Hello guys, this is yeah, yeah, yeah, can you hear me? Yes
Yes, perfect all good on your end too, I think I accepted your request to be a speaker should be working
Yeah, let me chat with you
It looks like people starting to come in
Yes, team, can you try to speak?
Hello, yes, perfect. Perfect
Who I'm so happy usually do the spaces sometimes, you know that it works very well and today seems to work very fine
Yeah, it is so let's give a few minutes, I guess
Yeah, let's wait. Let's wait for the time
Let's wait a little bit for the people to have the time to join and then we will kick start this
Look to the space. Can you hear me? Well
Let's wait a few more minutes maybe one more two more minutes
All right, I think we can start slowly
With introductions and all that people start joining in so first of all, hello everyone. I'm very happy to be here today
With the meridian team. This is a Luca speaking. I had the head of marketing at voltage
And today I'm very excited to have so yeah here and also Tim both from meridian finance with us today and
It's been very really pleasant for voltage to see the introduction of meridian on on fuse fused if I ecosystem
It's always a pleasure to see the ecosystem grow and I'm very happy today to have both of you guys to present meridian
So I'll come in deep but also go deep dive into the new opportunities there are with meridian some fuse and also
Yeah, what we're about to do together as well. I'm very excited about it
So first, let's say yeah, let's say a few a few words. How are you doing guys? I think that the men's
Yeah, we are yeah, I'm doing good
Same for us is a pleasure to be here. We are excited to join the fuse ecosystem as well
And then I think we are off for a pretty pretty good start
And we are also thankful to partner with voltage as well. So thank you for having us
Okay, great. Can you yeah before we start like diving into the specific questions from our community
Maybe you want to tell a bit about yourselves you guys and your background so that our community can get to know you a little
bit and get to know the people
Yeah, absolutely. Absolutely. Yeah, so I'm here and I guess most of familiar
From the charts I write a lot in the telegram groups and I'm the business development manager of meridian for
Since the start pretty much so for the past six months now, I believe
Before that I I consider myself pretty much an OG
In crypto, I think I did the first transaction with Bitcoin on 2015. So quite some time
I got involved more with the technology and and got a deeper understanding
on crypto and web tree and was it was involved in the other web tree and crypto startups and
Play the key role on the crypto niche within the government agencies
in my country and and now also doing the
meridian and super passionate passionate about what we are doing and
Yeah, we will tell more obviously about that
Thank you, thank you about you Tim you want to give a few words about yourself
Yeah, thanks for having us on
Yeah, so I'm Tim but most people from the community will know me as TJ
I've been building in the space for around two years now. I'm the main developer for meridian finance
And yeah, it's just it's very exciting for us to be building on fees
It kind of reminds us of where telos was at maybe like four to six months ago
So, yeah, we're very very excited to be here and hopefully build the build the AK system back up
Cool. Yeah again voltage is so thrilled to have another fellow decide build their own fuse and
Let's talk about a little bit about the what's that what's been happening on your side guys, right? Because meridian has
Deployed meridian mints with the USM stablecoin. There's also much more to come and I would like to dive into this
But let's say let's start very simple for first. Can you tell me a bit about what is meridian finance in short?
Yeah, good question. So meridian is actually built up of three separate products
We've got a stablecoin in usdm, which is a fork of liquidity
We've got a lending platform meridian lend which is the fork of our baby, too
And we've also got a trading platform which the fork of GMX
So together these products compose meridian
And so what we essentially do is we offer
All three financial products to different up-and-coming chains
Kind of centered around a USM stable coin that that's that's our main products
But the problem that many stable coins have is that they don't really have much utility
So you might be able to mint a stable coin, but you won't be able to use it within within other DeFi applications
Building these three products together the trading platform and the lending platform both leverage
USDM and help increase its network effect and therefore adoption
So what we're doing with networks at the moment and for example with fuse is we're first building the stable coin to initially build that
Like liquidity and then we're introducing
Lending platform and trading platform as follow-up products that can help leverage USDM and also provide additional
utility and services on the network
So yeah, it's gonna be exciting few months with a lot of developments happening
And yeah, lending's lending is coming next and yeah, it should be exciting
You know you're mentioning lending is probably something the voltage community will be very happy about
It's been it's been something that
We've been promising to our community for a long long time and also lending is a real powerhouse to any DeFi
Ecosystems, so I'm also very very stoked to hear about that
Question for you. Yeah, yeah, because we also talked about the USDM right before right?
