All right, good morning, good morning. Thank you guys for joining another liquidity alliance spaces. Oh, I think I just launched VASCO. One second, let me get them back up here. But today,
We have Facto Mind and from Facto Mind I have Nathan here. How's it going Nathan? Hey, I'm doing great as always is some technical difficulties with the spaces
getting up in all this week. Do we have everyone from Fact of Mind here that we need to get started? Yep, it's just me here. Okay, perfect. But we have everybody. Perfect. How's it going Vesco? Good morning.
You hear me? Yeah, I think so. Oh, okay. Perfect. Everything is banging on my side, but going great. I'm just like try to leave and re-log in. No problem. No problem. No problem. Give me a second.
I can take this minute to kind of thank the SAID community for joining us. You know, we do these spaces with notable, you know, market makers in the space to kind of learn about who they are, kind of what they do and kind of the services that they provide.
So it's a great opportunity for the sake community, for people like myself who want to learn more about this space to get some alpha. While we're figuring out some speaker issues,
And if you don't mind kind of introducing yourself, introducing fact to mind and correct me if I'm saying it wrong because I have a history of mispronouncing some of our, you know, some of the names up here. So, so without further ado, go ahead.
Now, your underperson right factor mining is a right pronounization. To be honest, naming convention in the crypto space is actually very complicated. I remember I was in some difficult time figuring out how to pronounce artifacts.
So I totally get it. Anyways, thanks for having us. Hello, say, community. Very nice meeting you. This is Nathan from team back to mind to share a very high level explanation of my team and what to do. We are a market and data specialist providing different types of services.
services to support the vector builders, like say. The scope of our support is not necessarily restricted to just liquidity provision or market making, but we also provide broader data driven insights that can be easily and readily be utilized by builders, like SATMs.
Hey guys, I'm on. I can maybe chime in from here. Nate and first of all, thanks for taking the time. I can give a very brief intro myself. If you guys are regular and are only putting the alliance in, you should know me already and the core team you're
would be consistent with the background and try to find out on these spaces to ask a bunch of technical and non-technical questions to our market-making friends. I would just like to start off and have a little bit more insight on operations at Fact or Month. Can you give us a little bit of
background or where you come from, maybe what are your unique selling proposition? What differentiates you guys? We're just back to this crowded market that we have right now on the market making space on the crypto end. And yeah, we have offices that do work remotely. This kind of stuff.
Yep, thank you Vasco. So we are currently 12 percent team based in soul headquarters and a Singapore office. So it's nice to have a little bit of this Asian bite to say ecosystem. You know, you know, because crypto markets are pretty in 2017, we
We have a little bit of a geographical diversity, let's say in this space, to support the liquid environment of the SAE, with extended Google coverage. And in terms of our background, the majority of our team did join from traditional finance industry. I personally worked
in US investment bank in New York City trading fixed in portfolio and ETFs. While some of my other colleagues came from our slightly different backgrounds, they did come from buy side backgrounds including quant-based hedge fund or high-preclyclyc-based trading proprietary trading firm.
So that's basically our overview. In order to explain how we are trying to add value by depreciating ourselves from other market makers,
So let me let me show you take a step back. So understanding of the liquidity and the market dynamics is very important for sure. Also, strong understanding of the
the market microstructure is very important too. In order to understand the market microstructure, we just have to do the deep dive in the data. While we are doing the deep dive of the data, we were able to find out this byproduct, which is a very lucky
be good by product that we are able to find. If the data they're going to be insights, we try to extract some builder friendly insights from our data sets to produce builder friendly strategies to support builder decision making processes.
I'm curious to know, so I know that you guys are very deep into the research side of things as well. You just recently published a very interesting thread about the catalyst for growth of the one under your TV, the Moxade ecosystem.
Yeah, also, Joe, I don't know if you're going to be able to pull that up, but that's a very interesting piece. And I'm curious to know, how do you guys approach research? Why do you think that's a value ad for your market-making operations or a general for the crypto space? And maybe you water the sectors that you mostly focus on.
That's a great question. That's for asking.
Long story short, there are about 42 50-ish research papers circulating out there in this industry with some sort of readership, right? You can think of Missouri, you can think of
those research papers coming from Delphi, those research papers are great, but in a lot of times those research papers are either hyper focused on just a hundred percent market site.
