Sama Nights | A Better UX on Polkadot with @usekoingaroo

Recorded: June 23, 2023 Duration: 0:52:31

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Well, hello low. How are you?
Hey, if he's doing well. Very nice to meet you. I guess, you know, through Twitter space, Cap. But I'm really glad to have you up here. Yeah, thanks. Yeah, thanks a long time in the making. Glad to actually have it, have it today. Perfect. Well, we'll go ahead and get started here. We're going to have people trickling in as we
go and we always have a great audience afterward as well. I'm C-Saint here with the Kusamari and this is Summonites and every single week we alternate days and nights, but the ultimate goal here is to just bring up some outstanding founders, prominent community members, thought leaders, just people who really enjoyed talking about crypto,
up three and just the future of this industry. This week we have CAP from previously private decks but now CoinGarou. Just talk about the new applications they've been building pretty feverishly doing some really great work over there and really bringing great U.S.
to Polkadot and the Greater Ecos. So I'm really excited to have you on. You mind giving us a little introduction for yourself? Yeah, yeah, definitely. I'm, yeah, a copy will hear, a copy will cap, whichever is fine. You have been building in the Polkadot space now, going on I think 10, 11 months.
Like you mentioned before this I was building private decks which is the cross-chain decks aggregator on Focatops. It's only one that really interfaces between substrate and EVM decks as I like and recently even focused on Quingeroops. So looking at the same cross-chain DeFi space but more from an investing perspective instead of pure training ones.
Awesome. That's great. I'm pretty curious about just that history of going, starting with Private Dex, moving on to Covarrue and what the status of that is. But maybe before we get there, can you tell us a little bit more about your background and how you got into crypto and just that typical story?
So I think my background really is fundamentally in software and building in general, which is why I enjoy what I do on a daily basis. But in between I got pretty into trading and actually my background's in
traditional finance. So when I left that last year, I got into crypto hard really from a trading perspective. So I was I was essentially coming up with systematic automated strategies on moonbeam style swap. That's how I really got going.
And I saw that this was, I mean, soon after the AUSD hack and several deephecks and no mad bridge hacks later, basically liquidity was not all time low. So I found that not trading on one deck was just not
because I was, I myself was moving the market too much. And I knew that Polka.has this liquidity kind of locked away in all these different chains and different Dexes, but it just wasn't accessible. So that's when I transitioned into the building space and really wanted to unify all these fragmented bits of liquidity by building private Dex.
Yeah, it's amazing. I think it's a really interesting perspective there because, you know, a lot of times we have people who, you know, sometimes we'll start building and maybe not have an exact solution in mind. You know, sometimes people just build stuff and without an actual problem to solve. And so that's a very clear problem, especially in Polkadot,
like you have multiple decks is you have multiple pair chains with this liquidity silo the little bit and you know as the ecosystem is matured we've had more options like private decks and brain decks and other that comes to mind that try to unify that liquidity but it's not really too easy of a task I would at least from what I've heard so
I'm curious if you could dive into that a little bit. You said private decks was when you guys were working on one of the only decks aggregators that unified EVM and substrate-based assets. I wonder if you could tell us a little bit more about how that started and what it's more up to. Yeah, for sure. I think
to give a little bit of context. I think the power of Polkadot is also what makes it challenging, where it gives you so much flexibility as the parachane to define whatever you want to define. So every chain at this point has its own definition of what even a token is when an asset is. So when you're looking at EVM compatible chains like Moonbeam and A-Stern, it
It becomes a little bit more straightforward because it uses the same concept as what's in Ethereum and all those EVM chains. But then when you start looking at stuff like, you know, Bifrost or HydroDX, they have their own definitions of what a token is. And they have their own implementations of what a Dex is, whether it's sometimes like on WinViam and ASTAR, it's an EVM contract.
almost literally contract on hydroDX, the Omnipul is so core to what it actually is. And then Zendlink obviously comes in. So it's all these different interfaces and these different XEM bridges. And like fundamentally, the nice thing is that XEM bridges and transfers connect all of the portrait ecosystem. But when you really dig into it,
The reason people hate poke.js is because it exposes all the raw stuff. Now you're like, "Okay, now glimmer on this thing is asset 10 under this thing." That becomes a complexity of just the sheer number of things you have to handle. You and you, as AMNs develop, more and more types of models, you have to start interfacing with those two.
