Liquid Staking Module - AtomZone #06

Recorded: April 28, 2023 Duration: 0:47:48

Player

Snippets

Hey, Sito. What is this? What is this? What's up? Are you? Oh, good. Just checking that I have double-outed just a minute. Yeah.
Okay, she'll be fixed now.
Yeah, it's better.
Easy. Okay, let's wait for Zagid to enter. Yeah.
We play some music if that works. The thing is that today I'm doing double content because I'm both a Cosmos Saber Rob. I was jumping from one point to another.
But it's good to see like now Twitter spaces is running much smoother. Yeah, yeah, it's way better now. Okay, it's like a just a rivet. Nice. Hey, Zaki. Hey.
Okay, I think everything is running smoothly this time, so this is great. Okay, I think we can start today. So today episode is for the liquid-segi module proposal that is currently on chain, prop.790. This proposal actually is
is just about to eat quorum with 90% of consensus from the community. So there is big support for this proposal and how we can see this proposal in short is for the implementation of this liquid-seguing module that is basically a form of regulation or liquid-seguing providers.
enabling safety framework for governance control parameters to control liquid seeking. So we will go deep and totally on what is the liquid segment module, but also what will eventually happen with the atomic economic zone. But first, let's introduce the target that actually don't need
many introduction because I think everyone in cosmos knows it so maybe he can actually start by saying the inclusion journey to building the liquid seguing module. Yeah absolutely so I'm Zaki from the equation
team. Ecclusion has been working, you know, was supported by the Interjean Foundation. So I want to thank the Interjean Foundation for supporting the work in 2022 on the liquid-staking module. You know, they helped us pay contractors to work on it. It was, it's been fantastic. The
I guess I've had this idea for quite some time. If you go back, I gave a talk at the first Air Chain Conversations in 2019 about the future of staking and liquid staking. Cocetene and Vesonely say that
that talk helped inspire creating light-o. And, you know, Sunny had done some work on liquid-staking as well around the same time, and that you put up a foreign post, and that was also hugely influential for creating light-o, so you know, the conversation between cosmonauts and the liquid-staking concept
Now, one of the things that I guess I've really felt is important is that there isn't one right way to do liquid-staking. There's a competitive marketplace in Cosmos and I've worked really hard to help
So, you know, in any way possible to like create that competitive marketplace of different solutions, try and quick silver persistence. You know, there's a high likelihood that Light Out will eventually come to New Drone, you know, wanting all of these things, you know, in a lot of my conversations with the Light Out team and the P2P
to the creation of your truck. So, you know, there's like lots of, there's been a lot of work that, and like many, many years have worked that have gone into what is being discussed here. And then also, so, you know, the core idea when you're doing this, you know, is that you're doing this, you're doing this, you're doing this, you're doing this, you're doing this, you're doing#
You make the state game module the the state game module that we created for Cosmos was sort of the school standard state game module. It's like I think probably like the sort of first Complete implementation of proof of like delegated proof of stake You know that you know was out there
And it's been a reference to basically every other proof of stake project that has launched has all looked at how Cosmess Prusa stake worked. But as we've started to understand and see how proof of stake was working in the real world, I strongly believe
We sort of over-indexed on this long and long funding period and the idea that validators would not be part of liquid-steaking collectives. What we've seen from the adoption of liquid-steaking collectives.
really take this rich ecosystem of DeFi primitives that we have, we need to make it faster, easier, but in a controllable way for the liquid-staking protocols to grow. Right now, the liquid-staking protocols basically only have access. When we started this project, Interchain accounts,
We're not really in energy enquiries. We're not really very developed systems, but now they are. And what we really like focused on was, hey, how do we make it easier for these protocols to grow and become a, so you know, about a little, or I think we're
getting close to about 1% of of atoms or of state atoms or liquid state. But you know when you have to wait 21 days to convert your liquid state atoms to state atoms, there are also I think flaws in the sneaking module for instance like the concept of the like
The validator min self bond was basically not used by any other validator except for the inclusion, which is an obvious failure. And so this was a lot of opportunities. So I think both correct flaws in the staking module.
