Hello and welcome to mobby media. I'm Glenn your host today. We've got joining us
I think we've got Sasha on the units network account there. Just do a quick mic check there. Welcome Sasha
Sorry, sorry guys. Yeah. Hi. Hi glam. Hello guys. Thank you for having me
Thanks for coming Sasha. We'll jump into units network shortly
But first maybe you can tell us a bit about yourself in your background
I've been in blockchain space for almost 10 years by now. So I watched a lot of projects
Maybe the most famous of them is waves
Which was launched in 2016 and that was one of the first old ones
We have launched a lot of things on it and now it's time to actually
Expand our ecosystem and we're launching a network of
Which is called units and
It's not a singular net or a net and it's the network of different chains
Layer one level in trust this way and in about three months
We're gonna launch the first of them the first unit which will be called unit zero
And I'm here to discuss why we're launching it and why
We actually shoot and can be successful
Okay, thanks for the introduction Sasha. So yeah, maybe we can start there
Can you tell us what's the idea behind launching units network and how all the team?
Make it a successful project. Yeah. Thank you
Basically, I think that it's very important now for a lot of applications or projects to have their own chain
because public chains can fit everyone due to scalability issues and
Some the amps or some applications
Need their own chain due to different reasons actually not because of scalability problems
so it's very important to provide a very simple way for
Basically for everyone to launch their own chain for any type of business it doesn't have to be DeFi for example
For the RWA narrative is a really big now and they do require their own chains
I think and some chains are launching
especially for this market, so
Sometimes it's pretty hard to launch your own chain because there is a lot of like
Problems involved and technical issues and maybe not everyone understands
for example, how is your knowledge proofs work and
our goal is to provide a very simple way for anyone to launch their own chain and
What can we offer to those who want to do so?
Basically those chains have to be like properly decentralized. So it doesn't have to be like a couple notes
And in this case, it's not a proper blockchain actually
So those chains have to be based on some
Already existing decent decentralization and some consensus which can be somehow imported
From existing layer one chain basic chain to the to these new
Chains and this is what we're gonna do. We have basically come up with this idea of extended consensus
Restaking are what is happening in serum network and based on this idea
Anyone can launch their own chain
Which is based on economic incentives and consensus of the basis layer chain
Is this something different from?
ZK approach or the mystic incentives approach
I think this is some third way for launching chains connected to layer one chain and
This is the first thing that we offer to those who want to launch to have their own chain economic incentive
The basis layer in decent nation that they can use
But it's not this is not all what else we can offer we can offer bridges liquidity bridges
From the basis layer from the layer one and from external chains and those bridges are integrated into into the ecosystem
So basically all chains that are launching on the units will be able to use them and this is not
Users deposit their liquidity to the new chains
We can offer some kind of restaking under the hood basically
so for example when they deposit serum or stable coins from a serum in serum is taped
natively on a serum chain and
When you used your serum in like in the new chain
As a rep token you still receive that profits from native serum layer
That also applies to stable coins
And what is unique in our approach? We want to expand it to any assets
Basically, so if you deposit some like volatile asset not assume maybe something else
you still can get some EPI because
Basically, we have implemented some kind of like
If you know curve the fight is something like that, but it's interchain basically because you have the same token
If you deposit some volatile token to the ecosystem in different chains
so there is like different wrapped tokens in different chains and
There is some kind of like stable pool implemented which basically rebalances liquidity between different chains
And if you look at curve, there is some API in stable coin pools and here it works the same basically
So you have the same asset in different chains and when they rebalance it between different chains
There is some fees which are basically shared with the liquidity stickers. So basically you want to
To volatile assets and offer like maximum extractable yield
So basically you can stake any asset and potentially you can get a PY
for just passive for just holding for just like some kind of pass PY
And I think the third thing which is important the ecosystem will be fully though based
Because 10% of the inflation of VN0 token will go to the system
Users who hold and lock VN0 will be able to participate in governance and decide
how that 10% should be spent
Offer grants to new projects coming to the ecosystem
To protocols that want to launch on VN0, but also to new chains
So basically when someone wants to launch his or her chain
The DAO decides whether they want to support this and they do they can basically
Offer some incentive in VN0 token to the new chain and in return they can basically receive
This new chain. So the process of launching new chains is fully decentralized and community governed. I think it's very important because
Think it's very important to try and
Do everything in crypto based on decentralized governance. Sometimes we forget about that
But crypt is not only about like launching new tokens. It's mostly about my opinion. It's about proper
interaction of different actors within the system, so everything should be properly decentralized and
This is what I think in my opinion is going to make the system sustainable over the long term
