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Updates from the Lab: Polaris ✴️ Enter the Token Portal
Recorded: May 1, 2025 Duration: 0:48:18Space Recording
Short Summary
In a recent discussion, key figures in the crypto space explored the evolving landscape of decentralized exchanges (DEXs) and the strategic moves of projects like Polaris and Osmosis. Highlights included Ripple's acquisition offer for Circle, Visa's stablecoin launch in Latin America, and the integration of Neutron into Polaris, signaling growth and innovation in the sector.
Full Transcription
Music Thank you. Thank you. Hello, hello. I just spent three minutes trying to connect my AirPods to my phone, but we're
good now. Thank you, David, for hosting for hosting let's see probably give it another one
or two minutes to let people join but today we've got sunny and saeed joining us we're going to talk
about polaris and we're going to talk about the initia and babylon and milky way launches
and then more polaris maybe and then talk about the landscape for DEXs and Cosmos.
Hey hey! How's it going Sonny?
Uh pretty great been an exciting month a lot of lots Lots of big chain launches and a lot of development happening on Polaris. So it's been pretty fun.
Any interesting personal updates before we dive into non-personal updates?
Personal updates.
I'm not alluding to anything, by the way. I'm just throwing something out there. There's nothing I can't think of.
I'm not leaning to anything by the way, I'm just like throwing something out there.
There's nothing I'm like handing out.
No, not really.
I might be moving out of New York next month.
So probably trekking back out west to San Francisco full time.
And what's the logic there?
Because some people will say New York is where crypto is right now.
And you are moving away from New York.
I think crypto is, a lot of crypto is in New York.
I think a lot of crypto is in San Francisco,
but I also think the rest of the tech industry
is all in San Francisco.
And I think the future of everything we're building
is going to be more and more,
like if you're not incorporating AI functionality
into your, like the way we design products, it's like these products are going to be more and more like if you're not incorporating AI functionality into
your like the way we design products it's like these products are going to be obsolete in like
a couple years so I think just being closer to where the core of that side of the tech industry
is developing is important so do you think all teams that are in New York working at crypto
should have some people in SF doing AI stuff.
Depends on what type of company you are, right?
If you're a circle working on, like, just maximizing USDC adoption, probably makes sense to be here.
If you are a product-focused company building consumer apps, probably makes sense to be in San Francisco. Like Robin Hood even is in San Francisco. I think I was debating with my friend of like, oh, you know,
at least fintech companies are all in New York. And I was like, you know, if you're building Visa,
like, you know, obviously Visa is in New York. And he's like, no, it's not. Look it up. And I
looked it up. And it's actually Visa is based in san francisco so that was like all right fine
you got me i'll move i mean given you just mentioned circle and circle i think was it today
that ripple was floating an offer for like four or five billion to them what's your thought on that
i always so i um you know circle has beenored for, like, over almost a year to be IPO-ing for, like, $5 billion, which to me felt a little bit low, actually.
But I was not quite clear why, but now it seems like they're turning down a $5 billion acquisition, which i guess makes sense i don't know maybe they're just trying
to like do the uh classic you know do your tge at a low valuation so the chart looks good
true true uh given you know circle and ripple and um i think a lot of the stuff i'm seeing i
follow watcher guru on uh telegram it's just, pumping out information on just RWA's issuance,
stablecoin stuff. And it seems like the stablecoin, even today, Visa launching crypto stablecoin
payments in Latin America. Who just partnered with Ton to offer that as well? And then also
another one today was Ondo bridging over to Solana or something.
I feel like this sector of the crypto game is just pumping right now.
Yeah, I mean, I think the two sectors of crypto that are pumping right now are Bitcoin and RWAs.
So, you know, we're focused pretty heavily on the Bitcoin side right now. But, you know, we're excited to see in Cosmos a lot of RWA growth, right?
Like Ondo is launching a chain now as well.
So, yeah, it's exciting to see.
And Osmosis is well poised to take the cake for Bitcoin, FI, and Cosmos and probably even beyond that.
That's the goal. That is the is the goal saeed how's it going
thanks for going well how are you guys doing good thanks for joining us
am i echoing
no not for me okay i'm just in a bathroom, so...
