Massive ADA Withdrawals, Strike Finance Expands & Cardano Governance Votes

This week’s Cardano update covers everything from the Draper U pitch day to major infrastructure changes like Mithril syncing and multi-language node implementations. With over 932M ADA flowing out of exchanges, speculation is growing around a possible price surge. Peter also explores Strike Finance’s liquidity growth, VyFinance’s UI upgrade, and governance changes that could reshape Cardano’s funding structure. Emurgo’s push into real-world assets via Midnight adds another layer to Cardano’s evolving ecosystem.

Episode Transcript

Speaker 1 (00:00):
A midweek update for you guys. Lot's happening here. We've
got the draper U residency coming to the end and
all these projects doing their pictures, really exciting stuff. We
also have a bunch of infrastructure updates. We've got mythrle,
we have no diversity, some really key things happening on
the blockchain. We also have ecosystem updates, lots of them here.

(00:21):
So I'm going to cover as much as possible. So
many projects are reaching out saying, hey, Pete, can you
mention me? So I am. I'm doing it for you guys.
And also I'm going to cover governance in this one too,
So lots of updates. Let's get right into it. Hey everyone,
I'm Peter buy If this is first time here at
thumbs Up, like subscribe notification bell, please use those chapter
markers down below. They're there for a reason. If you

(00:43):
use those chapter markers, you can jump to a topic
that you're interested in. If you're listening to the audio podcast,
sorry I don't do chapter markers there, but listen all
the way through anyway, guys. I've got some really interesting
stuff here and hidden gems along the way. All right,
let's get into it My first new segment here is
about the Global Pizza Party Day. Now, if you haven't
heard about this, if you don't know where it is,

(01:04):
this is organized by the Pizza DW to commemorate that's
infamous day. When I maybe pronouncing his name wrong here
Las Lasaslow. I'm just going to end out. Laslow spent
ten thousand BTC bitcoin on pizzas, brought two pizzas with
a little bit left over the next day. He likes

(01:25):
leftovers apparently, but he spent ten thousand bitcoin on that,
so that's nearly one billion dollars in today's money, So
that's a lot of money that he spent those bitcoins.
And this is a special day to commemorate that's occasion.
But there are many different events happening around the world,
and I'm pretty sure you'd be able to find an

(01:45):
event really close to you so you can get to
get to it and celebrate this particular event all the
way through India, Southeast Asia, even the ones in Australia,
and I will be at this one here in Brisbane,
So if you are in the Brisbane area, come along
to Felon's Brewery, say hi, take some photos. I'll be

(02:06):
there at the event and you can come along and
celebrate this I wouldn't say momentous, but memorable day when
this poor chap spent ten thousand BTC on two pizzas. Anyway,
I'll see you there, guys. Now, this is a pretty
interesting update here, and this is looking at some on

(02:26):
chain analytics around what's happening in the Cadano space. And
check this out. Nearly one billion worth of AIDA three
nine hundred and thirty two million has been withdrawn from
centralized exchanges since beginning of twenty twenty five. That is
a massive amount of outflows. Now, the last time there
was this major outflow was back in twenty twenty one,

(02:49):
and there was a huge combination of things. There was
smart contracts coming, there was a Sunday swap ICPO, there
was a lot of ICPO, so a lot of people
were moving their AIDA out of exchanges so they could
capitalize on those ibo's initial staatepool offerings where you could
stake your AIDA on a local stakepool and then earn

(03:10):
some extra awards. You get to Sunday tokens, you get
mel tokens, so all those extra tokens in the ecosystem
were really desirable all those defile things, and that also
sparked in an all time high back then because people
weren't because they had them on their wallets in their wallets,
they weren't selling them directly and exiting out to fit

(03:30):
on the centralized exchanges. So we saw that massive all
time high. Now we're seeing some interesting things here with
the outflows of AIDA again. So we've got massive mount
outflows to wallets, but there are no major ispos at
the moment. There's nothing like that. Well, actually there is,

(03:51):
and it might be because of midnight, the midnight Glacier drop,
but we don't have any details about that, and we
don't know exactly what's when the snapshot is if it's
actually happened. Some people said it's already happened, but I
don't have any concrete details. So that's pretty interesting. And
we also have the Bitcoin os air drop, so they're

