Solana: Meta Pool x Marinade Finance 👩‍🍳

Recorded: Feb. 9, 2024 Duration: 0:51:40

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morning how is everybody from wherever you're hearing us thank you very much
for coming into this spaces apologies had some issues with my blue-tiered
headphones so anyhow worst investment I've done technology investment I've
done in a few years but anyhow thank you very much marinade team for coming in
here if you can introduce yourself hey hey this is a be tough here with
marinade and I echo these sentiments on the Bluetooth headphones I got the air
air pod maxes as a nice little splurge before a transatlantic flight and they
do not connect as seamlessly as I expected and they can flame out on me
quite a bit and disconnect so maybe they shifted their focus to the VR
pro glasses or something and you aren't focusing on the headphones anymore but
yeah I don't know kind of want to throw these in the garbage but how do I sound
you sound pretty good man pretty good yeah it's I've gone through my fair share
of air pods I have now some beats they work more so or more so or less good but
I just have on and off issues as well so anyhow before I continue to
take ranting on technology I would like to thank you everybody here for coming
in here I see a couple of familiar faces I see some of the our ambassadors some
of the new new acquaintances nightly wallet thank you very much for coming
Juneau as well thank you very much a couple of the salon ecosystem folks
coming in here but anyhow for those of you that are coming in that do not know
what Metapol is I'll go and introduce myself in a little bit but first our
co-hosts and partner technology partner over on the Solana liquid staking side
marinade.finance so go ahead if you can introduce yourself and what the
platform does I think it's we can then we can start with it with the
conversation sure you know I am Brandon B tech over at marinade I've been with
marinade for a couple years now do the communications and help with growth as
well for marinade so marinade is a optimized staking platform on Solana it
launched March of 2021 at a hackathon and was the first liquid staking token
on Solana MSOL is the liquid staking token and so what you do with marinade is
you stake your soul with marinade and you can either do this liquid or
natively but we'll focus on liquid today since that's what your integration is
but what you're doing with MSOL is that you're staking so you're getting MSOL
and that's a liquid staking token that grows in value over time for Sol
because of the staking awards involved so not only are you getting staking
awards by liquid staking but you're also distributing your steak to 100 plus of
the best validators in the network so if one of them goes offline or one of
them has performance problems of some kind you're not really affected and they
end up actually getting removed from the delegation strategy in favor of a better
validator so you know think of it as an algorithm that's always kind of
watching the best validators and making sure that your MSOL is getting the very
best decentralized staking rewards on Solana and you know not only is it good
for performance for you because you're staking with all these great
validators but it's also helping the Solana network be more robust and
decentralized which I think is good for everyone long term so this little MSOL
token does quite a lot on Solana and I'm happy you guys have integrated it thanks
for all the great work there.
For us it was something that a lot of people have been asking for the last
couple of years like are you gonna go to Solana are you gonna support liquid
staking on Solana to be honest we were always very close looking at at the
project really closely since also for transparency my co-founder Lucio is also
co-founder of marinade.finance and so definitely we were always looking to
ways to collaborate and and and see opportunities where both platforms can
cooperate to enable what we believe is the most important activity that a
liquid staking platform should do which is help decentralize the protocol it
serves and I think this is something that both Metapul and marinade have done
very very openly and more importantly everything is on chain right I think
that was one of the best things that how can I say describes both the protocols
right we're pro decentralization pro on chain governance and pro user facing
value creation right and I think that's something that we've always looked
into into the Solana ecosystem and and to marinade to really see see that
platform as a champion for decentralization right and we hope that we
also symbolize that over in the near ecosystem now that we're supporting
staking also in Ethereum also in Aurora and on Q Network so we're going more of
a multi-chain route whether marinade is full on focus on the Solana ecosystem
which I believe it's it's quite good as well right it's a it's a it's a buoyant
and very growth mindset in that protocol so yeah so kudos to marinade for
doubling down on Solana and for us to also double down on marinade right we
understand that we're coming in here to bring our community our DAO and more
importantly the regions that we support and exposed to what staking on Solana
means right which is decentralization as and as you said is selecting the best
validators that will support value creation for the user while at the same
time supporting decentralization right and so with this let's getting into the
little bit of a tell us what's a little bit of the roadmap for this 2024 right
