This episode dives deep into a huge week of Cardano ecosystem updates. Strike Finance expands perpetual futures, Fluid Tokens rolls out Babel fee infrastructure, Flux Point acquires Saturn Swap, and Iagon grows to 26PB of storage. Plus, Liquid’s lending features, Tokyo’s Bitcoin integration, and more. Essential listening for Cardano DeFi followers.
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Episode Transcript
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Speaker 1 (00:00):
All right, guys, a huge amount of updates. There was
a bit of fud over the weekend. I'll touch on
it slightly, but I won't dive too deep into that one.
We also have updates from Strip Finance, Fluid Tokens, Liquid Finance,
Flux Point Buying, Satin Swap. That one's pretty interesting. You
have updates from Igon Tokyo Wallet, massive amount of updates
from them. Actually a bunch of ecosystem projects as well,
(00:21):
some of the smaller ones out there.
Speaker 2 (00:22):
Lots to go through here.
Speaker 1 (00:23):
Oh and by the way, I also have more of
those achin I can achin books if you'll learn smart
contracts on Kadano. I've got some more book giveaways, so
make sure you watch the end so you can find
out how you can.
Speaker 2 (00:33):
Get a copy of that book.
Speaker 1 (00:34):
Hey everyone, I'm Peter Berry. If it's first time here,
you know the drill thumbs up like subscribe notification bell.
But let's get into this. There's a lot to cover here.
And the first one here is that fud that we
heard over the weekend. And I didn't want to cover
this one at all, but I just had to touch
on it slightly here. And it's all about the amount
of vouchers some unclaimed vouchers that were in the Ecosystem's
(00:55):
about three million, thirty million, no, three hundred million, eight.
Quite a lot of eight are out there, and there's
a lot of accusations going around, but I don't have
all the evidence. I don't know the truth about this,
So I don't want to cover the details about this
because I don't know if I'm spreading the fud itself.
But there's a lot of mud being thrown around, and
it's between the founding entities. Even so, this is something
(01:19):
that I personally think should be hashed out behind closed
doors and then a proper media release and press release
put out afterwards to clear all this up between all
of the founding entities so that people understand what was
going on rather than speculating, accusing everyone and each other
and you know all that stuff. So it's something I
(01:40):
don't really want to really think about. And this kind
of fud only really affects people within crypto Twitter or
the people that are on X constantly twenty four to
seven and spend all their time on it over the weekend.
Speaker 2 (01:55):
The majority of people don't do that.
Speaker 1 (01:57):
Retail doesn't do that, and if you have a look
just on on YouTube and you search for a Kidano,
there's none of this in there. Like people seriously do
not care. They all they want to know is is
AIDA's price going up? I don't do any of these videos,
like when should I sell thirty five million rally tree?
Speaker 2 (02:17):
I don't know.
Speaker 1 (02:18):
I don't do any of these type of videos. I
don't even know what they're talking about here. But mother status,
that's good, it's good Gina Gianna. It's good to see
that she's still pumping out videos. But beside the point,
all these videos here are just about price prediction and
when Aida will absolutely moon, and I just don't cover
that type of content. So that's what people want. That's
(02:40):
what people want to know. When will I be able
to retire on the amount of ADA that I got?
They don't care about all this fud So let's concentrate
on the good stuff here. Well, not necessarily price predictions,
but there's good stuff that it's building within the ecosystem.
There's a lot of builders constantly building. They hear of
this fudy. It distracts them. They don't need this. Okay,
(03:02):
That's what I'm going to say about this I'm going
to move on first update here. First a serious update.
Let's get into Strike Finance, and these guys are just
nailing it a week after week with the extra liquidity
coming in. So at the moment, the Strike Finance team
are the ones that are putting in the liquidity for
all of these long and shorts on their platform, the Perpetuals,
(03:26):
and they've added in more liquidity, so they've moved into
the next phase here. Let's see what their stats are
so far. We've processed six one hundred and eighty two
transactions and made seventeen eight hundred and fifty two in fees.
Speaker 2 (03:41):
That's great.
Speaker 1 (03:42):
It's not even a week since they launched, so this
is gaining a lot of traction. The one hundred k
eight is supplied to the protocol is on pace for
over eight hundred thousand in revenue this year. That is fantastic.
Like I told you guys, Perpetuals is big on the
other ecosystems. Perpetuals have really driven the growth of DeFi
(04:07):
on their platforms, and Perpetuals now on Kadano is going
to do the same. Anyway, we started working with some
Cadana projects to integrate perps directly into their platforms. The
next wave liquidity will be added soon and use the
LP deposits should be opened.
Speaker 2 (04:23):
Later this week.
Speaker 1 (04:24):
This is really cool to have perpetuals and this type
of leverage trading on Kadana is something that is really
a peeling. So a lot of the smaller investors out
there can put in one hundred eight to two hundred
eight and ten x the their positions because of that
extra leverage. Of course, you can be liquidated and lose
it all, but that's the risk that you take. But
(04:46):
you can get those massive gains now. And it's really
appealing to the smaller retail players out there, so they
can get into the market and make some decent gains.
So this is really cool. Perpetuals are definitely something that
Kadano needs now. I entered into the space as well,
so I went into a long position in my members
(05:06):
only video it's members only at the moment. It's called
bag Building. It's a new series that I've put up
about trading and making these type of gains. Looking for
these opportunities. I've gone into at least one long position there,
we go, one long position here, so I'm already losing
money on that one, but that's okay. I'm going long here.
I'm looking for the long term. The best thing about
(05:27):
the perpetuals is that there's no time limit. I can
hold onto this until it does hit one dollar and
I can make a massive gain and profit off that.
I went on a three x leverage for this particular
one here, but you know, I may open more and
more positions depending on how this one goes. But there's
also the ability here to put in a stop loss
(05:48):
and to take profit. So I can put a stop
loss in here at a USD value. I can put
it at you know, like seventy one cents so I
won't lose too much. Or I can take an automatic
take profit when it hits eighty cents, and you know
that will be a quite nice increase in my three
x leverage.
Speaker 2 (06:05):
So that's okay. It's it's got.
Speaker 1 (06:08):
Those automations in there, and soon in the future we'll
be able to actually add more liquidity into our positions
so that way we can manage our risks better. But
that's coming soon. But Strike Finance doing a phenomenal job
of driving in liquidity onto the chain, so this is
definitely something I'll be playing around with more and you know,
(06:29):
congrats on the growth strike finance. You're doing amazing stuff.
Next new story here is from fluid Tokens and they
have essentially announced what they're doing next.
Speaker 2 (06:39):
We are working on a.
Speaker 1 (06:40):
Trustless bridge integration that will leverage Kadana stackpool operators. You beauty,
I'm a stakepool operator. I could do with more revenue
and if I run some code to be a part
of this decentralized trustless bridge, that is really good. If
you see my video on how to set up a
Cadano node at home, it's on my other YouTube channel,
(07:02):
so you have to get to it at YouTube dot
com slash learn Kadano dash Tutorials. It's a dedicated tutorial
channel and I go through how to set up a
Cardano node, run it from home and do all the
things that you need to do to manage the node
to keep it secure and all that. But this here
is really cool because you may be able to run
(07:24):
this code on a node itself and be a part
of that particular network. Awesome stuff. Now. The other thing
that flud tokens have done is their aquarium nodes as well,
and these are really good stats for the first initial
launch of the node network for Babel fees on Kadano.
They already have eight Qureium nodes registered, more than forty
(07:46):
automatic transactions process to depth integrations coming. That's the big
thing there. I don't know what depths they are. I'm
really hoping it's minswell, and I'm really hoping it it's
something like dex Hunter or steel Swap, or maybe not
steel Swap because they don't have those extra fees or
(08:07):
a token at least dex Hunter, because that means you
use a dex aggregator and use the Hunt token, which
is the token for dex Hunter, to pay for all.
Speaker 2 (08:18):
Of your fees.
Speaker 1 (08:19):
So if you are an early holder of the Hunt token,
you could do all your trades in DeFi with that
extremely cheap Hunt token that you would have gotten back then.
So this is really big news and I really do
hope more DEXes take up Babel fees and use a
quarium for this really cool stuff, guys. Awesome work from
(08:42):
the Flull Tokens team. Now, if you want to get
to all the show notes for this particular episode, you
can do so by going to Learncadana dot Io. I've
got all the ex posts here, all within the show notes,
so you can get to it as a reference if
you need to.
Speaker 2 (08:58):
Of course, you can always search for them.
Speaker 1 (08:59):
You go to the ex accounts of all these people
the projects, but you can find all of that at
Learncardano dot io. Now, the next news story here is
around flux Point Studio and they have purchased Satin Swap.
So flux Point Studio for those that don't know, are
the team behind this particular agent here. This is agent
(09:22):
I think there's agenttic T. This is a bot an agent,
an AI agent that is being integrated into trading within
the Kadana ecosystem. So you'll be able to use this
agent to perform trades and transactions within their ecosystem.
Speaker 2 (09:40):
And it seems like.
Speaker 1 (09:41):
They're going to integrate it in with Satin Swap, which
they have now purchased or acquired. I don't know the
dealings there, but they now have their own decks that
they will be integrating into. And the good thing about
Saturn Swap unfortunately the founder has left the ecosystem. That's
a whole nother drama that I won't get into, but
(10:01):
the founder has left the ecosystem and now the fox
Point studio will be integrating in. But the good thing
about that's what was that it's a batcheerless decks. It
uses order books, so it has all these orders online
and then it has a matching system where it could
match all the transactions of the buyers that sells whatever's
happening on the chain itself. So it was really good
(10:25):
in regards to that, and it was really fast. So
this is really appealing because then the agent can hook
into that and do some really cool trades off that
based on you know, what's happening in the ecosystem. So
we're beyond excited because owning the decks is one of
the last puzzle pieces that turns agent into a fully
(10:46):
reflexive asset trade compute, burnt lock, repeat, stay tuned. The
cosmos is just tilt in our favorite. That's pretty cool.
I'm pretty excited about that.
Speaker 2 (10:57):
Now.
Speaker 1 (10:57):
The founder of the platform has been teasing out a
lot of flow diagrams and things that they're building. So
this is decimalist. I had a chat with him a
while back on video call with about some other things.
It does a lot of the gaming side of things,
and you know, I love that stuff. So if you
haven't checked out some of these games, check out some
(11:20):
previous interviews and previous videos that I've done. I'll put
links down blow for you. But this is the agent
inference pool participation flow. Now, at a glance, this may
not make any sense to you whatsoever, but let me
walk you through this so you get an idea of
what's happening. So a job processing and fee flow. So
(11:41):
a job when it comes in. So maybe you're using
the agent, the AI agent to tell to work out
when I should be buying or selling AIDA against USD.
So you're putting the job in and it will process
that for you. It will take a fee, a fee
in AIDA, and it will split that fee whatever it
might be might be. Let's say it's one eightent, So
(12:03):
seventy percent of that if you follow this line here
goes to operation costs. That's the seventy percent it goes
off and continues. If other thirty percent here goes into
autobui off the agent token on the decks and that
and then sends that to steakers. So the more the
AI agent is used, the more fees that are collected
(12:27):
and sent to anyone is staking agent tokens how cool
is that. So this becomes an automated process with the
smart contracts and with the AI.
Speaker 2 (12:37):
Integrated into it. Majorly cool.
Speaker 1 (12:39):
Now, you can't stake your agent tokens yet, but this
is something a feature that be coming soon, So if
you have any agent, I'll be keeping an eye on
this to see when this is integrated in so that
users can start using the AI agent and start processing
transactions and generating those fees because it will go straight
(13:00):
back to the agent holders that are staking on the platform.
Really cool stuff, So keep your eye out on what
Flux Point Studio is doing with their agent and everything
that the studio might release next. So this is majorly
cool stuff. Now, while I've got your attention, I just
want to do a big shout out to all the
members here, all the members. You guys pay for my
(13:21):
coffees on a regular basis, on a monthly basis actually,
and I really appreciate every last one of you that
have done so because it really keeps me going on this.
