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Poolshark X Bond Protocol AMA
Recorded: Dec. 11, 2023 Duration: 0:46:51Space Recording
Full Transcription
GM Pool Shark team.
GM, GM, what's happening?
Life is good.
You know, I mean, we we have no idea what happened this morning.
Like, I think I think our team's pretty humble.
So I think we're pretty surprised that our like pre-sale sold out in like 30 minutes.
But I I had a I had a Boolean condition flipped in the UI.
So when the sale went live, people in the discord were going crazy.
Like, I can't buy like I can't click buy buy.
They're going crazy.
They see it start filling.
So like someone puts in 30 K in like the first minute and people are just going nuts.
And then I put I push a fix within a couple of minutes and then everybody's able to start buying.
But I mean, it was just it was amazing.
Everything happened a lot faster than I could have or like we could have expected.
Hell yeah, man.
Yeah, it's been great partnering with y'all, which we'll get into soon.
But glad to know that everything is going well, going smoothly and that the community is stoked.
Hell yeah.
No, we've everybody.
You know how it is.
Like everybody is is dropping their thoughts.
And so like probably the next after this sale being successful, like probably the next thing is to actually see liquidity for the thin ETH pair on our exchange.
And like that will kind of help us kickstart the process.
Obviously, it'd be the first place that it can trade and we can start, you know, putting together ideas other than the ones that we've come up with of like how we can drive more value to.
We're stakers in that and, you know, actually make this like a system that people want to participate in, because I feel like that's definitely something that's missing, at least for me, like just kind of looking across DeFi.
Yeah, man.
I mean, excited to dive into a lot of the big brain ideas we got soon.
Yeah, we'll give a poke for this space.
But yeah, I think we can probably start in like five minutes or so.
That works for you for a minute or so.
Yeah, I mean, people can always listen later if they choose.
Yeah, yeah.
Cool.
I mean, on your ready, sir.
I mean, when you want to start, we can kick things off.
Yeah, yeah.
Let's get right to it.
Yeah, I mean, really excited to talk about the partnership with PoolShark and Bond Protocol.
PoolShark's had some pretty exciting developments in the past 24 hours, which, you know, I'll hand the mic over to you to talk in further detail.
But yeah, I think it would be helpful just to have the PoolShark team introduce themselves, talk about what's been going on today, and then lead into the Bond Protocol partnership.
We can take it from there.
Sure, so a bit of intro about the product.
So we started working on this, I would say, November of last year.
And our goal in building this protocol was to allow people to have, you know, the same order types that they were used to on centralized exchanges, but bring those over to AMNs in a way that was friendly, that's scalable.
And that makes sense, you know, for a trustless protocol.
So, you know, the first thing I was really excited about was just like having a stop loss of DeFi because that would, you know, allow you to dynamically rebalance your positions.
It's not like a, since it's a directional position, it's not going to always match one-to-one per se with an LP position, but it's something, it's a tool that you can use.
And I'm definitely excited to see how people leverage it.
That we're calling Cover Pools.
We haven't yet actually pushed that live because we, you know, make sense, like focus on one product.
The product that we've launched now is called Limit Pools.
And that allows you to have these one-way range orders in a liquidity pool, along with the normal two-way liquidity that people have become used to seeing on AMNs.
So this allows you to do really cool things like, hey, when a token launch happens, I'm going to buy at $3.
And when my transaction executes, if I can get my $3 price, perfect.
It's just a normal swap.
If you can't get that price, then it puts an LP position for you.
And, you know, the end result is you put one transaction for a token launch and you walk away.
You just say, this is the price that I want.
And that's it.
So, you know, that's the whole product.
And it definitely, this is, you know, an entirely new way to sort of manage liquidity.
The same AMM curve math that, you know, has been around, namely the curve math that was introduced with Uniswap V3 is there, right?
But certainly we had to spend several months crafting, you know, the system for this that was going to underpin this one-way liquidity.
That's awesome.
And, yeah, I know y'all have been hard at work over the past couple of months.
So, like, specifically when PoolShark, when everything.
Can you give folks a little bit more details there?
Yeah.
So, we just launched everything live on Mainnet today.
So, today you can go and you can try out the protocol.
We're basically, the first month, we're really just focused on security.
This is something that, you know, not every project gets right.
Like, we just kind of hope that we get lucky in this space and that nothing bad happens.
