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THE MERCURY UPGRADE (feat. ICL & the NF)
Recorded: March 21, 2025 Duration: 0:41:29Space Recording
Short Summary
The recent discussion highlighted the upcoming Mercury upgrade for Neutron, marking a pivotal project launch that promises to enhance network performance and introduce new products. The collaboration with the Cosmos Hub is set to drive significant growth and innovation in the DeFi space, positioning Neutron as a key player in the evolving blockchain ecosystem.
Full Transcription
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C4 C4 Music សាងាងាងាងាងាងាងាងាងាាងាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាាា� Hey guys,'s everyone doing? Good. Good. Why don't
we? I appreciated the nice can opening sound effect right at the,
right at the end of the music here. Somebody is geared up for the space.
Yeah, that was me. I realized I was unmuted and that the music stopped and I just opened my,
yeah, that kind of shit.
His fifth Red Bull of the morning, he just opened it up.
His fifth Red Bull of the morning, he just opened it up. Yep.
Yep.
Basically.
When you got a routine, you got to stick to it, man.
Absolutely.
Awesome.
Well, welcome everybody to the space.
Yeah, we're going to be chatting about the Mercury upgrade, which we just announced on
Monday.
I'll pin the announcement to the top of this space
so you guys can check it out for those that are in
that may not have read the whole thing.
But yeah, we're going to be going through kind of the Mercury upgrade.
What are the implications for Neutron?
What are the implications for the Cosmos Hub?
Answering any questions that people have about the upgrade as well.
So if you have questions,
what I would recommend is you can either, if you don't want to come up and speak in the space,
you can always just drop them in the replies for
the space itself on the tweet, you can always just drop them in the replies for the space itself on the tweet.
And then we can read it out and have these guys answer them. Otherwise, at the end, we'll have
time for you to ask your questions as well. So you can just request to speak
at that time and then we'll bring you up to ask your question. But maybe a good place to start.
time and then we'll bring you up to ask your question.
But maybe a good place to start.
Obviously we've got, for those who don't know,
I'll just give a brief intro.
We've got Spade, co-founder of Neutron.
We've got Magmar and Barry here, co-CEOs of Interchain Labs,
which is the development company behind the Cosmos Hub.
And so, yeah, like I said,
we're gonna be talking about the Mercury upgrade.
Maybe a good place to start is,
Spade, on the Mercury upgrade side of things,
could you give a brief overview for those,
for those who are listening in on like,
what the Mercury upgrade is,
and when it's expected to occur?
For sure.
Yeah, so depending on governance,
assuming that all of the proposals kind of go on chain
and are approved, the upgrade would happen
on the 9th of April, so pretty shortly.
And it does a bunch of like,
it's transparently the largest upgrade
of the Neutron network ever.
It does a few things.
The first thing is it graduates the network from being secured by the Cosmos sub-validator set to being secured by its
own validator set and staking and well Neutron staking basically instead of replicated security.
It fairly dramatically improved the throughput as well as the performance of the network, which helps
with UX and financial efficacy. And it paves the way for a number of product launches, including
Supervolts, a bunch of use cases for NTN as well as liquid-staking NTN. And it paves the way,
basically, for further improvements of the network over the year
that we can maybe discuss in more detail to us.
Yeah, absolutely.
Maybe Barry and Mag and your guys' sides,
how do you see this as a benefit for the hub
and maybe some of its products?
I think there's a couple of ways to answer that question.
One is sort of like what Neutron will be
and what that can offer Cosmos more widely and the Hub.
I mean, I know that there's a lot of really cool products in the works.
I'm aware of Super Vaults and the Neutron becoming a lot faster
and being a really good place for DeFi.
And that's all very exciting to me.
I think from the Hub's perspective, or at least from my perspective in terms of how the hub will change, the first is sort of sun setting ICS is going to be good for the hub,
in my opinion. It sort of sunsets a product that for a very long time I think was holding us back.
