I don't know how I let this happen.
The girl next door, you know.
I was like, I don't know what to do.
Honey came in and she caught me red handed.
Creeping with the girl next door.
Picture this, we were both butthead. Say it wasn't you. I ain't sick of my hotel, I baby, no way. But she called me on the counter.
Saw me banging on the sofa.
I even had her in the shower.
She even called me on camera.
She saw the marks on my shoulder.
Heard the words that I told her.
Heard the screams getting louder.
She stayed until it was over.
Honey came in and she called me red-handed. Creepy with the girl next door. It wasn was me. Bitch you know said I'm really not a right fix.
I never used to see you make the chick a low flex.
I saw the else in favor you in the complex.
Seeing is believing so you better change your specs.
You know she ain't gonna bring a body for things you're from the past.
All the little evidence you better know for mass.
Quick for your hands up, don't hold for time.
But if you back a gun you know you better run fast.
But you caught me on the counter.
Saw me banging on the sofa.
I even had her in the shower.
She even caught me on camera.
Oh my God, what's up, everybody?
This song reminds me so much of Web3, guys.
It's like, you know, when random people asking me,
why you have so many super Yedis?
And I'm like, wasn't me, guys. I don't know how that happened it was long time ago we have we have very packed episode today
i already see nft drew the legend here on stage and people's finance can't wait to talk to you
guys but we still have two more minutes of intro so guys drop a gm in the comments bookmark this
space so more people see it i don't know how how that works, but bookmarks are the alpha.
And retweet, retweet the space so more people can join us.
Hey, Bob, hooray. Hey I'm rockin' and you're yawning, but you never look my way I'm licking down your drawing in every single way
Your funny flow is foreign and the crank house on the way
This ain't got shit to do with shampoo, won't watch your hand and shoulder
Brother older, bold enough to fold ya, yo, I told ya
I'm raid afraid of what I made and played and what's the funky fist
So say you're flintin' true, pour that music in the monkey bit
Triggers from the good town, ill town, smash out with feels now
Fidel is out with roots so we're still around
Don't land with a freestyle phantom, ain't trying to be handsome
Shrinkin' what you thinkin' cause I'm vampin'
I live in type of hip-hop, this is hip-hop up today
I get props to hip-hop, so hip-hop hooray
Hey ho, hey ho, hey ho, hey ho
Hip-hop hooray, ho, hey, ho, hey, ho, hey, ho
You heard a lot about a provocating mo' ground
Bein' low down, I do the showdown with any little ho' round
Yo, wanna know who you're believin'
Even when I'm sleepin' you think I'm cheatin'
He said I know you're Mr. OPP man
Yo, PP man won't always see me, man
You should've knew when I ain't hit it as death
That I was Twitter the bitch
I did your partner cause she's hot as a baby
Cause I'm naughty by nature
You put your heart in the part of a part
And forgot that I forgave when you had a spark
You try to act like something really big is missing
Even though my name's graffiti written on your kitten I love black women always Your disrespect ain't the way Let's start go, everybody.
The song starts like you drew a picture of my morning,
but you couldn't make my day.
And we have NFT drew here.
It's fucking crazy, right?
It should be more like you NFT drew a picture of my morning.
So let's fucking go, everybody.
This is great for show 394.
What a beautiful, beautiful Thursday.
We have another epic episode ahead.
Can't wait to talk to Legends here on stage.
We'll also be joined by Other Games team.
And we're going to be talking about what's happening over the weekend. We amazing bubble yesterday that was my like first official bubble it was fun uh we claimed 36
other page badges and we definitely get into it because it's it's different than spaces and i think
it has a it has a huge potential ape chain on top other side on top let's fucking go tino what's good bro how you doing yo gm gm mfr uh really good uh it's
extremely rainy today i went on a bike in the morning uh through the heavy rain so i got really
just like the water was completely pouring and so i was completely wet and my brand is celebrating
13th birthday tomorrow and we have a birthday week this week and it's been
crazy bro we've been uh giving away stuff in the streets so it's like a geocaching hunt uh hunt so
basically we're hiding stuff in the streets for i don't know tens of thousands of dollars or euros
or like really really literally 30 different places do it web three way do it web three way leak all the locations to me man
and so i can find something yeah sure but people are hunting bro it's crazy you you put it there
you put it on instagram and in like 10 minutes there are three different groups of people
hunting and it's it's insane and we are doing some drops with young designers so i'm extremely extremely
happy about it it makes me really happy because it's uh you know uh the whole year we're saying
that the fans the customers are supporting us giving us something and and this is the week
when we are giving back in return and it's just wild like people are going nuts and it's man it's i'm i'm so pumped up i love it man
13 years that's crazy and mfr is here like oh i've been here for like i don't know six months
right why i'm not like super famous uh rich and stuff like that man it's crazy crazy i love to
hear that man i love i i see that on instagram it's crazy man people are
insane uh yeah tomorrow i'll drive into the into the city center and i'll try to try to find
something you know some insider info would help uh really you know kindly you know those dms like
kindly share some insider info with me please so yeah yeah you already you already missed one of
the caps was hidden next to the Ape Street Gallery.
So, you know, it's always good to be able to show it off to people.
And when people are sharing it, I always love it.
Bro, we need to do this with ledgers in Las Vegas for Ape Fest, right?
Like, imagine, I see Simple Farmer here.
Like, imagine that MFR, you know, walking around and he's hiding those ledgers in the, I don't know if it's legal in Vegas,
but in like the brothels or how you call those, right?
I'll be like, hello, I'm grateful Ape,
I'm just looking for some ledger here.
Bro, it's pretty funny because we've been doing
this kind of hiding stuff basically every year.
When we are doing some promotions or stuff in other cities, we also do that.
And once we did it with a friend of ours who was helping us in London.
And it was a box, like a little box that he was hiding.
Basically, there was something inside a box.
I don't know, a beanie or something but uh he had a really cool idea to hide the box uh inside a subway station like a
metro and and he got it he got in like he was suspicious like people were like the security
guards walk to him like what's happening because uh this was really many years ago i think seven
or eight years ago but i remember that was so now we what we're doing, it's always in the invisible or how do you say,
like transparent bag, so you could see what's inside
and no weird boxes or something like that,
because that might get cringe.
Yeah, I'll try to find something.
Guys, I want to share a few things. You probably know about them, but I will share them anyway. Oh, I see Crypto
Gucci there. That's amazing, man. That MF is so delicious. Let's fucking go, baby. I love that PFP too,
man. Damn, I saved a few tweets. One of them is, what's the best month for crypto in a bull market historically?
BYC account actually shared it.
I think Garga is behind the BYC account right now.
And short answer, November is usually the best month in bull markets
So I don't know what they are cooking.
I know something's happening there, October, November.
Of course, we have ApeFest, but there's something more's something more and damn man i'm here for it because we're ready
i'm so ready man and it's not only about that uh also the the outbreak was announced and it should
it should happen anytime soon uh which is another other side experience it's like zombie infection
style game so everyone who remember covet i think we gotta be really good in this game um shit don't cancel me for that right like uh uh yeah uh now i lost the pod bro
i lost the pod right now so another experience man uh i see simple farmer here you know maybe
we gotta be talking about the balls a little bit, right? I see NFT Drew.
That MF-er, like, why are you having a mutant, man?
Like, I don't understand the PFP, man.
Change that for something, I think something called B-A-Y-C, or I know you pronounce it bake,
but I would suggest, you know, you can change it.
On the other hand, bro, this mutant is insane.
Man, that's something that you never
achieve with orange background right
oh my god I'm talking about a mutant
I'm not talking about the background
mutant is beautiful but on orange
background it would be terrible but now on aquamarine
I would love you to have here with us
all the time, if don't, we can start with you
if you're busy, we can start with you
because you won the BYC, that's fucking crazy
right, and you won it because
Simple Farmer, he was here on stage
I don't know why he's not here anymore but
this game together and you won the byc so man how did you do that what's the alpha there
oh shit can you hear me guys yeah we can hear you yeah okay okay okay okay
yeah i can hear you man yeah i understand that you. Test, test. Yeah, I can hear you, man.
Yeah, I understand that you don't talk to Tino, man.
I understand that you don't talk to Tino because you have ape right now.
You don't have to talk to mutants anymore, but you can still talk to me, man.
And we have amazing mutants.
I see another incredible pink mutant in the audience with akamari background it's insane so love mutants love kodas love
all apes so yeah i was just kidding you know but nft drew tell me how did you do that man how did
you win bayc give us the alpha i i still don't think it's hit me yet. Like, everyone saying such kind words and congratulating me is just super awesome.
Just speaks to the testament of the community and everyone's being super kind.
But, like, the way that it happened, I reached out to the team for Spotlight.
I think it was, like, season two.
And I was like, yo, I was like, you know, what the fuck?
I was like, you guys aren't supporting De wallets went back and forth and so um you know just technicalities they couldn't support it so i was like all right well i'm not
i'm not participating in the season two because obviously i'm only going to do that with my
delegate wallet and so then they started talking about the multi-balls the gold silver us listening
on y'all space coffee the
captain a few other spaces a simple farmer talking so they okay sick so you know i didn't participate
in spotlight but you know i could still support the ecosystem still still support what everyone's
doing which is cool and so as soon as the collections went live i placed some wape offers
i think it was like 169 on the silver balls when I got four of those.
