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THE DAILY ALPHAβ»οΈ
Recorded: May 31, 2025 Duration: 1:29:51Space Recording
Short Summary
In a recent discussion, key topics included the upcoming token launch for the loud pre-sale, the introduction of Paddle Finance as a new player in the NFT lending space, and strategic partnerships aimed at enhancing user engagement and yield opportunities. The conversation also touched on market trends and the implications of current price movements.
Full Transcription
Thank you. what is good tda fam happy saturday saturday saturday it's our saturday space we're running
this thing tuesday through saturday from 10 15 to 12 today
we started a little later 10 30. we have paddle fly coming by to discuss what they're doing on
bara and their lending protocol and i think they also have something uh called battle um paddle
fly which is kind of a game that uh helps you with what they're building so we're gonna get them here
that helps you with what they're building.
So we're going to get them here
and we're going to discuss that also.
But just a reminder for everybody,
early supporters,
the TDA itself will be changing
to a new time starting on Tuesday.
It'll be starting at 11 a.m. Central
and we will be going for one hour
instead of one hour and 45 minutes.
So just want to remind you
that next week,
you're going to be starting 45 minutes later.
If you guys want to keep track of that, I've just put notifications on the daily alpha
and we will keep you guys updated.
And once we go live, you'll see a notification saying we're live.
So we appreciate you guys.
And Allison's Threads pinned up top.
Yesterday was a banger show.
We had a lot of alpha.
Chief was on the airplane.
I continued, you know, as long as I could.
I think I lasted to like 1145, 1155. So was on the airplane. I continued as long as I could. I think I lasted to 11.45,
11.55, so I did my job. Chief's back in Dallas. He's back. How are we doing this morning, Chief?
You back, brother? How's everything going? Getting settled, getting unpacked. You probably have jet
lag. You probably don't even want to even be here, but we appreciate that you showed up on Saturday,
brother. It's tough traveling and doing all this stuff, man. So it's good.
I mean, it was only an hour ahead or two hours back or something.
So it's not too bad.
But yeah, I just had a nap yesterday.
And so yesterday was more or less out of commission once I got home.
But yeah, already ready, set up, and just working, man.
Let's go.
It's hot.
Yeah, it is starting to get a little hot.
I know that rain is finally gone.
We're in the 70s, but looking into next week, we're getting into the high 80s and summer's starting.
So I'm back.
We're back in the summer.
It was been like 60.
It's been like, I think last weekend was the coolest Memorial Day temperature in St. Louis since 1984.
So that is not great, but I enjoy that kind of
weather. I'm kind of like that gloomy weather kind of guy. I like the San Francisco kind of weather
where it's kind of gloomy, hoodie weather. That's kind of my weather. When we get hot like this,
I'm like, I got to take off my shirt, bro. So that's the way I am. I know in Dallas,
it gets like crazy hot it gets like 110 so you can't even go outside without melting but
it gets like crazy hot. It gets like 110. So you can't even go outside without melting. But
it's been a crazy you know past 24 hours obviously we have the loud pre-sale that's being delayed here
um capitulation on the timeline um i don't know what's actually going to happen if they're going
to push it back till tomorrow or whatever's going to happen but the first thousand wallets
uh that were eligible on the leaderboard were able to mint for 0.2
sol.
And then after that would be first come for sure.
I think 25,000 wallets were eligible for that.
But if it's over allocated, I think it goes down to a 0.05 sol floor price or something
like that.
So that's what everybody's waiting for.
If you're looking at pre-market right now, it is down to like 45 million uh 45 cents which is around 45 million market cap
which kind of this delay you're starting to see like the capitulation of the price
uh the timeline's empty no one's really talking about it anymore and it kind of gives me um
vibes that people are just waiting to dump this shit especially on a weekend where the market's
kind of capitulated no one actually knows what's going to happen on monday maybe these people take the free money and walk away i don't know bro what do you think you
think this is something that lasts longer than the weekend or do you think this is kind of like i think
it has a week i think it'll have a week in it i mean those top 25 are going to want to taste that
no matter what right once this is live it doesn't matter what the other 900 people that are getting the airdrop through the
top 25 which are the loudest people on crypto twitter evidently are gonna push that to make
their bag right so i don't think the delay does anything i just think everybody's now just stuck
to their seat whether if you have plans to claim and then you know play the token or or dump a
little bit and just write it out like now you're stuck to your computer
um so everybody's just kind of pissed i would say and just waiting on that i would maybe if you didn't get allocation to any of this open up a little soul long right i mean i think that that
could be a decent play um as people need to buy sold to swap into this token or anything like that
or as we always tell you guys you can
open up a like a pool right deposit your bread into a liquidity pool once you claim your tokens
or once you buy and play that side of this too so don't think there's only one way to play every
time that we say that a token or a pre-sale launches there's people that make money in
various different i guess you could say sectors of the same asset,
right? So some people are going to go straight to Meteora, pull this shit up and start cooking
that way, start farming liquidity pool fleas, right? And then some people are going to try
to do perps on the actual underlying base token. So just something to think about if you don't have
any exposure right now and you're not going to get direct exposure to loud there could be just different ways yeah and i mean like it's not even live yet and we've had just crazy uh just talk
about it on the timeline for people farming it to get on the leaderboard and you saw like the
cato leaderboard uh was just like all loud and we haven't seen anything like this and a lot of it
was just people trying to farm their drop but once we started getting real numbers attached to this leaderboard, there's a whole nother marketing
fucking spin that's going to be going there. And there's a whole nother thing to talk about,
like, can like, just like what we saw the week pre-sale, where you went to the leaderboarding,
like, oh, this person sold, and they could have made $75,000 that they hold. So I think the
leaderboard is something that's also going to be used as content,
which is going to drive a lot of attention to it based off like how much someone put that point to soul
and how much they're really making right now and how much the top 25 is actually making.
So once this goes live, now you're starting to put real numbers to things
and then that kind of creates some FOMO and shit like that.
So I'm kind of interested to see like that kind of i just
don't think it's just a typical pre-sale signature when we see i don't get the i just didn't understand
the algorithm or how these this was even i guess um found through kato right i mean like me for
example i did the one post for this uh before the campaign went live and i mean it got mid
engagement i'd say like 30 likes or some shit right but then yesterday you told me i was in
rank 800 and then i did another small simple basic post yesterday i think i like 20 some likes right
just some simple low mid engagement and yet still qualified for tier one and then i've seen people over let's just say the
last three to four days whose whole timeline post has been nothing but loud and just doing you know
going over the top for this uh i mean i think i saw rasang say that she managed to get like 200
yaps like actual kato yaps and didn't break into the top 1000 for loud right so i don't know
how that algorithm worked i mean i doubt they're gonna share it but it is just kind of i thought
i mean yo really i think that there's less than a thousand people here period and a lot of these
people just disqualified or incorrectly uploaded their wallets right that was an issue too is that some people try to put their
soul wallets and uh it put a lowercase everything lowercase right and apparently soul is case
sensitive for addresses unlike eth and then same thing too some people try to connect fandom
wallets and it was trying to pair their eth wallet and so it would save just an eth wallet versus a soul one so i mean if you guys listen when we first brought this to you i and it was trying to pair their eath wallet and so it would save just an eath wallet
versus a soul one so i mean if you guys listen when we first brought this to you i think it was
almost a week and a half ago before loud even started uh i told you guys to just put your soul
wallet right because we missed the kato airdrop for the east side like i checked out the page and
i just didn't put my wallet more than half of us did. So GG's, right?
I mean, this should be nice regardless of where you land on this, but I think that the top 25
will push it. It's just a curious to see how this algorithm worked. Right. Cause I think that that's
the main thing that everybody's even wondering is how did the yap shit work? How does Kato
aggregate this data? And I don't, can't understand how we're saying could get yaps and not loud on the leader
board you know that just didn't make sense when it's the same yeah i don't think anybody actually
understands how cato calculates their yaps that's kind of like a mystery but you you pretty much
identified it uh with what you just kind of your thesis right there you were early you talked about
it before everybody else talked about it so So that obviously ranked you higher on the leaderboard than someone that got on it the day everybody
talked about it. So obviously the algorithm favored people that talked about it last week
that connected their wallet and basically nerfed people that basically got on it when it became
popular. So it's just another case of being on the pulse and being early to things in crypto
pays off. Like when you're late
to the trend, you don't get rewarded every single time. And this is just another example of like
being here, understanding what's going on in this space, understanding where the metrics are,
where the attention's flowing and seeing this is the next opportunity. All you had to do
was create a post about it last week and maybe get 20 likes on it and you made it into leaderboard.
Chief made two posts and made it. And then I hear people on the timeline,
oh, you had to spend your everyday living thing. Ever had to do it all day. Had to sacrifice your
whole life. No, if you were late, just like if you're late to a beam coin in the trenches,
you get punished. Just like with this, if you're late to this, you got nerfed and had to try extra
hard. So ultimately the algorithm rewards earliness and crypto rewards earliness.