(04:14):
dropping their boss token to the ecosystem, So it may
be correlated to that type of stuff because you do
need to have the assets in your wallet to be
able to participate in the particular air drops. So this
is quite interesting to see and it may be a
very similar thing. Okay, So what I want to know

(04:37):
now is will we see also this all time high,
this all time high repeat. Now, the economic situation everything
is very different to compared to what it was in
twenty twenty one. Back then we also had COVID stimulus
paychecks and the world was essentially spending all their money
on GameStop and crypto. So this may not be a

(05:00):
similar repeat, but we may see some sort of spikes.
I don't know personally if we're going to see a
spike over the old all time high, but we may
see definitely a nice spike because of those major outflows.
But we'll see, we'll see. That's something to keep an
eye guys, and I'll keep your updated and reporting on

(05:21):
this type of outflows and what might be happening in
the Caadana space in regards to AIDA's price. Now, this
next new story here is about the draper U residency program,
and it's already been five weeks. I can't believe it.
All these projects in the Cadana space and these new
ones that are popping up over from the other blockchains
and other ecosystems, they've finally gone through the residence program

(05:43):
and they've gone now into their pitch days. This is
really cool because they've been now armed with all the
resources and tools they need to be able to pitch
in front of VCS. These are all the projects here.
You can find it on the Draper u XP profile.
But these projects here have all gone through that particular course.

(06:04):
Lots of really cool picks from there, and I think
a lot of projects have gotten major exposure to VCS
and whatnot. So this is a really cool thing for
any of the projects. And I think from this picture
here you can see that they definitely got the skills
now to refine their pictures. Just seeing this one single

(06:24):
slide here five second onboarding mobile first experience. Those type
of things really catch the attention of people and go
oh wow, five seconds and you're on boarded. That's fantastic.
And you know, VESPA has had this from day one,
but to actually throw it out there in front of
people is something different. You've got to market yourself, you've

(06:46):
got to sell yourself, and that's a really hard thing.
So I'm really happy that all these people have managed
to get through and gone to this point. And like
I said, there's projects that I would really love to
get a better understanding of beef by. I think that's
how you say it. I don't know much about their project,
but love to know what they're doing, so you know,

(07:07):
if you guys reach out to me, I would love
to have a chat. But now, what's next. The CV
labs one is now happening over in Switzerland, so this
is the next incubator accelerator program that's happening at the moment.
And some of the Condita projects got into this one,
so I'll be keeping an eye on this one now

(07:28):
to see what the guys are learning from this. But
it's pretty much the same thing, like people are learning
how to get into that VC space, raise funds, and
really accelerate the growth of their projects. So awesome stuff, guys,
and I'll be keeping an eye on all those projects
that managed to get through now. If you haven't yet,

(07:48):
this is just a quick request to like subscribe give
me a thumbs up, not only for this channel here
if you haven't done so already, but my new crypto channel.
This one's focused purely on tutorials, so it doesn't fit
well with this channel. Anytime I put up a tutorro
on this channel, it tanks any other subsequent video afterwards.

(08:09):
This channel was mainly about what's happening on Kadano, what's
happening with Ada in general. But this other channel here
is more of the boring stuff on how to set
up a Cardano node, how to build a node from scratch,
how to do a swap on steel swap, what are
babel fees, excet, you know, all that stuff that is
really a little bit more tedious, and people don't like

(08:32):
to watch it, and you know, I have to check
on a different channel, So please give this other channel
a like and to subscribe. I've renamed it. It's now
called Crypto Tutorials by Pete, so hopefully you'll be able
to find that it's a little bit easier than what
I had before. Now let's have a look at some
infrastructure side of things. This is the core stuff. This
is the Kadano node, all the software there that runs

(08:56):
the blockchain, and there's lots of updates from this. This
first one here is around Mythril.

Speaker 2 (09:01):
Now.

