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The Next Chapter of Radix: 2026 Strategy
Recorded: Jan. 16, 2026 Duration: 0:46:42Space Recording
Short Summary
The Radix Foundation is navigating strategic partnerships and community engagement to enhance its market presence and user adoption. With a focus on collaboration, the foundation aims to leverage existing relationships and explore new funding opportunities, reflecting a proactive approach to growth in the competitive crypto landscape.
Full Transcription
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Music Music Music Music Music Music Music Music Music Music Music I'm going to go to the next video. Music Oh I'm I Good evening, everybody. My name is Adam. I'm the CSO at the Radix Foundation. And joining
me today is none other than Andy, who is the CEO at the Radix Foundation. Andy, can you
Can you hear us?
hear us?
I know X has been having quite a few problems.
It went down.
We were meant to start half an hour ago and seems that it is still having some issues.
So we will pause momentarily until we get Andy back.
How's that?
Is that any better?
Yes, we can hear you andy sorry although incredibly x is telling me that there's no one else who's up on as a speaker you were there you've disappeared so i
don't know how you're talking but it's working so we'll go with it that's good stuff that's good
stuff um cool um shall i kick off then go for it yeah cool well hello everybody thanks for tuning in
um i don't plan to go over the blog post that uh that we put out but maybe just add a little bit of
um color to things that have been um going on i think first of all i can't say enough good
things about the team who've been delivering um the last year or so, despite being 10 percent of what RDX had.
And the community know names like Gennady, who's been very involved.
But there are others who they won't know who, though I have to acknowledge, have worked on their holidays, either with the families or those without families have taken the computers away and actually worked on their holidays either with the families um all those without families have taken the
computers away and actually uh worked on things with market makers and others um keeping everything
on track like the worth ethic has been amazing so like a massive thank you to um all of them
um i think you've you've also covered it you know in that book close the conclusion
where we came to.
Look, we need a strategic partnership that's going to catapult us to spotlight the tech, to get it the recognition and the volume user base that we've been unable to deliver, know the best efforts of everybody and and in that i mean
including idx they spent a lot of money um trying you know various things um to do that um and we
just weren't able to and so a strategic partnership you know was really the only route forward um
on that as well andy i think the strategic partners aside there's quite a lot
of questions often come up in the community of like oh just raise raise some money raise some
raise some funding that can do it i think there's also a sense that you have to accept reality of
off the back of some of the events that have occurred in in the of Radix, all the tokens are distributed.
And there's a foundation allocation and some other allocations and things like that. But
fundamentally, if you're raising money, you either have to be able, most people wanted a discount
toward the current spot prices. And so you have to be able to justify over that. And a strategic
partnership isn't just about the financials. And we're in an
industry where others have raised hundreds of millions of dollars. And you can sit there and
go, well, why didn't Radix in the past, whatever else? And the thing is, you can't change what
has happened. We are where we are, right? We are where we are. So a strategic partnership,
if you look at something like the sort of partners that we were looking at,
obviously we can't name them, but a good example is if you look at, say, like Coinbase launching
base, Coinbase publicized, they have around 100 million monthly active users on Coinbase,
and they've captured about 10 million monthly active users on base.
Into base, yeah.
That is probably about $100 million worth of marketing budget to get that.
Yeah, and the rest.
Unless you've got the 100 million users already to go,
hey, we're doing something here.
Same will happen if any other major partnership
or company does something.
They can move a lot of stuff there.
So there's the non-financial value of those as well.
Yeah, that's exactly, yeah.
Spot on, spot on.
You mentioned confidentiality there as well. And I accept that this is a problem to community. I see the comments in Telegram. But the legalities are really straightforward.
