Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Pryzm Alpha Hour - Photons S3 & Cosmos Yield Strategies
Recorded: May 21, 2025 Duration: 1:03:51Space Recording
Short Summary
In a dynamic discussion, crypto enthusiasts explored the recent Bitcoin all-time high, the upcoming PRISM token launch, and innovative DeFi products aimed at enhancing user engagement and yield opportunities. The conversation also highlighted strategic partnerships and the importance of education in navigating the evolving landscape of decentralized finance.
Full Transcription
Thank you. Thank you. Gen Z, I added you as co-host if you see that request.
Hello, everybody else.
Hey, Ollie.
I just arrived back home.
Oh, nice.
In Canada.
Yeah, Vancouver Island.
God, it's nice to be home.
Very good. um but why
we got to see the back of Florida yeah I was done with Florida it's too hot now
okay I am just trying to add a few more people
I am just trying to add a few more people.
I just, JG got me thinking that I need to be inviting
co-hosts every time I do one of these,
just in case it crashes out.
Genzia, have you got your invite for Malina?
I'm guessing that's you.
You don't see it pop up?
No, but I wonder if now that I'm a speaker, if it guessing that's you. You don't see it pop up. No.
But I wonder if now that I'm a speaker,
if it'll just populate.
No, it doesn't.
It's like asking me to invite separately
who I want to click on co-host,
and then I click GenZo,
and then click send co-host invite.
So weird.
So weird. It's been buggy all day uh we've had issues all morning with spaces so uh
thank god we pushed it a few hours later ollie yeah welcome to the new time there we go we'd
we'd had um some people had said that this time works better for them. I guess like in Europe, it's just less out of rush air and stuff.
So hopefully more people could join or people are kind of free to participate and stuff
and feel like they can ask questions or come up and speak.
Let me know if you can't.
Is my sound quality okay?
Yeah, it sounds good.
It's kind of clicking out in and out of it.
Okay.
Let me just hold the mic right there in my hand.
I've been doing this with my pen.
It's me clicking, I think.
Cool. All right right nice one we can we can maybe get
cracking photons season three I feel like last week we we touched on it, but we didn't really talk about it. We're already in season three.
Yeah, we are.
Yeah, I'll do that as well. And also happy Bitcoin all time high everybody.
That is, I think that just happened, didn't it?
So that is exciting.
So yeah, like well done everyone that stuck it out in the trenches
and didn't pack it in.
And like always, I'd say, yeah, please do,
if you have any questions, pop them in the comments section
or raise your hand and we'll get you up.
If you're requesting to speak
and you've got like a million different emojis in your name,
then I might get scared and not add you.
So maybe put your comments in the chat.
If your account looks legit,
then definitely feel free to come up and ask questions.
Definitely feel free to come up and come up and ask questions.
What a yes.
So I guess we've like what's happening with us at the moment is we are.
Working really hard now, season two is done and we've airdropped tokens from season two to get the launch ready to go for people like,
you know, this will put the PRISM token out
in wider circulation.
And, you know, hopefully, you know,
at the moment, it's only really people
that have been doing State Drop
or people that are PRISM users that have got it.
This is going to give everyone an opportunity
to buy the token who hasn't used the protocol or hasn't participated in the stake drop.
Also, the important thing, I guess, for most then that's gonna, that's gonna give, uh,
anyone that wants to trade prism atomically, um, the ability to, uh,
the ability to do so. So we're doing that. And then at the same time, um,
we are heading towards, uh, we are heading towards our token launch.
Sorry, not token launch.
We're sort of building out these new products
that I mentioned before.
So we've got the AnyTokenToAnyOtherToken order book coming,
which I'm super excited about
because there's nothing else that I've seen like it in DeFi
in terms of the way that it works
and the unique features that it's got.
And also just the UI is going to be a lot of fun.
So I'm excited for that.
And then I think, you know, the lessons learned from this time around are, you know, there
will be a token for that.
That token is going to get airdropped quickly.
We'll try and get the product like you know the token live and the
product live quickly and i think you know um hopefully big long points campaigns are like a
2023 2024 thing i think this time you know the aim is to get tokens out into um prison users you
know prison users hands uh sooner rather than later.
And then we also have this money market we're working on, which is going to hopefully add
a lot of new strategies that people can do with Prism assets, but also the money market
will work for any token or any asset.
So, you know, big liquid assets like bitcoin but also
uh less liquid assets that don't have amm prices or rwas or um even nfts so we have that coming up
and then also those two primitives can actually be adapted to um create options protocols. So, you know, buying the rights, but not the obligation or to either buy or
sell, you know, any token you want for any other token. And all of these things are like completely
new primitives that don't exist in DeFi at the moment. So I'm super excited about the stuff that
we're building and super excited about getting the token launch over and done with for people and having a, you know, a freely trading liquid Prism token.
So we've got that.
And then we are, yeah, like we have the Prism Photon Season 3 campaign that you mentioned, Melina.
That's going well.
We're seeing some, we upped the photons a lot on some of the stable coins.
So Sky's USDS and also USDY.
So we've seen a bit more liquidity coming to USDY.
But to be honest, like I'm a bit surprised we're not seeing more because it's so easy to buy on Osmosis USDY.
And you're literally able to earn a huge amount of Prism tokens by just providing stable coin liquidity.
And you're also earning yield and swap fees on top of just providing the stable coin liquidity. I feel like, obviously not financial advice, but I feel like the increase in photons for USDY and SUSDS should be particularly interesting for people.
And also, you know, interested in people's feedback in how they found using IBC Eureka with SUSDS,
because you can now bridge over from Ethereum to Prism Super easy in one click using IBC Eureka.
