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WILD + Peapods: Volatility Farming for the Wilder Economy
Recorded: Sept. 4, 2025 Duration: 1:08:10Space Recording
Full Transcription
Thank you. you well it's good everyone welcome welcome welcome Just give it a couple more minutes until we have our speakers here up on stage.
Slowly, slowly getting there.
So just bear with us for a couple more minutes and then we'll dive straight into it. awesome awesome awesome how is it going how are you today welcome welcome welcome up on stage
very excited to get you up here introduce you to the wilders i think you know we've had a
very interesting week with wilder world and Peapods coming together. It literally made quite some noise in the space.
So how's it going?
How are you feeling?
Hey, GM, guys, I'm feeling really awesome.
Today's been a really good day.
And I'm like addicted to watching this, the pod and just all the arbitrage is coming through.
It's awesome.
Exactly.
I mean, it has come up literally every meeting in our company as well.
So definitely very, very cool what's been happening so far. Welcome. Yeah. Hey, Nio, how's it going, man? How are you?
Yo, yo. What's up, guys? How's it going?
Richard, good. How are you?
I'm doing good. Just in the trenches grinding.
And just grinding.
Nice, nice, nice.
I think, you know, the no-sleep phase of the market is here.
Everyone is waiting for the second leg up.
And we'll see.
I mean, I saw this one post today.
I don't know.
I think it was from Guava maybe.
I'm not sure.
But, you know, everyone printing red candles while they had a big green one.
So, really, really interesting time right now.
And, yeah, definitely excited to dive deeper into P-Pods and DeFi and why it matters.
We're still waiting for Drew.
Let's have a look where Drew is before we dive in here.
So let's just take another minute here and then we get started.
Let's go. and everyone is probably wondering and he can join whenever and we can flow we can flow
yeah exactly right exactly right You read my mind here.
So welcome, welcome, welcome.
I mean, obviously, Nio, we don't need an introduction from you to the community.
It's great to have you here, but I do want to give the chance for Dell to talk a bit more about,
or just before we dive in, maybe you can just give a quick introduction about yourself, Dell,
what your journey in Web3 has been so far, what you're doing with P-Pots here right now,
so that the wireless have an understanding
of who we have with us here today.
Yeah, yeah.
So I'm Del Lead.
I'm BD with P-Pots Finance.
I've been working with the team now for a year,
but I've been in the Web3 space for five years.
I got my first beginner training wheels
during the last cycle,
and I rode through the entire bear market.
I wanted to actually start working within DeFi and I actually got pretty lucky. I landed a TradFi crypto job,
which then helped me get into DeFi even more. I got to really work in the industry that I love.
So yeah, no, it's been a great ride working with P-PODs now for this year. And my whole goal is
just to kind of spread the word of what we do at Papods, volatility farming and how this can help pretty much any token with
liquidity and any project that wants to seek liquidity.
Awesome.
Awesome.
This is great.
Um, and yeah, I mean, everyone is obviously hard to, and keen to understand
more about Peapods, but before we go there, Drew is with us as well.
Drew, what's going on?
Great to have you back. How are you? Everything's it been? Everything's good, guys. I'm super pumped about this collab.
Two teams I'm very, very bullish on, very excited about, get my hands dirty on both.
So couldn't be more excited about it. I think it just unlocks a ton of opportunity across both
fronts. So just really excited to dig in, help people learn a little bit because there's a lot
to unpack here. And the other major thing that I'm excited about is just like
introducing these two ecosystems to each other, because I think they're cut from similar cloths.
I think that like when the Wilders find out about Peapods, they're going to get very excited. When
I think when Peapods, when the, I call them Peabrains, when the Peab call them pea brains when the pea brains find out about wilder i think they're
going to get very excited so i just think there's a lot of um a lot of interesting overlap we'll find
from these communities and i think this is just the very very tip of the iceberg of how we see
this all going in the future nice and i mean you know we can see this already i think this week
has been super successful if i just look at it. Wild is straight on number two right now of all pods.
But before we go there, let's just discuss what is it?
What is P-PODs? Why does it matter?
What does it mean a DeFi primitive for Wild?
I think a lot of these things get very technical.
I would love for you guys to jump on that.
Maybe, Dell, you just take it away.
And I know, Drew, you're very savvy in these finance,
tech finance related things as well, NIO as well. bit of an uh yeah an overview of what it all is what it all means
and why it matters yeah yeah so people are just kind of like this hybrid DeFi protocol where you
have a lot of different tools to play with we have this system called volatility farming I like to
think of it as like the underlying engine to the system. We also then have leverage and then we have like deflationary mechanics.
But when it comes to like volatility farming and what that is,
it's essentially we are able to capture arbitrage and turn this to yield.
But for those of you who may not know what arbitrage is,
you can think of like an example where you have like bananas in South America
are like a dollar a pound because
it's really cheap to grow them in the tropics but then bananas in the us are maybe three dollars
because you have to transport them and they're more expensive they're harder to come by
so there's this arbitrage where someone can buy bananas in south america import them to the us
and then sell them for three dollars and make that $2 profit. So that's essentially what arbitrage is.
It's a price discrepancy for the same type of asset.
And what we see in crypto all the time
is what we'll see like assets
have multiple different liquidity pools.
They're on exchanges, they're on DEXs,
and there's like a floating price
between all these different pools.
But we have intentionally decided
to capture
that arbitrage for the user,
because previously it's only accessible
by these like really high tech MEV bots,
which are constantly scanning these pools
and finding the opportunities.
And they're the ones doing the trades faster
than humans can.
But Peapods flips the script where we actually put that,
we put that liquidity pool behind this pod, where if a bot wants to arbitrage that pool, they have to pay an entrance fee and an exit fee.
So it completely changes the dynamic. Instead of them taking profits from the pool and just paying tiny fees, now they're actually entering this pod and they have to pay much higher fees to access the same type of yield. And that's the engine we built for Peabots Finance is capturing arbitrage's yield,
turning it for normal people so they don't have to run a bot themselves. And then now we have a
leverage option as well, which we can get more into. Awesome. I hear Neil, I'm like taking notes
as usual doing 25 things at the same time so the multitasking got so now that's great
my keyword sounds like a machine gun that's why i can get a little on the internet
he's also grinding in the 100k tournament at the moment, by the way.
There's so many leaderboards now.
What's interesting is there's like the
zero leaderboard just launched yesterday.
Obviously, there's the
Wilderworld leaderboard in the tournament.
And now there's the Peapods leaderboard.
We're just climbing leaderboards around here, basically.
We're just
climbing leaderboards around here, basically.
Del, this was a great bit of context of how that works.
