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Mantle State of Mind: Ep.07
Recorded: March 17, 2026 Duration: 1:18:26Space Recording
Full Transcription
G-Mental! Hi everyone, I'm Gemma. Can you give us an intro yourself?
Hey guys, what's up man?
I'm Chin Sandy.
You can find it at Chin Sandy Show on YouTube, Spotify, Apple Podcasts.
Hi, GM Manto.
Hi everyone.
I'm Ramon.
I'm founder of CryptoJobs.
This is one of the largest hiring platforms in crypto.
GMato, everyone.
Welcome to Solana.
My name is Quix.
I work at the SoulFlare marketing team.
SoulFlare is a self custody wallet that's built only for the Solana blockchain. Have you heard like of Mantle? Have you used a
Mantle ecosystem before though? Two things I've heard of Mantle from you Gemma you post content
and then they sponsor a podcast I listen to but honestly I don't know exactly what Mantle does.
So Mantle is uh we are Ethereum layer 2 built for our real world asset now.
So can you guess why Ethereum layer 2 is here?
Money.
Did you know why Mantel here is like Solana accelerates?
Because like you know we are EVM layer 2.
So I was actually very surprised to see you guys here and very glad to see that because
I didn't know that Mantel is now on Solana as well. You guys are at ETH layer 2, why are you guys at Solana?
So you can obviously see that we are sponsoring this Accelerate here. So M&T now
expanded to Solana ecosystem so there is a super portal between Ethereum and
Solana for M&T token. So you can fund incentive extra
yields on BuyReal with M&T token which means like Bybit support the withdrawal
and deposit for Solana network of M&T. So it's very convenient for the users to
withdraw deposit and using Dexys and CEX at the same time. But which DApps do you think we have to go further beyond Vioreo for M&T token?
Definitely, I would say, and I'm not a financial advisor or tokenomics,
I'm just a fox on the internet, I would say look at some DeFi opportunities.
You know, DeFi on Solana is one of the fastest growing industries.
There's a lot of great integrations that you can make with a lot of the DeFi protocols
to give your community access to either staking with yields, lending with liquidity pools.
I'm a huge fan of providing liquidity because I'm not such a great trader.
You know, I generally lose money, but I'm much better at providing the liquidity and
collecting the fees.
But there's a really amazing DeFi ecosystem on Solana,
so I would say try to focus for that.
Since you are in the job market,
do you see any difference between EVM working culture and Solana working culture?
Maybe Solana people are slightly younger crowd, maybe in some ways.
I think EVM attracts, or because EVM had a longer lifespan,
so there are a lot of these like OG hardcore people with that come from maybe a slightly different set of values
like way more kind of like desigualization very like cyberpunk I
think like in Solana it's way more about like maybe trading and having more fun
and enjoying the Solana ecosystem culture so there are certain like this
cultural differences but I think all ecosystems work equally hard and I hope they're
doing a very hard work during bear market as well because that's the best
time to build during bear markets and also to hire by the way and get a job
well you say layer 2 right so are there any products that built on top of you
guys like on Mantle if it's a layer 2 blockchain?
Yeah, yeah, yeah.
We do have a DeFi ecosystem on Mantle for lending and a money market and a Dex, etc.
But we also are trying to onboard more real world assets, partnership with Bybit.
So it's like you have a tokenized gold, tokenized stock, but you can also trade at cex but you can also withdraw them to
mental ecosystem and to defy farming with your tokenized gold and stocks and the bond and stable
coins etc but now we are also live on solana which is like by real is the first DApp but we are trying to expand the MNT to other Solana DApps as well.
Actually MNT and USDC LP or MNT and Solana LP is live on Byreal with the incentive campaign
there is extra yield that you can actually farm. I think you might be interested if you are one of
the farmers. Oh yeah, I definitely am so how can I go ahead and get started with this?
There is a two way you can use Bybit to acquire MNT and then withdraw MNT on Solana ecosystem.
And the other one is if you have any Ethereum asset, there is a Huper portal which is a bridge
between the MNT tokens on Ethereum and Solana. You can bridge the tokens between two ecosystems.
Either way, if you are the CEX users, you can use Bybin.
Or if you are the next preferred decentralized Pro-Djam,
then you can use the Super Portal as the bridge tokens.
Okay, but soon I'll be able to swap in my Soulflare wallet, maybe?
Wow!
Soulflare should be the next destination swap you know my stable corner soul into you know that would be
a lot easier yeah we should expand M&T to soulflare
when mental on podcast? hey you asked me! what if like we now expanded to Solana but we all from
my EVM culture what kind of like personality or
candidates we should hire if we want to do like drive in Solana ecosystem to
learn to absorb their culture community etc. Great question I mean I just hire
open-minded people with high energy that are fun I think you guys already been
doing fantastic as Mantle organization like you every single person I meet at every conference is like super friendly, super cool.
Like always happy to hang out.
So yeah, I think like what are you guys doing? Keep on doing that.
And if you're watching this as a talent, make sure to apply for Mantle jobs and join their team.
Come to home with that.
Oh, how do you know?
I wanted to give you your own Soul Player Shield.
Thank you so much.
Mine's a custom one with the Fox, but this is the one I wanted to give you your own Soul Blare shield. Oh my god, thank you so much.
Mine's a custom one with the fox, but this is the one and it'll take you through the whole setup.
You'll get a recovery phrase, so just like your normal wallet.
And so just in case you lose the card, you still have access to your funds.
And this one's for you, our cameraman.
That's yours.
Thank you guys so much.
Yeah, it was really awesome!
Hi, baby!
Spray! Spray!
Just a little cold!
The wife is now taking care of her.
I'm sorry.
Did you see her?
She's, you know, everywhere on top.
And then she's giving the last Tokyo girl.
Let's go to mental Voice, follow with us.明镜需要您的支持 欢迎收看订阅明镜初心念 埋下點念才踏上初緣
盲目過邊緣
衝前 衝前 降落那邊
在光影裡蔓延
人的真似可已一煞化成光线 Oh 3, 2, 1, okay Mental is great.
I love mental. Thank you. Hello, hello everyone. Can you guys hear me? If you can hear, just let me know in the chat.
If you can hear, just let me know in the chat.
Yes.
Thank you so much for joining.
I see Dongta, Ni, Hoid, and Atom's G-Mental.
G-Mental, everyone.
So welcome back to Mental State of Mind, Episode 7.
Today's episode is about CD5 acceleration on mental.
As you can guess, what we have today here is a baby recap and so we will share your
spring momentum what's going on a mental as you know we surpassed the amazing milestone uh total
market size on away and also you guys i have heard about what happened on hong kong so we will share
a bit of the recap there also we invited special guests for the fire size chat with ave token
logic and cyan and we will also talk about the asset layer on mental with the calv dao and usd
zero and there's a new segment and everyone was excited and was looking forward to see
we will unlock the d5 opportunities you can find the mental with the defy dojo thank you guys for joining us so let me invite our hero
for the favorite momentum together to share what's happening on mental in this spring oh
hi Josh hello hello how are you doing good good how good. How are you? Good, I'm good. So let's go quickly. What's going on on mental? So this is a spring. So we have a lot of momentum to share.
