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Radix Recap: Foundation, Hyperscale, Grants, and Ecosystem updates
Recorded: April 25, 2025 Duration: 1:07:00Space Recording
Short Summary
The Radix Foundation is making significant strides with the successful launch of the XRDGens NFT platform, a new incentives campaign, and ongoing grant support for innovative projects. Recent achievements include record-breaking transaction speeds on the hyperscale testnet and growing community engagement, positioning Radix as a leading player in the blockchain ecosystem.
Full Transcription
Thank you. Thank you. Hello, everyone.
I'm Adam Simmons, the Chief Strategy Officer here at the Radix Foundation,
and this is the Radix Recap. Not to be confused with Radix Review, community-run spaces,
and seeing as Felix and both machinists are here, thought I'd start off with giving them
a quick shout out. So it is unfortunately, or fortunately, depending on how you look
at it for the time and the space, just me today. Dan is otherwise occupied with some very exciting stuff going on.
So unfortunately, he couldn't join and we didn't want to move the time of the space or the date
of the space on short notice. So instead, we will just be diving through. Because it is just me
today, what I do want to point out and make very, very clear, of course, is that if anyone has any
questions, anything you'd
like to know, anything that you just want to chat about, raise your hand. I'd be happy to get people
up on the space to talk about it once we've gone through some of the main things going on in the
foundation and also within the ecosystem over the last two weeks. If we do wrap up a bit quickly,
then we can just have more time on our Friday night, which is always a nice thing. So first and foremost, hyperscale. We've had some movement there.
Dan has been getting on with some optimizations behind the scenes for a while now. And so those
of you who are attentive to Fusiliers Twitter will know that over the weekend, there was some community tests done. Last weekend,
that was. And as of Monday, the hyperscale testnet has done a new record. So across 32 shards,
it peaked at 164,000 swaps per second. And that was with a five second finality time,
and it ran for two hours. And over that two hours, it did just over
250 million swaps. So again, this is just further reinforcing that a lot of the testing and
optimization that Dan has been doing with community nodes has been going very, very well.
There's 100 plus nodes already in that closed group involved, and they're running on
very, very consumer-grade specs.
I believe T-Man has tweeted as well from Astrolesson that he was running on like a MacBook,
running on battery over Wi-Fi and still pumping out these sort of numbers. So this is all looking
very, very positive for improving those tests. I know Dan tweeted in reply to someone earlier today,
essentially pointing out that
once he's got some guaranteed focus time, things are very on track to doing the public test with
obviously the third party verification and validation in on that. And kind of as another
big point on why getting these tests done well, why not cutting corners, why doing kind of realistic
results in the open with open source code is so important,
is there's been some other kind of TPS tests done earlier in the week that come out with these
massive headlines that are supposedly really credible, huge throughputs. And then people
start digging very, very quickly under the surface because the greater the claim, the greater the
burden of proof and start finding problems. And once you do that, your credibility is destroyed, which is why Dan is taking the
approach of doing this in a way where people can't go and pick at a park. They can't go and
say, oh, but what about isms? It's all about getting a real or as close to realistic
main net environment running in a way that scales, is sustainable, and delivers true throughput
that's actually useful in real-world applications for real DeFi, for real Web3 usage, not just
vanity metrics.
I know a lot of people in the Cassandra group have also been excited because Dan also had
a new way to view the information, and that got quite a few people very excited.
And also something you probably don't
know, because I don't think he's tweeted about it. He's also been running that code on his local
cluster for the past day or so, doing a SOAK test, and that has been going smoothly as well.
So all of this is just getting a more robust, more prepared test for the third party validated
test. And one Stan's got a chunk of free time that he can actually
dedicate to this without having things pop up and potentially divert away from it, he's ready to go.
So that is all good news on that front. The next big item, of course, is the incentives campaign.
So I have absolutely no doubt that some rumors and some docs have probably started leaking.
It's no secret. I'm not too worried about that.
I've been speaking to predominantly the ecosystem teams
around a kind of V0.1 of a proposal for the incentives program.
And the intent is that we'll be releasing information on this publicly.
So if it does leak, it doesn't matter.
There's no hidden secret things or advantages people get from seeing this publicly. So if it does leak, it doesn't matter. There's no hidden secret things or advantages people get
from seeing this information.
The only reason that it's currently in closed group
feedback is purely for manageable amounts of feedback
on very specific things.
So to give a kind of quick update on where we're at
with the incentives campaign, we've got a very nice narrow
down kind of set of core structure of how we believe that
it should operate and what we want to propose to Radix token holders, which essentially is going,
you get a multiplier for the amount of XRD or LSUs or other XRD derivatives you own,
but you don't earn points just from holding XRD. You then earn points each week for participating
in activity on the network. So
that could be activities like adding liquidity for certain assets into different dApps, trading,
using lend-borrow markets, holding certain NFTs. There's a whole range of things we're
considering rewarding. And because it's on a weekly basis, we can tweak those each week
as essentially the ecosystem needs more incentives in different places. But the end result is at a high level, if you want to maximize the amount of points and
therefore the amount of incentives that someone would get in this proposal is basically buy and
hold as much XRD as you can, bring as much capital onto the network as you can, and consistently
utilize that capital both by adding liquidity into all of
the different apps and utilize a whole bunch of different apps every single day, every single week
for the entire season is how you get the most points. And a big kind of focus to us rather than
the approach that was taken, say, back with RadQuest is that we are only looking to incentivize
things that are economically beneficial actions. So you don't really get any
points from just trying something. And that means that a lot of the anti-farming mechanisms and
systems we're doing are more around a economically disincentivizing farming, rather than being like,
oh, we need someone's KYC or phone number or something like that. So we've been getting some
really focused feedback on that overall structure, hearing pros and cons of different approaches of how things are going, and I think we'll be
in a good position to start sharing that more broadly. Probably at the end of next week,
there's a few kind of people I'm speaking to early next week to just get their feedback on it, but
mostly it's been quite positive. The other big thing that the team has been working on
around incentives is to put together a system to do a token holder consultation on utilizing the stablecoin reserve for this incentives program.