Confidentiality agreements are between entities. And within those entities, again, typically only a few people aware of the conversations have this extend the life of that confidentiality
well beyond the life of the conversation so you know three five years or the usual clauses until
such information is public and this applies to the company and the individual separately
you know it confers trust between the entities on future
projects as well and you know as people move around if you breach trust in one company others
find um out about it so i get the frustrations i get people might even not believe and say we're
you know we're making all this up there is not a great deal we can do to circumvent those confidentiality clauses
that we've signed up to, that we are, you know, liable as a company or liable individually for
breaking those. And, you know, unfortunately, that's, that is a situation. With that said you know the the sort of previous five months or so of um
business development efforts to find a new partner at the beginning of december um i was sure we were
going to land either a large exchange so you know and it wasn't um coin or Binance, but the example you just mentioned around Coinbase.
So that sort of model, you know, we we work with them.
They bring a large audience and that gives us a significant boost.
The other was an older but well established wealth funding L1 with Radix as a sort of L2.
funding L1 with Radix as a sort of L2. I was convinced one of those two would land
potentially both. The exchange, as you know, we reach sort of board and M&A lawyers,
but towards the middle of December, they confirmed they weren't going to progress it.
December they confirmed they weren't going to progress it um and from what I can tell they've
done nothing since so I'd say the door is ajar on that one but it's certainly um you know not open
the L1 is still interested um but they want to fire up conversations in sort of six to nine months for reasons which I am aware of, but can't comment on.
And, you know, we don't know whether in six to nine months they're not going to say, hey,
we need another six to nine months before we can have a conversation with you, or they might have
changed their mind. We have another potential viral intermediary that you're aware of as well that wants to talk to us
actually next month. But again, you know, that particular one is nowhere near as far down the
line as the other two were. So that's kind of what got us to the, or what's changed really since
our Christmas. And I think maybe a bit more context like the current structure
we have was set up by peers um five plus years ago and it's kind of not what you'd set up if we
had today and you know the whole design back then was around having this um set up for a sort of regulated institutional world um and it's kind of not what we'd do if
we started again um today but the cost to change would be high and you know and impractical and
you know last year there were way better options for us particularly given the
the backs the black swans that we had um delivering and by that i mean you're delivering the short term you know
wallet wins um that we did delivering um hyperlane and then the incentives and then you know the
focus on um strategic um partnerships um you know basically when peers and rdx disappeared we had to
stabilize the network it really wasn't a good time to consider a community handover
and then dan died um you know also that wasn't a good that wasn't a good time um by the way um
did you and i hope people in community when i spoke about dan dying at that time
go and get your blood sorted out did you go and get yourself checked out um adam did you get that done i did good boy well done well done i'm as healthy as i've ever been
good good good good well i hope everybody else in uh in community goes and does the same just to
get yourself checked out peace of mind so what sort of changed really then um over christmas and like you and i spoke
probably every day um despite our relatives wives uh disapproval i don't think i spoke to you on
christmas day no we didn't that's true that's true um it's probably the only day though um but we you
know we figured like continuing bau without a high confidence in a near term strategic partner was really worse than this friction, especially if, you know, this didn't work out in, I don't know, X months time.
We were going to have to do this with less resources and in more of a rush.
less resources and in more of a rush.
So that was kind of what was the sort of thing that brought us to that decision.
And to be honest, I've been really, really delighted with the progress made since the announcement,
given, you know, that was only a week ago.
Really, really, really, really impressed way uh the way community has has led things in
particular peachy in and around that you know all the things he's looking at in wyoming and other
places it's uh quite refreshing to to see all of that maybe you want to talk a little bit about
you know the proposal process and and the things that we need um we need to do or the community need to settle on before we can
move forward to some next steps. Yeah, so the big thing, and I know some proposals have come
out on proposals for proposals, but the big thing is we're not going to get to an end state
immediately. And ultimately, that's probably not the right thing to try and do,
because that leaves everything up in the air,
not just for the community and the wider ecosystem
and people looking at Radex, but also for the foundation.
We'll have to be like, well, we don't know
whether this is the right direction of travel.
So while we've kicked this off as early as we responsibly could,
we do have a finite amount of resource to put into this.
And obviously, the quicker we're able to transition to a new community-led model, the more we're able to pass over to that community-led function or structure.
