Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Peapods Community Call
Recorded: Aug. 12, 2025 Duration: 0:52:30Space Recording
Short Summary
In a recent community discussion, key topics included the upcoming launch of VLPs and PPs, strategies for incentivizing token holders, and plans for community-driven buybacks. The conversation highlighted a strong focus on growth, innovative governance models, and the importance of community feedback in shaping the future of the protocol.
Full Transcription
Thank you. gm everybody how's my peoples doing feel free to request at any moment who do we have here
meta i guess i'll prove them
what's up, Meta?
Can you hear us?
Okay, cool.
Let me get my headphones set up here.
All right, could you talk again?
I want to make sure I have these headphones properly placed.
Yep.
Happy to talk. Can you hear me? Looking Yep. Happy to talk.
Can you hear me?
Looking good.
Yes, sir.
Sweet.
Awesome.
All right, so we'll wait a few minutes just to get everybody up in here.
Apologies for my voice this week.
I have lost my voice. I'm a little sick, so it's not going to sound as silky and smooth as normal.
And I don't know. Somehow I caught it off you on the other side of the world but I've had a chest infection as well so you guys you guys are in for a real treat with this
conversation just don't make me laugh please when I laugh I'm like coughing up it's so bad
so we have one request already but I don't know who this is and I laugh I'm like coughing up it's so bad so we have one request
already but I don't know who this is and last time I let someone up here there's
a Nigerian web 3 marketer let's give them the mic for 30 seconds all right
all right let's live this requesting let's see you prove yourself while we
wait for people to turn up sleek moneyleek Money Sniper, what can we help you with today?
Sleek Money Sniper.
Oh, for some reason, I'm not hearing anything right now.
Are you talking about it?
No, I'm muted. Oh, okay. I just have'm not hearing anything right now. Are you talking meta? No, no, I'm muted.
Oh, okay.
I just saw the little talking thing on you.
Slick Money Sniper is also muted.
So here we go.
Unmuted.
What's up, bro?
What do you have to say?
Man, when I saw the call, I just had had to like um so my reminder i had to be there
oh okay no worries well thank you for setting the reminder and joining
all right you want to bring that down to our listener again del yeah cool Indel? Yeah. Cool.
All right, we're doing good so far.
I think we have like 30 people in here.
Yeah, it's a great start.
Have you got everything recording?
There's a bit of a sense check.
Yeah, seeing on the top left,
it says recording and the red light is flashing.
If anyone else can see that as well.
Yeah, I can see that too.
Just thought I'd make sure.
Cool, cool.
I mean, three and a half minutes over.
We may as well kick off.
I'm not sure we're going to cover anything in the next couple of minutes
that anyone who joins late is going to,
you know, not be able to catch up on.
So I'll let you take it from here.
All right.
So obviously, guys, we just wanted to have a community spaces here, kind of recap how things have been going and what the team has also been thinking.
Today, we're actually going to talk a little bit about VLPs as well as PPs coming up and some ideas we had in the back end that we wanted to actually get some community feedback.
So this is very much so, you know, an open discussion. We want feedback from the community, see how you guys are feeling.
So feel free to raise your hand if you want to ask any questions throughout any point of the spaces.
ask any questions throughout any point of this spaces.
Yeah, I mean, to start off, Meta, could you tell us a little bit about how you see VLPs
working in terms of this dynamic between VLPs voters and VLP passive holders?
I don't think this is really something that we've communicated too much with the broader
community.
All right, no forefplay straight into it let's go
um yeah cool so i guess we haven't spoken too intensely about vlps but i think um yeah one
of the important things that we're going to talk about is the fact that we are mindful that we don't
want people just coming sitting in vlPs and not actually contributing because otherwise, you know, people are coming for the year, but they're not actually contributing to the protocol, which then means that the decision making process is probably not as solid as it should be in terms of ensuring MetaVault safety.
be in terms of ensuring metavolt safety so we we are still working through some different options
like even as recently as an hour ago we're talking through a couple of options based on some feedback
we've had where you know potentially we look at some delegates models as well where if someone
doesn't want to vote they can delegate to like a council and they can control a portion of the votes so as a really rough
guide these people would take a small cut like 10 of what the revenue would be users can deposit
not have to even think about voting and that's delegated by like an approved council member
so similar to how like arbitrary dow votes work instance um other dows as well so in terms of the other other element
that we wanted to put in here is how do we so our original model was we simply buy back peas wrap it
into vlps and then burn it all and so then we went well if we do that then everyone's being
incentivized whether they're voting and contributing or not so we've started to explore exact splits on what these are going to be these
are very small like variables that can be changed so it's not a big deal but basically we would be
looking at let's say we did a 50 50 split we would buy and burn half the vLPs, which could incentivize everybody
that's wrapped into VLPs
and taking that supply off the market.
And then the other 50% could be airdropped
to people who have voted in that most recent epoch.
So the benefit of this is that
not everybody is going to vote.