So that is something we're looking to get started sooner rather than later. front end using the obviously RADIC stack toolkit in order to connect your wallet, link some accounts
up there and signal whether you are in favor or not in favor of utilizing the stable coin reserve
for the incentives program. And that is going to be done on a kind of weighted input based on the
amount of XRD the accounts that you're logging in with have. And by XRD, again, we're going to definitely do it on
the amount of XRD and LSUs. And we're also looking to incorporate as many derivatives of XRD as we
can. So things like LSU LP, or if you've got your LSU LP and deposited it on root or weft or something
as collateral, we want to try and capture those same as liquidity pools. I'm not going to make
any promises now on exactly which things we're going to be able to support beyond
XRD and LSUs, purely because we are working on quite a quick time turnaround. So we want to make
sure that we get something out, get the consultation and get most people able to participate in that
without kind of overthinking it and it taking weeks or months to incorporate every
little edge case of something there. And it'll be a time-weighted holding of XRD over a period of
time will be essentially how much weight your input has. So we're hoping to get that up, as I
say, in a matter of weeks. And it will run for a period of probably around two weeks is what our
initial thinking is to get that feedback from XRD token holders.
And assuming that is something that the majority of holders are interested in moving forward with,
then that is something that we will look to get working on. The good news is as well is that all
those systems that we're building to kind of do time weighted holdings of XRD and XRD derivatives
is also things that assuming the proposal is successful, and we
also go ahead with the proposal that we're currently surfacing, that's reusable because that
ties into how we're waiting like XRD for a multiplier in the system as well. So more on that
coming up soon. Likewise, if we get some time at the end of this space and people would like to ask
some questions on it or just chat around it, request the mic away.
So other things to note on this is Dan has also been busy on Xspaces. So he was a guest on the Cointelegraph space and that actually got changed. So a little bit of insider information here on
what was meant to be there. So Dan was going to be joining talking about another topic,
but the host of Cointelegraph space ended up doing some research on Radix and found an article from Dan around Ethereum
versus Radix and some challenges that Ethereum had, in Dan's opinion, on basically scaling
and actually becoming the universal asset layer for Web3 and DeFi activities and got
so down the rabbit hole, he changed the topic of the space to
just basically be why Ethereum has limitations and how Radix is leading the way in a scalable
solution to those problems. So that was a really successful space. You may have noticed as well,
people who were on the Radix recap two weeks ago as well, that the host of that Twitter space from
Cointelegraph joined our space and has tweeted
about how great the Radix community is since then. So massive thank you to all of the Radvick,
all of the people who made him feel very, very welcome in the community. And it just goes to show
that welcoming people into the community, being warm, being helpful, being supportive,
being a good guide is the other piece, as well as having a great ecosystem and technology
foundation to make sure that people get sticky. And so once again, Radix has proved that its
community, pound for pound, is probably the best community in all of crypto. So congratulations to
all of you for doing that. Another bit of news coming out from the foundation in the last two weeks was
the Penrose Report. So to catch people up who maybe aren't familiar with it, back at,
it's about February now, we engaged a company that came recommended to us from various people
called Penrose Partners. So Penrose Partners is predominantly a marketing firm specializing
Web3. They've been utilized by Coinbase near the Canadian government, the Bermuda government,
and a whole bunch of other clients. And from very, very trusted sources, we got recommended
them as being like, hey, if you want some input on kind of the strategy that Radix has been
employing, how that has worked, where that's had some
challenges, then yeah, we would really recommend speaking to them. So because with all of the
restructure going on, we did take them up on the offer and we were like, cool, we'll do an audit
so that actually we've got some external experts able to come in and look at all of the things we've done with a large amount of the
context, the data, to really assess actually, are the hypotheses that Dan, I, myself, Andy,
et cetera, had, and many in the community had around why things hadn't been getting the results
we wanted or where things had actually been working okay, but held back by other things
are correct, or actually come back and go, hey, but held back by other things are correct,
or actually come back and go, hey, we've found these other things, or we've heard these other
things. And that is a different potential solution, in which case we wanted to get that information,
A, because if we were going down the wrong path, we wanted to know that before we kind of entered
into it and got too far down it. And B, even if we were going down the right path, it's really
important, I think, for the community and even for ourselves to get that third party validation that
a lot of the thoughts and things that we've believed to be the issues that have faced Radix
over the last couple of years were actually the correct problems, because then that means that
solutions are going to be solving the right things and not going down a kind of side venture and not really addressing the key issues. So that report has now been
published. We published an overview of it. It's on the Radex blog. It is on X as well in the X
articles. But a quick highlight for everyone here was essentially the strengths are things that we
would expect. So incredibly strong community engagement and incredibly dedicated community behind Radex, a great ecosystem, especially for the size of Radex as an L1
in the wider ecosystem, like the number of builders and the quality of those dApps was
really, really highlighted. And also that there were quantitative successes within some of the marketing activities we've done in the last two years, despite limited resources.
Also, they highlighted a whole bunch of challenges.
So a lot of these are things that people listening in will be like, yeah, of course, we knew that.
But again, this was about validating that from a third party with all of the context to make sure that we were coming to the right conclusions.
all of the context to make sure that we were coming to the right conclusions. So some of the
challenges they highlighted were obviously that operationally Radix is quite a small team compared
to many of the other L1s. So one of the big pullouts here just from kind of a department I'm
familiar with, our marketing team at the moment is four people. The average size team when you
look at other L1s and L2s that they worked with, was 16, with the vast
majority of them talking kind of 20 plus people at a minimum, other than some smaller projects.
So on that side, we need to look at kind of the operational scale we're doing things, how much
we're taking on not spreading ourselves too thin. Branding and consistency of messaging was
something else. And this was one that I saw some questions on.
