September 9, 2024 • 20 mins
00:33 Snek.fun
03:38 Minswap Launches LBE v2
04:35 Memecoins Dominating the Charts
05:03 3UTxO Update
08:36 Leevy & Sparkkyfi
12:20 Bullish Sentiment from Devs
12:57 Subhandles
14:24 No Code Identity Solutions
15:28 Tokenized Gold is Coming
17:13 Kreate is Back
18:05 ADAOZ Stake Pool is Good Again
18:34 Channel Members Thanks!
18:59 Tutorials Channel
03:38 Minswap Launches LBE v2
04:35 Memecoins Dominating the Charts
05:03 3UTxO Update
08:36 Leevy & Sparkkyfi
12:20 Bullish Sentiment from Devs
12:57 Subhandles
14:24 No Code Identity Solutions
15:28 Tokenized Gold is Coming
17:13 Kreate is Back
18:05 ADAOZ Stake Pool is Good Again
18:34 Channel Members Thanks!
18:59 Tutorials Channel
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Another day, another drama in the Kadana ecosystem. We've got
some news updates here. We're going to look at this
neck dot fun launched last week. When you look at
three ut trying to bring vcs to Kadano, and also
this new drama around Levy finance and this spark Fy lending.
Speaker 2 (00:15):
Aggregator out there.
Speaker 1 (00:18):
Lots happening in the Kadana space, lots of dramas here,
let's get into it. Hey everyone, I'm Pitabewy hit that
like subscribe on your way in and we're going to
look at all these dramas that have happened over the weekend.
Certainly is rather entertaining. And the very first one that
we have here is all around the snack dot fund launch.
This was launcher last week on the fifth of September,
(00:39):
and I have to say, from the looks of it,
it went phenomenally well in terms of user engagement and
bringing in users to the ecosystem. The transaction count according
to the graph here that rip put up was the
highest amount of transactions in three years for Kadano.
Speaker 2 (00:57):
That is phenomenal.
Speaker 1 (00:58):
That's really good to see and it hit an all
time high and transaction record so this is phenomenal for Kadano. Now,
the team did a fantastic job of bringing people into
the Cadana ecosystem, lots of meme coins, launched a lot
of mean coins, and you can launch a mime coin
on the platform for as low as twenty five eight
and that's all it takes to start a mime cooin.
(01:20):
You can grab a picture off the internets of this
like gyros and then start.
Speaker 2 (01:26):
A mime coin.
Speaker 1 (01:26):
So it's phenomenally easy. Barrier to entry is way down
now for people that are wanting to do something like this.
But there was a little bit of a problem here
and this was the bit of load that we saw
on the chain. And it wasn't because it couldn't do
so many transactions per a second. That wasn't the issue,
but more so something to do with how the scripts
(01:47):
were using memory and CPU.
Speaker 2 (01:49):
And this graph here kind of shows you the load. Here.
Speaker 1 (01:53):
See the amount of CPU usage. Wow, that's incredibly high,
and the memory usage seems a lot higher than.
Speaker 2 (01:59):
Normal as well.
Speaker 1 (02:00):
The size of each of the transactions in blocks it
does increase, but you can see the memory usage is
the main problem here. Now, our Cadano devs did do
an inspection on this to find out exactly what was
going on. Pie here is working on a brand new
tool that he's using called gastronomy. I've got links to
it down below, But using this you can inspect what
(02:22):
the script is doing, and here we can also see
a breakdown from Adam Dean looking at the script's memory
usage down here, and you can see here it's sets
incredibly high. So it seems that the dev's hard coded
high values into the scripts here. Maybe this was used
for testing or something and left in to the production
(02:44):
code and executed on the main net, and the splash
protocol team have taken responsibility for this one here. So
unfortunately it didn't meet everyone's expectations on the launch of
the snack dot Find platform, but they have rectified this
and the overall experience now is pretty much instantaneous transactions
(03:04):
and a hell of a lot'smover than it was on launch.
So if you're one of those people that did jump
onto the platform at launch and experience the mem pools
on the transactions building up and your transaction is just
not getting through, it's all been fixed now and the
experience now is completely different. I don't trade in min coins.
