Secret Spaces ft. the @StakeEasy team’s #IBC liquid staking protocol!

Recorded: Aug. 30, 2022 Duration: 0:54:28

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Hello everybody. We're back for Secret Space's August 30th edition. Sit tight. We're going to get our guest steak easy up here on stage today.
We're going to go over some updates about their liquid staking protocol and with any luck we'll also get to go into other updates from around the secret ecosystem. Give time for people to ask their questions, but first we got to tweet this out. Get the announcements out. Give us a hot second and please do us a favor.
Send this link around to your communities. Let's pack the room for the steak easy team. They're going to leak some cool stuff today. I'm sure because we always do share good secrets on secret spaces. Sit tight for a second. Let's get everybody up on stage and we'll kick off in just a moment.
All right, again, just give us one hot minute here, Patrick. Can you help me out by pinning our usual tweet?
Are we pulling up the stake easy account or do we have somebody else coming up here? Sorry, my app is glitching, but yeah, it looks like stake easy team is in here trying to add that
them are just not giving me the option. All right, I will attempt to do it. I believe I did tweet. I did post the tweet and I think it's plan. Let me see. Yep, it is pen. I see it.
So I'm inviting this take easy account as a speaker here. Perfect.
So it looks like Patrick is getting our announcements out around the secret ecosystem. We're going to pack the room for the stake easy team who are very happy to have here today. We'll kick off in like 30 seconds.
just give us a quick second.
Again, please share this with all your friends in the IBC ecosystem. This is definitely going to be something relevant to their interests, whether they're currently staking secret or otherwise. So let's.
see if we can't get a few more people in here before we kick off, we usually get people streaming in as we go, but it's nearly time to kick off yet another edition of Secret Space is give us just half a minute more.
All right, let's kick off. I think we've got everybody here. We got a quorum. So this is Secret Spaces, August 30th edition. This is Tor hosting from the Secret Network account. We also have Patrick here from Secret Foundation. And today we're hosting the stake easy team presenting on their liquid-staking protocol.
So this is exciting. We're going to start the way that we always do with a quick guest intro. We're going to hear about them personally and then we're going to get straight into everything. Stayke easy what it is, what they're solving, what can you do to get involved. And we'll also in a moment drop those secret badge details.
We've done it. Keep collecting them all. We're thinking of ways to reward people for being frequent spaces supporters. So thank you again for tuning in every week. We really appreciate it. Obviously so to the teams. So with all that said, I'll turn it over to the stake easy account. Can you please introduce yourself? You can keep
short and sweet and then we're going to get straight into what stake easy actually is. >> Hi. Can you guys see me fine? >> Yes. Go ahead. >> Okay. So I am with it from the team stake easy. I am with the core devs behind stake easy and all
So I've been part of Secret Network for a few years now. I think I started working on polar last year and September. So yeah, so first we built out polar around from September till December. In December we started work on stake easy.
lost it on mainnet in March and recently also lost it on June of Maynet last week. So yeah, I guess that should summarize the introduction. Awesome. Well, let's go ahead and kick off. So just
Just before we answer everything about stake easy. Yes, it's time to drop the claim code your claim code today for the secret badge. If you guys go ahead and click through your claim code is liquid in honor of liquid staking liquid all one word capital letters. That'll let you claim today.
secret badge proving you were here to support the stake easy team. So we'll go over that again later on just for people who are joining late but that's for later for now let's start with what stake easy is. So tell us in your own words what is stake easy what problem are you guys trying to solve?
So, stake easy is essentially just liquid seeking solution for now. Liquid seeking is like let's take an example like you have a proof of stake chain, every postmustion is a proof of stake. So in a proof of stake chain like people delegate to well-dates, when they delegate, their tokens get logged up for a certain period of time.
And it's out of design to prevent any sort of like a majority attacks that might happen that anyone can to not allow anyone to buy up the majority of the native tokens and take control of the network itself. So liquid singing comes in and says that okay, we can kind of like halfway rewind the
thing so that at least we can have instant unbonding from some people who want to unbond their token in case of an emergency saying that they can't wait for 10 to 10 days and maybe like someone else can take their bonded token and exchange for an unbonded token. So you're still giving that kind of security there but also allowing those kind of people to also have that option.
