Hello everybody, we're getting set up and getting everything up and running and working with a little bit of a sound check as well. Ejoinioners for these Twitter spaces with ontology and Zoomy Finance as we discuss the exciting long
of a debt support for the ontology EVM, something the the the topology community has been asking about for a very long time and is very excited about. Before we get started properly, I'll just ask Yand, who's here from the Zoomy Finance, just do a quick mic check for me to make sure we're working okay.
Check one two three and my good to go. Absolutely perfect. Thank you very much.
Okay, we'll give it maybe a short minute or so just to make sure everybody's got time to get on but we've got quite a few people already tuned in so that's really good. Great to see everybody here. As I say this is a Twitch space because
Ontology of being looking at deck support for a little while, so it's really exciting. I'm personally super excited to have a Zoom finance supporting the Ontology EVM with their decks. Easy swap, I think I'm pronouncing that right. We'll find out in a couple of minutes.
And that's a really cool to see. You know, one of the reasons is exciting to see this is it offers a really easy pathway for people who stake their ONT tokens and can then swap get ONG as reward.
and swap out back into a WNT to compound. That's one thing that can be supported on there. Also, applications like Wing Finance offer some great opportunities in DeFi, but have lacked deck support for some of the tokens on there. So now we have an opportunity to create liquidity pools
and to expand on that. We're going to cover all that very shortly. So you could probably tell I'm really pleased to have Yond here from Azumi. So that's not waste too much time listening to me. And I'll kick off just getting Yond to introduce himself and what Azumi is all about.
Hey, thanks, Jof. I think I might be hearing some choppy sounds from you, but I think it's my problem. Or is it, is it happening to all the audience? I'm not sure, but I can get your question perfectly. So yeah, let me start with my
introduction. So I'm Yond, the marketing manager of user me finance, and I've been working with this team for over a year now. So I started as a community contributor to finance, and then I switched to full time building in web
So yeah, glad to be here introducing EasySwap and our integration with Ontology EVM. Thank you, Jeff. I'm not sure if that's cleared up my sound. Any better? Can you hear me better now?
It's better, but there's so I think it's good to go now
Just checking my sound, I didn't get your response there, just seeing if my sound's improved.
Yep, it's better than last time. Okay, perfect. Thank you. Thank you very much for the introduction. I think that's really great and really important. And, you know, we, as I mentioned earlier,
They say that we now have debt support on the EVM. It opens up lots of opportunities for users on the Ontology EVM network, on the Ontology EVM system in DeFi.
I think one of the things that people would really like to know is what is the Dex product on EasySwap? We see lots of different Dex's built in a variety of different ways. So it'd be really cool to hear a little bit more about how the EasySwap Dex functions. What it is about EasySwap?
Yeah, I'm very happy to take this question and I hope this question is not I hope my answer is not getting very sophisticated because it involves a lot of sort of like AMM or you know all these underlying structure stuff But I'll try to explain it in a in a simple way. So basically Eastern finance offers swap services
like other swap like you know pancake swap or Uni swap or sushi swap but the underlying AMM of us is totally different from other competitors of the or maybe other decks products in the market so traditionally for a V2 decks for a decks like pancake swap or sushi swap they use
a constant product function, which is called x, y equals k, x times y equals k. So the curve will be, you know, we'll spread on the coordinates in a continuous way. So this is good, but the only shortcoming of it is
the lack of capital efficiency. For example, both ends of the curve will not be utilized as efficient as possible compared to with the 2-hour AMM. For example, if you trade an ETH to USDC, let's say the current price of an ETH
is 2000 USD/C and you put 2000 USD/C and 1 ETH to the price curve to the liquidity pool. The price range will range from let's say like $1 to 2000 and at both ends like for example if ETH
up above, let's say like 1800 and drops under like 200. Your liquidity will still be effective, right? But users won't really need that much of the equity from both ads because that will only happen in very extreme cases. And you need
What B3 does is the improvement on this by cutting the edges, cutting the ends and making only the middle one, the middle curve effective. They call it concentrated liquidity, which means that you can set your price range of both of your assets in the liquidity pool.
when the price is between the lower price and the upper price you set, your liquidity will be effective. And this is sort of like inspiration of our AMM and we sort of did an improvement on this, what we
We cut the price range into several spreads or bins you can call it or take, you can call it. And only when liquidity is needed in certain bins, your liquidity will be triggered. So which means that you can save the
use liquidity and let them rest so that the capital efficiency of the AMM of our AMM would much higher than the V2 Dex's or maybe concentrated liquidity. So this is how we function and we call this AMM as discretized liquidity. So imagine you
you trade with strategies on a centralized exchange and you make a price grid on trading. This is the similar logic to our AMM. So I think that's the major difference between us and the other DEX products. However,
This kind of like advanced or innovative AMM is not perfect. So I have to admit that the impermanent loss on our AMM is larger than a significantly larger than other taxes like veto taxes for concentrated liquidity. But I think for most users who don't provide liquidity and who
will only trade on a swap. I think we'll function perfectly. So I think that's our advantage as well. Back to you, Jo. >> John, brilliant description of something that's very, very complicated, really enjoyed that. So I have a real personal interest in indexes in general. So just to let the audience know,
the way. For the easiest stuff that most people want to get involved in in the first place and that's the actual swapping of tokens on the decks. There's a little guide pinned to our Twitter page. If you have a look at our profile you can actually see the guide there so you know what you're doing. I want to follow up beyond on the liquidity supply on that
So this is another thing that I'm personally interested in, I'm sure the people in the community interest and getting involved in and that's the creation of their own pools and the creation of asset support. I mentioned Wink Finance in the introduction, you know, Wink Finance has a variety of tokens on the EVM, for instance, on the ontology EVM that pools could be
open for on a zoom-e, finance, and easy swap, for instance. So one of the questions could be a pretty tough one, but let's go for it anyway. You mentioned the impermanent loss, concentrated liquidity that the payoff for any AMM is, if you want to play with concentrated liquidity, impermanent
increases for the liquidity suppliers. It's a risk those of us that supply liquidity are willing to take because the flip side and I just want to check on that the flip side tends to be that fees tend to increase as well. Is that the case also on easy swap? Would you say you see increased fees returned to the people providing that liquidity as well?
Exactly, exactly. So for those people who don't have a previous background on defynologists, so they might have a trouble, you know, providing liquidity or setting up the price range on Uniswabb3, because they have no idea where they have to predict how the market goes, right? And I think it's pretty tough for people to predict, right?
And nobody actually predict 100% right. So what we do, what we provide is we provide three, you know, sort of like programs or strategies for you, you know, to learn on. So we provide three liquidity providing modes, which is, I think the first one is called one sided.
The second one is called fixed range and the third one will be dynamic range. So these three strategies will guide you through setting up the liquidity yourself and different modes, you know, is more so both for different assets. For example, if you put
Voltile assets against stable assets you should be choosing one side it and if you provided voltile assets against voltile assets you should be selecting dynamic if you provide stable assets against stable assets you will be selecting
So these are the strategies that we provide and I think that's much much more helpful than Iniswap3 because essentially on Iniswap3 when it provides liquidity it won't tell you anything right it only shows you the price range and the price ticks you'll be able to have the
but they won't guide you through the process of setting it. So I think, yeah, that's some of the improvements on barrier of entry. So we try to lower down that entry barrier for most users and get them going on the V3 like with your style Texas.
Hi, yeah, I'm done with the usual
I think I might lose your voice. Can I try reconnect? I can't hear anything now.
Yeah, let me let me try to reconnect for a second