I think you might have dropped back right now.
At least I can hear you. Yeah, I lost him too.
Can you guys hear me though?
Yeah. Yes.
Loud. Yeah, I can take it from there.
I mean, yeah, I think really for a long time, the hub's
primary product has been this ICS product, which has had two ways to use it, fully reusing
the hub validator set and using a part of it. And now we're in the very early innings
of actually massively expanding what the hub is offering
and extending what the hub can offer to anyone that has an IBC connection to the Cosmos hub.
We want the hub to become a massive distribution aggregation platform for the Cosmos ecosystem
and really all of cryptos as IBC expands anywhere that IBC can touch.
We want the hub to have an opportunity to offer assets to offer in the future access
to Oracle feeds and bridges and on ramps and off ramps and custodians and exchanges.
All of these resources that app chains might typically get from an L1 that right now they
can't, the hub is going to have solutions here and it's going to become this massive
interchange marketplace.
And so as Neutron scales, I think Neutron is going to scale into an excellent customer
for that marketplace.
And we're really excited that this is going to be kind of like the
first step for that. I know the Neutron team has plans to use the asset offerings that
Eureka is going to be bringing to market very shortly. And that's going to, I think, be
like the first kind of step there. But it is really just the first. Like as the Neutron
DeFi ecosystem flourishes, that's going to continue to drive value to the hub. And I think it's going to be now in a way where
they aren't limited by some of the downsides of the ICS product that they had before. So
we're really excited about it. Did I cut out by the way?
Yeah, yeah I picked up.
Oh okay, okay so I realized with spaces if you don't stare at your phone and keep clicking
so it stays on that you just cut out if the app or it felt like I go into like a lock
screen so.
Yeah.
I'll fix that for the future.
Yeah, no it's honestly.
Great software engineering right there. Yeah, yeah
I came back in and Barry was talking I was like wait what I was like halfway through by model lock. Okay. Yes
Yeah, is there any is there anything you wanted to add because you kind of got cut off like fairly early on and what
You were saying Meg
So, I don't know if Barry covered everything that you wanted to touch on there,
but if you wanted to add anything, feel free.
Damn, yes.
So I was just saying a couple things like that,
it does pave the way for us to figure out
how we can use the Hub itself
as a smart contracting platform in the future.
Obviously, that's going to be its own decision, but it does open up that possibility.
And I think that's exciting because we can create something for the Hub that makes it really special for applications to basically use
the hub's position and its IBC centrality to create these supercharged multi-chain applications,
which we're really excited about.
Yeah, one thing on that, a couple of comments here.
First I think in the initial draft of the proposal,
what we wanted to express was that like, this was like neutron,
like not using ICS anymore.
It was like really exciting for the hub because it enabled kind of like the
ability for the hub to like, you know, sovereignly decide to have this thing
without having any sort of like any other kind of relationships or stuff
to negotiate and try to compromise.
And that this ability to make bold decisions
and go towards one unified vision that everybody
is able to rally around is kind of like the thing
that the hub has missed for a while.
But it wasn't expressed properly in the proposal.
It made it look like that was kind of like was like, kind of like an end, like,
you know, that those things were being discussed or decided upon in the same proposal, which
wasn't the intention, but was poorly drafted. So that should have been fixed now. Like, the
proposal has been redrafted. So hopefully that helps clarify this. I just wanted to also share
intentions and why we thought that that was exciting actually to have in there, but just wanted to also share intentions and why we thought that that was
exciting actually to have in there, but properly phrased this is obviously better.
I think another thing to Barry's point, Barry was talking about how Neutron was going to
grow into an exciting customer of the hub.
I think we're already seeing this.
If you look at the ABCC channels that the hub has
with other networks today,
Neutron is by far the second largest.
And it's driving dozens of millions of dollars a month
in volume to the hub.
And so as the hub builds services
and more offerings around this,
this volume will grow
and this volume will start generating value
for the hub in various ways, right?
