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Meet the Injective EVM dApps ft. Bondi, Pumex, & Accumulated Finance
Recorded: Aug. 22, 2025 Duration: 1:05:42Space Recording
Full Transcription
Thank you. All right, I see everybody trickling in here.
For everyone that's joining us for the first time, welcome.
My name is Rocky from the Injective Labs team, and we're going to have an awesome space today.
So give me a couple minutes to get all the speakers up here on stage, and then we'll get some round of intros going, and then we'll jump right into it.
So again, thanks everybody for joining, and we'll get started here in a couple minutes. Thank you. Okay, awesome.
Well, I think we have our panelists here. Super excited to be hosting them today. These are some of our EVM DAPs that are joining us today. They are part of, you know, really the day one team, right? These were guys were the ones early to test that, you know, they're still supporting on sort of the public testnet phase.
And they'll also be joining us once we sort of turn on the switch for mainnet.
So super excited for them to be here.
We have, you know, the accumulated finance team.
We have Pumex.
And then we also have the Bondi finance team as well.
So I do want to pass it over to them, but I guess a first
kind of quick housekeeping for everybody. We are, you know, this is kind of a conversation that
really is all encompassing. It's going to be, you know, about 45 minutes opening it up to the
projects here, plus or minus, you know, this could really go either way, but expect about 45 minutes
for the projects to have a little discussion on some of their key facets and key features that
they want you to know about. And then we do want to invite the audience to join in on the question
and answer phase where you guys can answer or you guys can ask any questions you have of the panelists up here.
And so without further ado, I do want to give a chance for our teams to have introductions.
So I will pass it over to the Bondi Finance team first for introductions.
Hello, guys. Hello hello everyone.
So first, thanks a lot to Injective and Rocky for inviting us here.
And you are very eloquent Rocky.
I love hearing you like all the time, like you have such a nice tone.
Just wanted to say this again.
Well, now with regards to Bondi, let me do the intro quickly. So I'm the co-founder
of Bondi Finance and what we do is we tokenize corporate bonds. Corporate bonds have been
an extremely inaccessible instrument. They have required $200,000 minimums to participate,
and Bondi now fractionalizes them and makes them accessible to everyone.
So we are a yield protocol, but the yield is derived from what we call RWAs.
And we are focused on corporate bonds only,
so not sovereign bonds like US treasuries, but corporate bonds.
That would be my intro, bond in a nutshell.
Great. Awesome. Yeah, I appreciate that, you know, for everyone that was listening.
Yeah, you know, we definitely want to kind of get more deep into that.
But I do want to give the other panelists some time.
So next we'll hand
it over to accumulated finance to do a quick intro hi hi uh hi everyone so i am anton co-founder of
accumulate fans thanks for inviting us here today so accumulate finance
is omni chain protocol that right now consists of the liquid staking
lending and leverage staking without liquidations due to price volatility
so basically we have deployed on the injective testnet since day one and we have a public deployment for community.
So probably some of you guys already tried our leverage staking and how it works.
And so right now we are developing some very cool features for you.
And soon they will be released all together with mainnet deployment.
So I think that's all.
Yeah, thank you.
Thank you, Anton.
Yeah, awesome.
Thanks for joining us today.
And then certainly last but not least, Pumex, go ahead and do your quick intro.
Yeah, thank you very much.
Thank you for having me.
Thank you for hosting this space.
It's great to be here together with some other partners. So I'm very, very excited about this space and to talk some more about Pumex. Linux on Linea and OcelX on Zircuit and Katex on Unichain.
And basically what we focus on is democratizing advanced liquidity strategies.
We make those strategies very easily available for average crypto users.
But I would love to go deeper into it.
Yeah, in a bit, but that is in short what we do basically.
Awesome. Yeah.
Thanks, Zerolo from the Pumex team.
All right, guys.
It's Maximizer, by the way.
Oh, I'm sorry.
Zerolo is here listening.
Yeah, no, that's all good.
You're right.
I was talking to Zerolo yesterday.
Yeah, yeah, yeah. All good. So thanks right. I was talking to Zerolo yesterday. Yeah, yeah, yeah. All good.
So thanks for joining us, Maxime. Awesome, guys.
Well, let's jump into some more topics here to kind of get a little bit deeper into your protocols.
So I do want to ask, you know, based on, you know, we see a lot of applications kind of come over, right?