So was that would you know drew you into the polka-dark system was that flexibility and you know as a developer kind of this playground to be able to create what you wanted? Yeah, I think the I think the tech is really what drew me in and it's still it's what keeps me around where like I think it's it is
is such a flexible framework, there's so much that you can do with it. So that really is exciting. And when I got into it, like I could tell that at least compared to other chains, the DeFi space was lagging behind. You know, like compared to like the tech, the infrastructure of what PolkDow offers, the DeFi space is just far, far behind what it can be
which should be. So I think there's a lot of room for growth and it's great to see new developments like HydroDX doing its omnipool even to a certain extent, Deloswap integrating Unisaw V3 like features. So I think all those things really happened after I got in around 10 months ago.
Awesome. Yeah, you're telling me about getting into finance like you were having a background of traditional finance and you know in Polkadot being able to kind of deploy unique strategies because of how the ecosystem kind of is formed makes me think of a DeFi guy talks about this a lot too
on Twitter and I think he's that oyster on Discord if you've ever kind of laid out. Yeah, okay. Yeah, he loves talking about this. Yeah, exactly. He's got a good perspective because he's right now actively, actively trading, actively doing arbitrage. So, um,
It's good to see what he's doing. Awesome. Well, so Warren should tell us a little bit more about the Konguru app itself. You know, we've understood a little bit about where you're coming from and I guess tell us what you're working on today. Yeah, so privatex focused more on active trading, but
The reality is that most people consider themselves investors, not traders. So very few people are actually trying to do arbitrage, for example, on these different Dexas. But most people are doing stuff like staking on various chains or lending on something like
or even like even go outside of Polkuton and to Aave and so on and so forth. So that and LPing all these things really come in where now it becomes a product for every man, right? The Ducksack Theater product I think was a little too... doesn't
It's a little niche in the sense that if you're looking to do cross-chain transfers, it's by far as easy as great to do it, but investing is just a much bigger use case. So I think that's really what you wanted to broaden it out and saw that that's a much bigger use case. And people that are investing in Polka. There's certain
investing on multiple parachains, but honestly they're even investing quite a bit outside of Polk. So a lot of these people have like a Polk.bag, quote unquote, and then they also have a bag in like Ethereum or Arbitrum where they're doing stuff. And then their pain point becomes, okay, now
have to go to Coinbase or Binance to withdraw the money, then have to transfer it to all these different chains, have to go to the different protocols, and it becomes this very long process if you even know how to do it. And most people don't. So most people will just buy the tokens and hold it, which obviously isn't the most efficient way to go.
Yeah, so I'll you know on that it sounds like you guys kind of just abstract the way all of these steps that you just described right and so Is that why you decided to build this application is like yeah, you see this pain point you see these You know multiple steps that people have to take and crush any ecosystems in general especially
So, you know, here in Polkadot, is that your main idea there? Where kind of your inspiration come for this app? Yeah. So, the vision is it's going to be one app where you can invest on multiple chains, multiple protocols without worrying about where your tokens are
actually where you're depositing funds from or worrying about going to the individual protocols. So what that means is like let's say that you're just sitting on $100 in fiat even, right? Instead of having to worry about swapping and bridging and going to different chains and going to different protocols, you would just deposit that onto Coin
and you click a few buttons saying that I want to deploy this into Moonwell and I want to stake on Doth and I want to put this on Avi on Arbitrum and we take care of all of that and at the end of the day everything is self-custody. That's really key to us where we don't want to lock away your funds like Ascentrise Exchange does. Everything is accessible from your wallet.
Yeah, that's kind of impressive. I mean, that's awesome idea there, right? Like you're giving people these opportunities to invest in an easy way, but it's also self-custody. So in the background is this just smart contracts and calls to pallets
and such. I'm just curious, you know, maybe not too deep because I'm not a dev by any means, but at least a little bit of peep behind the curtain sort of thing. Yeah, no, that's nothing what it is. Essentially, we are batching whatever transactions you can, we're parallelizing others and
I think that our background from private X is really useful here because we know we have a good understanding of how things work under the hood. So on the substrate based chains we're interacting with the right pallets on the EVM based chains we're basically consolidating these smart contracts with the
these different protocols. Essentially, you're kind of just hitting the raw smart contracts and pallets under the hood, which is exactly what you're doing when you go to the UI, right? But by just batching them, by parallelizing them all in one end, one front end, it just makes your life so much easier.
