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@VelodromeFi launching on @Metal_L2 - Sneak Preview
Recorded: May 30, 2024 Duration: 0:45:18Space Recording
Short Summary
In a dynamic discussion, Metallicus and Velodrome announced a strategic partnership to enhance DeFi offerings, including the deployment of Velodrome on Metal L2. The conversation highlighted upcoming projects like WebAuth and Metal Pay Connect, which aim to streamline crypto transactions and incentivize liquidity providers, showcasing a commitment to innovation and growth in the crypto ecosystem.
Full Transcription
Thank you. I Thank you. Thank you. so Thank you. gm everybody just uh letting folks trickle in but glad to have you guys here this evening
let's do a quick mic check, Paul and
Marshall and Alex.
Hey, hey, mic check, 1212.
Beautiful.
Crystal clear.
Amazing.
Yeah. Amazing. I'll share the spaces one more time. Make sure we get as many folks in here as we can to talk about our good news.
Hey, everyone.
Hey, Ace.
How's it going?
Can you hear me?
Yeah. Great to hear from you, Marshall. How's your week going?
Likewise. Pretty good, pretty good. Living the dream, as I always say. How about yourself?
Absolutely, yeah. Always, it's a different week every week in this industry. It's, you know, dynamic is the understatement when it comes to Web3.
Every day when you wake up in crypto, there's something to get excited, argue over, be shocked,
impressed.
It's great.
There's never a boring day.
Alex is probably laughing hysterically right now.
It's been one of those weeks.
We're not allowed to use the word ZK, right?
Yes, that's the big one today.
That's right.
Everybody looks like we're good on speakers.
So, yeah, maybe we kick this off in a
minute or two Paul
and try to
crank through this packed agenda
yeah sounds good
just try to get a
middle L2 account up as a speaker.
How's everyone else doing?
Having a good week?
Give me a thumbs up, a heart emoji or something.
Let me know how you're doing.
Oh, yeah. Nice.
Yeah, it's been nice weather down here in Southern California. It's good to kind of get to summertime finally.
I'm looking forward to flying over.
I'm out in two or three days.
Yeah, you're coming over.
It's going to be good to see you.
It's been a minute.
Can't wait.
Tell me about it.
Isn't it illegal for Southern Californians to talk about good weather?
Do not report me because I don't want to get fined for thought crimes
under Gavin Newsom's new laws.
Oh, man, we're already into politics five minutes into the spaces.
No, I'm in Seattle, and we get about two months of phenomenal weather
and a bunch of chilly gray weather.
So let's say next time we have a retreat, we're coming your direction, Marshall.
Yeah, come south.
I love Seattle, though.
It's a great, great town.
Beautiful.
You know, when it's sunny, of course.
But I grew up in the snowiest city in America.
So anything sounds good to me, basically.
Snowiest city in America.
Let me guess.
Is that somewhere like Michigan?
It's close, but a little further east.
If you Google it, it'll come right up.
Number one, snowiest city.
I remember as a kid, too, there was a blizzard in 1993.
And I woke up one morning, and there was snow all the way to the second floor of the house
and we opened the window and snow came through and me and my friends went out and sledded off of
all the neighbor's roofs.
That's insane. Okay. Well, I'm curious now. I'll have to check that out.
It's Syracuse, New York. It's as close as you can get to kind of like Canada area of upstate New York.
Nice.
Should we kick this thing off then?
Let's do it.
So, yeah, I mean, perhaps we should do some intros from our side for Velodrome followers,
people that haven't heard of Metallicus before.
Maybe, Marshall, you could give us a bit of an intro to Metallicus in the Metal L2, perhaps.
Yeah, so I think a lot of people here probably are familiar with
with myself and Metallicus but just to rewind it back, my name is Marshall
Hayner and I'm the CEO and co-founder of Metallicus and we are a digital
payments company in the area of blockchain. We've been focused since
2016 when we were first formed around bridging DeFi
and TradFi and traditional banking.
I'm a OG crypto guy myself
and have been around for well over a decade.