and prepare Adam to be in like state liquid state Adam to be like the fundamental base asset of the wider IVC economy. And so I'm really thrilled that there's been a lot of controversy about liquid
speaking and I'm thrilled to see the support and I'm very excited to see the 790 over quorum. I also will just say that you know I got to you know there's like so many people who've contributed to this. The stride team has really you know taken over a lot of the development there's been a lot of
The persistence team just built a test net for the persistence chain where they're going to be launching where they actually have live running the email you'll on the test net. The informal team, you know, this like new ballot mechanism is like very much created in collaboration with people on
the informal team, huge number of collaborators on this whole project and really excited to see wider adoption of liquid-staking in cosmos. I think we want to break up this conversation mainly into two parts, which is firstly
to understand exactly what the LSM does and how it's a game changer for liquid staking, maybe even beyond cosmos. And then also I think we can talk extensively about all the risk mitigation factors that are part of that. So give me the first share
here, like on a high level, what exactly does the LSM bring and why is it a game change for the current liquid-sicking landscape in Cosmos? Yeah, absolutely. So what the liquid-sicking module does is it allows, okay, so it's
So it's basically two concepts. One concept is that now there's a new type of transaction that is added to Staking. It basically allows people to go to take their staked items, you can stake items or delegate items. And you can turn those delegated items into
tokenized delegations. So a tokenized delegation is basically a voucher that is redeemable to being your underline delegation. The vouchers are basically non-fungible. But you get one voucher for every item
it you have to take. And that one voucher that you have, that voucher is so you can transform. And the rewards actually go into an NFT while the tokens are being, are in their sort of voucher state. And the NFT is
also transparent. This was actually a relatively small scope change that I worked on in the nights and weekends for the last year to make possible to do this about this sort of delegation
And so the idea of people might be able to use this, you know, the expected use cases. So one, you know, use cases, potentially you could just do like an OTC trade with your delegation vouchers. And that's a completely valid use case. But where this comes into liquid staking is you have staked atoms.
Rather than having to un-stake, wait twenty one days, stake again, give up the rewards. You would be able to, like, stride persistence, all the liquid-staking providers can build workflows in which people tokenize, like, sort of create their delegation vouchers,
for the delegation doctors, the Whitton-Sticking protocols and then immediately get, we could take care of this. So this is the particle at the token shares, right? Yeah. Which I think that
It's all one of the main problems of liquid-staking cosmos, which is the abandoned period. So that's also about, I think, accelerating the growth of the whole liquid-staking landscape in cosmic, which is a bit slow because this abandoned period is
for security reasons, but also I think that one point of why liquid-staking is borne and actually we have liquid-staking, it is because the prophosic is on, because it's not tolling cosmos, it's also on Ethereum and other prophosic ecosystem. So maybe can you tell
actually there is a little bit on why actually there is a little bit of a problem because I don't think that many see this perspective of the people who are taking a lot of the people who are taking us away to make more gains if we're going to say it frankly but
But actually it is born for solving a problem into forsaken to increase the liquidity. So maybe you can touch a little bit on that. Well, okay. So one aspect of it is what we've seen basically is that what Whitman's taking is unavoidable.
proof of stake design, try to make it as difficult as possible to build liquid-steaking. And in like, never the left, like, you have multiple, multi-billion-don't-liquid-steaking pernacalls. The reason why this is-- it's like interesting, right?
is that having a staking primitive that basically accrues a yield or having a primitive that you can use in D5 that accrues yield from the underlying protocol allows you to build like stable coins, self-cleaning loans,
like all kinds of different defy construction. You know, you can do whatever you're taking, where you loop and like sort of like we collateralize with some ados and borrow some little sacred things. We sell those for atoms. You borrow some more with the sacred tokens. You can actually end up with like a very
high yield while taking on some liquidation risk. And all of these things are, all of these primitives are like very popular. And what they do is they make your ecosystem very compelling for application developers, right? Like, you know, as, you know, when you're building
on the application where growth is so difficult. I'm out there running around trying to grow familiar. Every single, and we have a liquid-staking product that is based on, we could state, eat our real-yield eat. If there wasn't this rich ecosystem,
on Ethereum of liquid-staking tokens, we wouldn't be building them. It's the same thing for Cosmos. The number of builders that will come in the Cosmos, given a rich ecosystem of what we're aiming for, which is about $500 million,
with the current set of parameters of liquid-staked assets, suddenly like 10Xs or 100Xs, the potential builders will see in the Cosmos ecosystem to build different primitives and different implications. This is like the core thing, right? Without the liquid-stakes,
And like only having like very slow growth of liquid sticking, we're just not a very compelling ecosystem for builders. And like that's the reality. I'm curious before we get into details and also the risk of mitigation things, like what's your long
term liquid-staking thesis? Where do you see this going? What are your thoughts on that? I think that as the liquid-staking applications mature, as we get more comfortable that there aren't significant bugs in
systems. I think that eventually liquid steaking will be so much more likely that a very large fraction of liquid steaked atoms. And the base asset in the
All these things will become with would stake atoms. This is the ability to inject money into the, you know, this is a really way to create and attribute money to atoms by adopting what they're taking.
