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Radix Recap
Recorded: April 11, 2025 Duration: 1:42:06Space Recording
Short Summary
The Radix ecosystem is witnessing remarkable growth, highlighted by Babylon's 10 million transactions milestone and a 50% increase in quarterly activity. New projects like Atos Earn and Lattice3 are enhancing yield opportunities, while community-driven initiatives continue to drive engagement and innovation.
Full Transcription
The End Thank you. Music Thank you. Music Thank you. hello everyone
hello everyone dan can you hear us yep okay loud and clear how are you doing on this friday
afternoon evening uh i'm i'm in a good mood um good i've had way too much coffee today so
about an hour ago i decided to go and sit in the sunny garden with a Corona, and it's not worked very well.
I feel worse.
So do you need to counterbalance that with more caffeine?
Oh, I don't know.
Way too much caffeine.
Which one?
Way too much caffeine.
Probably more Corona after this call,
and then I'll go and torment machinist later on his spaces.
You've got to balance it.
That's the key.
You've got to have the right combination of the different uppers
and downers to just get fine-tuned.
Yeah, I'm just trying to stay awake, dude.
That's all I'm really trying to do.
I'm not sure the corona will help with that, if I'm honest.
No, well, I had the caffeine shakes this morning and i've not had them for a
long time um because i significantly reduced my caffeine intake over the past few years
and then recently with all the things going on my caffeine intake has
is increased to unhealthy quantities i'm sure um and so i i started doing the double tea bag in an extra large mug double tea
bag yes well tea's got more caffeine in except that it i thought that was a myth no it does
it just doesn't um via is it osmosis or something it doesn't find its way into the liquid but tea
actually has more caffeine in i always thought that was a myth.
Well, every day's a school day.
So if you suck on a coffee bean and then suck on a teabag,
maybe try it and let us know what happens.
I'm going to be honest.
This seems like the sort of thing that would be like on a certain Radix milestone
is like, if Radix does X, then I'll do a video of me sucking on a teabag.
Oh, I'm sure me and others would pay for that.
Maybe this is the thing.
It comes back to what we've always joked about internally,
that back when you were doing the video streaming across...
Was it even called Cassie back then?
Yeah, well, I mean, yeah.
Cassandra's still in there.
It's a consensus, right?
But now it's called Harperscale. Oh, no, no i mean back when you're doing the video streaming stuff had you
had you called it officially cassandra at that point or was that just uh oh i'm not sure it was
still just flexathon which was a great name um or i think it might have been. Yeah, the old Flexathon. Yeah, Board Clock Club.
We need to bring that back.
The Board Clock Club.
Do you know, right, one time I'm in a chatty mood today.
Just, you know, matchsticks in the eyes.
No one tuned in to hear about what's been happening with Radix or the ecosystem.
No, no, but this is quite funny right so i i got a clock in the office and i put it on my seat with the webcam
streaming onto the cassandra network all night long right um so that people could like see that
it was real and the clock was ticking and everything and that it was like matching the
time that it should be matching and all this stuff um and then i came in in the morning quite early like 7 30 as i usually do um sat in my chair and
somebody then immediately pinged in telegram i see dan so somebody had been watching this damn clock
and spotted me getting to the office and sit down That's like the most over-engineered solution
to telling the time
is you tuned into a live stream of someone.
I know.
I know.
It was so funny.
So yeah, we need to get board clock clock back
so that everybody knows
when I start work in the morning.
Well, it's also useful as well
because I mean, plus side,
I was cursing daylight savings
and having to change the time of the space before.
But then someone in the community pointed out that that's what they like to see.
Over promising.
Sorry, under promising and over delivering an hour early on the space already.
Good work, guys.
Times are changing.
Times are changing.
Literally, times are changing.
They like saving time screws me every year because America changes their time,
I think two weeks before us, right? And Europe changes it slightly different sometimes as well.
There's like a two-week period where basically every continent shifts its time slightly differently
and it just cocks up everything. Right, so like every six months for two weeks, my Thursday meeting with Professor Mo
at University of California, Davis,
we just end up being ships in the night for two weeks.
We don't actually end up having a meeting half the time
because he's early and I'm late.
I've got a solution for that for you
on how you could work this out, right?
What if you live streamed a clock
and sent each other the link
and just agreed what time?
That's a brilliant idea.
Okay.
Board Clock Club.
So that me and Professor Sidergi know when to join the meeting.
That's great.
I like that.
Problem solved.
Amazing, Adam.
Amazing.
So speaking of amazing, to meander this back towards the direction we're going for the space,
thank you everyone for tuning in. First and foremost, a massive milestone hit this week.
Babylon has done 10 million transactions. Amazing.
I do actually find that staggering, like genuinely find that amazing that it's just
chung through that because you see, I think you get caught up
in an echo chamber sometimes.
And even with the data, it's hard when you see people
quite rightfully being frustrated in Telegram
or being like, what's happening next?
When are we going to see more action?
And even though day in, day out, I'm in the trenches,
seeing transactions going through, speaking to projects,
seeing stuff being built, seeing new grant applications coming,
it can sometimes get to you a bit. And then you hit these things
where it's like 10 million transactions
done. You're like, huh.
It hasn't actually been completely shed.
That's not a small number, right?
Like 10 million.
A million is a big number. Like, if you're
given a pot of
999,999
small red
balls, and you're asked to find the one white one,
you're going to have a bit of a challenge to find the white one, right?
And then you times that by 10 and that's a lot.
Like, it is a lot.
It needs to grow, but it is a lot.
And it is growing.
That's the other thing, which I know I'm going to get called out for it of like, Adam, stop picking metrics you like that
look good. But like the point is there are like on transactions. So in Q4 last year,
the Radix network did just over a million transactions and there was no weird outlier
weeks or anything like that. Like there was in Q3. In Q1 this year, 2025, 1.5 million
transactions. So it's up 50% in a quarter? Yep. In a quarter. Not quite as good as we were doing
in 2024. Most quarters in 2024, we were doubling. So we need to get that rate change up. That's
the important thing. But yeah, up 50% in total transactions. And that's without the incentives
program running.