So yeah, like really interested in what people think of that,
which new assets people would like us to bring over from Ethereum.
We're working on a couple at the moment.
So you're bearing Bitcoin and more stable coins.
And then last but not least,
we obviously announced on our spaces last week the campaign with Backbone Labs, who will be launching their sole token using Instant Yield.
You know, I think we're obviously changing things here, but working closely with the team. And hopefully we'll be able to get that launched and live very soon.
That is my little update.
There was a lot to unpack there.
I want to see if people have questions for you.
Let's go.
Hit me.
Yeah.
Any of the speakers got anything to add or grill me on?
Yeah, I just didn't want to interrupt you.
So I was, you know, I'm a talker.
I can get going.
So I tried to, you know, to me, like these, again, I always love highlighting partnerships.
I love the fact that we both have very similar roots.
Right.
And I like, you know, the independent builder in crypto is
what it's all about for us. And Prism, you know, you guys have definitely found a way to
not only be interesting, but create these tools that allow other projects to leverage this tech.
And so we're excited to demonstrate like what's possible.'s here's what i've learned in in these attention
economies right is that you need you need like the first the first it's like the first mover the
first follower the first one to actually try the thing out and then demonstrate it and so you know
i think that uh doing soul with the instant yield um one of the reasons uh why um you know i wanted
to get this all happening i always want to have things happen like two
weeks earlier, always, but it never works out like that, right? But we, you know, we're updating
our site to really advertise this campaign. We want to make sure that we have a much cleaner
package. Otherwise, it's a missed opportunity because you guys have a really
polished package as well. And so we want to make sure that we're able to drive
an equal amount of energy for this and time it right. But, you know, being able to raise in a
manner like this and having this type of tool available and demonstrable to me is what it's all about, right?
Because now there's no barrier entry.
It can be one atom, or I'm just saying atom for right now, one atom, two atom.
It can be half an atom.
Anybody anywhere in the world can participate in these functionalities without these barriers of entries.
And to me, that's what the whole thing that we're trying to do is about is
about trying to create value through the masses and without regulation in the sense of barriers
right so let's just keep pushing these boundaries uh let's keep educating because again you know
i think the thing that i've been hearing the most, because, you know, Backbone really tries to go everywhere.
Like, we're in a lot of places right now.
And it's ironic because we get told a lot, like, not to do things, right?
And I'm like, well, if we don't fucking do anything,
nobody is going to care anyway about all the great shit that happens.
Has anybody else realized or felt like that, like,
when trying to, to like engage with other
chains or projects like the weird resistances yeah oh dude so much so much it's so it's so weird like
i i sorry you finish and then i can give my experiences i'm in right i'm just trying to make
this is something i noticed right did you have you noticed too? It's like you get told don't do this.
And you're like, but wait, isn't that what we're supposed to do?
Activities with smart money.
What do you mean don't do this?
Why should we not do it?
We're not asking you for shit.
What?
Yeah, I just the whole thing so baffling to me.
Like, it's so funny.
I don't want to like name specific names, but it's just like, I just sometimes have my head in my hands and I'm like, oh my God, what is going on here?
You basically just end up in a situation where you can pretty quickly tell who's just building Vaporware and is pretty clueless on um anything that that has any actual like functionality
functionality or utility um i find it pretty amazing when you're you know we've had quite a
few conversations with people where they've advertised themselves as you know we're we're
building for the builders and you know we're creating this um chain which unlocks
everything and so we'll then go and have a conversation with them and be like okay cool
like you know we're builders we've got these this product we've got other products that we're
interested in explain to us like how do we how do we you know use initia or dimension or saga
or babylon or any of these things that sort of you know
are sort of unleashing the next gen of apps like how do we actually use them um for what we want
to do and it's kind of like and then you just it's kind of you know crickets like it turns out
that like you know all these chains that are building for builders, you know, say another one like it's, it's, it's, it's just interesting.
Like having these conversations with people and kind of makes you realize that,
you know, either you, either you do what we've done,
which is just really focused on building your product and,
and make everything is kind of like modular and customizable as possible
just with the goal of like building the most optimized product
or you just go and like park yourself on Ethereum or Solana
and Ethereum's like, you know, in general defiant composability
like Ethereum's just, it feels to me like, you know,
no one's going to catch up and all these kind of like Ethereum betas are, you know, just it's never going to materialize into anything.
And then you then also have this, then this world of customized app chains.
at the moment is that i worry the cosmos hub is now going to try and be an ethereum beta rather
than trying to um you know lean more into the internet of blockchains and the extra connectivity
that now happens with ibc eureka and stuff like that you know obviously they're now trying to get
people to launch smart contracts on top of the hub you know they're building an amm on top of
the hub and arguably osmosis is already there like i don't understand why you need a big another big amm um in cosmos
and so like it's just it's it's just sometimes you feel in crypto that people are just staying
busy to be busy rather than um rather than actually building useful stuff for people
to top it off
isn't it like Elise is also a heavy participant they're a great group of guys actually uh they
got they got really good energy that Elise network I think they do also like a an impressive
decks too that's like Adam oriented you know what I mean like there seems to be a lot of uh
repetitive um people that seem to always get certain opportunities
is what I feel like that's the blunt, honest truth.
And I think it's really refreshing to be able to tap into what you guys have built,
because, you know, that's been my experience.
And I think it's really important that we do stuff like this together, right?
Because to be honest, you know, some people would be like,
oh, well, you guys both do some type of an LST.
And I'm like, yeah, great.