And are either deployed or are deploying on our
test net on the EVM side. And, you know, we really want to understand, you know, from you guys,
what really sets you apart, right? Like, what is that maybe like one or two things that really
sets you apart from anybody else, right? What's the competitive edge? What's the superpower,
so to speak, that you guys have um and and you know for all
the rest of these questions just feel free to jump in you know there's not necessarily an order
so feel free to just jump in to answer this question in in any order you guys want so um
yeah like like what is that like one or two things that you guys think you do better than
everybody else and that people can get excited about that hey this
is a project that is doing something unique that i can't find anywhere else and so let's start there
who wants to start well i can start um so first of all uh with bondi we believe we are definitely
uniquely positioned um so first of all of all, bond tokens are permissionless
bond tokens that are composable. So we created our bond tokens in a sense that if the regulators
don't require us KYC, if the regulator doesn't ask for anything, then they are permissionless.
What does this mean? For example, all real world interaction with the bonds ask for anything, then they are permissionless. What does this mean?
For example, all real world interaction with the bonds, for example, getting an interest
payment or burning the bond at maturity.
So a bond is a debt instrument that pays you interest for a definite predetermined amount
of time.
And at the end of that time, the bond is converted to its pace value, which is generally $100,
no matter at what price you buy the bond.
So from this quick explanation, getting the interest, for example, or at maturity, getting
your pace value, these are things that we require a traditional broker.
And for these actions, yes, indeed, we need KYC and it's
KYC gated.
But what sets us apart from all other protocols that are doing tokenized stocks, tokenized
fixed income, is that outside of these, we have a permissionless bond token, which is
composable.
So our bond tokens can be very quickly imagined just as any other collateral on Aave, or it
can be provided into pools, into a secondary market very easily, and everyone is considered
whitelisted.
So that's why we could...
And so there's also one more thing which gave us a lot of headache trying to make
bond tokens permissionless and composable is that fungibility because as i said bond tokens will get
interest payments in in certain periods so if you say oh this phone token has this interest this
phone token doesn't have this interest you break the fungibility of the bond tokens so you cannot have
a composable bond token so what we did is that when the interest is paid by a broker to us
what we do is basically we entitle the holders at that block to their interest payments so by
entitling only the holders we can keep all bond tokens the same, keep all of them fungible.
So Bondi provides a way to tokenize fixed income that is superior to all others.
It is automatic interest payments with its calling the bonds features and with its permissions trading and full composability outside everything that we are definitely
required for KYC. It's also now all these new apps generally have smart accounts, but we believe
that our UI UX is very good and thanks a lot to Injective community. They have always like cheered
us. We had a testnet with a with a little 50 participation reward on injective
as well uh like hundreds of injector medias try to taste testnet chaos great comments again
appreciate it so as you guys might know uh we have a smart account you can just log in with your email
or face id um test key whatever apple id and then you don't pay any
gas we sponsor all the gases like it's basically using like even it's very mobile friendly you can
just use it from your phone you don't even need a wallet yes of course you need stable points we
don't have fiat on ramping yet because of very high commissions but hopefully we are going there too
and it's also the niche we are focused on so bondi is the only company that
offers tokenized individual corporate bonds you will find some corporate bond etfs tokenized but
we are the only first company to do the individual corporate bonds so it's a niche we are focused on
is also um what's that sells apart perfect hey thanks alexo yeah anybody else can jump in on that one
yeah i can continue if you don't mind banks so uh go ahead sir, thank you. So accumulate finance will turn two in a couple of months.
And so I can probably say that we are not just regular liquid staking, but like supercharged liquid staking with a lot of features that allows users to earn the yield and the staking rewards in different ways, with different risk profiles.
And so, what do I mean by this?
So, on top of regular liquid staking, so at first we make this permissionless and decentralized for users. So
instead of, for example, staking your tokens for a single validator, for example, delegating your
tokens, when you put money into the liquid staking, we delegate tokens to a wide set of validators
we delegate tokens to a wide set of validators on injective and basically it creates it supports
the centralization of the network and it reduces the risks related to the staking and the validator
performance like slashing and so on so on top of this we supercharge our regular liquid staking with leverage.
So how does it work?
We have the landing market where you can deposit our LST at its full value all the time, so without considering DPACs and so on.
So that's the unique feature.
And that's why our users can go with up to 50 times leverage.
So for example, if you have 1000-inch tokens in the liquid staking, you can go with up
to 50,000 tokens staked with leverage.
And in this way, so the net APR will be supercharged by the leverage.
So it will be like 50 times the regular APR minus borrowing costs on the United market,
which in normal conditions will be floating,
and it will depend on the market utilization. But yeah, it allows users to go with different RISC-KIPA files.
For example, you can go with 2x leverage or 5x leverage or 10x leverage for your staking.
