All right, good morning everyone. Shall we get started?
Hey man, yeah, I just am muted. Hi guys, how are you? Good morning. I was born here anyway. Yeah, it's about noon here.
Let's start with everything. It's already 12.02 now. I see people have already jumped on to the space. So shall we get started? Yeah, no problem man.
Okay, great. Okay, let's get started with maybe you can introduce yourself and tell us a bit about your background. Yeah, so hi everyone. I'm Mars Captain from Starfish Finance. So I, as Starfish Finance, I'm mostly responsible for the
research and business development for my team. So most of the time if you guys follow our socials, you will see a lot of Mercury and Pluto. They are working very hard with the community and they are hosting a lot of very interesting events. A little bit about myself, I've been in this the blockchain
economy business for part-time for over seven years since I bought my first Bitcoin but it was a long time ago of course I didn't keep it and I've been doing food time and research on crypto projects in the last three years and now it's been almost seven
a month since we started Starfish Finance this project. So that's a little bit about myself and our team is global and we have a lot of teammates all over the world in the United States, in Europe and in Asia. So that's a little bit about our background.
Nice. Can you tell us a bit about Starfish Finance and how you guys got started?
Yeah, of course. So for whoever's new to our new protocol and this Starfish Finance is about a DeFi cross over NFT-Fi hub and we are building this on Astro Network. So Astro Network is a top-parachained
on polka dot. And we are building this on asternetwork because we actually are invited by a defender of asternetwork, SOTA. So he's actually, if you follow Twitter, he's also 30, he's got a new type
I told I 30 on 30 on Fox in Japan yesterday. I advise you guys to follow it. It's very interesting. He's got a lot of vision on the blockchain economy. So he built this astronaut work incubation program to invite
qualitative teams to build top tier projects on S-Ten Network. So this is basically the background how we started with S-Ten Network. So on Starfish Finance we have two major aspects of our products. So on the one hand we are a DAX,
So based on the balancer version to model, and this model is pretty different from a lot of the common Uniswap forks because on Starfish Finance you can create a user, can create a liquidity pool with up to 8 different crypto assets.
And also they can adjust the way show of each crypto asset. And yeah, this is pretty interesting. So it looks like a small index fund for each pool, for the users. And on the other side of the product, we have an NFT file. So basically,
Basically, we are doing collateralized NFT for our users so that they can do landing and borrowing on astronaut work. So these are the two major aspects, but yeah, I can go on more later as we move on with the AMA.
Nice. So I'm looking at your website and I see that you've got the swap that's already running on Haslet I believe.
Yep. And currently, you've done with the liquidity, you've done with the farming. Maybe you could tell us a bit about your farming side of the project. For now, it's on testnet.
make that isn't live yet. Shibuya is the testnet of S-Tanet work. So if you are interested to try out the testing version and with all the available options there, you are welcome to do so.
Okay, that's nice. So tell us what's your roadmap coming like that's heading towards your main release.
All right, so our world map will now be in Q3 if you go to our I think it's a github a white paper and also a main site you can see that we We are about to launch around actually we are we are receiving
a lot of feedback on the testnet and we are about to launch it around the time of early October because we are having some community events, major activity happening. If you want to know more, you can go on our Discord again.
our Magnus launch to be for our NFT fireside, we actively look for new business partners across and outage and in difficult systems to create more synergies between projects like include for example like you guys and us we are with
not within the same ecosystem, but we are working together to build something new for both users. So this is like the vision of Starfish and we believe that the future is multi-chain and there's a lot of synergies between different projects and different teams. And after in parallel, we are launching
this should be around a minute of next year because on our NFT fireside, I can go a little bit further about this because on the NFT fireside we have a model that allows our community to vote for them to white least.
So that it will be eligible to serve as a collector on staffish. So that way our DAO will be very essential because our communities may be able to see a good NFT project on solar
on Ethereum and then they would suggest to the rest of the community to say, "Okay, yeah, can we whitelist this NFT for the Starfish Protocol so that they can invite their community members to enjoy the landing and borrowing service on Starfish Finance?" So this is a very essential and
And we are working on this day and night because the composition of the Dow and also the Voting Mechanism governance, there's a lot of work. And we can see in reality when it comes to democracy, there's a lot to fix. So we really want to give the power to our community.
not just like another protocol for the whales to monopolize the decision making. And yeah, we have a lot of cultural based events, and so it would be quite different from a lot of the DeFi protocols
there with the Starfish community and just stay tuned you will be really surprised by Meet September or end September you will see there's a new very interesting activity for you guys to try out. Nice. So how is Starfish utilizing Steelers? Take it all this.