Because there's going to be some like incentives and mechanisms to sustain the ecosystem through
The network DAO. So basically to summarize we can offer a very simple way to launch your own chain
We can offer integrated bridges and basically you want to
Make the system sustainable over the long term through the ecosystem DAO
Okay, so actually you mentioned interchain bridges can you explain in more detail how the trustless interchain bridges work and what makes them secure
against common vulnerabilities found in other bridge solutions
Topic and there is like two kinds of bridges we have and there is like interchain bridges within the ecosystem
and they're like fully trustless because they work on the
The basis chain, so it makes them like fully trustless
Which is like very important
Interchain bridges have this problem
That you can't fully decentralized them
Because you deal with like different cryptography in different chains, so it becomes
a really big technical challenge made like properly decentralized in this case
Interchain bridges between the chains within the ecosystem are fully trustless
External bridges, I think can be made fully trustless just yet
Because you have like different chains you have to interact with and there is like obvious technical challenges
to make it like fully trustless
Of course there is like mechanisms to make it as rough as possible
Actually, yeah, I think in certain cases say in case of like if I am networks
I think we will be able I am not sure about units. I mean like
Crypto in general there is gonna be a way to build fully trusted bridges based on zero knowledge technology
Within a few years now it depends of course on how Ethereum develops and if they can implement zero knowledge proofs
On a layer one with you let level and basically I think it will
Be important for creating
Interaction between different TVM chains so and if I have like if I
Think I should mention that
Zero knowledge proofs will also be integrated because I think it's very important
In my opinion a lot of things can be made without zero knowledge technology right now
Sometimes it makes things much more complicated
And we will offer different ways to launch your own chains
So it will be based on different approaches. So initially we will have this extended consensus approach
And then we will add zero knowledge proofs on top
And extended consensus allows to like decentralize those
Based on zero knowledge, for example
Currently usually you have one sequencer in your chain that basically
It's only only one server that basically
Collects transactions into blocks
And creates zero knowledge proofs
It can actually go down and
There is some problem. Actually if you have a proper setup
Probably you will be able to exit this chain
If its sequencer just disappears, but it's still a problem. So there is some
This approach which involves
Sequencers so actually what you're gonna do with your knowledge and extended consensus is to create some way to
Enable decentralized sequencers. This is like I think more
It should be more clear to
Users who launch who basically use ECU
Enhance what is happening in ECU as well
So we basically our layer one is waves. It's a non-avm chain
But those side chains will be EVM side chains that is compatible with ECU
We will actually make one step further. We will try to
Decentralize this sequencer approach that is
Being used in almost all L2 solutions based on the theorem
Okay, Sasha and you mentioned the liquidity restaking mechanism
I was wondering how does the liquidity restaking for volatile assets function to ensure that it's free from impermanent loss?
And can you provide examples of how pool?
Rebalancing will work across different chains and I think you've also got an offer today for the audience
with regards to enhanced staking options
You deposit some volatile asset into one of the chains
In the network you receive a wrapped token in return
So it might be easy like the phone BNB, for example, whatever
And you get like a staked
When some other user deposits
His BNB to some other chain and gets another version of that wrapped token
Basically have like different wrapped BNB tokens on different chains
But the real BNB remains basically staked
in some smart contract on
smart chain on one and smart chain
And then you have like different wrapped tokens on different chains and you need to make sure that people are actually able to
redeem their wrapped tokens into original BNB
To that end you implement a swap pool
similar to curve pools, for example, because they're essentially stable pools because you have
Like the same token in different versions on different chains
So it means that you have like different BNBs on different chains, which make this pool a stable pool
And to rebalance liquidity between different chains you implement this pool and there is some swap mechanics
Which actually is interest-bearing because there is fees users pay to basically transfer
their BNB from one chain to another chain or to redeem it to buy non-smart chain
So it's just like a stable pool like on curve
charges fees and those fees can be shared with the liquidity stickers
So it's like it's very simple idea. It's like curve but interchange
So and the EPI is not going to be like spectacular
But it's gonna be I think for volatile assets for popular volatile assets
something like around maybe 3% which is not bad for just like holding your
BNB or any other volatile asset in bridges even without
Like and you kind of like staking it in some pools just for holding and get like
Maybe one to three percent if you want, so it's a pretty simple idea
But I don't think it was implemented because people are focusing now mostly on
Ethereum risk taking and unstable coins are mistaken, but that can be actually
extended to any any assets because there is a very simple mechanics of
Swap pools that can be used here
Okay, Sasha I was wondering
What are the biggest challenges units network anticipates and achieving its vision and what structures are in place to overcome these obstacles?
