Thank you. Okay, we're just waiting for a few more people to join.
On this space tonight, we have NARIC, the business development side of TALOS, and joining
us will also be Stargate, which is one of our most recent partnerships.
We had an announcement come out just last week
with many different partnerships announced in one go,
and Stargate being one of the main ones.
How are you tonight, Narek?
I'm doing well. Thank you.
Can you guys hear me all right?
Yes, no, we can hear you absolutely fine.
It looks like we've got Henry up here too too from stargate how are you henry i'm very well thank you how's it going on your end
good good so henry is the community lead at stargate finance and like i said stargate is
one of the partnerships that we announced last week uh withos. So what I'll be doing tonight is I'll be handing the mic over to Narek to lead the
space and learn quite a bit more about this integration and what it means for Telos and
also what it means for Stargate.
Great. So happy to be here. Happy to talk about this new integration with Stargate. This was a lot of months of dedicated work between all teams, Stargate, Oku, with Bitco and Circle even. And so this was the culmination of a lot of conversations
and work put into it to really see how we can make this work.
And I would say I'm pretty happy with how we were able to assemble this all.
Telos has always been about performance, scalability, real utility.
And so integrating with Stargate really marks a massive
leap in that journey. You know, just talking about why this matters, you know, with Stargate,
we're not just bridging assets, we're also bridging communities, liquidity and entire
ecosystems. So it's not really a cosmetic upgrade.
This is a pretty structural upgrade for us
because it's going to be giving us direct access to 30-plus networks.
And so we tout ourselves as having a strong EVM.
And so this is really positioning Telos to be a serious hub for DeFi liquidity.
We've clearly had issues in the past with liquidity, and this is one of those upgrades that is addressing exactly that.
a little bit another aspect of this integration was that we we did work with uh circle and bitco
to bring you bridged usdc and wrapped bitcoin alongside wrapped eth and usdt so we are welcoming
these brand new assets to the telos ecosystem and these assets are you know global assets
global assets being used by majority of crypto users.
And so this means Telos users and builders now have access to trusted,
high-liquidity assets, unlocking deeper DeFi opportunities,
better trading pairs, and some seamless cross-chain value flow.
So thank you, Henry, for joining us. To kick things off,
could you share a bit about your background and give our listeners an overview of Stargate,
especially for those who might be hearing about it for the first time?
Yeah, for sure. Thanks for the introduction then, Narek. Pretty comprehensive as to why
this integration is extremely exciting for both communities here. To tell you guys a little bit more about Stargate and myself, I'm the community
lead at the Stargate Foundation. So I spend a lot of time working with core contributors to the
Stargate DAO and to the Stargate community. I help them produce community-driven research.
I make sure the bridge runs smoothly. I help people understand the ins and outs ultimately
of interop and cross-chain liquidity
transfer. So Stargate is a three-year-old DeFi protocol. It launched with this sort of slogan
to make cross-chain liquidity transfer a seamless single transaction process. Back in the days,
it was quite difficult to move liquidity across chains. And with the rapid expansion of sort of
the multi-chain ecosystem, what we like to refer to as the omni-chain network, we needed a sort of solution to move liquidity across chains
in a seamless single transaction process. And that's what Stargate sort of brought about in
the early days three years ago. It's come a long way since then. And, you know, building on the
three pillars that Stargate sort of innovated and brought to market, namely instant guaranteed finality, native assets, and unified liquidity. It has evolved and ultimately seen many instantiations
of new protocol upgrades with V2 last year, just under a year ago, and a whole bunch of features
that have come since then that really build out the network and allow users to move between one of the
most expansive liquidity networks in all of DeFi.
Really powerful stuff there.
You know, I remember when we first started conversations that TVL was around four to
And now you guys have kind of skyrocketed to over 1.3 billion, which is really fascinating to see.
And it goes to show the kind of this trust within the network.
So I'm really proud and happy to see that.