Those people that don't vote
still earn a passive income,
but then those people who do vote
are getting a larger concentration of rewards,
so their yield would be more than twice as high as people
who are not voting.
So that's a really good way of incentivising participation.
At the same time, voting is going to be something you need
to be doing every epoch, and it's something that obviously
we'd like to see include some thought and some effort.
So if it's something that feels like it's too much for people,
that's where the delegates would come in.
So you'd be able to earn, you know,
if you would have $100 duty in terms of revenue,
you might then only get $90 or $95 worth,
but you've had to do absolutely no work.
It becomes purely fluid, purely passive income.
And the benefit is that you have delegated voting rights over to someone whose job it
is to oversee it, who is incentivized to make sure they're getting the right votes through.
So that's a little bit about the way we think you're going.
Right.
And just to confirm um when those people who
are being airdropped like the voters they're being airdropped vlps right absolutely yes which which
then brings us into some of the other parts but yeah that'll be airdropped vlps essentially
anytime we we distribute anything as rewards we want to distribute it as vlps because what this does is it incentivizes the
loyal holders directly uh in the greatest greatest way so it means that they can continue to compound
and get more and more revenue from vlps then we will have it's not like a typical vl model like
curve for instance where i've actually seen them explain that the reason
why they have why they can afford emissions is because people have to lock up for four years to
earn it which to me is just kicking the can further down the road yeah for it yeah it's a wake-up
point at some point that that is all going to be unlocked so it actually doesn't solve the problem
it just pushes it down till later um whereas what we intend to do is obviously we have no emissions,
so we don't need to kick the can further down the road.
But what we will do is we'll have the ability for users to unwrap
and they would pay an unwrap fee, which would be quite sizable.
The specifics of exactly what will come out
when we start putting out documentation later.
But basically, let's say it's a 25% unwrap fee.
It could be more at a one-month cooldown period.
So what happens then is users can either instantly unwrap
and take a 25% haircut on their revenue
and then sell that for P's or whatever they want to do,
or sell that for USD, whatever they want to do,
or they sit and unwrap and wait a month, and then they get the full allocation in P's.
So this obviously sets up the chance for the most loyal users
who are longer-term bullish P's to be able to unwrap those
and wait, or to continue to compound and build up their power
and continue to earn more and more revenue.
As with all pods, there will also be liquid markets
where you'll be able to trade the VLPs,
which would be, we presume, trading at a discount.
That discount should be anywhere between zero
and whatever the unwrappy is.
So it presents also, again, a good opportunity
for the longer-term bullish users or holders of P's to come in and buy VLPs at a discount and effectively wait a month to realize that discount.
So let's say you had an 8% discount sitting on VLPs.
It effectively works a lot like a Pendle market where you can come in and buy a fixed discount.
a lot like a pendle market where you can come in and buy a fixed discount and an eight percent
discount if you do the maths over 12 uh sorry an 8 discount over a one month period multiply that
by 12 that'd be that'd be effectively 96 apr on on peas by buying the dip now that's really cool
i'm like super excited for vlps it truly feels like VLPs will be the V4 upgrade for our protocol because in the past, anyone who's bought peas obviously is buying peas because they're bullish on the product. that every pod is burning a certain amount of fees, but this is gonna unlock so much more utility
for the peace token.
Now we potentially could even have bribe markets.
Like I'm excited to have people bribe my votes.
Like I don't wanna get paid.
So like, would you agree that this is sort of like
the natural V4 evolution for the protocol?
Yeah, it's definitely the first stage
of the V4 evolution.
So there's fundamental
changes to the pod architecture that come into place in what we're creating with vlps
in particular some adjustments around how the liquidity pools managed
looking at like a custom sort of range so this opens up a lot of possibilities for
ppods so this will be the work we're doing to create vlps will fundamentally
guide where we're heading with some future pod iterations as well so it's the first step towards
v4 and it also dabbles a little bit in the realm of some other stuff that we're building which
we're going to work towards getting comms out for that personally i think is probably going to be one of the biggest
volume and tvl drivers for us as we go forward so it's all sort of that's it's gonna be amazing
exactly but you know it's basically this is one piece of the puzzle and every time we add a piece
of the puzzle it always gets us closer to the full picture. Like, I know it sounds like I'm just talking shit
and, like, very typical marketing spin,
but effectively, yes, this gets us closer
to a new iteration of pods.
That new iteration of pods gets us closer
to other future developments.
And we've got, yeah, like I said,
we've got some really big plans to take over TVL
significantly and volume and sort of become
like the one-stop Dei hub right so read into
that when you will but there's obviously a couple of elements of defi that we're not tapped into
just yet but we will be yeah yeah just so you guys know like we're still building and planning
in the background lvf was not the top of the mountain it's not all that was being built you
know it's just the foundation and the proof of concept for for what's coming because peas is
ultimately trying to be the liquidity layer of defy and that means a lot of different things and
i think d4 really will unlock way more potential than than people are realizing have you ever seen
have you ever seen the simpsons episode where Homer climbs the murder horn?
