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Stacks AMA
Recorded: May 27, 2025 Duration: 0:20:42Space Recording
Short Summary
The Stacks community is buzzing with excitement as discussions around the SIP proposal reveal plans for an endowment to boost ecosystem growth, innovative dual stacking opportunities, and strategic partnerships aimed at enhancing liquidity and user engagement.
Full Transcription
Music Thank you. Mr. Wagmey, I see you and that emoji.
It was tears in my eyes as well.
It appears that we broke Vegas.
There's so much excitement around Bitcoin dominance and stacks that it looks like X had a
slight issue there as well. So our apologies, everyone. I appreciate you jumping on this
continuation of the AMA as well. And Rosar, as you join us back, a big thank you to you and the team for the comments as well.
Landy, want to come to you. Any question that you have or additional comments fresh off this news?
Yeah, I'm still kind of going through the news. Thanks for bringing me up. I want to say thank
you as someone that's heavily invested in Stacks and the Stacks ecosystem and a part of the community, this is the stuff that we've been talking about for quite a long time.
And you guys have been diligently listening.
And I can't say enough about the proposal here.
There's a lot of really good stuff in it. I can't say enough about the proposal here.
There's a lot of really good stuff in it.
The endowment is a very good thing going forward for ecosystem growth and liquidity.
Setting up what I like to refer to as an incentive-based flywheel. We have a lot of that already, but just furthering that flywheel along and getting more exposure to it out there.
And then addressing the challenge that every single token pair has in every ecosystem,
no matter where you go, and that's liquidity. That is the big one. I mean, we already know
where our yield comes from across the various D apps and the
Stacks ecosystem itself at a network layer. So, you know, we have all of the great things that
Bitcoiners like myself look for. And now you combine that with what I think is super, super
exciting for myself and I think many others.
And that's the potential for dual stacking.
And that is a big, big one.
And then you combine that with the endowment and all of the other great stuff that I'm reading through in the SIP proposal.
I really just, I have to come up here and give everybody flowers
and, you know, and give the community flowers too, because, you know, we've, we've been,
this is a symbiotic relationship. And I think that we're seeing, we're now starting to see
that mindshare start to take notice again and understand now that the ticker craze has been dying down where real value
is. And I get more questions out there in various ecosystems as the Bitcoiner wearing the Hermetica
badge, jumping into Sol and Sui and other networks, CasPA and so on,
in their spaces and talking with people.
And people are interested and they want to come over and check out
and see what's going on.
So onboarding is a big one.
And this just furthers that.
So I just wanted to say that I'm really impressed
and I'm looking forward to see
how this continues to go moving forward.
Thank you very much, Landy. I appreciate the comments and happy that you took the time to share with us today. Mitchell, I want to come over
to you real quick. And for the audience, if you do have questions, this is an AMA. So just request
to speak, raise your hand, and we'll bring you up to ask questions and to comment live as well with us. So appreciate you. Mitchell, will this SIP proposal impact SDX?
And to what extent will resources be allocated
to kind of help things stabilize and grow
the greater ecosystem and network going forward?
Oh, boy.
I don't know that I can answer that definitively,
but I think that when I think about the treasury creation, I'm thinking about it a lot less in
terms of something like price action and a lot more around incentives, right? Incentives and
grants and the things that are required to help people grow.
Do you want me to take the question in a different direction or?
Yeah, I'd love to.
Before you do, I would say, yeah, both Alex and Manif jumped in.
Manif, I'll have you start.
Alex, and then we'll circle back.
Yeah, yeah, yeah.
That sounds great.
I'll dive in because, you know, I've had some chats with large holders of STX and they're very excited about this.
But in general as well, I think in the trading markets, there are a lot of liquid funds.
And the thing I like about the SIP is that it's very detailed, even to the extent of giving very clear answers to how much the endowment is getting
what purposes it's being used for and and um how it's not hitting the market right so that's the
most important thing that liquid funds uh care about so the initial mint uh there are going to
be institutional sales to uh large funds which by way, I think is an extremely great opportunity to bring in more sophisticated investors and funds into Stash.
Because they get locked up tokens for two to four years.
They become long-term holders.
And then they come in and they deploy capital on chain.
They actually come in and invest in startups that are there because now they have a vested stake in the ecosystem.
So these tokens don't hit the market.
So there's no sort of like negative perception of, you know, how projects have like, hey, there's a big unlock happening.
There might be a dump.
So we're being very careful about it.
