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TLOS <> BASE : Bridge is Live!
Recorded: June 20, 2025 Duration: 0:47:12Space Recording
Short Summary
Telos is set to leverage Layer Zero's OmniFungible Token Standard to enhance cross-chain capabilities, marking a significant project launch. The integration aims to facilitate seamless token movement across networks, driving growth and liquidity while fostering strategic partnerships and innovative fundraising opportunities.
Full Transcription
Hello Jacob, what a pleasant surprise to have you here. Hey Jesse, welcome.
Hey, can you hear me okay?
Yeah, coming through clear.
I'm going to promote you to co-? Yeah, coming through clear.
I'm going to promote you to co-host as well.
Sounds good.
Let's hope that X Spaces continues to work better than it did the last time.
I know last time it was really bad.
I'm surprised.
What happens when I do it on the laptop is I click go live, and then there's a long pause, and then it eventually
creates a pop-up.
So it's a bit strange.
Actually, JT says he's in, but I don't see him.
I couldn't see you.
That's what he's doing. him. I couldn't see you.
I couldn't see you, Jesse, before when you joined.
Before you requested, I couldn't see you in the room.
I only see two listeners.
Yes, Jacob and DeFi met. W Dude, welcome.
So I think Justin will be joining you Jesse which would be great.
Sounds good. sounds good Okay, welcome up, Justin.
There might be some bugs happening right now.
I'm not fully sure.
I think we can see some people, but not everyone who's in the audience.
So, yeah.
Okay, so just to let everyone
know there is a hard stop um at the top of the hour so we'll probably wrap things up before then
yeah pass it over to you jesse and justin
hey justin can you yeah okay all right did we want to get started and kind of explain, I guess, the setup of the bridge and what we've done there?
Maybe you can kick us off there.
Absolutely.
So, you know, we had Layer Zero using their OmniFungible Token Standard.
So that's OFT.
And we've used that for the ELOS token. So they have
a few different varieties of OFT. You can deploy a new token, brand new on any chain as an OFT,
and then it becomes bridgeable. There's some work to do, and that's kind of what we'll talk
about here. But then you can also take an existing ERC-20 token and create a proxy OFT.
So you can take any token that wasn't originally intended to be bridgeable and make it bridgeable.
And then you could do a native OFT.
That's what we've done because Telos is actually not an ERC-20 token.
It's the gas token of the Telos EVM.
So we use their native OFT contract on Telos.
And then we use the normal OFT contracts throughout six networks, five networks now.
And then base.
So base brings that number up by one.
So we have Telos on Ethereum, Binance Smart Chain, Arbitrum, Avalanche.
There's more than that.
We had to set up the bridge for all those.
And then we added base.
So by adding base, we got to pair base with every one
of the existing networks.
And that allows the Telos token to be moved from Ethereum to base to Avalanche back to
Telos in any direction.
It's not the hub and spoke model, right?
So you don't have to move it back to Telos then to move it to base.
If you got it on Ethereum, because there's a lot of trading that goes on there and a
lot of liquidity there, you can move it directly from ethereum to base
or if you acquire it through base and you want to you know go trade it on binance or ethereum or telos you can move it to any one of those directly and that's great because you know some
of these chains have uh really affordable gas prices like telos um so you don't necessarily
want to have to kind of go back to eth Ethereum if you bought it there or anything like that.
And it's really a great, clean piece of software that Layer Zero has provided.
So we run them all on every network.
We have Gnosis Safe multi-sig set up.
So the process was involving all of us, where I would propose the addition where you kind of tell Telos side to connect to base, and you tell base side that it can connect to Telos.
Now that route is open. And to make that happen, we had to sign a multi-sig on each side. So it ended up being, I i think six or eight multi-sigs that we had to sign
in order to uh hair every different possible route up and we got that done this week and
now we're working on the next steps now that the tokens can move where where do we move them what
do we set up um so and it was it was really cool think Justin, you, you asked me when we were, when we were just getting started, you asked me to confirm the correct token contract address on base.
