Next Gen DeFi Revolution with Katana & Morpho

Recorded: March 11, 2026 Duration: 0:48:15
Space Recording

Full Transcription

Thank you. Thank you. Thank you. so
I Thank you. so
Thank you. Music Thank you. Oh music Thank you. you Hello, everybody.
Good morning.
Good evening.
Quick sound check.
Can I get a thumbs up or reaction just to check everybody can hear okay?
Okay, we're looking good. quick sound check. Can I get a thumbs up or reaction just to check everybody can hear okay?
Okay, we're looking good.
Awesome. Well, listen, it's great news that we brought an end
to that elevator music that X really needs
to give some options around
to breathe a bit of life into these sessions.
But listen, thanks everybody for joining.
We're really excited to be hosting
the spaces tonight. I think timing wise, it couldn't be better. We've got some really
interesting stuff to talk about. My name is Sam. I represent OKEx. I work as part of a team
that is helping bring the new money app to all kinds of new places
around the world, not least in the US and Europe.
So if we have guests joining us from those parts
of the world, great to have you with us this evening.
Also want to say a big warm welcome
to the Katana and Morpho communities.
I think it's the first time we've done a Spaces together.
I might be wrong.
Great to have you on.
And we're really impressed by everything that's going on in both of your ecosystems at the moment.
So really looking forward to learning a lot more.
Let's kick things off by welcoming our guests.
I should preface this by saying we have three Justins involved in the spaces tonight.
We've got Justin from Katana. Justin, do you want to say hello?
Come in, Justin.
Come in, Justin.
It looks like we might be figuring out some technical issues.
Maybe we skip to Luke from Morpho.
Hey, Luke.
Justin's on the...
He requested to speak on the CryptoTexan handle.
Let's have a look.
This is Justin from OKX.
I just admitted him.
Hello, hello, GMGM.
Can everyone hear me?
Hello, hello, everyone.
Yeah, happy to be here.
Really excited.
This collaboration that we're doing
and this partnership is really exciting.
But yeah, I do DeFi things over at Katana marketing, um, BD, um, you know, it's, it's a small group.
So we, we wear a lot of hats here. Um, but mainly on the, on the marketing and comm side of things.
And yeah, Katana is a DeFi first chain, uh, focused, uh, solely on DeFi, uh, optimizing for,
for that type of infrastructure. And I think the partnership
that we have with Morpho has been very, very tight. And now this one with the OKExtern program
is really helping us to fulfill our long-term vision of making DeFi much more accessible and
easier for users globally. And we can talk more about that later,
but I'll just have that short intro on my side.
Oh yeah, I was at Polygon for four years
prior to being at Katana.
And then I was in traditional banking
for 13 years prior to that.
So excited to get started.
Maybe you can take just a moment as well.
It's been a big couple of weeks
for you guys at Katana. Lots happening. Maybe you can just give a little bit of a rundown of what's happened over the past couple of weeks for anybody who's not familiar.
chain. And one of the very unique mechanisms that we have is our vault bridge that takes assets in
the bridge and deploys those in the low risk yield strategies through Morpho on Ethereum. And then
that yield gets from Ethereum gets routed back to the Katana chain, where we distribute it in a way
to boost yield on other DeFi markets on Katana. And that's one of the main parts of our flywheel. And what's really
exciting is we have our own app, app.katana.network. And not a lot of blockchains have their own app.
And this is where we can surface opportunities for users to dive into. But still, everything in the crypto space,
it's very DeFi native. We're trying to get out of that a little bit more, and we are more and more
every day. But I think that's one of the really, really exciting things like this partnership with
OKEx can really do is that now OKEx users can access on-chain Katana yields without having to leave their, you know, OKEx
exchange interface that they're so familiar with. And we feel like that's part of this DeFi
mullet thesis that the guys at Morpho talk about all the time, where you have really just like a
fintech familiar comfortable front end in the front. And then you've got
DeFi yields in the back, right? The fintech DeFi mullet. And ever since this collaboration that
we've done with OKEx, and we did one with Binance Wallet as well at the same time,
we've seen about half a billion dollars in assets route to Katana.
