Secret Spaces feat. @FinaCash & @yoiu_io with a major announcement!

Recorded: June 13, 2023 Duration: 0:47:39

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How's it going everybody? Welcome to Secret Spaces, a weekly Twitter space featuring core secret network contributors and news from around the ecosystem. This week we have Fina Wallet and you're you. Fina is one of the
First mobile wallets for secret network. It's been out for a little while. They were actually the very first wallet to support secret applications on mobile. So it allows you to actually make use of secret applications on a mobile device, which was huge.
Very cool project and your you is a pretty new application just launched on mainnet recently. They are an IDO platform and Got some news to announce related to both of these projects
So let's go ahead and get them introduced. Fina, you want to go first? Yeah, Patrick, thank you very much for having us here today. And then my name is Jay. And then one of the co-founders of Fina. And then Fina is actually a project
that aims to provide an amazing crypto-spanning experience for every crypto-ownness in the FIA society. And then, currently, and then, when we want to spend
crypto in the real world and then we still have to undergo different hurdles and then also what we want to build will be something that allow people to do that super easily and then also again and thank you very much for having us here
Thanks, Jay. And you're here. Do you want to introduce yourself? Yes. Thank you, Patrick, for having us here. Yeah. Nick, I'm the co-founder of YoU. We are an ideal platform, which is listing startups in early stages.
And our main purpose is to connect users and start up and help create communities for start-ups and give everyone a chance to access the ideas of very early stage start-ups.
Awesome, thanks guys. Well, let's just jump into it. Let's go into detail about both projects before we get to the announcement that relates to both of them. So starting with Fina, you want to tell us a little bit about your project history and how you came to Secret Network?
Definitely and we actually joined our frequent network. I think around a year ago and then we're fortunate enough to receive the grant and then become one of the first field projects joining the ecosystem and then we started as a
wallet developer for the ecosystem. And then because looking back and then our market has been lacking would be a very mobile franny version of wallet that allow people to use tokens, expectually sequit token. And so we started as a, you know, our wallet developer. And then
And thankfully, we are one of the most popular wallet in the ecosystem currently. And then we have around 10,000 users and then using our Venus Equate wallet. And what we want to build further.
would be actually developing a p-pay card and then that could allow people to top up the card and with their sequitokin and potentially other tokens and very easily and then converting the token into a
free out money and then after crediting the court and then they will eventually spend our free out society very easily they can buy you know step-by-step you know movie ticket and everywhere when we see you know payment gateway which have been existing in the society such
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Yeah, so not just the wallet, but they also have a Web 3 prepaid card. And I believe that's like a beta phase right now. Is that some kind of testing phase? Yes, it is. And then we're fortunate to quite around 200.
at Beta user in this phase and we are now in a closed loop stage and then testing a different mechanism and the thing has happened working very well and then lots of people are very actively using our services and in that give us a very good opportunity.
to deal market validation and also enhancing the whole experience and then it's a very vital and to get ourselves ready and then when the program really become alive early next year.
Gotcha. And I believe it's not just Fina that this prepaid card will be able to connect to but also Metamask, Phantom, Kepler, a lot of the major wallets.
people will be able to just use cryptocurrency that they have in those wallets, pop it up into their FINA Pre-Paid debit card and use that card to pay for goods and services. That's pretty much how it works.
Yes, that's it. And then for now, we are really focusing on doing that for the secret uses. And then by the end of the future, we do want to connect our different wallets to expand our potential
use a base to, you know, border our ecosystem and then for instant metamass, phantom, etc. And then we also want to support multi-chain operation and allowing people, you know, to really
our utilize our value, you know, topping up the crop with different token, Ethereum, you know, our launch etc. And then, but we do believe secret would be a very amazing beginning for us to start the project.
Very cool, very cool. All right, that's a pretty good overview of Fina. I think anything else you'd want to add to it, do you think is important before we move on to you?
Yeah, a little bit about what's going to happen and indeed we will be doing our public self-fairism, you know, our starting on the 17th this month and then so hopefully in this program we can talk a little more about that later.
Yep, definitely. That will be the announcement of all of both. So let's move on to an introduction of the EU platform. Let's just talk about pretty similar questions. How did your project start and how did you come to Secret Network?
Yes, so initially we were building on Terra and after the Terra collapse we were scanning ecosystems to see okay where should we move to where should we go and we wanted to stay on the Cosmos SDK so yeah after a while we
So secret and the teams on there and we really liked what they're doing and the whole aspect of secret blockchain. And then we saw that they're providing this program, the grant program and we thought, okay, let's apply.