It's without, again, calling it out, like no major kind of news updates or just-
No, we're just checking along really at the moment.
Yeah, we're just-
Well, the network's doing its job, but like the community and ecosystem are delivering
functional products that are useful, that drive real yields, create real opportunities.
And that's driving network activity.
Which is what we want.
We want network activity up.
We want TVL up.
We want everything up.
Everything.
So I'm really happy by this.
I've got to say a huge shout out, especially to all of the ecosystem builders,
because ultimately you can build a massive shopping center,
but if there's nothing in there that
people want to buy, other than some unruly teenagers, you're not going to get any footfall.
And so 100% of this is down to the people who are week in, week out, building things on Radix
that is providing value to users. And so be that, just showing up some people in the list here like
be that meme coins like hug early woe woe hit etc be that nft collections like deliver or scorps or
um ice from like austin when you do the 404 stuff or down to like dexes like um obviously caviar
rc defy plaza aggregators astrolescent, Yield systems like Atos Earn from Beam
and Lattice through to dashboards
like Rad Explorer and systems
to interact with those things like Shard Space.
All of these things are creating more opportunities
for people to choose how they interact
with the network and find opportunities.
And without all of you building,
promoting, talking about that
and all the Radbicat sharing
new and exciting things coming and where they're finding opportunity in the ecosystem,
we wouldn't be hearing these milestones. So thank you to all of the people doing that.
It really is a nice reflection point that while there's many things we'd like to be going better,
this is something that is chugging along really, really nicely. So I think that's something the entire community should be proud of.
And equally impressive was your very well-delivered reel
of all of those amazing dApps in the ecosystem
without taking a breath in between.
So well done, Adam.
I didn't even have it written down,
although I have been tempted in the past.
No, no, I was just looking at the people tuned in
and I just know
their faces it's a problem i have i have genuinely dreamed about certain daps in the ecosystem
oh which one i'm not gonna i'm not gonna tease that and it's more than one okay like that's when
That's when you know it's getting a bit of a problem
that's when you know it's getting a bit of a problem when you start dreaming about work
When you start dreaming about work
And not even like one dream
It's not like, oh, I
Turned up and something
It's just doing work
I dream about it
I've got Buzz Shipman's voice in my head right now
Most of the time
That radio show that Deliverer's done is amazing
You really should listen to it if you haven't
It's very funny.
That's the 24 hour one, right?
Well, it wasn't 24 hour, but I think they've now plugged in some AI and it reads
coin telegraph, like the headlines and stuff. And then they've trained this AI to have the sarcasm of Eric, who creates the show.
And now it runs 24 seven. But the level
of sarcasm in there is, it's very good. Like there's some very like edgy bits, to say the
least, that had me almost spitting liquids all over my keyboard a few times. But yeah,
definitely check it out, Adam, you'll be and and as well the choice of music
it's very smooth jazz it's very good for work and coding too and stuff so yeah but i do need to get
buzz shipment out of my head i will i will tune in the one of the people who's quite often in the community,
downloaded all of the last month's main channel Telegram
and put it in Google's Notebook LMM.
And one of the features it has is if you input a whole bunch of data,
it will do an AI-generated voice podcast between two hosts
talking about it.
And that was creepy because it was
oddly accurate but it was like all the stereotypical american style of like oh wow really you know like
the apple keynotes and stuff where it's like yeah these executive like product managers and
it was but it was good that was the thing it was It was like I could imagine some VP of corporate affairs
for something sitting there with someone else from Google
actually talking about this.
Some of the things they were obviously having to cover were hilarious
in these kind of fake, polished Silicon Valley voices.
Fake, polished Silicon Valley.
Okay, that's something I'm going to do.
You know what? It's the same as like...
Ever again.
You will not see a single keynote of anyone in tech now where if you can see below their
shoulders where they're not doing that thing with their hands where all of their fingers
are touching.
Like they're glued together.
Like Angela Merkel, the old chancellor of Germany started that trend, the super glue
fingers.
And now it just caught on.
Angela Merkel starting trends. you probably don't want
that nope and the other one is the little knee bounce if you look at them they've obviously
been told don't lock out your knees and so if you ever watch a keynote like from a silicon valley
company they just occasionally just do like a little bob with their knees like they're bouncing
just i'm always doing that because i've got ad. So my knees are like a yo-yo. Yeah, little bounces.
Yeah, exactly.
It's always going on.
Especially if I'm having a conversation where I'm bored.
Then it really starts going.
This is where I wish I had a video and there's Dan just looking like a kangaroo bouncing up and down at this conversation.
Yeah, exactly.
If there's some good drum and bass on and on boards, then it it's like a earthquake going off um anyway let's get back on track um but one of the things that you were
saying just actually about community and all of the the really cool stuff that's in there um
so obviously i think it's pretty common knowledge that i've been doing the rounds in my network and getting a few people to come in with new capital and stuff. And there's a resounding sentiment from these people that, oh my God,
the stuff you have in this ecosystem is amazing. I'm not going to shout anybody out so they get
big egos and things. But a lot of comments on the high quality of all the dApps and applications and the things you can
do and how seamless things are and how well they all work and it's just rapid fire and off it goes
and you do a swap and it's done you've got all the guarantees in the wallet and you can put complex
things together um and i've been uh pitching, latest creation to them as well. And a couple of them,
they play around with that. Um, and it's, again,
it's just the same store we always get right. Adam, it's like,
people come in, they play around,
they use the applications that have been built by the incredible talent in the
community. And it just, it is hotel, hotel, California every single time.
Um, and the testimony is obviously the tech stack in its own right is great.
And the team that have done a good job, but that's useless without the talent
of the builders and the community building these incredible applications as well.
And you put them both together and you have a real super weapon and now we've just got to maximize that super weapon and
get people in and using it boots through the door trying all these things um and once they're in
they'll never leave and i think one of the things that like i had it this week as well
And I think one of the things that, like I had it this week as well, that I won't name the dap that it was, but it was someone who is very active in DeFi, in other chains, and professionally so as well.
