Eyes on Cardano! Latest Cardano ADA News Update, Sept 14th 2024

Episode Transcript

Speaker 1 (00:00):
We're going to talk about a lot of things here.
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(00:23):
is going okay. If you can't hear me, please let
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able to see them come in and when I switch
over to the next screen. Here, check this out. I
love this. We got a live chat in the top
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we have whoever's subscribed on next jaff awesome, mate, haven't

(00:48):
seen you in ages. I hope it's not too cold
in the bottom of Australia there. All right, let's get
into these news updates here. It seems like we are
all good coming through. Well, thank you, thank you. Okay,
I'll go through the comments and stuff at the end
of this session. I've got a lot to go through here.

(01:08):
Let me give you an overview of what we're going through.
We're going to look at deck Screener and all this
really cool stuff that's come out of it and why
it's kind of important and how it's going to impact
tap tools and other ecosystem tools out there already. We're
going to look at Ndmaker's brand new venture over into
the Solana space that this is pretty exciting too. I'm

(01:28):
going to have a look at some updates around splash
USDM or facts have launched their brand new network as well,
so we're going to look into that. Kadano Io what
do you call it, Input Outputs Asia too has been
going on. There's some highlights from the conference over there
in Japan, and we also have some updates around the summit.
And then I've talked through Kadano governance as well. A

(01:50):
lot of debates, a lot of topics around this, especially
around de reps getting paid at the moment. So I'm
going to go through a couple of two sides of
the story and see where the community he kind of
fits with this one here, and we are still a
long way to go with this government side. Of things.
I'll bring up some stats around that as well. So
let's get right into this guy's first news story. Here

(02:11):
on the wrong screen, of course, this is dex screener
now listing Cadano assets. This is really really cool. And
I was speaking to Nick. We did an interview about
SAT and swap and the launch of that with all
these other really cool things with the liquid pool and

(02:32):
all that, and he mentioned in the background that he's
been working on an integration partner doing all the work
for them to get this up online. And this was
with dex screener and dex screener for those that don't know,
it's a dex aggregator that brings in all the data
across all these different ecosystems. And if you have a

(02:52):
look at the here, these are so many chains here
that you haven't even heard of, the pulling in all
the data from. Some of these are like polygons, some
of these are like L two's and whatnot. So there's
a lot here. I'm scrolling and scrolling. You can see
there's a lot here. But finally we now have Kardano
on here. Unfortunately, at the moment, we only have SAT

(03:15):
and swap being displayed in the stats, but we can
see a various different to Cadana assets coming through a
lot of the meme coins that that's cool. But we
also had Mint at the top there, which is awesome.
So hopefully we do see some more of the Cadino
DEXes come into play. I have heard that there is
conversations with mint Swap and some other leading Cadano DEXes

(03:37):
as well, so we should see some more of the
data from the other DEXes come through over the next
month or so. So I'm sure there's a lot of
development in the background to get this working properly. Nick
mentioned that he had been working on a lot of
the bugs getting them all fixed up, so it did
take a little while to get this happening. Now, what's
the big deal? What is the big deal of this

(04:00):
purely down to exposure. Dex screen is used by so
many people to have a look at what's mooning next,
what people are moving on. So like the Solanna guys
here clicking Slana, you're looking at all these various tokens
across all of the crypto seeing what's going up, what's
moving fast, and people jump into those particular tokens explore

(04:22):
them and see what's going on, and that is the
same idea here, and now that we can have it
on the Cadna ecosystem as well, people may have a
look and try and find out what they can get
into on the Cadana side of things to try and
get their next ledge set of really big gains. So
hopefully we do see more tokens more, not just meme coins,

(04:44):
but also some of the really awesome projects that are
building our Candana into the space as well. So that'd
be absolutely awesome. Hey Hidy, good to see here as
well in the live for livestream cool so dex screener.
Awesome job Nick for bringing that in. I can't wait
to see what else comes out of this, and hopefully
we do see a bit of growth for Saturn swap

(05:06):
as well, considering that you guys did the majority of
the work to bring this all on board for Kadonak.
Now what happens to taptools and this is the big
thing that everyone's been talking about as well, So it's
great that we have this integration in. But it also

(05:28):
now means that a lot of people might not use
taptools as how it was because all this data is
now coming in from dex screener as well, but taptools
brings in so much more information for Kaduna users compared
to what dex screener could provide you. And with the

(05:48):
pro features here, they are quite unique. I'm looking at
all the hot wallets at the moment, so this is
a pro feature of taptools. I'm looking at all the
hot wallets. These are highlighted wallets within the Kadana space,
and these particular wallets here you know what's trading, what
they're holding, so you can inspect this and see what's happening.
You can do a wallet profiler as well, like analyze

(06:10):
particular wallets. So there's a lot of really cool unique
features within taptools. So I don't think taptools will disappear
anytime soon. I think taptools is one of those really
crucial things in the Cadano space that a lot of
users here use, So hopefully we don't see that disappear.
I've personally bought the brand new tappies. If you have

(06:32):
look here, these are the new tappies. I'm not affiliated
with them at all. I just like to support Candano
devs out there and these guys are building some useful tools.
So I've purchased one of these just to be able
to get into the data and the analytics through these
various pro features here, So highly worthwhile do check them out.