Could you deep dive a bit into the role of very dim mint and the USDM stable coin and like
Opportunities with this trading liquidity provision. I mean, can you yeah do a slow rundown of the USDM stable coin and all the utilities?
Like and also the process of getting it
Yeah, absolutely very very good question
Yeah, so in continuation to what team just said
So after the multi-chain fiasco hit so our previous project
on the Telos EVM pretty much
To turn to ashes because of all the chain all the assets
So we decided to pivot and I find a way for protocols and ecosystem to
eliminate pretty much reduce
Outside risk and third party risks. So this is how we came out
So use the on use DM can be minted against the native asset of the chain
Can deposit fuse and mint USDM against it and the USDM will always be?
So that's that's one thing and
This the second benefit that it brings to the table
on the ecosystem front so
Because USDM is minted against the fuse token
Much of the fuse supply on them on the markets and they reduce selling selling pressure and gives fuse another utility
From user to to use it as collateral
So it's a it's a key play
To grow the liquidity on any ecosystem
Which the USDM X itself users can
Can use it in multiple ways. So first?
utility that they can use use DM
Which is to deposit it on the stability pool
So the stability pool is a is a key part of the pegging mechanism of the liquidity mechanism
So every time liquidation
Happens within the meridian mint protocol, so
USDM from the stability pool
getting burned on a pro-watt rata distribution and
Collateral so the liquidated road is distributed to the
To the stability pool depositors with 10% profit. So this
for depositing USDM on the pool and
Besides this we also worked with the fuse fuse foundation or the fuse labs
to incentivize this this pool even more and then right now
Staking USDM yields about 45% if I'm not correctly
Which is a very lucrative
This is a thing that users can do already
Now and many do and looks like we cross the 200k
Which is pretty impressive in our eyes and
Let's go down the line as a team side. We will also
Integrate USDM within the meridian land and more protocols within the ecosystem and
one of them is a voltage as a
as a pretty much as a I'm sure most have seen that USDM is a tradable on voltage and
And users can even trade the arbitrage
If you SDM trades be below or over the peg
In some cases, so it makes it another way to
Thanks here for the extensive
Explanations, let's repeat that again
But pretty amazing really amazing. Yeah, it's I am in the hand capture
Yeah, it's pretty amazing like I wanted to repeat that for the committee that didn't didn't hear it
But yeah, very very cool. Check out check out what they're doing there
Yeah, actually you mentioned that the USDM is listed on voltage it is there's actually a v3 pool to it with wf
paired with wfuse, but that's not it right is also your your ecosystem token, right your
MST token, which is also listed on voltage
Can you tell us a bit more Tim about the use cases of the MST?
Yeah, absolutely. So the MST token is a secondary token within the meridian ecosystem
If you purchase it you can then stake it on any of our supported networks and start earning a
Proportion of the fees generated from the platform
If you deposit MST in the staking pool and fuse you'll earn the fees from them
On meridian mint. So as we're seeing more and more usage on
Fused of as of late the the fees have increased a fair bit. So that that's quite good
But yeah, essentially it's just the second just secondary take event within the ecosystem that can be stakes to earn
The fees generated by the platform
Right, yeah, and as you said right as volume ramps up as liquidity ramps up
Stakers will get also higher incentives
Yeah again little reminder to the community right
With our partnership with meridian we listed usdm so to stay will come we talked about but also MST
Right you can both actually already trade them on the on voltage and also provide liquidity. I know that again the
Pools are v3 pools and this is this comes with our latest introduction to concentrate equity where we we have migrated all
The double reward so like higher incentives to v3 pools. So actually
Yeah, our friends at meridian. They also created a pool there and it has pretty good rewards. So you might want to check it out
Yeah, by the way, yeah, you want to elaborate a bit on the strategy?