And then I heard Simple Farmer saying that, you know, it should be about, I think, like six or five hundred dollars.
At that time, so it placed like two, one thousand offers on the gold balls.
Immediately, people were waping them.
So played them, played the first one.
It was nothing in the second one.
It said BYC. And I like I was about threw about threw up i was like there's just no way because i've never won anything in my life
like literally ever and uh you know off just the second ball last chance you know i think it was
like still like one in 94 chance or something like that uh yeah it's just absolutely insane. Man, big shout out to you.
And I already tweeted it.
I'm like, there is no better ape than you to win this
because you help so many people, man, with security.
And I know one of the apes from Czech and Slovak club,
they lost their assets and you helped them also.
Will you switch to the Ape?
They're both Aqua, so obviously beautiful choices.
Not like the other orange BOC that's out there at the multiball.
I think when it hits the wallet,
I'm going to have to make a game time decision.
Do you know a number that you're going to get?
I don't remember the number.
I know it's an aqua with bunny ears, though.
I don't remember the number, though.
It's incredible, man. And you won it like day one right yeah yeah it was literally crazy i think it took like 10 minutes
for people to wait and then yeah just did it right after hilarious and congrats and again
uh that's karma you know like he as grateful Grateful said, you helped so many people and
you basically deserve it, man. So it's amazing that you actually waited. You didn't participate
in Spotlight, but yet you still were able to participate in the casino thingy that we're
all doing and minting like crazy. ApeChainText TXs are on fire.
So yeah, I think we're going to be looking at the decision
whether or not you're going to be changing.
I'm really, really, really...
I'm pretty sure you will.
We should put some bets on clutch markets.
100%. I think someone was saying that'm pretty sure you will. We should put some bets on clutch markets. 100%.
I think someone was saying that.
I'm going to try not to look at that.
You sounded like you are in the basement a little bit, but you can go out right now.
You already have ApeMan, so you can leave the basement.
I will quickly say hi to Simple Farmer, and then we're going to get to people's finance,
because I want to learn what they are cooking and how we can actually utilize our ApeCoin there.
But Simple Far simple farmer welcome here
how your balls are doing man
they're going extremely well sir we're closing on 1.5 million so that's 60 minted out we would
call that a great success in the d5 crypto space in terms of chain metrics. We've had three of the four ISTX days in the
interior of Ape chain. People are wondering why that matters. It matters because numbers matter,
especially from the outside looking in. Chain activity is something that's super important.
A lot of chains, I believe Somnia is a good example, has things going on that are farmed, that boost TXs.
It's super important, guys.
What we've created is an on-chain economy, which is sustainable.
Essentially, TXs drive gas, which pays for prizes.
Prizes fund interest in tickets and balls.
It's a difficult thing to do you have to mint them
the time taken to mint balls provided them value which gives them solid a solid secondary market we've had 220k plus i think actually almost 300k now balls sold on secondary the number one trending
collection on open sea three days in a row on ape chain don't know when's the last time that has ever happened um and yeah a lot of wins a lot of our great friends in the community winning cool
prizes and shout out to nft drew of course i heard that you heard me speaking on coffee with captain
and that's why you decided one of the reasons why you decided to play and do that that made my day when I heard it. NFT Drew, go ahead, man.
Damn, I don't think I can hear anyone.
Appreciate you guys inviting me out there.
Looking forward to seeing everyone in ApeFest.
And keep up the good work.
I want to see the mutant.
Big shout out to you, bro.
And I'm really happy that you actually shared your seed phrase with me.
So I double check that everything's safe.
So when you get an Ape, yeah, it's going to be amazing.
So yeah, thanks so much, man, for joining.
And I love to see that legends like NFC Drew actually winning these amazing, amazing prizes.
Simple Farmer, it's really cool, man.
I'm playing, minting 50 at the time, you know, clicking, burning, you know, trying what I can do.
And let's see if I'm going to win something.
But I think it's a cool experiment.
We're going to see what's going to happen with it.
But yeah, I love it, man.
I know I saw Nova's recently that uh he had a call
with you guys and that you've been cooking something uh it's gonna be really soon so can't
wait for that man of course you know a lot of times it's it's tricky as you get into you know
i'm running a chain running protocols there's a lot of attention, right?
People are always like, what's the next thing? What's the next thing? The most important and
critical thing is that the price of ApeCoin increases. That will contribute the most
to ApeCain activity increasing and the holder count of ApeCoin increasing. So these are like
my main three focuses. This is the main part of my job, including integration into great protocols so that when people do start getting their hands
on their ApeCoin, they know what they can do with it, right? You know, you can park it here,
park it here. You get this yield here. You got this strategy here. You've got something more
aggressive here, something less aggressive here, something new you've never tried in another place.
And I think Peapod's finance is one of the best examples we have in all of
crypto in terms of intelligent defy really really excited to have them together with you
uh here on the grateful show uh tino as well thank you guys both for hosting myself and ppods
as we deep dive into this uh there are some complexities here. So grateful. Let's try to break it down step by step.
Anytime where you're not sure about something,
we pause and I'll explain it in terms of watermelons
100% man, because I don't want to say that I'm retarded, man.
He was like, because I'm retarded, man. He was waiting for it. Tino was waiting for it. He was like, because, you know, I'm kind of retarded.
But the thing is, I always finished staking of all my apes, mutants, and doggos.
I think I'm short of like 1500 ape coin.
And then everything that I'll stake and claim, I need to put it into use somewhere, right?
So I was like, man, that's amazing hosting actually people's finance
because I can learn more what to do with my extra ApeCoin
or, you know, the other crypto that I have.
So can't wait to talk more about it.
And yeah, welcome here, guys.
I don't know if you want to share who's behind the main account here.
hear me all right yeah we hear you well hey my name is del led i'm one of the the bd reps for
peapods um people have seen me around in the clutch community as well as the peapods community
i'm super active in both and i'm also active now on ape chain i absolutely love what's going on
um with this balls campaign i'm actually minting as we speak.
Yeah, I know a lot of people actually do. I was doing too, man. I love it. I love it.
So, guys, let's start. If you have any questions, drop them into the comments. I believe there's going to be plenty of questions. And also, guys, hit that retreat button. You know, we can do better.
We have like 12 retreats.
You know, we can, oh no, we have more than 12.
So let's hit that button.
And yeah, let's start with probably the simplest question
that anyone could ask, right?
So for people that don't know what you guys doing,
how would you explain what you're building in a simple way that even some people like me can understand it?
Yeah, so we built a two-part system.
One term we coined ourselves called volatility farming.
And then we also have a leveraged LP market.
And those together, we call it leveraged volatility farming. So LVF is the acronym for short.
And I have to say, I like a simple farmer's example that we could say like watermelons or
bananas. I want to go with bananas because it's ape chain and it makes sense for all the monkeys.
But yeah, basically what volatility farming is, is we're actually able to capture the price
differences of assets as they're going up in value,
But the core of it all is arbitrage.
And what that means is for the banana example,
if bananas in South America are selling for a dollar,
but bananas in the US are selling for $2,
you can go to South America,
buy a bunch of bananas for a dollar,
us and then sell it for a profit for two dollars um that's called an arbitrage because you've
intentionally intentionally bought this asset at a lower price and then resold it somewhere else
for a higher price but what we do at ppods is we forcibly create these arbitrage opportunities and we completely monetize it for the for the
actual like protocol users and projects that launch pods so typically in the space like when
you see like a mev bot for example they're arbitraging all sorts of different tokens and
assets those mev bots keep all the profits for themselves. They'll pay like small fees to the
liquidity providers, maybe like 0.3, maybe even as high as 1%. But with P-pods, we're actually able to
monopolize the entire arbitrage route. So we make those bots pay much more than they have to to
access the arbitrage. And what we end up seeing is instead of the bots making the
biggest piece of the pie the pod users and the projects who create pods they
actually get the largest piece of the pie because we flip the script in that
way. Yeah this part I understand I think a lot of people use arbitrage in many
things in also in real life right so that that makes 100
sense and for me so what does it mean for for regular ape like how can we participate uh in uh
in a peat pods yeah so i i like to think of like a pod as like a like a machine right so under the
hood volatility farming is how we generate the yield. But we can do a couple of different things with the pod beyond just volatility farming.
Like we actually enable leverage and that's the leverage volatility farming aspect as well.
So someone who has ApeCoin, you actually have three choices that you can take on deciding
how you want to interact with the P8 pod.
And it's on Arbitrum, by the way.
So the first and lowest risk is wrapping your ape to P8.
And what's really cool is P8 is deflationary
because of the volatility farming engine under the hood.
Some of the yield that's generated through volatility farming
And what essentially happens is if you're holding P8,
that deflationary burn makes it so that in the future, when you decide to unwrap, you actually get more Ape coin. And right
now that yield is around almost 7% a year. So that's a fully deflationary, low risk way of
earning more Ape on your Ape is just by wrapping your Ape to pape so i want to make sure that makes sense for
everybody and then i can move on to the other ones as well yeah that makes sense man and and
that i feel that's something easy that i can i can do uh and that that's not that complicated right
so i love it yeah it's like staking and um you know you were doing uh normal ape staking in the
past now that's getting sunsetted um could you tell me what the the rate doing normal ape staking in the past now that's getting sunsetted
Could you tell me what the the rate was for ape staking previously?