But, you know, over the holiday, I think we're taking extra measures to make sure that everything is rock solid from the user experience to the actual smart contracts themselves.
Then, when we come back from the holiday, we're going to kick off Season 1 rewards.
This is kind of where we're partnering further with Bond Protocol.
Obviously, we did the initial bond sale, but we're also going to leverage the options liquidity mining, which is the ability for the Dow to actually pull in revenue, which can then be used for things like purchasing liquidity to drive those fees back to stakers.
And, you know, being able to direct value and revenue in ways that have not been experimented and tried with before.
And, you know, just like every other project that has come up in this space, like it, the value that we can provide as a protocol is trying out new things and being able to, you know, bring something new like option.
I mean, optional liquidity mining has been around for some time.
However, it's not something that has reached a mass market slash mass audience yet.
And I definitely think that we have an opportunity to show that, you know, with Bond Protocol.
Yeah, and definitely want to talk more about options liquidity mining soon.
Yeah, it's been really cool to partner with the PoolShark team because you are implementing Bond Protocol across the board, so to speak.
So for the folks that are just tuning in, just introduce myself, Joe, Joey, Big Fish Joe.
So I lead BD in strategy at Bond Protocol.
But we offer permissionless solutions for projects to secure protocol and liquidity, diversify treasuries, extend runway via issuing vested tokens to their community or optionally vested tokens.
But, yeah, I mean, specific to PoolShark's implementation, I think it's pretty cool.
I mean, you're using like the fixed price bond offering.
So can you walk through like what your thought process was there and kind of what the goal was for the PoolShark offering and how you're thinking about that?
Yeah, so the goal of that was twofold.
So, number one, we wanted to make sure that we could actually see liquidity for FIN to bootstrap that pair because, you know, going into the options liquidity mining, the FIN ETH is kind of the cornerstone pair, right?
Like, for example, on Curve, people are farming on Curve so that they can receive the CRV token and they can tap into the liquidity of the Curve pair.
So, you know, in order for us to have something that people want, right, we need to first bootstrap the liquidity for the pair.
So that's priority number one.
Priority number two was the team having enough runway and also not being heavily backed by a private round.
And then that means that we can actually build in the public for the public.
And, you know, so I was actually really surprised at how the bond sale went.
So I talked about this a little bit at the beginning, but the sale went for 30 minutes.
So it's not something that, like, you know, just, like, disappeared, like, immediately.
And, like, in past public sales that I've participated in, the token supply is gone, like, in seconds, in seconds, usually.
Or, you know, like, just poor experience, usually, I find.
And this actually went really well.
We had people hanging out in chat and, you know, saying, like, oh, I'm going to buy more.
I'm going to buy more.
And it was really cool to see.
So the bonding is obviously nice because they cannot just go and dump it immediately.
Like, we don't just, like, seed the liquidity and then people can trade immediately.
They're vested for a short period of time.
And that period of time lines up perfectly with the start of the season rewards.
So people's token will unlock at the start of season one.
They can start staking and earning rewards then.
So, you know, for us, we've really tried to take a slower approach coming out of the gate
and be a lot more thoughtful about how we're, you know, minting out the token supply
and making sure that, you know, the people that come in, that they don't feel like, you know,
there's a lot of mercenary interests at play.
Now, you bring up some really interesting points.
I think what you mentioned, just taking, like, a slow and methodical approach to bootstrapping
liquidity is, I mean, it's always been really important, but I think the way that you've
thought about, like, bond issuance into options liquidity mining and, like, how to implement
that at different phases of your growth is what, you know, we try and advise to different
projects as well.
So you mentioned that you've been able to bootstrap some initial liquidity via bond
protocol and your bond issuance, but specific to options liquidity mining, like, what are
you thinking as far as the goals and how you're going to implement it and how is that going
to benefit PoolShark?
Yeah, so I talked a little bit about the season rewards, which we can run for some months.
And, you know, with that, we're being very strategic about where those rewards are allocated.
So a lot of that we're putting into pairs that are specifically targeted that are going to
help us bootstrap activity on the exchange.
So a couple of those, like ARB USDC, also ARB Weave, those have been seeing a ton of volume
per TVL, so, you know, pairs that people would already be, you know, profitable or seeing
a lot of volume, not necessarily profitable, but they're just seeing a lot of volume on as
an LP.
You know, we just want to, like, add a little more to that.