Like the voltage users could earn like high rewards by depositing fuse
to make usdm stablecoin and and also they need any different body that
Could be a voltage users could have with their you know, yeah usdm. I miss
Yeah, absolutely. So as I briefly mentioned before so try to summarize it to a
to leverage usdm, so first of all
Users with usdm can deposit it on the stability pool
and held this 45% yield that we just mentioned it paid in wrapped fuse and
they can use these rewards to
to open the trove or increase the trove and mean tomorrow usdm and
Get the magic of compound interest. At least that's what I'm doing currently and it plays out really well
For me and I believe for much more
So that's that's the first thing
Second in the second thing that can be done. So it's to trade the fuse price
Fuse price on voltage. So because usdm is spelled with fuse
On as a v3 pool currently, so
When fuse price changes, so there is an arbitrage opportunity
For for this spell, so so usdm can be
Can be traded in a discount or in a surplus
Have an eye on it and leverage it to their own benefit
so this is another thing that
I see some users are doing and some I think there is even one bot that tries to leverage
Action so coders for them
So that's a so that's about it I believe with the usdm and
We can start in some some alpha that we we will give usdm more utility and in the
Really near future we are in talked with more protocol
To be deposited in more pools and more and be used in more activities
And then we will share this information
Luca I believe we can give some alpha about
Something that we will have for usdm and MST on voltage. I believe pretty soon
Yes, yes, yeah, yeah, we have some alpha here or some teasing to do right
So voltage and medium as you probably now understand are working very closely
We we have this mission together to grow the fuel ecosystem on the defy side of things and
Yes, we are working also closely to get higher incentives and maybe a little competition down the line
Yeah for users to also get to know very thin better and use voltage and the latest updates for this
I'm not gonna say too much about it
Because that's still to be announced, but this is coming quite quite quite soon. Yeah
Everyone loves a good competition
Yeah, exactly. Exactly. Oh, yeah
We'll give the details later and also about the rewards and all that but yeah, stay tuned taking for that as we will announce it
Tim Yair any any last words you want to say maybe something you want to share to the voltage community
How they can find about you if there are tutorials they can have to make them their onboarding process easier
Tell us about how they can get to know you and your protocol
Yeah, definitely so yeah team you want to take it, okay, I would yeah so
Definitely. So so first of all, then we are welcome everyone to meridian and
Good place to start is our documentation hub. We have a pretty detailed with a lot of information hub
And it's a good place to start
We also have the meridian marketing machine, which is a YouTube channel that have a bunch of tutorials video tutorials that can guide guide you
through your journey on meridian and
Which which is really helpful in my eyes
Another thing you can do we we are super active on on the telegram groups and also on discord
And so we are welcome everyone to ask the question. We will be happy to guide you on your first steps
and I think it's a really good move to learn this mechanism early on and leverage it to
To make some gain and stay stay
Safe old in this assets. Yeah, that's that's for me team if you want to add something
Yeah, I think those are the the three points we've got the docks we've got the the YouTube channel and we've also got a telegram space
Think I think team lost connection are you back to him?
Yeah, it looks like sale lost it yeah, but I think that's pretty much the the tricky places to go
With every idea and offer an opportunity we would love to discuss it through
Cool. Cool. Yeah. No, it was very big pleasure to have you guys here. I see you have we have some some listeners
Yes, too. Um, do you guys have questions? So you won't ask the maiden team
If not, if not, don't worry we will wrap it pretty soon
Yeah, don't be shy everyone we will be happy to
yet, also I want to mention that I
Set this AMA to be recorded. So you also can listen to it
Maybe you'll miss the first part. You're also very insightful
So don't worry. We'll be publishing it on our Twitter and I'm sure Marie is going to read tweet as well
so you'll have it also on your sign in case you want to listen to it when you commute or
Thank you very much for having us Luca it's always a pleasure
All right, see I see you Tim is back. Can you hear us? Can you please would you want to speak?
Yeah, you wrote me that is like lagging a bit. So maybe
That's few words Tim. Yeah here pleasure to have you on fuse. Welcome to the fuse if I ecosystem
There's a lot of things we're going to do together and I'm really stoked about it
I know the voltage community is also very happy about your introduction to fuse and what you're bringing and also what you will bring later on
Welcome to fuse. Welcome to the defy ecosystem and for the people that are listening now or later on the recorded version
Go check out meridian's Twitter. I think this is the best option to get the correct link. Don't get scammed, right?
Stay safe get to go through Twitter directly from there
Get their website link and also their documentation and YouTube channel there and that way you can really explore the multiple defy opportunities they have
That's it. I think we can we can now tune out. Thank you. Thank you very much everyone and I'll see you for the next one
Thank you meridian power begins to show