November 8, 2024 • 30 mins
00:00 Introduction to Zerberos and Its Vision
00:35 Overview
03:10 Risk Rating Machine Learning
06:03 Interoperability and Partner Chains
08:20 Indexes and Portfolio Management
12:41 Cross-Chain Funds and Ecosystem Integration
16:34 The Future of Xerberus and User Experience
20:20 Partnerships and Community Engagement
21:20 Xerberus Current Nodes on Testnet
22:21 Xerberus Current NFT Price
24:08 Cross chain Liquidity for $XER token
25:01 Staking Utility
26:03 Learn more on the Token Paper
27:45 Token Sale and Final Thoughts
00:35 Overview
03:10 Risk Rating Machine Learning
06:03 Interoperability and Partner Chains
08:20 Indexes and Portfolio Management
12:41 Cross-Chain Funds and Ecosystem Integration
16:34 The Future of Xerberus and User Experience
20:20 Partnerships and Community Engagement
21:20 Xerberus Current Nodes on Testnet
22:21 Xerberus Current NFT Price
24:08 Cross chain Liquidity for $XER token
25:01 Staking Utility
26:03 Learn more on the Token Paper
27:45 Token Sale and Final Thoughts
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right, I'm joined by simonum Service and we're going
to go through all the really cool, amazing things that
the guys have been working on. There's just so much
to go through, everything from the risk analysis platform itself, sirens,
the service indexes, the nodes on the partner chains. There
is just so much and I'm just really overwhelmed with
(00:23):
what's going on at the moment. But Simon, thank you
for joining me on this podcast episode to talk through
everything here.
Speaker 2 (00:29):
Welcome back.
Speaker 3 (00:30):
It's always a pleasure to be here and thank you
for having me.
Speaker 2 (00:34):
So where do we start?
Speaker 1 (00:37):
Just like overwhelming, I'd probably probably start with the platform itself.
Can we get an overview for those that don't know
about service?
Speaker 2 (00:45):
What is it? And what are you guys building?
Speaker 4 (00:48):
It is overwhelming when you look in all of the details,
but I like to make it quite simple. We are
a crypt and NATA version of standards and poor Donald
and Pooh is more better known for their main product,
S and P five hundred. That's the usual thing when
your people talk about the stock market inpeat the S
and P five hundred. It underperforms the S and P
(01:09):
five hundred. What is the S and P five hundred.
It is an index, right, the five hundred largest marked
by market ap And what does standards in per do
they create risk gradings? Right? That that is really the
core business mode, right, you create risk gradings in indexes
and we do the same. Only do we replace the
(01:29):
corporation with a blockchain. And now most blockchains I used
to validate transactions, but we validated risk grading. So that
is really it is that these risk gradings they're computed.
Why denotes they contain the full risk model, they're computed.
A little bit of a shot of it is part
of it. Well token, then they agree and they publish
(01:51):
it on the chain. Why is it beautiful? We all
know that the risk model is computer correct because the
other people always double checking.
Speaker 3 (02:00):
We know how it is computed because it's open.
Speaker 4 (02:02):
Source and we have a perfect track record of all
risk gradings inscribed on a blockchain for each and every
asset that is within deserver system, which will be all
crypto assets. So very important to understand when we talk
about a blockchain, we refer to a Carodna partner chain,
and we chose to Crodan a partner chain framework to
be a Kartana project. It's able to serve all of crypto.
(02:24):
It's really important when you understand deservers, and our strategy
as a as a commercial platform really is to guide
risk gradings for any and all assets in crypto and
to create indexes both locally for let's say Kardana, but
also cross chain that when you are a Kardana user
(02:44):
and you want to buy, you know, maybe you want
to benefit from one of the other things in a
in a we want to benefit from the income crazy
in Solana. It's very hard to do that without leaving
the ecosystem, and I actually want that people can say
an ecosystem and still benefit from that. Andservers is exactly
that tool. Thrower indexes get whatever you want. Well, then
your portfolio.
Speaker 1 (03:04):
In your portfolio, that is brilliant, And thank you for
that explanation as well. That just makes total sense to me. Now,
now with the risk ratings, there's machine learning and all
that behind it, isn't it. It's you've written an algorithm
that determines the certain risk ratings for.
Speaker 2 (03:23):
All the crypto projects out there and all the assets.
Is that correct? That's how it works.
Speaker 4 (03:29):
That is correct. So we have been using the long
term methodology, which is called topological data analysis. So what
is that topology is? This specific version of mathematics is
primarily used in advanced cancer research because it helps you
(03:49):
to make more sense of complex statistical output. And when
we were looking into crypto networks, they're quite cat and
most importantly, they all look different and so wet that
that we did. We take these networks and by networks
that are referred to the wallets on the blockchain holding
it oken, take these networks and standardize them in a
machine readabile format and we call them shapes. I will
(04:14):
to show one of these shapes to make it understandable.
So we take these networks and put them into shapes.
And these shapes are truly what we put we use
as an input for a machine learning model. You can
see my Twitter screen, but these are the networks. It's
a very boring way of showing them, but these are
really the networks. You see the hubs and you see
(04:35):
like details, and we put them into these types of shapes.
And these shapes are perfect, absolutely perfect for a machine
learning model to understand. And one thing that we you know,
we saw a lot of people are trying to use
AI or machine learning for cryptographic data or whenever you
(04:56):
talk to people who've really tried it, always tell you
the things.
Speaker 3 (04:58):
It's basically impossible.
Speaker 4 (04:59):
There's not of data, and the data is too is
too is two different, it's two variable, so they're not
enough patterns. And this is really what we solved. So
whatservers did is is quite a scientific innovation. And we're
kind of part of the Kronanal project because you know,
Karana is known for research. We've been we spent one
and a half years, two and a half years writing papers.
(05:20):
You know, it's really what we did before we went
to the staff. And this is where I think deservers.
These words like cutting edge are so they used and
also AI is vary over use. That's why we don't
We're tired, we don't want to use them. It's a
machine learning model, but it is truly on the cutting
edge of science because we use these new mathematics. Half
of our team are physicists that have worked that out.
(05:43):
So that's that's really the background on what we have
found brilliant that I think is great insight of servers.
We found a way to describe them and measure them.
The model isn't perfect yet. This is what we will
open so also we allow other people to work with it.
But the key that we found is we found something
fundamentally true about these networks. How do we compose does
them and children? And this is what we what we
(06:03):
take it from here?
Speaker 1 (06:05):
Wow, that's amazing. This is getting me extremely excited about
the platform overall. Now, you also mentioned another thing with
the partner chains and how you guys are building out
your side of the blockchain things there. Now you also
kind of mentioned cross chain and interoperability across different networks,
(06:25):
and I know that you guys are also concentrating on
Polygon and Ethereum as well. And you mentioned Salama too
because you.
Speaker 2 (06:33):
Kind of have to.