So, Stakeys, it does that for Secret Network and recently also for G1 Network. And we have also, so most of like the design itself is inspired from the existing liquidating solution that are present in Ethereum, we're also present in other course on the ecosystem like, like I think Tara
to have a couple of requesting solutions. So the core idea is quite the same, just as in case of a Dex, like essentially all of the Dexies are same. But if you go into details, you will see that okay, most of Dexies are a lot different if you go into details. So similar is our case that essentially it's an requesting protocol, but it has
certain improvements over other liquid-sync protocols. And we also highly emphasizing on how we can utilize IBC to make the liquid-sync experience even better for the users. >> That's super exciting. Well, thank you for the overview. So let's talk a little bit about
stake easy specifically and how it works because we've been hearing a lot about liquid staking in the cosmos especially in this whole IBC universe. So I want to understand exactly how stake easy works itself and what makes it different from other solutions people might have heard about or might have even used themselves.
So how sticky is your work is that you have let's say some secret okay 100 secret token you can go to a capital and see a list of validators maybe you are new to the ecosystem you don't know what these validators are and who is running them and so you just choose from the top of the list because like
the list is sorted according to the amount state. So the first one has a highest most state in the whole network itself. So what happens is that most people who are coming from centralized exchanges and those who are not d5d gens per se, those people generally tend to choose the first two or three weldators and what that leads to is
start kind of a skewness in the delegation amount. So what happens is let's say it can happen over time that towards three weldators have more than 50% amount of stake. So there could be a case where like those weldators can collude and take over the network. So for decentralization you don't want that kind of thing to happen. So first problem was this.
for us to solve that, okay, how do we prevent this? So what we do is that, like, in a position to other requesting protocols, we have an open set of validators that is kind of cycled through every few months. So we have currently 10 validators in our set that are chosen like somehow from the top, somehow from the bottom.
some archers and basis of how are they contributing to the community. So we are kind of like being the middleware where like the end user doesn't need to know about like which are the best for it to choose. Doesn't even need to know about that okay this kind of risk is there if like towards you are ready to get more lefty percent. So user doesn't need to worry about these things and they
networks also prevented from these kind of attacks. And other than that, we also have a Dow in works which essentially allow our users to vote on which editor should be included in the set and which should be taken out of the set. So that will also make it even more
transparent. And we also have, so what you can do is that when you stake your secret, you get some passive income, informal stake rewards because you're helping secure the network itself. So this basically is a simple interest you get. If you want to compound it, let's say you want to compound it every day, you go
to a chapter about it every day, you make a transaction to claim your rewards, you make another transaction to stake those rewards back. So like in our case what we do is that since our like whole system is far contact based, we have like these drones working every day every 24 hours, which restakes all of the rewards
So the user doesn't have to do this transaction every day and the rewards also get over compounded. So the second feature you're getting is that you don't have to do this transaction. You're also getting rewards compounded. Third is that you get the liquid token, SECCRET, which the century is a representation of how much secret you have stayed.
So if you say you stay 100 secret you get some X amount of s ccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc#
SC secret token itself is also a representation of how much rewards you have secured so far. And you can take this SC secret out to maybe SC or CNS or and also use it in an liquidity. And another problem here comes is that when once people have secret tokens
they have a choice to either delegate to a validator or to provide liquidity or maybe use some of the different protocol, maybe like in a learning protocol, X, Y, and L. So you can do only one of these things. But if you had a little significant solution, you already have a secret which is the representation of your state. You already have state to your secret.
you can take your ssecrit and use it in D5. So another use case comes here is that you are also getting a D5 yield on top of your sseking yield which again is auto compounded. And one more like feature we are working on which is like has not been even explored by other
protocols is that once you take a secret you also get voting power to vote on-chain. Like recently there was one proposal where you increase the well later set from 50 to 70. So those kind of proposals you can participate only when you have state your secret.
But if you do it through a liquid-synch protocol, you can't directly do it if it's not inbuilt in the liquid-synch protocol itself. So in our case, the simplest way to do it is that basically allow any SEC-cut holder to work for the Oncyn and the protocol will work as a... this SEC-cut will work as a proxy for
your vote on the main chain itself. So it could happen is that like let's say 100,000 secret are stake total is stay easy. So those 100 secret words of what can be transferred from secrit holders to the chain itself. But the main issue here is
that anyone can vote and let's say like I want to vote on a proposal but I don't want to hold any huge amount of secret. So kind of like a flash loan what you can do is that you can just purchase a secret from open market, vote and just sell it immediately. So what we are doing is that we are
So let's say we have a time lock for instance of two weeks. So anyone who has purchase an AC secret or minted an AC secret needs to be holding that AC secret for at least 14 days to be eligible to vote. And I think this also applies to the system.
to the normal staking where like if you stake your secret you don't immediately get the ability to vote. I think it's still 21 days. After 21 days you have the ability to vote. So that's also one thing you're working on and that's distinctive from other liquid bit, but we have seen so far.
