Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
The Stacks DeFi Show #60
Recorded: April 8, 2025 Duration: 0:47:48Space Recording
Short Summary
The Stacks DeFi Show celebrates its 60th episode, highlighting significant growth in the ecosystem with the launch of innovative projects like Zest Protocol and Hermetica's USDH stablecoin. The conversation reveals a bullish outlook on Bitcoin's future, driven by increasing transaction volumes and strategic initiatives in the DeFi space.
Full Transcription
Thank you. Thank you. Thank you. Thank you. you
hello hello everyone let's quick check if you can hear me.
And that sounds great. Let's put on a little bit of music and then we can let everyone trickle in.ăăăăżăȘăăă I'm going to put a little bit of water on the top.
I'm going to put a little bit of water on the top.
I'm going to put a little bit of water on the top.
I'm going to put a little bit of a knife in the middle.
I'm going to put a knife in the middle.
I'm going to put a little bit of a knife in the middle.
I'm going to put a knife in the middle.
I'm going to put a knife in the middle.
I'm going to put a little bit of a bag of water.
I'm going to put a little bit of water on the top.
I'm going to put a little bit of water on the top. I all right let's let's kick this off let me put my headphones in and then we can get started.
Quick check if I am here and audible.
Great, great, great, great. Good, well then, everyone welcome. Number 60, Stacks DeFi Show. Let's do it.
This is the show where we talk about all things Stacks DeFi, so DGEN strategies with BTC, SDX,
and more, including what's coming from all the protocol builders at once. So
the place to stay up to date on all the things that are happening in this ecosystem.
And, you know, of course, as the friends from Stacks always kindly ask us to mention,
none of this should be considered financial advice, right?
We're here to share information and good vibes and learnings.
So, yeah, very excited about this.
Let's do a quick round of intros.
I'm Tycho, the co-founder of Zest Protocol,
which is the lending protocol on Stacks,
also the largest protocol in terms of TVL.
And yeah, on Zest Protocol, you can borrow against your BTC,
or SBTC as we call it on Stacks,
your STX, staked versions of STX,
and the whole thing, right?
I'm also a core contributor to StackingDAO,
which is the LST in the Stacks ecosystem.
They're also here as a speaker,
in case you wanna learn more,
but there you can stake your STX
and earn SBTC or more STX, right?
So the Lido or JITOito of stacks, as it were.
And yeah, we've got a great roster here.
So maybe let's do a couple of quick intros.
I see Jacob is here.
I see Hadan is here.
I see Mythil is here, maybe in that order.
And then, yeah, we can kick off with what's happened this week.
Maybe, Jacob, you want to start?
Yeah, for sure, GM friends.
Good to be here.
I'm Jacob, founder and CEO of Hermetica.
We're building a Bitcoin-backed stablecoin, USDH, which is live on ruins and on Stacks.
And, yeah, very excited for this next phase of Stacks.
I think there's a lot of cooking.
We have a lot coming in April with all the friends
here on the panel.
And maybe we can chat a little bit more about that.
But yeah, GM, guys.
Yes, sir.
Adan, Mithil, do you want to go next?
All right.
This is Adan, BD for the Alex Lab Foundation.
Alex has built the largest Bitcoin decks really across Bitcoin layers.
We're getting close now to 2.7 billion in total transaction volume.
In addition to that, we have cross-chain bridging through Xlink, our sister
platform, liquid staking through Lisa, and more recently on Stacks, funds surge campaigns with
LP rewards for stakers in community tokens.
GM GM. Hey guys, it's Mithil from Velar. Velar is a DeFi liquidity protocol on Bitcoin.
Our aim is to build user facing DeFi infrastructure, dApps across multiple Bitcoin L2s. We started
with Stacks. We built world's first perp Dex on Bitcoin. We launched on Stax two weeks ago.
And we are also the biggest community decks and meme coin decks on Stax.
Yeah, happy to be here.
It's so glad to see STX getting listed on Bitfinex.
We were feeling alone there for over six months.
It's good to have you guys there.
Yeah, brilliant, brilliant.
Sometimes I can't see everyone who's here as a speaker.
