Hello, hello, it's great to see everyone joining. We're just waiting for the other speakers to arrive before we kick off the session. So one belong. Thank you for your patience.
Hi, Talon. How are you? Pretty good. How are you? Very good. Really looking forward to the session. Eakin, are you there as well? Hello, Oruva. Everyone, how are you?
Very well, very well. Thank you. Can you hear me loud and clear? Yeah, very well. Great.
So if that's okay, I think we can start the session now.
for sure I'm ready yeah me too great great so hi everyone thanks for joining us today on the Para Tiny Man live AMA a very
very warm welcome to everyone. Before we commence a very brief introduction about myself, my name is Fokhan and I'm the Marketing and Community Specialist at Wobble. Previously known by many as all couples, we are running an exciting initiative Wobble fans, so do check it out at Wobble
.fence, W-O-B-L.Fence. Anyway, we've all gathered here for a very important topic. How can we create mass adoption for DFI? Which is a very interesting one for me personally, so I'm really looking forward to the session and pleased to be moderating it.
We've got a great and varied list of discussion points. I'll read some of them out for you. Swap integration details. Secondly, we have FTX event and its effects. And last but not the least, how are we looking at the market and how can we create Mars adoption for DeFi?
We'll also take some audience questions towards the end. So please don't forget to type your questions in the chat. And now time to introduce our speakers with whom I've had the pleasure to work with as well and really admire the community driven approach. Our first speaker is Eekin Selchuk, who is the marketing manager at Tiny
Our second speaker is Thailand Pins, who is the CEO of Para Wallet. So let's get into it with some introduction, Thailand and Eakin. If you please want to introduce yourselves one by one to our audience, that would be great. I guess I'll let Eakin go first. Eakin over to you.
Thank you for the warm welcome to it. I'm really excited to be here. I'm a kid that's for concept. I'm with Tiny Men for over a year and a half now and I do marketing here. So enjoy the talk.
That's great. Thank you. Tylan over to you. Yeah, thanks. I can great to be here and thank you for the warm intro for cons. So yeah, this is tailon. See you at para. I've been with para specifically for the last year or so and before that I was also leading the chart.
on the hippo side, the company that was responsible for building the official Algrany wallet before it was para. And yeah, my background is in everything but development that's being done at para, so I'm very active.
active in the communities and I'm reactive on sessions like this, just talking about the future of our grand, the future of Para and what we want to achieve in this space. So excited to talk about it today. Great. Thanks for the introductions, Taylan and Eakin.
So let's get into the topics and the discussion points for today. So the first one we had, obviously we're talking about the swap integration is retail on parasite. So, Taylor and if you just want to tell us like why parachos tiny man as their first MM integration.
Absolutely. So yeah, I mean, we've been thinking about and planning the native swap integration for a while now for almost more than six months. And you know, it's one of those features that are really, that is really critical for adoption and retention within the
wallet. It's not just a pro-peacher because anyone can well implement it's simple swap, anyone can use for not just for trading on the markets, but also for swapping between Algo and USDC for instance, which we see as a very common case.
markets as well. So, you know, when we actually first planned the swap feature, we want to integrate with as many solutions as possible. We have some great taxes on our grant. We're very lucky. Obviously, Tiny Man is the most popular. So that was a given. We reached out to the Tiny Man team and they actually ran a
successful hackathon to implement an open source SDK to be integrated into any mobile app. So that was a great starting point and that gave us a great way to start this implementation. Unfortunately due to lack of SDKs on other decks, we couldn't
integrate with them as easily. But we continue to work with all the DeXes and we want to provide support for all of them eventually. But of course, you know, TinyMan is the most popular DeX by far on our grant. And it is, I think, the most beloved one as well easily. So we're very happy to provide support for it natively.
Great. So you can the same question over to you as well and basically how tiny men approach native swap integrations and also a little bit about obviously the integration within pair as well.