So you can probably deduce some kind of idea what this person did for a living.
But we were talking about Radix and some stuff going on there.
And I just happened to mention about like how, yeah,
there's some really great yield opportunities in here.
And they asked for some examples and I showed them some of them.
And they're like, why are people, and like,
even on like just stable coins, like wrapped USDC
and some of the yields available there,
they was like, that's way above what I'm getting on other networks.
Like why are more people taking advantage of this? And I said, well, well one of the problems he got at the moment is that there's only a permission
bridge through to actually get new wrapped assets without a like single stutter he just interrupted
me and straight back and was like oh i'll totally go through a permission bridge to get that like
what do i need to do like i don't care doing some KYC and AML to get like some money in here for that kind of yield.
And he just genuinely didn't know that there was that opportunity in there.
And it wasn't, it doesn't make sense at a large scale, but for him personally, he was like, yeah, I want to come up with some money.
Well, I think there's two pieces there, right?
So like, if you're a, for want of a better term, high net worth individual, right? So like, if you're for want of a better term, high net worth individual,
right? Your KYC and AML is all over the place anyway, right? So going through a permissioned
bridge to a crypto protocol isn't so much of a big deal, right? You're already doxxed everywhere.
If you're an accredited investor, which which you probably are you're already everywhere in the fiat system let alone everywhere else um but i think the main issue is is that those kind
of people that become aware of the opportunities are somewhat rare right and you've really got to
do some legwork to find them and bring them in which is you know large part what i've been doing
them like work to find them and bring them in, which is, you know, large part
of what I've been doing.
Um, it's the other piece of, of all that liquidity is this people who aren't of
that status, right.
Or who don't want to be of that status.
Um, and they have, especially like micro transactions, right?
So like a hundred bucks.
Are you going to go through all
the friction of insta bridge for 100 bucks or 500 bucks or a thousand bucks no you probably aren't
right it's like it's like that's a time consuming lengthy operation and by the time i'm in the yield
might have gone like it probably won't have done but these people don't know that right um so this is why the
permissionless bridge in is so important because then you can capture all of the smaller ticket
people you just want to take advantage of that opportunity quickly don't want to go through
all the aml kyc friction and they out, you know, whales 1000 to one, right?
So that you put those two, you put those two together and then you really start to
have kind of an inflow of capital and inflow of liquidity because the friction's gone.
The accredited investors, they can go through
that route still if they want to. If you have permission bridges, because, you know, for
individuals of that caliber, sometimes it's beneficial to have that kind of on and off
ramp and paying taxes and stuff, right? Yep. Where there's a portrayal and all this stuff.
So there is a utility for it. But for just your, your you know crypto bros and dgens they're a bit averse to those kind
of systems and unfortunately at the moment they're all locked out um so permissionless bridge is as
you know very high on our priorities And once we have one of them,
I really think that we'll see a much greater adoption of those opportunities
and boots will come through the door to take advantage of them
in significant quantities, I think.
A thousand percent.
And my point was, I think the bit that I'm just cautious of on this is that quite often because crypto is always forward looking, what's next, what's next, what's next, is sometimes thinking that there's a silver bullet that will solve all the problems.
Or, well, I'll just wait for that and then I'll do something. Then I'll tell then I'll mention it and like my example of the person I spoke to they weren't a mega whale
they were what would be classed as sophisticated capital because of their profession but I mean
they were probably looking at if I had to take a guess probably lo-fi figures they would bridge in
for that opportunity and they just didn't know and this is the sort of thing where you're not
going to have the same hit rate but that doesn doesn't mean that doing something now is going to still mean that we're
more likely to get to where we want to go than doing nothing now and just waiting for X, Y, or Z.
And that doesn't mean that X, Y, and Z shouldn't be pursued as much as possible because they'll
substantially reduce the friction, increase the addressable market. But that doesn't also mean that we can't do anything until then.
And so that combination is really important.
And especially kind of looping back to the ecosystem side,
I think we're seeing a bunch of these,
what I call kind of like third wave things coming into the ecosystem now.
So for example, like Atos Earn and Lattice,
So, for example, like Atos Earn and Lattice, they are yield management and yield aggregator systems, for lack of a better term, that leverage the opportunities because there are now multiple opportunities.
And what's been really great to see, kind of reflecting again on these 10 million transactions since Babylon, is you see these phases happen.
You see these phases happen.
Phase one of you just need a DEX.
You just need some DEXs up, which has some degree of liquidity in it
so people can have a somewhat market efficiency between different assets.
Cool.
Well, once you've got that and you've got enough liquidity,
well, then you can start getting things like money markets
and you start getting more exotic assets because you compare them with things
and there's some more fees getting from that liquidity.
And that starts proliferating which
we've seen over the last year or so and now we're getting this third wave of going actually shit
there's so much cool stuff here and there's opportunities i can't manage this necessarily
perfectly or i want to start engaging with people who want to be less actively managing their
positions but there are things they can go and do and that can be automated on chain as well
and seeing this is just, again,
increasing that surface area of opportunity. And on the other side, for things like permissionless
bridges, we can lower the friction to being able to access those as well. And those things
happening concurrently is really exciting and makes me super bullish. Indeed, indeed, man i mean like root finance right now usdc 35 percent weft 19 so you could borrow
from weft flip it into root right surge 100 100 like where else in crypto are you getting that right now not on usdc on usdc like not many at all so yeah it's an
awareness problem but then at the same time even if there's a no there's awareness of these
opportunities there's a friction problem too so yeah everyone just uh
yeah everyone just uh be reassured that we are 100 on trying to open those gates so that everybody
can come in and take advantage of these opportunities larger liquidity in the ecosystem
because i like what's happening at the moment i've been i've been kind of monitoring these things
and usdc is just getting flipped around from like one DAP to another, depending
on where the yield is.
Right.
So, you know, like one day on routes, for example, USDC might be 20%, right.
But then there'll be a surge on, on surge, um, and that'll shoot up.