So maybe just a quick check if there's anyone else who has the speaker role.
But yeah, if not, then we can get started.
But yeah, it's been an eventful week.
I just looked up a couple of highlights.
I mean, for one, we're at an all-time high in stacking DAO
in terms of STX stacked.
So it's now 72 million STX in the protocol.
And the liquid, or sorry the native uh stacking is also
growing a lot it's grown about um 300 percent like cycle over cycle right so basically uh yeah you
can call that 150 percent week over week growth um because it's the only native staking pool with
without any fees right so um yeah that yeah, that's obviously attracting people.
And, yeah, other than that, you know, the staked SDX and the staked Stacks VTC
are growing strong.
So, yeah, that's one highlight.
Also, Monib borrowed some assets on Zest protocol and uh and
tweeted about it so uh yeah he was uh he was very happy to uh to use that and sort of I guess see
the see the power of what uh of what of what stacks can do for for users you know for for the first
time that strongly which of course I think many of us here have already experienced right because
Zest protocol has been live for for a few months but um
yeah and and there uh there was the report on the stablecoin growth on stacks right that uh
stacks is one of the fastest growing ecosystems in the stablecoin department which is uh
mainly thanks to you jacob and hermetica but um any uh anything more you wanted to share about
that i thought your tweet was pretty on point, you know?
That was like the stablecoin surge.
And then I was like, well, actually guys,
that's just us, you know?
Humbly, humbly so.
Well, it's a very small actually,
nominal growth in stablecoins.
And it's a big growth in percentage wise because we're coming
off such a low base but yeah i think america brought in roughly four million in stable coins
last quarter which i think is a great step and it puts that on puts us on the map because it's like
whatever a 500 increase from where we were because we just had basically no stable coins on Stacks.
It's a really small first step and we're happy to do it. And obviously working on making that substantially bigger amount with everybody in the ecosystem. But it's good to put Stacks on the map
for the stable coins. And I think there's a lot coming in terms of liquidity in the coming months.
We're certainly working behind the scenes on it. I think the market right now is a little bit scared and a
lot of people are holding on deploying and doing stuff at DeFi but that can change very quickly.
No, that sounds right. That sounds very right. I mean we're not coming from a very
No, that sounds right.
That sounds very right.
I mean, we're not coming from a very high base,
but yeah, we'll say that this is a very interesting development, right?
That already so early on,
it's not a crypto collateralized stable, right?
That has all the, or sorry, not a fiat collateralized stable
that has the market share,
but it's a crypto collateralized one, right?
And yeah, offers some great opportunities for for growth right also on uh on zest protocol as a uh as a borrowable asset which uh you know we've been talking about a lot
but which we probably will uh we'll save for for next week's show um but um but, and also for you guys at VALAR, right? I mean, USDH plays
an important role
there. So maybe as a quick
bridge, like what's been
going on in your world this week,
Marcel?
I think we have
been testing
VALAR PubDecks
thoroughly.
You know, finding
I don't know how to say it
in english but like finding um good things in even in a bad situation kind of thing where
uh of course the markets have been really volatile um as we have all seen it over last week but
uh it has helped us actually because this volatility has helped us to test the liquidation engines of Velar,
both on the long side, short side, and how exactly the trades are happening in real time.
So we did a lot of heavy testing internally.
So I think that has escalated.
I mean, that has brought us as a team much more confidence into the product.
And it's going to be next few very interesting weeks as we start deploying other pools.
Because I think what would have taken us usually like four to six weeks, we did those level of testing in last one week of this volatile market.
those level of testing in last one week of this volatile market and we are almost ready to start
deploying other pools on where are perp decks for other tokens in stacks ecosystem so what's what's
next what uh is it going to be stx happy to discuss with you like i don't mind it being stx
um i think as long as we have a strong stable stable coin you know we don't want
to go to um um too volatile tokens so something with a stable coin um including um including
velar you know like so so of course like the strong candidates next are stx velar you know
but it's very good enough to do this with?
Couldn't it be easy to manipulate it on Dex and stuff?
Yes, yes.
That's one of the reasons we might, you know,
we might not go fully on it immediately.
It's, of course, definitely comparatively easy, right?