we'll go into our partnership later later at a later stage but for now I
think it's important for folks to get an opportunity to hear directly from you
where marinade is heading this 2024 I know that you've had some competition as
well so tell us about that as well like how do you see this liquid staking
platforms that are up and coming in the Solana ecosystem and where do you think
like marinade still stands out even though you were the first you had the
first mover advantage and at the end of the day correct me if I'm wrong you're
still the liquid staking solution with more TVL on Solana correct I think when
you combine our native and liquid steak we're the highest I think we've got
about ten and a half million soul combined so I think with just liquid
since we've we've actually like had some steak move from liquid over to native
we're not the largest liquid but it's pretty pretty close to the top with geo
so that's an answer to that first question you've unloaded a lot on me
here so I'll try and start from the beginning on the roadmap so 2024 is upon
us and I would say the the big thing that we're focused on in 2024 is
protected staking rewards and what this is is it's another level of protection
for stakers so really what this is is more and more validators are going to be
able to join the marinade delegation strategy by supplying a bond with
marinade and what this does is they supply a bond it's funded with a little
bit of soul tokens and as their performance is tracked if they suffer any
sort of bad downtime or outages or things that really affect the
performance the losses are made up with that bond and distributed the stakers
and so for stakers not only is it more like peace of mind that your performance
isn't going to have any issues but you're also going to be able to stake to
even more validators this way because right now we're sticking to about 100
validators and what we found is once we start going beyond that the performance
starts to decline a lot and so while we want to stake to as many validators as
we can if more and more validators come into the delegation strategy that
aren't having the performance that we want then we might lose stake to other
providers who are optimizing for APY but really what this is able to do is we can
have you know kind of max performance by having to protect the staking awards but
then we can also have max decentralization because we can basically
invite every validator who wants to submit a bond they can get stake that
way and if they have any performance degradation whatsoever that's that
impacts the pool it's covered so that's the the big the big update this spring
and it'll roll out in full about by the end of March we're starting to pilot it
in February so that's exciting I'll pause there and then I can go into
marinator and season if you'd like pretty good right I think and this is
something that we need to be educate stakers around right and this goes to
all proof-of-stake tokens or holders right that are delegating either directly
to a validator node or they're doing a liquid staking tokens liquid staking
token platforms such as marinade and medical because as as you stated right
we are in pro of decentralized in the protocol but then again this goes into
into what goes into play into deciding where do you place that delegation is
basically the performance the uptime and more importantly the reward the fee
that the node operators take right from from from the staking rewards and so
it's a balance that we we as liquid staking token platforms need to be
accountable for in the sense that if you're going to decide to delegate your
soul you're near your eat eat to any liquid staking platform you'll want good
rewards for it right and now in order for that platform to earn those rewards
for you you we need to select the right validator notes right and more
importantly that so there's this factors that come into play and there's and it
can only scale up up until such such a point right and I think it's it's a good
idea and good initiative to secure rewards for users right and yes there'll
be and there's always how can I say challenges of doing so and and the one
that you stated right that you cannot stake to all validator notes it's just
impossible just because performance will suffer and we do not want users to lose
their rewards right and in the case of Ethereum for them not not to be facing
slashing situations right where they actually lose their tokens and so in
this sense I think it's very important to to always keep in mind users keep in
mind and secure users assets and so yeah I think that's that's a very important
part there so coming into the next phase and and and maybe you can I like for
folks who to hear it directly from you right so we've we've had Metapool
integrated with with with marinade through a partnership of basically a
referral referral code right a referral ID what we do is basically when you
connect your wallet to Metapool we're actually using the underlying
infrastructure for marinade and we are just setting an ID on that delegation
which we're getting a referral fee but anyhow what I would like to to hear it
from you and maybe you can discuss that a little bit more into details how many
how many partners do you have right now using this referral program and more
importantly what are some of the opportunities for folks I see some
builders here a shout out to the nightly team to Juneau team as well I see like
defy Africa's here as well so for those builders I want to integrate and maybe
be part of this referral program that marinade has if you can go a little bit