So we're a little over $700 million in DeFi TVL.
What we really focus on at Katana is something called productive TVL,
which is assets that are actually deployed in DeFi protocols. Because we feel like if you just have assets sitting in a wallet doing nothing,
should that, I mean, it's on chain, sure.
And the chain is helping to secure that,
but it's not contributing to the overall growth
and future growth of the DeFi ecosystem.
So that's what we optimize for, is maximizing for productive TVL.
And we feel like partnerships like this with OKEx,
it's really, really exciting.
And just trying to have a know, a really exciting way,
time to abstract away all the complexities of DeFi
and, you know, growing our chain at the same time.
Lovely summary. Thanks, friends.
We're going to come back and talk a lot more
about what you guys are doing at Katana.
And, I mean, the app is great.
You've got to give a shout out to the guys who
did your branding and design work, too, because it's awesome,
Luke, good morning, good evening from Morpho.
Hey, Luke, do you want to say hello and introduce yourself?
LUKE MAHEYERIENI- GM, thanks for having me.
Luke from the BD team here at Morpho, focused on DeFi native
use cases of our lending infrastructure. For anyone who doesn't know Morpho,
we are the most trusted lending network on chain with $10.5 billion of deposits.
People like to say Morpho is modular lending, it's sort of like this network as opposed to a lending application.
So plugging into all of these different points of distribution, all of these different fintechs,
banks, neobanks, and obviously, um, wallets and exchanges like, like, okay.
Uh, so we are the, the lending infrastructure that is powering Katana's yield model. Not only
are we sort of the enshrined lending protocol on the Katana network, but as Justin said,
we are also underpinning the Katana chain through Vault Bridge. and sort of the power of vault bridge is that uh yield
that's generated in low risk d5 on uh eth l1 is then routed back onto katana to effectively
subsidize uh the yields for users on on the katana chain So there are going to be better yield economics organically
than would otherwise be possible on any other chain.
And so I think that is sort of like the thing
that's most exciting about Katana's yield model.
And our role within that on the Morpho side
is pretty core to the value proposition of the ecosystem. And I think
that's something that OKEx really has seen the value in. And then obviously OKEx's role is to
bring this opportunity and this yield to the many, many millions of users that trust VOKX front end and brand.
And so that's sort of the DeFi mullet and how it all comes together.
And that's really what we're most excited about here.
Couldn't agree more on it.
I think that's, thanks, Luke.
That's a perfect segue.
I mentioned at the top of the call that, you know that this is a timely moment for us to be coming
together and sharing a little bit more with the community. I wonder, Justin Lee from OKEx,
if you could maybe share a little bit about what we've been working on at OKEx with teams
from Katana and Morpho and how anyone in school or the OKEx community as a whole can engage with
what we've been building up. Thanks, I'm GM everyone, Justin from OKEx. I look after our
earned products and over the last couple of weeks I had the pleasure of working with the
flying folks at Morpho and Katana and so we really tried to open up MoFo yields
to CeFi native users who are exploring DeFi
for the first time.
And for a lot of them, you know,
trust and simplicity are the barriers.
And so like Justin and Luke has shared before,
we view our role at OKEx as curating trusted DeFi opportunities that CIFI users can access with a single click, lowering the barrier to going on-chain.
And so what that looks like is concretely a campaign that has ran from the 3rd of March to the 17th of March, whereas 65 million Katana in rewards are up for grabs.
You can access this pre-TGE rewards
simply by depositing USDT onto on-chain earn within OKEx app.
And by the time TGE happens further down the road,
you know, on the 17th of March,
perhaps the rewards in Katana
will be just deposited right into your app seamlessly without any fuss. And so that's just
the first, you know, sneak preview of what we have installed. And we have a lot more campaigns planned
that I can share more later.
out that I can share more later. So excited to talk more about that.