Oh yeah, so first of all, thank you Thailand for your kind words. And I must add that as much as a pair says that they need, they need some solutions for their apps. Tiny man like at these centers applications like tiny man also needs solutions on the normal app side. So
As a commuter driven technology, blockchain is consisted of those two things, like dApps, like Tiny Man and other apps, which is another layer. And only through the integration of these two things, we can actually create a smart network for all, which is the all-ground blockchain in this case.
We're really happy that an algorithm native wallet pair are reached out to us and we started working together and I think this integration will just take it to the next level because right now people can use a tiny bit of software like tiny other tiny bit features but it's it's really not a wholesome.
you do not really connect it to the real world which is which can be only done through these kind of integrations. So we've been really looking forward to it and as Thailand said we've been working for it too and when it comes to working with others especially like there's no really like sort of
like saying we put pedal on one pedestal and then we don't really work with others or stuff. No, as Thailand said we have an open SDK and anybody can start working with Thai any one anybody can start their integrations with Thai and the thing is as a decentralized application we have to actually endorse these kinds
of initiatives, right? So our intentions is and our actions is actually like working with every kind of wallets or other kind of applications that can extend our horizons and other than parallel we're also working with those too and hopefully in the future we will see more fruits of that.
That's very exciting. Thanks again. And that's certainly something I've been personally looking forward to as well. And I know it's a very much in demand feature. So could also obviously to the tiny man as well as the paradigm. I think we'll really benefit the users.
So, so thanks obviously for for the details on the swap integration and the next question that I'm really asking is obviously more related to the market climate and it's a question, a hot topic of late and
Obviously, in the middle of the Info-Atonator FTA events, so just wanted to obviously ask you both of your opinion on the FTAX event and its effects on obviously all-ground as well as on the wider ecosystem.
Yeah, I can hop on if you like, Rukun. Yeah, I mean, you know, this is obviously an ongoing, you know, discussion and kind of a, you know, unfolding event every week. There seems to be something new that comes up around this. And, you know,
I know many people have been personally affected and I think that's the worst side of it to be honest. There's definitely some positives to be seen within this. We've been talking about the dangers of centralized exchanges for a while now. The more these things happen,
the more people realize that centralizing changes, which are essentially unregulated banks, either need to be very strictly regulated or they have no place in this industry because you just can't trust a financial institution to just regulate itself.
So they really, you know, in my mind, these solutions are of course, you know, with their scale comes a lot of efficiencies, so things can be done a lot cheaper. So I don't think they're going to go away. But I think, you know, in my mind, they should be completely
separate from the rest of the decentralized crypto industry because they have absolutely nothing to do with what we do. And I think we need to have a complete firewall in terms of even just the terminology or the industries because they are more in the financial
space, there are banks, there are not crypto solutions. The real crypto solutions are solutions like Tiny Man, solutions like Parabolit, every decentralized open source application on the Algrant space and other chains are the real crypto blockchain solutions. And the moment you
use a centralized ledger to store your funds, you're out of the blockchain and crypto space. They have nothing to do with what we do. So I think it's important to draw that distinction in between. I hope the positive thing that comes out of it is that people realize putting their money in an unregulated
is just not a good idea. I understand it's cheap, but you're taking a tremendous amount of risk by doing that. You wouldn't just go to a corner store that calls itself a bank and put in your life savings in there. So what you're doing when you go to Coinbase, when you go to Binance, just because they're big
doesn't mean they're going to be good players in the long run. So people have to be really careful. Yeah, Talan, you raised a really good point there about centralized exchanges being misunderstood as decentralized exchanges. So obviously, you can, your thoughts on the whole scenario as well.