I guess you can say it's been, wow, 15 years now
or a little bit less.
And, you know, watching the crypto space evolve
from kind of a nascent, you know, we were hobbyists and we were playing on Bitcoin talk and so forth to the modern banking stack and where the future of finance is going. because I thought if this really does what I think it might do, it might decentralize finance for the web.
And, you know, flash forward almost 15 years later, it's doing just that.
And I formed the company in 2016 with my co-founder and CTO, Glenn Marion.
We met in the Dogecoin community. He built the first Dogecoin wallet.
And we hit it off and formed
Metallicus with this vision of bridging TradFi to DeFi. And we launched our MetalPay app in 2018,
which is basically kind of like the early crypto Venmo, before Venmo had crypto.
And we've since built out that platform, the Metal platform, to do everything from DeFi trading, lending,
fiat ramping, and creating also a digital banking network with Metal Blockchain,
and ultimately connecting that to Metal L2, our new Ethereum scaling network,
which is part of the super chain, which is what we're talking about today.
And we recently partnered with Velodrome,
which we're very excited about because Velodrome is, in my opinion, the shining star of L2 dApps.
It is the top decks across all L2s, not just Ethereum, but everything. If you look, you can
go to DeFi Llama is a good place to track that. But yeah,
you know, Metallicus was formed with the vision of connecting these two worlds. And we believe
in the future that your bank will seamlessly integrate into the Web3 world, DeFi world.
And, you know, if you wanted to move dollars or euros or NZD or AUD or any currency, you should be able to do it seamlessly from
your bank to the blockchain.
And how do we go about doing that?
And these are the tools that we're building at Metallicus.
We started with this simple vision of crypto payments and expanded to digital banking network
and excited to talk about Metal L2 and Velodrome today.
Yeah, that's awesome.
And maybe for the Metallica's listeners that are perhaps new to Velodrome,
Ace, maybe you could give us a rundown on uh for the history of velodrome and uh yeah for the history i think the short version alex probably is great at telling this
story in terms of the lore so i'm gonna let him take the torch yeah hello everyone yes this is Alex from Velodrome on the main account this afternoon.
So yeah, so yeah, Velodrome launched, we're close to our two-year anniversary here on Optimism
Mainnet and Velodrome was designed to be what we're calling a meta-DEX. And that is a DEX that combines together the best of Uniswap, V2, and V3,
of Curve, Convex, Bodium, all into a single streamlined layer
that's designed to be kind of the central trading and liquidity hub,
initially of OP Mainnet, of course. And, you know, we weren't initially of OP Mainnet, of course.
And, you know, we weren't first to OP Mainnet,
but I think, you know, we helped really kick things into high gear on OP Mainnet.
But now, of course, to be the trading and liquidity hub of the broader super chain.
So we've recently deployed to Mode, built on Bitcoin.
We've recently deployed to Mode, built on Bitcoin.
Obviously, we're on our way to Metal L2, Lisk,
and a whole bunch of others that you will be hearing about here soon.
Yeah, that's awesome.
So I guess for a little bit more context,
I guess for a little bit more context, on May 18th,
a proposal went live to deploy Velodrome on Metal L2.
And part of that proposal, which passed unanimously, actually,
was almost double the quorum.
So people are very excited to see Velodrome
deploy on Metal L2.
But yes, as part of the proposal,
there was an incentivization program, essentially.
Could you guys tell us a little bit more
about how that would work,
the rewards, your mechanisms uh for
metal on velodrome and um yeah how how that will play out basically sure um yeah we were very um
generously i was very surprised and and like in a very very positive sense when it came to the results of the proposal.
And obviously our teams hit it off well.
And, you know, you guys were big supporters of us.
And I think I mentioned I discovered Metal many years ago as well and had been following your project and the progress and the network you built and following through on a great vision. So if it was up to the four of us speaking,
it probably would have been a little less nerve-wracking.
But when it comes to Web3, there's the element of decentralization.
And we crafted this proposal with your help
to try and educate the community on the power of incentives
for bootstrapping any chain.
And that's something that we've learned through experience.
