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NEUTRON NATION
Recorded: May 1, 2025 Duration: 1:05:45Space Recording
Short Summary
Neutron Nation's latest Thursday edition highlights the launch of the NewtNode community validator, showcasing growth and engagement within the Neutron ecosystem. Discussions on meme culture, yield opportunities, and community-driven initiatives underscore the project's commitment to fostering a vibrant crypto community.
Full Transcription
Thank you. Yo, yo, yo. Thank you. Can anyone hear me?
I can hear you.
Can you hear me?
Oh, there we go.
Yeah, I can hear you both.
How's everyone doing?
Good, good.
How are you?
I'm doing pretty good.
I'm on the East Coast.
It's finally sunny.
Feels like summer is coming early, which is really nice because it's been freezing.
Oh, nice. Yeah, it's been freezing. Oh, nice.
Yeah, it's been warming up over here as well.
I'm over in Wisconsin right now.
Cheese country.
How do I sound?
Can you hear me through the microphone?
Does it sound like smooth jazz to hear my voice?
Honestly, yes honestly yeah sounds good
i'm like i'm like trying to figure out is it worth because i know in the past, if you joined a space from a desktop, it didn't help with visibility.
But I'm wondering if there's a larger account.
I can join with the Clean Media's account on desktop.
I don't know if that helps.
Yeah, join it up.
We're going to give a couple minutes here to all the beautiful ladies and gentlemen out there.
This is another Thursday edition of Neutron Nation.
Smooth hits coming to you live from Avi, Travis, Zion, and your favorite host, Pantera.
Single ladies night here.
It's going to be buy one, get one free.
No cover. Damn, no cover. Ladies only, no cover.
Damn, no covered.
Ladies only, no cover.
Should have been a radio DJ in my other life.
Me too.
Zion, do we tweet these things out from the main to get some some traffic going or what i have never in my life had this slow of a spot i've never had not one person join this is literally
the first time i've ever done this is how bad you are promoting the space this is the problem
i have never in my life gotten into a space and had this it could be the time change too we typically do these wednesday
in in like the middle of the day well the morning yeah yeah exactly yeah no because it's 5 p.m
central time right now right so if you're in if you're in and it's late if you're in uh europe
right and asia it's very late this is actually like i don't know why uh dino picked
this time this is actually one of the worst possible this is probably the worst possible
time that you could host a space in terms of timelines it's either dead middle of the night
very late like 11 or 12 at night or like just getting off work time for like the nine to fivers yeah it's dinner time
he picked this time to accommodate me because i'm an american and i'm in the very middle of uh
of the day
oh okay uh well because usually what ends up happening is whenever there's a neutron space
i can't go uh because it's like right when i'm getting ready to go to work
oh yeah yeah that's yeah we we we do want to move them around a bit i think that's the challenge
is like finding a time that works for works for
different people especially if you're on like the the west coast then it's yeah it's probably like
what is it like three over there or something yeah well it's five well it's five here now but
where i am yeah over over on the west coast it it's three. There it's midday, but
it doesn't look like a lot of our
community is from the West Coast.
It's all good. I've got a tweet
that I'm about to hit publish on right now
that says 1,000
free neutron to the next
10 people that join.
And we're posted.
Alright, they're going to start filing
in, boys, so be ready.
Does that mean if I join from my alt that I'll get the thousand?
Yeah.
You beat me to it.
That's what I was just doing, actually.
I was in the middle of doing that right now.
What I will do is give afollow to everybody that's joined so our friends here uh
zeroxtega.inj an injective ninja has ninja'd his way into our space and uh cleo cleo medes
you guys are uh you guys are going to hear some of the best alpha you've ever heard from the
neutron insiders because this is a very exclusive space as you can tell and it's going to hear some of the best alpha you've ever heard from the Neutron insiders, because this is a very exclusive space, as you can tell.
And it's going to be hosted here by the smooth jazz voice of the Neutron main account.
Zion, take it away.
Yeah, no, I think maybe, you know, maybe a good place to start is to just talk a little bit about NeutDAO, because we've got a couple of the members of NewtDAO here with us, Travis and Avi.
Maybe you guys could tell us a little bit about what NewtDAO is, for those who might not have heard of it before.
They're either here or listening back to this space.
Yeah.
um well uh first of all like newt is uh it's it's a meme it's a meme coin that started on
neutron about like a year and a half ago and i think it's uh i i would say it's probably like
the biggest of the the memes that's you know native to neutron and you know pretty much everybody who um you know
interacts with neutron like you know they know what newt is um and uh yeah it's it's just a very
wholesome sort of like sub community within uh within neutron uh we like sending newts, um, you know, uh, just, just shit posting,
um, sending cute newts on the timeline who came up with the new name. Cause it's, it's quite
brilliant. Yeah. Uh, so that's kind of funny. Uh, like i remember when newt first uh popped up
um i was sitting around um waiting for you know like like because pretty much everywhere else in
crypto like memes were starting to pop up everywhere and i kept bitching for a while like dude neutron really
needs like a meme culture or you know something where you know like some some dgens can you know
just ape into some shitters and stuff get some stuff going on on chain and then all of a sudden
just one night um it was like december 2023 um you know i just started seeing like uh people talking
about it and i it you know i immediately went to astroport and aped and everything and created
the telegram and everything and uh anyway uh we for a long time we had no idea who had actually created it
like they just you know they did the typical you create it and you
burn the LP tokens and everything so the LP's locked
and everything and nobody really cared who it was or anything
we just like the telegram was like just going nuts
like everybody from all over the ecosystem was in there just like
shit posting and like you know making ai images and just you know having fun so um so yeah um i guess i guess i'll keep it under wraps because i know who created it but uh i think they wanted
to remain anonymous so is there like an official newt uh nft or it's just like a meme that like just in general
or yeah well um i wouldn't i would say official official but like uh one of the community members
made a a collection on stargaze it's called cutes c, C-E-W-T-S.