Yeah, thank you. I mean Thailand was really insightful on this and he mentioned a lot of things. So my two cents about this issue is like if we take a step back and actually try to imagine like why do we have these centralized exchanges in the first place because you know before
So after crypto, we actually needed a sort of like a platform where we can actually make a connection between the real cache and the digital currency that we have right now. So actually the real aim is to be able to get this connection. So centralize exchange
were actually created with this aim and they just evolved into some kind of a platform where you can do all these things but they're not regulated appropriately and like the regulations are different in every country and it applies differently to every person and as we can
see from the FTX issue or like from the others too in the history like we had the Mark Cox exchange we had the others in some in some countries even there was a exchange in Canada where the owner died and they couldn't just access access to funds you know
So it's really a risk that all users have to study and I think and I personally use centralized exchanges just for to be just for to be able to to make the certain connection between digital and the real currency. That's it. So all these other financial tools that they offer
should actually fall under the roof of this financial regulations and they're not. So this is a risk. And we just saw with FTX that how much of a big of a risk that this can pose. So because people lost their money, people lost their savings, and it's not cool.
I'm really sorry for those. And as the users in this space, I think we're lucky that we weren't caught in that avalanche. So it's sort of important to draw a line between the centralized exchanges and decentralized
decentralized exchanges. And the hot keywords here is decentralization, self-custody or non-custoidal wallets, transparency. These are the things that make blockchain. And this actually public blockchains were created with this goal, you know, to
to actually own your financial decisions, own the consequences of your financial actions. So in this case, people are owning up some of the else's mistakes or fraudulent attempts, right? And it's not cool. We should not have those things. And that's why we actually believe in, you know, a time and a month's future
or like the feature of taxes should actually be bigger than centralized exchanges, all the financial tools, all the other financial transactions that the user can make should be made on decentralized platforms. These decentralized platforms, they should
stick to these principles that make it truly blockchain and this algorithmic ecosystem worthy. So they should stick to these principles of like open source and being offering non-costodial wallets or like in Paris case pay in Paris
case, self-custody wallets, right? These are the important stuff. So as Tyla said, it actually, you know, these bad things come with a lesson to all of us and the lessons should be here actually to learn about these things, to learn about these, how the whole financial to defy works.
And what a user should do, what a user should stick to in terms of platforms, apps, the apps. And these are the smart decisions that we should make. And eventually, I think this will create and lead on to having a smart network that we can do a lot more.
Thanks again, great insights there from yourself as well as from Thailand. Obviously decentralization is definitely the way to go. And obviously we can hope that the market obviously improves quick enough and same, same thought as both of you as well that it is unfortunate.
and really feel for those who lost their savings and their money. Anyway, it's a good segue. Before I actually move into the next question, I would like to remind everyone again that please leave your questions. We'll be taking some questions towards the end. So please leave your questions in the chat and we'll have some
time towards the end to look at them as well. So great segue from the last question into the next one is obviously how are we looking at the markets and and the opportunities obviously it creates for mass adoption for DeFi. You can now let you take that question first.
So, a massive option is actually about reading people's needs and offering what defy or like these blockchain can offer to people. So, first of all, we have to tell people what we're doing here. We should tell them that it
This is a community-driven network. They're going to have these different centralized financial tools here. We believe that people will like it because who doesn't want to own their own money, who doesn't want to make their own transactions.
Just with a bit of learning period, we should take it upon ourselves to make this effort and teach people and community on what to do. Every platform is actually making a good job on telling about themselves.
the pair of integration with TinyMan. These sort of things actually contribute a lot to this course too. Because if you think about it, a person coming to TinyMan has to have some kind of an algorithm. They have to actually have a certain first leg
of introduction to Algrant. So I think one of the pillars, cornerstones of the massive option comes with these kind of interventions where we actually draw out the basics for everybody so that they can go to Perra, create their Algrant. Will it start
engaging with tiny man or other dApps and then they can you know experience this wholesome wholesome ecosystem right. So I think these sort of things will help and eventually in some years we will we will see more and more increased method option.
Great. And what are your thoughts, Tylan?
Yeah, so I mean obviously, you know, it can have some really good points on this side and what I want to add is from Paris perspective.
Yeah, I'm here. Can you hear me?
I can hear you actually. Oh, I can hear you. Well, you can hear Tadam.
Yeah. So I can't hear it though then at all. That's very odd.