I don't know man like simple farmer. Do you know the numbers?
I know it's giving me like 15 ape coin a day per BAYC
Or that's the number let me check it out. Yeah, the yield is definitely sub 15%
I haven't checked exactly what it is for a BAYC.
I do know that it is something that is ending soon.
So it's relatively low and not sustainable because this yield that's being provided there is just ApeCoin from the treasury, right?
It's not yields that came from any type of a TX source.
Right. And it's a form of inflation.
So there is a dilution basically for everyone who is not staking.
And what's nice is now you can just wrap your APE to P-APE.
Now you can earn 7% from a deflationary yield source instead of an inflationary yield source.
And the pot is actually like capturing more ape coins and
taking it off the market so it acts as like a liquidity sink where it coins get more scarce
and then pape is also more scarce from this deflationary burn and all the people who are
working together inside of this pod all are earning yield in a way that doesn't actually
dilute um the rest of the project token holders. So maybe Simple Farmer would be great if you could compare.
I don't want to put you on the spot, but you can double check and come back to us.
What's the native yield on Ape Chain for comparison?
Because if I just have my Ape Coin on Ape Chain, I think there is some kind of native yield, right?
So what would be the comparison and what's the difference?
Yeah, so there is the yield for ApeCoin on ApeChain, you do still have to stake it into the ApeChain stake website.
The other forms of yield we have on ape chain are independent
protocols at the moment um the only yield sources that you can benefit from are with gains trade the
perps decks with camelot decks and that's where you have to provide two-sided lp to benefit from
trading fees and clutch clutch, Clutch Markets,
the platform that I developed,
which is leading right now
I think there's still like,
if you hold ApeCoin on ApeChain,
I think you should also get some yield.
it hasn't been enough for me to notice.
Maybe I have to collect millions of
eight points like you're grateful so we can so we can verify let me check one wallet if there's more
than it was oh that's interesting if there is i wasn't aware of that either it was but uh to be
honest i haven't heard of it uh ever since there is the new staking i don't know how much is it bro
because i didn't get that much in this wallet that i'm just checking so i don't know how much is it bro because i didn't get that much in this wallet
that i'm just checking so i don't know but it would be dope to know maybe i'll tweet it out
and let's see if someone someone reply okay cool yeah so that's the the first and easiest way to
get started with the pod is wrapping ape to pape um right now the yield is seven percent um as the
pod scales up and the liquidity gets deeper, the burn will actually grow with it.
So we can expect that yield to increase as well.
And the second step is providing liquidity to PA.
And it's like providing liquidity on Camelot.
You have to put up two sides so you can put up PA and USDC.
But what's nice is because of the under the hood, what's
going on with volatility farming and the arbitrage capture, you're going to earn a higher yield
than you normally would just providing AP, USDC, LP. And that's because we're earning trading fees
just as normal, but we're also capturing that arbitrage. So that's additional beneficial yield.
But we're also capturing that arbitrage.
So that's an additional beneficial yield.
And what's cool is PAPE is in your LP.
So as you're earning these LP fees, PAPE is still earning from that deflationary burn as well.
So you get to double dip in the yield there when you're an LP provider.
Yeah, that also makes sense to me, man.
You mentioned that the first option has less risk.
So what are the risks for people that actually use this?
Yeah, so if you're going to the second option, which is providing liquidity, your risk is in permanent loss.
So that's if, you know, Ape Moons, for example, if Ape 2X is in value, you have 5% in permanent loss, like 5.3%,
which means that you have 5.3% less Ape tokens.
And instead that got converted to USDC.
So you can withdraw your LP and use the USDC to buy back your Ape.
But your LP did sell off some of your Ape Coins to satisfy the trades of the traders.
And that risk is a real risk with any LP providing protocol like Camelot or Uniswap.
Everyone should be pretty familiar with Impermanent Laws.
I need to learn more about it because I don't use many protocols except the native ApeCoin staking or that ApeChain staking platform for BOIC and Mutant Pool.
I think I found a source with the numbers.
So give me a second to double check and I can share the numbers.
But yeah, Tino, I know you are also using just the official platform.
So go ahead with the questions and I'll just double check the numbers here
from the ApeCoin Staking dashboard.
So you are already on other chains, right?
So how did that evolve in those chains?
And what's happening after you launch on ApeChain?
Are you saying for for ppods yes
yeah so um we first started on mainnet um and i think the the reason for the team back then was
mainnet had like the most liquidity um we launched back in december of 2023 um then we had moved over
to arbitrum base uh barochain and sonic and i i And I'm talking with the team.
I would like for us to launch on ApeChain.
I think it makes a lot of sense
because Ape is a very vibrant community.
And we'll probably get more activity
than we did on Barachain.
It was pretty funny how Barachain ended up playing out.
How did it play out, man?
I'm not deep into Barachain,
so I don't know what happened there is it
good or bad yeah it didn't play out so well um we had received a you know help from the you know
bear chain like foundation at first um but then chats got a little dried up um but then eventually
you know we had the liquidity launched on there um but eventually like the defy and the TVL of BearChain slowly started migrating out after we started to roll out our protocol.
And that was more so to do with like a lot of internal decisions the BearChain Foundation made according to like Bear's staking.
And it was pretty controversial and it was like a whole thing.
But yeah, they themselves just lost the interest of the community in their chain.
And then we had finally launched our protocol.
And we worked really hard to the technical lift.
But then by the time we showed up, there was only crickets.
Yeah, this is always risky with new chains.
And that's why I'm really happy we have ApeCo, right?
Like ApeCoin and ApeChain has been around since ApeFest, right?
So it will be one year soon.
And I'm really happy that we have a whole team working on it.
And I really hope that this is not going to happen like never happened on ApeChain.
Oh, yeah. I don't think it will either. just because you know you guys have been around longer you have provable user metrics and an actual like daily users coming to the protocol
or sorry coming to the chain and so many transactions um but with like bear chain for
example um not and it is obviously not the bashte, but we saw the metrics just fall off
really quickly after their, their mainnet launch. And there was a lot of hype, but that's how crypto
is, you know, you have this like explosion of hype. And then the trick is how do we keep this hype and
liquidity in one place before it just drains out somewhere else? Yeah, a hundred So with the tokens, whenever I use your platform, is it coming with any kind of governance rights or I'm just holding the, as you mentioned, PApe token and that's it?
So our governance token in the future will be VLPs.
but you would need to buy the P's token
and then wrap it to VLPs to participate in governance.
And the whole governance model that we're working towards
is actually directing the liquidity on the platform.
Because then for that third part,
which I haven't mentioned yet,
is actually taking leverage against your ApeCoin.
And when it comes to like deciding, because we have these pools called MetaVaults, which
are pools of lending liquidity, and we can direct these MetaVaults to lend to certain
So we can lend USDC to the P8 pod and help the arbitrages happen.
So we can lend USDC to the P8 pod and help the arbitrages happen.
But VLPs will ultimately in the future have the rights and the directive to decide which pods get liquidity.
And there's going to be some pretty cool game theory because maybe it might make sense for some apes to buy VLPs and vote for their own pod so that they can earn more yield on their ape.
Yeah, something to think about here grateful and uh the core of this is liquidity pools liquidity positions right and so what you
guys definitely do is you definitely trade coins at some point right you buy ape coin or you buy
eth you buy us you sell your eth for usd. Every time we're doing this, we're interacting with smart contracts
that are essentially liquidity pools.
These liquidity pools are deployed by decentralized exchanges
like Camelot, like Uniswap.
They're powering everything we're doing.
And this is one of the largest yield sources in all of crypto.
There's a reason these companies are doing extremely well.
Centralized exchanges also do extremely well, but decentralized exchanges are doing well and they're growing
because more people are trading on decentralized platforms as time progresses, as people get better
at using smart wallets. Now, the main strategy with ApeCoin is to increase exposure, increase
utility, increase liquidity, and volume for the token itself.
With that, we deployed additional Ethereum to support ApeCoin on Arbitrum 1.
But we also want better utility for ApeCoin on Arbitrum 1, and we want better trading volume.
Peapods Finance lets us do both of that.
Because of these pods, people are arbitraging on the price difference between the pod and the regular LP.
This is creating volume on the ApeCoin token.
And the treasury is actually providing the LP for ApeCoin on Arbitrum as well.
So it's a revenue source for us, and it's a utility and staking source for ApeCoin holders.
So now if they come through on Arbitrum and they buy 50k worth of ApeCoin,
there's more than enough liquidity to support that. And those users, if they just want to stay on ARB, have this golden opportunity for a low risk
yield strategy via Peapod's finance. And this is built in a way that it's 100%
non-inflationary. So the staking on ApeChain sucks. Why does it suck? Because it's derived
from nothing. It's like the government printing money, giving you stimulus checks. You're being given money, but your token value is deflating. So you're getting $1,000, but all
your groceries are getting more expensive, essentially, because you're inflating the
currency. And so this is what's happening with ApeCoin. We want to replace that with
sustainable yield, sustainable yield that's derived from trading, swapping, leverage,
lending. And Peapods is one of our first steps towards that. It's a fantastic trading, swapping, leverage, lending. And P-PODs is one of our
first steps towards that. It's a fantastic partner and it's one of the best up and coming
DeFi protocols we have in all of crypto. Yeah, thank you. And it's cool that to see
Ape Foundation playing both sides of the game here. You guys are providing the liquidity on
Camelot, but also providing the liquidity on the pod. So whenever an arbitrage does happen,
let's say a 50,000 ape buy comes through,
there's an arbitrage opportunity.