I don't think I have.
All right.
So there's this scene, and I don't know, this is just in my head,
but there's this scene where Homer's like going to go climb a mountain, right?
And he looks at it.
He's like, I'm climbing that?
And the guy's like, yeah, just to your right.
And it's twice as big, right?
He's like, oh, that one.
He's like, no, it's the next one.
And it's like 10 times as big.
And it's like, this is exactly what everything we do is, no, it's the next one. And it's like 10 times as big. And it's like, this is exactly what everything we do is. Like it's what everybody sees and what we hear is really cool
and it's a really big thing and it's the biggest thing so far,
but the next thing's even bigger.
And so I'd say we've probably got at least two or three next big things
from where we are now that are bigger than what we've done before.
Maybe not from a technical code base size,
but from what it unlocks and where it takes us,
I think there's some really massive unlocks
that we've got coming that, yeah,
it takes us from being, you know,
a 12-month-old hardened DeFi protocol
that's starting to gain traction
to being a DeFi blue chip.
There we go. I know the audit firms are going to love us, man.
Pashov is licking his lips as we speak.
Exactly.
So we're also, we did talk, we did tease on the profile recently that we're going to be enabling
PPs as a pairing asset. And this is coming soon.
We're actually planning on next Thursday for actually launching PPs as pairing. So people
can actually start borrowing PPs in their own pod LPs or even lending PPs. And this will be a nice
little, you know, option for P peace holders to earn excess yield beyond just
LVF while they're still waiting for VLPs because VLPs is obviously further down in the pipeline.
But do you want to mention any of the benefits for projects or users who want to pair with VPs?
Yeah. I mean, like the first and most obvious one is like thinking from a holder perspective,
is it adds utility something they can
do with their tokens beyond uh having to place it into an lvf position uh or levering up so they can
go and lend it out and they can earn some yield while they wait that's obviously great the benefit
of that as well is that that pulls supply out of idle wallets it stops it from being i guess um
potential overhang for cell pressure. So we start to create
really scarce supply on the sell side for peas, which I think is awesome. Also introduces the
dynamic where you start to consider what the yield is that you can earn across various strategies.
When it comes to like a project wanting to pair with peas i think
the fact that we're 20 million dollars liquid makes us one of the most um solid alts to be
pairing against we're more stable than something like ethereum and we're much less stable than
something like usdc so we actually i think work in a really good way where the upside risk is...
Let me try and learn this properly.
Effectively, when you create an LP position and when you are volatility farming,
you want an asset that is going to be volatile.
The more volatile it is against your pair, the better in terms of the revenue it brings.
Obviously, the more risk it brings for things like
liquidation so you want something that can be a steady and continued growth almost in tandem
with what you're pairing so if you're bullish on something and you think it's going to pull a 10x
you don't necessarily want to pair up with usdc because you're going to get i-eld and i think we
had a look at numbers yesterday that was as long as your P token doesn't pull more than 6.5x
against your paired asset,
if you open at 2.33x leverage,
you're not going to get any IL.
So having something like P's
that's going to continue to accrue
in tandem with your asset
completely kills a lot of the IL risk,
but it remains volatile enough
to be able to attract arbitrage so
yeah i think also being able to tap into a 20 million dollar liquidity network
um adds really strong arbitrage parts for for whatever you're putting into that pod as well
right and and when you're actually um pairing these these pods up with pps you're you're
bringing more volatility over to the P's chart. We're
going to see more volume across all P's pairs because right now our token is acting as this
$5 stable coin, which is awesome to see. I like to see how deep our liquidity is. We're a whale
friendly chart, but obviously most people are like, most DGens are like Wenmoon. And for that to happen, we need to have these P-syncs, like VLPs, PPs pairing,
and then also introduce these volatile pairings where people can actually pair up their meme coins with P's.
And then now we're just getting increased volumes, which is then all being captured by that original PPs pod.
Because it's not normal P's that's being LP'd here it's PPS so PPS will
accrue more yield and and sink more P's into that PPS pod while these other LPs are receiving volume
yeah absolutely so yeah I think the other part on what you mentioned there was that
oh man I'm just completely blank
no you're good I have another thing I could mention on what you mentioned there was that, oh man, I've just gone completely blank.
No, you're good. I have another thing I could mention.
No, that's okay.
There was something that you mentioned around,
oh, sorry, yeah, so there was one thing that you spoke about,
which was around how we need this
to help drive the price and the volatility.
I agree it will definitely increase volatility.
I think it's important for people to notice as well
that we don't necessarily need thin liquidity
to make the price go up.
Like I know within a typical shitcoin,
obviously the less liquidity is to the upside,
the faster it's going to run.
At the end of the day, at a certain point,
it stops becoming supply and demand issue,
which we're going to have the supply side tightened up super tight by the time VLPs comes in.
But it becomes less about supply and demand and more about cost versus return.
