Hey, thanks for joining. This is Tim, the host for today's KuKun Fireside Chat, and I am the head of social here at KuKun, and very excited to have
of two guests from near today joining us. And I think we're just waiting for some of the project accounts to join, am I correct? And then we can just get started.
I'm seeing the most about here.
Yeah, I don't see near joining and...
orderly network as well. I know you guys are in but you're posting here and ordering on sand. Can they request to speak please? Oh yeah thank you.
So while they're doing that, please, why don't we just get started just to not keep everyone waiting, but maybe you can ask them on your team to use the project accounts to just request to speak and I'll get them on and they can just stay muted as well.
In the meantime, why don't you guys go ahead and introduce yourselves. Bowen, I know you're the co-founder of Proximity Lads, which is the DeFi Arm of Nier and Audgen CEO of Orderly Network. We have several questions prepared for
both of you guys, but at a high level, why don't you guys just give an introduction to those who aren't really familiar, how are you guys related or in or play your part in the near ecosystem as well as a bit about your personal backgrounds as well. Starting with Bowen, go ahead.
So, cool, cool. Thanks for having us and great to be here. Yeah, and Bowen, one of the co-members of proximity and basically, you said the essence. We are the DeFi arm of Nier.
We started about just close to two years now. We started back in August 2021 with the focus to build a near-defeated ecosystem and we spun off from near core
and near foundation. And the focus is simple. We wanted to be more hands-on and to be on the ground to work with projects and funders to basically together
to create the nearby ecosystem. And a bit more about my background. I joined Nier about on the 20th of 20th, 27th of January, 2021 and before that
I was at OMSIGO or on-mg network. I was basically one of the first days of the first legato solution to Ethereum. I was leading business effort there. One of the things I've done there was
in 2020, in 2019, 2020, I was the first person to onboard USDG on to a layer 2 network and at that time, that was like, go some
in the Asian market and then like, on-general work, basically after that got acquired and the whole initiative got mixed up, so I left on on-general work and joined here.
straight after. And also, sorry, go ahead, go ahead. Sorry to cut off. And we also learned that like two days ago, Kukuen also listed USG, so like co-incident.
Awesome. Let's move on to Arjun. Same thing with you, maybe just in a high level intro to your personal background as well as, originally, network.
Hey, thank you so much for hosting us today. Pleasure to be here. So we said my name's Arjun. I'm a COO over at orderly network. Orderly network is a central limit order book infrastructure protocol. We operate effectively as a permissionless modular protocol.
trying to bring high throughput low latency, low fees to enable different, a different suite of defi builders to be able to build on top of us. I could talk a little bit more into what we do, how we do it. But I think maybe we could say that for the next question. But in terms of my background,
I've been in crypto since mid to late 2017. Prior to bringing crypto, I spent 9.5 years over at Google, focusing on business development partnerships, leading and scaling teams across Europe, Middle East and Africa.
I joined, I've been advising crypto projects across sort of the last four, five years, and then I joined orderly full time probably in late 2021, where we were incubated by a wood network, the centralized exchange and also near protocol.
as well. And since then, it's been a sort of super joyful ride. A lot of my focus has been on sort of getting helping supporting the rest of the company, bringing to where we need to be to this point today. Main focus is around the builders, partnerships, also sort of running sort of finance and legal departments as well.
And yeah, I'm definitely happy to dive deeper into the product side of things that order lead network later on. But I just want to perhaps split the questions and ask each one of you guys want each just to ensure that you guys can have your equal
amount of time throughout the Twitter space. So let's start again with Bowen first, maybe dive deeper into the proximity lads. And for those who aren't familiar, why does Near even have a DeFi arm? How does that work? And what do you do for Near specifically?
