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MANTRA Chain DeFi: What Comes Next 👀
Recorded: Dec. 11, 2025 Duration: 1:03:57Space Recording
Short Summary
In a dynamic discussion, key players in the crypto space announced the launch of Quickswap's CLAMM technology, the upcoming token upgrade for Mantra, and the strategic partnership with QuickSwap. The conversation highlighted innovative projects like PoolWise and Fluxtra, which are set to enhance user engagement and yield opportunities in the DeFi landscape.
Full Transcription
The End Thank you. . Thank you. . Thank you. . I'm sorry. Thank you. . That's nice.
I like that music.
I'm so calm.
I can't really say anything.
Music has put me in a state.
Yeah, I'm trying to get everyone to sleep.
Yeah, it's good.
This has been a hectic day.
I needed some nice music to chill out, too. I wish I could say the same
but I woke up like half an hour ago
at like 10am
yeah well let me tell you today
lots of stuff will happen to you today
I'm at the end of it
you're at the beginning of it enjoy I don't you today I'm at the end of it you're at the beginning of it
enjoy
I don't even think I'm at the
it's been like a week and a half now
it's really enjoyable
you're sick?
that's what you said?
yeah
one of those sicknesses that lingers with you and just keeps you sick,
keeps you at home, that kind of thing.
Yeah, I've got a three-year-old as well,
so trying to keep him alive while also being sick is the hard part.
Yeah, we'll order McDonald's today.
Go ahead.
Yeah, that's a great excuse to order McDonald's.
Kids are home. Kids are sick. They need to great excuse to order a McDonald's. Kids are home.
Kids are sick.
They need to be happy.
Get a McDonald's.
I was looking at the agenda we put through here today.
It's actually quite a lot.
And I've got, let's see, if everyone's here.
We've got Ali.
He's here. We've got Ali. He's here.
Well, what else do we got here?
Where's Flexstra?
Oh, no Flexstra.
Well, Ali can start speaking whenever we get to that point.
Oh, there's Flextra.
I see you now.
And we're just waiting for Poolwise.
Poolwise will come on and just say trillions, I think.
Yeah, I think
Flexstra's just been
playing with a yo-yo. I think I've let them up on the stage
like six times at this point.
Yeah, the
Flexstra guys are shy. They don't want
to talk.
Maybe. I don't know.
You're just going to sit here and smash
emojis, huh? That's fine.
We had the spaces yesterday where some guy came in and just said choco choco choco
and smashed emojis and then left
that
that is about the
the only people that are left in this market
yeah
the idealists
are few and far between
yeah we just got the guys Yeah, the idealists are few and far between.
Yeah, we've just got the guys that have got a vocabulary of three words left.
Yeah, Choco, Choco, Choco, DeFi, RWA, Choco, Choco.
I do feel that. That resonates with me. Yeah me yeah I mean it was really funny
I was glad oh there's pull wise
I see them up on the logos now
you guys can come up
on the stage if you can
figure out how to use twitter besides saying
trillions
yeah I didn't look at their account and it was just like
trillions GM trillions gm trillions
they're getting used to it they're not really crypto crypto native uh they they they were the
winner of our hackathon they have a really great idea um we we did a a big event in Abu Dhabi, not this week, but maybe six weeks ago.
And they have a really big idea, and they won.
So now they get the joy of joining Web3 and learning about Twitter and things like that.
Jackal, Jackal, Jackal.
Yeah.
So just get up here and say trillions, trillions, trillions,
DeFi, DeFi, sports, fantasy.
Yeah.
And that should be good.
Hi, everybody.
We're here.
Ah, good.
GM, trillions.
Sorry about that.
I blame VPNs and living in a country that doesn't let you actually access this website.
You know what I mean?
That is true.
They are not from a country that you need a VPN from, which as far as I know, there's only one.
It's a big one.
Yeah, it's a very big one.
Anyway, good morning, guys.
Shall we jump in or we're just going to banter until there's 88 people in the space or something?
Up to you. I'm ready to get going.
What do you think, Panda?
I was going to wait for the 88 people.
But, yeah, you guys can decide.
My standup routine is not as good as it used to be.
I can't really just get them in like I used to.
I'm getting grayer haired and longer in the tooth.
I guess let's just jump in.
Let's just jump in.
We had this space today because Quickswap has just deployed their wonderful CLAMM technology.
That stands for, what does it mean?
Concentrated Liquidity Automated Market Maker Swapping Interface.
It is now live on the mantra chain.
So we wanted to have a you know, a get together
to mark the occasion. And what is that at? What's the website? Anybody know?
Quickswap.exchange.
Yeah. Quickswap.exchange. Very simple. And then you just hit the pull down menu and you drag it on down to mantra
uh i think you know you guys are on we uh we managed to hit it off like originally because
like quick swap such an easy name you're like okay you can swap quickly
yeah it's just right there in the name what it says on the tin yeah
yeah unfortunately at, we had
to go through five years of
our token being called OM,
and then everyone would say,
wait, Mantra is
OM? OM is Mantra? And we'd be like,
yeah, it is. Like, well,
that doesn't make any sense. And then we'd go,
oh, well, every Mantra starts
with OM, and they'd go, oh, I guess it does.