And that's the de facto
NFT collection that we
all have.
yeah, nothing
official, I guess.
I love
your description of like, yeah, and I was
just telling people, I was kind of bitching about how we needed, we needed a meme culture, you know, we need people to ape into some shitters.
on neutron and so there for a while from like mid 2023 until like late in the year there really
wasn't a lot going on at that point unfortunately and so uh you know it was basically just like a
it was like an app chain that had astroport on it you know um but you know obviously ever actually
you know what more than anything what i would i'll credit Newt with is it brought a lot of people together on the chain.
I don't even know if Deploydon would be on the Neutron team if it wasn't for Newt, because he was one of the first people that joined the Telegram and everything.
And he's the one who started the AI bot stuff.
And over time, he stuck around and everything.
And so just slowly but surely.
I think Newt kind of just kicked off a lot of things for Neutron,
for Neutron, like a community-wise sort of thing.
like a community-wise sort of thing.
Yeah.
Yeah, and then obviously, you know,
we had someone create meme ducks as well,
or I call them meme ducks, not meme-y ducks,
but that was another, like, community-driven
Neutron NFT collection that launched on Stargaze.
Yeah.
I think that came from Soy.
Avi, did you want to come in there?
I saw you over here for a second.
Enthusiast.
Yeah, I was going to say that I am newer, I guess, to the Neutron community
because I've been Twitter buddies with Soy for a while.
And he knows that I've been kind of like plugged into DeFi stuff outside of the Cosmos ecosystem quite a bit.
And, you know, I think he was maybe like it was like a CM or something for Neutron before.
And he was kind of like, yo, they're working on similar stuff here.
And I feel like this could be an interesting place for you to come and hang out.
So I kind of, I guess, got introduced to or found Newt because I was actually gifted a
couple of cutes or if you want to call them cute Newts, whatever, the NFTs.
And so it was kind of cool because like i like basically said i wanted to buy them and people
were like no man like i'll just send you an nft and when you have i guess that sort of experience
breaking into a community where people are just like no like it's just fun like we just want you
part of it i think it kind of creates a different feel. Like I would have been happy to buy one,
but the fact that I got gifted one,
it was actually funny.
I afterwards ended up buying new tokens
simply because of the fact that I was like,
all right, well, I might as well like buy some tokens,
stake them in the DAO.
And I guess like a few months later,
once the token kind of like dumped quite a bit
with the rest of the market,
I made probably an irresponsible decision to spend some of our treasury funds from Cleomedes to buy up like a pretty decent stake of Newt.
And so now we're like decent stakeholders in the Dow as well.
And I think like a big reason why I did that was mostly because we wanted to be more community aligned with certain chains.
We want it to be more community aligned with certain chains.
And it feels like Neutron's kind of on the cusp of building out its ecosystem right now.
And getting involved at kind of like the ground level with more like grassroots efforts is just like a cool way to be around before the chain takes off.
Make yourself an OG.
Nude OG.
I want to dig in a little bit, though, on something you said earlier, which was you
said that you were mostly in DeFi outside of the Neutron ecosystem or outside of Cosmos
in particular.
What were you doing in DeFi?
What struck your fancy outside of Cosmos?
So I guess for about two years
actually worked with
it was essentially a liquid fund and we did a lot of
I guess anywhere between $200,000
to $1.5 million dollar
positions in various like farms and a lot of it was like some vaults but then
also some like specific strategies surrounding uni v3 and like doing
concentrated liquidity so we've seen like a few of those types of products in
the cosmos and I think like mag Magma has finally created one that's intentionally leveraging impermanent loss to make yield, which is basically what we did. Like if we made a seed investment in a project, as opposed to dumping the token, we would just create like a relatively wide range in a pool and would exit the position in that way.
So I was really interested in that because I was like, this is really cool.
Like it can be a little bit more positive sun.
You deepen liquidity for the token.
You are basically somewhat constructive because you're feeding into like native demand.
And so that I think was like kind of one of the things I was most excited
about.
And then all the other stuff,
I don't know,
man,
like I've become very disillusioned with all the whole point system stuff.
Like,
I guess obviously hype that kind of bit me in the ass,
but I never really was like a big points farmer.
I guess we'll hold off on our big points announcement until next week then, Zion.
Hold that in your pocket.
But it's interesting, the liquid strategy that you're talking about.
So liquid strategies, as I understand it, is you're investing in tokens that are already trading in public markets.
you're investing in tokens that are already trading in public markets.
And then as sort of like a hedge against that,
you're then deploying liquidity like in limit orders on UNIV3.
Sorry, that was maybe a confusing statement.
So it was mostly a liquid fund in the sense that we had like 30 million in assets.
And a lot of that was allocated to liquid tokens, which
as you stated, are already live trading, have already been funded, etc.
A small percentage of our portfolio about like 5% to 8% was seed investments.
And so we would actually like after the vesting terms were over, we would exit those seed investments via concentrated liquidity pools as opposed to like dumping the token.
