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Zen Space on X ft. Telos
Recorded: May 3, 2024 Duration: 0:44:49Space Recording
Full Transcription
Hey everybody, just a quick test if I can get hands up just to let me know if you guys
can hear me okay.
I hear you quite well.
Do you hear me well as well?
Yeah, a little muffly in the background.
Are you using a headset or are you on speaker?
I am using a headset.
Gotcha, gotcha.
Yeah, it's a little muffly, but we'll try to make do with it.
Let me try again.
Let me try again.
Give me a second.
Yeah, sounds good.
We'll get started in about one to two minutes, guys.
We're just going to let the room fill up a bit here.
Feel free to share this out on your socials if you want to.
We're going to put this into our Telegram channels as well and try to get as much engagement as
we can.
Let me try again.
Nikki, did you want to give it another test there with your setup?
Give me a second.
Somehow now I'm having a hard time to connect with my headset.
Just give me a quick second.
Oh, okay.
Your audio actually sounds better, whatever you did.
All right.
Yeah.
All right.
Well, it looks like we might have a smaller audience today, but that's totally okay because
this will be recorded.
So no worries there.
Good morning, good afternoon, good evening, everybody, and welcome to another Zen Space
on X.
This one, we're actually going to be featuring our strategic partner, TELUS.
But before we get going on that, we're just going to get Nikki or let Nikki set up her
headset and everything properly.
And just want to highlight our recent release.
So ULDM V3 and ETH gas optimizations are now live.
And that's been at the forefront for everybody that's been paying attention to Unizen for a while
now.
But those are now live and we're already seeing pretty significant improvements in quote returns
and also Ethereum gas costs.
So make sure to check that out, ZCX.com.
You can also download the app at the Google Play Store.
Just look for Unizen in there and you'll find it.
And yeah, lots of updates that we'll talk about or speak to a little later on in the program.
Martin had some things to say on his Twitter account.
So maybe we'll unpack that and chat about it a bit if there is time.
But for now, I would like to introduce everybody to our strategic partner, TELUS.
And we have Nikki, head of business development on with us today.
How are you doing, Nikki?
Oh, good.
Oh, good.
How are you hearing me now?
Is it good?
It's a little bit more muffly than it was before.
There's that period where it was a little better and then now it's kind of back the way
it was.
Okay.
Give me a second.
Just one more second.
Yeah.
That's good, but it's very quiet.
And I can hear myself.
Can you hear me now?
No, no, that's good.
Sure, let me then switch to the back like what it was because I know then what's going on.
All right, don't worry.
Just give me a second, please.
Sure.
I'm just going to mute you for one sec because I can hear myself pretty bad.
But feel free to come back on when you're good to go.
So we announced our partnership with Telus back in March, actually.
So, but, you know, everybody's been so busy.
We haven't been able to do a proper introduction on our ex yet.
So here we are.
We get to speak about the partnership.
Telus is going to become the 10th network to integrate with our ecosystem.
So they actually have a network and we're going to get Nikki to tell us more about that.
Nikki, is your headset working now?
I think yes.
How about, what do you think, guys?
Oh, yeah.
Much better.
Show some love out there if you think it's better, if it's working.
Yeah, fantastic.
Good to hear that.
Thank you so much for hosting us, by the way, today.
Really excited to be here.
Oh, it's my pleasure.
We're happy to be here with you.
And we're also just want to give you guys a huge shout out.
You know, you've introduced us to some new people in the industry.
And we had a great time out in Dubai as well.
So, you know, very excited to be partnered with you guys.
Same, same.
Actually, that's a very, very good point because I met a couple of your colleagues in Dubai.
It was cool, actually.
I think I met Simone, yes.
So it was really cool to see you guys there as well.
And it's really cool that you made it through this flood and made it safe back home as well.
Oh, yeah.
It was really long.
It was like a 30-hour flight for me.
The rest of the guys was, you know, six, eight hours.
But always fun to head over there.
It's very cool.
So what a neat city, hey?
Yeah, true, true, true.