So that's kind of what happened here.
So that's everybody that followed through and got on that last weekend.
It was pretty simple.
I mean, Allison was in the top 300.
And you know why?
Because we brought it up last week and our threads mentioned it.
So look at how high she got basing us talking about it on the show last week.
And maybe two or three threads in a row talked about it because we were informing you.
And she got all the way up to rank 300.
So being early to this whole thing was the meta and kind of the alpha for this whole thing, right?
So we try to help you guys.
But, you know, we're not sitting here trying to pound the table.
You ultimately have to press the buttons.
You got to stop being lazy and actually try to go out and do this stuff.
Like we could sit here and talk about it three or four days straight and you
could, you still won't do it.
So it's like ultimately comes down to you.
If you want to make money or if you want to, you know,
venture into some of these spaces that you're not familiar with.
And that's ultimately the opportunities that we kind of given you the past
three and a half years in the daily office.
So there's more proof in the pudding.
Legendary basically found this guy Canelo and he said, found a list of 25,000 wallets for phase two
first come first serve sale of loud by the stay loud. Out of curiosity, I wrote a script to check
the total soul holdings that could potentially be used to ape this loud. These 25,000 wallets hold 76,000 soul worth $11 million.
So, yeah, I mean, that's a lot.
And then, obviously, they kind of talked about how only 25K of the eligible wallets for phase two for the loud presale.
That is not a lot because the K2 users with linked sold wallets plus 10 smart
followers are all eligible for this phase so i saw there was over like a hundred thousand people
ultimately were eligible but it kind of got narrowed down and then it kind of eliminates
75 000 of these wallets and now there's only 25k left based off smart follower and not putting the
right addresses in and shit like that but having those 25k wallets holding up to 11 million dollars uh kind
of seems like those are the people interested and will probably buy more on secondary which is kind
of a lot of liquidity kind of be sitting on the sideline not saying all those all that soul is
going to go into it but that's a nice little uh like who's going to buy right like with a lot of
these pre-sales you're like all right who's going to buy on the other side well these people are in
phase two are looking probably looking to spend some of that soul into this pre-sale.
So there is kind of looking to be demand there on the other side.
That's interesting, man.
But yeah, you're pulling a Resings thing.
I still don't even know how Yaps qualify.
Obviously, it's been talking about stuff on the leaderboard,
but some days are better than others.
I think some are actually delayed.
On days where you look at, you have top Yaps, and you're like, I didn't even post anything.
And then I think it's maybe a little bit delayed.
Maybe the yaps count from two or three days before and shit.
Ultimately, now this is over.
I mean, Chief, what do you think would be the best thing for Stay Loud to do?
You would say, all right, pump it.
Let's see what all this stuff happens. then the initial fud will happen and then if this iao meta continues
which it will there'll be more of these probably some kind of iao well attention with an initial
attention offering oh i mean that's on the stay loud that's what i mean that's just that's just like a token
but it's still just tokens right it's just like icos but iaos it's like you know yeah but the
attention is a token yes i get what you're saying but at the end of the day it doesn't change
anything it's still like a token offering right we're just trying to put fancy words yeah they're
just like it's a little bit different you're like obviously a warning a warning like eliminating whales and some of this stuff it's it's fair based off like you know
smaller communities smaller people can get in typically icos you have to be like a vc or have
a lot of money to get in those so it's kind of like making this more suitable for retail but like
if this continues to be a meta and there's going to be more and more of these if i was the loud team i would probably say hey stake your loud and you will be in the next leaderboard for the next one that
launches similar to how we saw cat and wink those kind of if you held those then you were basically
eligible for the pre-sales for the next allocation this is already powered by kato
i'm going to imagine there will be more just like this powered by kato and no exactly so kato would
be what to stake and do not necessarily loud you see what i'm saying kato is going to get the direct
benefit to all of this there the stakers are even going to get some of the loud token just for
staking kato so if you're going to go yeah i would just imagine projects would also like reward like
some kind of like there was some kind of dashboard that he put the guy this guy's a vibe coder and obviously he's a programmer so i would imagine he creates some website where
there's staking feature where you know these projects might say okay we want these people
involved they have a lot of money um if you're in the top you know thousand stakers of loud
you'll now get you know an allocation to the next one of these so i think that's kind of the card
they're holding against their chest they're gonna let the fud rain out the token runs off of trading fees like that's
the thing you want the token to be moving hands you don't want it locked up if it gets staked
no one's making money if you're it's also if it's staked and it's not being sold either
no but you're not making money the only way that the token appreciates is through trading fees
okay so you don't think there's going to be staking involved with this you think it's just No, but you're not making money. The only way that the token appreciates is through trading fees. Okay.
So you don't think there's going to be staking involved with this?
You think it's just a regular...
Well, I mean, it's a burn mechanic.
There's a 4% tax fee that gets used, and that's what is used to buy back the token and burn.
Do you see what I'm saying?
I mean, maybe there's...
But, like, the smartest thing is not to set up staking because the entire flywheel is people buying the token and selling the token,
and the fees are what
make the token go up if no one's doing that then you just got price depreciation I mean you got
almost a similar situation like shit you're seeing in Barra motherfuckers are making money
without having to move money so all the platforms that are based off of fees are getting cooked and
fucked off right so any model that you had that was based off of fees is now ruined because money is not
flowing through your chain it's sitting on it so i mean their flywheel is set up to be a fee-based
thing that's why their tax is so high four percent is relatively high for a shitter
um so that'll be the more interesting part is will people want to pay the four percent or are
they making enough money on every trade that they can take these haircuts over and over and over uh and you know knock them out bald
sure sure i'm just trying to think of dynamics that they maybe announce
after the initial kind of solid or kind of the initial drop of the price because they get people
well the 25 that's the whole thing they don't want to do any this model is not designed for them to be involved it's designed for the top 25 to drive the price because they're the ones that
are ultimately getting paid does that make sense like it's it's technically hands off from the
foundation itself and it's a so a literal social experiment because if me and you are in top 25
we're gonna talk about it every fucking day bro they don't need to do shit me and you
are incentivized now because we got quote unquote a million on the line to keep talking about this
until we get whatever you know so i think that that's the beauty in this flywheel is that they're
trying to make it to where you pay a marketing spend maybe once up front and then you set this
up and it just works on kind of not community ran but
ultimately like incentive ran right it's if i'm in the top 25 i need a one stay here and two i
want to keep talking about it every day and get other people hyped because that's the only way
that they make money if they convince let's just say someone else to buy the token and then those
fees generate price action so i think that's the ultimate social experience in this is if they can
actually complete this without their interaction then it's a success you know yeah do you think
there will be other ones that use kato to do the same thing yeah i mean that's what i originally
my thesis is like loud was just probably the first and they can do this model again right it's just
another method of distribution and another method of i would almost say like a
whole new marketing avenue right i mean you have the cato leaderboard but then if you actually want
to do a social experiment to find your brand champion so to speak i mean this is ideally to
create brand champions right it's not only a acquisition model but it's a retention model
for those that are doing the recruiting and the acquiring. So
if it works, it kind of solves the actual flywheel of a business. So anyone else could go,
okay, maybe I don't want to spend a hundred K on the Kato board. I'd rather spend 150 on loud
and come out with a group of 10, 15 brand champions that are gonna just basically carry the fire
and the torch for me and with me, you know?
And then I can just add fuel to that fire
with incentives, et cetera.
Or I can go the Kato route and maybe you just want spread.
And Kato's gonna give you a bigger spread for 100K
because it'll be a pool.
Anyone can yap about it.
AI slop will count.
Anything will count count but you'll
get your message out to more audiences so to speak so i think it's good just a more targeting market
approach and uh a social experiment to like the literal t right because it all depends on us
whether because if no one buys the token bro the top 25 don't get paid no one gets paid so that's the whole
thing too it's literally a social experiment do you think this works without kato like you maybe
see like a competitor to kato like nansen or cookie.fun do this and it could is it this all
just powered based off this is being like built or like they need kato to do it they don't need
kato but why would you not utilize kato's
distribution method for claiming tokens and all that kind of stuff that makes life i mean
infinitely easier for you you know like me and you come up and we just say yo if you have a kato
account just go on their page there's a claim right there for a token offering that we have
you're already selected we ran your data we ran your kato yaps against your ethos score
and we realize you're not a piece of shit or whatever. You're not a dumper and there you go
You know, so it's like that's more or less what's gonna happen
It's just this ability to aggregate all these social flies and info flies together and then
Basically give you a crypto credit score so to speak
And see if people are gonna want to fuck with you or not based on a plethora of just three different metrics you know so i'm just thinking like what i mean
obviously i think this is going to be like the next meta for the next two to three weeks and
i'm just thinking like do they all all these kind of things need to be built using kato or will
other platforms try to you know pivot maybe that wall i think the only one that's close would be that what is it the wall
chain quacks because they actually have a decent backing and um i think animo is behind that and
they're all just pushing that in so i think maybe them they have a similar info set that they could
offer these kind of services to or maybe even cater specifically towards custom claims and just uh
direct distribution but yeah you just need a
lot of data right and you also need the foot traffic to back that data up so ultimately maybe
there are different platforms but at the end of the day if you can tap i mean kato's kind of like
google right now right they're dominating it they're the giant with all of the info i mean you
can try to be yahoo msn and all that all you want duck duck go but at the end of the info i mean you can try to be yahoo msn and all that shit all you want
duck duck go but at the end of the day i mean just google it as a term right so right now it's like
oh are you on kato are you on the kato leaderboard kato this kato that that automatically gives you
almost a seal of approval as well yeah i mean if this is the next meta you just better uh start
implementing the mute button on your timeline because it's just going to be the next one.