And it was a little surprising because we already had about 20 people that had bridged, right? There's like the holders was already like way more than my test account and your test account. Yeah, actually, yeah, I think that either bridged or, yeah, gotten some access to some
liquidity, but yeah, people kind of noticed straight away on chain and they're like, we
already had 30 holders within like 10 minutes.
So it was kind of, kind of incredible.
Yeah, I think there's definitely a lot of, you know, layer zero to their token and their
airdrop. And so when we first integrated with layer zero, there definitely a lot of, you know, Layer Zero did their token and their airdrop.
And so when we first integrated with Layer Zero, there was a lot of activity being done.
Because when we integrated Layer Zero, it was before the airdrop that they did, or before they even announced it.
But there was so much speculation that they were going to do a token airdrop that there was a huge amount of accounts that would just look to use the bridge in any way possible. So I'm sure that there's still a lot of, you know,
bots or scripts people have running that observe any new, you know,
routes and things like that. And then automatically just kind of try to be the
first to bridge or things like that, just to,
if there is an opportunity they want to have been the first
one to to do it so no definitely um and you know just to give people some context we were
kind of already planning to add base and salon i think we announced it quite a while ago and then
like when we saw um you know coinbase put out information about how they're going to be integrating like base Dex based assets directly into their main app, then it kind of caused us to like really speed that process up of getting the base route going for Telos.
base route going for for telos and uh this whole entire i guess like plan that we've put together
um it's just kind of incredible what this this sort of opens up for for telos we still will be
like adding solana that's going to be the next bridge that we we move to um but broader than
that i think there's just like real opportunities to, to bring
Telos wherever the liquidity is.
And that's sort of what we're doing here.
Um, I don't know if we want to dig a little bit more into like the, the overarching base
plan.
What do you, what do you think, Jesse?
Yeah.
I mean, at this point we've got've got the bridge is open and working. You've done the addition of the new token to the bridge UI, which that worked great. It just showed up as soon as we got these routes configured. They each kind of popped up as an option in the bridge itself.
up as an option in the bridge itself.
And now it's a matter of adding liquidity.
So adding liquidity and really pushing for, you know, Coinbase made that tweet, obviously.
That's why we're here talking about this.
And that's why we, you know, kind of prioritize getting this one up right away.
As you mentioned, I will touch on it a little bit.
You know, the plan was to do base in Solana. Base being an
EVM is actually not too hard. We've got like six different
tokens now set up, six different EVM networks set up that the
Solana one was definitely much harder. So we had we did do a lot
of work to get the Solana one working
on testnet. We had to work with the layer zero team. They had to give us some kind of custom
workaround tooling to make it happen. So, and there was some back and forth there. So that took
quite some time to get Solana working on testnet. And then the biggest, and of course on testnet um and then the the biggest and and of course on testnet i also set up you know a few
evms and so i knew that the evm side would be quite easy and for base it wasn't too difficult
obviously we had to be very cautious this isn't something that you want to um you know do
carelessly you still have to be very careful um we wanted it to go successful without any issues
which it did but now for Solana, you know,
it's going to probably take a little bit longer because it is a totally
different technology.
We have to apply these workarounds that we got from the layer zero team,
and we need to do it with a multi-sig.
We don't have a multi-sig on Solana.
I've got to kind of go learn what their multi-sig solution is,
how it works, how to construct transactions through the multi-sig.
All of those things are still things we haven't conquered yet.
Obviously, with EVMs, Gnosis is a great tool,
and it was really easy to set those transactions up.
So, yeah, like the next step,
we'll be starting to work on the Solana bridge,
but it won't be as quick as the bridge for base was. But obviously with base, the prioritization there is on their
tweet. So they tweeted that as I'm sure everybody's seen, they're going to be adding all the assets
from Coinbase DEXs. So our next step to what you mentioned is to, to move and add liquidity to a decks on Coinbase.