Speaker 1 (06:36):
Is the reason why you chose the partner chain, so
that you could be more interruperable with all these other chains.
Speaker 3 (06:45):
That's exactly the reason if you wear a Kanana project.
Speaker 4 (06:49):
But in Karana is our base, there's so much more
other ecosystems out there, and the truth that we found.
Speaker 3 (06:58):
It's true for all of these trains.
Speaker 4 (07:00):
We wear brainstorming quite a long while, how we can
as a Krona project take advantage of their data and
and and also of deliquidity and when IHK published the
partner Chain Framework. Oh, we're so excited because it is
exactly a solution to our problem. Because but when we
need our own validator set and we need into operability
or what does the partner chain network do. It gives
(07:22):
your own validata set and it provides into alporability. So
I think that the partner chain framework, I think should,
if my humbler bean, should be the narrative for this run.
Like the Partnershain framework is incredibly powerful. It is extremely
smart from OK to push that. And you have to
see we get now all of these depths and or
(07:42):
partner chains and in servers will be forced to first
among on them, which you know, create value in entire
crypt ecosystem and a career to a cn NFT. And
I think that's exactly the push that we need as
an ecosystem.
Speaker 3 (07:53):
Two.
Speaker 4 (07:55):
You know, sometimes Karana is an island, and I think
that will stop to be. I think Krona will recop
move to the heart of the quipty ecosystem through this
partner chain framework and through our partner chains like Midnight,
like Zerobras, providing services to all of these blockchains and
also getting fees from there.
Speaker 2 (08:13):
Wow, Okay, that's super exciting as well.
Speaker 1 (08:16):
And this kind of leads me on to my next
question about the indexes. So me, as a Cadana user
at heart, I do want to get exposure to all
these other chains and the assets that are developing and
are pretty exciting over the other ecosystems, but I just
don't have the time to explore them and get a
good understanding. So does this mean I'll be able to
(08:39):
buy into these indexes on the Candana side but get
exposure over to Polygon and Ethereum as well, or do
I still have to move over to those particular ecosystems
the exposure to those assets as indexes.
Speaker 3 (08:56):
It's a stage process here.
Speaker 4 (08:59):
Ultimately, it's exactly what it means that you can buy
an index that contains Solana tokens as a cn NFT
and that you can really build your portfolio without ever
leaving the ecosystem. However, the first version that goes live
right after launch and I will show it quickly, will
still require you to be within these ecosystems, but it's
still in one app. So this is the Karama index.
(09:22):
And what you see what we did here is we
have three indexes we have the Ecosystem Prime one, we
have the Ecosystem Broad, we have the Ecosystem Growth. The
first thing that stands out is right like, we would
have doubled your money in any of them, which I
think is quite impressive. Most of them run for the
last few years, so you see this one. For example,
(09:43):
the Ecosystem Prime one, which is consisted of the best
rated as it's an ecosystem, starts in December twenty four,
twenty twenty two. One important note when we go live, right,
we reset them. This is a back test. Did we
run to show what it would have looked like if
it would have launched it on December twenty twenty two?
(10:06):
And how do we design them as really they're built
based on one premise only you want to have more
of the underlying So if you buy this one on
on on Kardano, the goal is really, did you have
more AIDA at the end of it you had in
the beginning of it?
Speaker 3 (10:20):
We did not.
Speaker 4 (10:22):
We don't do it against USD because we really see
as it's this DeFi first, primitive and over. If if
you are in Kardana and you're interested in investing in
in NFTs, you.
Speaker 3 (10:33):
Already believe in anderline.
Speaker 4 (10:34):
So our goal is really to make you more AIDA,
and we also what we did right, we're pretty confident
that this is system works.
Speaker 3 (10:44):
All the batts have shown it does.
Speaker 4 (10:45):
And this is also why we will see these indexes always,
you know, like with the yellow line showing where one
AIDA was when they're being issued, and then they go
up before I go and talk a bit more about
the cross train and stuff like how does it actually work.
So the index vault is a smart contract in which
you can deposit one AIDA and you get one vault
token back. If that vault token, which is surprised that
(11:08):
you see, increases right to let's say seventy eight, you
can go back to the vault input your vault token,
then you get sixteen eight back. That's how it is
desired it. Within the vault, right, there is a basket
of tokens which is rebalancing based on the risk gradings.
(11:29):
We rebalance depending on the vault, but we rebalance anything
between once a week to once a month too, sometimes
only once every three months. It's really depends on the
specific type of a vault. These are all long positions.
Some people have asked us if you can put steak
in and deeper positions in it. We can do it
(11:49):
at one point, but for now we are really really
focused on these simple long positions because we also think
that drive the most liquidity into the ecosystem. Which is
also very interesting is that we have already found quite
strong interest in professional investor money for this. I was
really like, this is they did. The poll was so
strong when we did that, And the reason is that
(12:12):
everybody wants to be in crypto, and there are a
lot of defa hatch funds and they know, you know,
they basically play around with the top tens, right, you know,
they're in Bigcore and solar Ata, but that's basically it.
And then they maybe have a study or something in
but they want to benefit from this local ecosystem that's
been traded on DEXes. But sometimes they have quite some
(12:35):
reservations because they don't know, they don't have enough stuff
to make all of this research. And so the idea
for a fund to a default fund to simply buy
an ecosystem broad index right of an ecosystem they're interested in,
makes a lot of sense to them. And again we're
quite yeah a lo it too, and it's quite interesting.
(12:56):
So Servers has been working with these funds and we're
really keen to get them out and get the money.
And so regarding to these cruss and funds, so now
you have to switch between the ecosystems and you have
to have a DeFi wallet coming in. But it's our
goal that within six months, six weeks or six weeks,
we will after lunch, we will release our first crush
(13:16):
funt that you can buy on each ecosystem, so you
can buy this one on on on on Aida, so
you can have an a c NFT that then could
correspond to a cross smart contract on the service partner
train that has assets from Exporeum, Solana, Anda and we
(13:38):
hope that by promoting that right across shed fund that
you will have it in both ways so you can
benefit from the training activity or another ecosystem. But also
even any Clum user Solana user would buy into that
index fense, they would also benefit from Ardana and bring
liquid to the Karan ecosystem. Tokens like Snake, they have
(13:58):
quite an interest from other chains and the idea that
you and there's not much difference between you know, buying
a wrapped snake or buying a Servers index, so we
see there's a huge opportunity. And I think this is
the most important thing to understand when you try to
evaluate servers in your mind is how big is the market?
Speaker 3 (14:19):
Right?
Speaker 4 (14:20):
And the market is all of crypto right, So that
that's really it. And we're fairly confident to do because
we have already interest from other ecosystems. And I just
want to show this one because when we say we
are partner chain, we do it for interoperability. This is
not just an attention that we want to do, but
(14:42):
it is truly requirements of the request we already get.
So for example, one partner that we have over on
the theorem side is this product is Alvara. Avara also
provides indexes, but as a as a as A as
a fun provider, So this is really important to understand.
