I want you to put your head back up and just move your hips.
We've been all the time searching for love
You gotta stay on your tail hoping You gotta get on it, I'll take a nap Give it all you got, oh, they don't buy you a skirt and keep the fire burning, keep the burning heart You gotta stop doing nothing
You gotta get it all your best You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the fire burning, get the burning fire You gotta get the burning fire, you gotta get the burning#
All right. Yeah. Thank you. Thank you for all you. Ain't no fob burning.
All right, let's keep the fire burning. Thank you very much volume and welcome everybody to Volumes and we're volume.finance and volume files weekly Twitter
spaces where we are covering most of the exciting innovations in the DFI space as well as in the cross-chain space as well as in of course the Paloma space and we are here today on May 10th 2023 and
And it's Mean Coin season, it's Innovation season and we are so happy to have the Carbon Dex and Banquet team with us here today. Rick, are you here? I am, can you hear me okay? I can hear you copy, copy, we copy you fine and Jen, are you here?
I am as well. How is my volume? It's great. Copy, copy. All right. So again, so super excited. And this is the beginning of a number of awesome events we have coming up. You know, we see you balancer and hey, curved on you're not going to get away again. So we are very, very excited.
to have the carbon decks team here with us. Let's just tell a little bit about volume. Okay, remember everybody. First of all, before we go forward, we want to say thank you for all the community members that are showing up. We want to thank the volume five community members. We want to thank the Paloma community members that are here. We also want to thank the carbon decks and Vanquare community members that are here as well.
And for folks that came off Twitter, great to have you here. This is an exciting and just an amazing time to be part of this experience as carbon decks and we're going to jump into it. So and who are we at volume? We are volume.finance and our goal is to make your private
So we're a Cosmos SDK project that is below the chain. And of course, we want to be able to execute automated trade activity on carbon index. So the reason why we are very intrigued about this is that we are going to be able to
is that we have volume want to build on carbon and we want to build some of the automation functionality that will make carbon even awesomers. So how better to do it than to start talking about carbon decks, start like getting deep into it and saying, hey, how does this work so that as we have volume continue to build and target this as a build target, we can
share a lot of new things that you can experience with it. So this Twitter space is going to be our core carbon decks and we're going to cover this in the next 25 minutes. So I think what I'm going to do is I'm going to say, hey, let's start off not even know who volume is and volume is working on Pulumma
about carbon decks and what it is. So Rick, you want to kick us off and introduce us to carbon? Yeah, sure. So as most of the call may or may not know, Bangkok was the originator of the initial AMM design that you're calling mostly.
by today. Yeah. What carbon is more than anything is what we see is the next evolution of where decentralized exchanges are going to go. There's a lot of challenges that come with AMMs that have historically been there and we just see carbon with its ability to have true range trading ability
on chain, limit orders, truly being able on time, and then automating this shifting of liquidity between two strategies is just groundbreaking. And I think it's going to help bring a lot more, I would say, opportunity to defy as a whole, not just for those that are trading on the rise exchange, that want to get to tokens and maybe want listed, but also
for everyday users having an easy way now to start trading these assets. This is amazing. We would be here at an up in Fibancore. We are not going to be in the future because of what's happening with
carbon. So I accidentally called carbon and AMM and you corrected me and I was like, "Okay, I was corrected." I felt like the two year old was like, "I thought it was, but you know, I get, you know, from reading and I've read the documentation, I first started about carbon and lobsters and Ivan's group. So I have been looking at carbon for a while. This is not, you know, it just isn#
like, oh my god, we reached out. And so, you know, we say that carbon is not quite an AMM. It's not quite an art book and not quite a trading bot. So what exactly is it? Sure, I didn't. You want to take this one? Sure. I think, you know, it's kind of nuanced. It depends on who you're really talking to and you can kind of see
it from different ways, right? I think the major differences between carbon and a traditional AMM is really the fact that orders are self reversing in AMMs, whether it be constant product or concentrated liquidity, there's that risk of the reversible trades, right?