Yeah, I actually noticed this.
All the swaps with the word swap in their name
do better than all the swaps that don't have swap in their name.
Yeah, I mean, it's marketing 101.
You should tell me what you do, right?
Like pool-wise, what do you do right like pool wise what do you do i imagine something
to do with pools uh sports betting pools that's what we're dealing with so there's there's a pool
in there just not the one you swim in ah so it's not a swimming pool it's a sports betting pool
okay great and i guess it's uh wise in some kind of way yeah because it's a it's a smarter way to
handle your money when you're uh dealing with sports betting leagues okay you'd be wise to
get on our platform i'm excited about that uh so it's there in the title um So we have pool wise today, and we also have Paisi.
Or I'm not sure exactly how that should be said.
Ali, you want to tell me how to say your name?
It's Paisi.
It's Paisi.
Paisi.
Paisi.
The accent on the E.
Yeah.
You know, if you write in English, the accent is not really there.
So hard to remember.
We keep things simple as Ali.
Ali is much simpler.
Yeah.
So Ali is sort of the meme coin of Mantra.
So if you're new to the Mantra ecosystem, then you'll need to know these names
because they will be deploying pools on the QuickSwap.
So that's why we had them on the space here today,
so they could introduce themselves to you guys.
So when you see their pools deployed,
that you won't be so surprised as to what they do.
And so you can get a head start on, you know,
following them and learning about them and doing your DD and everything.
So I figured like, you know,
like we can quickly go through the mentor ecosystem.
Why did we talk to quick swap?
Well, it's because we've known quick swap for four and a half years
we were one of the very first pools deployed on quick swap polygon that was our own token uh it did
trillions right pool wise of volume maybe maybe billions uh of volume on Polygon, and we recently had to remove our liquidity from there because we're
upgrading our token from the ticker OWN to ticker MENTRA. This will happen in probably late January.
And in the process of doing that, we have to kill our ERC20. And in the process of doing that,
we had to remove all of our liquidity from Polygon, base, BNB, etc.
And we thought, well, wouldn't it be nice to bring our dragon friends over to our new shiny chain?
And that's why they've recently deployed.
You can go there now, quickswap.exchange, remember?
That's what we're here for, quickswap.exchange.
And what is Mantra?
They're not getting away from us that easy.
Yeah, you guys chased us.
We've left Polygon.
We were early validators on Polygon back in the day.
And that's why I think we got to know you guys.
I'm not quite sure how that played out.
And then we're happy to have you as our
first DEX,
or first one of two DEXs.
There's also another DEX, but we won't mention
them on this space.
Out of respect for who the host is.
So when you're a project on Manitra Chain,
you can choose to deploy on QuickSoft, which is
a V4 implementation.
So there's like really nice plugins that you can use on like top of your sort of Uniswap concentrated liquidity that everyone's used for.
Used to.
And, you know, teams have to decide like how they want to deploy their liquidity.
And QuickSwap is a good option because it has very fine-grained tools for that.
We were setting up the pools for MontreUSD.
Shout out.
They're out in the audience again today.
And we're having fun playing with QuickSwap
and just how granular you can make the ticks.
So on a stablecoin, this is very important because the more granular you have these ticks,
the deeper the liquidity can be without having trillions, like pool-wise, like to say, without having
that amount of money as deep liquidity.
So, like, basically, for MentorUSD, which is our ecosystem stablecoin, QuickSwap is the
perfect venue for deploying that liquidity, because we can be super, super efficient without
having to spend lots of money.
I think you can do techs
for it as well.
You can basically get the tech down
to 0.0001
I think by default.
If you wanted to, you can build
a hook that goes even lower than that.
I remember someone tried that on UniV4.
I think
they had like a $14 million
liquidity pool with that size.
And they were doing like
billions in volume every day.
But the fees were so small
that obviously, I mean, people didn't think it was
worthwhile, but I think the fees actually annualized
like 14% APY.
Yeah, I mean, for MENGUSD, we're not trying to make money was worthwhile but i think the fee is actually annualized like 14 apy i yeah i mean for menge
usd we don't we're not trying to make money on the fees there we just want people to come in and
out of it as efficiently as possible so like from that perspective like having an integration with
quick swap is super nice like we have squid router like coming on. They're not in the spaces, but you'll be able
to Squid into the
chain and it's directly
tied into the
quick swap pool
and it'll be like market makers
that manage
USDC into Manitra USD.
It'll be super, super...
Once I get set up, that'll be super, super
efficient. I think the last thing we're waiting for is like basically to get market makers set
up on, on the exchanges on chain so that, um, coin gecko and, uh, and coin market capital
will recognize our small and start and upstart chain.
