I was speaking that I thought
did a really nice introduction there
honestly swear that I did unmute
MBE, did you catch any of that introduction?
oh well, it was a good practice run then
welcome, welcome, it's Rebel DeFi
on the Orbital Command account here
this evening we've got Netune Finance
who we're going to be talking to
about their upcoming launch
their governance proposal
where they're asking for their audit money
there used to be a programme where TFL
some of us experience on Twitter spaces
there seems to be a sort of vibe that
some projects feel that they were kinda rugged by TFL
the promise of getting audits
just taken away like that
so projects are now going to
the community pool or coming to the community
asking for community pool funding
I think the majority of the
community think for legit projects
10.05pm in the UK with me
MBE, what time is it with you sir?
We're just a bit up to 7am over here
Right, well I'm most definitely off the coffee
because I'll be going to bed within a few hours
but I presume, have you had a cup yet?
coffee in hand, thanks very much
so it's been a bit of an issue to
schedule this space but this seems to be
what time is it with you Keegan?
It's currently 2pm on a very
lovely and sunny afternoon
See, Northern Hemisphere, the place to be
we had a brilliant day in Scotland today
absolutely fantastic, we have an
expression called Taps Ath
which is the Scottish vernacular for
it's a very nice day, men
so there was people in my village
which doesn't happen all that much in
So yeah, let's kick this thing off
we've got a hard stop on this space
at the top of the next hour
there doesn't appear to be a
huge audience in but hopefully we've got a nice
recording so people listening
back on TerraSpace's recording
will be able to learn more
MB do you want to kick it off or are you
Yeah, go for it Rebel, no problem
Yeah, you're sounding a bit
memory? I mean, Neptune was one of these
projects on the original Terra
that was, I was particularly
I liked the way you guys were
well, obviously I don't know what was
happening behind the scenes but
as far as the users were concerned
felt like you were being quite cautious
and rather didn't want to rush the product
which on one hand was like
we want to use this thing
but on the other it was like wow
these guys are really taking care of what they're
Do you want to give us a quick
run through of what's happened to your team
would that be a good way to start?
Yeah, sure thing, I can give you a good
I think the last time we talked not too long ago
I gave more of a detailed overview
like you said, we're taking the same
approach, we're cautious in the way
that we build, we take security
and financial risk very seriously
build good products and not rush them to
so the long story short was
in the original blockchain, Neptune
was designed to be a leverage investment platform
and users could bring collateral to us
and we would leverage it through anchor
and then we had some high level design
where we would protect you from liquidation
and compound all your investments
which made it like a one click solution for the user
that was around the time that the ecosystem collapsed
so it was very unfortunate timing
but at the same time we were grateful
that we didn't have to do any damage control
not only in Terra and stablecoins
and in money markets as well
and that's where we came up
with our new design now where we
wanted to keep our leverage investment
product and build a better
money market to plug it into
so that's where we're at today
money market built for Cosmos ecosystem
firstly launching on Terra
our beta went live almost about
like you guys said we had some
private testers before going public
we got some good feedback from them and now that
we're public we're getting some really
good engagement, some really good feedback
some of the bugs that users are facing
at the DApp are coming from bugs in
so we'll be working on integrating
more wallets as we roll out
keep working with TFL to fix
some of those bugs as well
so we're really happy to have users
using the app and getting
the feedback from them so we can take
notes and start making improvements
so that's where we're at today
Awesome, thank you very much for that quick
a really fancy video I don't know if it's from
station or TFL, one of the two
updates, or it looks like a nice video
I can see the station wallet
integration or have you always had leap?
