Rubic Weekly AMA

Recorded: Feb. 2, 2023 Duration: 0:31:36

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Right, we'll begin in just a few more minutes. We're going to let people join both our Twitter spaces lobby as well as our Telegram chat, and then we'll kick things off today.
Okay, for those of you just tuning in, we'll begin in just a few more minutes. I just need more people join both our lobbies and I'm just getting some additional things set up real quick. So if you just a few more minutes before we begin.
Hey, for those of you who just tuned in, we'll be getting just a couple more minutes. Just letting more people join both our lobbies and getting some things set up. So, we just a couple more minutes.
All right, we just one more minute and we'll kick things off.
Just one more minute, we're just gonna let a few more people potentially join both lobbies. So one more minute.
Okay, just letting a few more people in will begin in just a moment.
All right.
See we got everything.
up and running. Hello everyone, good day to you all and happy Thursday. I hope you're all having a great year so far. I can't believe we are already through January. It feels like it was just the other day.
Thank you for joining me for the fourth episode of our Rubik Weekly AMA of 2023. I'm your host, Colin O'Brien, and today I am having to bring you some more information regarding recent developments and marketing and security initiatives by our team. Our weekly report is already posted
So if you guys go to our Twitter or if you go to our Medium, you'll be able to see a copy of the weekly update report. We also have links to all of that in our Telegram channel as well. Now as usual, I'm posting this weekly AMA via audio through our Twitter spaces.
and as well via video through our telegram chat. Both formats are saved so you can listen to them after the fact and share them with friends. Now being in AMA, I'll do my best to answer as many of your questions as I can. However, there are some things that I'm still not allowed to talk about pertaining to ongoing investment.
But I would like to remind our listeners if you do have any questions you can always DM me throughout the week or anyone on the team for that matter and we'll go ahead and Try to get you the best answer to your question, especially if it's a more technical question So today I'll go through the weekly update report. I'll pause and I'm intently to check to see if we have
questions from our listeners in both lobbies as well as any text questions in our telegram chat or in Twitter spaces as well. So if you are interested in lending your voice, you're more than welcome to click the microphone icon or the raised your hand icon in the corresponding UI.
and I will call on you to ask your question. You're also welcome to type your question via text if you don't want to get on the mic. You can always just shoot comments in the Twitter spaces or you can ask your question in our Telegram chat. So without further ado, let us get into
are weekly update report. Taking things off with development, we have a new audit partner. So after a month of negotiations, discussions and difficult choices, deciding who we are going to partner with to do our audits routinely.
We have selected somebody but per the agreement with that auditing firm, we are not going to share the name of them until we are finished with the audits. That's just that's part of the agreement that we have with them. And then also as part of our new security
I would like to remind everybody we just hired a chief information security officer, CISO, and you can read all about our newest member, Alexi, and our previous weekly report link to that in the current weekly update.
have the verse decks integration. So we've just finished integrating the verse decks. It is a project of Bitcoin.com. It focuses on newcomers to DeFi and provides low fees as well as trading for ETH and SmartB.
And also they have added the verse token to the Rubik ecosystem. So welcome verse to the Rubik ecosystem and good job with all the work that you guys are doing over there. We're happy to include you in our
greater ecosystem. And then we have the revoke allowance page. So revoking smart contracts, the allowances of them, right? Like, you know, you sign a transaction when you make a swap or anything like that. It's important to be able to revoke that
privilege for any particular smart contract for any particular token that you have in your wallet. And so we are including this feature into Rubik. Your security is very important to us and we are taking very heightened measures to ensure that our users have even more control.
control over the safety of their tokens. So we have launched this revoke allowance page. And if you haven't tried it, you can go check it out right now. It is live. We have links to that in the weekly update report as well as
a tutorial on how the entire thing works and how to revoke privileges for a certain permission that you've signed on one of your wallets. So make sure to go check that out if you guys are not privy to how that is done. It goes through and shows you exactly how that is handled.