But that doesn't mean that there's not
like a crazy market share.
We're super different.
And being able to come together and showcase what,
instead of having, it's similar
to what a stream swap could be, right?
We're doing these events
that now you're opening the access for other groups to follow in these footsteps. And I want
to make sure that we start to really bring energy into the areas. We don't have to be the Ethereum
beaters. None of that stuff actually has to be what occurs. All we have to do is make communities
that understand that we're building value to these tokens. And if you understand what these missions are,
because we have these separate missions,
but very similar community centric missions,
then we're asking people to participate.
I think both of our track records have withstood the test of time
and weather, you know, whatever the shit storm comes and it's going to continue
to progress. And I think that's the key. That's where I invest. I don't even look at like any
hype anymore. I just look at the people that are behind it and like, what have they done?
Like everything else doesn't even really matter. Like sure. Everything else, you know, everyone's
going to hit, you know, not everyone, lightning will strike for certain things and you won't see that but so what i don't even lament not investing in those projects because
i don't have a crystal ball but i would rather put my money in places where oh yeah these guys
have done what in this conditions they continue to expand oh wait okay they just you know i'm
saying like that's what's really important and uh with EVM right from just a little rumor I heard when I say rumor, my buddy, one of my buddies, he hinted to the fact that door chain might take over like development of like CW tokens and like Cosmos out a station wallet. So again, everything's a shuffling board, right? That's the truth. Crypto moves extremely quick. We need to be adaptive. Everybody needs to be able to be flexible but like the Cosmos, like you have your own chain, you're sovereign, like it's not going to go away.
There's no way that, you know, there's no way that Osmosis is going to just say, oh, we're going to convert all of our stuff to EV.
I mean, that would be a Herculean task, I think.
I don't even know if they would entertain it.
Right. So somebody is going to be supporting this Wasm stack.
There's no doubt about it.
I mean, it's just... I mean, I think so.
I mean, ThorChain actually is another one of those.
ThorChain falls as well into that bucket of like...
I just...
We tried to have conversations with them before
and it's just been challenging
where I don't think they really know what direction they
want to go in. Like I think for the, you know,
from the conversations we've had with them before,
they really want to make this app player like a,
like a sort of almost like its own walled garden.
They're not looking out at it as like, you know, okay, great. We,
we've got these, I forget what they're calling it,
wrapped Bitcoin or the Thor chain
versions of wrapped Bitcoin where people can like natively deposit them and then have an IBC
enabled version. But then they're like, no, we're only going to open up very selective IBC channels.
We're going to be very controlled about how much goes out. Like for me, like the more,
the more time I spend building, the more I'm just like, uh, I just, I just, if you're, if,
if you're not tokenizing something and proliferating it and democratizing access to it,
I think it's the wrong thing. And like, we've, we've learned so many different lessons along
the way. And there's hundreds of things that we do differently. Um, if we had our time again,
but I feel like, I feel like my North Star,
maybe hopefully the North Star of the team as well now
is like we think the superpowers of DeFi
is not loads of the shit that you hear people talk about,
but it is more like tokenizing stuff
is one of the superpowers of blockchain.
Democratizing shit is one of the superpowers of blockchain democratizing shit is one of the
superpowers of blockchain so like giving anyone anywhere in the world with an internet connection
access to something um i think like uh you know the the and i think we we would that we've definitely
been a victim of this as well like people got massively waylaid by the points situation like the whole
point you know the whole thing with points um is it's it's not tokenizing and it's not democratizing
and the whole point of crypto is that you can create a token for something from day one and
allow people to get into the project from day zero day one before um before you know there's
there's even a necessarily even a website or something
like that in the extreme example and i think like that's what that's what i want to do more of going
forward is like you know trying to prove to everyone that's you know been with us on this
journey that they were they were they were right and they were spending their time and energy in a good way.
And that like, we are going to give them so many different products and tools and, you know, tokens and airdrops,
hopefully that, you know, we will, you know, we'll show them that we're trying to, you know, learn from what we've done before before and um and build towards kind of like creating a proper a proper defy suite isn't just
some copy pasta forks that you sort of see you know time sucks so much energy out of so many
other people you know so many people in defy hey defy trying to try to try to grind it out in defy be like yeah seriously age you right
i think i got a hernia i sit all day i think i went to the doctor he's like you got a mild
hernia i was like i don't i'm like i was like i stopped bringing out like three years ago
i just find like i don't know i don't know how i don't know. I don't know. I'm interested if anyone, I mean, put in like, this is a question for like, put in the comments, people like if you have one, but like this last cycle, like I just haven't seen like I haven't seen any particular product that has just made me think like, wow, that's like something really unique to crypto that doesn't exist in Tardfi already.
That is exciting, like fun to use, something I want to do.
And like, I just hope we start getting some, you know, more of those breakthroughs of like massive improvements.
We start getting some, you know, more of those breakthroughs of like massive improvements.
But what about like the shit that does work?
Because crypto is also great for community building and just unifying and doing stuff together, whether it be games like, you know, right?
Like the activities, like the things to do with your money in some, it doesn't have to be rocket science, but it gives us camaraderie.
It gives us a unification.
Like there's so many,
so many things that are missed opportunities. And, you know, why I originally said, you know,
it's so strange to be trying, you know, try to do things places and you're not asking for anything.
And people are telling you, no, don't do that. And you're like, well, what the fuck? Like all
our groups trying to do is have fun. And a fun network is actually, you know, a valuable network because these things are based off of energy and like what's possible.
And things that happen out of that type of energy is different than trying to make something first.