Speaker 1 (09:02):
Mithril is a protocol for lightweight access to the Kadano
blockchain by removing reliance on full nodes for synchronization. It's
streamlines blockchain verification while maintaining security. So this is a
really nice way of sinking the chain. If you're starting
a brand new node, you sync the chain by using Mythrel.
Now there's a whole bunch of sub stakepool operators out there,

(09:24):
including myself, who are Mythral signers. Basically, what you get
is a snapshot of the Kadano node, and then the
Mythral signers will sign that snapshot and say, hey, this
is an authentic version copy of the Kadano node. This
one's good to go. So if anyone else that wants
to start their node, they can download that copy and

(09:45):
then start sinking from that point. So for example, where
epoch I don't know, I don't know what epoch we're
at the moment. Let's say it's five one hundred and thirty.
So let's say the Mythral signers have signed a snapshot
that blockchain up to five hundred and twenty nine. So
anyone that's starting a block of brand new node can

(10:06):
download that snapshot and then start syncing from node five
hundred and twenty nine as opposed to epoch one. So
you know, it saves a massive amount of times. It's
like sinking within forty minutes compared to a day and
a half, so it's a massive difference and Mythral is

(10:26):
a powerhouse behind that. If you want to learn how
to actually create a node and sync with Mythyl, this
video to toury here will actually show you how to
do it. So you can watch this one and set
up your own node at home and sync with mythyl.
It's really really cool. Now let's go through the rest
of risk thread here. So key benefits lightweight, well, it's
mobile applications, Layer two solutions and stakepool operators. Yep, that's

(10:50):
what I'm using. The next bit here at mechanism, Mythyll
aggregates individual signatures from the network particimants into multi signatures,
creating compact certificates for usless validation advantages, quick synchronization with
the blockchains, optimize for resource constraint environments, inherits Kadana's cryptographic

(11:10):
security future developments, integrations of zero knowledge proofs, interesting or
compact certificates, decentralized aggregation processes, and if you want to
learn more, there is this blog post here and you
can go through this blog post learn everything that Mythril
has to offer. Now, if your staatepool operator isn't a
mythral signer, I highly recommend that you reach out to

(11:32):
them and ask them to be. The more mythraal signers
we have, the more verified that particular snapshot is on chain.
So it's a really good way of supporting the ecosystem
and it's really easy to do. It took me maybe
five to ten minutes to set up the mythral signer
on my node, So really encourage you guys to reach

(11:53):
out to staatepool operators and make sure they are a
mythrial signer. This next news item here is around no
Diverse and there were a lot of people in this
space here talking about the different nodes of building on
the Candona ecosystem. It went for two hours and it
started at two am for me to four am, so
there was no chance that I was joining on this
one live. But it's definitely something that you guys all

(12:15):
need to tune in on to find out exactly what's
happening in the space. So at the moment, the main
Condona node is written in Haskel. Has School is a
very rare language. It's not very common and there aren't
that many developers for it. So when you're asking and
trying to hire for HASKEOL developers. It's costly because there's

(12:36):
barely any of them and they're all off building aerospace software,
you know, if satellite technology, so they're really high level devs,
and has school is really good for that type of stuff.
If you're building white control systems, you want to write
in has SKEO because it's very secure and it's very
formally verified, so it's got a lot of benefits in

(12:58):
what you have there. But we need to now expand
the ecosystem beyond that and start adopting different languages so
that way if one node fails, such as the main
Candona node there's a bug, there's an issue, all the
nodes aren't affected by We have different types of nodes
of running that can support the network and keep things

(13:21):
going without being impacted by a failure of another one.
And I'm not saying that the main CADNA nod will
fail like it's been engineered to the nth degree, but
we do need to now start looking into it so
we can start improving and speeding up development. So this
is a really good summary that are put together for
you guys. So this is a bite size read over

(13:45):
of what's happening in the node diversity space. So we've
got the main Haskell node by iERG. We have Amaru,
which is being supported by Pragma and has that big catalyst,
that big Treasury proposal at the moment asking for funding
to get this one over the line. And this one's
almost done as well. We have these new ones called Akropolis.