So what I mean by that is if P's is trading at $5 and we're pulling in $500,000 of revenue a month, then that's going to be, depending on how much is sitting in VLPs,
let's say it's 50% APY, the only way that APY comes down is if more supply gets locked
into VLPs, which would be, so by more supply coming into VLPs, that would be taking more
supply out of the market and again, increasing scarcity, which then makes the demand on the
lending side come up, which increases the rates, which stimulates more lending, which then makes the demand on the lending side come up, which increases the
rates, which stimulates more lending, which then takes more out of VLPs again. So it becomes this
really strong flywheel. But then also at the same time, the only other way is if the piece price
goes up. So if you can continue to keep buying peas at an inflated APY, then that's going to be
the way to do it. And then on on top of that you're going to have
that discount market we spoke about on vlps where people can come in buy and they can have peas that
they're trying to unwrap from vlps that's sitting there for a month that's not able to be touched
which is again causing more scarcity that it's not being lent it's not being sold um and it's not
being put into vlps yeah it seems like a piece is going to be flying
between these sinks, because as you mentioned,
there's like this sort of teeter totter
when the yields are better for VLPs,
people are gonna move over into VLPs,
but then it's gonna be more scarce for lenders
who are lending PPs, so then it's gonna move back.
And this is just like its own volatility
of just the movement of P's supply,
but without even necessarily the price changing.
But from that, every event is pulling in unwrapped fees through VLPs.
We're also earning more LVF revenue when people are providing this P's liquidity.
And it's a very interesting dynamic, like how we're able to have multiple flywheels essentially like make a Trinity almost
into each other. Um, cause you do have, like I mentioned the teeter totter of the lending versus
VLPs, but then you also have the piece price that has an effect on that total APR of the VLPs pod.
So we're just having all these different variables come into the system and it's just going to throw
our views into all these different sinks and make it more scarce. And then ultimately moon is what we're obviously looking for here.
Right.
Well,
that's what will happen.
Like from the scarcity will start to become the price impact,
but not just that it will become as the APY continues to climb and it's,
it's so high that it makes logical sense to just go and buy it and take that
APY because you know,
that the price has been so stable it starts to
bring in this thing that the only way to bring that apy down truly is going to be to increase
the price of peace which means that if you want that apy to come down from 50 down to 25 if that's
where the market deems the apy should be or 20 i've seen on some of these other real yield products
to bring that down,
then you're going to have to double the price of pace.
Right.
And we're very unique
because a lot of these other real yield protocols
still have emissions at some point.
They're earning revenue,
but they still have a cost
to have this revenue on their,
or TVO on their site.
So I think, honestly,
we'll see a bigger change in our demand because of the fact we don't have these emissions.
And the only way you can access it is by buying peas or actually, yeah, you can't even earn peas anymore from providing liquidity like V2.
So the only way you can really access this is go buy peas on the open market.
on the open market.
Yep, exactly.
And then what we're doing is
because all the revenue is real revenue,
we're not taking at any point
taking away from pieceholders to pay VLPs.
The only way you could argue
is when people are unwrapping instantly from VLPs.
But I mean, that's just a function of how the pod works.
So it's not like we're charging people
on every buy and sell
and giving that off like a lot of
the five five tokens do so we yeah we've got this model which is extraordinarily fair but is always
designed to ensure that the loyal peas contributors always benefit the most yeah vlps might be the apex
predator of governance models well and this is the thing, right?
So I don't think we have touched on this,
but VLPs is not being designed purely just to be used as VLPs.
VLPs is being designed as a proof of concept
that can be rolled out to any protocol
that could use our model for their governance.
So we believe what we've created is a better governance model
because it doesn't
rely on having to lock up for four years and all that sort of stuff. And so this is something that
we can bring in. People can adjust the parameters. They can increase the unwrap fee. They can increase
the cool down period. They can do all these sorts of things. But what we're doing is we're proving
the concept. Everything we do, we always are proving the concept in market with what we deliver and
then allowing the market to see it, take it and move forward.
So this is us proving the concept of VLPs and then it being able to be rolled out across
anywhere else within DeFi.
Yeah, that's really neat because like I mentioned earlier, we want to be this liquidity layer
DeFi, but now we're also this one-stop shop where if you're running your own project, you can come get liquidity and governance from us and govern that liquidity that you're managing for your holders.
Yeah, you can add on top of that, you can get paid to do it.
Get paid to do it. you know liquidity is one of the biggest expenses for most defi protocols whether it's through
emissions or through genuine having to front up the capital or through whatever other way you're
bribing to get your liquidity ppos is to my knowledge the only market where you can spin up
a liquidity market in under five minutes, all by yourself with no intervention,
and where you can actually make money from attracting liquidity
instead of having to pay for it out of pocket.
Yeah.
And even if you do run,
yeah, and even if you do run a negative APY,
let's say you run it off minus five or minus 10%,
that means your cost to acquire liquidity
is only five or 10% of whatever that value is,
where usually I'd say it's getting closer to 100%
for most projects and for missions.
Yeah, and those projects typically have to actually
front the capital all at once.
Even if you're paying negative 5%,
that's spread out over time.