Okay, I think there is like for challenges. I think there's a lot of competition right now
So you have to somehow differentiate
What we will try to do as I said
We will try to create a very simple direct way to launch your own chain and offer some services on top
proper decentralization of the chain
Integrated bridges with like maximum risk taking everything
And there is gonna be this doll which is very important because actually I've been working on dolls
everything on waves is running on
Power protocol we have this doll protocol which governs everything on waves now
We actually never had to move to fully centralization
Because we had some like issues during the bear market and there was issues with funding
So we had to decentralize everything to actually to sustain the ecosystem and it has worked out for us
so I think we were able to overcome those issues because
This internalization has helped us. So I believe in this transition
And then dolls and there is a different approach
That has been working for us pretty well, but nobody else uses it. So it's not like
Your regular doll is something
Different because in our dolls decision makers can be slashed
So if you make bad decisions, you are punished
Basically, so there is some like KPI set at the beginning
And our launch and is this KPI is met all decision makers have been rewarded
You know, like if this KPI is not met
They are being slashed or punished
And I think this is a new approach to dolls, which I would like to implement in unions network
Because people should be like accountable and should be responsible
They will choose the projects that they want to support because 10% of in zero supply will go to the doubt
Treasury and if those projects are successful and they will be rewarded if they're not successful
Probably they will be punished or slashed
Maybe not in the beginning because there is something bootstrapping face
Eventually, this is how it's gonna work. So how we want to
Differentiate ourselves from the competition is a very simple way to launch your own chain
Services some kind of like edit services that we provide
You centralization of those chains based on established consensus extended consensus
Bridges which you can use which you can offer to users and those bridges will allow you to attract
liquidity for mother chains and that liquidity will be like fully restaked and
People will be able users will be able to earn a PY
By just holding they are talking to the bridges and what is like maybe not so
Popular right now, but I think doll approach is very important. You've done properly
Over the long term and basically the system will propel itself. So there's not going to be
Centralized entity, you know, like foundation or anything that should be like responsible for the ecosystem because the community
Governance will be able to propel the ecosystem forward on its own
See Sasha and you mentioned that the
Dow governance is worrying
How does units network plan to engage and grow its community and additionally?
How will the units now ensure transparent and effective governance within the ecosystem?
Yeah, so let me explain about the doll
We are launching first network, which will be called you zero and this is going to be just
A network in the ecosystem, but since it's the first one it will have some special role
It's native token. You need zero will be also used as the governance token of the whole ecosystem
After that move, I think you need zero you'd one will come soon, you know, two and so on and so forth
but even zero will be used to govern the whole ecosystem and
The consistent doll will receive 10% of all you in zero supply
And if you want to participate in governance, you will have to stake your in zero in the doll and decide
The projects the doll should support
And basically there is some incentives for people to do that because projects can basically offer some rewards to the doll
For example, there are tokens. So if I want to launch a new chain
Basically can come to the doll and say guys
I want to launch like a chain for my game fly project because I have a lot of transactions and I want to have my own chain
And we're like a very big gaming company and we're supported by big players. So we're gonna have our
And we want to basically offer it to your community
Basically supporting the chain on the layer one level is existing writers community will support
This chain and also we can basically apply to the doll for some my in zero tokens that can be used to
attract for example more more developers to the new chain
To spend some in zero tokens to support this new chain
the native token of this new chain in return
So I think it's a very process nothing fancy
What all that what do I mean by like doing it properly?
Users and like decision makers should be held accountable for their actions. So they just can't like, you know
Receive some bribe and vote for some like
Bad project to receive some support and disappear because in this case
Their governance power will be slashed. So basically they're the unit zero tokens locked in the doll
Will just disappear. They will be burned
You know, so they will have to think
about making the right decisions
But if they do make right decisions, and if the project is successful, they will be like
Actors who just don't want to participate in governments will be filtered out and only users who are
Able to like world responsibly
Will be acting as governors or the ecosystem
So it's like I think it's a simple idea, but it's strange
But nobody has ever implemented it
But we did implement it and we have like several ecosystem dolls working on this approach
And as I said, it was pretty successful because I think for a year and a half everything always
Runs on this approach and everything is funded for the dolls
So it's like I think currently we have a fully decentralized ecosystem
Which you would like to expand and implement the same approach in the union's network
I was wondering how does units network differentiate itself from other blockchain
Connectivity solutions and ecosystems that are currently available or in development. How are you?