Sorry, I can't hear that. Sorry, how is Starfish utilizing sealer's tech in your product?
All right, yeah, so first of all for the on the like I mentioned we have to as best of our protocol and on the one hand we have the DeFi and for DeFi side as I mentioned because the future is gonna be multi-chain and Cell and Network is doing the best
C-bridge, like a cross chain, liquidity, efficiency, boosting, mechanism in the blockchain economy system, because systems, so it's the new guys are the best team to work with. So on top of seller networks, C-bridge, we also, because we are building
on the Polkadot ecosystem. So that's an XEM mechanism for those who want to know more about the XEM. I'm not going to the technical details here. I think you guys can check out Polkadot or W3 Foundation. As website, they have very good information about how it
works. And with the cellar network bridge and users can bridge over there are crypto assets from other layer ones or layer. So this is the multi chain future that we are preparing Starfish to participate and
that way we can collaborate with more a wide range of different D5 protocols outside and inside S to network. So this is the first layer of our collaboration with Cellon Network and the second layer is well eventually
the NFT file as I mentioned. So this is a pretty interesting product feature for on-starfish and set work help us build a 7.8M. So how it works the mechanism is it's it's it's beautiful because all the when we look at the news this
there is a lot of hacks on the bridges and cross chain crypto assets transfer. But with seller networks, I am the user they do not need to bridge over there and FT2 another chain. So basically if you want to try or use the landing
and borrowing service on Starfish Network, a user can just lock their NFT on their chain natively and the seller and send a message to ask the network and then we will be able to notice that okay this NFT is locked on the native chain as a
collateral and then the user can come on as an as an as to network to see okay we can choose which crypto assets that they want to borrow so in the whole process is very easy to use and then the other way one when they okay with their finish with their learning and borrow
they want to we pay the loan, they can click we pay on Esther and then it will be verified and then same the seller I am will send the same message back to their native chain and that's how the users can unlock their collector road NFT collector I mean and then the process is finished
Oh nice. So that means we don't have to bridge our NFTs over specifically to ask that we can actually do it for men who have.
the beauty of the way seller I am works. And just we might ask maybe I think we are the first protocol that we are going to introduce this mechanism with you guys.
Not entirely sure that the team may know more specifically unfortunately. Yeah, but I guess we must be one of the very first ones because I know you guys when we work when we we've been building this together for a few months now so if we are not the first
we are one of the first. Yep, that should be quite accurate. So maybe you could go a bit deeper with regards to your NFT lending protocol. How is it different or more innovative in comparison to other things that are available out there currently?
Yeah, so I just mentioned about the beauty of seller I am and then this is well offensive security of holding an NFT from a user's perspective and then the other main difference between us and also whoever's doing something similar
whatever doing something similar in other ecosystem, basically they do a lot of PIA to PIA landing. How does it work in minstripe? For example, you have BAYC and then you will just leave the state on the market.
And then you have to wait for someone to pair the liquidity and then you can initiate the landing and borrowing between two parties and then protocol basically is not involved but on surface we are doing a peer-to-poor model so that's a fun efficiency and it's easier to manage because
So you lock your NFT natively on your chain and then when you come to us to network you already have the liquidity in a pool we quite like available for your landing and borrowing so that way you can you can just
click the button and then do so you don't have to wait for someone to pay out there to be interested in doing learning and borrowing with you. So on our like the way Starfish protocol does is more innovative and it's different from the rest of the similar service providers in our market.
Yeah. Okay, here's a tough question, but I think something that's quite relevant at this point in
Let's say for example in a similar situation like what's facing Ben now.
The NFTs that have been basically bored against have dropped in value. How would that work on Starfish? So on Starfish, there will be a liquiditation mechanism. So if it drops,
below a floor price. So we work with DIA. So there's a decentralized Oracle. They update the constantly feed floor price from a number of different capitalization systems and from other ecosystems. And in that case, it will track their liquidation.