And earn more rewards than Our liquid staking has a feature of instant withdrawals.
So there is a pool of tokens, which is not staked, usually it's 1 million tokens of INCH in the liquid staking,
we will keep the pool about 50,000 tokens unstaked,
and this pool will be automatically used to facilitate the withdrawals for users.
So, basically, if you want to unstake and your unstaking amount is covered by the pool size, then your unstaking from
the liquid staking will be instant and you don't have to wait any time to get your original But, so, for example, if the pool is depleted by a lot of users going to redemptions, then, so, you have the NFT withdrawal system.
Basically, you request withdrawal, receive NFT, and once the tokens are unstaked from the protocol you can claim back the original tokens
by burning your NFT token so basically it's pretty easy to use and works in the same way as major
liquid staking providers like LIDAR finance and so on yeah so basically
Yeah, so basically...
Anton, do you charge for instant withdrawals?
I'll just please, just say very quick.
No, we don't charge for instant withdrawals.
So usually we have a small withdrawal fee, which is in line with DEX swap fees.
And basically there are no extra fees for instant withdrawals
yeah so any other questions yeah
all good boom x uh you're up all right thank you for that okay Pumex is a decentralized exchange. First of all it's a VE33 Metadex which makes it unique in a few ways. So first of all what is unique is that
with Pumex if you decide to lock the token you receive a VE voting escrow Pumex token and this token gives you voting power and we have
weekly epochs in which everybody with voting power can vote and what are people voting on
they're voting directing the emissions of the DEX so they vote on specific pools and in return for voting on those pools they receive the trading
fees from those pools so what is very unique here is that 100 of the trading fees go to the locked
token holders and we ourselves also have a portion of the tokens locked so this means there's very
very strong incentive alignment between the project founders
all our partners and every individual locked token holder and this also creates a loop where people
tend to lock up the token to get access to the trading fees so around 80 percent of of the token
holders decide to lock the token to get access to these trading fees that is something
very interesting secondly something that we have specifically focused on for the following reason
is when concentrated liquidity started and uni v2 moved towards uni v3 a lot of average liquidity providers started losing money and suddenly
had to actively manage their LP position and what we noticed is that often these people
did not have the time and the resources to actively manage it and become profitable so
a lot of these users as I said started losing money, positions are getting out of range, are experiencing a lot of impermanent loss.
So what did we decide to do?
There are a lot of players on the market called ALMs, automated liquidity managers, that take up this liquidity management for the user.
And when we started talking to those ALMsMs we noticed that many of them have different
strategies but many of those strategies were not easily available for the average day liquidity
provider so what we decided to do with with Pumex and some of our other DEXs is to become an
aggregator of these ALMs so if you go to Pumex for example and you want to provide
liquidity in INJ USDC let's say then there will be multiple liquidity strategies that you can choose from managed by different ALMs and you'll you'll you'll exactly see the differences between
each of those strategies so what's the impermanent loss, what's the APR, et cetera.
And then we basically give all the tools to the user
to choose the best strategy for them,
for their risk appetite.
And from that moment on, they can deploy liquidity
into that strategy directly,
and they will not have to actively manage it themselves.
So this is something we have focused a lot on
and we will do with Pumex as well. Now with JuniV4, we're have focused a lot on and we will do with Pumex as well
now with JuniV4 we're also focused a lot on on hooks and seeing how hooks can can further
develop these these advanced liquidity strategies and how we can focus on making it as easy as
possible for the end user to get exposure to these advanced strategies so that's that's
some of the magic we are building at Boomix.
Love to hear it, you guys.
Hey, thanks for sharing that.
Moving on a little bit, you know, obviously,
your apps on Injective right now are currently kind of in this testnet phase.
You know, maybe they're still in maybe an early sort of development
phase, MVP, you know, whatever you want to call it. But, you know, obviously, I think for a lot
of users, they're wondering, you know, what is really your end state of your app look like? Like,
what can they expect when your application has reached final form? You know, what are maybe the
certain things they can do? what's it going to look like
um and and how is it really going to help the user um you know on their defy journey um so yeah if
maybe we could answer that uh that way we can kind of implant in the user's mind of like hey here's
here's what we are today but here's kind of the road map and here's where we're going
so um yeah anybody can start maybe i'll maybe i'll take this one and just continue on on what i just
just said um because basically our end goal is to further um abstract all the difficulties from the user and make it as easy as possible for the end user to
manage their liquidity on different pools and secondly through the voting on different pools
uh create this passive income stream uh that just feels uh flawless and effortless so so
the end state is is this this platform where you go to every now and then you can claim
your your passive income your your your fees from from the voting and even the voting is something
you will not have to do yourself currently already you can delegate your votes to to a voting
delegatee so yeah i guess the the end goal is really this this easy defy project that
gives access to very advanced liquidity strategies while um on the front end being a very easy
simplistic place to to deploy capital and at the same time give you passive income
yeah that's that's basically the end goal
let me answer the question next so um first of all in regards to pumex uh maximizer um
i think it's a great idea to have this marketplace of alms like i have been i have been
marketplace of ALMs.
