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Memes & Dreams ⛅️ 126 - Flow like water 💧
Recorded: May 2, 2025 Duration: 1:23:03Space Recording
Short Summary
In a vibrant discussion centered around the launch of new meme coins and the strategic importance of liquidity management, participants explored the innovative landscape of Doge Chain. Key topics included the introduction of 'Hakuie', the significance of pairing tokens wisely, and the call for Dogecoin holders to migrate their assets to enhance liquidity and security.
Full Transcription
Thank you. you
you you
bass
lows
and lows yo doje fam gather round the space
Memes and dreams were set in the pace
No chains to bind, just hearts that roam
Doje family, this is home
Riders on the mic, or isn't Richard cool?
Nicole's got the handle, she's prepping for a school
Our van's in the mist, he's flipping every take
James drops macro truth.
Makes the market shake.
Don't show the stars.
We're breaking the mold.
Do only good every day.
That's the code we hold.
Memes light the fire.
Dreams fuel the fight.
Trump's got the spark.
Heel's got the light.
Go change.
Just coin.
It's a movement alive.
Agencies give us back.
Watch efficiency thrive. Goji.
Goji.
Goji.
Goji.
Goji.
Goji.
Goji. Goji. Goji. Goji. Goji.
Goji. Goji.
Goji. Goji. Goji.
Goji.
Goji. Goji.
Goji.
Goji.
Goji.
Goji.
Goji.
Goji.
Goji. Goji.
Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. Goji. We're on the brink, doji rise, doji step, pulse to the skies
Tip your hat to doji, it's more than a grin, it's a bam, it's a vibe where the dreamers begin
Huskies in the chat, fuck Peppy's got the flair, Kenji's popping off, Omnum's in the air
Change free, we flow, no gatekeepers here. Love for the meme and the vision's clear.
Beams light the fire, dreams pull the fight.
Trump's got the spark, Elon's got the light.
Dojo just coined, it's a movement alive.
Agency's got our life, watch efficiency thrive.
Dojo Dojo Doji step, pulls to the sky No hate, no gait, just open the door Ivan's got the push, we're debating for more
Himitsu's in the vibe, Canucks got the spin
Pandas bringing laughs, let the good times begin
Doji's the heart, it's the love we share
Every chain, every dream, we're all there
Massive drop
Doji, Doji, feel the beat Every dream we're all there.
Doji, Doji, feel the beat.
Crypto loved it every sweet.
No match, keep on, we're all in sync.
Memes and dreams were on the brink.
Oh, Doji rise.
Doji step, pulse to the sky. Tune in, join the crew, the space is alive. Hello
Hello
Hey, hey, hey Hey, hey, hey!
Everyone heard the song, right?
Hey, hey, hey!
Happy Friday, everybody! How's it going?
Testing, testing!
You guys heard the song, right?
You can hear me?
Yeah.
Okay, cool. There were some issues with the audio.
You muted yourself for a moment there, but...
Okay.
Cool. Yeah, it. Okay. Cool.
It's fine.
Cool, cool, cool.
I guess Richard's not going to make it today because he's in Dubai.
Yeah, hardly.
They're still there.
It's the second day
of Tolkien 2049.
Pretty cool stuff there happening yep a lot of builders
yep so i did invite a friend today um my friend he's here based uncle benu um and uh yeah he is
an expert in liquidity provision he's created a lot of meme coins and a lot of different chains.
And we created a meme coin actually a few weeks ago
during the space, Benu.
It's called Hakuie.
Very good.
Good morning.
How are you, Nicole?
How's nerd girl?
How are you doing?
Good, thanks.
Good to hear from you.
You created a meme coin here.
Was it a dog?
It was a dog.
Everybody knows dogs pump the hardest. That's well established here. Was it a dog? It was a dog. Everybody knows dogs pump the hardest.
That's well established now.
But our meme coin is not about a dog.
It's called Hikuye.
It's hemorrhoid cream under your eyes.
Oh, interesting.
Okay.
Well, that's a novel.
Certainly attention grabbing and all the rest.
Yeah.
Very good.
And that's on Doge Chain, I assume.
Yep, it's on Doge Chain.
Very good.
Well, be sure to take a look.
Yeah, so I wanted you to like,
because I know you've been really big in advocating
not just for meme coins,
but when people create meme coins
about the importance of pairing them
with like doing exotic pairs, right?
Like, and that is pretty important
to the early pumpamentals of of meme coins right like why it's important to pair them with other
tokens that are like similarly small right well it's um it is important not to pair them with stable coins right in the first instance right
which is really the um the the the the base level here right and that's because of where
value comes from in crypto um value is derived you know from the most part uh from the bid right and
from the most part from the bid right and assets will rise and fall with respect to the what
they're bonded to in their primary liquidity pair right so in you know see what's referred to as
the constant product market formula within Uniswap which I'm assuming right so doge chain is an l2 from what what i've gathered and i'm
assuming that um the dex is you know uh operating operating with an amm and if that is indeed the
case all of the value is governed by the constant product market formula which which is X times Y equals K, right? Which means that, you know, the value of K must remain constant with respect to the value of X times Y. So X is
the first token in the pair, Y is the second, and K is that constant value, right? Which must
remain the same as a product of the former right so um that's why it's important not
to bond yourself to stable coins right because it um stable coins are not going to drag you up
um and um you know normally they drag you down but they won't drag you up and that's why an exotic
pair right uh can be beneficial? But it can also be detrimental
if you're paired to something that's going down.
So I think, I think it's bonded to,
it would be primarily bonded to DC, right?
Which is Doge, yeah.
Yeah, that's the main pool.
And it's on QuickSwap,
which would be the main DEX on Doge Chain.
Okay, well, that means that your token then
is effectively leveraged Dogecoin or DC.
Not Dogecoin, Doge
Chain. Yeah. No, that's
the... Yeah, DC.
The DC token is the
governance token
of the blockchain. Is that the gas
token?
The gas token is actually
Doge. The governance
token... It's not the gas token. The gas token is Doge,. The governance token. It's not the gas token.
The gas token is Doge, but the governance token is DC.
Okay.
What are the tokenomics of DC?
Is the supply fixed?
I'm going to let Ivan.
Yes, it's a fixed supply.
It's a fixed supply.
Everything is minted beforehand, but there's token releases following the tokenomics.
I don't have them in front of me.
So it is inflationary in that regard.
In that regard an asset is inflationary, it is typically advisable to be bonded to something that is not deflationary.