I think it was one of a kind of an experience.
But we made it.
That's the more important thing.
Absolutely.
And it was just, it was buzzing.
Like, it was very cool to see the number of companies that are working, you know, frankly,
working their asses off to build the Web3 industry.
I mean, most of the big ones were there.
And it was absolutely packed, like wall-to-wall.
Like, token 2049 was just incredibly insane, the whole thing.
Totally, totally.
It was a really cool vibe.
Yes, we really had, like, we met tons of partners, existing partners.
We also met, like, tons of other people that we'll be working with.
So it was definitely worth it.
And I think we had a great time.
And also, personally, I met lots of team members in real life.
So it's always good to meet your peers and colleagues in real life, like, especially the ones that you work day-to-day, like, on day-to-day basis.
So it was really cool.
And also, we've met, like, one of our community members, Fadi, also, in real life, which was also cool.
That was to see, like, this community support from our community member was amazing.
Well, that's awesome.
Well, shout-outs to everybody.
And, you know, shout-outs to Mom if she's listening, right?
Yes, if Fadi is here, or if not, like, maybe someone can tag him.
I think his telegram is Solar Fiend or something like that.
So if you could tag him, that would be cool, his handle.
So, yeah, that was really cool to see him as well in real life.
Right on, guys.
And for the Unizen fam, I just want to let you guys know that I will be monitoring questions over in the telegram channel.
So these questions, if you have anything specifically to ask Nikki about TELUS, feel free.
I'll try to make sure that those get put in here.
But first and foremost, Nikki, tell everybody what TELUS is.
Sure.
Thank you so much.
I mean, like, I'm sure people already here know about it, but I'll just, like, give you a brief recap.
So first of all, my name is Nikki.
Like, awesome meeting you.
I'm sure I've met most of you here.
But if we haven't met before, like, super excited to be here.
And thanks for hosting us.
So I've been with TELUS since July 2023.
It's almost a year.
And it passed by really fast.
I can't even believe it.
But, yeah, time in crypto passes by really fast.
So a little bit about TELUS.
So TELUS as a network, it actually stands out compared to most of the other networks.
And because the way also, like, we launched, right?
So TELUS launched in 2018.
It's a delegated proof of stake.
And we launched in a fair launch manner, which means that we airdropped our coins, tokens to the community members.
And essentially, our focus was always to be a community chain.
And the differentiating factor of the chains that, like, for example, in production, that's, like, we also have a study around it.
We can post around 15,200 TPS.
And when it comes to architecture, it's architecting a way to not have a mempool.
So the transactions are processed on a first-in and first-out basis.
What's also cool, like, if you want to do transactions on TELUS and if you want to do a bunch of them and if you want to utilize a bunch of dApps, you won't go broke because the, like, gas fees, they're super low and they're super fixed.
So they're fixed, they don't fluctuate with network volumes, and essentially, they're predictable.
And then in 2021, we did, like, something cool, launched TELUS EVM, which is actually, I think that was kind of a trend back then, right, the EVM chains, because you see that there's tons of developers or builders building on EVM chains.
And we actually wanted to capture that audience as well.
And essentially, like, yeah, we'll launch it in 2021.
And most of our ecosystem growth is focused around, actually, like, growth of EVM chain, growth and adoption of TELUS EVM.
And we're onboarding, like, a bunch of DeFi dApps, gaming dApps, like my colleagues in the gaming department, they're doing an awesome job there.
So they're bringing on daily basis kind of, like, new partnerships and new games, which is awesome to see.
And, yeah, and as a matter of fact, we're also having, like, a bunch of other products coming, like, into play.
And I think, like, lots of people that attended Token 2049, they saw us clearly, like, advertising Snarkter, which is, like, a decentralized protocol for scaling snarks.
But I will give an overview of it maybe a little bit later down the line when we, like, get more deeper into the discussion.
Thank you so much.
Amazing.
And so you mentioned that you guys are community-centric.
And, you know, it sounds to me like you've got to focus on gaming.