So, I'll focus on this very simple. We wanted to have more flexibility to be more hands-on to work with project founders.
and spin off from the near foundation and near core, allow us to have those flexibility and to be on the ground. Otherwise, we'll be providing grants, providing investment and not very hands-on onto the projects
and creating the leading and the divine initiatives and listen to the market and basically step further to be close to the market and listen to what market really needs and what projects and thunder really need.
for them to build something on here. And we basically work with them very closely. And all the leads are very good example of that. Currently a leading project in the near ecosystem, like Quentin Liquid did later and tried
in the auto book sector. And there are many projects like orderly and we are there to help. So if you have DeFi project and OEV,
your founder or if you just some builder who will be interested to build something on either NIA or Aurora that is Steve I related or even generally we have to be related we can come to talk to us
Got it. And same question to you, Arjun. Dive deeper into the details of what are we now working on? What makes you different from perhaps the other D5 protocols on your? Yeah, of course. So, as I referenced before, orderly is a set to limit order book infrastructure project.
permissionless modular protocol, we aim to bring by-throughput low latency, low fees and tight spreads into the DeFi ecosystem, things that are super essential. We effectively enable different DeFi protocols to build a different range of financial products on top of us. So right now we leverage the likes of self-custody within off-trend.
to provide a complete platform with a risk engine, matching engine, shared asset pools, and like I said, different dApps can build a range of different financial instruments on top of us as we leverage a fully on-chain mechanism in the future as well. So I think the importance in terms of
terms of what we do. There's obviously, especially in the last 12 months, there's been a, I wouldn't quite say a crisis, but a lot more of a magnifying glass in terms of centralized exchanges and the importance of self-custody and transparency. So I think for orderly, it's a perfect window for us to become sort of the ultimate trading lego.
with everlasting liquidity and transparency in the ecosystem. So right now in terms of our protocol, we have around about seven and a half million dollars of liquidity locked in excess of a quarter of a billion dollars in trading volume over 9,000 plus traders as well. People can build, people can build
multiple different things with us. Like I mentioned earlier, Dex's, audiobook trading, spot parts, lending and borrowing in the future as well. We have an on-chain order swap. And our real goal is to grow a large ecosystem of different DAPs and protocols to leverage all of those functions and build a suite of their products on top of
us. The second part of your question, I guess, in terms of what makes it different in terms of in terms of defy protocols is we don't have a front end ourselves. We're not competing with communities. We're not trying to drive users to our own protocol. We're trying to enable other protocols to have a lower barrier to market.
I think in the space there are a lot of really good strong D5 protocols that we all probably use ourselves, but they aren't complete in different areas. I think some are focusing on very, very strong UX and onboarding, some are focusing on product efficiency and throughput, some are focusing on liquidity.
And I definitely think most of these DeFi protocols struggle in at least one of these areas and not to mention that DeFi is still missing the order book infrastructure that can rival a centralized exchange style experience. Definitely in the last 12 months we've seen a rise of DeFi protocol growing versus
realized exchange users, but I would say that in order for that trend to continue, DeFi protocols are going to need to improve in all of those three areas that I would say. DeFi is still in very, very early stages. AMMs are designed for retail traders and they don't really facilitate the needs of a more sophisticated
and that's really what we tried to solve for and I think what differentiates us versus others. We've definitely seen the rise of order book style dexas. They're in high demand. We've seen the rise of GMX and GNS and all of these different style order book dexas, but very few of them are able to sort of really cater to a true trading experience. Maybe they've fulfilled a lot of liquidity.
speed of transactions aren't quite where they need to be. Sustainability for market makers can often be a struggle as well. So if we really want to drive creating volumes within the DeFi space, being able to provide the necessary infrastructure and liquidity is absolutely important. And I think that's something that orderly without a doubt solves.
For sure, and I definitely think that makes you guys unique amongst all the other DeFi protocols. So that's great to hear. I want to move on to this, you know, notion of blockchain operating systems or boss. I think we recently saw the launch of this. And this question is more
for Boeing. So what exactly is this? Can you explain this to the audience who might be curious about this and what does this mean for for near? Great. Thanks. Yeah, boss, basically, if you don't, if you go to near the all today, near
the official website for many blocking. You can see the whole website is actually operating a basketway and they are different projects on the website.
including Uniswap, Wine, Sink, Swap, Enzygizink, Quick Swap, Polygon, Lido, Duelium, and many other applications. You can directly access from Nierdorg and you can log in into your Madermass Wallets and through
directly access those applications. So I think the documentation and what it is, you can probably look at the documents or if you develop it. But to retell what doesn't mean is that
We are using boss as the final layer for any applications or ecosystems to improve on the user experience. That's only where near. That's what we see only possible near.
