Thank you. you you you you you you you you you you you you you you you you you you you you you you you you you you you you you you you Another nice X technical difficulty there, guys. Apologies for that.
But also in my haste to get the spaces back up,
I also misspelled improving.
So hopefully we can all forgive that.
Running it back. Thank you. back i think we got manfredi up with the rug as well so the x-base rugs but it does mean we get
both founders up on stage which is lovely to see big shout out to nibiru kuma uh private sorry yeah private x and august as well
for still finding the show a massive shout out to the listeners um second time lucky hopefully so
uh hopefully we'll get this one off to a start but as mentioned we've got some bang of guest
speakers today we're talking about really how we are looking for defy sorry i can just realize the
title i was about to read.
How DeFi is going to help you improve your trading skills, I think is what we're talking about today.
Improving your trading skills with DeFi. Yes, that's right.
I did get the mic over to Nick. Nick, do we still have you on the main account?
Because I can see the other account is now down in the audience.
But do we have you on the main?
Yes, I'm here now we got you we got you
oh then it's a little ruggy um the will mike check nick
oh x is really bugging today i don't know what's going on first it was chat gpt open ai completely rugged for hours i don't know if any of you guys had a little bit of a crisis when that happened
i hadn't realized how dependent i was on ai until it went down for three hours and i couldn't even
get my schedule for the day set up that was crazy. I've just seen the rank main account come off,
so I don't know if Nick's now trying to speak behind that.
I'll just do another mic check with Nick,
and then we'll get this one running.
Yeah, I'm on the main now.
Oh, yeah, that's coming through crystal clear.
Let's try and get the mic over to Manfredi as well,
do a little mic check on that one,
and then we'll get the conversation cooking.
Manfredi, how is it going?
You excited for the show today? glad we could finally get you up here
yes thank you everything cool my side and uh yeah i hope now x will be more stable in the next 45
minutes let's hope fingers crossed um but yeah you're coming through crystal clear nick's coming
through crystal clear so hopefully our guests will as well and we can get this one underway for our speakers if you missed it at the end tail end of the show
before it closed out i was mentioning we do depend heavily on those hand raises today so if you want
the mic just get that hand in the air that you can find through that little heart plus function that
i am demoing right now and we will get the mic straight over to you but thank you so much for
joining and thank you so much for finding the show again alongside all of our listeners.
Listeners, we did still lose a lot of you guys, though, through the show just closing off.
So if you wouldn't mind and you would like to show us any support for the show today, a like and a retweet or a comment, any of those things, we'll just put it back on those people we lost on their radar and get them back in here because the show is definitely still going to go on.
And that being said, let's dive into the questions.
I guess my first question, and we'll get the mic over to Manfredi first, and then we'll throw it around.
How does trading in DeFi differ from traditional exchanges?
Let's start from the start. Like if people have just hopped in this show and they know nothing about DeFi, can you give us a little distinguisher between what the two is and why
they differ when it comes to trading? Well, on the DeFi sector, you can obviously make
multiple strategy automatically and instantly that probably are not able to be executed on on sex or on
traditional finance for example flash loans for instant arbitrage or yield
protocol for organizations or composable strategy among different
pools that can then be executed with the codes or automatic script that obviously on regular checks or financial standard instruments
would be really hard to even think of so that for sure is an advantage and also the the timing the
the fast execution will produce probably better entries at times compared to traditional instruments
whereas maybe volume could lack a little bit compared to checks but overall dex is more
a mechanical approach whereas the checks and traditional trading strategies, more like maybe a directional, there is a more
directional thought behind it. So people tend to use at the moment still DeFi more for mechanical
ways to generate yield. Absolutely love that, Taken. What a great way to start the conversation.
For our speakers now, as we we dive in how do you feel
about improving your trading skills with defy is there any initial tips tricks or tools or
platforms that we really should know about if we're trying to get into the trader world when
it comes to defy in 2025 we've got privex with the hand raised straight off the bat. Love to see it. Mike, over to you.
