Hey, hey everyone, we're going to get started in just one minute. Welcome.
All right, I think we are ready. So welcome everyone. My name is Sochi Kazzador and I leave ecosystem growth at the solo foundation. I'm very excited to be here with all of you today. We have a special Twitter space that we are doing live from consensus Austin at the ReFi app.
house. So very excited to be here with Kamal from Chainlink and from Merrick from from sea labs to talk about the cello and Chainlink integration. So I wanted to kick it off by having each of our speakers introduce some selves Kamal would you like to get started?
>> Hi, everyone. My name is Kamal. I'm the Chief Product Officer at Chaining Labs. So Chaining is a Web3E services platform. We provide everything developed
need to build modern web3 apps, be it in providing data, compute or question use cases, very, very excited to be here today and do this space with your
Hello, if you're new to sell it's a EDM compatible proof of stake network. It's frequently cited as the first proof of stake, EBM majorly
there one out there, launched around three years ago. And it has a real focus on ease of use and accessibility. And yeah, really excited to be here.
So I know that for our community out there, especially our builders and the Reef Ice Base, T-Link has been one of the most requested integrations of the ecosystem. So we're very excited to
This is this is coming to life. I wanted to kick it off to you come up first and talk a little bit about use cases and the chain link services that really were able to unlock with this integration for developers both now and in the future.
Sure, so as I mentioned we're really focusing on building this web twee services platform around these three use cases data compute and question now web three is just really incredible opportunity for developers to create apps that all
are provably fair, they're transparent, that essentially let users remain in full ownership of their data and their assets. But any of those really exciting use cases require one thing. They require connecting
the on-chain logic to a web to be for data for compute and that's what that's the problem that the chain link solves right so the first area is just in DeFi any DeFi needs external price
data and that's been historically where ChainLink has created this incredible standard thanks to all the partners working with us and that's really the first big use case that we see and that we're really excited to bring to the seller community.
In the other areas where chain link has been, I really find a lot of success with developers is in compute. So for example, automation, helping create apps that will automate certain processes and fully trust, minimize conflict industry.
way and then there all the cross chain use cases that are also really interesting. So these are the three main areas that we help developers with and I'm really excited to bring this to the seller community. I think the mobile first angle is really
really incredible. I think this brings a level of accessibility that will open up really interesting use cases. We're very proud of all the amazing partners that we've been able to build this standard with just to give you an example.
an idea of order of magnitude, I believe we're getting close to the $8 trillion value enabled in the last 12 months, which is pretty incredible. And so, yeah, we're excited to see what cell developers are going to do with chaining services.
Yeah, I think those services are really awesome as I think those of us in web 3 know that the developer numbers have just been growing and it's great to create services and features that are going to make it easier for developers to onboard into web 3. So really, really exciting.
I love the most about Web 3 and a little biased here with with solo, but is this composability so how we can take some of the building blocks that exist in DeFi and apply them to new and exciting use cases that have real world impact. Wanted you to
to kind of touch on kind of what you're excited about with this integration and kind of what this opens up for the broader ecosystem. Yeah, absolutely. And then maybe just a little tiny bit of context for people who are on the in the channeling community and it might be new to
I mentioned that SLO is kind of an EVM compatible with the sake chain. With kind of accessibility in mind, what does that actually mean in practice? It means that SLO
So, SELLO was built from the ground up to have a bunch of features that make it particularly easy for people to build really delightful and easy to use mobile applications on top of. And so, SELLO has this primitive called social connect.
that lets folks connect the phone number in a privacy preserving way to their wallet. This allows people to send payments to any phone number in the world. And it also has the ability to pay for gas with the RC-20 tokens, which means that if you're sending a stable coin,
to someone, for example, to someone's phone number, you can pay for gas with that token. And then to round it off in order to make all of this work really well in mobile devices, SELA has a Ziki Snark based client that is particularly efficient and only needs a particular bites of data.
to sync with the chain, which is really elegant. And so, thanks to these features, there's a lot of mobile defi applications on cello. And so, I think these are certainly projects that are particularly excited about.
trading with Chainlink, anything defy related, certainly as we've seen on other networks can benefit hugely from price oracles, you know, then the market's being the main one, but also stablecoin protocols as well. And then,
A second big use case on SLO is regenerative finance. This came about because SLO was the first network to offset its carbon emissions. Three years ago, through on-chain governance proposal, that the community passed literally a week after the network was stood up.
And regenerative finance, if you're new to it, it's a type of defy that tries to have positive externalities instead of negative externalities. Initially, a lot of these projects are focused on climate, having positive externalities related to climate. And, and certainly,
the RIFI protocols because of their connection to the real world. I think I was also particularly interested and excited about this announcement because frequently bringing off-chain data can be quite useful for them as well.
This I think is a good segue, come all to the work that she link is been doing obviously their books like Charlie Moore that have been leading the charge here, but
But I'm curious kind of from your perspective, what you think are some of the most exciting opportunities for developers to make significant real world impact using, using Chainlink.
Yes, I think what I find particularly interesting in the mobile first approach is the accessibility on a global scale. And because we're really just the early stages of the full D5 promise, I think that's the area
that I find the most interesting provided providing the unbanked or the underserved from the financial service perspective with those instruments, that's what defies all about. And I think combining the power of the chain link
services and the data feeds, the new low latency Oracle product for derivatives that we're working on as well. And we just announced a partnership with GMX there. I think just that new case is going to be pretty phenomenal.
The other use case that I find very interesting as well is in the ReFi space. So before tuning the Clubs, I was working in AI at Google, leading TensorFlow, Google's machine learning platform. And there are a lot of things
that you can do if you can combine satellite imagery, AI, and then bring that information on chain. So for example, you could very easily bring the information on chain, or whether a given parcel has a forest or not.
and the latest product we launched at E-Denver, Chaining Functions enables any smart contract to bring any information available from Web2N time on chain. So I think bringing those together with cellos, REFI approach would be very exciting.