Okay, well, let's hop into the agenda today.
Let's do some Polaris updates.
So we had a little small Polaris closed,
or, well, I think the small beta little release during the babylon launch
can either of you tell us about how that went yeah i can kick things off so babylon's launch
uh was actually a great moment for us to just speed things up commit and chip. And as many of you are probably listening or aware,
it was a very, very soft launch, right?
Like ideally we've got the discipline as a team
to chip often and always.
And Babylon was just more of like a really good deadline
for us to just get the team together, rally,
pull a couple of all-nighters.
And I know that so many people have been patiently waiting
for Polaris for months.
And we're always going to aim for not necessarily perfection, but as part of just how we operate
as a team, we're building a financial product in a lot of ways, right?
So I know teams can ship often and sometimes drop the ball on quality,
but hopefully everyone here and beyond is,
is a fan of osmosis is I guess just part of how we operate is hopefully like
good UX and being mindful of the fact that we are handling finance.
How are you, this is, you know,
more just tossing questions so that people can understand like what the stop process is, but like, how are you balancing the trade off between launching sooner and waiting too long for perfection? And where is that balance? What are the things that, you know, are willing to be traded off here?
Yeah, the biggest thing is also is, let's see, I think that building in a box is generally a bad practice for anything, anyone building anything.
But we also definitely want to make sure that anything we ship is going to be robust enough and trustworthy enough.
Like trust is something that comes from product functioning well and hopefully not flopping on you.
So I think we're at a good enough state and the Babylon launch was like a perfect time for us to just ship and ship quietly.
Right. Like I think Sonny had mentioned this in a tweet previously.
We have not hit the toggle on growth yet.
We're not blasting things out there, amplifying things, but we're in the rapid learning and
iteration phase.
And that's kind of what the objective was, right?
Could we quietly release to all of you, the people who are following along and just passionate
about the team and our work and osmosis and loop you in, make you feel like you're part
of the team?
I think Sunny's been pretty active like most of the team has been
pretty active in Telegram.
If you're not in the Telegram group, definitely join even on Twitter.
And we're all very closely monitoring all feedback and hopping on calls.
Like I think a handful of people here from, of course,
the mad scientists to, to many others.
We've actually hopped on like one-on-one calls with.
So I'd actually like to invite them to speak because I think they're some of the most active feedback
givers.
Saeed, with the Babylon launch, what would you say was some of the most relevant feedback
or learnings from the Babylon launch?
Let me think.
Some of the biggest pieces of feedback we've got so far,
a lot of people are asking for mobile.
I think we're all bullish on mobile probably being the future of Polaris
in a lot of ways, right?
Like I know that Osmosis was a web app,
and mobile is also right around the corner for Osmosis as well.
But mobile is just where we expect 80% of our users
to probably spend time.
A couple of other requests have popped up.
And in case anyone who's asked for these specifically
or if anyone's wondering, we're actively
talking about how are we going to add in DCA functionality?
How do we slot in limit orders?
If you've also asked for, if you've been using
Polaris for the past few weeks, you'll already notice that we've shipped a whole new token
selection experience yesterday or today. I think I put out a tweet about that earlier,
or John posted a tweet and then I retweeted it. Nice, nice, amazing. Maybe we can find it real quick. But every piece of feedback we're getting,
like our head of design is so meticulous
about making sure that the user experience
is exactly what it needs to be.
We're listening to all your feedback
and we're shipping like a rapid...
And a note on that,
I invited him to join the Twitter space today.
He said he is so heads down and needs to get something across that he had to decline today.
So he is hard at work.
He is indeed always.
Pulling way too many late nights than we would prefer, but definitely just a pivotal part to our team.
Definitely just a pivotal part to our team.
But yeah, the Babylon launch was specifically
so we could get all of you onboarded onto Polaris
as soon as possible so you guys could help us shape this last mile
and help us navigate some of the exciting things ahead.
I know Sonny touched on AI being pretty critical.