I think the side how it works is you basically have all these applications on different networks wherever you come from like you can be on layer 2's on Ethereum it can be like you're on Ethereum and layer 1 it can be on app toes you can be on like so you can be on cost
The customers, all these applications can actually like on different networks, chain-nostic, they can deploy their front-end code on there, right? That's like probably minimal work to be done by the projects or by the community. And what it offers is what
those codes and deployed on near and front end codes deployed on near. What truly happens is you're still interacting with the underlying blockchain technologies, you're still on the line interact with the original blockchain and the original application that
on the blockchain, but what we solve is the user experience. All these applications, once they deploy their front end on the air, what we call them components, and this components can actually be composable with each other.
How does it look like if you go to Neo.org today? Or literally hundreds of applications are already available on Neo.org and with single wallet site name, you can access every application on the website. So the composability of the user experience is where we see
critical right and use the experience overall with what we see is critical piece to lower down the barrier for any users for more retail users to access blockchain solutions to access DeFi right
So that's like that's the to to retail that's the most what when I consider the most important part. If you are developer, if you if you if you developer, you'll feel like creator or founder of any applications, what boss means is like you
basically deploy a like widget like solution that is on chain that is like 100% open sourced and censorship resistant because it's on blockchain on really just on the buy a wallet
to what by anyone who can't deploy those code. And what is the offer you is, first of all, what I mentioned, censorship resistance, you're not going to explain, you're very long bad, but the other point is provide accessibility. So because
Imagine you are an application and originally you wanted the users to visit your website to access your application or you wanted users to access your ecosystem to view what's happening in the ecosystem.
You basically can through the deployment of the other foreign components on there and different service providers, what we call them gateway like need or org, can actually take those components.
And they can compile different defy applications like Uniswap, like other like GMX together in a single unified interface for the users. And like users don't
even need to know they are using Uniswap for trade. They don't need to know they are using Ava for land and borough. They don't even know like they are using GMX for open lawn and shore positions.
users just know they are like they're using per right they are they're they're low and short they are making a swap they are making an solution they're like making some uh bro landing um um yeah so like
So the access ability for applications, what we consider as critical, you actually open up your business. Like how people use Uniswap widget.
much more scalable way and more decentralized way. It's what Boss offers. And to an ecosystem, to blockchain, we see that we're actually very, very excited about this technical implementation because that's where we see it can truly change
business nature of this industry. So what I mean by that is I previously, for you to build, build towards your user stickiness and customer loyalty, you want to think about how you want to acquire users to your own website.
And that increases, you basically see a common phenomenon or applications like building different functionalities and keep feeding smart contracts and keep feeding different functionalities into a single contract.
and it's very goes to the opposite direction of business or of specialization in the true real business. So how we see that it changes nature
is a different default protocol or all they need to do is now to think about this specialized on the one or two product or services that they provide and then they open up the front ends. They open up the front ends for
people to compile together to make different user experience and to open up accessibility for people via different like portals, via different websites and it's up to the service providers who are the gateway providers. It could be like
debank, it could be like defanama that can basically using those components to like enrich the customer services that they provide and enrich customer utilities on their platforms such that like they can
have how you use this thickness and the direct accessibility on their website. So we were very excited about this boss, whether you are a developer, whether you are a retail, we can actually use boss today and it's only a little odd.
Awesome, I like to zoom out a little bit, Arjen, and maybe you can go over, maybe why, why near in the first place. What makes near unique in terms of a layer 1 and maybe
But when you can also add a little bit about why you think Nier is good for for DeFi overall and what can people look forward to from near in terms of on-chain trading but Arjun you go ahead first
you have. Of course, thank you. I would echo the comments that Bowen also made and even at the beginning when he leveraged and discussed proximity labs in the near DFI arm. One of the most important pieces and why we're building on near right now is the support that we get from the near ecosystem, whether it's the
projects, whether it's the near foundation, whether it's proximity labs, everybody is super collaborative, everybody looks to support each other and try and develop, you know, a common phrase that we like to use is rising tides, razor ships, and I definitely think that's the ecosystem within near, and we absolutely love building on it.
From a technical perspective, near is obviously one of the most scalable, fast user-friendly layer one blockchains in the space. As I mentioned before, in terms of what orderly is trying to do and what it's trying to solve for, near without a doubt helps support that. I through put low latency, security is absolutely essential.
when we try and create this type of audiobook infrastructure. It really is an ideal match and near is one of the fastest growing layer ones. The number of transactions on chain skyrocketed, they have more than 257 million total transactions, they've crossed over 25 million active wallets.