Yeah, yeah. And by the way, I really love the video. I really love all the other excitement and energy. I was there. So I love the sentimental as well well that's a cantonese song that's even better
i don't know why it sounds so sad yeah so yes this uh this spring we we really hit it off um
it's almost like a d5 spring for us uh we we launched avi about um more than slightly more
than a month ago and now we we've reached over 1.25 billion
in total market size for Aave.
And that's a huge achievement.
I think only a few chains have achieved this.
And really, thanks to the partners here,
be it the Aave team from TokenLogic
to the developers on Borgos development, as well as Aave um to the you know the developers on bogos development as
well as rv labs and on the pr and the marketing front so we really appreciate everybody who have
brought together this very successful launch to give you some context of how successful this is
you know um rv and it's more than 1 billion in uh metrics and TVL and it's, it's, it far surpasses any other
DeFi application we have,
even some of the vaults that we have brought.
So this is the first time we've brought
a billion dollar protocol,
but it brings a lot more momentum as well.
So we are now in many, many new talks
with many different types of opportunities
because of the new market size and it's certainly making waves. So if you haven't already, you
should definitely check us out. And I'm sure we will go in into more depth on how you can
do that. But yeah, I really huge shout out to everyone on the team and thank you so much
for your support
thank you so we have an incentive program you don't want to miss out uh how long does it take
oh yeah yes so these incentives are really uh you would be able to see it in as liquidity mining if
you go to app.ave and the mental market um so these incentives and incentives boost and bootstrap the liquidity
that we saw such amazing growth.
And yeah, 8 million and 1.5 million gold.
And yeah, you can see these incentives over USDC, USDT,
USDE, oh sorry, USDE is boosted on US liquid leverage
USDE is boosted on US liquid leverage.
And Reptive and Go are within our incentive programs.
We continue to tweak it because it really helps us see where
the incentives are going and where the program is going.
It's available for six months.
But yes, stay tuned.
I think there will be more things coming so uh
you know this is not the only thing that we happening uh and more more things will be brought
along as well thank you and what's going on uh yeah as you mentioned that we have usdt0 and
rep the ether and stake usdd uh as like top three assets just let me know which asset you guys chose to join the
incentive program on the chat and um yeah the reps eat am i correct like pronouncing right right
yeah yeah so this is a liquid staking token from uh cap now uh and, it's also on a boosted basis.
So apart from just earning ETH like staking yields,
there's even 0.15% more.
So it's almost maxing out in the supply contribution
because of its ability to loop up on ETH.
And if you did that trade, you probably did really well for the last week.
I see ETH is up like 10%.
So, you know, you earn while things are going up.
So that's a good trade right there.
So it's like nine figure finally where the rest is.
And, yeah, the thanks for the AVE TVR growth.
DeFi TVR hit like 1.4 billion on mental ecosystem.
And also stablecoin hit almost 1 billion.
Yeah, so I think it's, you know, these are great numbers.
This is good.
It doesn't stop here.
I think where this goes is this creates a market of interest rate yields that we can tap on you know to boot trap even more assets and projects in the
future so if you're a builder out there and you're looking for an ecosystem that
is fast growing that even in a you know emerging out of this
potentially like a bear market scenario is growing at the same time.
You know, take a second look at us because this is the kind of stablecoins that you can tap into
if you're a high yielding kind of project and you want to be part of an ecosystem.
This is the kind of Lego blocks of DeFi that you can work with.
Sure. And the next one is native asset on mental is now available on Bybit Alpha as well. So there is like a 200k price for you guys to trade score, VLE, ELSA and BSB on Bybit
Alpha.
And then this is like supported by all mental ecosystem partners.
So liquidity from fluxion and data analytics is happened to be like you know from
the bird eye to be provided yeah i'll just add here that you know it's pretty fun right so you
you you are actually trading on chain but you're using bybit's application
and we think you've got even more opportunity to earn um so you were taking these trades uh you
know you you're making these these type of these type of trade decisions over some of these very interesting projects.
Some of them, for example, do real assets, some with AI, good themes here.
And on top of that, if you get lucky, you get even more with the price pool of Puzzle Hunt.
So it's kind of like a win-win-win scenario for everyone.
And yeah, I think it's really good
because we've integrated everything.
So on your side, it's very seamless.
If you're a Bybit user, you just
need to use the same UTA, Unified Trading Account,
to make this trade.
So what's there to lose, right?
It just makes it even easier for you to work on chain. uh to make this trade so you know what's there what's what's what's there to lose right it just
makes it even easier for you to work on chain so it also gives a lot of chance for the you know
that new project on boarded on mental and they have like 80 million users to trade their tokens
right and uh this is the recap pictures that made Joshua a bit more sentimental from Hong Kong.
So we had like 20 more ecosystem partners who joined in the day.
And we also went to Solana Accelerator to celebrate M&T expanded to Solana ecosystem.
Get welcomed like so much.
I was so excited and thankful for everyone who welcomed us in the Solana ecosystem.
So if you haven't heard of what's going on
on Lentil and Solana, you should go to Vireel
to farm more yields and which gives you like
on 70% APR for M&T holders.
This one, Joshua, can you give us a quick intro?
Yeah, so Laura is one of these infra providers for predictive AI.
It allows these AI agents to create new strategies.
So they just deploy onto mental mainnet, which is really great.
In fact, I think later on we'll probably talk a little about the upcoming hackathon that
we might have.
And we're increasingly focusing on the ai team
i think we're not we're not alert we're not allergic to ai we're not allergic to what's going
on out there uh and it's amazing with ai open claw and all these technologies
that's going to come on chain and with that even for erc 8004 what that gives is identity
basically identity for these agents um so what that means is identity, basically identity for these agents.
So what that means is like on chain,
these agents have a very specific way of being identified
and automating their workflows between each other.
Yeah, with that, our technology and engineering team,
real shout out to them, have created a SDK for AI agents.
So it gives them the ability to have specific skills
to work with mental blockchain.
So skills is a keyword that if you use OpenClaw
or any of these tools, the ability to connect
so your AI agent can natively work more closely
with mental blockchain for integration and more reliability.
Right.
Yes, and alongside that, even though you are not a builder, but if you have any workflow
that you are using AI at your daily life, this is your chance.
We are inviting all of these community creators until March 31, for a 10K M&T prize full that you create the contents
about your favorite AI tools or design your AI tools.
So if you are one of us who are obsessed with AI right now,
please join us and let me know how you are using AI.
This is like a teaser for what's coming on mental.
And next one is a DCA
campaign which is going on on Bybit right now with a 55k USDT price. It goes
until March 23rd and then you can enjoy DCA for M&T token and earn up to 10%
cashback or if you create a DCA and you can earn, or you can also join the 50K prize pool.
So these are all the things going on right now on mental.