Yeah, and we everybody's listening we talked about this on Tuesday also with the straight team with Rally If you want to learn more about how did also plays out, you know in the Collateralizing DeFi world we talked so much about that. I think it's also very interesting spaces we did
But I don't know Rob, do you have anything to add that otherwise I think that the risk mitigation things I think that Zaggy mentioned something very interesting which is that From what he explained the liquid taking actually create a triving economy or a create or a
So I wonder if that's already an idea of all the applications that the Libris-Seggy modules can have to kind of boost this collaboration in the other economic zone. Okay, so the idea of, to me, of the Adam economic zone,
is to actually make the relationship between Adam and applications built around Adam actually much stickier. So as like, you know, many people have pointed out there's this tension right with with with with inner chain security right which is like you could have a chain, you know, Adam could collaborate with that chain.
You know, we could build that chain into like, you know, energy industry or chain, we could build into a major application platform. And then that chain, its governance could decide, hey, we're bigger than Adam. We can, it's, you know, it's time to become our own sovereign and sort of cut Adam out of that deal. So how in a decentralized world
do you make these relationships sticky? And liquid sticking is a huge opportunity to make these relationships sticky because, you know, sub-dowls of the cosmos have can actually then economically participate. So, you know, if you're, you know, if the, if you're
like application domain and like liquid seeking applications and like application is built on top of liquid seeking. If they're actually getting a significant amount of their liquidity from the cosmos on itself, now it doesn't just mean that like if they wanted to leave they would
We then suffer no consequences. Now suddenly, a huge part of their economic structure would go away if they were to leave the like, the inner chain security, we, their economic relationship with that. And so, liquid staking is like this enormous
mechanism for, and so like basically the idea with the stride proposal that's up right now, the stride proposal is basically saying, "Hey, like the atom accelerator gap will actually provide staked atom, atom liquidity, two strides as part of their adoption of interchange
security and that's sort of really established as now precedent for like other applications as they join Cosmos, you know, as they join Cosmos and they join the energy security and they join Adam and Adam. Really having a sticky, difficult relationship with the
So it's like a point of a point of synergy because you can create a synergy with slide and then this synergy simplifies on neutron, try to get adoption on neutron. So it's like it's like many are mentioning
Twitter a sort of live with that makes this kind of collaboration between the various things in the other economic world and hopefully create this streaming economy where all the chains get a lot of them and more users and another thing I think that it would be interesting
to mention is that because the liquid-seg immodule will actually bring this instantly liquid-seg in availability, will this also bring better UX in the Cosmos ecosystem especially for liquid-seg in Provader because they will basically
will be able to use inter-final accounts to instantly allow user to leave with sake, right? Yep, absolutely. And maybe can you expand a little bit about this part related to the user experience?
Because often we have been focused on boosting the poor technologies. But right now I think we are entering in a moment where actually we are starting to focus on user experience. So what do you think will be the
the user experience with the lipid segue module like what kind of information is maybe born? I mean I've worked with all of the built-in liquid stequers on the design of the liquid stequers and so I think they're all really
idea of what features they will add to the protocol to basically make it so you can, you know, a couple of clicks and what really fast onboarding of these things. So, you know, up to the limits and we have talked about the regulation piece. I'd like to get to that
that. We haven't gone to the regulation and I'll get to that but like the regulation piece up until the sort of regulation limits are reached. You know, we put seeking reminders like competition to like quickly onboard use should be, should be
free user experience because whoever would put whatever liquid seeking providers produce the best UX. Once LSM goes live have like a huge opportunity for growth. And this is that you mentioned is that the Kappa 25% right? Yeah, so there are two forms of regularly.
