Hey everyone, this is going to be a space with EtherFi. We should be getting here started in just a couple minutes once we get everybody on stage.
I think we're almost good to go here.
We need one more person up on the stage and then we should be good to get started.
We can get started without Mike too if you want, but whatever works.
Yeah, I would be down for that.
So I figure we'll just kind of start with some personal introductions.
We can talk about Wales Market and what EtherFi does.
Kind of do a little bit of an announcement of the listing and then we can get into the questions.
Cool. So my name is William.
I am a member of the partnerships team over Wales Market.
I just joined a couple weeks back and I'll be running this space today.
We've got EtherFi here with us.
The CEO of EtherFi should be joining us here in just a few moments too hopefully.
And yeah, pretty much just announcing the loyalty points market launch that we had on Wales Market.
And then we had some questions prepared too about just kind of the general overall view of the points market
in addition to what EtherFi does as a product.
Do you want to do an intro for yourself as well?
Yeah, Mike will be on here shortly.
My name is Rock. I'm one of the co-founders over at EtherFi.
I run our growth portion of our business.
So yeah, we are a liquid restaking protocol.
So when you mint EEs, you get staking rewards, EtherFi points and eigenlayer points.
We have about 1.5 billion in TVL.
And you've kind of grown pretty quickly here and super excited to be on chatting with Wales Market today.
We were really excited about the partnership with the launch and everything.
So it's going to be good to chat with you and kind of get a little bit of your thoughts on that process
and kind of your thought process like when making that decision with everything as well.
I've got some questions about that.
I guess anything specifically like you want me to touch on that?
Yeah, should we wait on Mike or should we wait on Michael or should we just get straight into the question?
It's just not like a call with him.
He's running a little over.
So he'll be on at some point.
So I think we can just get started.
Yeah, that sounds good to me.
So yeah, so obviously here to announce the listing of EtherFi loyalty points.
We have those up on the market now.
So if you're interested in getting some exposure to EtherFi as a product, you can pick some of those up.
But yeah, I wanted to start off with some like questions around your thought process when choosing to do loyalty points and to do a points campaign.
I'd love to hear about like your decision and kind of what do you think the benefits of doing a points campaign versus an immediate airdrop are?
And how does that help with like community growth and all that?
So we came up with points back in March.
It looks like Mike's on there.
So we came up with points in March.
We were a bit nervous that we were that we kind of created this points mania.
But we found out there was a there was one protocol who did before.
So we're not the reason for all the points.
But it's been super great.
I think one of the things that is great about it is it gives real clarity instead of like just random actions that you kind of have to guess about if you are a if you're a community member, right?
Like, oh, like, well, we think that they want us to put some liquidity over here.
So like points is just a very clear and easy way to incentivize actions that are helpful for the protocol and then let the community kind of take the appropriate steps.
Yeah, that's a really good point, because I feel like a lot of these airdrops previously were like super speculative with people kind of just like guessing.
And it does it does definitely provide a little more clarity this way.
Yeah, for sure. I mean, I think that that's the biggest thing, right, is like whenever you can get more clear on things and like, again, we haven't said like anything that points will do.
But like it is super, you know, I think that we've just kind of seen that in the past and like what people have done.
Yeah, just it's we can be very clear, I guess, for a community about like what's helpful for us as we kind of go.
It looks like Mike's on now.
Yeah, that makes a lot of sense.
Hey, guys. Hey, how's it going, Mike?
Hey, yeah, sorry for the name bit late.
No worries. It's all good. So we did some personal intros. Do you want to do an intro quick and to either find you as a person? What do you do over there?
Sure. Yeah. So I'm the founder of it. Right. And me as a person. Oh, my God.
I started either. Right. I like pilot. I like flying. I like either. That's about it.
Okay, cool. The pilot thing is interesting. I didn't know that.
Yeah, that's it's a fun hobby. Yeah, definitely. It's kind of the opposite of the crypto very orderly and non non non speculative.
Yeah, that's interesting. That's pretty unique hobby to have.
It's pretty cool. But um, yeah, so we were kind of we were already talking a little bit about like, the decision making it either by specifically and why you guys chose to do a points campaign.
But I'd be curious to hear your thoughts on that. And specifically, I can get into the next question as well, which is kind of like adjacent to that.
So I guess just like talking about the whole points meta in general, not just either.
Do you think that other projects should consider doing point based campaigns to drive user awareness and engagement? And speaking to like the pros and cons of that as well.