What Servers does is we provide how the indexes are curated.
Speaker 3 (15:01):
Right.
Speaker 4 (15:01):
It's the risk and ass mentioned platform. So we are
very happy to work with other index base layer protocols
like Terra, like Alvara, and what these guys have requested
us is that we host funds on their platforms, bolts
on their platforms, and that we use our risk ratings
to integrate right into their oracle to evaluate their the
(15:23):
other indexes that are hosted on the funds, and I
cannot spreast enough. A huge this is that you have
now other EVM ecosystems coming to a credown a partner
chain and requesting services. Polygone did that, Polygon came to us,
gave us a grant asking for it. Alvara is coming
to us asking for it. Another one called iye collapse.
(15:45):
So we have a whole bunch of these cost chained
protocols that are coming to us and saying, hey, this
is actually extremely cool what you have here we kind
of needed in our ecosystem and you guys have a
track tracker and you have a lot of research into it.
Speaker 3 (15:59):
Could you help us?
Speaker 4 (16:00):
And I think I cannot imagine a better payoffs for
our CARONNAL community. Then there was being a maximum successful
and we are a way to do.
Speaker 2 (16:11):
This is amazing newser.
Speaker 1 (16:12):
It's really really exciting to hear as well, like other chains,
other protocols are just knocking on your door asking for
your services and your product, so that this is where
you really want to be. So this is absolutely awesome.
Now I do want to see eventually the platform be
like a totally chained agnostic So when you go to
the platform for a complete newbie, you don't want to
(16:35):
be looking at this chain, that chain, whatever chain, like
some chains they don't even hear about or know about.
Speaker 2 (16:40):
You just want to go to the.
Speaker 1 (16:41):
Platform and go that's the index. It's performing this this world.
It's gone up one hundred percent in the last year.
I want in on that index. So that's basically all
a new b user will be after as well. So
if you get if you guys get to that point,
that seamless experience, I think you guys got a huge
winner in the entire crypto space.
Speaker 3 (17:02):
That's absolutely the goal to get there, that it is seamless.
We even think about things like integrating payment solutions so
you can just DCA into an index. Most people trading crypto,
and of course I'm.
Speaker 4 (17:14):
Also a bit of a risk taker, otherwise I wouldn't
be a found of a projects. There's always a bit risky,
but I think that like knocking on what on what right,
most people who struggle to actually maintain trading positions profitable.
You know, they might win, they might lose, you know,
but that date they don't really make a lot of money.
Speaker 3 (17:34):
And that is true for the stock market as well.
Speaker 4 (17:36):
So the best thing that you can do is just
dcaing into an index only that you know, while an
SEP index brings you know, six six percent a year,
a crypto index brings you and actually a born right,
so it might make you much much more to just
DCA into that. And because the positions are rebalanced, right,
it's something we can read balance where you can make
(17:56):
DCA in for ten years without drawing. When we when
we move to the cost chain stage, we will also
have other layer one tokens in there, so you kind
of have an indexing big cordinator, but just have optimally
risk optimized portfolio. We're just day in and you know
there's a talent dec interest, transparent system that it's not
trying to rush you through to make extra game, but
(18:18):
it really just looks for the most sustainable, long term
balanced portfolio. I will put my money in it.
Speaker 2 (18:25):
Yeah, you know that's that suits me to a t.
Speaker 1 (18:28):
I've tried training, I've tried algorithmic training, butot training and
all that, I've lost plenty, and yeah, I go back
to the indexes like my regular trade five stuff I'm
just all in indexes and theyform anything that I've ever
done ever. So this, this is hugely appealing to me.
(18:48):
Dcaing into crypto index is absolutely perfect. So I can't
wait until this is all up and running and I
can get my hands on it and start.
Speaker 2 (19:00):
Moving some of my my trading strategies over to something
like this. Yeah, amazing, guys.
Speaker 3 (19:06):
You said something important.
Speaker 4 (19:07):
I want to always jump on that and clarified, right, Like,
observices is not a trading board, right like, because sometimes
people say, oh, is it a trading board? You know,
like it is an index, right, and it is an index.
It's being rebalanced and a very conservative metrics, right Like.
What we really look for is deservers ratings, which are
based on you know, hou is the community performing, what
(19:29):
is the underlying activity?
Speaker 3 (19:31):
And that's really that's very.
Speaker 4 (19:33):
Important for us, right to be understood like that. There's
also where we're sometimes hesitant with certain words, but because
of things there's a if a Google right now, a
trading board for crypt I don't know how many hits
I get, but I guess I get a lot, And
that's really not Observers needs to be differentiated, right. We
work with an open source model, and working with an
open source model also means.
Speaker 3 (19:53):
That with Alpha, like our goal is not to outperform
the market.
Speaker 4 (19:57):
That's not our goal. Our goal is to after the
perfect market without CV losses. And I think that is
already at least when I look some of the map
be for you. I'm very happy if we manage that.
I don't have this perfect market growth bring in and out,
and I think this is the perfect product right where
you don't, you don't have the radical alsos.
Speaker 3 (20:17):
And you have perfectly riskon before you.
Speaker 1 (20:19):
Yeah, all right, Now, you guys are also busy in
a lot of the other parts of the projects, such
as working with partners and whatnot, onboarding them. I heard
that Nuvela was one of your latest partners as well,
and they're dedicating resources to run nodes for Service as well.
Speaker 2 (20:39):
Is that correct? Did I hear that right?
Speaker 3 (20:42):
Yeah?
Speaker 4 (20:42):
A hundre percent correct. SA service is a partner chain.
We have our onset of validators. The partner chain is
is is it? It's testy, it's not a full partner chain.
Is the test and it's very important.
Speaker 3 (20:54):
We aim to.
Speaker 4 (20:55):
Be on on on on a limited main within the
next three months. So I can run the centralized and
then to a full main net. You know, shortly after that.
Speaker 3 (21:06):
This is it.
Speaker 4 (21:07):
That's the blockchain explorer, right, it's blockchains is something very
hard to build and did very amazing. But when you
visualize them right that that's basically it. Right at the
table you can look at it. Nuvola is part of that.
They will run our notes professionally. You see, you can
see where it is globally distributed. We're right now North
America and northern Europe, in Australia there, Yeah, exactly, we
(21:30):
need somebody in Australia.
Speaker 3 (21:31):
I agree.
Speaker 4 (21:32):
We also need somebody in China and Asia and Africa
would be really cool. Maybe some guy from Nigeria, but
in America to make it truly global. Yeah, I know
we have this this this test not going on where
people can join us. About the notes, there is some
NFT requirement. We're currently set it at bold NFTs per note.
(21:55):
It seems right now that maybe we've said it a
bit too high, so it's really not a not a
final number. We probably make it a little bit easier
to run a note. And if you definitely want to
want to make sure you're you're part of the note
system join us in the test net. Were extremely community oriented.