Right now, that's a little bit simplistic in that if the demand outpaces the inflation, that can negate that.
um that can you know negate that right but um what's important for the purpose of this conversation
is to understand um why um why you would go and uh bond this coin to um something else i think
right an exotic pair right as i would refer to it typically would be where you
would go and pair your token to a subsequent token um maybe another token on the chain right that is
performing well or maybe has superior mind share uh compared to the one that you've just launched
right or maybe something that's um uh i would just say complementary right you know so you
might pair a pepe derivative to pepe for example right in order to garner some of that mind share
or perhaps um get the attention of of a particular community right but i think um what's most to understand is that you are leverage on where your value is derived right which is from the bid
right and it is the job of the meme coin then to outperform what it is paired to right because
outperforming the US dollar isn't the job here right because that's not particularly difficult right you know given that that you know goes down in perpetuity
so like the job of a meme coin on doge chain is to outperform dc token and all meme coins on the
blockchain must be charted in relation to a dc token right so on deck screen or whatever you use, you would flick your chart over to from USD to DC
and you would chart everything versus DC
because it must outperform DC
in order to be worth holding, right?
So that's the bottom line here, right?
Is that, right?
Now, there are, of course, other considerations
with respect to where value is derived.
That's just the intrinsic value, right?
Is what's on the bid.
But, you know, there's other value there.
Like, for example, relative value, whereby you might say DC token is valued at, you know, whatever, 250 million.
And the next L2 with similar volume is valued at, you know, 10 times that.
Right. And that would that would come into your value equation also.
Another part of the value, which is quite, but people don't understand is that most liquidity
doesn't actually exist on the DEXs and SEXs.
It sort of materializes itself on the bid
at the various psychological levels, right?
The bids are triggered by market makers, right?
So most liquidity actually indeed
is not on the sexes and dexes.
It is in the minds and the hearts
of the people who are paying attention.
So that's, I'm trying to think
what else should I teach you about this topic.
You know what you probably should do?
Since we kind of like just jumped right in,
it might be beneficial to give an introduction.
Like, why do you know this?
Where does this knowledge come from?
You know, like, because I know, yeah.
Uniswap docs available on uniswap.org.
Everybody should read it.
Everybody should understand the constant product market formula.
It underpins everything you're doing here.
And in fact, just because I'm speaking to Doge Chain people, I should say this.
You know, you've got a blockchain now, right?
So get all your Doge, right, of all the various exchanges and bring it to your chain, right?
Because a lot of doge holders don't have crypto at all.
They're just unsecured creditors of flimsy organizations, right?
And you would find yourself at the absolute bottom of the pile
in the event of an insolvency of some of these centralized exchanges.
So the first thing that everybody on doge chain should do
is bring their liquidity to the chain and off of all these uh you know i'm being cognizant here i'm not swearing
here in a public space but you should bring all of your liquidity to the chain um you know first
and foremost and then you know i would say educate your users on you know what is crypto and what isn't, right? Which is that not your keys, not your coins, right?
And on how to use it, you know, a wallet, right?
Which is in itself is a bad term, right?
Because there's no such thing as a wallet, right?
All crypto exists on the chain, right?
You can't possess it, right?
Nor can you put it into a wallet, right?
But everybody should learn that.
What else should Doge chain holders know about?
I think that actually Doge chain holders are probably pretty educated on what a wallet is.
And I think you almost would have to hold your own keys to be on doge chain i could be wrong but ivan wouldn't that almost intrinsically have to be the case for you to be on doge chain at this stage yeah yeah for
sure so like doge chain acts as a layer two for dogecoin so uh you need to actually bridge your dogecoin yourself onto the chain to get like
wrapped doge uh which is now evm compatible and you can uh you know pay for gas on the chain uh
deploy dApps play games trade whatever so yeah uh that the, of course, the first thing that you need to do is that
you need to pull your Doge out of your centralized exchanges and, yeah, bridge it over onto Doge
so you can benefit from the Web3 capabilities of it. But I'm seeing Penny has his hand up
for a while now. Penny, do you have a question or something?
Yeah, I kind of had a question because, you know,
I see DC or the Doge Chain token as an interesting token
in the sense that it's a token that's also paired to Doge.
So first it's paired to Doge.
And then when we're talking about the Haikuye token, the Haiku or branch in the tree here.
Have you seen kind of, you know, tokenomics or plays like that before on chain,
where tokens are essentially tied to other tokens, which are tied to other tokens?
Yes. Does that make sense?
Yes.
It's, you know, quite common,
very common indeed on Pulse Chain.
And what's most important is the ratio there, right?
So if, you know, 90% of the liquidity
was paired to RAP Doge
and 10% was paired to DC token, right?
You know, the value of RAP Doge would have a right you know the the value of rap doge would have a you know 900 percent more effect
on the the value of the meme coin right so you know so it's um it all depends on on what the
ratio is there um so you know if it was paired equally if it was said what's the value of the the token this high
high token high high chico token is it is it um oh it's uh it's very low value it's like two thousand
dollars market cap or something like that it was made like a joke while we were uh speaking on
spaces uh like a couple of weeks ago and uh it really started from there and uh kind of snowballed
okay well nonetheless right so if if there was you know if it's a two thousand dollar market cap
and there's whatever five hundred dollars on the bid um it would um you know if half was paired to dc token half of the bid 250 and the other 250 was paired to
um wrapped doge right you know they would have an equal effect right um on the trajectory um of the
token and of course if that ratio was to skew in favor of either one you know the one with more
liquidity um you know would have more of an effect on it right so um
but you know say for example you were to say to yourself okay well um what if you were to
bridge other tokens to dodge chain i'm like it's evm compatible so i'm assuming you can
uh on the bridge can you you know could i bridge my
could i use dodge chain to trade wrapped pepe for example if i wanted to is that the case
hey subs jim um absolutely good there's you can use hyperlane you can bridge any token you want
using like tools like that right well um you know you could indeed then you know
pair wrapped pepe to your meme coin right say you wanted to launch on doge chain a frog right you
could come along and you know uh pair that in an exotic pair to um to wrap pep in one thing i will point out is that you know for an exotic pair
it is normally you know advised to um make a pair like that in v3 uniswap right in a higher fee tier
in order to compensate for the risk of holding these tokens but um that's a consideration more for a liquidity provider who's interested in earning fees rather than an everyday user who's trying to enter or exit a position.
Honestly, the object here of the object of this space is to learn.
Is it to learn about how to learn about liquidity providing in V2?
That's because you don't have V3s.
Is that the case?
We have V3.
But yeah, we have QuickSwap V3 is on DogeChain.
So no, it's not to learn about it, but I wanted you specifically to talk about exotic pairs
and how that can cause exponential growth for the creation of meme coins.
But then I also thought this could kind of be an opportunity to, you know,
because you mentioned wanting to learn a little bit about DogeChain too. So I thought that this could be like a co-learning opportunity.