Hopefully, several of us will follow him out to San Francisco
or back out to San Francisco or back out to
San Francisco. But there are a bunch of features that are currently in development because we're
not here to just build another swap pool. We're cooking a lot of stuff that hopefully a lot of,
if not all of our early users are going to get access to before anyone else.
So Sai, speaking about what you just said and AI, I remember the thing I forgot earlier in the space and the release was Visa has unveiled its latest
advancement, Intelligent Commerce, which allows AI agents to make purchases on behalf of users.
So is this something that Polaris could do? Allow AI agents to make trades on behalf of the users. The user has maybe its own
personality in an AI agent, and then it starts trading, and then people can maybe subscribe to
that, stuff like that. Ooh, definitely. There's so many different ways we can spend this. And
we've actually been quietly talking about it as a team for the past few months. So
if we zoom out, all of us are here to hopefully succeed when it comes to crypto in general.
Right. How we how we make it, you can debate what the best way to navigate things is.
But most of us don't need to understand all the complexities around exactly what we want to buy, how frequently we want to buy.
Something as simple as like DCAing and limit orders are just like investor jargon, right?
Why is it not just a standard part of how we operate as users or abstracted away in a way that you might not need to care?
If you have 10,000 USD sitting around and you want to invest it and hopefully maybe it's you even know what category you want to invest it and hopefully, maybe it's maybe it's you even know what category you want to invest it in. Why
would we not abstract that away and help you achieve that goal?
So I know Sonny was talking about like, okay, what if I am
super into RWAs? I have 10k lying around, just invest it in
a basket of RWAs for me and make it happen, right?
We should be here to actually help users
do all of those things in the most effortless way possible.
And that's where anything from an AI agent
to just way more intelligent trading functionality,
and ultimately a UX that we finally are all empowered
to kind of build.
Hopefully we're like, I think we're at a really exciting crossroads in which all of that can happen.
And we'll hopefully be the ones making it happen.
Awesome. I did invite the mad scientists up to speak.
And before we move on from the topic of feedback and the Babylon launch. I would like to see
what they have to say about that Babylon
launch and some feedback and their thoughts
around Polaris.
I love
Polaris.
Hey, it's Zerk. I've been a
big user of Polaris
and I've been shilling it to everybody.
I guess one of my favorite
features of Polaris
that people don't talk about too much
is the trending page that you guys have.
Yeah, I put it trendy there.
Is that a trendy page?
Yeah, the trendy page.
But, you know, for today,
and I've seen this, you know, just watching the charts,
but today it seems like virtuals and AI-16Z is
popping off. And it's really speaking of the most popular tokens of, you know, that period of time,
because a couple of days ago you had Housecoin, which went all the way up to 120 million.
So everybody was searching, you know, House coin, most likely on Polaris. So already
you're starting to build this user base of DGEDs that perhaps in the future, I think that was my
most requested feature, Polaris to make money for me. I don't know if that's going to be possible,
but ideally I would like to invest, I don't know, DGED strategy, 500 USD, max risk, and then perhaps it uses AI to buy the most degenerate meme coins,
but still with a certain logic to it, the most popular ones that get searched and so on and so forth.
So lots of things that you guys discussed that I would like to see implemented,
but I'm already using it as my cross-chain swap option.
but I'm already using it as my cross-chain swap option.
The only feedback that I have that I'm annoyed with
is always entering the email address.
So I can't wait till you guys remove that.
Once that's resolved, they'll be probably using it even more.
Awesome. Thanks for sharing, Zerk.
And for anyone that isn't aware,
there's a guy in the Twitter space named Trendy, and he's a great contributor. And that's the reference of Trending versus Trendy.
Sunny, Sunny, Babylon Launch and Polaris, let's hear your thoughts on this.
And Polaris, let's hear your thoughts on this.
Yeah, it went really well.
I think Osmosis, we had a few hiccups right around like just the pool creation
because there were some sniper bots that were getting in the way of every time we try to put the price liquidity,
We try to put the price liquidity, they like snipe it up and then so that was not the annoying.
they'd like snipe it up.
But no, we were able to use the tokens granted to us from the Babylon team as part of the partnership effectively.