(14:07):
We have Dingo by blink Labs. We have Dollars by
tx pipe, the typescript version by Harmonic Labs. We have
Razor by side dev. They're the Filipino outfit that build
everything in dot net so Go team. And then we
have the Scalus one as well. Don't know too much
about that one, but Scallus is that same programming language

(14:28):
in the Ergo ecosystem, very similar to Haskell, but a
little bit more popular. So they've got more devs on
this side here, so you can see all of this
extra diversity in the ecosystem and imagine running all of
the different Cadano nodes out there in these different languages,
and they all have their pros and cons, like this

(14:49):
one here modular plug and play architecture. So if you're
writing a particularly DAP, a decentralized application in the ecosystem
and you don't need indexing for whatever reason, then you
just set up a node that doesn't have indexing. You
just have maybe the submit part and the sinking part
of the node, so that way you can get the

(15:09):
transactions out there through this particular node, and that's all
it is. It's a very lightweight, it's very flexible in
that regards. This one here is a developer friendly APIs.
So if you're running this particular application with dollars, then
you are just interacting with the APIs and doing whatever
you need to do. So they have all their pros

(15:30):
and cons in regards to what they can offer. But
the main thing here is that it can open up
and attract different developers to the ecosystem, and I think
that's really key. That's one of the really important things. So,
for example, Dino here is written in Go, and I'm
a big fan of this one here because Go is

(15:51):
really popular. It's really popular out there, and there's a
lot of cryptographic libraries that already exist that have been
written for Bitcoin, been written for evm all in Go.
And for a Go developer that has a fully functioning
Kadano node written in Go, they'll be able to pull

(16:15):
in those libraries that have already been written, and maybe,
let's say it's a brand new encryption standard in Bitcoin
that they want to integrate it into Kardano so that
we can have interoperability between the two chains. They can
just pull that library in, integrate in that particular library,
and bam, there they go. They've got that brand new
encryption over from the Bitcoin space into the Kadana ecosystem,

(16:38):
and they don't need to rebuild that entire library from scratch.
That's the power of node diversity. I keep on talking
about this one and I think it's really important. Chris
from blink Labs explain that to me and I was
just mind blown. Let's go for this no diversity. We've
been talking about this for the last two years, so
we need to now start branching out and expanding this

(17:00):
for our own ecosystem. Ethereum, for example, have multiple different
nodes and some are more popular than others, so you know,
we are now going into that space where we are
going to have a big node diversity. I would love
to see a PHP node. I don't know if it
will happen. I don't think it will happen. It's not possible.

(17:22):
We can't run it on a PHP, but you know
they're running on typescript. Who knows. We may see something
purely for PHP. That's my programming strong point. Anyway, if
you want to go through this post here, I'll put
a link to it. It's on my ex profile anyway,
x dot com slash learned Kadano, you'll be able to

(17:43):
find it. It's pretty recent and you can learn more
about no Diversity. You can also listen to the X
space as well. I've put a link to it within
that particular post. Not getting much love on this particular
post at the moment, but I'm sure it will gain
traction later on. Anyway, No Diversity really important, guys, check
it out now. I do these videos and regular basis
to keep you guys up to date with everything that's happening.

(18:05):
I do all these interviews and I don't get paid
for any of this. All my revenue primarily comes from
the YouTube ads and sell of NFTs. So if you
want to support the channel, you can become a channel member.
You can have a look here. These are all my
fantastic channel members at the moment. You can subscribe if
you have the means to do so, and it's just

(18:28):
a prize of a cup of coffee. So I've kept
it as low as possible. So if you can, if
you do have the means, if you do want to support,
you can do so that way, and it keeps me going,
keeps me motivated, and keeps me producing these videos for
you guys. If you can't afford that, that's totally fine.
You don't need to. Don't feel guilty that you can't.
But if you can at least hit that like and

(18:50):
subscribe button, it helps with the algorithm and it helps
me get these videos out there for at the community. Now,
with that out of the way, let's get back to
it all right, guys, Let's go through the ecosystem updates.
Like I said, there's quite a few here, so use
the time stamps down below to skip ahead to the
ones that you're most interested in, or just listen on in.
There's a lot here to take in. The first one