I don't jump on platforms when they launch either. I
(03:26):
wait for these certain things to settle down and bugs
to be fixed. And this is a good example where
waiting a little bit to see what happens could save
you a lot of time and energy to Now. Another
platform that launched the next day was the minswap launch bowl,
and now the launch bowl that Mincewap have has been
used for various projects, rather big projects from smart places,
(03:49):
fluid tokens, Indigo, Muscosi and so on and so on,
and now it's completely permissionless and open source, so anyone
can jump on and launch their own meme coin on
the platform as well. The liquidity bootstrapping event is a
nice way of going about it if you've participated in
any of these lbs before, where you put your liquidity
(04:09):
into the pot, then wait for the price discovery to
happen afterwards, then after a certain time, the token is
launched at that price. So it's a nicer way of
doing it. It's a lot slower in how it works,
and it launches the token in a very fair and
distributed manner. So I like the LBE, but it doesn't
have the type of hype that's neacktop fun or pig
(04:30):
party has where it really hyped up the meme coin
mania and drove people to the chain. Now, one of
the downsides that we're seeing at the moment is that
we're seeing all of these meme coins dominating on platforms
like taptools. So if you're looking for data or what's
happening on the Cadna ecosystem, you're looking at what's made
the most gains in the last twenty four hours. It's
(04:50):
all meme coins. So people are jumping into these various
meme coins and going through there. I for one, prefer
bigger platforms such as I go on a world mode
as opposed to mean coins.
Speaker 2 (05:01):
That's my preference in general.
Speaker 1 (05:03):
Now, this next bit of drama is from an x
space that Rick McCracken hosted for the three UTXO team
around bringing in vcs to the Cadina ecosystem. Now, this
was an AI transcript that summarized the conversation for me.
It is a two hour space. I don't have the
time for that, but if you have a glance over
(05:25):
this transcript that I used AI to generate, it did
a very good job of piecing it all together. I
had some other people review it and just make sure
of its accuracy. There's a couple of typos in there.
I'm sorry, guys. There are some typos and mispronunciations miswritings
of how things are pronounced. But it gives you an
idea of what's going on with the three UTX team
(05:48):
and what they're trying to.
Speaker 2 (05:49):
Do in general.
Speaker 1 (05:50):
Now, the main premise around this, or what people I'm
mainly afraid of, is that the team is mostly inexperienced
as v sees that they've got experience in business, they've
got experience in working in the crypto space, but it
seems that they don't have that experience as vcs to
fund various projects and bring in more value to the chain.
(06:12):
So this is what people are mainly afraid of, what
they're concerned about. And there were some suggestions from the
community which could bring this forward and make this a possibility.
And one of the things that I do like is
for the team to ask for smaller amounts of funding,
such as the twenty or thirty million AI to prove
their concept ideas and bring trust to the community. So
(06:35):
if you don't know the team, you don't know their background.
You don't know if they're capable of delivering on what
they promise. You wouldn't exactly jump on a two hundred
million a proposal and vote for that to get past
and give these guys funding so small amounts of funding
and see how they deliver things is probably a lot
more appealing.
Speaker 2 (06:54):
Now.
Speaker 1 (06:54):
One thing that we do need to know and understand
is with all governance actions, there will be this phase
of collaboration and discussion before things are put on chain.
You won't see many proposals simply just go on chain
with a governance action ready to vote without community collaboration,
discussion and iterations on the proposal before they put online.
(07:17):
It does cost Ada to put a proposal a governance
action online for people to vote on. And if people
don't know the team, they're not aware of the proposal,
they most likely would abstain or hit no on that
particular governance action. So there's a lot of community engagement,
a lot of iteration, a lot of awareness that needs
to be done on each and every proposal before it
(07:38):
turns into a government's action for voting. So this is
I see a good thing for the three UTX team
in general because it's engaging with the community and maybe
they can come up with a middle ground where they
can get a proposal online some funding at least to
get them up and going into the space. So we'll
(07:59):
wait and see how this one goes. We don't have
governance actions and treasure withdrawals for at least another two
and a half months.
Speaker 2 (08:07):
After December, we'll see this happen.
Speaker 1 (08:09):
And then they may put in a pitch proposal then
that's very refined and more acceptable to the condined community.
Like I said, we're going to see this with all
proposals that come online. We've got the Intersect budgets coming out.
Speaker 2 (08:22):
All the working groups.
Speaker 1 (08:23):
They have their proposals as well, and they're going to
be up for community review and a lot of people
are going to drill into them all the line items, etc.
So the budgets are coming out, so be aware of this.
There's going to be a lot more of this drama.
Speaker 2 (08:36):
Okay.
Speaker 1 (08:37):
This next drama here is around Levy Finance and a
new platform called Sparkfi. Sparky Fi now, this here is
a platform that Nick Avatar. Nick built behind so many protocols,
is one of those devs that works twenty four hours
a day. I don't know how you do it, mate,
but he's being accused of copying levy Finance, and for
(09:00):
some reason, I thought Nick was one of the devs
behind levy Finance anyway, so he may have done a
lot of the code for it in the first place.