And, you know,
Arrow dome is one of the leading decks and if not the leading decks,
I'm not sure Justin,
maybe you know,
kind of the biggest are 55% of the volume happening on base.
I think Uniswap on base is like a distant second but like 55 is is really freaking huge
um they're really dominating over there i mean they're clearly the biggest there's no room for
even if there's only one other decks they're still the biggest but i'm sure there's you know
a hundred other decks is over there so um yeah that's that's huge yeah huge yeah oh we will have like an announcement going out i'm not sure exactly
when but in the next few days uh for all the incentives to go live um so kind of look out
for that for aerodrome um technically you can actually go and trade on aerodrome like feel
free to like that's a little bit of an Easter egg.
But things will really start moving once there's, like,
that official co-announcement with them and all the incentives come,
which will be really cool.
Just want to give people a heads up for that.
And also, you know, get ready for that event, I think.
Like, if you are interested in providing LPs,
you might want to
like start bringing over some some telos onto base you know to get ready for for what's going to
happen and i did um when we first started having this conversation for the same reason as you just
mentioned wanted to confirm with uh sukesh what his plan was. And just so that everybody knows,
Telos is half of the pool. The other half, I believe is ETH, right? So the pairing on
correct base will be Telos versus ETH. Obviously, base doesn't have their own token yet. I don't
know if they're going to, but the, you know, ETH is the gas token on base because base is a layer two on top of Ethereum.
And so the options would be ETH or a stable coin.
So the pairing is with ETH.
And if you're going to provide liquidity and want to be ready to go, bring some Telos over and bring some ETH over.
Yeah, 100%. liquidity and want to be ready to go bring some telos over and bring some eth over yeah 100 um what i just i know it's like not technical but i'm kind of curious on what
you think like the implications are going to be of like coinbase's announcement that they're
you know really opening up their ui it seems like we're just going off what they've said.
But what do you think the implications will be of like so many different assets?
They're saying a million assets will be available within Coinbase.
Of course, they won't have order books, but they'll be available to buy and I presume sell.
Like, how do you think that will change the the crypto
environment because I know like you know from our experience at Telos it's it's
really hard when you are kind of a project born on the wrong side of the
track so to speak without a big ICO without big VCs to help you get on to
exchanges so I'm just curious,
how do you think that will change the dynamic going forward
when it's kind of a lot more possible
to become available to mainstream users, essentially, right?
Yeah, well, I mean, to me,
you can tell me it's not technical, but then...
Oh, I'm sure there's a technical element as well for sure. I'm a hammer.
So all I see is nails. Um, no, the, the,
I think it depends on how they implement it.
And this is something that you and I talked about,
I think yesterday or the day before, um, which is, you know,
so you go to the Coinbase website or you go in the app, right now they said the
app, but they could very well mean the web app too,
meaning the website.
And you then get exposed to, I mean, if they're saying millions of tokens,
it makes me feel like they're just going to open it up to all tokens with a pool
on one of those DEXs like Aradon, right?
And if they do that, you know, the question then to me is like,
it seems like they have to at least have some
key for holding the tokens on base, right?
So it feels like they must have some way to generate a private key for you.
And again, Coinbase, anybody that's using the app has been
through KYC. Coinbase is compliant with the regulations and all of its jurisdictions.
And Coinbase is set up for custody. So all the regulatory things that applications wanting to
build something like this would face, Coinbase has already
taken care of it as a centralized exchange.
So none of these regulatory things come really into concern for them.
And so it's the question to me is if I go like, you know, let's say it's not tell us,
but it's just some random coin that I go create some liquidity on Arrowdome for, and then they let me trade it. You know, they're not going to go into
the centralized exchange and create a place for storing and tracking my balance of that token,
it seems. That would take a lot more work, especially at the scale of millions. So it
feels like they must have done some really interesting key custody. And it feels like they must have a way to kind of connect the liquidity on base with
liquidity on Coinbase.