And these bots actually have to make a trade
through the main pool and the pod
after that guy bought his 50,000 apes.
So there's three transactions that happen
in two separate pools because of just one buy coming through.
And Ape Co is actually capturing the volume and fees from both sides of those pools too
Yeah, man, there was my follow-up questions like how does it benefit the Ape chain, right?
So so that's that's what you answered simple Simple Farmer. And I got a number.
So the Ape API is 6% right now.
So you can also check the link where you can see it.
Is that from staking or just holding Ape in your wallet on Ape Chain?
It's just holding the Ape in your wallet.
I found also the numbers for pools, BAYC, Mutant and Dogos.
But it's not APY, but it's APR.
And it's like 60% for Mutant, 56% for Ape and 54% for the dogs.
So basically, if you are fully staking your BYC,
you are getting, as I mentioned, almost 16 Ape a day.
I would say since we moved to Ape chain,
I think the numbers are a little higher
because not everyone bridged.
it's gonna end right and my question is 100 like what am i going to do with all the ape coin and i
want to put it into work without a massive risks right so that's my goal this is gonna end in in
april i think so what am i doing with the with the ape coin after that because a lot of people
will be in a similar situation
and you don't want to end up in April.
Everyone will be like, oh, I have 100,000 of Apecoin,
so I'm going to sell it right now because I have nothing to do with it.
So that's why I'm really curious about the Peapots
because that's one of the ways how can I utilize my Apecoin
and make even more Apecoin, right?
And we do have the third option
which is this safe leverage option um and and this is where i think it's like it really shows
the power of our protocol um so you have your apecoin let's say you have like ten thousand
dollars of apecoin you can come to ppods and borrow ten thousand dollars of usdc so you're
borrowing one-to-one and you're creating a liquidity
pool from that. Now this pool is $20,000 in size, but you only made a single side deposit of $10,000
of eight. And you're now earning fees. So if that pool is earning 10%, you're earning 2X that. So
it actually is you're earning 20% because you only made a $10,000 deposit to earn 10% on a $20,000 pool.
Yeah, that sounds good to me, man. That sounds good to me. Yeah.
Yeah. And I'll tell you the liquidation risk as well. So at one-to-one where you're borrowing
one-to-one against your ape, you have 64% range before liquidation,
which is really, it's a really large range
considering you're borrowing one-to-one.
Most other protocols like Aave or Silo,
if you're borrowing against your asset,
I think like max LTV is typically like 70%.
You never really see 100% LTV.
But that's possible with us because we're creating this liquidity pool under the hood that's yield generating.
And if you want more safety, because, you know, 64% can sometimes happen in crypto, you can actually then take a little less leverage.
So we give users the option to decide what risk level they want.
And my personal favorite leverage ratio is 1.66x um so that's basically
where i'm depositing 10k and i'm borrowing six thousand dollars um and then i put up the other
four thousand of usdc myself um and i i essentially will deposit like 14 000 in total between my ape
and usdc but i get this six thousand dollar usdc loan to make a twenty thousand dollar pool
and that liquidation rate is 84 most of the tokens i have i don't think we're at that point in the
cycle where we're going to see an 84 drop down um so i i personally feel comfortable barring at 1.66x
but the the liquidation risk is uh only when the coin is going down, right? It's not when it goes up.
So if APE drops 84% straight down, then you would get liquidated.
But what's really cool is on the way down through the volatility,
the small chopping as well, you're earning volatility yield.
And that yield is auto compounding back into the collateral.
So from day one, as you're earning yield, your liquidation risk actually starts decreasing
according to how much yield you earn. The numbers I provided are just like the day one liquidation
rates. If you earned no yield and the token went straight down. But these positions are liquidity
pools, they're yield bearing. So as you're earning this yield, your position becomes safer.
And it starts to make the liquidation risk even lower and lower.
Yeah, it's live right now.
There is a post we could share let me
my are simple do you have that link to the pod
and i'm gonna pin the post from you guys up top and then we'll okay cool yeah the link's there yeah
yep there it is and so yeah so ApeCoin already seeded.
And the most important thing to know here, Grateful,
If we're talking about that ApeChain,
that native staking you're getting,
you're getting staking, but your token is devaluing.
You've seen a virtually down-only price action
on ApeCoin since inception.
And that's because it's not a sustainable model.
It's just giving out coins that are losing value so you're getting more coins but your coins are
worth less and so we have to replace it with these kind of things. Oh 100% man I think it's gonna be
very bullish when it ends for ApeCoin but before it ends I will will accumulate much, you know, I will accumulate actually a lot of Ape Coins.
So, you know, I don't mind. So guys, you wait till April and then we go to the moon like, you know, $50.
I like that. I like that plan. So sounds good. Sounds good.
Oh shit, I see Brongis here, another legend.
Guys, damn, we need to really be grateful for the community because Brongis got hacked and lost his ape and he got it back,
especially because of Ernest Lee.
So big shout out to Ernest
and big shout out to this community
that we see Brongis here.
Also, if you want to support Kazi,
if I pronounce that correctly,
his beautiful ape with not that beautiful background,
but it's okay. He actually shared the link for G's peanuts so if you if you if
you want to buy it and you use his referral he will get super rich so it's
in the it's in the comments you can use it there and yeah it's gonna be very
interesting and I understand the point that we are getting more and more ApeCoin,
but the price is dropping because of that, right?
And Peapods and Simple Farmer Clutch Markets,
they are not emitting new ApeCoin.
So that will be bullish after.
Also, it will be probably even more bullish after the staking ends
because you will get more
and more users after that so yeah can't wait. People, are there any use cases or
any behavior of the users that really surprised you on your platform like
something that you didn't expect and that happened?
I can't say necessarily we didn't expect
just cause we always keep this open mind.
We know we have a permissionless system
and we want people to like stress test the pods
and come up with all sorts of weird things.
But we welcome, you know, the weird experiments.
Like we've had projects, for example,
that had like these staking tokens
or they would do like buybacks or things
and they would actually use the pod to then capture the volatility of these staking tokens or they would do like buybacks or things and they would actually use the pod
to then capture the volatility of their staking
or the volatility of buybacks.
Cause yeah, you know, if you're buying back on your chart,
that's like, that's induced volatility.
You're directly adding buy pressure
and then the pod will then arbitrage against that
and earn you yield for doing a buyback.
So something we've seen is projects will then try and
use the pod for discounted buybacks, which is like unheard of in crypto. And is there any like a lock
period or how that works? Like let's say I have 5,000 ApeCoin, I want to use it. So do I have to
lock it for like a month or something like that? Or I can withdraw it anytime I want? Yeah, no locks. There is something called a cooldown period if you wish to unwrap without paying a fee.
Because there are fees to wrap in to the strategy because you're earning yield for free if you're just holding P-8.
And then there's a fee to unwrap because that's also how we charge the bots.
But yeah, if you decide to exit, you can do so at any day. Um, no penalty leaving the LP,
but if you decide to exit P8, then there is an unwrap fee,
or you can just decide to do what's called a cool down.
And I think it's like seven days. And, um, after that,
you can just leave the P8 pod without paying a fee.
Awesome. Yeah, man, I'm just checking the st staking that i'm doing and i think i'm i need
1800 more ape coin and then i'm done uh with um that i'm fully staked on all my apes and mutants
and then everything that i did that i get like unclaimed rewards i need to use somewhere right
so i'll try i'll try peapods and i'll start putting
it there and also i'll put some extra into the clutch markets and let's see how it works you know
perfect yeah and there's also one uh one last thing i wanted to mention is we allow over leverage so
if you want to go full degen mode because we allow that too um you can actually borrow 2.33x against APE, which means you put up
that 10k and you borrow 13k of USDC. Part of that USDC will create the liquidity pool and that acts
as a collateral, but you get USDC sent to your wallet as a loan and you can use that loan to
buy more APE coin and then actually loop. So that's what's really cool about this pod is like
you have all these different risk profiles.
You have the lowest risk, which is PApe.
You have the medium risk, which is normal liquidity providing.
Then you have the leverage liquidity.
And then you have the over-leverage liquidity if you want to go full degen.
And even at full degen mode,
you still have minus 36% range until liquidation.
So this is a really cool option for people
and they want to lever up on Ape because they think we're at a bottom. Then you can put a
little bit of your ApeCoin in and borrow out at 2.33X. You get some USDC to buy more ApeCoin,
or maybe you go lend that USDC out and earn interest as well. But it's entirely up to you.
And most times that liquidity
you create for taking the loan will earn you more money than whatever it costs to have the loan.
So we have these loans that are yield bearing versus like others, DeFi protocols, where you
always are paying a negative interest rate towards taking that loan. That's very interesting, man.