It's like the whole problem, the chicken, you know, the horse before the cart type of thing. Right. If you have like the right type of people coming together, the right type of synergy happening, all of a sudden, like all types of crazy shit starts happening where a lot of times in a very combative environment or it's like hostile almost because people are so used to being broke, I guess that, you know, I mean, I don't know what what it is but we have to shift this sentiment i mean
we're at all-time high bitcoin i don't know why like we should all be really happy people should
be seeing that like um speculation is definitely coming in and it's not just speculation it's like
countries and like nations and companies and all this stuff's about to have a trickle down effect i think we're just
in a delayed cycle of that so you know it's really important it's really important that adam and
that's why you know i try and i you know i like magmar is one of the he's a reachable guy he's a
reasonable guy i think he's kind of like us in the sense that he's uh built through a lot of hard
stuff and he's he's you know's, he's a reachable guy.
And so we need to figure out what Adam's identity is and how it's going to,
and if Eureka is always going to go into Wasm and how it's going to handle the
modular stuff, but I'm sure they're going to figure out a way.
I think that, I mean, I think that, I think they're all there.
I think that, I think that the Cosmos hub is like all in on EVM at the moment, having bought out Evmos.
But I think I agree with you on Magmar and the Skip team.
I mean, those are actually from the last cycle, I'd say, because obviously I use things like Kepler, etc.
from the from the last cycle i'd say because obviously i use things like kepler etc but
um things like go skip build was like a revelation in ux and ease and got integrated in so much stuff
like absolutely all the time it's it's wicked and then you know other stuff other stuff the skip
team have built like um we actually have the uh the me the block SDK module on our chain.
So people bid effectively auctions off transaction ordering in each block.
And so that end will end up going to Prism stakeholders in the future.
So there's kind of like high value activities from ordering what transaction happens where in the chain. That value goes back to prism stakers in the future so like as there's kind of like high value activities from
ordering what transaction happens where in the chain like that value goes back to prism holders
that was like one of the first things the skip team built is it's absolutely amazing and then
obviously they've built slinky oracle which dydx uses um so they're like proper builders actually
building useful stuff um so i so i definitely am excited for this the kind of energy
that brings to the cosmos hub using using eureka was using eureka to do skies usds uh or savings usds
um has been like a revelation the fact that you can like just bridge any asset now from ethereum
uh to prism it Prism has been amazing.
But yeah, it's going to be interesting what happens.
But yeah, I mean, I'm excited because just any massive improvements in the UX of bridging
is much needed.
People are so happy to deposit onto a sex wait 10 or 15 minutes
for their tokens to turn up onto a centralized exchange and then trade in the centralized
exchange and then withdraw from the centralized exchange and wait 10 or 15 minutes and approvals
or whatever to go through um and then you know see the funds in their wallet on the uh on the
blockchain i think like if people are happy
doing that in centralized work you know centralized exchange world i think it's just a ux issue from
our side uh or from anyone's side really to to get more users doing that and offering users something
unique um i think is i i think it's like the, you know, the core thing. And then if you've got, if you've got things like IBC Eureka now,
then that's almost giving you that kind of like, you know,
deposit withdrawal kind of feel to it. Yes.
You obviously have to wait a minute, wait a long time, given these finality,
but it's definitely giving much more of that sort of centralized exchange,
deposit and withdrawal feeling to it that people seem very happy with um so yeah i'm i'm excited about that direction
of cosmos i'm definitely you know i maybe there's bigger plans that say i just can't really get my
head around as to why you would need a dex uh why you would need a decks on cosmos when you already have osmosis but um
i guess time will time will hopefully show us uh what the reason was
um well you know what i think they're doing i know there's some type of
that they are putting in at that transactional level. I remember reading something about that.
So, you know, whatever the case may be,
having certain key pools is not the end of anything.
I think a better idea is that we need to just be more inclusive
and just whatever people want to build, so what, build it.
But I don't, you know, maybe not pay for it all,
but let people build what they want to build
and make sure that they continue to make everything extremely interoperable.
I think it should be their goal.
Like, if they're really trying to be the internet of blockchains,
it shouldn't be like all of a sudden everybody else who's on Wasm
is now just on your own.
It should be, well, we're going to figure out how to keep you guys connected,
but this is going to be the Atom execution layer.
Like, I'm fine with that.
Like, whatever.
That doesn't matter, right?
Yeah, I think it would be interesting whether Confio,
the team that maintain Cosmasm, end up, you know,
what they end up doing with it,
and if ThorChain do end up becoming
you know maintainers of it
but yeah I mean it doesn't
over the long run like I don't think
it'll make too much difference I mean for us
like we've built some stuff with Cosmwasm
some of the you know some of the like the order book
will be built with Cosmwasm
but pretty much all our blockchains built with
built in Go using you know using core modules um
so yeah so i'm it's gonna be it's gonna be uh it's definitely interesting and like stuff's
definitely moving in the right direction and i think like you know with bitcoin hitting new
all-time highs i think people will start looking at some of the older blockchains like Atom
and start seeing what's going on.
And, you know, maybe it could end up being a great narrative,
in which case there's always going to be some great trades
for people to do on Prism because obviously, like, you know,
the fun thing about Prism is it lets people buy tokens at discounts
or, you know, you effectively get leveraged exposure to Atom
at a fraction of the price and that sort of stuff.
So I hope for, you know, in my mind, I hope for more volatility because it's going to create lots more trading opportunities for people, particularly on Prism.
But, you know, if we start seeing a rotation as people rotate out of the majors down towards you know second tier second
tier majors maybe you'd call it or something like that then could things could start getting pretty
interesting and then you know i think we've we've focused on listing larger market cap assets so
things like you know larger cosmos market cap assets So things like Celestia, Injective, Atom.