I suggest maybe Fulkank and Eri connect and in the meantime Thailand can talk. Sure, absolutely. Apology that everyone, I'll just rejoin. Thanks.
Are you on it? Okay, you can still hear me, right? I can. Yeah, I can hear you a lot. I'm clear. All right. Cool. So, yeah, so I was just going to say from Paris perspective, you know, our mission is just making
DeFi and in general all the dApps on the Algrang blockchain as accessible as possible through a pair So we really want to become the window, you know through which people access the algorithm ecosystem really easily and with as little friction
as possible. There's of course some level of education is always needed, some level of research is always needed, but we're trying to really minimize that whole, you know, do your own research, you know, mantra in the crypto space because the reality is most people won't do their own research.
And most people when faced with very complex solutions or complex interfaces, they will choose to either not interface with them or they will make mistakes that they that makes them, you know, regret their decisions. So this is, I think, a core reason why centralizing
changes are so popular because they're the space it's easy to use, right? So the ease of use is the critical piece that we're missing from existing solutions today. So what we're working on in our core mission at Terra is just making onboarding
to the wallet really easy, but beyond that also interfacing with other dApps really easy. So everyone can easily access with safety being one of our core mantras. All right.
Let me add that, because I like your point about not everybody is going to do that.
And I think it's a big of a hurdle or just overreaching maybe to expect everybody to do a little bit of research about everything. So I think it's not realistic at all to expect that. But in this ecosystem, we're doing some things that will actually eliminate all of
these. And you know, one of the things that I want to point out that, for example, what we can do, for example, just pushing those core principles out there and letting people know about if some platforms or if some
really stick to it right. So I think that can make a difference. And in, for example, in the case of FTX, the fact that they are centralized actually calls this whole upheaval. And it shouldn't be there from the first place. It's not because it's not a
So if you can reduce these frictions and then give people just the basic bits of what they should do and then platforms like parallel opens up a whole new world about these about these dm
to. And it's not really a confidence issue, but like if people know just these basics and then they come and they see all of these sort of like the verified assets in algorithms, we can actually take a step forward with that. Don't you think?
Yeah, yeah, I told the agree exactly so you know we're also looking at it from a safety and security perspective right like being able to filter out bad players before they even have a chance to interact with users allowing beyond the essay verification we really want to go beyond and go
towards you know, that verification, smart contract verification. These are things that we'll be working on in the future and we're also actively working with other chain players that want to come into the algorithmic system and start providing more safety features because some of these already exist on other chains like Ethereum.
And a good example of this is companies working on smart contract validation. So first off, we can tell people whether a smart contract is already open sourced or audited or not. We can verify that. And then we can also verify that the open sourced version is the version that they're actually
interfacing with or not. There are some solutions that are being worked on. I think these are going to be really critical for future safety. And we see this as you know, Perez' core mission objective, as I've said, to provide easy information around the stuff people can at a glass, know and trust things that they can trust.
Thanks, thanks, Eakin and Tylan. Can you hear me now? Yeah, we can. Welcome back. Great. Great. I'm back again. So, yeah, thanks. Thanks again for your insights. A very great conversation. They're on a very important topic and really looking forward to obviously the next wave of DeFi.
You mentioned a time that you mentioned the point about onboarding personal from personal experience when I came into web 3. Like setting up a wallet and understanding the wise behind it was probably the most complicated thing. However, obviously understand it well enough now, but certainly an area where obviously
I guess DeFi can look forward to in terms of education and you mentioned that you're already doing things there. So that's great to hear and obviously great insights from Eakin as well. So obviously we've come to the end of topics but got some really exciting
things so Pere and Tanya and mine are both going to share their roadmap updates. So whoever wants to take first, you can not island, go for it. I can go first as mine is pretty short right now. As you know, I mean, the Cypher's upon us next week we're going to
have our CTO talking decipher about a new language that he developed. The language name is T.Lish so if you follow him on decipher or like in our socials we're also going to share some details about that. I mean it's gonna be some it's gonna be laying the ground works for our
next update too so I think it's very important. What we're also doing is that we're extending our reach to other projects as well. So if you've noticed that, or if you go to Tiny Men and if you go to Farm, you will see right now two projects right now are featured there and they're putting their own funds for the company.
community. So we want to start working with other projects too and we are in talks with them too. So I think that's also an update about the feature. We cannot say like which one, so like which one's for certain coming, but if you follow up with us, like stay tuned, you're going to have more opportunities in the foreign section as well.