(06:52):
You can see what I'm looking at here. Maybe I'll
do a little bit of a more of a preview
for the guys, so that's anyone that's considering buying a
tappy can see what they're getting and what they can
get out of this data. I might just click on
one of these wallets here and you can actually see
like a wallet profilo pro version, so here you can
see this particular user. You can see how much liquidity

(07:12):
they have and see what they're actually holding in their wallet.
You can see what they're trading, their history, if they're
taking any loans out, and then you can start analyzing
what they're doing and then mimicking those particular trades and
following it along. So if you're watching a wallet and
suddenly it's growing over a six month period from you know,
half million to a million, it's probably worth watching to

(07:33):
see what type of trades they're doing, what they're getting into,
and what projects they're following, so that you can mimic them,
so that's the idea behind that. So it's really good
to have these type of tools. Now the next new
story here, this is pretty pretty cool and end Maker.
You know, these guys have been doing some amazing stuff

(07:55):
since very early days of Kadano, and now for them
to go multichain, I think is a really really big
milestone for the team. They've probably saturated Kadano as much
as possible. The NFT space on the Kadana ecosystem has
kind of died off a little bit. There's nowhere near

(08:16):
as much volume as what it used to be or
compared to other chains. So I think personally, as a
business move, it's probably a smart move to start expanding
multi chain and exploring what other ecosystems have and what
type of communities have. But on the flip side, so
that's really good for end Maker, but for the businesses,
for the NFTs, for people that are minting and driving

(08:39):
that kind of economy. This brings a whole new layer
of accessibility for users. So now you can still use
end maker, but you can launch your project on two
different chains at the same time. So Endmaker I've used
it for various projects myself and it is so easy
to use, so easy to set up. You can use
it to put in all the you can get an artist,

(09:01):
you can get them to draw the layers of your
NFT project and use the back end there to piece
it all together, then set up all your entire mint payments,
payment addresses, everything. It's so easy to use. And now
to have that available on multiple different chains even better.
So who knows where else they'll go. Obviously they're not
going to tell us anytime soon, but we'll see that

(09:22):
expand over. So you can now use end maker to
Mint on Solanna. Now there's a little bit of conversation
around that, a little bit of you know, hey, maybe
end Maker shouldn't have moved multi chain trying to entice
projects over to Cardano's so we can have more liquidity
come into the Cadinda side of things. I'm all for interoperability, guys.

(09:46):
It's like these businesses, these leading projects that are building
a Candina that started on Candina, If they can bring
in and bring in more exposure to the awesome products
that we're building here via going multichain, I'm all for that.
This is probably a good approach. I really do think
it is Patrick's rebuilt the n maker website as well.

(10:08):
It's pretty sleek. I really have to say it's pretty sleek.
This is it here. I'll just scroll through a little
bit here, but you can see the main new focus
at the moment is our WA's these real world assets.
They've got the t of diamonds. They did the diamonds
mint a little while ago last year, I can't remember.
Now it's all blends together. But now with their new platform,

(10:31):
Finest and their surge towards r WA's, I think they
are in a really good position to be able to
deliver the assets, the NFTs that are the mutable record
of those particular r WA's. I think they're in a
really good position. Anyone that goes to it now would

(10:52):
have more options. They can mint it and have their
NFT delivered on Solana, they can have it delivered on Cadano.
So that's really really important. And you know, I'll just
segue a little bit here, but I was reading up
on that dish partnership. Remember from twenty twenty one when
Io announced that there was that big dish partnership. The

(11:13):
Fortune five hundred company Kadana is going to partner up
with them. I was looking into the partnership and what
Dish had actually delivered, and I have to say what
I read was really disappointing. The experience, Like this was
a blog article from a user that I was talking
about their Dish experience. They were trying to get to

(11:34):
the influencer level, so you had to do all these
tasks within their app, and then you gain these points
and then you eventually earn an NFT, And the things
I had to do was you know, one whatever. But
when they actually got their NFT, they had to claim it.
They had to claim it on a blockchain that they'd
never heard of before, Kadano. They tried to connect their

(11:55):
meto masks and all these type of things. I think
it was a little bit too early. There wasn't that
deep level interoperability for that, and the user experience for
them was absolutely horrid from what I could read from
this blog post. So I think now the ecosystems a
lot more interrupertable, it's a lot more integrated between different chains,
and having something like this with ndmaker now being able

(12:17):
to mint and deliver on different chains as well, it's
going to be really good. So hopefully we see this
expand even more, and I really hope they do go
seriously multichain everywhere and have their solution on everything. So
that's whatever they release, whatever product it is like newcast
stuff to io, whatever they are partnering with can deliver

(12:39):
some awesome stuff cross chain and deliver value to Kadano
that end. Make it taken everything else. So congratulations and
make it team. I think this is a really good move.
Let me know in the comments down below what you
guys think. I know there was a bit of a
debate about this next news story here. Splash they seriously
have made us recently so Splash protocol and other orderbook

(13:02):
decks on Cardano and they I finally worked out how
they get these transactions so fast. When you're doing that
transaction and the swap on Splash, you can instantly have
your buy order or sell order transition back to you
straight away, like almost straight away, as soon as you
do that transaction submission. When you do the transaction submission,

(13:27):
it goes into the men pool. They can read that
men pool and see what's in it and then reward you,
not reward you, but do that transaction for you. As
soon as that transaction comes in so they are predicting
and not predicting, but reading what's coming in and then
doing that swap straight away. So as soon as that
swap comes on chain, it comes back at you, which

(13:48):
is insane, which is so so fast. I think that's
the fastest experience that you can get on the Cardano
ecosystem at the moment. I think Sunday Swap I saw
a py reply to that. That's something similar that they're
doing at the moment as well. But they're absolutely dominating
at the moments with the amount of volume that's going
through their decks, and that's pretty much due to snack

(14:09):
dot Fun and all the meme coins launching on there.
So we're seeing a lot of activity there around the
meme coin thing. I'm totally not into the meme coins.
I'm pretty much against meme coins in general because I
know there's so many scams on there. I did a
video about those scams as well, how people are just
pumping up meme coin and then rugging it afterwards, So

(14:30):
please be careful when you're playing around with this. But
there are so much there is so much liquidity going
through it at the moment, which is really good, and
it's bringing a lot of tension to Kadanak. There was
that bit of debacle around the transactions speed, the unoptimized
scripts out there, but everything's been fixed up now and
it seems to be going and flowing really smoothly. So