Yeah, it's I'm sure that's that's pretty common, actually.
And it's actually a lot more it's probably more beneficial to the project than the old like take out a loan on your collateral.
That's clearly never going to be paid off
which we've seen you know on multiple occasions um but not not to turn this into a uh a super vaults
space but uh that is that is a bit relevant have you looked into the the super vaults uh
they've done like a small limited public beta over the past 10 days.
Have you seen kind of how that works?
I saw the performance, which is pretty incredible,
but I have not yet dug deep into, I guess, the underpinnings.
And I mean, I don't know about everyone else here.
Like, obviously we can talk about the new node,
and I'd love to talk about that. But I'm super open to talking about whatever people we can talk about the new node and I'd love to talk about that, but
I'm super open to talking about
whatever people want to talk about because
I don't know, this stuff's interesting
to me and
I think there's only so much you can say about a
validator.
Why don't
we talk a little about
the validator? You guys launched
a new validator, right?
Is it called NewtDAO or what's the name of it?
It's called NewtNode.
NewtNode, nice.
So this is a community validator, right?
Mm-hmm.
Yeah, go ahead, sorry.
Oh, no, you go ahead.
Yeah, I was just going to ask, from your guys' perspective, I used to run a validator back in the day for a few years as well.
From your guys' perspective, there's all these different types of validators that you can run in different ecosystems.
Why are community validators so important to ecosystems like neutron
well i don't know like i guess uh every every chain needs their like core communities and
everything rather than just like uh you know obviously like basically our our main goal
um is first of all you know we want to run a very good validator that runs well and everything.
In the post that I had made the other day, I made that pretty clear.
First and foremost, we want to grow along with Neutron.
Me, everybody in the NeutDAO, we're all Neutron people.
everybody in the new dow like we're all neutron people you know and uh you know it's it's a pretty
it's going to be a pretty demanding chain uh infrastructure wise and you know they're going
to want to make sure that everybody's running a validator well and everything so that's priority
number one but the reason we're running it as a community validator is um just because
is just because, you know,
we kind of see it as an opportunity
to generate some revenue for the DAO.
And, you know, the DAO can do whatever it wants
with that revenue.
You know, it's beyond me.
This was kind of an idea that I've had a few months in
after I heard that Neutron was going to be
like an independent chain apart from ICS and everything. And so I started thinking like, well, if I was going to be like a independent chain apart from ics and
everything and so i started thinking like well if i was going to run a validator i wouldn't want to
just like run it as my own self and everything i would want to do it on behalf of something
you know for a purpose and everything um and so when i was talking to Avi here, you know, his DAO runs validators on a bunch of Cosmos chains.
And they do a good job.
And so we just kind of decided it was a good idea since, you know, we like Newt, you know, to run a good DAO or a good validator
for the benefit of the chain and the DAO.
Yeah.
I will also add that I think, like,
it's very clear that if you have a community-run validator on a chain,
there might be some perception of, like,
hey, this is just a bunch of random people
like how do we trust that this is actually going to be like a high highly performant validator like
Travis was saying and I think the nice thing and and why I reached out to Travis about the
opportunity is because obviously like I'm interested and personally invested in in Newt
because I think it's fun and I think it's going to be a great place for people
to either get introduced to Neutron
or if they already find Neutron through DeFi,
it's a fun place to hang out.
But beyond that, it's a great way to keep that money in the ecosystem.
Neutron in and of itself as a chain is incredibly well funded and have a very generous like income for validators that they're supplementing on top of kind of the traditional staking rewards commission model.
And so in a lot of ways, the thought became like, OK, does CleanMedia want to try and run its own validator on Neutron and like try and bootstrap
and we have a treasury, we could try and like get ourselves in that way. Or does it make more sense
to team up with an existing community and then focus the validator on supporting that community
while people can still look at our prior performance and other chains and know that they can trust that we'll run a good node.
And so in that sense, it just seemed like better than either of us doing this individually.
Like why not do it together and hopefully kind of rally the troops in addition to rallying
our own like personal funds and all of those things.
And then obviously do something fun for the DAO where, you know, that money, like Travis
said, can be spent however the new stakeholders decide to spend it.
That's, yeah, that makes a lot of sense.
The, so right now you guys are, are you guys looking for delegations for the validator?
Yeah, yeah.
I mean, we're trying.
Yeah, I think engagement and everything is pretty low.
So I don't even know how much my message
has been getting out there, you know,
from the main account and everything.
So I've mostly like scrounged up my own money
and everything and trying to get some more people just engaged
and just kind of see like why we're doing what we're doing.
And hopefully, you know, we'll get some delegations, get into the active set and then, you know,
just see how, you know, see how it goes.
I hope we are.
Yeah, I think one of the big things, like, for example, right now, we've got Travis, our own DAO, but mostly Travis has delegated.
And we have actually a good amount of funds in our treasury right now, mostly invested in Bitcoin, that we're ready to deploy into the Neutron token and bring us into the active set. But I think the big thing we want to see first is like how much community support can we
get before we actually do that?
Because I think there is, I guess, a little bit of strategy involved.
It's like if we're kind of like to come from behind person who gets into the active set
when people aren't totally suspecting it, then we may have a better chance of like staying
in the active
set after getting in. So I think like the biggest risk to delegators is always like, oh, what if I
stake with a validator, and they never become active, and then I never earn rewards, which in
Neutron's case, obviously, the staking rewards aren't super high. So I don't know how concerned
people are about that. But a ton of people are delegated actually through Drop.