And then, yeah, so I think that's a wrap up
for what's going on in the mental in the spring.
So I will hand over this, my hosting to Joshua
for the next segment, which is the fireside chat
with Alvae and Xi'an and TokenLogic.
Let me invite all the guests.
Hey, how's it going, guys?
Hey, everyone.
How's it going?
Hey, Luffy, Colton.
I'm not sure whether Matt can join us. Hey, Luffy, Colton.
I'm not sure whether Matt can join us.
Oh, yeah.
I think Matt is joining us very shortly.
Okay.
Hey, why not?
Let's kickstart it with a quick introduction.
So, you know, just in no particular order,
I see just Colton's on my extreme left.
Maybe you can start first. Cool. Yeah, so, hey, everybody. I'm Colton's on my extreme left. Maybe you can start first.
Cool. Yeah. So hey, everybody, I'm Colton. Thanks for having me. This is always fun joining things like this and being able to talk about Aave and partnerships and all the rest. And I'm Colton.
I'm the marketing director at Aave Labs. I focus a lot on marketing and promoting Aave Protocol
and Aave Horizon. And I do a lot of our partner marketing as well so i've
been working closely with the mantle team and token logic and um everybody else i'm kind of
promoting this this integration and all the success it's had so it's cool to be here cool uh laffy
oh can you turn the mic on?
Your mic is muted.
Oh, sorry, I didn't notice that.
Can you hear me now?
Yes.
And I might come in through.
Okay, right?
Okay, cool.
Good to meet you guys.
So I'm not new here.
It's probably the third time I've been here. Good to meet you guys all over again. And great to meet you guys. So I'm not new here. It's probably the third time I've been here.
Good to meet you guys all over again and great to meet you Colton. So though we've been working
pretty closely with Avi for about a macro coding here. I'm Luffy, the founder of Kian, and we are the team that built in a Manto strategy vault for a stable coin and possibly for other coins in the next couple of weeks
and months.
And we're working pretty close with both MyBit
and Manto for build on top of Aave.
And for Kian itself,
I actually launched Kian about four years ago.
So in principle, Kian has been running for about four years
stably without any real liquidation
or security default in the past four years.
And that's probably one of the reasons we're here working together to push forward
with the Yale Foundation and Yale Basis
for both Manto and Aave on top of Manto.
So happy to be here.
Okay, really great.
Yeah, I think Matthew is running a little bit late,
but he will join anytime soon.
But yeah, just for, let's do a quick round of questions.
I think, well, for the first one,
I would say we'll go to Colton.
Yeah, so, you know, it,
Goal and Aave,
the Aave integration would be a key part
of our mentor and the Bybit journey.
You know, what does it mean for the industry
for these type of partnerships?
And, you know, what,
and I'm also curious about, like, what does Go play
in this ecosystem?
Yeah, so for those who aren't familiar, Go is Aave's sort of native decentralized stablecoin.
It's a stablecoin that we have, that we issue, that we have strategic control over as a DAO
and as a protocol. And I think, you know, high level, like the benefits of having multiple
competitors in the space in terms of stable coins is always just good for for everybody.
Obviously, you want multiple teams kind of innovating and competing and making sure they're trying new things and pushing new ways to introduce stable coin use cases.
That way it creates kind of a competitive, healthy ecosystem of projects that are like pushing each other forward, especially in a space as early as ours, where we're still trying to kind of figure a lot of things out. In terms of Go
specifically and how it's important for Aave and partnerships like the one with Mantle, I think
one of the important things for users is like verticalization. So it's very important for
like users to use things that they're familiar with. And so when we launch Aave on a new chain,
a lot of Aave users are very familiar with Go,
they're comfortable using Go.
And so it's a natural choice for them a lot of the times
to just feel comfortable using Go
as their sort of stable point of choice.
And so I think that's always important.
Like, the mantle deployment in particular
is extremely successful.
It's done very well,
especially over the past
couple of months. And so as more and more users migrate, especially in native AVA users, you want
a stable point option available that they're comfortable with. And we also, you know, we also
offer a couple of like in-house products around Go that, you know, will continue to build out and
expand. And so I think Go and partly due to a lot of the work
from TokenLogic in particular,
has had a really successful past year, year and a half.
They're very focused on growing Go as a stable coin
and they've done a great job.
They did a great job working
on the manual deployment as well.
So I would say that's my high level answer on Go
and why we need it and why it's kind of useful in
partnerships like this. That's really great, that's really great. And with all these type of
assets like Go and USDT zero and all these stable coins, yeah, that's a vault for you, which is
with currently the mantle vault is actually being powered by Cien. And Luffy here, could you explain a little bit
about what has recently changed in terms of the strategy
and how it works with Avis mental instance?
And what that means for users,
be it Bybit users and mental users?
users and Manto uses?
Yeah, sure.
Yeah, sure.
Avi on Manto is a great success.
If you compare Avi on Manto, it's probably
hard to compare the launch of Avi on Manto
with Avi launch on other networks,
because we're in different market conditions. And it's particularly tough,
I mean, at this moment to launch a mainstream flagship protocol on a growing and a new network.
So I think MantoAve is the only one that I see under current market collision. And
I have a is the only one that I see under current market collision and its growth was beyond my expectation.
Although I was not really surprised because, you know, I have been working pretty closely with, especially TokenLogic for years.
We've been working with Bybit and Mantle for a long time.
So we understand the capacity and the capability of both teams, your networks and your brand name.
So I'm not surprised that you could attract a lot of new users
and new capital into this new Aave instance on a mentor.
Meanwhile, the extra support and confidence provided by both teams
to the Aave mentor, I think that provides an extra layer of support.
It's not easy to see a lot of mainstream assets
to be launched alongside Aave on a new network.
So Aave Mento, almost on day one,
you've got Athena, Maypole, and a bunch of other great assets and also
supported by Aavego, which is a great success from TokenLogic, I would say. So on one hand,
I was not surprised. On the other hand, this is indeed a great support and it's a great starting
point for the new interest-oriented to be on boarded in the
mantle and another Aave mantle specifically. Thank you Luffy. Yeah Matt thanks for joining us
before we start I do have to introduce quickly what you do could you do a quick
what you do could you do a quick uh uh two cent uh introduction yeah sure thank you so um token
logic we've been at arve for uh i've been contributing there like three four years now
so token logic not many people know so much a little bit more in the background at arve what
we do is we we lead the the growth effort for the ghost able coin that deploys a lot of the
includes deploying a lot of the contracts that support it on chain.
So we provide a lot more than just the growth side.
And then we also support Aave by doing all the finances.
So we manage the treasury, the operations, the runway.
And with that, we support Aave a lot and say some of the broader business deals which have been happening of late.
And yeah, so we're kind of spanning a lot of the different parts of Aave.
And to support all of that, we run like an analytics platform that's very detailed and granular.
It shapes a lot of the internal decision making at Aave.
And that basically helps a lot of the different stakeholders there to shape a lot of the decisions that we make there as a community.
So, yeah, it's a little bit around high level what TokenLogic does at Aave specifically.