The next one's going to be like Fuddable or Fuddio or some shit.
And the more you Fudd, the higher you get up to the leaderboard or some shit.
So if this is the next meta, you guys just know what we just saw with the timeline and just announcements in general.
Projects were being punished for announcing this week because loud was just taking up the whole leaderboard
and taking over the whole timeline.
So if this becomes something that more and more projects
and more and more people are gonna start doing,
you're gonna see your timeline,
like ultimately unusable.
Maybe get an alt or maybe just start using the mute button
because it was really hard this week
to even try to find things through all
the noise with the loud things so just i guess and that's ultimately like it is all based attention
and so yes projects did get you know didn't get their you know i think there was arbitram one
there's a magic eden one but just announcements in general kind of got pushed to the sides for
this loud thing so there's a lot of things that happened that are like mispriced attention in
general that you could possibly get in now um they know there'll be upcoming airdrops or just
upcoming uh acquisitions that are probably mispriced based off no one even concentrating
on the timeline and that was kind of what i was i know you mentioned the ross albright thing but
just the moonbirds getting acquired by spencer ventures was something that i thought was pretty
a big announcement based off just spencer's backing was something that i thought was pretty a big announcement based
off just spencer's backing from yeah that was yesterday this is just something that happened
that was interesting someone paid over a million dollars for rice uh ross's prison id 11 bitcoin
bro are we are we is this is this worth it i just don't see it, bro. Yeah. I guess, dude.
I mean, you could, like, date that back to what the Bitcoin price and, like, 11 Bitcoin when he went into jail was probably $11.
I mean, I don't know. I think that that's kind of wild.
And, I mean, look, as someone who's been to prison, I walked through and looked at that shit.
That was nothing special, bro.
Those are just regular prison clothes.
I mean, if you like the
person that was sweating and balls were in there that much like i get it but there was nothing
special simple gray jumper regular laundry bag with his fucking name on it you know what i'm
saying like it was absolutely just standard issue prison shit definitely not worth millions of
dollars um i get it like if it's for i mean maybe history or i don't
know if you got a foundation if you're gonna write this shit off if i don't know but it's nothing new
and special it's just standard prison shit with his sweat on it so maybe that's a little weird
do you still have your id card no well i was saying you may save it and then you know like
if you become big this big crypto guy in the next 10 years,
maybe you can do the same thing and make 11 Bitcoin off these fuckers.
So yeah, just save all your artifacts, guys.
Save your NFT t-shirts.
Save all this stuff.
Like in 30 years, you know, it's going to be valuable, guys.
Like look at it.
Look at it.
Ross Albright's fucking ID card is now worth 11 Bitcoin.
And he probably, that was probably worthless
probably like even seven months ago i mean is this all going to him this 11 bitcoin go to him
or is it going to some foundation no it goes to what's a combination of him it gets uh scarce
dot city gets a percentage and then he also has like certain foundations and stuff that he donates to so i heard i heard there's rumors of silk road 2.0 bro i don't think he's gonna do that bro
he's not going back down i mean he he even got footed on stage um by all the the laser eyes
because he was just talking about i mean he's he's a bright eye starry eyed let's just say kid
you know i mean he's been locked up all eye starry eyed let's just say kid you know i mean
he's been locked up all his life so when he comes out he saw bitcoin at ten dollars three bucks
and then now there's literally he talks about he's like there's defy there's wet three there's all
these different cryptocurrencies and i mean you're at the bitcoin conference right so you got all the
maxis and it's like to him that's all novel dude i mean he dreamed
of being able to you know interact a million or a thousand times in one block like this is all
that was literally i mean a myth back in the day especially the way bitcoin was and so rudimentary
so i mean of course he's bright-eyed he's eager he wants to look and learn and figure it all out
but yeah he was getting more or less like shitted on on the timeline and stuff like that,
just due to the fact that he was interested in something else, right?
Which, I mean, makes 100% sense, because this was all, like I said, a dream.
Can we get him to change to an orange eye already? Jesus Christ.
But yeah, I mean, I I was gonna get into just the
Moonbirds exposition I mean Ugas had it they sold it to Spencer they're basically now just have
something they even said that we're got something special being built so it's just ape chain uh
they see and then now other side is basically what they're all focusing on. But Spencer, just in general, is probably, like of all the NFT founders right now currently standing, probably one of the more qualified ones.
I mean, he was a big reason why people started buying budgies.
I remember it was Champ and K Money had a podcast at Art Basel.
And it was Frank and Luca.
And that was kind of the introduction.
And then Spencer was on the Nifty Morning Show back in the day.
And I remember EZ and P.O. all coming back saying, guys, buy a little Pudgies, buy a little Pudgies.
And Spencer was a regular.
And he, his venture capital firm, was the first ones to basically go all in on Pudgy Penguins at that very, very low price that it started at.
And he's also been a big investor into D-Gods,
and he's a big reason why a lot of people were comfortable buying D-Gods
when they were going to bridge the ETH.
And now he basically acquired Moonbirds.
And they got that deal, the liquidation Pudgies, right?
I think his entry on the liquidation Pudgies were, I think,
a little bit over
three eath almost four eath and he picked up at almost 90 or some shit like that so it was a it
was a good play right when everyone was in a sense scared and oh what's gonna happen when all these
get slammed on the floor to be sold xyz so yeah i mean he's he was a big reason why a lot of these people were were like bullpost and buy
pudgies in 2022 uh december of 2022 at art basil he's like oh he's buying a lot of them this and
that and it made people comfortable all right this guy knows what he's talking about and i've
listened to him multiple times of why he invested in the pudgies and why he invested in the d guides
because he was very like articulate it's like they have a vision. At least they have something that they're trying to build.
And so this guy understands NFTs.
He understands business.
And this is very similar to like the Luka acquisition.
Like he's buying something that's fully diluted.
You know, Luka bought Pudgies.
He bought little Pudgies and he bought ROGs.
And with Moonbirds, he's buying Moonbirds,
Oddities and Mythicals. So it buying moon birds out of these and mythicals so it's
basically the kind of the same playbook and it's already fully diluted and so there is going to be
no you can't scam dilute and make money anymore so what about those chucky cheese ass talent tokens
oh they got talent tokens i don't yeah they can keep those bro vaporware ass shit they're on the
timeline the other day talking about that.
Talons emissions.
And I was like, bro, Chuck E. Cheese wants their coins back.
Shit.
But I was listening to him on his space yesterday.
And he's super fast.
He loves the Mythicals more than anything.
And he says Mythicals are the alpha.
And the Mythicals are basically the cheapest entry to all this.
I think they were like .05 when he talked about it, I think they're at 0.07.
He says, there's so much to do there.
And basically he was just bold posting that we're just going to deliver,
deliver, deliver. And he's like, I'm, I'm a trader. I understand. If you know,
if you want to get out of the collection, great, get out of the collection.
If you want to be part of the collection, want to build with us,
like this is your perfect opportunity. So I see a lot of people on the timeline,
you know, like I would imagine of people on the timeline you know like
i would imagine this would be the you know like nothing can save moon birds i felt like that was
probably the since on the timeline when luca bought pudgy penguins too but like if you are basically
investing into builders and people that are connected and people that have a lot of money
and have already built other things like ocap games i think spencer is actually probably one
of the most qualified entity founders
we have in the space right now and he's not scared to use his money or be uncomfortable right and i
mean on that note too ocap games for those of you that don't know they're the ones that make all the
physical cards that pudgy penguin does right so pudgy penguins has a tcg uh trading card game
and they already did season one of the booster boxes right those first editions
they recently just dropped season two um this is basically a company that works in tandem with
igloo inc and pudgy penguins and they're the ones that are getting the licensing and actually paying
out the pudgy penguin holders to put those penguins on the cards themselves right and that's
all powered by ocap games and spencer ventures so
kind of all lines up together and i mean whether you agree or not there's 400 sales on moonbirds
in the last 24 hours it's up 74 percent moving 210 eth worth of volume um topping crypto punks
mladies good vibe clubs uh apes kato everything just top of the leaderboard
in general of just overall growth and then uh oh floor price sitting at a point um sorry i4 uh
0.51 yeah and then mythicals 0.07 i think it was i don't know give me one second is it just
called mythicals?