(14:51):
do try it out now if you do want to
try it out just to see what it's like, or
if you're into the meme coins, go for it, go
for life. I want to remind you guys, hit that
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(15:12):
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(15:34):
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that like button, that'd be absolutely awesome. Next news story here.
This is this massive amount of boost that USDM is
getting at the moment. Everyone knows that we need an

(15:55):
awesome stable coin on Kidano, and USDM is lead the way.
They're doing some awesome stuff in bringing in this liquidity.
It's still not open up to retail at the moments,
which is a little bit unfortunate, so we can't jump
in and start minting at ourselves. But these big players
are loading up like nine hundred thousand a million in

(16:17):
each time. Is really good to see because we're seeing
users come in mint that and then put it into DeFi,
which is amazing. That's exactly what you want to see.
A lot of this USDM is going over to liquid finance. Then,
I think the yield there is insane. It's like you
just provide u DC or u SDM on their protocol

(16:40):
and you can get like an over twenty percent yield
in return. So that is absolutely awesome and a lot
of people are taking advantage of that at the moment.
So I still haven't done a video on liquid finance,
and I still don't know how to use that platform. Properly.
That's why I haven't, but I will. I think I
really should, because if you have any USDC, if you're

(17:01):
just sitting and waiting around for this bull run to
kick in, you might as well put that USDC to
work or USDM in this case, and to earn some
of those extra awards. So I'm definitely going to look
into that. I have been looking around the Charlie three
feeds as well to keep up to date with all
of these updates with the USDM. If you haven't got

(17:21):
one of the developer accounts, do check it out. The
data here is very nice to see and scroll through.
They've got a total of thirteen Oracle feeds at the
moment for the various tokens in the Cadano space, so
it's nice to have all that data there. You can
click on USDM and get that live data feed. I
think it comes in at the end of the business
day in the us there, and you can see that

(17:44):
massive little spike there. Wonder if I can zoom out
a little bit. I can't zoom out any further, would
have been nice to if I could zoom out over
the last three months, because there has been those big
chunks coming in now. One of those chunks, one of
those million dollar chunks was for iogs and lace wallets

(18:06):
bug bounty, So I don't know if anyone has managed
to hack that lace wallet bug bounty for their paper wallet.
If you could hack and get into that particular paper wallet,
which they gave you a copy of, then you could
keep that one million USDM. I don't know if anyone's
going to break that. I did talk about that particular

(18:28):
wallet's potential seed phrase being created with the ubikey, and
if it was, I think it's pretty much impossible. You
have to socially engineered your way into the company to
be able to get those particular assets and devices, and
even then you have to be there physically. I think
it's impossible to hack that wallet. So maybe it is
the most secure paper wallet in the world. That'd be
amazing if it really is. But yeah, Now, the other

(18:53):
side of the oracles that we're hearing about the moment
is with orc Facts and these guys, look at what
they're here. This is amazing. So they've delivered some really
optimized oracle feeds. Let me just let let me play
this little thing here. I wonder if I can do
the audio. Oh I can. Yeah, awesome oracle cost reduction,

(19:20):
cost efficiency, sustainable feeds, multi feed publication, lots of features here,
so I peaking in the audio there. Let me just
turn that down a little bit. But yeah, lots of
things that they're working on here are made possible now
on the Cadano space And I'm having to look at
their explorer here on orc facts explore dot or fax

(19:41):
dot io. These are all their Oracle feeds. At the moment,
they've got twenty one feeds, so they've been working a
lot in the background here to make this all possible.
I know they had this little bit of a drama
back when they found out their feeds weren't very decentralized
or decentralized at all. And now there we've reworked the

(20:01):
whole platform. They've done a lot of work here and
made these Oracle feeds more decentralized. With launching of this
particular network, I've seen a lot of people celebrate this
one as well a lot of people that were critical
about these particular centralized Oracle feeds, but it looks like
those people have celebrated this launch, so I'm assuming that

(20:23):
these are a lot more decentralized compared to what they
were before on ORC facs. So this is something I'm
going to dive into and try and get a better
understanding of. I know Peter from ORC Facts it's been
working a lot on this. I've heard that he is
doing an interview with thro Rid from DAP Central as well,
So check out that interview. It might be a really

(20:45):
good one if you want to understand how ORC FACTX works.
So congratulations to the or Facts scene. This is a
big milestone for you guys now talking about milestones. Love
how I'm seguating here, segueing here tonight and this is
the birthday celebration Kadana's seventh birthday celebrated over in Japan

(21:06):
where with the Murgo and io io input output to
hk iog celebrating over there, and this is this is
really cool. Let me just open up these photos here
if you haven't seen these this this was quite a dinner.
I suspect now there's quite a few presentations that came

(21:31):
out of that event. It did look quite good. I
wish I was there. It's one of those things. There's
a lot of events on at the moment in the
Kadana space, and there's you know, you can't be everywhere
at once. But this is a video that came out
of the event. Now I haven't watched this yet. I've
just had a look over the the captions and stuff.

(21:52):
And this is about bringing in circle USCC more stable
coins to the Kadana space. And you know, one here
said they're ready to bridge this. If it's a native
implementation of Circles Circles us DC on Kardano. They can
bridge this from other chains directly to Cadana, so people
can start flooding the Kadana space with their liquidity if

(22:15):
they want to. That's the idea, that's what we're hoping
for here, But I don't know. This is one of
the things that I've been thinking about as well. It's like,
we enable USDC, will it bring in that USDC liquidity
that we're after on our chain? And I argue, you know,
what's the incentive for anyone to bring USDC over to

(22:38):
Kardana from Arbitrum, from any other chain. Why would they
bring it to Kardana if they aren't earning extra yields
or the defile platforms out there. Everyone that is building
on Cardana has to find these ways to generate more
yield for anyone to bring in that USDC. If it's
you know dex tokens like min tokens and stuff, a

(22:59):
lot of these tokens do go down in value over time.
So what's what's what's the real incentive here? Are you
going to generate more USDC for these guys? Where's that
USDC coming from? Is the interest that's coming in from
holding the USDC? I don't know. So this is the
big thing that all the defied protocols have to think
about to try and attract the USDC over to Cardano.