in the liquid-staking mechanism. One is that we are now going to cap both tokenized delegations and interchange and account driven delegations at 25%. That mechanism
of that mechanism of capping things. And this is a government's adjustable parameter. So, you know, over time, governance could potentially adjust that number upwards. And the second thing is we had this idea
And the original Sagan module but it had no consequences. It didn't actually do anything. Now we have this we reintroduce this concept of validator bond where the team and it can be multiple accounts when the team people don't have to come and go their funds. The team
can actually state which delegations are their validator felt bond and then those delegations actually influence the number of delegation shares in your chain sneak accounts like interchain accounts that validators permitted to have and so this creates an
to actually tell the protocol what atoms are actually bonded from the validator itself from the bound to the same what is their actual skin in the them. And this again is like a piece of the puzzle that was really missing from our initial implementation of proof of state like we could
I think that's a very innovative and elegant way to mitigate that and also to ensure that
I think I went through the list of like self-bond. I made a thread about that also a couple of weeks ago. But I think a lot of validators, their self-bond is actually relatively low. So there's also confidence to ramp up their self-bond, which as you
say increases their skin in the game and also allows their delegators to liquid stake. So yeah, I think it's also an interesting side effect of that. That is further the character to change itself.
the intent? I might actually have to go early in about 10 minutes or so. Sorry about that. Maybe if we wouldn't... Maybe in that context, I think it's also mentioned, right? All these parameters
They're not necessarily set but they're all subject to governance. If the committee says like 250, 250, validator bond factors is too high or too low, that could also be changed through unchanging governance. Correct. All of these are governance control parameters.
So, you know, there's the option to reduce this number and there's the option to increase this number in the way that we look. And maybe before you go, maybe you can also get one or two people up to ask questions to you.
What's the timeline? Obviously the proposal is right now, almost at the courtroom. So I think when is it exploring? I think a couple more days. So what's the time then from there on? And yeah, when is there an action of a proposal on the customer's house? Yeah. That's the right estimate.
The way I expect things to go is basically assuming this proposal passes. It would be a signal to all the teams that work on diet, the notional team, the informal team. And the stride team has both the stride and persistence teams have actually been taking on a lot of the fidget
as I mentioned in the forum post, there's no cost to the Cosmos hub. The ICF paid for the bulk of the work. We've done roe-piz up as before. Persistence is trying to put it into production on their chain
Right now. And then there's like some finishing touches on the code that are required and stride has been, you know, very generously like finishing all that up. It's in their self interest. So I, you know, basically then the question is to right now the liquid-sakeing module is actually sort of a set of out of
Cosmos SDK modules that are targeting the Cosmos SDK 0.46. The cut-up is on 0.5 or 5. Notional is on kind of a work. I'm trying to get the Cosmos up on 0.47. Ultimately,
like there is going to be some negotiation between all the maintenance teams about what upgrade we can get the liquid-staking module into. But we have plenty of engineering resources. And, you know, so I don't anticipate it. I basically think we can get, once we get, you know, once this proposal passes, we can pretty much
get it into the net into like whatever the next upgrade is. You know, even if we had to do, we'd actually done a previous version of the sake of it. I guess O.45. I mean, if we have to, we can like downgrade the liquid sake in module to O.45. So it's just really a negotiation between
like informal, notional, the liquid-staking teams that are working on the OSM. But with the endorsement of the atom, we have all these problems are consumable, and we have a little bit of the same huge amount of work. And we've had security audit.
We know like a year of work for it's a fairly mature company Final question from my side and then maybe Rope has another one before you go But what is your views in general right now on on the customer's hub obviously last year like seven eight months ago?
when Atom 2.0 was released and then got rejected. How do you view the role right now and everything that's happening in the cosmos have ecosystem? I think that in many ways. On one hand, we have seen this like,
sort of on one hand, I would say that without a doubt, the atom 2.0 process is essentially
And I'm not sure if it's going to be a huge deal.
