Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Hey guys, how's it going?
All right, can you guys hang on?
Hey, can you hear me okay?
We can't hear you, but we, um, I see you talking.
I can hear Sir Poops a lot.
Looks like he's having trouble with his mic.
Yeah, we can all hear him except August.
Yeah. Yeah, we can all hear him except August.
Oh, no worries. We've got the whole crew here.
So gather round, degenerates and de-gens
Welcome to the X-Space where the charts are green,
the bags are heavy, and essential dread is optional.
And I'm your humble host, Sir Poops-A-Lot.
And joining me today is the woman, the myth,
the legend, August Wayne, aka Stop Loss Wayne. How's it going? Good, good. How you doing?
Pretty good. Not too bad. Perfect. It's a great day to be good. It's a great day because
let's go head first into the trenches within the Bureau ecosystem
without you knowing, actually diving into the space.
So as a strict rule, let's just go into this.
So we're going to go ahead and just deep dive into this.
So what are you expecting?
So how do you feel after this exciting moment?
This is super great that we have the block party going on.
How do you feel about this?
Because I'm going through the roof about this.
You know what, Suprips, a lot.
It was just last spring when Unique first started tinkering with Nibiru EVM.
And now we're finally here.
EVM is live and Nibiru supports both Wasm and EVM execution environments.
So really what this means is like the door is wide open for new users
and deep liquidity to flow in.
So I'm pretty excited about that.
And what's really got me hyped is the apps.
The curation was so thoughtful.
These aren't just like any apps, you know, picked and like thrown in a blender.
But instead, BD and Gabe, our strategy and ops guy, you know, really just picked apps that are designed to work together to build an ecosystem centered around sustainable high yield.
So really excited about that.
So before we unleash the full force of our combined intellect of this topic ahead,
a quick housekeeping note. There is three Anunnakes in the Blossom
program that I want to give a shout out. August, you know, you want to say the first two?
It's Wetbra and Creed, yeah?
It's Wetbra and Creed, yeah?
Yeah, they've been here for a while now.
And these guys are always holding it down for the community.
And also we have Musty also.
Because Musty is basically going for my job.
That guy is posting like every single minute of the day.
He's shouting out in the bureau like no other.
So I'll give a shout out to
musty i see you over there musty cyber so give a clap out there
perfect perfect and perhaps one of the things uh the information of our sources right here want to
uh uh i usually go into this whole thing about the uh what's it called the you know the
unchanged space where where i talk about this the dreads and crypto but today it's not this time of
dread so i have i have questions to ask and i know you have questions to ask and we all have questions
because you know why why wouldn't we so there's these things yeah We want to introduce the team first.
Give a clap out for, oh, not Nibiru.
August, you want to introduce anybody else?
Let's see who's in the chat.
Oh, you know, I want to give a clap out to some of the people who are building on our chain.
I saw Blue here from Stargate.
Thank you guys for joining.
Sai as well, our Nibiru's native Perpetuals Exchange.
What's up guys all right so
here we go we're gonna go ahead and talk about something uh that we are we are uh curious about
we're curious about aura can you can you can you go over that really quick for all of us who are new to this concept?
So I know it was a TikTok thing, right?
So Brandon, what is Aura and what was the inspo for that name?
Yeah, actually, and what's up, guys?
Glad to be back on Xspace.
Actually, I think the name was conceived by Unique.
I know Unique loves watching a lot of memes and content on both X, TikTok, etc.
I mean, Aura Maxing in itself, the term is like Aura Farming, where essentially like,
well, what's a good example?
I think the Will Smith example is really helpful, right?
Where a random person walks by Will, pretends to drop like a piece of paper, Will picks
it up and like taps him on his shoulder.
And then the guy's like asking, or he like ends up signing the piece of paper, right?
So that's kind of like an example of the Aura Maxura maxing or a farming, um, Gen Z, you
It'll, it'll help, um, kind of explain what it means.
But, um, you know, I think we wanted to call it something that wasn't necessarily around
Um, everyone's using the concept of points um we wanted to
spice it up a little thing a little bit so that's where aura came up um and about and uh excited
for you guys um to start aura farming and uh you know happy to go deeper into what the blog party is going to be about.
Yeah, like normally Aura is,
it basically just refers to how cool somebody is.
like I don't use TikTok or anything,
but I happen to just know you see a lot of that stuff on the internet it's basically like it's common like if
characters they might not even be that strong and like a TV show or whatever
but they just like posture like whether their cape is like flying in the wind
and they look all all sick right they would say they're like farming or whatever. Awesome.