That's a cost that you can finance, to speak like you're financing liquidity well yeah i mean let's say you access
a million dollars of liquidity and you ran it a lot at a negative which if you're borrowing a
million dollars of liquidity really you should have enough volume that your apy will absolutely
be positive otherwise you don't need to be borrowing it.
But if for whatever reason, the worst case scenario,
you're running at a minus 10% APY on your pod
and you've got a million dollars of liquidity,
then you're going to be paying like $8,000 a month
to attract a million dollars of liquidity.
That's so true.
You're not relying on any mercenary capital.
You don't have people claiming the emissions from your token and then dumping it into your chart and killing your token and killing sentiment around your project you don't have a
death spiral you don't have any of these things that the original liquidity mining had you have
a fully sustainable fully protocol owned lp position that is realistically will be generating yield.
It should either be free or it should be yield generating in most cases.
So if we do the flip side and instead of running at a negative 10% cost,
you're running at 10%.
You're actually earning $8,000 every month just for having deeper liquidity.
Plus the governance and all the other benefits as well
and that's assuming you're the only one taking that position right what if you create a pod
and you only borrow a hundred thousand dollars but then the market comes in and they want to
lever up in your token or they want to provide liquidity they want to do whatever and they're
the ones that are contributing the um you know, the millions of dollars. They're incentivized.
And you're only, and you're not, you're not out of pockets.
You're either a free or yield bearing.
And your community is actively providing all of this liquidity for you because they're incentivized from the yield that they're earning.
Yeah.
Or because they want to leverage.
So it's, yeah, it's a really unique model from a liquidity market perspective.
Yeah. And talking through all this is making me think like if we can sort of provide this governance model that people can come to us and spin up on their own,
it seems like we also then could have this infrastructure where each governance pod, so to speak,
also has an adjacent bribe market that gets spinned up along with the lending market
um but that's this is just an idea not something that you know the team has thought about this is
just something that came in my head just now but this is just showing how powerful tpods as a
protocol can be and how many different ways we can attack the the liquidity issues of defy
yeah yeah for sure.
There's so many ways that we can go with it.
And another reason why I'm excited
for PP's pairing is because
obviously I'm a
P's holder. A lot of my own personal net worth
is in P's. And I've
been holding these P's and P's
and LVFing with some of them.
But ultimately, I want to lend
and I want actually to start pairing my P's and classic liquidity.
I want to create pods with other tokens I have that I'm bullish on.
And I'm bullish on both P's and the other token.
But right now, in this current moment,
if I want to create a P's LP,
P's has to be the main P token, so to speak.
And that's the one that's also harvesting the yield.
So Pee Pee is gaining more Pee.
But instead, now I have these other tokens I'm bullish on.
I can make a pod specific to that token.
As that token is having its own volatility, I'm earning more yield back in that token
I'm bullish on while still having my Pee with no liquidation risk because I'm adding classic liquidity.
And I imagine there's probably a lot of other P's holders
and whales that are in the same position
where there's other assets they're looking at in the market
and they wanna create these liquidity pools
that are more exotic, these more exotic pairs.
Cause that's where you're gonna get more volatility.
Like some of my most successful LP positions
were P's paired positions in V2.
But that back, you know, that was back when we earned more peas.
But now since the protocol is different, you earn,
you earn back the asset you deposit plus whatever the,
the pairing asset is.
But if peas is the pairing asset,
now I'm earning peas again on top of that PP's volatility accrual.
So this is just a match made in heaven,
and I'm really excited to have P's pairing come up here in the next week.
Yeah, I think it's going to be awesome.
So I think you'll start to see a bunch of comms come out at the start of the week,
and we'll start to build towards it.
So there's a little bit of alpha for you guys that have taken the time to jump on the call.
Where do you want to move to from here, Dal?
Yeah, let's mention, let's talk about the buybacks.
There's been so many questions of when buyback.
So, we did obviously talk earlier on our team call that we want to actually ask the community how, how we should manage these buybacks.
And I think,
you know,
I think it's a good idea.
We were thinking we're going to do a poll for you guys and have you guys,
give your feedback and comment,
but do you want to let them know what this poll will entail,
what the questions will be?
Yeah,
cool.
So the question is basically when buyback.
So we want to,
you know, we don't want to just wake up one day. It's like, yeah, cool. We're going to do it.back so we want to you know we don't want to just wake up one day
it's like yeah cool we're gonna do it we we want to we want to basically kick them off as a
celebration of some sort of milestone of where this revenue wallet's sitting so currently last
time i checked i haven't checked since i woke up but it was sitting around 330 000 so i think we
we would want to check and see at what point do you guys want to
start seeing the revenue buyback while it go i know that we've heard we've had comments whether
real or or not where people want to wait and see get to a million dollars before we deploy
which look if we if we do that i'll throw a two hundred thousand dollar candle straight into the chart from there and then we'll we'll we'll work out how we do the rest of it but yeah basically basically the
options are do we want to wait for we'll put the numbers out there but let's say 350 000 so
effectively do it now but we've still got a trigger that we're going to work towards
or 420 000 obviously for the culture or do we want to wait for 500,000?