Thank you. Thanks, Matt.
And this question will be directed to you.
So you've been also very helpful and instrumental in the entire Mantle Bybit
instance. In your view, what makes partnerships like this
successful and why is it able to drive so much value so quickly?
Yes, that's a great question. So I think like we've been working
on the Bybit Mantle kind of opportunity for i know the best part of a year so there's a
lot of synergies across both like the network level uh the centralized exchange part and then
like rave protocol so to to grow like like a really strong ecosystem in defy like a lending
protocol is like a core pillar of that um so bringing Aave to Mantle unlocks a lot of that potential growth.
So just by bringing Aave, we get a little bit of that Aave effect.
And with that, it brings just the Aave brand and that B3 deployment
brings a lot of trust in the ecosystem.
So a lot of capital allocators who are probably very mantle aligned and wanting to use
mantle now have that opportunity to do so and that's part of the reason why you see such strong
growth so during the early stages we identified there's a bit of like pent-up demand that way
and then the bybit part that's going to be like really strong and powerful for like the longevity here.
Like the alignment between Bybit and Mantle is like really key.
So like I think those two teams come a bit closer together last year.
That was like a huge accelerator.
So what we see now is we see a lot of the products
that are kind of like in that Mantle kind of like ecosystem roadmap.
Aave provides a strong avenue and growth direction for them.
And then through basically a lot of the integrations
and like some of the stuff that like Luffy and Kyn
have been building, that basically builds,
goes back through the Bybit ecosystem
that gives users access to not just like vanilla on-chain yields through like an on-chain
platform but it gives it like structured product yield so that's taking really popular trades like
the Athena trade keeping in mind that like Athena is also like quite works quite closely with Bybit
and Mantle that trade for me that's probably going to be the home on mantle because that's where all these
stakeholders they have natural alignment it is something where all three of them have grown
very strongly like athena grew very strong in bybit in the early days now a lot of that growth
can basically flow back to mantle and things like centralized exchange it can drive a lot of liquidity which fuels a lot of this and
we see that we have half a billion of usdt at the moment um that's only going to grow
um the structured products are only just getting started on bybit luffy's been doing great work on
that and the other things that all kind of come on the back of that like real world asset stuff
um the mantle's working on the tokenization that like real world asset stuff um the mantel's working on
the tokenization part of it all that is really going to feel the growth and there's a lot of
opportunities that can all get built and arve is the venue where all of it will get built
to power mantle and buy a bit and that's exciting thank you thanks that. That's really exciting here. And like, it's very educational.
So I personally, we've been working with the Aave ecosystem.
It is definitely not one, right?
It's, you know, as you know, Aave has a DAO.
It's not one entity, but many.
In fact, I love the word Aave.
It's actually the word for Go.
So, you know, the ability to have something strong and decentralized and many parties here with the same, both independent but very well aligned entities
to almost become an orchestra,
to give users the best use
and the best kind of use experience possible for CD5.
Yeah, with that, I have a bunch,
I have wanted to give this opportunity
for each one of your teams and projects to think about
what's next what's exciting about um your your work looking forward is there something that
you're looking forward to in in mental ecosystem as you build up um yeah i came to start uh from
colton again um yeah what are you looking forward to especially especially with the Aave and the Aave Labs roadmap?
Yeah, so I think in terms of the mantle ecosystem in particular, it's always exciting to see successful launches like this, especially so early on.
Obviously, Matt and the team have done a great job here.
And I think anytime a team is willing to kind of double down on Aave and take advantage of the Aave effect, as Matt was referring to, like that type of stuff gets me really excited because it means it's kind of a long-term bet on Aave and where things could go from there. And I think what people kind of
underestimate about a successful Aave deployment on their network is like the ecosystem of
opportunities that it creates on top of it. So if you have a deeply liquid lending market on your network, now all kinds of
new things can be built on top of Aave, on top of Mantle, et cetera, powered by
the yield that's coming from Aave.
And it's liquid, it's reliable.
You have trustworthy rates, all the good things like that.
And so I think while it's still early, I think the early signs of success are really
important. And that highlights that, you know, who knows a year from now, we could see all kinds
of new things built on top of Mantle that use Aave as like a, either a source of yield or a way to
borrow or whatever. And so there's kind of a new ecosystem of things that can now be built on
Mantle that maybe couldn't before without a deeply liquid lending market.
maybe couldn't before without a deeply liquid lending market.
That's amazing.
Yeah, how about Luffy?
That's amazing.
How about Luffy?
Yeah, am I coming through okay?
Yes.
You hear me, right?
Okay, cool.
So there might be two stages for us.
First, probably most likely we're going to migrate a lot of yield strategies and the
volume in our yield strategy to AveManto for a pretty simple reason.
The power rate is lower.
So that's the competitive of Ave mentor. Because at this stage,
you have both a lot of supply from users
and you have a pretty competitive rate
benefited from both the support from both teams,
the extra incentives and the market condition
and apparently if we're talking about utilization of auto supply at this stage because manto is new
in the comparative to well um in the
of a on the ethereum right so utilization of all supply is low.
So this is a pretty great opportunity
for a strategy team like us
to migrate a lot of existing really successful strategy,
billion-level strategy to AlveManto.
So that will improve the utilization of Avid Mento.
And I think thanks to the effort from Avid team,
especially thanks to Matthew and TokenLogic,
a lot of great assets, interest-bearer assets, crypto-interested assets,
say Athena, Maple, Kelp,
that we have utilized heavily in our strategy in Avid Core.
They are also available on Mento. So it's easy for us to just drag all those
assets from existing spot to Avid Mento. And it would, and it's a condition is a
little shitty, so I would say a lot of users to push their assets
to some safe, stable, and a sustainable yield strategy.
And I would manage to provide better rates,
better yield than the same strategy implemented
on other networks.
Why don't people do that?
So that's something that we would like to see
and we will see in the next
weeks and months and stage two i would say um in a monster
i would expect the rwa to play both ave and manto so you know i uh from my understanding
that uh both five and manto has the plan to grow the RWA asset interest
in the bearing RWA asset on them and Aave Mento and especially in the Mento ecosystem and that's
going to provide another new foundation for us to build a new yield strategy. I think apparently because the you know it's obvious out of it I was different than any other
protocol or landing protocol in particular you know you know maneuver is
they have tens of billions of dollars supply of assets that are you know
reallocated across different chains.
So when the right interest assets especially the new get high quality
RGPAs are in place I think all those assets could be in place to be used.
That's something that we haven't seen in any other protocols. So that's a second
stage we set for us.
And we'd like to leverage the supply,
the capability of supply and I've been to
to grow the strategy around, you know,
interest-backer RWA on Manto.
Great, great.
Thank you so much, Luffy.
And Matt, onto you. what are you looking forward to
for token logic uh you know looking for it in this partnership but maybe beyond you know open open
space to plug yeah thank thanks um like i'm really excited about like all the structured products
that like luffy's teams build and taking them all back through bybit. So I wanna make sure like everyone's quite aware of that
cause we've been working on that for like a long time.