So what that basically means is, what are the things that need to get sorted ASAP, in my personal opinion?
is what are the things that need to get sorted ASAP in my personal opinion? First and foremost
is where are there going to be proposals put up, discussed, debated, and signaled on? And this
doesn't mean that everything needs to be locked down, no changes made, but even just like this
is the rough direction of travel. So for example, you mentioned Peachy. I know there's been a lot of things, but up there's like a Radix accountability council. I think that's what they called it,
the RAC. And it's like, that's something which if the community backs that and likes that idea,
and the people who are putting their hands up to be like interim or founding members of that or
whatever, if we get a sense and a kind of temperature check of it of going, yeah, this is
something that the community is aligned with, we can go, okay, it's not the definitive, this is
what's going to happen, but it seems to be going that way. So we will then shift what we're doing
to go, okay, how do we work better and facilitate that, given that seems to be the direction of
travel? Same with proposals. Where are those proposals done? If the community go, we want to do proposals this way, that way, whatever way, that's fine. We just need
to go, okay, that's where it is. So that's where we're all agreeing. This is where we'll be
discussing these things. This is how we'll be dealing with them. And this is how we'll facilitate
them. And the quicker these things get knocked off, it's more just closing down that discovery
phase of anything could happen to going, these are the plausible outcomes, which means we can focus our resources
in that transition on that. So I think it can go quickly. I think we've already seen that. As you
said, Andy, the response from the majority of the community in the last week has been exceptional.
That is the strength of Radix and very much we should be playing to our strengths. And one of
the reasons we kick this off now is that we have an incredibly strong developer ecosystem,
great dApps, great builders, great long-term followers, people who are very aligned with
the mission and that is something that is showing in this last week and we need to keep that up
and just focus on what is the next foot forward. I really like'm gonna talk i really like the idea of um of a council and i'll
put that into some context um in a in a minute for a decision making um process um that links
back into confidentiality because community are going to have to um they're gonna have to solve
that uh not um one comment though like i do look at telegram and i've seen a lot of the comments
about me not commenting um in there um adam you do an amazing job um answering questions um uh in
there and often pinging me at and a half ten at night or whatever it is you know asking questions um and so you know typically i leave you to do the telegram
job whilst i'm doing um many of the glamorous things yeah the beautiful glamorous things i'm
deeply envious of andy like talking to lawyers and dealing with contracts and and all of that
sort of accountants joy yeah yeah so that's um so that that that's that's that's
you know i i am in i am reading uh but i i i typically leave you to do the job because you're
way better than me um in there and i don't envy you that at all so things in in flow and this is
sort of important for key relationships look we've got a got a large fintech, as you are aware, in play.
They're active in, I'm a little bit careful what I say,
over 100 countries.
The requirement for that application includes all sorts
of governance documentation, audit security processes, etc.
And you know, Adam, like we've stalled this um it was also a lead generated by uh sebastian who
we brought in to help um last year i know there was some criticism of him in telegram in some
by some quarters but um this was entirely his um and you know one of the best introductions that
we've had um it requires a large amount of money and in the past
when we've done uh we've looked at things like this and this there's one i can think of in
particular um we actually partnered with rdx on it um because the you know the scale of it
and so i did speak to rdx about um this one one and they've declined to support it.
The fintech will take XRD for the fee, but they've also confirmed that they will dump it on market, basically.
They wouldn't agree to lock it up.
We could sell XRD for that purpose, but given, you know, the current state of liquidity,
that's going to be a reasonably long process to do
and not necessarily in the community's interest.
We are under confidentiality with them.
So this is sort of going back to this council idea you just mentioned.
We can't ask, you know, I can't say it is xyz company yada yada yada you know
would you want to vote you know would you vote on this because i can't tell you who it is um
and and even you know you did an extremely good job on the negotiation with them and we've got a
fairly healthy um discount from their original um offer So we can't even make that public.
So new foundations can have to find a way of managing how these negotiations go and how,
how, you know, how they get decisions. And I was thinking about, you know, some sort of elected
council that, you know, then in a circle that's
helping to make decisions for community as an idea um but it's something that they're going
to need to solve for because these sorts of conversations will only move forward i think
you know under some sort of ndas um another example this is well as like a good example of that as well is that
this is the sort of thing which we did have sitting here like we could have chosen to move
ahead with that yeah the market evidence for it from other similar things is like it could be good
it may do nothing and and it could it could be an off-ramp, right? It could actually do the opposite, yeah.