So if you are an avid supporter of the channel,
if you really want to get your hands on some
exclusive content, which I'm starting to create more of, you
can do so by becoming a channel member, you can
(13:42):
buy me a coffee. You could be a monthly medium
coffee supporter as well. But these are all my awesome
channel members at the moment. It's growing every single day,
so I'm absolutely loving it. So keep on going, guys,
if you can, if you do have the means, consider
it if you can, but you know, if you can't,
totally cool with that.
Speaker 2 (14:00):
I ask of you.
Speaker 1 (14:01):
Then is if you can hit that thumbs up that
like subscribe notification bell and that also really helps me
with the channel.
Speaker 2 (14:07):
Now.
Speaker 1 (14:07):
The other thing I mentioned is that I'm also delegate
representative going through all of these governance actions on chain
and voting on your behalf. So if you want someone
to delegate to check out my brand new derep profile here.
You can get to it derep dot learncadano io. All
the information on how to delegate is here and all
you need to do, which is really cool, is connect
(14:29):
your wallet whatever it might be, create an account in
the background, and then here you can click on delegate
and it will process a transaction for you, and then
you can delegate directly to my de rep id from
the website itself, so it makes that delegation process to
do your so much easier, So do check that out
if you're interested. I am also a staatepool operator, so
(14:51):
you can delegate to my statepool. Search for the ticker
aid to OZ or the pool id there and you
can delegate your aided to my statepool. There's about five
thousand delegates. Appreciate every last single one of you, guys.
The very last thing I mentioned is that we also
have built this plug in called Kadana Press, So if
you ever wanted to build adap that connects to the
Condona ecosystem, you can use this plug in for WordPress.
(15:14):
So WordPress powers basically half the Internet, and you can
use that builder to build a website. Use this plug in,
which is completely free, and it allows you to connect
your Kardano wallet to the website and from there you
can do simple things such as authentication with NFTs or
(15:34):
read what NFTs on your wallet and it will sign
a certain permission. So it's essentially NFT gating or statepool
gating or all sorts of different combinations, and you can
do membership websites and all sorts of things. So it's
really cool plug in and you're not hard to encourage
you guys to check it out if you were considering
building something on the Condona ecosystem. Right, let's get back
to the news updates. So this news update here is
(15:57):
from EGON and so this news update here is from
AIGON and this is their ecosystem insights for May this year.
And check out these stats. They've been growing amazingly. Total
storage reached twenty six point four to nine petrobytes.
Speaker 2 (16:14):
That's insane.
Speaker 1 (16:14):
I don't I can't even fathom how much video content
I can put on there. I'm chewing through terrbytes at
the moment, so nowhere near petrobytes.
Speaker 2 (16:26):
That's insane.
Speaker 1 (16:26):
Anyway, They've got six hundred and ninety one storage nodes,
that's amazing. And I have and they're active in thirty
five countries three hundred and forty six cities around the world,
fully decentralized.
Speaker 2 (16:39):
That's amazing.
Speaker 1 (16:40):
The amount of IG's token states is at three is
at seventy eight point three eight million, that's amazing, with
two hundred and ninety active subscriptions continuing to engage within
the ecosystem, so they're amazing insights. Would be great to
see this subscription number grow and more people actually use
the the service for storage. I know they've got a
(17:03):
lot of enterprise customers, so you know, one subscription there
could be you know, a petro BYO of storage. Who
knows exactly, but the are definitely enterprise clients within that
two hundred and ninety subscriptions. Now that also host two
hundred and eleven websites. That was one of the really
cool things that they have within their platform. You can
(17:25):
use it to host websites. So I could actually go
back and deploy my derap website onto their platform.
Speaker 2 (17:34):
You know what I probably should. I should probably.
Speaker 1 (17:36):
Deploy it on there as a static site because essentially
is a static site. Deploy it on there and use
the you know, decentralized storage to deliver the site.
Speaker 2 (17:45):
That would really be the icing on the cake. I think. Actually.
Speaker 1 (17:48):
The other thing that the guys have got is the
staking of their their tokens within the ecosystem. They've got
a couple of staatepools that you can delegate to. They've
got the IGL one and IGL two that you can
stay to helps power the IG buy back, meaning more
IG rewards go back into the hands of.
Speaker 2 (18:07):
The supporters just like us.
Speaker 1 (18:09):
Well, I haven't staked my iog tokens yet, but I
definitely will, so check that one out if you want
to earn some extra rewards. But you do have the
ability to provide liquidity on the program here that LSPO program.
It's been live for quite a while, but they're moving
away from the old phase based model and is now
a rolling long term program where new tokens can be
(18:30):
added any time and rewards last for a full year
per token cycle. So it gives you a lot of
flexibility and more reasons to be involved with staking. So
you can stake within any of these protocols here and
you can earn various different tokens out through the program.
So this is awesome stuff from the Egon team and
a nice way to earn through their program. So if
(18:52):
you're a believer in the project and you have some tokens,
the idea is that you might as well stake them
within the ecosystem, so that way, one you're not tempted
to buy, not to buy, not to sell them in
the future for at least a while, but then your
own rewards for doing so, so they're rewarding your loyalty essentially,
(19:12):
So it's a nice way of earning some extra tokens
for staking on the platform. So awesome work from the
Egon team, and I'm expecting some really big news. Yet
they hinted at it. They hinted that they're partnering potentially
partnering up with a Fortune fifty company. They're not fortune
five hundred, you know five hundreds a lot of companies.
(19:33):
This is the within the top fifty. It could be
the fiftieth, it could be fortnight that I don't care.
It's right up there. But I don't want to talk
about too much because they haven't provided any details or
a proper release yet, so it's not we're just speculating. You.
I don't know who it is, what it is. We
can go through the top fifty list and work out
which one of them would potentially use storage or decentralized compute,
(19:54):
but it could be all of them. Anyway, I'll talk
about that when the actual release comes out. Now, this
next news update here is from Tokyo, and I have
to say it is definitely the wallet to be using
if you are an avid Bitcoin fan and Cadano fan.
It's the lights here, orange and blue. If you're a
(20:15):
big fan of both those ecosystems, the team from Tokyo
have integrated in both of those ecosystems seamlessly. So let's
go through some of these updates they have here. So
they've launched a brand new revamp of their UI. I
have a brand new explore tab, rewards tab, and sinking
and chaining, all improving the UX of the platform itself.
(20:37):
So they've got a revamp of the platform, and you
can see the video here.
Speaker 2 (20:42):
Let's see that.
Speaker 1 (20:43):
You can see the new explore area and they've got
a brand new rewards area so you can visually see
what's happening in the ecosystem and how much you're earning
for staking. So that's a really good UX improvement. But
they've also improved sinking of the wallet, so before we'd
have to wait a little bit for everything to happen,
(21:04):
but they've improved that process so that it's a faster
user experience overall. So it's not Godano, it's cashing and
all these things that they're implemented in to make that
experience faster. Now, the other thing that they've added to
make things faster is transaction chaining. Now, this is really
cool because when you are submitting a transaction online, you
(21:25):
have to wait for that to hit the chain, and
that takes a little while, so it will hit the
chain and then you have to wait and then then
you can submit another transaction. But what transaction chaining does
is that because the wallet knows that you've spent that
data in a particular part of your wallet, it can
use another part of it that hasn't been touched yet
(21:47):
to do the next transaction. So it knows that it
can add that brand new transaction to the previous one
and then continuously submit them one after another because it's
not interfere with the previous one, so that you can
do four or five transactions sequentially really quickly, and they
all hit the chain at the same time and use
different parts of your wallet, which add up to your balance.
(22:10):
So it's a really smart way of submitting those transactions.
It's called transaction chaining, and I'll try and find some
documentation about it. But another wallet implemented called Typhon. They
were the first ones to do it, and they gained
a lot of traction behind it because of that really
fast user experience. I think it's something that all wallets
should implement. I think it's an awesome improvement for what
(22:32):
the Tokyo team have done there. Now, this next update
that the team have done is they've simplified the bitcoin
experience and have put everything in the ruins area to
be priced in SATs or satoshi's. So that's the smallest
unit of measure of the bitcoin. So you have bitcoin
and then the decimal places of that. It's not like,
(22:53):
you know, zero point zero zero zero one bitcoin is
one satashi, So that way you can work out and
visually see how much your asset is actually worth compared
to one bitcoin. So it's a little bit of a
nicer way of viewing your wallet and getting a better
idea of how much it's actually worth. So here we go.
(23:14):
This is a nice explanation of it. The satashi or
sap is the smallest unit of bitcoin, using as a
unit of measure to transact invest and price goods and
services in a manageable amount. Even as bitcoin value rises.
SATs make Bitcoin more accessible, practical, and user friendly as
a global digital currency. So that is the idea of
(23:36):
putting the sap value into the interface so that you
can actually see the value of these rooms on there.
Otherwise it would just be like zero zeros or a
point one BTC and yeah, who wants to read those
decimal places anyway? So here you can actually see that
it's got the decimal values in us D under it,
and you can see it gets very very small depending
(23:57):
on how much you're holding. So having these decimal places
with BTC as well just makes it really hard to read.
So Pavy and Stashi's makes it so much easier and better.
So awesome work there. This other update here is that
the upgrade the addresses so now use tap root addresses
on Bitcoin, So our received function now defaults to tap
root addresses the BC one p A prefix instead of
(24:21):
the segrad witnesses SegWit is like, well, I think that's
back in twenty seventeen or twenty eighteen, so the tap
root one is much much new. I don't know when
taproot came out, but it's the better version of the
addresses and has privacy upgrades, lower fees, future proof and
also scalable as well, so it's definitely better to use
(24:41):
the tap root addresses. The other thing they got here
is now that you can send and receive dog btcs
and rooms using an AIDA handle. What that's interesting? Something
I missed here? No I didn't miss this, I knew
with an aid to handle. The aid to handle you
put in a Kadano address and it makes it easier
(25:02):
to send assets from person to person. You can just
provide your aid to handle and you can send assets
directly to it. The wallets will resolve that handle. But
now you can actually put your Bitcoin address in there
as well, so now your bitcoin address will map to
your bitcoin wallet and whatever handle you have just you
(25:22):
can give to people and it just makes it easier
to send between peers. So it's a really nice way
of sending assets to one another so they can done.
A Bitcoin revolution is well and alive.
Speaker 2 (25:33):
On toko.
Speaker 1 (25:34):
Use your handle to send or received not just b TC,
but dog and other runs to You can find out
how to link your AID to b t C address
with your aid to handle down below. You can follow
this videto or it's pretty easy to do. So awesome
stuff for these projects are integrating bitcoin and just embracing it,
so really really cool stuff there. Now this one here,
This is just a minor update kind of thing that
(25:56):
they put in. But you can have dog wallpaper as
your wallet background. You can customize it to whatever you want.
But you know having a proper dog theme is you know,
good for all those passionate people that are dog holders.
Now the last one here at this is a pretty
good one. And this is a strategic partnership with SATs
terminal and they read here, I read here, We're thrilled
(26:19):
to partner with the leading decks aggregate for runes on
Bitcoin SAT's terminal. Through this partnership and integration, you'll be
able to swap runs in app. Now I haven't tried
it myself yet. I really need to swap some assets
and get some exposure on the bitcoin ecosystem. But you
can do that directly from the wallet.
Speaker 2 (26:38):
You can.
Speaker 1 (26:39):
You can load up your wallet with some AIDA and
then swap it for BTC. How cool is that one
wallet and you can integrate and flow through either ecosystem.