So that's the next step. So we're kind of like, you know, going fast,
but also slow because it's the holidays and, you know,
we can afford to do that because no one's paying attention because it's
Christmas.
So I'm going to invite Ali Revgator up first.
Why don't you give us an introduction to what your project is
and how the token is looking to move over to Mancha Chain EVM?
Yeah. Thank you. how the token is uh looking to move over to mentor chain evm yeah thank you uh thank you prop just give me one second i think
the country where i am in has similar issues with twitter spaces working so i just want to be sure
i'm audible am i all clear am i audible yeah i hear you man okay awesome gm everyone um thanks
again prof for having me here thanks quick swap um been an interesting year for us actually uh
i think in about two months time we'll be exactly a year old as a project started off as something fun to execute
to make rwas more interesting more accessible for everyone and i think the kind of response
that we got launching early this year has been absolutely phenomenal but let me probably start
off with where we come from what we do give some more context for people because this,
while we call ourselves the RWA meme, I think the RWA piece of it is something that makes
this project super interesting and super exciting for everyone, right?
And the guys who've been participating with us over the last year, I think, have understood what
value we really bring to the table beyond
just the meme side, right? Because Ali is a super fun character. So about a year ago,
exactly a year ago, we launched an AI agent here on Twitter called Ali. The character was supposed
to be a biker gang leader right someone that believed in crypto believed in
web3 believed in the principles of decentralization loved rwas obviously and was riding a pink color
motorcycle uh very much mantra branded right this character is just going out on twitter and just
shit posting um obviously talking a lot about. Obviously talking a lot about RWA,
talking a lot about crypto,
talking a lot of places where Ali lost his money.
Super funny. I think spent about two and a half months
shitposting on Twitter.
And I think obviously a lot of the mantra community
and a lot of the faces right here in the same space right now
have very well interacted with Ali, got some funny responses, got some fun responses.
But one thing we realized in that journey of building the character and putting this out is people started understanding what we do as a product, right?
As a real world asset itself.
So just to take a step back uh my name is kawstub
i'm one of the co-founders of paise we're a platform that tokenizes green real world assets
everything from renewable energy down to electric mobility our core asset class or i'd say our hero
asset class is actually electric motorcycles being used for food delivery here in uae and india
used for food delivery here in UAE and India.
And the objective of what we wanted to do with Ali was to get people talking about the
asset that we're building without it having to sound boring and very routine debt pool,
right?
Or a debt investment pool, which is saying, hey, listen, put money in here.
It goes, gets invested into an RWA and you get some percentage returns back,
right? It's fairly straightforward, makes it difficult for people to,
difficult for us to stand out in an otherwise over-trouled market.
And people aren't going to be as excited to talk about a debt pool as much as it is to discuss
about a talking alligator riding a pink color motorcycle going around Dubai
doing food delivery right so that was the idea we launched I think late February early March
on mantra chain I think we had a phenomenal launch on stream swap a while back we were on the first
meme coins to actually have utility which we proudly call
memetility and the mentality here was simple right you could use your bike tokens to be able to burn
and own parts of real world motorcycles doing food delivery to a point where right now we have close
to 90 motorcycles running on road.
All of these motorcycles were fully deployed through the proceeds of the original sale of the token that we did earlier this year.
I think bike token holders have gone ahead and burnt their bike tokens to get some of these NFTs to be able to get a piece of the earnings coming from the bikes doing these
deliveries. As of today, the last I checked, we've distributed over, I'd say about $45,000,
$50,000 in earnings. Damn, that's a lot.
Yeah, just in a span of the last six months, right? So, sorry, seven to eight months.
So it's been a phenomenal journey.
So if you actually go to our website right now,
that's hodlthrottle.bike,
you can actually see the live location of the bikes
that are on the road.
So if you're in Dubai sometime
and you want to see where these real world assets operate,
you'll either find bikes with the Paisé sticker on it or some pink color motorcycles,
which I think someone posted a photo of that on our Telegram channel yesterday,
because as in when the community folks come over to Dubai, they drop me a message and say,
listen, we want to see the bikes.
They come to a garage and they see our bikes, right?
So there was a photograph put of the pink bikes as well so yeah i think um the objective behind alley is to make
the kind of asset that we work with more fun and more accessible um we want people to at least in
this side of the world on the defy and web3 side of the world to look at the kind of assets that
we build in more like a
conversation maker, something that we, you know, they'd be proud of actually owning to talk about.
And yeah, I think the original launch on Mantra Chain, the Cosmos Mantra Chain was phenomenal.
But as we look to progress and build a product around what we're building,
which we've already published a roadmap for,
it's slightly long,
so I don't think
I can cover it on this call.
But there's something interesting
that we are building,
which needs a lot more scale
and a lot more toolkits
that are available on EVM.
