hey hello everyone hope everyone can hear me fine I'm in a community lead at
Oasis and until everyone joins in I'll be giving you a couple of updates on
what happened on our ecosystem on our network lately give you some future
updates as well so first of all of course we have to start with illuminix
which is the first confidential index on sapphire and they had their successful
mainnet launch this weekend in case you didn't know many illuminix allows users
to breach funds from any VM networks and of course will improve user privacy and
security across all of the crypto ecosystems their mainnet launch had
three phases which in the first phase users could breach as much liquidity as
possible onto sapphire the second phase opened up swap functionalities and for
phase three the the full mainnet launch finally the illuminix token event and an
airdrop we'll also be celebrating this launch soon ourselves so yeah keep an
eye out on our socials for the announcement and in the meantime I
urge everyone to explore illuminix features like the liquidity provision on
when illuminix bridging to sapphire testing just as the confidentiality
features of illuminix but of course we also had some other big announcements we
had three new grand recipients polychain monsters they're gonna develop
documentation and tooling to build web 3 games with confidentiality in mind
Delta Dao which they support the development of our networks compute layer
and of course you can find out everything about Delta Dao and their
mission on on our YouTube channel and on our blog oasis protocol that work
slash blog and last but not least of course more toils today's guests but
will is they're gonna talk more about that during today's spaces another cool
thing I urge everyone to check out was the workshop with sub query called web
3 data indexing and they talked about how how to build indexers using their
open source indexer and you can find the recording on our YouTube and the biggest
the biggest future update is we're gonna be present that is Denver so yeah there
is a lot happening there will be present for the entire conference we'll
start with beetle week which will take place from February 23rd to February 28th
and of course we encourage you to to build with us with OSS we'll also soon
announce the hackathon bounty you'll be able to chat with us at our at our booth
in Denver from 29th to February to 3rd of March our amazing Harry will give a
talk on the main stage on next generation contracts on March 1st at 10
25 a.m. MST but of course you can find all the details on our socials on our
landing page on our website so I suggest you check out our website stay
connected on our Twitter but yeah that's kind of it from my side I'm gonna give
the floor to will yeah absolutely thank you so much Minya appreciate that
the introduction and the recap of the sort of updates anyway see go system
recently I think we're still waiting for Smartwell so I just wanted to give a
little bit more context to some of those announcements so yeah aluminix is
the first confidential decks launched on the Oasis network it's focused on sort
of cross-chain confidentiality so you can make swaps from you know the
Ethereum network to the arbitrary network entirely confidentially and it's
routed through the the Oasis Sapphire network it's pretty exciting it's an
industry first it's the first confidential EVM decks and I think you
know it sort of showcases what is possible with Sapphire the Delta DAO
grant that we just announced will be the first ever third-party paradigm that's
built on the Oasis consensus layer it's sort of that this also the second AI
project or you know machine learning based project that's being let this
leveraging Oasis confidentiality for some of the computation that's being
done I think it's a great step forward both in getting sort of more third-party
paradigms launched on the network which which is which is great you know I think
that chains are sort of becoming more popular and so it's it's great to be in
that vertical as well as well as you know having a second large name in the
AI space that you know has been in the space for years I'm sure to sort of
helps to cement Oasis technology as the one that's really bringing bridging the
gap in in compatibility between web 3 and AI so we're really excited for that
and then finally the polychain monsters they're building the first ever on-chain
game that involves like confidential logic more about exactly how that will
work will be released later but in addition to that grant they're also
integrating a popular wallet that was made popular through friends tech called
Privy it's very mobile compatible and so that that should be helpful to our
community as well as helping us a lot with our VM compatibility which will
ease developer friction moving forward and hopefully allow dApps to integrate
and build on Oasis easier in the future so these are all great announcements all
great grants and then yeah our third sort of grant that has been announced
recently is smart whales who is joining us today so Gabi co-founder of small
whales is here with us Gabi do you want to maybe do a quick introduction to
yourself oh yeah sure thanks thanks for intro hi everyone nice to see you so
many people today so my name is Gabi one of our co-founders of smart trades
so thank you for Oasis inviting us to ecosystem and to me today so a little
bit about background about myself so I have a strong background in traditional
finance before 2018 I was working on a very traditional and very boring as I
would like to say now investment banking I was working with very risky
financial portfolios we have been selling adepts and yeah trying to make
business out of it and yes since 2018 I met my current co-founders we started
investing trading together in Crip and since that time I never got back to that
industry yeah couple years ago we found a lot of different decentralized
exchanges we started looking what people are doing on chain we saw a lot of smart