How about a wig and sunglasses?
Does that make my aura pretty good?
Yeah, a straight-faced Kanye West with a wig is a... That's pretty strong aura, bro.
Do I look like Kanye West?
Your PMP shirt is literally awesome well now i know i got my
oral points up there all right so i got another question for you um so when the win page progress
bar hit 100 your state along with the announcement of the block party launch what is the block party and what does this mean for Nibiru
yeah so it's a large liquidity campaign basically that structures not just having the infrastructure
there on the chain from doing the upgrade because it you know we did that several months ago but
actually a lot of the usable applications in place for people to start really getting
their hands dirty with the DeFi ecosystem on Nibiru.
So the main thing there is, just to understand more of the thought process, is like after
you upgrade a chain to support something like EVM in our case, that doesn't really mean
it's necessarily at its like full potential or full usability, right?
Because you need things like bridges and DEXs and just a lot more things you can actually do on the chain.
So part of that was to just make sure that the guides are out,
people know how to use those things, and one that they know about them,
but also that there's a sort of structure to try to drive more long-term usage,
right? And so that's really what the progress bar was for, is like talking about a lot of the other
applications launching on top of the chain. And then the block party is, you know, adding that
structure there so people know what missions to do. And there's a sort of scoring system for,
There's a sort of scoring system for, you know, using different apps.
Perfect. Thank you for that.
And what are some of the challenges the team face from building the VRE VM to launching the block party unique?
Sure. So there's all sorts of challenges. I guess one would be like coordinating, you know,
like a dozen plus teams to do something at the same time, I would say.
That would be like, because it's very difficult to kind of corral a lot of,
like it's one thing to do stuff for your own team,
but for like a bunch of different teams
to have them all do something together is really challenging.
But yeah, I mean're probably um but yeah i mean there's probably like random i have a different answer or maybe the same thing yeah you have no idea how difficult
it's been to coordinate getting people to launch on time you give you know specific dates they don't
you know i love all our partners at the end of the day.
this space in terms of development is quite small.
So at the end of the day, these are our partners.
And of course, we'll go deeper into how the seasons are going to operate.
Um, but yeah, nonetheless, happy to, uh, happy to have them on board and happy for them, you know, to start getting traction usage.
Like you said, it's, it feels just like a solo thing.
If you get this only Nibiru with nobody else, then yeah, get those deadlines.
But then again, like again, you got all these different projects all at once it's kind of hard to harness all the the scheduling just to make sure it's like okay we gotta get on this date
officially which is again pulling your hair kind of moments brandon what was like the thought process behind selecting apps for season one?
So we looked at a few things.
You know, you look at your typical user journey when it comes to what type of apps you'd want to see.
You know, the first obviously being the core Stargate,
which allowed users to be able to bring over,
you know, a variety of assets.
We also have Tether on the chain.
And that wouldn't really have been possible without Stargate.
So obviously very core infrastructure to be able to bring that.
Also, NeatE is an OFT token.
And I think Unique will go a bit deeper into that
and can kind of outline the benefits of being an OFT.
OkuTrade, of course, with the Uniswap V3 contracts, meaning Nibi will be visible on apps like Uniswap, the biggest decks in crypto.
So that's obviously a major plus for us, meaning the rails into Nibiru's ecosystem is way more streamlined versus you know
um not being on uniswap so that's very important um element is in nft marketplace more prominently
on bnb chain but um we're excited to work with that team um we have a few projects um from the
community that have been you know working on their own NFT projects and plan to do a free mint in the given future.
And of course, if there is time, August can kind of go very quickly on the Genesis collection that we have planned for Nibiru.
and you know apps like bracket and PRDT which are you know prediction markets that kind of based on
things like current events sports and you know price predictions on various assets so
a lot of these apps were curated just to try to give a variety of different utility there's also
of course like MimSwap, Abracadabra and Lairbank right so big set of DeFi apps to kind of go along well
with our structured product ethos,
products like Omni and Gamak, right?
That allow you to be a little bit more degen
and to be a bit more like, you know,
narrowing down on specific assets
that you think might have like 100X,
I would love to learn more about how OFTs fit into our overall ecosystem
strategy with the focus on structured products.
Are you planning on bringing more yield bearing tokens to Nibiru to support
Yeah. bearing tokens to Nibiru to support that vision? Yeah, so they're key because an OFT is basically a multi-chain
So largely it's just for EVMs, but that's mostly what we need.