(23:23):
And you know, liquid Finance are delivering and and providing
a really big amount of value at the moment, so
maybe something about that will attract a lot of people
over to Cardano to bring in that stable corn liquidity.
And I really hope they do because we do need
it for a better trading experience. But let me just
play this clip here from Charles. This is a little

(23:44):
bit of a conversation about what the Cadana Foundation are doing,
So let me just play this.

Speaker 2 (23:52):
There are some homegrown stable coin projects on Cardana, for
example USDM and USDA, but the largest projects by far
a Tether and Circle, and the Cardinal Foundation has been
in pretty aggressive negotiations now for a while with Circle,
and they're trying to figure out how to get them
into our ecosystem. And that's kind of the remittant job.

(24:14):
I don't have any philosophical problem with it. However, it
is important to understand that when a stable coin comes
into your ecosystem, the stable coin, if it gets too
much economic activity, ends up having a great degree of
power over the ecosystem because you can't clone a stable coin.
You can't have coin A in coin B. They're back

(24:34):
one to one. So if you ever fork and there's
a debate of which chain is correct in the system,
the stable coin actually gets to decide that Currently seventy
one percent of all economic activity and ethereum is either
Tether or Circle. So if Tether and Circle get together,
they effectively get to decide which fork of ethereum is

(24:55):
the real one. So it's really hard for us to
say we have on chain governance and your as ADA
holders in charge and you get to vote on forks.
But then a foreign actor who has no investment or
connection to the ecosystem other than the fact that they
control a stable coin actually gets to decide which fork
is prominent.

Speaker 1 (25:13):
That's pretty interesting. I never thought of that, the stable
coin having the power to dictate which fork of the
chain is the right one. They can decide that they
may have a lot of tokens that being allocator on
a new chain and say hey, we're all moving over here,
liquidity moves there. That's insane. Didn't think about that one.

(25:34):
Let me continue this.

Speaker 2 (25:35):
All of this is diversity, So instead of having one
stable coin that rules all of them, you have a
collection of them that compete with each other, so nobody
has too much economic power and uses in all markets.
Monopolies are a great example of that. If only one
person controls the entire market, they get to set the
prices and they have an undue amount of influence on
the system. So I don't have anything against Circle, And

(25:57):
you know, if I was negotiating, obviously I would fight
hard to get them here. But it's the foundation that's
been doing those negotiations and I would hope that they
conclude at some point. From our position, we've been working
on alternatives. We work with a lot of the small
stable coin issuers. We created JED with Cody, which is
an algorithmic stable coin. We've also been working with the

(26:17):
State of Wyoming to see if we can get their
stable coin project to issue on Cardono natively so we
can have those. So they're absolutely necessary. We're starting to
see them grow in the ecosystem, but there are definitely
some challenges with them, and it is important to understand
that just the existence of that stable coin doesn't necessarily
mean you get economic activity. For example, Algoran has Circle

(26:40):
support and they minted over three hundred million dollars worth
of Circle tokens on their network and it didn't appreciate
the price of Algoran and it didn't increase the TVL
or other such things at Algorth. So the existence of
these things doesn't translate to use and utility you have
to have.

Speaker 1 (26:57):
Yeah, I'll stop it there. That's exactly what I was saying.
It's having Circle doesn't necessarily having UCC doesn't necessarily mean
that anything will happen. Projects have got to adopt it,
projects have got accepted, et cetera, and there's got to
be some sort of yield incentive as well. I did
see USDM push out a lot of partnerships lately, so

(27:19):
they're saying they've partnered up with such and such and
USDM will be the primary stable coin used on that
whatever platform it is. So I'm seeing, you know, the
Monetta guys work that level of partnership and integrations to
make sure their stable coin is used widely used everywhere

(27:40):
within the ecosystem. So I think they're going the right way.
They're definitely going the right way. Okay, where was I? All? Right?
So this all these events absolutely amazing. Wish I was going.
So I believe are going now to Token twenty forty
nine over in Singapore. That's this week, so eighteenth and nineteenth.

(28:02):
I think it was another event I can't get to.
Really disappointed. Would love to go. And of course now
we also have the Kadana Foundation's Kadana Summits coming on
October as well. Now look at this, early bird tickets
are almost sold out. If you are or wanting to go,
this is probably your best chance now to get these

(28:23):
early bird and cheaper tickets. Twenty third twenty fourth of October.
If you are heading over, get your tickets now before
they're all sold out again. This is another event I
can't get to. It's just not good timing for me.
The markets aren't that great either, to be honest. So
I won't be going to this particular event this year,

(28:45):
and I won't be going to the convention, the Governance
Convention late this year in Argentina either. That's just a
horrid flight. I'm not going out of protest because it's
just ridiculously far away. Anyway, the Kadana Foundation Summit, if
you are going, get your tickets now. This is another

(29:07):
motivation for you go. And this I really wish I
was going. This is a yacht party that Kaysen is
organizing for the Friday night event. So this is a
Friday night side event at the in Dubai where he's
obviously hired a yacht somehow. Maybe he's got some very
rich friends or his staatepool's doing well. I don't know

(29:28):
what it is, but Kisan far out mate. If you
are going, make sure you register for register for this
particular event as well. Registration start open until the thirtieth.
Get your little ticket there. Obviously there's going to be
a lot of people and get on this yacht party
in Dubai. It's going to be absolutely insane, so deeply