They receive OFIN, which gives them the ability to, they get something, right?
They can, with our limit swap feature, they can actually put up that one-sided LP and then
someone can come in and they can, you know, swap it out with Weave.
And so because of the feature we offer with the limit swap, it's easy for them to actually
go and sell the OFIN if they want to, right?
But they won't have the liquidity to tap into, so, you know, they might get, you know, gutted
a little bit in terms of the value that they receive for the OFIN.
With them having to get FIN at a discount and exercising OFIN, they will give value to the
DAO treasury, right?
Now, you can actually create a moat with your DAO, with your treasury, and build that up
over time and do a lot more strategic things.
So I feel like this is kind of opening up, the options of liquidity mining opens up the
gate for us to be able to actually do something meaningful.
Even though regular liquidity mining is a much easier, and we've definitely gotten this feedback
from people, it is not sustainable.
And it's also not really, you can't, you don't have any revenue that you can actually do something
with.
So I feel like even though it's been around for a bit, like it hasn't been really put
to work and it hasn't yet been, you know, there hasn't been someone who's tried to create
a flywheel for the options of liquidity mining.
I think probably the closest example of what we have, like the protocols that we have today,
BunnyPro, they're a liquidity manager for Uniswap B3, and they have the OLIT token, and they've
been able to, every time they issue those, they bring in about like 600 to 800K worth of
revenue.
I'm not entirely sure what they're doing with that revenue.
I don't think that they're actually doing something with it.
So, you know, in our case, like, I want to take it a step further, so that like, even,
you know, you and me talking about it here, you feel like, oh, this is a system that I
want to participate in, because, you know, I feel like I can accrue some value.
No, absolutely.
And you covered a lot of ground there.
So just to, you know, simplify it a little bit for the folks on the line, who might not
be familiar with options liquidity mining, it's, as the PoolShark team mentions, it's
been around a bit since like the Andre Cronje days, through which rather than liquid token
incentives for standard pool two incentives, or you stake LP tokens, or do something and
you get tokens that you can sell, you're given an O token, which is an options token.
And so those options tokens can be, well, they have a configurable strike price and can be
exercised.
And yeah, through that, rather than the treasury, you know, just being depleted from liquid token
supply, they're able to at least recoup something in return.
And so PoolShark is implementing this model so that rather than bleeding out their fin supply
through issuance of OFIN, they're able to at least recoup some assets that they're going
to be using strategically in their treasury.
And a core principle of treasury management is just shepherding and stewarding resources
to spur protocol growth.
I think a lot of people misunderstand treasury management as just kind of incentive management,
but the PoolShark team is taking a very methodical approach to say, hey, like we're going to use
the resources that we're acquiring through OLM, through bonding in order to, you know, actually
spur the growth of the protocol.
So that brings me to my next point.
So like with options liquidity mining, you mentioned you're going to be growing your treasury
and applying the treasury.
Do you have any details on, you know, like where those resources are going to be applied
and how you're thinking about using your treasury that's going to be growing through options
liquidity mining?
Yeah, so I mentioned the big one, which is just purchasing liquidity to foster more activity
on the exchange, you know, just stable, stable or ETH, Steeth, for example, that would definitely
be a powerful pair that, so anything stable is going to, you know, not experience LVR and
then it will be able to drive fees to stakers of FinToken.
So people that, you know, buy the FinToken and they're not locking it, they're staking it.
Um, they will accrue multiplier, multiplier points.
So loyalty in this system will be rewarded.
And obviously those people that are more loyal, uh, will receive a larger share of the protocol
fees.
So this is definitely a, uh, long strategy, but, you know, if played right, it can, you know,
I think it's already healthy to start thinking about, um, you know, three, some plus years
from now and thinking what that's going to look like, because, um, you know, it's not
the difficult time is not when you, when everything's, uh, going your way and you, you know, how markets
are like you get that euphoria and it, it just totally shifts your perspective in terms of
what's, um, commonly accepted or expected.
And, you know, then it becomes hard to be responsible in cases like the last couple of years.
So, um, yeah, I just think it's really important to think for, think for the longterm and be
able to cap, you know, any, any growth that comes our way that we can capitalize on that as
much as possible.
Brother, I want to put you on a pedestal and have you speak to like every Dow, um, at least
like every Dow treasury right now.