Great, and just for the audience as well, which is the best place to get your updates from Tiny Man? So we basically tell everybody and we try to coordinate them across all channels. So we have four main channels right now.
to a third discord telegram and thread it. So if you use only one of them, that's fine. We tend to have more conversations around these topics in discord and telegram at the moment. And thread it is sort of like a South-Rank community where they ask and answer themselves. Obviously we monitor that place too.
If you have any questions or if you wonder about something, you can reach out to us there too. Thanks again, great updates and really looking forward to them. So yeah, over to you, Thailand, obviously for parallel map updates. Yeah, for sure.
We have a lot. So we've been working very hard the last six months to get things to get some big initiatives, you know, off the ground and we are reaching the end of those initiatives. So there are a lot of things are going to be launching over the next two months or so. Beginning with swap obviously. So the
very happy to announce that we've completed all of our testing and regression testing on our Android swap release, which will be 550. And it's actually on the review as of this morning by Google. So we expect to be releasing it later today. The swap is going to be the swap or iOS is probably
going to be coming next week as well. So it'll just be on the heels of this one and those are going to be our 5.5.4 series. And one of the cool things about Swap is, you know, we've taken, again, with everything that we do, we look for simplicity. And from a fee structure perspective, I think it's
important to mention that we're just adding a very small convenience fee that's charged as algal for and it's a fixed fee for every transaction. It's going to be 0.5 algal for every transaction and we will be working on various campaigns around this as well. So we will be launching
a call lab campaign with a tiny man team with some really cool tiny cell NFTs that will be given out over the next week or so and the holders of these NFTs will get essentially for as long as they hold these NFTs they will get a few
50% discount on the swap fees or per convenience fees for swap. And we're actually going to be extending this to all of our governor NFTs as well. So all of our governor NFT holders are also going to be benefiting from 50% discount on the convenience fees.
And we plan to expand this program to all of our future features as well. So you will see this popping up with various other initiatives and NFT holders will start getting some benefits out of them too. So really, really happy to announce that because they spend, you know, a long time in the making.
But we're getting to that point now and I know the community has been asking many many times that we couldn't give specific answers so so it feels good to you know get all of this out there And after swap we have pretty much on his heels. We have really cool discover feature that's gonna be launching
Probably out for beta release next week and we're going to be sitting it to our to our tester community on discord And then beyond that we don't have a specific ETA, but probably a few weeks, you know early December we should have this out and about and it's going to be really cool Full vestige
integration so you will get to see very detailed metrics on the markets, on pools and ASAs and trending tokens. You will get to browse DAPs and we will have a really nice DAP browser that will be fully integrated within
wallet with wallet connect so you can just seamlessly go to Tiny Man or go to Algofy or Lafte or any other DAV solution on on Algrand and interface with them directly within the wallet which will remove a lot of the friction of going back and forth between the mobile browser
when you're mobile only. So we're very excited to release that as well. And then we're just going to keep going. We have many more that we're not ready to release yet, but the announcements will keep coming up on Twitter on Discord and Reddit and just keep your eyes peeled and we'll keep asking them.
That's great. That's a lot to look forward to. So thanks for the update, Thailand. And yeah, I'm really happy to hear the updates from both projects. It certainly feels that obviously the ecosystem is maturing in a very positive way. So a lot to look forward to.
So, so we've obviously come to almost the conclusion of the session, but we still have some more. So as we as we said earlier in the sessions that will take some questions from the community. So we I'll just obviously read out some of the questions.