Everybody like if you jump in, you help us setting
up an participated in the test net.
Speaker 3 (22:14):
You know, we take care of our community.
Speaker 4 (22:17):
So if you guys want to be part of it, does.
Speaker 1 (22:20):
Come okay, I'll check it out. How much is one
of those NFTs going for at the moment.
Speaker 4 (22:28):
Well, I think that the market is pricing in the
fact that Zebra's has a has a huge cross chain future.
Speaker 3 (22:37):
And I just want to pull up the chart now.
Speaker 1 (22:39):
Sometimes I was afraid to ask, you know, a big
cross chain partner chain development obviously that you can see it.
They're operating and it's jumped up of course, of course,
just as I asked, oh well, maybe i'll set up
a note right now.
Speaker 4 (22:59):
I think it's it's quite interesting to see, right because
you know, we what we did, we sold all our
all our NFTs out right. We didn't have any any
remaining things. If you ful of found us, which is
like straight rage found that, which is really a lot.
And I've given all my mind but one away for free.
And now what you can see, you can see really
(23:20):
the different development cycles that we have with Erbers, right,
So I think you see our first year right where
people really wanted to know where people didn't really didn't
know us yet, right, And then there was the first
time I have the excitement of us right, and it
went down in the descending triangle. Then we had a
bit of hype again and then we really went to
(23:40):
the development of the partner chain and here we announced
it right, and now you know, like we are thousands
percent up. I'd like, that's not the original minting price,
but stood higher.
Speaker 3 (23:53):
We did it for the original.
Speaker 4 (23:54):
Minting price, it was like, you know, seven thousand percent,
it shows now five thousand percent. I think I've not
put it deep enough up there. I think this is
really when when the community starts seeing if there's a lot.
Speaker 3 (24:05):
Of value in there.
Speaker 4 (24:08):
We have really big goals for the token, so the
token will be ce an NFT. That's how we bound too.
We will deploy bridges to other ecosystems that also to
which we go. So we will take a bit of
our doubt treasury and go open liquidity boots system. It's
(24:29):
here on Polygon against Milana because there will be certain
features added to the platform where you need to hold
tokens in your wallet, so that can be either specific indexes,
or when you go on our risk ratings, you see
there are no analytics anymore. And the reason is we'll
bring them back, but you have to hold tokens in
your wallet to get that. So by opening these equidity
(24:51):
boots across different chains and having the product outright becauad
very natural demand in ecosystems, you where there know other
serverce tokens available, so there's no selling PRESSU that's just
fire pressure. But of course the biggest utility of the
token itself always reminds the blockchain itself.
Speaker 3 (25:08):
It's a proof of stake block chain. So all fees earned.
Speaker 4 (25:12):
By the by the network, by the partnership, I put
it at treasury and then given to the validators for
the fulfillment of the job of running the notes. And
a validator both needs an NFT and it needs a steak,
so it need to these two types of tokens, where
by the steak can be provided by the fungible token holders.
(25:32):
And I just want to bring this up because I'm
just a numbers nerd. So how how a staking look?
Speaker 3 (25:38):
Like?
Speaker 4 (25:38):
Right, You're staking is the most powerful and like that's
the essential utility, right like ale having some token on
the wallet to see something. It's nice, right, but that's
not the point. It's it's really about keeping the network
alive in the same way that AID has kept their
lives through restaking, whereby you really want to want to
see h trust being pressed. We are is stoken, so
(26:01):
we can trust all the note providers. If you're interested
in that token, you can go to service dot I. Oh,
it's a very nice button here for the token paper.
You can read all the other things that we talked about.
Just want to bring this one up, which is the
staking curve. So we took a lot of inspiration of ADA,
so we like to We really love atas we like
(26:22):
to copy everything that's good about ATA. So similar to ATA,
we have this long staking curve of ten years starting
with fifty percent API. Of course it goes fairly fast down,
so you don't have fifty percent API for a year,
idea for a month, and it keeps going down until
it hits about five percent APY after twenty months. So
that's very important because our goal is to use this
(26:45):
part of the curve really to bootsteps the network based
on emissions, and after this point we want to subsidize
the API to keep it around five percent with productal revenues.
So did the space between this line right and the
blue line which now increases is what the protocol needs
to earn naturally and to keep it at five percent
API because ultimately the deserver's token is the super index, right,
(27:10):
like that is the one that earns peece from all
the other indexes. And we need to keep the network safe,
right because again, what deservers does essentially, I talk a
lot about indexes, but it is the risk grading. It
is the S and P it's going to employ risk grading,
and we need to keep them safe because also as
adapts are building on the top of it, and to ensure
the safety and correctness of these risk grading that's ultimately
(27:32):
what the token does by selecting the trusts it not providers.
So it is extremely important to keep that competitive and
keep it interesting and keep it as a beautiful asset
that you also want to have in your portfolio.
Speaker 1 (27:45):
Wow, Simon, I'm so excited about this platform and where
you guys are going.
Speaker 2 (27:50):
Like everything that you.
Speaker 1 (27:51):
Guys have built over the last couple of years has
been really really useful for the community as well. I
think I've got one of the NFTs and I bought
it purely so I could use the platform itself. But
you know, I kind of wish I got more now,
But that's okay, that's okay. Well I might might get
around to it somehow. But you do have your token
(28:12):
cell coming up right around the corner. I believe it's
on the eleventh of November. What are the details where
we where we can get access to this. I'll put
links in the show notes down below to that token
paper as well so people can do more research behind
it as well, so they can prepare themselves for this.
But where where is the token tel happening?
Speaker 3 (28:33):
It happens on mintswap. There will be a parata sale.
Speaker 4 (28:37):
We have been heavily that this mental community has been
supporting us by both doing for our catalyst proposals. And
you know, what can you do, right if a community
shows you so much love, right, you just can't do
anything else. But okay, guys, then we come back with
some some love. So there was really there was not
(28:58):
even a choice in raveo, like after after being we
appreciate it so much. So what happens in mint pop
it is a parata sale. The big thing about the
Deserber's token cl is we sell thirty percent of our
told supply. And what I really want to have people
(29:18):
understand when they look at the token sail at all
our details is that Zerbras has this long questioning journey
ahead of us. But the cnf T token sailed that
happens in mintswap is the first time anybody gets their
hands on a token after that, right like we have
these cascading additional sales event of the same bridge tokens
(29:41):
on other ecosystems. So a lot of people said, I
wish the bottomork searchers. You know, I wouldn't do any
say twice, oh good, oh good, all right, but you know,
of course I don't want to make disclaim right because
of course it's a token sale.
Speaker 3 (29:59):
There's always risking it.
Speaker 4 (30:00):
I'd like in every tail can, tailor's risk reservers notes
it very well, whatever you do, never never borrow money,
never do more than.
Speaker 3 (30:08):
You can afford. I think that's always yes.