That's a very thorough response. I hope everybody absorbed all of that. We will be recording all these as well so people can go back and listen either here on Twitter or we'll get these up on the secret YouTube so people can re-listen but really in depth. So really great to go into those features and what's differentiating, stayke-easy. Maybe we should
ask about then DeFi because one of the main reasons people are interested in liquid staking is so that they can get more utility in more ways for the assets that they're already holding on blockchains. So what's already live or what is coming live soon that's making use
of stake easy liquid staking tokens. Yes, so T5 comes in that you say that okay you have a Ciccad token, how do you create the D5 utilities for the token? You essentially see that what are the current major use cases of the under
line and stick token secret and you see that okay how can we reflect that in the sc secret token itself so that the end user doesn't have much of the difference among choosing a monster tool. So basically you have the added advantage of added yield and also increased sticked asset amount in the network itself but you are
not like losing out on the user experience. So that is one thing we are focused highly on in the DeFi section itself. Currently we have liquidity pools, life for SECCRETE and secret on CNSWAP and SecretsWAP. It's incentivized on CNSWAP right now.
we also have a defa utility where users can deposit their csecret and also use it as a collector on CNL. So these utilities are currently live. We are also working on also once because also 1.0 is 1.13 September we will also see how we can
take the secrete out of the secrete network and maybe to Juno or maybe to responses and use their defile opportunities so that anyone who holds any secrete can also maybe provide security on responses if they like to use those responses or maybe on Juno swap or they're also upcoming other different opportunities once you have that
IBC support for separate tokens. And what we have done is, so let's say the SSHK token is there. How do users know that what kind of opportunities are there for SSHK? So there must be a like aggregated page, one single page with list outs.
all the different opportunities. So first thing we did that we listed out in one page on our app itself. So it's just one application where like you can and you say that okay I am taking some secret. Now I want to use it in Differ. You don't have to leave the app itself. Just go to the Differ page. You are shown with the a list of all the different
opportunities and you can choose between them because like first you can see that what's the yield on these which platforms are they're using under like platform and also what's the current TVL what's the reward amount right now and other than that we've also gone a little further is that you also want to have to go
to that platform to integrate to interact with that different opportunities. So what happens is that most of the time, let's say we can have a list saying that we have a liquidity poll on CNOS app and how do you deposit? You click on this link which will open the CNOS app itself and there you use it. So if you're familiar with how CNOS
up interface looks like and how it works. But if you are not like we can't help it much. But in our case what you have done is that we have accepted out we have understood that how providing liquidity works for CNSWP, how providing liquidity works for SecretsWP and essentially connected their contracts to our interface. So it's just one
on the D-FIP edge where you choose the thing you want to do, may provide liquidity, may be do a swap, or may be borrow or lend out your SEC grid. And you can directly do the transaction in that one single interface itself. And one more advantage of this is that it simplifies the UX
quite a lot. You don't have to understand all the default protocols like how they're UI/UXs. We understand that we need to have one single UX for all of these swaps and that should be as simple as it can be. And also we can take the advantage here saying that these are all the default utilities for this stick desert.
So we can also further simplify it according to this use case. And similarly we have done for Juno also we have done that for loop decks and Juno swap. And next step is to also integrate the OSMOSES ecosystem.
Damn, all right. Well, I hope everybody's catching that This is a lot of stuff. So let's then talk about what's right in the title here talking about IBC What then yeah, how do you see in the near future in the distant future you guys?
you're making use of the full set of IBC functionalities. I mean, that, that to me is the most exciting thing here, like what you can be unlocking for the whole ecosystem. And if you're comfortable, like,
maybe even outside of IBC thinking about bridges to even other ecosystems. What is your ambition here and how is being in the interchain universe kind of helping you achieve it?