I'd love to understand, I think we had a few questions that I saw on X beforehand,
the way that people can actually participate in that.
So when you say that there is a fees being charged for entering and for exiting the, like how is the emission being created? How do you've been created if I'm
a user now? Can you just run us through that for all of those who are interested in actually doing
this in that we get the full picture of how to participate in that ecosystem?
Yeah. And one of our core principles is we are entirely without inflation and without emissions.
So wild, for example, has no need to send us wild tokens to incentivize this pool.
The pool is a self-incentivizing pool, essentially because we're catching those arbitrages.
As for how a user can get started and access strategies, there's three different things
a user can do.
The first and easiest, lowest risk is wrap your wild tokens to p long wild and
it's like staking you just hold p long wild you don't have to provide liquidity and you're going
to earn an interest rate i believe right now the interest rate to hold p long wild is around like
20 or 27 and you're earning more wild tokens passively without needing to provide liquidity
And you're earning more wild tokens passively without needing to provide liquidity.
I'm going to quickly confirm that.
Actually, it's 19%.
So 19% to just hold P-Long Wild.
If you then decide to go...
Oh, yeah, go ahead.
Can you explain just structurally...
Okay, I just want to say one thing here is that this is a...
So we're very excited about this.
I spent several months researching it. And and obviously Drew and his team have been looking
at it and using it.
And I've spent a lot of time looking at the system architecture and all that sort of stuff.
But I do want to disclose up front, there are like risks to this system.
So there's, and I want everybody to be aware of that, that it's kind of a separate system.
And I want everybody to be aware of that, that it's kind of a separate system.
So there's smart contract risk.
There's Oracle risk.
There's possibly leverage risk.
Liquidation risk as well.
Liquidation risk.
And that doesn't mean that we're not bullish or excited about using the system. But whenever you see, whenever you see like 20% in any financial market, if you want to be sophisticated, you actually need to understand why that 20% exists.
And if there's no risk, then there's no return, basically.
So I just want to say that to the wilder communities, the wilder community, because I don't want people to do something or do something by accident or make a mistake or god forbid something happens with
keypods like you need to manage your your risk and i just want to say as representing wilder
with the community with this kind of the first system that we're working on but defy system but
it is still experimental and defy and it is in beta and all those of those types of things so
because i know that i know that this is going to be an exciting spaces and we're going to get
excited about all the possibilities and all these different things.
And we want to get excited, but we also want to know what the risks are.
And I just want to disclose those up front.
And over time, as the system becomes more stable, we can become more confident.
But each person is responsible for any decision
they make. And we're, we don't control the smart contracts. We don't control the oracles. We don't
control any of these things. It's a fully third, third party system. And so with that disclaimer,
you know, we can kind of continue and, and, and get excited about the possibilities now.
Yeah. Awesome. I mean, well said.
When it comes to the staking,
the first part that I mentioned,
it is the lowest risk option on our site,
and that's just holding P long wild.
You're not facing any liquidation risk or Oracle risk.
We've been around since 2023,
and our very first V1 of our protocol
was this wrapping your token to the P token derivative. And that
actual smart contract structure hasn't had an exploit, thankfully. And we've done multiple
rounds of audits. I believe we've done five rounds of audits on across our LVF, which is our leverage
side and also the underlying pod side. So it is the lowest risk on our side without liquidation.
Del, if I'm not mistaken, the auditor actually ended up investing.
Is that correct?
I saw them post about that once.
Yeah, it was Peshav.
The leader of Peshav, his name is Peshav, but they're called Peshav Audit Group.
They're one of our top auditors for the leverage side of our protocol.
And yeah, they ended up buying a bag and posting a thread about P's, which was pretty cool to see.
And yeah, they ended up buying a bag
and posting a thread about peas,
which was pretty cool to see.
But realistically, we wanted to get the stamp of approval
and get any bugs fixed
before we brought this product to market.
And also for the reason why we have that beta label
is because we're still working out the UI.
We want to make a user experience
that's really smooth for people.
And we're constantly taking feedback.
So we have that feedback channel.
If you guys have any ideas, we're open to hearing what you what you want to see out
of the protocol um but in terms of like the contractual level everything is working as intended
so this is this is pretty cool and i mean you know we're talking about the potential maybe you can
run us through a little bit about what the implications are for tokens,
specifically for tokens like ours, for example.
I mean, Drew, that's probably also an interesting question for you.
You understand potentials in the bigger picture really well.
So why is that something that is relevant for a project of our size, for example?
Yeah, and also just the – that's a great question.
And the way that it has been useful that I've started to think about it.
And I know you guys have some posts about it.
This is like, you can think of like a lot of projects bootstrapped their liquidity through
like liquidity, like Wilder World has had LP mining, right?
And we've had single-sided liquidity mining.
And so maybe compare it to what people would know
because people on this space have used our liquidity,
and we've pulled those rewards down over time
because they've been inflationary to circulating supply
and they create cell pressure, right?
So this is sort of an alternative.
There's other risks, but there's other benefits.
I'll tell you about how I've been kind of approaching it.
So I kind of take my own journey through the product.
And I've learned, I've lost, I've gained, I've experimented, I've tested.
So let me kind of give you how I view this and why I'm excited about it.
So let me kind of give you how I view this and why I'm excited about it.
So there's a few components.
So there's a few components.
The first thing is that, listen, everyone, I think if there were two core metas in the current market right now that I think are probably the most bullish metas to be looking for and investing in, and people are really spending a lot of time around, I think they're revenue and value accrual back to the token.
So how does that revenue accrue value back to the token?
And the second one is once you're holding that token, how can you generate yield?
So let's start there.
Those are two core components.
I think those are two of the pillars of why I'm excited about what's happening with Peapods here.
Second thing is I'm always looking at every project of token that I work with or that I invest in or that I'm
part of is like, how are they constantly creating utility, not just inside of their own economy,
because we all know that the retail market and the consumer market is still very, very early.
So those flywheels we create inside of their own economies are still in the earliest infancy. We're
not going to see those flywheels take full effect until we see that next
wave of consumer adoption and the application layer start to take off, which I have no doubt
will come. But that's what we're still waiting on for the true application layer flywheels to kick
off. So the next question you have to ask yourself is, okay, well then how do we trigger those fly
wheels and create more demand and create more supply crunch on the token? And a lot of that
is by looking outside of your own network and exploring the DeFi economy. And how do you leverage the DeFi economy to create
new value for your holders, create new utility for your token, create new yield earning opportunities
and revenue generating opportunities, et cetera. So now let's take another step forward. So I say,
okay, I'm going to look at this all through the lens of wild as well.
So I'm a wild holder, which I am, and I want to earn yield just by sitting on my token.