It's definitely a growing ecosystem and the collaboration efforts really really helps support us. Outside of users, near is gaining traction with developers. One of the reasons that near is Rust compatible, it's very friendly developers, it's incredibly cheap and these things are obviously important when we're talking about on-chain order books.
people don't want to be spending higher gas transaction fees for these type of things. I think this is a prerequisite for any sort of sort of on-changer or it's platform. And outside of this is obviously like Bowen mentioned with with boss it's extremely important to create sort of multi-chain experience. I think it's going
to be very, very clear that user experience is absolutely essential. Audeliers going to offer a true interoperable Omni chain experience. Users are going to be able to natively deposit and withdraw from any chain of their choice without the need of bridging and wait times. And there is definitely a tech that sort of helps us sort of move towards that future.
Awesome. Bowen, do you have anything to add to that? And why do you think Near is good for a D5 overall?
Yeah, yeah, I think I'll give a very good point on that but The water I want to probably wanted to highlight is near cheap a transaction cost is very very affordable and it's fast one of the
like 20 top 20 blockchains, like if you go to the coin get a search for like top 30 projects there, like near is probably the fastest blockchain by chance.
transaction finality. It's one, one, two, two, second transaction finality and that's what's critical for high throughput requested, I defy, I defy venues like like auto
So another part is user experience. We near actually cares a lot about user experience. Although you don't help hear us like me a protocol. They hear you can go to the Twitter. There's not so much healing.
like very loud marketing compared to other ones. But we actually very down focus on the product and focus on what really what users really needed. So like for example, Boss is one of the ways that
we think user experience can improve on the front end. We also on what it like recently launched different features like fast authentication. You can actually use your mobile phone via email or via like facial IDs to create near
account and there's also meta transactions that uses the applications can actually like users don't need to like pay in some scenarios depending on what kind of services they need. The services provided can't have the option
to allow the users to not to pay in year or pay maybe in other tokens or even not pay. If you go to Aura today, Aura Plus is one of the perfect examples that they provide 50 Aura Plus, they provide 50
zero cost transactions per month to the users. That's one of the user experience that we care. So in short, we're very, very affordable. The fastest blockchain by Transag family and we care a lot about user experience. And yeah.
Very cool. And Arjun, I'd like to move back to you and talk to us a little bit about what you guys are building product-wise, anything in the pipeline, what the roadmap is, or what's your vision overall.
Yeah, of course. So effectively orderly allows seamless composability and builder dapp experience. These things are the most important. As I said to you at the beginning, like we don't operate a front end. So from a product perspective, I use as a effectively different D5 protocols. So you're only as good as
is what your onboarding experience looks like. Protocols need to be able to build multiple products, but they also need to be able to do it in a very seamless way. We really aim to bring down the barrier to entry. So if a project wants to go and create a spot order book deck, perps, they want to leverage us from a swap. They can
You know, we have a great, um, perps front end and mobile SDK. We have multi chain coming up in the future. We have staking. We have a community pool. Uh, there's so many different variations of our product that you can do. And I think there are prime use cases, right? Um, I mentioned at the beginning, like not everybody can solve for all of the things that, that indeed find need right now.
now and the future for that is absolutely essentially important. So if you're as an example, if you're a mobile wallet, you know, you should be focused on onboarding user experience, security, user acquisition, you know, but you also want to have some form of trade function or swap function, you know, you then have to be
the game mechanics, on their own token, the user experience within that, within that depth, let orderly focus and handle a swap function for you as well. So we really aim to become one of the largest sort of defy infrastructure projects. We want to grow the next generation of multi-chain depth, allow users from multiple chains to seamlessly connect.
natively deposit and withdraw without really having to worry about producing. In terms of goals, creating that ecosystem is a very difficult thing to do, but we do believe that we can further the future of DeFi by being able to solve for two of those three problems and let those projects focus on the
user experience. And second to that, we want to become the go-to solution for institutional defy at the earlier point of this year. We took a strategic investment from Namura Holdings, one of the largest investment banks in Japan, working with multiple sort of custodians, institutions and focusing
and help them solve institutional defiers are very, very large goal of us, whether that's onboarding permission to order books or whatever it might self-custody, whatever it might be. It's a really, really important goal for us. And the second goal is obviously, sorry, the third goal is obviously the one of the most important things when it comes to decentralized finance. And that's about
users of community. So for us we really want to democratize protocol ownership. We want to give value back from orderly all the way back to our contributors, our stakeholders, projects that build on top of us and anyone that touches the orderly ecosystem. So a suite of different stakeholders should be able to benefit from everything that orderly does from a successful perspective.