Basically, how to do your token selection, how deep this market turmoil can potentially go, or on the other side of the spectrum, there could potentially be hyper-technically oriented research papers such as Blackspace, Optimization, how to
how to select modern blockchain designing to achieve a achieving efficiency of your transaction settlement. So these kinds of insights are to be honest, very insightful and very helpful. However, those pieces of information are not necessary
for the Founding team. So our approach to answer your question, our approach is slightly different from those other research papers that's published by research leaders in this space because we want
focused on providing rationale and evidence to support decision making process for the builders. So yeah, I mean the latest, so we basically wanted to take a look into how layer two were DeFi oriented layer
once were able to gain a lot of traction in terms of TBL group, where total transaction account because we wanted to contribute to the SAE ecosystem. We are very excited to be able to join liquidity alliance, so we wanted to take a one step further.
And we realized, just as a very brief introduction, we realized that optimism, arbitrage, they actually had a quote unquote the catalyst point or the spark point where the TVL group was actually matched with couple different incidents.
rather than just seeing a gradual, very linear group trajectory across the time. So we just wanted to identify those points to be able to be shared to the same ecosystem so we can potentially consider what we are supposed to focus on, how we can make say ecosystem greater.
It's great to hear that you have this understanding of the market and you can help builders and say ecosystem included on a 360 degree manner not only on the liquidity and pricing front and just going a little bit around outside of one
currencies. Obviously we've seen a growth interest in a couple of regions, definitely not the US, definitely not the West. How are you approaching this shift in regulatory pressure from the West to the East? How are you positioning you guys for this?
That is actually a million dollar question. It's not a billion dollar question, right? Because everybody is trying to figure that out. Regulate for environment here is tough. And because crypto-cris market, the comparative advantage of crypto-cris market over the traditional financial
asset industry is the cross-progr operation that was easier. It used to be very easier. However, the challenge is arising from the fact that we can't readily and easily move funds cross entities to various different types of regulation.
Sometimes you can release but easy arbitrage is between multiple venues due to those kind of restrictions. To be honest, there's no rival good answer to this circumstance because by the end of the day,
We market makers or clients or any other institutional players will have to be klyseed on these values because at the moment, unfortunately, the file ecosystem is smaller compared to the size of the liquidity that we are seeing in centralized values.
That actually does provide huge approach for the sake of system because as you see the fight system is able to scale up as we move on. However, at the moment, just based on status quo, we
We are just facing a lot of challenges in this industry. So, yeah, I mean, we probably have to just be a little bit cautious and try to see how the regulations are developing across the regions. As an example, Korean regulation is very
different from the Google regulation at the moment. There are a lot of esoteric parts, esoteric terms that are introduced to the, introduced by the regulators. So, you know, as a community, we probably just have to, you know, share our knowledge base, share our insights across the regions to, you know, to figure out how we can
Yeah, totally agree on this point. And actually one of the charts that I'm more passionate about that it's going around on Twitter right now, it's the market share that decentralized exchanges are getting on the spot side on the derivative side as well with respect to centralized exchanges. And it is just slowly creeping up as infrastructure improves as many
new blockchain technologies, such as say, come to the market, hopefully that China is going to continue. And, you know, touching base exactly on this topic, I'm curious to know what percentage of your operations, if any, are on chain, in terms of like volume and liquid and provision operations.
Probably I have to give a wide range because sometimes our hedging becomes more active like cross CX versus Dx hedging activity picks up, that percentage can be as high as 50%.
given that the scale of the CX is very larger than that into the X, you know, our market share or operational share internally can be skewed to 28, let's say on average.
That's very insightful obviously there's no no precise way to answer this question, but I guess a million don't know that they have right now something that we're all Looking for especially on the save builders community is what is needed for this percentage to get to?
So first of all, are we in the path towards this direction? And what is going to bring us there? What innovations is it from an infrastructure perspective? Is this regulatory, is this just awareness of education? How can we bring the whole of crypto volume today on chain?