And so it would make us,
or it could in the short term,
make us look really good
if we announce this just before Christmas.
Hey, we're going ahead with this.
Look how fantastic we are.
That I don't think would be right
in the interest of Radix
to make those essentially big decisions bold yeah
and coming back yeah which this is a bold decision but the community shouldn't be completely cut out
of that and in the current structure that as you say was set up five plus years ago there isn't a
mechanism to it which is why we think this is the time to trigger this this change indeed i think another another example which is just worth
um pulling out there was a very large exchange that i actually signed um in the gary gensler
era um and they they pulled out after his um posturing the way that they worked, and it was, you know, six months or so work,
they, the process was they agreed to list. I had to sign the contract, which I did.
They then integrated without talking to any of our tech team, which is highly unusual.
talking to any of our tech team which is highly unusual um and then the first i know about
the listing and this is to stop you know people from running listing etc
is um that they signed the agreement so digitally comes into my inbox so hey they've signed and then
there was also um you know we had to then pay within a couple of days and then they
would announce within a couple of days and it you know it would be listed and so you might remember
we actually set you know some money aside ring fenced it so it could be moved quickly um for
this now with gensler and his posturing that contract um when it was sort of approved for
signature and then the lawyers went was like no
no we need to look at it again given what he's just said and it went around that loop three times
and then the first um i knew about it was i got the email saying it's been can't you know it had
been cancelled on their end and i spoke to my contact there and like he was saying yeah i'm
i'm cc'd in it that's the first i know of it as well so for these types of things um the community is
going to need a front man and a lead for these you know and they'll probably need to lean on some
you know somebody technical as well um because um they're all going to have them get tied into
the same sorts of confidentiality agreements that we've been tied into.
All the people in that particular one that I've dealt with have all moved on.
So that one would be starting from scratch because of basically what Gensler did,
that entire sort of listing team um
sort of got um disbanded um yeah i don't know if there's any more comments from you in and around
that before we sort of um wander onto sort of the new foundation no i think we should jump straight
into kind of the new the new community structure what's next? We can always go and pick through everything that's happened over years, including a bunch of people who aren't here to argue their point of why they did the things they did. But I think next stage is what really matters here.
I need, like once I understand the likely shape of the new community-led foundation, I can work out
how funds, IP, etc. are moved from the current foundation. So the current foundation, its purpose
is to further the network. You know, it's a not-for-profit, the shareholders or guarantors
actually in the way that it's structured um not allowed to extract
profit so it need if it's going to move funds out it needs to know that the funds are going to go to
an entity or structure or whatever it is with the same sorts of objectives and there's a bit of um
you know legal dancing that needs to be done there. So once, you know, once we know what it is, I can chat to them and also, you know,
our legal guys here just to make sure that it,
you know, moves within the structure
that the Memonauts allow it to do.
Goes without saying they're going to have to be full KYC
and compliance with things like GDPR, et cetera.
It's slightly more complicated with past structures as well.
But, you know, that's the kind of thing that we need to do.
So in order to move things, I need, I'm sort of gated at the moment
to understand what the future structure might look like.
But, look, the pace of discussions and the speed of communication
has been really positive.
The best possible outcome for the future is success of the network so you know once um community have backed the route forward solidifies a plan you know i can lean into that and um
and figure out how we do the you know how we do the moves
um um i think the other thing that we can do but you know both you and i is going forward and post the
sort of radix uh foundation is keep tabs on the conversations um that we've had in the past um
and then pass them over if other parties are willing to engage so um you know the the sort of gdpr rules here is we can't give on information
unless we get permission so um you know we've we you know we reach out to the people and and the
the big fintech by the way um i know that you've reached out to them today to see um what we can
make public and can you know how can we um to explain what we're doing and then
how can we sort of get them um involved with community so um hopefully they'll respond and
we'll figure we'll figure a way forward on that so i think that's about all i can add on the
radix side at the moment there is a a metaverse piece i want to bring up people
may not know what metaverse is okay i'll okay but before we go on to that um is there anything else
like you want me to touch on on foundation side or anything you want to think is like
main thing for me is just timelines.