(29:51):
jealous of anyone that's going, and that is sharing their
photos as well. Please don't tag me in anything. I
don't want to see it. Now, this other really cool
thing that's come out of this Kandanda Foundation is Tyler's
brand new T shirt that he's created for the foundation.
So this is get your proof of purchase NFT with

(30:12):
this brand new T shirt. This is the genesis block
for the chang Hard Fork. I believe it is. That's
that's what it was created. But this T shirt here,
Tyler's phenomenal artist. He's created some really cool stuff for
the Candana Foundation. He did the NFTs for the Candani's
Summit Awards. I don't think he made the one for

(30:34):
the one that I got back there, that trophy, don't
know if you can see it. But the one last
year I believe he created, and you know, it's just
stunning through the artwork. And this is another piece that
he created as well, So do check that one out.
Do support his work. Tyler does some really cool artwork
in the space. Now, let's have a governance catch up

(30:54):
and see what's actually happening in the governance side of
things here. Oh boy, there's a lot of things happening
at the moment, and all of these governance workshops are
pumping out. There's so many governance workshops at the moment.
This is the latest one this weekend in Buenos Aires,
and I think the team did a really good job
here of organizing event space. This is absolutely stunny. I'm

(31:16):
assuming the convention might be at a very simplest place
or at the same space itself. I did hear that
Charles had to skip the summit and had to go
to Buenos Aires, Argentina to talk to the president about this.
So there's some serious, serious collaborations here are happening at

(31:38):
the government level within Argentina, and whatever they're doing there,
I'm pretty sure it's all around identity at the moment,
incorporating there at Tyler Prism identity, this identist solution. I
believe the Cadana Foundation are doing theirs as well with
their identity wallet. But we'll see what will come out
of that. So we'll hear it after the summit. But Charles,

(32:00):
we will be presenting at the Cardano Summits side event
in Bonus Aires, so we'll see what is actually happening.
But these workshops here, if you are interested in Kadana
governance and want to contribute to Canana's constitution. Now's the
time to find a constitutional workshop that is happening around
the world. There are so many of them. I wish

(32:21):
I had the link to it at the moment, but
I'm sure if you do a quick Google search, you'll
be able to find the link to the Luma site
where you have all the constitutional workshops. There's over sixty
of them around the world, so you can jump onto
one of those, attend and contribute to Kadana's future, the constitution,
the rules and what we are going to follow as

(32:43):
a Condina blockchain and contributing to it. So please, if
you can attend one of these events. Now, from what
I've understood, two people will be chosen from each one
of these events to attend the Constitutional Convention over in
Bonus ares later this year. So if you attend one

(33:03):
of these events, all the people within the event will
vote on who those two people will be, select who
those two people will be, and be selected to go
to the convention. So this is a free ticket potentially
if you want to go to Bonus Areas for the convention,
attend to one of these workshops, attend one of the workshops,

(33:25):
contribute and you can be voted in and head over
there yourself, So this is really really awesome. Also, if
I think I heard correctly, this is a public event,
so you can't just buy a ticket and go to
the convention. You have to be a representative from one
of these workshops to be able to go to the event.
So it's a little bit of a closed door event. Unfortunately,

(33:50):
I really wish I could have gone as a spectator
and just watched and reported on what's happening. But this
is a closed door event for people that are going
into the space that have collated information feedback from the
community around the world to bring it to that particular
convention to write the constitution. So I believe that is
how it's been organized. All right, if you can get

(34:14):
to event, I'll put the links down below a little
bit later and get to it so you can be
a part of this monumentu's milestone within the Cadana ecosystem.
Now EUROI wow, these guys have been working hard. They've
been adding all these different features to their wallets. And
if you haven't looked at Euroy in a long time,
I hardly suggest you revisit it. Just have a look

(34:36):
at what they've done. They've really up their game in
regards to what Kadano wallet has. They've incorporated everything that
you need now, including governance. So now you can go
through and delegate to a de rep. You can register
as de rep, put in your default options of the
sustain or no confidence so you can continuously earn their
eight awards that's on the cards up the moment. If

(34:59):
you don't do one of these default options, you can
possibly not get your aid awards anymore. You'll still earn them,
you just won't be able to withdraw them. So it's
something to keep in mind. Now, let me just go here, Yeah,
this is my wallet here, so you can They've really
made this really simple, so you can click on change

(35:20):
de rep or delegate to a de rep. All you
need to do then is add in the de rep
idea of the person that you are wanting to delegate to. Here,
you can just like grab the de rep id as
easy as that. Whoops, wrong screen, paste it in, confirm,
sign the transaction, and you're done. That's it. It's they've

(35:41):
made it as simple as possible. They've gotten rid of
all the clutter and just made the screens really really simple.
So governance in Uroy. Good work, guys. Good to see
that you're still building, you're still doing some stuff and
pushing the wallet forward as well, so that's absolutely awesome. Yes, guys,
this is live, so I we'll be going to the

(36:01):
comment section afterwards as well, So if you want to
leave a comment, please do. I'll go through the comments
right after all. Right, where was I now? The governance
at the moment, it's not going too well. Only zero
point seven percent of the total aid in circulation is
participating in this era of governance. That's not much. That's abysmal, guys.

(36:26):
And I know with Project Catalysts it's really hard to
push people into the era of voting in Catalyst alone.
And now we're trying to get everyone in the Cadana ecosystem,
every single eight holder to delegate to a de rep
or registered selves or set there willants to abstain or
no confidence of those one of those default actions, and

(36:49):
we are obviously struggling at the moment. So maybe hopefully
we can get up to at least one percent by
the end of the epoch. We've still got two and
a half days ish left to get to the end
of the epoch. Will we get there, I don't know.
At this rate, I don't think we will, so hopefully
we do. And you know, maybe if we do enforce
the fact that you won't be able to withdraw your

(37:11):
AIDA rewards unless you delegate to a d rep or
one of those default actions, this will then hopefully get
this particular percentage up if they force that and force
people to participate in governance that isn't set in stone yet,
so we'll see. We'll see how that goes. Maybe we'll
see more of this after the convention. I don't know,

(37:33):
but it's one of those things that we need to
work on now. If you want to see any of
these stats, another website I've been playing around with is
adastat dot net and you can easily see. It's really
clean interface to see what's going on. This is the
latest governance action, well the only government action at the moment.
It's an info action to name the next hard fork Hosky.