So that's the experience that Tokyo are going for. And
as more DAPs on the Cadono side start to integrate
in features of the Bitcoin ecosystem, when we have more
(26:59):
of this cross and capabilities, Tokyo is poised to be
the leading wallet out there for this. So we've got
some other players as well, but Toko is definitely leading
the charge. So if you haven't checked out this wallet yet,
please do check it out. They're definitely leading the way
with the Kadana and Bitcoin charge. This update here is
(27:19):
awesome and I didn't know what was happening with liquid
Finance in terms of their future roadmap, and we've got
some hints here in regards to what they're doing. Three
upcoming versions of liquid Finance liquid v three for Kadana users,
so upgrade smart contracts, optimization, speed improvements, and fee reduction,
so you know, all the good stuff that we expect
(27:41):
for improving DAPs. But then we also have a pro
version for institutions, so this is where large amounts of
liquidity is coming in. The last thing they're doing here
is liquid BTC portal well Bitcoin users, so they're embracing
this Bitcoin charge. This this movement from Kadano in with
the bitcoin ecosystem opening up defive for bitcoin users, so
(28:04):
they are probably going to be the borrowing a lending
protocol for bitcoin users. But I really think Liquid Finance
has captured that market a lot better. They've gotten early
and they have a really big footprint and a lot
of yield rewards now. I know from along my YouTube
(28:25):
comments when you state when you see high yield rewards,
you think, hmm, rug pool scam. I don't think so
in this case, And let me show you this next
bit why. They have a really interesting way of how
the interest rates work within the liquid finance ecosystem. And
it is a dynamic rate and it's and it's powered
(28:50):
by market utilization. So it's not just a interest rate
that is set within the platform. The interest rate changes
based on the utilization of that particular asset. So for
you going into liquid finance, you may be providing liquidity
as USDC, USDM, USDA, whatever stable coin it might be
(29:11):
JED for example, and the more of that liquidity that
is added into the platform, that kind of gets diluted.
And if no one's using it, what's the point. Everyone's
putting in this liquidity and no one's actually borring it
and you know, doing some cool things, so hence you're
just giving away assets for free. So this way, with
(29:32):
this dynamic rates, they're actually change it based on how
much it's actually being used. So if the user, if
the platforms are actually using it, then it will actually
change based on that usage. So let me go through
this thread so you get a better understanding of it.
How does liquid calculate interest rates. It's not guess work.
(29:54):
It's dynamic, dove driven, and talied per asset. The model
automatically adjusts based on real ti time supply and demand
in each market. So let's break this down. Here we
go problem inflexible interest rates break markets on liquid. Interest
rates adapt instantly, responding in real time to the market utilization,
(30:14):
ensuring liquidity remains balance, capital stays active and markets function efficiently.
Enter the utilization rate this is a percentage of supplied
assets currently being borrowed. You are equals total borrowed divided
by a total supply high. You are higher broad interest
high supply API. The kink point model balance plus protection.
(30:40):
Each asset market has a defined utilization threshold. The low
kink equals steady rate increase beyond kink sharp rise to
discourage further borrowing to encourage further supplying. This keeps markets
liquid under stress. Each market is uniquely tuned based on rate,
(31:01):
the floor, the kink point, and stress zone slopes how
fast rates rise before after the kink. The liquid Dow
configures each listed token for borrowing with different interest rates
and models AIDA and jet pair for example, why it
matters more responsive than fixed rates, helps maintain liquidity, alliance, supply,
borrowing incentives across assets. Ready for deeper mechanics. Part two
(31:23):
drops tomorrow. Now there is a part two and you
can go through that one as well, But like it said,
it's a more detailed breakdown of how the interest rate works.
But all you need to know is that this here,
this interest rate increases and decreases based on all these
parameters here, and this kink point is different for different assets.
(31:47):
And if we actually have a look at the platform itself,
we can see the supply apy and the borrowing apy.
So this is how much will cost you to borrow
certain assets. So you can see costs you for USDC
here of cost you're thirty percent. That's that's really high,
all right, that's a really high interest rate. But on
the supply side here it's also really high eighteen percent.
(32:12):
So with such a high interest rate to borrow, it
discourages people from borrowing this particular asset. And then on
this side here, because it's so high, this API encourages
people to supply more of the asset. So overall this
this these interest rates encourage users to place more liquidity
(32:32):
into the platform itself. So obviously here we can see
that it's at a seven point four million total supply,
so I believe they're trying to.
Speaker 2 (32:42):
Go for more.
Speaker 1 (32:43):
There you can see the utilization of this is at
seventy five point one seven percent, so seventy five percent
of this seven point four million is being used at
the moment, so even at that high interest rate, so
I'm guessing when people vorrowed it, it was at a
lower rate, and as more and more people borrowed and
that utilization went up, we also saw this interest rate
go up. And of course this one's going up too
(33:06):
because they want more at USDC in the platform.
Speaker 2 (33:09):
So that's the.
Speaker 1 (33:09):
Whole premise there, to try and drive the liquidity into
the platform.
Speaker 2 (33:14):
So really cool stuff. I really like.
Speaker 1 (33:16):
Once I never took the time to understand these mechanics
because it really went over my head. But as time
went went by and I understood simpler platforms, I really
have come to appreciate how powerful liquid finance is and
the time and effort they've put into how the mechanics
(33:37):
and all this works. It just makes more sense to
me now that I've had four years to understand it.
It's taken me a while, but I've come around now.
Speaker 2 (33:47):
Guys.
Speaker 1 (33:47):
All right, so Eve of those liquid finance guys that've
been saying Pete, you need to look at liquid I have.
I get it now. It's really cool. I've missed out
though in the early early times. But yeah, it's also stuff.
You know what, It's getting even better and easier, So
that's seventeen percent apy. The begin Wallet team have done
(34:09):
integrations into their wallet into directly into liquid finance, so
you can mint a stable coin such as USDM, and
then directly within the wallet you can lend it out
and earn all in the same interface. So begin Wallet
they're integrating in stuff like that to make de fight
really easy for users. I haven't tried it myself yet,
(34:32):
but this is the interface that you kind of see here.
So you can mint USDM if you're in the US,
or in the on NBX if you're in Europe, and
you can start earning interest here by lending it directly
into the protocol via the wallet. Amazing stuff, so really
cool stuff that the begin wallet team have done there
(34:54):
taking advantage of what the Liquid Finance team have so
really really cool stuff. Congratulations on this particular integration. I
think it's absolutely awesome. Now we're moving into some of
the smaller ecosystem projects here, and I want to give
a shout out to this particular project here. I asked
for some you know, updates, like tell me what's happening
(35:16):
in the ecosystem and I'll give you guys a shout out.
And this is one here that I thought i'd give
a shout out to, And they reached out to me
via email and said that they're building a brand new
website which will cover everything in the Candano ecosystem, how
to get started, etc. But I thought this here was
something good to highlight and this is their ex list. Now.
Lists are great if you want curated content from certain
(35:40):
ecosystem players. So there's a lot of people that are
worth following, but there's a lot of people to follow.
So your account might have, you know, thousands of people
that you're following, and you'll dilute the focus of who
you're trying to follow. So you know, you may be
following cat videos for example, but you're also made be
following Kardano users, and this is a great way to
(36:03):
consolidate all those particular users that you want to follow.
Into one list and this here is their Kadano list,
and they curated all the projects and all the people
worth following within the Kadano space. I think it's brilliant
because it helps me curate content for you guys. So
this is something that you guys can follow as well,
so you can have a good list of projects out
(36:26):
there that are doing some really cool things.
Speaker 2 (36:28):
Now.
Speaker 1 (36:28):
Ada Stack this is their website at the moment. They
have a lot of introductory content around blockchain, around Cadano's
taking community ecosystem, DAPs within the ecosystem, and much much more.
So if you ever wanted a starting place, Aida Stack
is definitely a really good on rue to start at.
So you know, if you wanted some information that to
(36:48):
give to people, you'll be able to find it here.
It's pretty much covers everything. The other thing is Candano Cube,
the other website that you may want to look at
because it explores a lot of the DAPs in the ecosystem.
So this is it here Candona Cube, and they do
a really good job of covering and making sure every
project that is building on the Kadona ecosystem is listed.
(37:11):
They also have all the ones that have died off
as well, so if you want to go back into
time and find out what was building within the ecosystem,
they do have that as well, so you'd be able
to find it all there. But both these projects absolutely alsome.
Check it out a to stack, adostack dot io and
kardonacube dot com. Now my last video update, I gave
(37:32):
massive shout out to Vesper because of all the partnerships
that we're doing, but this came out right after and
they are open sourcing parts of vesper wallet, So I
think this will be the first mobile wallet, could be
the Yeah, no, no, definitely the first mobile wallet is
open source, not completely open source, but a lot of
(37:53):
it is, so I probably wouldn't feel comfortable open sourcing
how the wallet part is created for the general operation
or sending paths, smart contract integrations, whether it might be
open sourcing, that probably is a good thing because then
you can get that audited too, and then I'll feel
much much better to know how the well it works
(38:14):
if it has a third party ordit. So this is
a great move by the Vesper team, So congratulations for
going down the open source path. Now talking about audits, Massumi,
these guys are building the payment rails for agents. So
remember what I was talking about before with AGENTIC and
their agent and their payment flow here. Essentially what they've
(38:35):
got on the Massumi network is those payment rails, so
that particular AI agent could use their payment rails to
make all those smart contract payments smart contracts being done here,
why double up on work. You can use the smart
contracts here to make those particular payments and do that
split revenue sharing between your stakers and the operational costs.
(38:57):
So really cool stuff. So congratulations to the Massumi guys
for getting the audit done. And if you want to
read the order yourself, Patrick has put up the audit here.
It is done by tx pipe and you can read
how the smart contract was audited and all the details
behind it. So it's all there for you guys. We
can actually check and review how it was ordered and
what was fixed, what was improved, and what potential vulnerabilities
(39:21):
there were. This next update here at Jerro Wallltt. I
did mention these guys in not the last but I
think the video before that, and they were working on
at this integration of the Google account into your dashboard
on the Jerro Waltlett dashboard, so you can log in
and create a wallet with your Google account.
Speaker 2 (39:40):
Here you go.
Speaker 1 (39:41):
So the user comes in, clicks on Google signing, They'll
choose their Google account type in their wallet name, and
then they're sending pass it not their Google account password.
This is sending password for their wallet that goes away,
gets created. I have no idea about the mechanics behind
this with zk fold and how the that works with
their zero knowledge proof side of things. I think they
(40:03):
had a callous proposal to create this solution, but Joe
Wallett looks like the first one to integrate that solution
directly into the wallet. And see how easy that was.
See how easy that was. So normally, when you create
a wallet, you have to create or use your seed phrase.
That's that twenty four word or fifteen word seed phrase
(40:23):
that you have written down somewhere and secured. In this case,
you're just using your Google account. Your Google account is
a password that you usually remember and hopefully you don't
ever get it hacked. But you've got two factor authentication
on that, so it's a lot harder to hack, especially
if you have that two FA on. So it's a
(40:45):
really cool way of onboarding a regular normy user that
isn't used to seed phrases and all this complicated security.
So really cool stuff here from the Joo dashboard team.
I think they changed it to Jero dashboard, wallet dashboard
or just Jero dashboard, Jero dashboard.
Speaker 2 (41:04):
There we go.
Speaker 1 (41:05):
So awesome work there, guys for integrate there in looks
really really cool. Now this here is a bit of
an older news story and I mentioned it a little
bit before as well, but this is the integration with
Bidega Markets and Sundial. The article here was written up
and placed on Finance and there's a lot of eyeballs
on Binance.
Speaker 2 (41:23):
I think it's.
Speaker 1 (41:23):
Called town square or marketplace, what's it finance square.
Speaker 2 (41:27):
There we go.
Speaker 1 (41:27):
Now this here, it isn't written by Binance. The square
here byett Square. Anyone can post news stories up on
here and they curate them and if it's a good
news story, they'll allow it to be post But this
is some of the details around this particular integration with Sundal.
Let me get you the details here. So Bidega Markets
(41:48):
to use centralized prediction markets is integrating Sundial and Sundal
connects Ada with bitcoin through an L two tech. So
they're in L two. I believe they're building on Midga
and they will allow fast and transactions. But then also
the cross train cross chain interoperability between Bitcoin and Cadona,
(42:10):
so it's welding the two massive ecosystems. Bitcoin holders can
now interact with Condona smart contracts via Sundial. This is
more liquidity, more users, more opportunities, awesome stuff. Condona developers
now gain access to bitcoins and the cuity without waiting
for sluggish l one bridges.