So yes, hi everyone. You gave a little bit of an intro to Privex, but we are in DeFi for
a lot of time as a team. In Privex for the past two years, we have been building an intent-based privacy decks so basically
what we offer is the experience of centralized exchange in DeFi a lot of
discussions were about DeFi advantages, disadvantages. Obviously, they are from both.
But one big thing that is missing in DeFi is liquidity and privacy. And Privex is solving both.
The liquidity part is being solved with our intent-based mechanism. It means that we have
market makers are bridging the liquidity from
Binance into DeFi, so you get to enjoy the deep liquidity Binance has on our exchange. And the
privacy is also something that you can opt in using Privex, because we launched last week on
Koti, which is a privacy layer too. Regarding improving your trading skills,
I think that part of our thoughts about the future of trading is that most of the trading in the future won't be done by human.
It will be done by agents, machines in general.
This is exactly what we're developing in Privex.
We have a training platform for AI agent.
So you can turn your prompt into a trading strategy
together with data points that you connect,
anything that you can think of, any API, any news sites,
any whatever, you can create your dream trader.
So maybe on the more practical side,
I encourage people to explore new tools on the AI section.
It's definitely not only the future,
but also the present can really leverage your skills,
Love the start to the conversation here.
Thank you so much for joining us.
We've got August also with the hand raised.
Would love to hear your thoughts on this August.
Yeah. Hey guys. much for joining us we've got august also with the hand raised would love to hear your thoughts on this august yeah hey guys you know i really think people can improve their training just by keeping your strategy simple using a few indicators mastering those and then of course like doing
the very simple things like documenting your trades but you know in today's day and age there
are so many great ai tools so So like on Nibiru,
there's Jamak AI Assistant, which will actually help you find your trading opportunities. So
it's really cool because it's a chat terminal. It'll help you break down market structure.
You can even write PineScript and it'll help you execute your trades across your nine EVM chains. So that includes like Nibiru, Ethereum,
Avalanche Base, and what have you. So it's pretty cool. And just like beyond that, your AI agent can
also do swaps, transfer to any of these chains, and it's all done through a chat terminal. So I
think this is a really great way for traders, whether you're new or experienced, to really
aspect out of trading because that can really hurt you as a trader. Love that just coming in
with all the hard tips there definitely definitely agree on that as well just simplicity is key
especially in this sort of market where it moves so quickly because look if you don't understand
your portfolio and it moves you're gonna be in
really real real trouble and we've got asgar also with the hand raised just a massive shout out to
all our speakers already getting into the thick of it asgar mike over to you yeah thanks for hosting
and thanks for pushing through the the x difficulties it seems like x really wanted
didn't want this space to succeed, but here we are. So
middle finger to the X, but I'm joking. I'm Askar. I'm from Fariside. I think in terms of
skills and DeFi, honestly, I used to be a trader, but I'm really not that much anymore. For me,
kind of in the same vein that August brought up for simplicity. I think for me, simplicity
is just finding projects you have conviction.
And once you have projects that have conviction,
you don't really need to trade as much.
It's more so understanding those fundamentals that you think are core
to those projects and investments long-term
and seeing if those fundamentals change,
if there are new competitors within the space,
if there are reasons to back it
further or not back it. And I think once you do that, in my opinion, in my history, I've noticed
that the number of hours I spend trading decreases 90, 95%. My mental health is up 300, 400%.