But what happened here was that levy Finance on the
Chang hard fork upgrade had issues and it wasn't compatible
with the Chang hard fork, and the devs the team
(09:20):
had to overall work their butts off to make it
or compatible before users users loans were liquidated because if
the price moves too much and they can't access the
platform to pay their loans or adding more collateral, it
means that their loans could be liquidated.
Speaker 2 (09:38):
So this was a problem. This was a problem.
Speaker 1 (09:40):
There's a lot of people with the big loans on
the platform, so they worked their butts off to try
and get things fixed. But here Nick jumped in and
he built another website called Sparky Phi or whatever it's called,
and it interacted with the levy Finance's smart contracts and
as a result, the levy Finance front end interface couldn't
(10:04):
see what was happening with those smart contracts and as
a result, transactions things were failing on the Levy side
of things. So now the Levy team are very upset
in regards to this. His website is literally breaking theirs now.
One of the things you need to know is that
any of those smart contracts that are online, that are
on chain, anyone can interact with that smart contract. If
(10:28):
I wrote a transaction on my own on my computer
here and then submitt it on chain to interact with
someone else's smart contract, maybe it's mincewap smart contract.
Speaker 2 (10:37):
I can do that.
Speaker 1 (10:38):
I don't need to use the minswap front end to
use the smart contracts that they have on chain. I
can do that all myself. I can script all this
and automate it and have really fast, smooth transactions directly
from my computer. And I don't need to interact with
the front end, so I can botscript this and do
some really cool trades. So I haven't seen Nick post
(10:58):
anything about this now. He is one of the best
developers in the Cadino space, and I don't suspect that
there's mal intent with whatever he is building. In general
is definitely there for the Cadino's space, so i'd love
to see what's going on here. More deeply, I have
started looking into the sparkyfy platform as well. It does
(11:21):
look very similar to Levy, I have to admit. Even
if they just change the colors a little bit and
move the bear to the other side, visually it'll look different.
It probably work exactly saying, because it uses the same
smart contracts.
Speaker 2 (11:35):
Now. The main difference here.
Speaker 1 (11:37):
Spark Ify is an aggregator where it collates all of
the borrowing lending that's out there the ecosystem and puts
it into one place. So at the moment it looks
like it's only integrated Levy, but I'm sure it's going
to have lend Fi and anything else out there that
has borrowing a lending built into it and then aggregate
it all into one spot. I think that's kind of useful.
(11:59):
I don't do any this borrowing a lending. I think
it's a little bit risky for my appetite. But I
can see why the levee to him are a little
bit upset here. If you look at this, you pretty
much think it's the same thing. Anyway, links all down
below to the discussions here. This is a brand new one,
so we'll see which one way this goes. Let me
know what you think about the drama that's happening in
the Cadino space at the moment. Now let's move over
(12:21):
to some good news in the Cadano space. And this
post is from Sebastian. Here's a long term dev in
the cadinospace building infrastructure not just in Cardano, but in
other ecosystems too, and he writes this, I'm personally pretty
bullish right now. My fees across all chains is dev's
trying to build real apps, even though it working on infra.
(12:42):
There's more focus on tools solving known pain points in
order to ship real things. This is brilliant. This is
what you want to hear from the hardcore dev's building infrastructure,
building things out there. So I'm really excited about that.
And here are some projects that are building some really
cool thing. First one here is ADA Handles and they're
(13:02):
just about to launch sometime tomorrow, the sub handles. So
I've been waiting for this for a long time. And
sub handles bring in some really good utility for the
existing AID to handles. We've seen the price of aid
to handles skyrockets with people trading the AID to handles
looking for some really good names. But essentially what you
can do is you can sell sub handles, so handles
(13:25):
that are under your main handle that you may have.
So I might have a handle of a really common
last name like Smith, then I can sell the sub
handles for everyone that has that last name, so John Smith,
Amanda Smith, whatever it is. So now I can sell
that on my own minting page, charge a fee for it,
(13:46):
maybe like five eight, and then you can commit that
you have the base fee plus five eight to profit,
and then you can make some money out of that.
That's really cool, and that's why a lot of people
are training this at the moment.
Speaker 2 (13:57):
So this is all going.
Speaker 1 (13:59):
To go online live in roughly the next day, so
do check this one out. I do love what the
aid to Handle team have been building over the last
two or three years. Everything that they've done is so useful.
Now I do have various AID handles as well, and
I really need to customize my AID handle so it's
upgraded to the new one where it's visually more appealing.