Yeah, Mythical.
I think they were like, well, I looked this morning.
They're like .06, .07.
I mean, when this announcement came out, Moonbirds are like .38.
And I was like running into the disc.
I was like, this is a buy.
This is a buy.
This guy's fucking legit.
Like, I just can't see these being under one E's, to be completely honest.
I mean, the guy is connected.
Yeah, .07, Moonbird Mythics.
So if you're listening and
you're trying to go find it look up mythics and there's also eggs for those of you guys that
don't know also interesting thing too it's like these were paired right almost i think one to one
to your bird wasn't it so if you want to go out you can probably find a rare mythical that's paired to a moon bird, right?
And that someone, you know, isn't pricing correctly.
So find a rare moon bird, then find its mythical pair.
And it'll probably be a cheaper entry into a rare.
Yeah, and I've heard Wob kind of mention this.
When you're dealing with pixel art itself, it's really hard to build like a brand and ip just because things are just too
blurry and it's like there's not a lot of distinctive between the two but the fact that
the moonbirds have that like little crossover feature where you could move it from the pixelated
version to the other version and then the mythicals themselves are just like art in general
i think that kind of lines them up if they wanted to go down the ip route like luca did
they could do that but i'm kind of like running into like is this still cco like can they do what pudgies did if this is
basically labeled cco i know maybe they did they get rid of cco i think they did i think they got
a lot of feedback it's like now you own your ip so yeah it's just very interesting and this kind
of makes me think like what's the next collection that's going to get acquired and i think the past of the two that everybody talks about is kaijus and invisible friends it
might be the next two i don't know who would actually have the same kind of bullish backing
that spencer does i can't really think of many people in the space maybe um i don't know some
influential people maybe ico beast or something i don't know but i just i just don't like i think this is just kind of
similar roadmap to pudgies and this is the kind of stuff as people in the trenches we see all the
time like you we've been here we understand these people and like you know that these are builders
the people that are just showing up to space don't know anything about spencer and like this kind of
reminds me of like when we had like the ethereum breakup and when we had like cardano and we had polka dot like
the same kind of thing happens like oh these people that are here knew who these people were
and like backed their new projects and i think that spencer is someone that if you've been here
for a while you know who he is you know his back you know he's a legit person and now you're just
betting on that you think that he's going to deliver it and from his previous you know experiences
he's done that every time so i just kind of think this if you are looking at it in a t collection under one eth i think this is a fucking flashing buy right here like 0.5 dude
so i haven't bought any i think mythicals obviously might be something more attractive
when he's basically bull posting like this is the alpha if you want you know i love these these can
do so much so i think if you are looking at it i actually think there's a cheaper uh cheaper
version that might actually have more upside is those uh mythicals at that 0.06.07 eth instead of spending 1300 on a moonbird
so i know it's pretty bullish yesterday on that so what do you think you think it has i think it's
over i think it gets over one each i mean we got doodles at one eth like why couldn't like way way
better backing than doodles so that's my opinion but i could be wrong but
we'll see i got something up to the top i don't know if you saw this but obviously there's a giant
uh bitcoin puppet right at the entry as soon as you walked into the convention and that's what
made the news so ggs puppets on top um and the qr code is actually scannable
in the article itself so i don't know what more you want in terms of mass adoption but
one qr code actually takes you to the twitter the other one is a 3d asset
um just shout out to hills man and this is that kind of thing that regardless of the headline
someone's going to be curious someone's going to scan a QR code, they're going to wonder what the hell a puppet is, right? This is a Bitcoin convention and there's a monkey with a Bitcoin crown. So really interesting way of just guerrilla marketing, right? And I was telling you guys how there's a whole section for ordinals and a whole section for just Bitcoin art, etc.
for just bitcoin art etc and so this was just a display there right along with the presence of
having puppet hats everywhere right you'd see people walking around the convention just with
puppet hats and oh you're a puppet it's like oh no i just like the smile so just shout out to them
right i think that this is one of those examples of not necessarily full breakthrough moment but
it just brings validity that the actual character itself does attract.
It's,
it's aesthetic,
I guess you could say,
you know,
I was at the convention in Nashville about this time last year,
and there was no ordinals or runes presence at all.
As walking through the convention,
do you see more people maybe like curious about it,
asking about it now that maybe Kraken's building infrastructure for runes?
Did you see more people asking like, what is an ordinal or what are the room what's kind of like the sentiment there at the convention with just like not really no it's mainly maxis and
like that right i mean i think that the bitcoin shroom they had a booth but ultimately you're
like what are you doing bro you're gonna you have a booth to sell jpegs i mean that's just weird
you know it's literally you're talking to a bunch of motherfuckers
that are probably at more money than you or in a sense have been in the game a little bit longer
and it's like that it's just not the direct target market right i think that what brings
more attention to ordinals is uh homie with his grift of trying to find his hard drive right just
stuff like that regardless of whether it's new,
it's going to happen, it goes to fruition or not.
He's been talking about this hard drive
for like five years, bro.
He's been trying to crowdsource a way to find money
and all this shit.
And then now it's still the same story,
trying to find the hard drive,
but then he's, oh, I'm going to fractionalize it
with new technology called ordinals, this, this, that, right?
I think that that starts to
bring a little bit more validity to it. The art side, because of counterparty and just
fake rares and all that kind of stuff, most maxis understand that people have put art on Bitcoin,
right? And now just with the recent, I guess, debate on the timeline, right? And the GitHub
with the pull request the censorship i mean everybody
knows what an ordinal is granted two years later right i just don't think that they know to the
extent of what's an order what's on counterparty still what's part of fake rares it's not a movement
that is technically new but it's a movement that is one that's getting louder and louder right so
i don't know i think it's that.
Like, they've already, oh, fake rares, oh, whatever, you know?
And it's kind of like they understand it.
But the percentage of conference space is progressively getting bigger and bigger.
And I think that that's one you cannot, like, ignore it anymore, right?
Because before you'd come and it would be just two artists, right?
Pepinardo or someone like that.
Or Skrilla sitting in a corner just drawing, doing custom cards or something.
Now you're having full-blown a section.
A 100x100 square.
A big inflatable.
All that stuff.
It caught mainstream news just through the picture and media.
So, I don't know.
It's starting to at least move around in that sense.
Yeah, I mean mean i hope so like i think it's just kind of the it's very early still of it and obviously it's been
flooded to all hell but i still think ordinals are you know i think i think the use case is great
like it's you know it's immutable like you don't have to there's it's on the blockchain forever and
i think if you are trying to put art on the blockchain, I just think ordinals are probably the best place to do it, in my opinion.
And, yeah, I mean, obviously, we're seeing the beginning of kind of the Bitcoin shrooms, parent-child collections.
There are some griffs out there.
Obviously, we still do have Bravacados sitting there.
But, Chief, if you want to go, do you have a connection issue on the phone if you want to go reset that?
do you have a connection issue on the phone if you want to go reset that um if you guys are
interested in these kind of things uh kenny which is someone that i that i know and someone that i
i'm friends with he's has his own called orge or torches and they are now kind of live on magic
eden i don't think you could buy any um but they are live if you want to look at them and see what
they're going to do i think us as a community are going to get an opportunity to possibly you know get a few of these um and participate in this
one this does mint um but yeah just like ordinals they all inscribe first so you can go see what
these look like these are pretty dope and just like there is a lot of bitcoin shroom parent
child that are popping up some are scams some are from previous grifters. And Kenny is actually someone that's legit.
And this is from his big pair child, from his Bitcoin stream.
So I just wanted to kind of throw that up there, that it's live.
You want to go take a look at them.
And also our community in general is probably going to have access
to probably meet these when they do go live.
So shout out to Kenny.
Shout out to Magic Eden for listing these.
And I think they look cool, man.
Orr Torches definitely look better than the other ones that I saw recently.
So I don't know if we want to have paddle fight come up we're kind of
at the point where we would typically have the guests on so i mean you can send them an invite
right now uh i'm gonna post some more stuff about just some bitcoin related things um finishing this
up we have uh brc 2.0 we talked about that right? And it's going fully live now with smart contract integrations.
So similar to what people are talking about with the Arch, right? And all these other,
I would say hybrid L1s, Uniset is actually trying to do it. I mean, ultimately, everyone is using
ICP, which I think is the most interesting thing too too. It's you're not necessarily seeing ICP catch the timeline or any highlights, but ICP was present at every kind of L2 hybrid Bitcoin booth at the convention.
So Unisets, the same thing.
That's the that was the basis for Fractal, right?