Like I have been really interested in AMMs for five years,
like reading my papers and all that.
And it's really a complicated thing to do an LP.
So for normies, we really need like such marketplaces
so that they know that their money is working
and not out of range, not doing anything
to just open the opposite of what they hoped
for but um yeah thank you appreciate it it's a really good one yeah i'll definitely check it out
uh more in detail but um coming back to bondi and and our vision um let me share where we are right now first um so we already had um one bond tokenized on mainnet
we have actually collected uh 205 000 purchased the bond and june this year actually the bond
matured and we paid the last interest payment along with, as I said, burning of the bond token
and maturing of the bond token.
So we paid the principal back along with the interest.
That one was a 10% bond and it was just like an MVP type of thing.
Now we have great upgrades on our protocol, what we call Bondi V2.
I made a blog post, a detailed tweet as well.
You can check it out.
But now with this V2, we are able to offer our bond tokens.
So bond tokens, we do a crowdfunding first.
We raise funds.
We say, oh, we are going to tokenize this bond.
And then we raise funds in order to reach that 200k minimum I mentioned.
And then once we reach a certain target, then we purchase the bond.
And with Bondi V2, for example, we are able to do this crowdfunding
in a multi-chain manner, but without the actual bridging.
So we do basically zero bridging, zero assets at financial risk,
but we do the crowdfunding on a multi-source manner
with a global funding target to reach.
So with this Bondi V2, we are now on Injective Testnet.
We launched with an announcement and in two, three days it was built.
It was great.
But we are now ready with Bondi V2 to go on mainland and this is where we had
where we are at currently but um actually the the point the vision with bondi is twofold
there is institutional side of bondi and there is the yields app side of bondage the yields app side
of bondi is basically an on-chain yields app experience where all technicalities and difficulties of blockchain is abstracted away.
And you can just like log in with your email, check it on your phone, just see your yield, just see the risk theory, maybe adjust the risk theory.
But you have like three main options.
You have the yield, you have the expected loss, the risk parameters, you have like three main options you have the yield you have the expected loss the risk parameters and then you'll pick it so the vision is a retail facing
on-chain yields now how we are going there is what we are building right now what we are building
right now is the primitive layer for this yield and the primitive layer consists of for now the niche we are focused on is tokenized
corporate bonds so what is this so if you have enough individual tokenized corporate bonds
then you have the ability to use this as a d5 primitive not only do uh collateralization and LP with both bond tokens, but also have more coming on-chain capital
managers creating ETF-like products with your bond tokens, for example.
If you have enough of these individual bond tokens, then people can come and just create
a token of themselves and kind of direct the capital to these bond tokens.
They're currently involved with different RWA protocols, even like some layer one very
serious players in the industry.
And what we are discussing with them is also diversifying their vaults into bond tokens
as a DeFi primitive.
So there is this institutional vision for Bondi, which is creating the primitive, which
is creating these DeFi, ThreatFi primitives for the merging of ThreatFi and DeFi crypto
that we are experiencing, observing.
The whole world is actually thrilled about it.
So we want to have this base layer primitive layer and on top of it utilizing
it providing value back to it uh we want to create this on chain uh slick abstracted away yields uh
retail facing deals app which is extremely easy to use of um and uh just a great experience to use
this is our this is the vision of Pondi outside.
Okay, and sorry about our vision and the endgame.
Accumulate Finance is building a wide ecosystem of liquid staking and leverage staking and right now we have seven protocols
integrated and all the protocols will be added very soon and so what we want to build in the
end game it's like a place where all of our LSTs or Liquid Risk Taking tokens will be put all together.
And basically we are going to create some kind of on-chain ETF consisting of LST tokens.
So basically we will allow users and institutions to invest in multiple liquid-staking tokens
as a single basket, as a single index fund on chain.
And hopefully, if we can grow this enough, we can attract some institutions that will support us with leveraging this out to the new gates.
So basically that's the end game. About our upcoming integration with Injective,
I also forgot to mention that our leverage staking solution is protected from liquidations due to price volatility.