And so, you know, today, even today, I think that baby is our like, you know, one, two, three, four four fifth highest traded token today almost a million
dollars of volume uh today um and you know compared to even like uh dex's like tower
which are on the babylon chain with like three four times the liquidity they're doing less volume
than osmosis and that's just powered by Yeah, I was just about to ask you about that with Tower and like I think there was a tweet,
was it Rahma?
I don't know, Rahma tweets a lot, but someone was tweeting about how like Babylon should
have just used Osmosis as their primary decks and basically you know Babylon is working
together with Osmosis as one of its venues, but isn't Tower just an Astroport fork?
I believe so.
That's what I could tell from the poking around the Minscan, like the
contractors still labeled as Astroport.
So I don't know if they did any modifications or not, but I think it was
definitely a fork of Astroport.
Yeah. Cause like I'm reading, you I'm reading you know there are issues with deposits being a problem and
um also like single-sided deposits not really working properly is this because it's a fork
or the team that forked it like doesn't maybe underestimated uh the product that they forked
and they didn't know how to maintain it um I don't really know the details of the exact issue you're talking about.
I saw some threads or something about it.
I didn't investigate too deeply.
But, yeah, I mean, like, you know, when you're forking code,
it's easy to fork stuff.
But when things start breaking and, like, you know, it's hard to –
you kind of just want to be able to, you know,
know what's going on to like, you know, reverse engineer
so you can fix it yourself.
So, but, you know, I'm sure the team, I mean,
I think it is the X-Quasar team.
So, I mean, they've done a lot of Cosmosm work before.
They've done a lot of Cosmosm work before,
So I'm sure they'll be able to figure it out.
Speaking of forking,
how hard or easy is it to fork Osmosis products?
Like, why can't...
Why didn't Tower just fork the Osmosis decks
instead of Astroport?
Well, for a number of reasons.
One, it's...
I mean, the biggest one is large parts of the Osmos's code base are not open source, actually.
We use a business source license, which means you can go read it so it's, you know, people can know it's secure, but you can't go fork it.
You can't go copy it to use it, you know, in a different chain.
So that's why.
If it's readable, why isn't it copyable?
They can just read the code, right?
And just copy and paste the whole thing?
Yeah, but legally, if we catch anyone doing that
or can prove that people are doing that,
we will start with a cease and desist.
And if they don't desist,
then we will engage a lawsuit with the developers
to protect the IP of osmosis. cease and desist. And if they don't desist, then we will engage a lawsuit with the developers
to protect the IP of Osmosis. But beyond that, other things, one is that we're also a Cosmos SDK
modules, large parts of it. So it's not you can just copy it as a Cosmosm contract, you'd have to go add it to the chain code base of whatever chain you're trying to use it on. And then third, there's just like, in house
expertise as well, right? Like, sure, you can go copy the code base. And it's like the
same thing, right? Like, yeah, you can copy it. Are you going to know how to upgrade it?
Are you going to know how to fix this where when things go wrong. So, yeah. And like QA and support and these, you know,
these systems feed
feedback to be fixed,
which, you know, is actually quite
frequent, not in like, you
know, bugs and stuff, but like the
collaboration is quite frequent between different
entities like the OSL
that'll feed a lot of feedback over.
Okay, well, what about the uh speaking of launches what about like the initial launch it was pretty well praised on twitter for like you know being a good launch
what what do you think made their launch um be well received like that minus just maybe the token not dumping i guess um
i mean i don't know i mean for us i actually haven't used it on the initiate chain quite yet
but like for us like just getting it integrated was pretty simple uh getting it onto like awesome
trading on osmosis we're working on getting it trading on Polaris right now as well. There are some things
that have to change
from Polaris relative.
There isn't quite a normal
Cosmos SDK chain.
One of the things
that's exciting about Initia
for me actually
is that they're the first
move-based Cosmos SDK chain.
There's been a lot of move.
Yeah, I was just about to say that. there's been a lot of move drama recently.
And I still do think that there's been a lot of movement drama recently.
I still do think move as a contracting system is like pretty promising, actually.