That's probably in my opinion the greatest difference is that there isn't that inherent risk. I also think it's the fact that with constant product AMMs, users liquidity providers really have zero control of when their liquidity is being traded.
a little bit of ground with the concentrated liquidity model. Users, liquidity providers have a little bit more control. They can provide liquidity to a certain range. But they're also relying on fees in both models. They're hoping that these trading fees that they're earning outweigh these risks that you see
within the constant product and still concentrated liquidity models. And this is vastly different on carbon. So there is no self reversing. There are no reversible orders. They are strictly one directional limit and/or range orders. And you don't have the risk of the sandwich
attacks. You know, this is something that has been, I think I was looking it up yesterday. I don't know if you guys are familiar with egg and thigh, but I think this month alone the last like 30 days on Ethereum, it was almost nine million dollars, you know, that was resulting in sandwich attacks and that's huge. And so with carbon,
It is just naturally resistant because of the way that it's been developed designed to not open users to these MEV sandwich attack risks. And Rick, if you have anything you want to add in here, please jump in. Yeah, I think the the mev resistance of it is a big indicator.
is a big advantage to me as well when someone who, if you're trading microcaps or living on uniswap because your smaller projects aren't on the centralized exchanges yet, then you're always subject to that manipulation and carbon all but eliminates that as far as the sandwich techs go. Okay. All right. So we're going to talk about NEV and sandwich
tax, but I'm going to come back a little bit, Jen and Rick. So let's go back a little bit before to talk about the state of AMMs today. So we talked about constant part AMMs, the granddaddy of all AMMs of which, Banquero, we essentially found it. And when we talk about the
risks to LPs, we talk about impermanent loss, right? So impermanent loss loss is highest on constant product. And then of course, ILs tend to be the whole goal of concentrated liquidity was that you can manage your IL exposure by essentially having to establish a
a range of ticks in which your liquidity would be placed. So essentially, the distribution of liquidity would be an aggregate of the distribution of range orders across the curve, across the distribution, though,
versus say, you know, a straight line. Now, are we saying then that carbon sort of lowers this impermanent loss risk exposure? And is there particular function and feature of carbon that does that that, you know, is the new innovation? And could you speak to that a little bit? And then we'll talk about
You know, MEV, MEP, POOL type, you know, activity and protection. Yeah, sure. So I can give a what I consider a kind of garden style answer that I think most people probably would understand and then Jim was to elaborate and that's always great, but they're or so in Clark and you actually have two independent bonding curves one for each of the ranges
that you may set up and what's unique is that on carbon when you set up a strategy you're actually the maker and when you set up your strategies and then that gets solicited across the chain and ultimately someone comes and takes that but it's taking it only at the prices that you list it for. So as opposed to a traditional bonding curve where you're
setting up a price that again can have slippage going one way or the other. The maker side, you're setting up the very specific prices that you're willing to let your assets go for. And then if the market doesn't have a taker, this will take those assets at that price, then they just do nothing. Whereas opposed, like we're talking about a contrary liquidity, it may go back and forth because the AMM has control of those funds.
Okay, so is it just to make sure I let me reflect my understanding. So I get to so whereas in concentrated liquidity, I schedule a range of prices in this new model, I schedule specific ticks for my liquidity, right? So is it that yeah, I can elaborate.
I want to add to the impermanent loss topic really quickly. I think a lot of us think of impermanent loss a few different ways, but I think really it's your performance. What would your portfolio be if you had done nothing? How does it compare to that HODL position? So when you look at creating a strategy on carbon,
If you're not creating a successful strategy, then you can consider whatever that difference is to be in permanent loss. The main difference is that the user has 100% freedom to create this strategy and to say when their tokens are being treated. It isn't done, you know, automatically
with these reversible trades the way that the AMM is designed at the moment. This is something different where the user can say this is where I want to trade and if it's not successful then they can go back, they can re-strategize, look at how they can improve their strategy and they can adjust those parameters accordingly.
You know, it's really comes down to what would it be? What would my portfolio be if I had done nothing? So there isn't that sense, you know, the impermanent loss, but it's at the discussion of the user. They have the ability to say, this is, this is where I want to be trading. It isn't something that's just decided for them. And I think
That's the major difference here. Okay, so this is. All right, we're getting hot. Thank you Jen Ricky, were you jumping in? I was saying that was a really good clarification that Jen made. Okay, so I'm going to jump Jen I'm coming after you. All right, so just to be clear, let's reflect again here. What we're seeing is that we are, you know,
So in the constant product, so constant product is the leziest AMM model ever. As an LP, you just sit your fat butt there and you just say, "Oh, listen, here's my tokens. Have at it. Call me in the morning when I see fees." We have concentrated liquidity, which is like, every day you've got to move. If you're out of range,
your in-premise loss, you screw it, you don't get fees, you screw it, get in there, get in there, it's like a lot of work, right? If you're going to be, you literally have to be a professional market maker to manage concentrated liquidity. Are you saying that this is another way where we've shifted costs back onto the LP where they have to do some little act
management, but this active management is different as opposed to concentrated liquidity management. This is strategies and these strategies, they seem to be a little more, what's the word we can say, hey, strategies with carbon are much easier than concentrated liquidity tracking and
and updating because it's because the trends aren't reversible is what I would say. If you don't mind me jumping in. Yeah, yeah, yeah, yeah. So when you create a range or you know you provide liquidity within a range and a concentrated liquidity model, right? Like you were saying you really have to be on top of it.