So we are currently
in the process of migrating
over to EVM, right? both the tokens as well as the
nfts that we have of the bike paths um i think the good thing about this whole process is how
seamless it actually is i i was overthinking about this i know my tech guys were overthinking about
this um took a 15 minute call right prof um it Prof? It was a 45-minute call,
but 15 minutes is all we took to discuss migration,
and it was as simple as clicking three buttons, right?
Yeah, it's the way that the devs have figured out the chain,
it's basically, it's a multi-VM chain.
So it's a Comet BFT chain that has a WASM module
that you can write smart contracts in, but it also has an EVM module that you can write smart contracts in.
So you're not really bridging from one chain to another. You're just kind of changing the coin type.
And if you mint the token via the bank module, you actually have the Cosmos token and the ERC20 token, which is what the bike token is on Mentra.
And that's how the OM token is also designed, right?
Because I do know,
while I was playing around with the testnet,
I do know that there's a migration facility
for moving OM back and forth between the two chains.
While we think it's two chains, it's technically not.
Well, it's actually a little bit different well it's it's it's it actually a little
bit different because ohm is or soon to be mantra or the is the gas coin of the chain so it's not
exactly minted by the bank module um but but it's slightly different but yeah you can go back and
forth um uh between one one side of the chain and the other,
but it's really just converting your token from one coin type to another.
So it looks like if you're accessing Mentra via Kepler or Leap,
that it basically is two different chains.
One is the Cosmos chain and one is Manchur EVM,
but it's actually just one chain.
Yeah, I think that's the simplicity even on BiExcited
because we had a bank module token.
We came to the token factory.
Yeah, so that's why we build it this way
is that if you mint your token via the bank module rather than having a smart contract ERC20, then, you know, it's super easy for you to go like from one side of the chain to the other and
interact with, with like Mentra swap on the Cosmos side or quick swap on the
EVM side. You know,
like if you have legacy code that you've built on Cosmos side,
you could use it there. But the, the,
the painful message there is that we found out that there just isn't that much legacy code over on Cosmos.
EVM has so many building blocks already there that you can fork and play with.
It's just not even fair to compare it to any other smart contracting language.
Yeah, true.
And I think that was one of the biggest reasons why,
because as a part of our roadmap
and what we wanted to look at,
continuing this project of the Pyke token
was to build a GameFi platform.
And it's just one avatar
of what this product can actually be.
Obviously, there's the serious product
that Paise works with,
which is an investment product.
And, you know, it's a debt instrument of sorts
that we're working there.
A lot of stuff happening that side,
but there's a slightly more fun
and engaging way of representing the same thing.
But when we actually had all of that thought in our head,
we realized that the EVM ecosystem
does have a lot more tools available to make that possible.
So yeah, I think we're in the process of migration.
We were obviously starting off with the token migration
to begin with,
which we will share some more details on soon.
But I think that one is to move.
So we're looking at that happening sometime end of this month itself.
I think we should have the date out by later this week.
But I think irrespective, the only thing to keep in mind is
if you do have any of these buy tokens in any other chain right now you should
IBC it over to mantra right away and as soon as that's done we will start migrating it out I think
about 29 percent of the total supply is on osmosis the rest of it's already moved over to mantra
but yeah if you guys haven't already done it and you hold these bike tokens, you should move it out there because we will be soon removing the liquidity out of Osmosis as well, getting ready for the launch on EVM.
Yeah, and so Mantra as well has removed its liquidity from Osmosis.
You know, shout out to the Cosmos brothers, but we are moving on to EVM and we need to deploy our liquidity on our chain,
probably between mostly on QuickSwap.
So look out for more deepening liquidity to occur
over on QuickSwap in the near future.
And also, you know, the Ali NFTs will be on element.market,
which just like kind an interesting first launch of an NFT collection,
like not only on Monad, but on Mantra itself.
And that, if you want to jump up real quick,
Loki and talk about what's happening there, you can, I suppose,
you know, request for a speaker and we'll get you on here.
So thank you, Kassav.
Any last words?
Because I can't get you to commit to any dates.
Yeah, that's something that we're working on.
So I'll definitely get back on that.
But yeah, the only thing I can ask you guys to do right now is if you have the tokens
then please move that over to mantra let that not be a last minute thing because we're going to
start with the token migration first and immediately after that the NFT migration as well
and if you guys don't own the NFT already for now you can go on Stargaze and get some
we have weekly rewards going out monday of every
week actually uh we've been doing it yeah it's the last eight months it it's no joke they've
been paying rewards out every monday for eight months uh despite the fact that um mantra had
its own sort of interesting year specifically uh if you've been looking on the timeline there,
some of this stuff's been coming to fruition, coming home to roost, I should say.
But, you know, the Pisces or the alligator team has been dutifully doling out those USDC
rewards every Monday.
And I expect them to continue that once they they move their nfts over to element.market
and uh also you know in the spirit of uh our recently launched uh ecosystem stablepoint
they'll be moving those rewards to mensure usd right 100 i think the weekly rewards has been the mantra of,
pun intended, of the Telegram chat anyway.