Do you think that there's any significant negatives to doing that versus kind of the more traditional things that people have done? Or is it pretty much like completely a good thing?
Yeah, that's that's a great question. I would say that if we were doing things today, I don't know that we do a point system like we believe it or not, like when we started this points thing, this was like back in February of last year, when we first first launched, we pretty much immediately launched the points thing.
And nobody was doing points, we pretty much launched it in in parallel to blast, which we didn't even know was also doing points thing.
So we definitely, I think, bear some blame and responsibility for the points insanity that has ensued.
And it's just gotten so crazy. I don't know that I do it again. It just feels like it's, it's almost it's overdone now. I don't know what I do instead. But like, I don't know that we do it, do it again.
And so what are the pros and cons? I mean, obviously, like the the advantages, like the like real clarity about what you want to incentivize encourage your users to do for a staking protocol, it's particularly easy.
Because it's just like, you just stay to me. That's what we want you to do. Stay to me, then maybe go use it and be fine. For like a Dex or you know, NFT thing or whatever, like it becomes a little bit complex, because it's like, well, which what exactly what kinds of activities are most beneficial for for the long run.
So I think we have it a little bit easier. I mean, the disadvantage is just like, it's the risk associated with like, it's so it's become so linearly tied to like airdrops, which is just it's not supposed to be like that's you're not it's not like, and we're, we certainly have not said if there's any connection between points or tokens.
So that, that just makes it like more, you know, challenging to, to kind of really roll out and get get behind. So that's, that's really the downside. And then some people are just going crazy with points and like really abusing the point system, I guess.
And maybe we could be accused of that too. But yeah, I think that's, that's the other downside is people have just gone gone nuts with it.
That makes sense. Actually, I did have a question kind of revolving around this. I wasn't sure if I was gonna ask her novices. It's kind of coming up conversationally. So I, I don't know how you guys feel about this. I'm not sure that we're like close to being at this point yet.
But is there anything you think users for projects should look out as far or look out for, as far as signs that the points meta may be slowing down because I mean, as you said, it's getting pretty saturated at this point. So I wonder if there will become, or if there will come a point in the future where protocols kind of stop doing that as much.
Yeah, I think so. I mean, I don't know what else you can do.
Because like, it is kind of like a really nice system. You know, what people are doing, right, it's the same thing as like, they're doing shards, or they're doing pearls, or they're doing, you know, whatever.
So okay, that's a slight like tiny variation. But obviously, it's the same, the same basic thing. So yeah, so I don't know, I you need to confer some sort of maybe
I think you're cutting out a little bit. Are you cutting out for anybody else? Or? Yeah. Yeah, he cut off for me too. Oh, you're back there, Mike.
Oh, sorry. Yeah, I'm just saying, I don't know exactly what you you can do it what else you could do it. If you're trying to communicate what you know, a value the user has to the network, like you got to do something. So maybe you make it more qualitative, rather than quantitative.
Yeah, that's an interesting point. I'm sure that people will eventually come up with something. But I don't know that we have like a super green answer for right this second. So
But yeah, I can, I can kind of move on to the next question. So you guys had a pretty clever tweet that I liked the other day, where you mentioned how whales market yourself are putting a price to loyalty. What sort of effects do you think commodifying things like that has on such an open or what kind of effect do you think commodifying like that things like that on such an open level has on the market as a whole?
So I guess speaking to not just like having points, but also protocols like whales market coming in, and creating markets for those pre market.
I can step in that maybe makes out but um, yeah, I mean, I think it's interesting, right? Like, so the the points model that we like points were widespread when we were there.
When we were thinking about this, and like what to do, we actually use the airline, like the airlines like loyalty point system, and kind of modeled it off of that it's it's like pretty pretty genius. And so, or, you know, go look at credit cards or whatever, right, like people have loyalty points, and there's some like, there's some tangible value that comes with that, right.
And so, like, you could use your loyalty points to buy, like an American Express to buy a flight or a hotel or whatever it might be. And, you know, there's different things that you get a different value per point on, right.
And that ultimately brings capital into their credit cards. And so, same thing with with airline miles, or airline points.
So like that, that was kind of like our thoughts, like, when we started to put the thing together. I agree with Mike that, you know, it's kind of just taken off and taken like, next level on things.
So like the active, I think the active farmers will just accrue more points, it's too much to follow, candidly, like if you're just like, just kind of hanging and chilling. But, you know, we made sure that if you just hung and chill, you still will will accrue and like, we've done boosts for people who've been with us for long periods of time and, you know, there's different like things that we've done around that.