And in reality, I think sometimes I do better in that sense. And I know some people don't like to
hear that the best way to trade is maybe not to trade as much but i think genuinely
long term um if you're able to just really do a deep dive on projects and fundamentals you actually
care about let the money work for itself then over time i think the average is a little bit better so
that's kind of my advice when it comes to trading skills is i take the more not conservative but kind of long-term fundamental approach to trading and
security in that sense again yeah i i think security is a big big factor and i love that
we've got you guys in here as well as car to you know lean into that part of the conversation we're
about to have today because there's no point making Jenny wealth when you can just lose it in a single malicious link click. And I think,
honestly, I've had some bad experiences even recently, and I've been in the space five years
and thought I knew better until I didn't. So great, great start to the conversation. Nick,
what am I checked with you here? How do you feel about the start of this one how do you feel about these ideas
of how you improve your trading ability in DeFi
actually I was just talking about this recently
but I think that a lot of people
don't even really know who they are as traders
and what I mean by that is
a strategy, for example, as was just mentioned by the gentleman before me, like, you know,
it depends on what kind of investor you are. If you want to be a fundamental investor and
the fundamental due diligence on the team and the project matter a lot more to you than anything
else, that's going to be different than someone who's looking to set up some sort of scalping strategy. I think your risk tolerance matters a lot. I think the amount of time that
you're willing to spend checking the charts or trading matters a lot. So I think that the first
step to improving your skills as a trader is to decide what kind of trader that you want to be.
Are you looking to trade every day, all the time? Are you looking to
invest and see low, low risk growth over a long period of time? Those are the sorts of questions
you need to ask yourself. And then you can start working on developing your skills. I also think,
as August mentioned, simplicity is important at the beginning, gain some mastery over some part
of your strategy, some amount of mastery over your tool set and over
the pairs that you trade for example um and immerse yourself in that and you can start to
build some skills that way honestly like such a good point and I love how we've got into this already through the conversation.
Like so many takeaways here.
I am seeing a couple of hands raised on the show still.
I don't know if that is X bugging or whether hands have come up for a second take already.
So I'm going to throw the mic to one of you as a test.
And then if it is, hands are actually back up for a second take.
Privex, is your hand actually up?
If so, we'd love to hear your second follow-up thoughts our hand is not raised so it's a bug oh great of course you know it wasn't just that the show
kicked us or that wouldn't let us up on stage for like five minutes no now it's throwing me like
side eye hand raises when they're not actually there fantastic
anyway it will persist we'll keep going but guys give me like a wave emoji if you can if you do
still want to come in on the conversation i oh okay so i've got kuma and fair side with the
hand raise who are actually but i've got like four hand raises on my screen right now okay let's do
this let's go kuma first and then we'll go fair side on this one kuma mike over to you hey uh with the hand raises you have to turn it off like if you
think like you have to manually turn it off sometimes um but yeah hey um i'm gonna focus
directly at the question itself which is like how how defy helps you like how defFi can help you improve your trading skills.
And I think that basically you have to look at it not just from the direction of how to just overall improve your trading
because it doesn't have anything to do with DeFi.
I feel like DeFi changes the way traders can look at the markets.
Everything is transparent.
You can see positioning of people.
You can see old information much, much clearer and much more transparently.
And obviously the speed of everything that's happening on DeFi.
We run spaces on Kuma every single week where we bring on a trader
and talk about markets and interview them
and we were discussing how back in the day nothing was happening a couple of years ago we're talking
back at you know anywhere from 2016 to 2020 nothing was happening until there were like
centralized exchanges listings and now uh the whole meta has changed. Basically, by the time things are listed on centralized exchanges,
Major volumes have been traded.
I feel like trading on DEXs gives you this opportunity
of just seeing everything in a much more transparent way
and you're able to actually be much earlier
to a lot of things that other people will be lazy to do.
Because to this day, we have to face the facts.
A lot of people are still scared of being on chain.
A lot of people are still scared of having self-custody.
So if you're taking the responsibility and the risks and you're thinking ahead and preparing
yourself and everything and actually going on chain, you are able to take advantage of
being much earlier to things,
seeing everything much more transparently.
You're able to participate in taking advantage of people's positioning,
which isn't nice, but this is capitalism.
And yeah, I feel like those are some of the biggest benefits
of trading on chain and Dexas.
Yeah, I completely agree.
And for those who do have their hand raised because they want to come in, thank you so much.
And those who don't, if you do still see a hand function, maybe just give it a little click on and off.
That sounds like some alpha there.
Might be like a desktop thing.