I'm going to be a broken record on this,
but as quickly as possible while responsibly.
That's the ethos here.
So the earlier that we can get, as you say,
a sense check from the community and show community broadly backing a direction of travel,
we can lean into that.
If that happens next week, awesome.
We and everyone involved in the foundation
are completely focused on how quickly can we work to get this into a situation where
we can hand over as much value as possible, be that intrinsic value and non-intrinsic value to
the community in a responsible way that doesn't cause headaches for radix in the future that's our goal and we're
in a position where we can make sure that goes smoothly in the time it takes but we don't want
it to drag on so and i think you know and i think there's real opportunities um there when there's
you know there's proposals that a lot of people i speak to like they know Radix. They've been following us for a long time.
And the Be The Outreach stuff that you and I have been doing,
it's been us going out.
Not just us either.
I want to give a shout out to a bunch of people.
I won't name them because I don't know if they want naming,
but so many people in the community have made introductions,
made connections.
Some of them have panned out well.
Some of them lead to secondary introductions, et what i'm yeah what i'm thinking though is once this this
proposal system's in place you may get somebody come along and say hey i want you know i want a
bunch of um xrd at this price but what i'm going to do is i'm going to leverage this for you so i i think that
it's another way i joked with machinist last week um on his year in review space that elon
musk could propose lint to buy exactly by radix i mean after x being down for half an hour
maybe maybe that wouldn't get accepted might turn them down exactly yeah yeah so um
metaverse so the the vasp um so the virtual asset survey was like the bridge, InstaBridge.
The company behind that is Metaverse, Metaverse Radix Limited.
That's being wound up. Foundation have tried to obtain the IP.
So InstaBridge, InstaPass, more laterally, Instamint.
So all of that code so that it can
be open sourced um to community um but rdx who are the 100 shareholder of that um you know have
not agreed to that um uh although i did speak to them today and potentially um they you they won't give it to us and they know that basically what i
wanted to do was open source it just in case there was somebody out in the community was like you know
what we're going to do insta bridge without insta pass we want to take the instrument and insta bridge
functionality and do something with that in a decentralized way um so we are not getting it um but um
they are interested if anybody uh would like to uh put an offer in to buy it um so i've been asked
to make that make that shout out so if somebody is interested in insta bridge insta pass insta
mint code then um yeah games can't contact
with you um or me and we can we can put them in touch um so uh that that was the that was the
thing on on metaverse or instabridge as uh as it's known awesome shall. I'm conscious of time, Andy. Shall we jump into some quick questions
that Tara has helpfully gathered up for us on some of these? So I think some may have been
answered in Telegram and stuff, but we'll go through these. The other thing that I wanted
to point out, you mentioned around proposals coming in. I am very aware that there are things
that people are waiting to know, like exactly what
the foundation doesn't need more details to be able to put in proposals for. So a good example
of this is something like the gateway service. While technically running is easy, it's going to
be far better for someone putting in a proposal to know, for example, actually, what is our current
usage? How much demand does it get if you point a wallet at a gateway service?
So they can scope it properly and work out if they're able to do it. This is what the team is
currently focused on and has been this week is really mapping out everything the foundation does,
all the repos, all of the services, and we will as quickly as possible surface that information.
So it can be useful to those wanting to put in proposals or a new
community structure etc um one of those talking of getting information to the community on how
things may be able to look um in a future structure is tied to one of the questions which is
what what's happening with like market makers so market makers is uh something you deal a lot with
andy do you want to touch on that quickly yeah so. So the way, so we've worked with a number of market makers
and in a number of models.
The way that we, you know, typically in the early days,
it was a loan option arrangement.
That was okay.
Then in the early days, it's not an effective use of capital.
And depending on what the token's doing, it also can work against you
because the market makers make money trading
and then they also make money on their option at the end.