wallets doubling their money overnight and we started following what those
people are doing and yeah we saw a lot of issues with that and yeah that's how
smart ways was born actually yeah so we're really excited to announce smart
whales as one of our latest current recipients who should be going live you
know later this quarter and will be a great demonstration of both ways to
sapphire confidentiality as well as you know how that confidentiality can be used
through the way privacy layer opal but we'll be getting into that you know
later in this Twitter space I guess a great place to start though Gabby is you
know just an overview of smart whales and its purpose in the web3 space and
why you felt that it was needed yeah so very good question so first of all well
we have been trading ourselves on the different axis for a couple of years and
we started following a different wallet what we're doing on on on on multiple
chains and we saw there are some wallets who are tripling doubling their money
overnight and we saw like okay perhaps some people might be interested to copy
those smart people that do like that of course there is a risk right to trust
someone and develop some sort of fully automated system where you just follow
what someone when someone is doubling their money they might lose as well at
the same time and yeah then we saw as well products as nonsense for example
where you can follow what smart money is doing and when we said okay maybe we can
develop some automated system where you can copy trade those people and yeah
basically this is what smart whale does it does a few things actually it follows
the smart money smart wallets that are trading on chain on different axis and
it allows to do two things for the user one way for the user is to go and and
follow and invest together with the smartest investors with crypto funds or
with traders or alternatively if your trader if strategy develop you can
create your own vault your own strategy and you can get profit share from that
wallet so basically people who come into your wallet they trade together with you
at rewards from from doing that basically and yeah as I mentioned we
basically yeah so a great gap in the industry that there is no solid so to see
we know some of the people doing a similar systems let's say but there's no
like so-called a one-stop shop let's see for for copying for copying smart
wallets and what is the most important doing it confidentially because I really
believe that smart money yeah looking for for doing it yeah confidentially so
yeah that's that's very short yeah about the product yeah yeah yeah and so like
for me yeah there was a product early in web 3 called 3 commas I think they were
doing it I mean they I know that they were doing it on centralized exchanges
and I think it became extremely popular and so the way that I see this is like
the next iteration this is the on-chain version this is the ability to and to do
it in an automated way not one that requires like centralized integrations
and things like that but the ability to copy on-chain trading and potentially
you know can be expanded beyond that you know to things like on-chain yield
farming and on chain you know anything that people are doing in d5 is sort of
possible to be copied in this way and it just really excites me but yeah I
think you mentioned confidentiality a bit I'd love to know a little bit more
about you know what where you what why you believe that confidentiality is
necessary for a smart trading platform yeah so yeah you have a good question so
you mentioned before for example free commas right very good platform very
good product but we do everything on centralized exchanges what it means that
we have a huge huge burden managing customers data right we some issues of
API keys and stuff like that so it's a very very big risk for I would say for a
business and and for the users as well so what we do very differently we do it
fully on chain and we don't ask for for any customers data anything like that
so I really believe like that you know people who are trading with the capital
be one confidentiality in in essence we don't want anyone to know where they
have been trading is it centralized exchange desk have they been doing some
yield farming or things like that so we really want to you know preserve them
anonymity and you know yeah just take care about about their money so yeah I
really believe in general that all type of different decentralized products is
really the future the way to go especially after FTX crashed as well a
lot of people a lot of you know my friends as well from from my network we
moved a lot into yeah trading indexes having their money on wallets yeah I
believe that's that's that's the future base yeah yeah like you said three
commas had you know they they had a lot of I guess corporate or like internal
risk of managing people's data and unfortunately they leaked a lot of
people's data and which which again like highlights what you're saying is that
there are no I think people enjoy the ease of centralized exchanges especially
new people to web 3 people who you know maybe are not so familiar or maybe like
the UI of web 3 is is not easy for them to grasp at the moment but when you have
these FTX hacks where you see the risk of you know having somebody else custody
your assets or you have something like three commas where you know data is
leaked you know you realize that like the value of what three is really that
you own everything yourself you custody your own data you custody your own assets
and if you can create a sort of web 3 analogs that are as sophisticated and
that is easy to use as the web 2 centralized versions there's no reasons
why we should ever use the centralized versions again because they impose
risks and centralization that you know can be completely removed in web 3 so as
long as there's just as just as much just as useful web 3 and just as user
friendly then that is the way to go so that's the future that I hope that we