Fairside, I think you definitely still had your hand raised and you gave me a little wave emoji so i'm like over to you next
you guys hear me oh yeah you we can now it had a little bit of a delay there but we got you
all right um hey everybody my name is charles i'm a co-founder at Fairside. But looking more at kind of trading and what we're talking about, increasing your skill in DeFi and how you can use that to become a better trader. Something that doesn't get talked about often enough, and it's kind of the unsexy side of it, is having a really strict set of rules.
So, you know, a few people have mentioned, you know, understand what type of trader you are, understand where you are and why you're there.
And have a plan before you go into a trade, before you make a purchase, while you're doing your research, while you have speculation, what is your size, why you're there?
And when do you get out? Under what circumstances?
Right. So whether it's a 3x or 100x or whether it's a 90% loss or a 100% loss I think that we
don't talk enough about having rules whether it's you're gambling because you're like I don't really
know I'm going to get into this seems fun small size I can be wrong multiple times with this
sizing so I'm going to go ahead and try it out. Or if you're thinking, I've put a lot of time into this, I feel very strongly, I have high conviction to get into
something. You need to make sure you have the same level of conviction, how and why you're
going to get out of it. So putting rules and then sticking to them. Because if you don't,
if you put rules in place, whether it's a stop loss on the downside or cash out on the upside,
and you don't follow them in in the long term you'll end
up wrecking yourself you might make some big wins and you might avoid some big losses but overall
you'll get ragged if you don't uh put some rules in place and just basically respect them
yeah that's really the difference between gambling and trading right like if you are literally there
purely for the 100x um generally normal businesses don't do that so
it's a hundred percent at that point you are just putting it all on red and you're just going to
ride it until you hit that number like if it hits yeah you've hit jenny wealth but you know there's
a bunch of different gambling ways that you can do that if it hits with the odds being stacked
incredibly heavily against you i completely agree
like i honestly i think this is one thing when we talk about trading skills where tools really
become important because honestly emotions get to you at least you know i'm speaking from experience
here this has happened to me it might not be for everybody i might be projecting a little bit here. But for me, when you do see a trade go the
way you thought it was going to go, it actually does this weird thing internally where it's like,
well, look, I called this right. So I actually think there's a bigger upside to be had here.
And you keep moving those targets. And if you do that, you often, or at least again, I shouldn't say you, I should say I, when I have done that, I often lose the upside because eventually it starts coming down.
And then you say, well, it's been at that price before.
This might just be like the dip before the big, big push.
All of a sudden, you know, it's back from where your entry was.
And that's how you really stop or start losing your liquidity very quickly because
thank you dude and look yeah it's like you take a 1.5x over time and that is some incredible
return but if you wait for a 10x over time and you never get it that initial pool has just gone
very very fast yeah yeah to some of it like
if if your plan doesn't suck before you're going into a trade then no matter what happens whether
you win or lose it was it was a good trade because you had a good idea and you had a good plan
if you get in there and your plan kind of sucked and it goes well you go ah i guess i'm gonna
double down i got all this extra padding on top of my initial investment i'll i'll hang around
um and it's just a little you're pulling a very thin thread that makes the whole sweater I'm going to double down. I got all this extra padding on top of my initial investment. I'll hang around.
you're pulling a very thin thread that makes the whole sweater disappear in terms of your bankroll or your stack or whatever you're trying to build.
Just set it and forget it.
You know, like you have your exits.
If there are tools out there,
I'm going to get the mic back over to Manfredi and Nick on the right side as I know you guys are cooking on this. But if there are tools out there, I'm going to get the mic back over to Manfredi and Nick on the rank side, as I know you guys are cooking on this.
But if there are tools out there that allow you to do that, even in the DeFi space, heavy, heavy recommend.
Just like set those exits.
Doesn't have to be the whole thing, but just knowing that you're, you know, if you're on a 2x and that was the initial target, then you can sell half of it.