Super super cool. So we we I wanted to make sure that we have a second to talk about a chain link scale. This was really exciting because it was actually
put forward as a community proposal within the cello ecosystem. And it was exciting to see a lot of the support around this. And Merrick wanted to ask like from your perspective,
You know, you know, curious kind of your opinion in terms of the community sort of rallying around this and what you think this brings to the broader ecosystem.
Definitely. Yeah, and I think it's a, you know, to testament to the power of on-chain governance. This was a really exciting proposal to follow. I think there was a lot of discussion and both on the forum and also on various calls.
which is really exciting to see the whole community come together and really dig into this so much. And so just for context, T-Mobile and George Telecom, who are pretty active, I would say, in both the chain link and cello ecosystem, they brought forward a proposal to
to use the CellO community fund, which is a Dow governed by CellO holders to fund a chain link scale program on CellO. And the proposal passed with I think over 99%
and support and it's a pretty sizable proposal and yeah it's really really cool to see all of that happen and you know of course this unlocks this new partnership with Chainlink but also
a big pool of capital for subsidizing Oracle reporting on-solo, which should be hopefully interesting for developers who can get started with Chainlink Oracle's on-solo without having to pay for gas for those price feeds or those function calls themselves.
And then in terms of why the community voted so much in favor, and I can only speak to folks who I interacted with while discussing this proposal. But generally, I think certainly the solo community is excited about Chainlink.
and C's chain link as a very fundamental primitive for building D5 but increasingly also a RIFI applications. Certainly it's the market leader and if you talk to the DevRel team at the Sola Foundation, it's frequently
decided is one of the top requested developer features from the community. And so I think there's a lot of projects that can now be unlocked with with Chaining coming to sell out. So yeah, really looking forward to it.
And just quick follow on so we are obviously at Contentsist the Reefi house and we spend the last couple of days hosting builder events and builder breakfast. You know what kind of conversation are you hearing from developers like what what
level of innovation or what kind of innovation are you excited to see from developers now that they have access to Tainlink? Yeah, I really have a question. I think in the tokenized carbon-optic credit space, I think there's a lot of YouTube
for Chainlink and Oracle's in general. I think voluntary carbon credits frequently get a bad rap in the broader industry because there are some problems with them. I think they do a lot of good, but it's still a
relatively new field and historically there have been some issues around quality. It's not always very obvious what is the actual impact and quality of the carbon credits that you're purchasing. That's made worse because these things are traded with OTC.
desks in Israel, little price transparency and price discovery. Sometimes they're even double spent or double retired. And so crypto really is a great enabler for solving these issues, right? You can't double spend on blockchains. You also have great D5 protocols that give you great price
transparency, but critically on the quality front, this is something where I think crypto and specifically oracles can really, really help because what you can accomplish and what a lot of refi builders are excited to accomplish is a way of bringing what people call MRV
on chain so that you can measure, record and verify the impact of these credits on chain in a way where anybody interacting with these credits can easily see
in a verifiable way on chain that these credits are having an impact that they claim. So earlier, you know, I'm always talking about satellite data and using AI to infer whether or not, for example, trees
that were planted as part of a nature-backed asset credit are still there. That's one really great example, but you can also have methane sensors and a whole bunch of other different sensors that can report on the impact of these.
initiatives and if you can report those things back on chain, then you can bring a lot of certainty of the impact of these initiatives, of the impact of these online credits to the people holding them or to the people considering buying them.
amazing. And for those of you that are wondering when I think the teams are very busy on the integration and I know that there are several activation events planned to engage
more builders in the space and so really excited about the next steps here. We have a few minutes and so would love to open it up to anyone in the audience to ask a question of Merrick and Kamal.
Sure, yeah, if anyone has the question, feel free to hop up. While people are maybe thinking about their questions, I had an interesting thought when talking to them all earlier. Today, that might also be interesting. I think, you know, just on the topic of future
use cases, it just occurred to me that because Cello has a Zigi Snark-like client, one interesting potential use of Ancien oracles is actually to provide a verifiable off-chain data
that can be actually timestamp reliably. And so any on-chain Oracle, any output of any chain link function on cello can be then probably verified at a certain block height off-chain using the very efficiency case narcoleye client.
And that can be really excited. I'm not sure what the use cases are that could be, but I could imagine this is probably a few out there. So pretty, pretty stoked by that. Yeah, I think that's, I think it's a really interesting capability because what
But we're talking earlier about functions and how this essentially you do it yourself mechanism for developers for whatever use case they have in mind. What functions they can essentially go pick up the data from any source that they'd like and get it on
chain in a fully decentralized and secure way. And that's really what we've seen is this opens up so much creativity and imagination from the developers and they come up with ideas that we would have never really imagined. And I think
combining this with the mobile first approach, the accessibility, and then now you can add up this functionality that something is signed on chain and you could verify it from an off-chain perspective. I think that we're going to see some pretty incredible things.
Yeah, I'm excited. I did see a question pop up. Come on, this one might be for you. The question was asking if chain links VRF features coming to sell. I'd believe it is. I believe this is part of the scale agreement.
I don't have a particular timeline because I guess this is going to be the next question, but the answer is yes. It's awesome. Amazing. Well, if there aren't any more questions from the audience
definitely encourage you to follow along with the Prosper Newsletter. We'll give announcements in terms of the chain link integration and look for more updates from us on the progress. And thank you all for joining us here at the Reefi House virtually in Austin.
Thank you. Yeah, it's been great chatting. Have a good one everyone. Happy Friday.