Plus, this is such a tiny percent of the supply that that will be locked up this way that it's nothing compared to other
projects right because it's just going to trickle out very slowly over time and then a bulk of the
capital is just it's called working capital in the SIP which is really think of that as on-chain
DeFi deployments the capital that's going into providing liquidity is not sell pressure on the
market at all and if anything it's actually a very bullish
sign because the tvl goes up uh trading volumes go up and people actually have liquidity to to
do these things so i think i think that's that's very exciting one last point before i
hand over to cut to alex is i think as i said that we made a list of pain points to address in this SIP. So if you turn your attention to the investors and look at them as users almost, like builders
are users in a way of the ecosystem, investors are users in a way.
So what are those users saying?
Those users actually want these investors, they want clear communication.
They want a single entity, which is likely going to be this operational entity that does clear market comms to the market, puts up a report, says this is how the
endowment is sort of like managing stuff. If anything, like, you know, projects like Ripple,
I know they can be criticized for other things. This is an area where they're extremely strong
at. They do great market communication. They're very transparent about the use of their funds.
And they put up consistent messaging and consistent reporting to the market. And the
market loves it. Market loves consistency. They'd love to see a single entity that they can go to
for all of this information. And they can actually discuss STX. In our ecosystem,
it was tabooed to discuss STX price.
And I think that's going to change now
because we are just in a different
stage of maturity
and these new entities
can actually directly engage
with STX capital markets.
Alex, anything to add?
Thank you, Maneep.
I think Maneep covered it.
Let's get some more
community questions rolling.
All right.
DeFi dictator
let me see your hand up
alright
GM guys
I would like to
thank you for the mic
and I'm not a technical guy
but I've been noticing a pattern
whereby you see
a blockchain is being tested.
Let's take a ton, for example.
And they never really got tested until they started seeing millions of transactions flowing in per second. And I believe we are going to witness that very soon as that.
So what are these shock observers we have in place to prevent shortages in blockchain operations?
Thank you. Thank you.
Thank you very much,
DeFi. Alex, go ahead.
Yeah, so just making sure I understood
your full question, but basically,
how do we make sure that the blockchain has
sufficient capacity going forward
as it grows? I mean, I think
Nakamoto was a massive, massive step
forward on this, obviously.
I don't know the last time I ran even a contract call that didn't grows. I mean, I think Nakamoto was a massive, massive step forward on this, obviously. You know,
I don't know the last time I ran even like a contract call that wasn't didn't only cost like point zero zero three zero three STX. Like it's just it's all so cheap right now, given how much
more capacity there is in each block. That said, like if the network increases 100 or 1000 X in
size, which I'm pretty confident it will, we'll just have to keep making more upgrades to it.
So you'll notice like in the SIP, right, one of the things that's even noted is going to be worked on as part of this is Clarity Wasm, which will bring some more capacity there.
At Hero, we've played with other stuff like subnets and things.
So there's a lot of ways to scale the network capacity as we go.
But I think the good news is
with the amazing work on Nakamoto
and getting that out last year,
we have a really good amount of growth we can do
before we run into any of those issues.
Thank you very much, Alex.
I will also point out
that it is the first item on the roadmap.
That is an ongoing investment, ongoing area of research.
So speed, capacity, throughput, all those things are going to remain a top priority for core developers all along.
I'll add two quick things.
One is that I think in terms of core development, so a lot of other areas that we didn't have any entity that was sort of like even
working there like i'm talking about things like token marketing and capital markets i think the
the new operational entity can play a role i think for core development we already have a really good
process and the new entity is going to be a major contributor uh over there as well so we'll see
like you know more sort of like you know rapid development we will see like, you know, more sort of like, you know, rapid development
and accelerated sort of like, you know,
timelines of some of these things going live.
And lastly, I think some of the releases right now
are already producing like, you know,
pretty fast blocks, like 99.5% of the time.
And Adriano is here and he can actually chime in.
More of it at a very high
level. I think on the fast speeds and bandwidth, the job is never going to be done, right?
We want this to be the rails for Bitcoin globally. Like imagine billions of people using their BTC
on stacks. And I think we just need to continue pushing the frontier forward. And some of these
new resources are going to really help with that.
Thank you, Maneb.
Tenderly on X, I saw your hand up first.
Let's get your question.
Yeah, Jim, Stacks community.
Jim, Kyle, Maneb, everybody.
I appreciate this moment trying to speak up here.
And I appreciate you guys in the Stacks community. Shout out to you guys. Shout out to Stacks Africa. You know, I'm repping Stacks Nigeria. Shout out to you guys too. The BoostX community. Shout out to CryptoDude. Skoll community. Zenitron. The Leo community. Also the Roe community. Jack. Shout out to you, bro. The Welsh road community jack shout out to you bro uh the welsh community
too shout out to you guys um you know the stacks community is actually what i love being in because
i appreciate it like since i've been in the community man i i've enjoyed love bro like i've
not seen any you know vlog on any crypto um you know community like the Stacks community
guys and I appreciate so I want to ask the question and it goes like this um so what is
how does Stacks empower or would empower um content creators um on the Stacks blockchain?