Because in this market, of course, it's much lower market cap. It's easy to move the spot price.
Yeah, I can go long on Paylar and then buy somewhere else.
Yeah, so we don't want people to do that.
But we are working on that internally as well.
We are focused, if you see, we recently even got st on bybit and mexc
but you know we have because of this sudden price moment and stuff but we have worked on improving
um our depth on on vera token as well so there was there was recently like a few weeks ago it
i think like i think like a month or month and a half ago, someone tried to sell 3 million Vela tokens on market price.
And the price was not affected that much as it should have,
you know, and it recovered pretty well.
It went up from there, you know.
Where was that, would you say?
I think it was a strong buying pressure?
No, honestly, just our structure with market makers and the liquidity and depth
structure that we have with our market makers, I think that helped a lot. If that would have
happened like eight, 10 months ago, the price would have been higher, but the effect would
have been higher as well. So I think launching VELAR token on PURPDEX,
I think it will be very interesting for the community.
But of course, you know, like we have improved our depth liquidity structure
on major exchanges quite a lot,
which we would like primarily use to fetch,
you know, which I think Oracle's would primarily use to fetch VELAR prices as well,
because there are some exchanges that organically listed VELAR,
but they don't have, because they are managing their own liquidity and depth and, you know, volumes on VELAR,
they, you know, the prices can be totally manipulated without enough depth in the order book of VELAR token.
So, I think once we finalize the structure, we'll definitely list VLR. But STX, yes. STX, why not?
We can do STX, USD, Hpool pretty soon, I guess.
Yeah, that would be cool.
Or even cater to other stablecoins.
I think there is AUSDC.
I think LX has a stablecoin, if I'm not wrong.
Hadan, if I remember it correctly.
Yes, we have AUSD, which is a wrapped tether from Ethereum and Alex.
Yeah, awesome.
I think we have been discussing on a group, open to explore listing those, you know, distinct pairs with those stablecoins as well.
Absolutely, that'd be great.
Awesome.
We also have something really cool coming for USTH on Vela's Perp Dex.
Maybe you can actually spill the beans already.
It's coming in two days, the announcement.
Sorry, did you say?
I'm sorry, I couldn't hear it properly the first half of what Jacob said.
Oh, well, I was saying that we'll have something really cool coming for people that trade with USDH on Belar.
We talked about it. I'm sure you know what I'm talking about.
Yeah, of course. Yeah, it's up to you to share, you know, so I didn't share it.
yeah it's up to you to share you know so i didn't share it yeah i think we shared in the group um
Yeah, I think we shared in the group.
the the announcement is going to go out in two days but it's basically a first of its kind
defy experience where you'll be able to hold usdh as collateral on on velar perp decks and trade
and go along bitcoin and at the same time earn a yield on that usdh it will be around the five
percent yield will get paid out every week
directly into your wallet so you don't have to do anything and yeah allows you to essentially
have a passive income while you're longing bitcoin with a stable coin that is backed by bitcoin
so it's i'm really excited about it as as a future traders myself um like having the ability to earn on your collateral is a huge
unlock and really something that defy is perfect for because you can have this composability
with the tokenized assets like usdh so i'm probably the most excited about it in general i think a lot
of people are still wrapping their head around how this even works but that's coming on Thursday and it's gonna go to
any any USDH pair on Baylor with USDH
that's great I think it will be I think it's I think it'll be great for traders
you know yeah I think that I mean I for traders, you know.
Yeah, I think that, I mean, I don't even know if this has been done in the Ethereum land or Solana land.
I think it's a really first of its kind.
It's being done in the centralized exchange world, but that's obviously what we're competing against. And so having like a user experience that is on par with centralized exchanges where you can actually earn a yield on your collateral I think is a huge unlock and
yeah hopefully brings more people to actually try out Vela perp tax it's it's
a fantastic product I've been using it it's very well designed it's it works
really well with the stacks blockchain I don't know exactly how the back-end
functions but I'm super excited about the product and and using it myself
nice nice nice and hadan what's uh how's everything going in your in your world
uh i think all things considered uh it goes it goes all Um, let's see from, uh, from, from last week, well, just yesterday we had the, uh, the unlock of the, uh, of the search three rewards.
