Stacks Campfire #4

Recorded: May 1, 2025 Duration: 0:26:57
Space Recording

Short Summary

The discussion highlights a bullish trend in the Stacks ecosystem, driven by Bitcoin's price surge and strategic partnerships with platforms like Zeely and Bitflow. Key innovations, including the launch of the biflo flex pool, are set to enhance user engagement and yield opportunities, marking significant growth in the crypto space.

Full Transcription

Thank you. Thank you. mic check
groups can you hear me
loud and clear jack
hey guys if you're just joining
do us a favor and share out the space
and we'll be getting started here soon
we've got some awesome speakers lined up today on a very bullish day in the Stacks ecosystem.
Looking forward to this one. Thank you. All right, we're getting our speakers lined up and coming in.
Sarubes, how's it going today, brother?
I know we had the expert space just a little while ago.
What's your take on today so far?
You know, not just the sweet thing, but when we look at Bitcoin,
it's looking like it's trying to rip right now at $97K.
How are you feeling, man? man i mean these are the days
you love right these are the you know the green days up um you know bitcoin pumping you know you
got bullish news coming out left right and center for stacks you know everything feels good um i
will caveat that with a with a thing of uh by the way this space is nfa it's not financial advice everything we
kind of going to talk about throughout this space is kind of just for information discussion and
that kind of stuff please don't take this as any financial advice um but yeah bullish um it's
looking good i mean just kind of was it four weeks ago bitcoin had bottomed out at like 75
um you know stacks was a lot lower almost since then. It feels very good to be here.
I imagine the Stacks team, I know the business development team there, the whole foundation,
Trust Machines and everyone else involved have been working very, very hard on all these
integrations. And it's felt like everything has come out. We've probably had, I don't know,
10, 15 big pieces of news in April alone. Bitfinex, BitGo, SWE integration, SBTC withdrawal, Zeely.
You could keep going on.
Stax Asia, having the first Bitcoin-based org in the Middle East, in Abu Dhabi.
You know, it's just been crazy, hasn't it?
How are you feeling?
No, you nailed it.
First of all, big shout out to the business development people at Stacks. They have been killing it. I mean, as we've watched, you know, this SBTC cap just fill so quickly.
withdrawals enabled and we're getting ready to, you know, start adding again. I mean,
we're watching Stacks mature at a rate that is just exponential at this point.
I actually saw someone post something earlier on X that I thought was pretty apt. It was a good way
to describe what we see happening with Stacks right now is that, you know, Stacks is basically
becoming the link of Bitcoin DeFi and, youFi, link in terms of the coin link.
And I thought that was a really cool way to think about it.
Okay, that's interesting.
Yeah, I can kind of see where they're going with that one.
But yeah, it is obviously proving that SBTC is this fantastic asset, obviously programmable,
can't get my words out, decentralized.
It's built on Bitcoin,
it's got the finality,
and obviously these huge chains also want part of it,
so it's really good to see the integrations popping up.
I mean, that's Solana, Aptos, and Zui now that are all going to have SBTC programmable on their networks,
which is huge and obviously brings a lot of eyes back to Stacks as well.
I think we're waiting for Diego and Brandon to come up but while we're waiting for Diego and Brandon
I think we're going to go ahead to Zeely. I think it's our tour behind the Zeely account
I believe. Welcome up. I don't know if you want to go through the kind of overview of
the integration. I mean it's a hugely exciting thing for Stacks and Zeely to have. It's going
to unlock a lot of um potential audience
there but yeah welcome and uh yeah go ahead hey guys yeah thank you so much for for having us
it's really nice to connect with the whole you know stacks crew here uh we've been working for a
while with the teams that are building on stacks like few names that i can mention i think was
bitflow is one of actually bigger
communities one of the biggest communities we have on zili so huge huge congrats to what bitflow guys
were able to build and then i think we have granite team and leather wallet as well so i mean
without them this wouldn't have happened so on our side we're extremely extremely happy to be
integrating and you know like i'll be i'll be honest uh zili team we are i guess we have a name in the in the whole community building web free
space right in the quests but our team is relatively relatively small so we do not roll out
those like deeper integrations like we did with stacks uh constantly so it was something that
we've been building for for a while together with with some
of the guys who i think are part of the speakers and listeners here so it's really really nice to
see that you know we made it happen and on the other hand as well uh congrats to the whole
ecosystem i saw i think in on my feed today that stacks as well have like a collab with uh sui so
you're going on the sui net so congrats on that
I think it's it's awesome it's going to be like a great great addition and yeah I mean in terms of
integration so I can cover basically what it does and correct me if I'm wrong but I think
zealy is the first questing platform which has theacks integrated of course maybe I might be a little bit wrong here
but from what I know uh maybe I did my competitor research uh badly but I believe that we are the
first one to to have and we're super excited and essentially what it allows to do like I mentioned
even before the integration we had some Stacks communities building their community through zealy running quests running
campaigns but most of them were focused on like social actions social interactions etc which is
a really good way you know to grow to boost your social presence but what this integration allows
to do is to to kind of take it a little bit deeper and reward the actual community members who are
you know long-term
supporters who are actually using the whole protocol the whole stacks ecosystem so for
example i think bitflow i i saw they already did a quest uh where you can get to xp points so in
zile everything kind of converts into xp points and it's like a leaderboard right but they are
rewarding people who are providing liquidity uh maybe if there's anyone from bitflow team here correct me if i'm wrong but that's one of the
use cases right so let's say you can reward people who are holding your token and if you kind of can
create a competition and if they're holding your token they can get some experience points for that
on the other hand uh now the users on like our own users.