into details of that sure well well marinade and them so token is
permissionless and it's open source and and really anyone can go grab the SDK so
it's really being used throughout the ecosystem by defy projects NFT projects
and you know we're even seeing like with with Metapool cross chain projects and
we're even seeing neon working on get us getting us integrated cross chain as
well so yeah I think that's the beauty of it I actually I probably couldn't tell
you exactly how many people are using it because it is provisionless and it can
really be used everywhere so that's great and then also the native we're
doing as well a referral to so something we kind of noticed and why we've been
pushing the native solution a little bit is that some of the larger institutions
and VCS are still a little wary of defy and smart contracts so we created the
native product to kind of provide them an alternative if they want to use
marinade if they love the delegation strategy but don't want the defy
exposure so I would encourage any any devs out there to check out the docs
and you can kind of grab everything and do it do what you need to do but of
course if you have questions with the developers regarding integrations with
that with them solar native you can for sure reach out that's a really big point
of emphasis this year is trying to get us as integrated as possible throughout
crypto we've got some nice exchange listings and things like that already
wallets and we want to keep building on that and you know we really feel like
everybody should be staking their their soul in some way and ideally liquid
because it supports defy and when you think about all the opportunity right
now on Solana defy with regards to points and farming airdrops and things
like that by integrating emsole and using emsole on those platforms you can
kind of stack your opportunities in addition to staking rewards you can also
get port of all fees points potential airdrops I think a lot of people in
Solana have used emsole in Jupiter and they were rewarded very nicely and the
same goes for some land borrow stuff right now so it's it's a very integrated
token already just being the first and being so open source but I think there's
still even more opportunity out there especially cross chain and multi chain
platforms like yours yeah thank you very much for the shout out but definitely
yes as you stated right permissionless and sometimes yes the the issue with
permissionless is that you don't know how many people are using it and and where
they're using it right but this is the beauty of crypto and blockchain
technology right it's just make it seamless for folks to have exposure to
staked assets such as emsole and doing it in a seamless way so definitely it was
a great experience integrating it and now we're here right I see some folks
from from the ecosystem such as maxi and Bob was right here as well so thank you
very much for coming in here so there's definitely a lot a lot that we're gonna
be working on during this whole 2024 in the Solana ecosystem so tell us a little
bit about governance on marinating I know you have the MDE token governance
token and if you can discuss a little bit more of the ins and outs of that
governance token where the people use it what's the utility for it and what's the
plans for 2024 awesome great question and it's a question that's even better
as of yesterday so I can drop a little alpha on you guys but the the MDE token
is the governance token of marinated it's it was launched October 2021 so
it's been out a while there was no VC or like ICO allocation the founding
team got seven and a half percent of it and it's fully distributed at this point
and so it really is a fair launch token that did like an initial airdrop to
early users two years ago and since then it's really been distributed through TV
all growth or contributions to marinate and through grants referral stuff things
things like you guys are doing so really then the main utility is you know number
one we're on realms governance so you can vote on proposals MNDE controls the
Dow Treasury so anything regarding the Treasury can be voted on with MNDE the
more interesting thing that is more unique to staking protocols like
marinade is this idea of directed stake and so the Dow actually controls 20% of
the delegation so I think ten and a half million soul total 20% of that's like
we'll just say two million soul and MNDE holders can vote with their MNDE tokens
to send 20% of the stake to the validator of their choice and as of
yesterday you can actually vote on the marinade delegation strategy too and
marinade will actually reward you with additional MNDE if you vote for that
delegation strategy instead of other validators so you'll notice some
validators actually do take snapshots of who votes for them and we'll send
them additional rewards like one example is the step validator if you vote for
the step out validator they will snapshot that and give you step token
call options that you can buy or there's other validators like Solana Hub who
will air drop you like weekly soul rewards on top of what you're getting
with marinade and so we've seen about a handful of validators doing that I'm
eager to see even more do that as a stakeholder stake pool grows and more
validators come online so that would that would be the main token utility
right now is this idea of voting for validators but also contributing in the
Dow and voting on proposals and directing the Treasury okay perfect and
yeah if you can share with us links to to to those I think those are important