Doing it differently to the competition
Layer two solutions that are
Emerging on the market right now, so we don't use
Optimistic consensus or zero knowledge approach at least at the beginning there is some other way
It's called extended consensus when you somehow
Consensus from the basis layer to all the chains with a launching on top of it
This is something similar to restaking
Something similar to I can layer for example approach
But it's done on like on the native level of layer one
So it's like maybe similar, but it's somehow integrated into
More natively. This is what we are trying to do
it's like we're sticking but it'd be different it'd be different because
You're sticking with some kind of like maybe application on top, but here you have it
Basically integrated into the core of your basis layer
Differentiates us from other projects another nice idea. It might be
Is like it's taking of n assets in the bridges. Not only stable coins are with you
I think that could be pretty interesting
Interested in like maybe even more than other things maybe even more technical things is the doll approach
Rather expand in ecosystem
Decentralized governance, you know, so it should be able this ecosystem should like be able to propel itself
Without for example any VC funds
Centralization because the community incentives should be enough to
And there is going to be some kind of like
Chain of incentives, you know, because people are incentivized to hold you in zero because they can participate in the doll
And decide what projects should receive in zero grants
And those projects will basically reward the users
With their tokens and then people hold their tokens of those new protocols
So they have some new incentives and you basically get this chain of incentives and that should be
Sufficient to ensure that the ecosystem will propel itself without any
you know any centralization in centralized actors and
Yeah, the ecosystem won't disappear because there is some mechanisms integrated into the core
Or the ecosystem that basically offer economic incentives for the system to move forward
Okay, and one of the key factors units network looks for in strategic partners from both the web 2 and web 3
Web 3 and web 2 sectors and how do these partnerships enhance the ecosystem?
Yeah, so basically, I think that my goal here probably is to reach out not to
Defies projects exclusively, you know as many chains do now
But maybe two more real-world projects like RWA and we're talking with some
And I think it's pretty important for them to be able to launch their chains easily, you know, so because
Maybe they're not so technically minded as some defy projects and also maybe zero knowledge technology
Is something that is a bit too sophisticated for them
so if you can offer them some simpler way to have their own chain fast and
This chain is integrated into a larger ecosystem. This is gonna be interesting for them
So maybe our focus is not on defy. Maybe it's more
All like a real-world project such as RWA
Maybe AI I have some ideas about AI and blockchain
Maybe blockchain is not so popular with AI projects just yet
So but the launch tokens, but watching is not really used
a lot in AI space, although there is some projects
Working on it, but I think it's coming because you need some decentralization of AI as well, you know, because those
being used by big corporations now are very centralized and also but you can try and
Decentralized large language models, for example, you can be seen decentralized
Decentralized the creation of neural networks
Won't be sensor at all. I think which is maybe important
Might be quite dangerous, you know, but like it's a tricky question
But I think some level of decentralization is gonna come to AI as well
You know, the technical is pretty hard to implement because it requires a lot of hardware power
Which is actually easier to do when you have all those
Data centers that you control but some attempts to like decentralize AI
Will be happening soon. So it's very interesting
And of course we will have define I think some like pretty well-known protocols will launch on Union zero
Some other projects I think for for DEXIS is quite important to have their own chain
So, let's see how it goes
But my focus would probably be on more like real world projects rather than DeFi
Because everybody is doing DeFi, but I think it's time to
try to use blockchain technology
For some like more real world projects than just DeFi and for example
The low hanging fruit here. So I think we should reach out to the belay community and try to convince them that we have the
Most accessible solution to launch their own chain
which doesn't require a lot of like
You can launch it like in a few days. It's simple accessible and this is what they probably need
Okay, so Sharon I was looking at the launch roadmap I was wondering after the main net
Launch and implementation of key features like interchange bridges and liquidity restaking
What are the next major milestone units networks aims to achieve? I
Think and the next milestone for us after the launch of new zero will be
which I mentioned several times, but it's very important I think and
Also the launch of new chains, so we're launching the third chain
And it's token doubles as the government token
But what is more important is to launch unit one unit two unit three and so on so
We hope to like launch one and you two and subsequent chains
With some pretty well-known projects in different in different
Areas, you know, so it would be cool to launch unit one for AI and you need to for our
RWA real-world assets some like
tokenization of real assets and unit three, maybe it should be some kind of decks very fast decks
And so on and so forth. So after the launch in zero, it's time. It's gonna be
important to launch unit one unit two three properly because it will prove that
the whole model works, you know, so because
The community will decide what change should be launched what change become unit one
For example, the ecosystem doll will decide
That this particular project deserves to like to be at one
So I think it's very important for the whole ecosystem to do it properly because
It will prove that this idea makes sense, you know, so
Let's see what unit one will be. I
We'll start launching new chains
Which a project will launch is unit one
But I'm pretty sure that it's gonna be very interesting
And maybe this launch will be even more important than even zero launch
Think you had an offer today as well on the unit zero
Staking for the audience, you know, how can they get involved and investors and join the community and what's the reward for?