What sort of games are going to be built?
And how will TELUS Network be used to facilitate the operation of these games?
Sure.
So generally speaking, we're not, like, okay, we're somehow gaming-centric.
I agree.
But also, like, it's not just our sole focus.
So first of all, let's start with the community part because it's in our DNA.
So, like, basically, like, we're community-centric because, like, we're a community-driven chain, right?
So we do have our governance on chain.
And community, we do, generally speaking, believes that plays an important role when it comes to this space.
And essentially, our aim is to grow the community, make sure that their voices are heard.
We're also working on various, now, initiatives to strengthen the community and to bring various community members into our, like, ecosystem or into, like, yeah, our, like, into TELUS.
So, and get people interested more about TELUS.
And essentially, we're also trying to do some other regional, like, initiatives as well.
But that's what we're building and what we're going to bring.
But generally speaking, from its inception, like, TELUS was, like, a community-centric chain.
And because, like, we never had an ICO.
We've never been, like, funded by big VCs.
So we were essentially supported from day one by our community.
And we're greatly, we're truly thankful for that.
Really appreciate their support.
I don't think that we could have been where we are today without their support.
They have done an amazing job.
And I'm really, we're really happy that, like, they keep on doing this job.
They really keep on pushing us.
Like, they are also hold us accountable, which is a great thing.
And I, like, you really see, like, basically how kind of engaged our community is.
This is basically super amazing.
And regarding the verticals that we're focused on, we're actually not just focused solely on gaming.
We're also focused on, like, DeFi, for example.
Those are the two main verticals that we are actually following.
So essentially we started, like, really our strong focus on DeFi, I would say, in summer of 2023.
We were a little bit unlucky there because we had the issue with the multi-chain hacks.
We were impacted by that, unfortunately.
But then, like, yeah, thanks to our amazing team, like, hardworking team, we didn't give up.
We basically thought, like, okay, what can we do now?
And essentially we onboarded Layer Zero.
And ever since, like, the Layer Zero branch went live, like, end of October, I believe, of 2023, our actual DeFi ecosystem has been growing.
And essentially the reason why, like, we're focused on DeFi, because it's not just because it's one of the major verticals
in the industry, it's one of the reasons.
But also, like, you know, in our community people really value decentralization.
They like to use decentralized platforms where, like, for example, users can trade directly with one another.
Then, like, also, of course, we don't have, like, too much of privacy-focused, let's say, solutions.
But eventually we do want to onboard that, too.
But, like, for example, right, also if you look at it, most access, like, do not require users to undergo KYC processes.
So you can actually trade anonymously to a certain extent, right?
And that's also very important for the users that we have.
Like, they really want to have the custody of their own assets.
Then, of course, like, you know, access to a wide range of assets.
And our community is really interested in the innovation and also, like, the new, let's say, trends that emerge in DeFi.
And hence, like, we're always on a lookout, like, when stuff comes out, right, like, for example, the new trends emerge, for example, RWAs or some others.
So we always keep on checking it so that, like, we can offer this to our community.
And also, you know, like, when it comes to DeFi, like, why it's also kind of, like, resonates with our community is because of the governance part of DeFi, right?
Like, many decentralized protocols, they're governed by DAOs, where users, like, kind of hold governance tokens that allow them to vote on key decisions about the platform's future or about, like, for example, future deployments or some other stuff.
And this level is, like, kind of important.
This level of involvement is important for our community members because they are kind of used to that already while they're in Telos.
So that's why, like, because they're super also involved when it comes to governance decisions that are made on Telos.
So that's where we can draw the parallels.
And for gaming, we're actually, like, we started, like, I would say, aggressively onboard gaming dApps, like, somewhere around November, December of 2023.
Of course, we had, like, previously some gaming initiatives going on.
And, like, maybe you've seen in the news as well, for example, where one of the chains to partner was GameStop.
Unfortunately, that partnership didn't work out because of the fact that they had a change in management.
And essentially, like, they weren't Web3 focused anymore.
But despite that, like, it was, we learned a lot from that.