So then all of a sudden that USDC will move from root.
And so the APY on root will go up to like 50% because then they want to take
advantage of the APY over on, on surge.
And so the surges will come down and then a few days later, it'll go
through the way again.
Um, like we have a real liquidity problem, especially with USDC.
I mean, everything else is fairly nominal, like BTC, ETH, USDT.
I know USDT is even 36%.
But it's the kind of stablecoin stuff that we need, right?
So we really need to solve that problem ASAFP.
And that's something I'm going to come on to, to talk a little bit about the incentives
campaign proposal.
But the other bit of friction solving as well is it's not always as obvious as the big ticket items.
There's smaller friction things.
And again, there's a nice meander into, I don't know what got meander as a word of the day.
But another nice kind of side to that is things like Rad Explorer.
side to that is things like Rad Explorer. So Rad Explorer did an update recently where you could
get pricing for a whole bunch of different assets on the network, including like LP positions and
stuff and download them as a CSV. You might be like, oh, why do I want that? For tax reasons,
which again is super boring, but it is something that especially people who are actively managing
positions and doing things like that. And in most jurisdictions
are like, if that's made easier, that's just another barrier of going, oh, well, that's a
headache to deal with. How do I deal with that? Because if I'm going to be flipping between all
of these different positions, I don't want to sit there and be manually going through a dashboard
and recording all of these in a spreadsheet. And so things like that are solving real product
needs and helps build that foundation of lowering friction across the board.
So super good. But demand is the other side of it. So going nicely in demand, there's a few things there.
So on the incentive campaign, I know I've been speaking kind of broadly about this in Telegram.
Work has been really kicking off this week on the foundation side so as i said a lot of the people who are
moving across to the foundation as part of restructure they got all set up on the foundation
side this week so we've been kicking that off um looking at some of the things we want to track
looking at how we're actually kind of product scoping what things like the dashboard will
look like how we do linking multiple accounts,
how we reward the different mechanisms we could do for that. And this is all trying to get it
into a stage of what I'm internally calling like the 0.1 of the proposal. What I'm doing with that
is I've started to reach out with a few select people in the community to get some very, very
specific feedback on that. And I know some of the tech team are going to be reaching out
to some of the leading dApps as well
to get their input on like,
what are they wanting to track?
What would they like to see incentivized?
How can we track that
to get some advice on that
and some help on that?
Once we get to that kind of level
where those people we've got good feedback on
and we've dealt with any of the big things
in kind of like the math
or the actual structure of the campaign, so there's no glaring problems we'll then probably
move that to like a 0.5 proposal share that broadly with the community with the feedback groups and
the people who applied for it and said they'd be up for doing it to get feedback on that and going
hey does this all make sense what are the potential pitfalls here? And go from there.
The other side as well is that definitely going to be looking at doing a consultation for the community and stakeholders
of actually if we're going to go ahead with this,
because obviously it is a proposal.
So we're going to be asking for all token holders' input
on whether this is something they are signaling generally
they are for or not for.
So expect an update on that coming up soon.
But this is all part of the stuff of going,
we need to do things that are driving people to go over any barriers that exist.
And even if you have the most perfect decentralized bridge
and tier one exchanges and everything else,
you're still competing for attention.
So the more you can do to make that opportunity better, any degree of friction of even just
downloading a new app on your phone helps get more people to go, okay, I'll give it a go.
So it's hitting that both ways, create more opportunity, create more, get more attention
on that and reduce the friction and barriers that stop people taking advantage of that.
Those are the three key pillars and we need to be hitting all of them,
and we need the ecosystem and communities help to maximize that as well.
Yeah, this is not just us doing this.
We need everybody, everybody to drive this forward.
The foundation can do so much, but without community input,
community effort, help from the various dApps and projects,
this is going to be, you know, it's only going to go off half as loud as it could do.
So, yeah, this is, it's a big thing, this.
And it was a big decision to make, and we need to make the most of it
because we only get one shot with this incentivization program so if you do have any cool ideas you have any thoughts
reach out to adam you know engage when when the when the survey and stuff goes out
please do let us know everything that you think even if you think it's a stupid idea
there are no stupid ideas
there are no stupid ideas so we need to make this as good as possible
so we need to make this as good as possible
and Adam's left
so I guess you all just stuck with me
okay
maybe I'll go through the
agenda
oh you're back
okay I thought you've been
I am back
X just decided to reload the entire thing
and kick me out yeah this happens like it's been what a couple of years now that spaces have been
generally unreliable i really would have thought it would be a little bit better by now
you made it back i mean in fairness they this this is
possibly why i'm sure there were efficiencies to be made at twitter um but maybe thinking that you
can go from like an order of magnitude down in workforce and things not break might be wishful thinking sometimes yeah these like the ad the ad the ad side of things is crazy
i'm not sure if you've seen that um i'm i'm coughing there for a particular reason and you
just it went straight over your head didn't it i i was i was trying to avert from from the trap i
fell into and not keep digging i was just trying to like smooth it over and be like, weave, weave through.
Okay.
But yeah.
Very diplomatic.
Well played.
But yeah, it's, I do wish spaces were more consistent.
Do you find as well that sometimes you just don't hear some people,
but other people can hear them?
Yes.
That's happened a few times in the spaces I've done.
Yeah.
And like spaces is a huge thing for X as well.
Right.
Yeah.
Come on, Elon.
Sort it out.
Well, we can potentially talk to him about it at some of the events we're looking at.
I don't know if he'll attend any crypto events, but the other bit of news from a PR side is
that applications for all of our events for the year are going in.
So we've just literally put in speaker applications for permissionless
as well as they open for the other big ticket events.