So do you mind walking us through how Stargate V2 and Hydra specifically enhance the cross-chain experience, especially for emerging chains like Telos?
And thank you for sort of mentioning Hydra there.
So Hydra is a key feature that launched with Stargate V2 in May of 2024.
And just to give a little bit of context about V2,
V2 brought about bus transactions, right?
Stargate became the ultimate cheapest bridge for most routes because of the bus feature.
And one thing we really tried to do is, you know,
speak with the community and as I mentioned,
get their feedback quickly and iterate
and give them new solutions and make protocol upgrades
that like enhance the overall solution here.
But to tell you more about Hydra,
Hydra is Stargate's bridging as a service feature.
And it launched, as I said, with V2. And it's built on top of Stargate's unified liquidity network, right? It's fully compliant with asset issuers. And what it does is it mints
bridged native assets on any chain that adopts Hydra. So in the example of Talos, with this
Talos integration going live about a week ago, users can now bridge RAPDETH, USDC, and USDT
into the Talos ecosystem, right?
Those assets are locked inside Stargate's core pools
on the Stargate protocol.
And then they're minted using the OFT,
which is the OmniChain Fungible Token Standard
And what this enables is a bunch of really cool features,
you know, including things like unlimited size.
You can move massive amounts of liquidity
via Hydra into Talos chains.
That's one of the coolest things about it.
And another really cool thing about Hydra
is sort of being able to move between Hydra chains.
So Hydra chain, there are 29 Hydra chains at present.
So it's a rapidly growing ecosystem of chains
that are connected to Hydra. And for
example, I was looking at the Stargate overview page just before the spaces went up and I saw,
you know, a couple of transactions going from Barachain to Talos or Hemi Network. I think it's
an L2 on top of Bitcoin, right? Hemi Network into Talos and back, right? And that's a pretty unique
pathway. I like to think of it as sort of like a highway for DeFi. I truly believe that if we are to succeed at having a sort of unified DeFi experience and being able to move liquidity between all of these different chains, as you sort of mentioned, global assets with deep liquidity, Hydra really builds into that future and allows people to, you know, take shortcuts where in the past they might have to have bridged back down to mainnet
and then back up and incurred multiple transaction fees and these sorts of hurdles, right?
So yeah, that's a bit about Hydra there.
Yeah, and this kind of was answering part of my next question about what makes bridging
with Stargate different for end users versus typical bridging solutions?
And I think you highlighted that.
In the past, I think previous bridging solutions are more like roads.
At least that's how it's been for us.
And now, in my opinion, I feel like this is an infrastructural piece that allows for multiple highways to operate,
piece that allows for multiple highways to operate, which means there's a lot higher
traffic that we can manage all within many, many chains.
And so, you know, with Hydra now live and Telos plugged into unified liquidity across
70 chains, what kind of impact do you see this having for users and builders in terms
of access to capital capital speed and composability
yeah i think you know i started to touch on it there when i was explaining hydra but
as i mentioned i was looking through the overview page on stargate if you flick to the third or
fourth tab at the top of the stargate front end you'll be able to see an overview of like flows
and volume and who's moving liquidity from which chain to which chain
and i think you you start to see that not only can talos move capital in from like the core
chains that people spend time on but new defy ecosystems that are gaining popularity and these
things happen quite quickly at times right bear chain being the most you know front of mind recent
phenomena in defy we're seeing lots of farming and lots of activity happening on DeFi, sorry, on Baruchain. And I think having access, allowing users to move in from those
places, like we believe Hydra goes to users in that sense, right? We don't wait for users to
come to Hydra. It's the other way around. And I think that's ultimately the UX that we're aiming
for with Hydra and Stargate V2 in general is just really having access to this
omni-chain network, as you say, unified liquidity, never any problems with respect to moving between
different DeFi ecosystems. So yeah, just a UX that brings it all together and really gives people the
possibility. It expands the possibility space of what can be done, playing around with different
open financial instruments within different
ecosystems. I truly believe that DeFi accelerates quite quickly and the pace and rate of innovation
can be quite hard to keep up with at times. And so you've got to have the infrastructure
to do that and to keep up with it. And I think Hydra is that solution. It is that infrastructure.