So I think that that's also pretty exciting.
Yeah, absolutely.
Maybe one question that the audience has
that we can ask as well is like,
why collaborate and support neutrons move
to become an independent network versus doing some merger with like the Cosmos hub in some way?
Maybe we could toss it over to to Barry to start.
Yeah, yeah. It's a great question. I think, Ara, we really have a lot of respect and appreciation
for the Neutron team as builders. You know, Mag and I have known them for years now, including
you know, the duality team before they joined. And so collaborating with them is definitely something that we want to do,
and we've always enjoyed.
And before moving into Interchain Labs,
they were heavy users of the skip product suite and still are.
And we're excited for that to grow with the hub as this, you know, interchange marketplace and distribution platform.
But actually doing a full blown merger
is something totally different.
I mean, there's, the Neutron team is really focused
specifically, right, on DeFi
and trying to drive value around DeFi
and really specializing in that,
specializing it in it up the marketing stack
and down into the tech stack
and everything about the team and the chain.
And from the interchain perspective,
we think DeFi is a huge application
for the Cosmos ecosystem and stack,
but it's not the only one that we want to focus on.
You know, there's a ton of existing users and upcoming ones of the Cosmos stack that are focused on real-world assets and institutional tokenization platforms,
things like Mantra and Ando and a bunch of others we're talking to. There
are a lot of deep-in projects that exist already in the ecosystem and many more that are coming.
I spoke to like two different ZK teams that are thinking about where to build their co-processing
networks and we want the hub's service offerings to be broad and to be broadly available to
all of these different folks. So we need to take a different kind of approach in the market.
But the Neutron team is still going to be, you know, really important
customer and relationship for the hub.
But given all of that business context, we don't think a merger makes sense.
Yeah, I also think like another thing that like business context, we don't think a merger makes sense. Yeah.
I also think another thing that people tend to underestimate
in these conversations, right?
Like sometimes you think about these things from,
hey, great team here, great team here, combine them,
boom, even greater team, right?
Like on paper, it sounds great,
but realistically speaking, any of these mergers,
and ICL has just gone through one of those It sounds great, but like realistically speaking, any of these mergers, like, and, and you know,
like ICL has just gone through one of those like in, in like recently and like you've, you've seen
sort of like the, probably the scope of the work that is required and actually pulling some, some
of these things through.
It's like, you have to realize that you're changing, um, legal and corporate structures, right?
So you have all of the legal work, you're merging like and corporate structures, right? So you have all of the legal work,
you're merging like teams and stuff, right?
So you have to get people to know one another,
you may have redundancy in staff,
you may have like missing parts of the staff and stuff.
So you have an entire overall of like the team structures
that are required.
And then we're not even yet talking
about the technical stuff, right?
Like here, the idea of merging blockchains is like,
oh, on paper, it's nice. You have some modules and stuff. But the reality is,
what makes the blockchain valuable isn't just the features and functionalities and modules,
which may not be all compatible or portable from one to another, but also there's a whole bunch
of state, all of the accumulated transaction, industry, and tokens that people have launched.
all of the accumulated transaction history and tokens that people have launched. And migrating
that over is like, first, it's very dangerous in the sense that if you fuck up something,
you have the risk of actually ruining somebody's actual holdings and possessions, so you can't
really fuck it up. And two, that creates tremendous work in even designing, testing, implementing
all of these things.
And so the reason why, one major reason why I think
a merger doesn't necessarily achieve the objective
that people see in it is that for it to even happen,
that's probably at least six months of the teams involved
in that merger focusing fully on that to just make it happen. But that's also then least six months of the teams involved in that merger kind of focusing fully on that
to just make it happen.
But that's also then six months that you haven't spent on
or allocated to actually building towards the vision
you had in the first place.
And the market is not waiting for you.
Like there are projects all across that
are growing on their visions.
And what's exciting about the hub today
is that it now has a vision.