And working with the Optimism team, the DeFi ecosystem within Optimism,
the applications, the builders, it was fairly lean when Velodrome deployed in mid-2022.
It was fairly lean with Velodrome deployed in mid-2022.
And DeFi was not new by any means, but it was hard to bootstrap a new chain without the incentives layer.
And we discovered that through implementing the V33 flywheel and working directly with the Optimism Foundation and trying to get liquidity on the chain so there's enough for
new builders to come in, new applications to build, composability on top of, etc.
So we're essentially extending that success. We had an optimism to the Metal L2 through the addition of MTL incentives for the voting layer that Velodrome brings.
Velodrome has a native token emission, the Velo token, which is awarded to liquidity providers.
And there's basically the way that the Velo token is distributed is through how VE Velo, the locked Velo voters, decide where to allocate their votes each epoch.
I always get the epoch, epoch words confused. Sorry.
So MTL incentives are going to be available for all of the pools for voters to essentially allocate their votes to.
So it's going to be a nice way for, you know, the chain to bootstrap the required liquidity pools.
It's a really excellent way of onboarding, you know, new eyeballs and new DeFi aware
velodrome users and voters to what's going on in the metal ecosystem and should attract
you know plenty of liquidity for what it's needed to do on on the MTA on the metal l2 in addition
to potentially some newer protocols who are looking to to build on top of your new layer
two super chain so you know this this is uh it's a really great way of bootstrapping um not only
you know uh the chain itself but the ecosystem um for for the applications as well
yeah this is great i really feel like uh we're in good hands you know velodrome's a uh experienced
got an experienced team there and um you guys know what you're doing.
So, yeah, I'm very pleased the community, you know, saw what we saw and, yeah, voted in favor of working together and bootstrapping that liquidity and creating something awesome that, yeah, people can come and enjoy, right?
something awesome that uh yeah people can come and uh enjoy right um so what kind of you know
the proposal passed i believe uh a few days ago may 25th uh it ended so what kind of timeline do
you think we're looking at when can people um you know start coming over and start bringing their liquidity over. Yeah, I'm happy to touch on that.
So right now, the phase of the Superchain expansion that we're in
is what we're calling the Superchain Beta.
And what that means is that we deployed Velodrome instances onto Mode and Bob.
And those instances right now are designed to be fairly standalone.
This is just kind of our early deployments.
And that means, you know, there's no voting and bridging of emissions yet.
There's no incentivizing voters and getting that incentivization multiple yet. There's no incentivizing voters and getting that incentivization multiple yet. They're kind of
just the beginning of the expansion. But basically what we're working on, which is super exciting,
is our Superchain 1.0. And in Superchain 1.0, which we expect to launch probably somewhere in the next 30 to 60 days. Basically how it
will work is that if you are on Metal L2, it will all be just a very seamless experience.
It'll feel like a normal DEX. You'll be able to deposit liquidity, earn Vela emissions, you'll be able to swap and
trade all of the tokens there. But if you want to get involved in sort of the direction of
emissions, if you want to earn, you know, fees and voting incentives, you would take your Vela over to OP Mainnet, lock it up, and then vote that way.
And the really cool thing about what we're doing is we are reworking our front end to basically
abstract away the need to switch between chains, right, when you're doing all this sort of stuff,
because if you're maybe moving across the super chain, right, you're doing all of this sort of stuff because if you're maybe moving across the super chain right
you're doing some liquidity on op mainnet you're maybe voting to direct emissions to metal l2 you're
claiming your rewards on metal l2 you don't want to feel like you have to constantly switch between
networks and interfaces and go through all that complexity. So we're working on some cool stuff that will make it feel very, very seamless
kind of as you jump between the different functionalities and the chains that they live on.
And for us, that's really just the start of things because, of course,
the vision of the broader super chain, right, is that all of that complexity should be abstracted away that these layers should feel
as cohesive as a as a single chain and while you know that's going to take a a bit longer
uh to to come together there are things that we'll be able to do in the short medium and long
term to start realizing that vision now.