Speaker 2 (42:29):
That's the idea here.
Speaker 1 (42:30):
So this is big for anyone that is integrating things
in so if you are building adapt you should probably
consider looking into Sundial and what they have to offer
to make this a reality. So awesome stuff there from
the Badega team and the Sundal team. I can't wait
to see bitcoin users start using prediction markets on Kadana.
(42:54):
Now talking about Bedega markets, that's a nice segue there.
But this is looking at the growth of the platform
and they've been doing really well. Just like strip Finance,
growing stronger and stronger. The Badega team have also been
growing and taking everything within their strides.
Speaker 2 (43:11):
This is really cool.
Speaker 1 (43:12):
Let's have a look at the liquidity here on DeFi Lama.
You can see the stats here. I've put up the
Bidega price cross reference with the TVL and you can
see they're kind of coming in line here with each other.
So as the TVL goes up on the platform, there's
more usage, so is the price of the Badega token
(43:33):
as well. I don't know what Bidega means. What is
that name? If someone knows, please let me know in
the comments. I have no idea what Badega means, but
this is really good to see that one of Cadano's
recent launched, recently launched platforms is doing so well at
the moment. So they launched just I think just before
or after the US elections in November. Now, I thought
(43:55):
I'd give this a go and put a bet down
on one of the prediction marks. And this is something
that's you know, the one I chose is probably an
obvious one for those that don't know.
Speaker 2 (44:06):
I do box.
Speaker 1 (44:08):
I enjoy going through crypto markets, looking at the technical
things here, building some really interesting integrations with Condina Press,
but then girding into the ring and punching the shit
out of someone. I absolutely enjoy it. So Anyway, that's
a sidetrack. This fight here, use can do what I
think is going to be a really cool fight. So
(44:30):
Usek is a world champion in the cruiserweight division and
he moved up to heavyweight. He unified all four belts.
I train at the gym where gipp Attire is training,
and he's got two of the belts now in the
cruiserweight division and he's moving up to get the other
two belts. So you know, I love this division here.
And Usek and I both south walls, so they fight
(44:53):
with their right foot forward as opposed to their left foot,
So personally, I think that's a major advantage. Hence I
am placing a bet down for Usik to win. Only
put one hundred eight to down. You know, only put
in what you can afford to lose, and one hundred
eight I can afford to lose. It's essentially one hundred
and forty one hundred and seventeen Australian dollars at the moment,
(45:17):
so I can afford to lose that It will be
still painful, but a win would be better.
Speaker 2 (45:22):
Anyway.
Speaker 1 (45:23):
The point is, I participate in but dagger markets and
I think it's something that you guys can try out
and you know, have a little play with it. It's
essentially just a gambling betting within the Kadona ecosystem. But
they've done it in a nice way with the prediction markets.
If you look at polymarkets, the Polka Dot, not Poka dot,
(45:43):
the polygon version of this, they have a massive evaluation,
they have a massive amount of people using their platform.
And during the US election, that's when they absolutely nailed it.
The prediction market essentially predicted every single state and person
(46:04):
to win, So they picked which one was going to
win in every single state. That is crazy. I could
I didn't verify that, but that's what I read in
a lot of the news stories. You know, the polsters
out there, the people that are doing the exit polls
or whatever, they're pretty accurate. But the crazy accuracy of
(46:26):
the prediction market on polymarkets was insane because they got
it down to like a tiny fraction of difference to
the real result. So you know that this is the
power of collective conscious, collective mind going into a platform
and putting in money, you know, where they believe things
will go, and that essentially really showcased who was going
(46:50):
to win that particular election, So the prediction markets, they're crazy.
Definitely the future here and all this data that is
coming in is something that people are watching as well,
So it's not just their betting platform, it's the data,
the type of things that are coming into the platform. Ah,
really cool stuff guys, but DEGA markets do check it out. Now.
(47:11):
This project here, I really want to give a shout
out to because we really need more projects like this.
Shield is a project by CNFT Tools and c NFT
tools build really cool ecosystem stuff for all these NFT
projects out there. So if you're ever part of the
NFT project and you're in their discord server except for example,
and you see buy and sells of NFTs, you get
(47:32):
alert notifications in one of their channels. And this team
built that. They've built all these different tools for NFT trading,
which also correspondingly can be implemented into token trading. But
they built this Shield platform for launching tokens within a
trustless way, so they've got trustless token vesting. So this
(47:56):
is what the platform does. So they do bespoke token launchers,
project listing pages on shield hub, trust us vesting via
smart contracts, instincts, sell off prevention, transparent allocations, mandatory token
allocation locks, milestone based releases to counter manipulation, public vesting schedules,
(48:17):
verified status after token deposits, token tracking, and analytics for
community insights, so everything that you would want to protect
the community and users in a token sale. So it's
making it as transparent and trustless as possible. So anyone
(48:39):
that is launching a token, a serious project token can
know that they have all these levels of protection within there,
so they won't getter on the token sale, these bots
sniping in at the very early stages, or tokens magically
unlocking early and the investors dumping on you. None of
(48:59):
that because it's or within the smart contracts. It's all
verified on chain and is presented to you in a
really nice way. So awesome stuff there from CNFT tools
with Shield. So if you are seeing a brand new
token launch on the Candona ecosystem and they're using Shield,
you know that you have these extra levels of protection
(49:19):
for doing so. So custom token launchers here, they've got
a custom token launch pages, third party handling of snack
dot fun launchers, so if you're launching a mean coin,
they can do third party handling of that token distribution
and liquidity transfer custom members, a member integrations, white list.
Speaker 2 (49:36):
Et cetera.
Speaker 1 (49:37):
Air drops, Discord bots by sell bots, That's what I'm
talking about with their n FT bots easily transferred over
AI agents and advertising, so everything you need. This is
a white label service for NFT and custom token launchers.
So amazing stuff from the Shield team. This is the
platform here. If you want to check it out, it's
(49:58):
hub dot c FT dot tools slash Shield links down
below in the show notes. But this is what you
will see when you come into the platform. If you
are overwhelmed here, reach out to the team on Discord
and check through the documentation here and they will help
you through it. Now, this is something from the Kadana Foundation.
This is a bit of old news story, but I
(50:19):
wanted to just give it a shout out because I
thought it was really cool. The Kadana Foundation supports the
ecosystem by running nodes for various projects. Two of these
projects are oracles Charlie three and Orc Facts. These are
two oracles that are really utilized within the Cadano space,
and to have the Cardano Foundation support them directly by
(50:42):
running nodes, I think is a real seal of approval
for both of those oracles. Sure they've had issue growing
pains in the past, and you know orc Facts did
shut down for a little while as well, but you
know they're recovered from that and they have the foundation
supporting them to so it may not be direct financial
investment in the projects, which they don't do, but run
(51:06):
a node for them to support decentralization, I think is
really important. And you know, Candana Foundation do have really
good engineers on the team and for them to be
running these particular nodes and supporting the ecosystem absolutely awesome.
So hats off to the Kadana Foundation. Now this is
the a can I can An give away and John
(51:27):
Green reached out to me and said, hey, Pete, I
can get some more of these books for you for
your listeners. So I'd want to give away some more
of these books. So in the comments down below, leave
a comment for me, leave your aid to handle or
your Cadano address. I'll collate them in a few days
time and send them all to John. Any of them
(51:50):
that come in after that point, I'll try and drip
feed them through, but I'll put a pinned message up saying,
you know, leave your Candana address down below, and that
pin message will change when I stop stop wanting to
receive them. And John said, it's enough. You know I
can't handle anymore. But leave your aid to handle or
(52:12):
your Cardano dress. I'll collate them and I will give
them to John and he will send the book directly
to you. I won't be doing it. John will be
doing it directly for you. So it's easier process to
claim these particular Cardano books. Now, if you want to
actually see what was in the book. So people did
ask me about that, this is it here, This is
(52:32):
the table contents. It gives you a big broad overview
of the history of blockchain Kadano, how it all works
comparison to a bitcoin and ethereum with the solidity, smart contracts,
and the difference between you ti SO and account models
as well. So if you're coming in from the EVM space,
(52:54):
you kind of understand this side of things and the
account model, but you need to then wrap your head
around XO. It's the unspent transaction output and how that
all works within the Kandano and bitcoin space. By the way,
if you're learning to write smart contracts with Kandano, you're
going to get exposed to bitcoin ecosystem really soon. So
you know, just just a carrot there daddling in front
(53:16):
of you. It's a pretty big carrot, an orange one.
Speaker 2 (53:20):
And here we go. This is the rest of the book.
Speaker 1 (53:21):
Here you would learn some other staff scaling, Babel fees,
Pluter's core, and then it gets into the Achin.
Speaker 2 (53:30):
Side of things.
Speaker 1 (53:31):
So akin in twenty twenty three, so this is when
it first started getting coding, the basics, helper functions, and
whole bunch of other things that you need to know
around Achin as well. Let's get into the Achin basics.
Here you have a little preview of what it looks like.
It goes into a lot of the details primitive but
arrays variables and constants, how to set them, functions, recursions.
(53:53):
So if this puts you off, if you're not a
programmer and you're looking at this going nap, I don't
get it.
Speaker 2 (54:00):
The book might not be for you.
Speaker 1 (54:02):
Maybe the first half of the chapters might be for
you because it talks about blockchain and EVM and solidity,
talks about the coding, But once it gets to this point,
it really does get into the nitty gritty and you
will need to start coding itself here or understanding it all.
But this is definitely good for someone that is a
(54:23):
developer and is wanting to get into the Kadana space.
So John, thank you so much for providing more copies
of this book. And if anyone wants it, like I said,
leave you eight to handle or addressed down below and
I'll get them distributed to you by John. Now, the
last thing I want to do here is this was
a comment on my YouTube channel, and I'll put a
link to this comment down below as well.
Speaker 2 (54:45):
So if you want to.
Speaker 1 (54:46):
Really rip into this guy, you can. But he states
Kadonah sucks man, delete this channel please.
Speaker 2 (54:53):
Now. I love how.
Speaker 1 (54:54):
Polite he was there, so I'll say please as well,
but this channel ain't going Nowhere is absolutely ripping at
the moment, maybe not so in price all the time,
that definitely in the projects that are building on Candano
and are at the forefront of all of this tech.
Kadano will reach the masses eventually, I know it will.
(55:15):
But you know, all this tech, all these people that
are building at the moment, they're still going. There's still
more things to be done to really reach mass adoption.
I think all of crypto hasn't reached mass adoption yet,
and this particular cycle here, a lot of people, the
retail users are ignoring it compared to what it was
during the COVID times in twenty twenty one twenty twenty two,
(55:35):
where people had a lot of money and didn't know
what to do with it, so they were jumping into
NFTs and crypto in general. This cycle very different, inflation
so high, people aren't spending as much, people aren't paying attention,
so we don't have that mass adoption like we did
last time, a lot of people jumping in, so we're
not seeing Kndano what ads price rise as much as
(55:56):
we did last time. But there are definitely really projects
building and I think there's a lot more to come
and a lot more room for the AIDA price to
move with all that development and thriving ecosystem. So leave
this guy comment, Leave me a comment down below. What
do you think about Kadano. Leave this guy comment as well,
(56:17):
let me know what you think of him. I've had
some really good responses on this as well, so I
may post them up. But yeah, I think it's pretty
cool what people have left me on this particular thread. Here,
but do check out the links show notes everything down below.
If you do want to become a channel, remember please
look at the links as well. All the details are
(56:39):
down below there. And if you want to delegate to
me as a de rep details down there. You can
find my de rep id or my staatefool as well.
Speaker 2 (56:47):
Ada. Oh as you can delegate to me that way.
But if all that.