Yeah, basically there is some
Actually participate in a unit zero system right now because we have
Implemented something new here as well. So it's called liquid vesting at least I call it so
So you have probably you probably heard about like liquid staking when you can
But receive some token in return which you can't wait
No, so basically your occupancy is locked somewhere
Substitute token which is tradeable here. We have the same approach actually
Because how you can mine in zero
You have to stake this liquid vesting token, which is called L2 NP
L2 mining power with some note of layer 1 chain
Once you stake it once you've staked it you start receiving you need zero token basically, so
It's pretty simple approach which resembles regular staking
But here you actually use it for
Issuing the supply of unit zero token because you need zero supply at the beginning at launch
Is zero. So basically the mining is starting from scratch from zero
And basically you can trade L2 NP right now
trading activity happening
L2 NP is locked. Some tokens are tradeable. And basically what we're gonna do now
We're gonna launch a big retro draft campaign
like within a couple of weeks
For like expanding our community
If you stake some liquidity in the bridges or you help us test the testnet
Do some transactions on testnet or like do some swaps on the testnet, which is obviously free because the testnet
There is now like a real real fund there. So you will get this L2 NP token staked in your account and
You will you will receive in zero token once the network is launched
So we will distribute the whole supply of unit zero like that
So basically what we do we distribute the whole supply of unit zero to the community through the series of airdrops
To the waves community to external communities, but all the supply will be distributed
So we do talk to some funds about like participating in the project
Their share won't be too significant here because the goal is to make this like project really decentralized and
we don't want this to be a very like short-term project because if you
The general idea to you you probably understood that we are trying to create incentives for this
Really, so this is a planet least so I can guarantee you that this is really what's going to happen
But the whole setup is meant to last
And the current status of the project right now and even start participating in it
If you hold L2MP token, you can already stake it with some of
The notes of like layer one chain and when the network is launching
It's gonna happen in about three months. You will receive
You can zero tokens over some period of time
In some kind of vesting. So this is the idea here
All right, let's open up these spaces to the audience
Let's see. We've got Ramat your other question for Sasha units network. Go ahead
Yeah, thank you clean I have been listening in I have few questions
Okay, I was wondering is a unit zero network being built on the waves platform
Which is a community based set of decentralized open source technologies and what advantage do you think this does?