And so it's cool to see if how, like, you know, have more VMs available on for Cosmos
builders. see how like you know have more vms available on for cosmos builders would you describe the
difference in its contracting platform to like you know cosmos uh like for people that are not
developers why is what is it's like differentiator or benefit um the differentiator okay well the
benefit is there's like supposedly a lot of like scalability benefits of moving to Cosmolasum.
There's a lot of scalability benefits to move.
It has a lot more native parallelism than something like Cosmolasum.
Cosmolasum in theory can have a lot of parallelism.
It's just that work has not been done.
And right now it's kind of unclear who's going to pick up that work with Confio kind of stepping back.
The other benefit related of that is that, you know, Move is backed by like Aptos and Swee,
which are two very high market cap projects
who are going to keep, like, developing and, you know, putting resources behind it.
So that's very positive.
One of the negatives of Move versus Cosmosm is Move is technically, it's like 99 or 95% the same as Rust.
But it's technically a different language,
which means that you can't just reuse
all the existing Rust code that exists in the world.
Like in Cosmosm, there's a typography library you want to use
or an OAuth library or whatever sort of libraries you want to use of which there's millions in Rust.
You kind of have to modify them to fit with Moves, so you don't get to tap into the same global codebase of developer ecosystem of Rust. So that's sort of the con of Move relative to Cosmwasm,
where Cosmwasm is like pure, pure Rust.
Do you know why it's called Move?
Uh, it's something about like you have, what is it?
You have...
It's something about like you're moving...
Not really.
It's something like...
It's a pretty low-level reason of like, you know,
instead of like you move memory or something in the language.
I don't know the details actually there.
Gotcha.
Okay, well, we can move on from move.
In Milky Way, they had a pretty good law actually i think um i was like kind of not surprised that milky way had a good launch but i was surprised that there
were two back-to-back relatively well-received launches uh initia and milky way and it's not
like bablon had a poorly received launch it's just like i think you know price if it moves down
people just think it's like a poorly perceived launch if it just goes down yeah
um to questions but yeah so so the question is like you know can you tell us a little bit more
about what went into the osmosis and mochi way collaboration how that kind of started and i know we've probably
gone over this in the past but it's been a year and a half probably since we last went over that
in a twitter space yeah i mean uh so osmosis and milky way you know maybe some history of how
milky way even started was uh back at cosmoverse we we were just like... Istanbul.
Istanbul, yeah.
So two years ago. At the ball pit.
Yeah, we were just like,
hey, like, you know,
Celestia is launching pretty soon.
There's no, like, LSD being built for it
at the time.
And I guess, you know,
circling back to now,
Stride is very focused on Atom.
And, like, there's a big gap in the market
for Celestia native LSD.
And so we were like, hey, why don't we should...
And we just thought, hey, in Osmosis, we want to be the deck for Tia.
Having an LSD on Osmosis is helpful.
So let's see if we can help incubate a team to do that.
So we sort of helped gather some people,
kind of gave them this idea,
helped with some early architecture stuff.
But then they really took it on their own after that.
So we kind of like helped bootstrap or like incubate the team in early days,
but they've been sort of building
and just crushing it over the last year and a half.
They are, I think, the biggest LSD for TIA.
They are doing stuff like, you know the entire slash ecosystem now they have lsds for initia as well they are they just launched their own
chain recently they've been doing some stuff on like restaking um yeah you know that's the
history of that and so we're excited to see that they're kind of live now with their token.
The Osmosis Grants Program has an allocation of some tokens from, you know, helping fund some of
the early audits. The Foundation has a small token allocation as well, just for its role in like
early, early stages of the product so yeah very uh tied you know uh
our two teams have a lot of history together you could say yeah and like um i think maybe it was
two weeks ago i went and visited them at their office and uh day b like um he's such a such a
nice guy but also so hardcore this guy just is a work machine um very intense so i'm pretty
pretty excited that their launch went well they're a well-deserving team and i think they're just
going to continue to just grind um speaking of milky way at cosmoverse Istanbul, something else at Cosmoverse Istanbul took place or maybe didn't take place,
but it's also now relevant today.
I believe that was the Stride proposal back then, right?
And that was shot down by the community.