Speaker 1 (56:50):
Is too much, if you could just leave me that
thumbs up like subscribe notification belt on your way out
as well, that'd be really really appreciated.
Speaker 2 (56:59):
And I'll see you guys in the next video.
Speaker 1 (57:04):
M h m hm
All right, guys, a huge amount of updates. There was
a bit of fud over the weekend. I'll touch on
it slightly, but I won't dive too deep into that one.
We also have updates from Strip Finance, Fluid Tokens, Liquid Finance,
Flux Point Buying, Satin Swap. That one's pretty interesting. You
have updates from Igon Tokyo Wallet, massive amount of updates
from them. Actually a bunch of ecosystem projects as well,
(00:21):
some of the smaller ones out there.
Speaker 2 (00:22):
Lots to go through here.
Speaker 1 (00:23):
Oh and by the way, I also have more of
those achin I can achin books if you'll learn smart
contracts on Kadano. I've got some more book giveaways, so
make sure you watch the end so you can find
out how you can.
Speaker 2 (00:33):
Get a copy of that book.
Speaker 1 (00:34):
Hey everyone, I'm Peter Berry. If it's first time here,
you know the drill thumbs up like subscribe notification bell.
But let's get into this. There's a lot to cover here.
And the first one here is that fud that we
heard over the weekend. And I didn't want to cover
this one at all, but I just had to touch
on it slightly here. And it's all about the amount
of vouchers some unclaimed vouchers that were in the Ecosystem's
(00:55):
about three million, thirty million, no, three hundred million, eight.
Quite a lot of eight are out there, and there's
a lot of accusations going around, but I don't have
all the evidence. I don't know the truth about this,
So I don't want to cover the details about this
because I don't know if I'm spreading the fud itself.
But there's a lot of mud being thrown around, and
it's between the founding entities. Even so, this is something
(01:19):
that I personally think should be hashed out behind closed
doors and then a proper media release and press release
put out afterwards to clear all this up between all
of the founding entities so that people understand what was
going on rather than speculating, accusing everyone and each other
and you know all that stuff. So it's something I
(01:40):
don't really want to really think about. And this kind
of fud only really affects people within crypto Twitter or
the people that are on X constantly twenty four to
seven and spend all their time on it over the weekend.
Speaker 2 (01:55):
The majority of people don't do that.
Speaker 1 (01:57):
Retail doesn't do that, and if you have a look
just on on YouTube and you search for a Kidano,
there's none of this in there. Like people seriously do
not care. They all they want to know is is
AIDA's price going up? I don't do any of these videos,
like when should I sell thirty five million rally tree?
Speaker 2 (02:17):
I don't know.
Speaker 1 (02:18):
I don't do any of these type of videos. I
don't even know what they're talking about here. But mother status,
that's good, it's good Gina Gianna. It's good to see
that she's still pumping out videos. But beside the point,
all these videos here are just about price prediction and
when Aida will absolutely moon, and I just don't cover
that type of content. So that's what people want. That's
(02:40):
what people want to know. When will I be able
to retire on the amount of ADA that I got?
They don't care about all this fud So let's concentrate
on the good stuff here. Well, not necessarily price predictions,
but there's good stuff that it's building within the ecosystem.
There's a lot of builders constantly building. They hear of
this fudy. It distracts them. They don't need this. Okay,
(03:02):
That's what I'm going to say about this I'm going
to move on first update here. First a serious update.
Let's get into Strike Finance, and these guys are just
nailing it a week after week with the extra liquidity
coming in. So at the moment, the Strike Finance team
are the ones that are putting in the liquidity for
all of these long and shorts on their platform, the Perpetuals,
(03:26):
and they've added in more liquidity, so they've moved into
the next phase here. Let's see what their stats are
so far. We've processed six one hundred and eighty two
transactions and made seventeen eight hundred and fifty two in fees.
Speaker 2 (03:41):
That's great.
Speaker 1 (03:42):
It's not even a week since they launched, so this
is gaining a lot of traction. The one hundred k
eight is supplied to the protocol is on pace for
over eight hundred thousand in revenue this year. That is fantastic.
Like I told you guys, Perpetuals is big on the
other ecosystems. Perpetuals have really driven the growth of DeFi
(04:07):
on their platforms, and Perpetuals now on Kadano is going
to do the same. Anyway, we started working with some
Cadana projects to integrate perps directly into their platforms. The
next wave liquidity will be added soon and use the
LP deposits should be opened.
Speaker 2 (04:23):
Later this week.
Speaker 1 (04:24):
This is really cool to have perpetuals and this type
of leverage trading on Kadana is something that is really
a peeling. So a lot of the smaller investors out
there can put in one hundred eight to two hundred
eight and ten x the their positions because of that
extra leverage. Of course, you can be liquidated and lose
it all, but that's the risk that you take. But
(04:46):
you can get those massive gains now. And it's really
appealing to the smaller retail players out there, so they
can get into the market and make some decent gains.
So this is really cool. Perpetuals are definitely something that
Kadano needs now. I entered into the space as well,
so I went into a long position in my members
(05:06):
only video it's members only at the moment. It's called
bag Building. It's a new series that I've put up
about trading and making these type of gains. Looking for
these opportunities. I've gone into at least one long position there,
we go, one long position here, so I'm already losing
money on that one, but that's okay. I'm going long here.
I'm looking for the long term. The best thing about
(05:27):
the perpetuals is that there's no time limit. I can
hold onto this until it does hit one dollar and
I can make a massive gain and profit off that.
I went on a three x leverage for this particular
one here, but you know, I may open more and
more positions depending on how this one goes. But there's
also the ability here to put in a stop loss
(05:48):
and to take profit. So I can put a stop
loss in here at a USD value. I can put
it at you know, like seventy one cents so I
won't lose too much. Or I can take an automatic
take profit when it hits eighty cents, and you know
that will be a quite nice increase in my three
x leverage.
Speaker 2 (06:05):
So that's okay. It's it's got.
Speaker 1 (06:08):
Those automations in there, and soon in the future we'll
be able to actually add more liquidity into our positions
so that way we can manage our risks better. But
that's coming soon. But Strike Finance doing a phenomenal job
of driving in liquidity onto the chain, so this is
definitely something I'll be playing around with more and you know,
(06:29):
congrats on the growth strike finance. You're doing amazing stuff.
Next new story here is from fluid Tokens and they
have essentially announced what they're doing next.
Speaker 2 (06:39):
We are working on a.
Speaker 1 (06:40):
Trustless bridge integration that will leverage Kadana stackpool operators. You beauty,
I'm a stakepool operator. I could do with more revenue
and if I run some code to be a part
of this decentralized trustless bridge, that is really good. If
you see my video on how to set up a
Cadano node at home, it's on my other YouTube channel,
(07:02):
so you have to get to it at YouTube dot
com slash learn Kadano dash Tutorials. It's a dedicated tutorial
channel and I go through how to set up a
Cardano node, run it from home and do all the
things that you need to do to manage the node
to keep it secure and all that. But this here
is really cool because you may be able to run
(07:24):
this code on a node itself and be a part
of that particular network. Awesome stuff. Now. The other thing
that flud tokens have done is their aquarium nodes as well,
and these are really good stats for the first initial
launch of the node network for Babel fees on Kadano.
They already have eight Qureium nodes registered, more than forty
(07:46):
automatic transactions process to depth integrations coming. That's the big
thing there. I don't know what depths they are. I'm
really hoping it's minswell, and I'm really hoping it it's
something like dex Hunter or steel Swap, or maybe not
steel Swap because they don't have those extra fees or
(08:07):
a token at least dex Hunter, because that means you
use a dex aggregator and use the Hunt token, which
is the token for dex Hunter, to pay for all.
Speaker 2 (08:18):
Of your fees.
Speaker 1 (08:19):
So if you are an early holder of the Hunt token,
you could do all your trades in DeFi with that
extremely cheap Hunt token that you would have gotten back then.
So this is really big news and I really do
hope more DEXes take up Babel fees and use a
quarium for this really cool stuff, guys. Awesome work from
(08:42):
the Flull Tokens team. Now, if you want to get
to all the show notes for this particular episode, you
can do so by going to Learncadana dot Io. I've
got all the ex posts here, all within the show notes,
so you can get to it as a reference if
you need to.
Speaker 2 (08:58):
Of course, you can always search for them.
Speaker 1 (08:59):
You go to the ex accounts of all these people
the projects, but you can find all of that at
Learncardano dot io. Now, the next news story here is
around flux Point Studio and they have purchased Satin Swap.
So flux Point Studio for those that don't know, are
the team behind this particular agent here. This is agent
(09:22):
I think there's agenttic T. This is a bot an agent,
an AI agent that is being integrated into trading within
the Kadana ecosystem. So you'll be able to use this
agent to perform trades and transactions within their ecosystem.
Speaker 2 (09:40):
And it seems like.
Speaker 1 (09:41):
They're going to integrate it in with Satin Swap, which
they have now purchased or acquired. I don't know the
dealings there, but they now have their own decks that
they will be integrating into. And the good thing about
Saturn Swap unfortunately the founder has left the ecosystem. That's
a whole nother drama that I won't get into, but
(10:01):
the founder has left the ecosystem and now the fox
Point studio will be integrating in. But the good thing
about that's what was that it's a batcheerless decks. It
uses order books, so it has all these orders online
and then it has a matching system where it could
match all the transactions of the buyers that sells whatever's
happening on the chain itself. So it was really good
(10:25):
in regards to that, and it was really fast. So
this is really appealing because then the agent can hook
into that and do some really cool trades off that
based on you know, what's happening in the ecosystem. So
we're beyond excited because owning the decks is one of
the last puzzle pieces that turns agent into a fully
(10:46):
reflexive asset trade compute, burnt lock, repeat, stay tuned. The
cosmos is just tilt in our favorite. That's pretty cool.
I'm pretty excited about that.
Speaker 2 (10:57):
Now.
Speaker 1 (10:57):
The founder of the platform has been teasing out a
lot of flow diagrams and things that they're building. So
this is decimalist. I had a chat with him a
while back on video call with about some other things.
It does a lot of the gaming side of things,
and you know, I love that stuff. So if you
haven't checked out some of these games, check out some
(11:20):
previous interviews and previous videos that I've done. I'll put
links down blow for you. But this is the agent
inference pool participation flow. Now, at a glance, this may
not make any sense to you whatsoever, but let me
walk you through this so you get an idea of
what's happening. So a job processing and fee flow. So
(11:41):
a job when it comes in. So maybe you're using
the agent, the AI agent to tell to work out
when I should be buying or selling AIDA against USD.
So you're putting the job in and it will process
that for you. It will take a fee, a fee
in AIDA, and it will split that fee whatever it
might be might be. Let's say it's one eightent, So
(12:03):
seventy percent of that if you follow this line here
goes to operation costs. That's the seventy percent it goes
off and continues. If other thirty percent here goes into
autobui off the agent token on the decks and that
and then sends that to steakers. So the more the
AI agent is used, the more fees that are collected
(12:27):
and sent to anyone is staking agent tokens how cool
is that. So this becomes an automated process with the
smart contracts and with the AI.
Speaker 2 (12:37):
Integrated into it. Majorly cool.
Speaker 1 (12:39):
Now, you can't stake your agent tokens yet, but this
is something a feature that be coming soon, So if
you have any agent, I'll be keeping an eye on
this to see when this is integrated in so that
users can start using the AI agent and start processing
transactions and generating those fees because it will go straight
(13:00):
back to the agent holders that are staking on the platform.
Really cool stuff, So keep your eye out on what
Flux Point Studio is doing with their agent and everything
that the studio might release next. So this is majorly
cool stuff. Now, while I've got your attention, I just
want to do a big shout out to all the
members here, all the members. You guys pay for my
(13:21):
coffees on a regular basis, on a monthly basis actually,
and I really appreciate every last one of you that
have done so because it really keeps me going on this.