So, anyway, it's, it's, that's kind of how we brought it up and like what we, you know, what we wanted to do on that. So, yeah.
Yeah, that's interesting. I think that analogy to the like airline miles kind of thing is, that's an interesting way of thinking about that and really thought about.
Yeah, for sure. I mean, in like, you know, I think that the, you know, like, for us, when we were thinking about it, so it's like, we continue to do that. So it's like, we think about into the future and like where we're doing things, you know, the people who have more points are like, you know, more valuable.
Like, and so, and just because you don't have as many points now doesn't mean you can't get them, right? So it's like, if you just said, hey, I love EtherFi, like, there's tons of things that you can do to like continue to accrue points and just like make them kind of, you know, come forward.
So it's like, I think that's the thing that is, like, for us, like, points are going to always have a role, right? So it's like, if you think about those airlines or American Express or whatever, like, if they all of a sudden said, hey, points are turned off, like, you'd freak, right? So like, we will, points will always play a role for us and like, the more points you have, the better will always be for like, you know, that'll be like pretty, you know, like, you know, like, you know, like
pretty consistent for us as we kind of move forward here into the future.
Yeah, that'll make sense. So I have one more question points wise, and then I promise we'll, we'll put an end to the points mania, at least in this space. So yeah, so I kind of talking about like the benefits for users and retail traders. What do you think the main benefits for users and retail traders are when having access to these sort of pre market and points market trading systems like we have on Wales market?
Yeah, I mean, I think that it just gives you an option to like, I think more points is going to be better, more points is going to be better just in general for these, these, like, for protocols that you feel strongly about. And it gives access, I think, to get in, like, if you're early to just like stockpile points, right? So I think that that's, like, choosing the protocols that you like, you know, whether that's on Ethereum or whatever it might be, and
just like stacking points, it's, you know, it's like stacking ETH, stacking SAT, stacking SATs, whatever you want, like stack points. Because I just think that it's a really good way to see loyalty, who's there with you, like in crypto, we have a lot of mercenary capital, right?
And so that's one of the things that, you know, we're really cognizant of, it's like, we don't want points just for mercenary capital. You know, certainly, if you've been there for some period of time, and like, it helped and accrued points, like there's some, you know, some benefit that comes. So we'll kind of run from there. And yeah.
Yeah, that makes sense. So I have some questions about EtherFi as a product as well that I'd love to ask. So I did do a little bit of research before the space. And I just wanted to kind of get clarification on like a couple of things that I came up that I came up with, and, and all that. So one of the key features of EtherFi seems to be more decentralized approach to liquid staking and restaking with users having full control of your keys. Could you speak a little bit more to how that works? And how it's different from existing solutions?
Yeah, I know Mike's gonna have to hop. Mike, do you want to take any more of these? Or are you, are you good? I don't know if he's got a hop yet. He might have hopped already.
Yeah, just about to jump off. Maybe Yeah, one more question. And then I get a run.
Okay, sounds good. Do you want me to repeat that one for you to take it?
Oh, for sure. Yeah, sorry. I missed that. What was the question?
Okay, yeah. So so it was just a quick question about EtherFi. So one of the key features that I saw with with EtherFi seems to be a more decentralized approach to liquid staking and restaking with users actually having control of their keys. Could you speak a little more to how that works? And how it's different from existing solutions?
Question, it's one of these, it's like a subtle thing that people don't care about until it matters. And then, you know, it'll matter a lot. And I'll give you more background. Like, we originally, you know, we were running a staking fund, like a hedge fund that was staking ETH and doing some DeFi stuff. So the reason that we, one of the reasons we built EtherFi is because we, as a fund and as a myself, being a
person that had a lot of the money in the fund, I didn't feel comfortable using any of the other protocols, because I felt like there was a huge custody risk. Because for other protocols, basically all other staking protocols, the way it works is you put in your ETH, a node operator, whether it's solo staker or professional operator, generates the keys. And then they, you know, they run the state
ETH. And if you want to get your ETH back, you're basically relying on the goodwill and willingness of the node operator to return the ETH. If there's nothing you can do to force a return of the ETH.
Oh, was that the fund holders staker?
Oh, sorry. I thought you cut out for a second. So I wasn't sure. I don't know if you cut out for anybody else, you're just me.
Oh, I don't know. Maybe. What was the last thing you heard?
What was it exactly? You were?
Did I talk about the, you know, the fact that, like, we started as a fund? Did that come through?