So Zilli has currently, I believe, around 250k daily active users.
So each community who launches like a Zilli campaign gets access, you know, to those daily active users.
Why this integration is really cool is that because now you can set up your community this way.
So the person must connect a stacks
wallet to to your community on zili essentially expanding you know giving more people access to
the stacks ecosystem to the whole to the whole chain if if it makes sense what i'm trying to
to say here and once you have users stacks wallet address connected like then with our api quests like your opportunities are endless
here so you can use the linked wallet address as a verification method for the user to check what
they're doing on chain to check what they're doing inside your own app or dap and kind of reward it
so one of the examples that we have for example with one community who is on Zili is that they are rewarding the most active volume traders.
So, of course, most of the things like I always have this question, like, why should I do it on Zili?
We can do it, you know, in-house.
That's a solid and a really good question.
But what Zili helps is, firstly, you're saving quite a lot of dev time.
You don't need to build a front end.
You know, like dev time is one of the most valuable assets, think especially in web3 where the teams are not you know 50 developers
or something like that so Zilli solves that and then of course another part is that our own
community our own people who are on Zilli who are discovering new projects they see you and they
might kind of start doing quests and this way get on board into your project
discover what you guys are building etc so essentially it's kind of this this integration
allows for more on-chain activity rather than solely solely focusing on social aspect which
has been done before and yeah i think there is like a big campaign being worked on by the whole crew at Stacks.
So I'm in the loop a little bit, but I think guys at Bitflow, they have more, even more.
Bitflow and guys at Granite, I think they have more information how it's looking there.
But on our side, we're extremely happy to support.
And any Stacks community who wants to build on Zeely, test the tool. it's looking there but on our side we're extremely happy to support and you know any stacks community
who wants to build build on zealy that's the tool super straightforward now to start especially with
like on chain on chain integration where users can connect their stacks wallet and you can use it as
a verification method to kind of as an identifier we like to call it yeah Yeah. No, I think that's a good segue, too, because as you were going through it, talking about how integral Bitflow was into getting Zeely over here on Saks.
Diego, co-founder of Bitflow, is up on stage now.
Diego, man, how are you doing today?
I'm feeling good.
How are you guys doing?
I just joined, so I got a part of the conversation, but happy to be here. Happy to have Zili back as well.
Yeah, we've been a big supporter of Zili since 2023 when we launched our community.
And we looked around and we said, okay, how can we build this without, as Arthur has mentioned here, without having to do it from scratch?
And to this day, we still run.
We have 60,000 members on Zeely.
And many of the educational campaigns, activation, promotional, everything has been done through Zeely from a community side.
It's directly connected to our Discord.
It's how you get the roles on Discord as well.
So I'm happy that now we finally have on-chain.
We have been trying hard to get Zilli integrated with Stacks for a while
because now we can do all the on-chain stuff and validate that as well.
So I think it's a big win for the ecosystem.
I know there's a lot of great use cases.
And I know Zilli, you guys have covered a few examples of what other communities have done.
But it's all about rewarding and creating sort of a hub that is currently fragmented.
I mean, there's Discord, there's Telegram, there's Twitter.
There's Twitter, but there's no single place where people can go in and validate what they have been doing on-chain and off-chain as well, which is equally as important.
So we have been championing those users.
Many of our community moderators are people that are higher up in the rank on Zeely.
And that's kind of how we build the community from scratch.