Was an ICP spinoff for fork so just check it out if you're
interested in brc20s this was kind of the original fungible experience that we had when bitcoin
ordinals went live right this had a little bit more interaction from the east and so if we start
seeing a run uh i'd probably go check out ordi right i mean already did catch a bit it
was up about 30 last week uh just rallying with the market and if you're gonna bet on brc20s you
know you might as well just bet on the on the number one right which is already so definitely
check it out domo said he was building i talked to him a little bit at the convention but he was
busy but yeah he said that 2.0 should be fun uh they're really trying to
stay as much as they can on no one for like finality but ultimately utilizing icp speed for
any kind of smart contract executions it just definitely thinks there's like the whole ecosystem
it had to take some time to build and definitely thinks like you have kraken coming out um with you know runes infrastructure you have um unisat
now implementing alkynes and then you have brc 2.0 i do think the lull uh is finally about to be over
and i do think they're going to start seeing more announcements from the whole bitcoin ecosystem and
like obviously this is all about attention that gets more attention obviously probably already
which has been around forever probably have some price appreciation too with it so i mean you saw the
oil wallet does a daily check-in right that um it's how they are farming these oil points and you
see that spike in the mempool right because this is an on-chain transaction when they go and they
clock in for work so to speak uh and i got that pinned up to the top of literally them clocking in and you see how it sends the mempool from basically zero
to damn near 5 000 and i mean in days of the mempool being empty and that's not even cracking 20
v bytes this shit right here not only is it anomaly but people want this because as a miner you're now
getting paid at a higher rate and so ideally any kind of interaction is going to fuel that
and that's where you get the sink right of where the miners are on your side rather than against
you because i mean they don't want the lull dude i mean yeah they want this censorship resistance
shit you got luke dasher ocean mining everybody's that, right? But at the end of the day, there's not enough regular people using Bitcoin as money due to ETFs and all this basically paper Bitcoin that's being bought or synthetics that miners aren't getting paid, right?
So now they're down for whatever.
They're trying to get the check.
They got energy bills to pay.
bills to pay. So whatever works.
So whatever works.
I have one last thing
just on, just if we're talking about Bitcoin
ecosystem, Ducat, which is
basically, or Ducat, is basically
a Bitcoin native stablecoin.
And they just announced their kind of farming
thing that you could do.
It's up top.
Create vaults, connect your socials,
shit like that. So if you guys are interested
in that, you know, if Bitcoin ecosystem's heating up,
obviously there'll be more opportunities over there. So just found that. If you guys are interested in that you know if bitcoin ecosystem's heating up obviously there'll be more opportunities over there so just found that if you guys are interested in that
um there's a threat up there to participate we can't tell you what to do but we can just give
you the information if you guys want to take advantage of it there you go and that's available
for a lot of partner communities too i posted it in yesterday's space i don't know if you guys
actually got to it but it applies to protocol power users i think there's about 15 different
protocols there and it also applies to i think over 50 different communities across various
ecosystems from bitcoin soul um so you do get like a multiplier point accessibility for that
i'll pin it all up to the top and then we'll kind of shift into paddle gmgm what up dirt hey gmg gm espresso
how's it going what's up good morning good afternoon happy saturday my guy happy saturday
actually it's my sunday you know what i'm right now in singapore so i'm just called sunday happy
sunday happy sunday oh we're about to get sent to the midnight hour you know you know what they say
yeah yeah midnight hours midnight hours well appreciate you for coming out my man i'm gonna
post something that you guys posted earlier right and then just um first and foremost appreciate you
for coming to the tda uh not only sponsoring the show but allowing us to learn a little bit about
paddle right um i was
under the assumption when i first heard of you guys and first started doing a little bit of
research that you guys were bear exclusive you know kind of uh doing your debut over there but
i soon came to the realization that you guys were the name in arbitrum and other chains for
any kind of nft lending or peer-to-peer connections.
So welcome to TDA.
And stage is yours for now, my man.
Is there anything else that you would want me to pin up top with that
as you're giving us a little bit more info?
Yeah, definitely, definitely.
You also mentioned about Albert Einstein and Bay.
So I think I want to give everyone a quick intro about Paddle and also for myself.
So Paddle Finance is an all-in-one financial layer for on-chain economy.
So what we want to solve is not just pro-liferal NFTs.
So previously on base, which is kind of like our first version,
is that we are dealing with the on-chain settlement for institution trading.
So you can imagine that some of the institutions,
they want to trade their NFT holdings or they want to trade their ERC20 token holdings.
They don't want to dump in the market.
So they will do OTC trade, right?
But one thing that for OTC trade, you might be thinking that who should send the fund first?
There's no non-chain custodian solutions.
And that's a peer-to-peer connection, right?
Or was that you guys, in a sense, taking it into your treasury and executing it?
No, no, no, no.
That is totally an on-chain transaction between the buyers and the sellers, right?
Paddle is not dealing with all those assets. So those assets is always in your wallet.
Paddle is not dealing with it. There's no smart contract that is controlling those assets.
So those kind of save and sell solution actually has been adopted by a lot of institutions.
So that is why this year, year actually at the very beginning of
this year we were the fourth biggest marketplace on base and the second biggest marketplace on
orbitron based on the app radar that is a wonderful reason because there's a lot of on-chain
transaction happening on base and orbitron that is about peer-to-peer settings and is that just
like uh you go and you say hey i want to trade, I guess like what was on base? OK Computer.
I would go and I say, hey, I got my OK Computer and I'm trying to OTC and on-chain hero or something like that, right?
Is that how it would work in sense of I put an ask and just wait for it to be filled?
Yeah, so this is one thing how people can ask to be filled. But I think
some of the people that because we are kind of like the connections between a lot of project
side and investor side, right? So they have their own network. So we're kind of like the solution
because back to our background, we're kind of from traditional finance, I was in the biggest
bank in Singapore, my founder is from the biggest hedge fund in Boston.
So we have our own network.
So at that time, actually, we have a lot of investors are looking to invest into projects.
And because we're also in the Web3, we're asset founders.
We know a lot of projects are selling their tokens, are dealing with OTC, are selling
their NFTs.
So kind of what at that time is like a manually, we try to pull them up and deliver our solution to them.
So that is one of the business models that we do at that time.
But also at the same time, we deliver front end.
People can easily just request what they are asking for and then request and then fill in what they want to offer.
And then people just take the trade.
So you can see us like a platform, like a broker, but eventually it is
providing solutions for the on-chain settlement. And I think one thing that people might be asking
us that, are you going to only do for ERC20 tokens? I think that is also one of the innovative
things that Petal is doing right now is that we support any assets versus any assets. So for
example, Chief, today you have Moonbirds, right? 10 moonbursts right but you said that you want to sell your
moonbursts you want to exchange to my boarded yes club we can definitely do
that so no matter is a hundred moonbursts from you or ten moonbursts from you you
can all put into this basket and for me I can top up with boarded yes club or if
you're asking me to top up with some eth, I can also top up some ERC20
tokens. So it is kind of like a flexible basket versus a flexible basket, and everything has just
been done in one transaction. So you can imagine that this user scenario saved a lot of use case
and saved a lot of gas fee, especially previously we're also on Ethereum. We also deal with some
kind of like posited some of the trading on Ethereum.
You can imagine that it saved a lot of gas fee
when users want to do trading or they want to do a batch swap.
There's something that we deliver for those institutions.
And that was happening back in 2023
and in 2024 of what we have done.
And real quick, so the primary,
and just the places where you're offering this
currently right now are base arbitrum and then we're going to start talking about uh what you
guys are doing differently with bear correct just to kind of fill those that are listening in what
you explained the ability to trade the the moonbirds etc is that open to any evm chain right
now with this new layer zero kind of thing that you guys
got going or are you still siloed individually to um arbitrum and base currently it is already live
on different chains but all the chains that we're supporting like on base arbitrum and barra chain
that we want to tap into it but i would say some of the solutions were just siloed deployed on a single chain.
And I'll explain why.
So let's tap into Barachain.
So on Barachain, we are delivering the first NFT money market to make NFT part of the BGT play and POO play that is quite exclusive to Barachain.
And to be honest, I want to explain why this nfd money market will only
deploy on bearer chain the reason is that the mechanism is just like avi and compound you put
your nfd into this smart contract and then we will calculate dynamically what is your buying borrowing
amount or your collateral value allows you to borrow from the liquidity pool. So when you deposit your teddies, when you deposit your bulls,
you can borrow against it, against some bearer token, right?
And you can freely utilize this bearer token in bearer chain ecosystem.
And we're also tapping into BGT Play.
Is that still, just on that note, is that the NFT money market,
is that a peer-to-peer connection or is that facilitated through you guys as well? I know it is not a peer-to-peer. It is like a peer-to-peer connection or is that facilitated through you guys as well?
I know it is not a peer-to-peer it is like a peer-to-pool so you don't know who is the lenders
all right so there will be a liquidity pool that is for bearer tokens when you place your teddies
as a collateral let's say one teddy worth for 100 bearer we will calculate your collateral value
and this collateral value will grant you kind of like a borrowing power that you can get from this liquidity pool.