Do we want to wait for a million?
So how long do we want to let this accumulate before we bring the buy
pressure?
The fantastic thing for me, from my perspective is we had some limit order
set that we were going to execute and start doing buybacks if we needed to.
The market has been so strong and and peas in particular has been so strong
that we haven't needed to bring those in there's been so much organic buy pressure
from interest in peace token which has meant that we have not needed to step in and do buybacks
so it's been quite fun for us to sit and continue to accumulate revenue
while we just let the market do what it's doing it's doing yeah i'm almost uh not sure what i
think would be better i don't know if there's like a pro or con to having a lower threshold
or a higher threshold because ultimately i feel like if we're seeking you know volatility you
you do have a lot of volatility from these very large candles getting painted on the chart if
we're waiting for a million um but then
if you're doing smaller threshold buybacks if you let's say like 350k you are getting this like sustained floor that's building up which maybe adds more to like the uh the sort of like i we
say stable coin but maybe we can even call peas like a flat coin so to speak where it's like
it's gaining value it's it's outpacing the dollar inflation,
but obviously there's volatility.
It's not an actual stable coin.
Kind of reminds me similar of like OM for example,
and shout out to the OMIs.
The whole Olympies models has really been
proving itself extremely well.
And I think once we start really rolling out
this governance features,
we're probably gonna start seeing some more qualities
from our protocol look similar to what we've seen happen
over in the OM side of things.
Yeah.
So Olympi's is real.
It's a really good thing.
Those guys have been really strong supporters
and really good with working with us on stuff.
So we're, yeah,
definitely working on that relationship as well.
Like I know this is going off topic slightly, but we,
we've been working closely with those guys for a year and a half now and maybe
longer actually. And we,
we are working towards some really good,
what do you call it?
Like synergetic relationship and some synergetic things
that are coming down the pipeline
where they're going to help continue to bolster our TVL.
And we're going to continue to look at ways
that we can leverage OM within our own treasury as well.
So there's a whole bunch of really cool stuff happening there too.
I won't go into too much detail because we're still ironing out all the kinks,
but some definitely cool stuff going on between the OMPs network.
The space is hot, hot, hot today, man.
We got so much info.
Like definitely it's good that it's recorded.
All our European peas lovers are crying right now,
but they'll be able to watch us tomorrow
and have sweet dreams the next day.
And one other thing,
this is something like I had kind of thought of
and I had presented to Meta to get his ideas.
But realistically, I want to see what the community thinks.
And obviously guys feel free to leave any feedback in the Telegram or at the end, once we have our Q&A, come up and give any feedback as well.
But I think it would be cool to see like a pod creation fund where we take a little bit of the VLPs revenue and put it aside, actually, for seeding like new pods.
And specifically, I want us to focus on base
because it seems like base is having this hype season.
There's a lot of activity
and promising things going on on base.
All these different corporations
are now also building on base.
And I think base ultimately might start to pull
some of the G-Gen activity away from Solana.
But for us to help capture this wave and incentivize new pod creation,
I think it would be cool if we create this pod fund
where a small portion of peas is put into there.
And what we essentially do is we ask the community every week,
which pod would you like to see?
We'll get feedback from you guys and and maybe launch like a lp for example
of like ten thousand dollars and between the actual pod asset and the piece so what's nice is
if it's a ten thousand dollar lp you still have five thousand dollars sitting as peas and then
the other five thousand is a token uh that the community is bullish on um for example um we could
be looking at like FriendPet.
You know, FriendPet's been around for a while.
They have extremely good liquidity and they could be a token that's pretty promising.
I think what they're up like 25% today,
they're up like 2X in the week.
So this is a good way for us to still stimulate volatility
into the PEAS token itself.
And ultimately the POT fund is still owned by VLPs.
So as those LPs are in yield,
and if the community obviously chooses tokens
that end up running,
the community still owns that fund.
So that equity, that liquidity,
can still be routed back to VLPs in the future.
So yeah, I want to see what you guys think.
This is something that I kind of thought
is like a good way to attract new communities.
And from my BD perspective as well,
if we already have a $10,000 LP started with provable APRs,
that's easier for me to hop into a telegram
and swoon over some DJs over to our site.
Yeah, look, I love it.
And I think we can start to manage some internal ways
of working with something like that.
So, you know, if we are fronting up $10,000,
instead of us sitting there and continually doing this
and turning so much of that into positions,
what we could do is once the market is established outside of our own position,
we could then remove back our capital and take it back.
So, you know, we provide 10,000 once their community comes in
and brings it up to 30, 40, 50,000.
We can start to scale out
and take, you know, half of it out
or take the whole lot out
and then use it to continue
to stimulate the next one.
I think it's a great idea.
I think it has the potential
to be yield generating for VLPs.