Yeah, yeah, I did. I did hear that part.
Okay, so, yeah, so we started as a fund, looked at the way other things were implemented, weren't comfortable with the custody. And so we decided to build something that we were comfortable using. And the way Etherfry is built is where stakers, specifically bond holder stakers, are the ones that generate the key.
And when there's an exit request that's done in a contract at a protocol level, an exit request to exit a validator, if the bond holder doesn't exit the validator, they get slashed. So that creates an on-chain mechanism to create an economic incentive, a strong punishment for not returning the ETH, which is unique.
And no other protocol has that. So that basically, I mean, it doesn't, it's not a 100% guarantee, but it's a very strong guarantee that it's very strong likelihood that, you know, that you will, in fact, be able to get your ETH back.
And then we're only one of a handful of tokens, I actually think it's just us and Lido, that actually have withdrawals enabled, which is also kind of crazy that, you know, most staking protocols like don't have withdrawals, you're just relying on like, you know, a few tens of millions of liquidity on chain to be able to swap out of the token, right, and plus take the slippage associated with that.
Whereas with Etherfry, A, you can always withdraw, there's an on-chain mechanism, and B, there's like a slashing mechanism that protects you as a staker to ensure that you can actually, in fact, get your, your ETH back.
And that, the reason we built that, as I said, is because I as a user, as a staker, within the Etherfry, I wanted that, I wanted to make sure that I'd be able to get my ETH back when I, when I wanted it.
Cool. Yeah, there's, there's a couple of things that come to mind when you mentioned all of that. So, I guess the first thing is, I'm not like the most knowledgeable when it comes to restaking.
Oh, how is that? Did that come through? Can you guys still hear me?
Yeah, that all came through.
Yeah, I can hear you okay.
You're good. Yeah, yeah, you're good.
Go ahead, Mike, you can hop off if you need to. I know your internet's a bit wonky.
Yeah, well, yeah, no, it was great. Keep, hopefully, conversation keeps going, and thanks for the chat. I'm very excited to work with you guys.
Yeah, thanks for hopping off with us today. It was great having you.
Cool. Sorry, William, you want to get us back on track here?
Yeah, definitely. So, yeah, so the first thing that came to mind when he was saying all that was like speaking to the staking, or to the, to the slashing part of that.
I'm not like the most knowledgeable when it comes to restaking and liquid staking. But, correct me if I'm wrong, that would only be possible on eigenlayer as well, right? Because that's a pretty unique thing to have in the products.
That's right, yeah. So, eigenlayer, restaking, all restaking is right now is points collection. So, it's, yeah, that's kind of what it is, which is kind of funny.
But restaking is only on Ethereum right now. And eigenlayer is the only protocol that you can do it with. So, but it literally it's just all points collection right now for restaking. Restaking in and of itself does not actually exist currently.
But people are very hyped up about eigenlayer and the point collection within eigenlayer. Very strong note.
Yeah, I guess I also just mean more so to like to the slashing part of that because I, I did I listened to this really great podcast with the like the founder of eigenlayer did with bankless.
Would really recommend it by the way for anybody that wants to wrap their head around eigenlayer. But I thought it was really interesting when they were talking about the slashing and how you can kind of like enforce certain actions or at least like heavily incentivize them.
And it's interesting that like you guys saw that as a concept and thought to add that in with the staking and make this thing where like you can actually have liquid staking where you are sure that the custody is set up in the correct way and everything.
So, I mean, I guess this is just getting like a little, little more technical into like restaking and what restaking actually is. I mean, so, you know, three room is super smart. He's super sharp. We are super bullish on restaking and what is going to happen within that space.
We think that restaking is like the natural evolution of like, you know, native east staking. If I've learned anything in crypto, it's that people will search and find yield.
So I just think restaking is like a natural evolution that people will kind of go towards and do. So we'll see that and kind of run up.
When restaking actually comes online, like the slashing, so each AVS is going to create their own slashing mechanism.
I think there's a lot more fun around restaking than actually, you know, is going to exist.
It's going to be really important for liquid restaking protocols to select proper AVS's to give their east to so you get good rewards and you don't get flashed.
Currently with staking, like regular vanilla staking, like slashing's risk is like near zero. With restaking, I think that risk curve goes up. If and when that happens and there is some slashing events that happen, I think people will get frustrated with protocols and, you know, kind of move that forward.
But yeah, I think that inevitably there will be slashing, but we think that restaking is just going to be synonymous with staking and like it'll just be called staking.