points of contact with with marinade right for people to get involved with
your governance I think it's it's one of the best things that blockchain
technology brings to the masses right we understand that we're still a few
years away from making this a little bit more seamless right more and for people
or normies to understand the value creation process that is happening
through the our governance for us at Metapool what we did is we kind of went
a little bit on the more exploratory route we put all protocol fees back into
the hands of our users our stakers in our governance participants so we're
actually right now not allocating any of the protocol fees directly to the
Treasury it goes directly to the Dow and the Dow distributes that automatically
to people that are participating on the governance folks that are soliciting
grants or grantees right and so we believe that that's kind of a way for us
to bootstrap engagement in the near ecosystem for folks that are not familiar
with it and so but coming May 1st we're gonna go multi-chain governance so the
our meta governance token will be renamed MP Dow and that MP Dow token
will be live on ETH mainnet and also a near protocol and the team is working
really hard in setting putting forward what we believe is going to be the
future of multi-chain governance and so more news on that but definitely the
team is working hard on that one but it's going to be live on the first week
of May so definitely lots lots to to discuss and further down the road and
see possible collaborations as well because we believe that at the end of
the day our main job as protocol builders is to make this technology
accessible and more importantly that the value accrual process stays within the
users and not so much the platform but then again like I said it's it's very
very early stage but at the end of the day we do want to push the boundaries of
what this technology can bring bring to market and more importantly value accrual
for users and so anyhow exciting times ahead so one of the big things here that
I want to have an opportunity for folks that are in the audience so when I ask
questions to either marinate or ourselves please raise your hand and
then we can slowly but surely open up the mic I do please want to just reset
the room right bleep be mindful and more important importantly respectful to
everybody here to the audience and to the co-host as well right we want to we
want this to be a really lively conversation you can make hard questions
that's fine but as long as they're respectful and more importantly to the
point anyhow coming into why liquid staking is important for proof-of-stake
networks so one important aspect here is as we discuss is decentralization the
second aspect that you discuss as well is DeFi so I want to I want to hear your
perspective on on DeFi on Solana I know there's a few up-and-coming players such
as Jup right that they just launched and but I want to hear your perspective on
DeFi how do you see it grow growing this couple of this for this next next
cycle and if there's any exciting technology that you'd like to share with
the audience right here sure yeah love DeFi on Solana it's in a much better
spot in February 2024 than February 2023 that's for sure so I think the real big
value proposition of Solana DeFi and especially liquid staking tokens is that
the composability and the stackability of DeFi is really strong because the
fees in particular are nothing and so there are all these great strategies
that employ vaults where you're basically able to kind of stack yield in multiple
ways so I'll give you one example is Meteora which is kind of a sister
project of the Jupiter team which just launched and they are also doing a
points campaign right now with some some points going on and potential air drop
soon but something you can do in there with those Meteora vaults is you can
supply MSOL so you're getting the staking rewards automatically in MSOL as
it grows over time versus Sol so while it's parked in Meteora it's getting staking
rewards but then it's also getting liquidity fees you know based on trading
volumes and then they will also when it's not being used in in the trading
pools like if it's out of range or something it's then deployed
automatically into lending protocols offering yield there and so you're able
to you know get additional yield that way and doing that in a theory it might
be a little more challenging with all the fees involved but given Solana's
fees are like nothing the stackability is very easy so we're really starting to
see more and more vault concepts come out Camino's another one where they're
doing some some really cool vaults where it's concentrated liquidity and then
they're also rebalancing ranges for you so that that's another big one it's
it's really a great time and also I'll just kind of mention excuse me but when
FDX crashed the lend borrow on Solana with liquid staking tokens was
basically halted while all the the lend borrow platforms kind of revisited their
risk and in the last year you've seen lending protocols relaunch or new
protocols launch a lot stronger than they were in 2021 and 2022 their risk
protocols are a lot better more robust they've they've got more history to work
with and to assess and so you've seen like some great competition for lend
borrow which is especially important for liquid staking tokens because that's
kind of the fundamental thing with a liquid staking token is that you're
getting liquidity for your stake and and oftentimes the first thing you do with