Got it. And the same question to you, Bowen. What is the goal for NeoDefi and what are you guys doing to achieve this? Cool, yeah. I think one of the strongest goal is to empower funders and projects like Holtali.
So, main focus is for 2023 and 2020, probably goes through 2021-04. Two of the main focus is our one is audiobook and one is boss.
So on a audible clear and adding a little bit to what Arden said, we think that from an ecosystem perspective, or even from a general D5 perspective, the perp market is very, very undeveloped.
in the today's Steve at Mac right now. Spot is doing better and better. You see that dextrating volumes are now increasing in proportion to centralized exchanges and is climbing every day and probably like today 20% but if you look at perps.
And perhaps on chain and perhaps on in defy solutions that the volumes are not that great, like, competitive like centralized solutions. And when it will need to improve that. And just like very, very big potential market to tackle right now, you probably have like the right
the XGMX but the market share is minimal. Compared to centralize the changes and even like the per market overall in crypto, it's also a very market with large market potential. Do you see that in
introduced to finance like per market, the river market is usually 10 hundred X larger than the spot market and we need to see that in crypto market spot. So I think one of the and the reason that we like orderly so much is that
that originally actually confirmed very experienced DeFi market making or DeFi product building background. They incubated by Wun network and Wun network. Also supported by Kronos and if for people who don't know, Kronos was one of the largest
is probably like top two at some time I'm not sure if it still is on the Y DX contributing by volume wise and they have the experience that they have this experience to provide good liquidity and good
onboard good market makers and onboard good volumes onto a chain. And they chose Nier because Nier is fast. Nier is fast, Nier is affordable and Nier is
near is suitable for their high-focusing trading requirements. And what we do here is to basically deliver the core technology of near into the hands of developers and into the hands of good developers and together build initiative together.
Awesome. So I think we have some time for audience questions. So if you guys have any questions for either Bowen or Argentful Freedda request and I'll select you guys from the audience. I see a lot of familiar faces or familiar accounts here. I want to give some opportunities.
opportunity for maybe some newer guys to come up and ask. First up, we have a bullish monk. Go ahead and let us know if you're asking specifically for, asking your question specifically for Boeing at proximity or Arjunat at Ordinary Network.
Okay, my question is to oddly network. Okay
So I just wanted to know what are your plans for partnerships? What are some of your partners? Can you just, can you elaborate on that?
Yeah, of course, nice to have you here, bullish monk. So our partnerships sort of range from it like a different suite of DeFi protocols. So like I said, wallets, later on games, mass market games, DeFi projects that are looking for a swap function.
multiple different projects built on top of us. You can go and check them out on our website, which is orderly.network and it links to all of the projects that have built on top of us. Some examples of those though, you have WooNetworks, decentralized exchange for a spot, which is called RoofIdex. You can check that out on Dex.net.
We have x.io which you can find at zex.io which has a spot perps and swap function and we have jump defy as well which is app.
jump defy.xyz and again we have a suite of other projects that will be announcing in the coming weeks, coming months for multiple different financial products so go and follow orderly network on Twitter and you'll be able to see those as we announce those in the coming weeks.
Awesome, next up we have Tolga, go ahead and unmute yourself. Hey man, thank you. My question for orderly also, you guys
have recently introduced curves on your partner dexes. Actually, I wonder that part could you tell us about the primary results about that? Thank you.
So we're currently in test network for perps. I just mentioned some of the partners that have already integrated with perps. You can go and check out the test net, especially on roof 5 decks. Over the coming 10 to 15 days, you'll see more pieces to that puzzle when it comes
to perpetuate futures and we aim to be launching main net by the end of this month. So we'll have a lot more results, a lot more users and a lot more feedback and especially the different trading interfaces of the different type of financial products on top of on top of our purpose should be really, really interesting. So please do keep your keep an eye out for that.
Go ahead. Great questions, guys. We have time for one more audience member up here. Crypto Bill, do you have a question specifically for BoaNet proximity?
uh... cryptobills uh... you're muted
Alright, if not, let's try get one more member up here to give us one second.