It knows exactly what
it wants to do, and it has a lot of people who are actually capable of executing on this.
I don't think that getting those folks back to square one focusing on doing some legal and
whatever isn't necessarily what you want to see from the hub. And likewise for Neutron, we're
trying to grow this ecosystem into a beast.
And that will take all of the intelligence and the time and efforts of all of the contributors
all across the ecosystem and tight coordination to make that happen and to make it into a powerhouse
for DFAT. And so yeah, I think the idea is always appealing and attractive, but in practice,
it's not that simple. And in practice, it doesn't necessarily like achieve the objectives that you could see for it,
if that makes sense. Yeah, that makes sense. I don't know if this is an issue with the space,
but on my screen, it says that Magmar dropped off being a speaker. Is he still up as a speaker on your guys' side?
Nope.
Okay.
Yeah, I don't know if you can hear us, Mag,
then just try and leave the space and join back,
and then I can add you as a speaker again.
But in the meantime-
Ilan woke up this morning and he was like,
you know what, Magmar, but you specifically.
It's rough.
Yeah, I mean, just going back to Averil's point,
just to put it very simply,
doing any kind of merger would cost us minimum six months,
tons of money and could possibly kill me and Mac
after having just gone through it.
Like it is a horribly intense and brutal process
and it takes so much time and energy away
from actually building product and building narrative.
So not something we wanna do right now
as much as we love the Neutron guys.
Am I back?
So back.
Yes, you're back.
Welcome back.
This space is extremely buggy.
This is very bad software.
Yeah, it's terrible.
It's honestly terrible.
It's the Twitter cabal there after you, Mag.
I mean, wouldn't be the first time.
So I was going to say very quickly, put very simply,
we can't just acquire every team that's good.
That's not going to be good for Cosmos.
And as much as I'd like to do that,
I mean, working with Spade and Elijah and the rest of the team would be awesome in that way.
And we have worked that closely before on certain things. But we need them to be successful independently.
Because part of what we're selling at a high level as an ecosystem is you can come here, you can work with
the hub, you can build on the stack, and you can be a successful L1. You can be a successful
AppChain. That's actually literally the whole thing for sale. That's kind of the deal.
And if the feeling is, well, the end
state of everything that's good in Cosmos
is you get acquired by Barry and Mac,
we're not going to have a very exciting ecosystem, right?
And so in fact, at this point, I'm quite anti-acquisition.
I much prefer and much more, is for us to, at the ICL
and at the foundation and at the Cosmos Hub level,
work with folks in a very value-additive way,
where we can see some value from it, and so can the chain,
and we can help them become successful independently
As long as they have a relationship with the Cosmos Hub
Great, and this is a great example of that, you know, Neutron has had a relationship with the Cosmos Hub
It's kind of been their whole thing for a while
Uh, you know, I think they they want to um
What's that? I beg to defer on the whole thing.
But yes, I agree.
Otherwise.
Oh, sorry.
Sorry.
Yeah, yeah.
I mean, in the beginning, it was a big thing.
It wasn't the whole thing.
But it was a big thing.
First ICS chain, et cetera.
And that relationship isn't going to end.
So it really is in our interest to show that you
can succeed in that way.
Because that's going to be scalable for builders
as ambitious as Spade and Elijah going forward.
Yeah, from an ecosystem perspective,
at all levels, like Mag and, like, Mag and Barry and
Cosmos are kind of like operating at this like macro ecosystem level. But it's also
true for like ecosystems like neutron and such. Like you really like the best thing
that can happen and this, you know, your role kind of like is to give the best chances of
a massive success happening in your ecosystem.
You want to have winners basically.
And so creating the conditions for folks who are ambitious,
who are trying to do things that are valuable is the best thing you can do.
And that applies both to the small contract ecosystem
or an internet or blockchain and such.
internet or blockchain and such, right? So, fully agree with that.
So fully agree with that.