And you as a protocol, right? Like you are are offering a service, but, you know, I don't have that much experience with DeFi. And I want to be cautious, you know, because I can take all the ApeCoin, I'd be like, hey, I click here, and I send it there. And I'm not aware of all the risks. So how should people assess all the risks that, you know, that can happen happen so they are not liquidated with everything
they have how they should actually split their portfolio what would you recommend them and
just quickly grateful like as head of defy my job will be i'll be putting out content and video for
you to give you a couple different strategies you can go with and i'll explain the risk behind each but yeah there's definitely super super low risk strategies here
where you'll just get that base yield which will still outperform while you're getting on ape chain
bro i i know how we do that do that man i sent you a hundred thousand ape coin and you sent me Send me back 200,000, right? And we good. We good.
But yeah, I'm glad that we got to create this pod with Ape Foundation because we actually were able to use Chainlink Oracles,
which make it super, super safe in terms of like the actual Oracle
that's protecting the pod.
So the biggest risk after the oracle is liquidation
risk. And that's different for each person. The pod doesn't have like one liquidation point
where everybody gets liquidated. Everyone has their own different LP position.
So some people have no liquidation risk. Some people have tight liquidation or loose liquidation.
And that's entirely up to you. You can split up your, if you had like a hundred thousand eight coins,
you could put 10,000 towards the max leverage,
but 20,000 towards holding PA.
And then 70,000 towards a low risk LP providing with leverage,
which is that two X or 1.66 X.
So for example, for Apeco,
we didn't leverage at all.
And so you don't have to. And if you don't leverage
You can't get liquidated even if Ape goes to
have the ETH to turn into
stables, you can come in and just
stables and get in there and just pair your ape coin with with fables and get in there and and start eating awesome awesome yeah I think with I think
I have like two it's gonna be like two weeks and then then I'll have extra
coins so I can I can start playing with it and it will be interesting because
the staking goes I think till April, which is still a lot of weeks ahead
and I will have then quite a lot of ApeCoin to play around so I can test
everything and you know see how that works. It's gonna be fun.
Bro, you know you can still send some to me, right? That's easy.
Bro, yeah, if I can take your mutant as collateral, I'm doing it.
All right, next question.
And yeah, I'm happy to hear any feedback.
Grateful of what you think, if you have any questions as well.
And, you know, for everyone else in this space,
if you want to get started, if you want some help as well, you know, you're not alone in this.
We have a telegram full of pea brains that are online at literally any hour and you can ask any question
about the protocol even high level questions and they'll always do their best to give you the best
answer or point you towards someone who does know um so there is a community of people here willing
to um help you guys figure out this strategy and can get access to it. I probably
missed it in the beginning, but so when are you live or are you already live? Is this already
functioning? We are live. All right, perfect. Yeah. So I'm going to actually quickly talk about the,
just mentioned what yield is going on right now. So if you're providing a normal liquidity without
leverage, you're earning 14.3% between the PAP yield and the LP yield. If you're providing uh normal liquidity without leverage you're earning 14.3 percent between the
the pape yield and the lp yield if you're just holding pape no liquidity at all you're earning
6.9 which is pretty funny 69 and then if you lever up you're gonna have no impermanent loss
you're also not gonna have to buy any usdc so you just keep full exposure to your apecoin
um you can earn 10.7 percent and and that's just for putting up your apecoin and then creating a
liquidity pool by borrowing the other the other side and and this will scale actually one thing
to mention as well this will scale so as the liquidity gets deeper it actually makes it
better for the bots to um to get larger trades through without having to deal with slippage.
So it's very unique. It's not like other protocols where more liquidity brings down the yield.
This is opposite where more liquidity actually boosts the yield.
So, so to explain to you Grateful in terms of bananas, uh, I will take your one banana,
I will go to Switzerland and I will sell it and
then I will come back to your country and buy two bananas and give you back two bananas.
Yeah, I understand that man, I understand it. No, that makes so much sense bro. So love it,
love it. Guys also Machiavelli hype, get in here on stage uh request or i invited you
i can invite you again uh get in here other games other games if you're not gonna get here every
minute right now it's 1000 apecoin so i can start playing with it so uh please request and yeah uh people like uh what's your picture like a bigger picture for
the future you know let's say what you want to build till the end of this year on ape chain
any plans anything that we should know uh we're still working out the details towards expanding
possibly towards uh ape chain we have to obviously you know talk with the core team and look at the
But I think this will be very well received,
especially since we have backing from the ApeCoin Foundation.
And, you know, the team is obviously willing to help bring us to the chain
and get us in front of all the protocols that could create pods.
But in terms of like our own personal roadmap,
we have VLPs coming, which is our governance model.
And ultimately, our main goal, our mission is to become the liquidity layer of crypto.
For any project that wants to launch, any current project, any user that wants leverage, we want to be that liquidity one-stop shop.
Epic, man. Can't wait to try it, actually is there any like minimum amount that you think
makes sense like is hundred hundred eight coin or like thousand eight coin like well technically
there is no minimum but yeah I think a thousand eight coin would be good to provide liquidity
that's like six hundred dollars and then you borrow six hundred and you create a twelve hundred
But yeah, and anything you guys are comfortable with you can start there are no minimums
Okay, yeah, I learned the most you know when I try things so I think there's gonna be there's gonna be the best way
Is there anything that we forgot to ask you or that you would like to share with the audience because I I believe this is not
or that you would like to share with the audience?
Because I believe this is not our first and last space together.
You know, as everything progress, we definitely do another one.
So for now, is there anything you would love to share?
No, I think we really covered everything according to the ApePod.
And yeah, we can just, you know, get more deeper into strategies
and nuances in the future.
But no, thank you very much
for having us on grateful this was an amazing space and i i really love the ape chain community
personally yeah and i did want to say i did want to say grateful the person behind people's finance
he's a clutch puppy community member um he's already on a chain he participated in spotlight
they're not here to pull up to extract they're not doing an nft launch they're here to provide us utility so shout out to people thank you guys so much for everything
uh and yeah thank you grateful again for having me up as well man i always enjoy this has been
like the calmest space i think you've ever run calmest right yeah i try my best because when
we are talking about like defy i want to be more serious because, you know, it's a serious topic, right?
But now look at those MFR0s like G-Spot hype and Machiavelli, man.
It's going to get wild soon.
It's going to get wild soon.
You can be serious, people, too.
What are you talking about?
Yeah, you guys are really serious.
But P-Pot's what's going on for your game.
So serious. Oh know that. I know that. But Peapods, what's your game? So serious.
It's gonna be madness right now, Simple Farmer.
to you, Peapods. Thank you so much for joining us.
platform. If I have any questions,
I'll DM you so you can guide me.
Simple Farmer, I can't wait for content on DeFi because I think that can be...
That's something that I haven't done much.
And it's definitely something that I want to try.
Of course, I'm not going to do like all in.
I'll try. I'll start slowly and let's see how it goes.
So yeah, big shout out to you and Apechain.
Apechain on top of you, MFers.
Yes, sir. And up top, grateful.
My first post that I pinned is a video showing you how to create LP on Arbitrum. So I'll give you a little
challenge. First challenge is to retweet the post. Second challenge is to follow the video and just
copy exactly what I did there. Create an Apecoin ETH pair on Camelot. You're going to receive
Ape and ETH anytime somebody sells or buys ape coin then also create
a position on people's finance farm volatility and improve the volume so it's kind of like
um you mow somebody's lawn and while you're mowing the grass you're planting seeds so
more grass grows so they have to call you again so you can keep mowing you're simply killing it with the metaphors and now i know why you're a farmer man i
appreciate this i want to share one more thing because i'm really happy that i finally understand
what lp means because uh you know i heard lp uh only only when when I was buying my first Lamborghini Murcielago LP
640 right so this is another LP so I love to love to learn more about it but yeah man big shout to
you and a big shout out to people yeah Apechain on top guys I really hope you have a lot of balls. Balls are the tickets to BAYC.
And guys, we had a bubble yesterday. Big shout to MacAvely who joined me and showed me around how to host it.
It was so much fun. We also had so many great ideas there.
And guys here on stage, I can't say it man the fucking legends here uh honeybee
macaveli hype and gspot the other games team they are pushing other side forward they are creating
amazing experiences for us and i can't wait to talk more about uh what's gonna happen this weekend
so guys welcome here how you doing today what's good we heard that
you wanted a calm show so we came to the bomb let's fucking go baby no fucking calm shows here
oh my god yeah sorry sorry i turned it off grateful and uh this is how i will be responding
for the rest of the show okay with me grateful i'm gonna be speaking very intellectual today
in this conversation about metaverses
and how we can connect the people to it.
It is a really wonderful show that you're hosting here, Grateful.
I'm so glad that you have us up, and I appreciate you taking the time to get to know more about
the other games and what we have to offer the space.
We just want to play games with our friends and grow our community.
Okay, Honeybee, go ahead.
How do we do? Yeah, we're making it
yeah no I came to make this shit degenerate
what the fuck is going on
I can't fucking do this no more
let's just get back to normal conversations
yeah this is way too out of fucking line
holy shit what just happened here guys Way too out of fucking line. I'm tired of helping you, boys.
What just happened here, guys?
Like, what the hell was that?
I don't know what to say here.
I have to find probably some song to fucking do something here. Because, guys, you are so low.
You're screaming all over the other side.
And now you come here being quiet like little.
