit
those USTC deposits and one year 50% on-mok's in initial stage like in the launch after the ag finishes and the other 50% will be on-moked over a year.
Okay, gotcha. So you're not earning rewards for being LP in that pool with the initial USTC.
Yes, yes, yes, but you are getting a tea rewards with marital cons so if you take your first chunk of 50% to the protocol you will get
like alky rewards from equilibria as well. So like actually you are getting similar to what you deposited at least for like first one month, two months because like
Because of the emission rates of ours. Okay. Okay. Got it. Got it. So you would have you need to stake the the initially unlocked Mari to earn LP rewards. Yes, sir. Yes. That's great. Got it.
Can I paint the darkest scenario and then like we kind of like work our way back? Okay, okay, so I told that Tommy someone was coming to my house with my for like, sorry
So here's a darkest scenario, right? Everybody on the air drop of equilibrium and everybody that gets like air dropped, Maurey and everybody that kind of goes into the LGE event with Maurey and equilibrium, all dumb, the liquidity partners
on equilibrium. They just take their token somehow and figure out how to unlock the V and everybody dumps. This flywheel doesn't work. So the game here is, Mari has to produce more revenue coming from equilibrium and more revenue from their
loans or more new token buyers than how much they admit. That's the balance of the three kind of things, right? So you have like three ways to earn. Yeah. And the promise is like, if you stake Mare, you get three ways to earn. Now there's also like three ways to lose a bunch of people dump
at the same time. But if a bunch of people dump, then the interest rate should drastically go up and the staking pool. So you have this balance between the API and APR that's earned by StakingMare versus how many people are dumping. So there's like three or four different mechanics.
going on. And then plus in your tokenomics you have the bribe. So as long as equilibrium is successful and your bribe and equilibrium then Mari should have a very positive feedback loop. So you have to have a bunch of the initial Mari people to dump. You have to have equilibrium fail.
and you have to have, you know, maybe some exploit or everybody's just like, "Hey, I'm out and a big giant scare of people running away." But otherwise, this flywheel worked on velodrome and it worked with Zone, and I'm super excited to be a part of it. But there are risks. Like, this isn't, you know, high-risk hybrid work.
right? Like there's all kinds of risks here. Yes sir. Like I would call it medium to higher risk higher work because like I think you've all this better than the risk here but yeah that can happen like equilibria might not succeed but like in the past like Zonem was like
So it's on a bump to 0.016 or something like that. It pumped 20x from that to this day. But at that time, the state in the APR was like 200%, 180% or something like that because like--
Because even if people don't, then taking rewards go up per state's own or at that case, if that makes sense. So let's say if all the people don't and price tanked like 50%
That will be the case because around 2.5 million will be distributed with air drops and liquid generation and heavywards. So if everyone dumps our price dumps 50% but even then we will still be brightening, varian farming
probably most were out there. So equilibria also had to fail and like everybody like maybe won't bridge to cover that can happen too but even if like there are so many things
should go about at the same time for Maria to be unsuccessful. Like maybe one of them can happen of course maybe people dance I don't know I don't think so it's gonna happen with Zona but maybe maybe people dance or maybe it could be refills or maybe
as you said, the other protocols don't want to bring liquidity. I don't know, but it's not as unlikely that... I think it's unlikely that the other way around is more likely...
I don't know if I'm right. You're totally making sense. You have a proven track record. You kind of like talked to the point when Zone dumped like to its lowest point, you had like 200, 250% APR, APY on it. Right? So the mechanisms of yield generation should
the token price to some sort of equilibrium, whatever the beta. Yes. And so the beta, the beta of the governance token is not yet to be discovered. But you know, we have been did some modeling on other decks is and you know, when the on osmosis in particular, and you know, the beta of any pool was like around 120%
A lot more people were going to ape in the pool and the volume and the value was going to go up. So there's always this equilibrium between APR, expected return on value and whatever like the, so what's the, let's call if we wanted
go and look at song. What's the beta on song right now? Like if we call that the beta, like what's on the staking rewards, what are you looking at right now? 28% yes, I see. Cool. So if you look at that and call that beta, anytime that your APR rewards are at 100% or 200% you can almost
Exactly. And so there becomes this this this pressure and D genes and and you know money follows money and money always wants more yield. So alpha always returns the banal. Yes, sir. Yes. And if like taking APR goes down, but the the best thing is even if like a
Saking the APR going down indicates that price is going up and the cool thing about our tokenomics is when price goes up we can drive with higher values and we can get more votes so the APR will follow the next week. For example, last week like our APR
APR was 16% and everybody was asking that why APR is this low, taking APR is this low. We basically just said that the APR will follow a one big behind the token price because like we are
It takes time for people to see the yields on land in young boring sites or it takes time. It takes one week to bribe like voters to vote for
or L people and like if price goes up and staking the API goes down the cool thing is like momic later is to go up again like the staking API will go up but if price goes down staking the API will just go up like I think I
I think you're very proud of our tokenomics. It's designed in a way that it prevents people from dumping huge chunks because somebody else will buy it. The only potential bets, very, very
bad case scenario is price dumping like 1% or like 0.5% every day. It's the worst case scenario for us. If it comes to 25% it doesn't bother us because like taking the API just goes up so much that
people will just bite but if it goes down almost continuously with like small percentages that's the very bad case scenario for us. It's a totally good game three ways to earn our
We're going to open it up to questions. Everybody else has a question out in the audience. Feel free to raise your hand, come and speak. Before we do that, we want to lovely questions that we like to ask. Is there anything that we didn't ask you yet that you wish you should have asked you?