So once you get this bearer tokens you can utilize them into BGDeploy and the next step
is that we are going to work with Inferno Finance and bearer checks to make BGDeploy
automatically happen and one thing we're working with bearer checks is super
exciting is about auto repaying.
So you know that when you are borrowed against with your teddies, actually you need to pay for interest, right?
But sometimes people don't want to pay for interest because they're already playing with BGT play.
They actually want to use their BGT revert to pay back the loan, right?
So this is something that we're cooking with Baratracks.
You borrow, but you don't
need to repay that is one of the functionalities that we want to deploy over the next few weeks
with baratracks and then when you're receiving and depositing stuff into the pools themselves right
um i mean i think we've seen just different just throughout the years through last cycle we've
seen fractionalized versions of nTs, stuff like that, right?
This is somewhat different than a fractionalized NFT has.
Even though I deposit my teddies, my whatever into the pool, that's my pool, correct?
Like I get my same teddies back once I pay off and deposit collateral, or is it just a receipt token for one steady teddy?
And I could potentially get something not that what i
personally deposited in no no no that will still be your teddy that will still be your teddy
so i would say this cycle what our nfp5 is different from the last cycle is we focus more
on nft side instead of financial side all right in the last cycle actually people cares about how you can
trade or sell your nft faster so you can see on blur a lot of aggregators and like pseudo swap
those kind of places no kind of marketplace or those so-called nft5 actually focusing on finance
all right but you can see that actually nft5 the underlying asset is nft itself you cannot
harm the nft and deliver what you want to build right so that is not about finance that is more
about nft so are the nft money mark no i mean and i was just going to ask on that too so when you're
saying as you're utilizing the funds to build with it is this a timed loan or how exactly does the collateral
aspect of it and the kind of loan to value health ratio work? Yeah. So this is how Alvi and
Compound works, right? So when you deposit your collateral, let's say you deposit for Ethereum
and you borrow against it for USDC, we will real-time accumulate your USDC interest.
So let's say you place Ethereum as a collateral into this pool,
and you borrow against it for $1,000 USDC, right?
So overall, over time, you will need to pay back for $1,010, $1,020.
Once you pay back the loan, you can get back your deposit. But there's no kind of
like a duration or there's kind of like a perpetual lending, to be honest, because as long as your
borrow limit or as long as your collateral value is always lower for your debt, you actually will
not be triggered liquidation. And this is the mechanism that actually will also apply for paddle so for paddle nfd money market when you deposit your teddy and you get a bearer tokens
as long as this teddy worth more or let's say the collateral factor the collateral value worth more
than the bearer token or the debt itself you don't need to pay back. So that is why we are working with
bearer checks to make sure that we will always pay back your debt automatically. So you even
don't know, you never noticed that someone is paying back for you and you can always keep your
in this liquidity pool. You can always borrow, you can always keep your position without paying back.
So this is something that's pretty cool and interesting. And it's only possible because of the way bear chains like BGT emissions and all the
POL system works, correct?
Oh, exactly.
So that is, I want to elaborate more of why this functionality works in bear chain the
best.
All right.
The reason is that you have BGT emission, you have PIO play, which means that your borrowing of bearer token makes more sense.
To be honest, right now we are also working with A-Chain.
We deploy our latest functionalities on A-Chain with a new innovation.
I'll tap into this more.
They are actually not suitable for NFT market.
The reason is that when you borrow against your NFT, you need to pay back the expense
or you need to pay back the interest. But when you borrow this A token or when you borrow this
underlying token outside of this liquidity pool, you need to think about how you can generate more
rewards or generate more value compared to your interest fee, right? This is something that you
can easily find out in BarraChain because there's a lot of BGT play,
there's a lot of POL play,
allows you to generate around 100% or 150% APR
outside of it.
So having said that,
BarraChain make more sense to have this NFT market
and all thanks to BGT play as you said,
and also about the price performance
or the price reference,
it was coming from Bitscrunch and Chainlink. So they provide us like kind of
like a stabilized price data that we can calculate those teddies, those bull-ups,
what are the collateral value allows them to borrow against for our bearer pool.
So which means that we can stabilize the price performance and also stabilize
the whole market. So having said
that with this bearer chain or with this NFT market, actually teddy holders, they don't need
to sell their teddies to play with BGT play. They can just put their teddies into this lending
market and then they can tap into BGT play easily by paddle, by bearer tracks, and by inferior
finance. So that is why I'll explain that why this nfd
market is not suitable on base because actually base there's no nfts right and you cannot find
kind of like a good yield opportunity to cover your interest right but on bearer chain it is
possible and that is visible so that is why we deploy this nfp money market only on barrage and then
i guess the way that to figure out where you guys um not necessarily fit in but how exactly the
flywheel works right um if i see the benefit of the nft being paid off through you guys in the
back end through emissions right it? It protects the liquidity pool
providers and the investors on that end, right? They're not stuck with having to liquidate assets
consistently. Where exactly then does paddle, I guess, win in this situation? Is it through
facilitating the escrow process and like fees? Or is it, are you guys the ones, if you pay off the
loan, is the interest for the loan paid
off go to you guys or how exactly is the trade-off for you to do it through emissions rather than for
me to do it through earning exactly so for paddle i think there's kind of like a platform fee so
let's say right now the supply rate is about 10 or or 15%. The borrow rate is around 20%.
The difference between all of it will actually be the platform fee.
That is actually the business model that is coming from Avi and Compound.
All from algorithm, everything is through math.
Nothing can be controlled by our team.
So which means that everything is just based on the utilization rate.
But that is also something that we can use for BGT play, right?
Because previously, if we're just like a peer-to-peer lending or P2P lending,
actually Paddle is not generating any revenue or let's say stable revenue, right?
But with this OVI and compound mechanism,
there is kind of like a stable revenue that is generated by Paddle.
We can use this platform fee to tap into
the bribe of validators so which means that the bgt play will also be bribed by our platform fee
and also that also tapping into the use case of paddle token which will be used to bribe those
token suppliers and also kind of like those bgt emission and with all this actually paddle are
just like the corner of the whole bgt play and outside of it surrounded paddle those are the
suppliers borrowers and also like bgt itself so having said that we're kind of like try to connect
the nft side and the d5 side all right so we don't see us like a platform or just like a protocol.
We see us more like a bridge between NFT community and DeFi community.
Because let's say previously, steady teddies or teddy holders, they can't even imagine
they are related to Invera Finance.
But right now, because of their NFT, because of petal finance their nft started to
relate it to how bribing works how they can earn more bgt play and that is something that actually
petal wants to do because we believe that actually nft market cannot be an inventory market we want
to make it like a incremental market and how we can create incremental market the only incremental
market to me is only about DeFi.
Other than that, everything is just inventory, right?
But NFT market is inventory.
You buy this NFT collection, what are you going to do next?
Actually, you'll buy next collection.
Everything is just like an inventory market.
But when you imagine that this NFT can generate more value,
can generate some interest or income for you
because you're tapping into d5 you started to hold this nfd more and more and you're starting to be
more bullish and long-term become a long-term holders so this is all thanks to low speed gt
play and i think that that is what paddle wants to connect d5 nfd so you mentioned a little bit about the paddle token and just i personally have a lot
of my um assets already in paddle itself right so just looking at the website i see that there's a
couple different things right there's a section that literally says airdrop and season one
leaderboard um how exactly is it that you earn points for this airdrop versus uh earning points through
participation right because when I go to the money market the nft side where I supplied some of my
teddies I see I guess a different number in the top right hand corner so just to try to connect
a little bit and explain where the paddle token one is going to come into all of this and then
two just on your website and for those that are using it, how can they understand where they are in terms of a potential paddle allocation coming up?
Because you guys do have a TCG coming up, correct?
Yes, correct.
Yeah, so let me explain a little bit how this point and the airdrop works. So for the airdrop, actually it was previously introduced for base users in Obertron and
the one that utilizes our P2P and OTC service.
It is kind of like we started to move from institutional demand to retailer demand.
So for those points actually coming from how much you utilize our P2P and OTC swap.
So based on those operations, you will earn more points.
But also we have a money market.
So when you do the money market, actually we directly leverage and we directly utilize the mechanism of Avi and Compound.
So we based on your borrowing amount and lending amount, we will real-time
calculate your PATH incentives. That is kind of like a liquid incentive that will provide to
lenders and borrowers. The reason is that I think at the very beginning of a new market or a new
protocol that wants to come in, we will need to incentivize users to give us some feedback,
to provide liquidity, to let us know what we should improve.
So those kind of token incentives actually is give users a try or give them incentivize to try our NFT money market.
So this is another incentive that people will get, even though it is not showing on the airdrop tab.
You can see on the right hand side on the money market, you will always
see a real-time PAP token increasing based on a borrow amount and lending amount.