Bring as compared to developing an independent unit zero network for later solutions
Basically, it's like some kind of extension of current basic system
So it's not something like which is built on top. It's rather an extension because
We use the miners community of the waves network to support the upcoming
In waves network will be able to support like multiple chains
They will be supporting waves and they will be supporting some you
Chains of their choice so they maybe I can choose a couple change they want to support
And they will be able to do that
So basically you can mine in different chains and you can receive incentives from different chains
Basically native tokens of those chains because you receive waves when they were waves minor, but you also can receive
the tokens of new chains that we support so it's pretty interesting because
It will create the incentives for miners for waves miners as well
They will be mining not only waves, which is actually not so bad now in terms of like profitability because APY is around
But they also will be mining new tokens from other
Chains in the ecosystem. This is how it's gonna work. So a waves is not
An EVM chains. It's not compatible with this year
But those new chains will be because it's quite important to
Use EVM right now. So I'm not saying that EVM is the only technology that should
Be used, but it's quite widespread and I don't think it's really important what smart contract language
Platform you use because it's not really that important
Since EVM is quite widespread, we use that. So basically your waves miners will be able to support waves, which is a
Non EVM chain, but at the same time, they will be able to support
Multiple EVM chains. So this is the idea here
Okay, does this also mean that
Units network layers too will only be able to utilize
Waves validator nodes or will these later networks that are new later networks will also have the capability to have their own independent validators
Yes, exactly. So basically waste is somewhere under deep under the hood here, you know, so I
Actually, it's pretty different from other setups
So probably I didn't go into too much detail because it would probably have distracted the audience from the main idea
But layer one chain is somehow under the hood here in layer two chains
Which users are launching just use consensus
the consensus from layer one
to properly decentralize their like own chains, you know, so
We just use existing miners community on waves to support new chains
So when you are a waves miner, you can mine waves token, but also you can mine some
Native tokens of new chains that are launched launched in units
Got it. Okay, considering that anyone can activate a new blockchain or layer two on the units network which are interconnected and
So I was wondering what security measures are in place to prevent any potential malicious layer two
Form may be compromising and the overall security of the units network as these are layer two as connected to the unit zero network
Yeah, basically there is like
Is intended to filter out bad actors is community governance. So new chains will be launched when
Units ecosystem doll approves the launch so it's not gonna
Take long so the voting process will take probably a week or two
And if you are approved by the doll
You are able not only to launch your own chain
But you're able to receive some grants from the doll some
So some actually some funds to bootstrap your ecosystem. So and and this now we will have like security
Specialists and we will have some like board in the doll that will look into the project
closely into like into the project that wants to launch on units and I think the best way to prevent
Malicious actors from abusing the system. So there is gonna be a way to launch
Your own chain even without the doll, but in this case
Like you won't have the same
Features as the users that go through the doll because you definitely won't receive any
Incentives or grants from the doll and it's gonna be
Harder for you to convince
Miners of layer one chain to support your chain. So and there's not gonna be any liquidity bridges, for example
So it's possible and it's possible about through the heart and it doesn't bring you
The launch of the doll does so this is the idea here because I think you can't really
Make sure that there is no bad actors on some like algorithmic level. It's impossible. I think you need to make
a proper decentralized approach to
launches new projects and the more decentralized that this is the more users participate in the governance process
Setup becomes my opinion. So my idea is to make this ecosystem work on
A doll approach and that should be applied to everything including
Safety measures, you know, so if we have good doll participants that are knowledgeable about security issues
I think that will prevent bad actors from penetrating the ecosystem
I understand. Thank you so much for your time. Thank you
Thanks to we've got cancer leave on the other question go ahead
Just have a couple of questions regarding the doll punishments when you said you are going to be making decisions
and I completely understand the fact that acts of irresponsibility needs to be
That may not be and documented
Can appeals be made can the owners of this?
Dals can they make appeals and should there be unjustly voted against
Actually, you should check it out how it works on
On waste currently, so it may be it's not so well-known, but we're gonna make a massive push right now
So there is like those child dolls and there is a bigger doll it's called mother doll
And it has a bigger community. So when there is some issues in child dolls
mother doll can intervene because it has a larger community and somebody can come up with a
Somehow intervene in the governance process in one of the child dolls and a mother doll
Which is I said has a larger community more people more voters can overrule
Anything that has happened in child dolls. That's how it works currently
In our power protocol, maybe you can check it out
And I think we will actually use the same idea for units
So there's gonna be this like mother doll big community
Which will be able to intervene when something goes wrong in the one of the child dolls
This is the idea here because this is some kind of like
Deadlocks in child dolls. You have to have some last resort as you said actually and we implement this through mother doll
Which has more members and it can overrule anything
Which was done or like voted for in child out. So this is the idea here
That's it's it's really impressive the arrangement so just to declare the summary
The mother doll can actually have the final say regarding decision-making, correct? Yeah. Yep. So basically
If you're interested in governance, it's like yeah, you should take a look at power dot that the idea is very simple
So you have a larger community that can intervene at all times. You know, there's a problem
So they see a problem or somebody comes to like the mother doll and says guys look at what's happening in one of the child
Basically, they didn't meet their KPI, but they still want to get the rewards
So let's do something and they appeal to this larger community and there's a technical level because those child dolls are connected to the mother doll
And mother doll has access to their smart contracts in way, you know, so basically yeah, they
Voting which happens in mother doll
Can be enforced in child those on the technical level they can't
Resist, you know, so it's done on a technical level on the smart contract level
so this is the approach here and I think it's time to make it more popular because
In ways that they have been working for two years almost by now
And I don't think anybody else has a setup and for us
It was pretty successful because as I said
Everything on the way is currently around some power doll protocol funding
Grants everything and even ambassador program around around this I
Really appreciate your detailed answer and
Also your pink sweets. I really love it. I don't know if I can save that picture
You guys could actually really use that picture as you know, your banner
I really appreciate the detailed answers to my questions and wish you guys the very best and I hope that
Waves of text is bullish moonward. Thanks again
Answer and next up we've got Venice you had a question for Sasha units network. Go ahead
Yeah, thank you so much and then and Sasha you have been doing great job
I've been listening in and I really enjoyed the presentation so far. Okay. Yeah
I wanted to know that is there any initiative or plan within the units tower to collaborate with?