I don't believe we actually integrated
beta, let me just check on my website
because I don't think that should be a thing
that may be a phenomenon with
so we have station and we have wallet
connect available that we will be integrating
the other Cosmos wallets as well
Twitter spaces, I am using
Chrome, I'm using a Macbook
and when I click connect wallet
it gives me the option of station
oh no I do have it installed, I wonder
do I want to connect leap to the website
practice with that a bit later
but that kind of interesting
with regards to launching
a new money market on terra
I mean it's fair to say that
and I think everyone in this room is aware
of like a sort of general
so I'm just wondering what your expectations are
you know we watch the markets
constantly in how Cosmos DeFi
you know it develops at an extraordinary
the liquidity doesn't keep up at the same rate
but you know that's a condition of current
financial and crypto markets
as a money market it's something we
use as you know borrowing and lending assets
and then more importantly collateral assets
risks of using them in our money
there are you know several significant risks
framework that we can plug a token into
and if it's worth taking a risk on
the more significant problem is
and what I mean by that is how
much liquidity there is in Terra
and honestly right now there's not much but that
sentiment goes around all of Cosmos
so if you look at Ash Report I think there's
about between 10 to 12 million depending
on the date in liquidity on Terra
there's some depth in stablecoin
we look at that and we consider
what assets we can use as
collateral but then we also look at the secondary
markets so we look at Osmosis and what
liquidity is there and what tokens have
and when we consider these
the important aspect is if
collateral prices go down quickly
and liquidators have to come in
is there going to be enough liquidity
in Cosmos markets to support
so if we're using a collateral that doesn't
have a lot of depth in Terra
it's very likely that the liquidity will run out
there will be no incentive for
liquidators to be able to
make a liquidation and take a profit
so that for us right now is a real
concern but we're working
with other teams, we're working with
we're in contact with Noble Chain
talking to them about when native USDC
is coming out and everything
we're still mapping out what
is going to be the tokens
and then what tokens will follow
just looking at the beta just now
that we can lend, you were talking about
few lending markets that do exist in
Q system that Anka innovated
a system where you queue up liquidity
and it sits idle and then
liquidate their debt and seize their collateral
we opted not going for the Q system
forces liquidity to sit idle for a while
and it's not very capital
efficient and everything we designed at our market
is about capital efficiency
I'm sorry, not a bidding system
running a bot can search for
potentially bad debt and then
once that position does become bad debt
they get to race each other to see
liquidation event before the next person
there's no liquidation available
they can be using that capital
to be performing arbitrage
or market making or any other activities
it keeps it moving in the ecosystem
that's pretty interesting
who is quite adept at writing
you were talking about the Q system
on these liquidation events
that's the downside in the sense
that the liquidity is idle
but the sort of plus point would be that
a power user, certainly not power bags
I can participate in those liquidations
background that's required
That's definitely fair to say
that's definitely something we explored
when we started designing this protocol
we're always in favour of
the public being able to access
that's the best aspect of DeFi in my eyes
in the early days because they were the ones who
innovated Orca and we really liked their design
they kind of made the anchor
liquidation queue accessible
but right now you can kind of see
a bit of an issue developing with
which was their lending platform
and if you go look at all
there's just too many of them now
and the liquidation is kind of stretched thin
and it still takes a lot of
active management on the DeFi user
to figure out where to place
their liquidity and what's going
what collaterals are at risk
and where they should be parking their assets
and how often they should do it
more importantly for our system we want to see
a next level of innovation where
you're running a bot and you're
really good at it, there's definitely an opportunity
make this bot more publicly accessible
so that you can take on public
funds to fund your actions
and then you can share those profits around
so you have the better tech
but you don't have the capital
well that's a business opportunity for you right there
I'm loving the sound of that
I mean not that it's a business
that I could necessarily get involved with
well this is more than an idea
the reality that different
or different protocols can build upon
each other, I suppose as Neptune
was kind of building upon
Anchor back in the day but now
you're sort of offering this kind of liquidation
business idea, you're just throwing it out
there saying listen, why not
and I suppose when liquidity does come back
into the ecosystem that could be
we're trying to make that more accessible
so if you go into our documentations now
you can actually see our developer docs
and what you can get access to and how you can
you can also get access to
connecting to our lending pools
lending markets and exchanges
are definitely the backbones to any financial
experience so we want Neptune
to be this liquidity engine that fuels
Terra and fuels Cosmos DeFi as well
these B2B connections where people can start
building into Neptune and we're happy to
I mean one thing I appreciate
about your site and for anyone that's not
been there yet just throw out the
I often make the mistake of typing in Neptune
the full word, it's not that
change your wallet on to testnet
and then you can go and play around
I mean just looking at the site
I like, or I really appreciate
the Terra feel that it has
I'm assuming that was on purpose
but do you want to talk a little
about the design of the site?
