hello hello hello I was enjoying the music a little too much looks like we've
got everybody on stage already so a quick a quick connection that's always good
good way to start the space let's have a quick mic check starting maybe with Aziz
from Stoswap how are you doing today hey good man Travis can you hear me well
yes loud and clear nice to have you thanks you that you were taking the time
likewise and then Seiya from Starlay are you there
almost scared me a little there yes yes we can hear you nice to have you nice to
have you all right so it's gonna be a great space today we've got some pretty
cool guests we got it we got two guests today which is double the fun and today
we're talking mostly about dots and the recent dot unlock and all the possible
things you could do with your dot right now so for those who aren't too familiar
we just had our second crowd loan unlock so if you happen to partake in the
crowd loan there was about seven projects I believe let me see yes if you're part
of infinity composable finance centrifuge interlay nodal network Hydra DX your
doc should be returned to you automatically if you if you partook in
the crowd loan natively if you use the third party program or app be sure to
check that app out or third party program to make sure you get your dot
back and now with this dots that's been returned we're here to talk about all
the possible things you can do to kind of increase its efficiency put it to work
for you and that's why we have Stella swap and Starlay with us today so and
and the partnership that they've had with with a call it will speak on that
as well so to to kind of warm things up for those who who may be new here
or don't know about these platforms let's start with maybe Stella swap
disease could you tell us a brief introduction of Stella swap what what it
aims to provide users your accomplishments goals just everything
kind of wrapped up yeah sure thanks Travis thanks for having me and great to
be here so I'm always one of the co-founders of still swap the core
team so still stop is an EVM based hybrid decks on moonbeam right that with
the main objective of being on the shelling point of polka dot right so what
does a hybrid decks mean so it means like we have like a veto standard standard AMM
stable AMM and our recently our most recent AMM concentrated equity under the
hood that is powered by our own universal router which sort of like
finds the most optimal or low slippage route for trades right and this design
architecture allows us to really provide the most optimal experience for
users right for traders you get the access to the lowest lowest slippage
fees train fees right and for liquidity providers much more efficient capital
efficiency means much better capital utilization which means higher APR's
higher control on your risk reward ratio right so so we're I mean we're really
excited to show that we have the most comprehensive asset support for a native
polka dot assets you know supporting 11 profile routines and over like 44 farms
for anyone to choose from our co-propositions in a nutshell right what
you can expect to have one polka dot on a style of swap is that we have a fiat
on-ramp native bridge integrated you know we also have crushing swaps with the
first launch that that allows you to treat between networks in one click right
we also have a native axiom transfer right so all this feature really aims to
simplify the user on body into moonbeam and polka dot right and also we've
recently launched our own native liquid staking dot derivative they call SD dot
which is really a fuck off Lido really really proud to be the the main the
only decks on the Polkadot that reach over billion dollars in trading volume
so far and we're really proud to work with a lot of great things including a
Kayla to spearhead innovation and traction Wow thank you for the the big
rundown you guys are really covering all all angles and Dex's is definitely
something very important for define blockchain and it's very interesting to
see how it's continuously improving like you're saying that the different AMMs
that you guys have the fiat on-ramp I actually wasn't to I didn't know about
that that is something also very interesting and perhaps yeah we could
get a little more details about some of some of the exciting things going on
right now it looks like we were having some connection issues with say on
Starly so we're gonna work on that to try to get him back on so that he can
explain a little bit more about Starly and give a give a overview for those that
that may not know about it but since we still have you hears these I'm gonna
ask I noticed that you have a campaign going on called dots ignites could you
tell us more about dot ignite yeah sure a lot of those so dot ignite is
very similar to liquidity incentive campaign that we had last year called
Moonbeam ignite right so what is dot ignite it's a liquidity incentive program
with the aim of uniting the top LSD's on polka dot LSD's or LSD's means liquid
stick liquid stick derivative or liquid sticking tokens right so that is in
collaboration with a Kayla by frost and Moonbeam so all three LSD's right which
are a Kayla's L dot which we've given like cute nicknames right a Kayla's L dot
which is the pioneers right by frost by process V dot which is the omnichain
behemoth and the new kid on the block the latest LSD is SD dot right so dot ignite
campaign is basically a liquid instead liquidity incentive campaign that boost
all three LSD's their farms with glimmer ecosystem crunch on Moonbeam so so this
means that if you stick in any of the farms that contains any of the tree LSD's
you would earn liquidity mining incentive so so we conceptualize the
campaign as part of the second unlock event that saw 28 million of dot being
unlocked from the polka dot crowd loan that Travis you mentioned earlier right