Yeah, so if anyone has any questions as well for these guys, feel free to request to speak.
We can bring you guys up to ask your questions about the Mercury upgrade. Obviously, let's try
and keep the questions that we could obviously ask all sorts of questions, but this space is specifically focused on that.
So if you have any questions about the upgrade, Neutron's move to become a software network, the implications for Neutron and the hub, things like that, feel free to come up.
things like that, feel free to come up.
But in the meantime, maybe another question for you guys
is around kind of the future of both of these platforms,
both the Hub and Neutron.
When you think about the future,
what are you guys excited about?
Maybe we could start with Spade on this one
since we started with Barry last time.
Sure.
So I think what's tremendously exciting is like Neutron
is in a place today where it has a thesis
that I have very high conviction is right.
EG, if you look at most of the DFA ecosystems
in the industry today,
they're fairly highly undifferentiated in the sense that like they're, you
know, the vast majority of them are basically like more or less fast versions
of the EVM and, you know, nothing wrong with the, with the EVM and with
their like performances as concepts.
But it's like, if you're really ambitious about pushing the boundary
of what is possible in, in DFI, you kind of need to go further than this.
And this is what attracted us to Cosmos in the first place,
this idea that you could radically innovate and push
boundaries there.
And this is what the stack enables.
But for a long, long time, doing this purely as ad chains
faced a lot of limitations in terms of the network effects and the distribution
that you can get. And there's one of these limitations that will never go away, which is
synchrony. And synchrony in finance can be very valuable in the sense that it enables further
efficiency, basically, things like flash loans, better arbitrage and such. And so, you know, what's really exciting about Neutron,
I think is we're kind of like the first and one of,
yeah, like basically the first two have gotten
to this like thesis of like, hey, can we both have,
you know, a synchronously composable high network effects
kind of like environment, as well as this kind of like
app specific infrastructure that enables you
to push the boundaries on design. And we're now in a place where we both have this plus an ecosystem
of really talented builders. I think the Drop folks, the Mars folks, and a bunch of other teams,
there's too many for me to name, are really, really talented, ambitious people who know what
they're working on and are basically innovating such that people can have safer,
more profitable, better experiences when interacting with these products.
And some of these are really groundbreaking.
I think, for example, Supervolts are redefining how liquidity is handled in the space.
Basically, they're fundamentally better primitive.
And so put these things together, I think it really doesn't take a lot for that ecosystem
to sort of like, you know, it just needs like a small catalyst for that ecosystem
to basically like explode and grow and such.
Right.
And I think with, uh, with mercury, with some of the upcoming products that, that
we mentioned around like Bitcoin yields and such, um, and super volts and, um, the innovation that like Mars is bringing together and such, and Supervolts and
the innovation that Mars is bringing together and such.
I think we're really well-placed to see that happening this year, basically.
And so that's kind of what we're fully focused on, if that makes sense.
I could run through a couple things for the hub that we're excited about.
So to start, I mean, I think everybody knows at this point
we're shipping IBC Eureka very soon.
So IBC Eureka is an upgrade to the IBC protocol
that lets us connect basically everything to the hub directly.
The idea is to use the hub as a router that
connects all chains together.
And so we're starting with the theory of mainnet.
So for the first time in Cosmos history, we'll have a direct IBC connection between the hub, in this case, and mainnet.
And we're launching that with a bunch of really exciting launch partners and have more down the line, Neutron hopefully one of them.
And we anticipate that driving a large amount of flow.
Did we just lose Mac again?
I think we did.
Yeah, we definitely did. Go ahead Barry, do you want to pick up where
you left off? Yeah, the hub is becoming a hub in every sense of the word. We're on
the way to become a distribution and aggregation platform for all the
resources that app chains need to thrive and scale.
You're going to see that starting with Eureka and these connections to other ecosystems
and super importantly, massive asset issuers in those other ecosystems who are going to
be issuing with Eureka into the cosmos, potentially billions of dollars over the course of the next few months. And
we're excited to work with Neutron to find use cases in their ecosystem for those assets.