Terra experience is definitely one
we held close to our heart
when I first got into DeFi a little more
Terra caught my attention because it was just
so much easier to use and understand
it simplified the user interface
so in designing our frontend
we went through more than a few iterations
you know, testing it internally
playing around, getting feedback
so the designer right now
it's intuitive and now we're adding
more tool tips to make it even
easier to understand but it was
make the user experience easy
while at the same time offering these
user rich features, it's kind of this middle
ground of hey we've got some pretty advanced
features and how do we make them easier to understand
and use and I think we're
at a pretty good point for that right now
Cool, so then just looking at
there's five collateral listed
everyone I'm sure is very familiar with
and then the next two are N Luna
would you be able to talk a little bit more about those two?
when we were designing how
we wanted to give the user more option
the most common one, Aave
and lending, a lot of the
and you want to borrow against it
the Ethereum as collateral more specifically
you're forced to lend it out at the same time
while you're using it as collateral
someone else is borrowing it which makes money
more efficient but it also adds an additional
risk to your collateral being used
solvency, so if there is ever
a volatile spike in the crypto markets
and there always is, then
there's a chance that you want to be able to
manage your collateral because there's not enough
free liquidity in the Aave market
considered our designs it was like we want to give
use their Luna as collateral
additionally to be able to lend out
be able to lend out their Luna and
use that as collateral at the same time
I want to use Luna as collateral
but I'm a little scared of
so I'm not going to lend it out at the same time
is saying I'm going to lend out my Luna
for a long time and I want to be able to borrow against it
that ability too, so that's what those
end token collaterals are
those end tokens are the receipt token
in the NetTune lending market
it's very much the same as
AUST in anchor when that was around
a representation of your share
of the lending pool and it's an
so you can actually go lend out your Luna
it's gaining some interest and then
you can go use that as collateral to borrow against it
Okay, how would that compare then to a liquid staking version of Luna?
I mean it is yield bearing like LSTs are
but we will definitely be using LSTs
so one of the big opportunities we see
LSTs are definitely a favorable
and you'll only be yield against it
so your collateral is going up in value over time
so to be able to use a collateral
that goes up in value over time means
collateral that pays its own debt over time
so we've been looking at the
we're working closely with the Eris team
and the Stride team as well
and the unfortunate part about LSTs
in Terra is there's not a lot of liquidity
the money markets in the DEXs
so when we consider which ones we would use
there's a high use of LSTs
there's a high use of LSTs
used as collateral in Terra
if you look at Cap-A-Pole
if you look at Cavan Protocol
and the potential risk of that is
if there is a liquidation event
they're all getting liquidated at the same time
and all of a sudden there's not enough liquidity
can't cash out then they'll probably stop
liquidating because now they've run out of capital
and the argument for that
someone's collateral and then you can
two to three week bonding period
time delay in that un-bonding period
that significant amount of time
so right now in the Terra ecosystem
because it's got a couple million dollars
so that gives a little more breathing room
if there is a liquidation event
but we definitely want to see
other LSTs come into Terra
and we want to start using them as well
we're really looking at like
we definitely want to enable them as
collaterals because we can see this
chain effect that will happen
if NetTune starts enabling
certain tokens as collateral
now you can start unlocking value against them
I'm holding onto tokens and I'm doing it for a long term
I'm not going to sell them but they're just sitting there
so if you can stake them and now you can borrow
against them you're unlocking
value in the Cosmos ecosystem
which can now get used in other
platforms and that's the beauty to
just following on from that you mentioned
CapiPolt, I mean I think Edge
is still a thing although
study case for us because
you know they were doing well when Terra
was Terra Classic this sort of thing
the new chain went live again
but the problem there is there's not sufficient
liquidity for users to come in
market maker coming in and
placing liquidity in their system well then
no activity can happen so
in observing that we know
that if we want to launch correctly we do need
a certain amount of liquidity
so that users can actually be able to use
because I think there's only a couple hundred dollars
in Edge Protocol right now
looking that way so you frame
you need to have some liquidity
people are going to come in to use it
are going to come and deposit that
roll out to mainnet because we're
definitely getting better connected to potential
market makers and whale friends
and blockchain ecosystems
you know the teams behind them
we're looking at all the ways we can potentially seed
to draw that liquidity in
sounds interesting maybe you don't want to
share that information quite at this stage
which I suppose is fair enough
but I mean you did mention
pool funding there so I suppose that's a nice
proposal that's currently up I think
was it posted two days ago maybe
posted three days ago and it's
getting good reception so far which we are grateful
is I think you mentioned it
in the introduction TFL previously
were offering audit reimbursements
if you're launching a project on a blockchain
you really want that security
able to have security audits reimburse so that