I'm a long-term wild holder, again, which I am, and I want to earn yield. I want to be able to generate revenue while I'm sitting.
It's part of the beauty of the idea of tokenized equity in this world.
When people earn equity in the traditional startup world, we could do nothing with it. In the tokenized world, and tokens as this new up-and-coming
representation of modern equity in my mind, there's a whole new genre of things that we can do to
create value out of the equity we've earned. So let's now say, okay, I want to generate yield.
Now also, I want to generate yield that's not necessarily
creating more inflation to the token. And that was the staking meta. Everyone had to do staking,
and I still believe in that component. But the reality is staking has very clear pros and cons.
First is that, yes, you're going to earn more token, but if that token is then just returned
and dumped back into the market and it's creating more supply, you're almost looking at net neutral,
and oftentimes it can end up being a negative. So I'm not saying that there shouldn't be staking.
I'm saying that everyone should be thinking about all the different ways that you design
your full token economy, and staking could definitely be one of them, but you don't want
a ton of inflation. That's just not a good thing for the token. So how else do we earn yield? And that's what brought
me to Peapods because they've created this new mechanism through leveraged volatility trading
to introduce yield to a token that I'm long and want to sit and just continue to accrue value to. And that is non-inflationary yield.
So that is purely, to me, a net positive from a few different reasons.
One, you're now creating a new utility, which is locking up supply and reducing supply on the market.
Two, you're giving a new reason for demand because now there's a more value and potential in holding that token,
not just the long-term appreciative value or the upside of the token. You're also now benefiting from the profit
that the token can make through yield. So those two components are really big. And you're tying
up more supply and you're creating less. There's a lot you're doing just with the LVF component.
and you're creating less.
There's a lot you're doing just with the LVF component.
Now, I'm a DJ.
I'm a true.
I've lived in this world now for 12 years in crypto.
I am an experimenter.
I'm an early adopter.
I've come accustomed to taking absorbent amounts of risks.
I mean, granted, I can do that on my personal level.
So like as a, as a, as like my personal environment where I learn, I get my hands dirty, I trade,
I want to get, I want to be involved in things. And I know that to learn this space, you have to,
you have to be willing to lose and willing to risk to have, to have big gains in the space.
I mean, that's also, you know, just how this whole economy works. I like it for some of the other
purposes as well. And this is where my use cases have come more into play. So for example, I am
long wild. I am long peas, both of those positions, two of my bigger positions personally.
The way I use pea pods in this scenario is I buy wild or I buy peas. I pod my wild and my peas.
So I will basically collateralize my peas and my wild on each separate pod.
So like my P-long wild pod or my P-long peas pod.
And then I'm starting to earn the leverage volatility yield.
Now, next step is I say, okay, well, great.
Well, I am long this position.
I want to build up the
position. I think the token price is going to appreciate in value. So I will then borrow USDC
against my token, which let's talk about how powerful that is. Because generally,
listen, I've been holding Bitcoin for 12 years. I don't sell Bitcoin. But when I need liquidity,
what I do is I collateralize it on Aave or other platforms like that, and I'll borrow against it.
That's what gives me liquidity. Without having to sell my Bitcoin, I get to stay long and appreciate, and I get to continue to benefit from the appreciation in that value.
But there is no options for, I'll call it the altcoin market.
for, I'll call it the altcoin market,
like outside of the top 10, 50, 100 coins,
whatever it might be,
you can't really collateralize
and borrow your tokens in very many places.
It is far more difficult,
if it's viable at all in most cases.
Well, Peapods enables that.
And from a technical perspective,
I'll leave that to Dell to explain more in detail.
But the fact that we can now collateralize tokens like WILD and
borrow and create liquidity for you to pay bills when you need to pay bills, even though you want
to keep and hold your WILD position. Or in the case that I take it in, I loop, which means what
I'll do is I'll borrow USDC. I'll then go buy more peas or wild on the market,
which ultimately, it's like almost building my own kind of DAT treasury, if you've been hearing
about those digital asset treasuries. I'm basically turning this into my own model of what
Michael Saylor does with Bitcoin. I do this for myself, but with the tokens that I'm very bullish on and
very long on. And the way I do that is I will borrow the USDC from the pot based on the collateral
I originally put in from my original potting of the token. I'll then go back to the market. I'll
buy more of that token, so I'll buy more wild. And then I'll collateralize that wild again so I can continue to reduce my risk of,
because I'm taking now leverage, so I'm borrowing.
So there is risk when you're borrowing capital,
like in any other kind of leverage position,
you want to make sure that you're doing it
at a comfortable liquidation rate.
Because if the price tanks, it would sell your token
to be able to pay back that loan.
Oh, can you hear me guys?
Can you guys hear me?
Yeah,
I can hear you.
You just cut out for like a split moment,
I think.
Okay.
Sorry.
So I'll just to continue there.
I was saying that like,
so the way I approach this is I will borrow the wild.
I will borrow USDC by wild.
Then I'll add that new wild back to my position in the same pod.
So I can create more collateral
and continue to reduce my liquidation price. Now, granted, I have hit liquidation a couple
times in my early experiments. So let me be clear, it's not for the faint of heart. You've
got to experiment. You've got to feel things out. You want to do it in comfort areas.
But when I'm bullish on positions, if I feel like I can protect a position, I have ammo to reduce it if I need be, or I could buy back.
I have some liquid USDC on the side that if I ever needed to buy up some debt on it and reduce my debt to lower my liquidation price, I can do that.
But this is how I'm building up a bigger treasury of the token that I'm long on. And what's so cool about that is as the price
appreciates, your liquidation, your LTV rate goes down. So the risk of liquidation goes down.
On top of that, the volatility yield is basically paying down your debt. So ultimately, the ideal
scenario and what I expect to happen or what I envision, because these are positions I'm bullish on, is that over time, I'm going to see my peas price increase, my wild price increase. I'm going
to earn from the volatility. It's going to pay back my debt. And at the end of the day, I'll be
able to remove my position debtless because it'll be paid off over time, or I could just return it
without even have to pay back any of it with a much bigger position of peas or wild than I started with.
And that's kind of how I'm taking the approach on the leverage side.
And I think that's a really exciting thing because a lot of us don't have that opportunity with these types of tokens.
And, you know, again, it's risky.
You know, there's times when you're going to get hit and there's times when you're going to lose.
You've got to be on top of it.
You've got to be smart about it.
But that's how I've been building out my personal kind of like treasury strategy.