Yeah. Well, um, yeah, I'm interested in Doge chain. Um, yeah, because look, the brand is,
you know, irrefutably strong, you know, so, um, it certainly, uh, has a very strong foundation to build upon rather than coming out, you know, trying to build on top of, you know um you know yes it can be beneficial to a meme coin launch
but but you know it can also be detrimental right because you could be you could be paired to
something that's doing poorly right um for example if you look at ethereum mainnet right now right
you know um you know meme coins haven't been just falling off a clip
for the last three years because of sell pressure, right?
There's the ongoing sell pressure of Ethereum going down in value
because remember X times Y equals K, right?
So if X is wrapped ETH and it's a constant product market formula,
K being the value of that liquidity pool which is where the value of the project comes from is is going down
too um so it's it's not exclusively a positive by any means you know um it's a double-edged sword
right um and and uh you know uh weather permitting right you know if you know when you're doing it
and what you're doing it can be beneficial but it can? If you know when you're doing it and what you're doing,
it can be beneficial, but it can also be a bad thing.
Yeah, but in the case of the Dogechain
where the token has a huge room for growth,
it can also, the success of a meme coin on the chain can also uh
you know put the spotlight on on on the on the blockchain itself and on the dc token as well
so uh it draws in uh new users and uh and uh it's in this case i think it's it's more beneficial than than it could be detrimental
yeah certainly at this time right but if we were to have this conversation in november or january
right that that may well not be the case you see so it's um at this present time in the current
environment and at the early stages here of your new blockchain, yeah, I would wager that, you know,
it would be a positive thing right now.
However, if we were to go launch a meme coin at the top
and pair it within an exotic pair,
it would indeed, you know, have the opposite effect.
Yeah, sure. yeah i'm sure because if one's going down and you know all that arbitrage will would cause cell pressure on there that's it there's what's you know referred to as a you
know cascading reconciliations which must be performed when one side of the uh constant
product market formula is um out of whack, for want of a
better term, right? These reconciliations must happen. It's also a beneficial way to generate
volume for the chain, by the way, right? The more exotic pairs you have, the more assets you can get
bridged in, the more exotic pairs you have, the more things that are paired together, the more of
these reconciliations need to occur right and and and
which of course generates volume right and of course you could indeed you know have those
reconciliations happen in cross-chain as well um which which would generate even more volume right
which as a new blockchain is really your uh your object right now is um is volume you know in terms
of attention but you could do absolutely everything in the world right
in terms of a blockchain,
and you could have great infrastructure and all the rest.
But, you know, in the absence of volume,
you know, volume follows volume.
So the use of exotic pairs in these circumstances,
you know, could certainly be used for that.
But I would absolutely advocate for all the people in here
with big follower accounts and all that good stuff.
I would advocate for, you know, all Doge to be wrapped Doge.
I don't see any reason for, you know,
there to be a tremendous amount of Doge on exchanges.
You know, I would try and get as much of it as possible onto the blockchain
and try and limit the amount of Dogecoin available for sale um where possible
and if you can get it all onto the blockchain and get it you know um somewhere else staked
or whatever right that would certainly in terms of supply dynamics that would certainly be beneficial
also
yeah definitely i completely agree with you
but you you can speak you don't have to raise your hand you know how this goes here yeah no
worries i just i was looking for like a pause or something and uh yeah um i just wanted to add that
uh yeah if if you're launching something at the top of the market as well, you have to kind of take into consideration that there's going to be increased volatility due to the fact that if the asset itself is dropping in value, so are the market caps themselves for all the tokens paired to it.
for all the tokens paired to it, right?
So like if you're on Ethereum, for example,
and Ethereum is losing its value,
so are all of the market caps for tokens that are paired to Ethereum.
And because the market caps are lower,
it takes less money to have a higher price impact
or to move the chart.
So there's that as well.
I just wanted to add in.
And then I also wanted to, the example you were giving to do with,
let's say if you wanted to bridge in Pepe or a frog,
well, that's another token we have on DogeChain,
which I'm hoping the idea behind it was always to pair it to Pepe.
But yeah, just to give you a Coles Notes version on it real quick is that it's a token called FuckPepe.
And it was created when Pepe was just completely pumping and came out of nowhere and was stealing the
spotlight from Dogecoin. And so I created a fuck Pepe token, paired it against the wrapped Doge.
And yeah, it pumped like 22,000% in less than 22 hours. And it's got a berm mechanism,
hours and it's got a berm berm mechanism um as well as reflections that go back to the holders
with automatic uh liquidity provisioning built in so like for every buy and sell one percent goes to
um the lp uh one percent goes to reflections to reward holders. 2% goes into the LP pool automatically
and 2% of the supply burns.
So we're making something
that's like deflationary over time
and also that the floors start to strengthen
over time as well,
the more the token is traded
because we'll be accumulating more of the liquidity pools
to make the LP fatter. So it's less hard to move. So the idea behind the token is to essentially
create a divergence at some point where supply goes down, but the floors continue to rise
because the liquidity gets so thick or fat.
But yeah, sorry.
So I'd love to get your insight on that
if you have time.
Sorry for going off the rails a bit.
Yeah, I'm familiar with that type of thing.
You know, so the liquidity to market cap
ratio will determine the you know viability of that proposition so um it is a viable proposition
over a period of time right because because of the fact that it's deflationary, there is some period of time whereby that would occur, right?
And then the question is, well, how long would it take, right?
So that's a function of the volume, right?
And then there are, obviously, considerations around that, right?
So, but yeah, that's a viable model right i haven't seen um
i haven't seen it um executed successfully but that's because i don't think anybody has had one
for long enough i think that it would take in order to reach that point that you're describing
it would take two cycles or something probably um so um but yeah it's a certainly math mathematically feasible
yeah um for sure um and um yeah the more exotic pairs that you would pair to that token for
example that would be a good a good case in point there whereby a all of the reconciliations
surrounding uh the rebalancing of exotic pairs with that token
would, you know, contribute to the deflation, etc. Now, the bit that's kind of pulling from it,
right, is the fact that the holders are getting tokens as well. So in order to accelerate this proposition i would find some way to you know
perhaps uh you know have those uh tokens that are being uh emitted for want of a better term
locked up in some way yeah you know or or you know um exchanged uh for something um you know
perhaps uh encapsulated within an nft or some something like that you know
that would yeah those are the next plans is to create like a lock to burn kind of uh mechanism
instead of like locking to get rewarded and emitting more we're gonna lock to actually burn
more of the supply and the whole theme around like fuck pepe is, is burning actually because of the burning.
yeah.
And if you have time,
check out the website,
you'll probably get a kick out of it.