If you want to update your position you have to withdraw you recreate that position. Right. That's right. It's tedious. It's time consuming. It's costly. Right. Whereas on carbon, these trades aren't reversing. So this is something where you can say, you know what, if I want to set this range, I want to buy ETH. Let's say between, I don't know.
I haven't been watching. Let's say between 1700, I want to start buying down to 1500. That's it. That's where you are buying your Ethereum, right? And if you want to turn around and sell from 2200 up to 2400, then you can set that range. You don't have to constantly update the
is if you don't want to and if you do, carbon offers users the option to adjust it on the fly, it's not something you don't have to withdraw that liquidity. - So that's huge. Okay, I just wanna jump in there because that's big, right? Because if you're saying, I do not have to withdraw liquidity, you just told me I saved gas.
And creating a position on Uniswap V3 is not cheap. And what we found is that the more you move positions and ranges in Uniswap, all your gains essentially go away because they get consumed with gas. So sometimes it's best to just create a wide range and then forget about it. And then you're back to constant
product AMM again. But you're saying that you don't have to do that. So I just want to jump in there. You see that that's a cost savings. Okay, hold on a second. Let's take a breath. Is there really listening? Rick, why aren't you jumping up and down? Who clapping? This is like
like this is a shadowing change here. There's so many elements that are I would say beneficial to carbon compared to traditional AMM designs and these are just some of the better ones that you're hitting on. Now some people don't even recognize, I think that's the key thing too, is most people they don't really understand the fundamentals and the learning process that even we've had to go through
that Mark, for instance, the lead designer of this said, "I'm going to make sure all you guys understand bonding curves." We went through a ton of new math that I hadn't seen in decades, and it helped me really understand how the space works. I think for most traders that are just doing swaps or even the consular liquidity, they don't understand the fundamental
of what the mechanics are. And for that, they end up incurring a lot of losses or misunderstanding how their gains could have been more by not understanding what's actually taking place within an AMM, for instance. And so for us, we're really focusing on this type of education for carbon. People really get an insight of what's happening with their liquidity and how they have better control
over it. It's done. It doesn't get reversed and all you start to see are these growth in your portfolio if you identify a range that actually exists. Got it. Got it. I agree. And this is pushing it forward. So thank you guys for doing this. So first of all, next question I'm going to jump into talking about, okay, so let's talk about the persona for the carbon
liquidity provided because we're talking about liquidity providers as as who this is targeting right like I mean I have to add liquidity I have to create a recurring strategy in carbon this is the work of the LP could you walk us through what are the steps of the the LP's journey as he comes oh you know she comes to carbon with her you know
So, you know, let's call, you know, she's coming to carbon with about a billion pepe. There's an Eve Pepe pool in the carbon decks. You know, she wants to gain liquidity. You know, somebody has deployed a pool on the carbon decks for Eve Pepe. She wants to be able to collect, you know, as
much. Can you walk us through her journey as what happens as she enters into carbon and has to set up her recurring strategies so that she can continue to generate fee revenue as a liquidity provider on the carbon decks. Is it okay to walk through that? And forgive me for using meme coin. It's a meme coin season. So if we don't say
that we're all hats. But could you walk us through that little journey of how she sets it up and what is her current strategy? Does she check every week? Does she check daily? And then how does a little bit more about maybe some of the other benefits
that we're yet to cover here if that's okay. I know we're going fast on time but seeing if we can capture the journey. I want to clarify on something though there are no pools on carbon. Oh wow. Okay. Every user would have their eith pooled or their puppy pooled. For example, this is in
And this isn't something that would occur on carbon. Each user has one curve per token and that's there. Right. So it's different. When someone is going onto carbon and they want to create a strategy, you go to the app.
templates, right? You choose this is the token that I want to buy yourself. This is the token I want to buy or sell with. We have two things. We have two different types of strategies. One is called recurring, which we refer to earlier slightly. This is where you have a buy order, whether it's limited range and a sell order, limited range. And these two orders are
linked together. You can provide your liquidity to either one. This is why we say we support single-sided liquidity and all-sided liquidity. You can fund one or both orders. As those orders are filled, whether it be your buy or your sell, the tokens that you acquire are automatically rotating.
to the opposite order. So you buy your eith and automatically rotates to your cell. Okay. Okay. Well, slow, slow, slow. Okay. Okay. I got to pull you back because that's huge. Right. Now what you're saying here is remember, you know, your strategy is both, you know, you're taking a long position and a short position.