exactly two years ago from the parachains like composable central
future may nodal and Hydra yeah right so based on that we wanted to bring all
this stuff LSD's together into a unified campaign powered by ecosystem grants
which would always bring a lot of traction and exposure right to people
right our aim is to actually generate traction for for the dot LSD's so new
users can really access this LSD's through an EVM friendly setting by
minimize right and familiar to themselves with ecosystem and whatever
utilities that you have and my button I think it's very important to bring
this up is that we wanted to really simplify dot LSD's to the masses right so
I mean going into context about why LSD's are very important right it's a
basically of abstraction because traditional POS sticking basically polka
dot is a proof of stick ecosystem right so traditional pure sticking versus
liquid sticking right in a traditional pure sticking if you want to be if you
want to do pure sticking traditionally right there is a lot of complex
requirements that you have which is not accessible which is not accessible to
many people but you have to have a stash account and born dot do it right you
have to nominate validators you have to monitor validators you know all these are
pretty complex challenges that only a few people understand right it requires
expert knowledge the the beauty about LSD's or liquid
staking it really simplifies the entire process right so you can do POS
staking earn a base rate of POS APR right by the same time do a lot of stuff
with that right because traditionally when you do POS staking your collateral
is bonded for set period of time if you want to withdraw you have to wait 28
days right but with LSD's or liquid stick tokens what you can do is that you
could supercharge it right and use the LSD to do to farm on Texas to
Glennon borrow on places like starling right so and that is the thing that we
want to introduce people towards and given that we are all working together
to increase adoption and brand awareness or exposure to what's poked up so this
is the campaign that we did in order to achieve that awesome thank you and
thank you for for giving insights on on on liquid staking tokens or liquid
staking derivatives as well and mentioning the the three major players
of course one of them being L dots you know a call those liquid staking token
for dots and it really shows that there are different players and and it's us
working together there's those that build the liquid staking protocols there's
those that kind of put them together in one place like Stella swap and run
campaigns to really increase exposure is written and then also with you guys
being hybrid it is it's just it's opening it up to more people more eyes
more investors more interest in the polka dot system and then we all end up
winning at the end of the day which is which is really cool so loving the dot
ignite I've pinned it in the Twitter space if you guys want to read through
it is also pinned on on Stella swaps X page but I think we have say yeah
back from Starlay say I can we do a little mic check see if you're back
potentially there's still some connectivity issues we're gonna figure
that out it's very common for Twitter space to have yes to have a little bit
of issues so we will keep chugging away something that was interested interesting
that is these mentioned was the accessibility of liquid staking tokens
and with not having to do the nomination pools the unstaking just the knowledge
needed to natively stake dot on a proof-of-state network can be pretty
tiresome and something about L dots is it's pretty cool it's almost one click
if you go to the a collar platform and go to the liquid staking tab you can
stake your dot directly to receive L dots we use some of the best validators in
the ecosystem we have quick unstaking fast and staking options and regular
unstaking options and of course you can use L dots in multiple platforms so
let's just Stella swap and Starlay so let me re-invite and so we're gonna
get a little bit more into that if that is something that you guys are
interested in that are holding dots we're gonna do another quick check say
yeah how are you doing today are we connected
okay so I was a disconnect there and
yeah okay picture having me perfect no thanks for coming back at technical
difficulties have been way too often in Twitter spaces hopefully Elon can get a
fix go in a hot fix so just for those that may not know much about Starlay can
you give us a brief overview of what the platform aims to provide users
hi everyone just my name is the Sayer CEO of Starlay and Starlay has been one of the largest lending
protocol within the political system operates on the a started book and we'll be
doing so this week or next week and Starlay is designed to empower users with
opportunity to enter some deposit and engage in liquidity prevention as well as
to go against their assets so our aim in Akara was started over to Akara users
high fees through the liquid staking token LST ecosystem and better user
experience with the process lending in Polkadot so now just a weird developing
liberal staking function involving LST and their underlying tokens for higher
years coming in L dot and dot and this liberal staking feature this you know
feature this uses convert assets from dot to L dot and use L dot as collateral to
borrow more dot and convert dot to L dot again again and doing the same process
repeatedly so this increases their staking leverage for L dot you know increase
their staking leverage reward for L dot so for this process it's a complex process
now user gonna do wanna do it so that's why just that we will introduce user
friendly dashboard for one click leverage L dot staking you know like
collateral L dot and borrowing dot repeating repeating and just we