Yeah, definitely. So one thing I love about IBC is that it's a programmable bridge. It's not just a bridge to send token to and from one chain to another. You can essentially call an arbitrary message from one chain to another. And with interchain accounts coming, you can essentially have a user experience where you say that, OK,
So for example, like what we are doing, if you generalize it, I'm sorry. So if you generalize it, you'll see that okay, essentially, uh, staking and integrating with DeFi, essentially, they all come in one umbrella, which is generating yield through your crypto. So,
So, IBC will let us allow these kind of fields for not just for Secret, not just for Juno, but essentially all of the native tokens that are generating any kind of field in cost for itself. So, what IBC does, what we can do with IBC is saying that, okay, you have seen the growth in Ethereum.
So first came this D5 protocol units were updexed then came the available ending protocol and these are the D5 utilities and then then came year and budget which simplified your passive income yield farming which is that okay there are a bunch of steps that are common in doing kind of
of field farm, you have maybe some incentivized pool, you have again you can do auto compounding and stuff like that. We as a platform as a year or not, bad as a platform can simplify that because two smart contracts on one chain Ethereum can interact with each other pretty simply
like it's it works because it's the functionality is there in the underlying chain itself. So with IBC what you can do that you can you can even do that cross-chain. So essentially one contract on maybe secret can interact with another contract on Juneau in the same way these
these two contracts were to if they were on the same chain itself. So that essentially could be like, okay, you have a bunch of DFI utilities across the cost for ecosystem. How can you combine all of that in one place? And how can you like combine that even in like one deposit saying that, okay, I have some SSEC
And I see that if I provide SEC security to any of these swap on secret, I can get even better yield if I provide some SEC credit to maybe a Dexon Jouleau or maybe a Dexon other new change because maybe they are they have come up with a new protocol which they are incentivizing heavily. So, but I have
stick secret so i can't take it out of secret but you have if you have this kind of like ibc ux where like it doesn't matter on which chain it is just that if it's on a cosmos chain it's doable so that's what we're doing is that making sure that user can choose that
But for my staked asset, I'm thinking this defy utility is the best one and I'm going to choose this one. So user will have that kind of freedom with us. And in the long run, essentially, it will become one platform where like you have your bunch of native tokens, your cost must asset. And you say, okay, for my cost
the best you can give me with the minimum response. And that experience would be pretty similar to what you can see on centralized exchanges. Like on a few centralized exchanges, what they have done is that you can you have exchange for the script or tokens and then once
you hold the script or tokens what you do with it, they give you the options okay you hold this much of Ethereum you can maybe deposit with us and we'll give you 2% yield or not. But essentially what centralized exchanges are doing is that they're also depositing into maybe staking or maybe lending out to centralized institutions or like some sort of so this
very low transparency in that and also they're taking huge cuts from it. I've seen a few central six changes where I used to hold a few AKT, I think, a year ago that I was getting some passive income from a central six change and then I later came to know about OK, there's a thing
code is taking where you essentially get, so at that time, I could use to have like 55% APR and those guys used to give me like 35% APR and I was like, okay, I'm getting 35 interest in my APR, that's something really good, but I didn't know that okay, they are taking a huge cut from it. So once you have that kind of user experience,
essentially giving users with the same user experience for the passive income that they have as a retail user on sent as exchanges but with the greater transparency and security of smart contact and decentralization itself. So that's our end goal with IBC and all of combining all of the leads in one place.
Amazing vision. I really appreciate it. We're about halfway through here. Let me take a quick moment to just restate the secret badge, claim details. If you click the pinned tweet here in secret spaces, it'll take you through to the page where you can claim your secret badge. Go show off that you support
the stake easy team here by attending today if you want to show it off. Otherwise, you can always keep it private. There's also a little bit of private metadata in this badge, only visible to you as the owner of the badge once you get it. It's free to mint, free to claim, but you need the claim code. So today the claim code is
liquid, one word, all capital letters, liquid, and you can claim your seat badge. Back to the main content then, let's talk a little bit about some upcoming changes that are being made. We have the Shockwave Delta upgrade coming
for a super network. That's going to be happening in September and it's super exciting. It's introducing Cosmolism 1.0, a lot of interoperability improvements for a lot of things. How is that going to impact you guys? How are you thinking about it? And what does that mean for all of this cross-chain integration that you were just talking about?