So it's Monday payday, as they say in the group.
Yeah, Monday payday.
So keep that in mind.
Once they go live on element.market, pick those up.
You get those weekly rewards, and you can go trading on Quicksil.
Thanks, guys.
So we'll move on to our next ecosystem uh
play uh which is pool wise which we briefly talked to uh earlier here um pool wise um
was our hackathon winner uh back at our agentic conference which is something that we held uh in
tandem with our one of our investors named Invinium.
Invinium is a very large Abu Dhabi-based AI investment conglomerate
that they co-invested in by G42 and Microsoft.
So they're pretty big hitters,
and we're very proud to have that conference with them in Abu Dhabi.
And from that, we got to meet PoolWise,
who are here today on the stage.
And let us know what your project is about, guys.
He was on VPN.
So one of my screens says you're a speaker
and the other says you're a listener.
Yeah, he's dropped to a listener from me as well.
Yeah.
Well, if Loki, are you there?
You can be promoted to speaker and we'll get back to PoolWise whenever he logs back on.
Oh, he said his device crashed.
All right. oh he said his device crashed alright
so anyways
I'll skip to
anyone else
while we wait for him to come back on
I'm trying to get Loki to come back up
Loki is our
NFT collection
and he has
something he should be very
excited to talk about.
But I'll
say it if he doesn't want to get up on here.
Loki is available at
I can give you the
website to mint it at.
It's
888 RWA underdogs
on Metro Chain. Available at element.market. it at. It's 888 RWA underdogs on Mention Chain, available
at element.market
slash drop slash Loki dash NFT.
It is
currently at an 83.8%
minted out.
You've got about 140
left or something
like that. 144 left.
if you're interested in picking up the first ebm nft collection go on over
to quick swap buy some mentor usd which is the best depth for mentors to you right now and then
go uh buy some off the secondary market or that's probably the easiest way to do it or or you you
actually have to mint and own for some reason.
Okay.
Pullwise is back.
How's it going there?
Oh, and then he dropped again.
Interesting.
All right.
So as we keep messing with Elon and his toys,
what else can we talk about?
What else is on the list here?
Had Fluxstra, but then they left as well.
Fluxstra, not here.
Okay.
Yeah, they keep jumping up and down.
I'm not sure what's going on. Yeah, come on, Fluxstra.
Just smash the emojis or something.
Oh, he's smashing the emojis now.
I can talk about Fluxra for a bit.
So Fluxra is at Fluxra.xyz.
So Fluxra will be the sort of vault protocol of a mentor chain.
And where that is interesting, I know that they're in audit right now they're basically going to take your quick swap lp tokens should you go create them and they will put them into a vault and
enable you to take all the trading fees and and whatever other potential rewards would be in that
lp and then they'll reinvest them periodically.
I think it's like every 12 hours or every 24 hours back into the same LP token.
So it's a really super efficient way to get access to stablecoin, deep stablecoin liquidity for the ecosystem.
And like a very low risk way to get some yield
uh anything to say it's the flux no gm trillions right they said 100 100
yeah oh oh there's one okay yo i'm notxture dev team, but I get around this mantra ecosystem a lot and very excited about Fluxture.
I'm excited about Fluxture. The LP vaults are super cool. I'm probably going to put my mantra USD in there because I hate clicking buttons I just want something to auto compound you know exactly and I want everyone to know
that fluxure is well and truly back some of the some of the team took a break and
now we have fresh blood in the fluxure world and we are so back and yeah to
keep a core part of the ecosystem liquid staking tokens so yeah
we're really excited to to push this forward yeah a lot of people don't understand uh when i say
vaults i also include lsts uh that's kind of an interesting uh story and i guess it's because
simply you know a liquid staking token token is an auto compounding vault based on the ERC 4626 standard.
And that's exactly what vaults are, like boring vaults that accommodate RWAs.
So that's like the three types of vaults that you'll find on Fluxtra.
Like one is the liquid staking token.
So it'll be be the mantra token. You can stake it,
and then it'll automatically claim your rewards and then restake it. That's one type. The other
type is the LP vault, so think like beefy finance or something like that. So like I was describing,
stick a stablecoin into Quickswap and then take that LP token and then stick it into the vault,
and then you don't have to worry about anything.
It'll just auto compound all your rewards.
And then the third type of vault that'll be available on Fluxure.
And this is the one that they're,
they're working on the most right now is an RWA vault.
So in this RWA vault,
the entity behind Fluxure will subscribe to like well-known RWA.
And then you as an individual can subscribe,
can get exposure to that RWA investment by contributing stables into the
vault.
And then this way you don't have to like worry about minimum investments.