It's just that my fingers hurt from the 60,000 taps to mint all my balls and spin and burn and everything.
So, like, I just it took a toll on my on my voice, on my energy, on my overall well-being.
But I'm still in the game.
I can't wait to mint my next thousand balls
my fingers hurt you have to tell your girlfriends and wives to actually click your
fucking balls man like why are you clicking yourself I don't want them clicking these balls
guys we quickly refresh the space uh I want everyone here retweet the space drop a comment
do scream open the windows do do this and let's go we need to hype this you know a little bit
yeah baby there we go there we go
If you don't have a wheel, it's going damn low, cause I'm around
Okay, chill, chill, chill right now
So, guys, MFers, what's happening this weekend?
Why do we need OtherPage?
How much money we gonna win?
Those are the fucking questions right now
Oh shit, I know those MFers They be quiet, man win, who's gonna participate? Those are the fucking questions right now. And go ahead.
They be quiet, man. I knew that.
They shut up and they be quiet. Okay, okay, okay.
May I have your fucking attention right now?
Okay, so you better stand up.
So, if you go to www.useglyph.io
Then go to launch.otherside.xyz
You kind of sped up on the ER, bro.
No, we appreciate you let us
Yeah, we ended up behind the dot, right?
You don't even have to do that.
Call him before the storm.
Call him before the storm.
But yo, let me tell him about
You should be putting your Glyph
Listen, I don't know how to hype you guys.
Yo, we have hype here on stage.
I'm going to roll it up, bro.
Tell him why you need glyph.
All right. It's really simple. You go to, bro. Tell them why you need Glyph. All right.
You know where you collect your badges?
You're going to go there.
You're going to go to your wallets and your connections.
And you're going to link your Glyph wallet.
The same motherfucking one you use to log into other side.
Because that's how we can prove that you were in the bubble with us to avoid bots we can extract the list from there and whitelist you
to claim your badges it makes life easy and prove that you're a real fucking person okay so you want
to tell me that they will provide you data if like if i was in the other side so i just join
with my glyph and you will know that i
was there if you're in that we'll know that you were there in that first bubble we'll know that
you were there in the last bubble i know you're real um already we'll know that you were in the
world too but but we want the we're get we're going to be utilizing bubble data because there's
going to be a lot of people who are hopping in and out the world but we're going to be utilizing the
bubble from the data i mean the data from the bubbles because that pretty much associates you at the beginning and the end and then you'll be able to
claim that badge based off of that wallet ID so it's important that you connect your glyph right
now and and come into the other side now I understand it it makes so much sense it's
gonna be so much easier loved it. What's happening and when?
I need to pick up that doc so everybody can read through it as well
so they can get the instructions for those who get lost.
Yeah, we'll let the boys talk about time.
If Papito's in here, Papito, you go ahead and reach out to one of us
and we'll help you connect that glyph wallet.
You know what I'm saying?
We know that you might need some extra assistance.
So if he's listening, you know the recording, reach out.
Oh, I already need help, guys, so I'll DM you.
Pinned up top is how to connect your glyph wallet,
and then right next to it, another one,
is the time for the games, 3 p. eastern fuck yeah fuck yeah we have a lot of fuck yeah a lot because it's 9 p.m for me which is the best time to join mfers it's gonna be quiet
you know everyone will be sleeping and i'll be fucking grinding in the other side so
timing thank you thank you yo what time is it gonna be for you grateful when they at 3 p.m est
9 p.m oh that's perfect brother that's a perfect so good in europe to be participating
no excuses if you live in europe mfFers. So what can we expect?
Can you share a little bit of thought?
Because I almost, I won most of the games already.
Let's introduce a team dynamic here, Grateful.
You'll never know until you show up and we give those instructions.
We've been doing some tests.
We've been running around world trying to find some new experiences and courses to help elevate this situation. You know
what I'm saying? Guys, this Friday, we're rolling up on four persistent weeks of The Other Side and
Bubbles. Shout out to everybody who has been participating, coming through, you know, the
therapy sessions, the jam outs,
the My Dead Friends coming in and playing all kinds of jams for us
You know what I'm saying?
We got more Gs showing up than we do apes right now.
I mean, I guess they're an ape anyway.
But, like, yeah, I need to see some more community participation out there.
We got, you know, all these projects out here that
are on Ape Chain, but I like put a little fox in your name or something. If you're a G's,
put a little G's. I want to see which community you guys are representing, and we want to kind
of get that rolling, that ball rolling. You can probably expect some badges for the different
communities to come out very soon as well, but we're looking at the team dynamic. We're looking
at pitting groups against
each other, so on and so forth. So a lot of exciting things are going to be coming very soon.
Now that we have access to actually read the data and understand who's in world with us,
who's in those bubbles and stuff like that, it really does help us eliminate any kind of cheaters
or anything like that. Because that's one thing that we found, like people will be there at the
very beginnings and disappear the whole time, pop in at the very end and be like, yo, I'm here to get my code.
But when you go check the video, they weren't anywhere else in the other games.
You know what I'm saying?
And it's like, how do I let you be the winner or how do we play this fair
if you're not actually going to participate the right way?
And that's really what we want.
You know what I'm saying?
But, you know, we got to keep this ball rolling.
are getting better. We've got the data.
Let's make it happen, Captain.
A lot of ape given out this week.
A lot of ape given out this week.
You know what I'm saying? Remember, you've got to participate
and win. How much is a lot?
You've got to participate and win.
No, no, no, no, no, no, no, no.
A lot. A lot is enough to say a lot.
We have a lot. But, grateful, enough to say a lot we have we have a lot but uh grateful yeah
like i was saying like you guys aren't there we know we have a full command center like espn
we have a group that's in in standby mode in the background watching all video recap
um basically honey bng spots um guys guys can you can you spell espn for me in a way how we spelled the code yesterday?
And there were so many very creative people.
Did you close the badge, Grifo?
Or did you just tell everybody in the room?
No, I closed it. Don't worry.
But people were like, yeah, I don't even know what I said.
I'll tell you how to spell ESPN.
I'm not even going to say what first word that came to my mind.
Yeah, you said it man, someone said it already.
Yeah, you already shared that code yesterday.
Guys, we jumped right in, but I see quite a few people in the audience who are not Aves, who might not be any familiar with the other side so uh what are other games what
are we talking about and what's what's happening uh we're talking about a social experiment
in the 3d metaverse the the world the virtual reality that we've all been dreaming about we're
talking about ready player one um it's and what you know, listen, other metaverses exist,
you know what I'm saying?
But they're all centralized.
You know, you'll catch Starbucks and some other thing
and people running around the Starbucks cup,
but like, they don't own any of those avatars.
They're not a part of that world.
There's no value there for them.
You know, while in this metaverse, in the other side,
you know, this is on crypto rails.
This is its own economy and it's evolving every single day and it's going to continue evolving for the rest of its life.
You know what I'm saying?
And soon enough, you'll see, you know, other activations take place and a real economy kind of form over the next year.
And I'm super excited about that because that's what makes this thing so different than everybody else's.
Is the ownership and, you know, building community and stuff like that.
Like, you can go anywhere and build community, but when you don't own anything on that platform or you can't own a world or you don't have it, like, where do you really sit and stand?
You know what I'm saying?
It's like you're a puppet in somebody else's instrumentation.
While this, you know, you have a real fighting chance to build activations.
And, you know what what can you
really create and come up with like given the base tools or or what you have access to like
you know like we've managed to come up with these these simple uh metrics and tools and games and
stuff like that but you know um this thing is forever evolving so i'm really excited as it
continues to grow and like there's still a lot of outreach to do. Like I said, this has not even been active
You know what I'm saying?
And I think that we're off to a great start, you know?
And this is still in beta, guys.
You know, like 100% in beta.
There's still, we're still crashing bubbles
and figuring out bugs and stuff like that.
So it's nice to be involved and be a first mover
and like trying to build that first 1, 1000 creators and gather them on this platform.
Because essentially, if you look at any platform that's ever come out, any social platform, anything like this, it's those first 100, it's 1000 foundation that really elevate the platform that the user experience comes from.
And like, you know, it grows from that point on. And I think that we're on the right track right now.
Yeah, I was going to say just to get started, it's really easy.
Literally launch that other side, that X, Y, Z.
Also, my profile pinned is a video tutorial on just how to get set up, how to do a bunch
So if you want to watch that, watch that.
That's going to help you get started.
You don't need to do anything.
Go to that website and literally log in.
You can put in your socials.
You can connect your wallet if you want to.
You can connect whatever you want.