It also potentially does run at a cost,
but the benefit is that we get this really strong social push where we have projects going people are going to do a five thousand dollar buy they're
going to build a ten thousand dollar liquidity pool and we can then go and leverage our token
and do this and do that and i think that that sort of stuff starts to become extraordinarily good social marketing
and then i think the other element on top of that is that then all the activity that we hopefully if
this is successful could stimulate that would then be feeding revenue through leverage volatility
farming which then goes directly back into feeding VLPs.
So it starts to become this really good flywheel of kick-starting attention economy,
creating more traction within base,
which I think is going to be a really strong ecosystem.
And then it just continues to snowball.
It starts to become this really big force to be reckoned with.
I think it's also a really good way of us solidifying ourselves
as a
uh what's the best way to describe almost like an incubator within the base ecosystem
where we are proving ourselves to not just base as a network but to all the projects within base that
we are supporting growth within the ecosystem and that starts to obviously bring within its own um our own positives where
we can start to talk to the base guys about how we can further integrate how we can get support
from them from social marketing maybe we take our vlps products and we launch it on base instead of
ethereum for instance um if we're going to be able to get the support because we're showing how much
we're giving back into that community um you know they've been great in having us uh be able to be featured in
the the coinbase decks and all that sort of stuff as well so there's already sides there that you
know we've got some positive opportunities ahead of us there exactly and there is obviously as you
guys are hearing on this call today there's a lot of stuff in the pipeline a lot of new opportunities
coming for fees
and the chart reflects it.
You know, we've touched, I think, $11 twice,
but we're building up a wonderful floor.
We used to be a $2 stablecoin,
then a $3 stablecoin, $4.
Now we're just chilling at five.
So I'm excited to see how we can keep building this step up.
I think the slow grind is better for my heart.
I don't have to deal with 80% drawdown
to try and get a 3X.
So yeah, it's good.
We're becoming a foundational part of DeFi.
And we're fundamentally much stronger
than where we were.
So the price is reflective of...
So in the past, the price was reflective
of future promise and speculation,
which is great.
Right now, we're reflective of
exactly what we're doing.
We're reflective of the foundation we've built in place.
And there's been conversations that I've had,
none of other people have had where people have said,
why is it so cheap when the TVL is sitting at all-time high?
Why is it cheap when this is happening and that is happening?
And the short answer is, I think we're early
and people have not clicked onto a lot of things.
So we're actually working on getting our revenue
and earnings showing through DeFi Lama as well.
For anyone who was paying attention when we got our yields showing in DeFi Lama and you saw how much extra TVL and deposits came in from people seeing how strong our yields were.
Imagine that.
But the people who are looking at revenue to TVl ratios and revenue to market cap ratios to see
what the best opportunities are in d5 those people are not talking people's right now
if they start to cotton on that we are leading the charge as we know we are in terms of how
efficient we are in driving revenue that goes back to vlps holders then that's where we start
to see some real traction kickoff.
And we start to have those pendle moments, I like to call it.
So I think that's going to be a really pivotal, like really low effort win that starts to
get a lot of attention on us.
The other thing is, as you mentioned, Dale, Base is a really strong emerging ecosystem.
Base is a really strong emerging ecosystem.
It's getting a lot of support from Coinbase themselves,
which obviously opens to a very big audience
that are not currently participating in DeFi.
We've noticed that our liquidity is pretty low over on Base.
And compared to what the pods are doing over there,
I think it's undeserved.
So what we're going to do is we will actually take
some protocol and liquidity from our main P's and DiPair,
maybe about 10%, and we're going to bridge that over
and we're going to put that over on base,
and we're going to consolidate most of the base LP
into the UniV3 pool.
So we should go from around 90,000 up to 400,000
on that LP pool.
So it could stimulate a lot more activity on P-PODs as a token,
as well as anything paired.
Exactly.
And just awareness across the base system as a whole.
So I think that takes it to our number two chain by protocol and liquidity size.
Nice.
And yeah, as I mentioned, guys, please leave us some feedback.
Right now I wanna actually open the floor
for any questions if anyone wants to raise their hand
and ask anything, or if you're too shy,
you can drop your questions in the Telegram.
I know Gator was dropping like a couple of questions.
I have to scroll up to go see them.
But yeah, feel free to drop your questions in Telegram
as well so we can see your question essentially.
I see Mangit saying, when out of beta?
Yeah, do you wanna speak on that meta?
Yeah, so I mean, I've constantly said, when out of beta.
The simple answer is, I don't have an answer. It's, we're gonna went out of beta. The simple answer is I don't have an answer. It's we're going
to be out of beta when all the bugs are out of the UI. So you guys who've used the protocol,
you know, there's certain bits and pieces that you go, I want this, I want that, I want this.
Those are the things that we don't want people coming in and going, oh, I've checked out P-Pods.
It's the final version, but all of this isn't in place.
We don't want those things to be bugbears for new people
that come in and check out the protocol.
So from a contract perspective,
I feel like we're basically ready to come out of beta.
So our product's proving itself.
We've got the TVL.