And then secret labs reached out to us and like the idea and then we had some interviews some Yeah, blind stages and after that we were granted with some secret tokens to start building and creating this idea
your platform on C-Trid network. And now I think some or eight months later we are ready our MVP is done and now we are starting with the first idealist thing with FINA. And what's interesting about Yo-Yo is that from
the beginning on we decided to build this platform for the user so we wanted to make everything super easy for the user. Currently it only needs a few clicks like five or six clicks to participate in an IDO and we provide two ways for user
to participate in IDOs. One is through Staking Secret tokens in the app. So if you're staking secret tokens, you receive a tier and each tier has different allocation sizes. So we have five tiers. The default is tier
tier 5 so everyone who connects with the app is automatically tier 5 and he can I think allocate $5 so everyone is already tier 5 and if you stake secret tokens you can upgrade to tier 4, tier 3 and each tier has a higher
allocation size. So then the second method to participate in ideal listings is owning a YoUNFT. So how can you do that? We call it proof of passion. So if you're a very passionate user, you can grind your
way up into the tier. So what you can do is currently we have quests on CLE. You can head over to our Twitter profile and there you will see the CLE URL. On CLE you can join our
community you can do quests and then if you are putting in the work and are a very passionate user then you will receive tier 4 and later tier 3 so you can level up and these NFT tiers basically work like the staking tiers so there's no
difference. The only thing which you have to do is claim your NFT once you are on the level which you need to claim the NFT and then you can just join the ideals by having the NFT in your wallet.
Yeah, that's about it, how you can join IDOs. And yeah, now we are basically connecting with a lot of startups and seeing, hey, what's interesting currently on the market, who can we list? So if you're a startup and you
have a website and the track record or also pretty early stage startups can also come to app.yoyo.io and scroll all the way down and there you can apply and yeah then we will reach out to you and maybe we can list you one day.
So yeah, that's a quick introduction about you.
So it sounds like a pretty unique way of doing an idea of platform allowing those two different paths to getting access. I guess the idea is you if you want to be a little more handsome.
off and you just have some secret laying around. You can stake it with the value validator that gets your access. And maybe if you don't have a ton of secret available to stake, an ultimate option is to complete those
quest on the platform, get the YOLU NFT. So that's just supporting YOLU in a different way, basically, and still getting access to the different tiers. And I guess the tiers give you the ability to
So it works like that. We don't have a YoU validator. What we have is it's decentralized more contract. So if you stick into the smart contract,
The smart contract will claim your secret rewards. So usually when you stake at the validator you will get your monthly rewards I think or you will just continue to get rewards
and the smart contract will claim them and take them so you will not receive your yield on that validator because you're on the smart contract. Got it. That makes sense.
So it was a 100% fee validator type thing where you stick with this contract and any yield that you would have earned goes to paying for that service. Okay, yeah, I've seen something like that before. I think Alter used a similar method for one of their communication platforms. Cool.
All right. And another question I had since you mentioned, if there are any startups looking for a platform like you or you that they might want to use for their token launch, I believe it doesn't have to be a secret native app necessarily. Is it pretty much any
IBC connected project and in-depth on any IBC connected chain that could potentially use you. Exactly. We can host all IBC ideas so we can list projects from every Cosmos chain.
Awesome, very cool. Yeah, that's powerful.
All right, so we've covered both of these projects, talked about what they do and we've mentioned that Fina's idea is coming up on June 17th, that's just four days away, and it's going to be on the OU platform.
That's the basic announcement. What are the specifics? So on June 17th, you go to the ULU website and it's just available right away.
So you can use it to take or anything connect your wallet and then you can browse our listings currently there's only one listing which is phenom and then you will click on the listing and then you will be forwarded to pheno URL
and there you can participate in the IDEO and once you're done you can click on listings which will take you back to the listings and we have like a dashboard where you can click and you can view the listings you participated in and then
Yeah, you have to wait until the ideal ends. And if the softcap is reached, then the ideal becomes effective and everyone receives their tokens and FINA receives the payment tokens. And yeah, then you can claim the tokens.
got it. So between now and the 17th users could go ahead and go on the FINA platform or the YOLU platform and
would it be a good idea to go ahead and start staking with the UU contracts so that they can be prepared?
When the idea starts, yes, so we will enable staking very soon so everyone can start staking. We just announced like 21 and days ago.
that users should on stake to re-stake at your youth. So we're waiting a few days so everyone is ready and then yeah through the staking you will receive your tier.
Or you already have a YoUNFT, I think there are around 700 users right now who have a YoUNFT and you are pretty much already ready to join the IDO. So yeah, that's the second method.