Um, no, it, from your point where it's like, Hey, when it's easy mode and like token prices
going up, um, it's easy to get really euphoric and not think critically about, um, like, you
know, your token economics or, um, like how you're actually planning on sustainably growing
your treasury.
But from basically the inception pool sharks been thinking about this very critically from their
initial bond offering.
And then also, um, the options, liquidity mining implementation that y'all are doing.
Um, so you mentioned a multi-phase approach.
So we're, we're on phase one today and we would love to hear more about like what phase one is
looking like and how it's gone.
Um, but then what folks can look forward to in phase two for pool shark from, from today
onwards.
Yeah.
So phase one, of course, has been just, uh, bootstrapping everything.
And like I said, uh, building in the public, making sure like we're funded by the public.
Obviously there's kind of like no such thing as a fair launch because if there will be somebody
that, uh, does things that we might consider unfair.
Um, but, uh, in our case, it seemed to go pretty well.
So phase one was just doing the bond sale, then bootstrapping liquidity for FinEath, um,
making the user experience and the smart contract security rock solid.
That's sort of this first month.
And then phase two, we go into the season stuff and that's where the option is liquidity mining
kicks on.
And, you know, to me, that's where the real growth phase starts and we start to see sort
of what the long-term implications of this system looks like.
We will be tacking on stuff over time, but, you know, as you can see, it's like build that
really strong foundation, build that really strong core, and then kind of tack pieces onto
that.
But this, the system of governance of even the token itself is just, just a standard ERC
20 with mint and burn.
Like we didn't, I didn't, there was nothing added to, uh, the ERC 20 because you can always
build that on top.
So that's kind of the way that this system is being thought about is like, let's build a
really strong foundation from the core.
And then let's add systems onto that systems that we know work.
We've seen the blur system work really well for blur being able to get and keep market
share, uh, from open C.
And you can also see that there's some strategy alignment in terms of blur has a really good
product.
We also think we have a really good product and we think that we can make it even better
than what it is today.
And, you know, the combination of like good products and a good incentive system, that's
what I think, uh, will lead to us having continued success.
Uh, we're super grateful for, um, you know, how things went today, but that's kind of, you
know, the thought moving forward is like really strong products and that's used to keep user
retention, but then also have a strong incentive system so that people feel that piece of ownership,
uh, that makes web three really special.
Man, you're, you're really hitting the nail on the head on a number of different points,
uh, whether it's ownership, whether it's, uh, incentive alignment, thinking of the alignment
of, of product and incentives.
Um, so yeah, your, your products just, uh, you know, getting off the ground, so to speak.
Um, but can you talk a little bit more about what the, the product vision is for, for pool
shark and, um, whether it's the near term or longer term, how you're thinking about aligning
the incentives between the product and future token economics plans?
Um, yeah, so beyond the things that I mentioned of the season rewards, there's also, uh, starting
next year, going to be a big focus shifted towards, um, you know, stuff like MEV doing MEV
auctions and finding ways to, uh, better distribute that profit.
So, um, there's these guys called fast lane labs that, uh, I'm pretty good friends with
and they built a product called Atlas that allows you to plug into, if you want to plug
into flash bots for privacy, if you want to plug into blocks route to get, you know, the
best execution.
Um, we sort of want to make this something where like a product, you can make it into whatever
you want.
Um, so, um, another thing that's kind of, uh, had my wheels turning a bit is going to,
uh, save layer.
So save layer is a, uh, vesting streaming protocol and they allow you to customize your vesting
stream.
So if you want a linear vesting, if you want a bunch of cliffs and, you know, to me, that's
what I want pool shark to be able to be is like, you can do anything.
Um, not this like, Hey, we're just going to give you this wrapper and you have to do
things exactly our way, because that's kind of how it's been to date.
Go to any AMM platform.
They're like, you got, you go to balancer, you have the weightings, you go to curve, you
have the invariant curve, you go to Uniswap, you have the X times Y equals K.
And they, that's their culture of like pushing their curve math onto you, which, um, doesn't
make a lot of sense.
And there, I'm sure there will like these other platforms I'm talking about will make
these adjustments for sure.
Um, but I want to really go the full distance with making it a platform in the long run.
Like, you know, you look at it now and it's like, okay, how is this going to become what
you say it is?
But, um, I want to go the extra distance because, well, I think, I mean, I developed, uh, these
protocols, the, the limit order and the stop loss.