Yeah, definitely. I mean, I could see that I was scrolling through the other day and I was like, "Man, these are extremely useful." Like, couple of these things I'm doing already. And on that front, I did see there for a while, especially with private decks, you guys were talking to users and trying to understand what
You know different people's pain points were and of course you guys have a lot of experience But you know as people start to use your product of course you want to hear feedback and so I'm curious if there are any user feedback that you guys ended up implementing Yeah, yeah, we had a pretty long period and it's still ongoing like we we
I think we had a phase of like two or three weeks were very intensely doing these user interviews and we talked to like 30 35 people in those two weeks and even nowadays like we're constantly trying to get user feedback on our current product and source to be a source of a lot of rooms room for improvement already so I
I think that's always going to be an ongoing thing. But yeah, in terms of takeaways, I think, like, honestly, those your interviews we did in that two, three-week period was really what informed CoinGrew in the first place. Like, we talked to a couple people that had this process of onboarding funds from Coinbase and doing these bridges and doing these swaps.
like 25 minute routine every Sunday. We had other people that were like, "Yeah dude, I'm just holding on to these tokens because I can't be bothered to actually put them into lending and it just takes too much time." So I think those are the two main user stories that really stuck out and Quinger
through aims to help both of those people. For the former, the people that know how to do it, instead of doing it in 25, 30 minutes, do it in 60 seconds, right? Do it in one minute. And for the latter, hey, I'm giving you like a one minute approach to actually start earning 5% yield on whatever you're already holding. So it's just free money at that point.
Yeah, honestly, I think I'm that second user there. I'm the person that's like a stake and forgive. Like, you know, I'm not necessarily one who's deep into trading. I tried there for a little bit, but in double as money, it's like, yeah, not for me. But in terms of networks deployed on you, you know, you guys, of course, are in
that you've spoke about, Moonbeam a little bit. Where else have you guys deployed? I wonder if you could talk a little bit about how easy it was or some of the challenges that you guys found when working with these different protocols. Yep, so when we launched our MVP, we were 100% focused on PolkaDot.
So that meant that we supported Polk.relay. So both native-staking and nomination pool-staking there. We did Moonbeam, so Glimmer-staking for sure, and then also Moonwell. We did A-Star, so Al-Jem primarily were working still to do the upstaking, but it requires a couple changes on their end.
and by frost. So v.vgwimrather. So already sort of targeting a host of things and all of these we source from our users. So these are things that users reported themselves using and we wanted to make it an easy interface to just add to your investments. If you're DCing into staking, for example, just go to
through our interface and you don't have to worry about those bridges and swaps. So that was what we did for at the very start and then around a week and a half ago we added support for arbitrage. And that was very deliberate addition to where all the folks that we talked to in Polkadot, they were also actually pretty active on arbitrage.
So like we had a separate bag on Arbitrome where there are quite a lot of d5 protocol there that they're interacting with. So then it was a good way of like, okay, instead of trying to have these separate bags for Polkadot ecosystem and Arbitrome ecosystem, we'll give you a unified interface for both of those.
right now, just a quick sneak peek where we're in the process of adding ZK sync error support. Most of this is a proof of concept just to see, because we've seen several people in Arbitram after ZK sync support. So actually, honestly, at the end of probably in six, seven hours, that will be live.
Wow, awesome. Thanks for the album. And that's a, you know, that is really interesting there because the group that, you know, guys that I talked to, I guess, more small knit group, we are an obitrym a little bit too. So it's interesting how you, you know, note that
that's a very common thing that you've come across. But yeah, I mean, that's nice, you know, to be able to have all of these options from different chains on one UI is that's kind of what we're looking for, right? It's what we've talked about a long time in the Polkadika system. And now we're seeing projects like CoinRoo.
What you guys are doing is really incredible. Coming back to a couple of different features, what are some of the features that you guys are most proud of implementing? I think I may have caught maybe fat contracts, is that right? Yeah, so with Privadex, that was...
I wanted to build it for the end use case of this cross-stintx aggregator, but I wanted to also use Poker out tools to build it.
So I came across a lot of contracts and I first started building, I was going to be very early on before I started advertising it that much and pretty sure it was the first person to build a real application on their test site.
with them, they even gave me a grant to build on fat contract. That was a very cool technical challenge. Also at the end of the day, now it's a decentralized protocol that you can use to do stuff across chains.
that, that thing becomes very neat. And it's fundamentally different from how EVM smart contracts and slid contracts exist. So that's why it's the only one that can actually interface with EVM and substrate. That's just not doable with the normal EVM contracts.
So, tech wise, I think that was probably the coolest thing. With Quinger Ruby, we've honestly kept the tech very simple, very dumb and simple, really focused on the business use case.
want to allow people to do cross-chain investing. Let's just build the MVP for that and build out the features and then worry about cleaning up our tech debt, which is building up.
you know, with what you guys did with private decks, I have a little doubt that you guys are going to be able to build up your tech stack whenever you need to. But I think that's an interesting, personally, I think that's a really good strategy because people are looking for those use cases that are going to make their lives easier. And sometimes I feel like
crypto, it's like we work to make people's lives harder and like you know 25, 30 different steps what can we do to you know sink your time but you know it's nice to hear that and you know on that front you also at least when I was jumping on there I saw that there was also like a Google sign in and you can kind of tag your
your Google account to your EVM and your substrate address. These are really intuitive things and things that are at least from my experience in the Polkadot and even greater Web3 ecosystem is pretty unique. I'm curious what you guys thought about with that and if that was clearly intentional, but just wondering your thoughts on that.