Yeah, I'm just stoked we got started early and we made the start already, so that's exciting.
I guess, yeah, we could...
Marshall, do you want to maybe run through any future plans?
Where we're sort of heading with Metal L2.
I don't know sort of how much, what we can talk about,
what we can and can't talk about,
but maybe Marshall, you're the best man for the job.
Yeah, we've got some exciting things in the works though.
Absolutely, yeah.
You know, so some people may have noticed
that we just rolled out
Ethereum support
for our non-custodial wallet WebAuth.
This is kind of like
the first piece of,
you know, the puzzle.
I'm a huge Apple fan.
Just full disclosure.
You know,
I had the first iPod, V1, the brick, all of that.
And I fell in love over 25 years ago with Steve Jobs' vision of building a cohesive platform that just works.
And one that's not just works, but works really well and kind of anticipates the things you want to do.
When you think, hey, I want to do this, I want to get cash in my bank account, or I want to get crypto in the ecosystem, or I want to make a trade or do some lending or use a wallet.
A lot of this stuff is very complicated in crypto.
People have lost a lot of money, not just for falling victim to some sort of phishing or scam or
something, but just by losing keys.
Or I can recall in the very early, in the first few years of crypto, when there was
only one crypto wallet.
Imagine that, just one.
It was called the Skildebock wallet, and it was only on Android.
And I had some Litecoin on there. And one day, Google pulled
it from the Play Store. And there was no easy backup way to get the private key.
Sorry, I got a call from the other line. I think it might have interrupted my mic.
But, you know, flash forward from that timeframe, you know, 2012 to, you know, modern day, right?
Over a decade later, now we have much better wallets, but you still have a lot of issues with people.
Like if you just go on to X right now and just tweet MetaMask help, watch what happens, right?
what happens. Not that that's avoidable, but the software that we use needs to be
very secure and very user-intuitive. When we built WebAuth, we had that vision in
mind that not only we want to have web authentication.
So we want to be able to use the native browser.
We want to use the secure enclave.
You know, maybe five, 10 years ago in crypto, everybody was very concerned about hardware wallets,
and they still should be.
But the idea of the hardware wallet is evolving, right?
You have the secure enclave in your device, in iOS, in Android devices, on your computer. And now with passkeys,
a lot of this stuff is synced. So, you know, why should we leave the browser to make transactions?
And I've seen Coinbase Wallet and Binance Trust Wallet and others kind of experimenting with this,
Trust Wallet and others kind of experimenting with this.
But WebAuth.com, we are the original web authentication wallet in crypto.
And so in doing that, we want to launch web authentication for the super chain and by proxy for Ethereum.
And you're going to see that roll out with WebAuth pretty soon.
This was kind of our first, you know, kind of line in the sand to say, OK, this wallet now supports Ethereum.
Expect it to support all of the super chain, expect it to support other L2s, Bitcoin, Dogecoin,
other applications. But we wanted to get that web authentication experience, not only from an
amazing user experience where you, you know, don't leave Chrome or Safari, don't leave your browser,
but all of your devices are now synced. You lose the device, just remove it.
And furthermore, into the future, as we start to issue metal identity on different chains,
I don't want to type out all my information every time I sign up for something.
Take a selfie, put up my ID, do all this stuff.
No, that's tiring. It's ridiculous.
And in some cases, the person on the other side
shouldn't even have access to that data
because they're going to lose it
or the entity is going to lose it.
Or maybe doesn't even need it.
So how do we obfuscate that experience?
So these are some of the first things
you're going to see coming from us at the Metallica side.
But in partnering with Velodrome,
we're really excited because it's incredible DAX,
it's incredible DAP, proven on base, proven on optimism. And we feel that the products that
we're making with MetalPay, and soon we're about to launch our white-labeled API and SDK,
which is an evolution of the Metal API we're calling MetalPay Connect, which you're going
to see coming out pretty soon.
We want to have all of the dApps and builders have a native experience.
So in the past in Web3, you typically have, you know, a widget or something like that that has all this other companies or other equity brand, brand equity all over it that's not your brand.