And Fina, anything you would like to add to that about the process or anything that you are going to announce about the idea? Basically, I think Nick has done a very good job in describing the idea and what we would like to emphasize would be actually
and it would be a very good opportunity for users to experience an ideal program in the SQL network. Not only first to your youth, but also to the SQL network at the leave. It's going to be a very good experience for
and then back to our project, we do believe our project would be a popular one and then because we do believe our spending with the crypto in the real world is actually a very strong demand and then our
Since we launched our beta program and then we see tremendous responses from people from the global and so we do believe it would be a bad kid and so right now it could be a good moment to go into the market by the token first.
Awesome. So, where do the future, let's talk about like future plans for FINA and Yoyo. What's next after this idea happens? I guess from Yoyo's perspective, we've already kind of discovered it. They're going to be looking for
other projects that want to launch their token. So any projects that are in should definitely need to get in contact with them and let them know. And we'll probably see some additional launches happen this year from other projects. What's next for Fina?
assuming it's the card launch. Yeah and then for now and then we are only selling the token and the token would be actually one of the requirements that uses have to fulfill when they are
apply for the car in the future. For now, we are negotiating with the visa payment gateway and then to make the car alive. And then so far, the process has been very smooth and with target to launch the car program in our
2020-24 quarter one and then quite likely that could happen in that time frame and then between now and then and then we would be having a lot of collaboration you know in terms of marketing with different projects and then our
And so, we will be having some giveaway events in the future and then probably in the second half of this year. And then after the token is completed and then we will immediately be
released on two of the facts in the ecosystem. One of them will be shape protocol and the other one will be blazer thing and they get all members of the secret network. So again and then it's a very friendly ecosystem so that's why we love secret lots.
very cool. I actually see the shade protocol just hopped into the space and that's something that I forgot to mention. So once Fina has completed their IDO, it's open will be available for trading. The first place that will be available for trading is on shade protocol. That's correct.
Yes, that's right, and we're very excited about that.
Awesome. Dave, if you guys want to get up on stage, just shoot me an invite and I'll bring you up here if you have anything you'd like to talk about in relation to that. So the phenate token itself, that's going to be used
as access to the different levels of the FINA card. You have to stake a certain amount of the FINA token in order to obtain one of the prepaid card levels.
Yes, that's right. And then we are now planning to have three types of carp and then blue, silver and black. And then in order to enjoy different types of sticking and also spending we walk.
and then our user can choose their sticking amongst and then basically the idea is very simple. The more you know, being a token of stake and the higher tier you can go to and then the we want is actually an offer of PLA.
and then other sticking we work can be up to 30% and then meanwhile user can also enjoy rebate for every page of this fan and then on the spending we work could be up to 10%
Awesome. Looks like we got shade on stage now. You guys want to say anything about that? Yeah, I don't want to take up too much time. First off, thank you for allowing us to come up here and chat just for a minute. Now I want to take up too much your time. I just want to express the excitement from the shade protocol team.
community about the advancements of Fina Cash wallet, the card and the abilities that this is going to unlock for both shade and silk utility. I'm not going to give too much alpha here because it's not my plan.
place to say, but I would say there's going to be, you know, the thing that we have kind of talked about as like one of the end goals for silk, you know, being able to spend it and use it in real world, this opportunity is going to be coming.
sooner than most people expect. So I'll just say that if you are a supportive shade, if you're a supporter of silk, definitely go follow Fina Cash, follow what they're doing, and get yourself ready for what's going to be coming up in the next few weeks.
Very cool, very cool.
Yeah, so it sounds like...
I don't want to like, I'm just guessing as to what you mean by that, but I'm guessing.
you could potentially take your DeFi rewards from Shade Protocol, put them directly onto your Fina card and go make use of those and purchase things in real life. Yep 100%. Exactly. I know Carter
has used the example of like we won't stop until we can and this is not to say we're going to be stopping anytime soon but you know we won't know that we have made our next major milestone in like the impact we're trying to make globally until silk can be used to
spend in real world. And so I think this opportunity is going to be coming. And the near term and I myself as a user and the rest of our current user base and upcoming user base is going to be utilizing the hell out of
of this tooling set that FINA is providing. So this is just me here saying, like, absolutely love what the FINA team has been doing and incredibly excited to see what our collaborations are going to unlock in the future.
Well, thanks for dropping into shade.