(37:56):
I love how it's actually changed. Actually, so we didn't
have these outing boxes here with the thumbs up thumbs
down before, but now we can really easily see, like
how many de reps have voted up, how many de
reps have voted down. How many sbos have interacted as well?
And then the committee too, Oh it looks okay, not
voted yet. Okay, misread that, but you can see here

(38:19):
that's hopefully, well not hopefully, but it seems that the
no votes are winning at the moment. So the next
hard fork won't be called chain point one point two
or whatever, or it may be called that. Sorry, it
won't be called Hosky. Now. I wouldn't actually mind, now
that I had come to think of it, I wouldn't
actually mind it. Kind of like drums up the drama

(38:42):
around the space. There's always drama, isn't there and calling
it and you know, someone coming in with a massive
amount of aid it and just saying yes and they're
gaining everyone's vote here and calling it. Forcing it to
be called the Hosky hard fork, I think would be
hilarious at the last minute. Why not, let's see what happens.

(39:04):
But you can see all the governance actions here. You
can go through and see all the other governance de
rep side of things as well. You see how many
de reps have registered. We've got lots of stats here.
We're at three hundred and seventy nine at the moment,
which is really good. So more and more people are
registering as de reps. If you don't want to delegate
to a de rep, you can register yourself. You can
register yourself and not make it public and then just

(39:27):
do your own voting in the future. So you've got
lots of options there. Now. One of the big debates
at the moment is whether or not de reps should
be compensated. And you know, I'm in two minds about this.
I understand the points of view that everyone is coming

(39:48):
up with at the moment, so I'm clicking on too
many tabs. I do understand the whole point here and
what could happen. So if de reps are compensated, and
compensated really well, like a decent amount of AIDA, they
could form that centralization of power where certain people will

(40:13):
try and gain as much power as possible so they
can vote in particular directions and earn AIDA for it.
Now there's two points here. So one, if you're paid accordingly,
there's less motivation to act maliciously on the chain. So

(40:34):
I if I was a massive well, I could put
in a governance action. Putting up a governance action. This
is another debating topic. At the moment, each governance action
will cost you a hundred thousand and eight to put
on chain. It's a lot of AIDA. But I could
also vote for my own proposals and push my own
proposal through and pay myself an extra one hundred million eighter.

(40:58):
So you know, there's there's those type of things as well.
And if then centered there for de reps to act
properly within the ecosystem, and if they're paid properly, they
could help. They'll want to defend that type of thing. Otherwise,
if you're not paid and you see those type of things,

(41:18):
you might just say, I don't care, it doesn't matter.
I'm not going to get that aida. I don't care
where it goes. I won't vote because what's the point
that's you know, there's there's the other flip side of
these things as well. But here Micah says, conversation of
de reps is the most dangerous posal gaining momentum right now.
If governments becomes a yield platform, it will be optimized

(41:39):
for power swings from community to defy Oligarch's mass centralization issues,
et cetera, et cetera. So there's there's there's a multiple
viewpoints here. The other side here Alex plant plant Mas,
he works for the Cadano Foundation sustainability lead. He says,
de rep delegators, i e. The community should be compsated,

(42:02):
compensate them if they want to. Spos are conversated with
staking rewards by the protocol to secure it. De reps
should be compensated for their delegations for representing their interest.
So there's both really good arguments here. Could you imagine
if spos were not incentivized to run the network, you
probably have a really bad network. You wouldn't wouldn't have

(42:25):
sbos stay up all night ensuring during the ITN that is,
staying up all night to ensure that those blocks were
being minted, working out the bugs and getting it all working.
And because of that, because of that incentive, we have
now a really smooth, bulletproof, bulletproof blockchain because of the

(42:47):
dedication there. So you know, I'm in two minds at
that moment. My point of view is I think I
can contribute as a de rep and handle the workload
as it is at the moment. I know there's not
going to be many governance actions in the early days,
and I can contribute as much as I can, but

(43:07):
as soon this takes more than ten hours of work,
I have to then sacrifice my time on other projects.
I have a business, I have a kid, I go
to the gym, I box all these other things. When
it starts croaching on that side of things, I probably
won't be a de rep anymore. There's lots of things
about this. There is one thing that I am working

(43:29):
on at the moment though, around the de rep side
of things, and hopefully we can make this a thing.
Let me just pull it up for you. I wasn't
going to talk about this, but you know, since I'm
talking about this whole DEREP thing, I might as well.
There is I'm trying to form a group, an alliance,
a group, I don't know what to call it at
the moment, but people within this vertical of the time zone,

(43:49):
Southeast Asia, Japan, Oceanic Region, South Pacific. I'm reaching out
to anyone in this area, this region that will be
awake right now and could contribute and join in on
town halls, spaces, etc. To talk about whatever governance actions
come up. I want to be able to pull resources

(44:10):
from various various de reps. Lean on their knowledge, lean
on their expertise, so to be able to teach other
de reps what's going on. So if a really technical
issue comes up that needs to be discussed, I'd love
to have Micro in that space and be able to
educate us and tell us what's going on. If it's

(44:30):
a really finicky governance issue, I'd love to have these
guys are really into reading the Constitution and understanding it,
or to try and explain it to us. You know,
what's the best decision is that will reduce workload, It
will help governance actions faster, all sorts of benefits here.
So I'm trying to form this group, this alliance group

(44:53):
that would not necessarily all vote in the same direction,
but at least share resources and information to make the
de rep experience easier. So if you are in this vertical,
this particular time zone, please reach out. I'd really love
to hear from you so I can form this group
together and form this little bit of alliance. Now, Kadana Yoda,

(45:14):
this is where this whole conversation came from. And he
put out this poll here. I haven't voted on this
one yet, and he molso did a lot of writing
a documentation around the various ways that de reps could
be rewarded. There's all these different models. I've mentioned them
in a lot of my other videos. Please check them out.