So users were able to, uh, harvest their, their, their LP tokens, uh, we ended up with, you know, some SBTC yields where like Alex SBTC was a 46% APR, Stacks SBTC was 35%. So I think there were some good opportunities there.
We have had the questions about when we'll be launching Surge 4. And, you know And it's been kind of the sort of history
with the Surge campaigns that we've co-launched them
with major releases on Stacks.
So the original Surge was timed to go along
with the Nakamoto release.
Surge 2 was with the SBTC release.
Surge 3 was with the SBTC Cap 2 release.
And Surge 4, we have been planning to launch alongside the SBTC CAP 3.
You know, from the message of Stacks developers, that will likely be at the end of April so that they can really reinforce the security there.
And so that's when we'll be expecting
Search 4 to kick off.
Yeah, and I think it'll be a great opportunity.
And in between rounds,
if you're looking for some exciting yields,
on the Alex Farm page,
we have several of our core ecosystem pools
that also have APRs in the 30, 40% range to look at.
Yeah, so that's what I would encourage users to do in the meantime. And besides that, just steadily building, you know, moving through
our book of work, approaching gradually the launch of DEM and concentrated liquidity.
So yeah, so lots of great things coming. And no matter what's going on in the
market, tariffs or no, we've got our heads down and we're building. So I'd say that's where our
focus is. Makes sense. Any news on the D-AMM or is there nothing to be shared just yet?
Well, I could use a bit, you know, we are doing some, a little bit of internal testing
and refining the sort of UI, but nothing we can quite, that's quite ready for a public
peak yet.
We want to make sure that we have it at its very best when we bring it live.
But of course, we're tremendously excited to do so.
And yeah, I think on our Medium article,
we have a little bit of a sneak peek
of what the UI may look like.
But yeah, so you can have maybe a check there.
But yeah, I really like how the design
is incorporating multiple features,
you know, the different discrete liquidity buckets,
the ability to manage multiple positions at once.
And we hope that the Stacks community and the Bitcoin
DeFi community as a whole is really happy with it
and puts it to good use.
Yeah.
No, I hear you
I hear you so no updates
fully yet on timeline
but yeah very excited
about
that piece and I saw that
China's been talking a lot about like
you know doing more with
you know with Bitcoin
on L1 right and I guess sort of being more of a meta-dex, you know?
So anything you can share on that?
I mean, I'm probably kind of butchering it a bit.
No, no, no problem.
He's been talking a lot about this kind of vision.
I think within the next week or two,
I think we'll sort of have more to announce and roll out.
I would say that kind of what we've kind of dipped our toe into with the Bitcoin decks on Alex, where directly from your Bitcoin wallet, you can swap Bitcoin to directly from one-click swaps from Bitcoins to Runes or to BRC20 that we're looking
to expand and generalize that a bit. But yeah, but so far, I don't want to tease too much more,
but it's coming soon, I can say for sure. Yeah, that's cool. That's cool. That's cool.
That's cool.
That's cool.
No, really, really great stuff.
Any other sort of things that you guys have in mind that we should be covering or any
developments that you've seen that are interesting to talk about while we're all here together?
I would say at the moment, we're sort of, you know, a lot of the milestones that we
laid out in our recent newsletter, as far as them, as far as partnering with Jolts,
which is a taproot asset wallet SDK,
you know, with those where we're kind of steadily making
making progress and sort of realizing those.
And yeah, I guess it's sort of a little bit of a season
for building this week and next,
but announcements are in the pipeline.
And yeah, we'll soon be, I guess, releasing some new features
to the Stacks community and broader crypto ecosystem that we're excited about. But ultimately,
it all comes back to, as you mentioned, Chan's article, bringing DeFi back to Bitcoin.
DeFi back to Bitcoin. I think despite the very high volatility and chaos we've seen in the markets,
I think we're in agreement that we're all pretty impressed with how well Bitcoin is holding up.
It does set apart itself as a unique asset, as a unique store of value, you know, embraced in a way by institutions,
sovereign governments, and the international community as no other instrument quite is.