to push forward, to move to move to this things forward. I'm extremely pleased to see the beginning of an economic zone of many of the like, the kind of general themes that we envision and people there. And I'm 2.0 was never intended to be like
fixed plan, it was always intended to be a direction. So I'm pleased about all of that stuff. I also think one of the things that I've been thinking about recently is, you know, in the Cosmos ecosystem, we look at the amount of alignment that like the Ethereum has around there right there, or we look at the amount of alignment that
So Lana has about, you know, in what they're building. And we're like, "Oh, that could be us if we didn't have all of this conflict with the founders and all of this stuff." But I also say that there are ecosystem that are much more along than with the founders, but have
are stagnant, people are complacent, no one is really adopting it. And in many ways, the conflict drives things forward in a way that other inconsistent don't have. So I think both of these things are part of the overall story of Ponsimus and the overall
story about it. No, no, no, I was kind of listening because it's a very interesting perspective for what is happening at the peak. There's many conversations when
a bit too far, especially on Telegram probably we should talk more especially in these kind of spaces because when we engage in a Britain way it's digital communication and it's you know it exists only from 20 years if you think about it it's kind of communication of
writing on digital. We took centuries to engaging governance in a real manner in the real life and we are just approaching digital governance and all these on chain dynamics. So we are still early and it's a normal part of the history I think
That long term everything will be fine and as it's like said, it's kind of of contrast of discussion. In the end also bring something positive because now we have all this upcoming proposal and ideas that are flowing the atom economic zone which is interesting because it's like
a new way of innovation and development that is invading Atom. So I would say that if any of the community want to jump in, Zaggy is about to run, so this is your chance if you want to make any questions. Otherwise, I think that we can
there's like a lot of good people here. Yeah I think we will get some questions and also thanks for joining that. Maybe you can join in future events as well. It's always great to get your answers. Yeah I'm in like full real-yield eat sales boats. I'm like everywhere.
right now. I'm in Austin. Yeah. How is it? A lot of customers events going on there right now. Yeah, yeah, yeah. The most ever event yesterday was was lovely. So we have two people up. I don't know if they have a question directly to Zaki. Maybe if you have a brief question to
Zachy please make it very quick because he's on the run. Yeah, hi. Thank you, first of all, to let me speak. I have a quick question. Zachy mentioned earlier, self-sighting and so on. Right. Many validators also delegate to their own validator, but do that with a different wallet.
All the security reasons. Is there any way that you tackle that or what's your opinion? Yeah, yeah, so the new self-staking mechanism that's in the Whitman Staking module allows you to self-bond like validator bonds from any wallet, but it doesn't have to be your validator operator wallet, which is the old system.
The oldest stuff was like your validator operator was the only wallet that you sell for. Now any wallet can send a transaction and declare that that delegation is not a part of the sell for. Awesome. Thank you very much. Cool. I got to run guys.
I think Bendy had a very quick one for you. I don't know. Okay. I'll try. I'll try. Last one. Bendy, I love you. You know this. Do it super fast. How quickly do you think we'll hit the cap? I have no idea. It's like,
I was just wondering if someone should make a prediction. Someone should make a prediction. I had no idea. Well, we could put it on chain, someone could win a load of atomites, they get it right. I just wanted, because obviously 25% was set as a cap and I just wondered if there was a kind of like, we think this is a long time to reach or if it's going to be fairly quick. Obviously you were saying it will#
the future if there's a lot of demand that we get kind of comfortable with the market. Yeah, I mean, I think that we're, you know, in general, if we hit it quick, that would be a signal from the market that like we should be, but we should be looking and governance should be considering raising the wood. But, you know, I think
I think to a certain extent we need to move slow also because like Cosmos DeFi is also somewhat immature. So like moving it this is like a hunt, you know, 5,000 miles per hour is taking too much risk. So you know, I hopefully I don't expect the way the cash will be hit quickly. Okay, I gotta go, man. Thank you. Appreciate it. Thank you, Zaggy.
Okay, I think we cover everything. So what do you think, Sito? We can wrap it up. Yeah, I think everybody that hasn't voted yet. I think D wants to come up, but please go ahead and vote. There's actually a couple of very important
Proposals, so 790 is the liquid sinking module proposal go about there and then there's two proposals for like onboarding consumer chains, neutron and stride. Stride is just a text proposal like a signaling proposal, but the neutron model is actionable.
But yeah, we got D on what's up? Hey, it's con guys. Thanks for allowing me on as you always do. I appreciate it. I just wanted to I jumped on just now so I didn't hear the whole conversation with Zaki but I heard Wendy's question about how quickly the 25% cap will be hit. I mean I
I think it's not to blame for the point, but as the more liquid-saking there is, the more mononist properties that Adam's going to have, overwhelming majority of L1 and other crypto asset evaluations are really like, overwhelmingly just money properties. They're not utility
They're not transaction fee-based. Like you look at Salona, I don't know what the mark cap of that is right now, but it does not get nearly that much in transaction fees. Obviously it has like a decent amount of developer, myJ, or user-based. But at the end of the day, it's all about how much economic activity is there, either on my chain or
in my ecosystem, which is really the atomic zone in this piece. And I think the moral liquid safety there is the more money in this property is going to have that's going to create much better upward. I think price appreciation for Adam. But going back to the 25% cap, I think that makes sense for the short term.