provide the higher yield reward for L dot to users right now just yeah and then
initially just we are working on cross-chain lending and using XM and
allowing user to deposit on one chain and borrow another chain so yeah that is
enhancing our service this is you know we are planning to launch this feature
within this year and I'd expand data about the digital leverage staking
function the details you know there are the label staking function later yeah thanks
great awesome I said we've got some we've got some great opportunities here we
have a very efficient decks and then we have leverage staking so lots of
opportunities to do with your dot and your liquid staking token L dots
specifically so if you cut that with with the leverage staking you can use
your L dots or dot as collateral to borrow more dots or L dots and then
again lock it up and kind of go into a bit of a loop to kind of increase your
your leverage on staking to really maximize your rewards and of course we'll
we'll get into more details of that that's something really cool and I think
that's something slightly complex if you don't know the maths or the ways of
it and Starlay is making it a user-friendly one click to kind of
choose how basically how many loops you want to go through this like track and
that's a pretty cool stuff and then some extra features that you're speaking of
I'm sure we'll talk about quite shortly so Starlay is one of the newest
pools let's let's talk about a little bit into Euphrates so Euphrates or
Euphrates is an app that a call has launched to help with boosted liquid
staking and boosted while other other types of d5 functions Starlay is the
newest pool that got added to Euphrates and we have a dot pool and an L dot pool
if you want to check out Euphrates just go to farm.acala.network and you'll be
directed straight to it and taking a look at it now from the dot pool we
have about a 730 K TVL and then the L dot pool we have around 450 K TVL so
that's pretty impressive at about 1.1 million if my math one point one point
one seven million right now since the launch of the pool and since the dot
unlocks so pretty impressive say could you tell us maybe a little more of what
users can do after they've staked their dots or L dots into these pools or maybe
a little bit of what's to come in the near future yeah of course yeah and yeah
once the users stake dot or L dot on Euphrates they will get the
receivable ACA account token and Starlay deposit API for dot and L dot and after
the Euphrates campaign ends and user unstable from Euphrates their dot and L dot
will be in a deposited state of style and at this point user can use their dot
and L dot in style this means they can use dot and L dot as quarter to grow other
assets like a USB-C or dot or L dot so as I explained already at Starlay Finance we have
made the we'll be just building the level staking function available
simultaneously with our main net launch next year or this year next week or this
week allowing user to reward up to 33.4% based on the current
calculations so this percentage is dependent on the LTB of L dot so which is
currently at 50% but we plan to increase this LTB valuation if for instance L dot LTB
onto dollar ratio is raised to 80% the leverage could reach five times
minus two times you know we can deliver it you could reach type X with the 80% LTB
potentially yielding an APY of 90% that's fusion on 90% it's quite nice APY
and we encourage user to try out the right thinking and then we're gonna we're
gonna just publish the articles in yeah thanks awesome and that is some crazy
APYs I'm definitely interested I thought I saw one day that there was a chart that
was posted to kind of represent how how the leverage a staking wheel I might
scroll through your Twitter and see if I can have something like that pin so
people can have a better visualization of it like you said once the Euphrates
campaign ends your dot will be in the deposited form in stellas swap where
you'll be able to try out the leverage function and really gear up on that APY
now another pool that we also have on Euphrates is the stellas swap pool now
I might have accidentally mixed the pools up when I was calculating the
numbers but right now on the stellas swap pool that we have listed on
Euphrates under LDOT shows 450k TVL 44% APR right now and it directs you
straight to stellas swap um perhaps Aziz could you tell us a little bit about
the stellas swap LP pool with with dot and LDOT yeah sure so right now if
you go to stellas swap app right stellas swap.com you look at our pool page so you
can see that in I mean in the spirit of dot ignite you can see tree visually
highlighted pools which consists of a v dot slash dot farm right so if you go
into the farm if you stake your dot what you're gonna earn is a base rate if
you are from LDOT staking and also the family watch you know which is right now at
44% so you earn you know close over 60% of APR if you go stake at the LDOT slash dot
farm right now so that is a farm as part of dot ignite campaign that is boosted by
glimmer grants as well as a Kayla's own native tokens that you can see as in
daily watch which is very transparent there that uses to stake in the farm is
going to receive ACA as well as glimmer so yeah there I mean as part of
supercharging your dot right this one of the main use cases of an LSD like
LDOT would be to use that LSD and to stack your yields right you can do it in
learning and borrowing protocols like Stali or you can do it in a DEX where
you could generate farm rewards right and what's cool about a farm reward is
that it is a correlated asset which means the v dot and dot that you stake
on our farm right on a boosted farm is very correlated because obviously one is
actual dot the other is a dot LSD which is LDOT which means that the dot value
is very very similar and therefore it's a correlated asset pool and therefore you