So let's say I have an account on Coinbase where I've got like one ETH in Coinbase, in
their custody.
It's not on base. It's just in
Coinbase. And then they go and I go, I want to trade something on base. They just have to basically
reduce my balance in the Coinbase centralized exchange and somehow give me the same amount of
ETH on base and trade it for whatever token is I want to trade.
And now I should be able to go to Coinbase, the app,
and see that I have a balance of the Jesse token.
But that doesn't necessarily mean that the Jesse token
is in the centralized exchange.
It just means that they've done a trade for me
on the decentralized exchange.
They kept track of it, and they've got a private key that they're holding onto
for me. So that if I want to go sell that token, then I could,
they could do that.
They could fulfill the trade by swapping it back on base.
So it's going to be, I think,
incredibly a big shift for people, Anybody that's been using Coinbase,
they're going to have like a whole new arena of assets to participate with.
And I think the technology that's probably behind it is going to be
probably first of its kind. I mean,
base itself is very unique in its relationship
with Coinbase. The fact that Coinbase is a publicly traded centralized exchange in the
States, et cetera. They are already very unique in that way, but now they have this technology
that's exposing the DEX to centralized exchange users. You know, on a certain
level, if they, if you think they might be just trying to remain a little bit relevant, they've
seen how huge DEX volume is. And so they want to participate in that. But also, you know, others are
probably going to want to follow suit. And Coinbase their video said you know it's not just base
right it's they're going to take and start adding other networks in the future so however they
approach this and whatever technology and kind of architecture they use with the software
is going to be repeatable for other networks and then that makes me feel like it could be
repeatable for other exchanges to also tap into other networks.
And with all the regulatory clarity
that's coming here in the States,
with the Genius Act and everything else,
I think it's just a pretty exciting time
for big players like Coinbase
to be making these kinds of moves
because we don't know yet what they're going to do.
But I think that the clouds have cleared and there's a lot of blue skies that they're looking
ahead at.
And they've got probably a lot of pent up, you know, ideas and they've wanted probably
to do some of these things for maybe longer than we realize.
And they just couldn't.
And now they've been able to kind of uncork that bottle of champagne and they're just like, let's go, let's go do this.
And so it'll be really interesting to see not only what they do with Coinbase Dex trading, like what, you know, immediate new thing is going to be.
you know, immediate new thing is going to be. But now what unfolds after that, and grows out of that
is going to be even maybe more interesting with, you know, a Binance, Binance US, Gemini, Kraken,
you know, the other US based exchanges, and worldwide as well, right? I mean, that kind of then sets the tone for global crypto exchanges.
So get on board.
Oh, yeah.
I think definitely other exchanges
are going to have to move fast to compete with this.
And I have a feeling this is something
that Coinbase has been working on
for quite a long while
because I remember they had this feature, I believe,
where you could basically trade on DEXs
using your centralized exchange wallet,
but you were still kind of utilizing those DEXs directly,
but they sort of had like some sort of wallet connect integration from memory.
But I think they, I don't know if you'd say gave up on that,
but they've decided to sort of pivot into this different route,
which is maybe using that technology that they probably built over many years,
but actually just providing that from the exchange itself
so you don't need to actually leave the exchange.
So I think that's kind of really cool.
And I wonder how fast other exchanges will be able to do something similar.
Because it seems, yeah, kind of pretty involved.
And it was kind of, yeah, really interesting you getting into the details of how they they might be actually doing it behind the scenes um there's obviously yeah some sort of um
centralized maybe execution layer that is kind of executing these trades
you know utilizing the balances from people's accounts whether it were usdc or e and able to
perform that trade and then
deliver back the asset from the decentralized exchange.