Yeah, I mean that does sound like a million dollar impression as well. So I'd say the unique characteristic of the cryptocurrency market, that you all know, or probably I have to phrase it as a threat, right? The very threat that we see is a custodian and a kind of
part of the risk, which is obviously a very big challenge in the script across industry because the way how hackers are able to assess smart contracts, because smart contracts are ever evolving, new features are being introduced to the poor contracts, and as these contracts are changing
The vulnerability points also increase as well proportionally. So I say cost-efficient risk is a big challenge here. To be honest, volatility and rapid price movements in the deep-by space or just on-chain space were what he had initially anticipated. So volatility and
rapid price move as itself are not necessarily the top prime threat for market makers or liquidity providers or even for traders. It is just nature of this business or nature of this industry, but the counterparty risk arising from some cases is
especially caliper risk variety from the CX is actually mind-blowing. DX is not necessarily 100% free from the caliper risk, from the smart contract risk perspective. So you can be both the purchase risk for the growth, but at the same time it can be the harder for the growth as well.
So if we can be better right if we have all you know and That was actually one of the reasons why we are super excited to see say say team because the team is the very strong understanding of the markets and Technology site building you know execution and a trading friendly nail one. You know that was that was all
What made our team super excited? Thank you very much for the generous words. I have a question that you kind of answered already, but I want to direct it more towards helping our builders because at the end of the day the liquidity alliances is exactly about this supporting the builders of all exchanges of any sort in the SA ecosystem.
And given all of the pain points that you mentioned, and I'm sure there are more than many. So in terms of like integration with decentralized exchanges, smart contract risks, what do you think and builders do to address the pain points that you as market makers find in providing liquidity?
directly on these exchanges. Like for example, something could be normalizing their API integration for you guys to just plug in and provide liquidity instantly or getting audit-fed. What is the step-by-step process that index builders should make in order to make your life easier for this way?
Yeah, that's a good terminology. Make our life easier and your spot on. You know standard, I say, so the API can be usually appreciated by liquidity providers or the service provider, one chain service provider like us because standard because standardization obeyed.
are not necessarily make our life easier, but our life is safer. The reason is when something is standardized, we just have to keep practicing. We end up practicing over and over. On the same same form, same integration process, implementation process,
There is a failure of APIs, put from the server, sorry, put from our end or your end, whichever reason. We can accumulate knowledgees, how to tackle those problems. We accumulate knowledgees, how to
how to basically have a safe cart, safety nets, in all the instances of those potential failures. So yes, I think the standardization of the APIs, having enough insufficient documentations of that APIs can also be extremely beneficial.
Sometimes, whenever we do end up speaking to DeFi, ecosystem builders, sometimes they don't even provide some high level view of their code structure or sometimes the development
a pretty stock basically. And we have to stay engaged verbally, sometimes in person to figure out how their smart company is structured basically, which can be a huge pain point. So yes, I think standardization solves a lot of problems.
I really well said there. I think that's what I have. Here we go, but I just want to sit. No, no, no problem. I just wanted to firstly commend you for your transparency and just kind of answering the questions that we throw at you, you know, and it's.
I don't think we've had the chance to speak to a firm based on a Singapore before. So I really appreciate and value your insight there. Vesco, if you had any other questions, go ahead. I didn't mean to interject. >> No, you were a great man. I thought I -- my mic was off.
I just wanted to direct the conversation. I just have a couple of questions that I'm going to use them to show say a little bit. So direct the conversation a little bit like towards the infrastructure that we're building. And I think the main question here to be answered is,
How important is latency for market innovation, for risk management, for potential integration with decentralized exchanges, and bridging the gap between what we have on the distributed systems with respect to what we have with centralized systems? So, yeah, this is basically a very big question that I wanted to answer.
I think a latency at the moment is less of the concern sometimes because we're just in a comparative scale. BASCO as you are already very well aware given your background, latency in the traditional finance market is very important, right? People are
finding over how short their wire could potentially get by placing by co-placing co-positioning their server to the exchange, right? However, there's no such thing in crypto market just yet. The latency more, the
So the scale of the market efficiency hasn't just reached the inflection point just yet. So for people to fight over the latency. However, that is for the market maker side. Lay latency work in between market makers is probably less severe.
appropriate latency on the ecosystem, basically what say is trying to promote. I think that is very important because you know think about it like imaging back to the three years how inefficient on chain execution
layers were providing those very low quality executions. That was a big hurdle for the reader participants to break into this experience. That was literally the number one hurdle for people to execute their trades on on-chain. However,
as a latency gets lower on the ecosystem level and as the trading efficiency or trading experience gets better both from the liquidity perspective and the technical perspective lower gas fee and faster execution, I think that can be a game changer. I think that can be a game changer for bringing a lot of people.