So first first call cross-strand integration we are going to do is between 0 and secret because those are two protocols two chains work on live on and third will come the os process. So we have already so like with this cos 1.0 object coming to secret will essentially first allow us to
to send our SEC credit to Osmosis and to Junoswap and then you can essentially have. So we have SEC credit on secret. We can take this to and put them in Osmosis, a pool, SEC credit and SEC Junos, which essentially is saying that okay, if you were
So now you are also getting eared from both of your stake
osmosis rewards and fees from the LP position. And given that this huge volume osmosis it will also earn you more LP fees in the long run itself. And what we are doing before that also is we have already I think we deployed a relay
yesterday which was relayed between Juneau and Secret which is basically the first relay to allow CW20 token sent from Juneau to Secret. So, you tested, I think it was the CW20 token, the test CW20
talk and we named it as cash just to like test it out and it actually went through so I was in conversation with a few of the members in June and secret to see that okay what's the feasibility of this thing like we already know that we can't say we can't send CW20 out of secret to June but is it possible to send CW22 secret and
that way we can essentially have any kind of token that is in CW state 20 state right now to convert to CW 20 and other way around is also possible if the one way around is physical through IBC because the route back is sending the IBC asset back to the source chain so that is
definitely possible in the first things possible. So that thing we actually did yesterday. So this thing will use in our own governance token SCZ which is coming in a week from now or maybe like couple of weeks max. So this token will be the first token to exist as a CW20
and also the SNP 20 token. So basically from the start you will have on the day one you'll have it listed on you know so you'll have it listed on our spouses. You'll have it listed on CNS or you'll have it listed on secrets. And also since there's a really there won't be any like a price difference also people can immediately take this
120 SCZ to maybe juvenile for as a seed up front back and forth and also make sure that okay there's no price difference because you can do a bit larger that but that thing is currently possible only converting CW 20 to SNP 20 so currently we can do is that we have SC Juneau we can send it over to
secret and may provide defy utilities in the secret ecosystem itself for the state. Once the upgrade comes to secret mainnet, we can do the other way around also. Take the sec and make the defy utilities for the state secret on the Juneau ecosystem and on the osmosis ecosystem. So once these things are laid out, so we
these things are we have planned to we go like this month already like next one September by end of September all of these things by the end of September and then we'll also look into okay how can you make it even better than so that's the plan for deferral now awesome so it sounds like these are
interoperability improvements are a pretty big deal for you guys, which is awesome. Let me ask one quick question then. How does staking with stake easy impact things like governance? I know it kind of differs depending on the liquid staking solution. What does it mean with stake easy?
Yeah, so governance is said first we have the governance that is the only governance which you stake your secret you know how do you still retain your voting rights while being a good state so that that we have already kept as a like a contract that we can add later
to the mainsting contract itself. So that we are kind of proposing as itself a DAO. So you have this amazing DAO frameworks like secret DAO, you have on secret ecosystem, which you can use to just put extra money down, you don't need to write contracts on your own, but you get all of the functionalities that should
been a doubt already implemented. Similarly, you have doubt on that does the same thing for you know. So we want to make sure on our end also that we are not just providing users with the same voting experience that they had when they were just directly sticking with the ball later. We can maybe since we have the option to implement it.
since we are implementing it, why not you make it better? So first is obviously making sure that we are not removing that time log for allowing users to vote. So that thing is first to implement. Second is making sure that, okay, currently you can only vote through your wallet, you go to get the MPU.
what and you see certain data that how much people have voted so far. What's the core of them right now? What's the time remaining? So what's the time now? The proposal right now. We can even add it even further that okay, we can have certain kind of further data embedded into the proposal itself that we can show to the user in our
interface. So any user who comes say that, OK, I want to work with my csecret. It will open the list of current proposals and past proposals. You will see those proposals. You will see the details. You can also see the details that you already do on capitol that there's a common mental link or there's a forum link where it's being discussed right now. So you can check out those details.
But you can take it in step for the tube, maybe add other stuff. Maybe in future you can also add things like, okay, here's the Twitter conversation going for the same proposal. Here's the Discord conversation going for the same proposal in just one page and adding other features that we are thinking about and we
soon be announcing in a few weeks so that thing is also coming along. Great. Awesome. Well then I have one other question at least since you guys are clearly building a lot here with Stake EZ. Are there any other products that the dev team is working
on. What do you do with your free time? I guess. Not exactly the free time, but yeah, the one thing we are also working on, like the first thing we worked on on Secret Network is last year and September we started working on Paula. We also got the grant from Secret Labs to implement it. We had a
to implement all the features in three months. So we delivered that by the end of November. So what polar is essentially framework similar to hard at on Ethereum. So hard at is basically saying that okay you can develop smart contracts but here's a tooling which we can which can rate
simplify your whole process saying that okay you are a developer who wants to make for instance let's take the simplest example for end-all for good might know is that when you're let's say developing a React app you don't go and like create all the TS config and all the package adjacent from scratch yourself you're typing that out you don't do that you just type create new React app
it gives you a boilerplate. So those kind of things we are doing for the coshonson development for secret with polar. So what you can do is that you can just do a polar init, it will bootstrap all of the boilerplate called to you. We have a bunch of standardized templates which are somewhat inspired from already existing secret templates.