Well, it should say Velo.
It should say VeloDrum.
Velo's DApp should feel native to that brand. So when you type in your credit card, all that
information, it shouldn't feel like you're popping out, going to a separate site, and then getting a
30 to 40% failure rate, right? Where they lock your bank card, right? That's the experience now, unfortunately. And Metallicus,
as a licensed money service business and money transfer company, we have that experience around
traditional payments. We know where the pain points are. We know how to get higher success
rates, better experience, lower rates, faster delivery times. And know, and our, you know, five, five year,
10 year vision, you will sign up with a partner bank that's connected to metal blockchain.
And you'll just withdraw your fiat right on the chain, right into the Velo dApp,
make some profits, want to put it into your checking account, boom, it's done at the speed
of super chain. It's confirmed in your bank accounts. So I believe that a lot of
crypto exchanges and platforms are going to start to go into this direction where they're building
these tools that connect banks and modern FI. And we're already starting to see the very beginning
of it when you look at BlackRock and Biddle. That's more of an institutional thing, but it's
a bridge from institutional finance to DeFi.
And so, you know, the first things you're going to see are going to be more around some of the
wallet tooling, MetalPay Connect to Fiat tooling. You know, we're really excited because we built a
lot of these different things and getting the opportunity to partner and work with Violodrome
has been incredible because they're top-notch builders. They have an amazing community.
been incredible because they're top-notch builders they have an amazing community and we're excited
because we have something really special that we feel you know we have just been looking for the
right partners um on the on the defy side and since we started metal l2 it's been an awesome
experience at metallicus because we've just been blessed with the opportunity to meet people like
ace and alex and and the velodrome team and meet other teams that you're going to be hearing about soon.
And we've just built an awesome stack to create that bridging experience, but also for the
builders knowing that their users are going to be safe and have a seamless experience.
And that's something that we hear a lot when people talk about using Metal Platform and
Metallica's apps and tools that hey it just works it's really seamless
yeah Alex always says we want the superchain to feel as seamless as using
the internet you know if you've abstracted away all of the complexities of the underlying
piping essentially, right? The cloud provider, the hosting, the internet, and it's just basically
like you are clicking and pointing and things are getting done. And that's what's exciting
about the super chain because it's still built on Ethereum,
but it's the most accessible version that's sustainable
and anybody can use anywhere in the world at any cost.
And it's just like,
it's funny how far we've come
and how close we are to realizing that vision.
So that's why we picked
the super chain as well. Yeah. And I think the other, you know, the other awesome thing about
the super chain is just that, you know, Vitalik wrote a great article, published a great article
about it last night. It's in my feed. I retweeted it talking about kind of the culture of L2s. And, you know, there are a lot of L2s popping up there. I even saw a funny meme where
it was like a chimp, you know, sadly trying to put a nail into a piece of wood. And they were
like, Ethereum people watching Bitcoin people try to make L2s. There's going to be a lot of L2s
coming, right? The experience around the L2s is, I believe, is exactly what Vitalik said it's going to be.
It's more of a cultural thing.
So maybe it's, you know, maybe it's Zora, maybe it's Zora with NFTs.
Right. Or it's base because of Coinbase's, you know, penetration and products.
Or maybe it's WorldCoin in the developing world where people are accessing these tools, you maybe it's Metal where you've got a dApp and you built all the crypto stuff.
And what you need is a connection to the traditional fiat world.
But you realize, hey, that's going to take millions and millions of dollars and years to get all my licenses.
Is there someone that's not going to put their brand all over my app?
Is there someone that's not going to put their brand all over my app?
And also, you know, if you wanted to build anything in crypto, chances are you're looking at Ethereum first, right?
It's the number two largest cryptocurrency in the world, and it has staying power.
Lots of people over the years, I've heard XYZ, Ethereum killer.