And I think because of this, we're going to see a lot of other treasuries, like full, real treasuries like Wild, which is how things like Wild is able to do with these types and why their pod is able to increase, to be very strategic about what they can do with their own treasuries and utilize those to be able
to create liquidity, to be able to invest in other areas, to be able to buy up their tokens when it
dips, to be able to accrue more value to holders. And you're able to do that in really unique ways.
One other thing I will mention is the USDC component. So there are a lot of people that are
more liquid on the USDC side. Maybe they're not as big of investors in token side, or even if they are, the other alternative is being able to lend to these pods.
And the APYs to lend USDC is another massive, massive upside opportunity because as these pods become more and more demand,
where people are borrowing and borrowing from the pods and want to collateralize more and there's not enough USDC in there,
the APYs increase like crazy. Because there's more and more need for liquidity for those pods
and USDC for those pods. So by being a pod lender, that offers another whole suite of revenue streams
and opportunities, et cetera. So I think I'm also, you know, I'm scratching the surface and leaving this alone in terms of like some of the core capabilities.
But the other side of this is also what can we do on top of Peapods and how that can power some of the other really exciting things that could happen inside of Wilder.
And I'll save that for later.
But anyway, that was my story.
Thank you, man.
You're super excited.
I can tell you're a full pea brain now. That was actually really funny, but was my story. Thank you, man. You're super excited.
I can tell you're a full pea brain now.
That was actually really funny, but that's awesome.
Thank you very much, Drew.
So he basically gave the whole rundown of how a user can use this.
I want to actually talk more about the risk and sort of a little bit of the technicals here as well.
So I did mention earlier, you can just wrap to P-Long Wild and you're holding that token. You're earning a staking yield, essentially. You're not going to see the
token multiply in your wallet. But what happens is when you go to unwrap P-Long Wild, you get more
wild tokens back. But you have to be in the pod long enough to earn that pod CBR rate is what we
call it. So you can track it on the website.
But when it comes to step two, you can provide normal liquidity. You don't have to take leverage.
There's no liquidation risk. There's also no Oracle risk just providing normal liquidity.
But what's nice is this is normal liquidity that you're earning a boosted rate, a boosted rate
that doesn't cost the wild team emissions. And early on, Drew had mentioned about this
structure where a lot of teams give out emissions. We call that mercenary liquidity. And it's
basically when the liquidity providers are only willing to give you their capital, give you their
attention as you're willing to bleed out your token because you have to just give out your
token for free. Obviously, they take that token and they sell it.
They sell it back as their profit.
But that's mercenary capital, mercenary liquidity.
And what we do now is because we're capturing the arbitrage,
we can just pay that to the liquidity providers.
The liquidity providers don't have to receive emissions
or inflation to stay around.
They're getting a booster rate
because arbitrage is being captured in the backend.
So that's also really nice. You do have the option to provide normal liquidity between
P-Long Wild, USDC, no liquidation risk. Then if you want to reduce impermanent loss, also lever up
earn higher yield, you can provide liquidity on leverage. And our site defaults when you're making
a deposit, it'll default to 2x leverage. So you put up ten thousand dollars of wild for example and then you borrow
ten thousand dollars of usdc now you have this twenty thousand dollar liquidity pool that's
earning in the background even if that pool is only earning ten percent on twenty thousand that's
two thousand dollars of yield you really only deposited ten thousand dollars and you earn two
thousand of yield so it's like you're earning twenty percent and that's how2,000 of yield, you really only deposited $10,000 and you earn $2,000 of yield. So it's
like you're earning 20% and that's how the leverage rate works. When it comes to actually
like how do you take a loan against, Drew mentioned like there's ways for you to collateralize your
wild to then pay off bills. You have to then slide the leverage bar. There's a adjust leverage button.
You slide that above 2x and it'll start sending USDC to your wallet.
And you can do what you want with that.
So max leverage is 2.33X.
And this is basically
where you're putting up 10,000 of wild.
You then borrow 13,300 of USDC.
10,000 of that USDC is creating the pool
with the other 10,000 of wild.
So you still have that 20,000 liquidity pool.
But then the 3,300 excess, that's sent to the user's wallet and they're able to then convert
it out, pay off bills or buy wild and then loop, or you do whatever you'd like with it. You can
actually then lend that amount back to the pod. Cause I think the wild pod is paying like 40%
APY. So there's a lot of options you have there. As for 2.33x, your liquidation risk starts at
minus 36%. So please keep that in mind. It's in our docs. We have a leverage rate chart
where you can quickly see if I take this leverage, what's the liquidation risk?
So 2.33x without looping starts at minus 36%. If you then buy that wild token again and then
redeposit into the pod as liquidity, it'll bring it down to about minus 36%. If you then buy that wild token again, and then redeposit into the pod as liquidity,
it'll bring it down to about minus 45%. If you decide to only do 2X, you're borrowing one-to-one
against your asset. You actually have a minus 64% range. And that's why we call this a technology
safe leverage, because even with like Aave, for example, you put up a 10 grand, the most you can borrow is 7,700.
And liquidation starts at 7,800 in terms of the debt value. So 78% LTV. So it's a lot tighter
when it comes to normal protocols like Aave, but with us, because that liquidity pool is generating,
the loan is also held in the liquidity pool as well. We are able to afford you a much wider liquidation range.
So minus 64% before liquidation at 2X.
Last thing I'll say here for the technicals is for any projects or anyone who has like a larger stack and you want it to be as safe as possible but still get leverage,
I like to personally do around 1.66X where you actually put up 10 grand of wild you put up around 3400 of
usdc and then you borrow um the other portion so that'd be around so let's say yeah you put up 4
000 of usdc and then you borrow 6 000 of usdc now you have the 10 000 of usdc to pair with the other
10 000 of wild you create the 20,000 pool. But what's nice is
your liquidation range is minus 84%. So WOD would have to drop a minus 84% for you to get liquidated.
And you still ended up borrowing 6,000 USDC, which helps you earn that boosted rate.
So yeah, I think we should definitely also just like talk more in terms of like if, yeah.
Yeah. One thing I will say as well is, again, not financial advice,
but obviously where you would take out a position
is absolutely critical to the overall market.
Wild could drop 80% in a day easily, right?
That's just the reality of these low volatility markets.
And, you know, wild just went to 55 cents and it came back down to 20 cents.
And, you know, like it's extremely volatile token and anything can happen.
And we've been in a relatively, the reality is Bitcoin has performed really well.
Ethereum has been performing well.
So even though alt season hasn't happened, this has been a very good period for crypto. It hasn't been great for alts, but for crypto in general, it's been good. So you imagine if you see like a financial crash or some macro thing happens, like there's more tariffs.