It's kind of like, maybe it doesn't sound that complicated, but I'm sure it is very
complicated, especially in the kind of secure environment that you need for an exchange
like Coinbase, where, you know, there's a lot of people who are interested
in hacking coinbase so you can't exactly leave any open doors or you need to be really careful
with like creating expansive attack surfaces for people to kind of steal money from your users
essentially so it's really that high risk element makes it much more complex
to actually execute on something like this.
But, yeah, I also wanted to touch on another point that you sort of made
in just like how this changes the markets a little bit.
Like it's obviously going to impact other exchanges who need to compete,
but it's also going to impact like a lot of projects, obviously ours.
You know, it gives us like an equal footing or an almost equal footing
to a lot of projects that kind of had a VC backing.
So I think that that creates like an environment where it's just more possible
to succeed if your project is doing good things, it's executing on good technology, which I think like Telos is and has been for years.
We've just had some really big disadvantages based on being a no ICO starter and maybe not having some big VCs on boards.
But yeah, I think this is definitely way beyond even Telos.
I mean, we're just selfish about Telos.
We love it, obviously.
But this also is, like, really great for, like, just, like, DAO projects
or just any good idea that someone wants to spin up.
They now have an ability to, without, like, getting major VC backing,
An ability to, without like getting major VC backing, to actually get on an exchange that is accessible to 50 million people, according to their latest information.
Like this just like opens up a tremendous amount of innovation potential because it's genuinely really hard to get VC buy-in into your project.
But crypto is all about innovation.
It's all about testing things, testing new economics,
testing new kinds of utility, testing microtransactions
and different DAO or incentive approaches.
It's kind of a really magical hotbed of potential that i think could potentially
be super unlocked through this and i don't think people kind of realize how big that is
like whatever crazy idea you have where it's a social network with a very unique incentive model
to make like lots of really great contributions into that platform and reward people
like that project can now with a combination of maybe like AI to help build it and also the
ability to get liquidity through you know listing on Aerodrome or Uniswap and getting in Coinbase
you suddenly if it's a really great idea and lots of people are on board with that through listing on Aerodrome or Uniswap and getting in Coinbase,
suddenly if it's a really great idea and lots of people are on board with that,
it can suddenly happen.
And so that's going to be great for projects that build on Telos even.
So we're going to be here behind the scenes kind of supporting other projects,
taking the lessons learned that we have and and helping them get on these sorts of exchanges uh through the same pathways
um so yeah i just wanted to kind of throw that in there
yeah i mean it's it's it's probably i'm being an optimist, I usually am. It's probably the technology is going to be probably really significant and impactful.
I'm really curious to see what plays out there, what we learn as they release more information and the actual trading and everything goes live.
Also, very, very interested to see like more what you
just touched on the economic side of it, the projects, how it affects the dynamics here with
projects not having to, you know, potentially pay huge listing fees, but still get exposure to
the centralized exchange users. Kind of also maybe touching a little bit on both points,
like what is the user journey look like?
Let's say, as you mentioned,
some really creative new DAO or social network
is created and deployed.
They deploy liquidity to Aerodrome and now they're exposed to all the
coinbase users. That's let's say that's successful for them. And a lot of people go through the
coinbase app to trade their, their new token, but that token actually has utility, like just much
like telos, right? right um there's something you
can actually do with this token it's not a meme and you can't do it in the coinbase app
so what is what does that journey look like what is the second leg of that tokens kind of utility
look like well i bought it i have custody of it through Coinbase's
novel technology that we're waiting to kind of see hit the road.
What does it look like now? I want to take that and I want to go use it on Telos. I want to go use
it in that social network, right? So what, you know, again, back to the technology, how is Coinbase going to make
that a really great frictionless user experience? I mean, I don't know exactly the answer there,
but I think, you know, that'll be really interesting to see too, because that's like,
that's really the second half of, of what you just described, you know,
getting access to trade the token and participate in that capacity of any new
project that launches is huge for those projects, but then they have to, you know,
they still, if they actually have the utility, not just a meme,
they still have to get those users into their own application.