have but yeah I'd love to learn more about sort of the architecture and you
know you talked about how you're going to have confidentiality but how exactly
will that confidentiality allow ality use opal and how will sort of sapphire
confidentiality enable confidentiality for trades that may be happening on
arbitrary things like that yeah that's that's the core of our discussion I
guess today right yeah so um well let's let's start a little bit maybe what we
allowed to do for the user so in in essence smartwares was created to
invest with the top DEX traders and investors with 1% of the best of them
right so the issue arises here how you make that system private and
confidential so traders are still secured and no one is gonna go start you
know following them how they did with money and who they might be and then
things like that so what we are doing here from an architecture perspective we
are deploying our our contracts on a multiple EVM chains right we already have
Arbitrum we soon launching on an optimism and on Binance Marching as well
and what we do we have a always as privacy layer on top build to secure
the deposits of our of our clients of our users and all the investment data
like for example ROIs TVLs and different financial metrics that we believe that
most of the traders would not like to to be disclosed publicly to everyone you
know what what what we did right in in their trades right so this is this is
how we how they basically yeah use that then in short yeah absolutely and so I
guess a brief overview of Opal for our community is is maybe useful here so
Opal is sort of a method where you can use cross-chain messaging with with the
oasis sapphire network to sort of offload your confidential computation
needs from any EVM network to sapphire so the way that it will normally go is
that well I guess I can go through it in an example with with with smartwales so
for example in smartwales you can create a pool on let's say Ethereum or
Arbitrum which has you know assets like USDC or Ethereum or Arbitrum and
basically you can have a smart contract on sapphire with with the different
vaults that Gabby mentioned earlier so the vaults will be basically a trading
strategy right and so based so the the smart contract on sapphire will be
managing the trading strategy and then when trades need to take place they'll
send messages across the cross-chain messaging bridge to the vaults on other
networks and then trades can take place that way or you can also likewise have
like positions on sapphire like basically LSD tokens or things of that
nature where the sort of TV the sort of value of what has been accrued and how
much has been earned through a trading strategy is represented on sapphire
without sort of being it being shown on other transparent networks that's at
least how I understand it Gabby is that correct yeah that's very brief yeah
description of that okay so I'd love to yeah to learn more about you know how
you found Oasis and why you you know obviously you thought about
confidentiality and thought it was important what do you like about the
sort of Oasis is version of confidentiality and why did you choose
this as a partner yeah so from the very beginning actually we have been looking
away how to how to make all the system confident because we thought like okay
traders traders will come to us but we will start complaining that everyone can
see their very smart trades and we are kind of exposing them putting in into
some sort of you know copy trading you know platform because everyone can see
them and then we started looking how you could do that we I had no clue personally
how to how to make that from architecture perspective and what we
could use and then I found you I think somewhere on discourse someone was
chatting about OPL and I decided to text you and we started talking obviously
about that yeah we got a very great support actually from from from your
developers we started jumping into our calls and yeah that that that that
discussion went very well and yeah we started working basically with you so
yeah kind of very organic and then yeah natural development I think went yeah
yeah absolutely yeah I think it was probably yeah one of the most seamless
partnerships that we've had so far it's like we have this product you guys have
this need and we can just move forward and I think it was how you know sort of
the benefit of these grants you know having a partner like you showcases
what's possible with Oasis I think a lot of people when they think of privacy and
web 3 they still think about like anonymous transactions and they're not
really thinking about all these other cool aspects that come with
confidentiality you know the way I again similar to what I was saying about like
three commas and what you guys are doing I think the goal in web 3 is to
create sophisticated systems such that you know they can out compete their web
2 analogs and for most web 2 dApps or web 3 web 2 or traditional sort of
financial applications or even gaming applications or things of that nature
privacy is needed like if you want to create web 3 uber right like you
probably don't not want everyone to know where you're going all the time and
so if you want to actually create a web 3 uber you have to have this
confidentiality and so it's important to have the grants with great partners like
you who can create production ready dApps that can then you know demonstrate
you know what is possible once we have people are not you know aware of today
and then the other thing I wanted to mention as you said like you know the
traders are worried about sort of their their anonymity right like where what is
being given I think this is a great way to create like trading marketplaces
where traders who are very successful can monetize their alpha without leaking
that alpha right and that's like in my opinion like the you know the everything
that they've been wanting for this entire time and so it's sort of the best