you can have this added safety
for the users was a really good
initiative but TFL didn't
run that for very long so
before us were appealing to the community
and that those funds will actually
extra room for our planning for our
Orbital Command have already put their vote in
I saw PFC was in the room earlier
I don't know if it's a bug, a little glitch
is both in the Abstain column
Yes column so I'm not quite sure
I think it's something to do with maybe voting
one way and then changing their vote
but then it somehow just leaves them in their initial
I will note that there is
currently a bug with the station wallet
if you're trying to use a ledger
which is unfortunate timing
for our proposal to go live
but I just wanted to bring some awareness to that
it's just the Chrome extension
you just may see a grey screen
so your funds aren't at risk
that's not a problem there
you just won't be able to interact with the
OK and do you want to make a pitch
decide which way they're going to vote
well I mean personally I did vote
vote in favour of this proposal
I really encourage people on this call
I don't really mind if people vote
I do think it's important that we vote
because it just doesn't make
it's just another thing that's less attractive
if people aren't even bothered with governance
it's like what is the point of even
trying to get excited about a chain
if people don't care about their own chain
just go out and vote people
yeah let me give a pitch for it
a yes vote on our proposal
would definitely help us get to
and Neptune getting to terror mainnet
is an opportunity to bring
more tokens to the terror ecosystem
with Neptune we'll be able to
list collaterals and tokens for
which enables more DeFi strategies
one we're excited about is
if you look at the cabin protocol right now
well if you can borrow that cheaply from Neptune
you can go loop that into Axlar
you know that classic D-dren strategy
that we all kind of used to love
so a yes vote for Neptune will definitely
DeFi experiences to the ecosystem
that was really interesting to me
okay Neptune, cavern, they're in the same business
they're kind of competing but
do you see yourself as maybe sort of more
cooperating rather than being direct competitors
oh definitely any money markets in the
in the Cosmos space that definitely
have a synergy between us because
there is an opportunity for arbitrage
because if you consider like
if you can borrow USDC cheaper
on Neptune you're going to borrow it from us
and then you're going to lend it on Mars
than you would do on cavern
and then you know that whole activity
is you spend some gas on Terra
you spend some gas on Osmosis
you're moving money around
you're seeing IBC transactions
this is all good activity for DeFi ecosystems
is going to be engaged in sort of sending money
there is a pretty cool platform
definitely a good platform
into the Neptune DAP so that users
can get an aggregated swap experience
without having to leave the DAP
I was on a space yesterday
and BeeBands was there, she's in the audience
just now, we were talking about shilling
I think that was a little bit
soft shilling there, BeeBands for TFM
and I think I confused Keegan
I had no idea what the Nest was when I first heard it
is this bit at the top where we can share
so I just shared the Neptune Finance
cooperating, the different
money markets cooperating, I think that's great
and something I didn't know exactly
but one thing that perhaps Keegan's
too modest to point out is the difference
between the other money markets like
and the thing that stood out for me is the fact that
Neptune has built their money
market up in the ground by themselves
one of the strongest development teams
and I think that's also another good reason to consider
we have built our money market from the ground up
repositories doing this, we really
came back to the drawing boards
and was like, okay, money markets work
but let's make them better and we've come up with some
great initiatives in that
our interest rates are double
dynamic, meaning not only does
the interest rate change as usualisation
and this is a mechanic that matches
lenders and borrowers together at better rates
we have sub-account features
meaning users can open up multiple
cross margin positions without
risking the first or the next one
we've got more advanced features that we're bringing
to the table as well that we will be rolling out
once we get the MVP to mainnet
and our team, like you said
we are highly experienced in DeFi now
we learnt a lot of important
lessons in the Terra crash and
I think that's really valuable to
go through this experience, see what's broken
and learn from it, but our team as well
inter-chain qualified, we've got
experience in building blockchains, we've got a
couple PhDs behind us in simulation
in crypto for years in many different
I'm really happy with my team, honestly
it's one of the best experiences about building Neptune
as I get to do it with these guys
but you mentioned that your team
also consults or supports
that are quite exciting projects
happening around Terra and Cosmos
and perhaps we can talk about that a bit later
innovative way you described
could compare Neptune's position
or as you say potential partners
with the other money markets in Cosmos
whether it's Yumi or GEMEX
protocols and how you see Neptune
Sure, I think of a couple comparisons
I think the next biggest money market
and the use case there is
it's definitely better for the lenders
than it is for the borrowers
Right now you can lend Axlar, USDC
at about 12% I think last I saw
and if you want to borrow
you have to use a staking derivative
but the catch to that is your
yield on the staking derivative is
sacrificed to the protocol. It's actually given out
to the lenders and this was a way to
replicate the effects of anchor
to make it a healthier anchor and I
but in comparison in the Neptune
when you use a staking derivative as collateral