So if their option's underwater, then they've got no real incentive
towards the end of the contract to be doing a good job for you.
So what we've flipped into is a service provision model so we we pay a market maker we've got a you know
they used to do the market making on just a few exchanges for us the ones that the bigger market
makers didn't touch but actually what we've done is we've extended we found a really good and we've extended that that relationship um into the others and um aiden within the team actually now you know
manages them he's got a trading background um does a um does a good job on that and i've also
told him to put a proposal um a proposal into to offer to help on that side. So yes, we have a provider. Now, the slightly tricky thing here is
we have the contract with them. They use our assets on both sides, so the XRD and the stable side.
And, you know, often when things go awry in terms of price, the things need to be rebalanced, like we did a bit of rebalancing today off the back of the price action.
So when at the end of that contract and the market maker isn't able to withdraw those funds themselves, right?
They don't have that ability through the APIs.
So at the end of the contract, those tokens need to be returned to us.
And we have the sort of the keys within the exchanges to be able to do that.
We also have accounts with the exchanges that have got preferential maker taker fees.
So the slightly that we are talking to the service provider about, you know, what's going on and what their proposals are and what they'd be sort of prepared to do.
So very topical question. We're proactively dealing it with the current service provider.
And those are the sort of things that we're wrangling with at the moment.
at the moment.
The other thing that I'd add to that
because it was on the question was like,
can we have a dedicated fund
to supporting that over longer periods?
How much does it cost?
All that sort of stuff.
This is the sort of thing
which is a well-intended question,
but it's a very much
how long is a piece of string question.
Market makers are the same as anything else.
Like if you say, well,
how much we can do this for this amount, we can do this for this amount, or that for that
amount, and they'll do it. Because if you want a million dollars of plus minus 2% liquidity,
sure, if you give them enough inventory and enough demand for it, they can do that. So this is the
sort of thing which we're trying to get that information from them on what future models
could look like, depending on the different scenarios.
This ties back again to getting some feedback from the community on the community proposals for new structures and stuff like that means we can give them a bit more certainty of what they're planning for and what they provide with that.
So this is where everything is kind of interconnected.
So other questions we've got,
because I'm conscious you've got a time stop, Andy.
So if you need to, I can power through these.
The infrastructure and hosting side,
like what does the foundation currently host?
Obviously mentioned that before.
We're getting a list together on that.
It won't be one final massive list
that we just published once.
It'll be a case of,
here's the first wave of information.
Do the community have more questions? Are there bits you want us to provide more on or need more information on and the reason for that is because we want to be proactive and not waste a bunch of
time going way off the reservation into fine details on something that is completely not
in line with what the community want to do. Yeah. It just makes no sense.
So same, some of these things we can't do.
So I know there was a follow-up question to that around,
like, where are these services hosted?
What providers do we use?
And stuff like that.
Some of these come into the point of these are commercial agreements,
which we've signed, and so can't necessarily disclose everything there,
all the details.
We're bound.
But we will provide as much information as we can. Yep. Do to dance Andy I can hear you packing up yeah I do but I can walk down the
stairs I've just my my daughter's there in the island and I thought would be done for um five
and I need to go and pick her up uh is the truth of it um but if uh if you're okay I can I can talk
and drive um I but I might lose you in the stairwell.
Yeah, I don't trust spaces to survive it, Andy, if I'm honest.
Ah, OK.
Having been on quite a few calls with you across while you've been doing that in the past, I'm not sure X spaces will live.
So anything else from you, and then I'll wrap this up.
No, I don't think so.
Is there any other questions?
I mean, the market maker one was squarely
in my um core are there any other questions that are there that you feel you would like me to answer
yeah i think one that could be good is a question around like the current team structure
who's working on what that sort of stuff um sure so we've got yeah um
well a fraction of of what we had before so we've got 14 people of which um for a
part-time um so there's uh yeah well i mean you you know better than um than i do so we've got
devops um we've got uh no we've got, two wallet, one node engine, one gateway, two kind of general purpose.
And between the group of them, they are all very, very familiar with the entire RADx stack.