So awesome, awesome to be here and
awesome to have zili on on stacks chain finally yeah and community so important in this space
and um you know so is tech and and bitflow has really been innovating a lot lately
and i know that you guys you know just dropped some some big new updates to bitflow
this week um what you got for us man for the people who might not be up to speed um especially
trying to keep track with with all the innovation that's happening right now on the network
in bitflow man what's what's new in in the bitflow neck of woods? What's the surfers up to right now?
So taking it back, we launched Beta Pool December 2023 was with StackingDAO. That was our first partnership, ST Stacks and Stacks.
So that was the first stable swap pool.
That's how we started.
Went on Maynet in January of last year.
So just over a year now. And we have big upgrades to the stable swap, which is very common. We based on the curve stable swap mechanism of similar price assets for an amm this is what we're calling uh biflo flex pool which is basically a variable midpoint
it allows the protocol to automatically update the price of these two tokens and it's important
because when we think of stables we think of one-to-one uh any assets sbtc to btc st stacks St Stacks to Stacks, USDC to USDH. But in reality, some of those assets are worth more than the other, right?
So one ST is Stacks because it generates yield is worth more than Stacks, a little bit more.
USDH is maybe worth more than USDC because it's also a yield bearing token.
And a simple stable swap pool doesn't really do its job.
So with the FlexPool, of course, that's what the name comes for.
You have a lot of flexibility on the side, on the user side as well, because you can now add one token.
You can add both tokens. You can add any amount. No need to match the pool ratio.
no need to match the pool ratio.
So it's not just single sided liquidity like we had before,
which was also an innovation launched
with the stacking down pool last year.
But now we have, you can do single sided,
you can do any amount, you can do both,
you can do whatever it is in a single transaction.
You can also withdraw, that's also coming to the front end,
but it is already set up on the contract level.
So you can withdraw, so you can come in with just stacks and then you can remove just st stacks and that
same principle applies to future pools as well you were talking with usdh sbtc pools and pbtc
you can also do early unstaking meaning like if you stake it for rewards, you can unstake it at any time. We have put a good treasury behind the ST stacks staking as well.
So at least 10%, 10% plus APY up to 5 million in TV unlocked.
And you can unstake that at any time.
Previously, the pool, you had to lock up your funds in order to collect LP positions.
Previously, the pool, you had to lock up your funds in order to collect LP positions.
Now it goes automatically, those rewards are automatically accrued to your LP position.
And then one of the cool things that we haven't seen anywhere is your staking rewards are actually paid out in LP tokens.
So what does that mean is instead of getting just stacks or C stacks, you're getting both tokens.
And that LP position is also accruing value because you're collecting the trading fees on top.
So it's sort of like a compound effect.
And it just makes it easy for the user.
They don't have to worry about claiming it, swapping, restaking.
They can just kind of hold on to that LP position and continue to earn the trading fees.
So, yeah, it's also automation ready.
You guys heard of Biflo Keepers a bunch of times.
Biflo Keepers is a bunch of smart contracts that allows the user to automate a series of things on the platform and on the ecosystem on
stacks as well as biflo and that is also biflo keeper ready so we're gonna you're gonna be able
to do all the restaking auto harvesting smart lp position balancing and all of that cool stuff
that's coming in the future so yeah so it's we have a migration going on so if you coming in the future. So yeah, we have a migration going on.
So if you are in the previous StackingDAO pool,
you can do a quick one-click migration.
We'll take care of everything for you.
And you're also continuing earning the 150% point
booster on StackingDAO.
You're still getting your BFF points.
Now you're getting at least 10% APY
amazing you guys are absolutely cooking it up over at Bitflow and obviously now
just kind of linking it back to the Zeely these actions are all verifiable
through the Zeely as well so people's on-chain kind of you know LP and swaps and stuff that can all be verified through the Zeely as well so people's on-chain kind of you know lp and and swaps and stuff that
can all be verified through the zealy as well i know just speaking from my personal experience we
we use zealy uh we've still got the zealy rock and running for the leo community and one of the
issues we actually faced is that we wanted to reward people for like regular buys or holds
and stuff and we were having to like manually ask people to put screenshots and some people would put old screenshots or not quite put the dates.
So this kind of integration is massive because it really does allow people
a lot more, be able to verify these things and actually reward people
for true activity, which is a massive, massive integration.
One thing I think for people just who may not know,
actually just directing this
back to Zeely account in the crowd, what actually does a campaign consist of? What does a quest
consist of? How do people actually get started and what kind of structure would that involve?