Yeah, we wanted it to be the end user, I think, is really someone that's sort of new to DeFi. I wanted it to be very accessible for them. So, honestly, logging it with your wallet is fine from an anonymity perspective, but it's sort of painful sometimes.
for mobile which we don't support quite yet but we're adding soon. Then it becomes a little painful. You have to go to the Metamask app for example and then access it there. Or you're just on a new computer and you don't have access to your wallet. So I think we wanted to log in to be very easy. And actually if you do the investment process, if you have funds already in your
you don't have to sign any transactions. So you don't need a wallet at all as long as you have deposited funds in some way. And especially now that we have, we're adding Coinbase pay support, like then the whole process can be done straight from take Fiat from Coinbase and put it into your account. And then you don't need to use, you
don't need to use a wallet at all. So I think the goal is really for accessibility to be as high as possible. And it has to be on the previous one. I think the challenge with crypto is that there's clear value in decentralization. I've been using that time and time again to centralize authorities sort of being sort of using that.
Right, but the problem with decentralization is that if you're not careful that leads to fragmentation and that leads to a pretty discrappy UX. So that's what we're trying to target with with CoinGrew where the underlying protocols are all the protocols themselves. We're not trying to aggregate that into a vault or into a yield aggregate.
and giving you just our smart contract to interface with, I think that kind of goes against the whole ethos of what DeFi's about. And also honestly, that's as bad as your smart contract risk. I wouldn't personally want to do that. But so we're leveraging all the decentralized stuff, but giving you a unified UI, UX, to access them.
Yeah, that's outstanding. Honestly, I feel like that's a sweet spot, and you guys have definitely found it in terms of trying to leverage the decentralization, which is a powerful on itself, but being able to present that to the user in a way that makes sense and is easy and intuitive and obviously
If you can do it in 60 seconds, I mean, that's a big, big bonus. You know, and you guys have been working, you know, clearly very hard and have been thinking very, you know, critically about these problems. And I do see that you're part of the MoonBeam Accelerator Program. You know, can you tell me a little bit more about that experience and
how you guys got started with them. Yeah, so the accelerator program started early April. So it's been about two and a half months at this point. And it's a great, I think we went in and we quickly started doing these user interviews and tried to figure out what to actually
build next after product. So that's how KlingRoo came up and it's been great having Moonbeam support. So we've talked to several of the core members there. But we've always been helpful in terms of like when we expand to Arbitrum for example, like they help introduce us to the Arbitrum ecosystem folks. When we have like technical questions, you've got like the
team and the fact that I can list off people at Moonbeam and the partners that have been helpful, I think that's been great. So I think that in itself was a huge huge value add. And the second thing, it's always great to have company and people that are going through the same thing as you. So having
that other batch of 10 other companies that also has been great. I think especially as a startup founder, there are lots of challenges. In terms of actually building, getting users, so I think knowing other people are going through the same thing that psychologically is helpful.
Yeah, it's funny. I saw this. I mean today it was like on the left side of it, you know, you have this guy trying to climb the mountain and he gets to the very top of the peak and he's like almost there, a product almost shipped and then he gets to the top of the peak and it's like, oh, you got another peak distribution. Getting those users, you know. So.
Yeah, I can imagine it's really difficult. I have only heard great things about working with the Moonbeam team and very similar to what you said, very hands-on, very helpful, very accommodating in a lot of different ways, but also pushing people, which has obviously been well for their ecosystem. I think we're pulping out as a whole.
And you know, Moonbeam has kind of helped to risen the different boats of all these other pair chains, right? And of course, these multiple other pair chains have done incredible things and are helping each other kind of expand on those network effects. And so I'm curious, you know, multi-chain, not only just within Polka out itself,
but inside and outside of that, you know, our shared security umbrella. What do you think about a multi-chain future? Do you do for C apps like Quangaroo, you know, kind of come into the surface? Do you have any of the thoughts of how this may look? Yeah, I think it's clear that
features going to be multi-chain. There's not going to be any single chain that wins 100%. There will be some chains that are larger than others. I think Ethereum is around to stay near the top for a while. But it's very clear that there's going to be stuff happening on all these different chains. And especially as more and more chains come
it's going to get increasingly fragmented. The question mark in my mind is how much cross-chain stuff is going to happen, meaning how much values actually being moved from chain to chain versus people just sort of saying that I'm putting X amount of money or doing X activity on Ethereum and doing this separate activity on Polkadot.