a liquid staking token is supply it in the lend borrow and you know borrow
stables or something against it to kind of leverage and do other things so you
know the combination of the vaults the lend borrow is being stronger liquidity
pools just the amount of DeFi activity that's happened over the last few months
has kind of exponentially grown we're seeing Solana is oftentimes having some
of the highest trading volume daily of any chain now and that was just unheard
of a year ago so supplying liquidity is very beneficial right now and especially
for using a liquid staking token token like MSOL which is also getting staking
rewards so we try we like to kind of tell people you know your first your first
step into Solana is to get Sol and like your second it should be you know go get
MSOL so you're helping the network and then you're also liquid and can take
advantage of all these opportunities cool cool yeah definitely last year was a
scare for everybody right I think that last year's bear market and and we're
still and this to be totally transparent right I still see glimpses of of interest
coming in right influx of interest but still we're way way way down from from
the 2021 bull market right so let's just keep our keep our heads down keep on
building integrating right and I think this partnership goes to show that
eventually there will be points of consolidation between different platforms
but at the end of the day as long as the value creation stays with the users and
the opportunities are brought in right and in this sense is what this
partnership is all about right we understand that we have a good footprint
in Latin America and in margin markets and that's what and that's where we want
to shine right we want to be the liquid staking front-end for for marinating
those regions and more importantly also to be very close to those communities
right we understand that running running communities is running it out is
quite it's a little bit like herding cats right it's a little bit over the
place chaotic right and then you have multiple languages right and you can
just go into any platforms discord right you see things happening on different
channels on general in the GM's and whatnot right coming in at all times of
the day and so definitely that is something where we feel that we can what
we bring to the to the table to this partnership right and just expanding
opportunities for folks that want to understand what liquid staking is how
they can do liquid staking on Solana and so definitely for us this is this is a
way for us to ship in right and more importantly support decentralization in
the most important aspect which is delegation of tokens in this case Solana
so I'm gonna go back a little bit I don't know if there's folks interested
in asking a question or sharing some of your thoughts about what we discussed
please raise your hand and you can come up on stage and I'll open up the mic if
there's any questions please feel free to to raise your hand we're gonna come
in ten more minutes and so and then we're gonna wrap this up I do want to be
mindful everybody's time it's Friday it's been a long week and definitely
more to come right we're gonna continue building and more importantly
engaging the Solana ecosystem in the in the Latin American market so with this
my next question is around where do you see where do you see opportunities for
folks okay Dan okay you requested perfect Dan I'm gonna open up the mic
please be respectful and one more important thing anything that we have
said up until right now should not be considered financial advice I do please
urge everybody here to do your own research more importantly do not trust
trust but verify right do not in and at any circumstances share your private
keys nor does marinate nor medical ever ask for your keys your private keys
understand that the systems and platforms we represent are permissionless
and non-custodial so I think that's very important for for us to to share with
you and so in that in that case it means that you're always signing all
transactions that you do on the platform and so anyhow I don't know if you want to
any any any lawyer stuff that you want to share with us marinate before we ramp
up and start bringing people in no that was that was perfect yes and if it NFA
do I or and this word DMS or scans that's that's crazy right now yes yes
please again in any any messages on this court in telegram impersonating anybody
here on on this basis please do not click we are not gonna send you links
over in telegram and this court and just be mindful folks again it's gonna
get crazy so anyhow so let me bring bring somebody up on stage so then go
right ahead ask your question abram as well one by one so hopefully it's
connecting okay abram you're in then let's see yeah okay perfect let's go
around then you're you're up next after abram yeah I have a question can
they m soul be using all d5 protocols on so on or only in some it can be used it's
about as widely integrated as any liquid staking tokens it's probably the most
integrated liquid staking token on Solana I would say the only d5
protocols that don't use em soul there's either like no reason to have it
in there or like it's not they don't use any LSTs or it's maybe not a very robust
one but all the leading ones have em soul in there I want to say there's at
least three to four million em soul right now being used in Solana deep right
deep right now so yeah I can't think of any any big ones that don't use this
frankly okay okay thank you thank you very much abram for your question okay