And now at least your bankroll is safe and the
rest you can set and you know you can move from there but yeah there's oh my goodness i've ran
some crazy numbers and watch them go behind where i put in in the first place trump was like the
biggest experience of that and it sucks because i feel like that actually might have been the w
that made it all worth it but millennia comes in and these are the
things you have to realize there's always a millennia there is always going to be a black
swan or a millennia or like some version of an event that you could never foresee but it doesn't
mean that you just having taken the exit where you should have taken the exit wouldn't have
protected you in the first place man freddy mike back over to you here do you do you agree with
this take of like look if there's a tool there, use the tool as opposed to just telling yourself you're
going to sell at this price? Yes, of course. In the DeFi, you can attach and write those tools
that work very well. For example, we have an equity curve tracker
that is working together with our smart contract.
So we tend to analyze more the strategy in its whole,
whereas for the single trade.
And so basically if the strategy goes into a drawdown
that it's unexpected, it will be re-analyzed
and then we'll put in some random numbers
to make the the not to make
it smoother to make it even even worse and and then from there we can kind of
determine how many trades we need to go back to like break-even standpoint and
and those is what we do consistently so we don't we tend to see a strategy of
at least 50 trades to a hundred a daily chart. Otherwise, you really
don't have enough back data. And even if you use an oscillator or a simple approach like
with Bollinger Bands and moving averages, you still want to see how your target and
stops are holding in various market conditions and not just the last three months for example because
you're going to be the last one to know when the market conditions are turning like
there's this american saying the trend is your friend until it's the end but you never know
when it's the end so the trend can be for your own strategy even if it's a mean reversal for example
so the trend in that case would be sideways market or the trend itself
of a crypto coin for example Bitcoin at the moment so you you have to keep riding the wave according
to the still the the parameters of your strategy that were okay for more market scenarios. Otherwise, just say that by one and a half X, I should have exited.
It's not true because what if you take in consideration the last one
trades, then you should consider exiting at 1.37 X.
On average, then you make more than to make eventually on a big, nice trade, 2.5.
But then in average, then you lose 0.9 so then it's better to
keep also an idea where the perfect average statistical arbitrage target is so our approach
is always more statistical but on a larger scale of numbers. Dude, that was absolute bars.
And you had me and Nick cracking up there for a second as well
with the lyrics and just absolutely connected
to the overall idea there.
But it was, yeah, look, again, this is something we do know.
I think we've done a really good job in the first 40 minutes
of this show, not just talking about what to do but also not what to
do wait what not to do not not what to do my my okay anyway let's keep going but absolutely great
take so far to continue on in this vein and hopefully get me on tongue tied i want to get
the mic over to nick next nick talk to me about what role AI and bots start playing in DeFi at the moment. So are we there yet? Is AI actually starting to have an impact on trades? Like, is the tech there? And how do you feel it is impacting trading strategies right now?
uh i mean well we talked about this before as well i would say that in defy specifically
bots are really important a lot of dex volume is from automatic strategies um and i mean obviously
we're all familiar with mev and how that works and and the fact that all of these trades well
for the most part unless you're talking about some intent-based protocol, like, you're showing what kind of order you want to make, and people can sandwich you.
I mean, like, that sort of, like, game theory situation where you know that they're going
to attack your trade, you've got to use some sort of routing protocol, things like that,
to split the trades, or you try to execute them through some sort of like private mempool or something like that. So, I mean, we're actively dealing with how involved bots are already in
DeFi. And it's not necessarily a bad thing overall. I think it just helps with market efficiency. And
you know, you just have to be aware of the risks if you start trying to move larger volumes through
DEXs. But if we talk about AI, like we also spoke about before,
AI in trading has been used for going on 40 years
in traditional finance as well.
So, I mean, yeah, we have a lot of hype around a lot of tooling
that surrounds large language models, as I touched on before as well.
And just because a lot of those are hyped doesn't
disqualify the fact that ai absolutely has legitimate use case in trading and i'm sure that
language models and other types of like really hyped up ai tools will get there too and have
their own place as well um but yeah bots and ai AI bots, I would say bots are really, really important in DeFi trading strategies.
I think AI still has a ways to go if we talk about what is primarily in the case for publicly accessible tools, let's say.
But there are a lot of open source MEV bots that are, you know, you can see that they're the ones that are being used.