So log in with your social and you're good to go you just get into the game and you can
participate i think this is the alpha go ahead hype no i was gonna say g-spot what's your thoughts i
mean you were obviously one of the first in there and you know you were figuring out some stuff and
we all we all you know came on board and really came together as a team but what's your what's
your thoughts for the user experience being that you know, you love to be over there? Well, my thing is, is from the beginning,
and as far as I can see forward right now is keeping it to a standpoint of, you know, it's
as far as the other games are concerned. First of all, the other side, I love it. I think it's
beautiful. I mean, even falling out of a bubble and just, you know, know falling to the ground it's like almost butterflies in your stomach and just watching the
graphics and and everything that's going on there so i think it's a beautiful setup all the
individuals just in there i love interacting with people and getting to know people with the
actually seeing their avatars in the bubble and and their reactions and the goofy that just
goes on but as it relates to like other games is having that experience to where
you can feel or i can feel comfortable and and anybody else can feel comfortable bringing
somebody in because it doesn't require anything monetary from them to participate in these games
now there are rewards for winning the individual games if it's a foot race or if it's red light
green light or if it's a diving competition who gets to the platform first or who who interacts with macaveli first
you know still having that okay i can become a more skillful player and win more in these games
but also having that even if i don't know how to use a mouse and keyboard in a video game
i can still have a chance to benefit and win something through a raffle
by just participating in these games. So as it, like I look at it, like it's a no harm, no foul
to anything. And, uh, you know, part of the chaos is watching us get to try to organize and corral
all these people to one place, you know, and it gets kind of wild. So we try to take that really into account when we're,
you know, getting the events together for Saturday's event and saying, okay, well,
you know, if it's a three-step process, you have to guide everybody through each step the whole time. And that's over 200 individuals participating at one time. So it gets kind of
chaotic. So we try to keep it simple and have a good time. But also, like, we're excited that other side is at its infancy and we get to see how much gets added to that over time that we can kind of make these more easy to track.
Who's touched these 10 places and who touched the most place? I mean, there's all kinds of the possibilities are literally endless.
So I'm excited to be able to kind of tap into that and see what we can provide.
But, you know, for now, it's just show up and watch it grow with us and get to meet people and
shake hands after the game, you know, do emotes together and twerk on Figgy on the rock playing
music or something. So, yeah, man, that's what I got. That's still, you know, where we are as far
as what we can provide right now. But the main thing was the bots and, like the guy said,
keeping up with actually who participates in the whole game,
having stuff that can't be maliciously manipulated
to bot the badges on another page and say,
now you're in the raffle for 10,000 bots.
likely that you'll win that so you know all that takes a lot of you know touch points with other
developers and working together and we appreciate everybody that's worked with us i think the
community response has just been insane and and i love uh yeah i love the other side i love the
other games and ape chain always on top man
hype go ahead yeah i'm just gonna say one more thing and i gotta tap off for a few minutes i got a meeting in nine minutes ultimately like what honeybee and mcchiavelli and g-spot have said i
mean really you know if you're new get in there i mean it's only thursday for us on the north american time zone um get in there
just set up your wallets try it out explore see what's out there there's people that are over
there that will connect with you um show you around just get yourself immersed if you're
going to play in this weekend's games so that way you can get at least familiarized i know it's a
it's a scary experience going in for the first time and even not meeting people that you know
for the first time so getting over there just that you know for the first time so getting
over there just you know you don't have to talk to anybody just go over there explore and then if
you want to just hit that c command button and start speaking to people i mean people over there
are very friendly they're very supportive the goal here is to onboard people you know not only
from web3 and ape chain but for people that are not on web3 and ape chain right um and so like
mcgville said it's a it's a it's a different experience
over there it's it's a more immersive experience and more visual um you can be yourself over there
literally and just have fun and you know like G-Spot said like this is about you know us being
able to explore what's available to us today inside the box you know we have hopefully many
more tools coming for not only us but for you guys as user experience. And our goal here as the four of us
is just to be able to provide some fun
with what the tools are available to us
and for you guys to enjoy it and help Apechain grow.
I absolutely love what you're doing, guys.
And I think it's very important to try things,
we talked about it yesterday in a bubble, right?
Like how bubbles are different compared to spaces, right?
Like I'm looking at a screen right now,
I see our 2D avatars here,
you have also the view all over the other side.
You can move there, you can, it feels different.
It's really different experience.
And while playing, it's also amazing to see our friends there, which I can recognize just by the avatars, right?
So big shout out to you for putting this together for us.
I think it's necessary to try new things and figure out what works and what doesn't work.
I also think it's a great stress test for the other side when we created those like 200 bubbles, right?
Like I think we crashed it or we might crash it.
So there is even like a bigger motivation.
I won probably most of them with most of my 3D avatars that I have on the other side.
And it's because of my speech that I gave to the team.
So I quickly played here and then we got to get into the prizes and what can people win
and what people won in the previous one.
So this is my speech last time and my team was the best one.
We won all the games, all the money.
We can't have anyone freak out out there, okay?
We've got to keep our composure!
There's too much to lose!
Yeah, that was the alpha, we got too far!
And that's alpha for other games, guys.
So you can't give up. You need to keep your composure.
But guys, what were the prizes that people won in the previous ones?
No, in the previous ones, some of the biggest prizes we've given out
were G's, Clutch Puppies, Shit Ton of Ape.
And I think we've given out over, just the last one alone, we gave out 107 NFTs, something like that.
And the ones previous, you know, about the same, like over 69 every time for the memes, you know, that we give out.
And it's just for particular, like just being there, just being part of the game simply collecting the badge a ton of dong socks i see him down
there shout out to dong socks and it's everyone wins just for being here one you have fun two
you can make money bro like just for having fun you're having a great time and then you have a chance to win something just for being there just for partaking like just partaking and it's a win for everyone
recommend it you share with your friends share with your family because it's again
easy to get into easy to do and it's just fun bro it's even it's not in VR. Like whenever I join other side,
I really feel I'm in different world as someone else.
And it's really special experience that you can fly,
you can talk to other people, you can twerk,
you can give them ApeCoin for that, et cetera.
And we are really early still, right?
Any learnings from your side, from those games?
Something that surprised you?
Something that you learned about?
Something that you want to build for the future?
Some feedback that you gave to the team?
Many questions, but you can pick whichever you like and go ahead, guys.
I think for me, the best thing What I've learned is
Apes cannot listen or read
But if you tell them to make a line
They can make a pretty good damn line
Anyone else here, guys, on stage?
I know Hype has to leave in like 3 minutes
Yeah, I think I'll go ahead ahead i think hype's up in a meeting but um i like honeybee said it's just the limitations that you can actually do with
with vocal interaction with people it's pretty pretty substantial and it's fun like in the middle
of it but uh it's chaotic man so just learn what we can do, what our limitations are.
But I think, you know, my favorite thing is somebody just,
I've always wanted somebody to toss me a Ferrari and let me test drive it
and drive the fucking wheels off of it.
And they literally threw like, you know, a platform that's worth several Ferraris out there
and have said, hey, y'all do what y'all can to break this shit so we can see what's going on in the back end.
You know, and like you said, testing the limitations of the other side.
We want to max out that 500 participation bubble.
Right now, I think we're going to err towards more ApeCoin than NFTs on this one and see
what the reaction is to that.
So both on the content side of pushing out and marketing and time zones of what time we're holding the games,
I mean, down to every single facet
and paying attention to that as a team
has been a blessing with these guys.
But yeah, you can expect to have a lot of the prizes
It's, you know, this event, this go-around.
We're going to see how that goes.
Really dope, man. I can't wait. It's actually perfect time for me. So I can't wait to play
I also have I also have a live footage of hype actually last time
There was some mistake in the game and I recorded the screen so I quickly played and
I brought donksogs here. So we also played and I brought Dong Sox here.
So we also say hi to them, but you know,
Hype was kind of fucked, you know, last game,
there was some mistake and this is Hype here.
Everybody panic, he was running around.
Yeah, he tried to wrestle a bear in the other side.
I'm not sure if it worked that well
But guys, you know, I'm a huge Will Ferrell
Fan, so I really hope he's going to Vegas for a fest. I really hope for that
If not a team team, can you do something about it? Please please donksox. Welcome here. How are you doing guys?
I'm doing good just a couple uh a couple shout outs grateful uh for winning nine events out of
the eight that have been hosted congratulations on that just great success all around the talents
shine through uh and i just want to give uh like an extra shout to honey g spot mac hype everybody
that's involved they work they're in there a lot i'm in the other side a
lot i like helping people i love like the conversations that just happen when you're
wandering around bumping into people but they're in there a lot practicing like setting stuff up
there's a lot of hours that go into staging different stuff and i just want to like
you know commend them thank them keep it going it's sure some of the things are bumpy and we're breaking in as we go,
but like you guys are really setting like a really amazing standard and bar
for like how this can go in the future.
If you run projects, give them shit for prizes because they do a fucking
So that's, that's, that's all I'm here for.
It'd be nice if you said a couple events out just so maybe somebody else could win one time.
Yeah, it's so tough, man.
Even when I sign out, I still win.
Also, they announced prize pool of 10,000 ApeCoin
and somehow I won 15,000.
So I don't know what's going on in the other side.
It's crazy. but I love winning.
And really big shout out to the team, guys.
Give everyone here on stage follow.
Give MacAvelli, G-Spot, Hype, Honeybee.
Give them a follow because they are doing
an incredible, incredible job.
And maybe Tino, I'll ask you
because you haven't spent that much time
So do you have any questions about the events and anything
that you would like to ask guys, you know,
and you can ask me how to win.
Of course, you always have the alpha.
No, so from my side, I always try to watch back the videos
because the last games were very, very late at night for me.
Now I have a celebration on Saturday that I'm going to join.
So, I won't be there again.
But, you know, it's just excuses.
Bro, my main excuse is that I don't have a mut ape that I can represent there, except for Mertis.
And I just, I don't know.
I don't feel myself there.