So excited to talk more about that.
Thanks, Justin.
Yeah, it's really great seeing this come together.
And I think like all three of you touched on it
and you're kind of opening remarks
that there is real big focus on just making this simple
for people to engage with, right?
So stripping back some of the complexities that,
complexities and risks
I think that that users have faced when trying to engage with with yield
particularly on on chain in the past abstracting that away and making it as
simple as possible awesome well listen guys thanks for the intro I think
probably there's kind of two areas that we want to dig into a little bit on the
spaces I think a short space is a good a good one so that the two areas that we want to dig into a little bit on the spaces. I think a short space is a good
one. So the two themes that we're kind of going to focus on, one is like, I guess, the macro
situation, right, of how DeFi and kind of yield bearing opportunities have evolved, and why now
we're seeing a really big demand for sustainable, yield offerings you know true or real yield
um that exists on chain so so i guess um luke and and and justin a question to you guys kind of
how have you seen that evolution and you know why now why are we seeing that sustainable yield is
really becoming um you know not just an, but really a design requirement for both protocols
and users alike.
Yeah, I'm happy to start from the Morpho side.
So I would say historically, DeFi has been an engine for transforming speculative fervor
for transforming speculative fervor into yield.
into yield.
And so high yield historically in DeFi
has purely been downstream of speculation,
even if you think about sort of the base yield rate
in DeFi being a three-month basis, right?
So long spot, short futures,
there needs to be speculation of PERP funding rates and futures rates to
basically fuel that basis trade. And Athena and others obviously created products and distributed
those products into the DeFi yield environment to democratize the basis trade at the same time you also had trad fi coming in in size to do this
trade on regulated venues with um you know blackrock bitcoin etf as collateral and then
um short futures on the cme so this trade basically got farmed to zero at the same time that
a lot of the speculation in crypto has sort of died down, I would say.
And so what we're left with is a really exciting environment, but one that's much less speculative.
I would say people today are much more focused on the adoption of stable coins, the tokenization
of assets, and other real-world impactful use cases for crypto
as a better back-end technology for finance.
And so that sort of lends itself to less of the points farming,
although I think there's still a place for these types of things,
and more for things like low-risk DeFi,
for loan originations and lending use cases against high quality liquid collateral.
And so that just lends itself to a different yield profile than a pool two farm from 2020.
And so that's where we're at today. I think it's equally as exciting. The yields might not be as
eye popping, but there's still a lot to be excited about. The yields might not be as eye-popping, but
there's still a lot to be excited about. And then that's where we sort of get into, okay,
how can we engineer a better yield environment for productive DeFi as it exists today? And that's
kind of what we're focused on with the Morpho Katana partnership and a lot of what we've built
thus far. Yeah, I'll just kind of follow up on that too. Luke, I think you hit on
a lot of things that obviously that both us, Morpho and Katana are working towards and are
passionate about. But I think you're right. There's just a trend in the space now. This
isn't DeFi summer. This isn't 2020. I think, you know, there was a time where, you know, if you were
really looking to bootstrap a protocol, and it still works today is, you know, you give your
projects token to boost the yield to incentivize users to deposit. And that kind of gets the gear
spinning. And you can kind of figure out if you have product market fit. But the issue with that is you're attracting mercenary capital, right?
You're attracting capital that is only there to get the token and then dump it on the open market.
And it's not really sustainable and it's not really a true, you know, it doesn't really mean that you have product market fit.
And so that's one of the
things that we really try to address on the Katana side is how do we make real sustainable yield?
And how do we bake that into the infrastructure and architecture of our blockchain? You know,
we still, I mean, yes, we are giving cat tokens to people right now through a liquidity mining campaign.