But some of our users, they also mentioned that, hey, I'm not playing OTC, I'm not playing
P2P lending, I'm even not playing about NFT money market.
Actually, I'm too low IQ to borrow against my teddies.
i'm too low iq to borrow against my teddies i just want to deposit my teddies all right actually to
I just want to deposit my teddies.
be honest i have i have received about a hundred dms since we opened this nfp market and the dm
always about can i don't borrow i mean it's scary right i mean we've seen uh as someone so like
participating in the bitcoin ecosystem heavy when that launched we saw the birth of same thing like
an NFT lending market and same kind of rollout right people were very excited to go but you see
these unravels time and time again I mean and then before this ordinal run right you saw with
Ave and people doing the same thing but it's good on the way up when numbers going up you don't have
that impermanent loss you don't have that impermanent loss,
you don't have anything to really worry about. But if there's an unwind, right, that's typically
where it becomes a domino effect with the unwind. And so trying to make it a little bit easier to
understand this idea of borrowing against and borrowing for, for, right, I think that one of
the cool things that you mentioned is that ability of you guys helping pay down the loan does facilitate and remove that, oh, I lost my asset aspect.
But yeah, man, it's a scary thing, right?
Because most of the time you hear horror stories.
You never hear about the guys that, oh, well, I was lending money and I managed to get NFT assets at a 50% discount for a year, right?
Which is that that's what's happening on one side.
And on the other
side it's oh man i was underwater and i defaulted and you know i i gave an asset away for 50 less
than what it was supposed to be exactly exactly so i think that is why we also incentivize
depositors or borrowers not borrowing on paddle the reason is that actually if even you just
deposit we will still give you some airdrop allocation even though it is not right now
showing on the airdrop tab or showing in the money market based on our announcement in the twitter
we will also give you some of the airdrop on top of it the reason is that you will need to learn
about how nf the money market works.
Because when you deposit, actually you already trust Paddle. And this kind of trust, we are going to insubstize it. Because you started to learn about what is borrowing works,
what is lending works. So actually that is also something that we always insubstize the
people that DM us. We say, hey actually if you want to borrow, just borrow a little bit. If you don't want to borrow, you can just don't borrow.
But if you want to try it out, just borrow as less as you can.
Maybe just one barrel or two barrel.
We'll give you incentives on the amount of the teddies that you deposit.
But we want you to make sure that or you want you to learn about that actually your teddies
is a part of the BGD play.
So that is why we tell the users for the past few weeks that you can try it out for deposit without any borrowing.
That is some why we want to still allocate some airdrop for teddy holders or teddy depositors about using our platform.
It is all about learning curve. It is not just about the platform usage.
And it's
also i mean one of the things too you mentioned so utilizing your platform and then i think that
the only other one that takes nfts is like baradji but would uh i guess teddy holders that have
deposited be included in any kind of snapshots or anything like that is there a way for them to
see what's in your pool so those users get it?
Because you're not getting necessarily a receipt token, right? Your collateral back is actually
wrapped Vara or a wrapped LST version of Vara. So how exactly do you then allocate or ensure
without specific receipt tokens that I get my airdrop coming up for not your platform specifically,
but something SteadyTeddy based?
Oh yeah, so this is why Kia or some of the airdrop that have been allocated to some of
the Teddy holders, right?
So this is also a smart contract having make this flexible. So actually our smart contract is already have some ABI and some kind of interface that allows users or allow us to extract the data.
Everyone can extract the data from our smart contract to know that who is right now depositing and how much of the database is depositing in this smart contract.
is depositing in this smart contract.
So this is some kind of like,
so Keyout actually they reach out to us
to find out the solutions
and to ask us to provide this data.
So that is why we're able,
we're still able to provide a snapshot
for Teddy holders.
I think it is another workaround in Web3
that we can make everything on-chain,
everything is transparent,
but at the same time is that we can still hold
or maintain the rewards
or the privilege of Teddy holders, even though their Teddy right now is temporarily in paddle
finance. Okay. That makes sense. And I mean, that's one of those things that most people
get scared of, right? When you're staking that you miss out on individual staking rewards that
are directed at that asset. And then I think the other thing thing too is that if you're someone who has multiple assets um and you're splitting it right because you it's only typically one per wallet or
anything like that i mean when you deposit it into this pool uh you kind of absolve that you can kind
of go around it right i don't have to split 10 teddies up i can deposit 10 teddies and receive
airdrop credit for 10. um one of the things I guess Dirk
is so if someone would like to get participating uh in paddle right the easiest way to do so right
now would be just to deposit one of their bear assets or NFTs or how exactly do they go about
it and do they still have time right when is guess, the idea for TGE and stuff like that
to if they're trying to at least get some kind of paddle allocation,
how do they go about that?
And roughly what kind of a timeline are we looking at?
Or what you can share, right, about that.
Okay, definitely.
I will share everything in today's daily alpha, all right?
So we will do our snapshot in, I think, less than nine hours.
All right.
So we will do our snapshot on 9 p.m. May 31st.
All right.
EST.
So it is just less than nine hours.
We will do our snapshot for our first season one for OTC and P2P points.
And also we'll do a snapshot on the teddies that have been deposited into
Paddle.
And also previously we will,
we had a trade battle that is kind of like a game application of a trading
gaming that allow users to start to play around with Paddle.
It's just for our community,
but it's more something we want to create for a more engaging gaming
platform that is for our communities.
But anyway, those kind of functionalities will be snapshot on May 31st, 9pm ESD, which
is less than nine hours.
But even though after the snapshot date, you can still keep going with your borrowing and
keep going lending out your bearer token the reason is that
we are still accumulating real-time pet incentives liquid incentives for borrowers and lenders and
also if you still keep your caddies post the tge or even post this post the snapshot date or even
until post tge we might have some multipliers that will be applied to some of the teddies. I mean, bro, as someone who owns a shit ton, there's nothing.
I mean, why wouldn't I?
I mean, even if you own one at this point,
bearer price action is so dog shit that you're going to sell at a loss if you don't.
So might as well get some type of leverage incentive to participate,
earn points on new opportunities.
You know, I mean, that's kind of how I I looked at it
Especially after I got confirmation that I'm not gonna miss any kind of snapshots or anything
So I was like hey, I mean, what is it gonna do sit in my wallet and absolutely do nothing but piss me off?
So I mean, I guess we'll just deposit it earn some money or in some tokens and see exactly where that goes because
You might as well put your your down bad
bags to work for you you know i mean regardless of whether they're good or bad your bag has got
to be working especially in the chain that offers so many opportunities for just yield without
necessarily having to be trading all the time yeah definitely definitely So we always recommend or encourage our communities, if you have any teddies, just one, maybe just one, you can deposit and get some of our airdrop. which is June 3rd, 1 p.m. UTC time, it will be our TGE time, right?
So it will be live on base and also on Baruchain.
And also the latest partnership that we have with LayerZero
is something that we're also bullish about
because this is also some of the token utility
that we'll provide to our token holders.
So when the token is just live on next Tuesday,
we will have our staking pool that is live on base and bearachain.
So having said that, you can do the arbitrage.
You can easily just say, hey, if base have a higher staking pool revert,
you can just go and stake on base.
If you think that bearachain have a higher APR,
you can just stake on Barachain.
And this staking actually is quite flexible. You can stake and unstake anytime. And the reward is
just accrued in real time. That is the first utility that will provide to the staking or the
token holders. So as airdrop holders, actually you will be one of the first batch that you can stake
to earn more PAP token.
And the second thing is why we need Layer 0. Because actually we are focusing on base and barrel chain, but also we are leveraging on map chain and ape chain. So in the future actually
our platform revenue or the whole revenue stream is not just coming from base and barrel chain. We are also coming from map chain,
which we work with them to deliver real victory engagement for PSG.
And for ape chain,
we are working with one of the latest innovations
that we're going to deploy with GZUNApe.
It is something that we call NFT rates,
or it is an NFT directive market.
But nothing we can
reveal right now but eventually you will have four chains of revenue streams as a
token holders one thing you can do is you can share our platform revenue
because actually on base map chain and ape chain there is no BGTPlay or
snare is no bribing right how we we going to deal with those platform revenue?
A big portion of it will be shared with our token holders,
which is maybe our stakers,
or we will find out a good mechanism
to find out who is our loyal token holders,
and they can share those platform revenue, right?
And the last but not least is one of the coolest things
that we think might be changing how people deal with multi-chain
is governance gauging voting or what we call liquidity voting.
So we can see previously on curve.
You can vote which pool is earning more liquidity distribution or curve distribution, right?
And we're going to apply the same thing.
But this voting is not just on single chain,
it is on multi chain. So this kind of gamification actually will create a good community engagement because you can imagine that
Teddy's on Baruchin will vote heavily against
40-Yosh Club on 8 chain because both they want to
So this kind of community competition will have more engagement. And even within the
bearer chain, Teddies will also vote against with Wolos, vote against with ETHART or vote against
with Mibera. So each community can engage and compete with each other to get to compete more liquidity incentives or compete with more pet token release.