So I think that's the question mark, but with Quanger Roo, we're sort of trying to bridge that gap of, you know, we know that things are going to be multi-chain and whether or not, and we're trying to, I guess, move people more to this cross-chain mentality without imposing that burden on them where, like, in
Instead of saying that you're allocating $1,000 on Ethereum, meant $500 on Moonbeam, but you just have $1,500. You know, put it wherever you want, and we'll figure out how to do it. So I think that's, it's going to require good products to move in that direction, which is why it's a little bit more of a question mark. But I think that really is the ideal goal.
Yeah, definitely if you're with you there, I think about my own personal experience, right? Moving in between different chains, not only within the Polkaddi ecosystem, which is pretty intuitive, honestly, it's pretty simple to do through XEM. But when I'm trying to, for example, try to get ETH and Arbitrum versus Ethereum versus ETC,
sink or even going in between assets that are native polka dot assets to Ethereum base or C's outside of polka dot. That's a task, right? It takes a little bit. You got to wait so much time for different bridges to work out and all that. I do really see the value
these applications that are able to abstract away a lot of that time, effort, and energy, and really give people the experience of, you know, for example, for corngrou investing, these aggregators that are coming up to extract away a lot of these complexities underneath the surface and just make it a better experience that, you know,
keeps with those ideals that you've also been touching on a lot, right? Like self-custody, not trying to compile it all into one contract, right? Keeping that decentralization there at the same time. And so, yeah, I mean, that's great to hear that. I agree with you on your ideas about the multi-chain future. And, you know, I think
And what I'm going to focus on in itself is that idea of having multiple chains kind of work as one and a lot of our specs and applications being able to live in between those chains. What do you think, I really need to do to kind of bring in more Web 3 native users and then maybe we can talk about people outside of Web 3 after that.
Yeah, I think polka dot is the challenge for new people is that it's not EVM right that's what people are familiar with usually if you talk to people that are new to crypto, new to web 3 in general they start off on something like a theory on they get sort of familiar with how EVM stuff works and then it's there just is added
roadblock to understand how coke that works. Like, oh, why is there not a smart contract? What is a palette? Like, all those questions become sort of, it become question marks. And then there's also the idea of, is how do I actually get money onto the system? So, like, fiat on ramps become a big thing, which I know that parity is working on that pretty actively.
But I think part of it is an educational thing which I think lots of people do good jobs on that part of like this is how poke out works and this is like these are the things that are good about poke out but fundamentally I think people want and user products right the tech being cool attracts people like me attract
people that are really into that aspect of things, but people just, I think, want to play a good game, or they want to earn the highest yield wherever it is. So wherever that ecosystem becomes rich, that's where they'll go. And I think arbitrage is a good example of that, right? Like relatively new chain, but just such a rich, defy,
system there, like there are hundreds and hundreds of these protocols that you can choose from. So that becomes the power there. So I think, to certain extent, it's also to keep building, but it's not building the infrastructure. I think that's going to bring people in. It's going to be building the products, the actual end use cases.
Yeah, I'm with you on that. And I think that's something that has been really frank the last few months that teams have really kind of pivoted a lot of teams. I'll say have pivoted to infrastructure building into products and product development. And you know, you mentioned high
And that's one that I really think about a lot in terms of their now shipping features to their base protocol and just makes people's lives easier, right? Like this DCA feature, the Omni Pool making me easy just to use one asset, Quinger, of course, which we've talked about, you know, here about just, you know,
and being able to abstract a lot of complexities and let people invest easier. There's a number of different applications that we can talk about that have been coming out lately. But yeah, I agree with you there that it's going to be those end products that are going to attract web3 users. And you know, we've seen some announcements of late about, you know,
enterprise adoption too. I wonder if that I'm curious your thoughts here. Do you think that will bring in more users? Do you think that's an advertising type of thing? Or do you think that will actually bring tangible business and liquidity to the ecosystem?
Yeah, that's a good question. I think
I'm so focused on the DeFi realm and not really what I think I can see it more about. So I'll focus there. I think liquidity becomes a core necessity. I think it's necessary but not sufficient. Right. You could have a really cool AMM model, really cool decks.