So if you are an avid supporter of the channel,
if you really want to get your hands on some
exclusive content, which I'm starting to create more of, you
can do so by becoming a channel member, you can
(13:42):
buy me a coffee. You could be a monthly medium
coffee supporter as well. But these are all my awesome
channel members at the moment. It's growing every single day,
so I'm absolutely loving it. So keep on going, guys,
if you can, if you do have the means, consider
it if you can, but you know, if you can't,
totally cool with that.
Speaker 2 (14:00):
I ask of you.
Speaker 1 (14:01):
Then is if you can hit that thumbs up that
like subscribe notification bell and that also really helps me
with the channel.
Speaker 2 (14:07):
Now.
Speaker 1 (14:07):
The other thing I mentioned is that I'm also delegate
representative going through all of these governance actions on chain
and voting on your behalf. So if you want someone
to delegate to check out my brand new derep profile here.
You can get to it derep dot learncadano io. All
the information on how to delegate is here and all
you need to do, which is really cool, is connect
(14:29):
your wallet whatever it might be, create an account in
the background, and then here you can click on delegate
and it will process a transaction for you, and then
you can delegate directly to my de rep id from
the website itself, so it makes that delegation process to
do your so much easier, So do check that out
if you're interested. I am also a staatepool operator, so
(14:51):
you can delegate to my statepool. Search for the ticker
aid to OZ or the pool id there and you
can delegate your aided to my statepool. There's about five
thousand delegates. Appreciate every last single one of you, guys.
The very last thing I mentioned is that we also
have built this plug in called Kadana Press, So if
you ever wanted to build adap that connects to the
Condona ecosystem, you can use this plug in for WordPress.
(15:14):
So WordPress powers basically half the Internet, and you can
use that builder to build a website. Use this plug in,
which is completely free, and it allows you to connect
your Kardano wallet to the website and from there you
can do simple things such as authentication with NFTs or
(15:34):
read what NFTs on your wallet and it will sign
a certain permission. So it's essentially NFT gating or statepool
gating or all sorts of different combinations, and you can
do membership websites and all sorts of things. So it's
really cool plug in and you're not hard to encourage
you guys to check it out if you were considering
building something on the Condona ecosystem. Right, let's get back
to the news updates. So this news update here is
(15:57):
from EGON and so this news update here is from
AIGON and this is their ecosystem insights for May this year.
And check out these stats. They've been growing amazingly. Total
storage reached twenty six point four to nine petrobytes.
Speaker 2 (16:14):
That's insane.
Speaker 1 (16:14):
I don't I can't even fathom how much video content
I can put on there. I'm chewing through terrbytes at
the moment, so nowhere near petrobytes.
Speaker 2 (16:26):
That's insane.
Speaker 1 (16:26):
Anyway, They've got six hundred and ninety one storage nodes,
that's amazing. And I have and they're active in thirty
five countries three hundred and forty six cities around the world,
fully decentralized.
Speaker 2 (16:39):
That's amazing.
Speaker 1 (16:40):
The amount of IG's token states is at three is
at seventy eight point three eight million, that's amazing, with
two hundred and ninety active subscriptions continuing to engage within
the ecosystem, so they're amazing insights. Would be great to
see this subscription number grow and more people actually use
the the service for storage. I know they've got a
(17:03):
lot of enterprise customers, so you know, one subscription there
could be you know, a petro BYO of storage. Who
knows exactly, but the are definitely enterprise clients within that
two hundred and ninety subscriptions. Now that also host two
hundred and eleven websites. That was one of the really
cool things that they have within their platform. You can
(17:25):
use it to host websites. So I could actually go
back and deploy my derap website onto their platform.
Speaker 2 (17:34):
You know what I probably should. I should probably.
Speaker 1 (17:36):
Deploy it on there as a static site because essentially
is a static site. Deploy it on there and use
the you know, decentralized storage to deliver the site.
Speaker 2 (17:45):
That would really be the icing on the cake. I think. Actually.
Speaker 1 (17:48):
The other thing that the guys have got is the
staking of their their tokens within the ecosystem. They've got
a couple of staatepools that you can delegate to. They've
got the IGL one and IGL two that you can
stay to helps power the IG buy back, meaning more
IG rewards go back into the hands of.
Speaker 2 (18:07):
The supporters just like us.
Speaker 1 (18:09):
Well, I haven't staked my iog tokens yet, but I
definitely will, so check that one out if you want
to earn some extra rewards. But you do have the
ability to provide liquidity on the program here that LSPO program.
It's been live for quite a while, but they're moving
away from the old phase based model and is now
a rolling long term program where new tokens can be
(18:30):
added any time and rewards last for a full year
per token cycle. So it gives you a lot of
flexibility and more reasons to be involved with staking. So
you can stake within any of these protocols here and
you can earn various different tokens out through the program.
So this is awesome stuff from the Egon team and
a nice way to earn through their program. So if
(18:52):
you're a believer in the project and you have some tokens,
the idea is that you might as well stake them
within the ecosystem, so that way, one you're not tempted
to buy, not to buy, not to sell them in
the future for at least a while, but then your
own rewards for doing so, so they're rewarding your loyalty essentially,
(19:12):
So it's a nice way of earning some extra tokens
for staking on the platform. So awesome work from the
Egon team, and I'm expecting some really big news. Yet
they hinted at it. They hinted that they're partnering potentially
partnering up with a Fortune fifty company. They're not fortune
five hundred, you know five hundreds a lot of companies.
(19:33):
This is the within the top fifty. It could be
the fiftieth, it could be fortnight that I don't care.
It's right up there. But I don't want to talk
about too much because they haven't provided any details or
a proper release yet, so it's not we're just speculating. You.
I don't know who it is, what it is. We
can go through the top fifty list and work out
which one of them would potentially use storage or decentralized compute,
(19:54):
but it could be all of them. Anyway, I'll talk
about that when the actual release comes out. Now, this
next news update here is from Tokyo, and I have
to say it is definitely the wallet to be using
if you are an avid Bitcoin fan and Cadano fan.
It's the lights here, orange and blue. If you're a
(20:15):
big fan of both those ecosystems, the team from Tokyo
have integrated in both of those ecosystems seamlessly. So let's
go through some of these updates they have here. So
they've launched a brand new revamp of their UI. I
have a brand new explore tab, rewards tab, and sinking
and chaining, all improving the UX of the platform itself.
(20:37):
So they've got a revamp of the platform, and you
can see the video here.
Speaker 2 (20:42):
Let's see that.
Speaker 1 (20:43):
You can see the new explore area and they've got
a brand new rewards area so you can visually see
what's happening in the ecosystem and how much you're earning
for staking. So that's a really good UX improvement. But
they've also improved sinking of the wallet, so before we'd
have to wait a little bit for everything to happen,
(21:04):
but they've improved that process so that it's a faster
user experience overall. So it's not Godano, it's cashing and
all these things that they're implemented in to make that
experience faster. Now, the other thing that they've added to
make things faster is transaction chaining. Now, this is really
cool because when you are submitting a transaction online, you
(21:25):
have to wait for that to hit the chain, and
that takes a little while, so it will hit the
chain and then you have to wait and then then
you can submit another transaction. But what transaction chaining does
is that because the wallet knows that you've spent that
data in a particular part of your wallet, it can
use another part of it that hasn't been touched yet
(21:47):
to do the next transaction. So it knows that it
can add that brand new transaction to the previous one
and then continuously submit them one after another because it's
not interfere with the previous one, so that you can
do four or five transactions sequentially really quickly, and they
all hit the chain at the same time and use
different parts of your wallet, which add up to your balance.
(22:10):
So it's a really smart way of submitting those transactions.
It's called transaction chaining, and I'll try and find some
documentation about it. But another wallet implemented called Typhon. They
were the first ones to do it, and they gained
a lot of traction behind it because of that really
fast user experience. I think it's something that all wallets
should implement. I think it's an awesome improvement for what
(22:32):
the Tokyo team have done there. Now, this next update
that the team have done is they've simplified the bitcoin
experience and have put everything in the ruins area to
be priced in SATs or satoshi's. So that's the smallest
unit of measure of the bitcoin. So you have bitcoin
and then the decimal places of that. It's not like,
(22:53):
you know, zero point zero zero zero one bitcoin is
one satashi, So that way you can work out and
visually see how much your asset is actually worth compared
to one bitcoin. So it's a little bit of a
nicer way of viewing your wallet and getting a better
idea of how much it's actually worth. So here we go.
(23:14):
This is a nice explanation of it. The satashi or
sap is the smallest unit of bitcoin, using as a
unit of measure to transact invest and price goods and
services in a manageable amount. Even as bitcoin value rises.
SATs make Bitcoin more accessible, practical, and user friendly as
a global digital currency. So that is the idea of
(23:36):
putting the sap value into the interface so that you
can actually see the value of these rooms on there.
Otherwise it would just be like zero zeros or a
point one BTC and yeah, who wants to read those
decimal places anyway? So here you can actually see that
it's got the decimal values in us D under it,
and you can see it gets very very small depending
(23:57):
on how much you're holding. So having these decimal places
with BTC as well just makes it really hard to read.
So Pavy and Stashi's makes it so much easier and better.
So awesome work there. This other update here is that
the upgrade the addresses so now use tap root addresses
on Bitcoin, So our received function now defaults to tap
root addresses the BC one p A prefix instead of
(24:21):
the segrad witnesses SegWit is like, well, I think that's
back in twenty seventeen or twenty eighteen, so the tap
root one is much much new. I don't know when
taproot came out, but it's the better version of the
addresses and has privacy upgrades, lower fees, future proof and
also scalable as well, so it's definitely better to use
(24:41):
the tap root addresses. The other thing they got here
is now that you can send and receive dog btcs
and rooms using an AIDA handle. What that's interesting? Something
I missed here? No I didn't miss this, I knew
with an aid to handle. The aid to handle you
put in a Kadano address and it makes it easier
(25:02):
to send assets from person to person. You can just
provide your aid to handle and you can send assets
directly to it. The wallets will resolve that handle. But
now you can actually put your Bitcoin address in there
as well, so now your bitcoin address will map to
your bitcoin wallet and whatever handle you have just you
(25:22):
can give to people and it just makes it easier
to send between peers. So it's a really nice way
of sending assets to one another so they can done.
A Bitcoin revolution is well and alive.
Speaker 2 (25:33):
On toko.
Speaker 1 (25:34):
Use your handle to send or received not just b TC,
but dog and other runs to You can find out
how to link your AID to b t C address
with your aid to handle down below. You can follow
this videto or it's pretty easy to do. So awesome
stuff for these projects are integrating bitcoin and just embracing it,
so really really cool stuff there. Now this one here,
This is just a minor update kind of thing that
(25:56):
they put in. But you can have dog wallpaper as
your wallet background. You can customize it to whatever you want.
But you know having a proper dog theme is you know,
good for all those passionate people that are dog holders.
Now the last one here at this is a pretty
good one. And this is a strategic partnership with SATs
terminal and they read here, I read here, We're thrilled
(26:19):
to partner with the leading decks aggregate for runes on
Bitcoin SAT's terminal. Through this partnership and integration, you'll be
able to swap runs in app. Now I haven't tried
it myself yet. I really need to swap some assets
and get some exposure on the bitcoin ecosystem. But you
can do that directly from the wallet.
Speaker 2 (26:38):
You can.
Speaker 1 (26:39):
You can load up your wallet with some AIDA and
then swap it for BTC. How cool is that one
wallet and you can integrate and flow through either ecosystem.