So all grown casino, so all grown casino on Twitter has else like
When does the swap integration launch which you've pretty much covered Thailand, but is there an exact timeline that you can provide? Yeah, I mean as I mentioned Android as soon as Google approves it is going to start rolling out with everything we with every Android release we do a slow rollout.
the big number of devices. So about 25% will get access probably within today. And I'm going to keep rolling out over the next three to four days. So everyone should have access by this weekend on Android and iOS next week.
That's great. And Ekin, a question for tiny man as well. When will we see atomic swabs on tiny man?
Well, I'll come from Algorand Casino, right? I mean, hello to Cal. We had a very nice conversation with him like two weeks ago. If you wonder about like what's going on over their site, you can actually go over to our Twitter and then listen to that.
that too. And coming back to the question, it's not really on the immediate roadmap. So these things are very like forward putting something on our roadmap. We actually study how things work out for us and what's the need and like what's the over like
what's their significance in the oral scheme. So right now I cannot really tell a certain date, but I can say that it's under our radar and you should expect it in the future too.
Great, thanks, thanks very much, Eakin.
So there's another question, Thailand, and I don't know how much you can share publicly, but the question is again from the same user asking how many wallet downloads has para head. Can you tell us how many daily users you have on the app?
Good question. I don't have the numbers in front of me, but very roughly we had around. So in terms of downloads since pair launched, we had around
over half a million Uniques as is what I know it was around 400,000 back in August and I think we crossed the half a million unique users By mid November and then on the
We are hovering around 75 to 80,000 weekly unique users that are actively using the wallets across IS and Android. Keep in mind, of course, that these are significantly
down due to market conditions. Of course, there's still quite high and we like them, but we hope that these numbers will triple and quadruple over the next year as things start to pick up again. And then one other important number that we like to look at
the retention metrics because for Para, you know, it was mostly a functional wallet before. So it wasn't there wasn't much to do in the wallet. So what we are focused on is how much time do people spend in Para and how many times do they come back?
And those metrics are up about 400% since the went from Algrant, will it to Parable it? So over the last year or so, nine months or so, we quadruple those numbers. So they're very happy with that. And that's our primary focus nowadays.
Well, those are some very powerful numbers, congrats to pair on those. So, Ikin, a question for tiny men, what are the most challenging steps or decisions you have taken for your project?
I think you can last connection and now he's back.
Yeah. Last couple of centers, silence at. Sorry that there's like strong winds and heavy rain here. Can you please repeat the question?
Absolutely, no worries. So question from SD on Twitter. What are the most challenging steps or decisions you have taken for your project? Okay, so it's not about the most challenging because like everything that we want to do is kind of like a pioneer thing because we're working on it totally.
complete the new ecosystem and we have some kind of other types of projects that are doing some stuff on other blockchains, right? And we really look up to them and we want to get inspired by them. But the whole challenge is actually really committing through a real roadmap
and seeing it through. For example, Thailand said a couple of times today that some things took more than six months and they really do. The way we commit to creating smart contracts, for example, we write them and then they go over to other things and then they come back, there's like,
all comms going on for maybe months and then we have to get it working on the platform too which is another source of sort of work. So even the simplest stuff as a huge roadmap and it takes months to do certain things and it's very good because it's
It's sort of aligned with human nature because we sometimes always estimate ourselves what we can do in the short term. And we probably underestimate ourselves what we can do in the long term. So when we see things in the long term, we get really motivated.
The first tiny man V1.0 came out after months and months of work and the whole branding and the whole idea came together after maybe like more than six months of work and we're still working on other stuff that you're going to see in the future and they
They also take months and they also take like a lot of team members to do it. And you know, it's kind of hard, you know, if you think about it, you know, if you imagine it, maybe it can be overwhelming. It's certainly challenging because we have to discover many things. We have to innovate. You have to stick to these ideas.
But in the end, on the last day, maybe your launching things, it's not really challenging, it's really actually fun. And the whole emotion changes from the heart to easy and to enjoying it. So I think that's my answer to this question.