But now today there's a new proposal.
I don't think it's a proposal, but a new collaboration happening between the Cosmos Hub and Stride.
And this has obviously been the talk of yesterday and today.
So I want to dive into that and give the listeners what they want to hear.
yeah uh well if people want to hear well first if anyone does have questions feel free to throw
Yeah.
What do people want to hear?
them up while i start um you know the chat here but i think people you know read your tweet
they're really excited about your tweet um there was a lot of there were a lot of good replies to
it a lot of pretty much all support from you know even mag Mag and Barry and Yelena and everyone just
commenting and support, you know, competition brings, competition is good. Innovation comes
from competition. But want to hear your thoughts on this landscape of DEXs in Cosmos and your
thoughts on like how Polaris and Osmosis will basically expand the cosmos
yeah I mean so you know there's been historically many uh you know I guess you could say Cosmos
Dex landscape really started with Osmosis early days back in 2021. We quickly gained a lot of market share just due to the UX of the product
with a lot of partnerships we did with a lot of collaboration
and help growing the ecosystem.
We did a lot of work to grow Cosmos and build that relationship
with the different teams in it bringing new teams into cosmos like
even till today like like i just mentioned about milky way right that's a that's a team that we
incubated into cosmo way babylon stride itself i believe yeah and so um so yeah so we kind of like
did a lot of that and then you know historically there's been a lot of people trying to build other Cosmos Dexes, which are great.
You know, like there's been like, you know, I mean, the first one was Gravity Dex, which was on the hub itself.
There was Crescent, you know, Sif Chain.
Like every few, every six months is a new Osmosis competitor that eventually, you know, just no one's really been able to budge into osmosis
why is it so hard um i think people don't realize how much work has to go work goes into
like building the decks it's not just about like spinning up the product it's about like you know
we have a we have a dedicated support team we, you know, people don't realize it's like, oh, integrations are so important because it's not just like the trading, right?
It's like you want your assets listed on CoinGecko and CoinMarketCap and TradingView and DexScreener.
And you want charts and you want, you know, pit oracle prices.
and you want, you know, hit Oracle prices.
And like, there's so much stuff that gets involved into like integrations into other
services that are important into wallets.
So that's one big piece.
And then there's a lot of just the BD side of like, you know, building the relation.
If you were launching a Cosmos token today, where are you going to want your liquidity?
It's obviously going to be osmosis right um and you know i think we were looking at it that's that
you know osmosis this site has like something like 150k monthly active users which is like
i don't think any other app in cosmos has anything like that and there's just like
network effects around that so the thing is like yeah so you know
i think we're happy to see more dexes in cosmos and like see if people try to do different things
to like bring in more liquidity but for us like we're kind of just not realistically Osmosis already has like 95% market share in Cosmos.
And like, you know, it's just not worth like over focusing our attention on like this admittedly somewhat small market.
Right. Like there's our focus is on expansion.
Right. Like how do we expand the market and so obviously bitcoin
is one of those and today i think bitcoin trading on osmosis crossed a billion dollars right
and that's all started stemmed from you know this push of bitcoin bitmosis um trading on osmosis
yeah exactly it's like so you know this is not to say like, you know, I think there was some like, things
going around of like, oh, osmosis is only focusing on Bitcoin, you know, Stride Dex is going
to be the Dex for Cosmos.
Like, no, no, no, no.
It's like, osmosis is the Dex for Cosmos.
And we're not pivoting, we're expanding to Bitcoin, and hopefully more from there. Right. So, you know, we're happy to see more competition in Cosmos.
But our focus is on expansion.
Keep growing, keep growing Cosmos, keep growing to Bitcoin.
And a big engine for all this expansion is going to be Polaris.
Right. We really do think at the end of the day, users want to trade everything everywhere.
And this benefits the entire Cosmos. We really do think at the end of the day, users want to trade everything everywhere.
And this benefits the entire Cosmos.
So, you know, like, again, focusing inward equals not actually benefiting Cosmos as much, actually fragmenting Cosmos more, but expanding equals benefiting Cosmos.
And it's kind of like a public good, but also benefits everyone regardless.