And just to manage expectations from the community here,
not only from a RADIC side, but just from a wider market side,
I think a lot of people were burnt last year
on the kind of a bull market fake out
and spent lots of money on very, very big booths. And actually most of the action came from side
meetings and actually just getting people in the same room rather than in the conference hall
itself. So this year, a big part of our focus is around getting boots on the ground of more events,
making sure that we're present at
these big industry meetups, making the right connections, having the right meetings, rather
than going all in on like big booths and floor space at the moment, just because you have to book
them six months plus in advance. And essentially with things so, what's the polite way of saying
how the markets are at the market at the moment so
um volatile volatile that's the word i was looking given how everything is so volatile at the moment
um making a big commitment on like booth space and stuff like that isn't isn't a good bet to make
right now so that's why we're putting in things like these speaker applications why we're making
sure side events are a big thing they're making sure that we're meeting up with the people.
And just from Token29 Singapore, Dan, I know you weren't there,
but there was something ridiculous like 2,000 side events.
And most of the time, the people you wanted to speak to
were going to those and meeting those not on the showroom floor.
So that's going to be our strategy for this year at the moment.
Yeah, I've said this before. There's, there's sometimes it's good to have a booth and sometimes
it's good to just be there and wander around. Um, and obviously the good thing with not having a
booth is that, for example, I don't have to be on the booth, right? But when we have a booth,
a lot, a lot of times, you know, somebody
chases after me and comes and finds me and such a person wants a conversation with you. So then I
have to go back to the booth and it's an hour long conversation. And that's fine for the most part.
But at some of these events, there are, you know, particular people that you might want to go and
talk to. And if you're stuck on a booth all day, you can't go and do that.
So I think it depends on the market, but it also depends on the event as well.
And it also depends what kind of, you know, if you're well known in the industry as well,
right?
Like if you're, if you're fairly well known, which I think I am, then you can kind of just
pretty much walk up to anybody and introduce yourself and then the conversation starts going whereas you can't do that if you're stuck on a booth
but some events it's better to have a booth but i think this year unless there's a significant
turnaround in market and our performance and stuff um flamboyant booths and stuff just seem like
a waste of time and money so that's the approach
we're going to take and see how that plays out although if you want to be on a booth dan but
still be able to walk around we did do a very good effort at token 2049 of getting a two and a
half meter tall statue custom built so we could just get a giant dan and just oh god middle of a conference no i
don't want to be a purple statue thank you very much are you sure i do all the colors as well we
could do other colors you maybe you could do me gray to just match the english summer weather
yeah exactly yeah yeah just do me who was it who did that meme state straight out stoke
that was that was a good oh yeah yeah i mean with the burberry cap and the gold chain and
yep yeah it's brilliant well clearly the sun's come out in the uk and we're all just like
nostalgic now um this is like the third or fourth i think i think if you've had a statue of me dressed like a chav,
it would definitely get attention to the booth.
But I'm not sure if it's the attention that you want.
It's just like all of the people who occasionally come in being like,
oh, why didn't you have this or that to draw attention to the booth?
Any attention is good attention.
We can put it to the test.
Yeah.
Yeah.
We might break that philosophy.
I'm not sure if I've ever shared, but my favourite, or the best I've ever seen anyone
get attention at an expo was CES the year that the game Overwatch came out, where Blizzard
and Uber did a co-promotion where it was also recently
when the Lamborghini Aventador had come out
and they basically branded up an Aventador
in Overwatch-style branding.
They had someone cosplaying
as one of the main characters as the driver.
And basically you just had a chance
if you booked an Uber for one person
from the Las Vegas vegas convention center
to get a lambo would turn up and get you but no but the really smart bit about it was that the
queue for ubers and taxis was massive because obviously there's so many people there yeah so
this lambo would just pull up they'd open the doors they'd get out be posing it was so blimmin
loud that everyone in the expo hall could hear it and so people were coming out to take pictures of this press were coming out and everything else they
must have paid for that lambo even if they bought it outright like 10 times over for the amount of
coverage they got from that maybe we should do that i i have a friend with a with a very nice
gray event at all are you going to dress up as the attractive Overwatch woman?
Because I think that may have been a part of it, Dan.
Me and the word attractive do not belong in the same sentence, okay?
I feel in the era of AI, like, I will do some kind of prize for whoever does the best AI-generated image of Dan as an Overwatch character.
You've got to keep it safe for work.
That's the line.
But tweet it at me.
I'm genuinely curious to see what people can come up with. Dude, this is going to be bad.
You know somebody's working on this immediately, right?
I hope so.
I hope so.
I genuinely hope so.
Okay, yeah.
I will.
I'll wait with bated breath.
Well, while you wait, why don't you, speaking of ecosystem stuff,
why don't you give a shout out for the new ecosystem space
that the brilliant Farah, our community manager,
and our new social media intern have kicked off?
Yes, and my shout out is going to be a bit shy
because I haven't actually
listened to it yet i do apologize to man um i've been a bit busy and that fell off my radar but
an ecosystem space is an actually amazing idea right because you know we give shout outs on
this space and we give an overview of what's happening in the ecosystem but i think a dedicated space to ecosystem projects is an absolutely tremendous idea and you can get a bit more in
the weeds and stuff um they can have the floor themselves for an hour tell you everything that
you need to know about that particular project and i'm sure the actual lesson one was amazing and i
project and I'm sure the actual lesson one was amazing and I definitely should listen to it.
So Tim, please ping me every two days to listen to that space so that I can cheer in solitude
at your great presentation. And it was a really good space, Dan, so you should definitely watch
it. The other reason why it's not only good for drawing attention to projects in the ecosystem but
also for describing radix in different ways and i think this is something from a marketing
perspective is often underlooked is going actually having more people talk about why
they built on radix what they liked about it what resonated with them is just increasing that
surface area of people tuning and being like oh oh, what's astrolescent?
What's aggregate? Or they tune into the recording or something and have someone relatable to them
explain it in a way that resonates with them and go, actually, I'm going to check out this
radix thing, which could be totally different to how you describe it, Dan, or how I would describe
it or how Beam would describe it or whoever. Like these are all just increase the surface area
for someone to get that kind of radix revelation moment.
So the next one of those is they're on alternating Fridays.
So it's Dan and myself one Friday,
then the next Friday it is a ecosystem spotlight space.
So next week's will be SRWA.
So looking forward to this series.