Okay, thanks. It can and personal and we'll just take one last question because we're running short on time But a personal question from me is like a wave or a spoken about obviously regulations and
And all those different things, obviously, being impediments to defy, to the development of defy. But what other impediments do you think are currently existing in the way of defy and its growth?
Should I go first? I know. So yeah, I mean the regulations and the impediments that are offered are presented to us by some government bodies or other types of authorities will always be a challenge.
I think that's not the real issue because governments or authorities actually belong to people at some point, you know, not in all cases around the world, but like at some point they do. The real challenge I think is actually to break down these walls of maybe negative thoughts about the blockchain or about the crypto space and it's really
Hard to do it on these days when a giant FTX goes on their show. The real thing should be about doing the right thing and being about telling people about what you're really trying to do here. Because the core ambition of us is actually give back people their
control of finances and give back people the access to all the assets projects to any ideas that can happen in this space. So I think it's not really like an impediment but like every person has some
sort of like a threshold that we want to, you know, we have to, you know, go over. So these sort of regional group people or like just individual cases, we have to go over these thresholds and this can be an impediment that will repeat itself over and over.
Thanks again, then, Tyler. Yeah, thanks again. I totally agree with that. What I'll add is I think what we need, especially in D5, is simplicity. I mean, you know, I understand, especially for technical folks and also for finance folks as well.
in this space, I find that crypto and blockchain are really fun things to deal with. There are a lot of challenges, there is a lot of possibilities, you can, you know, composability and being able to build different strategies is a lot of fun for a very niche group of people. But when you look at
at mainstream and when we look at what most people want to do, they want easy solutions, right? They want simplicity because to be honest, like most of us don't understand what most of the DeFi solutions do. So when I look at the market, the ones that simplify, the ones that hide the complexity as much as
possible last thing, you know, really true to the user and what they want to achieve, they succeed. I think TinyMan has done a great job of this, right? Like they took a fairly complex activity that user wants to do and they brought it down to its absolute essentials and they've been
this in a very easy to use UI. I think we need more solutions like this, not more complicated DeFi solutions, but more simplification. What I always draw and I mentioned a few times in the past is a very good example is the ETFs, right? So when you know in the FinTech industry
When the ETFs came along, they became an overnight success. Why? Because nobody really understood how to trade, what to trade, and they had to rely on financial advisors to be able to trade on the stock market. There were two answers to this. One was ETFs and being able to group assets together.
they made sense and they were categorized. So if you want to invest in a specific area, you could easily do that with a single product. And then other was simplified trading of specific stocks, solutions like Robinhood and others that brought trading to a very simple interface where you didn't have to
think about limit orders and futures and all of that, you just trade it at the moment. So I think for adoption, we need to follow a similar path and really simplify the solutions, not just the interfaces, but the solutions themselves so people can interface. We are seeing other, for instance, rainbow
is a great example of this on Ethereum. Their market view is, offers very easy to access to combined assets that can be traded very easily and they really feature this really well. So if you're a newcomer, you understand, oh, I want to invest in a specific industrial
within crypto because that's what I believe in and they just offer really easy to use solutions for that. So I think that's going to be really big or whoever does this properly in the algorithm system is going to be very successful. Great, thanks. Thanks, Alan.
100% agree with both of your viewpoints really enjoyed the session and I knew I was going to enjoy it even before I went into more grading it. So thanks again, thanks really thanks to both of you for taking out your time for this great conversation and obviously just reminded to everyone
one that we have an upcoming live session series as well, which will be scheduled after the cipher. And just want to thank, again, to, thanks again to you, to I learn as well as to you, Eakin, for making the time. And obviously, thanks to everyone who joined, we had a good
It turned out today. So it's really great to see everyone who joined in on the conversation and also for the great question. Sorry we didn't get to everyone. We ran out of time, but we hope to see you all in the next one. Until next time. Thanks again. See you. Bye. Thank you for coming. Thank you. Thank you everyone.