And essentially that'll be the main way to bring over
if there's already a yield token or principal token, anything that bears
interest to give passive yield, whether that's for short-term treasuries or if it comes from
other types of protocols that already exist on Ethereum and other places, or if we want to bring
over new tokens created on Nibiru to be accessible on other chains, the OFT standard
is pretty crucial there. So right, having Nibi able to be accessed on other chains is a good
first step, but also a lot of the big reason is to bring things over to Nibiru as well so that
they can be on lending markets and then, you know, play into the rest of our applications.
on lending markets and then, you know,
play into the rest of our applications.
Right, Layer Zero and Stargate are such
like crucial applications to our ecosystem.
You know, it truly just allows people
to access our ecosystem, bring in liquidity, so.
And I have a question for Brandon.
Block Party has been live for just about 24 hours.
So far, which apps are you seeing the most user activity?
So actually, so the bridging task has, you know,
a strong amount of participants.
We have a ton of guides just on how users can you know navigate the EDM from like swapping
USDC to Nibi from like buying Nibi to sending it to the Nibiru web app a lot of guides and
resources which were you know kind of incentivizing there I think we're seeing a lot of activity on
the prediction market side,
So both on Bracket and PRDT.
So people utilizing those apps, making some bets.
And then actually, surprisingly, we've had about 200 plus or so folks claim their Aura points
So pretty exciting to see you know that uh that
conversion expect to see a lot more as we you know start ramping up the merkel missions which
um a little bit alpha just went live on merkel's front end like literally like 10 minutes ago so
and we could kind of speak on the the leaderboard as well a bit more in depth as well but
um participation is looking great and um um you know expect this to kind of scale up as we kind
of ramp into a weekend oh yeah for sure it's only the beginning dude so yeah you're gonna see a lot
of changes uh unique uh what's like the ultimate goal of BlockParty? What does success look like for the team?
Yeah, so one is to see growth of TVL in different apps where that's relevant.
Another would be making sure that at least for the early applications that are already live,
we drive a lot of usage to them.
And also that it sort of brings a lot of that app store sort of feel
that there's discovery for new applications that launch on top,
and then also that we're able to get user feedback.
Probably another aspect I'd say is that
anytime you're structuring an incentive that's going to be, or a campaign for incentives, we're able to get like user feedback. Probably another aspect I'd say is that
anytime you're structuring an incentive that's going to be,
or a campaign for incentives,
preventing things like Sibyl and others.
And so we put a lot of thought into the design for that as well
to basically make it kind of impossible to do that.
So a lot of it essentially is just,
essentially the core fundamentals of the chain
so you should see like transaction counts like active liquidity probably volume those are the
the sort of metrics i mean obviously we'll see like active volets go up as well but a lot of the
core stuff you care about anyway just seeing those fundamentals go up a lot and like persist over multiple months
so the first season obviously would should be like um well there's the the smallest number
of things to use so we'll see even in like come season two we probably can have even more stuff
stuff. Oh, looking forward to that one for sure. And Brandon, okay, we're going to talk about
oh looking forward to that one for sure
Aura. What is Aura and what's the purpose? What purpose does it serve in the block party?
And what kind of tasks can users complete and which one of the best maximizing Aura rewards?
which one of the best maximizing aura rewards yeah thanks sir poops a lot for the question
um i think of course uh we've already discussed kind of the intent behind aura
the contextual background of what aura like came about but aura is really your your ticket into
and your identifier of how your progress is during the block party,
which, you know, of course, block parties can be a multi-season-based campaign
that tracks your activity on Nibiru, right?
So what do we look at here?
Look at things like off-chain activity.
So whether it's, you know, as basic as social tasks
to potentially even utilizing very core functions of an app, which can be categorized as on-chain.
Now, I would say some of these missions are going to be important.
We'll be looking at things like Bracket, PRDT, and you actually utilizing the apps.
We're not really incentivizing the social tasks as much.
We're giving a point, I believe for very basic uh tasks like that of course we're also incentivizing bridging which is on chain um
and you know the user would need to um qualify meaning um and the process of qualifying for it
would be you know like you're bridging from like let's say ethereum you're bridging wheat to nibiru right so wheat would live on top of nibiru uh you're bridging that via stargate um
you'll be able to qualify for you know the bridge points now to maximize your aura and to really
aura farm is going to be via the numerical that's where a lot of the points are going to live. And of course, a lot of those
missions are curated around real usage. And the system that Merkle has set up to track real
liquidity that's being properly utilized, is active, not in inactive ranges, is what's going
to really drive a lot of the incentives towards, you know, capital that's deployed in those means.