on chain and that is having just a limited size of a pie or limited size of the market due to the lack of the retail participants at this very moment is a huge order for the entire defy ecosystem. Thank you very much for the very in-depth context here and I guess this
This was one of the technical questions that I had. I don't know how much time we have left, but I just want to touch upon one other big topic that we haven't discussed yet. So obviously, again, this space is to address builders in the state ecosystem and making sure that they can wrap their mind up to what's how
and where to build the next one based on the central exchange. So I wanted to pick your brain a little bit on the infrastructure side of the DEXes, specifically the difference between IMMs and the audiobook style DEXes. We've seen a lot of OB DEXes arise, especially in the last year, as infrastructure
that's because that becomes possible on-chain as well. So what are the pros and cons? And maybe take it also from a market maker perspective. Is it easier? Is it less easy for you guys to hedge on order book exchanges with respect to IMMs? What are IMMs good for? What are order book exchanges good for?
Another great question. So a them as you suggested a mms versus order of models have a pros and cons with both ends right because a mm forces a capital deployment capital commitment upfront right in order for liquidity providers to
to provide liquidity, you have to basically put a chunk of the capital upfront. And then basically, committing your liquidity or liquidity pool in the AMM model, it is essentially same as filling up the order book,
maker's perspective, working on order book model is to be honest, it's way easier from the risk management perspective, but from the operational perspective, it can be more burdensome, right? Because we have to constantly calibrate for the fair value in the market over the target security, sorry,
of the target token that we're trading. And then, you know, contrasting to that, contrasting to that, LP, you just deploy your capital upfront and then you adjust your position once in a while. So operational burden versus risk burden, I think those are pros and cons.
>> That's exactly how I would have expected you answer that question. I want to ask you a little bit of tougher one. This is probably a direct attack. I'm curious to know how you're going to answer this as well.
trend. Currently the latest is elixir who is integrating with say network and there's a lot of different protocols that are trying to decentralize and make it easy for less tech savvy people and even like not institutions to provide liquidity among the taxes and on exchanges on chain but also on central exchanges. We know the hummingboard
So do you think we're on a path to an extension of market makers how we know them today? Or do you think there's always going to be a place for more sophisticated players to make sure that markets are liquid and crisis and growth? Sorry for the tough question, we're expecting this to increase to know what's your take on this.
I think these kind of approaches are very interesting from the innovation perspective. What is challenging? Let me just take
Let me just take a step back and draw a question to everybody in this space. Have you guys ever made a limit order on exchange?
And if you're saying yes, then you are essentially a market maker, right? So the very definition of the market maker is to make a limited order by providing liquidity rather than taking the liquidity by joining the queue on the order book to feel somebody else's execution, right? That's the that's the dictionary definition of being a market maker.
market maker. Right? Market maker is somebody who's just constantly and frequently sending such order on the order book. So based on that, based on that very definition, let me tell you something. Market maker, when market making is done most legally legitimate way by not touching the equilibrium price. So just providing the
liquidity on the order book, host only. Market makers are very likely to lose money. Market makers are very likely to lose money. The reason is whenever I'm participating as a liquidity provider, I'm basically taking the opposite side of the market. And there is something, you know, this thing called adverse selection.
Therefore, whenever somebody else in the order book is trying to hit my deal to or lift the offer, meaning somebody is trying to say like it's me or buy you a case in my order, then I am basically taking the opportunity to market. And by that nature, if somebody is going against the market, very likely he will lose money.
So I think the novel concept of extending the capacity for everybody to be able to participate in the market making is great. I think there is a great marketing innovation, market structure innovation. However, whether there is an economy that is sustainable or economic benefit for
all these participants, I think that is a big question that we have to ask. Very, very political answer man. Now I want to thank you for just answering every single question that if you... This is it for me to be honest. I think like every day all of my curiosities have been answered and I think we covered pretty much
everything I don't know if Joe wanted to add something to this or maybe we can I would just say man I feel like like a student in class Nathan that you know I'm sure you're an excellent mark maker but if you ever wanted to be a professor I think you would be you would be great at it because this that was very
insightful and a very great way of explaining it to the state community. So if you guys don't mind, there's probably a few questions from the community, maybe some about market making, maybe some of us say in general, I'll bring up a few speakers and then we'll kind of wrap it up after their questions if you guys don't mind.
Alright, let's uh, this gentleman has been patiently waiting. Let's see if he's still here. Is she still here?