Alright, well, we are at the halfway point. If there is any questions from the audience, feel free to go ahead and stick your hand up and we'll bring you up on stage. We have questions for you, or Fina, or
or maybe even shade protocol, figuring to stick around, go for a stick your hand up. In the meantime, maybe there's a little bit more we can say about your use. Anything else you'd like to say next?
Sure, yeah. So we are very hyped about this listing and we saw a lot of traction on our platform in the last few weeks. So we are definitely super hyped and yeah, we know that the market is sometimes hard but we believe
that there are many cycles and yeah we will see how this will turn out but we are very glad that we can do this first listing with Fina and we really liked what they're doing and are also big support of them.
Yep, yep. Market conditions can be tough, but you know, there's still projects out there building. They're still going to be launching plenty more to come within the Cosmos ecosystem. So definitely looking forward to seeing some launches on the OU platform. That will be very cool.
I know there's at least a couple of projects launching probably later this year on secret that could potentially make use of it.
We'll see if we can connect them to you guys and set something up.
for sure 100%
How about from the wallet side?
Completed all of those milestones, everything that you were trying to complete with the wallet itself.
Regarding our wallet actually and then it covers most of the basic function and That you know typical wallet user need and then and what made our wallet Is angel would be actually
it would be a very mobile user-friendly approach for users to talk of the FINA car in the future when our car is alive. And then now we do support in a capital wallet. If users use that, that's top. They want to talk of FINA car in
they can use caper. But when users want to enjoy a very mobile friendly environment, you know, with their phone and then they'll top of the car and they better use a Vina wallet. And then it's just one of the most valuable, you know, element for
wallet in the future and then we also want to bring in some more multi-chain element you know in the wallet allow users to do more on-off RAM integration and then also it is something that we we will be quite excited about
And of course, now our focus will be still the CART program. And then but wallet is actually something that we see as one of our core asset. And then we are very keen to, you know, I think more amazing element of future.
Yeah, that reminded me one thing, one quick note about the Fienimable Wallet. I know that the Secret Tunnel application, which is the Axelor Powered Bridge from EVM Chains to Secret, that has been
desktop only for a while, but I believe it just maybe this past week went live on mobile with FINA support. Is that right? FINA? Is that available in the app now? Can you browse it through the FINA mobile browser?
Good dad browser.
It may still be an attesting phase. That's actually in our real Mac and we'll keep everyone updated very soon. OK, cool. Yeah, I heard something about it. Sorry. That's a killing is enough out there. But yeah, all right. Something to look forward to.
The card itself, another question I had, I think there's physical versions and there's virtual versions of the card, right? You could use digitally with your phone. That's right. And then we do believe with our smartphone and then all the cards can be integrated.
into either Apple Pay or Google Pay and then is getting like a train, people use their mobile phone to make all this payment. But we still believe certain amounts of users do prefer having a physical car. So we are actually very open to this and then
So for the program launch and then we are defaulted to have the physical car and then but again we do believe some of the people and then we actually skipped the physical car and then they will use the digital car straight ahead.
Awesome, yeah, it's good to have with options. So that's pretty amazing.
Imagine this, you have your phenol wallet, you have your Cosmos DeFi applications, which you can use through there, and then you have your phenol virtual card stored on your phone, maybe connected to something like Apple Pay or Google Pay. So you could essentially
go to a Cosmos DeFi application like Shade Protocol, maybe claim some LP rewards or some staking rewards or something like that, immediately top that up onto your FINA card and then
Turn around, scan your phone on something like a terminal at your local store and pay for a product with your DeFi rewards. You can do all of that from your phone.
That's pretty awesome. That's some real world use cases right there.
Yeah, and I would just like to add that something that shade has been working on.
Very steadfastly is providing that additional mobile sport. We've realized that a majority of the untapped user base that we're looking to bring to not only private DeFi, but just the general opportunities that Shade is providing.
Unlocking that mobile support is going to be instrumental in providing that utility. And so I'll just say that one having that mobile app support is going to be or that mobile support is going to be incredible in the synergies that we're going to unlock with
Fina and other wallet providers are going to be really tremendous to be honest, but also we're working on, as far as I know, creating the first generalized wallet connection framework, so basically
users with any wallet that they would like to have right now, pretty pro non-capular wallets. So seeing FINA come into the spotlight, seeing other secret network first and other cosmos first wallets
kind of coming to the spotlights really great to see and we're looking to be able to provide that compatibility with all of these different wallets in the near future. So just something to look forward to for both supporters of shade and phenon, star shell and any of these other wallets that are non-capular so to speak.
very exciting. Yeah, I'm going to find that announcement. I think Shade's put out a mobile announcement on Twitter not too long ago. I'll pin that in the space so people can learn more.