don't I mean the impermanent loss which has been the Achilles heel of DEX LP or
liquidity provisioning is mitigated well because this is this is almost as
similar as a stable pool like USDC USDT so what I'm trying to get at is that the
risks is really really made to get mitigated because purely because it's
it's a correlated asset pool so this means that you could sleep very well at
night knowing that you're gonna earn a base rate on your V dot from the POS
taking on your freaks as well as earn a farm reward on top of that and really
that's the beauty of LSDs right the premise of LSDs is that you can
supercharge your your your LSDs so who knows in the future what could happen
would be you know an S token from S dot token from starly which is basically you
learn or borrow I mean yeah you you you learn borrow on starly and use that
collateral to put into a farm on Stella swap so you're actually earning like
like yields in every step of the way so yeah that's I mean that's obviously a
future thing that we could explore but this is just to give an idea of the
power of composability in in LSDs and the use cases in each part of the I
mean in each use case that you can use your dot in across the ecosystem which
includes you freights Stella swap decks as well as starly that is that is a great
point that you've mentioned about the composability and and kind of what was
just explained is is just being able to stack yields to be able to use your
collateral use your your funds really in the most efficient way possible in as
many ways possible without with mitigating as much of the negative side
effects such as impermanent loss if you are partaking in liquidity providing
impermanent loss is definitely something that you should read into and
understand and then you could also appreciate how it's mitigated when it
comes to dots and and liquid staking dot pairs as as I was mentioned it's
basically it's almost practically like a stable LP like a stablecoin LP that is
definitely something very cool you're kind of hinting into potential future
products and something I want to mention is a lot of the stuff might seem a very
technical to you right now it is surprisingly still in an early stage it's
still in a stage that's adapting and growing and if it still feels a little
too complex for you right now as you've heard from both Stella swap and
starly there is a main focus on making it more user-friendly easier to access
easier to use so if it's still too technical for you right now give it a
little bit of time and I'm sure they'll be even smoother and smoother processes
something like this s dot token that kind of wraps up all the LPs leverage
everything in one package that you can just purchase that invest in that and
you are reaping the benefits of everything under but if you want to
venture into defy if you want to venture into the composability of L dots L dot
LSTs then this is definitely where a great place to start whether you're
using Stella swap using starly checking out a college products like Euphrates or
just just starting liquid staking as the first step also on the Akala platform
great things to get started in your LST journey great things to get started if
you just received a whole bunch of dot back from crowd loans instead of
letting them just sit in your wallet make them do something there's a lot of
tools provided for you to do that but continuing on um I guess I have a
question we've kind of tapped a little bit into it um what are what are some
future features you spoke about a little bits and any other developments that are
coming from from either teams maybe maybe we'll start with Starly and then
go with Stella swap what what are some things that we can be excited for I
know you've already mentioned the the leverage feature is there anything else
that you have that comes to mind that are in the works for either this year
next year yeah perfect yeah this year as I explained we are planning to launch
cross-channel landing feature utilizing the XM but one of the exciting
developments we are looking forward to in the first quarter 2024 is the
introduction of an efficiency mode so which will significantly increase the
relative value and TV ratio between L dot and dot this efficiency mode is
you know designed to enhance capture efficiency for asset between LSP and
underlined open that means edit of them so where users supply a little starly
enabled very game increase popular power for borrowing assets and the
efficiency mode only assets within the same category that means LSP and the
underlying token that means you know L dot and dot of course that we can be
borrowed other token we cannot borrow but at this efficiency mode we can just
adapt the LTV up to 90% this is this ratio is coming from our bail or in
landing protocol in the e-parameter of your main landing for many existing
protocol so if we could apply LTV or 90% in this efficiency mode that
APY could potentially exceed 180% that is a crazy amount of APY you can just
go so this efficiency mode we are able to launch during the first quarter of this year and we are excited we are excited to develop this one and then just launch this one
awesome that's a LTV at its finest at its peak peak LTV usage definitely
exciting times if you guys want to follow on the developments these things
are launching pretty soon make sure to follow Starlay to keep up with all the
dates all the all the announcements and the and the dates of the launches and
the details Stella swap what do you guys I mean you guys have a lot of
things going on right now I also noticed the the voting pool we just missed it by
a hair but you guys got exciting things going on with governance as well on
dot ignite is there anything else that you guys have cooking the pot that you
can share with the audience yeah sure I'll try to boil it down to two mean