It's because we have our own lending and liquid staking protocols working together, very high loan to value parameters which is safe to use because it's our own LST
and on top of this basically users when they make leverage they borrow the same token as the collateral LST and that's why for example if interactive token price goes down your loan
health your leverage position will be safe from liquidation because the health will not change
due to this so the only thing that users should track in accumulate finance when they go with high leverage is that the borrowing
rate should be lower than the liquid staking rate and as soon as it happens the health
is constantly increasing for users and basically they earn free alpha on the staking tokens.
So what else to say?
Also Accumulate Finance will go live with our own token, ACFI.
Right now we are in the face of public pre-sale.
It's available on our website and we will be making multiple snapshots in the future.
And so these snapshots will be used to allocate the airdrop for users.
So I think that's all I wanted to share today.
So thank you for your attention on this matter.
Awesome. Hey, thanks, Anton.
Yeah.
So moving on to sort of another area that I think people are really sort of wondering
about is, and I know some of you have already alluded to this, you know, so you can maybe
highlight another area, but, you know, there's probably, you know, some certain things that you want this community members to kind of do or participate in or a certain feature that you really want them to check out.
What would you sort of prioritize, you know, if you had maybe one thing to check out on your application to really highlight and say, hey, you know, try out this workflow or try out this feature and you really see the power of it you know um and
like like what would that maybe one thing be that you'd recommend for
community members to try as like a top priority on your application
i can go first here um so for me it's uh it's probably two things that are pretty unique and worth a try.
One is providing liquidity and choosing one of the liquidity strategies available.
Honestly, for this, Pumex on Testnet probably doesn't have so many strategies yet, but one of our other deployments does.
So you can definitely have a look on how that works and how that will look on PoolMax as well.
Secondly, what is very unique and very cool to see,
especially the first few times,
is just the whole voting process and claiming the rewards.
So it's pretty impressive how you can vote on a pool
and then claim the rewards.
And those rewards are just, yeah, pretty impressive. you can vote on a pool and then claim the rewards.
And those rewards are just, yeah, pretty impressive. So that whole process is very cool to see.
Again, on Testnet, it might not be completely functioning
as it's supposed to, but it will once we go on Mainnet.
And if you wanna see it live right now,
you can check some of our other deployments. yeah definitely those two i would like to point out
i'll pass the mic to alexo um yeah sir um so
with regards to what what to check about bondi, unfortunately, or maybe big thanks to Injective
community too, our testnet deployment is actually filled now.
So we actually had a testnet deployment just for you guys to experience the app to its
full extent.
And the idea was that you were claiming a $ thousand dollar mock usdc and you were like
going checking checking the details of the of the bond token offering what is this company really
about how much revenue are they making their financial metrics their credit ratings if you
wish and then basically with that uh ten thousand mock usdc You would invest into the bond token.
You would see all the details.
What is the equity interest?
What is the commission you are paying?
All the details.
And then you would get your,
what we call loyalty NFT at the end as a result of your mock investment.
And then you would share it on your Twitter
for a chance to win the $50 award.
But you can still go to our app and see the bonus details.
Currently, you cannot invest that.
It's already filled in a couple of days.
But when we go on Mainnet, of course, I will definitely, I would like everyone to kind of check the bond token offering.
And definitely then.
So the smallest amount is $100, by the way.
So we take the smallest required amount from $200,000 to $100
2000x efficiency increase compared to traditional markets.
So I would definitely recommend everyone to have that investing experience because on our website we have great animations and we mint you your bond
tokens directly. There is a band we are minting stuff. Also when you go to our homepage you
will see a very quick tutorial with like five very cute cartoonish type of videos. So definitely
want everyone to check that out but the one thing
would be the full investment flow where you're like choosing the bond token and putting the money in
and getting your participation tokens and all that and then for all participants
bondi currently does not have any protocol token and for all participants you will get a loyalty NFT
and for Vale participants over $5,000 you will also get the Vale NFT
and this will be our way of supporting the early community.
So I would allow everyone to experience that investment flow where you end up with an NFT, with a loyalty NFT.
We love the art as well. It's just very cute, very cute NFTs.
I would love everyone to check those out.
Okay, and so regarding Cumulate Finance, we have the public test net where you can try
the liquid staking and you can try the landing market so basically you can uh supply the inch
tokens into the landing and earn the landing rate as rewards or you can try our leverage function by
Or you can try our leverage function by depositing the LST collateral and borrowing some INCH tokens from the vending market and then making multiple loops.