There's just so many tail risks in the economy right now that, yeah, it's just the one thing I'm mentioning is like taking the, if you were to say take a leverage position while wilds at 20 cents, that's obviously very different than taking it when I was at 50 cents, right?
Like those are just completely different risk profiles. So I think that's another deep, deep consideration in addition to like your liquidation rate
yeah i fully agree levering up on the bottoms is like preferable yeah the other thing that
is interesting is um so i'll just maybe talk high level but one of the things that's interesting about this to me, and specifically,
so there's two reasons. So, and we're kind of like tiptoeing our way in. So the first thing
that's interesting is we've long needed to like reduce our wild emissions. Like that has created
a lot of cell pressure over the years, but it also
was a way for us to reward our community through the bear market. So it was a way to say, hey,
the price has gone down substantially during the bear market. The people that are still holding
wild, and we as the founders didn't stake, we could have staked and earned a massive percentage of that pool or our team. Like, we did not stake. Like, that was purely for the community. So we had very high APYs on the staking pool. And that was helpful to, like, kind of, you know, hook everybody else up while we were going through that difficult time. But long term, we knew it was never a sustainable strategy. And we've obviously slowly began to
reduce the emissions. And now we're, you know, we're working on like catnip and the airdrop
system and peapods. And basically what we're working to do is create utility for wild for
for wild for that other things that you can do with it to make the capital productive,
that other things that you can do with it to make the capital productive, essentially,
essentially, that are more sustainable.
So that's the first point that's interesting from my perspective is that from what I understand,
and maybe you can give a little bit more feedback on this, but is the arbitrage is essentially captured by charging a fee, right?
A deposit fee.
So the people that go long on, the people that wrap P. Long Wild or that go into the leveraged LP position, they have to basically pay a wrap and an unwrap fee.
an unwrap fee and that wrap and unwrap fee is kind of like the transportation cost in your
earlier analogy of of like bananas from brazil to to the united states or whatever so you you
charge that you control that rate of inflows not dissimilar to like how a bank would charge
might charge an atm fee or something like that, right? So there's a fee
basically you pay, which the wrappers and the unwrappers bear the cost of, but that can be
kind of amortized over like a longer period of time. And then because you're charging that cost,
the price on the regular markets basically needs to exceed what the wrapper unwrap is.
And then arbitrageurs clip that relatively quickly.
Like I've been looking on chain and the market is like quite efficient.
That's actually helped drive a lot of volume for us as well, which is important.
But can you just kind of, there's some other things I want to talk about in terms of what
I think is interesting about it.
But the first thing that I think is interesting about it is figuring out how can the wild economy move
from what you're calling a mercenary capital
to really more of a sustainable strategy.
But it really is like banking at the end of the day, right?
You're providing...
That's the key.
I think this is the beginning of the foundation
of the wild banking system.
Yeah, and zero as well.
Exactly, exactly. That kind of gets into my second point.
But like, if you can, like, I remember once you could start to like borrow against Ethereum and borrow against Bitcoin.
And that was insane because it just felt like the craziest thing at the time.
But you were like, well, I'm long Ethereum.
Like, I don't want to sell my Ethereum.
I don't want to sell my Bitcoin, i don't want to sell my bitcoin but i need to do whatever right that there is all these tail risks
but now the tail risks it's like going to be very normal soon for people to be getting like bitcoin
mortgages and like that's just normal you know what i mean like why would you go sell your bitcoin
to put a down payment on a house when you can accumulate Bitcoin, borrow against your Bitcoin? Obviously, you have to manage your liquidation risk, but it's way smarter buying into a deflationary asset like Bitcoin and then buying, you know what I mean?
And then buying a depreciating asset, which is like a house is actually will appreciate over time, but it's not really appreciating that much outside of the cost of inflation or the cost of maintenance and all these types of things.
Like your own house is kind of a liability more so than
an asset um if you're not investing in real estate it's sort of a liability so um then
then all i'm saying is that's now normal and that took however many years but what i'm excited
about for zero and wild is like this is like an initial experiment where hey in five or ten years
we could have a really robust banking system where all the activity that's happening inside the
metaverse there is capital to go do things there's capital it's like hey if you want to build a
building if you want to build a business inside of wilder world or you want to launch an app on
zero or or whatever the case may be there is this sort of um we can tap into capital markets which
is part of what
we're doing with Cypher on the traditional side.
And this is more tapping into crypto degen liquidity, which is also cool because it also
like one of our strategies here is we're now getting listed on DeFi Llama and, you know,
the yields of the pod are showing there and people are finding out about Wild through
all these other aggregators and so part of i i just watched this thread um and somebody was saying like hey crypto
is a four trillion dollar market there's 300 billion dollars in stable coins so as much as
we want to like break outside of crypto and we want to go you know bring people from youtube and
bring people from all these other platforms there is a lot of liquidity just sitting in crypto that we could bring into wilder world
that is doesn't know about wilder world and a lot of crypto is actually defy and and it's defy
protocols right so i'm very interested in like how do we make wild people are like oh they look at
wild and they're like oh well it's a gaming
token it's like no it's not a gaming token it's a it's an everything token like we're literally
building a you know we're building a new an economy a virtual economy right it's no different
than a blockchain or whatever yeah there's avatars on top and there's this game that's
being built on top but it's no different than ethereum in the early days or bitcoin in the
early days it's a very very similar thesis it's just's just sort of like, you know, it's sort of different.
But people put us into a gaming token and they think we're just a gaming token
and then we kind of get slept on.
So I think if we can establish Wilderworld as like a DeFi giant
and start to network into all these DeFi protocols,
that that's really powerful.
Yeah, Neo, and just to add to that quickly,
like I was pitching Neo on an idea yesterday.
Like I'd love to build inside of Wilderworld
basically like an ATM machine
that people can walk up to in their avatar.
And like, there's basically four buttons.
It's you can deposit Wild
and you can earn yield from P-Pods.
You can borrow USDC right from the pat the atm machine
powered by p pods you can lend usdc so you could deposit usdc and earn yield or you can buy or you
can loop the whole thing and buy um and buy more wild and collateralize it so like if there was a
four button atm machine that people can walk up to completely powered by the rails of key pods that can then facilitate more in-game economy.
To me, that is so, so interesting.
And another revenue stream for wild, another revenue stream for the pod.
So like, I think what we'll start to see is people really building.
And I think I could, I could really see this being like the first step of it
being embedded into the zero experience and being, and,
and seeing the zero banking app starting to come to life simply by this whole model powered by
p pods and powering the specific like i'd love to see a pod for each wild token
and that would create new liquidity opportunities for all the tokens within the wild economy
that would actually be so massive.
Yeah, each token would definitely get deeper liquidity and better trades.