organizations offering scholarships to universities or college students as a means to attract and
support talented individuals interested in developing projects on the
It's a great idea actually it was my idea to launch some charity in grants program like nonprofit based on power protocol
And this is what we're gonna do. So
Unfortunately, we had some issues which I'm not trying to hide with a bear market
So we had a stable coin project which had issues. So somehow we have to focus on basically making ends meet, you know
And that's why we used this approach to basically fund the development always but we were successful
like not like spectacularly successful, but we were able to fund the projects and
Units network development is almost finished
So we need some time for marketing, but we could launch it like in a week
I think or in a month. So but we need some time for exposure for awareness campaign
So yeah, I think the next step for us when we
Have launched units will be to expand this dollar approach to different areas
including nonprofits, it would be awesome to basically
nonprofit fund to support
So this is what I'm really really interested in so I was trying to launch a couple projects like that
The bear market problems, but I think if everything works out with units
This is gonna be my next goal because I'm more interested to be honest in those types of projects
Rather than in maybe in some more profitable projects because I think that the real
Use case or blushing technology is basically changing the way society works
You know, so it's not about trading tokens
Or like maybe not even about if I it's more about like making
Our life different, you know, so making our social interaction more
Fair just and maybe more streamlined. So I'm very interested in dolls
Everything I'm trying to do is based on
decentralized dolls and I'm gonna try to
prove that you can build anything based on
Decentralized autonomous organization approach
What mechanisms are in place to ensure?
Countability and prevent misuse of funds by grant recipients
I mean, how do you guys plan to monitor project progress and ensure that milestones are met according to the agreed upon time
Yeah, I think there are different approaches. So we tried one
It wasn't fully implemented but we were
Extensively discussing it. There is some guarantors basically, you know
So there is some like community members who can stake some tokens in the doll and if they basically vet for
The projects that receive grants and
If like projects disappear if people just take money and run
get slashed, you know the guarantors users who
Basically vouched for those projects. They are slashed their tokens are taken from them in burn
So this is one of the approaches you can't really make sure that nobody will run away with money, you know
but as you said, it's better to approach this like with milestones, you know to
Distribute grants to a particular project in stages
And if you add this guarantor idea on top, I
Think that it can work out, you know, so
Let's see how it goes. So I'm definitely gonna try to launch something like that because I'm really interested in nonprofit dolls
Even more than in prop for profit dolls because I think that you can really
The rule the rules of the game here, you know there how charities work, you know, so because there is no accountability
There is no transparency and
The approach can change that
Yeah, I really appreciate that and thank you so much for answering my question great question, thank you much
Thanks for all the questions everyone unfortunately running out of time
But maybe if you wanted to do a recap or anything, we didn't touch on today. Yeah, Sasha. Yeah, basically guys, so
Topics were discussed here, but maybe at the end I will try to
Focus your attention on the upcoming
Which is starting in a few weeks
A retro drop dot units dot network website and I will be sharing the
So today I will just share the first digit of the light code. I wish you will be able to use to
Participate in the retro drop campaign
And we're gonna make sure that this retro drop campaign will be successful
So stay tuned. So the first digit of
Because it's gonna be used to participate in using zero launch
So my code is like such of code is code zero
So the first digit of that code is six right now somehow
So there's gonna be five which is more and a retro dot campaign starts like maybe in two or three weeks in a few weeks
Thank you very much Sasha there's lots to dive into here
So we do recommend you check out the website the white paper
And if you've got any questions after the spaces today, you can join the socials for units network and find out more from the team and community
And thanks very much for coming today Sasha. It's been great speaking to you. Thank you. Thank you for having me. Thank you guys. Bye