But again, that's just the start of the hub truly becoming a hub. And we're excited to scale that
and to drive value to Adam that way and drive value to the Cosmos ecosystem.
And we're super well positioned to do it.
The Cosmos SDK gives us an incredibly valuable relationship
to the developers and SkipGo and our end user facing products
that are getting integrated everywhere
gives us an incredibly valuable relationship to end users.
And that's going to position the hub super, super well.
I'm actually ready for this one.
Just wanted to add to that EVM OS.
We're really excited about, too.
Very true.
Thank God Barry's here and can pick up when I get cut off.
But yeah, we're really excited about the EVM and Cosmos.
We plan on deploying that in multiple different places. And I think that's going to open
up basically a bunch of new integrations for the hub and for other places that are going to massively
accelerate us. One thing to add on the like Barry, you said something that I think is
really important, which is like, you know, you want the hub to be a distribution platform.
And I think, you know, like that's probably like an underrated statement in the sense that one of the big differences when launching in Cosmos like today and for the, for the
past few years versus like launching on a platform like Solana or Ethereum is, for
example, let's say you're building a DEX, there's a major difference in your ability
to go after market share through pure innovation because on Cosmos, it's like, you've built
better DEX. That's great. You now need to onboard all of the liquidity and all of the
users and all of the retail,
like all of the uninformed, the order flow basically to make that decks alive basically.
Whereas if you're building on Solana or on Ethereum and such, you have access to these kind of like
routers and aggregators and networks that you can just like tap into. And if you've built something
that's superior or competitive or such, you should be able to grow your market share
just through the sheer volume
that you can win there basically.
And that today in Cosmos almost doesn't exist.
The only team that has tackled this problem successfully
and at a meaningful scale is you guys with,
iBC.Fund, the SkipGo API.
And that's massive actually,
because getting these kinds of distribution
for these kinds of like asset and order flow
is the best way to actually encourage innovation
in the ecosystem and to create like conditions
for people to be able to bootstrap
and then have these success stories, does that make sense?
100%, yeah, that's super true.
You know, even today, SkipGo routes tons of order flow
into duality as it's begun to scale.
And it's through both native applications on the hub
and these kinds of aggregators that we can build and align incentives around that we can drive value
to the ecosystem, help the ecosystem win
and help Adam win.
So we're super excited about all of that.
Make the hub a hub.
Make the hub a hub, there you go.
There was one question that we got in the replies from Chris which was, how does the Mercury upgrade strengthen Neutron's role in the Cosmos ecosystem,
particularly with respect to IBC and cross-chain DeFi applications? Maybe Spade, you can take
that one.
Sure.
I don't think that that's what Mercury does, basically.
I think it's strengthened Neutron in the sense
that it's going to massively bolster the local economy.
First, there's a few ways in which it does this.
First, it's enabling new primitives to launch.
And these innovations are going
to help us increase efficiency, attract new users and capital into the ecosystem. And
two, it makes the n-terrain token more, it drives more utility and value to the token
by enabling it to be way more usable in DeFi in a bunch of positions, which kind of solves the problem that Neutron had
as a platform for a long, long time,
which was that there was a token which was useful
for the platform to have its own governance and such,
but it wasn't the most appealing that you could use
in the platform's ecosystem, basically.
And so as a result of this, you kind of missed out
from the ecosystem's perspective on a lot of the
growth that the network could give itself, basically. And so that is changing. And so
from that perspective, it's going to strengthen Nutrient's position, not just in Cosmos, but
in the industry, just from the perspective of growing the network effects of the platform,
the velocity of capital on the platform, et cetera, et cetera.
Now as to the sort of like crushing application view
and such, I think the reality is that like,
Neutron is already the most advanced smart contract,
like crushing smart contracting platforms
in IDC land right now, like to my knowledge,
is the only one that implements kind of like,
you know, ICQs and like ICAs for small contracts and such.