So you're saying that you know once an order is consumed on the long position the token that is the outcome of that order that you know how is your liquidity that is placed into a short position that is made available to sell is that is that how am I reflecting correctly or I think it's just buy and sell
So, yeah, yeah, yeah, yeah, okay. So, I'm. That's our model, right? We were able to buy low and high, so that'd be a better. Okay, good. So, let's buy. Okay, so I put it in order to buy. But then once that is consumed and I have this new token, that token is now available for sale.
at my price. I get to set up price of what I want that token to sell out. Correct? That's right. And it can be a combination of either a flat limit order type of sale price or you can set up a sale price as well to scale out. Correct. So now I take on the uniform of the market maker. So I become a market maker because essentially my liquidity is both
what I can acquire, I can speculate on what range of prices I want to buy, and then I can speculate on what ranges of prices I want to sell. And so we're not dealing with tools here, we're dealing with orders, and then carbon essentially does the work of matching the
me out of the primordial soup of, you know, constant product AMM thinking and bring me to carbon. Talk to me. What am I going to say? Right up until the very end. So the protocol is not executing these orders. Right. What it's doing is saying here are the bids, here are the asks. There needs to be a taker on
the other end. So, you know, aggregators, arbitrators, any other user, any deep by user can go into the app, can go into the contracts, and they can look at what's available, and they can say I'm going to take this order. Right? So, this isn't the protocol automatically executing this, and this is kind of where, you know, we've had been having this discussion
within the community and NS contributors also of is carbon a bot? Is it, you know, and it's not executing these orders, but it does have bot-like behavior because it is market. It's like a market-making bot in a sense, right? You provide your liquidity. You may
that market and someone takes that trade on the other end and now your liquidity is automatically available again to continuously make that market. So it isn't the protocol, it's really a peer-to-peer user experience. Someone is on the other end of that.
Okay, correct, but but to be clear, the someone who's on the other end still has to put the order somewhere, right? So yes, I mean, it's not carbon matching these orders automatically. Got it. So okay, so great. Right, exactly. These orders are available.
which is what we expect from most AMMs. There's liquidity there, there's a fight there, you can take it because you're a liquidity taker. What carbon has done is essentially say, hey, the LP is no longer just an LP, the LP is both maker and taker, and this is different than
Constant product amms with the liquidity provider is just an LP like he just sits there and he takes his permanent loss and he deals with it now In the carbon method and of course in the in the constant in the quantity of liquidity method you know saw b3 The liquidity maker is just an LP, but now he's only doing one job, you know, yeah
to invest in a new place to handle his impermanent loss or create a new strategy, you're saying, hey, listen, if you were to go to Uniswab v3, you're going to be an LT, you're just going to make limit orders, but you still have impermanent loss, you have to find some of the products, you have to create some
way to upload that loss by essentially taking the other side of the transaction with carbon. You don't have to worry about that. It's all built in. So you are LP and you are liquidity making, you're liquidity taking, you're a true market maker, and now we brought both pieces together in one space. Am I getting it right? Is it, are I still, so
Now essentially providing liquidity at ranges use specify. So you can then determine how you want to, you know, what your impermanent, what your IL would, what IL you're willing to take, or what IL you willing to absorb because now you have the other side, the cell side in addition to the bi side. Is this, am I getting it, or am I still
I think for the sake of time, I think you're fairly accurate. I mean, we can dissect it to degrees. But I think the big, the big, big difference is again, is once you, once you said, once an extra or is executed out of one range, those gains are locked in. Whereas in a
We must walk unless you then exit your position after going to the branch. You have to go to the branch. - Oh, you're either praying for it to come back. You're like, "Please Jesus, range come back." You are spending money to get out, to consume, to build in a new range with carbon. You don't have them. That drama is the part of your life.
You are thinking easier way to if I may to kind of look at it is not necessarily from the controlling your impermanent laws, but having more control of the profit that you're making. I like it. I love it. Or as a trade. Yes. Yes. When you're providing liquidity, it's determined by those fees.