But if you don't have liquidity, if you aren't able to get money into the system, people just won't be able to use it. It's just not going to be any good. We do frankly see that with a lot of, if I protocols in general, where liquidity just pales and compares to what's out there. And that's also why they're only a handful of
of protocols. But again, it's not sufficient, where you can't just dump in mercenary of liquidity and hope that that will, I think, bootstrap everything. So it does, essentially, you need to convince people to move away from their current thing to the new thing. And that's always a
you're challenged. Actual switch over is very, very difficult, so you need to be offering something better. If you're already on LP on Uniswap on Arbitrum, and you hear that there's comparable liquidity or almost as much liquidity on Moonbeap, for example, on Uniswap.
Are you actually going to switch over? I don't know. There has to be some sort of added cell. So I think it helps bottom line, but there needs to be some innovation. You need to have, I think, some niche that you're cutting that's above and beyond what's out there already.
Yeah, I definitely hear you on that and I would agree and you know, I think that One thing that'll be interesting to see is how we attract you know Look new liquidity whenever the cycle starts to turn You know, and I think that as people take another look maybe they'll be able
the city's applications that have been built that will be able to attract the new eyes because like you said, once people get ingrained in the chain or ecosystem that they're comfortable with, it's really hard to get people out of that. Especially in Web 3, I feel like you know as
traditional applications I use on my phone on a day-to-day basis or things I typically do, you know, sometimes you switch that up because it's pretty seamless throughout but the bag bias is a very strong thing, right? So I'm curious what are...
We talked to Polkadot people. They're the biggest maxis you'll ever see. People that are in Polkadot, they love Polkadot. They're never going to switch outside. So, I've got sticking power is very much there. So, it's a matter of, I think, top of funnel, like getting people into the system.
Yeah, fully green. You know, in terms of we talked a lot about like web 3 natives and the idea of how to like, you know, bring people's eyes away from what they're using now and something different. What about, you know, the web 2 or trying to bring in people that just are familiar with crypto in general, you know, from here
you talk and looking at your application, I know that that's an end user that you're targeting, but I'm curious to your thoughts on how you guys think about that. Yeah, that's definitely, I think, long term what we want to target with Quingeru. Obviously, it's a huge challenge.
And for multiple reasons, like there's so many there's so many activation barriers you have to cross to even be able to approach that like people have to get a wallet they have to be able to onboard funds to it. So you've got a VR on that problem. You've got like the wallet problem. You've got an education problem of like you have to understand what all these different protocols are.
are these bridges and swaps. So there are lots of things that go into it and then fundamentally does the end user want exposure to crypto. So even PR becomes an issue right now. I don't think especially in the US, you know, crypto does not have a very, very good, very good
a PR. So that becomes another thing that dissuades people from actually getting into it. So I think there are lots of things that you have to address and there are many people that are working on different aspects of it. So I can speak to a couple of things where like emerging markets crypto makes so much sense, especially where their currency
the national currency is hybrid inflationary. There are several companies that focus on a specific region, a specific country, and using crypto and stablecoins to help them fight against inflation. That's a very good example, a very good way of bringing web to people into Web 3. You can apply similar concepts
other things where like, you know, let's say someone is very into investing and like they already into stocks and bonds and they want to diversify that. That's potentially another way of doing it. I don't think it's as strong as the first way, but you basically need some cell, you need some problem statement to bring people in and it has to be a bottoms-up approach.
Yeah, definitely hear you on that. I think about some of these investment strategies that coming up and a lot of my friends, I'm a little bit younger right, but as I'm getting more to my personal career right, you're starting to think about these long-term strategies for investing in the traditional ways. Then you're also thinking, "Okay, how can I develop
diversify that a little bit more. I think that's a really good angle to get people to kind of think more about crypto because, you know, I think taking out the middleman there, of course, there's many other things out and a lot of us probably already know, but taking out the middleman gives you the ability to expand on that interest a little bit higher, right? And so less hands in the pot, right? You're going to give a#
on the other side. It's really nice to see that Quinger is able to be able to give that experience to new people in a pretty easy friendly way. I'm really interested in that Quim-based pay deal. Is that something that you guys can seamlessly integrate? If somebody has
They basically have a credit card and they're able to jump on there. How does that work? Yeah, so that's actually straight up in the queue for that for almost two months. So we're pretty excited actually finally get access to it. And you know, surprise, surprise, like their widgets a little bit broken. So we're talking to the court team to fix
But anyway, that stuff aside, essentially what we want with that page is make it really easy for someone to onboard funds into CoinGaroo. So like one way is obviously if you have tokens on any chain where support, kind of the major tokens like you will support stablecoins and like the native token of a variety of different chains. So that includes
could not moon be an A star by frost arbitrum and soon they casing. And the second thing, the second way is the Fiat unwrap. So lots of people generally onboard using centralized exchanges. So Binance comes up, Coinbase comes up, Kraken sometimes, not as much as the other
not such as these first two. So the reason for that simple, just low fees. You can basically get the yacht into crypto at far lower than at far better rate than you could otherwise. So Coinbase Pay lets you do that where it'll interface basically directly with your Coinbase account. So let's say you've got 100 USD in your Coinbase account.