And like, there's a bunch of like second layer
kind of like utility and toolkits that are built around it, like small contracts and such. And like, there's a bunch of like, um, second layer can like utility and, and
toolkits that are built around it, like valence and such, um, which w w which is
like very granular and expressive.
Um, but the, the, the reality is that like, you know, it's all about market sizes.
Right.
And so for, for the interchange to grow, and this is why I'm so excited about
Eureka, right, we need to stop being so focused inward and we need to start talking to like bigger markets,
new assets, new pools of users basically, and provide services that are valuable to them
basically. So yeah, that would be my two cents. Yeah, agreed. I don't see any other questions in
the replies and no one requested to speak.
I think we should probably talk about something that a lot of people have been talking about
since the proposal was live and such. But so, you know, in the proposal to the Cosmos
Hub, we sort of like asked for both the hub to signal support for the migration. And the reason why that's important is because
if like new Sean could fork away
regardless of what the hub thinks,
but doing so would basically damage like, you know,
first it's not what we want to do.
And if that happened, it would damage,
it would break all of the ABC channels, right?
All of these would have to be rebuilt and such, and potentially like put
user funds at risk and such, right?
And so it's very important that the whole hub community and Balsit is kind of
like bought into that so that the migration happens like smoothly.
All the channels are migrated.
All of the funds are, you know, safe and such, right?
That's kind of like the first item.
And then the second item, which is where there were a lot more
intense conversations, where we proposed
that because the relationship between the hub and Neutron
is evolving and because there's all of these entangled past
relationships, including around the tokens that
were unclaimed of the of the neutron airdrop and that were later dropped to
the Cosmos hub with a couple of rules and such. Like we proposed to like untangle all of these
things kind of like create a clean slate by basically, you know, just like returning some
of the tokens, allocating some to the validators, allocating some to further incentives and
collaborations between neutron and hub and such. And so, you know, really quickly maybe it
makes sense for us all to like share our thoughts on this. Barry, like perhaps first since you have
to drop soon, I believe. Yeah, I like, you know, the thing, I guess just I'll just give my concluding remarks generally, which is we have a relationship
with the Neutron team.
We're super excited to support them with Hub products.
Starting with Eureka, there's going to be a ton of flow, ton of usage of Eureka assets
in the Neutron ecosystem.
We're already cooking a bunch of stuff there.
Going forward, that's going gonna expand as other things do.
We have a rich history of collaborating in the past.
I think, and then two, I think like Neutron
becoming its own sovereign chain is gonna be huge
for the Neutron ecosystem.
And through this product-driven relationship
that the hub's gonna have,
that value is gonna flow back to the hub.
And we're just super excited for all of that to happen and we really hope that the community is is too. We think it's gonna be great for everyone.
So that's my final remark. Two cents. Super excited for all of it.
Thanks. Appreciate your time, Mario. I believe you have to drop right now.
Yeah, I gotta run.
All right. See you soon, sir.
See ya.
Thanks for hopping on.
I think we lost Mag again.
It's like the inevitable challenge of these spaces.
And specifically, he got rugged more than a lot of people get rugged on here.
But yeah.
Yeah, if there are no more questions from the audience, I think we can wrap up here.
We went over actually a little bit of the time that we were planning on originally
going for about 30 minutes. So yeah, thanks everybody for listening in. And for those who
have been engaging on the governance forums about the proposals, both on the Cosmosub forum as well as on the Neutron forum.
If you have any further questions on the Neutron side you can always join the
the Neutron Community Telegram channel which you can find a link to on our website Neutron.org
and then we will obviously will be in there to answer any questions you have about the Merc upgrade or Neutron more broadly.
And yeah, thanks to Barry and Mag for joining us, as well as the Cosmos Hub account as well for co-hosting.
And we'll see you guys on a future space.
See ya.
Cheers.