Exactly. Yeah. Focus on expansion.
Mad Scientists.
Yeah, I just want to give that feedback.
Totally agree with your guys' vision,
and thanks for explaining it.
This was my comment under one of the posts.
Like, Polaris feels like it doesn't have any favorites.
You know, it will take the cheapest route to swap my token.
And if that cheapest route is IBC Eureka, well, then so be it. If it's Axelar, then I'm fine with that, too.
So really, you're focusing on the users and the end product than trying to force certain things or certain pathways.
product than trying to force certain things or certain pathways. So to me, as a consumer,
as a user, I want the cheapest flight, right? Like when I go on Google flights, you know,
same airline, same service, I want the cheapest flight or I want the cheapest route for my token.
I don't want to be paying extra just because this app has been funded by Axelar or, you know,
whoever else is providing.
Yep. And that same statement goes for stride swap as well. It doesn't matter. It's just whatever is the best route and the cheapest route or the fastest, whatever is the best UX for the user, Polaris should and will prioritize.
Yeah, that's absolutely the best way of building. So I love that.
That's the way of building.
So I love that.
Do we have any other hands that want to chime in, ask questions?
Nope.
Okay.
Sonny, anything else you want to comment on or talk about while we're here?
No, not really.
I mean, I think that covers it.
Oh, I guess the other big thing is a lot of new chain integrations coming on Polaris.
Today, are we allowed to announce the new one from today?
Yeah, I think we can.
All right, go for it.
It is Neutron.
So Neutron has been, you know, it's one of our chains that have been the most requested Cosmos chain integrations.
So that should be live by end of day today.
And then Bitcoin is coming along very well.
Like we are, you know, it's in kind of like testing stages at this point.
And then, you know, those of you in the Polaris Alpha group, the early pioneers already got a sneak preview on the next chain that we're integrating, which is non-EVM.
Can anyone join that group or is it a users only group?
It's a closed alpha for some of the earliest folks, but we'll share more as it comes along soon.
But it's a non-EVM, non-Cosmos, non-Solana chain, non-Bitcoin.
So it's going to be the next stack that we're working on integrating.
Any hints that you can share?
I mean, I assume I know, but I don't want to just say things.
No, it'll be pretty hype, though.
Nice, nice.
Cool.
Math scientists, Zerk?
Yeah, I was wondering if you guys... I mean, there's a lot of chains. Cool. Math scientists, Zerk? kind of go full on public with it and removing the email verification and just letting people
go with it, like full on, you know, deploying it basically.
So there's two big like architectural things that we want to ship before we are ready to
pull it out of beta.
One is the, what we call like the Polaris account
system. So what that means is today, like Polaris, it's kind of like a very light mode.
We call it light mode where it's like, hey, you connect your wallets, but when you disconnect
your wallet, it has like no memory about you. And sorry, this might not actually be what you
want to hear, but we actually
are kind of doubling down on the login system. But don't worry, you won't have to do your email
address every single time, but we'll build in the memory properly. But like, you know,
you'll have what's a Hilarious account to which is linked many wallets. It's not just like,
you know, sometimes I have hardware wallets, mobile wallets,
like, you know, I don't, they're not always going to be connected to the same device,
but I want to use Polaris as a way of tracking my portfolio across everything. So I'll have my
Polaris account and all my wallets are linked to my Polaris account, even if their wallets aren't
actively connected. And now when you want to trade, yes, at that point,
you can actively connect the wallets and have the funds in them
or, you know, eventually use the Polaris vaults when those come along.
But yeah, so basically that's the big one.
One of the big architectural changes is like we want to really incorporate
this idea of Polaris accounts.
And once that's there, we can start doing, it'll open up a whole lot more.
We can have a lot more personalization.
We can have, we're experimenting with how to start
connecting to your centralized exchange accounts as well.
So yeah, that accounts are the big one, big one.
The other big one is the MPC based autopilot.
So some of you who might have ran into issues thus far, like,
you know, you have to go into your browser or into the settings and you have to like recover funds.