with us you get to keep your yield
and that makes it a much better collateral
with Staked Luna, so you call it
Amp Luna, you're making I think it's 22%
on that right now. Use that as
collateral, you borrow Luna
from us and then you could stake that
into Amp Luna and loop your position
and then just keep stacking that collateral yield
So that's one comparative there
next closest ones like Umi or Mars
that we have that they don't
which is our sub-account feature
like I just said before, a user can
create multiple cross-market
positions so you can have
one leverage position where
you're doing a lot, you're using
Luna as collateral, you're borrowing USDC
and you're investing that into
something else and you're planning not
to close that position for a year
and then all of a sudden you see an opportunity
in the market where maybe you want a short
set for just a day, you want a day trade with it
Well you can open up a completely separate
that position without risking the other position
that you're going long on. So this makes
it far more composable for a
user strategy, it also makes it more
composable for developers as well
because now you can design
leverage investment platforms
that tap into Neptune and then
you don't have to commingle all your assets
you got this easy to use separation
Another separation feature which is
of innovation for us and for money markets
we're calling them PID controlled interest
so if you look at Aave, look at Mars
when you look at their lending rates
you see a graph of it, you'll see this linear
our rates are measured against
so if you're at X utilization
you can look at the graph and you can see what
the interest rate will be
and that's a fixed curve, if that curve
then that has to go through governance
and governance has to update that curve
to change that curve, but with Neptune
our curve is actually a polynomial
it's actually a curve shape
that can change over time
based on our market activity
Luna being lent to us and
not many people are borrowing it
well when Neptune says well if we can reduce
the borrow rates it's going to incentivize
more people to borrow, so it drops the
rates, more borrowers come in
utilization, and then it starts to increase
beyond that ideal utilization
doing this over again and again and again
just as much as the market moves
to always target this high
capital efficiency, and what that
lenders get a better rate because more
of their assets are being used and
generating yield for them, if you go
look at Aave markets right
now you can see that a lot of the lent assets
in there are barely being borrowed
therefore they have really low lending rates
matches borrowers and lenders at a better rate
sentiment of crypto and DeFi
and automating it is even
code decide how the markets work
So just as a point of reference
when they occurred with Anchor?
Correct, you were describing Neptune
Anchor was definitely more of a unique
case and there was definitely a big problem there
in that there was way too
many assets being lent and nowhere near
and that was a big problem because
that was supplementing the interest rate
that were just pushing into the protocol
which kept up an artificial interest rate
but with no one borrowing them
these tokens weren't, this UST wasn't doing
anything for the ecosystem
and that's where Neptune v1
it was like if we automate borrowing
then we can forward that liquidity
build and that liquidity actually does a service
for the ecosystem because now you've got deeper pools
and you've got better launchpads
into Neptune as well in that
this interest rate system
encourages for more borrowing
all this locked up liquidity
borrowers are actually coming in
they're using the money elsewhere in the ecosystem
come back in on one thing
you were talking about a little bit
response there, but the prior question
I don't want to speak for Chubby
but one thing we sort of debate
quite often, often ingest
but there's a lot of seriousness
joke about how Luna is now becoming a shitcoin
or a mean coin or whatever
stacking yield, that all sounds great
had been live six months ago
and I was trying to stack Luna
ramming in some amp Luna collateral and
borrowing Luna, staking that
into Eris, or not staking but
liquid staking into Eris, get more amp Luna
borrow more Luna, loop it round
and try and stack my Luna yield
brilliant, I'm making more Luna
Luna's tanking in dollar value
Terra Luna ecosystem with regards
a really great point, it's something we
mentioned the amp Luna guys
actually does a lot for the Terra ecosystem
something I really respect about them
bot, they have an active arbitrage
bot that arbitrages liquid staking
derivatives and brings back
yields to the public investor
but it helps keep staking derivatives
on peg to what they should actually be
and that's something that actually helps our risk tolerance
stacking Luna and generate
more yield, but does that really help Luna?
You're definitely right, that's not helping
what Neptune will enable and what is actually
the bottom line of what's
generating yield for Luna is
transactions on chain, and without a good
DeFi ecosystem, without stuff
no one's making, no one's paying
fees on the chain, and that's what
the original chain did best, you had this
great DeFi ecosystem, there was
lots of stuff to do that was always interesting
to move money around and you were paying fees all the time
with Neptune, what we're doing
we're bringing more users into Terra
because there is features in Neptune which you
can't get elsewhere, therefore you're going to
come to Terra to get them
additionally what we're doing is
and its staking derivatives as a collateral
unlocking the value of Luna
because now you can use it as
collateral and borrow against it, which means
you don't have to sell it, you
can hold on to it for longer
into other things that you're going to achieve
with other DEXs and other
that was always the dream with Anchor, wasn't it?