Yeah, absolutely. I think one of the core focuses of ours was really increasing our interoperability and accessibility. And I think know, we got to make sure that accessibility and interoperability
continue to grow in many different ways because we have the purpose of blockchain is really
to make sure that, you know, people that are debanked, people that don't have access to the
typical financial systems are able to utilize current technology. And I think that's
where the power lies in what we're doing here. And so I'm happy that we were able to kind of
establish this partnership and continue to grow in that direction. And so I'm curious, and this is
probably more of your opinion, but where do you see cross-chain DeFi going
in the next six to 12 months?
I know it's kind of been a little choppy in recent times, but given what we've seen before,
what's your take on where DeFi is going to go?
And I think we spend a lot of time thinking about it in the Stargate community.
I speak to a lot of community members in the discord about this so a big shout out to them and
strongly encourage members from the talos ecosystem and community to you know cross the community
bridge and come over and spend some time with us in our discord discussing these things but
my view is ultimately defy will continue to grow we might see some more institutional adoption
coming in through mainnet through ethereum uh through Solana, these sorts of well-established chains that might have ETFs and these sorts of things.
But ultimately, I truly believe that we have to also embrace more crypto native solutions and people that are building and innovating sort of architectural level to trying to improve
performance, which is something Talos has really been doing quite well.
And I think, you know, as I've said a couple of times, the theme for me with respect to
the future of DeFi is really allowing users to move liquidity between networks without
friction, whether that's in terms of how much size they can move, in terms of how much size
they can bridge, or in terms of which routes are available, right? And so to answer your question specifically,
I think the Omnichain network is really where I place my bets. And I think the Omnichain network
via Stargate is how I think, you know, I'll be moving value and how I recommend other people
should move value in a secure, seamless and reliable fashion.
And that's something that I think will continue to expand and accelerate going into the future.
Also, I think this is a good opportunity for me to hear a little bit more about DeFi. I've been
looking at some of your articles as part of this integration and looking at distributed proof of stake, Snarkt or Talos X, your native
decks and sort of this idea that it's community owned and community driven. That's something
I really like to push over at the Stargate community. So it'd be great to hear a little
bit about some of the hot dApps in the ecosystem. I always like to talk about where users can bridge
their value. Where can they go? What's a good place for them
where you'd recommend they move some assets as they head into the Telos ecosystem?
Absolutely. At Telos, almost everything is community driven. We always have
conversations in our chats. We're always eager to listen to our community
members and so you know I would say that that Telos currently is like the
culmination of community effort here that the strength lies in our community
so we're constantly listening and trying to improve and and grow in that
direction because I think that's where the true power is.
And so in terms of where people could be, what apps they could be using,
one of our latest partners is Oku Trade.
And they have upwards of like 3 billion, almost 3 billion in TVL.
And so that's, we are planning to offer liquidity
incentives. I think we're still working out the details and strategizing something that
is more long term and healthy, not designed in a way where people just kind of come to mind
or farm the incentives and then just leave after it's done. We want to make it something more
intuitive and something more serious that kind of compete with our traditional financial systems
here. So yeah, you know, some of our older protocols like, you know, Swapsicle, Meridian,
Symmetric, you know, we've worked with them a lot in the past. And so we continue to want to
grow that ecosystem. And this was kind of the latest step between Stargate and Oku Trade,
and also bringing in USDC and dropped Bitcoin. I think we're, we're really answering the community's questions on, on,
addressing liquidity. I see that, you know, our, our CEO, John joined,
I kind of opened up the floor to him to see if he has any points he'd love
Oh yeah. Yeah. Thanks a lot, Eric. First of all us. Oh, yeah.