And Drop can only allocate, as far as I know, to Genesis validators.
So one thing that actually just went live, I believe, on Mars today is the ability to actually deposit your D-neutron tokens and borrow against them and continue
to earn droplets. So like one way that people who don't want to forego their droplets is
to actually go ahead and borrow against their D-neutron collateral and just borrow actual
neutron tokens and delegate them that way. But as i said we're also looking to bootstrap
ourselves to the set to a certain extent um and then trying our best to kind of just like reach
out to community members and other people to see what other support we can get but we're pretty
close like right now we're at 60 000 i think 60.2 thousand and the current active set the thresholds to become active
is around 87.2k so not too far off easily something that we can achieve with the treasury
funds that we have so I guess trying to like allay anyone's concerns who's like, oh, I don't
know if I should delegate to them or not. Like, I'm not, I'm not worried about getting into the
active set. It's about staying in the active set or so. But that's the more diverse the core staking community is to a validator, the less likely they've got one big delegation from whatever,
whether it's from the foundation or some way or somebody
and things change in a hurry and the winds blow one way
and then all of a sudden you get knocked down out of the set.
And this is a smaller set, admittedly.
So if you can find that validator, you know,
if you're looking to stake that has like, you know, thousands of delegators, um, especially with, with such a low threshold, then you can be pretty sure that, you know, it's not at the whims of one or two people that's going to decide whether the validators in or out of the active set.
Yeah, that's, that's exactly right.
And that's something we see a lot of.
Um, and it's something I've actually seen on celestia like they have like a rotating foundation delegation program and like
a ton of people who didn't get the cut this time around are like no longer even the active set
because they're entirely dependent on that delegation and so i think being a community
based validator it's like another perfect example of why it's great is because you have all these stakeholders and there really is power in numbers.
So like people always be like, oh, I only have a thousand tokens.
Like, I don't think my delegation matters.
And I'm like, actually, your delegation matters the most because if we can get 30, 40, 1,000 delegations, that's going to be all we need.
And I know there are people out there with smaller amounts of tokens,
and that's totally fine.
And I don't think there needs to be a threshold people should be looking at,
like, oh, I should have at least this much to make it worth it.
But yeah, I had another thought about this that I'm currently forgetting.
So if Zion has another question,
or if Travis has anything else he wants to say,
I'll pass it on to them.
Yeah, not off the top of my head, no.
I just think, like, ultimately,
like, I'm trying to get the message out.
Like, basically, you know,
I want this to kind of turn into a community flywheel,
kind of reignite some community activity and everything,
something for people to rally around and just kind of see where it goes.
But like I said, engagement is so low right now.
There's like
five people on twitter and they're all bitching about something you actually i'm glad you said
that because it reminded me of what i wanted to say which is that i think this is a really
critical stage um in terms of like bootstrapping the node and getting it into the active set
and i don't i don't want to make any promises I can't keep to anyone.
But like we mentioned before, 25% of the revenue that comes in from the validator.
And that's after we net out, obviously, like the operating expenses and capital expenditures
of running the node, which because we run all of our infrastructure like in-house,
it's relatively inexpensive
despite the demands of the network.
But 25% of that revenue after we take those things out will go to NewtDAO.
And then the remaining amount will be split between three team members at Clean Media's.
We each kind of had different roles.
One of us runs the nodes.
One of us is a developer who's developing StakeHub,
and then myself where I do business development,
and Travis who's going to be doing marketing for the DAO.
So you guys know exactly where that money is going.
And in talking with Travis and in talking with the team over at Cleomedes,
we're definitely open to the idea of like retrospectively,
if we're successful looking back at like who was ever able to delegate,
finding some way to kind of like reward the people who supported us,
regardless of how small or how large their delegation was.
Because like I said,
Neutron is very generous with the amount
they're giving to each validator.
And the more we can kind of show our appreciation for people who are supporting us now, I think
the more it just kind of rings true that we are actually going to be a community-focused
validator as opposed to another validator that just rents a cloud server and is just looking to like pay expenses and like line their own pockets.
Yeah. Yeah. And if people are listening and they want to delegate to,
you guys want to delegate to the new node and you're using Kepler,
if you just go to the Kepler dashboard on wallet.kepler.app and you go into
Neutron, in the validator section, if you click on the dropdown into, well, you can either search
for Neut node directly and then you can just, you can find them. Otherwise you can also go into the
inactive, the dropdown on the right, click on on inactive and then they're right they're right there as well and then you can you can uh delegate to them i also have um
a stake hub link that i can share like somewhere um if i want to put it like i don't know if in
the nest or something like what would be the best way to share that you guys think uh yeah if you have a tweet you want to tweet it out then we can uh evan can uh just uh add it to
the the space oh perfect at the top yeah i i will do i'm going to send it via direct message or?
Yeah.
Perfect.
I don't know.
If you delete, yeah, if you just tweet it,
and it has to be in a tweet form for it to go up at the top,
but if you tweet it out and then, or you just,
if it's already been linked on a different tweet that you guys have already posted,
you can just share the link to that tweet.
Yeah.
That's okay, cool. That's what I did. I sent it to the Neutron account, tweet that you guys have already posted you can just share the link to that tweet yeah that's
okay cool that's what i did i sent it to the neutron account so i think you guys should should
have it okay um but yeah like in that post there's um like at the end of the post um the fourth line
says delegate here and there's a link and i I know that probably not everyone's going to be familiar with Stakehub.