It's,
and sorry for shilling it or whatever,
but yeah,
it's just a fuck Pepe dot dog.
And,
yeah,
but yeah,
so that,
that's the idea behind it too.
and then,
uh, some other cool ideas that we want to try and build is like potentially launching like a 404 NFT collection paired to another token, which is then paired with the Fuck Pepe token as well.
And then having like an arbitrage bot that will arbitrage between the two and um the 404 nft collection will
be like destroying and and reinventing new nfts with different combinations but yeah like this
is just these are just wild ideas um but yeah so yeah yeah well they're you know logically sound it's just a matter of what's you know palatable and consumable
right so it's um um yeah it's um sometimes it's good to i would sort of say keep things
simple where possible.
You could do all of that stuff.
You just wouldn't have to explain it. Just prima facie on the face of it,
it would just have to be quite tidy
and perhaps focus on the pictures of the dogs
that the 404 is regenerating,
and then just everything else could just happen
sort of in the background.
Yeah, if you bridged in pepe and paired it to it
it would be like a token with an identity crisis pepe which one yeah man that's that's what yeah
now with that hyper liquid you were taught or what was it called uh not hyper liquid but
hyper lane yeah sorry yeah that that's super interesting because that's what i always wanted
to do when
i created the token i was like it would be awesome if i could actually pair it to pepe
as well because at some point in time and this is the reason why i created fuck pepe
it's because just like when it launched and it started raging right when and if it's not it's
not uh an if but it's when you know, when
Ethereum gets to that breakout point
and it starts taking off
it's like Pepe's probably
going to send, right? And so
yeah, it would be awesome to pair
it again, and then you could
arbitrage between the two as well
Here's something you could do, right?
If you were to
do some of these pairs in v3 right so
there are many differences between v2 and v3 but for the purposes of this topic
um the main difference that i'm going to describe here is the fact that the fees in v2
accrue within the position right so you know in in plp token and and the fees in V3 accrue on top of the position.
Right. So so they're not paid into the the liquidity position.
They're just sitting there on top of it separately within the contract.
So when you burn a V3 liquidity position and you've paired together two two tokens in that position each of those tokens
has now become deflationary right de facto right because as these reconciliations occur
these fees are paid into this locked a portion of the contract and are rendered inaccessible, right? And, you know, the longer it continues,
the more fees accrue,
and you can effectively make a token
such as Dogecoin or DC coin.
In fact, you could do this with DC coin
in order to mitigate future unlocks.
If you paired it to enough stuff in V3
and had enough reconciliations,
you may well be able to offset some portion of you know the unlocks in fees that have been accrued and are now you know
inaccessible and effectively burned so that's just an interesting little thing as well
what are your thoughts on v4 well i think it's um useful in the fact that you know there's
hooks right in automation um i think that um yeah look it's um i think my thought it would be more
probably interesting to give you my thoughts on V3, right?
Given that V4 is just sort of effectively that with, you know, automation on top.
It's contrary to liquidity, but, you know, I've heard of things where, you know,
they take those fees and put them into staking pools and stuff like that automatically.
So, like, then the fees that you earn on liquidity also earn yield on them on top of it yeah you can do that um you can um all right so i'll talk about v3 for a
moment right um because you know that's um yeah it's yeah it's probably more like to learn about V4, it's like 95% V3.
And then just, you know.
Yeah, you can't trade liquidity with, you know, it's better.
Fix all the issues with V3.
Yeah.
Limitations.
Yeah.
So V3 was, you know, invented to remedy for inefficiency, right?
you know, invented to remedy for inefficiency, right?
When you pair two assets together in V2,
you have liquidity on the bid and ask ad infinitum
left and right in either direction, right?
Which gives rise to a situation where
there's a tremendous amount of liquidity
on the bid and ask just out of range, right?
Because you've got, you know, a lack of concentration.
And what V3 is, is the ability to fine-tune that.
So when you go to V3, if you do a position in full range V3,
that is effectively V2.
So that's why if I was to explain V was, yeah, if I was to explain V3,
that's a good place to start.
So if somebody understands V2,
you can then understand that, right?
When you go to V3 and you do a full range position,
that is V2 de facto.
It's the same thing, right?
It's liquidity, infinity liquidity in either direction, right? So, and that's inefficient, of course,
because if I want to enter or
exit a position i you know i i want to be able to choose to you know enter my position um in a given
range and exit the position in a given range i don't want to you know have my liquidity there
you know for up to 10 billion market cap on a coin that you know may well you know maybe only go to
100 million or whatever right um so v3 gives the opportunity um for a participant to um enter and
exit positions um in the absence of slippage um and so effectively you get a, you know,
a higher average exit price
and you earn fees rather than endure slippage, right?
So, and for a large participant,
it's a necessity, you know,
kind of rather than a choice, right?
Because in order to enter a position effectively with size,
you can't really do it on market right without of course you
know the splash meme right you know what i mean you don't so um you could you know if you were to
and you know i would use v3 for example to enter a position in something i would decide right i'm
a buyer within this range and i would provide liquidity in that range.
So I would provide, in this case,
whatever DC token on the bid,
65% below the price or whatever it was,
in a given case,
in a range that's 65 to 85% below the price.
And as that position filled,
I would then pull that liquidity and I would have got the tokens I wanted.
Now, and this is where V4 comes in.
With V3, I need to be awake, right, to pull that liquidity.
So the price comes down, it comes down to where I want it to be.
It fills my position.
I'm achieving a better average entry as the price falls into my liquidity i'm earning
fees not paying slippage and i'm not enduring price impact either right because i haven't made
a splash and that's great but if i'm asleep and i don't remove that position i don't get the tokens
i wanted right and v4 provides me with the opportunity um to you know have that done while i'm sleeping right and that's you know effectively
the use for v4 is you know the automation of v3 decisions yeah you could do auto balancing
and whatnot yeah i did some experiments and with a V2 pair, that double liquidity of a V3 pair.
And yeah, you could basically get half the price impacts with even half the liquidity of a V2 pair.
You have to set up right.
Yeah, yeah, that's the case.
I would say this, that V3 is a double-edged sword, right?
It can give rise to situations where there are adversarial sell walls in place
which can dampen the upside opportunity associated with a token, right,
which is something that somebody would need to be able to assess, you know, before
taking a position. So, you know, when you go to one of the various DEX analytic tools, whichever
you use, I don't know, DEX screen or DEX tools, whatever, you'll see in V2, you'll see the
liquidity, it might say a million dollars, right? So in V2, that means that X is 500K, and Y is 500K,
V2, that means that X is 500K and Y is 500K, right?
Which is equal to K, right?
In V3, that may not be the case, right?