And so that's another interesting thing on Starfish Finance. It's relevant to our token. By holding our token, our users can just participate in the liquidation. In that sense, they might be able to get a top tier blue chip NFT at a very, very low price.
As well as what you mentioned, because the market for now, we can see that it's not the best times in the market, but we are hopeful and we also think that the energy usage is not totally explored. So there's still a lot of potential
in NFT and different usage, especially when you look at GameFi if someday in the next two or three years when the sector gets more mature than a lot of the game is they might be using their NFT in-game assets to come over to start free fish. So we are actually building this to
be careful of that future. And in that sense, when you mention about the current situation with Bandao and with the BAYC floor price dropping, I think it's a temporary situation. So, it's a relatively robust and it's meant to stay here to
such a such volatility in the market. And when you, if we can go further on these points, if you look at sales years and also I think it's about three arrows and then this the same happens on AVE and on AVE there are mechanisms that works perfectly.
It's just like the price and the market is not good, but the mechanism itself is very solid. So in that sense, I think StarFeed Finance, we are also positioned to be that kind of infrastructure in the Web 3 economy. So whether the market is good or bad, our mechanism and our infrastructure
we'll stay. And this is how we see the current market in NFT and also how we see ourselves in the future. Nice. I like how you guys approached it. Okay. So I know the NFT five portion
of your project has not been released yet? Would it be possible to share which NFTs will be available on your platform at launch? Ah, alright, yes, so a lot of our audience and our, our, these commandments they really like to use.
So my answer to that question now First of all, of course if you go to open see you can see all the top-time blue chips Basically, I can tell you that we shouldn't have any problems about accepting those NFTs but then
Furthermore, because we are working with a lot of native NFT projects on Ashton Network. So we have Dr. Han as like Ask the Jans. They are a really good friend with us. And you can see that they are projects. They are also pretty solid. So we are going to wipe the
projects and at the very beginning and some other projects that can't be closed now because we are still in discussion with the project teams and so like I said we are we're gonna roll out these news once we are 100% sure about the collaboration and
and the angle how we are going to meet our community's expectations. Because I think, yeah, because we get a lot of questions even through our last few months when people ask about, like, do we do any public sale?
We never give a like an ambiguous answer. We really want to say yes and no when the yes and no is confirmed. Then we can announce it to our community. That way we can also manage their expectation and we are not doing this.
to generate some hype because we really want to do well, starfish finance as a business to be something important on asset network, on Polkadot and even on a multi-chain future. - Okay, so this is gonna be expanding on my question or
your multi-chain expansion plans because you did mention that you're looking to also accept NFTs from gaming platforms. Maybe you could expand on that and give it an idea of what your plans or if you have any plans for multi-chain expansion in future.
Yeah, so when I'm not sure if any of the audience has has wet our our press release on content graph and also very interesting and creative article on Condesque about our investors so one of the major investors in
and collaborators in Starfish Finance is Clayton. So Clayton is a top layer one ecosystem in Coeria. And if you go to look at Explorer a little bit, I think this may be not very familiar with the Western audience. So if you are going to open
and you can check on the chains that OpenC supports Clayton is actually one of the four after Ethereum, Solana and Polygon. And we have very strategic collaboration with them and if you are interested in digging in more
Clayton has a lot of game-fire projects on a lot of them Korean versions. So in that sense, I actually like, I can share a little bit more about the future of NFT, especially in Asia, because last weekend I was in an AMA with some other guys.
talking about NFT future in Asia. In the landscape it's pretty different from maybe from the Western world, especially on the European side, because a lot of the very qualitative and very hardworking game developers, they are
looking at moving their game models to a Wax31. So that they can monetize battle with in-game assets and things like that. So there's a lot of potential that we can work with ecosystem they have like a game
We are looking to discuss a lot with all these potential partners and also some layer 2 solutions because if we look at the trend out in the market, you can see a lot of the layer 2 solutions they are capturing
a lot of TVLs, even in this bare market. So it goes back to my previous points because the market can go up and down. But basically, if we are doing the right thing, people who are building in the bare market, they are the guys with experience and also with vision.
We are not doing a solid project, then we can just build something during the boom market for a few months. So I just want to share our sincerity in the Web3 economy that we are here really wanting to build something.
