Hello, hello. We'll be getting started in just a couple minutes in a minute.
Maybe one more minute. Alright, I think we're good to go. Okay, today is December 14th. Finally back with the update from the live. We have a couple things to go over in a very busy few weeks. Today we're going to have sunny
just going over some of the general essence updates, the recent V13 upgrade, which went last, and live last week. And we have Federico and Miles from the OGP. They're going to be ringing on Lyca and Chaos Lab, which are grantees.
And then we're also going to have a lava network sharing some exciting developments that are coming up. Sunny, why don't you go ahead and kick it off. Hey, yeah. I've been on fun two weeks. The B13 fluorine upgrade finally happened.
So with that, I had a bunch of new changes. You know, the biggest obviously being the stable swap. So excited for that. I think there was a couple proposals already went up already. I think some pools have already been created now with some of the stable swap assets.
proposals to put some incentives onto those should be going up pretty soon. Yeah, so I think, you know, definitely going to be, I think we're making a three pool right now with like USDC, USDG and BUSD as like
sort of a, you know, three most popular stable coins letting them build up liquidity for those, so people can like, on board using those, but then also like, you know, I know the IST folks are putting up their own pool as well, there will be a die pool as well as, I'm sure they'll be a USK pool.
So, yeah, as I see a lot of those. One thing people maybe may or may not have noticed, but it's happening in the background, which I'm sure traders will be happy about, is a lot of the swap fees go down now because this is something that governance
voted on a while ago, but it kind of just took some time to like fully test out properly and get it all working. But now swapies are cut in half when you do a multi hop trade through osmo. So what that means is, you know, today let's say you're swapping
Adam to Juno. Well, actually, no, there is a direct Juno to Adam pool. Let's say you're swapping Adam to regen. So in what when you do, you know, there's an Adam Osmo pool and then there's an at Osmo regen pool and each of those how their own
So, we're going to do a swap from Adam to region, you're effectively paying a point four percent swap fee, which is actually relatively high.
you swap from Adam to regen through the Osmo pool, it basically cuts the swap fee in half for each pool. So then you only end up paying a total of 0.2% swap fee. So this does mean that the swap fee revenues for the trader, for the
LPs and each of these pools does go slightly down on a per trade basis. But the hope is that this reduced swap fees will actually sort of just bring in more volumes overall onto the decks. It will become a more competitive place to trade relative
to other dexas as well as be able to, you know, more arbolumes will be captured. So, you know, people are always arbing assets against other exchanges. And so, you know, what happened, you know,
one interesting dynamic with what happens with swap fees is you can't it's not profitable to arb until the difference on the price on the decks let's say something like Adam right like let's say it's let's say the swap