So right now looping requires manual transactions, but in our manual deployment we have developed the one click leverage so basically
what you should do in on the mainnet is to supply LST collateral and choose the leverage
from 2 to 50 times and basically it will automate create multiple loops for your staking position, and you'll be earning higher APR than a regular staking APR.
So, yeah, that's what I wanted to share.
Awesome, guys.
Well, community, I hope that gives you some ideas on sort of what to check out, you know, which features to really dive in on.
And, you know, I just have sort of one last question for the panelists here.
But before I sort of, you know, ask that, I do, you know, right after this last question and everyone shares, we're going to open it up for a Q&A section.
So if there's anyone from the community that would like to ask a question, go ahead and raise your hand. And then we'll get you on stage right after this last question.
So just wanted to kind of drop that. And yeah, the last question I wanted to ask is, you know,
you guys have been building on Injective now for, you know, several months, if not even longer than
that. I'm just very curious, you know, what has your experience
been? What are maybe some of the key features that has made it, you know, really easy to deploy
or just really easy to work with Injective? Yeah, maybe one or two things on that front from either
the development standpoint or really any other standpoint, right? it can be about our community it can be about um you know
some some of the assets we have uh you know feel free to kind of touch on anything but yeah what
what has your experience been on injective in in maybe um highlight a couple couple features that
has made it really easy yeah i can start if as the't mind. So first of all, the Injective is...
It has extremely fast EWM and so blocks are finalized pretty quickly, which creates great
user experience. From the development standpoint, so we have worked with interactive team on the staking precompile testing.
So basically, what is staking precompile?
Staking precompile is a special smart contract that allows users and other smart contracts like liquid staking protocols as ours to directly interact with the staking part of the interactive protocol.
So basically how it works, so users deposit INCH tokens and receive LTT, but under the hood we need to generate the yield from these INCH tokens and receive LFT, but under the hood, we need to generate the yield from
these INCH tokens.
And so we do this fully permissionlessly, thankfully to the injective stack and precompile
feature.
So basically our smart contracts permissionlessly call the precompile contract and tokens are delegated to multiple validators in this way.
And in the same way, tokens can be un-delegated
in case, for example, when users decide to unstake
and return the original tokens back.
So it's a very cool feature
and it significantly simplifies the liquid staking development for us.
And also it increases the security of funds for users because the tokens that users supply into the liquid staking,
they cannot be withdrawn to any other addresses, so they can only be delegated to validators
and undelegated back to the contract where users can claim them back.
So it's a pretty cool secure setup for everyone.
Yeah, thank you.
Well, let me answer next then.
We are extremely bullish on Injective.
Rocky, like you, the whole thing you're a delight to work with.
The community, it's a really active community.
People are curious about what's happening.
Now there's a lot of excitement about Injective, too.
It has a strong base in Asia, a strong base in America,
best of both worlds, kind of because we focus
on emerging market corporate bonds.
It's also like a sweet spot for us.
Now, like, the ETF is coming.
I feel there is a lot of RWA focus
or like integrating with Thread5 focus on Injecta,
which plays into our hands.
We do see a lot of symbiosis with Injecta
and definitely want to continue working with them and then other than
that so maybe like um of course the log sp is because of that like nature like uxui i think
is very important but um the order book thing like injective has been insisting for quite some time
on order boats on chain order boats whereas the norm has been more amms again i've always been incredibly uh impressed with the
mms first time i read the uni white paper probably when i uh fell down the rabbit hole actually but
um ms are beautiful they they do many things beautiful that they are needed, especially for price. But for fixed income, tokenized fixed income assets, like bond tokens, for example, there
is another secondary market price.
So as a bond is a tradable debt certificate, these bonds are being traded on secondary
market on major brokerages, etc.
So what happens is that you have an oracle price of sorts, and it's best because as it's
a serious product, it's best if it mimics its underlying price action.
It must lead to a little bit of price discovery at all, but the native order book of the injective,
I think, might be very useful for these tokenized ThreatFi instruments that are coming on chain
now and keeping that focus from the beginning.
And now this like looking towards the RWA, ThreatFi institutional stuff with an injective
and this now new EVM push,
I think makes Injective uniquely very well positioned for everything that's coming on chain in the next decade.
Yeah, well I couldn't agree more with everything that has been said.
What I will add to that is that I've worked with a lot of different chains and ecosystem
and I must say Injective to me has been the most professional and responsive out of all
of them.
We've worked a lot with Justin for example who has been great at supporting us and getting us to where we are right now.
So that is something that really stands out to me.
I obviously work more on the commercial side of things so that is also something I pay more attention to.
But yeah Injective has always been very very prepared well in time with everything.