And so I've sort of have certainly have some idea of how you could build a platform for
developers, um, where they can just plug stuff in and make it super, uh, super modular.
And so I think that's kind of, you know, looking beyond what are, um, and I, like, I want to,
uh, strike a balance to say, like, I don't believe that, you know, like, you know,
like, like developer hooks, for example, I don't think that that is like something that
is needed necessarily for the mass market.
I think that, that developer hooks, like what Uniswap before is introducing that, that helps
for experimentation.
However, uh, the goal should be in the end to build an opinionated protocol.
There should be a best version.
And so, um, even with the first version of pool shark that we shipped, you have all the
all these different pool types.
So at any point we can say, Hey, we want to add another pool type.
And now it just plugs in to that interface you already have.
And we, you know, just work it into the front end.
So I think giving the user the, and whoever's launching the pool, the ultimate ability to decide
whatever they want.
And, you know, it's just like any product.
It's a continual, um, uh, uh, feedback loop beyond sort of expanding what's available for
people that are creating pools.
Obviously want people to be able to track their P and L on the platform.
Um, obviously you want to, um, show like your LP profitability, for example, and, you know,
what are the fee, what's the fee revenue that you're earning day to day to give you some
insight into that.
I think that's definitely something that, um, and I'm could be, could have been doing better
to date and, um, uh, what else, I mean, really just making it so that when you come to our
platform that you are confident that you're getting the best price, like I, you know, in
my heart of hearts, like, do I know if I go to, you know, pick the, pick the exchange, if
I'm getting the best price there, um, you know, maybe on these like aggregator of aggregators,
like cow swap or something else, like you will get that.
Um, but I want to make sure that we're not just like, you know, forcing users to trade
against our pools that we're actually giving them the, the best price.
And then they're also getting the, you know, privacy options they want.
They're getting the execution options that they want.
And, um, yeah, I think, I think that's what you need to build.
The full product, you know, other than just, um, uh, some DeFi protocols have been giving
people command line interfaces and stuff like that to interact with the protocol.
And yeah, I mean, there's, there's just, there's a long list of things, right.
But I think ultimately listening to the users and then also thinking from our own point of
view of like, what would make us use this more, right?
What would genuinely honestly make us, uh, you know, feel coming to this UI, like I can
use this every single day and, you know, then builds a list of, uh, how we continue to expand
the product and sort of not get stuck where in my mind, the other protocols have gotten
stuck.
And I think, you know, it's sort of, uh, being a little too married to a certain identity.
Brother, uh, I just want to let you cook, man.
Um, you've been covering topics, I mean, between, uh, like your perspective on hooks and, uh,
I really liked your ending point on just the importance of like the user interface and just
making sure that it's accessible to everyone.
Um, you know, if we're going to bridge people over to, uh, you know, using crypto, it needs
to be understandable and there needs to be some type of, uh, obviously interface in order
for them to understand what the hell they're doing.
Um, so, um, yeah, I mean like specific to, you bring up the point of customer feedback.
How did PoolShark go about, um, like understanding the voice of the user and getting that feedback?
You mentioned you had your own convictions, but like, what would you actually do to go out
there and figure out this is what people want from an LP or a trading experience?
I think because, because this space and like, I know this, this answer is not really going
to be satisfying, but the, the, the guts of like what these defect protocols are is so
technical that I think it's really hard to go out and ask the user what they want, because
in this, in this space, there just are things that have not been translated over well, it's
like, you know, and you know, the first phase of DeFi, like Uniswap, Aave, uh, maker, right?
Those were the products that really hit with people in terms of something that was decentralized,
but also gave them access to a certain service that they wanted.
So really to me, it was like, okay, I know, like I'm coming into this space.
I'm playing around with the old farms.
I'm losing money.
How do I fix this?
Cause I've, first I have to fix this for myself before I can fix this for other people.
So to me, that's, that's really the approach.
And like, before you even go to anybody, my goal is like, I want to give you something
that makes you want to continually give me feedback.
Like I put you super close to like, Oh, like this is like, I know this is, I just intuitively
know this is better.
And then you'll feel like, Oh, this person intuitively understands the problem that needs
to be solved here.
Let me, instead of giving my feedback to the other people that are not solving the problem,
let me give my feedback to this group of people.
And that's like, that's the attempt here.
It's like, I didn't like asking for people.
Like there was, there wasn't an answer.
There wasn't an answer of like, how should we do a stop loss and look pretty full?