So just like a quick shout out.
Stakehub is like something that we built over at ClioMedia's that basically is like a really simple staking UI.
It's also got restake functionality in there.
And pretty much any chain that's in the Cosmos registry is on Stakehub.
pretty much any chain that's in the Cosmos registry is on StakeHub.
And we're kind of building this out both as like a user-centric staking interface,
but also like a B2B services for various chains who want like performance metrics and things like
that. So it's totally, you know, non-custodial. We don't take control of your funds. It's basically
like delegating through Kepler. But in my opinion, it's like nice
because you can share a specific link
to a specific validator
and just makes the whole thing super easy.
I think it's important too,
you mentioned that you guys are running your own hardware.
Like if you really want to buy into like the cypherpunk
nature of cryptocurrency and decentralization.
There are a ton of, there's a ton of people out there that run on the antithesis of this,
where it's just like cloud-based servers and, you know, they're validating a hundred
different chains and who even knows, there's like white label services um and so to
to have someone to have a validator in your active set that's actually like community-based and has a
diverse amount of uh delegations and is is running their own you know hardware um that's important that's that's like the nature of
of what we're doing here right so it makes it makes actually the network itself even better
to an extent um oh go ahead travis
oh no i was just gonna agree with you uh. Yeah, I think for the most part,
there's so many validators out there who just run a Hetzner node or whatever.
So it's nice.
That's definitely something that I wanted to prioritize
is making sure that we were running our own stuff
or, well, Avi and them were running their own stuff
and everything.
Plus, it just looks,
it just looks bad.
I think like if you're a community validator and you're just like spinning
it up on Amazon or something and just,
I don't know,
something just feels weird about it to me.
Yeah.
I mean,
I like,
I don't know if we want to go into this.
I'd be happy to,
but do you guys want me to kind of dig into the backstory
and how that even happened?
Because we actually used to run a lot of our stuff out of Hetzner,
and we made that switch a couple years ago.
Yeah, tell us.
Yeah, so, like, basically, I met – so Marco is in charge of running
all of our validator nodes.
He's based out of Naples in Italy.
And so that's kind of another great thing about NewtNode
is it's actually based in Europe.
And that's going to help a lot with minimizing latency,
which is really important for chains that have, you know,
really low block times or really fast block times.
So in Neutron's case, as the upgrades keep coming, these block times are going to continue to get slashed.
And that's going to be great for all the different DeFi applications that are being built.
And so it's like a necessary thing that needs to happen.
This is very similar to Injective, also very similar to Hyper EDM or at least the hyperliquid
network and how they operate and so geographic diversity does take a little
bit of a hit in that sense because you your nodes won't be able to sync up and
actually perform at a high level if they're spread out geographically too much.
But in this case, the nice thing is that since we're not in a massive data center, if something
goes wrong, we can fix it ourselves.
We also have plenty of redundancies.
So if, let's say there's a heat wave in Italy, which there was last year, I think it was
like a year. Yeah, it was like last summer. And initially, we had to run actually have like a diesel generator that Marco has. So we started running the diesel generator. We stopped missing blocks then we were able to kind of address the like root issue with like
electricity and stuff. And then we were able to come back online in house. So, you know,
there are redundancies in place for when bad things happen. And I think that, you know,
it's probably true for most validators. But if you're in a really large center, and your backup
is another really large center, then like, you know, you could see how that gets a little bit dicey.
And so Marco and I, we first started working together like three years ago.
We're on Hetzner and that's when they started saying like, hey, we're going to not allow people to host Solana nodes anymore.
So if you're caught like using our hardware to run proof of stake
nodes, like we're going to like find you or something. Um, yeah, I remember that. Yeah.
So like, that's basically when we were like, all right, like we just got to start saving up our
commissions, invest in our own hardware and then just start running stuff like in-house.
And, um, so that's what we've been doing for like the last two years and
we continue to take our revenue and save it for capex so like if something happens tomorrow to
one of our ssds like we have plenty of funds to be able to replace all that stuff and we don't
have to worry about you know extended uh downtime for like hardware reasons or anything like that
uh, downtime for like hardware reasons or anything like that.
Another one of the things I wanted to bring up to kind of loop this all together and put a nice
pretty bow on it as we continue on this Neutron Nation Thursday night for all the ladies.
Uh, it's, it's interesting, like since the Mercury upgrade, there's been some unique services that the validators provide.
And one of those is the price feeds, right? that's, you know, it's an Oracle price feed that essentially like feeds and assists the native decks on what is an asset price.
And it's block by block. And then that kind of works hand in hand with the this cron module, which also is allowed to operate at the top of each block.
So tying this back into what we were talking about a little bit earlier with the Uni V3
and like deploying liquidity there.
With Neutron specifically, you know, these validators,
they're covering the gas fee for the Cron module
to be able to basically move liquidity around
and redeploy it based on this Oracle price feed,
which is this arbitrary data that
they can also basically proclaim.
There's one source of truth on what an asset price is.
And these are things that are pretty unique to the Neutron ecosystem.