(14:21):
I really got to do that. Anyway, big shout out
to aid to Handle team. There. This next news item here,
which I thought was absolutely brilliant to hear Sarah from
Socius Dowt. They secured a two hundred and twenty thousand
dollar grant to build Chin and this is a no
code self identity platform.
Speaker 2 (14:39):
This is brilliant.
Speaker 1 (14:41):
There are so many people out there wanting to deliver
and build self so identity solutions, but this one here
lets you build it without any code and this brings
down barriers to entry hugely, making a lot easier to
use identity systems. Now. I believe they do use a
Taler prism. They implement it long time ago on their platform,
(15:01):
but now taking this to the next step and make
it even easier to implement is the key here, so
more people can use it and bring this type of
solution on chain. So this is absolutely amazing, Sarah, congratulations
on that. Hopefully we do get to see more of this.
There is a demo of this coming up at the
Tech Impact Tech for Impact summit coming up really soon
(15:23):
in Japan as well, so I'd love to see that presentation.
Hopefully it's recorded, Please let me know. This next news
item here is around Finess and there are rumors now
that there are bringing gold very soon to the Kadana
Ecosystem tokenize gold through their platform. We don't have any
details yet, they're just teasing this out. We don't have
(15:44):
any idea of their gold custodial partner, who is actually
holding the gold, or who they're selling it through, so
we don't know any of those details yet. But to
get to this point requires a huge amount of legal work,
so really good to see. This is a lot more
exciting than granite sewing rocks. Sorry guys, but it is.
(16:06):
Gold is a much more desirable asset to purchase. So
hopefully we see this one on soon, and hopefully the
mint is a little bit bigger so I can actually
participate in this one as well. There was a limited
amount of granite that was sold through their platform, so
hopefully we're see more gold here so I can actually
participate as well, rather than it's selling out before I
can jump online. And the demand for these real world
(16:29):
assets is massive. Patrick will be at Token twenty forty
nine in Singapore later this month and they're running a
round table and they limited it to seventy five guests.
There's space limitations for a real world event, and there
are almost at five hundred sign ups of this one here,
so that's absolutely insane. There are a lot of people
(16:51):
interested in real world assets and this is a really
clear indication that they're in the right space here. So again,
hopefully I get to see some of these presentations. Unfortunately
it won't be going to any of these events this year,
but maybe some of this will be online, may be recorded.
Maybe Patrick, you can put an iPhone in the background
and record it for us. I'd love to see what
(17:12):
this is all about. Now, this other platform here Create.
In my last news update, I mentioned that they were
having issues with their upgrade. A lot of people having
some issues with the upgrade post chain and they had
to look into sunsetting the platform.
Speaker 2 (17:27):
But good news, Create is back.
Speaker 1 (17:30):
Create is one of those platforms that a lot of
artists in the Kadana space use, and you can see
here from all of the quote tweets from all of
these artists people that use the platform, they are so
happy that it's back. So we are back with a
platform for artists within the Kadana's space, and we're going
to see hopefully a lot more more more attention to
(17:51):
this as well. It's one of those platforms that comes
and goes with waves and trends of NFTs, but hopefully
we see more artists use the play platform again and
more attention.
Speaker 2 (18:02):
Is around it. There's a lot of really cool stuff
that's been launched on it now. My state pool.
Speaker 1 (18:06):
I did mention it in one of my last news
updates that it did have some problems post chained hard
Fork as well, but it seems that it's all smooth
sailing now. We haven't missed a block, we haven't had
any propagation time issues either. We've minted every single block
that we've been assigned so far this epoch, So I'm
really happy with that performance of the pool now as well.
(18:28):
So thank you everyone that is still delegating to eight
to oz. You guys absolutely rock. Thank you so much
for that support there. And I'd also like to do
a quick shout out for all the members of the
channel here. Here are all the Channel members at the moment.
You guys are absolute rock. For a small little fee
every month, you help support my coffee addiction. So if
I've got about fifteen members on a regular basis here,
(18:49):
so there's thirty thirty days a month. I would love
to get this up to thirty so I can have
a coffee a day that'd be absolutely brilliant, but you
guys absolutely rock. Thank you so much for supporting the
channel this way, and if you haven't yet subscribe to
my new channel, I do have a new channel dedicated
purely to tutorials. Whenever I post toatoros on this main
channel here, it bombs, it takes, it takes my viewerships
(19:13):
down several hundred views and as a result, the next
videos that come out also tank as well. So I'm
trying to change it so it works better than a
YouTube algorithm. So if you want to tours, so, if
you want to learn things how to do things in
the Cadina space, make sure you subscribe to this channel
here and you'll get these tutorials where you can actually
go through governance. You can learn how to stake various assets,
(19:37):
you can do trading, you can do derivatives, all sorts
of things. I'm going to be posting it all there
and that that's all I have in this particular condona
news update. Thank you for watching all the way to
the end here, and make sure you hit that thumbs
up subscribe notification belt on your way out, and I'll
keep your guys up to date with all this drama
that's happening in the Candana space. I'll see you in
the next video.