(19:10):
here is around MINSWAP Labs and they have their first
dour proposal under gov v two. So this is the
next era of governance for MINSWAP, and this is the
first proposal here. This is a MINSWAP Treasury Management Working Group.
There's a lot to go through here, and I'll let
you guys absorb that information in your own time. But

(19:31):
this here is the focus of it primarily is to
essentially grow the MINSWAP ecosystem. It is the largest decks.
They're pretty much self sufficient now with a large treasury,
and hence they're looking at ways to use that treasury
to grow their ecosystem and in turn it will also

(19:51):
grow the Cadana ecosystem. So, if you are a MINSWAP holder,
if you are staking mint tokens within that platform, connect
your wallet and vote for this proposal. Read over it
in detail, Engage with the community if you need to,
and find out how and what you should vote for.
But at the moment, it looks like it's going to pass.
It's a ninety nine point five one percent voting yes,

(20:15):
but hasn't officially reached the threshold yet, so it might
not pass just yet. You need participation in this. If
people don't vote, then it won't pass. So let's get
together guys and push this one through. If you think
it is worthy, make sure you read through over this proposal.
I will put up a video to tour about this one.
I've been meaning to do it, but I've been missing

(20:37):
all of these particular governance votes. But I will show
you exactly how to do it as well. Make sure
you check out my other YouTube channel that Tata will
be This next one here is around strike Finance, and
I keep on talking about this one. I think I've
mentioned in every single video update, but check this out.
This is a sneak peek of there youI for adding

(20:59):
in liquidity or editing your position. So this is really
really cool. This is the next next phase. Now, when
people were looking at Strip Finance the last couple of days,
I've seen in my video comments down below that people
complaining this is this a joke? Maximum limit here is
one thousand USD And yeah, that's because the liquidity isn't there.

(21:23):
People aren't putting in the liquidity for the platform. The
team been putting in themselves. But now you can, well
soon you'll be able to put in the liquidity and
hold a massive liquidity position. This is just putting eight
on the platform so other people can do longs and
shorts and if they fail get liquidated, those liquidity providers
get their rewards. It kind of just it's cool thing.

(21:47):
But here let me read this one for you in detail.
Today was another strong day of revenue and we're now
on pace for one million, one hundred and sixty five thousand,
three hundred and seventy two eight in FIE fees this year.
That's a lot of fees. We added liquidity a few
hours ago, but it was all used before we could
make this announcement and crazy we'll add more liquidity scenes,

(22:10):
but this will when this interface opens to the public,
will be able to add more liquidity and people can
jump in whenever they want. So pretty exciting stuff from
the Strike Finance team. I can't wait to see how
this one grows over the rest of the year. This
next one here was an interesting announcement that ties into
Stripe finance and this is Flow. This is a brand

(22:32):
new borrowing lending protocol and they announced we are excited
to announce our integration with Strike Finance. Strikes quickly turned
into one of cadna's favorite adaps, and our protocol will
focus on building and deep building a deep lending market
for Strike. This means users were able to use Strike
as collateral to borrow aid. It cool. That means the

(22:55):
more eighty have you can go longer on strike, so
this is double leveraging. You can use your strike borrow
a lot of aida, go on a long position or
short position on strike finance, earn that and then full circle.
I think you earn some strike tokens and then you
can go and borrow more. Now, I don't know if

(23:17):
that's a sound strategy, but it's possible and we'll be
able to do that soon. So really cool stuff from
the Flow team. Now, I don't think their public test
net is open yet. You won't be able to get
to it or try it out, but this is something
to keep an eye on as well. Now, this is
another project via finance. They're always building something really cool,
really unique for the Condona ecosystem, and they have launched

(23:41):
safe swaps. I've talked about this before in previous episodes,
but this is a way for over the counter swaps
to happen on chain so otcs. That's the type of
trade that you do with your friend and you may
be giving them a discounted price on your asset, like
a snap. For example, Let's say you bought it really early,

(24:03):
but you don't exactly want to sell it at market
price and then your friends snap it up. You come
up with a deal and say hey, you can buy
it for half that price, and then I'll take a
bit of a profit and you can get into the
ecosystem too, and you know, we both win. I get
a bit of cash, you get some snack out a
cheaper price, and then you can do something with it.
You can sell it on market, then you gain is whatever.