exciting stuff which is quite technical the first is off chain of
order that that has been very much do and that is something that we're almost
done so what that will enable is a very fair and more robust ELM system active
liquidity management so what is an ELM system and why do we need it as a DEX
right you have a beastly quality right so imagine if you guys are familiar with
in V2 DEXs right like like us previously where you use a beefy to auto compound
your positions LP previously right so you use you stick on a DEX you stick
that LP into beefy and beefy just helps you reinvest to make your APR turn
into APY which is much higher and therefore all you have to do is just be
passive about it just you know sleep well right so in a V3 or concentrated
liquidity model where most of the DEXs have transited towards and ELM is like a
very much equivalent of that right an active liquidity manager they actively
manage for liquidity on a very complex concentrated liquidity pool because you
set your ranges and if you if prices go beyond your ranges you're out of range
you don't earn so what ELMs does is that they help you be in range and
they help you earn right to make sure that you keep on earning but it's a
passive thing and the whole reason why we want we created our off chain water
is because we want to create an infra for us to be very flexible with our ELM
partners and give a lot of choices to users so a user can choose any ELM they
like while not compromising on the APRs right because sometimes if you
choose a particular ELM that isn't supported by a V3 DEX you know you can
you can compromise your APR so an off chain rewarder mitigates against that
and on a more technical level it's much easier right to not be dependent on a
single ELM you know for example the gamma hack that happened three weeks ago right
so an off chain rewarder is something that we're almost ready and what that could
contribute to directly would be a more robust L dot dot pool where you know you
can stick your LP into an ELM or even via an ELM and you know you won't be out
of range and you keep on earning even though you're on a narrow range right so
that's gonna be very cool it's gonna be and in fact you can even compose that in
the future so for example use an ELM and then the LP of the ELM you can use
it on beefy because right now beefy supports V3 LPs so you can compose the
ELM LP on beefy and auto compound your return so that is very very
interesting that would unlock a lot of use pieces right so number two is cross
chain technology and you know Starly previously mentioned that they're also working on
cross chain, cross chain is gonna be big because it's gonna extract a lot of stuff
right and that's the beauty of cross chain technology and we're very
fortunate to be in Polkadot that is basically spearheading or trailblazing
cross chain technology so with cross chain technology what you can expect is
for example using your USDC on Ethereum in one click trying as in swapping to
A star or even a Keyla ACA on a Keyla network and within one click within a
few minutes boom it goes into your subscript a Keyla wallet just like
that without the use of any bridging without the use of any intermediaries
it's just seamless cross-chain swaps you know without without any without
any hindrances right so that cross chain technology is something that we're
working towards together with squid together with XLR together with parity to
extend cross chain compatibility because right now our current cross chain swap
technology allows you to get to swap any tokens on any EVM across most chains
into Moonbeam right now but it stops at Moonbeam because Moonbeam is an EVM
parachain right but what we're working on is to extend that cross chain
compatibility across other parachains so you can really access all the other
parachains and their native tokens seamlessly so yeah that does the that's
something which is gonna be huge to foster capital you first towards Polkadot
and yeah making define much more interesting for everyone so those are
the two things that we're working on awesome that's that's just great and
and yes speaking of that cross chain it helps in all sectors it helps the
accessibility it helps the the ease of use for users and to be honest it's the
dream like the original dream is to have this cross chain compatibility where you
really don't feel the ridges rigidness of every chain and then you can kind of
just engage in the ecosystem with with no worries it might even get to the
point where people might not even notice that they're switching chains they're
just jumping on different from platform to platform application to application
not really yeah knowing all the the technical work that's that's done in
the background the transactions that happen to make this experience so
smooth so happy that we're we're heading in that direction we have great
things built I'm gonna soon be inviting people up on stage I see Charlie and
Victor you guys have requested if anybody else has questions about dots
about Starlay about Stella swap but Euphrates about Akala you can start
requesting now I've got one more questions for our guests before I invite
some people on stage to ask your questions if you do come up on stage
make sure to send us a DM after the space we might have a little bit of a
prize for you but yes message us if you end up coming on stage so my final
question for you guys and this is could be on a personal take it could be
from a project take but how do you see partnerships like us kala Stella swap
Starlay having a role in shaping the future of decentralized finance you might
have mentioned a little but give us give me your final thoughts or your
overall thoughts on on how we are shaping as partnerships together the
future of decentralized finance perhaps this time Stella swap would you like to