Well, wake me up when Ethereum gets killed because I honestly don't see that
happening anytime soon. It's where majority of all the TVL is. And it's where the culture,
I saw another funny meme where it was like the culture of crypto between Bitcoin and Ethereum
couldn't be any different. So, you know, a guy with like a, you know, an ax and a gun and some
steak or whatever. And then, you know, someone in a unicorn t-shirt, uh,
representing Ethereum or whatever, but it's true. There's, there is a big cultural difference. Um,
but what I noticed is that the super chain is very welcoming and it's where all of the TVL is. It's
where a lot of the activity is. Solidity is the number one smart contracting language. If you're another chain, chances are you probably support Solidity.
Many of the other L1s have focused on that.
And so when I look at where you want to be, you want to be on the super chain.
And Velodrome and the Veloteam is the top Dex and DAP.
And Metallicus with the metal L2, I think think is just an amazing place to build, an amazing
place to ramp.
In the super chain world, base was kind of the default ramp L2 chain and now we have
another one.
Just a different culture though, right? sorry i got quiet in here i don't know paul is on mute but um i can kind of yes okay can you hear us
yeah i think um what else uh do we need to cover, I guess?
What can you do on Metal L2 now?
Well, you can, the bridge is available on Superbridge.
I think we've got support coming for web authors that write marshals soon, I believe.
soon, I believe? Yes. So, um, so, and just to add some color, I can't speak for the Velo
team's timeline for launching, but after, so we just made an announcement yesterday,
giving the official snapshot and airdrop date for Metal L2. So this is when, um, exchanges,
other partners that integrate Metal, uh, can go live. Um. And we're going to be, you know,
you'll hopefully you'll be hearing some other announcements as those come. But after the 26,
that's when the bridge will open for MTL to the L2, the super bridge. And so that's kind of when
you can expect some of the big things to be happening.
Right now, you're seeing a lot of dApps and people come in, you're going to see more and
more proposals coming up on the dashboard. Right now we're using the XPR network governance
dashboard because it just works really well. And I think that a lot of our community really likes it.
When I tried to use Snapshot, it's a decent platform, but it is very complicated,
and no one ended up using it. So we have been talking to some other really great, I don't want
to pre-announce anything, but we've been talking to some other great L2 dashboards, governance
protocols that we think are really great. And so hopefully we'll see some of them come over as well.
We'll see more proposals leading up to the snapshot and airdrop date.
And after that period, some people have asked us, you know, hey, I have MTL.
I have metal in MetalPay or I have it in, you know, MetalX or I have it in loan protocol.
You don't have to worry because we built a seamless platform for that upgrade.
You don't have to do anything, right?
So if you have it in your WebAuth wallet, for example, you'll open it up and you can just,
you'll see the option just to tap right into Metal L2 and boom, there's your MTL.
And bridging will be seamless as well.
And all of the partners that we've been talking to,
We're working with them to create a seamless experience on this day.
we're working with them to create a seamless experience on this day.
So after that period, you'll be able to access the L2 with those partners as they announce.
But yeah, in general, some of the exciting things leading up to this launch, I would
say VeloDrums, obviously one of the most exciting things out there that one of the most exciting
out there that, you know, one of the most exciting partners to come. But yeah, I kind of briefly
partners to come.
mentioned our secret project that we're working on that we haven't really come out of the shell
yet to share. But yeah, we're calling it Code Word Metal Pay Connect. This product is really
going to be that fiat bridging. And we want to take it beyond just card payments for credit and debit,
but all different types of ramps. And so we're really excited about faster payment and new
federal payment rail systems. And so to the extent that we can add those, we'll be adding
real-time payments as well. And also, this is kind of like a longer stretch goal. This is probably by the end of this year or next year. But connecting Metal Blockchain to Metal L2, where we are working with banks and credit unions and financial institutions to create their own private subnet ledgers, that's kind of like the next big thing. But probably I would say a year or so away.
Banks are not known for moving at high speed,
but the reception that we've got has been overwhelming
from both sides, from the crypto side and from the DeFi side.
And yeah, I'm just excited over this next year
to kind of see all that come together.
But yeah, from us, expect a lot of big updates and upgrades
into WebAuth, WebAuthentication on Superchain and the Fiat Ramps, faster payments inside the Fiat Ramps, other options beyond just card-based payments.