This is one of the coolest AMAs I have been into. And yeah, I think I never discussed some of the, like, some things that I discussed here before. So yeah, I think it was pretty good. So I can take questions from audience if they want to.
I think it's super important about this. This is a new type of game. I don't even know if there's any YouTube reviews or deep dive breakdowns of the game that you have on Bell of the right now. It's huge.
guys and yeah yeah I've seen it. Yeah like it's this is a you guys are reinventing like different like financial primitives and it's not it's not easy to grok it's not like this isn't stuff that you're gonna learn in like grade school or even like
Masters degree classes. This is like new form of financial primitives that not a lot of people understand. So I kind of understand some of it, but like really trying to get into like get that exposure out there of like, hey, here's three ways to earn. Here's a couple different games. Okay, what are our risks?
what our rewards are. That's what we try to do here. Yes, sir. I think maybe what you said makes us more crowd, but in our eyes, it's actually a little bit simpler. I will say, if you distribute all the rewards
towards your token holders with the case, I think it will end up something like that no matter what. Other protocols are just getting the huge share, huge chunk of pie.
But you are distributing everything so if you're a launcher protocol and distribute everything it's your token others or takers you will just be Like successful or at least more successful than your competitors, I would say so
The idea of ours was not to do this strategy, but the idea, the starting, initial idea was very simple. The common things are team as well because they will do sometimes memes or education.
like, like, you know, mouth mouth, marketing, etc. Like they're there, they're a team like, like we have maybe not a marketing manager in our core team, but maybe not a marketing manager in our core team, but maybe not a marketing manager in our core team, but maybe not a marketing manager in our core team, but maybe not a marketing manager in our core team, but maybe not a marketing manager in our core team, but maybe not#
there are maybe like 10 to 15 marketers in our team if that makes sense. So because they they are something like a team we want to like reward them as well like if you are a token holder and if you think that
You want to do something with the token, you should get rewarded and that is the reward. So the initial idea was just to distribute everything with stakers and the others just came to our mind after that.
It's a busy man. It's game I'm excited to play. I you know my petty bags I aped in a little bit to join in on the fun and but I'm doing what I can and let's get the word out there about you and excited to have you on Kava. I mean I think that's
I think one of the most interesting aspects of this is that that Kala is going to stand behind you and your protocol and for every, you know, for every TBL dollar, you're also going to get incentivized by the chain. So I think there's that have you have, have you seen kind of other chains doing stuff like this in the past?
or in the what your thoughts on kaba in the past there was a similar thing on phantom but like they ended up not paying to protocols or something like that so that kind of hurts the rip
It was a very cool incentivization for protocols and after that many protocols came to Phantom happy client. On optimism there is retroactive funding or governance thing.
But on Kawa, I think it's the most direct one. You get TVL, you get rewards. And it's the-- how can I say-- the easier that is the more exitement that it brings.
Sometimes my English fails me, so I cannot choose the best for the schedule. I am curious. What are you going to do with your rewards? LAMBO? Of course. We have the serial numbers. We have the serial numbers.
Seriously, you're going to pile it back into the, to the, to the, to the staking the Mara Staking. Yes, they're always, always. Dang. You got to pop that, that TBL, that APR. All right. So,
4 ways to earn now. You got on the stake in pool. You got a third. Actually still 3. I don't know what's the fourth one. Like Kamal, Vara and okay, Mara. Oh maybe like USCCP.
But USDC is very similar to Mara. So like if you if you stay con use only you get USDC, Varan and cover if you stay con S Mara you will get
Marekava and Vara. Like there are so many tokens that sometimes my have first... oh, from... yeah. Yeah. Alright, alright. Here's what I got.
revenue from borrowing and lending. Yes, sir. That's long. That goes back to the stakers. That's number one. The equilibrium of our flywheel. Yes, sir. Vara goes back to stakers as of
Okay, and your tokenomics you also have you're gonna have more distribution of rewards and liquidity incentives back to the stakers.
Like maybe I said yes to that question, but maybe I'm not understanding it correctly. Can you, if you can refer to it? Yeah, so in your tokenomics you have that you're going to
give rewards and community air drops to and stone stakers. Oh yeah, yeah, yeah, yeah, yeah, extra extra Mario earlier drops for the stakers. Yes, yes, yes, yes, sir. And now you have Kava that's for us. Yes, sir. Yes, yes, yes.
It's four ways to earn when you stake. All right. I'm in. Yes, sir. All right. Cool. I got more questions. I should.