Yeah, I mean, I can go through it real quick. Just for me to understand, you mean like for
people who are
like participants like community members or more for like project who is building or more for like
uh yeah more for like a project to say like we've got some people in the in the crowd that might you
know be part of like a meme coin community or you know like a protocol like what how you know how
would they get started with a campaign or you know what in what kind of comprises that is it quests that make up the campaign or yeah i mean i can cover it cover it briefly so essentially when zili was created the
goal and i would say that's probably the main difference from other like questing questing
platforms currently currently have so usually when you expect a quest it's like five or six
specific actions that you want people to complete usually
like I can cover what is usually expected in a standard standard quest setup right it's going
to be like a social actions all of the follows joining the socials and then like one on chain
action and that's it and that's kind of your quest campaign not on zealy this is somewhere like
external like our competitors usually this is what they. And then if you complete all of the six actions, as an example,
you enter into a raffle. When Zeely was built, essentially the idea was not to do the same thing.
The idea with Zeely is to build like a longer term, sustainable community where you are running campaigns. And we call these campaigns a sprint.
So the setup is relatively similar, but we are differentiating.
We have sprint leaderboards.
So you can say like campaign leaderboards, and then you have the all-time leaderboard.
So in the all-time leaderboard, essentially you can see the experience points, like the
actions, the points your users have collected throughout
the whole lifetime of your community.
And it's really useful for you because, for example, guys at Bitflow, you've been building
your community on Zeely longer than I've been working at Zeely, right?
So it's over, definitely over a year.
So you can see on your leaderboard, like the top person who has been with you for the longest
amount of time right and then you have an option to reach out to them because for sure they're
gonna be they're gonna know what you guys are about what you're building etc etc so the all-time
leaderboard it kind of gives you an overview it's like a community whole community overview and then
inside of your zealy community you are able to run those campaigns
really similar to quests but i would say the main difference with zealy is and like the cool aspect
of it is that you're able to add new quests into your campaign whilst your campaign is running so
let's say you start a campaign which is running for 30 days and you are currently focusing on
social actions like for the first two weeks.
And people are completing those social actions.
They're like writing tweets about you.
They are following you on socials.
But in the middle of the campaign, you decide like, okay, I'm going to add some on-chain tasks,
and I want people to provide liquidity into a particular contract, as an example.
You're able to do it, and there is no limitations.
And, you know, you're getting a bunch of people
then completing that particular action
and competing on the campaign leaderboard.
And that campaign leaderboard is really straightforward thing.
It's like a time-based thing where people are collecting XP points
for completing certain actions that communities set up.
It's a really good way to grow your community.
So there's two things we
usually kind of say, try to explain that you are engaging your own community in the first place.
So let's say you have a community of 2000 people who are extremely active, but using ZLEEP will
allow you to kind of leverage those 2000 people that you have currently to promote you.
They become like ambassadors.
So like a lot of projects are using Zeely as an ambassador program in the first place as well.
Because you are kind of building a funnel for your existing community members to help you with a promotion.
with a promotion like uh user generated content is a big thing right uh they all join all of your
Like user-generated content is a big thing, right?
socials because you might have a person who is simply on your discord but they're not on your
in your pg channel and they're not maybe following you on twitter or not actively posting on twitter
this way you are able to kind of incentivize them so to say to take action and kind of actively
promote your project so you're leveraging your existing community.
And another part is our own Zeely community.
So I always mention that we have currently around 250k daily active users who are there,
who are looking to discover new projects, et cetera.
So you are kind of having the first part of the funnel,
the user acquisition part,
and then the middle of the acquisition funnel
into your community is where you're actually kind of driving them and onboarding
the person into a project. And it's really easy to onboard people into the whole ecosystem,
into the project that you're building via Zealink, because you're essentially, you know, the quest is
a way how the person can discover what you're building. Let's say it's a simple swap solution, but maybe someone has never tried it.
And instead of them going to, I don't know, like for EVM going to Uniswap,
they might try swapping in your platform because they discovered it through Zili.
And next time they might be like, okay,
I tried this and it makes sense and I'm going to keep on using it.
So yeah, just a little overview here,
but happy to answer any questions as well.
If any of the listeners have, you can shoot them here
or feel free to reach out to us.
And we are always happy to help to onboard
and the guys at Stacks as well.
What you already built is honestly really cool.
And there are some really amazing use cases
and i know that the campaign isn't worked so on our side we're really looking forward to it
and happy to support it in any way possible well we that's cool because we have brandon marshall
legend himself who also is doing some zealy stuff so brandon tell us what's going on and um
So Brandon, tell us what's going on and what's Leather up to?
Yeah, man. Thanks. Thanks, Jack. Hey, everybody. Yeah, we've been
definitely cooking on the Zeely side. Very excited to announce more in the very near