some from the CW plus templates saying that let's say you want to build a DAO, you want to build a swap. So you can you do need to start from scratch itself. You can take this bullet thread code that is mostly tested out and maybe production ready. You can say okay I want to initialize my project with this template.
And then you move things like compiling the contract and making sure that how do you debunk the contract? We are also simplifying that process and things like so currently if you are a cosmosent developer on secret most of the cosmosent developers for the do is that they use the cm
to deploy an interact with the contract. So one CLI command they'll do and it will deploy one contract. Another they'll do to initialize that contract. Another they'll do to initialize another contract. Another they'll do to execute a transaction. So these are a bunch of let's say deploy steps. So every full pledge
let's say our DAAP or a protocol will have more than a few contracts. So even in our case we had four contracts. Each of these contracts were to be deployed in initialize and also done a few transactions to store each other's contract in each of them. So it's a 15 to 20 CLI commands to be
done every time it is deployed. So every time you need to deploy it on a testnet or maybe on mainnet maybe upgrade it. So this can be written as a script. So you just have a deploy script you can move it ahead to someone else. This is another thing I don't know that. So basically it's a full-fledged tooling for
anyone who wants to simplify their process of smart content development. And we also, I think the polar channel is also live on secret discord. We have, we had a few comment members last few months who are already using it. And they also had a bunch of features at the requested and we also implemented those.
So that's another thing you're doing. Other than that, we're also actively looking into how relayers work, how well-readers work, how maybe we can also improve that maybe in future. So that's roughly other work we do apart from stake easier.
Amazing. Well, we've got about 20 minutes left, which is usually when we start inviting people to stick their hands up, they probably have some questions for you or questions about secret in general or maybe this upcoming upgrade. So if anybody's got
questions they want heard out on the secret space, please stick your hands up. We're going to start trying to bring people on stage because we're running out of our set agenda as planned. So start raising your hands before we get there. I'll throw it over. Is there anything else that I didn't ask you that you want to be able to touch on any other product update you want to give?
anything else that's been a priority for you that you want the secret community to know about now is your chance to say anything I forgot. So yeah I think one thing is I can cover upon is the upcoming SCZ token that we're realizing so we already had a few air drops for our test and user
for our early minute of the day. So we had already announced that we are giving a drop and this is how we can see. But now this month we will be giving them the air drop they will be able to claim it and also just in the first public listing of our token. So yeah, the announcement for that will be coming next week.
So anyone who's looking out for that, please keep an eye on our Twitter. And yeah, other than that, I think we could pretty much have the thing covered up. Amazing. All right. Well, a lot to look forward to then, obviously. We've got our first question up here on stage from
one. Go for it. Hello, good morning, afternoon to everyone. Guys, I would like to know when the integration on mobile capital or do you have any idea or maybe stash that on
Kepler, that's my question. I would say because I'm used to Kepler, you know? So that yeah, I'm used to Kepler, the features there. Sorry.
No, it's a good question. So we, you know, I've talked personally with the Kepler team for a very long time and Kepler is still my wallet of choice, especially on desktop for things, but they're also supporting, you know, many, many chains and it's not always a priority to support features from something like secret where we do things that know whether
chain does. So we're happy that there's also a large number of wallets that are launching very dedicated experiences for secret and currently end in the near future. So that includes wallets like FINA, which is already live on mobile iOS and Android. There's also leap wallet
adding integrations, their star shell wallet that's finishing up their MVP, there's cryptic as well. So at least four or five wallets that are actively adding support for Secret on mobile and on desktop so you can get these more complete experiences. I don't really know exactly what couplers roadmap looks like. I think very few people do. I think Josh does.