Okay, cool. So I don't really have any more questions. Do you have anything that you want to share with our audience that's not been covered so far?
Yeah, I think I think it's pretty clear because when people ask me to talk and keep non-stop talking and I'm not sure if I've covered everything that our audience would like to know. I guess maybe we can take a few questions from here.
Okay, let's see whether anybody has any questions about stop fish?
Yeah, I can see our friend asked her, "Degents, they are here." It is so supportive to us.
Yeah, the community is always a fundamental part of any project. Yeah.
I don't see any questions being raised at this point in time. Do you want to share anything with regards to your upcoming roadmap for the rest of the year that you've not covered so far?
Yeah, I think we got in the roadmap, I don't think there's any more information I can add. But I just have one question, is the Twitter space an open floor one or the audience needs to request to speak?
They need to request a speed. Okay, I see. Yeah, so for the roadmap, for now, that's everything I can share about our progress. And then as I mentioned, anything's very sure, then I can, I can
I can tell our community. But for now, yeah, I think just if you want to know anything, the latest development or what's going on in our community and with the protocol development, just follow our socials and join our discord and enjoy the life there because this
It's not just people say in GM, we have things going on there. So I'm not telling you now, but just try to join our Discord, and then you will find out a lot of interesting stuff going on there. Okay, we've got one request. Let me just improve.
Okay 32 by 32, you can ask your question.
Hi everyone, so I have a question. Why do you choose Arts on Network to work on and
It seems like you have to give away going on, including all the CPU users for the art Sunnet work. Can you explain that?
Sorry, you mean why do we choose to work with SNF work? Could you repeat your question? I'm sorry, I think at some point the connection wasn't very good. Yes, so it seems like your product suite is really mature, but I just got the question of why
to choose to build on Arts and Network in terms of how you brainstorm, what's in your mind when choosing Arts and Network as your destination?
So I think at the beginning of our EMA session, I already mentioned about that the founder of Astronaut work, they reached out to us. And we also think Astronaut work has a pretty coordinated incubation system program.
And that program, they have like a vision of building an entire ecosystem like, okay, so we need a DAX, we need a landing and ball ring, we need NFC projects, we need gamfire at some point. So I think we see
And in that sense, we think we have the confidence on the power chain and also,
Polish on Polkadot and we are interested in doing this with with with with astronaut work team. They have been very supportive throughout our the field the last few months and a lot of the other astronaut work native projects they are pretty hard
They are very supportive to us. If you want to check out our giveaway, like you just mentioned, you can just follow our announcement on Medium or just this code has the latest updates.
Okay, we have another question. Let me just move.
Asan, you can ask your question.
Yes, questions there in the comment section. So you can just check out our Twitter account as well.
Just a moment, I'm having difficulty approving S&.
Asun, can you try requesting again?
Looks like it doesn't work.
Yeah, for some reason it's not approving for his. Okay, we have some questions on.
The command, I think you very addressed that. Oh yeah, let me have a look.
I guess mostly revolving about around Polkadot about why choosing excel at work.
Yeah, and then the other one may be about the the future in polka dot ecosystem. And I think the future of polka dot ecosystem with we look at the current development. You can actually check the developer activities and polka dot has the second most
developer activities among all ecosystems after Ethereum. And speaking of maybe the value or what people understand a lot of investors, they look at the token price and things like that. We still don't understand, I think even the top tier poker
I think no one has a clear picture about why it hasn't gone up in value and etc. But remember, Polka just wrote out the parachains last year in September in November.