Like all staking protocols or LSTs right now will have to do restaking because of just the demand for yield.
Yeah, that makes sense to me. I would definitely agree with that. So I kind of got a little bit off track there.
I'll get back to like the actual questions that I had written, that I had written down. So let me see.
I think we might have covered this like a little bit, but I'll ask it anyways since I think there's parts of this that might be new.
So like I said, I did a little bit of research before this and I saw that there were kind of varying levels of complexity and decentralization to the different methods people have available to them with EtherFi.
I was wondering if you could kind of break down some of those, at least in like simple kind of terms that everybody would be able to understand.
Yeah, for sure. So I think where you got like it's part of our V3 and so like where ultimately we want,
we want the bond holders for each validator to be permissionless. Currently it's permissioned, but we're like working on making that permissionless.
We're also working on making solo stakers more prevalent within our ecosystem. So we're very focused on decentralization, very focused on like distributing,
you know, the risk in becoming very decentralized. Like we just think there's a lot of benefits, you know, in kind of going that route.
For users, like ultimately most users don't have to make that call, right? Like the easiest thing for users and what 99.9% of our users do,
is they go to EtherFi, connect their wallet, swap ETH for EETH, and then they just sit and hold, right? And with that you collect Ether staking rewards, EtherFi points, and Eigenlier points.
All of that shows up on your portfolio page. There's nothing you need to do. Some people will go the extra route like the other, you know, you could take more of a decentralization route and spin up your own node.
Or you could, the other one that's kind of happening is you can get into like DeFi protocols like Pendle or Curve or Balancer, you know, there's a bunch of DeFi pools you can go LP into.
And so like those are the kind of two optional routes or things people can do with their token or to get the token. But most people just in the easiest thing to do is just go to EtherFi, turn your ETH into EETH and collect three rewards.
Awesome. Well, yeah, it's that easy. So if there's nobody in the audience that hasn't done it yet, definitely feel free to go do that and get involved.
But yeah, I think we're getting close to the amount of time that we wanted to set aside to this, but I just have like a couple last things if you're able to talk about them.
Are you able to talk about anything token wise or anything like that? Or should we just keep it as this is only loyalty points for now?
Yeah, let's keep it for loyalty points for now.
Like if you go look, we announced a roadmap and we did announce that TGE in April. So.
Okay, great. Sounds good. So yeah, I guess that's enough detail that we can that we can have for that. So yeah, so I think I don't really have too many other questions. I think we can pretty much cut it there if you're if you're down for that. It's been about a half hour now. So cool. Yeah, I really appreciate you guys having us on. I mean, I think it's super cool.
I think it's super cool. Whales market is doing. I just I don't know, this crypto is so cool. The fact that like these markets get created and like, I don't just free markets make me happy. So love what you guys are doing over at Whales markets. It's awesome.
I think it's super cool just to kind of see like, where people are speculating out what points will be what they won't. And I'm like, I think there's gonna be varied outcomes, right? Like, I think some are going to be like super successful, like, like, if people purchase points are going to be super successful, others are going to get like burned some in the middle. But like, I just think there's really such a wide variety of outcomes because there's just so much speculation on it. But I guess that's the other thing I love about crypto. I love gambling and that's
pretty fun. Yeah, no, I definitely agree with that. And I think, like, I don't know, obviously, as you're right, like, when you're speculating, sometimes it's gonna go well, sometimes it's not gonna go well. But in general, I think it's good for users to have that choice. And for things to be as open and as accessible as possible. So I mean, a discussion that I've been having, like, internally and with a couple partners and stuff lately is that a lot of the time, these OTC markets for things like points, vested tokens, stuff like
that were happening in like private telegram chats, private discord groups and stuff like that. And I don't know, I just think it's cool that Wills Market is making that open and accessible. That's kind of that's why I joined the team, honestly, because I had an interest in that. So yeah, it's super cool. Yeah, I'm curious, actually, for you guys, like, you know, how, like, how things been going, like, you know, successful, like, you know, I don't know, just anything that you guys have kind of seen this interesting in the market
exact data. But I can say that, like, just in general, the growth has been really good. I'm trying to pull up the Dune dashboard real quick. What do you consider growth? Like, how many listings you have? Or like, what are your guys kind of goals and stuff? I guess listing volume, just getting more like active users and all of that kind of like all the all those sorts of metrics, I feel like really matter. Yeah, but but the growth has been really good, though. Do we want to do a quick Q&A with people from the audience? Or a couple questions if