It's a completely different formula.
It's not X times Y equals K.
The bid and the ask can be completely different.
There could be a dollar on the bid
and $999,999 on the ask in a 2X range, right?
Which would, you know, gives rise to a situation
where a token is effectively stuck in the mud, right?
So again, all of these things are double-edged swords.
Are exotic pairs good?
Yeah, sometimes, right?
They're also, you know, dreadful
if they're done at the wrong time with the wrong thing.
Is V3 good?
Yeah, it's great.
You know, if it's, you know, being used by founders
and people who know what they're doing.
And is V4 good?
Yeah, it's good if, you know, V3 is being used responsibly, you know.
But yeah, but that's such is the nature of decentralized finance, right?
The tools are there and, you know, we can use them.
And, you know, there's no customer service here.
You know, there's nobody to complain to, you know, if you buy a token and, you know, you find out, God, this thing isn't
pumping and then you find out, God, you know, well, the V2 pool has 200K on the bid, but there's
a $2 million sell wall in V3 here, right? You know, that token's not going anywhere until,
you know, the demand exceeds the supply, right? which is what a green candle is, by
the way. A green candle is just demand exceeding supply on a given time frame. So if there's
too much supply, V3 gives rise to a situation whereby people can over-provide supply to the market, which, you know, is not good,
we'll say, you know, ever, right?
So, yeah, again, it's a double-edged sword.
It's something that, you know,
must be used carefully
and understood, I think, by buyers.
I think buyers should certainly know,
at the very least,
the buyer should know how to go, identify a V3 pool where they see one and ensure that there is indeed a bid there.
Sometimes you'll see a token, a scam, right?
And it's launched in V3 and there's no bid whatsoever.
It's just a wall of ask.
And people say, oh, look, there's a locked pool here with a million dollars liquidity.
This is fine.
But, you know, and they buy in, but there's nothing to sell into, you know?
So again, it's a matter of education.
Is that like, you're talking about
like using an adversarial way,
like when someone does a one-sided pair
where it will have, you know, say all token
and no, you know, base asset?
That's it, Jeff. So like you'll be able to buy with the
you know gas asset but you won't be able to sell you get huge price impacts kind of deal
yeah mostly generally because as soon as that gas asset has gone into the position it's basically
removed right by the adversarial uh person who has come up with the pool, right? So effectively,
what happens is, is somebody's got a V2 pair and a V3 pair, you know, or just a V3 pair,
and the bids are coming in, but the liquidity is getting removed. So, you know, that sell wall is
being eaten into, but, you know, the bids that are coming in are effectively disappearing. Yeah.
And it is, as you described there, you know, it's the single sided provision of liquidity.
Right.
Which is not a bad thing in itself.
Right.
A single sided liquidity provision when carried out, you know, in a coordinated fashion is indeed the the only way to ensure that demand is not over serviced right so
um you know you know the way you would hear years ago people saying you know oh the whales you know
that they're they don't sell or you know that they're they're trimming the whales are you know
taking profits little by little or whatever but you know really really the single-sided provision of liquidity in a coordinated fashion
is probably the only reasonable mitigation to some part of the PVP nature of a crypto project.
For example, if there was, I don't know how many people are here, said it was 10 of us in this room
and we all owned, between the 10 of us, we we owned 90 of the supply of a token right so what normally
happens there so that means you've got 10 people in a room and you've got a door wide enough for
one guy right and everybody's looking at the door you know right so the music is kind of slowing
down and the party's slowing down and all the rest and's thinking, I've got to get out the door because only one guy gets out the door. Right. But, you know, the single sided provision of liquidity
gives an opportunity for 10 people to come along and say, right, well, we understand that there
isn't sufficient demand here for us all to exit all of our positions, but there is likely sufficient
demand for all of us to exit 20 percent of our positions within this range. Right. And then if everybody's in the same range, everybody is, you know, effectively of these things, of course, have the, you know, yeah, look, it's decentralized finance.
So everything can be used, you know, rightly or wrongly.
So, yeah.
is that how xor works like the social media site that you buy into like content and stuff
Is that how Zora works?
i have no idea to be honest i have heard that it's like a v3 pair that starts with just tokens
or whatever it makes sense um i it doesn't uh shock me to hear that, you know, that's somebody's launch model, right? Because you can come along and launch something on a shoestring. But I don't know anything about that. But I do know that brand. I've heard of that brand, Thor.
I do know that brand.
I've heard of that brand, Thor.
Not quite sure what it does.
But that does make sense, all right, Jim,
what you just described.
So I guess, like, another way
of doing a bonding curve type thing
without, you know, liquidity
is always added.
Yeah, kind of, except it's kind of more
maybe linear than a bonding curve.
But it is, yeah, kind of like a bonding curve in a way.
Yeah, kind of like a bonding curve.
I'm trying to think,
because we've covered a lot of ground
I wonder does anybody have any questions
before we speak about anything else
is that something that you normally do
do you normally allow people to ask questions
we've got 56 other listeners
which is interesting
anybody can ask a question
raise a hand
we can pull them up in the speakers.
Just request and we'll pull you up if you have a question regarding this topic.
What NFTs do we have on Doge Chain?
Just to lighten the thing here for a second right
well you have you have quite a bit of uh of uh collections actually one uh the the largest one
is uh the one that i'm sporting the the pfp of and penny which are the the real doge punks. And these, uh, have been created.
This is like our chain is almost three years old now.
Uh, if I'm not mistaken.
And, uh, these are like OG NFT collections that have been created a long time ago
and can be traded on, on, uh, on, uh, on mantra, which is the main
NFT marketplace on, on Doche.
But, uh, this is like the, the, the major, uh, NFT collection that's, that's, uh, here.
And there are a bunch of others like drug Huskies, uh, the defy addict, you can see
him in the, in the audience here. He's sporting one of those.
There was one, what was it that I think Louie made that was inspired by, gosh, what was that?
Gosh, what was that?
It was like a TV show for a while in the UK.
It was like a TV show for a while in the UK.
Oh, it's, yeah, right.
The Peaky Blinders.
Yeah, yeah, yeah.
The Doge Blinders as well, yeah.
Yeah.
That's one of my favorite shows, in fact.
You would, you would.
Yeah, of course, you would love that.
I love Peaky Blinders.
I might even have an old account called Tommy Shelby.