So that's the experience that Tokyo are going for. And
as more DAPs on the Cadono side start to integrate
in features of the Bitcoin ecosystem, when we have more
(26:59):
of this cross and capabilities, Tokyo is poised to be
the leading wallet out there for this. So we've got
some other players as well, but Toko is definitely leading
the charge. So if you haven't checked out this wallet yet,
please do check it out. They're definitely leading the way
with the Kadana and Bitcoin charge. This update here is
(27:19):
awesome and I didn't know what was happening with liquid
Finance in terms of their future roadmap, and we've got
some hints here in regards to what they're doing. Three
upcoming versions of liquid Finance liquid v three for Kadana users,
so upgrade smart contracts, optimization, speed improvements, and fee reduction,
so you know, all the good stuff that we expect
(27:41):
for improving DAPs. But then we also have a pro
version for institutions, so this is where large amounts of
liquidity is coming in. The last thing they're doing here
is liquid BTC portal well Bitcoin users, so they're embracing
this Bitcoin charge. This this movement from Kadano in with
the bitcoin ecosystem opening up defive for bitcoin users, so
(28:04):
they are probably going to be the borrowing a lending
protocol for bitcoin users. But I really think Liquid Finance
has captured that market a lot better. They've gotten early
and they have a really big footprint and a lot
of yield rewards now. I know from along my YouTube
(28:25):
comments when you state when you see high yield rewards,
you think, hmm, rug pool scam. I don't think so
in this case, And let me show you this next
bit why. They have a really interesting way of how
the interest rates work within the liquid finance ecosystem. And
it is a dynamic rate and it's and it's powered
(28:50):
by market utilization. So it's not just a interest rate
that is set within the platform. The interest rate changes
based on the utilization of that particular asset. So for
you going into liquid finance, you may be providing liquidity
as USDC, USDM, USDA, whatever stable coin it might be
(29:11):
JED for example, and the more of that liquidity that
is added into the platform, that kind of gets diluted.
And if no one's using it, what's the point. Everyone's
putting in this liquidity and no one's actually borring it
and you know, doing some cool things, so hence you're
just giving away assets for free. So this way, with
(29:32):
this dynamic rates, they're actually change it based on how
much it's actually being used. So if the user, if
the platforms are actually using it, then it will actually
change based on that usage. So let me go through
this thread so you get a better understanding of it.
How does liquid calculate interest rates. It's not guess work.
(29:54):
It's dynamic, dove driven, and talied per asset. The model
automatically adjusts based on real ti time supply and demand
in each market. So let's break this down. Here we
go problem inflexible interest rates break markets on liquid. Interest
rates adapt instantly, responding in real time to the market utilization,
(30:14):
ensuring liquidity remains balance, capital stays active and markets function efficiently.
Enter the utilization rate this is a percentage of supplied
assets currently being borrowed. You are equals total borrowed divided
by a total supply high. You are higher broad interest
high supply API. The kink point model balance plus protection.
(30:40):
Each asset market has a defined utilization threshold. The low
kink equals steady rate increase beyond kink sharp rise to
discourage further borrowing to encourage further supplying. This keeps markets
liquid under stress. Each market is uniquely tuned based on rate,
(31:01):
the floor, the kink point, and stress zone slopes how
fast rates rise before after the kink. The liquid Dow
configures each listed token for borrowing with different interest rates
and models AIDA and jet pair for example, why it
matters more responsive than fixed rates, helps maintain liquidity, alliance, supply,
borrowing incentives across assets. Ready for deeper mechanics. Part two
(31:23):
drops tomorrow. Now there is a part two and you
can go through that one as well, But like it said,
it's a more detailed breakdown of how the interest rate works.
But all you need to know is that this here,
this interest rate increases and decreases based on all these
parameters here, and this kink point is different for different assets.
(31:47):
And if we actually have a look at the platform itself,
we can see the supply apy and the borrowing apy.
So this is how much will cost you to borrow
certain assets. So you can see costs you for USDC
here of cost you're thirty percent. That's that's really high,
all right, that's a really high interest rate. But on
the supply side here it's also really high eighteen percent.
(32:12):
So with such a high interest rate to borrow, it
discourages people from borrowing this particular asset. And then on
this side here, because it's so high, this API encourages
people to supply more of the asset. So overall this
this these interest rates encourage users to place more liquidity
(32:32):
into the platform itself. So obviously here we can see
that it's at a seven point four million total supply,
so I believe they're trying to.
Speaker 2 (32:42):
Go for more.
Speaker 1 (32:43):
There you can see the utilization of this is at
seventy five point one seven percent, so seventy five percent
of this seven point four million is being used at
the moment, so even at that high interest rate, so
I'm guessing when people vorrowed it, it was at a
lower rate, and as more and more people borrowed and
that utilization went up, we also saw this interest rate
go up. And of course this one's going up too
(33:06):
because they want more at USDC in the platform.
Speaker 2 (33:09):
So that's the.
Speaker 1 (33:09):
Whole premise there, to try and drive the liquidity into
the platform.
Speaker 2 (33:14):
So really cool stuff. I really like.
Speaker 1 (33:16):
Once I never took the time to understand these mechanics
because it really went over my head. But as time
went went by and I understood simpler platforms, I really
have come to appreciate how powerful liquid finance is and
the time and effort they've put into how the mechanics
(33:37):
and all this works. It just makes more sense to
me now that I've had four years to understand it.
It's taken me a while, but I've come around now.
Speaker 2 (33:47):
Guys.
Speaker 1 (33:47):
All right, so Eve of those liquid finance guys that've
been saying Pete, you need to look at liquid I have.
I get it now. It's really cool. I've missed out
though in the early early times. But yeah, it's also stuff.
You know what, It's getting even better and easier, So
that's seventeen percent apy. The begin Wallet team have done
(34:09):
integrations into their wallet into directly into liquid finance, so
you can mint a stable coin such as USDM, and
then directly within the wallet you can lend it out
and earn all in the same interface. So begin Wallet
they're integrating in stuff like that to make de fight
really easy for users. I haven't tried it myself yet,
(34:32):
but this is the interface that you kind of see here.
So you can mint USDM if you're in the US,
or in the on NBX if you're in Europe, and
you can start earning interest here by lending it directly
into the protocol via the wallet. Amazing stuff, so really
cool stuff that the begin wallet team have done there
(34:54):
taking advantage of what the Liquid Finance team have so
really really cool stuff. Congratulations on this particular integration. I
think it's absolutely awesome. Now we're moving into some of
the smaller ecosystem projects here, and I want to give
a shout out to this particular project here. I asked
for some you know, updates, like tell me what's happening
(35:16):
in the ecosystem and I'll give you guys a shout out.
And this is one here that I thought i'd give
a shout out to, And they reached out to me
via email and said that they're building a brand new
website which will cover everything in the Candano ecosystem, how
to get started, etc. But I thought this here was
something good to highlight and this is their ex list. Now.
Lists are great if you want curated content from certain
(35:40):
ecosystem players. So there's a lot of people that are
worth following, but there's a lot of people to follow.
So your account might have, you know, thousands of people
that you're following, and you'll dilute the focus of who
you're trying to follow. So you know, you may be
following cat videos for example, but you're also made be
following Kardano users, and this is a great way to
(36:03):
consolidate all those particular users that you want to follow.
Into one list and this here is their Kadano list,
and they curated all the projects and all the people
worth following within the Kadano space. I think it's brilliant
because it helps me curate content for you guys. So
this is something that you guys can follow as well,
so you can have a good list of projects out
(36:26):
there that are doing some really cool things.
Speaker 2 (36:28):
Now.
Speaker 1 (36:28):
Ada Stack this is their website at the moment. They
have a lot of introductory content around blockchain, around Cadano's
taking community ecosystem, DAPs within the ecosystem, and much much more.
So if you ever wanted a starting place, Aida Stack
is definitely a really good on rue to start at.
So you know, if you wanted some information that to
(36:48):
give to people, you'll be able to find it here.
It's pretty much covers everything. The other thing is Candano Cube,
the other website that you may want to look at
because it explores a lot of the DAPs in the ecosystem.
So this is it here Candona Cube, and they do
a really good job of covering and making sure every
project that is building on the Kadona ecosystem is listed.
(37:11):
They also have all the ones that have died off
as well, so if you want to go back into
time and find out what was building within the ecosystem,
they do have that as well, so you'd be able
to find it all there. But both these projects absolutely alsome.
Check it out a to stack, adostack dot io and
kardonacube dot com. Now my last video update, I gave
(37:32):
massive shout out to Vesper because of all the partnerships
that we're doing, but this came out right after and
they are open sourcing parts of vesper wallet, So I
think this will be the first mobile wallet, could be
the Yeah, no, no, definitely the first mobile wallet is
open source, not completely open source, but a lot of
(37:53):
it is, so I probably wouldn't feel comfortable open sourcing
how the wallet part is created for the general operation
or sending paths, smart contract integrations, whether it might be
open sourcing, that probably is a good thing because then
you can get that audited too, and then I'll feel
much much better to know how the well it works
(38:14):
if it has a third party ordit. So this is
a great move by the Vesper team, So congratulations for
going down the open source path. Now talking about audits, Massumi,
these guys are building the payment rails for agents. So
remember what I was talking about before with AGENTIC and
their agent and their payment flow here. Essentially what they've
(38:35):
got on the Massumi network is those payment rails, so
that particular AI agent could use their payment rails to
make all those smart contract payments smart contracts being done here,
why double up on work. You can use the smart
contracts here to make those particular payments and do that
split revenue sharing between your stakers and the operational costs.
(38:57):
So really cool stuff. So congratulations to the Massumi guys
for getting the audit done. And if you want to
read the order yourself, Patrick has put up the audit here.
It is done by tx pipe and you can read
how the smart contract was audited and all the details
behind it. So it's all there for you guys. We
can actually check and review how it was ordered and
what was fixed, what was improved, and what potential vulnerabilities
(39:21):
there were. This next update here at Jerro Wallltt. I
did mention these guys in not the last but I
think the video before that, and they were working on
at this integration of the Google account into your dashboard
on the Jerro Waltlett dashboard, so you can log in
and create a wallet with your Google account.
Speaker 2 (39:40):
Here you go.
Speaker 1 (39:41):
So the user comes in, clicks on Google signing, They'll
choose their Google account type in their wallet name, and
then they're sending pass it not their Google account password.
This is sending password for their wallet that goes away,
gets created. I have no idea about the mechanics behind
this with zk fold and how the that works with
their zero knowledge proof side of things. I think they
(40:03):
had a callous proposal to create this solution, but Joe
Wallett looks like the first one to integrate that solution
directly into the wallet. And see how easy that was.
See how easy that was. So normally, when you create
a wallet, you have to create or use your seed phrase.
That's that twenty four word or fifteen word seed phrase
(40:23):
that you have written down somewhere and secured. In this case,
you're just using your Google account. Your Google account is
a password that you usually remember and hopefully you don't
ever get it hacked. But you've got two factor authentication
on that, so it's a lot harder to hack, especially
if you have that two FA on. So it's a
(40:45):
really cool way of onboarding a regular normy user that
isn't used to seed phrases and all this complicated security.
So really cool stuff here from the Joo dashboard team.
I think they changed it to Jero dashboard, wallet dashboard
or just Jero dashboard, Jero dashboard.
Speaker 2 (41:04):
There we go.
Speaker 1 (41:05):
So awesome work there, guys for integrate there in looks
really really cool. Now this here is a bit of
an older news story and I mentioned it a little
bit before as well, but this is the integration with
Bidega Markets and Sundial. The article here was written up
and placed on Finance and there's a lot of eyeballs
on Binance.
Speaker 2 (41:23):
I think it's.
Speaker 1 (41:23):
Called town square or marketplace, what's it finance square.
Speaker 2 (41:27):
There we go.
Speaker 1 (41:27):
Now this here, it isn't written by Binance. The square
here byett Square. Anyone can post news stories up on
here and they curate them and if it's a good
news story, they'll allow it to be post But this
is some of the details around this particular integration with Sundal.
Let me get you the details here. So Bidega Markets
(41:48):
to use centralized prediction markets is integrating Sundial and Sundal
connects Ada with bitcoin through an L two tech. So
they're in L two. I believe they're building on Midga
and they will allow fast and transactions. But then also
the cross train cross chain interoperability between Bitcoin and Cadona,
(42:10):
so it's welding the two massive ecosystems. Bitcoin holders can
now interact with Condona smart contracts via Sundial. This is
more liquidity, more users, more opportunities, awesome stuff. Condona developers
now gain access to bitcoins and the cuity without waiting
for sluggish l one bridges.