So this kind of competition, actually, is what we believe that will increase the engagement itself.
People will routinely just visit Paddle to see, hey, how much of the liquidity we'll get from Verochain.
how much of the liquidity we'll get from bear chain that's vote heavily for it
Let's vote heavily for it.
and then i think this kind of comfort this kind of debate in this kind of competition actually
will also drive the retention and also the thickness of our token so this is one of our
token utility that when we go live we will release as well appreciate that all right dirk is there
anything that you want to post up to the top as a call to action for people to be ready for the TGE or anything like that in terms of, I know you said snapshots tonight, so appreciate that.
I mean, people can literally go deposit their teddies right now, earn some credit for the snapshot.
You might not get a multiplier if you take it out if you're scared, but maybe if you make it 24 hours, you'll see that it's not so scary and your teddy's still there.
You can still earn some points, right?
So I just know a lot of our community has a bunch of teddies just dry sitting there.
So ultimately, there is a way to use that.
A call to action, something that you'd like to, I guess, point our community to learn a little bit more or to start getting involved with paddle.
or to start getting involved with Paddle.
Yes, absolutely.
Yes, absolutely.
But I'm just, because I'm not sure whether it is my problem
because I am not able to share our pin post.
Can you share from me please?
Yeah, of course.
I'll pin it up right now.
Yes, I think it is just to share with our TGE date
and also the change and what we're going to do
for different innovations on different chain
Appreciate that I got it pinned up to the top so
First foremost Dirk appreciate you taking the time and breaking that down
Ultimately showing that there's more to you guys than just one aspect. There's more to you guys in just one chain
Right, so maybe yeah, we talked a lot about bear stuff towards the end
But if you're on base if you're on arborsum there's still other avenues and ways to access your liquidity right so
appreciate you spending the time on that i think almost before you even leave i just have just one
general question as a chain that's multi-chain that's going out this token right pad is gonna be on Barra is that
correct yes it will be on base and Barra how exactly do you see it as an
operator I mean ultimately you're catering some of your money market some
of your marketing span and everything to the bear ecosystem at all right now
right I know that there's a lot of uncertainty right in the air and people that are
regular participants that have been just looking at price go down. I guess, what would you say as
a protocol with millions of dollars transacted and loaned out, et cetera, how do you feel
about what's going on in terms of just base price action? And just does that make you worried about
your future as a business?
I don't think it does
because clearly you're launching there
and your intentions to build out have only increased
due to the fact that their tech is unique, right?
POL.
That was what attracted me too
is that it's fundamentally different from anything else.
So it opens new mechanics.
But just to anyone out there,
I think it would benefit them to
hear you as a builder in a protocol are you scared are you not how exactly are
you navigating this uncertainty well actually I would say that I'm not afraid
of it because I think you mentioned one thing that BGD play is something that
you cannot see in other ecosystem so i think the
price volatility is just kind of like a short-term performance we may not know why but i think that
bad token performance in short-term period is actually a good thing because you can drive out
those cheaters or you can drive out those non-believers all right so when times goes by
you can also all see that actually Ethereum
at the very beginning,
they also have the bad timing.
But in the end, it still comes up.
With Solana,
there's a lot of jeaters back
when FTX just happened,
those shared things.
They're back to kind of like,
let's say below $10 or something.
But right now, they're still back.
So I would say Barra token itself
have a good innovations.
And I would say the community itself itself have a good innovations and i would say the
community itself is super different from other communities people out there holding tokens
holding nft collections in barra chain they never dump their nfts right even though right now barra
tokens might be going down the nft price is still stabilized there so i would say because everything is just
denoted in barra token i think for us and for nfd holders i don't see there's a great in big impact
actually i would say we just strive out those non-believers and what we build right now will
be more and more utilized by or leveraged by the real believers and the real users so i would say
it is still a great timing to build
and I think it's also a great timing to collaboration oh I 100% agree man I mean
like that's the one thing I say regardless of whether or not number goes up and the amount
of money I'm making is going up or down the ability to yield the bgt pol loop i mean that's works in stay one right they're perfecting
it in terms of ratio thresholds uh output but the ability to deposit tokens and play in this
d5 lst world and have real yield that you click on every 24 hours or whatever that's there so
everything else i mean i think
that that could be adjusted but i just wanted to get your opinion as a builder as a protocol
pouring let's just say hundreds of thousands of dollars into building out infra even now going
into a tge more and more and more money right how you were seeing it whether you were worried or not
and i think that that's good that you see it almost as like i mean it's just part of the the growing pains right so i don't know i come i mean on bitcoin
ordinals were dead for fucking i would say a year out of the two years that ordinals been out
so ideally it's not new to have these periods of lull and downturn but some people you know price action underlies and typically defines a lot of things yeah maybe
shout out to red cap or i respect red cap he always mentioned that okay for example today
bearer token dropped for 50 for the next one year right but you can imagine that a lot of bg could
play or a lot of yield defy that gives you around 100% or even 150%.
You can just do the math, right?
So actually, to be honest, there's still way more opportunity compared to the impermanent loss that you might be getting from Barra Token.
I'm just saying that if the worst case scenario, Barra Token goes down, there's still a lot of of your opportunity out there that is able to cover
your bearer token price performance i think that is all thanks to bgt play and a lot of great
innovations that is coming up on bearer chain so yeah as a builder i say that it is just a
short-term period i think in the longer term we'll just win well appreciate you derek for sliding
through man excited for the paddle tge once again, if you listen to this, you have to deposit a teddy, deposit one of your bare assets, right?
The Snapshot's at 9 tonight.
You get a chance to literally just participate, get a base level allocation.
And it's sitting in your fucking wallet anyway.
It doesn't make sense.
Why not to, right?
Appreciate you coming out, sharing really some alpha with the TDA and also getting us a chance to learn. Right.
I enjoy actually being able to learn and grow in that sense, being the dumbest one in the room.
So appreciate you, man, for coming by. And it means a lot. And I look forward to seeing you next week for the TGE itself.
Thanks, G. Thanks, thanks, G.
And thanks, Expresso.
Thanks for having us.
Of course, man.
We got everything pinned up to the top by Paddle.
If you guys are interested, go to the page.
Takes a couple clicks and get a teddy in there.
And you actually get money back if you want to play with it while you're waiting.
Or just keep the money that you get, your collateral.
And whenever you deposit it back, that was it, right? You didn't have to there is no gain or loss in that sense. So as we wrap up the rest of the show, I want to just if you have a loudio allocation that went live while we started talking to Dirk a little bit earlier, guaranteed, though, those top 1000 people head over to the site get your commit in
It will be hard on the first come first serve window two
So if anybody is in that
Just prepare yourself for pretty much a shit show
And just you know, don't get too frustrated. Don't break a computer or nothing
But i'll pin that up to the top as well
As we wrap it up x you got anything to leave up
nope i think it was just like obviously we try to bring you know things on that people are like
unaware of and we knew we had a lot of steady teddy holders and we're like okay this is happening
today you guys can hold this asset in your wallet or you can get some kind of allocation so we were
trying to bring you guys a little bit alpha ultimately you guys got to go click the buttons but we like to bring things on
that are mutually beneficial for the brand and for our community so we appreciate paddle 5 for coming
by spilling the sauce telling what you guys are building i do think a lot of people in our community
were unaware of this and now they find an opportunity that was you know hidden under a rock
so we appreciate you stopping by and obviously this is the last show of the week. It's the last show of an era starting on Tuesday.
We're starting 45 minutes later at 11 a.m. Central, 12 p.m. Eastern.
And it will be going for one hour.
And obviously our Discord, the Foundry, will be opening up on June 1st.
So we appreciate all the support you guys have given us for the past three and a half years for the daily alpha. We will continue to be here, but we'll also be
building and branching out to our new discord. So we appreciate all the support. We love you guys
and we will keep you guys updated on the new time and everything else that's going on with
the foundry. And it's a TD or stay poor. We love you guys. And we'll see you guys on Tuesday.
Appreciate everybody that came out to the TDA. As we said,
a couple of changes coming up, right? I'm going to probably want to hang out with y'all a little
bit more than an hour. So we'll see how that works out. But easiest way to find that out
is notifications. There are notifications on the TDA page. We don't really tweet from it only when
the show is going live or our thread, right? So you'll have all your information there if there's any changes when there's changes and what the new times are
I wanted to shout out paddle 5 and Dirk again shout out Draco as well for facilitating this and
Getting and finding a need within our community and allowing us to broadcast that right and personify it. So
Appreciate paddle for swinging by appreciate you for choosing the tda man we've
been here uh we continue to will be here tuesday through saturday uh it was 10 15 till about 12
we'll see how that works out next week it's tda or stay poor y'all be safe and have a good one Thank you.