(24:25):
So that's an OTC trade. But now what the Wi
Fi team have done is they've made this on chain,
so that way you have a third essentially a third
party escro is sitting in between so that you can
do that trade online with smart contracts and not worry
about the other person not paying up not paying that
particular fee that you've requested. So it's a nice way

(24:48):
of going about that. But let's have a look at
the details here. So you can do C and T
to C and T swaps, private or public trades, air drops,
mass distribution, and fee splitting. And it's all built on
Plutus V three. How cool is that?

Speaker 3 (25:03):
Now.

Speaker 1 (25:03):
The other thing that I've also put out is customizable dashboard.
I kind of missed this in their update. You know,
the first thing I read was great, that's amazing, safe
swaps alive. But they've got these other things. They've done
a massive UI overhaul and then also added in customizable dashboards.
I totally miss this. I'm sorry, Steve, I didn't read

(25:25):
the full post. But customizable dashboards are cool. Let me
just play you this clip here and you can actually
see it working in the background, but you'll be able
to go to the deck itself you log in. This
is the general UI screen, so it's got improvements there already.
The portfolio era looks fantastic, but then you can go

(25:46):
through and click on edit that customize that tiny little
button that you'll miss, and then you can start moving
all your widgets and stuff around. You can customize it
to how you think is best. How cool is that?
So you're not relying on some you are UX developer
saying hey, it should be like this. You can drag
in whatever assets you want. You can say I want

(26:06):
to look at these charts and these tokens on my
dashboard every single time. This would have taken a long
time to do to get right that. They have a
phenomenal UX designer developer there to make this all happen.
And yeah, they're pretty slick. They've got some really good

(26:27):
debs there. So if you haven't checked out via Finance
and this brand new feature, I highly recommend you do
links down below in the show notes. Now in the comments, guys,
you've also mentioned that you want to find out what
Amergo are up to, what Cadano Foundation is up to,
so I'll try and post more updates from them as well.
But this is a brand new post and this is

(26:49):
one of the focuses that Amergo has this year, and
they're moving into the realm of real world assets, tokenization
of those assets, whatever it might be. This is a
conversation that had at tokenized this in New York. Let
me just play the clip so you have an idea
of what's actually going on here.

Speaker 4 (27:06):
Hi everyone again, I'm Keisha from Imergo. We are live
at tokenize this New York. We are with for Shant
from Zonix. What's a common misconception about tokenized our wis.

Speaker 2 (27:20):
The common misconception about tokenized rubles is that they think
it's a magic bullet. When you put something on tokenized
on chain an asset, it's going to be sell magically, right.
So tokenization does not make an asset sell magically. If
the underlying asset is garbage, whether it's off chain or

(27:44):
on chain, tokenized, untokenized, instill garbage, no one is going
to buy that asset, right. The product has to be good.
And the other misconception is that like tokenization is kind
of like some catalyzed camp it is not. Tokenization of
real assets have to follow through a very thorough compliance
regulation due diligions based on the jurisdiction of the underlying asset.

Speaker 4 (28:07):
So earlier today you were on a panel talking about liquidity. Now,
is liquidity the missing piece for tokenized RWA adoption or
what is it?

Speaker 2 (28:17):
So I would say, if you take back, right, since
twenty seventeen, we got this as an ideas an experimentation, right,
we started exploring it in the twenty twenty one. It
took us like three years to launch your first offering
on Polygon blockchain, a fifty million dollars real estate portfolio company, right,
And at that time we were thinking, like tokenizing the

(28:37):
asset and the compliance matter is the hardest thing, right,
So we came from that, then regulation, then every phase
of it we're moving. So at this juncture, I would
say the liquidity is a missing piece. The distribution is
a missing piece for the primary token issues. I think
it's a step by step process right now, the primary
distribution is not there for tokenized assets, right, and we

(29:01):
are trying to solve that piece of the puzzle like
many other players.