So to kind of expand upon what they meant by that
is that during all of the user interviews,
both within the Radix community
and Penrose sourced people wider in the industry
to get their views on Radix and our messaging, et cetera,
was that there was a large degree of fragmentation
of when people ask questions like, what do you really like about Radix? What stands out about Radix? When you had a look at Radix, what do you remember about it? People are giving different answers. users, developers, industry people are looking at going, wow, that's really cool. There's lots
of reasons to like Radix. From a pure marketing, branding, and messaging standpoint, that makes it
more challenging to get mindshare. Because if you think of some other projects or other things,
there's things you just think of. A good example, like I use it, like using like car brands as an
example. If you think of Rolls-Royce, people think of luxury.
If you think of Bugatti, you think fast car or something like that.
That doesn't mean that Rolls-Royces don't have some fast cars, but it's not their core
brand.
It's not the core thing people think of.
And so the more fragmented your brand is, the harder it is to get cut through for people
who aren't spending as much time talking about it because they're not quite sure what you
are or what you're doing. So that was some really good feedback. Obviously,
awareness and visibility was another key piece that our top of funnel was relatively small
compared to how successful our conversion was through that funnel. And again, that ties into
things around like the operational scale and the limited resources side of things.
The big ones, of course, were technical delays.
That was one which really affects a lot of other things is a lot of the marketing campaigns,
for example, over the last two years have been planned around releases that then got
moved, which then means there's been a lot of a reputational potential damage of going,
hey, we've just done a big push.
I've seen Radix.
I've got excited about it. And then what happened? Or we've committed to some spend or we're unable to commit
to some spend or some marketing promotion because we don't know whether it will be there or not.
We also saw, again, very obvious feedback for people who are active in the DeFi space is things
we know. So a limited way to actually get into Radex and specifically XRD. So be that
your liquidity options is that it's kind of tier two exchanges and the on-off ramps that we
currently have at the moment aren't the kind of really well-known ones. But also from a bridge
perspective, while there's some great cross-chain swaps, for example, with like Astral Essence using
Meyer and RocketX, there's a lack of permissionless bridging, especially
Mint Burn bridging to be able to bridge other assets into Radex, as well as liquidity issues
on how much you can actually go across even the existing permissionless bridges like Maya in a
single transaction due to the amount of liquidity in the cacao pools. So this was really helpful.
One of the challenges we've got now is that there's some really great findings. There's a lot of things that we have that we already want to do and pursue. But obviously, one of the bits of feedback was operational scale, that trying to do a little bit of everything is not have to deliver well and dealing with those in a way and with
input from the community as these are the things that we're aligning behind to try and get good
results on while maintaining the things that are going well. So speaking of things that are going
well, grants, you may have seen a flurry of activity through the main Radix Twitter account.
So we've been announcing more grants coming through and we've got a lot
more to come with that as well. So while we haven't been announcing them as diligent as we
should have been over the last six months, they have been going out, they have been getting
processed as everyone who is building on Radix can tell you. The pool has been doing a fantastic
job in making sure that grant applications are processed and
getting assessed as promptly as we can do with the volume that we've got coming through. And now
Farah and also our social media manager have been essentially working at how do we get these news
out and announcing the projects that have received grants to give them some more promotion. So the
first two of those have gone out recently. There's a whole bunch more in the hopper that will be
going out relatively promptly so we can catch up with the backlog. But the first two of those have gone out recently. There's a whole bunch more in the hopper that will be going out relatively promptly so we
can catch up with the backlog.
But the first two that we shout out, of course, is XRDGens.
So they are an NFT platform and Launchpad.
They went live earlier this week and have been off to a great launch.
off to a great launch. If you haven't tried XRD Gens, it is really fantastic. It is very well made
If you haven't tried XRDGens, it is really fantastic.
and congratulations to Machinist and also his team and the others working on it to deliver such a
smooth launch. And of course, the campaigns that have launched on that and also the NFT collections
that have been listed on there. The other one that we've announced so far is RPFS.
So the team behind the Photon project have got an MVP grant for RPFS. So RPFS is basically a
interface to make it really easy to store files on IPFS, the decentralized storage solution for
dApps, for NFTs, for metadata, and more directly from Radex. So that is really useful
for many, many different projects within the ecosystem, creating that route. And an MVP grant
has been received by Photon for that. Just a reminder, if you are a project, if you are looking
to build on Radex, there is always grants available. So make sure that you do apply.
There's two main types of grants that are available at the moment. So the first is what we call a launch booster grant. That is a fixed $15,000 of XRD for delivering an agreed scope of a DAP or functionality utilizing Radex to the network.
the network. All of our grants are paid out on the point that actually it's done, not in advance
for the launch boosters. So we're very open to what people are building and looking for either
unique functionality or unique use cases, utilizing the Radex platform and network,
and all things that are likely to drive good usage of the network as well. And then the second grant,
which is open again to anyone up to a cap,
you can have multiple of them, are called ecosystem boosters. And that is up to a cap of $150,000
worth of XRD. And they're open for projects already live on Radex that are getting traction
by the name, a booster designed to give additional resources, not only for technical development,
but also to drive success. So if you've already got a good funnel, if you're already showing
the start of kind of product market fit, able to onboard people already in the Radix community and
are going, hey, we want to accelerate this, that's the kind of grants for you and they can be scaled
to what you need. Speaking of the fantastic ecosystem, we've got a whole bunch of ecosystem milestones.
Farah, I think, has been flat out doing the weekly X-article recap recently with a number
of things that is going on there.
I think last week's one may have been our biggest one yet for ecosystem opportunities.
So this week, we've got a whole bunch. So Aussie
Swap, I've obviously just got their next wave of liquidity incentives for both their pool V2s and
provision pool V2s. They've got a share of 100,000 Aussie in the reward pool for that.
There's a new trader tracker open for beta testing called DOT, so Democracy of Trade.
So that's a new dApp for managing and tracking a collaborative portfolio.
DelphiBets have a new betting market.
So they've got a new open piece there on who will win the 2025 Champions League.
Make Radix Great Again is a utility meme coin on Radix.
So they've got a mobile app called Radix Hub.
So Radix Hub is currently in the Google Play closed testing phase
and provides a whole bunch of information about Radix,
the ecosystem, everything else in a native mobile app.