And since the Mercury upgrade are pretty pretty uh novel and and like brand new
basically like the packages you know you can still smell the cellophane basically on this um and it's
interesting uh as validators and as as avi i guess as someone who has who has dealt with deploying
you know limit orders in in v3 in uni v3 um you know maybe this is news to you as i say
this but but i'm curious like um what what makes you excited about like the neutron ecosystem and
i know you said earlier that uh you feel like we're on the cusp of you know the new uh oh can
you guys still hear me yeah yeah oh sorry my computer like just shut off um you said
we were on the cusp of you know like this this kind of explosion of the ecosystem which which
i agree with um so i'm curious like have you looked into these things and and and what makes
you excited about like the future of neutron now that it's on its own sovereign chain with some of these like more DeFi focused
modules built in? Yeah, I mean, if I'm being honest, I wasn't even sure, like maybe I'm just
not technically savvy enough, but I wasn't even sure how Neutron was going to achieve all these
things without becoming its own sovereign chain, like being PSS. And maybe you can kind of help me understand that better because I always just figured that like to a certain degree
they
like
They're not necessarily using the atom stake. It's like the atom validators then also validate
Neutron so maybe they could still adjust the block times in that sense
But I think the fact that they brought everything and just made it in house to me just makes
a lot more sense because now you can customize the chain pretty much however you want without
ever having to worry about liveness issues, which I think is like when you're doing something
that's kind of cutting edge, like that's really critical.
And we know it's possible because like I said, other chains are operating this way, like Injective and Hyperliquid.
But I think back to your question, like the one thing that seems most interesting to me currently is the fact that like in Mars, having these credit accounts like opens up this ability to earn yield on your deposits while they're in positions,
which is like really cool.
Like I don't actually think that I have seen that and that might just be my own ignorance
in like EVM land.
When I saw that on bull versus bear, I was like, why would I trade anywhere else if I
can actually earn yield on my collateral and like in it hasn't
in my case paid for like funding rates but like the fact that it could is really cool
and I think that we're just going to see more innovations like that where things can easily
plug into each other kind of like lego blocks and the fact that it's like so composable just makes
it an even more exciting place for people to bring their capital.
Because now like you can take LP positions and put them in Mars and then like your LPs that were normally static, like let's say my Uni V3 position that was just like sitting there and earning fees for me as I'm exiting my position as a limit order can also be used as collateral for like,
oh, I want to have like exposure to Bitcoin upside.
Like, I literally don't know another place where I could do that.
And so I'm sure there are other opportunities like with super vaults that I'm not even aware
of yet that I clearly need to do some more reading on.
But those are just some of the things off the top of my head where I'm like,
this, like the level of creativity that can be achieved here is endless. And then someone can
take that creative process and create a product out of it and automate the whole thing so that
users who maybe are brand new to crypto and aren't super savvy can just like delegate their assets to
that vault and happily give a performance fee to
benefit from someone else's DeFi savviness.
Yeah.
And I think a lot of the crypto space has kind of realized, like if you look at the
evolution of, of perps and like how they work on chain, right.
It's for so long, the only option was to go to a centralized exchange.
And then GMX came out with like this on-chain perps thing in layer twos
and in many ways made that possible.
And then that's kind of progressed all the way into, you know,
with Hyperliquid's very successful launch.
The interesting thing about Mars is it it takes those those cross margin accounts that made
ftx so popular uh and you know i heard a million times from you know a million different people
um that the cross margin accounts are what really drew them to use a centralized exchange at all. And there's no
denying that even today, centralized exchanges still have a superior UX to what we can do on
chain. But with Mars being on chain and with these credit accounts, it's like the next step.
It's like the next evolution towards basically matching that user experience
of a centralized exchange to something that can still be self-custodied,
something that you don't have to worry about.
The Sam Bankman Freed's running away with your assets
or whatever the issues are, you know, Mt. Gox all the way up to FTX.
So I think I've been here before if I'm just putting my thinking cap on, and I think it's
called being early. And so we'll look back on these spaces where there's only four of us here
talking, five of us here talking, and three of us in the audience, and they're all of our burners.
They're all of our burners. There's actually no one else here.
There's actually no one else here. And we'll be like, oh, remember those days?
We'll be like, oh, remember those days?
I should have joined on the nude account too.
Damn it.
Zero X Tega, you hopped up here.
If you want to chime in, feel free.
Yo, Genude guys.
How you doing?
Good, how are you?
What's going on?
Yeah, bro, it's, it's, I'm good, I'm good, I'm good.
It's really amazing being around you guys.
Honestly, the vibe is crazy.
Not gonna lie, I've been hearing about Neutron for a while, like, you know, the whole cosmos
ecosystem, since I've been on Injective for a while, but, you know, the whole cosmos ecosystem since I've been on objective for a while.
But the upgrade really caught my attention.
And I think people are not talking so much about it.
And I like the fact that I've decided to take that initiative up on myself to do that.
And I'm going to do my part the best way I can.
It's a project I just solved.
When I actually went through the whole upgrade,
trust me, I think it's going to be big.
I'm not trying to be bullish, though, but I'm just being honest. I love the blockchain technology for what it's going to be big. I'm not trying to be bullish though, but I'm just being honest.
I love the blockchain technology for what it's worth.
And I love genuine projects that are building.
Yeah, I understand the fact that I love most so-called projects.
I love main projects that are even doing better
than most of the utility projects lately
that we've been getting rocked back to back from utility projects,
and this is just crazy.
But despite that, we see projects who are really building for the community,
and that's one reason why I fell in love with it.