Moving on from there, we have limit orders. So soon, we are launching on chain limit orders on several major networks. These include Ethereum, B&B Chain, Polygon, Avalanche Phantom, Optimism, Nosis, Arbitrum, and Aurora. Now, this is done via 1 inch, and it will
will enable our users to gain more flexibility and efficiency by setting desired prices of assets that they want to buy or sell. Not way you can catch dips, you can catch peaks, you can set just a limit order to
you know, whatever price you think something's going to hit. So this gives our users more control over, you know, being their target prices when they're trying to make their swaps. And it also can help secure you a position when you are, when it's extremely volatile and it's going up and down and up and down.
You know, if it hits it, it will automatically execute. So, um, super cool feature. Shout out to the guys over at one inch for all the work they are doing. We're very excited to have that as part of our feature suite moving forward. So, you see, we have any questions here in the weekly chats.
You know, it is crypto winter when
There's not a single question or comment so far. That's where we are right now though. It's quite literally winter but metaphorically it is crypto winter at the moment so.
All right, let's move on with the weekly update report. So the token security features, as soon we're adding a new feature to the Ruby app, it is a token selector that will have a special symbol or sign in front of every token. And then this will demonstrate whether the token is safe and
reliable or if it might potentially be a scam. So this is something that we hope will again empower our users to have a more control over where their value is going when they're using the Rubik platform. All right, we also have a
So one more announcement here for development. We have the Stargate integration coming soon. So our team is working on the integration of the Stargate bridge and that includes all seven chains that they currently support. So right now they are supporting Ethereum, BNB Chain, Adelaunch, Polygon, Arbitrum, Optical
and phantom. So when we fully integrate them, Rubik users will be able to swap native assets across chains with the Stargate bridges in a single transaction. So one of the cool features about Stargate is it uses layer zeroes ability to transmit information. So this
help connect blockchain liquidity and improve the capital efficiency of their system as a whole. As we had presented earlier, the concept of Rubik as a cross-chain tech aggregator, we're now starting to integrate these messaging protocols steadily moving us toward that goal that we have set.
We're very excited about the integration of Stargate into the Rubik ecosystem. We will keep you updated with ETAs on when you can expect that integration in coming weekly update reports. Super cool stuff.
Again, it's 2023 and crypto is going to be a build year. All the projects that I've talked to, everyone is very heads down. And it's actually a lot of people are, it's like a sigh of relief, almost granted, you know, the market conditions.
from a price perspective are not great, especially if you're an investor or you know, hoping that your project's market cap value starts soaring, but there's not all the hustle and bustle that happens. You know, when
line go up, everyone starts freaking out and there's just so much chatter and there's so much movement and and being able to
work in this environment like working crypto in an environment that is not that is great for focusing on partnerships on developing your own platform or your protocol and really trying to
get yourself ready for that next major influx of new users of the market going crazy and all of that. So I think 2023 will be remembered in crypto as a building year, where everybody is just kind of heads down focused on
on either creating or improving what they've already built. And Rubik is, in this case, the latter, we're improving upon everything that we've already built. We're going to continue to add new bridges, new dexes, new blocks
change and then we're also going to be integrating these messaging protocols, oracles and signals. So there's a lot that is coming to the Rubik Tech suite essentially.
Yeah, a lot of interest from the SDK too. So we're going to be pushing that again hard this year. So let's see if we have any questions. I don't see here any in the Twitter spaces chat. Let's check in our telegram.
I don't see any. So we're going to move right along into marketing. So we published a new article. It is regarding our cross-chain tools curated specifically for Dex's.
So you can go check that out. We have a link to that in the weekly update report. But this is, you know, this place into the whole were were positioning. To be the ultimate cross shantech aggregator. So, you know, making it easy for any decks to come on board.
and have interoperability with different blockchain networks is a massive boon for them. So again, we have different sectors on our website now that really emphasize the software development kit and the widget
and the particular focus is DeFi, GameFi, etc. So make sure to check that out. The article is a cross-chain tech aggregator for the interoperable future of Web 3. We also have a supplemental article for developers out there.
how to drive your token sales on your website that focuses on the widget as well. And then we also have the Dex Omni Chain Future Rubik tools as a way to go across chains. So make sure you guys go check those out, beautifully written articles by our team.