And I actually wanted to quickly touch on the technicals for the fees and why they're there.
Because the only way we're able to monopolize on this arbitrage and convert that to yield
for the users is by fully taxing the conversion rate from wild to P-Long Wild.
But also if there wasn't that fee there,
this would allow people to wrap in with no fee
and then completely earn that 19% rate I mentioned
just holding P-Long Wild.
So that's free yield for them.
There's no cost.
They're also not taking any liquidation or leverage risk.
So it's not actually beneficial for the LP providers who are actually putting in
the work to make the pod generate the deflationary yield that,
that people on wild receives.
So that's why there is that.
Where does the 19% can you just break?
And that's what you're calling.
That's the CBR,
right?
Yeah.
CBR APY.
So how that works is.
Can you break down just exactly how that's calculated and why that exists and what the risks are as to like why it's 19% and not 5% or...
Yeah, so it's only so high right now because of how much actual yield has been being produced.
But in the actual workflow, let's say the actual liquidity pool...
But you would say it's productive, like It's productive yield, it's not emissions.
So is it via arbitrage that that 19% is happening?
Yeah.
So when that arbitrage bot comes through and pays the taxes, the buy and sell, the wrap and unwrap tax,
let's say they pay $100 in taxes to access an opportunity.
The price on one exchange is X and the price on Y exchange.
The price on one exchange is X and the price on Y exchange.
And this is how, you know, this basically just,
you've indirectly created an arbitrage bot sort of,
and then the capital is basically being routed back
to the liquidity providers there, right?
Yeah, yeah.
I actually like to think of it as like an arbitrage auction house
because we're like letting the bots look at this opportunity and they decide if it's worth paying the taxes yeah um but
yeah let's say let's say wild is um going down in value and the pod it hasn't repriced yet so what
a bot would do is they would buy wild and that goes through the main lp they'll then wrap wild
to peel on wild they'll pay the quarter of a'll then wrap wild to peel on wild to pay the quarter of a
percent then they'll sell peel on wild through its specific lp and get the the usdc token but when
they sell there's also a sell tax so the bot ends up paying two fees they pay the wrap and the cell
whenever wild is dumping whenever wild is pumping they pay the buy fee and the unwrap fee. So they work in tandem. The
bot can never complete an arbitrage without paying two fees. Users, however, only pay the entrance fee
and they have the option to exit by cooling down and not paying an unwrap fee. You can actually
bypass the unwrap fee. But to continue on why that yield even ends up going to P-Long Wild as
a deflationary asset, let's say that $100 is generated from arbitrage taxes.
P-Wild or P-Long Wild has it set where 15% of all the yield earn.
That's generated in Wild, right?
So you deposit 1,000 Wild and then it charges you 0.25% in Wild, essentially, right?
Yeah, and the bots are also moving Wild in and out. So they're also paying in wild as well.
So yeah, they'll pay in wild, but let's say it's a hundred dollars of wild.
15% of that wild tokens are, are converted to P-Long wild and the P-Long wild is burned.
So that's already 15% of all the yield this LP is producing is burning the P-Long wild token.
That in effect makes the P the p long wild token go up
in terms of wild price um the way you could think about it is the vault has more wild because p long
wild the receipt token is being burned so there's less p long wild yeah so it's remaining wild in
the vault it doesn't get emitted that fee doesn't get emitted it gets deflated from p long wild right part of the fee
15 of the taxes collected so i like to do the hundred dollar example because let's we see the
pot has earned 55 000 of yield so 15 has already gone towards burning the p long wild token the
remaining 85 will go towards the pod LPers, the guys that are actually
providing liquidity. So it's like the liquidity providers are sharing some of the yield to the
passive stakers, but keep in mind that liquidity providers still hold their own token, which is
P-Long Wild. So they get back the deflationary yield, their tokens going up inside of the LP.
But it's also nice to allow stakers essentially
speculate on what the volatility will be of wild because as there's more volatility more arbitrages
you end up burning more more wild to or people on wild tokens and it makes the exchange rate go up
and that apy go up and in terms of the difference of the exchange rate and the apy the apy tells you
how fast the exchange rate's increasing but so you guys know the exchange rate and the APY, the APY tells you how fast the exchange
rates increasing. But so you guys know the exchange rate can never go negative and the exchange rate
can never reverse. So once that burned happens, it's permanent. There's permanently more wild
tokens locked into the vault for people to redeem later if they wish. And that's an up only exchange
rate. So in case you have any questions, ahead neo yeah no that makes sense it's um
and yeah everyone this is super hard to understand and like if you don't understand it then
my thing is i grilled read the docs i grilled these guys for like you know weeks months like
before putting any capital in myself so So I like to try and understand things
like as deep as possible before I,
and I still don't have a full understanding of it.
So my thing is always like,
if you don't understand something, you shouldn't do it.
But my recommendation is to actually,
this is a great learning opportunity
because even if you're not gonna say take risk
or use the protocol,
it's a great mental exercise to learn more about finance learn more about investing and learn more about capital
markets protocols essentially um and to do do your homework essentially um but i think i you know one
thing i would add that though is like we're seeing products like Hyperliquid, for example.
Hyperliquid is probably the hottest product right now in the market.
And I think it's one of the better tools that's really teaching people a lot about leverage and volatility and liquidation prices.
So I think we're entering into a phase where we're going to see-
And prediction markets too, yeah.
Yeah. And prediction markets. I think we're going to enter a phase where,
although people seem to, this is still foreign stuff, but listen, I still have trouble understanding
the options market, but the way that we're in the traditional finance world, but the way that
we're starting to see things in the crypto world right now, user experiences are starting to develop to create
a simplified version of products that were formerly more complex and also are educating
users. I think we're entering into a phase where the general crypto user is going to be a far more
sophisticated investor and trader simply because of experiences and experimentation.
Yeah, like you do learn from, yeah, that's a good point. Like you do most of the stuff,
I've learned the most in crypto through losing like massive amounts of money, basically,
like just getting completely wrecked. And then you just learn that over. And I think that's
probably- Yeah, you have to be willing to lose in this month.
But most people, I think everybody in their first cycle does get wrecked.
And then most people just leave.
And then the people that stay actually over five years or longer.
I think there's this whole misconception in crypto that it's a place where you can get rich quick.
And it's just like so far.
So it's really just not the case.
You can do really well over a really long period of time.
But you have to really
stomach a lot of ups and you know ups and downs and and all of this tech that's like new and
emerging but yeah the other side of the argument like to more on your point is like if you can be
early to something when there is risk and that is another thing that i'm that's excited about people
it's like like i wish i would have taken okay to like kind
of give the counterpoint of like my own my own earlier argument is one of my big lessons in
crypto was actually to take more risk and like should have taken more risk early on and you do
hear this from lots of investors right because it's like I think I saw Brian Armstrong thing
today where he said like anybody that's left after a bear market, that's been the wrong decision 100% of the time.