How should we be done?
How should that be done?
Like so many people have done that for hackathon project.
I did that for hackathon project two years ago.
And, um, it was literally like an NFT that was just a position, right?
Just, um, like how Uniswap V3 has a position on NFTs and it had a take profit and a stop
loss.
And, um, we got some prizes from the hackathon.
It's a little harder to do hackathons now, um, and win a prize, but, uh, you know, it
just, the things that I wanted to build just did not exist.
They just, they just didn't exist.
And, um, I just said, okay, I, I want, um, this, a LP position to trade one direction.
Uh, I talked to, uh, Dan who's building risk, uh, which is an options vault.
And, you know, year and a half ago I was working on a trade order book.
So, which, you know, I, I still get teased about to this day, I'm, I'm sure.
Um, but, um, that working on that led me to exactly this, which is you can't have a single
price, right?
If like you sell something at an exact price, now the price moves, you have to move it around
because you've, you've concentrated your position to the max at one price.
So then I said, okay, well, if you can expand the surface and you can, uh, you know, give
a range of confidence, you're less confident, you can go at the wider range.
This, this to me was what would allow options to be able to trade on an AMM was you being
able to cast a wide net to say, oh, I want to buy the option, this range to spread your
liquidity over some range.
Then you didn't have to be super confident about what the price was and keep, you know,
moving around your one price.
So that was kind of where the whole inspiration for this came from.
Um, he also, I, I tried to actually turn Dan from risk onto, uh, Arrakis, which was doing
automation on top of Venus swap B3.
And he came back to me and he said like, this is great, but this doesn't, this doesn't solve
our problem.
And it was basically when I read those words on my phone in the morning that I knew like,
I have a product, this will work.
People will want to use this because people will want to exchange this on chain and they
won't want to have to, uh, have it be super complicated, like in an order book where you
just have to keep moving it around.
Or, um, you could go to, you know, there's, uh, off chain order books, like, uh, AVO X,
Y, Z and Vertex.
And there's probably some other ones that I'm missing to try to sell that stuff.
Um, but I think, you know, there's, uh, a nice middle ground where you can still have
this, the very simple user experience of an AMM and be able to put up your one position.
Okay.
I want to sell, uh, this option over this range, or I want to buy it over this range.
And, you know, I, I think, um, I think that's an experience that translates a lot better to
me, at least into what DeFi is trying to do, which is, uh, make things really simple, bring
as, as much of the stuff on chain as, as you possibly can, because then it's transparent.
You know how it's going to execute every single time over and over and over.
And that's what makes me feel, uh, safe as a user.
Like when I was setting up the, the bond sale this weekend for bond protocol, I did it a
couple of times.
Right.
And I wanted to see like, okay, if the weave comes in, that's going to go to the safe,
the person that deployed it.
Right.
I, I think a lot of people in this space are that, um, uh, precise about how they want things
done.
And, you know, I, I, I'm, I'm very certain that, uh, people will, uh, continue to still
use order books at very large scale.
And obviously they're much more efficient for allocating capital.
Um, and AMM is just something that's like so much simpler than that.
And so I feel like, you know, in sort of building a financial system that can't, that anyone
can use, it sort of has to be simpler.
Right.
And so like, that's, that's the whole goal with the protocol, with this product and, um,
you know, limit swaps give you fat finger protection.
If you sell, if you, if you go on our UI right now and you try to sell ETH for $1,500,
it will not let you, you will swap at the market price.
So it, it protects the user from, uh, selling something at a bad price from, uh, not knowing
which action they should do.
Should I swap?
Should I create an LP position?
Doesn't matter.
Like the, the, the smart contracts will figure that out for you.
Again, you're, you're cooking right now, sir.
Um, we're going to invite you to speak to our podcast soon to dive into a number of these
different topics.
But, um, yeah, I mean, you, you bring up interesting points as well.
I'm just trying to simplify some of the complexities that are in DeFi as far as, uh, whether it's
the LP experience, the trading experience.
So for individuals that are listening, um, like how can they learn more about pool shark
and how can they get involved and become experts in, in what you guys are doing?
Yeah, I think, I think the answer right now, so like, because so much work has been poured
into the front end and obviously the smart contracts, um, just, just come and talk to us.
Like, I think, I think that's honestly the best way, like just come and talk to us.
Like we want to, um, actually have people learn, uh, you know, how, uh, how the system works.