And not to be missed out,
I know T-Man was very sad for not being on the Radix recap last week,
that Astrolescent has finally crossed 3 million in
total bridged volume. That's $3 million worth. So huge congratulations to Astrolessent team and
all the team there. $3 million of bridged volume is a major milestone and one that I hope if the
community and token holders are keen on the proposal for the incentives program, we can get up by orders of magnitude with a successful campaign there.
Over the previous weeks, or over the last week, which of course is the week where we do an
ecosystem spotlight rather than an X space for the recap, just the article, there were some big
ones there. So like Root Finance hit $2 million of TVL. Raccoon Fund has done about 6.4 million of XRD traded and had 230 coins created.
Radix Charts hit new user milestones. Alpha Day has gone live and they provide kind of dashboards
and interfaces to navigate DeFi and NFTs and crypto more. So they've got it live with a Radex dashboard now.
Corvonix Lab have added a whole bunch of new features
for what you can do with CVX.
Wowo got into the top 15 of nodes.
So big congratulations to them.
Mox Studio have a new game out.
Octo has created a new bot and a whole bunch more.
I won't go through them all because there are just so many of them in there.
And also they've been announced.
So just go and read the X space from last week that helpfully the machinist has also posted.
So if you look at the engagement on this space, you will see that 15 minutes ago if you want an easy link.
minutes ago if you want an easy link. So those were the rapid fire quick updates from everything
going on in Radex from the foundation side and also from the ecosystem side. As I said at the
start, if you've got any questions, if you would like to come up, just request the mic. I'll be
keeping a lookout for anyone who has requested. If you've got a question, you just want to say hi,
you want to tell us about something cool you're building in the ecosystem we would love to have you up and give you a platform to
be able to let the rest of the community know plus it will give me bonus points if you do it because
it'll be the second time running that i've solo hosted the space and actually got someone to come and talk on the space. When Dan's here, nobody wants to come up and speak.
So, oh, Machinist, thank you. I have given you the mic, so you should be able to jump on.
We hope. Depends whether X is going to work properly
hello i can hear you it worked it worked what's going on man i just want to come up because i
like hanging out with you oh i mean i'll give you the money for it after the space for saying it but
thanks anyway.
I get paid for this.
I didn't know I got paid for anything on Radix.
Listen, I wanted to say too, don't forget if you're just tuning in and you're just hearing about Radix and you don't know what all these people are doing here, it's probably because you haven't found out how awesome this chain is.
Go to RadixDLT.com to learn more.
There's the Radix blog. You can download the wallet and make sure you're following Radix at Radix DLT. And also,
thank you for the shout out. With the MVP grant, xrdgen.com is really, really cool,
but it would not exist without the awesome support from the foundation.
Just Paul, yourself, and everybody else.
There's been so many people that have helped us.
So just wanted to say thank you.
Thanks.
Thank you to you, Machinist, as well for all of the stuff you do.
I mean, since you're up here, do you want to give everyone a quick rundown of what's been going on since you've launched XRD Gem?
Absolutely, I would love to.
So when we launched, obviously it's a huge build.
So there were a few little bugs here and there,
but the community has been fantastic.
If you haven't tried yet, please go try to break it.
We have about 15 devs behind the scenes.
Anything you tell us, we are checking off the list.
We are pushing them out of the way.
But yeah, we've had a bunch of collections or a bunch of founders go on there and claim their collections.
It's super easy to do as long as they have the owner's badge in their wallet.
It doesn't matter where you minted or if you just minted it yourself. We have people collecting royalties now from secondary sales of their
collections. One of the coolest parts is as soon as an NFT is sold at like, let's say,
you know, Eric went and claimed the deli collection, right? Every single time a deli is sold on the secondary market from one holder
to another, instantly those royalties go into his wallet. And that's free. That's free for every
founder on Radix. So please, if you do have a project, go do that because it doesn't cost you
anything. You can update it as much as you want.
You can change your royalties every five minutes if you want to. We also had a launch. We Are
Monsters, the Radix Tribes collection was a really quick sellout. It was actually really cool to see.
So the launch pad is working. Actually, later today on Radix Review, we're going to be announcing another collection with quite a few more NFTs.
But it's got a really cool utility that a project is going to be launching on the launch pad in the coming days.
And then it's just going to be open to the public.
So you won't need us to launch a collection.
And honestly, that's it it people are just having fun yeah it's going to be cool any sneaky things coming up other than that that you
can let people in on since you're here uh maybe well i can say this. Go use the platform, set up your profile. And even if you're not trying
to sell anything, right, go check to see if you have offers because you can put offers on people's
NFTs, even if they're not listed. Every NFT on the Radix blockchain is visible. You can see every
NFT in every collection, whether or not it's listed. But yeah, if you're active and you're making offers and you have your profile set up and
everything else, it may benefit you in the near future.
We are tracking that for a certain reason and people will find out pretty soon.
It is extremely fun being on the other side of this fence,
machinist.
Oh yeah.
Yeah.
Being able to be the one being like,
what can you tell us?
Can you,
can you give us any sneaky peeks of what's coming?
What have you got on the cards?
I see why people ask me that so much.
It's,
it's right.
Can I just keep praising you all the time?
Go for it,
man.
I'm, I'm with it i'm down
uh but yeah it's really exciting and it's great to see that the community
loves the platform i think that's the biggest thing because we didn't make this for us right
yes we we made it for radix but really we made it for the people in this community right and we
tried to build it so when people come from other chains, because this is an onboarding
tool, XRDGen is a huge onboarding tool.
Because when people come from Ethereum, from Bitcoin, from Solana, from Cardano, this marketplace
was slightly based on what you'll see on OpenSea, what you'll see on Magic Eden,
right? So when people get here, they instinctively know how to use this platform on Radix. And it
gives a lot of credence to the network too, right? To have a really high-end marketplace that
isn't strange, it isn't weird. They understand how the minting works. That's one of the coolest parts
that with the hidden mint,
that it actually can be progressive, right?