You know, for that reason, I do remain very bullish on Stacks because I think it is the
one true Bitcoin L2. And and inevitably that will come to light.
You know, when the sort of fog clears up a bit and people come to wonder what else can we do on Bitcoin or as Bitcoin activity inevitably needs scaling or programmability, you know, Stacks is best positioned to deliver that. And so, yeah, I would say that, you know, our strategy remains,
you know, to create that sort of a broad umbrella,
both for, you know, for Stacks users, for Bitcoin users,
and to sort of welcome in newcomers from many other chains
who, you know, as they say this term,
as these most successful experiments come back home to the mothership,
we can welcome them back into the Bitcoin DeFi fold.
Yeah.
That sounds just right.
That sounds just right.
Any more on the market side of things, any market commentary from you, Jacob?
I mean, I know you were tweeting that you were buying some BTC calls the other day.
But yeah, like where are we and where are we going?
going any uh any nuggets from you on uh on that well i'm generally um i'm generally trade counter
Any nuggets from you on that?
cyclical so you know like i don't want to give necessarily trading advice investing advice
because it comes with a lot of like everybody has their style everybody has their risk parameters
and um and mine is being able to spot bottoms really and spot like very oversold conditions and
the anti anti cyclical and that I'll get really bullish when everybody's crying
chicken and think the world is ending and I think if you look at the market
from that perspective right now we're in a very high value zone where obviously
the stock market has crashed significantly it's like a two sigma
event almost at par on the on the volatility on the vix um with uh covet crash not far off
and um it's obviously very idiosyncratic to the tariffs that don't necessarily have an impact on
on bitcoin so it's a very very oversold environment in general.
Doesn't mean it can go lower,
but it is a value opportunity in the market.
And then if you look at the other fundamental drivers
of Bitcoin, which generally is just liquidity
in the fiat world,
the more money is printed,
Bitcoin is extremely sensitive to liquidity.
It's the escape valve or the fire alarm, if you want,
for central bank printing and money going into the system. If you look at those numbers,
they have been steadily rising over the last three months. There's usually around a 12 to 15 week
lag between liquidity going up and Bitcoin catching that bid. And so we're right at that spot. So the last three months,
we have seen liquidity rise. And now we had this idiosyncratic sell-off. And now is the time where
actually the bid from that liquidity would come in. So I'm really, really bullish. It might sound
strange to a lot of people, but you can't get me to be bearish i think the fundamentals are aligned for a rally
will it go like above you know all-time highs i don't know i do think that a rally in the next
two three months uh back to all-time highs and possibly beyond that is my base case scenario
and so i bought some i'm not i'm not recommending anybody do this because you really have to know what you're doing and you can get screwed in a hundred different ways.
But I bought some far out of the money long-term call options.
You can buy them on Deribit if you want.
So I bought some 100K December call option, which gives you a lot of upside potential for very cheap.
I think it costs like $1,500.
Obviously, you don't have to see Bitcoin go to $100K, $180K for that to actually make money
because you can make money even when it goes up less.
And you're trading also volatility in options.
So volatility has been quite low.
It's spiked up over the last couple of days or really weak because there's a lot of fear.
If there's a lot of fear, people want to buy puts.
And then that's when volatility in the option markets goes up.
I think this is a value buy.
I think we're not going to see 80K much longer.
I think that the market is overreacting.
And I think also the terrorist stuff is calming down.
I think there's like 80 countries that have been reaching out to the U.S.
to negotiate tariffs.
I think everybody is realizing that Trump has all the cards.
He's all in and holds ACES.
And so they're basically folding in or trying to...
But does he hold ACES specifically on the China side?
I think he does. I think that China
cannot...
I think China cannot
stomach not being able
to trade with the US.
It's a very one-sided
trade setup
where China needs
the US more than the US needs China.
Obviously, there's a lot of nuance there.
It's a lot, a lot of trade.
There's a lot, a lot of dollars flowing back and forth.
Obviously, China also holds a lot of treasuries and so have also bargaining power.
But I think that Trump knows what he's doing.