Cool, I think we have Omas up here. Go ahead Hello, can you hear me?
So my question is, how the demand of your token will increase in the future? Or what steps would you take to increase the demand? How will you attract investors?
Yeah, I can. Yeah, Bowen Bowen or I already know like any of you guys can take this one.
I can probably answer from the products I need. I think market demand is definitely one area, market demand. Basically, you will want to increase the utilization.
of like, Nito can buy different service providers in an ecosystem, and the way we're going to achieve that is it is to like more up to
like orderly, as they submitted more transactions and onto the network there will be more gas fee paid in there. That's one of the areas that usually a network can increase
And basically near right now is basically a gas token in the network if you wanted to use it through any activities. And secondly, I think that secondly,
BOSS blockchain opening system could be one of the ways. Could increase market demands as well. And the way how works is for any components that you build near.
That's basically single transaction, right? For any updates, that's another transactions. So transaction is one of the ways to
drive for network feed demand and also there's a storage cost because all this basically CSS V and end it.
And and and for HTML codes are essentially stored on here, and the storage need to be on cast as well.
We don't very well, especially if you all tokens. God, are you any of anything to add to that?
Sure, so interesting question. So, orderly doesn't have a token currently. But like I mentioned before, the big focus for us as a protocol is to democratize protocol ownership and give as much value back to contributors, stakeholders and anyone that touches the orderly
ecosystem. We do believe that that will drive continue to drive protocol revenue and then obviously we ensure that we distribute protocol revenue to all of those contributors, stakeholders and anyone within the orderly ecosystem. So yeah, I can't say that we'll be driving token price up or anything like that as we don't
have a token currently, but I did mention a lot of different projects that are built on top of orderly. So if you are looking to contribute and understand a little bit more about protocol ownership and what those rewards and incentives look like in the future, then definitely go out and try those products. And like I said, we're only as good as the community
members and the project builders that build on top of orderly. So if there's anyone in the Twitter spaces today that works at a DeFi project and looking to understand more about orderly or community members that are looking to trade, then definitely come and check out some of those projects that are built on top of us. And as I said, those rewards will come in the future.
I think that's a great way to wrap things up and, unfortunately, we've run out of time. I'd like to give both of you guys just a chance to give your final thoughts or where people can find out more information about you guys you want to
You want them to be following you guys on Twitter, on Telegram, or where can they find out more information about both proximity and/or delete network. But when you go first.
Sure. Yeah, I'll suggest people keep it close to what is going to what's going to come up on near protocol and proximity and did
You also need to look closely on orderly as well. On the topic of boss blocking opening system, one of the focuses that we have is very
new, there will be a lot of announcements coming up, there will be a lot of new partnerships coming up and some of them will be actually quite exciting. So keep an eye to that and look closely to what happened
in the proximity to the account and near political data account. And you would know the most updated things on what's happening on bus. And also if you go to mid-Aug today, you can actually play it around
And if there's a search bar, you can actually search like for one each, you need swap, LIDO, Sync swap, and all these applications are already available there. Try out.
So the orderly network Twitter is a is a speaker on the stutter space to come over and follow us on Twitter on orderly network. We have a suite of different updates, lots of threads. We do a crypto weekly round up as well. If you guys are interested, we're going to have loads of partnerships in the coming months. And like I said,
We are not to drop too much after, we're maybe 10, 12 days away from pushing perps to mainnet across a suite of our different projects that are built on top of us. You can also go check out our website to learn a little bit more about orderly.network. And when you click into the home page, you can learn lots about what we're doing.
you can see all the different partners and different decks that you can go and trade on as well. Drop into our Discord as well, ask questions, tag me in comments, tag our marketing team and comments. And we're also looking, like I said, we're democratizing protocol ownership. We need community members, we need people that understand what we're up to. So come and be a part of
come over and be a part of what we're up to. It would be really exciting to have you guys there. Great. And both Arjun and Boen, I really appreciate you guys spending the time to come on here. It's extremely insightful Twitter space. And for those listening, as always, this is only for informational and educational purposes and not investment advice.
And yeah, so very happy that you guys all came. Hope you guys learned something a little bit more about proximity near protocol as well as orderly network and see you guys next time. Bye. Thank you. Thank you, team. Thank you everyone. Thank you. Thank you guys. Thanks for happening us. Thanks, Tim.