You don't have to worry about like,
like doxing yourself if you don't want to, like,
there's a lot of benefits of doing RWA vaults in this way. And I think probably the most important
way is that then you can take that RWA, you know, record of investment. Like some people might call
it a vault share, or some people might call it a receipt token, sort of your A token from the vault,
and then you can use that in DeFi or to trade or to whatever.
So a lot of things get unlocked by Fluxstra.
So we're excited to see them get their code on the chain,
which I would expect to happen you know probably pretty much in line with uh
when when we deprecate erc20 and do the mantra upgrade
so i think we're gonna have lost pool wise
this is so to finish the story on pool wise they won our hackathon and um they had this great idea
about uh fantasy sports and and you could the problem with fantasy sports i'm going to do his
pitch like much worse than the way he does it. But you're basically
taking a bunch of your
money from
your friends to do this sort of
social-fi type
sports watching, right?
Like, people in America may
know fantasy football.
People in Europe will probably have their
own sort of friends that they do fantasy soccer
slash fantasy football with.
And there's actually like a really big raise over at, I think it was Legion this week.
Football.fun was invested in, you know, I think by Coinbase and lots of stuff like this.
And so Poolwise has a sort of different spin on football.fun.
It's not the actual game.
It's not a game-fi type game like football.fun,
but it's rather like a way of managing your friend's money.
your, like, friend's money.
So that's why it's pool-wide.
So that's why it's PoolWise.
And then I guess in the long run,
those funds while you're playing the game
can be invested into vaults or MintUSD or whatever,
and you'll get extra yield from that.
So anyway, that's, like, as far as I know,
the best description of PoolWise.
So go follow them as they, you know, figure out how to use Twitter.
And maybe soon they'll stop tweeting GM trillions and come up with something else to say.
Oh, yeah, they also have a website, it looks like.
That just came out.
It's called Pool poolwise.net.
So if you're not satisfied by my very basic rudimentary description there,
it's like go check them out at poolwise.net.
Yeah, so I think that's the rundown on the ecosystem right now.
Next time we do this, I'll be very adamant about everyone testing their devices and whatnot and getting on.
But, yeah, any questions in the crowd?
Happy to answer anything except about, like like certain FUD that's going around.
Or we can just talk about them without referencing them.
That also works.
Do you want to tell us about mantra USD prof oh eventually you see is the greatest stable coin ever invented obviously yeah the ventures D is just
went live so you could go read about it there. We're very excited to collaborate with M0 on this stablecoin.
It's backed by short-term U.S. treasuries.
It's actually, funnily enough, if you remember the recent Tether FUD from Arthur Hayes,
Arthur Hayes, like he basically did his research and found out that Tether is only 93% backed by liquid treasuries,
and the other 7% they take and invest in Bitcoin and gold and sports teams and whatever.
So you could make an argument that Mentid is is safer and more liquid than tether
um so if you're uncomfortable with your in your tether bags you could uh consider switching over
to mentri usd um of course that's not the only reason why we built mentri usd it's basically
designed to be the passport into the mantra ecosystem uh So every protocol, like some of the ones we've talked about here today,
they are all going to be using and embedding MentriaUSD
into their protocol and how to use it.
So for example, pool-wise,
if you want to hold your money in the pool,
you will have the option to be using MentureUSD.
And if you hold the MentureUSD in that pool, as opposed to USDC,
then your fantasy team will be able to earn a little bit of extra rewards,
which they'll get at the end of the season or something like this. So basically, if you put in $100 per person in a 12-team league,
you'll have $1,200 plus a little bit of interest,
and everyone likes a little bit of free money.
So I think probably like $1,250 or something by the end of time your gaming is done.
So that's the basic idea there.
Or like with Alirev, which we talked to earlier, you'll be able to subscribe to their NFTs on Element.Market using MentureUSD.
And then every Monday, like you said, Monday payday, you get paid out in rewards in MentureUSD.
And then in Fluxstra, Mentra USD will be the main way
to subscribe to RWA vaults.
So if you're interested in doing stuff in Mentra,
then probably your best bet
is to get some Mentra USD.
And our big sort of flagship dApp
is working on liquidity and perps
and borrowing and lending and
all this stuff.
So that is at mantra.finance.
And this is actually licensed by the VAR entity in the UAE.
So, you know, you know,
everything's on the up and up over there.
You'll have to KYC to use those tools on Mentor.finance.
But then you just acquire some Mentor USD.
And again, you can subscribe to Vaults.
You can do trading.
And eventually, you'll be able to do perps.
That's kind of like the roadmap for the next three months in the Mentor ecosystem.
Yeah, so I think that's about it.
DeFi Sushi, do you want to get up and talk about Loki?
I tried to get Loki to come up.
He wouldn't come up. Who wouldn't come up?
Send a speaker request.
All right.
Oh, now, Pool Eyes is back.
You want to try again?
Yeah, does this work?
Yeah. All right, here we go.
I'm back, baby.
So give us your elevator pitch.
I tried to do it while you're gone,
but you're better at it, I think.
Yeah.
Well, I'll do my best here.