of both worlds that's being enabled yeah I think web 3 is about confidentiality
in essence so yeah if you're building a system like that you must find a way
how to do that privately yeah absolutely so I guess in my final or not my final
but you know sort of getting to the end of the questions that I had prepared how
do you see the partnership between oasis and smart whales contributing to
elevating the standards for financial privacy in web 3 well what do you mean
exactly by this question how how we could so so like I guess like or what is
what is what are small maybe about another question is like what are some
other needs in financial privacy that you could think of in web 3 that might
be are not solved yet or like what what are people really looking for yeah good
question I think there is a very big hype now going over different indexes so
I'm I was following some launches on Solana recently you could launch if
anyone is this following so I think there is this very big high but no one
is looking a lot what is actually behind this like for example as to security
issues confidentiality again so I think a lot of people should look into the
security of some some of the taxes I'm not pointing to anyone now but you know
just just work out and be careful and look a bit beyond the hype and the token
prices and yeah again like to whom you are exposing your assets home whom you
can can can trust and yeah who is building behind us so yeah I think these
other things were very important yeah but I think it's for all the products
yeah I guess that makes me think of another question how did you guys like
I've got obviously you guys are launching on mainnet soon you have a few
different networks that you're launching on how did you choose which networks to
launch on and what what sort of went into those decisions yeah so for us was
important that this EVM chain obviously and secondly we looked into the
transaction costs because we do copy trades so we don't want to pay a lot
right so yeah these are the criteria have been important for us and we saw
actually we chose an arbitrary first that was very easy as easy move for us
because you saw that transaction costs are good for us and yeah we saw a great
developments in in arbitrary so that's that's why we picked picked them but of
course we are you know ever going to get good chances not to do that but yeah we
will move on later yeah yeah I guess one of the things that comes to mind with
arbitrary is you know so they were pioneers or some of the products there
were pioneers like GMX or there's a pioneer in the perpetual trading space
is that also going to be something that's supported by smart whales either
you know on launch or in the future yes exactly we are developing as well to
perform perpetual trades so we started looking now into Texas where do perp
trading but yeah we still haven't decided with whom we are gonna work yeah
there are some Texas where they have great APS they do not work that good so
yeah we we are still in development yeah finding out who is who is good for us
long term right we don't want to have a system for six months and then change
again got it and I guess you know the backbone of of of perpetuals is often
like synthetic assets and derivatives our art do you will any of those being
incorporated into your into your strength platform I guess like in my
head one of the interesting aspects of synthetic assets is that you can have
slippage free trading right and that that can be super useful if there's time
delays or anything like that with with an asset so no you guys are not doing
that yeah we are not doing that at the moment but yeah we are thinking about
yeah okay yeah well I guess is there is there anything else that you wanted to
maybe shout out about smartwills any upcoming community events any upcoming
yeah conferences that you're attending when is your mainland launching and and
what networks can we expect to see you launched on of course so there are a
couple of things here our team will be attending some conferences in UAE in
April so if anyone is from from this part of the world happy to meet
secondly we have still white listing form we have a couple of slots left for
early access to the product so you can find that bin message on our Twitter so
you can sign up and yeah happy to to meet everyone if anyone is around in
April in UAE yeah and so the whitelist is that whitelist for people who want to
copy other people's trades or like how can people who want to be the strategy
providers how can they contact you or how can they start providing strategies
yeah so basically it will come together with a launch so you have to whitelist
for that and yeah you will see everything in our platform so you don't
contact anyone you will see on the front and how you can how you can create
strategy so yeah there is no but to customer support okay is there is there
any maybe last last minute thoughts that you had to share that we maybe then get
to during this this conversation I don't have anything to add actually happy
happy to follow up with everyone yeah if anyone has some questions messages I'm
yeah yeah absolutely so yeah anyone who you know is interested in this copy
training platform I encourage you to fill out the whitelist it sounds
extremely cool and you know it's it's one of the more innovative things I've
seen coming out of web 3 lately so if you're interested in that at all I'd
recommend joining the whitelist joining the smart whales telegram follow them on
on Twitter and keeping up to date with when their launch is coming because I
think it is coming very soon besides that you know yeah we at Oasis will be
attending 8th Denver so anyone in the community who has questions for us about
Oasis Sapphire or questions about smart whales and you know how our collaboration
is moving forward please come to the booth say hello and yeah thank you guys
so much for attending this Twitter space today I hope everyone has a great rest
of your day bye everyone thanks thank you so much Gabby have a good one