So let's go ahead and blame the game devs.
Of course you do of course you do uh guys i think one more uh one one thing that's
very important for all the other people in the audience uh that you don't have to own any asset
to enter the other side so you basically can go in just uh use your uh you it's very simple as the
guy said uh through social through anything you just uh jump in and you don't have to be the owner or a mutant or a BAYC holder.
But if you have a G or some other, you can definitely wrap that.
And I think that's very important that people still don't understand and still think it's just an ape thing.
So I just try to say it out loud because we might
Have we forgotten anything?
And what can people expect?
What you can actually say?
How can they prepare? Should they, you know,
like exercise their fingers
What should they prepare for Saturday
What should they prepare for Saturday
Make sure you know how to climb trees.
Make sure you know how to glide.
And be prepared to sacrifice some of them
I think that ApeChain has given us a pretty good warm-up
on the clicking side over this past week.
I think that they've got everybody's hands warmed up
from minting all these balls.
So I think that they're good on the actual physical side of it.
Learn how to grind some rails.
Learn how to climb some trees.
Jump, double jump. Learn how to grind some rails learn how to climb some trees jump double
jump learn how to glide on a you know on a whim you need to know when you drop out of a bubble
how to start a glide um and you need you need fucking friends because and learn location bro
learn just look at the map just take a bubble you log in take a giant bubble if it's the first time
you're ever there take a big ass bubble just open T, create bubble, float all the way up, go as high as you can so you can look
at the whole map, and you'll see landmarks. You'll be like, oh, there's a big-ass tree over there.
Oh, there's a birthday cake. Oh, there's a crown over there. Oh, there's a cave.
Take that in. Kind of take that map in, and then go explore it yourself, and know locations.
Know where things are so you're not lost, especially in the races or any event that requires a scavenger hunt or anything like that. You got to know where things are so you're not lost especially in the races or any event that
Regards a scavenger hunt or anything like that like you gotta know where you're going and
I'm sorry. It's a it's a competition if someone has information over you and they know more than you and they beat you
Don't be mad. Don't be salty. Okay
Can't believe honey be shared alpha because I I created a map
so I know all the details about about this deed and I can't believe Honeybee shared the alpha because I created a map.
So I know all the details about this deed.
And I know where the PP Man cave is.
I know where the Mutant Skull cave is.
So when I move, I move with intention.
I know every tree on the other side.
So if you haven't spent hours in the other side,
you already have disadvantage.
So yeah, that's the alpha from my side.
I'm going to bring Web2Gatsby here because of the new ApeChain game.
His ex really likes me more than before and I'll end it up there and
Gizby welcome here man. How you doing?
Bro, you're all my god. My dog just jumped on
No, um, because I'm pretty high up so it's wild that just
I'm never done it done this but good man, bro
I'm excited my heart is racing because I'm doing like i've been doing loan shit with with my g's with the d bank so i could i snatched the grail basically
or doing trade with peanuts and doing a loan and stuff and i'm not sure if i'm gonna pay it back
or not but it's an opportunity man to trade and do arbitrage and such but on to the point of the
other side of what you were
talking about i also wanted to add it is that we're feeling so familiar already with the area
right because they've had this spot for a while remember when the train went through another side
because figgy took us on a on a tour showing what what it was like when we looked for the the goat
and all that right so just think about when the whole other side expands and everything
is open it's going to be wild bro you know we're going to start getting familiar to it as a second
world and you're going to know where shit is but probably stuff like a map and and all this is is
wise i don't know if they're they're going to include that or not but that would be dope and
you know to like kind of live better with others and be able to travel to wherever Grateful is.
If it's a bubble, you can do that anyway, right?
But it would be good to see it on the map as well.
And yeah, man, just came back from a week off in Asia.
So I'm kind of catching up with everything and stuff.
Will you join us on Saturday?
Actually, it's yeah, I think so.
Then yeah, I'll try to for sure.
Yeah, I already texted your wife that you are not available at that time
Yeah, you know, she actually does have X she's more of a she just she just looks she doesn't interact much other with
Dan and then realize and shit, but but yeah, man. No, she's not coming to to late faster. Oh should be she'd be beating your ass, bro
I know she's not coming, man.
That's why I'm flying to Spain.
You can keep the axe if you want.
Guys, from the other games, is there anything else that you would love to share?
I want to give you props again because you're doing an amazing job.
I'm having so much fun, you know, and you're always helpful.
You are putting so much effort into this.
I really hope so many people join.
You know, guys, definitely join.
Even if you don't have Mutant or any NFT, like join, please.
Because it's going to be a lot of fun.
So anything else that you want you want to share
no i was just gonna give a big shout out to you for having us up and also just invite your friends
your family right like again it's really easy to go and get in there and play the game and you might
get lost the first time but if you can bring them in early like a day or two just to show them
around or just you know put them in the fire fuck it you know and follow the crowd and they're gonna
hear the shenanigans and the culture of what is ape change you know i think that's the the beauty
of being able to be in there is that we can showcase who we are as people we share these
moments and build an experience that really gives everyone the the memories that they want to come
back you know they want to keep playing and they're yo, those apes are fun to hang out with, you know?
So please, please, please, I call you and urge you to invite your friends, your family.
There's nothing to lose there, right?
The only thing you're doing is having fun playing some games.
And you get a chance to win money.
And for you, if you're inviting them, maybe they don't know how to manage their wallets
And imagine they win the game.
Now you can go help them.
And you can sell that asset.
They don't even know they got it.
I'll take care of it for you.
You can sell it for them.
I love the voice changer also, man.
big shout to Hype, G-Spot
Machiavelli you know Machiavelli
you didn't sing today like
I think we need to hear something before we
end up this pace and guys in 20 minutes
the winds and I glided on past.
When I ran across the water and I stopped and glowed your ass.
You'll never know how much fun you could have, it's always a blast.
Come play the other games on the other side
Love it, love it Machiavelli
thank you so much for singing here
anything else from your side bro?
how can I get some of the Machiavelli's time to show me around the other side I'm, I'm, I'm high. I know. Uh, I'm, I'm just thinking now, uh, how can I get, uh, some of the Machiavelli's time
to show me around the other side, man.
You got to go to the game first.
Yeah, we can, we can hop in the other side later today, man.
Um, so if you want, we can meet there and go around and I'll show you, show you all
the way points and everything.
You know, I show you how to play, how to win
But guys, what a great show.
Absolutely love to talk about
and how to make more ApeCoin.
Of course, there's always some risk
so always non-financial advice
here even though we live in europe and um you know crypto doesn't exist here yet but it's
gonna get here in like decades so um yeah we just we just have a it's gonna get here and get super
regulated we we we just got the the bottle caps so that's where we started but it's okay it's okay anyway
can't wait to try actually P-Pots
and can't wait guys can't wait to join
you will see the beautiful pink ape running
all over the place follow me
there you know and remember always
always be behind me never
That's the alpha for you. If you are new to the games, never, never be in front of me.
Yeah, big shout out to the team, guys. I love you. I'll try to connect my glyph. I had some
bugs there, so maybe I'll DM you and you can help me figure it out. And yeah, what a great show today.
DMU and you can help me figure
it out and yeah what a great show
there are chimpers in other space
you know chimpers are another amazing
community I can't wait to see actually 3D
chimpers in the other side
that will be dope but big shout out to
it's your turn to actually end this
amazing voice so go ahead man
see you soon everybody this you soon, everybody.
This was Grateful Show 394.
And guys, as you know, we usually clap our hands here,
but I have a special song today,
especially because of Machiavelli.
Machiavelli is the best singer in Web3
and probably the second best singer in the world
in the history of music is this guy.
It's incredible, incredible song.
I really hope if you know this guy,
you need to connect me with him
because we gotta be crazy duo.
See you next week and see you on on Saturday in
other side other games fucking to the moon You are all the great for me, Mera
If you are not close to me
Boats and hoes! So beautiful I can't turn it off guys I'm sorry
What a beautiful song, Machiavelli
I can imagine us singing this
Las Vegas, I don't know man
It's gotta be crazy, we need to learn the lyrics bro
We need to submit a proposal
I got a venue we could use
We need to submit a proposal for a Grateful McAvely karaoke event.
We can do these kind of songs, movie songs, whatever.
We need to get Will Ferrell to Ape Fest.
I heard he's going to be there.
We're going to kidnap him, bro. Oh, shit. I said it publicly here. No, I didn me, man. We gonna kidnap him, bro.
Oh, shit, I said it publicly here.
That was someone else, motherfuckers.
That was Honeybee, you know?
He used voice changer here.
But, man, we need to bring Will Ferrell because he's the best actor.
I traveled 500 miles to give you my seed.
You don't travel 500 miles to give anyone your seat.
You never share that, guys.
But damn, what a great show today.
Love all the legends here in the audience.
It's a blast to be part of the journey.
But we gotta make it special on Saturday and don't forget tomorrow meet at the clubhouse
It's another banger how to actually experience the other side with other legends. So let's fucking go
Drayden Neuss, man can't wait to see you in the Vegas, man. Rock the fuck out of those drums, Dale.
I'm sorry. Boats and hosts, baby! See you tomorrow! Ha ha! Let's fucking hosts, baby!
And yeah, guys, go to other space.
It's starting in 30 minutes.