But like some of the stuff that TokenLogic specifically
is doing, like we're really like excited about
the earned integration that Bybit's bringing
and then like longer term, like where or not
we can sort of facilitate some of this like loan book
like on chain.
I think directionally the industry is moving in that way we basically want to basically play a good role in like helping enable that to get built out on
arve um so for us that's like pretty exciting um we also work quite heavily with go so we're
looking at taking go on bybit soon bringing back back through bybit onto arve across the mantle
ecosystem so there's there's lots of different little moving parts here,
but I think like something that like mantles cooking,
it's like, I think the real world asset part
is going to be quite exciting.
I think that's going to be the next strong part of growth
in that medium term.
And I think like one of the early ones we're looking to see,
and I think it'll do quite well,
is probably like the tethered gold.
So I think we'll build that up a bit more
in the mantle ecosystem
and then we'll bring it on the Aave.
And I think there's a lot of growth
that's going to be driven on the back of that.
So there's quite a bit in the pipeline to come.
And yeah, I think just the combination,
structured products and on chain loan books,
going back through Bybit, real world assets,
and then making those readily accessible,
but also like gold with yield,
those kinds of products taking them
all through the different distribution channels.
I think that's like really exciting.
I think that's gonna drive a lot of growth in mantle.
All right, thank you guys.
So just a last question. It's just a yes or no with a one
sentence explanation. Do you believe in two years that lending markets will be dominated by real
assets or crypto? Yes, real assets or crypto? Just one word?
I'm fine going first on this thing because I'm pretty opinionated on it. I think ultimately it'll be what we kind of know today to be real world assets.
I think ultimately like the crypto native assets probably are not far from their peak.
And the only way that kind of DeFi and crypto in general grows is by bringing some of the sort of off-chain economy on-chain.
And I think a lot of the way that will manifest is through what we call today real-world assets,
but we'll probably have different names and stuff for it going into the future.
But I do think the off-chain economy will move on-chain and crypto-native assets will be kind of like a small percentage of that in the grand scheme of things.
Cool. Luffy?
Yeah, I definitely echo what Kodun said.
You know, if you look at a scale of channel world and channel wealth, it's not at the same scale, you know that.
So no brainer. In two years, it's definitely RGBA.
But if we're talking about a one year, I would say, you know, I'm a conservative because we've been, you know, pretty deep in RWA that did a strategy around RWA and apparently partnered with one of the
prominent hedge funds in London. And what we realized from that experience was that the entire
on-chain ecosystem, DeFi products, DeFi primitives, they're not ready, they're not prepared for RWA yet.
they're not ready, they're not prepared for RWA yet. So one thing is, you know, by far,
all of DeFi primitives, they have been designed for crypto native assets. And there is a huge gap
between crypto native assets and RWA. I would say in order to accommodate a huge amount of RWA on-chain,
there needs to be a, you know, a a thorough change a complete modification of the mechanism
and the design of existing DeFi products for that to happen so I would say that will happen within
two years within one year well I'm a little conservative about that right cool thanks
a little conservative about that right cool thanks and last but not least matt are you
a crypto and please keep it really short on the explanation yeah so i lean more into what's
luffy direction short term is still crypto assets two years on a timeline probably getting close to
the inflection point real world assets aren't there yet there's still new primitives that need
to be built to unlock that permissionless real world assets will't there yet. There's still new primitives that need to be built to unlock that.
Permissionless real world assets will do better short term.
I think you'll see that play out.
The more KYC, KYB part, it's going to take longer.
It's super high friction at the moment.
But longer term, four or five years from now,
hard to estimate the price of ETH.
But real world assets are only just starting to begin. longer you play that out the stronger the market share becomes
thank you uh sorry for not getting spicy there we all kind of just gave the same
the same answer with different timelines it seems like everybody everybody is on the rwa train which
we are as well on mental side so we've been defining our our category and our
distribution through real assets but you guys are seem to respond on every of the pain points so
we're not there yet as an industry but we're going uh and yeah the regulation has tailwinds and yeah
i'm really looking forward to the next phase we can grow rv yeah with that um coming to the next phase, we can grow RV. Yeah, with that, coming to the end of this section,
yeah, Gemma, you can pull us out.
Thank you so much for all your time.
Thanks, everyone.
Thank you, Josh.
Thank you, Gemma.
Thank you, everyone.
I will see you at the next time.
So let me move on to the next segment
with the new guests we have.
Let me invite Ken and Lorenzo. Thankanger thank you guys for waiting for so long
how are you today ah great how about yourself guys good good oh my god ken look at you your
virtual background is like so yes yes this is uh essentially kelp i can't know i can't be enjoying the good ride of the azerian price 100 100 um not as good
as we'd hope for but hey maybe we're here for the long term right oh yeah we are on the same boat
since um this is a segment for the powering the asset layer on mental where the kelp dao and usdt zero so if you any like audience
are or community members in mental might not know who you guys are give us like a quick intro
and then i think like kel can you don't need an intro your background is already telling everything
you are just in case give us a quick intro of who you are. And then this here is Lorenzo is already familiar.
So I guess you can give like a short intro as well.
Cam, you want to start?
Yeah.
Sure.
Absolutely.
I guess quick background on me.
Leading partnerships here at KelpDAO and also, you know, all of our ecosystems.
Been in crypto since 2014 across different segments such as venture
market making early stage building advisory and ecosystem building my role here at kelp
dao is really to be an advocate i think first and foremost and really focus on building defy
asset composability integrations and even working with you know our close partners on the chain side
of things especially with mantle so yeah over to you lore or lorenzo
um lorenzo here thank you for having me having me again i'm one of the co-founders of usdt zero we are the expansion interoperability protocol for tether assets uh and very very excited to be here
and talk a little bit more about the uh the pretty exciting developments that we've seen happening
on on mantle so thank you for having me right thank you so much for joining us so I invited to
you because of the you know the milestone we have to flex about I know
that USDT zero on mental hits 600 million and then we have nine figure
here where the rest is that you know it's it's actually growing so far on away
so can you give us like what happened to these two assets on mental
and how did you make this best grow in short time on the mental defy?
What is the key to drive to these numbers to us?
Yeah, maybe I can go first.
I think on this end, right, one of the things that has been cooking very well
is that both for USDT Zero and Kelp is that, you know, we are assets that are blue chip, right?
And so the growth for that is quite easy.
Take, for example, also that it's a bit of an unfair growth advantage because we're building on Aave.
You know, these assets are deposited on Aave.
At the same time, the chain is an amazing partner, right?
Where Enmantle is our chain partner there.
And also a lot of this coordination has been done to really make sure that the growth goes well, right?
So I think these are kind of low-hanging fruits, which really made sure the growth has done well for a lot of us partners here on Mantle Aave.