So I think there could hopefully be some interesting stuff
for people to be able to do then.
But back to your earlier point, like, I agree with you.
Like, you know, we come with it from a product focus.
But yeah, like, you are, like like one of the superpowers of blockchain is
community building and that sort of stuff like the people that people that i've met from the
community and also just the fact that like it's it's mad you know we have a team working on this
and some of the guys on the team like i feel like i feel like i literally sit on a desk next to them
but yet i've liked you know some of them
are like completely separate parts of the world or the side of the world that like you know you've
never you know i've never met them um and like it's just mad that that sort of stuff can happen
in blockchain um and so it's uh so it's definitely it's definitely really cool from that like from
that um perspective of it.
And I've met like crazy smart people through this that, you know,
like the guy that helped design our AMM is like a PhD mathematician
from Buenos Aires who's written a book on AMMs.
Like I'd have never got to meet that guy if he hadn't been for crypto.
Like, you know, loads the guys on the team.
Our team are major maths and AI boffins.
That sort of stuff.
I'm super humbling to work with lots of the people on our team
that are unbelievably smart.
I would have never ended up working with them in my old uh in my old trad fight job um so that that side of it is is super cool
i'm trying to think i think the whole journey like even because i mean you guys were really
successful on terra you know like to have that type of uh hit it's like a hit song right having
a hit song there surviving what occurred there coming back
developing more you know grinding it out like to me like this is what it this is what you know
being able to to you know this is true merit-based uh economy right here like you know in the in
this structure it's um you know right now what we're experiencing is that the projects that
can't find a way to survive is because they didn't actually have anything happening.
Yeah, exactly.
You know what I mean?
And the ones that have a strong community base of real users and people actually doing the projects and seeing positive returns you know that's one of the things you know i think the only thing that's difficult
to um like so the tool that we're about to let to use together on your platform right it can't just
really be open source because you got to protect your own users you don't want people to just
leverage the shit out of like the stuff that you built and the trust that you built like that's how
we feel at backbone that's why we don't just like like run an open NFT minter because we think it's
irresponsible to just let any,
any old person just make whatever promises and try to mint into the
communities that we're cultivating, you know, so,
and trying to educate too. Right. So, I mean, that's,
that's the only thing that I think that's kind of a,
has been difficult for us.
But, you know, we're really hoping that being able to show how to launch a token and then maybe other people, other responsible groups or groups who have enough skin in the game will also see how this works, too, on Prism.
And, you know, get a whole new network of groups that have like that become co-lacing to
do stuff like this together i'm trying to make a whole new i don't want to say cartel but
you know i'm saying i'm trying to make a whole new like yeah i know i think
i think uh i think yeah like people with similar, like, or teams,
teams with similar ethos should, like, you know, join forces.
Really band together, right?
Yeah, exactly.
There's so much, there's so much bullshit and, I don't know,
like, bum slapping going on in Cosmos that, like, you know,
with people that have just built vaporware
that doesn't really do anything like i think like um i think yeah like people that are people that
are doing stuff and can kind of like see through that and actually like you know value you have an
integrity and like treating community you know treating users properly rather than like just
trying to take the piss out of them just so they can dump coins on them um and you know give coins to culls and shill influences and all the
rest of it that just gets dumped on the community like all of these kind of like bad practice things
that community end up being victims of there's there's still sort of so much if it goes on in
cosmos and you kind of see that a lot in the public but also like a lot in the kind of like
private messages you end up getting from um you know people across like you know supposedly like
um og people across uh across the community but i think it's just you know our view is just our
view historically has just been uh try and keep our heads down build the
product not get involved in any of the bullshit and drama um but i think like you know what we
want to do now is like really get people to understand how to use prism and prism and how
they can like harness it for what they want to achieve whether that's b2b fit stuff
that you know we're effectively doing together or b2c stuff but i think you know the fact that you
guys are have effectively tested it out taking a look at it tried it out and they're going to do
something with it is like a massive first step because you know we tried it with um we tried it with drop uh and it just
it just like um i don't know whether it just wasn't me communicating it well enough but like
i'd send like documents excel models all of this kind of stuff trying to explain to them like how
this could you know doing something properly could like really build the TV out of the atom and
create like a bit of a flywheel. And, you know, we definitely, you know,
we're fortunate enough that, you know,
Pendle's trodden a lot of the ground already on Ethereum.
And so, you know, there's a,
there's a fairly good playbook there already that people know know uh works and so we had that before with super staking and the rest of it and now like
we've really turbocharged that with uh this instant yield product you guys are going to use
and you know and pendle don't have equivalent of that um and this you know instant yield ends up
being a lot easier i think people to understand but. But I'm really hopeful that it creates, like, a big flywheel and people are like,
holy shit, like, we can give community early access to our tokens and, you know,
also help, like, fund OPEX or fund protocol loan liquidity.
Or, like, you know, holy shit, we've got this new LST that we're launching
or this new yield-bearing stable coin that we're launching.
Like, OK, what's a great way of like bootstrapping liquidity for it?
OK, that's great. Let's allow some people to get the yields and some people to earn the points or vice versa or whatever.
So I think it's just giving flexibility and customizability to teams to kind of like bootstrap their own token or bootstrap any tokens that their product creates.
I think Cosmos tends to catch up Ethereum eventually,
even though there's a bit of a lag.