Right? Like, that's just anybody that's gotten wrecked in crypto and left, it's been the wrong
decision to leave 100% of the time. And we probably all know people that, you know what I mean,
came in and got wrecked and then left. And then five years later, they're like, oh,
you know what I mean? um so I do agree with you
and then there is opportunity to be early to these new novel products like yeah it turns out banking
is a very lucrative industry it's probably the most lucrative industry in the entire planet
blank banking and taxes and religion are the are the three are the three money makers like those
are the those are the big big, like industries that,
that power the world essentially. So, so if you can, if there is an opportunity to be part of a
democratized, we already have our religion or our cult, but if there is opportunity to, to be part
of, you know, like understanding how a bank works or being part of like a early banking industry,
that's really, really compelling, but there's like 50,000 ways to get wrecked, basically. So
you just need to kind of balance it with that. But it is very exciting. Like I do see,
I do see Xero eventually becoming like a bank. And there's many things that we're doing in the
product. You see the little debit card that we've added there. We've added Z wallet, we've added all
the cross chain stuff.
We're about to integrate all of the token launching and swaps and trading and all these types of things.
So it's sort of a natural extension to start integrating lending and people being able to do all their finances right in zero.
And then Wilder World, it's like if you think of building this massive virtual world long term, like you need access to capital markets, you need banking infrastructure, not just so we can fund the project.
That's part of it. But I'd say the bigger part of it is so that creators can have access to capital markets and people can start their own businesses and their own opportunities within the ecosystem.
businesses and their own opportunities within the ecosystem. And once we allow other people to
start doing that, that's when I think things will really take off. It's sort of like the old,
it's sort of like if you want to become rich, you have to make other people rich. Like that's just,
you want to make the people around you rich essentially. And that's how you do well yourself.
And a lot of people have the opposite mindset, right? They try to extract for themselves. But in reality,
we want to create an ecosystem where other people prosper. And in order to do that,
you basically need access to capital. And you need to support other people in building.
I don't know about you, but I fucking hate the banks. Like I just,
the banks, I feel like they're evil. Like, you know, you can't, the people that need money or
the people that need capital can't get it. And then whenever people do need, whenever people,
the people that don't need the money do get it. And then whenever they print money,
they basically redistribute all the capital out to the banks in terms of like how capital actually
gets distributed when there is
these huge spending bills and stuff like that. So even though this is new and it is risky and all
that other type of stuff, I'm very excited at the idea of a permissionless bank where you can just
go in and you don't have to, they're not going to ask you what your credit score is. They're not
going to ask you who you are, what you're from, or they're not going to try to evaluate their
business. I remember the first time I ever met with a banker when I was trying to get money for
my first company when I was 18.
The banker sat me down and he goes down this long list and he says, son, your industry
is more risky than bars and clubs or something like that. Like software was at the absolute bottom of the risk.
Like it was the absolute highest risk thing below bars.
And it was just like demoralizing to me
as like a 17 or 18 year old kid
trying to like get $10,000 or something like that, you know?
That was a bit of a tangent, but I think of a funny one.
I love the explanations, guys.
This is actually awesome because there's very few spaces that we have that just like are
actually really well thought out. Like people are putting up their ideas and we're actually able to go on these
tangents because there's so much to talk about in this space like beyond just like wild and people
it's like we are at the cutting edge of technology here so it is awesome to see hey um can you hear
me now yeah yeah hey sorry i got kicked off i was to say two quick things. One, I was a startup founder of a venture-backed startup.
I was declined from mortgages three times.
And I had decent credit, paid my bills.
They asked me, the guy at the banker was, can you get a letter from your VCs to tell me that they'll continue to fund your business to get my mortgage.
And I literally responded to him.
I said to you, can you get a letter from your boss that he'll say he'll never fire you
or continue paying your salary forever?
It was the most ridiculous comment I've ever heard in my life.
It's just a world that they don't understand our ecosystem.
They don't really want to.
The only places I was ever able to get mortgages was actually Silicon valley bank now granted i don't know what that says about silicon valley bank in
that regard because they ended up having they're willing to back lunatics essentially but they're
willing to back the lunatics they've done they've done pretty well except for when they almost blew
up their bank yeah exactly exactly and the other thing i was saying i don't know uh del if you guys
want to do this but maybe open up for a few minutes of questions
so that people can, because I'm assuming...
Yeah, questions would be great.
Questions would be great.
Yeah, just come up to, you know,
request to speak, guys.
Or you can drop it in the telegram.
You can just tell your idea
and you can make your loan request directly to Kel.
Yeah.
He'll evaluate whether you're closer enough to uh yeah yeah feel free to drop questions in like
the telegram or the zero chats yeah we can just if you're too scared to talk some people you know
um yeah then is there any hands up if anybody wants to come up and i guess while we're waiting
on those people to come up just yeah feel free to bring them up as they come. But yeah, I would just say that one other thing here is
I think there's a lot of, I mean, Del,
I don't know if you can share some of the other things
that are coming for Peapods, which would be nice.
Like explaining a little bit about what's,
because again, a lot of the Wilders here
haven't been following closely to the journey of Peapods,
but to talk a little bit about, you know,
PPs and VIPs
and some of the things that are coming, just so they can kind of understand where we're headed as
well. Yeah. So what's really cool is we do have VLPs coming, which is going to be our governance
model. And this is what will govern the MetaVault liquidity. it's basically our social liquidity fund layer um we will allow vlps to vote and direct where that liquidity goes and and that actually will
then create this like governance game dynamic where people are buying vlps to then put liquidity
towards their pod and bring down their interest rates um and that's uh that's further down the
road i imagine that's probably coming out q4 q Q1. But what's closer is PPs lending. And essentially PPs is just a potted version of P's just as P long wild is.
both of those tokens and harvest volatility. And you can do so without leverage if you own both
tokens, or you can then borrow PPs against your assets and create that leverage liquidity pool.
Why you might want to borrow USDC over P's. And one reason is with USDC, since it doesn't move,
it's nice because you're protected in terms of liquidation happening. For example, if you paired with ETH and ETH pumps
and you just borrowed ETH,
you get wrecked because your debt is also mooning.
But with USDC, it doesn't change the value.
But the problem is if wild pumps and USDC stagnant,
you have a lot of impermanent loss.