start yes sure so I think we all have a collective objective or mission right to
elevate or bring that awareness of Polkadot's technology to the masses but
Polkadot has done really really great things in terms of tech but in terms of
getting that to the wider DeFi circle right we may not be as attractive right
and therefore it's very important for stakeholders within this ecosystem
projects like us projects like a Kayla projects like Starly you know to sort of
like come together and that's what that's basically what we were trying to
gain for with something like dot night dot night right so that we could we
got combined forces right and to to really show the greater DeFi space you
know hey you know what come look at Polkadot right to see what we have here
you know you will always start with something simple just like providing
equity incentives to an LS these LS these are hot by the way it has been one
of the foundations of DeFi money right so that is something that I think is
very important the collective unity to serve like work together you know in
campaigns or in partnerships right so that we can showcase each other's value
propositions and utilities in a very synergistic way just like this like this
call right where you have a Kayla's mean LDOT right which could be used in
various ways which includes lending and borrowing on star starly or on a DEX
the utility on a DEX the use case on a DEX like Stuller swap right so
showcasing the utilities of partners is a very important step for us to do not
only attract excitement within the Polkadot circles but actually more
importantly outside of Polkadot circles which is basically the greater DeFi
you know ecosystem to showcase hey you know what there's so much things that
you can look forward to which are very which starts with something simple and
slowly you dip your feet into the the wider Polkadot ecosystem so yeah I
think working together is something it's gonna bring a lot of value to the
Polkadot ecosystem no I I totally agree and I in a space that was that not too
long ago it was interesting to see some of the statistics that you know there's a
higher percent of dot states but a very low percent in actual LSTs or LSDs while
on aetherium less of a percentage is staked but a higher percentage of that is
in LSTs I wish I could give you the numbers but it's very interesting that
there's a lot of opportunity for LSTs because there's a lot of dot stakes but
just kind of staked and sitting there so working together you know versus
against each other to just really grow the ecosystem is definitely a big thing
we need to do in Polkadot like I said the tech is there just got to get the
adoption and the the knowledge out say yeah do you have something you'd like to
add or what's your view on on this collaborations and Polkadot as a whole
yeah I think it's an appreciative this collaboration is really
appreciative and you know working together with us and Shoshua and Sari
we're very beneficial and expanding the Polkadot ecosystem and just trying to
capture more user from mass adoption when it comes to mass adoption so
at Sari we believe our role is to you know three ways we have the
overall is a three way you know first of all it's to maximize the user use and then
it has user experience and then drive mass adoption like I think it is you know
Polkadot is in a Polkadot you know like comparing the Polkadot in
Ethereum ecosystem there's a significant difference in state
move-offs with both offering you know higher you know higher use so yeah we can
just level it this higher use with our level stage function and then provide
more higher use to our users and this you know putting more users to like a
Polkadot ecosystem and expanding our like horizon and like additional
the use of XEM and XEM since transaction is a key area we want to
secure first and we aim to simplify pending operation across different
blockchains within the Polkadot system that also bring more users to Polkadot
system and utilizing XEM technology so lastly this is still like it's kind of
personal view and I think it's a greater future so my focus is on like cutting
into Japan's market with the regulatory changes and rising demand for JPI
stablecoins it's you know the recent regulatory changes in Japan provides a
significant opportunity for DeFi expansion expansion and then the new role set to
take effect in mid-2023 and will introduce direct requirements for stable
insurance and limiting it to register the banks plus the banks and license money
transfer agent and this regulation aim to ensure the stability and
the reliability of the stablecoins by requiring them to be pegged to the EM
and the guaranteed redemption at the place value addressing the risk of
collapse and this you know JPI stablecoin is joining this year
would it be a huge possibility for started partners now we encourage this
stable end to start a Polkadot ecosystem this drives most adoption in the
Polkadot system yeah this is my view of Polkadot system and what role we can we can just you
know provide to Polkadot and of course in Akkara and the third one
now that's great and thank you for the intel I know regulation is going to be a
big topic this year so it's interesting to get some some info on how that's going down
a final note about comparing LSTs with Polkadot and ETH another thing that I thought or that
was mentioned is that the yield in dot staking is already so high people might not be as
motivated to to go deeper into the DeFi circle with I don't know 17 to 20 percent by just doing
regular staking it satisfies a lot of people while on ETH it's four or five percent they may
want to be stacking it so for those that are interested in stacking it early at this time
this is probably the best time to reap the rewards so whether you're you're getting into
leverage staking whether you're getting into LP this is these are very high APRs that you can