For example, if this is a priority and you want to see Kepler add more support, I would definitely get in touch with their team. We've certainly asked them to prioritize these things. But when they have this much ambition of chains that they want to support, you can kind of understand if their focuses are on things that they're like,
working on or change that they're personally involved in. But that's just an opportunity for us to create some really incredible experiences already. So if you haven't gotten, for example, FINA, FINA, we were announcing this in the Secret channels pretty recently. That mobile experience is actually great and they've integrated a number of DAPs on mobile already.
including stash so you can go and claim your badge for listening to this secret space directly through Fina on your phone right now it works I did it last week it's pretty cool so yeah all those experiences are getting there and I would love to see those same experiences come to Kepler absolutely because I love Kepler
Okay, okay, Matt, thank you about the information, give me calm to know
know that Fina is a wallet that you recommend and that's give me the trust to use it. I have heard a bit about Fina is sort of new.
but thanks because I'm gonna use it. I can import my capillary with the seed phrase "derber" right and my tokens
We'll show them there. Yep, you can import it. I don't know the extent to what they're already supporting secret tokens in it. I know you can definitely like mint badges, sign messages, things like that. I have to look into
more closely to see how much integration they've done beyond that, but definitely. And maybe Patrick, if you know, I don't know how much more you've played around with it if you're still here and can talk about it. But yeah, we promoted Fina the other day because they are hitting their milestones for supporting the C-
the secret ecosystem and we always want to celebrate that. We've got a lot of amazing people who have received grants from the Secret Grants program that Secret Labs is helping oversee. So seeing a team like Fina come and ship something like this is really awesome because again it's just
It's driving the ecosystem forward and hopefully it inspires other wallets and other dApps to keep moving forward for the secret ecosystem. We do want there to be a best-in-class user experience on top of secret network. And it's it's really never been better. Thanks to these teams.
Great. Other questions? Feel free to raise your hands here. We'll get you up here on stage while we still have the time. Maybe this is your first secret space and you've never asked anything. Maybe you're curious about our upcoming Shockwave Delta upgrade. Maybe you want to be a secret agent or maybe you just became one. Anything you
want to talk about or any questions that you have for the stake easy team come up on stage. I'm bringing up North out crypto. Oh, you got another person. Well, go ahead Patrick if it's a quick one and then North out crypto is also up here. We have time for both obviously. There's actually a question in the comments on the pen tweet. Oh, read that out.
says, "Does steak easy use zacky/occlusions liquid-staking module? If not, what does it use?" Can it be extended to any IBC enabled chain, which I believe you've already answered? That's yes. And do I need to un-stake first to make it liquid or is it instantaneous?
Yes, sure. So the module by exclusion team, I think that is already currently live only on the coastal sub itself. So this module allows anyone to so currently if you have already stayed with the validator, you want to switch to a liquid signal solution, you have to want to take that token.
to stick your secret wait 20 and then deposit your choice of liquid sync protocol. So which is not a smooth user experience. So to improve that, uh, inclusion team made this module. So this module lets you convert your state asset with the bell later into an NFT. So that NFT transferable
you can transfer that in a free tool liquid protocol status and there will be some liquid token in return for that. So that is only currently applicable for Corsos hub that cannot be applied to another Corsos chain because they have not integrated this module yet. Maybe in future some change might not not much for
So we are only live on June and secret so we don't currently you support that but in future when we'll support atom we'll definitely support this feature and this module for said definitely helps make the liquid shaking experience better. And yeah so currently if you want to stay with us you have to
to un-stake if you have already stayed with our editor and then come to us and stay with us.
I had a question in terms of bringing liquidity over from other chains. I B.C. I believe is. And so I'm wondering if at some point and when that might be Ethereum and Bitcoin might be able to be wrapped as well as
like a stablecoin RSV reserve rights stablecoin might be able to be brought over. Is that anything that could happen down the road? Bringing those over to stayke easy? So, like our first priority is to integrate those ecosystem
that are integrating IBC bridge. So outside the course of ecosystem, I think there's work in place to integrate the near and polka dot ecosystem with IBC. So I think first those two ecosystem will try to integrate into our ecosystem bringing those sticked asset into the course of ecosystem itself.