(45:37):
But you know, looking into the annual budget for de
reps and how they would be paid is an interesting aspect.
And you know, none of this is locked in stone yet,
none of it's written into the constitution, none of it
is set as parameters, but there are those parameters there
to make this happen. So we are looking into what

(45:57):
particular payment model there could be here at the moment.
So if you haven't seen this yet, chime in on
this particular debate, chime in on what the pay rate
should be might be for a d REP. I haven't yet.
I will wait and see and see how this one goes.
Eight hours left. Maybe I'll vote in the early hours
before I wake up, or something before I wake up

(46:20):
when I wake up. But be interesting to see what
you guys think about this one. I'll put links down
below in the show notes afterwards. Now that is all
I have in regards to all the news stories for
this particular news update. I think I've gone for almost
fifteen minutes on ramblings and everything here. So I'm going
to check the live stream chat here and see what

(46:40):
you guys have been talking about. I don't know what
you've been talking about here, so I'm going to scroll
up and have a look. If you do have a comment,
please leave a comment. I'll check it out and see
what you guys are up to. Jeff yep harty yep, Hey,
thanks for coming in, David. Where is there going to
be a tap tools app? I don't know. That would

(47:01):
be kind of useful. Actually, taptools out be nice because
then you can get push notifications around different tokens and
price movements and all that stuff. I haven't heard anything
of a tap tool's application, so that'd be really really good. Actually, now,
this is a comment here from px kq. Is it

(47:22):
safe to be reading the men poo and act on?
It doesn't seem secure until it's locked and chain. Yeah,
there was a little bit of argument around that, but
it's pretty much if it's in the men pool and
it's going to hit the chain within twenty seconds, it's
pretty safe to do. So it's essentially it's a transaction

(47:42):
in the men pool. It's across all there's statepools out there,
it will hit the chain at some point in time.
If the men pools are full, they do get through eventually.
So if it gets to the point of just being
added into the X for the swap and it's not
going to be action because the liquidity isn't there, I'm

(48:05):
assuming the splash guys have thought about that and you know,
put in logic where it wouldn't execute the smart contract.
So I'm assuming they have thought about that. That will
just make sense. Otherwise they wouldn't. They'll be losing money,
you know, So I'm pretty sure it's safe. The for
what they're doing there sounds like Lunar too. I'm assuming

(48:27):
you're talking about the liquidity on Yeah, okay, so doctor
Ashley hears talking about sounds like Luna too. Twenty percent
yields sounds a little bit suss. Now. I don't know
what the yield breakup is for liquid finance now. It

(48:48):
all depends on what it is. So if they're giving
their yield out in their in the liquid token, they're
essentially just printing money printing their token, so it wouldn't
be a massive amount, wouldn't really matter. So Luna was
what they were doing. They were printing out extra lunar tokens,
so they were printing the same asset that they are using.

(49:09):
And you know that didn't make sense. But here am
I connected? Let's see here staking governance. I don't know
where to go for this. If anyone is watching and

(49:32):
they can tell me where I can find these yields
liquid rewards, please tell me because I don't know where
it is. But yes, doctor Ashley, it's all depends on

(49:52):
what the yield is. If it's all in liquid tokens,
then it would make sense they can offer that high
APR supplying APR No, okay, ah, there it is, you're DC.
So here we go. We've got what's it coming in outers?
What is it being paid as? I still can't tell. Yeah,

(50:22):
I can't tell with confidence what it is. Details, but
there's a lot here and the APR ap y is
twenty percent, which is absolutely insane. Oh it's clatterized assets. Yeah.

(50:50):
I've really got to get into liquid and get a
better understanding of it. But when I do, I'll let
you guys know. Ben Miguel, what's the new channel called?
My new channel? This is it? Here? It's I called it,
originally called it Learnkadano tutorials, but I tweaked it slightly
and called Crypto Tautorials, guides and Courses link. I'll just

(51:12):
pace it directly in the chat here for you guys,
so if you do want to follow it, please do.
But it literally will be just tutorials. It will be tutorials, guides,
walk throughs, everything from defive protocols to different hardware wallets.
I've noticed anytime I posted any type of content like
this on my main channel, it'll just tank three hundred

(51:35):
and four hundred views at the most. People aren't interested
in that type of content. So I posted that now
over in the other channel, so it separates it so
it doesn't affect the YouTube algorithm. Even when I do
interviews on my main channel, if people aren't interested in
that particular topic, they don't watch it and it tanks
the channel. It breaks the algorithm. So when you're doing

(51:55):
YouTube videos, you need to build upon your previous video.
So if you you do something really strange after your
last video and tanks, your whole channel tanks and the
algorithm doesn't favor you anymore. Yeah, really interesting stuff with
the YouTube side of things. Hence, if split the channel Lord.

(52:21):
Good to have you here. Jeff, you're still in the
live chat. Awesome done. Good to have you here as well.
Thank you for always supporting the channel and becoming a
channel member as well. You are absolutely awesome, Marcel, awesome,
good to see you here. Life steak is at four
hundred and twenty six point six, so well of five

(52:41):
one percent. Now awesome, really good to hear. Live stake Okay, cool, great.
I can't do the math that quickly in my head,
but thank you for doing that. So we are well
over one percent. That's really good to hear. We're on
our upper trend. Thank you. Thank you for doing that.
Darknor actually, can you vote direct from your ledger or terreso?