pretty recent ecosystem and with the developer activities and also all the global events they are building and you can see that there's a lot of potential out there. I always say this to my friends and to our community
that Polkadot locks a bit like a low-pole file blue-shaped ecosystem. And this is how we see the whole ecosystem development. And Starfish, we got in Starfish, we wish to be one of the major
depth on the on polka dot and also we wish to have a very high TVL captured within blockchain economy that's for sure yeah so I think yeah I think this may answer your question a motor and also if you want to
No more about that just feel free to shoot us any questions on our discord or Telegram. Oh yeah, and yeah, and Insomniac, I see another question. I see the question that I'm pronouncing the word correctly, so you were trying
you are about the value of holding Sean token. Yeah, so Sean token, you can use it of course for the governance because like I said the DAO will be at the core of our ecosystem that you can vote for to write least and then
And also if you are holding a shonto, you can take it to earn the reward. And on top of that, you can also earn protocol fees when you provide liquidity. And then the other users, they participate in the
in the liquidity swapping, you know, so the AMM. Yeah, so one more, yeah, maybe going back to the roadmap, maybe there's one more feature that I'm sorry I forgot to mention about a potential, like a highly potential extension
of product suite on Starfish Finance is about our IDOL and INO launch. Because by holding the Sean token you will have the exclusive width to join the IDOLs and also some NFT projects. As I mentioned NFT will be very
important in the future in the multi-chain economy and also on Starfish Finance. And then hopefully there will be some qualitative and high potential projects that are going to launch on Starfish Finance
And then that way you will be able to participate in these IIDOs and also the NFT launch. And most of all, I think we are holding a Sean Turkcanist like at the ship club. So, joining the membership club, what kind of features that you can imagine?
We can, for example, you will have your t-shirts, or maybe you can enjoy some discounts on joining other activities. And there are a lot of ways to brainstorm about the development of adding more utilities to our token. And for now, I think our-- we launched
Starfish finance with Sean token. It is embedded with our culture and also we have this mask code so you can see the little Starfish. I'm mass captain so my is Brad and you can see we create our outer ego
with the planetary system. So in that sense, we really want to welcome everyone from every different ecosystem joining us and just to learn about crypto or simply, yeah, just enjoy the time with us and enjoy the surface that Starfish protocol
And at the same time, you can also learn the rewards of the protocol fees and also the opportunities to participate in different new projects. So this is some of the major utilities of our Sean token. Yeah.
Oh, there's one more question about yeah, and we About the ID also yeah, so I think you can check out our socials and then you can learn more details from our socials and
And yeah, that's something upcoming, as I mentioned, but if you want the full picture of what's going on on Starfish Finance, the best way is to join our Discord. And yeah, not just the idea that something very interesting that we are developing and then you guys will know in two or three weeks.
I really hope that you guys will enjoy because we spend a lot of time researching on the upcoming activity with the community. - Okay, I see one more question from Morda on the chat. - Let me see.
What percentage of the Polka.Ecosystem you think you will cover? I am not 100% sure about what do you mean, but I will try to approach that. Let's see. So if we speak
of the maybe the TVL of polka dots. And I think if you look at different parachains because we can't really say the TVL of polka dot if you go on D5 Lama so each parachain has their own TVL right? I think that's what you're asking. So let me do this like maybe
step by step. So I think the first step is that we wish to first as we are incubated by SNAR where we want to achieve the top decks, like the number one decks and also the NFT exchange plays for
the NFT file exchange place for for SNF reference. So once we achieve that and then we the second step we will want to see our online within the ecosystem. Do we have like competitors? I'm sure that you guys know about
already like what kind of competitors Starfish may face already and of course we know and I'm not going to say anything about that during this AMA because I think yeah we have our our internal development plan when it comes to
capturing more TVL within the Polka.Eco system. But I think the first answer to your question would be how do we position, how do we become the number one on SNL first? And then the second question is like how we can become a not just a starfish but a star within the Polka.Eco
system. And then the third step would be, say, there will be a lot of inter ecosystem and cross-chain collaborations and development. So in that sense, we really want to become like the go-to DeFi and
and if I help in the blockchain economy as a whole. So in that sense, we're focusing a lot of resources and that's why I'm keep saying that our community is very strong and also we have very interesting activities going on there. And yeah, I'm not sure if that answers to your question.
Okay, I think that's about it for today. Thank you Mars for joining us on our Trident Space. Yeah, thank you.
for joining us today. I wish you a good morning. Good evening. Sorry. Yeah. Yeah. No, I just saw one last question if you don't mind. I'll stand another two minutes about the market. He's he's
or shoot sorry. It's hard to do. We have a token burning program and my answer is no. So yes, if you want to know more, yeah, I think I guess just check out just waste your further questions in our discord and then we will follow up with that.
All right cool. Thank you again, Mars for joining us today. Thank you for our listeners. I wish you good
Good morning, good evening, good afternoon and good night. Thank you for joining. Thank you guys. Have a good day. Bye. Bye.