But we've got other revenue streams that we're using to boost yield so that over time we can reduce the reliance of the cat tokens. another reason people who come in with mercenary capital to get that, you know, get a token and dump it is because, you know, there's no true utility for that token as well, which is also
something that we tried to address. So I talked about Vault Bridge a little bit earlier, but I'll
touch on it again real quick, right? Like assets in the bridge earn yield on Ethereum. And then we use that yield to boost the returns that users get by deploying in
DeFi on Katana. It's like a perpetually funded liquidity mining campaign that gives you real
yield. If we're earning USDC in the vault bridge, we're boosting yields with USDC.
If we're earning USDT in the vault bridge, we're boosting yields with USDT
with CAT on top of that as well. We also have a good partnership with Agora AUSD where
the off-chain US treasuries that are backing the AUSD token, a strong majority of that goes to
Katana, which we then use to boost yield for users on the chain. Sequencer fees are
something that's really big for layer twos. We've got to pay sequencer fees to settle transactions,
but then anything in excess of that, we put into something called chain owned liquidity,
which is assets that are managed by the Katana foundation on the chain deployed into DeFi.
And that also helps to reduce our reliance on mercenary liquidity long-term.
It provides like a base layer of liquidity within the ecosystem to help with just market volatility and things like that.
But to really address your question, yeah, times are changing.
I'll address your question. Yeah, times are changing. People are waking up to the emptiness of pure token incentives to bootstrap projects or chains. And we know that we need to provide something a little bit more tangible.
that keep the chain running in the way that we have,
is to address and kind of skate to where the puck is going,
so to speak, in hockey terms.
Nice. Thanks, guys.
Love you. You brought in the hockey analogy.
I'm really interested in the kind of the unique advantages of the Katana flywheel.
I think you broke down kind of several of the elements that are relating to
to sequence of fees, partner revenue recycling, etc.
For somebody getting started with Katana and wanting to learn more about this,
what's the best way for them to kind of dig in, get their head around it?
You guys have, you know, educational material
and stuff like that for folks to get started.
Yeah, absolutely.
I would say probably our blog is the best,
you know, our developer docs, A,
always a great resource.
And then our blog talks about these
in a little bit more in depth as well.
That's typically where I direct
people. The DeFi Llama research team has put together two incredible research reports. One,
just on the Katana DeFi flywheel in general, and two, on our VCAT tokenomics, the economics and tokenomics of our VCAT model, CAT essentially.
And I could talk about VCAT a little bit more later too. But I would say as far as places to go,
join our Telegram, join our Discord, ask questions. We got a lot of people there to help,
read our blog posts, read our developer docs. We've got a lot going on in a very short amount of time. And those,
those are probably the best places to stay up to date and our,
in our Twitter account, of course. Awesome. Thanks.
Luke coming back to you. I wonder if, um,
if you can maybe elaborate a little bit and break it down for folks, I,
I guess the ways in which,pho really improves on, I guess,
traditional lending models and the types of opportunities that users are exposed to that Morpho.
Yeah, absolutely. So just to outline a bit of the history of the protocol, Morpho was started about three years ago, and first began as an optimizer on top of on those lending markets with, you know, call it $3 billion worth of TVL,
was that these weren't built to scale according to the way that lending markets work in traditional finance.
And so the team rebuilt lending markets from scratch with
Morpho Blue. And that was the first iteration of Morpho's own lending protocol where there's a
base layer of Morpho markets. And today there are thousands of different Morpho markets. If you go
onto the Morpho web app and you click the markets tab,
you can infinite scroll for what feels like hours on end
and look at all the different markets that have been deployed.
And those are just the ones that are whitelisted on the front end, right?
The way to, I should say, the beauty of Morpho is that it is open,
it is permissionless, and markets are immutable.
However, there's no cross-contamination of risk across individual markets.
Each is isolated.
So for every market on Morpho, there's one collateral asset, one loan asset, and then a certain risk parameter around the liquidation loan-to-value rate and the Oracle configuration.
So each market is isolated in and of itself.