Speaker 1 (30:13):
Of course, there's a none of this is financial advice.
Please do your own research on anything, especially in the
crypto space. Assets are very volatile and it is fairly risky.
Only speculate what you can afford to lose all right, Simon,
this has been a very exciting interview and I think
a lot of people are going to get a lot
out of this, like I said, or the links of
(30:34):
references down below. But is there any final words that
you'd like to leave the audience before we sign off?
Speaker 3 (30:42):
Eleven eleven.
Speaker 2 (30:45):
Brilliant.
Speaker 1 (30:46):
Okay, looking forward to the cell and hopefully you guys
do sell out.
All right, I'm joined by simonum Service and we're going
to go through all the really cool, amazing things that
the guys have been working on. There's just so much
to go through, everything from the risk analysis platform itself, sirens,
the service indexes, the nodes on the partner chains. There
is just so much and I'm just really overwhelmed with
(00:23):
what's going on at the moment. But Simon, thank you
for joining me on this podcast episode to talk through
everything here.
Speaker 2 (00:29):
Welcome back.
Speaker 3 (00:30):
It's always a pleasure to be here and thank you
for having me.
Speaker 2 (00:34):
So where do we start?
Speaker 1 (00:37):
Just like overwhelming, I'd probably probably start with the platform itself.
Can we get an overview for those that don't know
about service?
Speaker 2 (00:45):
What is it? And what are you guys building?
Speaker 4 (00:48):
It is overwhelming when you look in all of the details,
but I like to make it quite simple. We are
a crypt and NATA version of standards and poor Donald
and Pooh is more better known for their main product,
S and P five hundred. That's the usual thing when
your people talk about the stock market inpeat the S
and P five hundred. It underperforms the S and P
(01:09):
five hundred. What is the S and P five hundred.
It is an index, right, the five hundred largest marked
by market ap And what does standards in per do
they create risk gradings? Right? That that is really the
core business mode, right, you create risk gradings in indexes
and we do the same. Only do we replace the
(01:29):
corporation with a blockchain. And now most blockchains I used
to validate transactions, but we validated risk grading. So that
is really it is that these risk gradings they're computed.
Why denotes they contain the full risk model, they're computed.
A little bit of a shot of it is part
of it. Well token, then they agree and they publish
(01:51):
it on the chain. Why is it beautiful? We all
know that the risk model is computer correct because the
other people always double checking.
Speaker 3 (02:00):
We know how it is computed because it's open.
Speaker 4 (02:02):
Source and we have a perfect track record of all
risk gradings inscribed on a blockchain for each and every
asset that is within deserver system, which will be all
crypto assets. So very important to understand when we talk
about a blockchain, we refer to a Carodna partner chain,
and we chose to Crodan a partner chain framework to
be a Kartana project. It's able to serve all of crypto.
(02:24):
It's really important when you understand deservers, and our strategy
as a as a commercial platform really is to guide
risk gradings for any and all assets in crypto and
to create indexes both locally for let's say Kardana, but
also cross chain that when you are a Kardana user
(02:44):
and you want to buy, you know, maybe you want
to benefit from one of the other things in a
in a we want to benefit from the income crazy
in Solana. It's very hard to do that without leaving
the ecosystem, and I actually want that people can say
an ecosystem and still benefit from that. Andservers is exactly
that tool. Thrower indexes get whatever you want. Well, then
your portfolio.
Speaker 1 (03:04):
In your portfolio, that is brilliant, And thank you for
that explanation as well. That just makes total sense to me. Now,
now with the risk ratings, there's machine learning and all
that behind it, isn't it. It's you've written an algorithm
that determines the certain risk ratings for.
Speaker 2 (03:23):
All the crypto projects out there and all the assets.
Is that correct? That's how it works.
Speaker 4 (03:29):
That is correct. So we have been using the long
term methodology, which is called topological data analysis. So what
is that topology is? This specific version of mathematics is
primarily used in advanced cancer research because it helps you
(03:49):
to make more sense of complex statistical output. And when
we were looking into crypto networks, they're quite cat and
most importantly, they all look different and so wet that
that we did. We take these networks and by networks
that are referred to the wallets on the blockchain holding
it oken, take these networks and standardize them in a
machine readabile format and we call them shapes. I will
(04:14):
to show one of these shapes to make it understandable.
So we take these networks and put them into shapes.
And these shapes are truly what we put we use
as an input for a machine learning model. You can
see my Twitter screen, but these are the networks. It's
a very boring way of showing them, but these are
really the networks. You see the hubs and you see
(04:35):
like details, and we put them into these types of shapes.
And these shapes are perfect, absolutely perfect for a machine
learning model to understand. And one thing that we you know,
we saw a lot of people are trying to use
AI or machine learning for cryptographic data or whenever you
(04:56):
talk to people who've really tried it, always tell you
the things.
Speaker 3 (04:58):
It's basically impossible.
Speaker 4 (04:59):
There's not of data, and the data is too is
too is two different, it's two variable, so they're not
enough patterns. And this is really what we solved. So
whatservers did is is quite a scientific innovation. And we're
kind of part of the Kronanal project because you know,
Karana is known for research. We've been we spent one
and a half years, two and a half years writing papers.
(05:20):
You know, it's really what we did before we went
to the staff. And this is where I think deservers.
These words like cutting edge are so they used and
also AI is vary over use. That's why we don't
We're tired, we don't want to use them. It's a
machine learning model, but it is truly on the cutting
edge of science because we use these new mathematics. Half
of our team are physicists that have worked that out.
(05:43):
So that's that's really the background on what we have
found brilliant that I think is great insight of servers.
We found a way to describe them and measure them.
The model isn't perfect yet. This is what we will
open so also we allow other people to work with it.
But the key that we found is we found something
fundamentally true about these networks. How do we compose does
them and children? And this is what we what we
(06:03):
take it from here?
Speaker 1 (06:05):
Wow, that's amazing. This is getting me extremely excited about
the platform overall. Now, you also mentioned another thing with
the partner chains and how you guys are building out
your side of the blockchain things there. Now you also
kind of mentioned cross chain and interoperability across different networks,
(06:25):
and I know that you guys are also concentrating on
Polygon and Ethereum as well. And you mentioned Salama too
because you.
Speaker 2 (06:33):
Kind of have to.
Speaker 1 (06:36):
Is the reason why you chose the partner chain, so
that you could be more interruperable with all these other chains.
Speaker 3 (06:45):
That's exactly the reason if you wear a Kanana project.
Speaker 4 (06:49):
But in Karana is our base, there's so much more
other ecosystems out there, and the truth that we found.
Speaker 3 (06:58):
It's true for all of these trains.
Speaker 4 (07:00):
We wear brainstorming quite a long while, how we can
as a Krona project take advantage of their data and
and and also of deliquidity and when IHK published the
partner Chain Framework. Oh, we're so excited because it is
exactly a solution to our problem. Because but when we
need our own validator set and we need into operability
or what does the partner chain network do. It gives
(07:22):
your own validata set and it provides into alporability. So
I think that the partner chain framework, I think should,
if my humbler bean, should be the narrative for this run.