So I know that you can sympathize here
as a fellow fantasy sports enthusiast,
but this project was born out of a passion
for de-gen nature of fantasy sports gambling
or participation if you want to be more sophisticated.
And so fantasy sports is a very popular
and growing industry in the world.
And as a avid partaker,
I often find myself managing leagues and social groups
connected to different, you know,
real life professional sports and tournament pools. And one of the most annoying pain points of trying to
organize the finances around these types of leagues is that there is no platform that helps
you really collect and distribute payments. And so finally, I got fed up with it and decided that,
you know, actually, this could be really easily solved with blockchain and smart
contracts where I can just build a system and a platform that helps me manage all the fantasy
league buy-ins, prize pool, payouts in a way that's on-chain, transparent, and allows the
collection and distribution of dues to happen seamlessly. And so what we're building is a way
for different social leagues to host and hold all
their finances on chain during the duration of a fantasy league or a tournament such as the World
Cup or March Madness if you're in the US. And once the season or tournament concludes,
that money is locked on chain and then gets distributed back out to the winners based on
preset rules.
And so it kind of removes this friction of having to wait for some commissioner or some dude to get all the right buy-in amounts organized and sent out on Venmo or PayPal or Cash App or Stripe or bank transfers.
It's all kind of disorganized and very inefficient right now.
So we're just trying to aggregate it in a way that can make it totally,
you know, centralized
in actually a good way
and just helps commissioners
manage the leagues
and people get paid on time.
Nice.
Yeah.
So that's the elevator pitch there.
As you would like to say,
we're trying to build a,
you know, the DeFi mullet.
Oh, the DeFi mullet. I love it. Can you explain what that means?
Yeah. So I think that one of the issues blockchain and crypto faces with wide adoption is that,
you know, there's still a lot of negative sentiment that exists in the retail normies,
you know, perception of blockchain and
crypto, for better or worse. And so we've noticed that trying to position a product like this as
just a blockchain or crypto product might drive a lot of our potential user base away. And actually
in fantasy sports, there's a lot of crossover between, I would say, you know, blockchain,
you know, DGNs and crypto normies
are natives and then the normal retail people. But if we're really trying to get mass adoption and,
you know, make this feel like an app that can serve everyone, then you kind of have to make it
a bit more user friendly on the front end and maybe abstract away some of the kind of blockchain
terms and design that we're kind of accustomed to
over here in the trenches, but a regular person might not be. So on the front end,
we're just trying to build a platform that feels like a simple league management tool.
And on the back end, that's kind of where the fun magic happens. And,
you know, once the funds get on chain, there's a lot of cool stuff you could potentially do with
that. If leagues agree to it, you know, you can just hold the funds and convert everything,
you know, the buy-ins to, in this case, Mantra USD, you know, if we go on Mantra chain,
and just kind of earn yield on that. And then later on, there might be an option, you know,
for these collective pools, which sometimes have a lot of money to potentially earn sort of this,
you know, compounded collected interest. And there might be fun ways that you can distribute that back out to all the participants
or, you know, use that to place further parlays and bets if the league wants to go a little bit
more down the risk curve, or maybe buy some Bitcoin. You know, you never know what you can
do once everyone's money's on chain. So we really think that having the DeFi infrastructure in the
back end kind of gives us a lot of fun to potentially take this project to really cool places.
Where everyone could YOLO into some sort of prediction market or something, right?
Yeah, you know, I think you've probably seen this and I don't know, maybe our guy JP has as well,
where you oftentimes have 12 people in a league and they might want to, you know, on a weekly basis, throw down some extra cash on a, you know, 12 team parlay or something, something like that.
And, you know, maybe this, this platform can help you kind of aggregate all the funds quickly and then make a league bet and you might get lucky and win some extra cash on the side.
There's a lot of cool things you could, you could build into this just once just got to get the money on chain.
And then the possibilities are pretty endless.
What about side bets?
Yeah,
that's,
that's an option too.
So let's say you're,
you're,
you and your friend are like both out of the,
out of the running.
But then you guys face each other
in a late season game
and you want to have something on the line,
is something like this able to be built
where you can inter-side bet with Chris
and then you can stake some tokens or something
and then have some fun that way.
Yeah.
You know,
there's always the option to do this within your league.
You know,
you could see what maybe your,
if it's a,
if it's a weekly based type of league,
you could see what the marquee matchup is or who's going to be,
you know,
the final week of the season who might be in the championship.
You could bet on the two teams that get to the end.
you know,
you could just see a real life,
you know, parlay that you'd want to bet with your friend because you're bored.
And you can just add some money to the prize pool and just open up a new side bet,
you know, like a side vehicle in your league. And other members of your league could also
pile in if they like it. And then, you know, you could transfer in some more funds into the league
pool. And, you know, if it's a weekly thing or it's an end of season type of outcome, you know,
you could organize the funds, then get distributed back to the winners accordingly.