So I'm hoping that people will get a bit more sophisticated on it
and we'll find new teams that want to, you know,
like you guys that are prepared to come and try something,
try and try something and pioneer something new, which you've, you know, you guys that are prepared to come and try something, try and try something and pioneer something new,
which you guys have shown that you've done already
with your mad scientist mint,
where I think it's,
I haven't seen anything else like that one.
So I'm hoping this will be similar vibes.
Well, yeah, I mean,
that's one of the reasons why we're doing this little delay.
We have hired a guy to, again,
make like a cleaner pitch deck so that
when we have our big announcement we're gonna have uh like an advert banner that will talk
about the soul campaign across our website there's just a bunch of things that we have like right on
the cusp of getting forward and uh it's just much better to have just a better messaging while we do
this you know yeah anyway that's on that's on, that's on me.
I had the little family, little family thing that kind of sent me back a week and, and, um, that's
just, yeah. Anyway, so we're gonna, we're gonna make it, make it better, polish it up, tie a bow
on it. You know what I mean? So we're gonna have fun. I think that's the thing that needs to start
happening again. Like it's fun to do stuff. It's to take you know 10 atom lock it for a couple months get earn tokens and
after three months get your 10 atom back it's fun to to go to double dip it's fun to get an lst
and and and borrow against it and auto compound manage your loan don't take long loans in these
situations these things are designed for quick things. These are high interest loans, right?
But, you know, or get another LST and shop for NFT. So now you're securing a network
and auto compounding while you're doing JPEG activity. Like there's stuff to do in the cosmos.
If people want stuff to do, I don't, you know, right? I mean, again, it's like
we have to start participating again. Everybody can't be sitting on the sidelines. If you have
a great idea, please speak up. You know, people are interested in helping to do these things.
And if you are a technical mind, also speak up because we're always looking to meet smart people.
I think that's always one of the best things about this space, right?
It's this interaction.
Yeah, it's this energy that can culminate from just these different parts in the world.
And to me, that's what I live for.
I really enjoy the planning.
Like, I love when we're in our other chat, Ali,
I love when we're like mapping out like, okay,
so how are we going to do this?
And in my mind, I'm starting to see how it all lays out.
And I'm like, okay, so how, right?
Like I love that part of this process.
That's like the most fun.
Yeah, I'm a, obviously like on the team,
it's basically me with Transfire experience, then everyone else on the team is, like, a high-level engineer, basically.
And then, so, like, I'm kind of, like, the non-dev on the team but i mean the stuff that i the stuff that i absolutely love is yeah like i just like like finding new solutions and new ways of doing things like that you know based
kind of on trad fi things but then like you know made so much better by doing them on the blockchain
and potentially like unlocking new ways of doing you know the blockchain unlocks new ways of doing
it so like yeah i i find all the um the ideating side is like ends up being you know the blockchain unlocks new ways of doing it so like yeah i i find all the um
the ideating side is like ends up being you know the stuff that i some of the stuff that i enjoy
the most but it's uh yeah it's it's definitely going to be a lot of fun i think um if you uh
have you decided on the name of your uh of your uh non-transferable token yet?
No, I'm not going to say anything because we've hired a guy to come and do something better.
So I'm not a creative mind in that sense.
So we've got a guy now that's going to put something together for us.
You'll see. I think it's going to be it, put something together for us and you'll see.
I think it's going to be really good.
I'm excited.
I'm excited.
I think I like the stuff you guys,
I mean,
we've,
we've effectively built a page now on our side that we theoretically could
add your artwork to and stuff like that.
And then you'll have your own page as well on your side.
So I think like,
it's going to be fun just directing community, you know, helping communities navigate
from, you know, between one to the other. So like introducing your community to
us, even though there's, I think there's a good bit of crossover anyway.
Well, I think the goal for us would to be also make an nft community that's attached to a b prism grave digger and allow for
um trading right so then then it's we just have also a prism tab and we have community somebody
else could be real smart and make like a yp community and like a pp community and like there
can be wars and i don't know there's other stuff that could be happening and you know and from i want
to remember isn't there not going to be possibly nft lending or am i tripping yeah no no there's
we we've got um our money market allows for the week that we're building allows for
lend any asset borrow any asset and the lend any asset could be, could be,
could be NFTs.
And by the same token,
you'd be able to borrow people's NFTs using the money market as well.
If we make, if we make NFTs that are yield bearing on Prism,
it makes it pretty easy to do refracting on, well,
I don't think you can refract an NFT, but maybe you can.
I think, I think like, I think it's going to be,
I think, yeah, we definitely need an NFT collection on Prism, for sure.
Yeah.
And we can make it yield-bearing with a Graveditter.
Why not, right?
I think so.
And we...
Yeah, like a backbone Prism token could be a lot of fun for people.
So I like that kind of stuff.
I definitely think, yeah yeah this is the start of
this is the start of some cool experiments exactly this is what this is exactly i mean i don't know
how anybody else feels but you know i i i joined crypto you know four or five years ago really as
like a retail guy to do stuff and to figure out how I can be inventive with these these structures these
flows like how to automate transit like this is what kind of inspired my mind and I was like oh
well being able to understand this technology or meet the people that understand this technology
will lead to opportunities and and in this you know digital world um you know we're just inviting
everybody to join us and to participate both
prism and backbone have i guess would say i would say we're old actually according to crypto
yeah for sure i look back at it now like i i remember i remember like my first conversation
where i like i emailed i'd whatever, like DM'd Dockwon
and a couple of other people and was like,
look, I've got this, I work in TradFi,
I got this idea for sort of a yield swap protocol.
Absolutely no idea how I'd build it,
no idea how I'd build it, but like, you know, I've got an idea mapped out.
but I've got an idea mapped out.