And we decided to carry on and, like, keep on onboarding the dApps into our ecosystem.
And maybe some of you have seen, but if you haven't seen, you can actually follow this us on Twitter as well.
So we're working on a sidechain, gaming-focused sidechain, basically, which is called K218.
And the idea is, like, with that chain is to abstract all that complexity that's there, like, in this blockchain or in this Web3 space, because gamers don't want that complexity.
And essentially, to that sidechain will be focused on games, and it will be based on ZKVM.
So they will be using, like, Polygon CDK for that.
And essentially, like, that chain will be dedicated specifically to games.
And we have, like, an initiative that's going around it, which is called Takika.
And Takika is basically a user type of journey.
It's gamified.
So you will have your own website.
And essentially, like, you, as a user, you will have to complete certain missions and tasks.
And each time you complete your missions and tasks, like, you will have your NFT, which evolves over time.
So you will see the evolution of your NFT.
For example, it will get a mask or get something else, you know, or another attribute that will make it more, much more rare or, like, much more interesting.
So it's interactive.
And essentially, you will be also kind of rewarded by the, like, you will get certain rewards based on the tasks you do.
And then, essentially, you will qualify for the K218 airdrops.
So that's the idea.
And, yeah, so, like, as you see, we're focused on these two main verticals, DeFi and gaming.
And essentially, like, yeah, we just keep on pushing on those two verticals.
And essentially, this is also, like, where our collaboration with Unison comes into play, right?
So you guys are, like, one of the leaders in DeFi.
So we're super excited to work with you.
And, yeah, looking forward to fruitful collaboration.
Amazing.
Awesome.
Yeah, we're definitely into DeFi.
I think people know us for DeFi.
And I would go as far as to say that we're probably the leader in DeFi in terms of aggregate trades and that sort of thing.
Our platform's amazing if you haven't tried it out yet.
But that's awesome.
Let's talk a little bit about our partnership and getting into the partnership.
We mentioned that, you know, you guys have built a network and we're integrating.
I'm just going to say right now, according to Martin and the team, we're going to be deploying the network and integrating probably in about six weeks.
Six weeks, potentially sooner than that, but pretty exciting times.
Definitely.
And I don't know.
I think, like, you should also mention about, like, your announcement that you, I think you made in Dubai, right?
Which is about enhanced Ethereum gas optimization.
And, like, if I'm not mistaken, if I remember it correctly.
And essentially, like, also key enhancements in, like, V3, something like that, if I'm not mistaken.
Yeah, that's true.
Yeah.
And I see some faces in here that have been paying close attention to the news, so they know firsthand.
But we've released an update that includes enhanced Ethereum gas optimizations, as well as our updates to our distribution mechanism architecture, ULDM V3.
It's a bit of a mouthful.
But we're seeing ETH gas optimizations yielding 40% to 50% in transaction costs for our retail users and up to 70% for integrators.
And ULDM V3 has a bunch of really cool key enhancements that, you know, basically, you know, allow for more complex routing and more complex splitting.
So, we can talk about that in a bit, too.
But, yeah, better returns on trades for end users is what it all boils down to.
So, quite exciting.
And these went live yesterday.
And they will continue to be updated and optimized.
I know the team are working on some things internally with it that will continue to improve their efficiencies and performance.
Awesome.
No, that's really great news.
And a little bit about our partnership with you guys.
So, we're super excited to be there because, like, you know, you're a well-known brand in the industry.
So, that's, like, and it was cool that we managed, like, to work together, essentially, like, also really appreciate the effort that your team has put.
I believe that Unison has an amazing team out there.
So, kudos to that.
And, essentially, like, yeah, if you guys don't know about Unison, Unison is a DAX aggregator, like, that provides access to multiple assets, I believe,
across, soon across 10 networks, with Telosik included.
And, basically, like, they have this trade-splitting algorithm, which, basically, enables Unison to perform, outperform, actually, other aggregators.
And, so, they optimize liquidity and interoperability for, like, seamless and cost-efficient single and cross-chain swaps.