Echoing 100% what Ken said, I think this was like playing in easy mode, if you will, Thank you. that we take care of bringing as ken was saying blue chips assets um to ecosystems it made it
very very easy for us to grow quickly um i think mental has been one of our fastest growing chain
it's already our fourth largest ecosystem even though it's been live for i don't remember exactly
how much but like a few months if i remember correctly about the 500 million mark i touched
as you said gemma 600 600 700 million issued on the chain.
It's just showing how much demand there is for Tether-based assets on Menthol.
And we're just very, very lucky to be able to work with partners like yourself, TokenLogic
and the AVI team to be able to bring an important asset for lending markets on one of the most
exciting ecosystems of your life.
Thank you so much for all this like a complete month
for mental but i i prepare like another spicy question for you guys since we only talking
about like what is my stone we have so far the first one is since you are building stable coin
and uh refs eat um in d5 what is real money between stablecoins or native assets like this? What do you think?
I'll take a knife out if anybody says not stablecoins.
I'll actually hand over the win to USDT0 or TetherBase assets.
I think the real thing here is that if you think about stablecoins versus crypto assets,
maybe ETH derivatives, ETH itself, Bitcoin, Bitcoin derivatives, coins versus crypto assets right maybe eth derivatives eth itself bitcoin bitcoin derivatives
a lot of these assets are used for particular use cases where stable coins are used for more
transaction transactional money or sort of legal tender across right because it's begged to an asset
that we're most used to which is a usd or fiat right um so i think i'll definitely hand over the
reins to you guys here in terms of what sort of real money is. But arguably it's not a question of like who's who, but rather which is more viable as a legal tender
or like a value of exchange between like different kinds of buyers and sellers.
I agree. It's the two faces of the same coin, basically.
Like we are extremely lucky to be able to build upon what is already basically considered a de facto dollar equivalent in the world which is tether we are extremely
happy to be able to support all of the use cases that tether brings to the wider ecosystems and
the wider tether users remember our our core business is actually not so much focused on
It's only been since the arrival of USDT Zero, we're seeing a lot of adoption coming into the DeFi ecosystem and DeFi platforms for USDT.
td5 it's only been since the arrival of usd zero we're seeing a lot of adoption coming
But before that, USDT has been crowned the king, not because of these large protocols and so on and so forth,
but because it solved the problem that real people had.
And obviously, I think we all believe that in the next 10 to 20 years,
the role of USDT could be probably replaced by other assets such as
Ethereum or Bitcoin itself but until
the volatility will kind of be
normalized a little bit if you will
these people need something stable
something that gives them
gives them an out
if you will to the failing
fiat currencies that they are using
like in Turkey or in those other places
and it's just my opinion what Paulo and the rest of the of the of the of the tether team
built is effectively one of the biggest product market fit in the that i've ever seen in my life
so we are very very happy to be able to fulfill the that role in the ecosystem that we're launching
on and i think we work very very synergetically with assets like like what
the kept out guys are doing as well as any other more um call it less centralized asset because
always remember that usdt0 is indeed a centralized asset because we we process law enforcement
requests and so on and so forth which means that we we serve two very different use cases compared to some of these other solutions.
Right. Wow, thank you. That's a great way to answer to not choose either of them.
But thank you so much for your insights. Ken, can you give us a quick intro,
what is the difference between refs ETH or regular ETH and the KelpDows ETH room?
Absolutely. So I guess with, let's just call it vanilla ETH, right?
This is the ETH that you utilize for things such as gas,
and it's kind of the base reserve asset of the classic EVM DeFi that we have today.
Right.
I think with RAPStake ETH, this is a yield bearing ETH.
This is mostly on the side that if you want yield on your ETH and you hold an asset,
this is what you hold, right?
So right now with RSE, we hold about and manage about 1.6, 1.8 billion in terms of assets currently.
And we're going to a wonderful size at it becomes a larger blue chip in this space,
accepted in every chain and utilize across different kinds of ecosystem.
Yeah, I think that's the core difference is that we give you a very secure way of yield, right?
Yeah, I think that's the core difference is that we give you a very secure way of yield, right?
And even then, there's a lot of ways to utilize that across different kinds of DeFi protocols.
I see. Oh, that's really a great chance that if you are holding ETHS,
and then you have extra native ETHS on the top of that, REFs ETHS as well.
So speaking of ETHS, you know, the RE REPS yield is coming from the network security.
And then, you know, the USDT zero on AVE, the yields coming from, you know, the dollar interest or incentive program.
Which one do you think actually like crypto native yields between like two of them?
On this side, I will probably give it to Cam.
I don't think it gets more native crypto yield than what they're doing.
On this one, I'll take the blame.
Yeah, but I think each one of us have our own use cases, right?
Whereas if we're focusing more on E-Field, which secures blockchains,
and in the case of LRTs or liquid restaking tokens,
we also have shared securities for other kinds of dApps and other kinds of use cases, right?
But each his own use cases.
But yeah, I would kind of refer to RSE having a more crypto native based yield.
Right.
Yeah, USDT zero is mostly like, it's organic yield most of the times.
And it's something that we are very very much like
to see being built on top of us we do not define ourselves as an underlying interest bearing token
but we are very happy when we see protocols like ave or any other places where you need an
integration with usdt to basically create those receipt tokens that then end up being yield
bearing i'm personally a huge supporter of on-chain yield, specifically for
stablecoin. I think it's democratizing access to things that for myself, at least as somebody that
has lived all his life in Italy and then in Switzerland, I can get yield with my bank account,
but somebody that is living maybe in Africa or Latin America, it must be very, very challenging
to actually be able to get yield. And on-chain products like Aave allow you to still get the
best of both worlds, right? Like you get the yield products like ave allow you to still get the best of both worlds
right like you get the heel side of things but you also get the fully permissionless and
and uh and the non-custodial aspect of it which is something very very cool um but yeah definitely
probably uh you guys are more crypto native yield we are more like uh useful yield not not useful
in that sense but more like organic yield if you know that is always been
able to execute to exist in financial markets but now it's now being brought on chain
wow yeah i totally agree there are many ways that you can bomb different kind of yield depending on
your situation portfolio and your preference as well i think it's a kind of exciting that because
we used to have only ease and then you know that that was the only yield we can bomb but now we have rgb a ss stable coins and many options that you can
you know choose on boarding many users at the same time so that's exciting part and
also you know we are as you guys mentioned we are one of the closest partner with bybit
as a c5 provider and we also have defy ecosystem on mental if you have to choose like as a user base is you're
not from kelp you're not from usd0 but you are one of the users one of us and between c5 to d5
that you have to utilize all of your money your your asset you choose just now for the rest of
your life then what do you think you're gonna choose between two ecosystems
ah that's tough i mean i i i don't want to be holding like eth all the time right sometimes it's directional right very painful and and it's kind of hard i would have to kind of refer to usd
i mean cash is king and in my opinion as much as as I believe in RSE and the things that we do here,
I still think that, you know, if things come to shit,
you still have to kind of hold a dollar asset, right?
Or something like that, which is less directional.
I like gold. I really, really like gold.
As you probably know, I've been screaming to everyone that I like gold a lot.