I do love the Peaky blinders i might even have an alt account called tommy shilby i do um i do love the peaky blinders no that collection is really cute too i like it there's a lot of nft collections actually like um for a chain i think and and they're all very cool
there's there's even a nft collection the rats collection
uh where they have like their own marketplace where you can buy um different traits and items
and then like fuse them together and have them minted and then there's like a leaderboard
um you know where everybody's ranked based on the rarity and combinations that they've created and stuff
yeah the crypto rats those are really really nifty because you can buy different traits
and then you can remint a new nft with those traits uh like uh separately like you can buy
like different ears or a hat uh i don't know uh like an accessory or anything. And if you have like a basic one,
then your basic rat
will get adorned with those
like
those are like modular
NFTs that you can upgrade
over time and make them more unique.
Interesting. Do you have inscriptions on DogeGen
or is everything... We have inscriptions.
So DRC20s we have, but not Dogenals yet.
I know that at one point we were talking about doing Dogenals, but did it actually happen?
NFTs never happened, actually.
But we do have DRC 20.
Uh, so there's actually the first bridge for, uh, DRC 20 tokens, which are
inscriptions on Dogecoin, uh, and people can bridge them over onto
Doge chain so they can trade them on, on decentralized exchanges because you know how uh DRC20s uh same as uh as uh BRC20s they they they have this issue of uh
liquidity and their marketplaces they function on uh on you know on bits like an auction house
like NFTs which is not ideal for for uh, you know, you can only buy or set a set amount of tokens on sale.
But if you bridge them onto DogeChain, of course, you get EVM tokens that are minted when you bridge them.
And these EVM tokens then can uh put into a liquidity pool on on
quickswap for example and traded on decentralized exchanges which uh uh which improves the the the
the capital efficiency of of these tokens uh uh by uh by a large margin just a matter of interest um with the infrastructure surrounded doge chain so
i hear you've got quick swap um and i assume it's a fork of uni um do you have your own
version of everything like do you have your own wallets and your own nft marketplace or do you
have you know open c support and you know does everybody use a metamask and a rabbi wallet or is that
usually yeah usually people use rabbi uh for dot chain now um more and more people use rabbi
we don't have like a a bespoke wallet for for the chain but we do uh no it's since it's an EVM people will just use, you know, EVM wallets like, uh, uh, trust wallet or, or metamask or, uh, or rabbi.
It has become much, much more popular.
I think we've pulled some statistics lately and, uh, rabbi has, uh, reached like 50% of the user base.
like 50 percent of the the user base uh but you know it's of the active user base most of them are
the non-active ones are still on metamask most of them just as a matter of interest how much doge
coin is on doge chain you know in terms of as a not expecting anybody to notice off top of their
head of course but um is it you know one tenth of the supply of dogecoin
or is it half where's all the no it's it's it's much less than that than 10 but uh uh let me see
it's it's uh always like there's 30 million dogecoin bridged onto the chain, which is around what, $6 million worth of Doge in liquidity.
Is there an incentive at the moment to bridge your Doge over?
If there's not, you know, like you could have a fairly justified fear campaign, right?
Just, you know, just explaining the the the risk of not wrapping your
doge um because um yeah it seems to me that the the risky riskiest thing to do with respect to
holding dogecoin is to leave it off of doge chain um i don't think that, yeah, that's the riskiest, the biggest negative externality to Dogecoin is, yeah, not having it on Dogecoin.
I think that that would certainly be a good campaign.
Yeah, definitely, because POW, Dogecoin, there's no way to trade it on decentralized exchanges.
coin there's no way to uh trade it on decentralized exchanges uh and doge chain is currently the
largest wrap doge provider with the 30 million doge that i mentioned earlier uh bitgold tried
to do this uh i think they were like partnered for a while with the Dogecoin foundation, but that never picked up.
Uh, it was for Ethereum, I think so that people, you know, you know, BitGo wrap,
wrap Bitcoin, et cetera, but they never like exceeded like 200 K, uh, Dogecoin.
And I think that, that they completely dropped the initiative and left it aside.
Doesn't actually work for them.
So yeah, Dogechain is currently the largest provider of Rappdoge
and with the most utility for it as well with the certain decentralized exchanges NFT marketplace etc
so uh pretty cool if you have some doge and you want to do something with it or trade on DEXs
it's uh it's the place to go well it's arguably the only safe thing to do um you know um a
centralized exchange as you know we describe it as like a public toilet you know so
you go in and out you go in you do your business and you get out you know as quick as possible um
so i i would yeah i think i think that should be the ml for everybody that uses uh exchanges but
that's the large majority of people don't use them that way.
They, uh, they use them kind of like custodial wallets, which is insane to me,
especially when you see like a horror stories of a coin base, uh, you know,
you make a nifty profit on a meme coin.
And at the moment that you want to withdraw like, uh, like a significant amount, uh, they, they review your account for like two months.
Uh, you cannot reach any, uh, you know, user help desk or anything like that.
And, uh, your, your money just sleeps there.
If you ever are able to, to recover it anyway so it's uh it's pretty
crazy to uh to actually do uh do that in uh in that way i've seen i've seen people get locked
out of their accounts while their trades are still active so that it forces them to liquidate
do you know what i mean? Like that actually goes on.
Yeah, that's a big Mexi move, isn't it?
You know, that's not crypto.
And it's predatory, right, in any event,
but it's not crypto.
And it's not why we're here.
In fact, it is the antithesis of this industry right that
um and if if i was to do god if i was to have any place in the dogecoin community i would be that guy
who never stops telling everybody to get their doge on chain um you know that would be my thing
that i would uh that i would do it's um It's wild to me, right?
Because you're an unaccredited investor
and an unsecured creditor, right?
In the, you know, event of a liquidation, right?
Which means that you're bottom of the pile.
In fact, you know, you're not getting your money.
It's not your money.
In fact, it's their money and they owe it to you and you're just a creditor on their balance sheet right so it's just like would you loan your
money to some company in the fucking bermuda islands excuse my french no you wouldn't right
so why would you leave your dogecoin there your precious dogeys like what like in what universe
would you allow somebody else to mind your dogecoin like you wouldn't give them your computer would you or your phone with your passwords so why would you it's uh it's it's
kind of silly but you know it's it's certainly something that i would uh invest time and
educating people on you know um yeah above all else right because there's no point in somebody
investing in dogecoin or dc token um if they don't actually possess it themselves or
you know at least possess the keys that you know gives access to it um they might as well not bother
you know they should just go and buy i don't know something that they can possess like i don't know
snacks or something right so buy uh apple store gift cards or something yeah exactly exactly you
would be safer you would be more insulated against an insolvency right buying apple store gift cards
certainly you would be you know buying coinbase uh leaving your doge on coinbase somewhere else
right so you know do you hear what happened with uh mount gox um so you know
everyone knows about the hack that happened so people lost a lot of money bitcoin at the time
was at a really low price and i was talking to a friend who was part of that and you know for a
while they were told they would get their value in a btc back but then you know when they finally
get around to it turns out oh now
it's going to be the dollar amount at that time
so everybody
just got completely fucked
and you know what can you say
you know you have no say in that it's not your money
really
yeah those people were lucky they got anything
right
they were lucky that the trustee of that bankruptcy
didn't wrap that thing up
right then and there
and give them pittance.