But what's nice with PEAS though, as like an interground,
you still get this asset that will slowly pump because our token is like
40% in liquidity. So it's not a token that is designed to just moon 10X in one day and liquidate
everything. But it'll have a really nice gradual rise from the buybacks and burns and from also
the VLPs dynamics going on on top. And so yeah, it might be a really cool thing for people to borrow because it'll reduce
some permanent loss in their pair if they're bullish on both assets.
And it also provides volatility.
So you earn if, you know, wild is volatile with USDC, USDC doesn't change.
So you only earn from wild volatility.
But if peas and wild are together, both of those assets can trade correlated or
discorrelated, and it just actually magnifies volatility so more yield is captured. Those were
actually some of my most favorite pods when we were in V2. I only really joined pods that were
paired with P's, but that was in our non-leveraged version. So now that we have leverage, we had to
reshape the contracts and obviously re-enable PPs. And that'll be exciting for peace holders
here who want to lend essentially and earn an additional rate on top of that PPs deflationary
yield. And with the buybacks that you guys are doing right now from the revenue and the revenue
has been blowing up, that also creates more volatility and more value appreciation. So that
also helps the whole scenario. Exactly. Yeah. We started a multi-week buyback. I think it's probably going to go for like a month
or two. And we're buying back around 300,000 of our own token. And this comes from protocol revenue.
And yes, those buybacks are then going towards the VLPs wallet, which is getting accumulated,
but it's not out yet. So once VLPs comes, we'll then stream those rewards to the VLPs holders. But what's
really cool is all of this yield is non-inflationary and everything that's paid to VLPs will be real
yield. Awesome. So I see we do. If Ed, is there any questions, let's have people come up. And if
not, then I say we're at one hour, so we wrap up. Yeah, this has been, raise your hands up.
Thank you so much for this discussion.
This has been amazing, Andrew.
You took away my last question, so I really appreciate that for everyone.
I see one hand's up.
Small raised his hand.
Small just getting you up here right now.
How's it going, buddy?
Howdy, sir?
Hey, guys.
Hey, Small, can you hear us?
Yep.
How are you guys?
Yep, really good.
Excellent.
I guess I have a couple of questions for Neo here.
I guess I have a couple questions for Neo here.
With the talk about staking and being deflationary,
is Wilderworld looking at changing their staking protocol
or how they do staking?
Is it going to be integrated with P-PODs in some way?
And then secondly, you know,
it hinted before there's going to be a big advantage for people that are
staking wild.
If they move their stuff to P-PODs,
is that, would that be an issue with that potential hint?
Yeah, that's actually a really good question.
So initially, so just kind of like the high-level thesis is,
okay, as wild becomes more integrated
into the crypto economy in general,
we want to provide more ways in which wild can be productive that are non-inflationary to wild holders.
So like not just like raw emissions coming onto the market that are getting dumped essentially.
So the idea would be, so in general, we want to have a suite of products and a suite of DeFi partnerships that, you know, are across chains. And you can see,
like, we're starting to launch on lots of different protocols and lots of different
chains and these types of things. So, so that is our, like, the thesis is essentially the more,
the more liquidity and the more accessibility and the more different locations that you can get
wild and the more things you can do with wild, the more beneficial and the more different locations that you can get wild and the
more things you can do with wild the more beneficial that is to the ecosystem so that's like that's kind
of like where we're coming from in terms of the strategy so you can understand and then there's
metropolis which is our own native staking system um and which ties into uh the there's the buyback
revenues there's there's there's sort of like revenue that comes in through packs and items.
And then there's the redistribution of that revenue.
So that's also non-inflationary because it's capital that's coming in to to purchase those
items.
But it more flows into the our own NFT economy, whereas like Peapods flows more into like
the DeFi economy, like it connects into more into like the defy economy like it connects
into ave and all these other types of lending protocols so those are very different risk
profiles and they're very different products and then one is like created by us supported by us
secured by us and another is like through a permissionless third-party protocol
there so so they so that's just a long way of
saying like, they will be separate, but this is also an experiment for us. And as the experiments,
like you could see, if you say, for instance, like look at what Katana is doing with,
or what Polygon is doing with Katana, they're doing a lot of experimentation around productive
yield. And you hear like Mark, the CEO of Polygon, just saying like, hey, it's going to be standard in the future where like
if you have capital on a bridge or whatever, that capital is going to be productive and it's going
to be getting some yield from somewhere. I do think that that makes sense, but there's still
like security risks and stuff like that right now. So the short-term answer is, okay, no,
they're separate and they're different risk profiles and people will have to manage that themselves.
But over time, there may be these more unified systems where some part of the wild metropolis system could integrate into P-pods or something like that.
That's a possibility.
It's not planned or decided or anything.
We're pretty much at the experimentation phase we didn't think that the this pod would you know climb the
leaderboard and get to number two that quickly honestly like we really didn't so it's nice to
see that like there's there's excitement around it and stuff like that we need to see how it goes
over the next like several months like learn more about the risks and stuff like that and then we can decide how we want to integrate it more deeply into like zero wilder
world metropolis like all these things but that's a really good question
great thanks
awesome that's another question i was gonna say there was another question I saw in the Xero chat.
They said, if we ever thought about insuring deposits on lending.
And I was going to say that we actually do have an insurance fund that backstops the
MetaVault.
So if you are lending to our MetaVault on our site, it's allocating currently to the
WildPod along with other pods as well.
And if there is ever a case of like bad debt or something happens, we are building out an insurance
fund using protocol revenue, which will continue to grow to backstop that. So there is that
insurance product that could give you more comfortability. If you do decide to isolated
lend and lend directly to the Wilderer pod there is no insurance and you do
take the risk of um the oracles and and and the liquidation risk as well um but yeah typically
liquidation supposed to happen properly and when that does happen the lenders are protected
but for example if for any reason wild became untradeable and illiquid within a single block
there's no way to liquidate and the lenders would have to split up whatever's left.
Awesome. Well, thanks for clarifying that, Dale.
I think if there are no other questions,
we can probably close it down with seven minutes
or we want to respect the time of the speakers here,
but this has been an absolutely super informing spaces.
Thank you so much for coming out.
And yeah, for the Wilders,
thank you also to you
for coming out and supporting
and you can be sure
that we'll lean a bit more heavier
into the DeFi space
over the upcoming weeks and months.
I think it's a very useful tool
to drive more awareness
and appreciation to the Wild token.
So with that, Del,
thank you so much for coming out.
All the best.
We obviously are going to crush it together over the next weeks and months and super excited for what
you guys have been cooking and um with that yeah i think we can uh we can close the spaces
and um yeah have an awesome day everyone thanks for coming out and i'll see you on the next one
thank you everybody peace Thank you.
Host
Wilder World
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Wilder World