for the Ethereum and other EAM based chains. I'm not sure if there's any work to integrate with IVC. They are existing bridges like gravity bridge XLR bridge which lets you have those ERC20 and Ethereum come to cost for ecosystem. So to provide liquid-staking for let's say
Ethereum and provide utilities for stick the Ethereum on the Cosmos ecosystem. One way is to go is that deploy EVM Solidarity Contracts on Ethereum chain which lets you have liquid staking and then bring those ERC20 tokens back to Cosmos ecosystem. That's one
to do it. I think Lido is doing that because Lido first launched on Ethereum. So they have SDEath and I'm not sure if SDEath is bridgeable to cost most but that's one thing that can be done right now if they are not integrating IBC. So yeah definitely if in future we choose to integrate
the EVM chains also with the stick is ecosystem will definitely firstly look into how we can bring that stick stick is a stick Ethereum or maybe any other EVMS set to the course from success of first and yeah so it all depends on if IBC is integrated with the EVM chains or not if not if
have developed already all of the other things that are IBC compatible then we'll definitely go for that second option and do that but yeah definitely that's something in our order but I think it will take at least a few months or maybe any year to reach to that point that we're able
implement that but definitely that's definitely feasible in future. Okay great thank you I'll go into their discord stew and see if I can start up a conversation about IVC compatibility I think it's huge so thank you yeah thanks a lot
Awesome. Great question. We've got about 10 minutes till the top of the hour. If there's other questions coming in, like I said, good time to raise your hand, get the Mansard reminding people for one last time of our clean
In code today as well, if you have not yet grabbed your secret badge, this may be your last chance. Go ahead, click the link inside the pen tweet. It will take you to the secret badge page and today's
badge claim code is liquid, all one word, all capital letters, liquid, go grab your secret badge. Show that you supported the Stake Easy team here today.
Appreciate everybody joining these secret spaces as always. The teams appreciate it always as well. One more question for the Stake EZ team. If people want to stay in touch with the project, if they want to be following everything that's coming, other than following the Stake EZ account here, where else can they stay in touch with you going forward?
Yes, so our site is live on Stake Easy.finance that has all the public information like our socials and what projects you are working, what things are working on, what's coming in the near future. We have a discord server also linked I think in our Twitter bio also.
also on that page also. You can go to app.sc.finance to deposit your secret. Juno.sc.finance to deposit your Juno. We have active discussions in our discord itself. We also have a telegram channel also
So yeah, those are all the mediums we used to communicate information and discuss with the community. Awesome. Well, hopefully everybody who's listening is now following the STAKE Easy Team getting in those channels, getting in touch with the project.
So exciting to see stuff launching here in the secret ecosystem and seeing it spread around the entire ABC ecosystem. A lot of calls to action here today to get more involved secret defi ecosystem. There's never really been a better time to start exploring all these protocols because A, things are already live.
you can go and start trading around on Siena and you can be checking out what's coming with Shade and you've got other protocols like Polymer coming soon. You also have the team that button swap, projects like Shinobi, there's a ton of things launching in the CPD ecosystem. If you go to the secret website SCRT.network.com,
I don't want to mess this up. So just go to the website and click around until you get to the ecosystem page. You'll get a big list of apps and tools available in the ecosystem. You can start exploring for yourself. It's pretty broad. There's never been a bad time to get involved with the secret ecosystem.
In fact, it may never have been a better time than now with all the things that are planning to be launched over the next couple months. A lot of people have been waiting on the shockwave Delta upgrade to start getting these things live because that is a major deal for us. So shockwave Delta coming in September, going to unlock a lot of interoperability, some performance improvements as well.
But yeah, really exciting to see all of these things coming together at the same time. Amazing to have the Stake Easy team with us today on Secret Spaces. Thanks again for your participation. We do do these every Tuesdays, right? So the next one is going to be in September.
This is our last of August week, daughter next one coming soon though, right after Labor Day, if you're in the US. So get excited for that. We'll see you back here next week, same time to enjoy another secret state. Oh boy, another secret spaces with more alpha more teams.
In the meantime, everyone have an excellent week. Grab your badge, get into the secret discord, become a secret agent. You can learn about all of this at the secret website, SCRT.network. Make sure you follow us here for all your fun secret alpha. And for those of you who will be at Cosmoverse, we'll have
team going down there and number must go down to Cosmos vs. In Medellin at the end of next month will also be in New York sponsoring Missouri and have a special secret side event to celebrate the two year anniversary of secret contracts. So if you're in New York during that
mid-September period or if you're going to be in Medellin at the end of September, keep a lookout for the secret team, keep a lookout for some amazing opportunities coming your way to get even deeper in the secret ecosystem, meet some amazing contributors. We'll keep you guys up to date on where we will be around the world next.
All that said.
guys. Thank you for another wonderful secret spaces. We will see you here next week. Same time. Thank you.