Just come and ask us like any questions.
Someone was asking us about the slop, the stop loss system that we build and asking us
about work and manipulation.
And, uh, it, people asking those kinds of questions just reinforces like, okay, like
we need time to actually roll this, to have people understand this and be able to ask these
questions, um, you know, to, to comb through like how much thought and care, like we've,
we've given in building this.
Um, and yeah, I think just, just come talk to us.
Like we were hanging out in the discord, like pretty much all day today, people are popping
in asking us questions about the sale.
Um, you know, what's the next steps, et cetera.
So just come and talk to us.
Like that's, that's honestly the best way.
Like we're, we're here to build stuff for people.
Um, and you know, if, um, at least for now until, until AI takes over, then, um, then I
don't know, but yeah, then, uh, I don't think anyone knows about that.
So we'll, we'll just pretend to be okay until AI takes over.
Um, but, um, just ditto to that.
I mean, for folks that are looking into learning more about pool shark on protocol, like definitely
enjoying discords.
I know, uh, recently there's been a little bit of drama.
It seems on like some, some discords that are starting to shut down.
Um, but I think it's the best place to go and ask questions, um, to foster the, the spirit
of decentralization, all that jazz.
Um, but yeah, uh, I know we've covered a lot of ground over the past 40 minutes.
I mean, we talked about why pool shark is partnering with bond protocol.
We talked about, um, how you're thinking about options, liquidity mining.
We've talked about your product and how you're actually qualifying market demand and building
for, um, like specific, uh, use cases for traders and LPs.
But I think looking to the future, um, like what, what do you see as being, um, the next
frontier for our partnership between pool shark and bond protocol?
Yeah, I think, I think thus far it's really been about like each of us building our products
together and, um, you know, as we build out our product and like, so, you know, we, we
took bond protocol and we were able to build our own interface, which obviously just goes
to show like, okay, you guys built this system so that people can go and spin up their own
interface if they want to.
So I don't know, like, are we the first team to actually do that?
Uh, no, I mean, um, we have had, uh, bond issuers that have deployed their own front end interface
for, um, like utilization of our bond contracts.
However, pool shark was the, uh, first one to utilize our fixed price bond offering.
So y'all are definitely like on the frontier in the novel applications and, uh, we're looking
forward to, um, continued partnering around bond use cases, but then also, uh, your feedback
and how we can improve the bonding experience for everyone.
Yeah, a hundred percent.
And so, you know, I, I guess that's really what I see moving forward is like us being
able to develop our products together and kind of as the network effects grow of, um, each
of our protocols, uh, you know, sort of able to bring more things into the fold.
Um, I swear I had some product ideas that I wanted to throw your way.
Um, I'll, I'll have to ping you if I remember what those are now.
I think it was something around like, um,
We can save this for the next episode of Dowversified, our podcast, where we'll bring you on.
So let's not give the listeners too much information now for enough, for enough.
I think that's enough alpha for, for one episode.
Yeah, definitely.
Um, well, pull shark team, we really appreciate you, um, talking through everything here.
I know we covered a lot of ground.
And so for folks that just tune in for part of it, definitely, uh, you know, watch on 1.5
X to, to learn all of the information and knowledge that pull shark has bestowed upon y'all
across bonding, their IBO, um, uh, everything that they're building out in the future of the
partnership.
Um, but yeah, we'll, we'll bring you guys on for a deeper dive on our, on our podcast soon.
And, um, yeah, we're really excited about how you've, uh, embraced the bond protocol
products end to end, whether it's, um, our fixed price bond offering in addition to options,
liquidity mining for the future of it as well.
So we're, we're looking forward to a lot of, uh, additional information and, uh, feedback
and improve it in the partnership and how we can grow our products together.
100% man.
And, uh, and looking forward to the next one.
Cool.
All right, y'all.
Um, thanks for tuning in and, um, yeah, as, uh, the pool shark team mentioned, um, discord
is the best place to reach them.
Um, ditto for the bond protocol team.
If you want to learn more information, we'd, uh, be happy to discuss whether it's specific
to both of us collectively or us individually.
Um, but yeah, more information to come on the partnership and how we're working together
in a new product dev.
So yeah.
Um, thanks so much.
And we will talk to y'all soon.
Dear buddy.
Thanks for joining.
All right.
Thanks y'all.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
Thanks.