Really, they were
tremendously lucky
to even get what they got.
As an unsecured
participant.
They're lucky that I lost.
Oh, sorry. All good. I'm i'm saying you're at their mercy you basically
fucked they're even lucky that like uh like ross got out right uh because i mean if he was still
in and he didn't get pardoned by the president, then those Bitcoins would all be gone because they would be part of the whatever they confiscate from criminals.
And that would become part of the treasury and everybody would be shit out of luck altogether. time that, you know, especially in proceedings like this and bankruptcies and stuff, unless
there's a real reason to sell these assets, and most times they just cite, you know, reason
enough for potential of something getting devalued as reason enough to sell things,
something getting devalued as reason enough to, to sell things, uh, which,
which sucks, you know, um, they, they,
they want to completely de-risk altogether. So they end up, uh,
selling anything and everything.
It doesn't matter if the assets going up, down sideways, it doesn't matter.
Um, which really sucks. I think they really need to change that.
What I think saved them is the fact that the trustee gets to charge a fee to manage the trust.
Right.
So he was probably thinking, right, here's what we'll do now.
We'll keep this thing cooking.
Right.
And he'll invoice the thing for, I don't know, God knows how much a month.
But yeah, there was maybe a little bit of self-interest there on the part of the trustee.
But of course, he does have a duty, right, to the beneficiaries.
However, like you just described there, normally they determine that the risk is to the downside and they liquidate immediately.
But maybe in these circumstances, perhaps there wasn't liquidity there to support that.
wasn't liquidity there to support that um and it's you know i suppose would require a multivariate
analysis to come up with you know why the trustee did what he did but in any event uh the people
were very lucky that he did what he did um because um they you know needn't have got anything to be
honest you know hey on a slightly different um, just talking about what Pennybags was talking about earlier. If you use a mixer and you get involved with sats that have been involved with the laundering or something like that, it gets confiscated. But if the US government does it, it's part of our treasury. That's kind of a crisis.
treasury that's kind of a well that's it if i you know um yeah we're um there are many examples
right of the you know asymmetric application of morality with respect to government and man
and uh yeah that's that's one of them but there are many many examples of that and they go
back thousands of years right so i don't think that's uh likely to change um in the near future
um but certainly right what we're here to discuss is something that does provide opportunity for man
to change that relationship with government but not if you
leave your doge coins on on the exchange so um yeah it's um you know step one you know to you
know you want to change your relationship with the government well get your doge coin wrap them
and bring the doge chain and that would certainly be a step in the right direction which would
provide you with your right to transact right on quick swap and if the front end for quick swap went
down well we could build another one and if there was no liquidity we could build another decks we
could bark uni swap again and you would be we would have freedom right enshrined within that
ability um but um yeah i i that's what I would advocate for.
If you, if you didn't remember anything I said today,
would be get your Dogecoin off the exchanges, um,
and wrap it and bring it to your blockchain and advocate, you know,
to each and every person that you meet before you tell them anything else,
tell them to do that. Uh,
because each and every Dogecoin that isn't on Doge chain is at risk, um,
right now. Um, and of course when these exchanges uh find
themselves in in insolvency you know uh oftentimes right because they manage their own order books
right so how much dogecoin do they hold right what would the trustees of those bankruptcies
opt to do with the dogecoin they hold would they sell it on market probably right so um you know if i was mr dogecoin or whatever uh that would be my
mo for the next six months would be and 12 months and forever which you know would be you know get
your dogecoin off the exchanges yeah not even just um bankruptcies right but um rehypopulation
how much of those coins that are in your account that are credited to your account actually are
being sold because there is a limited supply of this stuff, right?
A bankruptcy doesn't even happen.
There's so many shady things that could be happening that your account says something,
but it actually might be different.
FTX.
It also helps out the asset itself too, right?
Like in the sense that if there is less supply on exchange uh then
the exchange can't use that uh to essentially market make or to loan out to individuals who
then use it as leverage to cover right so um you're kind of like dismantling that in a sense or way.
And we all know that, you know,
spot is better because that's what really drives the charts and, and reinforces positions. It's not through, you know,
things that are, that are, are, are leveraged. Right.
But yeah, that's, that's like another benefit
to having everything on chain, right?
It's going to help the price of the asset itself,
make it stronger, less volatile.
Absolutely.
And look, these exchanges, right?
It's kind of a language issue too, right?
They shouldn't be allowed to use the word balance.
It should say we owe you, right? That's what it should say um because it's not your balance you know there are no
government deposit schemes or anything else or insurance underpinning any of this stuff
so you know up in that top right corner of the screen where it says balance
one thousand dollars it should in fact say we owe you $1,000 that's what it should say and that
balance is scrawled on a piece of toilet paper not even like the extra thick stuff you know it's
like thin shitty toilet paper see what I never understood is like how like all these projects
are like want to get on a centralized exchange. Like, is there some kind of like manipulation going on there where, you know, it's made to think that, you know, for a project to be successful needs to be on sex?
Well, it's where the demand is, right?
It's the point of sale.
It's friction.
So, you know, it's like all sales.
It's about, you know, friction and removing friction.
And, you know, the exchanges are, you know the exchanges are you know that's what
the app store app is in the guy's phone and then you know that's where the regulation is and that's
where the advertising is and etc so it is a matter of you know pulling the people off the exchanges
to allow the exchanges to do the marketing to bring people in right they put their name on the football
jersey on the race car, whatever.
And then as soon as they get on to CT, it's your job then to frighten to beat Jesus out
of them and tell them to bridge their assets to where they're safe, right?
And let them, you know, so it's like marketing, right?
So there's two sides of marketing.
You've got advertising and merchandising, right?
So it's like, you know, you let them do the advertising, right?
Which is, you know, they bring the customer, you know, to the product. And then if you then merchandise
that attention and bring the, you know, the customer then to the product, you know, that's
like your workflow is, you know, leverage their marketing. And then, you know, as soon as somebody
buys a Dogecoin, then it's your job to make sure
that it contributes to
the TVL of Dogechain
and in doing so
protects that user from the negative
externalities associated
with being an unsecured creditor of some
shithouse in the middle of
Bermuda or whatever.