Alright, OX Ron, how's it going?
GM sir Yeah, so I just have a few questions especially for the Fat2 Mind Compining
I love the red knit and spoke very well. The question is on the market making side and also about the question. What's the first question is what's
other things is the fact to mind bringing to the CA projects. At the end of bringing in other things in a platform just in marketing or do they have any other other aspects being supplied to the CA project.
Thanks for the great question. I think I can keep my answer pretty short. We will be watching the same community. We will be watching what's happening within the same ecosystem by delving into the data sets.
And when the say goes to the grand launch and then we entice a lot of transactions for retail communities or institutional players, we will be monitoring all these steps to share anything interesting. And if there's anything that extra interesting,
they can potentially contribute to the SACE-ODITIONAL group, then we will share it for the ecosystem. That's what differentiates ourselves from other participants or other market makers that are the same. And that's why we are trying to keep developing from our side.
Yeah, all right. Thank you. So one last question. I'm is it can I is it possible to know the how big or the percentage of the value or should I be less in percentage how big the fact to my
is going to become an advice. The percentage of facto mines being able to provide for this project, like how big is for Toma and Contributon and liquidity are known as for the projects.
I did a Lenscher 100% because we love say ecosystem and we are excited to be able to part of it. I guess it's 100%. But to be honest, real listing answer could be potentially double digit or
The projection can be a little tough to be honest, right? We first have to see how the transactions are happening, what kind of builders are doing the ecosystem, and when you see everybody's, you know, radio or bright, you know, then we'll have to calibrate how much of the contribution we can bring in. But once again, our goal is 100%.
Great question. That was my hatch. Great question and great answer. I think a lot of market makers have this connotation. We don't hear from them. We don't really see them on our feed. It's really nice for some of these
liquidity lines partners to be able to come up and answer these questions directly. And you know, in fact, I'm on I pinned kind of some of the a recent some research that they did to the top of the spaces, which is just another sign that you know that they kind of go above and beyond like no one asked no one asked for for them to make this
It's just them making this data and in presenting this data to kind of take an extra step and giving back to the state community. So it's really awesome and awesome question and response. I do have another person and I'm going to bring up. So thank you, Ron, for that. Warlord, how's it going?
I can bring up someone else in the meantime. Seeing a lot of familiar faces. Here we go. Hello. Good afternoon.
You'll get after noon. How's it going? I was going to find my own allow to everybody here in the speaker panel My name is David and I have a couple of questions that I want to you know show the Nathan And I have some questions that I want to throw at Joe also, so
My first question goes to, "Found a Factor Mind as a whole. Have you worked with any reputable projects in the past, or is this sort of like a first review for you?" And like the speaker before me just said,
What are the plans do you have for the ecosystem that is size as a whole and what are the future plans do you plan on just you know providing liquidity and after after a while when say launches you just you know just take a pick up your bags and run is
is it going to be like that? Or so I just want to know the general picture and the projects that you've even worked with in the past so that we just know that we are working with a reputable brand. That's my first question. And the second question goes to the official SI account on Twitter.
I noticed that the discord was a full couple of days ago and you people do not really, you know, set new people to come into the ecosystem. But my question for that is there are some people in the community that have most
multiple wallets that have multiple discord in them and people have been having difficulty in joining the community. So what is the plan that Say has to onboard actual users and not bots? So that's my separate question.
Thanks David for your question. So I think I'll be super honest super straightforward. I don't think we'll be able to focus on just liquid to prove yourself just marketing itself. I think the greater value proposition that we can bring to the say ecosystem is
by providing the data driven insights. Because early on, what can potentially be beneficial for say ecosystems to figure out the right promoter strategy, right timing, right details, to boost PBL, in times as many retail participants as far as
So, I think the initial scope of the support that we will be providing is probably coming from the research site. Given that, by definition, we are not going to be able to do that.
We will be providing these researches for free because we initially we want to be helpful for the ecosystem for the community. Our goal is to grow the total size of Pi rather than try to take a piece of it and run away. However, us providing these research driven data, data driven data,
insights and we are not taking any compensation and by definition there's nothing to run away with, right? So I think that is a better answer and to answer your answer your another aspect of the first question. Yes, we have been operating on their staff mode to work with a lot of our equitable clients which
can really name them because clients don't want to, just shout out their names. However, the vast majority of our clients are subscribed to our growth solution with our research insights. So I think the profile I can
probably share some profiles over our clients our clients are best best majority are gaming companies and infrastructure players across the world all right all right thank you so much for that answer that pretty much you know answered all of my questions so I like yeah I can I can
So it's not that we don't want more people in our discord. Trust me. I have been working tirelessly to get the server capacity increased from 500k to a million. I'm probably a lot of him.