So the Merkle missions just went live on Merkle's front end.
I believe we've already posted a link to Merkle.
But again, we will do that.
I think either August or Sir Poops a lot can pin that in the chat here.
We've also launched our leaderboard.
So it's going to be in the web app, app.nibiru.fi slash aura.
You'll be able to access some critical missions there,
be able to track real-time your points from Merkle.
Keep in mind, this is only tracking from Merkle on the dashboard.
But in Galaxy, you can track your points via Galaxy's UI so
you know again we are working with these two providers
Galaxy for you know more brand awareness but also
just to give exposure to these apps and then Merkle was more
so for the usage of these apps so
Hopefully that answered your question.
I also just want to add that, you know,
unlike Galaxy Tasks, which, you know,
typically you just get rewarded at one point
for completing a mission with the Merkle Tasks,
you actually scale the Aura point scale
based on how much liquidity you add for how long.
So really there's no cap in terms of how much Aura you can earn.
So yeah, when you put liquidity into a pool for longer and if it's over 90 plus days,
you actually qualify for a 3.5 multiplier.
So just a little tip for you guys out there
Merkle is the place to be.
So with Merkle, you know,
there are on-chain missions
that include both concentrated
and general liquidity pools.
For just users who are new to liquidity provisioning,
what's the difference between the two?
Yeah, so that refers to, for example, like Oku launches Uniswap v3 pools. So if you have
concentrated liquidity is when you can deploy between specific ranges. And so on concentrated
pools, it's also factoring into if the liquidity that's deployed is active.
Because otherwise you have this issue of someone goes, deposits liquidity in a price range that's way, way off from what's traded.
Like basically the liquidity is there, but it'll never be touched because it's inactive in the pool.
liquidity is there but it'll never be touched because it's inactive in the pool and it would
be bad if that was considered equivalent to if somebody has like real liquidity that's contributing
towards swap volume um so the the there's not really from a user perspective like actually
depositing stuff it there's not really much of a difference besides just that it needs to be like a a real
lp position that's like covering the price boundary not just like deployed on the sides
and then for general that's just talking about um most other liquidity is all like indefi
structured based on like the lp token model so you can think of it similar to how lending markets work
or Uniswap V2 pools where you can essentially just look at LP tokens as shares
and then say how much are those worth in the base denominations
and then from there compute what's the dollar value of what's deposited.
And then that's essentially like the main scoring thing to keep it simple across like different protocols and different
tokens is look at essentially deduce the dollar value of the position that's produced and then
if it's concentrated see if it's active as well but yeah so that but the the main thing difference
there is like um people don't really need to know
a lot of that. It's more just if it's an organic LP position mentioned on Merkle,
then they should be good to go. Gotcha. Great. Thanks for the explanation.
Brandon, I would like to take a moment for you to just break down how do seasons work?
Yeah, so seasons will typically operate in 30-day increments.
So season one obviously just started yesterday, but we're expecting season one to end.
I need to look at my calendar.
I don't know the exact date.
It's on the Aura dashboard.
If you guys take a look at the link,
you'll give like the specific expiration dates.
So typically it will be for 30 days of which after that,
the claims process will occur.
So you'll be able to convert, you know,
your Aura points for rewards.
And that'll occur via through Galaxy's UI.
We'll provide all those instructions closer to the upcoming claims for the first season.
Typically, that process would take about five to seven days.
Once that concludes, we will then move on to the next season.
So very quick and not insanely long seasons.
And of course, you know, this could be subject to change depending on
how we kind of view the utilization of the seasons. Depending on user feedback,
we can always kind of play around with it as well. But I think the month-long increments
gives people enough time to try out a lot of the apps that we've highlighted,
but also in follow-up seasons gives us the opportunity to highlight any new integration that goes live and that wants to be incentivized and that we think will be like a hard hitter.
So season two, for example, is going to have several more structured product-based apps that we're pretty excited about and that are in process of doing their integration, specifically projects around Bitcoin yield.
So just a little bit of alpha there, which is pretty sick to see Bitcoin liquidity flowing
And we're going to see some strong Bitcoin liquidity in the coming season.
I would have to say I'm pretty excited for some of the apps that are going to be introduced during Season 2.
So given that we have two campaigns, one on Merkle and one on Galaxy, what's the best way for users to track Aura?