Moving on from there, we have an update on our January transaction volume. So usually January is the lowest volume month in all of DeFi and our volume is close actually to our December levels. So we did six
And that was recorded on December 22nd. And then on January 23rd, we had done 5.9 million in volume through Rubik. So not bad, not a bad drop less than 10% right there.
And I think that with traditional trends, we are still technically growing because we're offsetting the normal drop in volume and then some. So I'm very excited to see what the volume is.
later this month and we'll have it update for you again in a future update regarding our transaction volume. We have the METIS governance voting results. So from their community, they put forth a governance vote to see it.
They would like to join Rubik and partner with us. I believe it was 100% it was a unanimous vote from their community. We are going to be integrating the MediaSnetwork along with the NetSwap Dex.
Um, or I'm sorry, we've already done that at my apologies. Um, but now we are making the partnership official, um, and they are going to officially include us in their ecosystem, um, in terms of marketing support and, and, and logo branding support and all that kind of
So this will only further our partnership as we move forward through 2023 and beyond. So we'd like to thank the METIS community for their support and the team over there as well. They are good group of guys had a fun chat with them.
just recently and yeah very very excited about that. Yes it was unanimous we had we had 4,900 votes for yes. So see if we have any questions here I don't see any
in the chat. Now, if you are listening to this live right now in Twitter Spaces, you can always do a text comment or text question in the chat there by replying to this Twitter Spaces. And I don't see any
questions in our chat so I'm just going to keep right on along here so we have the web 3 stronger together summit coming out. This is from March 1st to March 4th and we will be participating in that.
It's like over a hundred different projects and then it will be like a Twitter marathon and then also an Eveland metaverse event. So we've got a link to that right there. We'll have more information.
through February regarding who will be participating from the team and what you can expect from that event. But if you head over to win3strongertogether.com, you'll see more information about that event.
last but not least is a little blurb in here about today's weekly update report and voice chat posted by me and we pushed it up a little bit today. We'll just try and things out seeing if this
works better as a start time based on those who have joined our Twitter spaces as well as our Telegram chat. Not looking good compared to 8am Pacific, but you know we'll see.
We're going to keep trying things out and see what works best so that we can include as many people from around the world as we possibly can. So let's check our telegram chat here, see if we have any additional questions.
I do not see any questions, no questions today. Very quiet out there.
I feel like that is the case though. January heading into February is always one of the
slowest news cycles for the crypto industry in Chinese New Year and people taking time off. In the fact that it'll have a lot of places around the world, people are snowed in right now.
So no worries. I know that we'll have more listeners as the market starts to pick up and turn around. So looking forward to the massive influx of users throughout the course of 2020.
and in to 2024 as well. So it looks like we may have one person asking a question in our telegram chat. We'll wait and see if that comes through. But I want to take this opportunity to thank all of you who are listening to this live today or
or even if you're listening to this as a recording. We cannot hope to do this without the support of our community. So on behalf of everybody at Rubik, I'd like to sincerely thank you for giving us your time, giving us your attention, if you have invested in the project.
know, we we we we are gracious for your support and you know, we love the feedback that we get from from our community. So keep that feedback coming and we will do our best to to improve and
expand the Rubik protocol as much as we possibly can so that we can provide support for Web 3 growth. So again on behalf of everybody at Rubik, I'd like to sincerely thank you for your time and for joining us today. We'll see if we have any more last minute questions coming in.
It looks like we have somebody posted something about possibly somebody who's a competitor in the same space.
just a tweet. Anyways, well, everybody, I think that is going to do it for another Rubik Weekly AMA. I've been your host, Colin O'Brien. Thank you all so very much for
stopping by and as always stay happy stay healthy stay hydrated but most importantly stay cubic take care everybody