Dan you're up next okay thanks hello for giving me the mic on the question I want
to ask is because I'm not here from the beginning of the space I want to know if
there's a reward for stickers like what are the rewards for stickers because I
take marinade and Solana so what will be the reward for Metapu stickers like
thank you very much for the question Dan so this is something we're cooking up
literally so as I said before we're gonna do the we're gonna do the token
economics reset on May 1st for now we're not bringing the MP Dow governance
to Solana and so in that sense we're thinking of clever ways that we can
reward retroactively reward folks that are supporting us on this on this launch
on the with our partnership with marinade and as I said before it's just
a right now we're part of their referral program and so at the end of
the day you are getting MSOL as a result of staking Solana through Metapu
further down the road we'll look into what come up with a program where we can
retroactively reward folks that are staking Sol with Metapu at the moment we
do not have nothing live as I said we're just getting this started as soon
as we have a good idea on how the multi-chain governance is gonna work
between near and ethereum we might integrate Solana but that's further down
the road not not in the in the in the roadmap for this year for sure maybe for
a later quarter but it's gonna be a little bit of a stretch we first want a
battle test and stress test multi-chain governance on both near and ethereum and
then take it from there right but no worries we will have we will work
something out to reward those folks that are staking their soul through Metapu
and so but anyhow that's a TBD okay but it's in the works okay thank you thank
you for this can I ask okay okay sorry what I would like to say like seeing
this Metapu and is a it's still very heavy and now I love getting into
pretty very heavy like this so I really appreciate my needs because I don't see
the notification pop for them already it's on the space I don't say to drink
and now I really appreciate now so getting into this projects into Metapu
now is very very heavy and people that are into from now gets a lot of reward
if it's if it's fired out that they will reward stickers and attractive people so
thanks a lot thanks a lot that's what I really appreciate I really appreciate
you were gonna say something back yeah I just wanted to touch on just the reward
question from marinade's perspective because you answered kind of more of the
Metapu rewards but when you stake soul with marinade you're given the M soul
token and basically each epoch which is every two or three days the staking
awards gained by the marinade pool are deposited into the M soul price and so
like every two or three days you'll see M soul go up just a little bit for soul
price so let's say you hold one soul for a year in M soul you'll get about 1.07
soul back it's about a 7% staking awards APY but I'll also mention that
right now we have the marinade earn season going on right now and so you can
also claim M N D E at the end of the period as long as you hit a threshold of
one M N D E earned so checking on that you need to stake at least one soul for
for the full three months to get that but it is an opportunity to get a little
bit of the governance token
yeah thank you
okay perfect yes and in this sense also then what I would advise is for you to
look into the MP Dow grants program I think that's a a good initial step into
getting familiar with the Metapu Dow ecosystem so right now for example we
have around I think it's 19 projects that are soliciting funds from the Dow
from all over the world different different initiatives and one of the the
one that is very close to my heart is that if everything goes well we will be
supporting two up-and-coming builders one from Mexico and one from Argentina
to be part of the University of Zurich Blockchain Center summer school which is
an immersive three-week program built for university students or or or
graduates at least that have recently graduated from University that have high
potential projects Shane agnostic projects so really really excited about
that and as I said let's just hit us up on our discord and or telegram reach
out to our ambassadors you see here a couple of them you see here bleed you
have see rose max one Francisco Pablo sky empires right here as well matte as
well so you got pieces as well so if there's a couple of folks Leon as well
jam so there's a couple of folks here from from the ecosystem and from all
over the world so definitely reach out to them and be ready for MP Dow grants
number six that is live right now and hopefully there's around 20 more than
$20,000 being distributed to grantees so really really excited about that but
anyhow so we're coming up close to 1045 so want to keep this short and sweet as
well like I said it's Friday it's been a long week and it's important to touch
grass be with your loved ones and just disconnect a little bit from from
crypto Twitter or X Twitter I don't know how you're gonna call it now but
anyhow any last remarks from the marinade team they want to share I just
thanks so much for integrating us love all the work you're doing of course you
know Lucio has been a huge part of marinade from the beginning and mad
respect to Lucio for everything he's done and you know he's he's been
trumpeting the centralization vision from the moment we met so I know he's
hearts in the right place and I think that that permeates throughout the core