Mitchell, you wanna jump in on that one? So how will, Tindrilli, just to clarify,
how will Stacks continue to support content creators?
Is that the question, just to clarify?
Yeah, yeah, yeah, sure.
Yeah, sure.
I think there are a couple ways, and I appreciate the question.
This is actually a personal passion area of mine.
Way back, I ran a program called The Mintry with Ileana, who's on here, and Unmutable as well.
So we got to collaborate with a lot of artists of different kinds, music creators.
So we got to collaborate with a lot of artists of different kinds, music creators.
And so, A, I think the SIP proposal provides a lot of fuel to continue doing programs like that and generally do more of them.
I would love to run another one.
And so that's one.
I'll give 300 a shout out here.
He was in the program, makes some phenomenal music and has made music kind of around the Stacks community.
makes some phenomenal music and has made music kind of around the Stacks community.
So I think just programming and grant giving to a wider range of folks because we'll have
the resources to do it. Right now, at least with the lens of just the Stacks Foundation,
which I'm a part of, we have a pretty limited scope that we can provide grants to, both legally
and for all the reasons I mentioned on the town
hall, but also just because, you know, we have to stay pretty focused on the core protocol. We have
a relatively small budget, and so keeping that really focused on the things that, like, really
impact everybody. Very, very core protocol stuff and, like, very core integrations. I think with
the endowment, they're going to be able to have quite a bit of
a broader scope and try to take some of the programs we've experimented with and piloted
and potentially do more things like that. The second part of it that I think you can support
creators and the way the SIP helps here is similar but a little different, wherein if the Stacks
ecosystem has a CMO, has a deeper brand focus and a dedicated team to those things, all of the creators around Stacks will benefit from that.
So being plugged into things like a KOL strategy and building upon the amazing programs that Rick has put together in the community to make sure we have a content guild where we're supporting people to create content around Stacks.
And we've done d-grants that support, you know, content creators and so forth. So I see it less as like maybe a
bunch of brand new stuff, but a deeper commitment because we, you know, we have the funds to invest
in some of these programs that we've trialed out and piloted that went well, and we can just do
more of those. That's perfect. Thank you. Thank you very much, Mitchell. Chad STX, you've been
waiting for some time. It looks like we've got your audio back. Do you want to try it? There you go.
Go for it. Hey, guys. Thanks. I wanted to say thank you to Stax. Thank you, Manib. Thank everyone
for answering all the different calls, pleading. I'm so bullish to hear.
We need bullish, jack elated and bullish.
Everybody on this call should be super bullish
if you haven't been around very long.
This is like so major.
I haven't gone through, I've been so busy,
but like everybody has, but with family and I haven't.
The one piece that I haven't heard any updates on for a while that I've been wondering about, because the biggest piece in my household is, you know, answering to my wife and all of this.
Ryan McCabecki, I find all of this and she really wants to see all of this come through for the people that are so in the dark and to be able to be educated and to start using it in ways that are somewhat familiar.
Ryan McCabecki, And to empower you know the very people that.
Bitcoin was developed for and the pieces, the coin flip ATMs with the stacks programming.
Is there any kind of update, any kind of timeline when that's possibly going to come online?
Yeah. Hey, I'll take this one's Mitchell. I'm so excited that you brought that up because that
was one of my favorite partnerships I've had a chance to work on. And I think the potential there is really cool. What, you know, what has slowed us
down primarily there is integration, right? So with most of these providers, including CoinFlip,
they use a specific, you know, in their case, they use a specific custody provider,
which Stacks is supported by, but they then also use
a specific compliance provider. So as a bigger company, right, they have a bunch of protections
in place. And basically they hit like various services and APIs to make sure that they're not
giving cash or helping people wander money or any of those things like an exchange would,
because in a lot of ways, the ATM network is just like an exchange and so right now we're just working through some custom things so that we can actually
get Stacks and SBTC directly supported on the ATMs but their team is as excited as ever I think it's
really just a matter of waiting in line for the integrations that we need I won't name the names
but it's it's more on the compliance side that we need support for Stacks and for SBTC and those conversations are happening. I will say as it
relates to the SIP, that's one of the areas that obviously among many of the others that I think
is exciting or that maybe people don't totally realize when it comes to how the Stacks ecosystem
is resourced. The way that it works in crypto, even with a lot of household names you
know about, is even if they don't say they are, a lot of integration partners are pay to play.
It makes sense. They have to have a business model. It's not a knock. It's just how it works.
So that pay to play model means not only do you have to have the funds, but you also have to end up