Something that we see happening a lot on other ecosystem is
everything happens too late and and uh with with with uh with bad preparation so that is uh
something i would like to complement the team for definitely
great well thanks guys thanks for kind for kind of highlighting those areas that you really enjoy sort of building on Injective. So I do want to hopefully you guys have had a chance to check out sort of each of these awesome projects and, you know, what they're doing.
You know, they're all sort of unique in their own way.
Hope you guys learned something in this space.
But, yeah, if there's anyone sort of in the community that wants to come up here and ask a question, feel free.
And I actually see a written one here on one of the threads that we did when
we promoted this space. And maybe we'll just start out with this one and then see if this
opens up sort of any other questions. But for Pumex, it looks like someone's asking,
are you Dutch?
Well, I'm afraid my accent gave it away, but yes i am boom x is not but i'm dutch
thank you maximizer yeah that's funny um yeah i just was was taking a look and saw that and thought
okay we gotta ask that one first yeah i was hoping i was hoping nobody noticed but well
yeah i was hoping i was hoping nobody noticed but well i guess it's a fellow dutchie though
why do you say that why why would you hope that nobody noticed
yeah i don't know i don't like the accent so much but uh
all good we got dami up here on stage jamie if you want to ask your question go for it
We got Dami up here on stage. Dami, if you want to ask your question, go for it.
I'm from Nigeria. I've been talking about in Texas for two months now. too much so um with the issue of kaito and bringing um
also the issue of um i had a problem with the last
that was um early this point whereby i was among the among the schools
or the video board when the snapshot was taken yeah so and then in the deal of payment i couldn't
receive my payments and um i was asked i i went to to ask him why and the reply they gave to me was not um
was not good enough i needed proof but they couldn't give me a proof so with that i love
injective so much and i've been yapping um endlessly and talking about it even when they I was kind of wow, it's gonna be great for injecting.
But after what happened, I couldn't receive my first payment.
There was no zeal to push further. And I'm actually not going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where I was going to get to the point where There was no zeal to push further.
And I'm asking, I want to ask if it's right. I don't know.
I want to ask if it's right because I really want to explain a thing about it.
But I'm not saying it because of my first tumours was kind of wasted.
So I don't know.
You're a little hard to hear.
I do think I heard maybe one question you had,
which was about the Kaido leaderboard.
And I think for this space,
that's a little bit outside the scope of sort of this particular space. I guess what I can say about that is that, you know, we have updated
the sort of Kaido settings as of just a day or two ago. So, you know, hopefully that sort of
solves the problem you were running into. But but yeah if you have any sort of specific questions
for any of the panelists up here regarding their projects or um you know anything like that uh
that would be sort of more than milk
so um concerning this um bonding this bonding like like, they come into, like, they kind of, I don't know, they collaborated with Injective.
I think that was getting up last month from non-instructing.
Yeah.
So although I've been posting about it, but I don't really know their main aim.
Although I joined this place with, so I couldn't, I couldn't put the really info.
I don't know if you can, it can be briefly stated or emphasized. So the mainnet has been, so Nigerians couldn't participate on the mainnet because of our KYC requirements.
And with regards to testnet, I'm not sure if I understood the question, but if you participated
on the testnet reward campaign, then those rewards are already distributed.
So if you didn't win, I think yeah you should uh follow on all channels and
wait for the next one
awesome cool uh thanks domi for the question and and appreciate you being here uh moving on to
our next community member Heisenberg.
How's it going?
And feel free to unmute and ask your question.
Okay.
Good evening, inductive.
How are you all doing?
First, before my question, I'd like to comment
all of the workshop and doing the professional.
So my first question goes to QNx uh the question goes like this so you know that every dextrope
speed security and difficulty but thought specifics what care architecture uh sorry
what architecture is three max running that makes it are performed on execution speed and slippage
you know i want to know if we're talking custom built in a matching engine, optimized liquidity routing,
or something else.
Yeah, that's my first question.
Then the second goes to accumulated finance.
You know, when it comes to, when it comes to you,
just these ETFs, so I want to know,
accumulated finance keeps both operations efficient without losing
competitive costs
all right i think the first question was for pumix i did not completely understand everything but i
think you were talking about the the amm architecture underneath Pumex.
So we basically build on top of either UniV4 or Algebra.
And Algebra is an AMM solution as well.
We use both of those for different deployments. For Pumex, we will most likely go with Algebra Integral,
which is a UNIV4 equivalent, which allows for hooks strategies.
And I think in terms of security, you asked a few things.