Every time an NFT is minted,
that's when it's born on chain
and you cannot snipe,
you cannot see it in the transaction manifest.
It's really neat.
It's exciting.
So I just, I can't wait to see what projects
come through that launch pad in the future. It's also something which we've heard so often when people come and look at Radix
is their first step is being like, once they actually do anything, they get the wallet,
they do some transactions as, wow, this is really cool. I like this um but that's somewhat expected people have that
expectation from what's on kind of radixdlt.com what they've seen from our marketing materials
the bit that really takes people away or takes their breath away on it and always gets commented
on is when they start looking in the ecosystem and i think it's something we just under under
realize when you when you're exposed to radix,
there's so many things that you like, they just become second nature. Be that, yeah, how, how
easy it is to use things, how intuitive things are to do. It's not until you kind of get that
fresh pair of eyes and going like, I did not realize you had so many high quality dApps,
the things that have been built, the size radix is at the moment, like, how have you done this?
How have you managed to get these people?
And that is really what a platform's for.
And it's a piece that I always hammer the door down on
is that it doesn't matter how great the infrastructure is.
If YouTube only had videos of paint drying,
it doesn't matter how good their quality is
or how fast or how unfrequently it buffers
or anything like that.
No one gives a shit because it's just videos of paint drying. And an L1 platform is the same.
Like if you just want to send tokens back and forth, yeah, great. But it's the dApps,
it's the opportunities within that ecosystem. It's the things to interact with that builders
create that ultimately is A, the long-term driver of anyone coming in to use a platform, and B, the things
that keeps people sticking around. So that is something that as a community, as an ecosystem,
we need to celebrate and do more of all of the time. There's no upper limit on how much we can be
advocating for, promoting, admiring publicly and loudly all of the great builders and all
of the great projects building on Radix.
Absolutely. And I couldn't agree more, right? You need to give people something to spend their XRD on within the ecosystem. And we do have some amazing platforms, but we need to bolster it up.
And for the size of the community, right? It really is amazing. This community, I've been in a lot of L1 communities.
And Radix is, for the size of it, it's insane.
That no one else is as steadfast as the Radix community.
And the ratio of builders to just regular DGENs is insane on this chain.
So that we have all of this stuff in the ecosystem
and that it's going to continue to grow is just, it's, I mean, it's a sure thing that Radix gets
some huge adoption in the near future. And the grants program is awesome, right? If anyone has
a great idea, be a founder, right? Go tell the foundation about it and i'm sure that'll help
you out right as long as it's something novel and it'll help the eco 100 machinist i'm gonna leave
with one final question um before we'll see if anyone else sticks their hands up or wrap things
up roger that Lead with example here.
So you've said a lot about XRDGents.
I'm sure it's your favorite.
I wouldn't expect anything else.
But in the interest of shouting out
and promoting other builders on the ecosystem,
I can't have favorites.
But you can.
What is the first app that comes to mind
after XRDGents?
So you're like, everyone in Reddit,
give that a go.
The very first, and don't hate me for this, anyone,
because I'm not a bright person.
If I was, I wouldn't be here.
Astrolesson, of course, if you need to bridge to Radix,
the easiest and cheapest way to do it is astrolesson.com slash bridge and they have a trading aggregator
uh behind that i don't know how much i'm allowed to say about it uh but what beam has coming up
with uh i think it's ados is is how it's pronounced i'm really excited about that i've been
hounding him to do a live stream uh and show it off i can't wait and uh i'm really excited for trove pro too
uh i was talking to rippy yesterday like i i can't i can't wait to see it um competition makes
everyone better right and it's it's just going to be awesome i've been lucky enough to get some
sneak peeks at trove pro and rippy is machine, absolute machine in what he's building. It is beautiful.
And Adolcern as well from Beam. Beam, if you want to do a live stream, I would love that.
I would definitely promote the hell out of that. So please do, because Adolcern is really,
really cool. And also it's kind of the, in my head, Adolcern and products like that
are the third wave of dApps that you start getting in a DeFi ecosystem.
Like the first wave are basically your DEXs, essentially. You can trade different tokens
and you can use different assets and you can add liquidity to them. Your next wave is going,
okay, well, what things does that enable? Predominantly things like money markets,
because you need to be able to liquidate them. So like lend-borrow platforms and such,
and launching new tokens,
launchpads, everything else that require DEXs basically come in that second wave. And then the
third wave, which things like Atos Earn and Lattice, for example, offer is a way to manage
portfolios and find those different yield opportunities within an ecosystem in a way that is
less manual.
And I think getting those things in is also a really great way
to get more people interacting with the ecosystem,
more people leveraging things.
And like, even personally,
one of the big things back in DeFi summer,
which seems like an eternity away,
like Yearn Vaults, for example,
were a great example of something
that really helped people get involved in DeFi,
get more liquidity in and yields.
Absolutely.
And that's the thing.
Now, I just want to keep going.
Some things have been around for a while on Rannix, but compared to their counterparts
on other chains, they are just head and shoulders above.
Look at Xrd.domains as well, right?
Everything you can do with a domain it's not
just a vanity address uh or your wallet so that's that's another one that i just i mean i i don't
think i've ever really gotten over what xrd domains is capable of it's it's all the foundations
you need to have a solid ecosystem.
We just need to get more people in, which is my nice tangent back into why the incentives program is taking up so much of my time at the moment and putting a lot of thought into it.
So when we have proposals for that coming out, if I do reach out to you kind of privately in any groups, please, please, please provide feedback.
I will always listen to feedback, input ideas,
and try and incorporate them in ways that make sense. Obviously, I can't do that though,
after it's happened. So if you don't offer some feedback before things kick off and before things
are proposed and then potentially implemented, you don't get to come to me in a year's time and go well i would
have done this or you should have done that tell me now or forever hold your peace right well they
won't hold their peace but you know yeah either way uh get involved right unless unless you build
that app where they can't ask me questions unless they burn some xrd i think i think that's a
i think that's a great idea i we have a lot of plans for XRD Gen, right?
Like what everyone sees right now, as cool as it seems, this is bare bones, super basic, right?