Thank you for everyone in the ecosystem taking part in it.
I have just become aware of the time, Dan, as well,
which means I need to make sure that we get through all of the ecosystem milestones
before we have to wrap up.
So starting off with...
I will stop babbling in my good mood and follow this group.
You can continue because there's some cool things here.
I'm not in a good mood often, so, you know, I'm making the most of it.
Exactly.
So Radix Wiki, you've actually gone to one of their Dap in a Day workshops.
I did.
St. Mary's.
Yes.
It was a really cool place.
Well, you clearly left an impression because the first demo from students at St. Mary's
who are doing it for their end of year, building on Radix as part of their end of year project,
have basically done their first demo.
They're working on a decentralized identity product on Radix, where you can do passwordless biometric authentication.
Wow.
They've called the project Radix ID.
workshops, which then got things into basically the team there being basically so impressed with
the Radix stack going, actually, they offered it as a end of year project for students. And many of
them are taking it up. And the team at Radix Wiki, and I know many others in the builder community
on Radix are assisting with that. So really awesome to see. There's also a really cool video
of it that I'm sure will get shared somewhere.
I can see one of our team just dropped it in, thankfully.
Please get that out on Twitter as well.
Yeah.
Okay, cool.
Yeah, I'll definitely check that out.
This is really cool.
This is happening.
University of California Davis did this a couple of years ago where I think they could build on the EVM, Ethereum, or Radix.
And some really cool stuff came out of that.
Unfortunately, none of them decided to turn them into proper applications and stuff.
in, right? And this goes back to, I think what I said in one of the previous spaces,
But, you know, this is a massive win, right? And this goes back to, I think, what I said in one of the previous spaces.
like you build on Radix and if Radix is your first exposure to crypto, and then you kind
of think, okay, cool. Yeah, Radix was cool. I'm going to go and check out Solana or Ethereum
or all these other offerings. You're going to be disappointed right so you just get sticky so this first well this next generation
i guess of builders and these universities that built something on radix it just sets the bar
for them very high to start with and hopefully they you know stick around and build more things, right? Because there's a lot of talent, um, and what a lot of these teams and stuff build
for their, you know, dissertations and things, um, very forward thinking, very
innovative, so it's great to see, we should definitely do more of this as a, as a
foundation as well, like promote these kinds of things in universities where
projects are being built on our stack, um, as part as, you know,
the university course and stuff, we should look into this more.
And it's, it's really great work by the Radix Wiki team.
My big question though is are they, when they're building these things,
is this next generation just full on vibe coding?
Who knows? Probably. things is this next generation just full-on vibe coding who knows probably i think beam is the resident expert on this beam here do a dissertation by vibe coding
just give me a thumbs up if you could
uh he's got it he's got a consultant lm to uh trigger an ai agent to do the emoji
upvote on the on the space that's the problem you do oh poor b we always give a million shares but
he takes it in his stride bless you he gives it back though he does as well he's given me a good
roasting on many occasions oh god it's gone wrong now It's now spamming the 100. Oh, here we go. It's just spamming it.
The agent's just in a loop, infinite loop.
Beams coding is going to forever be just thumbs-upping
on a Twitter space.
It's the same as all of the image generation stuff hype
that's been going on with OpenAI in the last week or two, is every every time I've seen someone use it or I've used it for things just personally as you're
just seeing and you're like probably some of the smartest humans on the planet right now trying to
revolutionize civilization and I've just used it to work out what my dog would look like if it was a person
could it could have been working on curing cancer solving yeah no space travel but no it's like
make me look like an ai pick they make me look like an anime picture
lowest common denominator that's why exactly
did you say that's Adam, lowest common denominator?
Anyway, back to Radex stuff.
So Dexion have also just launched the test method version of their staking earning product. So they're looking for people to participate in the testing, report issues, and provide feedback.
So as always, one of the best ways to help support builders in the Radix ecosystem is by going and using their dApps, using their products and providing
feedback and testing for them because that helps them make more robust products. And when they go
live on mainnet, when they get pushed out and when Dan's capital friends come in and try out dApps,
go holy moly, this is the most polished app ecosystem i've seen
what's going on it's because people like you keep going and friends happy please go and test them
go and give them feedback it's how great products are made um monsters also have launched their nft
buy a lot bot so that means people can track up to four NFT collections by monitoring marketplaces and wallet sales.
And that is 100% free as well, which is cool.
Rad Explorer, the community built Radix Explorer, is now tracking all root finance positions.
They're all integrated.
So you can now view your root finance positions, including your loans, collateral, directly on accounts and also in their bundles feature, complete with full historical pricing data.
So again, massive shout out to Charlie.
What he's building with Rad Explorer is super cool,
both on fun things like Senior.
Charlie's killing it right now.
He's outperforming everybody, even Beam and Ed.
Charlie, do you vibe code?
I think he's just breathing code
right now. Dude needs to slow the hell
down.
We need to know
his secret. Him and also the next one up
on the list, Astralescent.
Of course,
Tim Hansen here again with another another milestone
what why wouldn't he be this is just
yeah i mean resident resident announcement in these spaces i'm not complaining though dan it's
no i'm not either not really it's it's fantastic because anyway firstly last week
when we didn't have a space but we did remember it
is the built
into Astrolesson bridging to and from
Sonic so that is a
another thriving ecosystem
that we now have capital routes to
and liquidity routes to so fantastic
but more importantly and the one
that I'm personally really cool and
excited about is that Astro
Essend has now crossed $30 million in total swap volume on their aggregator.
30 million.
It feels only yesterday when it was like 5 million.
I think I remember, I still remember when people were coming out,
like the kind of the big adapts on the ecosystem coming out and getting like
excited around and hitting like 100k.
Yeah.
Yeah.
And now we're looking at 30 million, right?
Three with seven zeros after it.
Well done, dude.
Seriously, well done.
And Sonic as well.
Sonic is a good shot because Sonic did a very interesting
incentivization campaign that
ours is going to be a bit similar to.