Yes, you have to balance the the trading fees that you're earning with the impermanent loss or with the sandwich attacks with all of these risks with with with carbon you're determining the sort of profit that you want to make by that spread that you're creating so there's a $500 between your buying yourself that is the profit
that you're making. It's not the trading fee. So in the sense that you're looking at the impermanent loss, like I said earlier, that still exists if the strategy you're creating isn't successful. But users have so much more freedom and control to determine what their personal profit is going to be.
with their liquidity being traded. And let's cost. Don't forget. That's huge. Okay. We did. We needed a two hour. You guys so busy. You could only afford 25 minutes. I don't know why you do that. Okay. So now we're going to talk about MEV. You said some set. You said
said some M.E.V stuff, I got triggered, I have to talk to my therapist after this. You said, "You don't have sign language attacks." So, I'm like, "What does that mean when you say no sign language attacks on carbon?" Because sign language attacks a protocol level issue, not a DAP level issue in my mind. So, tell me more about M.E.V and carbon.
I don't have a hard stop at 1030. If you've ever traded on Uniswap and maybe not properly set your slippage settings and all those kind of things, then someone's able to identify that. They front-run your order.
They let your order execute and it keeps jacking up the price and then they sell for a profit and they're able to keep that and that's a huge extraction of value from Just just the chain in general when these trades and it happens a lot especially in the mean coins that you were mentioning earlier Hey, I read from subway just for you know, we're 10 34 million dollars, right? It's done the problem
I think you would all right Jared congratulations. We know you're listening and chuckling. You did good. Okay fine. How does how does carbon prevent you know prevent Jared from taking advantage of folks? Yeah, so so the flip sides again is that because they're two separate bonding curves they don't have an immediate way to undo the
order when they take one of the sides. So if they, if they, if you accept a buy order, then that buy order executes and there is no in the same block or whatever to be able to go back and, and, and sell that back at a higher price to undo, right, that sell. So they then got to find a market for actually then unloading that, that price that they bought out. And they may or may not find
But they can do that in carbon and you're the side can't they like again remember? If you're asked price is usually gonna be I mean your sell price is gonna be a lot higher than what your your first price was but go ahead, yeah But I'm there more people in the market than just me right like there are lots of people
who are putting positions and these trades are still going into mempool in order. I mean, are you saying that even if I can monitor the mempool of carbon transactions, I can't immediately try to switch between the buy sell side by seeing where the demand is, is that, is that totally
back running a good can you can't reverse the transactions this is what it comes back to with the irreversible transactions okay so because go ahead no no okay but okay so let's let's go back but first but before we go far just just to make sure we understand each other there's a shared mind share here sign would you attack is a front run it
not a background attack, right? Is that do we have a set agreement? >> It's the front followed by the back. >> Okay. >> What we're seeing then, so are we seeing that you can still be half a sandwich? You know? >> [INAUDIBLE]
If they see that something is available and you go to take it they take it first Yeah, your front run. I mean you can be considered front run, right? Yeah, yeah, so somebody beats you to it. They're faster to pull the trigger Yeah, you know, you could still be front run somebody was right now. Now here's on the back run
They see that there's a dislocation on price on the cell orders because they're not in carbon and they can create a strategy that automatically switches over. They already prepare for, I mean, you could say, "Target, well, that's market-making. Welcome to the real world." I mean, but I guess what the bottom line is, it would
be lovely to test carbon's claim against signage attacks in the real world. They can't force you to sell. They can't drive the price up. Correct. And then force you to sell at a lower price because you are determining where you're selling. Correct. They can run it up. They can run it down all they
But it does correct. You have a lot of things like your liquidity will be treated. Got it. Let me see if you have a maker position that you want to get X for a token. And there's a taker for that market. And then you get front run. It's my understanding that that
front run might actually cause your trade not to execute because in carbon you get what you're soliciting for. Does that make sense? Versus the current. You're not paying a higher parking carbon. Correct. And it really comes down to the fact that with sandwich attacks, it's on the same curve, right?
with carbon you have different curves. There are two bonding curves. So because you split the bonding curves, it has its own curve. It has its own curves. It's not a pair on a curve. It's each token for its own price curve. Okay, cool. All right, so we got to test it out. So this would be awesome. All right. Last thing, let's because we're a little bit over time.
So we're going to go quick. Carbon just launched. What's interesting? How do people get involved? We had volume would love to integrate with carbon. How do partners get to integrate? Do you guys have grants? What is the story of getting involved in this new carbon universe? Ricky, want to go forward or do you like me to start?