And he's playing the card well to make America extremely well positioned going into the next years and decades. It might get a little
ugly in the short term. I think everybody else but China is already folding hardcores, including the
EU and a lot of other major economies. And so I think that by looking at the market, right,
market right the the really the big fear is that there's going to retaliatory like a
that the tariffs are going to be um in place for a very long time and really drag down the economy
really hard i think that they're really a bargaining chip that is being used and they're
going to be easing and some of them will will go away and so that being priced in right like the
market wants to price that in really, really quickly.
And that's what's been happening over the last couple of days.
And so I think that's overpriced.
I think it's already priced in essentially.
And so anything that is not extremely bad will lead to the stock market being flat or even going up.
And I think then, because there's such a massive bit from liquidity on bitcoin
if if there's no you just think cratic like downward pressure from the stock market
i think bitcoin can really rally hard now that's my take i see i see i see i see because it's sort
of you know contrary to that right the sort of more i guess like the sort of the opposite take
is okay you know a bit
of a bear market rally we will see that china is not in the mood to back down and then um and then
going going lower from there right that's uh what i've seen some macro commentators saying including
the yeah what do you make of what do you make of that i don don't know if China tariff stuff actually matters that much.
I think China is in a really difficult position on their economy,
and they're kind of looking to print.
The dollar has been plummeting hardcore.
It's been back up a little bit over the last couple of days,
but it's been really going down on the DXY,
which dollar going down is very good for risk assets
because it creates more liquidity. All look at is liquidity bitcoin trades with liquidity
if you're if you're trading bitcoin and you're not looking constantly at global liquidity you're
missing out on some massive alpha like there's a there's a very tight what it was in a statistic
called grand range of causation which basically statistically shows that um liquidity going up leads to
leads to right causation not even correlation it's more than a correlation leads to bitcoin
price going up with a specific lag so if you if you understand liquidity metrics and m2 is a good
one to just monitor on your trading view that is very simple but there's more sophisticated one there's a lot of inputs to it one is the dollar and you know dxy one is obviously move index and
and collateral in the system if you look at all those liquidity is just pointing up like
in the for the next three months it's just it's it's basically a magnet for bitcoin price
and as long as you can weather with your positions any volatility in the short term, there will just be that pull to the upside.
That's how I see it.
That's how I'm positioned.
I'm very long on the call options.
And any thoughts on China devaluing this kind of stuff, you know, that could be dangerous?
Or do you think it's bullish
for the space that we're in?
Well, China needs to stimulate their economy
because they have been already
in a very tough spot.
I'm not an expert on China,
but this is just like how I see it
on a very high level.
They've been in a tough spot.
Their economy has been deflationary.
They have a lot of problems
in their real estate markets, et cetera. So they want to stimulate, they want to put money into
the system. They want to print, which is bullish for Bitcoin. They can do so only if their currency
can stomach it, which is really dependent on the dollar being weaker, right? Because if the dollar
is weaker, that can make their one weaker and not like blow it out. I think that's happening right
now. But yeah, I think there's, I think the, I mean, the other element is obviously central bank,
like the Fed actually stepping in, which they're probably late with a rate cut.
Inflation data, if you look at Truflation, which is like a leading indicator to CPI,
like a leading indicator to CPI.
CPI is very lag.
CPI is super, super slow.
Truflation, I think, is like six weeks ahead of it.
And Truflation right now is printing a 1.2% inflation rate, which is a lot lower than
CPI.
And so if CPI follows that, which it has done historically, then the Fed will have a lot of leeway to actually reduce rates.
Inflation lower means that the central bank can cut interest rates,
which then is, again, very bullish.
The Fed also has, in the last months,
reduced QT to, I think, $5 billion a billion a month from 25 billion so it is like stealth
easing essentially like less q is is is basically more money in the system once they flip from qt
to full-on qe which is basically around the corner especially with a market like this
it's game time and we're going like i think people don't realize how much we can
we can rally from here like we can go 200k bitcoin i'm not calling for that right i'm not i'm not
somebody that i i don't i don't see the market in like i can make up a number and then i have a
target and then you know i i'd make that happen i don't know market doesn't care about what i think
i play it how it is i think there's a massive value opportunity. I think it's a buy. And then we'll have to play it by ear as
more data comes in. Yeah, well, that's an exciting analysis, you know, and I appreciate that we can
have these conversations so um
yeah no really really awesome awesome awesome stuff i see uh gp or uh you're also on here i
think we're uh really gonna gonna wrap soon but uh in case you wanna wanna add something or
share what's coming up afterwards uh go ahead
yeah hey guys hope everybody's having a really blessed uh week so far um you know it's it's a go ahead. Yeah. Hey, guys. Hope everybody's having a really blessed week so far.