And what that allows for is no cross-contamination of pooled risk.
Whereas if you're a lender or a borrower in another pooled monolithic lending protocol,
or a borrower in another pooled monolithic lending protocol, you're going to be subject
to all of the risk in that instance of the protocol. With Morpho, you're isolated to the
market level. So the markets are basically this point of coordination between borrowers on the
one side and then depositors who are actually depositing into
vaults. So vaults sit a layer above the markets and are managed by what we call risk curators,
some of the largest being Steakhouse and Gauntlet today, both of whom are very active on Katana.
And this effectively solves a lot of the coordination problem because if you have
thousands of different markets, how do lenders know which
ones to supply capital into? And so the curators basically own that function and they do it with
Morpho vaults. Morpho vaults are non-custodial and so we don't call it asset management, we call it
asset and vault curation because it is fully non-custodial for users.
And so that is where the deposits get aggregated and they flow into these vaults.
The difference for an average lender on Morpho is you actually have different options for each asset.
So you can self-select for any expression of the risk curve.
and self-select for any expression of the risk curve.
You can go for the safest and most conservative lending opportunities in DeFi.
If you want to see what this looks like visually,
you can go to knowyourrisk.info and pull this up
where the most conservative DeFi lending opportunities are on Morpho.
However, you'll also have sort of like mid-curve
and more higher-yielding lending opportunities
as well as more risk-seeking lending opportunities.
And so users or distributors like OKEx
can self-select for the expression of the risk curve
that best meets their needs.
And that flexibility allows for
really the most optimal user experience for any individual lender or group of lenders that are
interacting with the protocol it also allows for um the underwriting of new new opportunities right
so the long tail of assets that are coming on chain,
you have this large group of curators active on Morpho today. Most recently, we've announced
Bitwise, which is a $15 billion traditional asset management firm that is one of the leading
firms within the digital assets space. We've also announced Apollo recently. So very large
traditional asset manager with call it a trillion dollars of AUM.
All of these types of players are coming on to be curators on Morpho.
And so you're starting to get this more robust, diverse mix of managers who are entering the vault curation space.
And that gives a lot of optionality for users. You're not locked into one specific risk manager,
and you're not subject to the governance risk
that you would be on other protocols.
We actually saw an example of this yesterday on Aave.
There was an Oracle update that was pushed
downstream of some bad code at the smart contract level
that caused $27 million of liquidations for wrapped ETH borrowers on the protocol.
And with Morpho markets, this is impossible.
The markets themselves are immutable.
Any changes that are made at the vault level are subject to a time lock.
and users would be made aware of those changes.
And users would be made aware of those changes.
And so the protocol has been designed at this way
to basically take out all of the governance risk
that's present in other protocols
and then abstract the economic risk to the curator level
and allow users to determine their risk preference
users to determine you know their risk preference and their curator preference accordingly
and their curator preference accordingly.
awesome thanks thanks for breaking that down and a great shout out with the with the site you guys
have built the other comparator tool um i want to i want to turn back to um to the collaboration
between okay xmorpho and katana uh if i may. And I think, you know, people may be wondering, like,
when we're talking about true, you know, DeFi and on-chain yield
and innovations that you guys are pushing,
why is a centralized exchange involved in this, right?
It kind of begs the question.
The obvious answer is, well, OKEx has a distribution network to millions of crypto-native users
for whom this kind of thing is very, very interesting.
But actually, if we take a step back, I think that kind of the on-chain ecosystem
is really in our DNA.
If you go on OKEx's founders, X profile stuff,
you'll see, I think his bio says something like,
make everything on-chain, self-custody is the future,
crypto will eat the world, something along those lines.
So it really is in our DNA.
And I think we kind of walk the walk.
If you look at, on the self-custodial side,
the OKEx wallet, kind of the feature richness
and functionality that's built out there
is really impressive.