Like we have big plans for this platform and it's going to go outside of NFTs.
But maybe one of them should be that some kind of Telegram bot, I guess, would it be a Telegram bot where if you want to ask a question to the executive team, you have to burn XRD.
And if you ask it multiple times, even though you already know the answer, then the price just goes up and up and up, right, consistently.
I think it's a good idea.
Well, any one way to find find out build it and see if people
come well you have to promote it they'll come is a fallacy but still build it fair um all right well
they definitely will come uh to radix with this ecosystem and everything that where that's being
built we did have some holes right but we're quickly filling them in. And it's a step
up on other chains. Most chains, when they first onboard users, they're still getting their shit
together, right? We're going to have a fully operating, like just 100% degenerate ecosystem,
ready to go when people discover Radix. And on that beautiful note, I think we'll call it there.
No one else wants to come up and talk.
You're the only brave one, Machinist, but that is infinitely more people who ask to speak than
when Dan's here. So I'll take the whim. Excellent. Well, Dan makes me nervous. So
I try not to talk too much when Dan's around. You should do, because this is the reason why I always say ask questions, is that one incredible skill Dan has is distilling some really, really complex things around consensus, around just generally crypto ecosystems, crypto technology, visionary stuff, and even why crypto in really easy understandable ways and one of the
ways to get most of that content out is by having people ask questions framed slightly differently
from their own perspective helping them understand it gives moments of radix revelations to potentially
everyone listening as well so don't be scared dan is great oh beam wants to speak machinist
oh excellent i've summoned so we've managed to convince someone else Oh, Beam wants to speak, Machinist. Oh, excellent. Hold on.
We've managed to convince someone else.
The champ is here!
The champ is here!
Is that Beam?
It is me.
I've been told to speak last time.
Oh, God! It's Beam. Hi, Beam.
Hey.
Actually, I want to tell you... Blink twice if you're being forced to be here
beam
I actually have been forced here but I won't say by who
yeah no I actually wanted to ask a question you can't say
or have favorites about
dApps but what categories of dApps
are you using right now
for me my personal
plays right now is obviously leveraging
Atos Earn right now just to check how much I'm earning. So at the moment, that's lending stables
and also providing LP on certain volatile pairs. What about everyone else?
volatile peers. What about everyone else? So without giving any favorites, and I appreciate
you giving me a broad category to go with, I utilize DEXs, LendBorrowMarkets, and NFT platforms
quite a lot in roughly that order. So I do use the LendBorrow markets probably the most.
I think for myself, and I don't want this to sound negative, but I like doing research. I like
looking at holders. I like looking at transactions. I am on RadExplorer all day, every day. If I had to look at platforms that I use, that's probably number one.
But honestly, I'm more of just, I do have some staking out there, right?
I love staking.
I have some, I think it's, oh, what is it?
Why can't I think?
I have a bunch of stuff on DeFi Plaza.
But I'm just a token trader, man, at the end of the day, because I just love it.
So I'm on OC and Astrolesson constantly. And I can't wait till the NFT scene takes off because
that's what I do. I'm an NFT, complete degenerate. So I just can't wait to start trading jpegs all day and night
cool yeah i mean once we start getting more than one nft marketplace i may just start an atos
nft where you just aggregate all marketplaces who knows that could be cool right actually i do have to say uh something that that happened this week that
that was really impressive to me almost everyone uses it nobody talks about them right uh the we
are monsters tech the bots that nostradamus makes within like a few hours of the platform launching
of xrd gen launching i didn't even have to talk to him about it.
He had the bot all updated.
Now XRD Gen was in there.
And he does this for everyone's projects in this ecosystem, and it's totally free.
So if you see him in a chat, thank him.
Let him know that we all really appreciate the work because almost every buy bot in this system or
ecosystem is is from him i had to do it i mean this is the advantage of having having people
come on the space is you can you can shout out you can shout out whatever you want i mean within
reason when i say whatever you want, they probably...
Well, yeah.
Probably is not that machinist.
Not that.
Or you, Beam.
Actually, now that we have Beam,
can I ask real quick just for a timeline on Edo's?
What's going on with Edo's?
When can we expect the full push for this?
That's a very good question i don't ask for any backing um on any of
like the development uh you know process or anything like that but i do kind of want to get
some support from radix in general when i bring this out because you know part of the reason why i didn't you know write any dApps for this particular
platform is that it leverages quite a few dApps already um and so it allows basically anyone from
the outside to see what is even possible in the first place right so hopefully um the implementation
is practically like nearly done.
I'm very close to it.
The next stage, I kind of want a bigger push marketing wise, you know, social awareness wise.
And yeah, get some support on that, get some preparation on that, you know, for bigger money to flow in.
Absolutely.
No, marketing is huge. Yeah. You hear that? Just scratch the right foot
and you're, I think it's foot. Yeah. Scratch the right foot and you're in there, man.
Well, much, much to Beam's annoyance is it's unfortunately not scratching a foot. It's
filling in a very, very short form with some details because the one is a reason behind why we have the,
a bit of bureaucracy behind the grants process is that early on when we were creating it and
looking at it, we spoke to builders from a bunch of different ecosystems. And one consistent theme
that came up was that people really wanted to know that it was an even playing field.
It wasn't a case that, oh, you've been around a while,
so you don't have to do this.
You can just get a quick pass because I know the founder
or something like that.
That was something that really, really turned people off.
So we do try and keep it as light as possible,
but we make sure that every single grant goes out.
There is enough research. We give them all the time and attention they deserve to make sure that every single grant goes out there is enough enough research we give them all
the time and attention they deserve to make sure there's informed choices and ultimately this is
xrd from a reserved allocation for developer incentives and every single xrd that goes out
of there i like to make sure personally that if it was my own money would be money that i'd be
willing to put behind it um because ultimately, that is a finite part
that has to go for the entire success of the ecosystem.
So that is why we do that.
And I appreciate it's a little bit of friction,
but we try and keep it as low friction as possible
while still being able to appropriately assess
and make sure that we are able to responsibly use those funds.