Cool. There's a lot you can do with this. And if you get the first part right, if you get the web 2 interface then uh we you can add the the all of this
interconnectivity stuff using tools like quick swap and fluxra and and tokens like mentor usd
but first you need an ecosystem where these things all exist on the same chain and so we're happy to
have you building on mentra where those things are soon to be all at your fingertips.
So it won't be such a drag to try and get these things done.
You just have to, you know, use some sort of stuff that's like basically off the shelf and already like composable.
Like in other words, like the ingredients are there and you just put them together in a nice soup.
That's kind of our idea at Mantra Chain.
So we're definitely not there yet,
but we're certainly a lot further along on this path than we were last year.
And it's good to bring really good, useful, battle-tested tools
like QuickSwap onto the chain.
Definitely.
And we all can make a job. not finished jnf oh jp is back hello sir i'm back i you guys started talking about uh side bets and i just wanted to tell the
story how i got smoked on the side bets in my fantasy league this year um but i wish i'd had
i wish i'd had it in Montreus D.
Next year, I'll make sure that they're using PoolWise
and we're putting it all in Montreus D
and maybe I would have minimized my losses.
You should have had a side bet on the Ohio State-Michigan game.
I mean, yeah, or the Michigan coach getting arrested.
Yeah.
It would have been a nice payout. Yeah, if you had coach getting arrested. Yeah. It would have been nice to pay off.
Yeah, we had a bet on that yesterday.
Woke up and then all of a sudden this entire team is completely blown up.
That's why we need a modern native prediction market.
Yeah, you could spin up these things.
Like who wants to bet now on
Michigan's record next
season, given that everyone
who committed to
this coach who's now in disgrace,
what will their season
be like? We can have a prediction market for that.
Yeah.
Could be exciting.
I'm taking the over.
I'm taking the under, man.
Who wants to play for that team now?
Depending on their coach and who they get from their coach.
Well, I think they're angling for Gruden, so let's see.
Anyway, we can talk too much about football.
I'm not sure everyone wants to hear about that.
We should talk about Montre defy yes um so uh yeah i think sorry for hopping in a little bit
later i'm i'm on the road from uh abu dhabi back to dubai now just finished abu dhabi finance week
uh yeah lots of exciting things going on we just covered uh you know basically the basis of uh mentor chain rwa
defy so that'll be you know quick swap fluxstra um mentor usd and mentor finance these will be
the places where probably you do the most clicking um and you know it's just been
clicking. And, you know, it's just been months and months and months of getting these first
sort of DeFi primitives in place. And now it's cool to bring some of the people who've been
building, like when it's been hard to build on the interchain, and here they are ready,
or at least getting started like pool-wise.
All of that is about to explode onto the chain in January.
And super exciting to have those guys come along.
So that's been an hour of the spaces with QuickSwap.
Thank you, Panda.
I think we can wrap stuff up now yep i'm still alive don't worry i'm trying i'm worried about you man you said you're sick
and then you know your pfp is a beautiful girl but you're actually not a beautiful girl but
you know that's how anime work. Yeah.
I mean, maybe on the weekends.
Yeah.
So maybe
I'm just wondering if you're that sick, right?
Like, if you're that sick, and
you actually are anime girl,
but you sound like this, then you're pretty sick.
Yeah.
I mean, a lot of those anime girls are pretty catfishy anyway.
Yeah, 100%.
That's absolutely true.
And JP.
Yeah, JP's a beautiful pink diamond, but he's actually a man.
I'm just a...
I can confirm that.
Okay.
Cool.
Are we calling it here?
Anyone want to say anything before we go?
Let's call it a day.
One hour.
And the next time,
I'll come back on quick swap.
We're going to be at at least,
I'm going to call it 8 million TVL on quick swap.
That's when I come back.
You want to come back tomorrow?
I'll come back tomorrow and use my voice transformer.
Okay, cool.
But no real me until we get some real TVL on the chain.
We'll be working on that all the way through until the Mantra upgrade,
which right now it's looking like Mantra upgrade is January 19th or so.
So that is what everyone... That's the intention. Yeah everyone that's the intention
we're still coordinating with
the majority of exchanges
not one in particular
but anyway
yeah intending for
as soon as humanly possible after the
Jan 15th
ERC20 deprecation
yep that's the big unlock humanly possible after the Jan 15th ERC-20 deprecation.
Yep, that's the big unlock. That's the second Domino.
First Domino Mantra USD, second Domino Mantra upgrade.
Then it's full blast, pedal to the metal,
lots of liquidity and dApps deploying on Mantra change. So keep your eyes peeled on here and keep going to Quickswap.exchange.
We'll be making sure that every time there's a new pool, we'll let you guys know.
And we'll be getting some incentives on there after that Mention upgrade for sure.
100%.
Appreciate all you guys. Thanks, Qu panda thanks sherpas and omies and loki's
okay bye-bye
bye-bye Thank you.