And, essentially, when it comes to our partnerships, like, basically, like, Unison will be expanding to our ecosystem, which is always great to work with such partners.
And, essentially, we are already working on that.
And, like, I can just say one thing, like, Unison team is super collaborative.
Like, we are working on mutual ecosystem expansion.
So, basically, like, we do strictly help each other with strategic introductions, collaborations.
And, of course, like, towards the launch, we're going to have tons of marketing efforts.
We do love to do marketing efforts.
And, that's, actually, I think that's what sets Telos apart from lots of other, I would say, foundations and organizations out there.
Because, like, when we work with projects, we really like to do, like, you know, do tons of initiatives, especially when it comes to marketing.
So, our marketing is not just simply about tweets and retweets.
We like to do blog posts.
We like to do AMAs.
We like to, I mean, do initiatives like quests and stuff like that.
And, I think, like, this is always cool.
You know, this is basically what enables you to work much closely with our partners, right?
And, essentially, that's what we're also looking for to do, looking towards, too, when it comes to our partnership with Unison.
And, we really hope that to bring our communities together.
Because, like, we do believe that through Unison, our community will have access to a wide range of assets.
But, also, we would love to welcome the Unison community to our community and, like, give them a helping hand whenever they need something from us.
But, definitely, we're super excited about this partnership.
And, I really can't wait for, actually, us to go live on Unison.
So, yeah.
Yeah, we're quite excited about that, too.
And, I think, we're also excited about, you know, the new variety of projects that will be made available to, you know, the broader marketplace through ZCX.com with the integration of Telus Chain.
So, you guys have a number of projects building on your chain at the moment.
Yes, yes, yes.
So, definitely, I can actually give you a little bit of an overview of what has been happening in the past, like, couple of days.
And, basically, where are we heading towards when it comes to the ecosystem expansion, right?
So, in the past couple of days, I think we made a couple of different announcements.
First and foremost, like, we, let's say, onboarded perp stacks, which is called ZK-Ara Finance.
They are one of the leading DEXs on ZK-Sync and Metis.
So, it was really cool to actually welcome them to our ecosystem.
Then, also, LogX actually announced that they'll be offering perps on Telus.
So, now, you can take long and short positions on Telus, like, yeah, in a decentralized fashion.
So, which is my preferred way of doing things, to be honest.
I hate using centralized exchanges.
So, whenever I can do without them, I try to do that.
And then, of course, like, we had also, like, projects in the RFWA space, which is Kuma-bound by MIMO Protocol.
So, that's something to check out as well.
And then, I believe we had, we announced, like, a UNCX, which is basically a one-stop DeFi shop.
They offer a couple of things at the same time.
Super amazing team.
They offer Launchpad, like, initial liquidity offering, the liquidity lockers.
Yes, and a bunch of other stuff.
So, you should definitely check them out.
And then, we do have, like, also a couple of other things coming up.
Like, USDV, which will be a native stablecoin on Telos.
Then, if I'm not mistaken, or maybe I'm mistaken, but we probably, we announced them.
I don't, I'm not sure.
But even if we didn't announce them, I don't think they'll be mad if I mention their names here.
So, we have YaskFi, which is a yield aggregator coming into our ecosystem.
Then, we have Steer, which is, like, an asset management protocol that's coming into our ecosystem as well.
And then, we have also Velocimatter, which is, like, they're also building, they'll be deploying graphene on Telos.
So, yeah, we do have lots of stuff going on when it comes to partnerships.
Like, our partnerships pipeline is pretty big.
And we're looking forward to expanding it.
And, yeah, we're trying to basically bring the industry leaders into our ecosystem and do announcements, like, pretty much on weekly or daily basis.
Like, depends a little bit, sometimes a little bit hectic.
You know, sometimes, like, you have protocols going live pretty much at the same time.
Or, like, when it comes to the timelines, they're close to each other.
But anyways, we like to support everyone equally.
And, like, what we also like in our ecosystem is that, like, the protocols or the, yeah, the dApps, they have to collaborate with the other dApps as well.