So there's quite a lot of overlap between there and a bunch of other stuff that goes through.
I think total count, I'd have to go and double check to make sure i'm not missing someone it's like it's about 10 full-time people at the foundation and has been
for quite a while and three three or four three or four people who are like part-time
various part-time things so we are a lean lean mean machine and and yeah as i said right that you know at the beginning people going on
holiday taking their laptops with them um across all disciplines not you know not just the the
you know the technical um ones um you know on the market making side you know aiden uh
he's leaving as well see aiden um he um you know went to New York for a you know a special
trip with his um with his girlfriend a couple of weeks ago took his laptop with him and you know
did a bunch of market making stuff whilst he was there so um yeah everybody's really pulled together
um it's been it's you know they've all been fantastic pulling way more than more weight than they um way more than the weight everybody has
and i think the only thing that i would add to that as well is like this is the current structure
there's there's always going to be things that people have opinions on of who's doing what not
everything's public not everything is glamorous that gets you the shiny bits, for example, Andy, dealing with lawyers and
compliance regulators and stuff. It's not something you shout about. It's not something
that gets a sexy post on Twitter and a big round of applause. It's important work. And so,
A, all of this is going on. So it's hard for people externally to see everything that goes into that.
But also, this is something that is coming to an end.
So while we can pick over everything, and I've seen some people trying to pick over this,
we have responsibilities and things that we have to make sure are done in an orderly fashion to score this handover.
We're doing it as lean as we possibly can and have been for this entire year.
So I don't think it's something
that's worth going into huge details on. But if it's related to what comes next, we definitely
can. Yeah, sure. Other ones. So there's some questions around like the open tasks and like
what are the team working on? I know one of the big ones for us and the validators have been
pushing on this quite
understandably is around like the ledger bloat issue. That's something being looked at. What
we're keen to do is not kick off important work that's not essential without kind of community
buy into this because the foundation doing it may not be the most efficient way to do it or what the
new structure wants. And so our first priority is supporting the transition
and making sure everything we're currently managing
is being managed responsibly
with good response times, good SLAs,
and is doing the stuff it should be doing.
Making sure that a handover to a new entity
is done in the best way it possibly can be.
And we're prepared for that.
And then any excess resource time or whatever else,
everyone is very committed to getting everything
in the best possible place it can be.
So for example, on that, like the Radex engine toolkit
and script is being updated to the latest version of Rust.
Making sure that release goes out is being prioritized
because that is going to leave everything related to that in a better position for the new structure to pick up.
So there's lots of stuff to do. We're focusing on a very much a priority basis to help this.
And as we get a better community pulse of direction of travel and possible outcomes, we will be doing more to lean into those and support those based on community wishes.
Yeah. Same with things like validated jailing. That's a good one. I don't know if you want to
talk about that at all, Andy. Well, well, only, yeah, I mean, I guess the only comment on that
is not particularly like we thought we've been told by RDX that that was well underway.
And then when we actually got to look into it that that wasn't the case at all was it
um and it's you know it's quite complicated particularly with some uh edge cases which would
you know create security um uh issues so that is you know that is the piece of work that needs to
be done it is needs to be done carefully, thoughtfully, planned well, because
it is a critical infrastructure piece. And so ties into the rest, definitely something
we're aware of, have been, it is in the priority list alongside whether that's something the
community wants picking up as a priority during a transition or whether they want to, and you guys will want
that to move as quickly as possible and then be picked up by an RFP process in the future.
These are all things that the more clarity we get, the quicker we can start making input and
giving options on those things. The other question was around community ownership and how long that
transition will take. So we've spoken about that
briefly. It can be done as quickly as possible. It depends a lot on the receiving structure,
as Andy said, from the glamorous lawyers and accountants standpoint. But yeah, that can be
done very quickly. Likewise, we've kicked this off, so we've got the time to manage it if it does
take a bit longer to get things right. and then the final question was around the incentives campaign this is definitely on on me so we had a consultation
on when season one would be ending and also the vesting period slightly surprisingly the results
were extremely polarized so the majority of vote waiting wanted the six month vesting schedule and to end quickly. But the ending time
was very much either as soon as possible or wait three months. There was no one in the middle.