Right. You know, another great way to raise funds that hopefully we start to see in the ecosystem now that we have, you know, a proper
launchpad is NFT collections. Probably 80% of platforms on other chains, right? They're not
built from grants. They come up with an idea,
they make a roadmap, they make a get book, right? With what they want to build, right? How much it's
going to take, what their plans are. They launch an NFT collection, they raise the funds that they
need, and then they build the platform. And then the NFT holders, right? Now you have gated access
for them, whether it's revenue share or, you know, just access to
a pro section of the platform or whatever else. There's so many things NFTs can be used for
other than just art. And I really can't wait to see people in the ecosystem start utilizing,
you know, these other use cases for NFT collections.
Like with Ados, right?
And I'm not saying Beam's going to do this.
I literally know nothing about what he has planned.
But maybe he'd launch an NFT collection,
and then that gives those holders access to the platform.
And then if you want those pro benefits,
you have to go buy one on secondary if you missed the mint.
So it's just a really cool way to do things this is why building on radix you've got the tools because
you can also do all that kind of permission side things with built-in all three badges
right there you go but it's not as fun because you don't get a little PFP of a monkey wearing a helmet.
Well, you could do both.
You could still do both.
That's true.
Fair.
But the only reason I know that is I've got something coming out next week from...
Trying not to give away too much.
I've got something out next week from a very, very important look at Radix, let's say,
from very, very, very credible people.
And this was one of the specific things called out was the way OAuth was built in and especially around use of badges for OAuth compared to normal setups of other L1s and other platforms was
something that initially they were like, why have you done that? Just do it the same way.
And yeah, they came back and were like, this is fantastic. This is so powerful. And it comes up
quite a lot. So builders, look into badges. Badges are really cool. You can do so many cool things
with them. When you say it like that, though, I do feel even in myself, that call out the other
day I got that everything i write sounds
like a 50 year old accountant with thick rimmed glasses that when i say but that's okay i feel
like that kind of geeky there badges are really cool guys they're neat yeah see if you said they
were really neat that that would be a little more you know like the what is it horn horn rimmed
glasses or whatever the heck.
That's all right.
We're all nerds here, man.
That's why we love Radix, because we're smarter than everyone else.
And we understand that this tech is the tech, right?
There is no blockchain, no tech stack that touches Radix and XRD.
It's just, we know it.
So it's okay.
We're all geeks here.
I'm currently messaging someone
because I've noticed they're in the space
who could tell us a whole bunch about badges
and I'm trying to convince them to come on mic.
I used to have a radiation badge I had to wear at work,
but that was a different kind of badge.
I don't know if it actually worked or not. When I go to sleep at night, but that was a different kind of badge. Um,
I don't know if it actually worked or not. When I go to sleep at night, I don't know if I ever told you this, but I bleach out my pillowcases and I, it's not like I drool or anything. I,
yeah, I go to sleep and within like six months, my girl hates it. The, the sheets, if they are
dark sheets will like start to bleach only where I lay on the sheets. And I think it's from the radiation, possibly.
That's what you get for being in the US military,
in the Air Force for too long.
Or, or just throwing it out here,
they're pouring bleach over your head in your sleep.
That is probably, actually.
Like, oh no, I'm so annoyed.
I can't believe you bleached the sheets,
machinist. What did you do?
That could be it.
Someone's been following me around
for a long time doing that, but it could be.
If somebody
told me that unlimited TPS
was possible two years ago,
I wouldn't have believed it, and then I found
Radix, so I can believe that someone is dumping bleach on me in my sleep.
I'm really curious now.
Maybe your sweat is like just very alkaline.
I don't know.
It is weird.
It's very strange.
I don't know how we got onto this subject.
Oh, radiation badges.
Badges.
Yeah, you just volunteered this up.
Now we're on this tangent, Machinist.
All right.
Two more people have asked to speak, so I'm going to accept them and see what happens.
Let's go.
Life's short.
So I'm not sure. If you've requested to speak, I have just accepted it.
So you'll need to click something, and then you should be able to speak on the space.
Hey, what's going on, guys?
Hey.
Hey, good morning or good afternoon.
Yeah, I have a question for the machinist.
You know, I'm on XRD Gen and, you know, when I go to my profile, you know, all of the NFT collections that i have in my wallet don't show up
only the collections that i bought off of xrd gen shows up um and i want to list because i did buy
like a bunch of them off of singularity so i do want to list like a bunch of them that i have
but the only ones that i'm able to list are ones that i've recently bought off of the xrd gen platform uh maybe it's having a uh like a caching issue or something the team's actually pushing updates
right now i can tell you that everything you see in your wallet uh and i'm sure beam can tell you
he's used the two should show up on that profile uh but we are still pushing fixes for bugs so
maybe they're in the middle uh of doing
something right now but uh yeah give it a refresh try again it should show you everything okay um
and yeah man you know i have to say like i used to be like pretty heavy into nfts like back in
like 2019 to 2022 and you know that's when it was like kind of fun for me and then after that you know
everything tanked you know ethereum nfts you know kind of took a shit and um yeah man since
finding this platform in this community between radix xrd um you know i've done a lot of research
on the project itself and like just seeing xrd gen and like what you guys are doing you know i
just have to say that,
you know, I'm actually, you know, I kind of feel the same way I used to feel when I first got into
NFTs. So definitely excited to see, you know, you guys grow and definitely excited to see,
you know, what's next for Radix and XRD Gen as well.
That's awesome. Thanks, man. And I just checked, i logged in and checked my profile i can see
everything in my wallet that i had so tell you if you reach out to me in xrd gen telegram i can
work through it with you we'll get your wallet address we'll we'll figure it out uh and we'll
get you all sorted but thank you that's exciting man yeah i feel the same way right that's when i
started five years ago right that's what i got into is NFTs. It was so exciting. And it brings a totally new level of community to an ecosystem.
how the chain's built, right?
Because you can do so much more with the tech.
Imagine what you can do with the NFTs.