Yeah, thanks a lot, Narek.
First of all, thank you, Henry.
I just want to say you've got a beautiful voice.
You should be like a voice actor.
I could listen to you talk all day.
But no, first, yeah, so thank you again.
I think this partnership with Stargate
is tremendous for Telos, obviously unlocking liquidity,
but to your point earlier, your question earlier,
and maybe some of the other community members
can talk about the existing DAFs in our DeFi ecosystem.
as far as trying to kind of turbocharge it,
you know, we've got a couple of different, let's say, core thrusts.
At the heart of it, our view is that, you know, Telos is this kind of like fairly small L1 ecosystem that needs to figure out a way to compete in this like massively growing space where we have competitors that have tremendous, tremendous resources that effectively run extremely large subsidy campaigns.
And so subsidies are difficult to compete with
and it's kind of like the only way you can compete with that
and out-compete that ultimately is through innovation.
ZK is obviously one of the kind of core technologies
that we're betting big on.
And in terms of bridging liquidity and sort of
connecting chains, you can sort of think about recursive proofs as one way to build,
essentially build trustless bridges. Okay. And so you get this type of ZK-based communication
protocol that can aggregate tremendous number of proofs. And in doing so, you can kind of like, you know,
interconnect a lot of different blockchains
and have them ultimately potentially settle on Telos
And then you kind of think about
the centralized exchange side of it.
And I guess even Binance just put out some news
in terms of their sex to DEX trades feature.
So integrating, you you know the exchange with with
the d5 ecosystem in more profound ways and that that also ties back to the zk side of things
because recently we also deployed eas theory mattestation service and our view is that you
know when you think about self-serving identity reputation systems that attestations are the key.
And so, you know, I spent a lot of years at ConsenSys and one of the first apps when Ethereum launched that we tried to kind of get off the ground was something called Uport, excuse me, which was a very rudimentary early stage attempt at enabling self-sovereign identity. And so you could kind of like establish canonical identity on-chain.
That canonical identity could have persona constructs.
Those persona constructs can describe you in different contexts.
Each persona construct can, you know,
can consist of a set of attributes or claims that you make about yourself.
And then those attributes can collect attestations from others.
And this kind of like constellation of attestations, attributes and attestations starts to form the notion of identity and reputation.
And that reputation is persistent, portable, and transitive, right?
And so you can have a persona construct that describes you as a gamer.
You can have a persona construct that describes you as a gamer, and maybe as a gamer, it's like your username, your top score, and I don't know which games you like to play the most or relevant data points.
And you can accrue attestations against those attributes, and now you have this gamer persona.
But then maybe in the financial services space, you need to have like your KYC persona, which is your real name, your birth date, your passport, proof of address, and so on.
And so those attestations may require a different level, like you go to a notary or a lawyer
or some government issued attestation service, and you collect a certain type of attestation
that may or may not be recognized, for example, by an exchange.
And so now as a user, you can use that persona
and those attributes and attestations
to log into various places without necessarily
having to reveal or trust that once you hand over all
your identity documents to a bank or some fintech app
that it's not going to then be compromised and moreover with this notion of kind of persistent
portable and transitive identity and reputation you know you can you can take it with you so
like you know you're let's say you're an airbnb host and you have a great reputation and now you
want to be an uber driver maybe it's not exactly the same thing, but the fact that you have a good reputation as an Airbnb
host may mean something, even if you start this kind of like unrelated sort of venture, right? Or
you have your identity attested to with KYC, you know, from, I don't know, somewhere in Europe or
in the United States, and now you move to Thailand and you want to like open a bank account or a brokerage account.
And you might be able to kind of just log into the platform rather than going through that cumbersome process again.
And so thinking about that in the context of Telos X and DeFi and liquidity and ZK proofs and kind of like this whole stack that we're attempting to build,
identity is ultimately going to be the thing that ties it together.