Like, you know, would you be interested in like giving me any advice or something like that?
And like, I remember having that conversation with him and him replying and being like, yeah, like, let's make it happen on Terra.
Like, you know, if you need devs and money and whatever, like, you know can we we can support you that way so that you
can build this thing um and i remember like sitting down with uh you know one of their lead
engineers at the time you know the tfl lead engineer at the time after we'd sort of agreed
that we were going to build this thing um and that tfl were gonna uh you know gonna like
allocate some resources towards helping me build it um just like sitting down and i like i just had
no idea how a smart contract worked and like what you could do with that kind of stuff and like
i kind of think about like you know i look at the first product i was involved in building which was
like prism on on terra and like what we built and the decisions we make now or we made back then versus like you know what we
collectively as a team know now from just like chewing glass for three years and it's been
it's it's you know it's cool like there's just so much the learning curve is so steep when you
kind of like properly get stuck into it but like everyone's so helpful like in
teaching stuff like i sit there with you know mo uh and he you know he like takes me to school on
uh on you know all this all this like technical side of things that you can do and then you know
i get to kind of explain a bit of tradfire stuff to him maybe and And it's like, you just kind of like get to be a sponge
for all the things that, you know,
we're going on in crypto
because there's so many different sides to it.
Like it's just, it makes it a really fun place to be.
And I think like, I'm more convinced than ever
that, you know, the power of crypto
is like going to absolutely explode.
We're all massively early.
I think even though there hasn't been any particularly interesting products
lately, like I think that's because people have been, you know,
got waylaid with kind of like, you know, wrong, wrong matters on stuff.
And, you know, it's, it's, it's been kind of points upon Z's and doing lots
of these DeFi slash C5 type products that aren't um that aren't actually
unlocking anything particularly new i kind of look at perp dexes to be honest as a bit as a bit of
that and i think that you know actually you know tokenization democratization actual you know
immutable smart contracts that kind of stuff like once people start flexing a little bit more
i think i think it's super exciting.
And so in my mind, just from having it drilled into me so much, this is part of the reason
that we created Prism is because if you make 10% more this year just by compounding your
assets or trading around on Prism in an asset class that you think is going to go up 100x, 200x or whatever over the next 5-10 years.
That 10% more that you've made this year turns into multiples and multiples more in 10-20 years, even if you had the same return for every one of those other years just because you made 10 more in this year like the the like the power of compounding on an asset class that is going
you know i think stratospheric is like so important and so like you know i'd say to
anyone that sort of is leaving their tokens idle or not pursuing like a yield maximizing strategy like you know really
if you're going to absolutely potentially kick yourself in five years time when you look back at
where you are versus where you would be if you'd made 10 percent more in uh in 2025 and if you just
even if you just set the goal yourself the goal goal of being like, look, I'm just going to make 10% more each year or make,
try and make 5% more by like grinding it out and, you know,
optimizing my yields. I think you're,
I think you'll really thank yourself for it in the future.
So I think that I think there's some like amazing opportunities.
But that comes down to like financial literacy.
And I think that's another thing that we all need to continue to go over in our communities
is a lot of these financial strategies that seem simple to you, Ollie, because you've
been working in the field for a long time.
A lot of people who are looking and speculating projects don't even really understand a lot
of these concepts.
So I think a really important thing that needs to get back to that used to happen a lot in
Terra was education, right?
We used to talk and have the spaces, I mean, a lot like this, but we would actually, it
would be more in depth about the certain specifics so that we can be talking the same language.
I think it's really important that we know, have the same definitions.
Go ahead, brother.
You want to jump in there?
Yeah. That kind of brings me to my announcement. Can I go?
Yeah. Yeah. Get in any time.
Yeah, buddy.
So now that I'm back home probably in three, four days here,
I want to open up a daily spaces and basically it'll be like maximum what I do
daily to maximize my yield across all my tokens on Prism.
And I want it to be, I want to show my desktop and actually just go through.
They can totally see what's in my wallet.
That's fine.
And just because every day I'm on there.
So, and I do a hell of a lot more than 10% a year and I can show them how to do it.
And basically just go through all the different
tools and, and determine what is the best for my yield that came in today. And now I want to roll
it. What's the best thing to do on Prism and how to look at it and just, you know, maybe a one hour
thing every day, but you know, maybe I'll do Adam one day and Osmos the next, you know, that kind
of thing. Dude, I think, I think that that's i think that's just so needed like i
i um i kick i kick myself a little bit for not having done more uh tutorials and teachings and
like you know i'd love to when you're doing those i'd love to come on them with you occasionally
as well and like you know if there's if there's stuff that people want to understand it's like
why it is the way it is, you know,
in addition to kind of like the strategies that you're doing,
like I'd love to come on and do that stuff with you
because I think it is much needed.
And even if people aren't in the spaces and watching them live,
like the great thing about videos is I think that there's so much
can be learned just by doing.
And I think we touched on this in the last spaces,
but like even just mess it, you know,
just dicking around with a dollar or, you know,
half an atom or something on Prism,
like you can literally test out everything
and see how everything, you know,
get a flavor for how everything works.
And then, you know, then you're going on to like the strategies
that you're talking about and that sort of stuff so i think yeah it's a you know yield trading is actually like
completely new to most people um and so i think that you've obviously been in the trenches
you know since before terror you know since before the terror collapse and so you've used all of this stuff and you've you
know dm'd me loads about it in the past and you know you've got you've got a really good
understanding of it so i think yeah like that i think that'd be i think that'd be super helpful
yeah yeah you popping on to be excellent i actually i want to make sure that i can get
like herb dragon on there and opa and tony because they all have their own specialized niche
like i don't do um any lending um i'm not big into lps i don't really understand them like just
generally um even though i am lp on prism but you know so yeah my my strong points is trading yield
and they're strong points i would love to have on the program too.