team at marinade now and everyone in the community and that we want to see a very
strong and healthy decentralized permissionless you know crypto
landscape moving forward you know without borders and it sounds like we're
both on the same page so just thanks for all you're doing there and all the
education you're doing on your front and we'll keep doing the same and we're
happy to continue supporting you
much so any any last takers that you want to do ask a question to their
medical or marinade team please raise your hand we're coming up close to
closing the spaces I really appreciate everyone for coming in it's been quite a
ride 2023 2024 is there's high expectations but just be mindful right
do not risk any any money that you're not willing to lose just understand the
crypto is risky anything that we have said is not should not be considered
financial advice there's a lot of opportunities to build on top of crypto
technology blockchain technology definitely if you're in the Solana
ecosystem I'll go ahead man yeah let me just echo the that comment about just
you know being careful out there you know I I got into crypto in 2021 when
the kind of bull run was in full effect and I've made some good moves and some
bad moves I would say the best things I've done is that the bad moves were a
very tiny portion of what I was doing in crypto and also thus far I've maintained
good security too so if you can maintain your security and keep your degeneracy
allocated to small portions of your portfolio you're on the right track but
I would also say the most meaningful thing for me has been to be actively
engaged and working on protocols myself I think that's that's been the most
rewarding in many ways and really giving me a great understanding of everything
that happened in crypto and it also just it opens up this just gigantic network
this global network of people and it's a beautiful thing and it's it's why I'm
still here after the the FTX's and the Luna's and God knows what else and that's
kind of why I'm still really bullish on the space overall thank you very much
great closing remark yes I think it's important for everybody here just to
understand or at least have a good understanding on why they're here right
yes there's a lot of folks that are hey dance sorry about it we're closing up
this space so make it quick
you want to say something done go right ahead but please make it quick
please can I purify you to any of our space like because we used a very large
space maybe twice to three times in a month so can I invite you so you can
just come and share kind lighting more people about it because many of our top
they may know but I just want them to like this you know more about it than
getting from now and it's just like them saying more like about it okay thank you
very much yes for Sherman just send a send a DM to to the medical Twitter or go
to our telegram and just reach out to to Rose as well you see here Rose on on on
the on the x basis and then yes for Sherman let's coordinate to have a spaces
more on more close to your Africa time and for sure I don't know I cannot talk
for a marinade right but at least for us just reach out to us and we will be more
than glad to help you out any way we can appreciate you coming in here but anyhow
marinade you want to yes yes same here anyone can jump into the discord we've
got a community management team who can assist and they can help with
them anything education based we're always interested in and I'll also
mention Solana has a gigantic community that's that's even growing in Africa too
so I would look into that as that grows and and you can definitely try and be a
part of that yeah exactly and reach out to the folks at DeFi Africa shout out
to them I see them here on the in the spaces so reach out to them and and they
have lots of educational initiatives but anyhow just a second what you said
right it's important if you want to engage with any of the protocols this
court and telegram are the best way sometimes telegram is a little bit too
way too spammy discord is a little bit more one-to-one and you'll see our
ambassadors there and definitely keen to open up opportunities in Africa and
there's definitely lots of folks that are interested in crypto and blockchain
technology and builders over in Africa definitely any way we can the medical
Dow grants program is open to anyone it's chain agnostic as I said and you
can just make a proposal and then go from there right but anyhow let's wrap
this up I think we've run out a little bit of overtime appreciate you coming
here and more importantly as you said right there's a lot of lessons to be
learned on this new cycle that is upon us be mindful be respectful be humble
and more importantly try to help out your normie friends not doing to do not
make any any big mistakes right as I said before nobody's gonna ask for your
private keys at least the only ones that are gonna ask for private keys are
scammers grifters and just people that are want to steal from you so please do
not share your personal information nobody from the meta pool and marinade
team will ever ask for information or your private keys or ask you to click
any links so just be mindful and anyhow be careful out there enjoy the Sun enjoy
the weekend enjoy the nighttime nightlife whatever suits your fancy but
more importantly just stay frosty that this is just getting started and anyhow
wishing you all the best thank you very much marinade for joining us and let's
wrap this up any last comments no thanks so much have a great weekend everyone go
touch grass it should be a wonderful year