And so now you have this exchange and what the exchange is attempting to do is aggregate
liquidity from multiple other exchanges and serve that up in one place with like, let's
say a really user-friendly UI UX experience, wherein the user does not then have to go
through the cumbersome process
of onboarding multiple times with multiple exchanges,
having multiple tabs open, you know, and trading on multiple exchanges and so on.
You can kind of like offer that up in a smooth, you know,
kind of one place in a single kind of unified UX UI experience.
And so that's kind of like one value
proposition. But then the next layer to it is, and again, going back to what I said about Binance and
this sex-dex thing that they're doing, which I think is going to be the future, because frankly
speaking, you know, you can see that on-chain DEXs are starting to, you know, I mean, they're
starting to do tremendously well, right? And you sort of look at, I mean, there's a lot of speculation that finance is listing certain things because they're doing very well on hyperliquid, for example, right?
And so you can see that the market share continues to grow in the DEX space, which has come a long way, if you recall the beginning of Ethereum.
And we had EtherDelta, which was like the most painful experience ever.
And now we're kind of like absolutely ripping
as far as like the DEX space is concerned.
And so Telos X now gives the user
this simplified experience,
but then the Telos ecosystem has kind of like
a multitude of different networks.
There's sort of the L1 or the native layer,
we're gonna be launching an L2, which is ZKVM
and so on. And so what if we could then extend that KYC experience leveraging ZK without
necessarily revealing your identity? And now you can go on chain and engage in a multitude of things, including this burgeoning RWA ecosystem, while still being KYC'd in a pseudo-anonymous fashion,
where you don't necessarily need to have your identity documents shared with anyone.
Rather, you can just share attestations about attributes related to KYC that can give you access to these types of products and services.
attributes related to KYC that can give you access to these types of products and services,
which, you know, if you think about that, it kind of like starts to really even challenge,
and this goes back to that kind of innovation arc story, it starts to even challenge the notion of
a lot of these RWA chains, which are kind of like these permissioned environments, where oftentimes
you have to go through some type of KYC process to interact in that environment. And so, you know,
go through some type of KYC process to interact in that environment.
And so, imagine a scenario where you have a, it's kind of like real estate, right?
Everyone talks about real estate and tokenizing, I don't know, whatever, real estate assets
But I think the way that market is going to eventually evolve is based on attestations.
And the reason for that is because when you look at the DeFi ecosystem right now, everything is about over collateralized lending, right? You have 2x the amount of Bitcoin and against that you can draw, you know, some amount of USDT or USDC and then you can do things with that and so on. If you get margin called, you get liquidated, maybe not BTC, but RAP, BTC or ETH and so on.
liquidated, maybe not BTC, but RATBTC or ETH and so on.
But in reality, people buy real estate by taking out mortgages, right?
And so you have like a million dollar apartment that you want to buy in New York City, which
will basically get you a box that barely a human can live in.
But nonetheless, that's how it goes.
And maybe you have, you know, $100,000 as a deposit. And now you need to finance the other $90,000.
Well, what you could do in this context, kind of building upon everything I just described,
is you could have a true RWA, you know, DeFi platform where you have buyers, you have sellers, and you have lenders.
And so you have attestations that can come from government sources, whether it's whatever
the like, for example, in the UAE, they have the UAE identity pass, right?
Everyone who's in the UAE goes on the identity pass.
It's already a very robust system.
And that can be an attestation issuer.
And again, in the UAE, the credits for rating agency actually is from Etihad, which is probably
better known as the airline, but actually they're a massive conglomerate.