Like the Partnershain framework is incredibly powerful. It is extremely
smart from OK to push that. And you have to
see we get now all of these depths and or
(07:42):
partner chains and in servers will be forced to first
among on them, which you know, create value in entire
crypt ecosystem and a career to a cn NFT. And
I think that's exactly the push that we need as
an ecosystem.
Speaker 3 (07:53):
Two.
Speaker 4 (07:55):
You know, sometimes Karana is an island, and I think
that will stop to be. I think Krona will recop
move to the heart of the quipty ecosystem through this
partner chain framework and through our partner chains like Midnight,
like Zerobras, providing services to all of these blockchains and
also getting fees from there.
Speaker 2 (08:13):
Wow, Okay, that's super exciting as well.
Speaker 1 (08:16):
And this kind of leads me on to my next
question about the indexes. So me, as a Cadana user
at heart, I do want to get exposure to all
these other chains and the assets that are developing and
are pretty exciting over the other ecosystems, but I just
don't have the time to explore them and get a
good understanding. So does this mean I'll be able to
(08:39):
buy into these indexes on the Candana side but get
exposure over to Polygon and Ethereum as well, or do
I still have to move over to those particular ecosystems
the exposure to those assets as indexes.
Speaker 3 (08:56):
It's a stage process here.
Speaker 4 (08:59):
Ultimately, it's exactly what it means that you can buy
an index that contains Solana tokens as a cn NFT
and that you can really build your portfolio without ever
leaving the ecosystem. However, the first version that goes live
right after launch and I will show it quickly, will
still require you to be within these ecosystems, but it's
still in one app. So this is the Karama index.
(09:22):
And what you see what we did here is we
have three indexes we have the Ecosystem Prime one, we
have the Ecosystem Broad, we have the Ecosystem Growth. The
first thing that stands out is right like, we would
have doubled your money in any of them, which I
think is quite impressive. Most of them run for the
last few years, so you see this one. For example,
(09:43):
the Ecosystem Prime one, which is consisted of the best
rated as it's an ecosystem, starts in December twenty four,
twenty twenty two. One important note when we go live, right,
we reset them. This is a back test. Did we
run to show what it would have looked like if
it would have launched it on December twenty twenty two?
(10:06):
And how do we design them as really they're built
based on one premise only you want to have more
of the underlying So if you buy this one on
on on Kardano, the goal is really, did you have
more AIDA at the end of it you had in
the beginning of it?
Speaker 3 (10:20):
We did not.
Speaker 4 (10:22):
We don't do it against USD because we really see
as it's this DeFi first, primitive and over. If if
you are in Kardana and you're interested in investing in
in NFTs, you.
Speaker 3 (10:33):
Already believe in anderline.
Speaker 4 (10:34):
So our goal is really to make you more AIDA,
and we also what we did right, we're pretty confident
that this is system works.
Speaker 3 (10:44):
All the batts have shown it does.
Speaker 4 (10:45):
And this is also why we will see these indexes always,
you know, like with the yellow line showing where one
AIDA was when they're being issued, and then they go
up before I go and talk a bit more about
the cross train and stuff like how does it actually work.
So the index vault is a smart contract in which
you can deposit one AIDA and you get one vault
token back. If that vault token, which is surprised that
(11:08):
you see, increases right to let's say seventy eight, you
can go back to the vault input your vault token,
then you get sixteen eight back. That's how it is
desired it. Within the vault, right, there is a basket
of tokens which is rebalancing based on the risk gradings.
(11:29):
We rebalance depending on the vault, but we rebalance anything
between once a week to once a month too, sometimes
only once every three months. It's really depends on the
specific type of a vault. These are all long positions.
Some people have asked us if you can put steak
in and deeper positions in it. We can do it
(11:49):
at one point, but for now we are really really
focused on these simple long positions because we also think
that drive the most liquidity into the ecosystem. Which is
also very interesting is that we have already found quite
strong interest in professional investor money for this. I was
really like, this is they did. The poll was so
strong when we did that, And the reason is that
(12:12):
everybody wants to be in crypto, and there are a
lot of defa hatch funds and they know, you know,
they basically play around with the top tens, right, you know,
they're in Bigcore and solar Ata, but that's basically it.
And then they maybe have a study or something in
but they want to benefit from this local ecosystem that's
been traded on DEXes. But sometimes they have quite some
(12:35):
reservations because they don't know, they don't have enough stuff
to make all of this research. And so the idea
for a fund to a default fund to simply buy
an ecosystem broad index right of an ecosystem they're interested in,
makes a lot of sense to them. And again we're
quite yeah a lo it too, and it's quite interesting.
(12:56):
So Servers has been working with these funds and we're
really keen to get them out and get the money.
And so regarding to these cruss and funds, so now
you have to switch between the ecosystems and you have
to have a DeFi wallet coming in. But it's our
goal that within six months, six weeks or six weeks,
we will after lunch, we will release our first crush
(13:16):
funt that you can buy on each ecosystem, so you
can buy this one on on on on Aida, so
you can have an a c NFT that then could
correspond to a cross smart contract on the service partner
train that has assets from Exporeum, Solana, Anda and we
(13:38):
hope that by promoting that right across shed fund that
you will have it in both ways so you can
benefit from the training activity or another ecosystem. But also
even any Clum user Solana user would buy into that
index fense, they would also benefit from Ardana and bring
liquid to the Karan ecosystem. Tokens like Snake, they have
(13:58):
quite an interest from other chains and the idea that
you and there's not much difference between you know, buying
a wrapped snake or buying a Servers index, so we
see there's a huge opportunity. And I think this is
the most important thing to understand when you try to
evaluate servers in your mind is how big is the market?
Speaker 3 (14:19):
Right?
Speaker 4 (14:20):
And the market is all of crypto right, So that
that's really it. And we're fairly confident to do because
we have already interest from other ecosystems. And I just
want to show this one because when we say we
are partner chain, we do it for interoperability. This is
not just an attention that we want to do, but
(14:42):
it is truly requirements of the request we already get.
So for example, one partner that we have over on
the theorem side is this product is Alvara. Avara also
provides indexes, but as a as a as A as
a fun provider, So this is really important to understand.
What Servers does is we provide how the indexes are curated.
Speaker 3 (15:01):
Right.
Speaker 4 (15:01):
It's the risk and ass mentioned platform. So we are
very happy to work with other index base layer protocols
like Terra, like Alvara, and what these guys have requested
us is that we host funds on their platforms, bolts
on their platforms, and that we use our risk ratings
to integrate right into their oracle to evaluate their the
(15:23):
other indexes that are hosted on the funds, and I
cannot spreast enough. A huge this is that you have
now other EVM ecosystems coming to a credown a partner
chain and requesting services. Polygone did that, Polygon came to us,
gave us a grant asking for it. Alvara is coming
to us asking for it. Another one called iye collapse.