Yes, a few ways. Of course, if you're doing tasks on Galaxy, continue to track your points there.
Merkle, on the other hand, we do have a dedicated dashboard, like I said, and gave the link to app.nibiru.fi slash Aura.
A-U-R-A is how you spell Aura.
We created a dashboard that will track pull from Merkle's APIs to be able to track points around your liquidity deposits.
And, you know, they pull it from the pool level, so it's very precise.
So I would say that that's the best way to track your Aura.
Was there anything else you guys wanted to add about Aura specifically?
Or any tips for farmers? Like, for example, guys, do not use any other wallet except for EVM wallet.
I think that's a pretty important feedback for sure. Yeah, I think to reiterate, this campaign is EVM focused. So I know a lot of folks here also have used the Kepler wallet. We do have guides around how to send your WasmNib over to the EVM side.
We can also pin that as resources, but we'll also put, we also have an FAQ on the Aura dashboard, and we will make sure to also have those guides there.
Great. And how can users get started with Merkle and Galaxy? I see folks trickling in, so we get to highlight that one more time.
i like that one more time
yeah so let me see if it's pinned in our comments um either we'll actually just push
yeah we'll we'll push the urls again um we'll we'll likely tweet the urls like almost every day
just to make sure people are aware of like you know this is where you do liquidity missions
this is where you do galaxy missions this is where you do galaxy
missions so we'll drop the links um if you guys haven't already started get started like don't
don't uh don't wait on the sidelines and get sidelined um and i would advise anyone that's
participating to just focus on using one wallet. You know, I know farmers, for example, they love
trying to split liquidity across different wallets and try to gain the system. We've kind of made it
intentional so that, you know, these are real authentic usage. And so it's probably in your
best interest just to focus on using one wallet. 100%. All right, guys, I'm dropping the links
to both campaigns right now in the chat
If not, you can always go to our profile
Alright guys, is there any final thoughts
On my side um it's you know everyone should be hyped this is our launch of all our apps
that are you know evm based we've been building this up for a long time um and i think you know
in the coming seasons as well you're going to see more and more apps that are really going to resonate well with our ethos and prioritM strategy and why we're so focused on, you know, bringing,
you know, multiple VMs to Nubiru and just like evangelizing for that. So
to our Anunnaki's that have been with us for many, many months, we really appreciate you guys for
sticking around and being incredibly supportive. And for those that, you know, haven't already,
you know, we do have the Blossom program for those that might know haven't already you know we do have the blossom program
for those that might be new make sure to apply um and you know either sir poops a lot or other
our other mods we'll review and see if there's a fit um so thank you to the anunnakis for the
consistent amounts of feedback um and uh yeah we look forward to uh getting you guys on
the next space and uh having another conversation we'll be doing more spaces as you know the season
progresses um just likely more spaces with some of our apps um and uh excited to uh see more and
I'm waiting for the next basis.
I got all the apps that we're going to talk about,
a little bit of trading stuff.
So that I would like to go over.
I think he might have had to drop.
I don't see him in here anymore.
He's a busy man. He's a busy man.
I know he's trying to make sure everything goes smooth.
Well, August, after we wrap up here,
if I had to give one piece of advice of our listeners,
how to maximize their ARA earnings.
What's the one thing you're most excited for to try out yourself for the block party?
My advice, don't just dabble.
Farm all the social ties.
Participate in the Merkle liquidity pools that are available
because the longer you provide liquidity and the longer you hold, the more aura you can get.
As for the quest, I am most excited to see some of the meme coins that spin out of it.
There's already quite a few already. And I'm also excited for us to launch our NFT collection.
We're hoping to launch it maybe end of this year or Q1 of next year.
So look out for that as well.
And there's also a huge surprise coming with our NFT collection.
I think there might be a Twitter lag.
So yeah, that's what I'm most excited for.
I think I only heard a little bit.
I think your walls cut off your connection.
Did anyone else hear me or was it just?
Oh, I heard nothing. You did? I heard nothing.
It's the Australian internet.
of the Australian internet
For example, if I mute myself, I can't hear anyone.
anyone. So I've been unmuted this whole time. Hey, we heard that. All right. Well, thank you
I've been unmuted this whole time.
guys for all joining. Thank you for being huge supporters of Nibiru. We all see you guys, Stefan, Creed, Tomite, Wetbra, which I love that name, by the way. It's hilarious.
CryptoCat, Musty, Unique as well.
Thank you guys for joining.