Speaker 4 (29:06):
So you mentioned Polygon, but let's talk about another blockchain, Cardano.
You've got several initiatives going on with Cardona. Tell us
about what's going on there.

Speaker 3 (29:16):
Yeah, So we are actually a blockchain agnostic and acid diagnostic,
and we are working with multiple blockchains and then Cardano,
so Midnight specifically, right, So we have signed an agreement
with Midnight.

Speaker 2 (29:31):
So we are going to bring real assets and our
infrastructure on Midnight's chain, which is kind of like not
sure if it's Cardon's family or not, but Midnight's other blockchain, right, Like,
that's what chain partnership. And we're going to announce very
soon about the other chain you asked me about.

Speaker 1 (29:47):
All right, So I think that's a good summary of
what the amrgo team are up to at the moment.
It's interesting to hear that a lot of people don't
know or realize that Midnight is a partner chain. It's
a part of the Kadano family ecosystem. I don't know
if that's on purpose or not interesting. Anyway, We'll watch

(30:09):
this space and keep an eye on what's happening there.
But it's good to see that Midnight itself have a
lot of partnerships all in play already, and things are
lining up for projects such as this to jump on
to Midnight and start using. It be interesting to see
how that integrates or if it integrates into the Cadina
side of things. But I guess I should be looking

(30:32):
into Midnight a little bit more now. This is looking
into Decks hunt and what they've been up to. And
check this out. The decks hunted out is up seven
hundred and sixty seven thousand and eight at buybacks since
over the last three hundred and sixty five days. Over
the last year, they'd be buying back all these Hunt tokens.
So you can see here, let me zoom in a
little bit, that didn't really work. Hang on, open new image,

(30:55):
Let me zoom in a little bit. You can see
all of the Hunt tokens that have been per just
on a regular basis here, so you can see each
one of these is a trade. It's a buy, and
it's a buying a little bit of a Hunt token
every single day. It's buying quite a lot of Hunt
token here, one thousand whatever it is, and that is
a continuous buy that they do on a regular basis,

(31:16):
and they've done that over the last year, adding up
to that total of seven hundred and sixty seven thousand eight.
Absolutely saying so if you're part of the Hunt ecosystem,
this is what the team are doing at the moment
to keep and sustain that Hunt price. So they swap
their aida for the fees that they're collecting over to

(31:36):
the Hunt token. Really really cool stuff. Now, another really
big buy in the ecosystem is this whale here that
has been buying into ig over the last seven months,
and yesterday they brought another ninety seven thousand eight worth
of IAG tokens. It's hard to see in this image here,
but I'll try and get the tap tools link so

(31:56):
that you can have a better look at it. But
you can look it up yourself. You can look up
on go to tap tools the io type in this
stake address, and you'll be able to have a look
at this wallet's profile and see what they're actually buying
and how much they're buying. So this is a really
big way of just buying into all these ecosystem projects,
and iERG is definitely one of them.

Speaker 2 (32:15):
Now.

Speaker 1 (32:16):
One of the really cool things with Igon is that
you can actually use their platform right now and use
it as storage. You can use their platform store whatever
you want in there, and I'm using a little bit.
I'm just testing it out, playing around it, but one
of the big things that I'm trying to use it
for is storing website data. So in my last video,

(32:36):
I mentioned that I wanted to replicate and put on
my derep website over to Igon and that way I
could serve it up from there. I've got a little
bit of a problem at the moment. I can't sign
my transaction to actually pay for my subscription. I don't
know if anyone else has this issue, but that's my
problem at the moment. So hopefully I can get the

(32:57):
team to get me some support and get past that.
I thought it might have been my firewalls or something,
but it doesn't seem to be. So I'll work this
one out and hopefully I can do a full video
to tour on how to upload a website to the
IGON infrastructure and get to get yourself sorted there. But
this is what it kind of looks like, and I

(33:18):
would be able to click on these to show you
how it all works. But you'd be able to actually
list and put up a website on a basic plan.
And it's so cheap. I can't believe how cheap it
is compared to something like Dropbox. Drop Box doesn't let
you host websites or anything. You can once you renew,
and all you need to do is pay two dollars

(33:38):
fifty USD and you get a terabyte of space cloud
storage space. That's really cheap, guys, So do check out
Igon if you haven't used them for storage. It's a
really nice option. I do also believe that you get
a bit of a discount if you hold ig tokens.
I'm pretty sure that's the case, and I did have
some ig tokens on this wallet. But check it out guys.