So, like, if someone complains to me, like, okay, this dApp is not collaborating with me, like, expect a message from me.
Because, like, that's not the actual attitude or behavior I accept.
I personally prefer the dApps to collaborate with each other and to work with each other.
Of course, sometimes, like, you know, we've been through bear market.
Like, now we're kind of, like, in the bull market or, yeah, or in some sort of a weird market.
Let's put it this way.
But essentially, like, sometimes, of course, some dApps make it through the bear market.
And, like, some dApps may die out, you know.
Sometimes, like, it's also, like, I understand the founders, it can be very tricky or hard for them depending on the market conditions.
But essentially, our aim is, like, to support all the dApps and to ensure that they perform well in our ecosystem.
And also to have a very, like, transparent communication with them.
Let me put it this way.
So, if you guys are, for example, experiencing problems or you think, like, we could do something better,
I'd rather, like, have the dApp approach me and mention that because I can raise it.
And maybe we can change it, right?
Like, we can only learn from each other.
Even if it's the worst feedback or if it's the most negative feedback, I always say, like,
you shouldn't be afraid to tell me that because I need to know.
And if I know, then I can do something and I can actually try to solve this issue.
But if I don't know, I will not be able to do that.
So, essentially, like, don't worry, I don't get mad or whatever.
Like, if the feedback is great, like, even if it's a negative feedback, all you can do is just, like, improve from that point onward.
And that's already a good thing because, like, you know what's going on and you know what's bad, what you need to improve, and you can do it.
And for us, it's very important to build a collaborative ecosystem, after all.
So, and essential to provide the best support for our dApps.
So, that's what we want to achieve.
Awesome. Appreciate that.
So, long and the short of it is be nice to each other, kids, and provide feedback, and nobody will get mad, right?
Exactly.
That's great.
Exactly. Like, you know, it's like I've been in many different ecosystems, you know, and stuff like that.
And I've seen, for example, some, let's say, protocols or some group of individuals or group of projects being treated better than the others.
And I, to me, personally, that's not acceptable.
I think everyone should be treated equally.
Like, if everyone is working towards the same goal, right?
And essentially, if everyone is benefiting Talos, like, they should all be treated equally.
And they should all be given the same opportunities and essentially get the same support.
And we should keep on supporting our projects, right?
So, like, let them work together also.
Let them, like, brainstorm together.
Let them, like, not just compete, but collaborate, right?
Even if you're a DAX, like, try to collaborate with another DAX, another ecosystem.
Because you never know.
You can always come up with interesting ideas, with new product ideas, where you can merge your forces and, like, build that, you know.
And essentially, this is what we want to achieve.
So, personally, I'm very much a capitalist.
And I believe that the market will reveal the true fundamental value of an asset based on whether or not it has a legitimate product or, you know, a solid roadmap toward delivery of something tangible that people can actually use, right?
So, that's a significantly important piece.
And, in my opinion, I think that the market, we're probably seeing a shift towards that, where more people are interested in, you know, investing in projects that have revenue, have real working products, have, like, you know, a docs team, etc.
And, yeah, I'd be interested to get your perspective on the market.
Where do you think things are going from here?
I mean, it's really hard to say.
I hope to put it up only, but I cannot judge.
But, in the end of the day, like, market is definitely unpredictable, right?
It also depends on the overall economic view, right?
Like, if we're talking about trends and stuff like this, of course, we can talk about innovation, what's coming up, what will be, for example, DeFi in, let's say, a couple of years, right?
What is the vision?
Of course, when it comes to DeFi, like, this is basically the part or vertical that I enjoy the most.
Yeah, because this is what I like to do during my free time.
It's basically yield farming.
But apart from that, what I can say about it, right?
Like, even, like, because I've been kind of playing around with different dApps in DeFi, like, since 2020, since, like, it pretty much kicked off.
And I, yeah, really enjoy it.
And essentially, like, what do I think should happen when it comes to DeFi, generally speaking?