basic account, you can basically use our widget to bridge that directly into your wallet and then you can add that to CoinGrew. And Brow will kind of simplify that going forward so that is literally one step, you know, CoinBase straight to your CoinGrew wallet. So that's one aspect and the second thing that we added is this is sort of a more standard
you out on ramp through banksa. So this was like one of the many on ramps like banksa, transac. All these exist where you can basically just pay you with card or connect your bank account to it. And that's accessible generally for most people. The only caveat there is that fees do tend to be higher.
So we'll generally take two people present and that's not our fee. That's the fee that those guys, those providers would take. But that is a way that like if you don't have a Coinbase account or a Binance account, let's say you're brand new to crypto, like you're probably finding that right. Use one of the spent, try $100, you get $98 out of it, and then try using Coinbase with that.
I feel like that's really going to be a great jumping point because I feel like most people's experience getting into crypto unless you're pretty technically savvy is you start on Coinbase, you play around with a little bit and then you start to dive deeper and deeper and deeper and deeper, right? So yeah, it sounds like that's a nice little jumping point to
be like, you got your money in Coinbase, then here let's let me give you these really easy options to be able to invest this little bit deeper instead of just holding in, staring at a chart, you know, every couple of hours sort of thing, right? Yeah. But great, you know, I think that we've learned a lot about CoinGurup. Curious, you know, kind of opened it up to you.
What's next on the horizon? I know you talked about ZK sync and that's incredible, but you know, is there anything else you wanted to bring up about what you guys are working on or what's what's in the works? Yeah, so I think I mean certainly like adding more protocols, adding more chain stuff is going to be one one thing that we do. Though I think after ZK sync we're going to
So, I don't think adding change to the sake of adding change has too much value. So then it will be a little bit more focused on what the user experience should be like. So currently, I know you had logged in after yesterday and you saw just a giant list of protocols that we now support, which obviously isn't what the ultimate UI should look like.
be a matter of how do you package it, how do you get the whole flow right so that it's as seamless as possible of like fiat to choosing your package of strategies to actually investing in it. So that's going to be a good next step. And we've got some ideas there so potentially something like let's say that your friend has created
a package of strategies, so something like, "Hey, I'm doing $10 in Quimmer staking in $5 in Al-Jim," and then let's say that you're lending on Aave on Arbitrum. So they come up with some package, for example, and then they can share that with you. And if you do that example also, then you both got both
of you get some sort of reward or some sort of rebate, basically incentivizing people to share what they're doing with others. And I think investing at least in the traditional world, and even it's very much in the crypto world, it's kind of a communal thing, right? Where like, you have these groups of people, we've kind of discussed that, oh, I think this is going to be a good idea. I'm bullish on this or I#
And I think this would be a cool way of bringing that together. And so so that you can focus more on like, you know, figuring out what your opinions are and not on execution of like, oh, I have to go to this chain and do this and that. Yeah, definitely. I hear you because sometimes that is kind of the limiting factor, right? Like, you know, I think specifically this
group that I have and we talk about different strategies and it's like, "Yeah, but you know, you gotta go through this and it takes this long and so forth and it's almost not worth the strain of it." And so I definitely encourage you to step down. We want to boil that down to a social media share almost, where you click a link, you see it immediately and just click a button and you're done.
you're done with that whole stuff. Yeah, that'd be awesome. And I think about like GMX, right? Like a GMX trade, like they make that very shareable. But that trades like that are a little bit different, right? But it's an interesting idea to be able to make some of these strategies shareable in everybody kind of benefit from it too. That's
It's pretty awesome. Well, you know, thank you for coming by here and I wanted to open it up. You know, we got a couple of regular listeners there. If you guys have any questions for a corner, that'd be great. You know, I did see Master Sparky dropping nice little meme down there. I had the same look at it there. It was like, excuse me, what? You can go straight from Coinbase,
and get going. That's a really great feature. But if we don't have any other community questions, one thing I did want to ask you here, you've worked with a lot of parenting teams. You've integrated a lot of different protocols already. I'm curious how those interactions have been just in general. Do you find that the
ecosystem is really as collaborative as it seems. I am in some groups right and I talk to a bunch different people but developing and getting your hands dirty and really being able to interact with these protocols, I'm curious how the communication is and just general feeling of the ecosystem.