We're trying to like, you know, that's based off of the V1 of the autopilot system we created,
but the V2 autopilot will, you know, solve a lot of that. And so we want to get that sort of fix. So you know, I think
we are I think, you know, we have like over 95% success rate on swaps. But we want to get that
success rate even higher before we're ready to ship it to the public, or, or at least take off that beta label.
Martinez.
Yeah, guys, GM, GM.
I have two small questions.
One of them about Polaris.
I was the early user as a math scientist.
And my question is,
do you have some special marketing campaign for make?
Sorry, you just cut out?
Sorry.
Where I cut up?
Is there a special marketing campaign? Yeah, yeah, yeah.
My question is, as a Cosmos OG user, I mean, the main thing for me is marketing, it's almost a soft and smooth experience using.
I'm a little curious.
And the second one I ask after answering.
Yeah, I mean, there are definitely ideas in the works.
I don't think we can share them just yet
because marketing strategies and anything going into that
should be a surprise and it'd be be an exciting thing when it does go out um but it's definitely
a high consideration so you will see it when it is there oh thank thank thanks my my intrigue raised up on 300% more. And one more question.
I see, you know, actually I'm Osmo Maxi
and I see there is a lot of fudding guys
which depends their fud thoughts on token price.
So I'm curious.
I saw about Bitcoin secured
proposal I saw about burning every day and we're really bullish and I want to
ask do you have maybe some special strategy for supporting token I mean
Osmo yeah I mean I think some big stuff we have there's some like further
token omics changes we'd like to start to come to start getting ups pretty soon I mean, I think some big stuff we have, there's some like further tokenomics changes.
We'd like to start to come to start getting up pretty soon with, you know, cutting inflation
even further, maybe as far as zero.
So I think that will definitely reduce a lot of the sell pressure from different sources.
And then I think there's already been some work on getting some taker fees starting to a lot of the cell pressure from different sources.
And then I think there's already been some work on getting some taker fees starting to do,
to be used to do a buyback and burn of Osmo.
Is that right, Aaron?
Yeah, I mean, that exists,
but I think shifting it depending on the direct,
like, I think Johnny and I were discussing,
is there a way or when there there can be a way basically like
you kind of tweak it based on what the needs are for example if we're if we're short on supply for
some protocol owned liquidity that we want to go inject and use and deploy in the ecosystem whether
it's osmo whether it's bitcoin whether it's even like getting dogecoin over um or you know there's
the interface um uh bridge that's available and you can even
have like a litecoin on osmosis um you know it's important to have the assets to expand that asset
base on osmosis as we were talking about earlier but if we have sufficient liquidity on the decks
for trading for these assets and even if it's only like 50 or 100k in a pool but it's actually
sufficient for the demand on
osmosis then you know you don't need to keep buying these other assets you can actually just
go buy back osmo and burn it at that point so i think there's like a like a balancing game here
but that's definitely a key part um of like the considerations i'd say
thanks guys now i'm much more bullish than I'd be thank you always on
you yeah well thanks for hopping on and chatting Martinez and and Zerk any other
comments from anyone or questions in the crowd feel free to shoot before we call it.
And if not,
thank you,
Sunny, Saeed,
Zerk, Martinez for hopping on and chatting.
We will see you all on Twitter.
I'll throw one
last comment in.
Catching up with everyone next week.
So if we haven't talked yet and you have feedback, thoughts,
hopes and dreams for what you wish you saw in Polaris,
definitely reach out and catch up with us next week.
Awesome.
See you guys.
Oh, wait, we got a question.
Wait, did someone put up a request?
Yeah, it's not a question. It's not a question. You know, I just wanted to chime in and say,
it is so appreciative to see the dev teams and the founders, you know, taking the lead and
participating and bringing energy. This has been like one of my biggest complaints and
dancing around the cosmos is that we need the founders to really be stepping up and creating this energy and you guys have done a great job a really good job with this it allows
it allows the smaller projects to be excited right and that's like the part that's missing
and you guys are doing a great job with that keep it up thank you so much awesome thanks for uh
hopping on and saying that and obviously the two biggest kols for any project is
the project itself and the founder. So definitely.
All right, everyone.
That is it for today.
Thanks for tuning in.