And they sort of they're like the Equifax or the TransUnion of the UAE. So they could issue
a credit score. And so now as a buyer, your identity is attested to, your credit score is
attested to. And so you can go out and you can browse this platform like you would on Zillow or
any other regular app. You find a property that you like, you make an offer, and then at the same
time, that offer is broadcast to lenders who would also be on this platform. And lenders could then
look at your identity profile, see that you have the requisite or commensurate KYC attestations,
see that you have a good credit score because it's been attested to, and then they can make
a determination about risk and give you offers. And then their funds plus your funds go into a smart contract that's encumbered. And then you could imagine an actual use case.
I wouldn't tokenize real estate, but I would issue NFTs against the land title or the deed.
That also goes into the same smart contract. And so now each month, you make your mortgage payment.
And if you default, then obviously the courts can remedy that as they normally would. But the funds and the title or the NFT to the title would sort, anchored in this self-sovereign identity concept, extending out to all the different Telos chains and other chains beyond that, really give us an opportunity to kind of leapfrog and build these types of truly on-chain DeFi, RWA, in the example of this case,
products and services without necessarily compromising on decentralization,
and certainly not on compromising user data protection and privacy.
That was incredible. That was a wonderful chain of thought there, John.
Honestly, I think we're really aligned. That sounded like a tour de force of the Telos ecosystem and roadmap and the
sort of vision that underpins what you guys are building. And I think it's fantastic. You know,
when you say taking some of these attestation services and the stuff that you're building on
top of the Telos layer one, you know, to other chains beyond just what gets built directly on
top of that sort of consensus mechanism, that blockchain, that execution environment. I think connecting everything is what Stargate
and Layer Zero, which is the general messaging technology protocol that Stargate is built on top
of, is where we're all about connecting everything, right? We often say that we're just here to connect
all chains together and create this omni-chain network. And I think it'd be really interesting to
explore some solutions for what,
you know, some of those things that you were talking about, some of those tools,
um, and techniques that you guys are developing over at Telos and that the
community is starting to use and ask for, and to try and bring them, you know,
to the Omnichain network and take them outside of the, you know,
direct Telos ecosystem, um, maybe through certain technologies that layer zero
They built an omni-chain non-fungible token standard to move these things across different
I think that's something that could be really interesting there to sort of expand and deepen
this integration and partnership between Stargate and Telos.
And I think ultimately super interesting to hear about some of those tools that you're
talking about i can't say i understand everything but i i'd love to know a little bit more about
where i could read into this stuff i mean i was looking at the telos front end earlier the website
looking through the documentation i'm wondering if there's any blogs or any resources to share
with the stargate community here yeah for sure we can uh we have a blog and stuff and you know we
can definitely put some of this stuff together.
And if you guys want to do AMAs or whatever with your community, I'm sure all of us would be happy to discuss.
And I would just kind of just real quick.
So one of the things that's very important, and this isn't a secret, right?
It's like if you want to get native deployment of one of the big stablecoin issuers, it's
going to cost you a tremendous amount of money, right?
I mean, it's just kind of like almost like exchange listing fees, although that will
get more and more commoditized as more and more stablecoin issuers.
And now that's kind of booming.
And so I expect more of that liquidity will be available.
And the way you guys are doing it is quite democratic in my point of view because you just provide access to liquidity.
You're not gatekeeping it for exorbitant fees, which I commend you for that.
But connecting everything based on ZK to ultimately unlock these kinds of use cases, there's some fundamental throughput issues, particularly with Ethereum and also another change as well,
that we're deeply researching right now. And we're going to be putting out some
more technical resources and documents about that soon. But that's kind of like one hurdle.
And I think we're very close to it. And that's a big thrust with respect to our
innovation arc. And then the other side of it is just the aggregation side, because
it's going to be recursive proofs
because ultimately, you know,
generating and posting a proof on chain is very expensive.
So what you want to do is you want to have one proof on chain,
which then kind of unfurls and contains, you know,
a very large number of proofs underneath that.
you can kind of like begin to break through
some of the like fundamental constraints with respect to cost and speed and so on and so forth
because the user experience has to be seamless like it can't be that somebody sits there and
waits you know 90 seconds and pays 40 dollars right to use a zk system nobody's going to do that
but that part of it i think would be one of the things that we could definitely try to communicate out more better, you know, in a better fashion, just because it is a
But once you kind of break through some of those hurdles, then a lot of this stuff naturally
And it all really goes in the direction of ultimately self-sovereign identity.