So if their applications, you know, right there on base,
but they need the user to log in with like their own wallet,
like a MetaMask, how does the asset come out of the Coinbase app
and get to MetaMask so they can use it on base
or so they could bridge it to Telos, right?
That's another real interesting thing to consider.
Yeah, I love that.
I'm excited to see how it plays out.
I love that point. I think like if I can speculate and I think like we're already kind of working with Kudo and I think they're going to take their, I know they have a bridge from zero to EVM.
And, you know, they have a layer zero token similar to us.
And they're going to be on the EVM bridge and able to bridge to base.
And so that's kind of the initial approach, I think, is actually just being able to bridge super easily between Telos and base and and all the other different
networks which is already possible which is awesome but i think it will go a step further
there's like new technologies that are coming out i'm not sure if you're aware of this one yet but
layer zero our partners they announced one sig which i haven't had a deep dive in yet but it seems to allow you to execute multiple
transactions across multiple different networks in one single transaction which is why they call
it one sig um and that could like i don't know i since i haven't like dove in yet but it kind
of opens up a lot of different possibilities to create an app on Telos, for example,
and then also be able to interact with base really seamlessly
and being able to access, say,
liquidity in an aerodrome pool on Telos EVM,
but from Telos EVM that that's really cool and then at the same time having it listed on coinbase you know potentially like all these things can happen
without users even realizing uh which is like a whole mind-blowing thing in itself what possibilities
might come out of this when you
can like execute transactions across multiple chain chains without even realizing it you know
i mean yeah and it it's the evolution of you know i mean it's the evolution of a lot of software not
just crypto but it's more like i built this thing thing and it works on my laptop or I built this
thing and I'm the developer and I can make it work.
And, and everybody that looks at it is like, well, there's no way I'm going to be able
to make that work, but I see, I see what you built and that's awesome.
And then, then the developer's like, okay, so let me put this out.
Let me make it so other people can use it. But oftentimes the first exposure to something
that's not just the guy that built it or the girl that built it is like advanced users only,
right? So I got it working on my laptop and then I deployed it and I created a little tool so that
you could do it, but you barely pulled you, you barely pulled it off and you're
an advanced blockchain user, but it's out there. Right. And now you can use it and maybe a dozen
other people try it and use it. And one of those other dozen people was like, oh, cool. I could
have never built that like low level protocol, but I'm damn good at UX and I'm going to take this
thing. And I understand it now. I understand the interface and how it works.
I'm going to build around it and I'm going to take this one SIG that can run
transactions on every chain,
but it takes like a really advanced crypto user or developer to,
to actually use it.
And now I'm going to wrap it up and I'm going to hide it.
I'm going to cover it with this user experience that makes it completely frictionless.
And to your point, Justin makes it the user doesn't realize what's going on.
And now, now you've got something that anybody can use and they don't need to know what's
really going on, but through
marketing documentation, just awareness, they understand that they still have
self custody, they still have orderless global access.
It still retains all the attributes of web three and blockchain and the real,
you know, root of why everybody's here, but it's doing way more than you could have done,
you know, 10 years ago when he launched, right. It's like something that's far closer to, you know, a Facebook, Google type experience,
but you're not giving your data up to Facebook or Google and you're not hoping that they don't,
you know, shadow ban you or whatever some of these things are that happen, you know,
in these centralized platforms. you're getting all the benefits
of decentralization, but you don't have to suffer through the pain points that, you
know, many of us have experienced so many times over, you know, over all the years that
we've all been involved in, in web three.
So, um, it's, it's just exciting to see again, like what you just described that Layer Zero's put out, what Coinbase is doing, to see all these things really start to show up in a regulatory environment that I think people can sleep at night that are working on these things or that are
gambling, not gambling, like in the traditional sense, but, you know, an organization like
Coinbase, right? They're fully US traded on the stock exchange compliant with all the regulations
here. You know, they're able to take what maybe a year ago would have been a big risk to do some of these things.