you can benefit from from being early from doing a little research and from testing things out
so be sure check out Stellaswap and Starlight with both both are great opportunities for your
DOT of course you could access them also through Euphrates our app and we'll always be promoting
our partners with the great products that they're building all right so I still see Victor and
Charlie up for request Victor has see your hand I'm gonna allow Charlie up first and then I'm gonna
invite Victor if you guys have questions for us so I'm inviting Charlie Victor I'll have you
connected as well um so that you can speak right after in case there's any issues um Charlie
welcome to the stage how are you doing today you've got a question for us
you already do I'm just trying to fix up my mic issues so
yes um yeah Charlie's just fixing his mic so um Victor if you'd like to go first you can
you can ask your question ask away yeah thank you so much my question is what is your upcoming
update development and plan how does the net income what is your revenue model
so um upcoming uh upcoming uh plans and revenue revenue model is that uh is that your question
Victor yeah yeah okay um upcoming plans we just covered um about the the new features but if you
want to give a quick sentence and then also revenue model is a little interesting um
Aziz or Saya do you guys one of you guys want to step up uh to to answer that question
okay I have one more question can I ask
yeah go for it yeah thank you my question is what what more uh what more great opportunities does
Stella swap has for our emerging investor
sorry I only caught half of that what opportunities does Stella swap have could you ask it again
yeah yeah what more great opportunities does Stella swap has for our emerging investor
sorry I it must been the honking yeah did you catch that yeah I caught it so uh so basically
what what opportunities do do we have that you can find on Stella swap for investors for investors
I'm assuming that you mean uh users on Stella swap that does farming you know uh finding yield
as in opportunities right so in a nutshell you know just like any other tax right um and particularly
since we're right now a v3 concentrated liquid index are the beauties that uh mainly you can um
in a decentralized exchange you provide liquidity and you will be rewarded for your liquidity
from trade fees as well as for the farm rewards you know just like on dot ignite the uh L dot dot
pole you know there's farm rewards right so you can stick on that and you could really control
the level of risk return the more concentrated that you are the more yields that you earn
if you want to be less concentrated you know for safety reasons and therefore you get lower APR so
it's totally up to you right so uh on on Stella swap yields is generated from our farms right so you
could stick uh and and you know and and you could you could earn by providing liquidity so that's the
that's the I mean to answer your question uh that's how we that's how anyone could earn on Stella
uh your your previous question on on what's coming you know uh just repeating myself here
uh off chain water which is going to make uh v3 staking much more easy for people as well as making
it uh more composable which means uh making as in making the way you stake much easier from uh
from a composable point of view where you could you can really automate your v3 staking and then earn
a high rewards uh via beefy for example right so often water infrastructure is coming as well as
cross chains uh swap um uh compatibility which will make life easier for you
to swap into any native assets on polka dot
i hope that yeah yeah thank you thank you so much okay thank you victor for coming on stage um
charlie uh when you're ready ask away
your first dollar has been um so i think it will be fair enough for starly so i'm just curious
and starly how how's the security going over there how do you try and prevent them from attacks when
it comes to all sorts of malicious actors is my dot safe with you right your question was the
like security and malicious actors you are talking about the so could you just
agree with about the malicious actor you know like uh let's say yeah sometimes just the
like price manipulation happens and their own lending protocol um and then just poor liquidity
takes liquidity through law like a malicious actor price control you know contour malicious actor
controlling the price and trying to hype the price and pull collateralized asset and then borrow
shared pool asset right just you know this is one way measure measure just malicious actor work
so this is the you are and then your question is how to prevent this malicious actor
yeah so charlie is that is that your question how do they prevent malicious actors from
leading to flash loan attack and all the rest yeah so i'm just wanting to let my daughter say
if we turn it off i just have to prevent this one just you know this malicious actor is uh
you know there are ways just first way thing though you just the we set ltb for like 50%
for l dot um and then just the user you can borrow like the value of 50% of ltb and then
we are just gradually setting this price you know increasing this ltb for l dot or dot or any
asset we are just using shared press model a shared pool model so we just really care about this one
and uh to we like just setting up these parameters for ltb or liquid support or laser proctor we are
inviting the service provider like the like just down to right so our chrome team we are invited
right now and we just we can deal with it but you know i think and uh yeah and of course we are
just care about out of the price or across well just we are using a cara local but you know we
just added the you know safety bug for a cara local as well and uh yeah that's all three ways