No good, you can start off off off. I think the most exciting thing that is happening right now with carbon. So we're in this first phase, right? So it's the beta phase. And what we're doing right now is kind of hooking the aggregators in, you know, like we mentioned earlier, these takers on the other side, right? We're also in the process of developing
So it's going to take carbon and hook into connect the liquidity for every single DAX across the theorem. So arbitrageers it's going to be the entire framework, the infrastructure, the directions, the guide. So anybody can take this and our carbon against any other DAX on a theorem. So this is a really good idea.
really exciting point that we're at right now. And in terms of, you know, I think we could probably kind of take that offline. I can introduce you to those that would you would really want to speak with in terms of building on top of carbon and collaborating. But for
For any of you who are interested in learning more about carbon, we do have the carbon defi Twitter. We have a carbon defi telegram. We also host calls on our discord every Friday. These are called our coffee breaks. There's really no agenda to these. We run simulations. We didn't get to talk about the simulations or the simulations.
either. But this is also a huge thing that I'm super excited about personally and have really just kind of become obsessed with over the last few weeks. But it allows users to back test different trading strategies. So with Carbon, you can create a strategy with any standard ERC 20 token.
And with the simulator, if we use the API from crypto compare coin market cap and coin get go. You have all of that information there. You can enter in any of your two standard ERC 20s. You can enter in the time frame. As long as you know, coin get goes limited to 90 days, but for the others, you can back test as far as however.
like and the information is available within whatever ranges and see how not only carbon, you know, a carbon strategy would perform, but how it would perform the performance versus HODL against a UniV2 or a concentrated liquidity or a constant product or a concentrated liquidity model. So these are two of the things that I'm really, really
excited for at the moment. Rick mentioned earlier it's a lot of education right now and I think that's one of the huge educational tools that kind of gives a visual to what carbon enables users to do. So I think you know those three things that definitely follow us on Twitter, join the telegram and definitely join the coffee breaks.
Awesome. Thank you for this, Ricky. I'm sorry, I cut you off. I can say the other thing is that you are able to go to carbon D5.xyz and even set up strategies if you'd like. Get familiar with the interface and then from there that might drive the questions and involvement that you may when you ping the community.
that you want clarity on something or maybe we have a lot of community members that are sharing what their strategies are and that the logic behind them. And we find that very valuable that we now have people not just talking about, you know, just the technique, but the market in general, and here's what we're seeing. And it opens up opportunity for everybody, especially newcomers that are wanting to get into
this into this world of DeFi. >> Carbon DeFi.xyz. >> Thank you, Rick. Thank you, Jen. This has been awesome. We kept it punchy and sure there's a lot to cover. I think we should do another one again as the launch continues because I think people are going to be writing a lot about
Essentially now, you know, bonding curves per token, right? In the old days, it was just a line for both tokens on a pair. Now you got each token has a curve and each token, you know, allows you to again get nor, you know, what we call what you said, no reversibility in the transaction so that
protects users, protects liquidity providers, and again, lower cost than some concentrated liquidity alternatives, which require you to essentially spend more gas to change your position. So this is awesome. Congratulations, and we look forward volume fine and the team and the community of Paloma to participating in the carbon community. Congrats to you both.
Thank you so much. Thank you for having us and thank you to everybody who came out to listen really quickly. I did just pin something up to the top and mention the simulator. It's there. If anybody wants us to run some simulations in the meantime until it's there and it's public and everyone has pre-access to it. Please don't hesitate to
reach out to me my DMs are open but I definitely encourage everyone to kind of take a look and see what they're capable of with carbon. Awesome great way to end thank you guys thank you carbon thank you come on volume give us some music as we head out this is great I look forward to the next one thank you so much for having us you got it all right take care
Come on, volume. Hit you with the music.
You know what I'm saying? I can do that. I can say about it going, Rick. Thank you.
(clicking) (clicking) (clicking) (clicking) (clicking) (clicking) (clicking) (clicking) (clicking) (clicking) (clicking)
We can't run a tank searching for help.
And never don't worry it's coming from And as soon as we get it, somehow We seem to think that I worked so hard to stop the same thing It took us to get out of the way of the thing that you have to do to keep it
You gotta stay on your feet hoping You gotta give a little tape on that Even though you got to hide your heart and keep the fire going Keep the fire going on You gotta hide your feet hoping
You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all you got You gotta give it all#