Yeah, I think when we put that out we had two or three of the different mobile views getting finalized out of like eight that we're working on. I think we're done with five of
them now so making steady progress so really excited to get these mockups out of the community so they can see what the what the experiences are going to look like but even more excited about actually shipping this compatibility.
Well, I'll do one more.
requests for questions from the audience. If anybody has questions for you or you, if you know or shade, feel free to
your hand up. I think my Twitter app might be lagging so if you are putting your hand up right now I apologize I'm not seeing it.
Let me see if I can fix this.
but in the meantime, anything else you guys would like to talk about your UF3 number before we wrap things up?
So we want to make a little special announcement. So if there's anyone here in this group who has not checked out your you before or is very interested in having your UNFT, we will give away five
your UNFTs. So you just have to screenshot this AMA and share it on Twitter and link your Usecret
And Fina, just tag us and then after a few days we will reach out to you.
Very cool.
All right, so you want to yo-u-nfc, which gives you access to different IDO tiers. Green shot, this Twitter space, and we did it and tag yo-u in it.
and you'll be internet to that contest.
Yeah, please also tag secret ends winner.
and secret and fina. Sure.
And shade two if you want to. Yeah.
Now, Fina and Jojur are the stars here. Make sure to go show those guys some love. Two incredible teams that deserve some tremendous support.
For sure. So let's go into the how to follow these projects. If people want to learn more, they want to stay up to date and what you guys are doing. Obviously, follow Fina and you on Twitter. What else should people do? You got some discord communities, there's some telegram group chats, people can join.
for Fina and then we do have this channel and then so people can come finance and then of course if they want to know more about you know our latest development and then Twitter will be the place to go and then do we remember and then upcoming and then we may have some
and keep away our fans in the second half of this year. So really try to follow us and then of course, if you guys are following our close friend like Sequel and Shae, Yoyue and then you guys will keep listening to us about us definitely.
Awesome, and of course if you're interested in Fina, definitely install their wallet and check it out.
Give it a spin, see what you think. Check out their mobile app browser. You can try to use some secret apps on a mobile. It's very cool.
How much do you owe you? What should people do if you want to keep the rush? Thank you.
So to get more information about you, the easiest thing you can do is join our proof of passion program. So you head over to our Twitter, follow us there and in our bio you see cili.io, there you can join the proof
of Fashion Program and also our Discord and then you will always be up to date. We also have a newsletter. You can head over to app.yoyo.io and submit your email and then you will also receive a newsletter
All right, well thanks guys. I think we'll probably go ahead and wrap things up here if there's no questions. Make sure you remember June 17th is the launch date for Fienaideo on Yoyo.
follow both projects on Twitter. They up to date on what they're doing.
And we'll see you everybody here next week for another secret space is Tuesday at 4pm UTC. I believe we're actually going to have shade on there. So maybe we'll give a little teaser for that shade. You guys got anything you want to say about that? Yeah, I'll just quickly say that these
Next, let's see, two weeks are going to be full of a lot of announcements. I'll go ahead and give a little bit of alpha here. This week we're going to be launching expansion of our collateral vaults for silk. So we're going to see rap-death.
being supported as collateral to mint silk, which is going to be a really important milestone for increasing silk adoption and collateral stability. We're also going to be launching some new pools for any of the partner incentives that we're going to be
that are currently offered on shade swap. So now users won't have to migrate these assets to other chains if they wanted to swap them or utilize them. They can be utilized right there in app. And then on the 27th we are going to be launching staking in the air drop.
So when we hop on the secret network, Twitter space is next week, we're going to be really diving into the impact of staking in the air drop and everything that kind of surrounds that. So a lot of big stuff to kick off of the meta engine with a launch of shade staking.
We're going to be seeing an explosion of utility for current supported assets and upcoming supported assets primarily focused on Ethereum assets. So a lot of really interesting stuff happening. So I hope you all join us next week for that discussion.
Awesome. Thanks guys. Yeah, super exciting stuff. And one last note, just from Seeker Networks, and I had a little bit of Alpha from the Network itself. Later this week, we will be launching a bug bounty challenge for
be recently released product secret VRF. So if you're a developer, if you have any smart contract or osm wasm development experience at all and you're a student, potentially finding a bug.
learning some secret. Even I out for the announcement on the secret network Twitter that should be coming out the next couple of days. It's going to be a secret VRF bug bounty challenge. It's going to be pretty cool. So stay tuned for that.
Thanks everybody for coming this weekend. We'll see you next week on Secret Spaces. Have a good one.