we can do that? Okay, sounds good. Yeah, I think we were like, we were wanting to finish up pretty early. But I mean, if a couple people want to put their hands up and come up, we can take questions for a few minutes. So people always get nervous, they say they want to speak and then they don't. Yeah, totally. I'm hoping a couple people might have like some interesting questions about ether five, though, because it is, it is an interesting product. I had a lot of fun. I've made a full run up show for this and having to do the research for
it. Cool. Let's hear it. You're up. Oh, unmute, sir. You're up. I see you're raising your hand. You don't have to raise your hand just speak. Oh, I guess I just do want to interrupt you guys. Well, just a quick question, though. So, um, first of all, I love the platform, and whale market is probably one of the most innovative platforms I've used in a very, very, very long time. Just real quick, though. Um, so
when we when we get by the points for for for eight to five, um, do we I mean, hold it, do we get the eight to five tokens in exchange for points once they go live? Is that how the points system works? Uh, we haven't made any comment on that at this time. Um, so, uh, you know, like looking at other, um,
Was a recent company that did a air drop in points played a significant role, um, for them with their air drop. Okay, awesome. Thank you for answering questions. Thank you. Yeah, of course. And then I mean, to speak to the Wells market side. It's, uh, generally, if there is like some sort of linear correlation there at TGE, we do have, like a settlement phase of about like 24 to 36 hours, where any trades that have been made, but if like,
sides can settle that and then people that have purchased points get their
tokens and again EtherFi hasn't said whether or not that is gonna end up
being a token or not but in the past that is how it works so from our end at
least hello do we have any other people putting their hands up I'm not I'm not a
co-host so I can't see hello can you hear me yeah Devin yeah so yeah so when wealth
market at least a point it definitely to it definitely needs to communicate with
team to make sure that the point is not tier based with the with the token being
generated it has to be proportional to token right yeah this is this is something
we've been talking about internally we've been talking about kind of
establishing better house rules for this to where we make a little more clear in
the docs what happens in scenarios like that but just know we'll we'll have a
little more info on that and also I will say like from our perspective most
projects that we're talking to and most projects that we've just seen in the
space the airdrops are typically linear so typically there's no issues with that
but this is something we're thinking about so so basically if a point is
tier based with with a token you cannot list that right yes so there would be
some issues there it's something we would have to just kind of handle on the case
basic case by case basis but yeah I think generally we had been trying to stay
away from that though okay okay thank you
cool is was there anybody else with their hands up or should we should be
hey yeah I think nobody is funny I think maybe I have another small question for
either by he's yeah sure thing it's my privilege they say that there is a UI
buffer so that the again points being shown on the front end is 10% less than
what we should actually get so I wonder if the team we're like return to 10% of
Eigen points to the users when they think has been fixed so everyone's Eigen
points are correct on that we give a hundred percent of Eigen layer points to
users we actually gave five million of our own Treasury points to users as well
so all Eigen points are given to users when we have what's called a liquidity
pool so when people put Ethan they're not spun up into validators right away
and so it takes some time for them to start earning Eigen layer points so
there's like a slight discount on that so you wouldn't you don't earn the 24
points a day that you would earn in Eigen layer you know you earn like a
little less like 3% less or something and so in the reason that is is you know
we can't just spin off that quickly so then we need you we want to we have
withdrawals enabled so people can move in and out of the liquidity pool to get
their ETH so it's a little bit of trade-off we make but we think it's a
better user experience so people have immediate liquidity on their ETH if they
want and then you also earn instead of just earning Eigen layer points you earn
ETH staking rewards and you earn either five points and then you can also go into
DeFi protocols if you want to okay thank you for your answer because I have seen
some panic in the community that's in that yeah there was there were some
points yeah yeah it looks like there was some some coal in China that kind of
spread some flood about us but my guy ragdoll on Pluto actually who's on here
he helped us out a lot and yeah so anyway it's we're not taking points or
doing whatever you know you can check we give 100% of the points our users so but
there was a tweet last night that came out and people were kind of flooding
about it so but yeah okay thank you sweet well thanks whales market I
appreciate you guys having me on a bunch of chats yeah for sure knows it was
amazing having you on it was great getting chow a little bit do you have
anything last thoughts or anything you want to plug or anything I would go buy
some ease that's all I got a plug get your points all right I think that's a
pretty good call to actually move it off on I love it thanks for having us
guys cool yeah thanks for thanks everybody that uh pulled up thanks for
coming and chatting with us and yeah we'll try to do some more of these yeah