And so taking an average of that feels very wrong. Doesn't work. Yeah. Because nobody wanted that
equally. The vesting period, I'm extremely conscious that this consultation started
a little bit before the
2026 news came out. And even though it was running until after that, people may not have been able to
adjust. So I'll be looking for community input on whether people want to basically continue with
that plan, take the average, or actually if they want us to do a quick thing on when that changes,
because I've seen people talk about that today. So top of mind. And also for anyone who took part in the public testing of that,
the Quest and the NFT for being a participant would have been distributed and will be up next
week to get that Quest reward on incentives. But I've also seen people concerned like,
is this going to lead to more XRD being given out? No. The season one allocation we're committed to,
that is what it is. It will be
distributed based on
what the community wishes
and that is all set up and ready to go.
We're not going to be allocating unilaterally
large amounts of funding
unless we're contractually obliged
to do so.
Right, yeah.
And I think that was all the questions.
So you've done it perfectly, Andy.
Okay. Right. Well, nice to have to meet you. I'm sure I'll talk to you tomorrow.
Hopefully that was helpful to community. Thank you.
Insights
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The Radix Foundation is actively seeking strategic partnerships to enhance its visibility and user base, recognizing that collaboration is essential for growth in the competitive crypto landscape.
Music
Music Music Music Music Music Music Music Music Music Music Music I'm going to go to the next video. Music Oh I'm I Good evening, everybody. My name is Adam. I'm the CSO at the Radix Foundation. And joining
me today is none other than Andy, who is the CEO at the Radix Foundation. Andy, can you
The discussion emphasizes the need for a strategic partnership to elevate Radix's technology and user recognition, highlighting the importance of collaboration in achieving market success.
where we came to.
Look, we need a strategic partnership that's going to catapult us to spotlight the tech, to get it the recognition and the volume user base that we've been unable to deliver, know the best efforts of everybody and and in that i mean
including idx they spent a lot of money um trying you know various things um to do that um and we
The mention of Coinbase's significant user base and its impact on the growth of new projects illustrates the potential for partnerships to drive user adoption and market presence.
Into base, yeah.
That is probably about $100 million worth of marketing budget to get that.
Yeah, and the rest.
The conversation addresses the importance of confidentiality in partnerships, reflecting a trend in the crypto industry where trust and discretion are vital for successful collaborations.
Spot on, spot on.
You mentioned confidentiality there as well. And I accept that this is a problem to community. I see the comments in Telegram. But the legalities are really straightforward.
Confidentiality agreements are between entities. And within those entities, again, typically only a few people aware of the conversations have this extend the life of that confidentiality
The Radix Foundation's efforts to secure a partnership with a large exchange indicate a strategic move to enhance its market position and user engagement.
breaking those. And, you know, unfortunately, that's, that is a situation. With that said you know the the sort of previous five months or so of um
business development efforts to find a new partner at the beginning of december um i was sure we were
going to land either a large exchange so you know and it wasn't um coin or Binance, but the example you just mentioned around Coinbase.
The ongoing discussions with potential partners signal a proactive approach to growth, aiming to leverage existing relationships to expand Radix's reach.
done nothing since so I'd say the door is ajar on that one but it's certainly um you know not open
the L1 is still interested um but they want to fire up conversations in sort of six to nine months for reasons which I am aware of, but can't comment on.
And, you know, we don't know whether in six to nine months they're not going to say, hey,
The positive feedback from the community following recent announcements showcases the growing engagement and support for Radix's initiatives.
So that was kind of what was the sort of thing that brought us to that decision.
And to be honest, I've been really, really delighted with the progress made since the announcement,
given, you know, that was only a week ago.
The mention of potential funding opportunities and community involvement in decision-making highlights the foundation's commitment to fostering a supportive ecosystem.
the big fintech by the way um i know that you've reached out to them today to see um what we can
make public and can you know how can we um to explain what we're doing and then
how can we sort of get them um involved with community so um hopefully they'll respond and