But I think part of the tokenomics discussion that needs to be high for Adam and for the wider community is Ultimately governance needs to decide what that cap should be as liquid seeking is only about two years old now Maybe two and a half years old when Lido first came out with it. So it still is relatively new tech and I think
it makes sense to have some careful cap for now. But I think a static cap, like 25% or a certain threshold, is not the long term vision for what it should be. I think there should be a dynamic liquid-staking cap based on certain parameters that NIS
I think there's actually something here where the more liquid staking there is for Adam. Obviously today, like more liquid staking, there's more people staking to the hub and that will naturally lower the inflation of Adam if it stays above 67% for like a longer period of time.
addition to that, you actually might be able to decrease atoms supply even further and make you like atom supply schedule based on a function of how much liquid stake is out there. So there's a lot of things that the liquid stake module can do. I'm really, it's actually one of the things I like most excited about this year.
I know that Adam Accelerator has a grant, RFP out there for Adam's economics, and one of the things that blockers research myself is looking at is how to make liquid-staking more dynamic and actually make Adam's economics a function of liquid-staking growth.
Yeah, we also talked a little bit about that and the parameters, also the volidator bond factor. The thing is, it's all subject to governance. If the committee wants to change these parameters or lower them or increase them,
Or how to my step maybe I don't know I think this is all stuff like when it's in production and when you know when we see see how it plays out in real in the real world Yeah, I think it's gonna be interesting how how to community rex and can refine that so but yeah, there's
exciting. Do we have anything else, Bendy? Anything from your side, any updates from the accelerator now? The really exciting update, but I don't think I'm allowed to tell you about
it but you know if I say the word wallet then there is some alpha out on Twitter if you know if you find the right account. I mean you shouldn't be mentioned that it was an alpha if you don't want to say more because now we are all good.
So yeah, I mean like you said this is not here. Don't worry. You can see it. Yeah, but it's a recording space. So you know, I'll soon be I'll be kicked off the dial very quickly. No, there will be an official announcement coming really soon, but you know, we're hopefully funding
some people to help within integration in the coming months that's going to bring the potential for huge adoption for Cosmos as a whole. So it's a collaborative effort between a few different teams and things and it's really exciting but more news coming soon I'm afraid so I'm just going to have to tease you all.
No, no, it's fine. A good old tease is always fine because we don't do a lot of teasing cosmos so it's always more than welcome. And I think we can wrap it up because we really covered all the aspect of the liquid seguing module, especially as
As I said, there is a governance control parameter, so this will be up to governance to decide to move up the cap, to move it down. It will all be parameters that by design will be able to governance to interact. And also the most important things is that right now
As I also said I mentioned at a couple of minutes before there are actually three proposals related to the other economic zone which is 7 and 0 which is a little bit seguimodil this will end at the 3 May so if you want to be part of this proposal go vote now it's almost over
the time to vote. Then we have Prop 792 which is the neutron and the first consumer chain which is probably the one that the community is super excited. And 794 is the side proposal which is the most recent that went on chain.
basically and not today. So all the committee has time to vote this one and participate in this part of the Cosmos Abistory which is very important because we are literally moving towards a new era. And then it's very amazing to see. Thanks everyone that
is better today. Thank you, D. Bendis, take a real accent, crypto-sito. Thank you, Zaggy, that ran the way to consensus because there are, there is cosmos consensus that is starting now. There are three panels, which is the first one building the interchains with detail. Then it will fall off the cosmos sub-pans.
which is pretty amazing because we have a Cosmos sub-bannel at consensus so hopefully there will be some alpha there and lastly IBC beyond Cosmos which actually today was implemented in Polkadotto which is pretty big news so a lot of exciting stuff
to Cosmos and is any last of crypto Zito? I was gonna ask do you know if there's a live stream to the consensus? Now unfortunately I don't think so because it's a paid event so I don't think we are allowed to do it like even to
Yeah, or at least the recording, hopefully, would be cool to share it also from the customer's account so that we can all see that it's always good to see our heroes on stage.
But yeah, I think that's it. Yeah, I think that's it. So when is the next one? Are we on next Tuesday? Yeah, it will be probably with the new throne because the proposal is almost over when it comes to the
vote in period. So that will be the next discussion basically what's next on neutron after the vote in period. We are still to define the date because there is consensus and not everyone is available but most likely end of next week.
Excellent. Alright, thanks. We'll see you. We'll see you all then. Bye guys. See you. Bye.