And of course, having tremendous amounts of liquidity available, which, again, you guys are doing a great job of democratizing that.
Yeah, I think this really highlights
almost everything we're trying to build here at Telos
in terms of from our infrastructure and DeFi
all the way down to, you know, the complete product suite here and what, you know, with ZK and Snarkter.
And if I had to explain it on how, what I understand from it with attestation is really, it's not just accessibility, but it's bringing real world usage onto the blockchain in a way that makes sense and efficient.
Because, you know, we're so used to, for example, using Apple Pay from our phones going to a convenience store.
But when you go to a doctor's office, you usually have to go and sign up.
And there's a long form that you have to fill out where, you know, almost every time you walk into a doctor's office.
And if it's a different one, you're going to have to do that form. And I like to think that what we're trying to build is the infrastructure so that you might need to do that form once,
have that on the chain. And then when you go to this doctor's office, you could just,
you know, give the permission of what you want to share. And that really is going to make the experience seamless and easier
for people. If you want to share sensitive information, you can. And if you don't want to
share sensitive information, you have that opportunity. That's really the true value in
what we're building on one aspect of all of this. And I think that really goes to show that Telos is really about the complete product suite here.
And I'd like to close at least my statement here that Telos really is built for scale.
And now with Stargate, we're liquid, we're connected, and we're ready for some serious DeFi volume.
And so I think with partners like Stargate, Circle, BitGo, OkuTrade, we're not hype chasers.
We're delivering real infrastructure for this product suite.
So really thank you to Henry and John, the entire community for being here.
for one question. I'd like to open up the floor if anybody has a question, they could raise their
hand or request to be on and, you know, hopefully we could answer it.
I guess while we're waiting for a question to come up, I can just say a couple words to close
I mean, it's been great to speak with you guys and have John up on the stage and hear
a little bit more about the Telos vision and how the business development's going on over
I think this integration connects Telos and everything that it might build going into
the future to a network, as we say, of over 70 networks and counting, right?
And it's not only liquidity.
we could see some of these attestation services
and all the cool ZK tools that you guys are building,
moving or bridging cross-chain, right?
And I think that's something that could provide
some new experiences for users.
I'd like to urge anyone who's into DeFi here
to head over to the Stargate front end.
It's beautifully designed.
And, you know, play around with some of the Hydra chains, right? Move, if to head over to the Stargate front end. It's beautifully designed and play around with some of the Hydra chains. If you head over to the overview, you'll be able to see
people moving liquidity between Hydra chain to Hydra chain. So as I mentioned earlier, going from
something like Hemi Network, like a layer two built on top of Bitcoin that is EVM compatible.
Not necessarily everyone's first chain that they'd go to, but there's definitely some
interesting DeFi opportunities that could be happening over there.
And then moving from there over to something like Barachain, which is all the talk right
now and lots of really interesting DeFi and yield farming going on over there and then
moving back into Telos, right?
It's quite a fun experience to be able to do something like that.
And yeah, I hope everyone enjoys it.
Yeah, absolutely. And I think really the fact that, you know, Telos transaction fees are so low,
this really gives an opportunity for people to try it out and test it out to really run it through its paces,
see how everything works, how fast it is, how efficient it is.
And that's really the beauty of it. I don't think we have any questions. So again, thank you, John,
for joining us and giving us a lot of your insight on everything that we're building here.
Henry, really appreciate you coming on and speaking on behalf of Stargate.
We're super excited about this partnership. We're excited to continue to
build on this and see what we could achieve together. Thank you to
everybody that joined. Hope to see you next time. Thanks everyone.