And they're now able to do these things and sleep at night.
They don't have to worry that, you know, Gensler is going to throw them one of those fun letters that they send out or, you know, that there's just going to be some crackdown that destroys the product that they've built.
there's just going to be some crackdown that destroys the product that they've
built. Um,
they are able to do this without restraint and pursue really some of those
things that maybe they wanted to pursue four years ago and they just couldn't.
So unlocking all that stuff here and like, you know,
Q1 and Q2 signs have been clearly
shown by the government here in the States. And I think by
the end of the year, hopefully we see, you know, even more of these things actually passing through,
you know, Congress and everything so that they become law and
unlock the potential for what we've been kind of trying to do for so long
yeah i think that's a tremendous point like there's so many um different unlocks for dap
builders right now like tech and non-tech related there's like you know maybe like five years ago
10 years ago like if you wanted to build a DAB,
you had to build every single piece of the stack. You know what I mean? Like maybe there wasn't
indexes. You had to build that. Maybe there wasn't really bridge technology. You had to build that
yourself. It wasn't oracles. You had to build that yourself, you know? And then on top of that if you want to get um listed on exchange like that's a whole
non-technical kind of like negotiation where you have to spend a hundred thousand dollars maybe
four hundred thousand dollars to get a listing and you need to like know someone or bribe someone
like at one stage it was like super dodgy like even at some of the
top exchanges where you had to like uh you know pay one of the employees to put your token ahead
like this is not something that telos ever engaged in but but we heard stories and it was like clear
that it was happening and you know there was like publications about you know some of
the staff getting caught um so many different hurdles for builders essentially both technical
and non-technical that are now uh sort of evaporating away because these different layers
exist now you know your layer zero you which gives you like things like one sig which we were
mentioning but also allows you to easily create an omnifungible token and you suddenly have your Your layer zero, which gives you things like 1sig, which we were mentioning,
but also allows you to easily create an omni-fungible token
and you suddenly have your token being available everywhere.
We've got the graph for getting data and indexes and oracles
and all this cool technology is available now and making it easier as a builder to actually focus on the product itself, building that, building something that people want to use and just letting it thrive. is really limited if the only people who can succeed
are the ones that can navigate
all these technological overheads
and then all these non-technological overheads
in terms of investments and getting listings
and all this kind of stuff.
So like a really amazing point, I think.
Yeah, it just goes to the spirit of Web3
and permissionless access for all and no borders,
no boundaries. It's just a matter of if you want to do it, it's actually within your means to do
it. There's no big hurdles to getting it done. And removing those know, now what we're seeing with the centralized exchange approach that Coinbase has taken.
So, yeah, I mean, I think to kind of wrap it up a little bit here, like this is just an incredible opportunity for Telos.
I'm super excited in general to see what actually plays out with what Coinbase is doing here.
actually plays out with what Coinbase is doing here.
And we were fortunate to be kind of just, you know,
finger on the button, ready to go with base.
So that when we saw that tweet,
it was just a matter of, all right,
now's the time to jump on base.
So we're gonna be at the front of this.
We're gonna test the water, so to speak, of this opportunity.
We're gonna make sure that Telos is one of the first to test the water, so to speak, of this opportunity.
We're gonna make sure that Telos is one of the first and that we capitalize on the opportunity
as much as possible.
We're looking forward to the community participating
in the rewards, getting some of their Telos over there,
just participating in the activity that's going to go on.
And I think I'm really excited to see what, you know, Coinbase does with phases, you know, two, three, and four of this plan and, you know, what networks they had next.
I'd love to see Telos be included in that, you know, future growth of what DEXs get integrated.
They clearly are going to prioritize EVMs.
They're probably going to focus on affordable, fast EVMs because that's, you know, base is not as fast or cheap as Telos.