Yeah, it's
I'll give you a very honest through
like a opinion on it, it's challenging. I think working across chains, it's sort of analogous to working across teams in a traditional like Web 2 world where it's always difficult to bridge the gap. Like every team sort of wants to work within that team, they're not probably as aware of what's happening outside, that's certainly not top of mind.
I think that becomes a tricky thing, especially when, like, let's say you need to change maids by a certain team, like they've got their own list of priorities. So, I think working with that becomes challenging. That said, a lot of people are very amenable to adding stuff to their play or like helping you out. And, like, I think my experience with the quality, for example,
I went to them, I was a complete nobody. They had no idea who I was. There's some random guy on the other side of the world that happened to be trying to build a thought contract. They very much brought me in. I got to talk to Marvin and Hung and Stu and all these people that are very much in the core team.
follow and the fact that they would just kind of talk to the independent developer and support this random guy and give them a grant, that's unheard of I think. So it's certainly very very positive things but that challenge is always there and that's the way I think it's like if you talk to ballative teams for example but probably relay very similar stuff to you where like their constant
they're constantly struggling to keep up with all these changes, all these changes that are happening on different chains and trying to work with all these different chains which helps certainly as you build relationships with them and at this point like a building long enough that and hooked up small enough honestly that I kind of know all the key players and I've talked to a lot of them but it's always a challenge.
Yeah, for sure. You know, the thought about the wallet team. That's something I've ever really thought about per se, but whenever you said it, it's like, yeah, I can imagine, you know, that's what makes you know, some of these like Nova wallet, for example.
Talisman is great, sub-bought is great as well. They all ship features very quickly and whenever you see these updates it's like holy smokes, they're already up with this and there's multiple, multiple chains and multiple different people.
and act, you know, and you have to coordinate with. I'm curious, have you thought about ways that this could be a little bit more efficient or better? Do you see any initiatives that have been helpful in that respect?
I think some sort of--
Some sort of higher body, some sort of like there are these teens that
are focused on bringing multiple chain teams together. So I think certainly there's some people at parity that are helping coordinate things. But right now it's very much bottoms up. Like you for example, right? Like you are very familiar with a lot of the key players in the Holy
I'm sure you've talked to a lot of them at this point like I think just by having been building in this space for so long like I know I know a lot of them too but for someone that's like anyone that's new that's not the case for anyone that's like unknown like and like wants to interface amongst a bunch of different teams not so much so there is a lot of this
this like tribal knowledge and just like time that you have to spend in the system to be able to work across teams, which shouldn't be the case. I think that does display new people from joining and building what needs to be built. So I think if there's some some way that that
be facilitated and I don't know, I don't know what the best organization is to do that. Like I don't think parody really wants to wants to be that entity. But like essentially some way of like some sort of glue that really lets communication happen and prioritizes that communication for people.
Yeah, I hear you on that man. I do see that you know parody does have some stuff in the works on that but it's like, you know, parody can do everything and I don't think they shouldn't either but it's difficult to have teams where like, you know, someone's starting to build something and it's like, oh wait
but this is also being built over here, but they haven't talked to each other, but it's somewhat similar, but there are a couple of different, you know what I mean? I see that pretty often, and it's not uncommon, I assume, in tech in general, right? But in the ecosystem like this, I feel like that is something that could
I think that this is an application that's really going to be able to give users an extremely easy experience and investing in their future. Thank you very much and I wondered if you wanted to leave the rest of us with any of the thoughts.
Yeah, thanks, he sent for hosting this. I'm pretty, you do a great job, I think I actually customize all the questions for whoever's coming in and definitely doing your research. You checked out the app, I saw that and you checked out the app.
That really is great. In terms of final thoughts, certainly like it, I think Quengru, again, in one line, were enabling self-custody investing across chains in 60 seconds. If you yourself are in deep
If you're not doing that, it's a free way of just sitting on your bag and like, hobbling. It's a good way of earning the old. So if you're at all interested, just go to our website, it's coingeroo.com.
and our app is also live. So app.quingeru.com and give it a go. And I'm always responsive on this word and telegram pretty much any way that you can communicate with me, I will respond. So yeah, look forward to getting people to take a look.
Awesome thanks thanks Catherine by thanks everybody for listening you know for for you guys that are here right now go ahead You know drop a comment something you enjoyed like retweet you guys know you know you know the deal So we will see you guys next week and
and it'll be a day at 10, I think it's 10 central time, central European time. Anyway, we'll get a nice little announcement off for you guys when we'll let you know who's coming up next. Thank you for stopping by again and you all have a great rest of the night.
All right, thanks, you're safe. We'll see you. See you, man.