I do have a question, but I just want to remind listeners that we do still have a couple of minutes to throw any questions about lending and borrowing on the near finance or any other questions you would like to ask us as well.
Alright, but please, you know, request to speak if you have a question. I just have like one question that I want to leave you guys, Brian, tell me and you have to come. It's like, why do we need the indexes and what the indexes
and your fly will engage more that what does it do to the chain, what does it do to the project? So, BE Dexos are like
I think they are very important, but they are like any other dexas. It's not essential, but it's
It's, how can I say, the importance of them is like they need to be very close to other protocols. For example,
In our zone of launch, we don't have to talk with OP labs. We just talked with Bill Dron and they bridged us like two other protocols as the other discourse. They connected us with different protocols or they even connected us with OP labs.
as well. So would you say that it was also business development flywheel? Yes, yes. They are the same essentially. Different economics but in the end you just swap.
If equilibrium succeeds, they will be something like proxy co-leps for D5 because they are bringing for example liquid driver, beefy, etc. There's a good communication in their discord as well. There's a project channel
and we can talk other projects in their discord as well and they bridge community like I think the biggest plus is like this communication effect yeah thank you for those yeah
I'll throw my hat in the ring here. The Uniswap V2 forks have kind of been played out, right? We understand where that game goes. One of the issues behind the Uniswap V2, especially around like sushi was that all of the emissions and how much of
missions were going to be were behind closed doors. So like sushi and the gauge wasn't public. And so on a lot of V2 forks the gauge isn't set in stone. The deals are made behind closed doors. We don't know exactly how much the foundation is being bribed by
getting incentives within a VE like 3 3 VE everything is out yes everything is out and transparent all of the mechanics are there all like do I try to do an OTC with the VoloDrome guys and they're like no I try to do a like an OTC deal with like equalizer and and
We're going to be helping out in grid labor, so thankfully they're going to get a small check into equal liberate, but it's all going right back into bribes. Effectively, it's all public. Because it's all public and all transparent, you know exactly where the admissions are going, and you can calculate your risk.
at a level that you're comfortable with, right? So there's a couple things and I know I used to work with Michael from Curve and the biggest thing that these Dexes and the VE Dexes have are the bribes and the bribes basically are like
a marketing program for a token. So if you want your token exposed to a larger DGN audience, all you have to do is bribe your pool and it becomes a marketing engine for your token project, for your community. And that is really what the flywheel is all about, right? Yes, there's emissions.
Yes, there's like these different things they could do, but really the bribe is a marketing aspect. And when when curved it is like all these other stable coins that came along, like you had to be on curve and you had to rise if you wanted the attention of whales. So it became this forcing function. And just like that,
You know, Marae, Equilibre, the the the bribing function it's going to start to become this magnet of all of the liquidity within the coffee ecosystem. So any project that's launching like any token project that's unexpectedly like you go on there, you bribe, it starts to flywheel, you you talk to Marien say, hey, love
We have $100 million market cap now. This is how many holders we have. Let's get listed on your money market and you're like, "No, no, no, no, no." And then you're like, "Okay, fine. You've made it through the threshold. We're going to list you." And then there's more utility. So it starts to become this game where that's in public.
in Transparent that anybody can now see the entire mechanism play out. And it's fair. Yeah, exactly. I was like, I think you're like 100% correct. I was going to add that like Vanu lunch like Van there's a
new protocol launches, I can see it on like equilibrium or like middle drum like if there's a protocol launches on Optimism I can check that on bell drum like and I'm sometimes checking bell drum just to see if there's a new protocol launching so it's also like as you said as in
curve as in Velodrome, it's also acts like marketing machine or TV that you can monitor if there's a new protocol or not, how much that protocol is driving. For example, this week we brought like 60k
to Vell's ROM, $60K. And it means that like we are a top-river for now and it means that everybody using Vell's ROM build see a Zone, driving that much and they will probably most probably check Zone. So it's the same as equilibrium
in this case, if there's a big bribe on equilibra and if somebody wants to see what protocol is doing Prudornaut, how are they doing, like if the community is active, if the protocol is developing, they will just check equilibra and
they will see that huge bribe and they will say, "Oh, that project bribe for, let's say, $3k, what is that?" I'm going to check their Twitter, we'll check their website, etc. So yeah, it's like so many things that is good for me there.
But I still think it's the most important thing for like the bridging communication and This marketing thing like more than the tokenomics or like Like this good luck and govern tokenomics or well
This communication effect on marketing effect is the most important for both equilibria and for cover chain in general. So yeah, they're very important. I said that they're not essential but I'm starting to think that maybe
they are essential I don't know like yeah because like if they are if they are active and developing young succeed in a chain that chain will probably also succeed in the like upcoming future 100% Otacon this has been
and rad dude, I really appreciate your time. I got a bounce to another call, I'm actually late. Thank you. It was so interesting and we were in over. So thank you so much and I can't wait to talk to you later about some other game mechanics and thank you so much for your time. Like us here. Thank you, Othekhan. Bye bye. Good bye, good bye everyone.