Another day, another drama in the Kadana ecosystem. We've got
some news updates here. We're going to look at this
neck dot fun launched last week. When you look at
three ut trying to bring vcs to Kadano, and also
this new drama around Levy finance and this spark Fy lending.
Speaker 2 (00:15):
Aggregator out there.
Speaker 1 (00:18):
Lots happening in the Kadana space, lots of dramas here,
let's get into it. Hey everyone, I'm Pitabewy hit that
like subscribe on your way in and we're going to
look at all these dramas that have happened over the weekend.
Certainly is rather entertaining. And the very first one that
we have here is all around the snack dot fund launch.
This was launcher last week on the fifth of September,
(00:39):
and I have to say, from the looks of it,
it went phenomenally well in terms of user engagement and
bringing in users to the ecosystem. The transaction count according
to the graph here that rip put up was the
highest amount of transactions in three years for Kadano.
Speaker 2 (00:57):
That is phenomenal.
Speaker 1 (00:58):
That's really good to see and it hit an all
time high and transaction record so this is phenomenal for Kadano. Now,
the team did a fantastic job of bringing people into
the Cadana ecosystem, lots of meme coins, launched a lot
of mean coins, and you can launch a mime coin
on the platform for as low as twenty five eight
and that's all it takes to start a mime cooin.
(01:20):
You can grab a picture off the internets of this
like gyros and then start.
Speaker 2 (01:26):
A mime coin.
Speaker 1 (01:26):
So it's phenomenally easy. Barrier to entry is way down
now for people that are wanting to do something like this.
But there was a little bit of a problem here
and this was the bit of load that we saw
on the chain. And it wasn't because it couldn't do
so many transactions per a second. That wasn't the issue,
but more so something to do with how the scripts
(01:47):
were using memory and CPU.
Speaker 2 (01:49):
And this graph here kind of shows you the load. Here.
Speaker 1 (01:53):
See the amount of CPU usage. Wow, that's incredibly high,
and the memory usage seems a lot higher than.
Speaker 2 (01:59):
Normal as well.
Speaker 1 (02:00):
The size of each of the transactions in blocks it
does increase, but you can see the memory usage is
the main problem here. Now, our Cadano devs did do
an inspection on this to find out exactly what was
going on. Pie here is working on a brand new
tool that he's using called gastronomy. I've got links to
it down below, But using this you can inspect what
(02:22):
the script is doing, and here we can also see
a breakdown from Adam Dean looking at the script's memory
usage down here, and you can see here it's sets
incredibly high. So it seems that the dev's hard coded
high values into the scripts here. Maybe this was used
for testing or something and left in to the production
(02:44):
code and executed on the main net, and the splash
protocol team have taken responsibility for this one here. So
unfortunately it didn't meet everyone's expectations on the launch of
the snack dot Find platform, but they have rectified this
and the overall experience now is pretty much instantaneous transactions
(03:04):
and a hell of a lot'smover than it was on launch.
So if you're one of those people that did jump
onto the platform at launch and experience the mem pools
on the transactions building up and your transaction is just
not getting through, it's all been fixed now and the
experience now is completely different. I don't trade in min coins.
I don't jump on platforms when they launch either. I
(03:26):
wait for these certain things to settle down and bugs
to be fixed. And this is a good example where
waiting a little bit to see what happens could save
you a lot of time and energy to Now. Another
platform that launched the next day was the minswap launch bowl,
and now the launch bowl that Mincewap have has been
used for various projects, rather big projects from smart places,
(03:49):
fluid tokens, Indigo, Muscosi and so on and so on,
and now it's completely permissionless and open source, so anyone
can jump on and launch their own meme coin on
the platform as well. The liquidity bootstrapping event is a
nice way of going about it if you've participated in
any of these lbs before, where you put your liquidity
(04:09):
into the pot, then wait for the price discovery to
happen afterwards, then after a certain time, the token is
launched at that price. So it's a nicer way of
doing it. It's a lot slower in how it works,
and it launches the token in a very fair and
distributed manner. So I like the LBE, but it doesn't
have the type of hype that's neacktop fun or pig
(04:30):
party has where it really hyped up the meme coin
mania and drove people to the chain. Now, one of
the downsides that we're seeing at the moment is that
we're seeing all of these meme coins dominating on platforms
like taptools. So if you're looking for data or what's
happening on the Cadna ecosystem, you're looking at what's made
the most gains in the last twenty four hours. It's
(04:50):
all meme coins. So people are jumping into these various
meme coins and going through there. I for one, prefer
bigger platforms such as I go on a world mode
as opposed to mean coins.