It's basically, like, you know, if you look at the DeFi space, it's really small, right?
We can always claim, like, oh, there are new protocols.
There are new shiny things.
But in the end of the day, of course, this dApp landscape may evolve.
But, like, this doesn't mean that the number of users is increasing.
It feels like at times, like, you have exactly the same users, like, just jumping from one chain to the other.
And there's a reason for that, right?
Like, for an average person, DeFi is still complicated.
And, of course, in order to improve that, like, we need more user-friendly, let's say, interfaces, maybe better educational resources.
Welcome to SCX.com.
Exactly.
Yes, you are.
And so, and, you know, like, you have to improve this UI UX, right?
So for people to jump in and be able to play with it.
And it seems like this is not yet there totally, completely.
So it's just, like, it's still, like, there's a barrier for the people to jump in.
Because, like, you know, also people get, like, deceit.
Because, for example, they see a white paper of a DeFi protocol and then, like, they just, like, read through it or they go to Medium and read the article and they immediately get scared.
And they say, like, oh, no, this sounds too complicated.
So you just come and tell them, just connect your wallet and try.
And you will see that's not super complicated as you expected it to be.
But, you know, there's a psychological barrier for people to cross, especially when it comes to security and stuff like that, right?
So, and also that's where another part, which is important if we're talking about the market adoption or, like, change, like, growth, right?
We need to have a greater emphasis on security, right?
Like, even though throughout time, like, if we compare, like, to, like, ourselves, the protocols, like, the space to the protocols, which were there, like, in 2020, 2021, 2022, and so on and so forth, we have now greater emphasis on security.
So, and I think further security advancements, they will be critical for the DeFi growth.
And, for example, this will improve, this will probably include more robust techniques, like, you know, more smart contract audits, you know, because also hackers get much smarter, right?
So, and then, like, you will need to have probably real-time security monitoring tools, you know, and then, like, insurance models, like, to protect users' assets, like, if there are hacks or vulnerabilities.
And, of course, like, the other thing is, like, I would say enhanced regulatory clarity, which is kind of missing.
And it's also, like, if you look at the regulators, they're far behind the industry, right?
So, they have to do so much of catching up, right?
There's, like, the regulatory framework still needs to evolve, and, you know, there should be clearer guidelines and probably better compliance paths.
And this will not only enhance the security and legitimacy of the space, but also actually attract more institutional investors into the space.
I mean, this we've seen actually a little bit, like, if we can draw this comparison, maybe that's not the best one.
It's kind of, like, Bitcoin ETF, right?
So, it drew, like, retail, it drew, like, institutions, right?
So, that's basically, because it kind of legitimized it.
And then, of course, what I see in the future as well, you will have much more financial instruments, right?
So, like, we will have more financial instruments in DeFi, such as more off-synthetic assets and derivative products.
Institutions can invest, like, maybe a basket of products.
And then, of course, like, tokenization will kick in as well, even though, like, we've been trying to kind of, like, move this topic of tokenization since 2018.
You know, tokenization of art, tokenization of real estate, and so on and so forth.
But I do believe that eventually it will take its shape and form and will become a popular or useful tool going forward.
And, sorry?
Yeah, that's awesome.
That's, I mean, that's a pretty huge outlook.
We could legitimately probably create an entire show just around, you know, the evolution of regulation and security and all these different aspects that you're touching on.
But, yeah, I think that the future is generally pretty bright for DeFi.
Correct.
Yeah, same.
I think so, too.
It's just like, you know, at the moment, we have certain barriers that we need to pass, right, when it comes to usability, when it comes to lack of regulatory clarity.
And then, when it comes, generally speaking, you know, this psychological or educational barrier that I like to call, you know, like, people still don't feel comfortable connecting their wallets and trying something, like, online with real money.
No, that's true.
And which is why Martin and his team have been working for more than three, almost four years, actually, on ZCX.com.
So, you know, it's a fully comprehensive suite of DeFi tools that enable the most basic user to navigate the space seamlessly.