So this is a nice opportunity
to try and bring some Sonic Bros
over.
100%.
Final one for this week is
Resource Wars is a Telegram-based
game on Radix. So they
have basically got set up. They've launched on
the launch pads now and got listed on Aussie swap with their token. So again, these are just more
areas for people to interact in more ways with the network. Things you will have seen last week
for anyone who listened or reads the weekly X article about Radex. Obviously, Atos Earn went live.
So another smooth launch by Beam.
Atos Earn is essentially a one-stop destination
for all DeFi liquidity pools on Radex.
And I know he's got some really cool things planned there
with aggregation, with portfolio management.
And personally, I'm really excited.
That's one of these kind of third phase of maturity in an ecosystem coming in. And alongside that also Lattice3 is live, which is a yield
multiplier. So basically they are live on mainnet. They've got mobile support, desktop support,
everything's all sorted, but essentially it allows you to deposit assets into lending protocols and
then use flash loans to amplify your position, basically like leverage and do borrowers and swaps to increase yield and essentially get higher returns through doing that
and have some degree of automated management in there as well. So these sort of products like
Atos Earn, like Lattice3, give a broader reach to people who can participate in DeFi, get more yields,
generate more returns for liquidity providers and obviously
people looking to utilize that activity. And so having these things come live, especially as we're
gearing up for the proposals on the incentives campaign, is just more things that allow people
to engage with this at a level they're comfortable with. Atos and Lattice are extremely cool, but I just want to be the Debbie Downer in the room
and say, if you are doing things like flash loans to then flip back in as an investment
and stuff, your risk profile increases significantly.
So just be aware that when you're doing some of these things, you will be exposed to more
risk.
Do it carefully and make sure you understand what you're doing some of these things, you will be exposed to more risk. Do it carefully and make sure you understand what you're doing.
Totally.
And in credit, they've got big warnings.
I'm sure they have,
but sometimes people don't read warnings either.
So let's just make sure that we say it too.
You mean like the thing where like the delete wallet
or delete account function
in the Radix wallet?
Definitely hasn't been someone
come into support saying
they clicked it,
clicked the thing that said
this will permanently delete your account
asking how to recover their account.
Right, exactly.
Exactly.
So, and even if you put
a hundred confirmation boxes,
somebody would still click them all.
So, yeah yeah you just gotta
send it home packet of peanuts may contain money manage your risk appropriately
now we'll just feel sad everyone was about to go and 200 leverage up
please don't do that
but it's we'll start a new trend dan it's called vibe defy oh no no no i do
not approve
the opposite of sophisticated capital oh god 200 leverage x up my god i knew someone who did that
and they got inter-liquidated when oh you will yeah it'll move
a thousandth of a cent and you'll be done they did it while the market was closed
at spot on a 200x leverage and then were confused why they just got instantly liquidated
yeah I've heard these similar stories I mean if it goes the way that you want it to, brilliant.
But if it doesn't, you're having a bad day.
It's the same people who, in certain cities around the world,
especially finance centers, it seems that every Uber driver
is just doing Uber while they're also managing a stock portfolio.
Oh, yeah.
I've actually been in one of those cabs where
the guys had like three phones attached on on the on the dashboard and stuff and there's like charts
and things going on and he asked me what i do for a living and i lied i just said oh i just lay bricks
yeah no i i said i'm a mechanic so i don't want to get involved in this conversation
panic so i don't want to get involved in this conversation that would absolutely ensue if
i told you what i really did there's just no way i'm going there and it was quite a
long uber ride as well so i thought no hell no i've made the mistake once of being like
oh you and asked a question about it and then i got about a half hour chat about how if
you use enough leverage that basically there's no risk if you
have enough leverage positions open at the same time you just keep them open infinitely and you
can never lose money and did the guy work at ftx before he was an uber driver i don't know it was
just like oh if you can't as long as you don't close the positions and just keep opening more to cover your losses, eventually it'll go back up again.
Oh, right. So that's the leveraged version of buy the dip.
Yeah, I was like, yeah, I guess.
Just keep adding margin until you have no leverage.
And essentially you're just trading spots.
Secrets billionaires don't want you to know free money glitch yeah just buy spot to start with yeah um but seriously the it's a good bit of advice for everyone like defi even when it's made
to feel very intuitive to use on radix when there's great builders building great tools.
And a lot of the risks of smart contracts eradicated and stuff like that, like it is still assets at risk and always is the case.
So please, everyone, be careful.
Make check. Measure twice, cut once is a good saying. Yes. In the context of investing. Yes.
Yep. So that is, oh no, I nearly missed two. I missed two because I went out of order trying
to pair them up. So Mintaris is live. So Mintaris is a AI image generation tool that you can also
then mint directly into your Radix wallet as NFTs.
It is super cool. It's really good fun. It's another good example of using other technologies
to make fun use cases. Definitely go and have a play with it. Their dApp is really polished. Like
the user interface, I was really impressed by it. It worked flawlessly. It's good fun. Definitely one
of those things where it's like everyone tuning in should just go and have a try at it. Go and try it. See what it does.
Yeah. I didn't even know this existed. So I am going to go and have a try.
It is.
After I've listened to the Astrolessence Space, of course. Sorry, Tim.
You could probably do both at the same time.
Yeah, maybe. I can multitask a little.
Yeah, maybe. I can multitask a little.
And then the final one, as we wrap up nearly exactly on the hour,
is Hooker, which is Alex Stella has been working on this.
So he has been working with someone else on the RDX team previously.
So doing real-time monitoring and reactions to Radix on-chain events.
So it's been a little side quest for them. It is really cool. And they're doing it to basically
unlock triggering for AI agent flows and like trading bots and stuff like that. So really
exciting. I've seen Stella has been super active on Twitter. I'm never going to stop calling it
Twitter, by the way. It's just one of those things in my brain. It's been two years, Adam. I know. It's just the foundation. It's Twitter.
It just is. But yes, it is super cool and just shows that people who are building these things
are seeing the opportunities there. There are so many things that you can build, try and test and get to market on Radix
quicker and easier than anywhere else.