Speaker 2 (05:01):
That's my preference in general.
Speaker 1 (05:03):
Now, this next bit of drama is from an x
space that Rick McCracken hosted for the three UTXO team
around bringing in vcs to the Cadina ecosystem. Now, this
was an AI transcript that summarized the conversation for me.
It is a two hour space. I don't have the
time for that, but if you have a glance over
(05:25):
this transcript that I used AI to generate, it did
a very good job of piecing it all together. I
had some other people review it and just make sure
of its accuracy. There's a couple of typos in there.
I'm sorry, guys. There are some typos and mispronunciations miswritings
of how things are pronounced. But it gives you an
idea of what's going on with the three UTX team
(05:48):
and what they're trying to.
Speaker 2 (05:49):
Do in general.
Speaker 1 (05:50):
Now, the main premise around this, or what people I'm
mainly afraid of, is that the team is mostly inexperienced
as v sees that they've got experience in business, they've
got experience in working in the crypto space, but it
seems that they don't have that experience as vcs to
fund various projects and bring in more value to the chain.
(06:12):
So this is what people are mainly afraid of, what
they're concerned about. And there were some suggestions from the
community which could bring this forward and make this a possibility.
And one of the things that I do like is
for the team to ask for smaller amounts of funding,
such as the twenty or thirty million AI to prove
their concept ideas and bring trust to the community. So
(06:35):
if you don't know the team, you don't know their background.
You don't know if they're capable of delivering on what
they promise. You wouldn't exactly jump on a two hundred
million a proposal and vote for that to get past
and give these guys funding so small amounts of funding
and see how they deliver things is probably a lot
more appealing.
Speaker 2 (06:54):
Now.
Speaker 1 (06:54):
One thing that we do need to know and understand
is with all governance actions, there will be this phase
of collaboration and discussion before things are put on chain.
You won't see many proposals simply just go on chain
with a governance action ready to vote without community collaboration,
discussion and iterations on the proposal before they put online.
(07:17):
It does cost Ada to put a proposal a governance
action online for people to vote on. And if people
don't know the team, they're not aware of the proposal,
they most likely would abstain or hit no on that
particular governance action. So there's a lot of community engagement,
a lot of iteration, a lot of awareness that needs
to be done on each and every proposal before it
(07:38):
turns into a government's action for voting. So this is
I see a good thing for the three UTX team
in general because it's engaging with the community and maybe
they can come up with a middle ground where they
can get a proposal online some funding at least to
get them up and going into the space. So we'll
(07:59):
wait and see how this one goes. We don't have
governance actions and treasure withdrawals for at least another two
and a half months.
Speaker 2 (08:07):
After December, we'll see this happen.
Speaker 1 (08:09):
And then they may put in a pitch proposal then
that's very refined and more acceptable to the condined community.
Like I said, we're going to see this with all
proposals that come online. We've got the Intersect budgets coming out.
Speaker 2 (08:22):
All the working groups.
Speaker 1 (08:23):
They have their proposals as well, and they're going to
be up for community review and a lot of people
are going to drill into them all the line items, etc.
So the budgets are coming out, so be aware of this.
There's going to be a lot more of this drama.
Speaker 2 (08:36):
Okay.
Speaker 1 (08:37):
This next drama here is around Levy Finance and a
new platform called Sparkfi. Sparky Fi now, this here is
a platform that Nick Avatar. Nick built behind so many protocols,
is one of those devs that works twenty four hours
a day. I don't know how you do it, mate,
but he's being accused of copying levy Finance, and for
(09:00):
some reason, I thought Nick was one of the devs
behind levy Finance anyway, so he may have done a
lot of the code for it in the first place.
But what happened here was that levy Finance on the
Chang hard fork upgrade had issues and it wasn't compatible
with the Chang hard fork, and the devs the team
(09:20):
had to overall work their butts off to make it
or compatible before users users loans were liquidated because if
the price moves too much and they can't access the
platform to pay their loans or adding more collateral, it
means that their loans could be liquidated.
Speaker 2 (09:38):
So this was a problem. This was a problem.