And an update, I don't think I've mentioned this yet,
so Lil Alpha, pretty soon on XRD Gem,
we're going to make it so founders
can also update their metadata in real time.
So if you have evolving NFTs or it's hooked up to a game
and as you play the game it gets stronger
or smarter or whatever uh all of that will be able to be updated right through a very easy ui
no dev knowledge needed uh on the platform so it should be pretty cool yeah that sounds pretty
sorry to cut you off there but as we're coming up to time um i do see that someone else has
asked for the mic um so you should be able to speak now if you've got a question
okay uh hey everyone
hey hello yeah um i just want to quickly say, first of all, big shout out to the Radix community.
It's been absolutely overwhelming.
The amount of support, the amount of backing everyone gives.
It's just it's crazy.
It's unlike anything, basically, I've seen and I've been to a lot of crypto communities. So this is big. This is huge. So a big shout out to everyone.
I mean, on behalf of everyone, it's it's the great community that makes people stick around and you're part of it now.
So I guess the community says thank you for you for joining.
Absolutely.
And I'm not going anywhere.
Basically, I'm here to stay because Radix is really, really cool.
The first time I saw Radix, I read the, what's it called now?
Please, someone remind me.
My head's blank.
Maybe the blog. That's how I found out. I went to the head's blank. Maybe the blog.
That's how I found out.
I went to the website and read the Radix blog.
Yeah, no, I'm talking about the white paper.
Oh, yeah.
Yeah, so I read the white paper.
I looked at Scribdo, and it was love at first sight.
It was just absolutely incredible. And I'm still shocked at this point how literally everyone is not here yet like what's
everyone waiting for that's good man I think it's great yeah we're super early for once which is
awesome absolutely I'm like are you guys not seeing the potential in this like it's crazy it's absolutely crazy
i think one of the big things is that you especially externally like the challenge for
many in crypto is the people who gravitate towards radix and especially even like big names and things like that is that a lot of them are
very very jaded and have have spoken about projects that really excite them and things like that and
the upside of talking about those things now is relatively limited versus the risk of talking
about things and getting a bit of egg on their face and so that's why behind the scenes you hear
all of these stories like yourself of people coming and going like, wow, Radix is amazing.
It's why you have people in the community. And like when I look at the stats for kind of website traffic or number of people checking in on Discord and things like that, only a very small number of them actually speak.
But they do check in regularly, like open rates on emails and stuff like that are insanely high for any industry, let alone Web3.
like open rates on emails and stuff like that are insanely high for any industry, let alone Web3.
And it's because people, once they understand Radix, do stick around. And serious builders also
build things the right way. So when you look at some people on their pipelines, building complex
products, building these high quality dApps that we have in the ecosystem, it's not just, hey,
let's FOMO in and get something up. They're're like this is really a special place to build this is a really long-term opportunity to build the right things in the
right way and so let's do it properly and that ranges from kind of individual builders who maybe
have never actually deployed code before there's people like that in the community all the way up to
very well established institutions and people in the space going,
this is really solid.
And just one example of it publicly
a couple of weeks ago
was Andre Cronje replied
to one of Dan's tweets being like,
I keep a close eye on Radix.
The stuff they're doing is really cool.
And he gets nothing out of tweeting
something like that.
It's a complete risk for him
to do any tweet like that.
And so that's unfortunately
where a lot of people are just quite jaded on it.
But it's where if you've got solid fundamentals, I mean,
it's not the greatest spot to be of,
but I'd much rather be in a position of radix where there's really,
really solid foundations ready to build a very tall skyscraper than have a
moderately tall skyscraper built on sand.
And you wake up every day sweating that,
oh, God, what if it all collapses?
So that here, the community, the ecosystem,
the core tech stack and everything else
is what is needed to build long-term value
in an ecosystem and in a platform.
And that is reinforced daily by people like yourselves
coming up going like, I see it.
I see why Radix is great.
I've just come in here.
Or you get projects like XRD Gens or Atos Earn launching that gets a couple more people past the line.
Or a hyperscale test goes forward.
Or Dan does a demo of something or meets someone at an event.
Or we have a partnerships conversation with a big household name brand or something.
And they're like, this is actually looking really name brand or something and they're like
this is actually looking really really cool and they're so moving they are and it's frustrating
but the end result is something that keeps attracting value usage and genuine use cases so
we are still early but hopefully not for long absolutely absolutely and can i just say um to the machinist
you gave me an absolutely brilliant idea with your other use case for nfts i absolutely didn't
think about it because i'm looking at building something basically on radix i'm trying to view
the social five it's a social media that's bringing something unique
that other conventional social medias don't have.
I actually spoke to Beam, big ops to Beam.
He was absolutely, absolutely great help.
Beam, if you can hear me,
thank you very much for the call earlier on.
It was absolutely incredible,
but the machinist just gave me another idea and i was
like yes this is why i'm here basically um so yeah i i just i love being here and to the machinist
again you need to you know you need to start working on uh uh super super uh uh what's it called now a cape and you know costume because that's the super part
just go into any uh laundry martin just tell them you can bleach stuff
i didn't think of that right i could do that that's a great idea and i'm glad you had an
awesome idea i can't wait to see what you're building. Because if it is an NFT collection, you best believe I'll be the first in line to mint it.
Absolutely. Absolutely. I'm going to be working with everyone. I'm looking forward to it. I'm excited. Absolutely psyched to be here. And yeah, we're still early.
to be here and yeah we're still early
and on that beautiful note i'm going to wrap up the space here thank you very much everyone who
came up to speak um always good to have questions discussion going on so thank you to all of you
um and also machinist if you do go to a laundrette to tell them that you are able to bleach things
please just let someone know when you're going in case they trap you inside one of the machines.
Oh, I didn't think of that.
To use the powers for evil.
Yeah.
All right.
We can't afford to lose you.
We'll send a rescue party.
Thank you for caring.
Thank you very much, everyone, for tuning in.
It's been a pleasure.
I hope you will have a fantastic weekend.
And make sure to try out the many, many cool things going on in Radix at the moment. Thank you.