With Tether Gold and XUT0, we focus a lot on the gold growth.
We think gold is an amazing asset.
And I personally, it kind of depends on what the use case it is at the end of the day.
But I would be, there's two assets that I'm always very, very happy to buy more and more every time it goes down.
One is Bitcoin and the other is gold.
So I would say lately more gold than bitcoin if i have
to be very honest with you but um i'm still okay with that and i have to say that bybit has been
one of the closest partners on the tether gold expansion you guys are uh i think you are the
premier the venue with the largest amount of volumes on on the xut centralized order books
and it's it's very very exciting and if i have to say, I am looking forward to see if there's something we can do with
Tether Gold and Bybit and Memento specifically, because I think my personal opinion and I
have a contrarian opinion to the rest of the industry is that tokenized gold on chain will
probably be the biggest thing we've ever seen since the arrival of Stablecoin.
So we are very, very eager and we're positioning ourselves as much as we can for that.
Yeah, thank you so much i am
holding the gold as well also i have some digital gold you know like aka bitcoin so i'm looking
forward to see which one is like uh giving me a better chance to be rich in the future that was
last question from uh my our segment and um yeah can you give us like a quick closure or goodbye to our mental community to say we may be coming back with a bigger milestone or, you know, like exciting news?
I think I could go first, right?
We're seeking to really grow our ETH even more on mental and really have a lot of use case for it for our users.
And then just benefiting overall of what we can do, right?
Even potentially borrowing USDT.
That's something I'm trying to speak with the Mantle team about.
So hopefully we get that through quite soon.
That's a lot more composability.
So that's a lot of more composability for us.
And I guess as a closer, thank you for having us.
It's been super fun talking about this segment.
On my side, again, i'm blown out of the
water by the amount of support adoption and growth that we've seen happening on mental
um i want to say that i was expecting it but uh seeing it actually in in practice has been one
of the most amazing things ever a big thank you goes to josh because he really pushed to to make
sure we could actually work together uh we've actually had to also overcome this challenging of migrating
between the old version of USDT to USDT0,
and it's been an amazing success.
We went from zero USDT0 issue to sometimes more than 600, 700 million.
It's been amazing.
We couldn't be happier to work close to Mantle,
and I'm personally very, very proud to see Mantle
to be one of the main pillars next to Polygon Arbitrum Plasma on which the USDT0 network is built.
As soon as we cross the 1 billion initials, I guess I will throw a big party
and invite everyone because I think it's going to be very, very, very exciting.
And yeah, also echoing Ken, thank you for having me.
It's always a pleasure, always fun, and always great to talk to you, Gemma.
Thank you so much for joining me, and I will see you with a bigger amount of milestone like nine figure and ten figure next time. Bye bye.
So this is the last segment that I know you guys have been waiting for this. Let me invite the
DeFi Dojo. Hi Stefan. Hey how you doing Jemma hi i'm doing good how about you are you doing well
doing well thanks for asking oh my god your um your mic sounds amazing thank you thank you i
think it's our first time to meet mental community on the mental live stream so can you give us like
a quick intro and what are you going to do today?
Yeah, sure. So I am Steven, also known as the calculator guy. I run the DeFi Dojo Discord,
which has a few thousand members in it, a lot of family offices, hedge funds, LPs,
and tons of teams in there. So the Pendle team, the Gearbox team, the Euler team,
Mantle team. And we talk DeFi all day long long on top of that and we're also launching a protocol in a month it's called mezzanine is a it's a
trance based stable coin protocol and I also do a lot of yield faced or yield
forward content on X and and on YouTube Wow that's a lot so it sounds like you
are the yield guy that people are looking for yes yield is my bread and
butter all day long okay so um can you give us like a yield guide that people are looking for yes yield is my bread and butter which is what i think about
all day long okay so um can you give us like how how do you find like a mental defy ecosystem or
is there any like yield strategy or yield opportunity you are kind of looking for or
are you like farming any yields on mental or across like solana defy by b or mental defy ecosystem
well thanks for thanks for the great setup there so yes uh on all those things there are opportunities
so uh by real is one of the things that's been super interesting which is which is this uh dex
on solana that is by the the bybit team and it is really really deep into the rwa narrative so
the rwa narrative is as everyone has said in this uh in this call it is huge it really deep into the RWA narrative. So the RWA narrative is, as everyone has said in this call, is huge.
It's blowing up $22 billion in RWA's on chain,
which is absolutely nuts.
So if you want to LP stocks,
BuyReal is the place to do it.
It's phenomenal, even gold.
So I heard you say that you're a gold holder
and digital gold.
So the incentives over there have the USDT, so shout out to the USDT guy, and gold LP
at something like 130% APR, which is really
really crazy. So you can get yield by holding gold and have muted exposure to it by being in the LP.
And then on Mantle itself, you guys were just talking to the USDT
guy at UST0 about the Aave-Thena play.
So I call it Aave-Thena, but what that really means is
there's this looped play on Aave, which is a little bit esoteric. You have to really understand
how it works, but if you do it, it is one of the largest strategies in all of DeFi. And mantle is
number one right now in this particular play. So on Aave, what you can do is lend or collateralize
S-U-S-D-E and U-S-D-E and borrow U-S-D-T against it. And if you're leveraged on that, you can do is lend or collateralize SUSDE and USDE and borrow USDT against it.
And if you're leveraged on that, you can get somewhere around 16 to 18% yield with very, very deep liquidity.
So it works because the cost of borrow USDT zero is lower than the incentive rate of SUSDE and the USD incentives that are going out to it.
Wow. So have you used like the Aave market?
So I'm seeing the mental market
on Aave right now.
And you can see that.
Can you explain for the beginners
where they can start?
Yes. So
is syrup uncapped?
So usually syrup USDT, I mean, there's so much
stuff here. Usually syrup USDT
is at capacity, meaning you can't enter into it. That's because it's such a good opportunity to take syrup USDT, which is around a 5.5% yield bearing asset, collateralize it, which means 5% on your syrup USDT and borrowing at a 2.72%,
you can then take the USDT you borrowed, convert it into more collateral. And now you've leveraged
up your yield. You go from a 5% yield to now a 7% yield. And you can continue leveraging this up
and borrowing more until you're at around a 16% yield. Now that's syrup USDT, but I think that's at capacity right now. The one that I was talking about is USDE and SUSDE.
So if you go to USD and hover over
the little weird squiggly thing,
oh, that's SUSDE, go back,
go to USDE and then over that circle
with the squiggle in it.
Oh, nope, back.
Sorry, circle. Back. Sorry.
Circle.
So right by the number, right where it says 3.66 underneath,
there's a purplish pinkish circle for USDE.
Right in the middle.
There you go.
Yeah.
So yes, perfect.
Perfect. So this is a long description of what you have to do to qualify for these rewards.
So this is a long description of what you have to do to qualify for these
rewards.