Where we're seeing a lot of innovation now,
and this is really based on user demand
and what our centralized
exchange users are telling us, is that those lines between centralized exchange and decentralized
experiences are somewhat coming together or blurring, right? We're calling this CDFI,
and it kind of comes to life in a few different ways.
One of those ways is that in some markets around the world,
our centralized exchange users are now able to access
markets for decentralized tokens.
So if you're using OKEx in certain jurisdictions,
centralized app, you'll be able to access
almost any token on EVM networks or on Solano.
And we actually open a self-custodial wallet within the centralized exchange app for you.
So this is pretty unique.
And as I said, it's really coming from the demand.
It's driven by the demand from what our centralized exchange is telling us.
They want access to new markets.
The same goes for yield based or earned products.
And on-chain earn is an increasingly popular product
within the centralized exchange app.
I wonder, Justin Lee, if you can maybe break down
a little bit kind of what the benefits are
for people interacting with
on-chain earned via OKEx app versus you know going directly to a protocol or an app built by a
protocol yeah so as Sam has mentioned we really see CD5 as the future and so on-chain earned
as the future.
And so on-chain earn, I believe,
is the lowest friction entry point
into Katana and Morpho for OKEx users.
There's no bridging, no wallet setup,
no smart contract interaction required from the users.
And so users can gain exposure to KAT
by just holding USDT and depositing it into on-chain earn.
We've got three seasons of campaigns coming up.
The first one is already underway.
That's running from the 3rd of March to the 17th.
We have reached the cap for this campaign, but from the March, from this 18th of march down to 18th of april there'll be a second
season of uh kat rewards up for grabs with the same usdt deposit mechanism and we have more planned
out as well so um for okx users this presents a very exciting opportunity to dip their toes into DeFi and get to learn more about Morpho and Katana.
Awesome. Thanks, Justin.
Cool, guys. I think probably last question to Luke and Justin would be, I guess, looking ahead,
looking ahead at your product roadmaps or events
or anything you really wanna highlight
from your ecosystems that you think
the audience should be aware of.
Yeah, Luke, maybe you can start.
Yes, sure.
In terms of events,
I personally will be at Digital Asset Summit in New York later this month.
The broader Morpho team will be out in full force
in Cannes for ECC,
where we'll be hosting,
I believe it's the second Vault Summit,
but this has proven to be a super popular event within the industry,
and so we're really excited for this.
Tons of great speakers, tons of attendance.
So look out for Vault Summit if you're heading to ETHCC.
And then in terms of the protocol roadmap,
we are extremely excited about what has previously been called Morpho V2, but there is a new name for our fixed rate protocol.
And so this is an extension of Morpho markets, which today are purely variable rate lending markets.
But the engineering team has obviously been building what is going to be the
premier fixed rate protocol in all of DeFi. And that is set to launch within the second quarter
of 2026. So some alpha there. But outside of that, it's really just continuing to
But outside of that, it's really just continuing to close large integrations with various partners and continuing to build up liquidity as well as active loans across Morpho,, we've been doing quite nicely to start the year. So
more of the same on that front.
Great. And just, Justin, same questions. Yeah. Yeah. And on my side, you know, we've,
on my side,
we've got TGE coming up.
we don't have a specific date,
that we can share right now.
but it is coming soon.
We have a big announcement,
today that will be coming out.
So go ahead and follow the Katana handle and put on your notifications.
we've got,
from the app standpoint, right, the Katana web app,
the mobile app is on our roadmap too.
A little bit longer further out probably,
but that's something that we want to focus on.
And right now, you know, we've surfaced
some yield earning opportunities
through Morpho and Yearn vaults.
But we also want to do like ALM vaults through Charmfy, you know,
and right now you can swap on the app, but like, you know,
we want people to be able to like provide liquidity in a DEX as well through
the app and really just make it the one place you need to go to at Katana.