We'd never have to sell our Luna
MB, do you want to come back in?
I mean, I've got more questions
I think we need to get some people up
if anyone wants to come up and
ask a respectful question or
respectful comment, Chubs
MB, anything else before we
Yeah, look, I may have some more
in a sec, but I'm happy to bring up some
like Chubs, who I'm sure is going to
Absolutely Chubby, there is no
racism in this space whatsoever
so come on up, let's keep it respectful
I was looking for, I was asking in the
Punk's Discord too, you mentioned
you know, things are growing, so
where are you seeing these stats, where can I
look at like daily active users
We personally do a lot of our own
research, we scrape nodes
I'm blanking on their name right now
It's run by JD, it's okay when it comes back to you
I guess maybe try and pin it or something
because you know, there's a lot of talk
about that, also, what's your
definition of decentralization?
There's a few aspects of decentralization
of the protocol, you know
this is one I'm passionate about not only in
finance, but you know, in social
media or anything that is a public
to be able to have a voice in how
the algorithms work, I think
that's an important part of decentralization
one of the things I really respect about D5
was the accessibility to the everyday man
it was very much, you could only
get into it if you had a lot of money to begin with
but now you can be a small guy
the same access and the same yields as
the big guys, so those are two
very important factors for me
Okay, and so a proof of stake
the decentralization values
Proof of stake definitely has its flaws
especially in the tenement model
where, you know, you've got this compromise
introduce more validators, you're
slowing down the performance of the chain
and tenement can definitely
go through some iterations to
make that better, I know there's been some proof of concepts
with like a thousand validators
we've been consulting with a project for a while
I know, MB, you were curious about it
we're working with a project called
the Cooperative Denon and we're helping
them introduce some new standards for governance
it's definitely ideas we've been exploring
has its limitations, a lot of
due to performance of the blockchain that you want to achieve
and you kind of see this in
Ethereum a bit as well, it's going
through some iterations where
about the decentralization but that's
at a compromise of the cost to use the chain
the perfect solution yet but I would really
love to see us move towards one
I'm just wondering about the stats too, everyone's talking
about how this is growing, Terra's growing
and Shippa, no one's showing the number
Yeah, I think we definitely need
more dashboards, I always love a good
Everyone loves a dash, yeah
I'd agree with that as well, Chobhan
find out where these stats are
because it's nice to be able to talk
about hard numbers rather than just
all have our own beliefs but we can't
all have our own facts, so let's
what's going on with Anchor by the way or is that
with what's going on with Anchor
I'm not sure what's going
on there, I wouldn't be surprised if it's just way more movement
New York or something crazy
I don't know why this guy's honking at me
He probably faded Pepe or something
but yeah, good luck to you man
We're entering a phase in the market
I guess the next bull market too
I don't know, there might still be idiots out here
but I think people are waking up
to the vaporware that's around us
They're running it back with Injective
if you could extract some money out
or do whatever you've got to do to stack up
Rebel knows how I feel about the alphabet Luna
Thanks, I appreciate the questions
I think you're right, definitely about the vaporware disappearing
It's definitely a tough time to go through
especially for old teratines
purging the market of businesses
and models that really didn't make money
Although that's hard to see them go
it's healthier for the ecosystem in the long run
I appreciate those words, Keegan
We're coming up to our hard stop
anything you want to close with?
just reiterate that our beta is live
and would love for people to test it
and give us feedback so we can make improvements
You can access our faucet
on our Discord to be able to get some tokens
Additionally, we have a proposal live in Terra
and we would appreciate a yes vote
to help us get to mainnet
Last question, it's got to be
so you're in beta just now
where we say beta in the UK
if you're over the other side of the pond
Like I said earlier and throughout this
is we're identifying all the risks
and the tokens we can use
and one of the big ones is
maybe waiting for Noble to introduce
because I very much believe once that's
it's kind of going to introduce a whole
bunch of liquidity and it'll kind
of sweep over all the wrapped variants
a tech debt and using a wrapped
USDC version, we would like
to see native and we don't think that's
So if I'm hearing you right, you would rather
wait until that's out before
definitely safer and better to do
with those thoughts of safety and DeFi
thank you very much Keegan for being
here, thanks for stepping up with some cool questions
Chubbs, MB, thanks for co-hosting
joining, we appreciate your time
next time, thanks very much