And there is a whole ocean of opportunity available here.
So definitely check that out as well and have a play.
He could be unlocking Vibe DeFi, Dan,
with those AI agents.
Okay, you need to let go of this whole Vibe thing now.
You mentioned it a few times. i don't know what it is but all the cool kids are saying it oh dear do you want to be a cool kid adam is that what it is
no not really get with the culture all those things yeah they said try and be more degen
this is what happens.
I just end up saying vibe coding and stuff out of context.
It just becomes really cringy.
Let me go back to doing a monologue
about how incentive campaigns are really something
that you can model off,
looking at how you drive GDP by the velocity of money.
Let me talk about that.
Yeah, do that. No, velocity of money. Like, let me talk about that. Yeah, do that.
No, end of space.
So, Dan, that is everything that we had on the list to cover today.
Anything that you want to add before we close out?
No, I mean, you know, I'm still stuck very much in restructure, Hal, most of the time.
So my agenda, aside from that over the next week or so, is there's some more capital coming in.
I'm going to try and get some of these guys as well to go via Instabridge and bring in some usdc that we're starving for um obviously the big thing
that's probably on everybody's lips is when hyperscale i've got a little bit of time coding
on that this week which i thoroughly enjoyed because it's been way too long um but as i said in my kind of update a few days ago maybe well actually it was last week
shit it was last week already um there's not gonna be a lot of movement there until the restructure
is done just purely because of focus and stuff um and obviously i don't need focus to go and
have conversations with people to convince them that radix is the way so concentrating more on those kind of things and activities uh until things can
get moving on hyperscale again and actually now i can think about it um i think my side side story comment yesterday was perhaps a little misinterpreted um so obviously
i don't mean it in the way that i think it's been uh interpreted like that it doesn't matter about
hyperscale and all these things it's absolutely 100 it matters right the point i was making is
that our bigger fish to fry right now is getting people through the door, getting people using the ecosystem, making all the numbers go up, including the obvious one.
and hyperscale. And it's very important that you have scalability. If you do have lots of
footfall coming to your network and using it, right. But people don't generally tend to
use a network because it has scalability or scalability is coming. People use a network
because it has interesting things to do. And the scalability piece gives
them surety that they can continue to do those things that they like to do, right. So even though
scale is a headline item as such, scalability itself, without all of the amazing dApps that
the community have created, scalability alone isn't going to get people
into the radix network and using things right what does that is cool daps opportunity high ap wise
incentivization campaigns and things and the scalability piece is there for when you have
that adoption right um so when i was saying in terms of a side story, it runs alongside and it's an important narrative. But
the real thing that we need to do right now is to bring people in.
And once we have people in, that's when the scalability story becomes
important. And you know, most projects don't the scalability story becomes important um and you know most projects don't
prioritize scalability as their is their kind of you know day-to-day right like um
it runs alongside we have scale we have this we have that we can process these many transactions
and stuff but what really projects drive into market are the opportunities and
scale isn't an opportunity.
Scale is an opportunity enabler.
So that's what I meant yesterday.
Good to clarify.
Now I'm going to try this.
I tried this last week, Dan.
I asked people because I had to monologue for like
20 minutes straight.
Someone stood me up.
I mean, you had a good reason, but still.
I was like, does anyone want to come up to speak?
Ask any questions or anything?
And they did. They took some convincing.
And so if anyone
has any questions, request to speak
and to have the mic
and we'll see whether it's just you dan
that scares them off anybody everybody's always so vocal on telegram never wants to get on stage
that could be a pandora's box you're opening i'm keeping a good look
box you're opening. I'm keeping a good look.
No speaker
requests coming in.
We have to wait for the
async nature of X Spaces where
people hear us at different
degrees of delay.
I think
it's you, Dan. They're scared of you.
They don't want to come and talk to you.
I think the only person that's ever come up
was Zombie, right?
I think. Yes.
Was it Zombie?
Yeah.
Yeah, okay. Maybe next week,
right? You can all play rock, paper, scissors
with each other over Telegram, and then
the next time somebody can
be nominated, and you can
call up and ask a question.
The cool kids aren't playing rock, paper, scissors anymore.
Like the current trend.
Yes, we can build rock, paper, scissors on Radix and play it over Radix.
Well, that's what... It's Octo.
He's got to do it. Basically, it's got to be a telegram
gif. First, it was like
slot machine, then it was the dice.
He's built some bots for that, so
Otto, you need to make a rock, paper, scissors game.
Do it.
Well, since no one wants to come and talk to us, maybe it's the other route, Dan. Maybe it's not that they don't wants to come and talk to us
maybe it's the other route Dan
maybe it's not that they don't want to come and talk to you
maybe you have just absolutely
stunned them to
speechlessness because you've answered all
possible questions they could possibly have
yeah I doubt that
and if that is true I'm sure there'll be new
questions in about 30 seconds
well on that note we're six
minutes over um so everyone can have a a quick bio break grab a grab a drink dan can try and
rebalance his uh coffee yeah i'm not getting a coffee i'm gonna get some water i don't know i
don't know why i thought having a career in the sunshine to try and answer that was a good idea
but hey there we go water is probably the best idea.
Some people are wise in being able to balance
what they ingest before an X-Space.
Other people can solve global scalability of DLTs.
Yeah, I am definitely not wise on the former.
Well, it's a good job you're very wise on the latter.
And on that lovely closing note...
On that bombshell.
You missed the Top Gear reference. On that bombshell. You missed the Top Gear reference.
On that bombshell.
I thought they'd be too cliched.
It's what I had in my head.
No, you've got to do that.
Any opportunity, that's how we have to end the spaces.
On that bombshell.
If there's a legitimate bombshell, you drop the Clarkson line.
That's the way it works.
Oh, well, anyway.
That's another Clarkson meme.
We've just got two inside jokes here.
We should end.
Thank you all, everyone, for tuning in.
And we will see you all in two weeks and tune in next week for the Ecosystem Spotlight with SRWA.
Thanks, everyone.