Speaker 1 (09:40):
There's a lot of people with the big loans on
the platform, so they worked their butts off to try
and get things fixed. But here Nick jumped in and
he built another website called Sparky Phi or whatever it's called,
and it interacted with the levy Finance's smart contracts and
as a result, the levy Finance front end interface couldn't
(10:04):
see what was happening with those smart contracts and as
a result, transactions things were failing on the Levy side
of things. So now the Levy team are very upset
in regards to this. His website is literally breaking theirs now.
One of the things you need to know is that
any of those smart contracts that are online, that are
on chain, anyone can interact with that smart contract. If
(10:28):
I wrote a transaction on my own on my computer
here and then submitt it on chain to interact with
someone else's smart contract, maybe it's mincewap smart contract.
Speaker 2 (10:37):
I can do that.
Speaker 1 (10:38):
I don't need to use the minswap front end to
use the smart contracts that they have on chain. I
can do that all myself. I can script all this
and automate it and have really fast, smooth transactions directly
from my computer. And I don't need to interact with
the front end, so I can botscript this and do
some really cool trades. So I haven't seen Nick post
(10:58):
anything about this now. He is one of the best
developers in the Cadino space, and I don't suspect that
there's mal intent with whatever he is building. In general
is definitely there for the Cadino's space, so i'd love
to see what's going on here. More deeply, I have
started looking into the sparkyfy platform as well. It does
(11:21):
look very similar to Levy, I have to admit. Even
if they just change the colors a little bit and
move the bear to the other side, visually it'll look different.
It probably work exactly saying, because it uses the same
smart contracts.
Speaker 2 (11:35):
Now. The main difference here.
Speaker 1 (11:37):
Spark Ify is an aggregator where it collates all of
the borrowing lending that's out there the ecosystem and puts
it into one place. So at the moment it looks
like it's only integrated Levy, but I'm sure it's going
to have lend Fi and anything else out there that
has borrowing a lending built into it and then aggregate
it all into one spot. I think that's kind of useful.
(11:59):
I don't do any this borrowing a lending. I think
it's a little bit risky for my appetite. But I
can see why the levee to him are a little
bit upset here. If you look at this, you pretty
much think it's the same thing. Anyway, links all down
below to the discussions here. This is a brand new one,
so we'll see which one way this goes. Let me
know what you think about the drama that's happening in
the Cadino space at the moment. Now let's move over
(12:21):
to some good news in the Cadano space. And this
post is from Sebastian. Here's a long term dev in
the cadinospace building infrastructure not just in Cardano, but in
other ecosystems too, and he writes this, I'm personally pretty
bullish right now. My fees across all chains is dev's
trying to build real apps, even though it working on infra.
(12:42):
There's more focus on tools solving known pain points in
order to ship real things. This is brilliant. This is
what you want to hear from the hardcore dev's building infrastructure,
building things out there. So I'm really excited about that.
And here are some projects that are building some really
cool thing. First one here is ADA Handles and they're
(13:02):
just about to launch sometime tomorrow, the sub handles. So
I've been waiting for this for a long time. And
sub handles bring in some really good utility for the
existing AID to handles. We've seen the price of aid
to handles skyrockets with people trading the AID to handles
looking for some really good names. But essentially what you
can do is you can sell sub handles, so handles
(13:25):
that are under your main handle that you may have.
So I might have a handle of a really common
last name like Smith, then I can sell the sub
handles for everyone that has that last name, so John Smith,
Amanda Smith, whatever it is. So now I can sell
that on my own minting page, charge a fee for it,
(13:46):
maybe like five eight, and then you can commit that
you have the base fee plus five eight to profit,
and then you can make some money out of that.
That's really cool, and that's why a lot of people
are training this at the moment.
Speaker 2 (13:57):
So this is all going.
Speaker 1 (13:59):
To go online live in roughly the next day, so
do check this one out. I do love what the
aid to Handle team have been building over the last
two or three years. Everything that they've done is so useful.
Now I do have various AID handles as well, and
I really need to customize my AID handle so it's
upgraded to the new one where it's visually more appealing.
(14:21):
I really got to do that. Anyway, big shout out
to aid to Handle team. There. This next news item here,
which I thought was absolutely brilliant to hear Sarah from
Socius Dowt. They secured a two hundred and twenty thousand
dollar grant to build Chin and this is a no
code self identity platform.
Speaker 2 (14:39):
This is brilliant.