(15:45):
So we have a whole bunch of these cost chained
protocols that are coming to us and saying, hey, this
is actually extremely cool what you have here we kind
of needed in our ecosystem and you guys have a
track tracker and you have a lot of research into it.
Speaker 3 (15:59):
Could you help us?
Speaker 4 (16:00):
And I think I cannot imagine a better payoffs for
our CARONNAL community. Then there was being a maximum successful
and we are a way to do.
Speaker 2 (16:11):
This is amazing newser.
Speaker 1 (16:12):
It's really really exciting to hear as well, like other chains,
other protocols are just knocking on your door asking for
your services and your product, so that this is where
you really want to be. So this is absolutely awesome.
Now I do want to see eventually the platform be
like a totally chained agnostic So when you go to
the platform for a complete newbie, you don't want to
(16:35):
be looking at this chain, that chain, whatever chain, like
some chains they don't even hear about or know about.
Speaker 2 (16:40):
You just want to go to the.
Speaker 1 (16:41):
Platform and go that's the index. It's performing this this world.
It's gone up one hundred percent in the last year.
I want in on that index. So that's basically all
a new b user will be after as well. So
if you get if you guys get to that point,
that seamless experience, I think you guys got a huge
winner in the entire crypto space.
Speaker 3 (17:02):
That's absolutely the goal to get there, that it is seamless.
We even think about things like integrating payment solutions so
you can just DCA into an index. Most people trading crypto,
and of course I'm.
Speaker 4 (17:14):
Also a bit of a risk taker, otherwise I wouldn't
be a found of a projects. There's always a bit risky,
but I think that like knocking on what on what right,
most people who struggle to actually maintain trading positions profitable.
You know, they might win, they might lose, you know,
but that date they don't really make a lot of money.
Speaker 3 (17:34):
And that is true for the stock market as well.
Speaker 4 (17:36):
So the best thing that you can do is just
dcaing into an index only that you know, while an
SEP index brings you know, six six percent a year,
a crypto index brings you and actually a born right,
so it might make you much much more to just
DCA into that. And because the positions are rebalanced, right,
it's something we can read balance where you can make
(17:56):
DCA in for ten years without drawing. When we when
we move to the cost chain stage, we will also
have other layer one tokens in there, so you kind
of have an indexing big cordinator, but just have optimally
risk optimized portfolio. We're just day in and you know
there's a talent dec interest, transparent system that it's not
trying to rush you through to make extra game, but
(18:18):
it really just looks for the most sustainable, long term
balanced portfolio. I will put my money in it.
Speaker 2 (18:25):
Yeah, you know that's that suits me to a t.
Speaker 1 (18:28):
I've tried training, I've tried algorithmic training, butot training and
all that, I've lost plenty, and yeah, I go back
to the indexes like my regular trade five stuff I'm
just all in indexes and theyform anything that I've ever
done ever. So this, this is hugely appealing to me.
(18:48):
Dcaing into crypto index is absolutely perfect. So I can't
wait until this is all up and running and I
can get my hands on it and start.
Speaker 2 (19:00):
Moving some of my my trading strategies over to something
like this. Yeah, amazing, guys.
Speaker 3 (19:06):
You said something important.
Speaker 4 (19:07):
I want to always jump on that and clarified, right, Like,
observices is not a trading board, right like, because sometimes
people say, oh, is it a trading board? You know,
like it is an index, right, and it is an index.
It's being rebalanced and a very conservative metrics, right Like.
What we really look for is deservers ratings, which are
based on you know, hou is the community performing, what
(19:29):
is the underlying activity?
Speaker 3 (19:31):
And that's really that's very.
Speaker 4 (19:33):
Important for us, right to be understood like that. There's
also where we're sometimes hesitant with certain words, but because
of things there's a if a Google right now, a
trading board for crypt I don't know how many hits
I get, but I guess I get a lot, And
that's really not Observers needs to be differentiated, right. We
work with an open source model, and working with an
open source model also means.
Speaker 3 (19:53):
That with Alpha, like our goal is not to outperform
the market.
Speaker 4 (19:57):
That's not our goal. Our goal is to after the
perfect market without CV losses. And I think that is
already at least when I look some of the map
be for you. I'm very happy if we manage that.
I don't have this perfect market growth bring in and out,
and I think this is the perfect product right where
you don't, you don't have the radical alsos.
Speaker 3 (20:17):
And you have perfectly riskon before you.
Speaker 1 (20:19):
Yeah, all right, Now, you guys are also busy in
a lot of the other parts of the projects, such
as working with partners and whatnot, onboarding them. I heard
that Nuvela was one of your latest partners as well,
and they're dedicating resources to run nodes for Service as well.
Speaker 2 (20:39):
Is that correct? Did I hear that right?
Speaker 3 (20:42):
Yeah?
Speaker 4 (20:42):
A hundre percent correct. SA service is a partner chain.
We have our onset of validators. The partner chain is
is is it? It's testy, it's not a full partner chain.
Is the test and it's very important.
Speaker 3 (20:54):
We aim to.
Speaker 4 (20:55):
Be on on on on a limited main within the
next three months. So I can run the centralized and
then to a full main net. You know, shortly after that.
Speaker 3 (21:06):
This is it.
Speaker 4 (21:07):
That's the blockchain explorer, right, it's blockchains is something very
hard to build and did very amazing. But when you
visualize them right that that's basically it. Right at the
table you can look at it. Nuvola is part of that.
They will run our notes professionally. You see, you can
see where it is globally distributed. We're right now North
America and northern Europe, in Australia there, Yeah, exactly, we
(21:30):
need somebody in Australia.
Speaker 3 (21:31):
I agree.
Speaker 4 (21:32):
We also need somebody in China and Asia and Africa
would be really cool. Maybe some guy from Nigeria, but
in America to make it truly global. Yeah, I know
we have this this this test not going on where
people can join us. About the notes, there is some
NFT requirement. We're currently set it at bold NFTs per note.
(21:55):
It seems right now that maybe we've said it a
bit too high, so it's really not a not a
final number. We probably make it a little bit easier
to run a note. And if you definitely want to
want to make sure you're you're part of the note
system join us in the test net. Were extremely community oriented.
Everybody like if you jump in, you help us setting
up an participated in the test net.
Speaker 3 (22:14):
You know, we take care of our community.
Speaker 4 (22:17):
So if you guys want to be part of it, does.
Speaker 1 (22:20):
Come okay, I'll check it out. How much is one
of those NFTs going for at the moment.
Speaker 4 (22:28):
Well, I think that the market is pricing in the
fact that Zebra's has a has a huge cross chain future.
Speaker 3 (22:37):
And I just want to pull up the chart now.
Speaker 1 (22:39):
Sometimes I was afraid to ask, you know, a big
cross chain partner chain development obviously that you can see it.