I'd love to bring ACH back, but it's funny, as we're doing a lot of this work and research, one of the things we're finding out is some of these older systems like ACH, that's a broken system using secure file transfer protocol.
I see Alvosak Mursad in the audience. I know he's probably laughing because it's like that's our financial system is built on a 30 year old transfer protocol.
all. That's crazy. Why not use blockchain for that? But yeah, as we start to evolve those
That's crazy. Why not use blockchain for that?
technologies, you're going to see more and more of them on the consumer side and available.
And our goal is over the next few years that that interaction between all of your financial apps,
your bank, and dApps like Velodrome and L2 is just one tap. Very easy. No middleman,
is just, you know, one tap, very easy, no middleman, no waiting time. You know, if anything,
you get rewarded for doing activities instead of punished and having your funds held and frozen and
stuck and delays and things like that. You know, I think that we'll really have one as an industry
when we can prove that this technology beats everything else, right? And
people right now will say, oh, well, I can use Venmo and I can make a payment and there is no
gas fee or there is no gas fee. Well, I think Metallicus has proved that we can make payments
without gas fees on chain. We can make payments globally for penn, on super chain. And ultimately, when it comes to the idea of,
you know, stable coins, central bank, digital currency, digital identity,
none of that stuff has to be scary. It should be like Apple should be a cool, rewarding experience
that's seamless. And so expect a lot coming out of us over the next year, especially around
the web auth andPay side.
Yeah, it's good stuff. It's always a pleasure hearing from you, Marshall.
And it gets me excited and kind of inspired, you know.
You talk so, you're so passionate.
And so, yeah, we've got a lot going on at Metallica.
This is very exciting, especially exciting linking up
with the team at Pelodrome.
And, yeah, more things to come.
I think, yeah, watch this space.
If we, I think we could probably wrap it up here.
I think we've more or less covered
everything on our agenda. Yeah. Any final words, Marshall, Alex, or Ace?
I was going to ask Ace and Alex, what do you guys see coming in the VLO world
over this year and just stuff that you can share, but like, where do you see the
Metadex going? And it seems like you guys have a really big vision to bring it across the entire
super chain. You guys are also launching your own super chain L2 network. What's next for VeloDrome?
Yeah, I mean, you touched on some of it. I mean, one thing that we are very focused on right now is the sort of launch and expansion of Slipstream.
And Slipstream is our novel version of Univ3-style concentrated liquidity.
So if you are listening and want to take Velodrome for a spin before it launches on Metal L2, feel free to come on over.
There's some great APRs for liquidity providers and you can start experimenting with locking and voting and all that fun stuff.
But it's definitely to be not only the top liquidity decks on any ecosystem that we're in, but the top volume
driving decks. And then, yeah, it really is a focus on launching this Superchain 1.0 product
across a bunch of different superchains. And I think Optimism has a lot more super chains yet up their sleeves to announce.
And, you know, we're going to be working closely with them to support those launches,
to bootstrap liquidity on those ecosystems and sort of start bringing to market this novel interoperability technology.
And, yeah, I mean, we're're of course, just very bullish on the super
chain. We think it has clearly sort of established itself as the leading solution for anybody who's
building a layer two and the network effects of that, I think are going to be fantastic. So
be fantastic. So that's what we're looking forward to.
that's what we're looking forward to.
Well, it's an honor to be working together with you guys. And I think our community inside the
metal community is really pumped to see Velodrome joining us. And, you know, the vision of the
Slipstream and the Metadex just makes so much sense. It's very much aligned with stuff we're building over here at Metallicus.
And yeah, we're really excited to collaborate.
And it's going to be an awesome launch, I think, for VeloDrome on Metal L2.
Hear, hear.
All right.
Thanks, guys.
Good talking.
It's been a pleasure. Cheers, everyone. Thanks for tuning in.
Thanks again, everyone. Have a great day. And thanks, Ace, for joining us and Alex from
Violadrum. It's really great to have you guys on. Excited to work together, guys.
Cheers. Thank you.