I was on Discord, though not crazily active,
though not crazily active but i like the whole community the whole community vibe
but I like the whole community shit, the whole community vibe.
yeah the whole um the icon and the names and stuff like that trust me
it's i'm big on community like very big on community so um i i am actually i'm actually
working on the content right now on um staking on neutron so i'm using um using um lip wallet so i was trying
to i was trying to check on the validators on the polar but i noticed i didn't see the
the nude validator i don't know if i'm doing something wrong like i'm not trying to go through
through the link right i think was it travis or Avia was talking about the new validator or something?
So I can find it on Leap, the whole sticking feature.
You know, it's quite easier there.
So I don't know if there's a problem.
Yeah, so the reason you probably don't see it is because the validator is not active yet.
We don't have enough delegations yet.
I'm actually not familiar with like leaps front end or anything for staking, but Avi had mentioned the stake hub link.
Or, you know, like on the main Neutron site, there's also a way that you can delegate to Neut node.
You can actually on leap take it.
One way you can do this is if you go into the extension and you click on,
you know, on the bottom where it says stake there,
if you click on that stake tab and then you go,
you can either search for NTRN or you can scroll down to NTRN and you click on
that. And then it says stake.
If you click on stake, that takes you into the staking flow.
So now you can just enter however much you want to stake,
however much Neutron you want to stake.
And then when you click on select validator, that dropdown menu,
if you type in Newt, you'll see Newt node come up.
in newt you'll see newt node come up and actually you can stake directly to newt node through
through that through that uh that flow yeah okay and if if you want to like try that now
and if for whatever reason it's like not showing up or like i don't know why that'd be the case
it's not showing up or I don't know why that'd be the case.
Stakehub does have support for Leap.
So it supports pretty much any Cosmos wallet.
But if you're specifically trying to create content for Leap,
then I totally understand why you would want to do it
through the actual Leap interface.
Okay, the thing is I'm actually creating content for neutrons i think um it's important to push the
whole sticking on neutron right now considering the fact that just went uh on the own chain relic
on the upgrade right so i was seeing some of the space and and I've been hearing about new, sorry, the new term, Validita,
I was like, okay, it's good to just use them as an example, right?
To create the content and share to my audience.
Because I literally see some of my guys here already on the space.
So some of my audience on X and probably on my Telegram community, so share to them.
So that's no problem i'll follow the the example
that you just gave so let's fucking go sweet yeah let's fucking go i was i was gonna say like
if if you ever want to reach out um my dms are open or at least they should be and i'll follow
you as well and we can we can follow up if it's like ever acting up or if you have other
questions because I think like one of like I guess I have like a personal
vested interest here obviously like Stakehub's not widely used yet because
I don't think anyone knows about it we haven't really been like advertising it
but I think one of the other interesting goals
that we're trying to achieve with stake hub is eventually creating like a
decentralized your delegations feature because right now like we're running
into this issue with newt node where it's like nobody wants to delegate to a
validator that's inactive because they don't want to miss out on staking
rewards and I think that's even more important on chains with like 60% APR, right? Because that's like a significant amount of
money that you're potentially missing out on. And the goal with what we're doing is basically
like using AuthZ to like, keep track of like, hey, these delegators are willing to delegate
to an inactive validator, but like, let's wait until we've accumulated enough tokens across
numerous delegators and then redelegate them all at once to bring this person
into the active set and so like for the time being it'll actually delegate you
to someone who's like in the middle of the pack so that you're earning rewards
and then once enough people basically like say oh we all want to support the to someone who's in the middle of the pack so that you're earning rewards.
And then once enough people basically say,
oh, we all want to support the newt node and bring them in,
and we hit that threshold of 40,000 tokens,
then it'll redelegate to the newt node,
and then newt node will automatically join the active set.
And I think this is something that I remember talking
to Pupmost about a long time ago that never came to life.
And so we just thought it would be a really cool thing to build out to not only help in situations like this with Newt Node,
but then also for other validators that are highly performant and clearly can do a good job
can do a good job but are just having a really hard time bootstrapping into a set.
but are just having a really hard time bootstrapping into a set.
Okay.
I thought that we gave you, and I'll just give you a follow.
So probably if I have more questions, I would slide in your DM and send you those questions.
And lastly, I would like to ask, right?
I, for a while, basically unobjected, right?
So we had a big problem with respect to validators and promises.
And I don't know if you guys are also bringing in that same narrative where validators will promise you that
oh if you stick with us you're gonna get this a drop if you stick with us you're gonna do this
i think black panther precisely if i have to call the names right so um so the it was really crazy
because the hype for black ones i was was so much like oh oh, every person, everybody,
we're just jumping and staking their ink tokens with Black Panther.
At the end of the day, it was a huge disappointment, like so huge you get.
So I don't know what your model is with respect to people.
I've not really gone through your tweets or what you'll be promising.
But I think if you know that it's not achievable,
please, it's better you don't promise.
Let people, let the community just stick
because they see you around.
Like I'm on the space right now.
It's far, far.
My time zone is quite different from you. It's quite late in the middle of the night right now, it's far, far. My time zone is quite different from you guys.
It's quite late in the middle of the night right now.
So I am on the space right now.
I like the way you guys, your vibe,
like the way you're talking about the news and the whole stuff.
So because of this, I'll be like, okay,
I think let me stick with these guys.
I've heard them talk and stuff like that.
So I think people should, you should make the community do this because of, oh, they feel you.
They'd be like, okay, you're around.
Because like I said, I'm big on community a lot.