I mean, isn't it crazy that you can conduct a cross-chain swap without having to use any bridging tools or anything like that?
Exactly.
Exactly.
That's also my point.
Like, sorry to interrupt you, but it's like, for example, right, like, it's not just to do with DeFi protocols.
But let's say when I use even roll-ups, right, when I bridge, like, when I use a native bridge, I always, like, you know, I always feel happy or relieved when it makes it, you know?
I'm like, oh, yes, I made it, you know?
Like, I can't believe it.
But it's really, like, it's not the best user experience.
And, you know, you can't expect the average people, like, to use these bridges, like, even be it, like, the most tested bridge, like, polygon bridge or whatever, the bridge on optimism or whatever, you know?
So it just, like, creates such a, like, a complexity when it comes to user experience, and it just destroys it, in my view.
Absolutely.
Well, Nikki, I'm going to shift the program a little bit here because we've got some things to cover with Unisend.
But it's been a pleasure having you on, and thank you so much for all that you guys are doing for the TELUS team and everything that you've contributed.
And we're looking forward to marketing this with you as soon as we get it all live.
Same, same.
Thank you so much for actually choosing us, and I'm really looking forward to working with you.
And if there's anything I can do more to support the team, I'll be more than happy.
Thank you once more.
You guys are amazing, and I'm super excited to have you in our ecosystem.
Awesome.
Thanks very much, guys.
Thanks very much, Nikki.
And, guys, make sure to check out, tell us.
I will repost their socials here after the show.
But check them out and have a look and see what they're building.
Go join their community.
Ask lots and lots of questions.
And, yeah, chain number 10 in six weeks.
So here we go.
I just wanted to touch on one final piece here before we close up the show for the day.
And that is what is next for Unisen.
So we've launched ULDM v3, and we've launched ETH gas optimizations.
And have already mentioned that we're going to continue to improve those protocols to bring better trade efficiencies and reduce costs for the end users.
As well, as you just heard, we're integrating an additional chain.
You know, we also have a bunch of other things to do.
And Martin hinted that and teased it out on his Twitter account.
So Web2 logins, account abstractions.
This means that you'll actually be able to use your Google credentials or potentially, you know, Facebook credentials, social credentials to log in to Unisen.
RFQs and MM integration.
So deeper liquidity.
Gas payments in a number of ERC20s, including Unisen.
So ZCX tokens will be acceptable at some point in the future as gas payments for network transactions, which is pretty cool.
Enhanced mobile experience.
So they're bringing NFTs in full Unisen Explorer support.
So extending, you know, the features that are available at ZCX.com in full to the app.
Of course, we've got the ULDM improvements that's ongoing, as well as further gas optimizations.
Martin and his team are confident that they can squeeze out greater efficiency even than what they're at.
They feel that this is really just the tip of the iceberg in terms of these efficiencies.
We should actually see things improve significantly in the coming week and then progressively more so after that.
Deeper liquidity.
So, you know, exploring, integrating more chains and, of course, supporting EVMs and UTXO chains.
So additional assets.
And, you know, I don't want to hint at what they are, but they're big assets, you know, that we are able to facilitate trades into and out of Bitcoin.
Think that level.
Reductions in time and cost for cross-chain operations.
Earn 2.0 is coming.
So there's going to be a host of new features with that.
We've actually been discussing Earn 2.0 extensively internally.
We're pretty excited about the evolution and the new features that we're going to bring forward with that.
It's going to be quite a cool build-out compared to what the current iteration is.
And then, of course, we've got our stealth project, Zen Chain.
You guys know it as Andromeda, but we are actually changing things up a bit.
We're going to be calling it Zen Chain.
So first time you've heard that here.
We're going to be releasing more information and more PR pieces about these upgrades as we go, as well as continued work with our partners.
So thank you all for tuning in for another episode of Zen Space.
Appreciate that you all made time to listen to us speak today.
And, yeah, we'll see you next Friday.
We'll probably have some more updates for you.
So stay tuned and stay Zen.
Talk to you all soon.