And in short,
And in short, you have to be having more SUSDE collateral than USD collateral. So you can have,
let's just say $101 of SUSDE and $100 of USD, and then you would qualify. And you have to be
borrowing at least half the value of that as a non-USDE stablecoin. So one setup could be
stablecoin. So one setup could be $101 of SUSDE, $100 of USD, and you're borrowing, say, $101 of
USDT. So that's a minimum requirement for qualification. And if you are leveraging that
by taking your borrow and converting it into more SUSD and USD, then you can get up to 16% APY with
very, very deep liquidity. So this is a yield that's not going to get diluted.
There are some protocols like IPOR
that are actually doing this for you.
So you don't have to overthink it.
You can just one click into the strategy
and not worry about all the complicated stuff I just said.
And I think they're interested in coming to Mantle.
So it would be, and I can push them in that direction
because Mantle, if I understand correctly, is the place where this particular strategy, which is arguably one of the most exciting ones in DeFi, is the most high yielding.
Is it? Wow, that's an amazing challenge for everyone who is looking for the yield opportunity and holding the stable coin at the same time.
holding the stable coin at the same time.
Yeah, and on top of that,
you're only exposed to Athena and Aave,
which is really, really good exposure in terms of risk.
Also, there is like an extra point for a USDE.
Yes, you do get points for USDE,
5x points for the USDE you hold,
and then 5x points for the SUSD you hold.
So on top of that 16%, you're additionally getting points.
Wow, that's amazing.
Is there any other crypto assets you are interested in as well?
Oh, sure.
I mean, if you want to leverage ETH, you can use WRS ETH as collateral, borrow ETH against that, do the same sort of thing.
We take a version of ETH, borrow a non-yield-bearing version of ETH, and then just keep stacking it up.
This is called looping in DeFi.
And you can take the yield of RRS ETH or WRS ETH, which is somewhere around 3%, and then turn that into 7% or 8% yield, which is phenomenal for ETH.
I also like gold. I also ETH. I also like gold.
I also like Bitcoin.
I also like RWAs.
For me, I have been playing a lot on Byreel
just because it doesn't have a token yet.
On top of that, the APRs are just really, really good.
Perfect.
Go to markets, yes.
Wonderful.
And the really cool thing about Byreel
is you can sort by types.
You can click RWA, you can see all the RWA.
Before you click that, because the three bit feature won't show up if you do.
Just a little bit so it can show the APRs.
Can you make everything smaller?
Okay, let me try.
Yes, okay, so estimated APR, perfect.
That's fantastic.
I know it's like super tiny,
and then can you scroll to the top of the opportunities?
Yes, okay, awesome.
So XAUT0USDT currently at 54.81%.
The 3Bip pool, which is right beneath that, is at 60.52 percent that is on LP and gold and
USDT which is really really good and the most competitive USDT slash gold LP out there if you click on
Yeah, right there and then we click on RWAs
Then you will see all of the different X stock
US assets that are available to you.
So there's the gold one, there's Nvidia USDC, there's Tesla USDC, there's Google, there's QQQ.
And so what I've been doing is I've been looking at the implied volatility of some of these pairs,
some of the stocks and saying, well, if I can assume it's going to move this way or that way,
I can calculate the impermanent loss and I can
then say, oh yeah, sure. So with implied volatility, you have a indicator of how much the asset should
move each month. And if I know how much it might move according to implied volatility, then I can
calculate my expected impermanent loss at the ends of those ranges. And then as long as I'm beating the impermanent loss with my APL, this is an EV positive position.
And so I've been using that to enter into some of these positions and one of the ones
I really liked was QQQ, USDC, while those incentives were drilling.
So you have to be dynamic, you have to watch where the incentives are flowing, but it's
been a lot of fun.
What you can also see here is that if you don't want to try to do that yourself,
you can see all of these strategies on the right.
You can copy trade them and then you benefit and they benefit.
And there's, of course, a little bit of additional APR.
Wow, that's amazing.
I actually haven't tried this one.
So it's like you are making your option on DeFi and following the other people's strategy,
like they made their own option based on their assumption.
Exactly right.
So they've set some range and you can see how well they've been doing, how long they've been doing it.
So if you look at some of these, oh, they've been open for 21 days or they've been open for however long
and they're getting this APR, I'll trust them to do it instead of me.
If you want to do it yourself, which is what I do
because I like to do all these calculations, then that option is available to you as well.
I could talk about BiReal for the entire time, but they also have perps now. And if you do some
funding arbitrage, which is something that I really enjoy, you can basically short an asset
that you like or that you think is not very volatile on buy real and then long it somewhere else and then you can benefit
from the funding rates. So there are so many good strategies out there.
DeFi is a never-ending cycle of cool things to play with and math to think
about. So I love this space. Wow, I can tell. Wow. Can you give us the name of
the loop strategy application that we can work on on Aave?
Let me try this.
Oh, iPore?
The one that we just click right into it?
Or are you saying the name of the strategy?
Yeah, the name of the strategy.
I call it Aavethena, which is A-A-V-E-T-H-E-N-A.
Okay, thank you so much for guiding us.
I feel like I am really the DeFi beginner that you can tell.
Thank you so much.
You were doing great with all the navigation.
You got there really quick.
That was perfect.
Thank you so much.
What about since I think we don't really have a lot of time right now, is there anything that you might want to share before anyone who watches this and wants to jump into the DeFi?
What is the biggest thing that they have to keep in their mind before starting?
Oh my gosh, there's so much stuff. Don't throw all your money at any one strategy. That's the biggest warning I can make.
at any one strategy. That's the biggest warning I can make. Diversify, but do play with things.
That's huge. The best way to learn is by having some meat in the game, which only comes through
actually trying stuff. You can think about strategies all day long, but until you actually
try it, you won't know what the benefits are, what the hard parts are, what you had to think
about that you weren't thinking about. So go out there, play with stuff. Like, you know, actually
deposit capital, but please don't
deposit all your capital because you never
know what can go wrong and you never know if you are
messing up your calculations. So
go, touch things, play with stuff
and that is the best way to learn DeFi.
And of course, follow me on Twitter and you'll learn
about DeFi every day. Sure, sure.
Yeah, let me follow you and ask some questions
as, you know like once i
start my defi journey and i'll share with all of you guys as well thank you so much defi dojo
yeah can you give us a um goodbye to mental community and invite your community to join
and learn more about the defi yeah sure well thank you guys for for having me it's been fantastic uh
goodbye to all of the the mental communities thank you guys for for having me it's been fantastic uh goodbye to all of the the
mental communities thank you guys for watching everything and uh defy dojo labs come join the
community and check out what's going on thank you so much i will be looking forward to hearing more
the interesting defy strategies that we can try on mental thank you bye so that's everything for today's live stream i hope you guys enjoyed it and then
let me know how it goes if you try one of the strategies we just shared for mnt and then as
you can see you can use mnt on viral and other d5 ecosystem and if you are not one of the holders but
even though you are not you can join our incentive program to fund and making more yields on the top of the things we just shared.
So let me know what your experience for Mental DeFi ecosystem. And I'll see you next time. Bye-bye.