Speaker 2 (42:29):
That's the idea here.
Speaker 1 (42:30):
So this is big for anyone that is integrating things
in so if you are building adapt you should probably
consider looking into Sundial and what they have to offer
to make this a reality. So awesome stuff there from
the Badega team and the Sundal team. I can't wait
to see bitcoin users start using prediction markets on Kadana.
(42:54):
Now talking about Bedega markets, that's a nice segue there.
But this is looking at the growth of the platform
and they've been doing really well. Just like strip Finance,
growing stronger and stronger. The Badega team have also been
growing and taking everything within their strides.
Speaker 2 (43:11):
This is really cool.
Speaker 1 (43:12):
Let's have a look at the liquidity here on DeFi Lama.
You can see the stats here. I've put up the
Bidega price cross reference with the TVL and you can
see they're kind of coming in line here with each other.
So as the TVL goes up on the platform, there's
more usage, so is the price of the Badega token
(43:33):
as well. I don't know what Bidega means. What is
that name? If someone knows, please let me know in
the comments. I have no idea what Badega means, but
this is really good to see that one of Cadano's
recent launched, recently launched platforms is doing so well at
the moment. So they launched just I think just before
or after the US elections in November. Now, I thought
(43:55):
I'd give this a go and put a bet down
on one of the prediction marks. And this is something
that's you know, the one I chose is probably an
obvious one for those that don't know.
Speaker 2 (44:06):
I do box.
Speaker 1 (44:08):
I enjoy going through crypto markets, looking at the technical
things here, building some really interesting integrations with Condina Press,
but then girding into the ring and punching the shit
out of someone. I absolutely enjoy it. So Anyway, that's
a sidetrack. This fight here, use can do what I
think is going to be a really cool fight. So
(44:30):
Usek is a world champion in the cruiserweight division and
he moved up to heavyweight. He unified all four belts.
I train at the gym where gipp Attire is training,
and he's got two of the belts now in the
cruiserweight division and he's moving up to get the other
two belts. So you know, I love this division here.
And Usek and I both south walls, so they fight
(44:53):
with their right foot forward as opposed to their left foot,
So personally, I think that's a major advantage. Hence I
am placing a bet down for Usik to win. Only
put one hundred eight to down. You know, only put
in what you can afford to lose, and one hundred
eight I can afford to lose. It's essentially one hundred
and forty one hundred and seventeen Australian dollars at the moment,
(45:17):
so I can afford to lose that It will be
still painful, but a win would be better.
Speaker 2 (45:22):
Anyway.
Speaker 1 (45:23):
The point is, I participate in but dagger markets and
I think it's something that you guys can try out
and you know, have a little play with it. It's
essentially just a gambling betting within the Kadona ecosystem. But
they've done it in a nice way with the prediction markets.
If you look at polymarkets, the Polka Dot, not Poka dot,
(45:43):
the polygon version of this, they have a massive evaluation,
they have a massive amount of people using their platform.
And during the US election, that's when they absolutely nailed it.
The prediction market essentially predicted every single state and person
(46:04):
to win, So they picked which one was going to
win in every single state. That is crazy. I could
I didn't verify that, but that's what I read in
a lot of the news stories. You know, the polsters
out there, the people that are doing the exit polls
or whatever, they're pretty accurate. But the crazy accuracy of
(46:26):
the prediction market on polymarkets was insane because they got
it down to like a tiny fraction of difference to
the real result. So you know that this is the
power of collective conscious, collective mind going into a platform
and putting in money, you know, where they believe things
will go, and that essentially really showcased who was going
(46:50):
to win that particular election, So the prediction markets, they're crazy.
Definitely the future here and all this data that is
coming in is something that people are watching as well,
So it's not just their betting platform, it's the data,
the type of things that are coming into the platform. Ah,
really cool stuff guys, but DEGA markets do check it out. Now.
(47:11):
This project here, I really want to give a shout
out to because we really need more projects like this.
Shield is a project by CNFT Tools and c NFT
tools build really cool ecosystem stuff for all these NFT
projects out there. So if you're ever part of the
NFT project and you're in their discord server except for example,
and you see buy and sells of NFTs, you get
(47:32):
alert notifications in one of their channels. And this team
built that. They've built all these different tools for NFT trading,
which also correspondingly can be implemented into token trading. But
they built this Shield platform for launching tokens within a
trustless way, so they've got trustless token vesting. So this
(47:56):
is what the platform does. So they do bespoke token launchers,
project listing pages on shield hub, trust us vesting via
smart contracts, instincts, sell off prevention, transparent allocations, mandatory token
allocation locks, milestone based releases to counter manipulation, public vesting schedules,
(48:17):
verified status after token deposits, token tracking, and analytics for
community insights, so everything that you would want to protect
the community and users in a token sale. So it's
making it as transparent and trustless as possible. So anyone
(48:39):
that is launching a token, a serious project token can
know that they have all these levels of protection within there,
so they won't getter on the token sale, these bots
sniping in at the very early stages, or tokens magically
unlocking early and the investors dumping on you. None of
(48:59):
that because it's or within the smart contracts. It's all
verified on chain and is presented to you in a
really nice way. So awesome stuff there from CNFT tools
with Shield. So if you are seeing a brand new
token launch on the Candona ecosystem and they're using Shield,
you know that you have these extra levels of protection
(49:19):
for doing so. So custom token launchers here, they've got
a custom token launch pages, third party handling of snack
dot fun launchers, so if you're launching a mean coin,
they can do third party handling of that token distribution
and liquidity transfer custom members, a member integrations, white list.
Speaker 2 (49:36):
Et cetera.
Speaker 1 (49:37):
Air drops, Discord bots by sell bots, That's what I'm
talking about with their n FT bots easily transferred over
AI agents and advertising, so everything you need. This is
a white label service for NFT and custom token launchers.
So amazing stuff from the Shield team. This is the
platform here. If you want to check it out, it's
(49:58):
hub dot c FT dot tools slash Shield links down
below in the show notes. But this is what you
will see when you come into the platform. If you
are overwhelmed here, reach out to the team on Discord
and check through the documentation here and they will help
you through it. Now, this is something from the Kadana Foundation.
This is a bit of old news story, but I
(50:19):
wanted to just give it a shout out because I
thought it was really cool. The Kadana Foundation supports the
ecosystem by running nodes for various projects. Two of these
projects are oracles Charlie three and Orc Facts. These are
two oracles that are really utilized within the Cadano space,
and to have the Cardano Foundation support them directly by
(50:42):
running nodes, I think is a real seal of approval
for both of those oracles. Sure they've had issue growing
pains in the past, and you know orc Facts did
shut down for a little while as well, but you
know they're recovered from that and they have the foundation
supporting them to so it may not be direct financial
investment in the projects, which they don't do, but run
(51:06):
a node for them to support decentralization, I think is
really important. And you know, Candana Foundation do have really
good engineers on the team and for them to be
running these particular nodes and supporting the ecosystem absolutely awesome.
So hats off to the Kadana Foundation. Now this is
the a can I can An give away and John
(51:27):
Green reached out to me and said, hey, Pete, I
can get some more of these books for you for
your listeners. So I'd want to give away some more
of these books. So in the comments down below, leave
a comment for me, leave your aid to handle or
your Cadano address. I'll collate them in a few days
time and send them all to John. Any of them
(51:50):
that come in after that point, I'll try and drip
feed them through, but I'll put a pinned message up saying,
you know, leave your Candana address down below, and that
pin message will change when I stop stop wanting to
receive them. And John said, it's enough. You know I
can't handle anymore. But leave your aid to handle or
(52:12):
your Cardano dress. I'll collate them and I will give
them to John and he will send the book directly
to you. I won't be doing it. John will be
doing it directly for you. So it's easier process to
claim these particular Cardano books. Now, if you want to
actually see what was in the book. So people did
ask me about that, this is it here, This is
(52:32):
the table contents. It gives you a big broad overview
of the history of blockchain Kadano, how it all works
comparison to a bitcoin and ethereum with the solidity, smart contracts,
and the difference between you ti SO and account models
as well. So if you're coming in from the EVM space,
(52:54):
you kind of understand this side of things and the
account model, but you need to then wrap your head
around XO. It's the unspent transaction output and how that
all works within the Kandano and bitcoin space. By the way,
if you're learning to write smart contracts with Kandano, you're
going to get exposed to bitcoin ecosystem really soon. So
you know, just just a carrot there daddling in front
(53:16):
of you. It's a pretty big carrot, an orange one.
Speaker 2 (53:20):
And here we go. This is the rest of the book.
Speaker 1 (53:21):
Here you would learn some other staff scaling, Babel fees,
Pluter's core, and then it gets into the Achin.
Speaker 2 (53:30):
Side of things.
Speaker 1 (53:31):
So akin in twenty twenty three, so this is when
it first started getting coding, the basics, helper functions, and
whole bunch of other things that you need to know
around Achin as well. Let's get into the Achin basics.
Here you have a little preview of what it looks like.
It goes into a lot of the details primitive but
arrays variables and constants, how to set them, functions, recursions.
(53:53):
So if this puts you off, if you're not a
programmer and you're looking at this going nap, I don't
get it.
Speaker 2 (54:00):
The book might not be for you.
Speaker 1 (54:02):
Maybe the first half of the chapters might be for
you because it talks about blockchain and EVM and solidity,
talks about the coding, But once it gets to this point,
it really does get into the nitty gritty and you
will need to start coding itself here or understanding it all.
But this is definitely good for someone that is a
(54:23):
developer and is wanting to get into the Kadana space.
So John, thank you so much for providing more copies
of this book. And if anyone wants it, like I said,
leave you eight to handle or addressed down below and
I'll get them distributed to you by John. Now, the
last thing I want to do here is this was
a comment on my YouTube channel, and I'll put a
link to this comment down below as well.
Speaker 2 (54:45):
So if you want to.
Speaker 1 (54:46):
Really rip into this guy, you can. But he states
Kadonah sucks man, delete this channel please.
Speaker 2 (54:53):
Now. I love how.
Speaker 1 (54:54):
Polite he was there, so I'll say please as well,
but this channel ain't going Nowhere is absolutely ripping at
the moment, maybe not so in price all the time,
that definitely in the projects that are building on Candano
and are at the forefront of all of this tech.
Kadano will reach the masses eventually, I know it will.
(55:15):
But you know, all this tech, all these people that
are building at the moment, they're still going. There's still
more things to be done to really reach mass adoption.
I think all of crypto hasn't reached mass adoption yet,
and this particular cycle here, a lot of people, the
retail users are ignoring it compared to what it was
during the COVID times in twenty twenty one twenty twenty two,
(55:35):
where people had a lot of money and didn't know
what to do with it, so they were jumping into
NFTs and crypto in general. This cycle very different, inflation
so high, people aren't spending as much, people aren't paying attention,
so we don't have that mass adoption like we did
last time, a lot of people jumping in, so we're
not seeing Kndano what ads price rise as much as
(55:56):
we did last time. But there are definitely really projects
building and I think there's a lot more to come
and a lot more room for the AIDA price to
move with all that development and thriving ecosystem. So leave
this guy comment, Leave me a comment down below. What
do you think about Kadano. Leave this guy comment as well,
(56:17):
let me know what you think of him. I've had
some really good responses on this as well, so I
may post them up. But yeah, I think it's pretty
cool what people have left me on this particular thread. Here,
but do check out the links show notes everything down below.
If you do want to become a channel, remember please
look at the links as well. All the details are
(56:39):
down below there. And if you want to delegate to
me as a de rep details down there. You can
find my de rep id or my staatefool as well.
Speaker 2 (56:47):
Ada. Oh as you can delegate to me that way.
But if all that.
Speaker 1 (56:50):
Is too much, if you could just leave me that
thumbs up like subscribe notification belt on your way out
as well, that'd be really really appreciated.
Speaker 2 (56:59):
And I'll see you guys in the next video.
Speaker 1 (57:04):
M h m hm
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