So Bennu, what do we got to do to get you
launching meme coins
on DogeChain and what do we need to do
to get Rhys launching
NFT collections on DogeChain
well this was certainly a good
start I suppose right because
we've met one
another
and a good start i suppose right because um you know we've you know met one another um um and um
i understand dodge chain i think right you know i've learned a little bit here today um i um yeah
it it um it would um i would have i would study dodge channel a little little bit and I would find the right fit for Doge Chain
and I would, you know, do some pre-planning, right?
You know, I wouldn't just go and launch a coin on the decks,
which I could do.
I could send somebody a DM down
to be a coin launcher in 45 minutes. Right, yeah, you're not going and launch a coin on the decks, which I could do. I could send somebody a DM down to be a coin launcher in 45 minutes.
Right.
Yeah.
You're not going to launch a token live while we're on the space,
which is how we launched to Kuye, by the way.
Yeah.
No, no.
We certainly wouldn't do that.
But yeah, we would.
Look, we could do that.
Right.
But, you know, I think that that would be wouldn't be my.
Look, you know what?
Look, I'm not.
Come on, show us your D-Gen.
Yeah, well, honestly, I am an absolute, like, I'm a major D-Gen.
I can vouch for that.
He is.
I am so bad.
Good enough for me.
Yeah.
Fine.
I'm a major D-Gen.
And I like, like, you know, my favorite thing to do is to be in the Telegram chat, by the way.
Right.
Just like, you know, being the thing to do is to be in the Telegram chat, by the way. Right. Just like, you know, being the voice chat guy.
That's my absolute favorite thing during a talk and launch.
I love that.
I really do.
That's awesome because you're a good host and talker, man.
Like very interesting person to listen to as well.
Sorry for cutting in but thank you very much
indeed that's um nice to hear i'm not i'm not somebody who speaks very frequently uh incidentally
i don't speak uh in my own community very often uh you know um or at all almost. It's just that Nerd Girl had requested me to appear today
in front of the Dogecoin court,
so I had responded
to the summons, and here I am.
But yeah.
Anyway, thank you for it.
It was really an interesting
spaces and hearing your experience
with all of this. I think
a lot of us got educated
a lot and learned a lot
in this hour and a half
that we've been here.
Many thanks, man.
And by the way, guys,
Rhys, who is Slime Whale in the audience,
he didn't want to speak,
but is like a super, super talented artist.
So if we can get him to launch an NFT collection,
I think you guys would all really enjoy that as well
I'll tell you a little bit about Rhys before I go
Rhys is the concept artist for Squanch Games
which is the gaming arm of the studio that produced Rick and Morty
which is a television show in America
with cartoons in it which you probably know
I'm actually wearing a Rick and Morty shirt at this very moment
excellent, well you and Rh to be good friends so he um
is a concept artist he does level design and he does makes assets in 3d and works on the various
games uh as well as uh you know whatever whatever you call animation right so and he's um you know um an og for want
of a better term in that sector um so yeah he would certainly be a good candidate to
do an nft collection um on doge chain and i will speak to him about that um afterwards um and yeah
um maybe he will do something um he has to be inspired of course
he is he is a real artist he's not commercial in the slightest um he has a doesn't have a
commercial bone in his body but he's a if he wants to do something it would be brilliant
and then if he doesn't want to do something he will do absolutely nothing um but yeah so i'll certainly put it to him um and see what he see does he feel anything um
but yeah look thank you very much for having me and um i have i'm going to go and follow
uh everybody here just before i go because if i don't it's it's difficult to remember
is there digital and penny well before you go are there were there any more
questions for Benu?
Or did anybody else have anything that they wanted to ask or anything?
Nicole just doesn't want to let him go, man.
No, I can call him anytime.
I can call him anytime.
Like he's, you know, really accessible to me.
He's really accessible to me.
All right, cool.
Very cool spaces, guys.
Let's have some ideas in the chat on what we can do
and launch maybe another meme coin
and pair it with Hakuya and DC next week during the spaces.
So if you're a sniper,
make sure that you're here
because we'll be posting the address,
the CA,
during the spaces
so you can snipe it.
But yeah, I'm kidding.
Don't snipe it.
Don't kill the meme coin
before it actually takes it.
My meme will be absolutely impossible.
It will be impossible.
It just will not be humanly possible.
I would encourage everybody to try and snipe my meme coin.
It will be a failed endeavor.
Awesome.
Okay, guys.
I think we did the round. Just one piece of news I wanted to share from last week before we wrap it up. uh there's an actual uh dogecoin etf that's uh being proposed and uh so uh it's going to be
very interesting to see if uh if uh it actually've seen uh like etfs for uh for eth
didn't do much for it it it was kind of even detrimental but for bitcoin on the other hand
spot etf was uh was something uh. But this would actually give more legitimacy
to Dogecoin even more than it already has
and perpetuate the Lindy effect
that the OG meme coin has in the industry.
So it's very interesting to see in the next weeks
what will happen with that,
whether it's going to go through or not.
So keep an eye on that.
All right, guys.
Do you think that it'll be a bad thing or a good thing?
For Doge, it could be only a good thing.
I mean, over time, it's always going to be a good thing.
It's already some...
Dogecoin doesn't have those fundamentals, woes that Ethereum has.
Everybody knows Dogecoin is a meme coin,
so people don't expect strong fundamentals from it.
It's inflationary.
People understand that it's inflationary.
It's funny, but imagine if you had a portion of your pension fund in Dogecoin.
That would be crazy, man.
It's definitely gonna happen i mean um it's best practice to have at least a portion
even if it's a very small portion into some very tail end risk assets of the market because those
could end up literally uh outweighing all of your gains of of the rest of your portfolio in some instances.
Like every portfolio manager kind of knows this.
So I think that it's expected that they're going to want at least a small portion of Dogecoin in their portfolio because it also represents to me like retail's appetite for risk on right so if retail is doing uh good or if they
want to um um if they they want to engage in in in in assets and trading then you immediately see
like like i see dogecoin almost like a leading indicator right
definitely
okay guys awesome stuff today uh thanks everybody for joining again uh on this friday's memes and
dreams spaces uh of course next friday same time we're going to be a bit more crowded with
everybody returning from Tokyo 2049 from Dubai. They're going to have some stories to tell.
So tune in to listen to what's hot in the Web3 space and uh get it first-hand information from uh from the thinking heads of
lda dot chain stratax and everybody uh involved uh in uh in the in the market on uh on high level
so uh thanks again uh binu for uh joining us today and sharing your wisdom about MemeCoins, pairs, liquidity.
So don't forget to flow like water and do only good every day, guys.
Have a happy weekend and see you next week.
Bye.
Yeah, I'm, I'm, I'm actually trying to, uh,
my web browser where the spaces is hosted has crashed.
So I'm trying to get it online really quickly to actually kill the spaces.
Ah, there we go.
See you, bye.