But I think that, like, in general, large language model stuff is pretty black boxed yeah yeah and we have
talked about this before and i think that whole hallucination journey is is still the point you
know where you just you don't want to be there you don't want to have a trading strategy dependent
on ai to the point that if it hallucinates, your whole bankroll goes out the window.
But I do think we are getting close to a day where, you know, we have to be having that conversation, right?
Like, look, it's coming. We'll keep you updated. And if you're tuning into a show like this one, we'll let you know when we feel like, yeah, no, look, this is it's more than bots now.
We'll let you know when we feel like, yeah, no, look, this is it's more than bots now.
Like these strategies are thinking for themselves or at least, you know,
utilizing more than just a set function or actions or machine learning.
And guys, great start to the conversation.
And I say start with 45 minutes in.
But with the issues at the start of the show, it still feels really new.
And that's also a testament to the speakers just constantly contributing a ton of value today and privex your hand i think is now officially up because it just went down and
then back up on my screen or is it still down no no it's now up it's exactly like uh the discussion
was gold to us uh you you talked about uh ai you talked about meV. I'll just shoot out my thoughts.
So I think DeFi is pretty broken.
I mean, the whole transparency thing is not really working for a lot of users.
There are tons of manipulations.
People's positions, big positions are being chased, you get liquidated.
I mean, the whole idea of having everything on-chain was beautiful, but practically, it had a lot of issues.
And still, people want DeFi to be great because you not necessarily want to go through all the KYC or transfer your funds
into an exchange that might get hacked and not send you back your funds.
You want your wallet, your keys, your money.
You want to have full control, but you still want the benefits of everything.
So I think we're not the only ones solving this by using intent-based mechanism, which prevent, you know, math and things like that.
And also, you know, the privacy thing is giving you the ability to choose what do you want to expose and what not.
But there is a big approach in DeFi toward these kind of innovations.
a big approach in DeFi toward these kind of innovations.
We've seen recently CZ posting about dark pools, decks.
You know, it doesn't, you know,
just come without any process that's already been initiated in DeFi.
So DeFi is likely to change.
I think we all need to adapt.
We all need to see what's coming and
prepare ourselves whether we are users. As a user, you have the power to choose where
do you trade, how do you trade, how do you do your stuff. So definitely worth trying
to keep out the fast pace crypto has. On the other side, you talked about bots and AI.
Those are completely different things, obviously.
Bots are just softwares doing exactly what they are designed to do,
whether it's buying and selling at a specific price
or doing precisely the actions.
AI is a whole different story.
AI agents are already taking over DeFi.
It's not something that will come in two years from now.
Some are more advanced than the others.
others we have seen ai xbt uh they have i mean they they made like something really innovative
and and festa and forward thinking um but when it comes down to trading you know we we are as a
decks we we are seeing everything like obviously only the users are choosing to show everything. But you see how emotions are controlling traders.
Emotional trading is the number one reason for losing
because you're either FOMOing into a position
or you're event trading after you lost your money,
you're over-leveraging, you're not keeping your rules.
Most of people don't have the mentality to set the rules and follow them.
Most people won't be doing that.
And this is part of the reason why we have built the AI training platform for agents,
where you can turn your prompt into a trading strategy.
Now, obviously, I'm not here only to promote Privex,
but also to promote this narrative
because I am such a big believer in this AI section.
I think people need to start using that.
Crypto builders are crazy.
You're building for such a small amount of people in crypto.
And I mean, it's always a struggle.
The crypto market is moving fast.
I want people to adapt as many innovative tools as possible.
It will drive a lot more usage.
The space is such an uh an advanced so definitely uh i think we we won't
be there we are there you can start using ai agents and explore them in so many projects
and it will just blow your mind
again love the takes i really implore the likes and retweets of the room to get out there like
if you are in trading in defile interested in any way you should be tuning into this one it's been
such a great show for really really fundamental insights if you want to get more involved or if
you want to upscale your trading august speaking speaking of which, I can see your hands up.
So I'd love to hear your take on all of this.