Like the DeFi super app is really what we want that to be. And I'll talk a little
bit just very briefly about cat tokenomics, because, you know, I talked earlier about,
you know, one of the reasons that people farm these governance tokens and then dump them is
because they don't have any real utility. But with Katana, these tokens do have utility because you can stake those tokens and then you get to decide where future CAT tokens go, like which markets and which projects they support.
And then you get to earn a portion of the fee that that market or protocol generates.
And if anyone's familiar with VE Tokenomics, which is popularized by Solidly, Curb, Aerodrome, Velodrome, we're doing that.
But instead of it just for a protocol, we're doing it at the chain level where you can direct emissions.
Long term, we'll have it to any DeFi project on the chain, and then you get to earn based on your votes.
And it's a really unique mechanism that no one else has tried before on the chain level. And it's a very
important part of our flywheel. So we're working very hard in getting that out as well. And we
also have questing on our app. So adding new quests for users to explore the ecosystem as well
is something that we're focusing on.
We will be at DAS.
We will be at ECC.
Come find us.
Check us out.
And then we will, yeah, excited.
We got a lot on the roadmap.
Thanks so much, Justin.
Guys, guys, thank you so much for coming on.
I hope we covered all bases.
Before we do close out, I just want to check,
is there anything that we didn't talk about
that you really want to share
that you feel the community should know about?
Or are you happy that you feel we covered most bases?
I feel like it was covered.
That's a great a great host.
Also, three Justins in this chat.
We need to start a Justin Dow.
We'll get a token.
You heard it here first.
That was real alpha.
Yeah, I like to ask that question just because, yeah, you know,
sometimes there might be something burning that we didn't touch on,
but it sounds like we covered the bases.
I will just, before we close out,
share a little bit about what's happening at OKEx.
There is a lot going on.
I think the main theme beyond, you know,
some of the great work that's happening with on-chain
at the moment is obviously in the AI space.
And we're really viewing this as a highly disruptive moment, I guess, not just to the
finance industry, but beyond that, right?
Two main things, I think, to be aware of
in terms of what we're deploying at the moment.
One is, I guess, an infrastructure layer for agents.
So for both our centralized exchange
and for decentralized ecosystem,
we're building out quite a lot of,
I guess, developer toolkits is the way to view it, right?
On the Exchange side, we just deployed yesterday something called Agent Trade Kit, which enables
agents to access the full product suite on OKEx Exchange, including things like futures, options,
and Interact there using natural language. On the flip side, on the DeFi side,
we've launched a whole product suite called OnChainOS.
This brings together things like our DEX API,
markets, wallet APIs with new AI infra.
So there is MCP and skills and CLI functionality.
So if you guys, anyone on the call There is MCP and skills and CLI functionality.
So if you guys, anyone on the call is a bit more technical,
is really looking to, I guess, move their own setup forward or is building something,
all of this infra is free to use and available to plug into.
It's more or less plug or play.
Obviously, the install code and setups are all available online.
Then on the, I guess, the native AI side,
so this is experiences within OKEx apps,
we've got some big news dropping this week.
I think I'm actually okay to share that we're going to be deploying
an agentic wallet on the on-chain side that will go live next week.
So do look out for it.
I think a big part of our philosophy is to make the technology that OKEx has built and
deployed at scale and has kind of been battle-tested to make that available to builders, developers,
vibe coders, people who are doing stuff like algo trading.
So yeah, check it out. I think okx.web3.com forward slash onchainOS
for the DeFi side of stuff
and Agent Trade Kit for the centralized exchange ASF.
Guys, it was a pleasure.
Thank you so much for joining.
Do look out, share with your friends and groups
about the upcoming campaigns that this Tripati is
deploying over the next few weeks. Katana team, good luck with everything you've got ahead
over the next few weeks and months. I know there's some big milestones coming up. And Luke, thanks
again for joining us. It's really great to learn a lot more about everything that's going on at Morpho.
GM, thanks, you guys.
Have a great one.
Thank you, guys.
Bye. Thank you.