You know, it's been awesome getting to know everybody in the Stacking Dow Discord
and decided to do a little meme lesson.
So we're going to do some Stacking Dow memes, and I'm going to do a space and do a screen
share in the Discord
so you can see my screen and see kind of how my process goes
whenever I'm cooking up some memes.
So jump into the Stacking Down Discord if you'd like to see my screen
and, you know, jump over there and come listen into the space
and have some fun with us, you know.
But, yeah, yeah, thanks, guys.
I really, really hope that you guys are having
a blessed day wonderful wonderful yeah no we we sure we sure are you know it's good to uh remember
those things in uh when markets can be up or can be down but you know we we have each other together so yeah so we um do uh do do a couple of uh hooks for for people what to
what what to do next you know what um if you want to learn more about about alex about hermetica
zest protocol stacking now maybe hadan you want to you want to start and then we can uh
we can do a bit of an earlier wrap today sure Sure. Glad to do. Do follow the Alex Twitter account up here on the Spaces
for sure.
That's probably the easiest channel for our most recent
updates and announcements.
Check out our Discord as well.
Around like 50K members, just a good conversation.
You can reach out to the team members and mods there with deeper questions.
And then you can see our link tree, our media, our GitHub.
For those who are interested in building on Alex,
we have a lot of resources with our APIs and SDKs.
And feel free to give us a shout out anytime,
either to my account, the Alex Twitter account.
DMs are always open and love to
hear from you guys and build new partnerships and grow this ecosystem great joining you all today
always a pleasure
jacob you want to go next yeah for sure yeah if you want to earn a 19% yield on your dollars while still holding Bitcoin, essentially,
you can head over to hermedica.fi, check out our app.
And yeah, you can buy USDH with any Stax asset, SDX, AUSDC, SBTC,
and then come to our website and stake it and you get SUSDH which is the
liquid staking token that accrues the daily yield from from the funding
rate which has been actually really good even in this downward market a lot of
people are very happy with holding usdh and earning at this point and yeah we
send out a very comprehensive newsletter that has market analysis as well as
updates from the team as well as from you know the whole ecosystem every friday if you go to a website
and then roll to the bottom you can sign up for that highly highly recommend it we send out really
good content every week and um yeah stay tuned to our. We have a lot of stuff coming, including stuff with Bilar and our friends at Zest
and other folks in the coming weeks.
There's a lot of stuff being built behind the scenes.
Pretty excited about it.
And yeah, shout out to everybody here.
I mean, we're always, we're like in good company,
always with the same friends.
Algo, Jack, Zero, Mr. Wagme, TrippinMonkey, Dolb, CU, and all the others that I miss, GP.
Thanks, Taiko, for having me.
Nice to see you, Hadan.
Shout out to Rick.
Love you guys, and we'll make it.
Appreciate it. Appreciate it. I don't have much more
to add you know but the true troopers
are all here
so I appreciate
you guys and yeah make sure to
check out Zest Protocol to earn some
yield on your SPTC
stacking there for yield
on STX you know where to
find it.
And yeah, feel free to DM.
Looking forward to chat more, do more degen loops together.
And yeah, looking forward to next week, same time.
Going to be back 10 a.m. Eastern time for 61,
where we also have some exciting things to share.
Hermetica X Zest protocol.
So more to come, more to come.
But hang tight.
Don't get liquidated.
There is always light on the other side,
especially in this space.
The only answer is printing more money.
And yeah, those things will play out
over long time horizons, right?
Volatility included.
So stay strong.
And then we will be back next week. . Thank you.
Host
stacks.btc
from
Stacks Staking