Yeah.
I mean,
I sort of take it for granted that I,
I now understand this stuff,
but I remember like,
even,
even on like,
obviously like the yield trading side of stuff,
like the kind of new from TradFi,
but like more like things like the liquidity pools,
for example,
like,
you know,
I remember when I first looked at balance and liquidity pools for example like you know i remember when
i first looked at balance the liquidity pools and it was and and started reading like deep into their
docs and was like okay so they've also created this type of liquidity pool where you can put
the lp token itself into another liquidity pool and start doing that kind of stuff i was like
my mind was kind of like racing and i'm like, what is this? Like, how does this, like, I don't understand.
How does this work?
Like it took me a while to like get my head around it.
And then, you know, fast forward to like Prism
and we do that on Prism.
And I have to remind myself sometimes,
I'm like, okay, like, you know,
when everyone's looking at this for the first time,
it does take a real while to like get your head around it
and understand like why that kind of like when everyone's looking at this for the first time, it does take a real while to like get your head around it and,
and understand like why that kind of like unlocks extra capital efficiency,
like why it's extra rewarding for like liquidity providers and that kind of
stuff. But I think, you know, JG back to, you know,
to your comment as well. Like I think yeah,
the education side of it, I think is, I think is important. I think like,
you know, one of the things that's also really important that we talk about a lot in the telegram the telegram community
is like you know in in in trad fi there are really strict rules about you know what you must display
when you display an APR or what you must display when you display an APY and like exactly what it must be.
You know, historic charts you must show
and analysis you must show.
Like there's none of these rules
like protecting people in DeFi.
So like, you know, X random protocol
can just state an APR or an APY.
And there's like, it doesn't,
there's nothing governing like how they display it,
how they calc it.
And I think like
one thing i try to um get across to people it's like any time you see an apr or an apy and anything
prism any chain like we've got great efforts to like make sure ours are you know transparent and
um and like uh you know, as accurate as possible,
but like for anything, like always kind of make sure
you understand like how is the APR and APY calculated
that you're about to base your investment decision off
and that kind of thing.
And like that's almost like, you know,
an hour long space is in itself
just talking about these kind of things.
I think so many people end up nowhere near
realizing the apr that they're expecting to get because of these kind of like misrepresentations
and stuff so any all education stuff i think is going to be it will be super useful and hist as
well like um you're my boy luna who's uh i know part of the backbone community and part of the
prism community some of his threads he's been putting together recently on strategies he's
been using.
Cause he's,
he's definitely on,
you know,
on the more DJ and expert side.
So he,
he'd be someone helpful to have on as well.
Absolutely.
He's next level.
Actually,
we had a bunch of DMS,
when I first got him on and he just sucked up every,
every piece of data I could give him.
And then he went way beyond that guy's a monster and he's got up every piece of data I could give him. And then he went way beyond.
That guy's a monster.
And he's got a good wallet too, but still.
These are just some of the strategies he's been doing.
I've been absolutely – he was doing instant yield looping before it was cool.
That's a really good start.
He's like third place, isn't he? Like all-time third place or second place yeah he just crushed it and he was looping so early and then he'd get
bigger and bigger but it was crazy what a what a ride absolutely amazing yeah but the um wicked all right look i think we're yeah we have um we have come up to the air some
conscious people i'm just like some people in europe so like appreciate everyone tuning in
i hope we didn't get any questions today so i hope we haven't bored people too much but if
there's anything else people want to know um or have any comments on then please do please do let us know in telegram
or discord like i'm you know from my part like really really excited about these next few months
getting the token out launching these other protocols getting you know adding more utility
for prism assets through those protocols um the backbone campaign i think is going to be really fun
uh so yeah like i think i think i think it's going to be really fun. So yeah, like I think, I think,
I think it's going to be good to get locked
JG, here's
Melina. Thank you so much.
Thanks, Ali.
Cheers, everyone.
All right. Have a good one, guys.
Go for it, JG.
I just wanted to say that there's a bunch of,
I just wanted to, you know, because I was just talking about stuff to do in the Cosmos.
I just wanted to shout out some of the things that independents are doing real quick while we have some attention.
You know, Dungeon Chain is an independent gaming blockchain.
They're about to have a mint.
It's only like $10.
It's a really cool game.
If you like games, check it out.
No big deal.
Also, the Chihuahua Gra digger is also getting ready to mint
this is probably in like maybe a week or two but more you know and what we're coming up on again
is the partnership with prism and i'm hoping that the people that we just made this other
arrangement with to make everything nice and shiny we'll be ready hopefully in like seven to ten days
that's funny in our community i'm gonna get shit for that because I've said that before, seven to ten days.
And they're always like, yeah, right, dude.
But, you know, seven to ten days.
And we want to be rocking and rolling.
We want to make sure that stuff is happening, right?
That's the crucial thing.
We've got to be doing stuff, and we've got to be doing it together.
We need your help to crack these algorithms.
Please retweet this space. Ali, you've been a gracious host. Thank you as always for
letting us chime in and just participate. And anybody else
who wants to participate, get busy. We want to see what you can make.
Nice one. All right.
Thank you very much, everyone. Really appreciate it.
We'll chat on Twitter, Telegram, or Discord until next week.
Bye-bye.
Take care, guys. Thank you.