Yeah, I absolutely agree with Previ and how, you know, more use,
more traders should actually leverage AI.
And, you know, Rank is also a tool that users can use.
And, you know, there's workflow automation tools out there like NAN.
I'm not sure if you guys have heard of it, but what it can do is pull real time data from TradingView, from CoinGecko.
And then on an hourly basis, it will compute the volatility metrics.
It'll look at patterns for you, help generate signals, and then it'll tell you whether or not you should enter a trade.
It'll actually execute your trade for you. And so it does remove that emotional aspect out of it. And it's all
statistics based. So I think it's great. I think people should definitely look into it,
especially Rankin PV, which I'll check out after the show. And you can launch your own
crypto quant agent. And so you could find arbitrage opportunities and not have to, you know,
worry about doing a hundred things at the same time,
but also stress out about your trade.
So I think those are some of the great benefits
And yeah, definitely agree.
And I just, I can't overstate how important it is
to give yourself opportunities to step away from emotion like it's
especially in this space where there's no off switch and especially where a lot of the data
comes from social media like those two things are really dangerous when you're trying to trade
effectively but you live on a platform where people are going to tell you either how dumb you are or
how much of a genius you are and those two things can happen at the same time and they can happen en masse. And if you don't
have a tool or a toolkit of things that can help you avoid getting too emotional with those trades,
then you're going to get burned like you just are. Or at least I have. And I have done that
multiple times. And I am trying to almost project or tell myself off in a way that I
actually learned from the show because I need I need it so you guys have been excellent and look
massive shout out to Fairside to Nibiru to Asgard to Manfredi to Privex to August and all of our
speakers who hopped up today it's been a banger of a show but we are basically out of time so I
want to get the mic back over to Nick and Man and Freddie before we do close out and just get any updates, any milestones or any final thoughts from you guys on rank and what you guys are cooking up.
Yeah, so I just spoke a little bit about this the other day as well.
But to mention it again, we're working on allowing users to deposit LSDs as if they were the underlying
asset into trading strategies. So, you know, if you want to be staking your ETH and popular DeFi
protocols and also being able to benefit from directionally trading both up and down with those
same assets, you can do that now with Rank. That should be live in the next couple of months, something
we're really excited about because
we think it's important that we all build
essentially towards a future where we all
work together and we have some composability
between all the DeFi protocols.
Obviously, we're on the trading front
of that, so for us, any exchanges,
we can integrate with, always to give
the users the best possible
execution is what we're after. And this just kind of fits into our vision of that. As far as things
that are upcoming for us, we actually have some ideas coming in the next 10 days, I think our
first one is, and we're going with a couple launch pads. And then after that, the TGE. So that's kind
of the big milestones that are upcoming for us. I'm really excited about that. I'm excited to see some people benefiting from the premium
features of rank that the token will unlock for them. So yeah, that's our updates.
Let's go. Manfredi, any closing thoughts from you and then we'll play this one out.
Yeah. And also we're going to have a partnership with Mode Network.
We're going to create a strategy for them.
They're going to be, this strategy is going to be built of one of our most conservative
one and more stable one, which is still doing performing since 25 years, 1.5% average per
month and it's going to be based on USDC.
So I invite everybody then to check it maybe in three, six months if they want to
see the initial track record for it. And we're trying basically
to make generate revenue in this DeFi sector were very
accessible and easy for everybody, instead of creating
complexity with, you know you know permanent losses pools or other
very elaborated concept this this will be a very simple approach where you can
just put between 10 and whatever infinite amount of use to see and we
will trade it for you with the help of the board network look amazing amazing stuff and
can't wait to see you guys cooking everything that you guys have in store for the listeners
if you have enjoyed this show definitely get the follows in follow the amazing speakers up on stage
definitely follow rank manfredi and nick as well because these guys are cooking and you've just
heard everything that's in line for you that we will be talking more about on these shows as well so if you like this show
if you follow on the account you're going to get those updates too that is unfortunately all we do
have time for today though so we're going to play this one out now and thank you so much for tuning