I'm gonna mute you real quick while you do that. You know, it's kind of out of our hands. It's like when our Twitter account was stuck with in Denver, you know, we just have to wait for Discord to approve our appeal. And, you know, our Discord has the highest level of server-vary.
So to just join you need to have a verified phone number and kind of the highest level of verification settings So trust me we would love to add and every day that it's closed We're kind of losing out on you know thousands of new sailors and discord, but you know we're working on it and we're not gonna do
anything that's only exclusive for the discord members that other people can't. So, I'm just a shared word on it. You know, I'm getting gray hairs trying to get this thing open, but now we're working on it. So, appreciate the question, because it's something I wanted to address as well. All right. Thanks for that. And before you move on to this
speaker, I have just one more question, one final question. The question is, do you have, what is the compensation plan going to be for beta testers? Because, you know, quite frankly, I don't think like anybody, you know, kind of, you know, reviewers to work that we, you know, do in a lot of projects.
So what's the compensation that they're going to be like? Because a lot of the community do not actually like what Sui did. I don't know if you know what Sui did with your rewards. They kind of sort of just picked addresses randomly and sent them emails for them to be able to participate
the launch. So that was really really bad and the community did not like that sort of thing. So we hope that side does a better, you know, and the more intuitive thing for the community because, you know, we're always vibing and discord. You know, we're always saying GMGM, we're always giving
We're always, you know, helping each other out in any way that we can. So we hope that the SAIC community, the SAIC team does a better job at compensating beta testers because I believe that the project is still in early stages and it's early stages because I do that. The main thing is coming very soon.
So we hope that the SAIT team actually does a better job in providing a better compensation plan for the beta testers than what Sui did. So what you take on that? What you take on that? Yeah, I think from everything that we do,
At say we value the community more than most layer ones do and you know that's that's a value that we hold to like the highest degree and that's a value that will reflect on kind of our future plans and in what we have intended so yeah yeah I'm I'm
aware of how they go and how other ecosystems went. We do have to say community best intentions. Obviously we don't want to shoot ourselves in the foot and make the people mad that contributed so much to our success.
If you've been to any of our other spaces, I can't share exact details because I do value my job. We are working day and day and night to get all these documents ready and all these materials ready to be announced when the time is right. And it is coming.
I'll just say stay tuned and you know kind of buckle up because it's going to be a big couple of weeks. So it's not an exact answer that you probably wanted but it's kind of the best I can do. Yeah, yeah, yeah, man. I appreciate that. I appreciate the effort and this was very helpful and I wish you all the best moving forward. So I'm just
You know, just go back to what I was doing. Thanks a lot, man. Appreciate it. Good questions, guys. And I think this is also kind of a good place to wrap up and give some time back to the teams. You know, we got some stuff we want to drop later this week and over the weekend. And I'm sure FactoMind has a, you know, crypto market stone.
stop like like what he said so thank you everyone for joining the spaces and for being here Nathan do you have any kind of concluding thoughts before I wrap everything up? No I wanted to thank again everybody and we were just
very impressed how strong say ecosystem and say communities when you are initially introduced to say team. So thanks again this Twitter space was awesome to you know to first-hand experience all that and just a few reminders and you one of you from the builders from say ecosystem is
coming to Korea for Korea blockchain week in September. Please let us know. We'll try to show you some cellphone in September. I will be there for sure. I just wanted to add a little bit of a shout out to the Builders community. If you guys are interested in what you see, please
to reach out, either to Nade and to Mia to say to the account, if you want to get in contact with back to mine, then no more about their services. We have a forum that you can fill out from the liquidity alliance. And yeah, we will open our hands to every builder interested. Thank you guys. Perfect.
with you know, a place to wrap up the spaces. Thank you everyone for joining and very insightful spaces. Thank you, Factor Mind for blessing us with your presence and your education. So we'll see you guys on the next spaces and see you guys in Discord if you can get in or see you on Twitter. So cheers everyone. Cheers guys. Cheers.