But, you know, I have a feeling they're going to prioritize really high performance EVMs.
And so it's really exciting just to have the potential for what Coinbase has signaled they're doing.
potential for what Coinbase has signaled they're doing. So I'm just super excited and
can't wait to see it play out over the next weeks. Yeah, no, me too. I mean, just to echo
some of your points and to round it up from my side, what I'm so excited about is I think this
is one of those things that really helps Telos focus on on being like tell us like we started without an ICO.
We never had money until later.
And then we had to eventually like raise money for, you know, various things, which included like major CEX listings.
And, you know, we can get a little bit more to the heart of how we began.
And generally projects can do this, you know, more of that focus on building and growing
and less of the focus on doing major raises and being able to afford lots of different things.
So that's kind of really key for me, I think.
And also, I mean, this really reminds me of back in 2021 when we really started to succeed.
Like we couldn't get listed on exchanges.
But then what we actually did was we bridged over to Ethereum and Binance Smart Chain.
We listed on Uniswap and PancakeSwap respectively.
Finally, like all these different people could get access to
To tell us and find out about us and that was a huge growth impetus
Maybe maybe even the biggest one we had other than the building of evm itself
Which again like brought us closer to the world I think
But but this actually allows us to be who we are a lot
because we don't need to battle with these, like,
crazy listing fees and expectations
that really took us away from being who we are.
So I'm super pumped about that and super pumped
about what this will mean for Telos projects generally
and the whole space.
Yeah, absolutely.
I mean, and again, I mean, that's a great point.
We can close on that.
You know, Telos is going to be hopefully one of the first.
We're definitely going to be there
when they start the whole process.
And the technology we're using to move Telos,
kind of back to the first thing I said,
the technology we're using to move Telos kind of back to my, the first thing I said, the technology we're using to move Telos from Telos EVM to base and participate
there is open source and anybody can do this with their own tokens.
Like you mentioned, Kudo, anybody can do this with an existing token.
That's on Telos EVM and anybody can deploy a new token on Telos EVM and,
and set up the bridge as well.
So this really gives everybody the opportunity to, um, you know,
participate any, anybody on Telos can get in on the same thing, you know, that,
that we'll be doing with the Telos token.
And obviously we're, we're happy to share advice and what we've learned and how
certain things were done so that anybody else can
take their token from telos over to base get into an aerodrome and have it show up in the coinbase
app like ours will be yeah 100 i mean just a piece of alpha i know our friends at uncx they're
they're one of our partners in the ecosystem, and they're actually building an OFT launcher.
So that's the core technology from Layer Zero that allows your token to become omni-chain, basically.
They're building something that allows you to, I think, either take your existing token and wrap it as an OFT,
or build an OFT from scratch.
Because I know that can be a little bit of an overhead is deploying the OFT.
So there's like these technology suites that like allow you to or handle that process for
you.
That's going to be a really big thing.
I know it's not released yet, but that's coming.
but that's coming.
And then like also like with the bridge, we control our own bridge.
And then also with the bridge, we control our own bridge.
If you have a great project, we're happy to kind of give you some advice
or push you in the right direction with how you create an OFT,
but also list your OFT on the bridge.
We really want to support the projects building on Telos
and get them inside our bridge and help get them visibility
as well with marketing. Sounds good. Well, everybody, thanks for joining us. Thanks for
your time this morning or this evening, whatever the time is for you and your part of the world.
Thank you, Justin, for coming on and chatting with me. It's always a pleasure. And thank you everybody for staying tuned to what Telos has going on.
We're really excited about what it all is and where we're taking it.
We'll have another space next week.
So keep an eye out for that to be scheduled and stay tuned to,
you know,
our Twitter and follow what updates we share as we progress with this
Coinbase journey and have a good weekend.
Awesome. Thanks, Jesse. Thanks, everyone.
Thanks, everybody. Thank you.