Speaker 1 (14:41):
There are so many people out there wanting to deliver
and build self so identity solutions, but this one here
lets you build it without any code and this brings
down barriers to entry hugely, making a lot easier to
use identity systems. Now. I believe they do use a
Taler prism. They implement it long time ago on their platform,
(15:01):
but now taking this to the next step and make
it even easier to implement is the key here, so
more people can use it and bring this type of
solution on chain. So this is absolutely amazing, Sarah, congratulations
on that. Hopefully we do get to see more of this.
There is a demo of this coming up at the
Tech Impact Tech for Impact summit coming up really soon
(15:23):
in Japan as well, so I'd love to see that presentation.
Hopefully it's recorded, Please let me know. This next news
item here is around Finess and there are rumors now
that there are bringing gold very soon to the Kadana
Ecosystem tokenize gold through their platform. We don't have any
details yet, they're just teasing this out. We don't have
(15:44):
any idea of their gold custodial partner, who is actually
holding the gold, or who they're selling it through, so
we don't know any of those details yet. But to
get to this point requires a huge amount of legal work,
so really good to see. This is a lot more
exciting than granite sewing rocks. Sorry guys, but it is.
(16:06):
Gold is a much more desirable asset to purchase. So
hopefully we see this one on soon, and hopefully the
mint is a little bit bigger so I can actually
participate in this one as well. There was a limited
amount of granite that was sold through their platform, so
hopefully we're see more gold here so I can actually
participate as well, rather than it's selling out before I
can jump online. And the demand for these real world
(16:29):
assets is massive. Patrick will be at Token twenty forty
nine in Singapore later this month and they're running a
round table and they limited it to seventy five guests.
There's space limitations for a real world event, and there
are almost at five hundred sign ups of this one here,
so that's absolutely insane. There are a lot of people
(16:51):
interested in real world assets and this is a really
clear indication that they're in the right space here. So again,
hopefully I get to see some of these presentations. Unfortunately
it won't be going to any of these events this year,
but maybe some of this will be online, may be recorded.
Maybe Patrick, you can put an iPhone in the background
and record it for us. I'd love to see what
(17:12):
this is all about. Now, this other platform here Create.
In my last news update, I mentioned that they were
having issues with their upgrade. A lot of people having
some issues with the upgrade post chain and they had
to look into sunsetting the platform.
Speaker 2 (17:27):
But good news, Create is back.
Speaker 1 (17:30):
Create is one of those platforms that a lot of
artists in the Kadana space use, and you can see
here from all of the quote tweets from all of
these artists people that use the platform, they are so
happy that it's back. So we are back with a
platform for artists within the Kadana's space, and we're going
to see hopefully a lot more more more attention to
(17:51):
this as well. It's one of those platforms that comes
and goes with waves and trends of NFTs, but hopefully
we see more artists use the play platform again and
more attention.
Speaker 2 (18:02):
Is around it. There's a lot of really cool stuff
that's been launched on it now. My state pool.
Speaker 1 (18:06):
I did mention it in one of my last news
updates that it did have some problems post chained hard
Fork as well, but it seems that it's all smooth
sailing now. We haven't missed a block, we haven't had
any propagation time issues either. We've minted every single block
that we've been assigned so far this epoch, So I'm
really happy with that performance of the pool now as well.
(18:28):
So thank you everyone that is still delegating to eight
to oz. You guys absolutely rock. Thank you so much
for that support there. And I'd also like to do
a quick shout out for all the members of the
channel here. Here are all the Channel members at the moment.
You guys are absolute rock. For a small little fee
every month, you help support my coffee addiction. So if
I've got about fifteen members on a regular basis here,
(18:49):
so there's thirty thirty days a month. I would love
to get this up to thirty so I can have
a coffee a day that'd be absolutely brilliant, but you
guys absolutely rock. Thank you so much for supporting the
channel this way, and if you haven't yet subscribe to
my new channel, I do have a new channel dedicated
purely to tutorials. Whenever I post toatoros on this main
channel here, it bombs, it takes, it takes my viewerships
(19:13):
down several hundred views and as a result, the next
videos that come out also tank as well. So I'm
trying to change it so it works better than a
YouTube algorithm. So if you want to tours, so, if
you want to learn things how to do things in
the Cadina space, make sure you subscribe to this channel
here and you'll get these tutorials where you can actually
go through governance. You can learn how to stake various assets,
(19:37):
you can do trading, you can do derivatives, all sorts
of things. I'm going to be posting it all there
and that that's all I have in this particular condona
news update. Thank you for watching all the way to
the end here, and make sure you hit that thumbs
up subscribe notification belt on your way out, and I'll
keep your guys up to date with all this drama
that's happening in the Candana space. I'll see you in
the next video.
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