But if you come with first premises and be like, oh, let's just get these numbers up so we could probably get active and stuff like that.
I don't know if that's a roadmap, but I think you shouldn't go there.
So if, however, and I don't know how often this neutral nation space holds,
but I think we could do better.
I don't know.
Like I said, i don't know like i said i don't know like because
i want a situation where because spaces are the best way to talk about projects like
having communities to always come up vibe and talk random talk crypto talks like that you get so i
don't know how often it holds because a lot of people are getting to know about neutron like i'm not
saying they don't know but the whole upgrade is bringing some crazy attention right now
again so if there are ways that we could have something more a bit frequent right
i'm up for it i'm up for it right so i'm up for it so i'm just saying that. So if you have promises, if that's what you want to do, that roadmap is, the end is dead.
It's dead.
But I don't know, that's my question.
Are you going to go through the same route or you have something different?
Yeah, I mean, Travis and I talked about this idea of incentives and a giveaway and all this type of stuff.
And I mean, like, look, the budget would definitely be there if we ended up successfully getting into the set.
But I think the point is, which is what you brought up, like there is no guarantee that that's going to happen.
And then like we don't want a situation where people were like expecting something and then we don't get into the active set and then we have no revenue source to like reward them with.
And we could like, let's say like Cleomedes is a DAO wants to put up like some stuff to give out to people from our own, you know, treasury.
But then it's like we also lose money in that case and also don't get revenue from it.
So it's kind of like a not great situation for anyone.
So we don't want to operate from a place of making any sort of promises.
But I think like I had mentioned this earlier where it's like I don't want to promise anything.
But if people support us and we are successful, then like there's definitely going to be considerations made to like
word is the right word but like to thank those people for like showing their
support early on but there's by no means a promise of
like an airdrop or like a like a like a yeah anything like that i
don't know if you want to add anything to that travis
no like generally i'm not a big fan of like making big promises like i'm i'm only saying that just like for as from a community perspective like i've never run a validator like myself but uh
you know i just generally think sometimes it can get kind of scammy especially like that's actually
been a big problem in cosmos where like i won't name names but some validators ended up like really
high in you know in the validator rankings because they promised like an airdrop for years
and then i don't even know if they ended up giving it out could it be yeah i wonder
yeah so anyway no that's not something i'm generally in favor of unless uh you know it's
like a retroactive sort of thing like yeah thank you guys for supporting us and everything
yeah i was gonna say like you know that if there's anyone you know listening to this like
there's a if if you're ever seeing validators that are like promising token airdrops like
they they shouldn't need like validating is not like some crazy lucrative business
so like if they're like trying to they're just trying to like farm basically by offering some
like promise of an airdrop or something they're
trying to farm additional revenue uh off of these you know basically off of people's hopes that
they're going to get some juicy airdrop in the future or something like that it's almost always
not a good idea to delegate to those folks it's much it's a much better uh option to delegate to community voters that are actually
supporting the growth of the ecosystem in different ways and actually have skin in the
game and are supporting the ecosystem in different ways.
So it's, yeah, I just wanted to say that as well on this point, because I've seen this,
I wanted to say that as well on this point, because I've seen this, I think anyone that's been around long enough in staking ecosystems has seen this happen.
Yeah, and I mean, to speak more broadly to like Neutron's set, I mean, it's relatively small.
It's 20 validators.
The top 20 are active and 18 of them right now are like Genesis validators.
The top 20 are active and 18 of them right now are like Genesis validators.
I'm not exactly sure what happened to one of the ones that got jailed, but the other
one I know was just like a downtime situation.
And so there's two slots up for grabs, which is basically why Newt Node is like even a
thing.
But just to speak broadly about the other people that are validating, I don't think any of them are promising any sort of revenue share
or subverting commissions in that type of way.
So I think all I'm trying to say to Zero X Tega is,
I think the culture on Neutron is very much not supportive of that.
So I think you're probably in a safe space.
Okay. Okay. So cool, because I think it's the best way to go. So apologies if I mentioned
if I probably poked some people by mentioning names, right so but this is the blockchain and how to be transparent most
times right so uh thank you so much but i don't know like i said the other time um because like
i like it like i'll keep saying that i'm i'm big on community so i don't know how often the whole
neutron vibe and space holes like stuff like that so So like I said, I'll be down for it.
However, I think there's a whole lot going right now on Neutron.
It may not be so, so much, but people just need to be early.
And I think we need to make that noise.
We need to make the noise.
So that's just what I'm trying to say.
Thank you very much, guys, for having me up here.
I really appreciate it.
Thank you so much. Yeah, no, thanks for to say. Thank you very much, guys, for having me up here. I really appreciate it. Thank you so much.
Yeah, no, thanks for coming on.
Thank you, sir.
We appreciate you joining on another Thursday night rendition of Neutron Nation.
This has been the Ladies' Night rendition of Neutron Nation Thursday night.
Join us every week where we'll be spinning the hottest tunes
and the jazz voice of the Neutron main account.
We want to give a big shout out to Zero X Tega for joining us this week.
Also a big shout out to the Newt's community validator, Travis and Abby.
This has been a wonderful time and I can smell dinner upstairs and also one out of two of my children are crying.
So I'm going to need to wrap up this space.
But thank you, everybody, for joining us this week.
And, hey, we'll be back every week to bring you more insights from insiders in the Neutron community.
Thank you, everybody.
And good night.
Thanks, guys.
Peace out.