(53:03):
Yes you can, Yes you can. I did a tutoro here.
So with the Ledger you had to upgrade your Ledger
to the latest version of the app on the device itself.
So the device, I can't remember what version it was.
I think you had to. I've got in the documentation here,
so yeah, here we go. I'll just go down. Of

(53:26):
course I didn't write in the door. Here we go.
You need to be on version seven point one point
three on the actual Ledger device itself. So if you
go onto Ledger and you see you go to about,
you can check the version number of the app, the
Condona app on there. If it's less than seven point
one point three, you won't be able to participate in
governance because it hasn't got the the the transaction construction

(53:48):
code on there. So you upgrade to that version, then
you can start writing the governance transactions and then you
can start delegating within the various wallets. This particular video
to tour that I did did it with Eternal. Well,
so we'll guide you through using your eternal the internal
wallet with a Ledger and voting that way. So it's
really easy to do. Just follow the tour there and

(54:10):
you'll be able to start delegating. JAFF So mysterious. What
sorts of plans? Oh yeah, I was trying to work
out what you're talking about. That was the global dominance
plans for Southeast Asia, Oceania and all that with the

(54:30):
de reps that vertical, it's just putting things together for
this region. It'd be really good to see. I was
talking to some other people and you know Odds Cryptocon
that's coming up in November twenty third, twenty fourth of November,
and at the moment we don't have any Kardano representation
there and it would have been great if we have

(54:53):
the funds for it, so we can ensure that Kardana
is there every single year, and this era of governance
can make that happen. But we also need support of votes,
de reps and everything else around it to make that
happen as well. So if we can get the support
of the de reps in the region, we can ensure
that we always have presence at oz Cryptocon, at Coinfest

(55:18):
in Bali, at Tokien twenty forty nine in Tokyo, not
Tokyo's in Singapore, and then we can have all these workshops.
We can have hackathons. We've got hackathons in Berlin and
make it put one together. We've got hackathons and dev
courses in Argentina. The teams there Sun Solar Pool put

(55:40):
that one together. So you know, we've got some other
workshops around the world. We need some more representation here
in Australia and in the Oceanic, the Southeast Asia regions.
The guys from Sindan Labs over in Hong Kong, they're
just starting their workshops right now, so they're putting things together.
They've got callous funds to do that, so we need
to keep on getting this funded. Well. I love to

(56:01):
see smart contract developer courses in the universities here everywhere,
from Singapore, Taiwan, Hong Kong, wherever it is, Australia. I'd
love to see that smart contract developer course. I know
here at QT they have that smart Contract Developer course
going on at the moment and their teaching solidity. Why

(56:24):
not Aichen, Why not Achen? I want to make that happen.
I want to see that happen, and whatever courses are
being created here, of course, replicate and push around the world.
So other universities, other people, other de reps, other people
that are interested in creating those courses and making it
happen around the world, we can do. So it's all
about the adoption. At the moment, we need more adoption.

(56:49):
So sorry, Jeff, I went on a bit of around there. pKa,
execute have you checked your mobile nightly? That adding dark mode, DAP,
DAPT connector and other stuff seems like a whole new
not haven't checked Nightly yet, and I think I should.
I don't have it installed on this machine here, but
I will and check out and see what the guy's
been up to. I'm thoroughly impressed with, you know, the

(57:13):
state of Yuroi at the moment in just this particular
build here, So you know, if it's anything to show
where they're heading at the moment, be amazing. So it's
Euroays come a long way. And I know people think, ah,
you're Ays a wallet of the yester year. Sure it is,
but so many people still use it, so many people

(57:34):
still have it. I pushed them to Eternal, I pushed
them to Lace, I pushed them, Hey, there's all these
better wallets out there that have a really nice UI
and interface. But you know, you're always catching up, and
they still have EUROI on their phone. They still have
Yuroy as their first wallet. My partner still has EUROI.
She hasn't moved. She just still has original AIDA from
twenty seventeen. It hasn't touched it since, so it's all

(57:55):
in EUROI and she's not going to move anywhere else.
So it's you know, it's a staple wallet for many
many people, So it does need to be developed, does
need to be improved. Where are we here, Jeff?

Speaker 2 (58:09):
Yeah?

Speaker 1 (58:09):
YouTube algorithm doesn't seem to like mixed content within a channel. Yeah,
it certainly doesn't. You've got to keep the keep the hype,
keep the rumors, keep the news. Hence this is a
hype news channel, now, Lord, dex screen is an actual
aggregator like a simple swap or just information platform like coincacker.
It's more of an information platform. So dex screen here,

(58:30):
if we go to it here, I actually haven't logged
in with my wallet, so I don't have an account
within dex screener to be able to go through deeply
and see. But the only things I've seen within it
is data data about the various tokens, et cetera. So
I can't. I can't do a swap like I did

(58:54):
in what do you call it taptools with dex hunter
on the side, so you can do a swap with
the token that you're looking at. So it doesn't have
that type of ability, So it's pulling in all the data.
They must have massive databases. You can do all sorts
of crazy things with this, all sorts of charting, But
I don't see anything else other than charts and data.

(59:16):
All right, where are we? Ben Addison? What's up? Everyone,
Thank you for joining the live stream, the livestream chat.
You have great rant, completely agree. Thanks mate. All right,
it's getting late here, it's getting ten thirty. I've kept
this stream up for one hour, just over an hour now,
So thank you everyone that's joined in the live stream here.
Thank you for joining me in on this news update

(59:40):
and going through everything that's happening in the CADNA ecosystem.
So hopefully you enjoyed this one here. And of course
if you did hit that thumbs up, hit the like button,
hit the subscribe button as well, and you get more
Kadano news in your inbox wherever it ends up. I
think it's in the earbox. You get an email notification
and I'll see you guys in the next video. Yeah,