They're operating and it's jumped up of course, of course,
just as I asked, oh well, maybe i'll set up
a note right now.
Speaker 4 (22:59):
I think it's it's quite interesting to see, right because
you know, we what we did, we sold all our
all our NFTs out right. We didn't have any any
remaining things. If you ful of found us, which is
like straight rage found that, which is really a lot.
And I've given all my mind but one away for free.
And now what you can see, you can see really
(23:20):
the different development cycles that we have with Erbers, right,
So I think you see our first year right where
people really wanted to know where people didn't really didn't
know us yet, right, And then there was the first
time I have the excitement of us right, and it
went down in the descending triangle. Then we had a
bit of hype again and then we really went to
(23:40):
the development of the partner chain and here we announced
it right, and now you know, like we are thousands
percent up. I'd like, that's not the original minting price,
but stood higher.
Speaker 3 (23:53):
We did it for the original.
Speaker 4 (23:54):
Minting price, it was like, you know, seven thousand percent,
it shows now five thousand percent. I think I've not
put it deep enough up there. I think this is
really when when the community starts seeing if there's a lot.
Speaker 3 (24:05):
Of value in there.
Speaker 4 (24:08):
We have really big goals for the token, so the
token will be ce an NFT. That's how we bound too.
We will deploy bridges to other ecosystems that also to
which we go. So we will take a bit of
our doubt treasury and go open liquidity boots system. It's
(24:29):
here on Polygon against Milana because there will be certain
features added to the platform where you need to hold
tokens in your wallet, so that can be either specific indexes,
or when you go on our risk ratings, you see
there are no analytics anymore. And the reason is we'll
bring them back, but you have to hold tokens in
your wallet to get that. So by opening these equidity
(24:51):
boots across different chains and having the product outright becauad
very natural demand in ecosystems, you where there know other
serverce tokens available, so there's no selling PRESSU that's just
fire pressure. But of course the biggest utility of the
token itself always reminds the blockchain itself.
Speaker 3 (25:08):
It's a proof of stake block chain. So all fees earned.
Speaker 4 (25:12):
By the by the network, by the partnership, I put
it at treasury and then given to the validators for
the fulfillment of the job of running the notes. And
a validator both needs an NFT and it needs a steak,
so it need to these two types of tokens, where
by the steak can be provided by the fungible token holders.
(25:32):
And I just want to bring this up because I'm
just a numbers nerd. So how how a staking look?
Speaker 3 (25:38):
Like?
Speaker 4 (25:38):
Right, You're staking is the most powerful and like that's
the essential utility, right like ale having some token on
the wallet to see something. It's nice, right, but that's
not the point. It's it's really about keeping the network
alive in the same way that AID has kept their
lives through restaking, whereby you really want to want to
see h trust being pressed. We are is stoken, so
(26:01):
we can trust all the note providers. If you're interested
in that token, you can go to service dot I. Oh,
it's a very nice button here for the token paper.
You can read all the other things that we talked about.
Just want to bring this one up, which is the
staking curve. So we took a lot of inspiration of ADA,
so we like to We really love atas we like
(26:22):
to copy everything that's good about ATA. So similar to ATA,
we have this long staking curve of ten years starting
with fifty percent API. Of course it goes fairly fast down,
so you don't have fifty percent API for a year,
idea for a month, and it keeps going down until
it hits about five percent APY after twenty months. So
that's very important because our goal is to use this
(26:45):
part of the curve really to bootsteps the network based
on emissions, and after this point we want to subsidize
the API to keep it around five percent with productal revenues.
So did the space between this line right and the
blue line which now increases is what the protocol needs
to earn naturally and to keep it at five percent
API because ultimately the deserver's token is the super index, right,
(27:10):
like that is the one that earns peece from all
the other indexes. And we need to keep the network safe,
right because again, what deservers does essentially, I talk a
lot about indexes, but it is the risk grading. It
is the S and P it's going to employ risk grading,
and we need to keep them safe because also as
adapts are building on the top of it, and to ensure
the safety and correctness of these risk grading that's ultimately
(27:32):
what the token does by selecting the trusts it not providers.
So it is extremely important to keep that competitive and
keep it interesting and keep it as a beautiful asset
that you also want to have in your portfolio.
Speaker 1 (27:45):
Wow, Simon, I'm so excited about this platform and where
you guys are going.
Speaker 2 (27:50):
Like everything that you.
Speaker 1 (27:51):
Guys have built over the last couple of years has
been really really useful for the community as well. I
think I've got one of the NFTs and I bought
it purely so I could use the platform itself. But
you know, I kind of wish I got more now,
But that's okay, that's okay. Well I might might get
around to it somehow. But you do have your token
(28:12):
cell coming up right around the corner. I believe it's
on the eleventh of November. What are the details where
we where we can get access to this. I'll put
links in the show notes down below to that token
paper as well so people can do more research behind
it as well, so they can prepare themselves for this.
But where where is the token tel happening?
Speaker 3 (28:33):
It happens on mintswap. There will be a parata sale.
Speaker 4 (28:37):
We have been heavily that this mental community has been
supporting us by both doing for our catalyst proposals. And
you know, what can you do, right if a community
shows you so much love, right, you just can't do
anything else. But okay, guys, then we come back with
some some love. So there was really there was not
(28:58):
even a choice in raveo, like after after being we
appreciate it so much. So what happens in mint pop
it is a parata sale. The big thing about the
Deserber's token cl is we sell thirty percent of our
told supply. And what I really want to have people
(29:18):
understand when they look at the token sail at all
our details is that Zerbras has this long questioning journey
ahead of us. But the cnf T token sailed that
happens in mintswap is the first time anybody gets their
hands on a token after that, right like we have
these cascading additional sales event of the same bridge tokens
(29:41):
on other ecosystems. So a lot of people said, I
wish the bottomork searchers. You know, I wouldn't do any
say twice, oh good, oh good, all right, but you know,
of course I don't want to make disclaim right because
of course it's a token sale.
Speaker 3 (29:59):
There's always risking it.
Speaker 4 (30:00):
I'd like in every tail can, tailor's risk reservers notes
it very well, whatever you do, never never borrow money,
never do more than.
Speaker 3 (30:08):
You can afford. I think that's always yes.
Speaker 1 (30:13):
Of course, there's a none of this is financial advice.
Please do your own research on anything, especially in the
crypto space. Assets are very volatile and it is fairly risky.
Only speculate what you can afford to lose all right, Simon,
this has been a very exciting interview and I think
a lot of people are going to get a lot
out of this, like I said, or the links of
(30:34):
references down below. But is there any final words that
you'd like to leave the audience before we sign off?
Speaker 3 (30:42):
Eleven eleven.
Speaker 2 (30:45):
Brilliant.
Speaker 1 (30:46):
Okay, looking forward to the cell and hopefully you guys
do sell out.
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