We've got all of this.
it's really just a label and it's really associated with the UI thing.
It's really just a label,
and it's really associated with the UI thing.
What I will say is UI work can be a really big time sink,
particularly when we then have other things that come up
that we need to go across.
We're fully conscious of that and we're actually actively looking
at the moment with someone who we're pretty interested in, in having someone come on board as like a part-time or ad hoc resource to
help us with a lot of the front-end integration work so all things going well if the conversations
go well if their references check out all seems pretty good um we'll have a lot more support and
be able to get a lot faster delivery on what did that UI work as well.
So short answer, I don't have a date.
Follow-up on that is we're actually working on extra resourcing
to help bring that date as fast, as close as possible.
All right, perfect.
Great answer.
And I actually brought up Forever Gator, one of the Peepod's OGs.
He had some questions, so this is actually helpful.
I was trying to find your messages,
but they're so far up in the chat.
So if you want, yeah, go ahead and unmute and fire away.
What's up, fellas?
Can you hear me?
What's up?
Yeah, and I can hear some crickets in the background.
Are you camping?
Yeah, I'm not on a walk, actually.
It's lovely, but I don't have a chest chest infection you guys gotta get those out of the way
okay so I think meta you cut out briefly but I think you said you guys are kind of scaling out
resources right now that was one question I kind of had is that like a it's like a temporary thing
are you guys planning on scaling up the team going forward?
Yeah, so the plan is absolutely to scale the team as everything grows.
We want to hit some certain milestones so that we can scale and afford to scale, so scale sustainably.
So the biggest thing, to be honest, is we all care deeply about our protocol and in fact we care
about it more than anything else to do product to do with um ourselves like you know a lot of people
care about their paycheck first and all that sort of stuff as you guys know our focus is on just
making sure the product is as safe and solid as possible what that means is when we do vet new
people coming in we're extraordinarily picky on who we bring into our group um this is why you
know we we do like to bring in from the community because we can see people have passion people
understand the product and we we have a bit of trust and faith in them so the biggest thing for me is yeah we just
we want to scale we will scale we want to hit some revenue milestones so that we can make
sure it's sustainable but then the other part is we just need to find reliable resources as well
which is the hardest bit fair enough yeah that makes a ton of times yeah great question uh
yeah i saw you had some other ones. Do you wanna fire away any more?
Yeah, actually these are unrelated
to the ones in Telegram.
I was just curious with the release
of PP's landing on next week,
are there any partner protocols plans to launch
or is this gonna be more of like a open market
organic type of effort?
It'll be more open market and organic,
but we've been speaking with a couple of people
that are interested in setting a couple of pps pods up so we will probably follow that path
i don't correct me if i'm wrong and there was a couple of other things lined up but i think
yeah we had a few a few um pods lined up but not directly protocol to protocol.
Yeah, this is more so be obviously for community, like bigger pieceholders. I think PPs will really be a better product for our service, I should say, for our whale holders.
Good stuff.
All right, well, last question.
This is one question from the Telegram.
I was just curious about the reopening of the meta vaults, like fully.
What type of things are going to be required to get that going?
Appreciate it, guys.
That's a really great question.
In turn of myself, we've been going back and forth.
So we have been looking at the allocations that we want to supply to each pod.
So we've gone through pod by pod,
and we've checked the oracles to confirm their depth
and their reliability and all this sort of stuff.
We've needed to do this.
There was a couple of contract adjustments that we made as well,
and solidifying some of the oracles on things like PHO long,
where the base conversion oracle wasn't strong enough.
So we've gone and done a bunch of work
to be able to integrate the D oracles
for the base conversion as well.
So we had that done, we had that audited.
So that's part of why the delay took so long.
But we solidified that up by taking it
from a $30,000 pool, which could have been manipulated,
up to a $10 million pool, I think,
which is not going to get manipulated.
So there were some
things like that that we wanted to put in place to ensure metavolt funds were going to be safe
we're now at the stage of quite literally just reviewing exactly how much we want to allocate
to each pod so intern and i just going back and forth on the last couple of things on those and
there's always potential for delays but it feels like that's something we can get by
and push live by the end of this week
perfect and i see one question here that forever gator did drop in the telegram
is it true that peas is going to a hundred dollars and et is going to be sidelined honestly i think it's
predestined i think it's totally predestined the et is selling at ten dollars yep yeah it's going
to at least 69 if not 100 yeah all right any other P heads have any questions here?
If not, I think this is probably a good point to wrap up.
We had a nice 50-minute jam session here.
Yeah, cool.
Okay, looking good.
So, yeah, thank you very much, Meta, for setting this up.
We actually should probably do this maybe, I don't know know like once a month or something i'm thinking and we're gonna get up some other peace community members
because we have some giga brains that are cooking up some cool things to build on top of peace
which i love to see innovating on top of innovation so yeah stay tuned guys we're
gonna have more of these spaces coming up i hope you guys enjoy and have a great night, everybody.
Thanks, Del. Thank you.