you know plus why is the like a sitting ltb uh based on demand and second second why is the
we are just inviting uh like chrome team to setting up parameters um yeah and part one is you
just know using a price oracle from occur but you know we are just be adding more like
like guardian model system just we are so that three ways we are preventing
malicious actor from like like from just all our users
i'm like just answering actually that's a good question
go for it charlie i was yeah okay that was good okay i got i saw the 100 um thank you for coming
coming up on stage charlie and it's it's a good question about security and and flash loan risks
and and different things so starly has three different measures in place to um to help out
with that i see one more person oh no i okay two more requests to come up on stage um i'm
gonna invite you guys you guys will be the final two questions i'm gonna leave you guys to have
one question each since we are running out of time and i want to respect the time of our guest
so madele mind i'm inviting you up and keeloo coming up on stage so we'll see what who connects
the connects the quickest um i think i have yes madele mind or is it metal mind uh madele mind if
you have a question go ahead hello sir can i have a question i want to ask what's what's the
benefit of the dot ignite i wasn't hearing better when you were saying it can you come again please
yeah sure so basically dot ignite is a liquidity incentive campaign
on stellar swap on moonbeam which is an evm parachain uh on on poker so what it means is
that you know if you go to stellar sort.com you go to our pools page where you can see a list of
farms a list of uh apr's that you can earn you know you you just take any of like l dot right any of the
tree dot lsd's and you can earn uh ecosystem ecosystem incentives in those farms so yeah it is
it's uh dot ignite is uh is the main aim is to spearhead traction for those tree dot lsd's on
polka dot on stellar sort
okay thank you yep perfect yes it's really just
added rewards to really promote uh the uh lst's that are on polka dots um thank you for coming
up on stage um keeloo our final question um is is is yours hello sir can you hear me yes
yes hello sir can you hear me yes yes we can hear you
yeah thank you my question is what is step does is tell us to update to
prevent market manipulation and ensure fair trading for all users on the platform
market manipulation that's a good thing so basically yeah yeah on stellar sort
um as in since it's a debt right um so uh people are free to access uh decentralized uh uh style swap
and to trade any any pairs that we have you know that uh that you can see on our on our on our swap
page so how do we protect as in you know the the markets the markets are very free in a
decentralized setting but the thing is we have audits uh we have like three kinds of audits
you know um uh for for for tech stack right ensure that uh there's no uh degree of like
flash load attacks uh that could mean that could manipulate prices or calls on on on style swap
that will need to solve a drainage of um of the LPs or or value manipulation so so uh that is
because we've seen a lot of the attack factors that happen throughout in DeFi and what we've
done is that we've ensured our code base which has been audited three times do not have the type
factors um and also which are constantly uh audited thank you sir awesome well yes that wraps it up
for our our questions thank you everybody for coming up on stage again be sure to send us a
dm um so that i can um and then with your um ocala wallet address and we'll send you some ac for
coming up on stage i'd like to thank one more time um Aziz and Seiya for coming up on stage
and and sharing their thoughts sharing the opportunities with dots if you recently purchased
dot if you're content contemplating purchasing dots or if you're part of the crowd loan and
just received dot definitely check out stellas swap and starly as great places to park your dot
if you want one platform to see it all and to get directed you can definitely use Euphrates
or Euphrates at farm.acala.network and you can see the pools and opportunities there
of course our native L dot staking is also a great opportunity for you as well i'll leave the stage
for the final words um uh from our guests um Aziz do you have any final words to say before we
close out hashtag state dot this is already state your dot that's up which actually dot awesome
and Seiya any any final words uh yeah just the um like yeah we're gonna just implement
the we're gonna launch uh like we're gonna launch mobile staking soon and the main net
main loan soon and please just keep an eye on standard finance and um yeah please stay informed
about the standard finance development and the governance you know we encourage our community
to engage with us on our official social media twitter and the discord and uh just join our
forum and the more that updates you know our governance forum is the best source of information
yeah thanks for having me awesome so if you haven't followed these two accounts definitely
follow them now you'll see them on the timeline during their discourse if you have any deeper
questions i'm sure they have a team and and members ready to help you and answer of course
also be wary of scammers we've recently noticed there's a lot more scams i have been popping up
that also is a sign that things are heating up in the ecosystem so make sure to never send
your seed phrase uh make sure to never open uh suspicious documents or or links and make sure
they're all verified that's just as a safety precaution it is going to need to be ramped
up this time around thank you for everybody whether you're listening to it live or listening
to the recording i hope you guys have a great rest of your day and we'll see you on the next
space next week cheers thanks everyone bye