Algebra Integral has, of course, been audited by many different players,
which you can find on the Algebra website and Pumex itself and the codebase
also has been audited and we keep working on those. I'm not 100% sure if that answers all of the questions but yeah let me know.
Yeah, yeah, that's it.
Can you repeat the question please?
Heisenberg, you still have that?
Heisenberg.
Shoot, we might have lost them, guys.
Oops, no, sorry, I'm back.
My phone was heating up, so it was acting up a little.
Sorry, my question
to accumulated finance was we all know that you know gas gas fees eat yield so i want to
know how accumulated finance are keeping both operations efficient without losing profits to to those costs.
So, gas fees, it yields.
So, not sure what to tell about this.
Yeah, so, all of liquid-staking management operations, like delegations, un-delegations, and distribution of rewards. So it's fully covered from external addresses of accumulate finances team members. So basically, as our smart contract uses the staking precompiled directly,
so we don't have to bridge tokens to do anything to earn the yield,
so we just call the smart contract of the staking precompiled from our smart contract so basically there are no costs involved for
that might be applied to user funds so in other words so all user funds are safe and secure inside
our smart contract and so we don't spend any of these tokens or any fraction of these tokens on fees so
you ask something different
Hopefully that covered it.
Rocky, Rocky.
Let me ask a question to Accumulated Finance.
So maybe you explained it by the way, and I might have missed it, but, Tom, do you work closely with the validators you delegate to?
Or how do you make sure of how decentralized are the validators?
What is your validator pool size?
Yeah, so right now we are not deployed on the main net of Injective, but from our experience with other protocols, I can share with you some examples.
So, for example, on Oasis network, which our largest LST with almost 2 million TVL, we have H5 validators in the set and we delegate proportionally to the score of this validator.
So we have multiple parameters that we take into account. You know, there are some industry-known validators that validate multiple networks from top 100, top 200 CoinMarketCap.
Of course, we give priority to these validators.
Also, there are community validators.
So we also delegate a portion of tokens to these regulators to support them but in a small scale of
course and also we track the performance of the delegations and if some validators for example
go offline for a long time so we un-delegate from them and don't return to them usually
them and don't return to them usually and delegate to other.
Great answer.
Do you run any validators yourself?
And what is your take?
This is kind of outside of your company's scope, but more about industry.
But what is your take on AWS and these like centralized players taking over the cloud
computing?
So most of these validators are actually completely dependent on
those players um and then connecting it to my uh initial question which is do you run any validators
like now it seems to me that like these solo validators running all their hardware themselves
with an internet cable no cloud computing no nothing these might be like really
important for um for cryptos decentralization so what are your takes on these no we don't run
our own validator because it will create a conflict of interest so basically, when liquid-staking providers run own validators, so the interest is to delegate to their own validator to maximize the returns.
So in our case, we work as liquid-staking player only, and we are interested in supporting the decentralization of the network and so we
delegate to other validators that are standby on the network and basically we split the
user funds across all of them or many of them and in this way the utilization is supported and so it's much better
design rather than when a request technical provider runs a couple of on validators and
delegate everything to them because it creates the utilization risks
nice cool guys well we are past the top of the hour um so we do need to cut it off here
unfortunately but i want to thank every every panelist for joining anton from accumulated
alexo from bondi and maximizer from the pumexx team. Thank you guys for being here.
And of course, thank you ninjas in the community.
Thank you guys for being here.
You guys rocked it.
You know, hopefully you guys,
if you haven't sort of tested out the test net,
that this sparks you to go and do so and send us your feedback, you know,
jump in Discord, jump in Telegram.
We'd love to hear more about your experience,
how we can continue to upgrade and provide a better user experience for you guys. And, you know, the road
to mainnet is certainly underway. So, you know, we can't thank, you know, these three teams enough
for being on this journey with us. You know, the future of finance is just right around the corner.
And, you know, we're all building towards a future that we can all, you know, enjoy a future that, you know, is accessible to all.
And, you know, the future of finance is going to be, you know, open, not based on sort of geographic locations or, you know, net worth.
It's going to be open to all.
And we're going to all have access to tools that
were previously only reserved for the rich and the wealthy. Thank you guys again for being here.
Really appreciate you all chiming in, answering with detail and with precision. Without further
ado, everybody, we'll close it off here. Definitely keep in touch.
Join us for the next Meet the Daps, which will likely be a week from today, next Friday, with a new set of EVM projects that are building the future of finance with us.
So thanks again, everybody.
And we will catch you on the next episode.
Thank you so much. thank you for hosting us thanks for hosting us such a high note uh yeah future of finance is right around the corner
indeed appreciate you guys thank you Thank you.