(34:02):
You'll be able to sign up for the subscription and
hopefully I can get a video toatur about hosting websites
on the platform soon too. This is a shout out
for a Kadano explorer see explorer. If you I've been
using this website for a long long time since I
started my statepool. That used to be called Aider Explorer
now it's see Explorer. But they're working on the two
of it, see Explorer two point Oh. I can't wait

(34:24):
for this one to come up because new improved ui
UX's for all of our Explorer websites is kind of important.
Keep your eyes up for that one. New updates coming
out soon now. This one here is a shout out
for Josie. Josie recently joined the Cardano Foundation and I
see her in the Kadano Slack channels and she's working

(34:46):
on a couple of things, and one of the really
cool things that she's working on is helping users be
on boarded to the ecosystem. And she has a community
town hall coming up really soon as well, so this year.
This is the detail here. This is Callous Africa town Hall.
It's coming up this Friday at six pm UTC. You

(35:06):
can check it out. You can find out what Josephine
is up to in regards to helping users on board
to the Caardana space. You may pick up some tips
there and help other people on board onto the ecosystem.
You can register here. This is a link. You can
see it quite clearly there, but if you are wanting
the link directly, I'll put it in the show notes

(35:27):
and you can subscribe to this particular webinar that's coming up.
This one here as a highlight from Cornucopias and check
it out. These are some new updates. This is the dome.
It looks like we can run around the environments now.
For those that don't know, Cornucopius is a Unreal Engine
five game that's being built on the Candana ecosystem. But

(35:49):
this screenshot here shows a preview of the next release.
You'll be able to run around and have your own
I guess, habitat in the environment. So this is some
really cool stuff. They've got the backpacks now and some
jet packs and stuff, but this is really cool what
they're putting into the game so people can enjoy and

(36:10):
gain some assets and stuff and decorate their homes. I guess,
really cool stuff. I do enjoy all these updates from Cornicopis,
and I have to get some more hard drive space
so I can actually download the game again and give
it go. See what their updates are like. This next
one here is from Snack Energy and earlier this year
they released a new flavor of blue citrus, and this

(36:30):
is the old one here. Now I still don't have
any of these. I think will look great behind me
in the shelf back there. I don't want to drink
it necessarily, but be nice to have it in the
background there and have on my shelf so can support
the ecosystem. But I can't get this shipped over to Australia.

(36:51):
So I'm trying to work out away. I don't know
who to talk to, don't know who to contact to
actually make that happen. But you can see in my
profile here. Let me go down downtown, down down, I
try to reach out to people, but not getting much
traction at all. I don't know where I posted it now.
It's down there somewhere.

Speaker 4 (37:10):
There.

Speaker 1 (37:10):
It is there, it is. So I'm asking someone to
send this over from the US. If you know anyone
that actually can do that, I'm willing to pay them
an aida, but to at least a can, even an
empty can send it over to me so I can
put it on the shelf behind me. Be awesome to
have this update here is from gen Wealth and I
did an interview. I can't remember when it was but

(37:33):
I'll put a link down below so you can find
out what gen Wealth are doing. But this is a
reminder that when you pass away, your aida will essentially
be taken to the grave with you if you don't
have some sort of plan to have those funds released
to your significant others. If you don't have some sort

(37:54):
of inheritance plan in place, it's probably a good idea
to think about it at least, but well by creating
an app to manage that. So it's a selfless, self
custody protocol for inheritance. So when you pass away, you
can pass on your seed phrase or whatever it is
to someone else and they'll be able to restore it

(38:15):
and interact with your wallet. So if you haven't done
or thought about that, probably a good time to stop
and think and work out some sort of plan so
that you guys can pass on your wealth.

Speaker 4 (38:27):
Now.

Speaker 1 (38:27):
For me, my strategy with crypto was to buy and
retain a lot of assets and pass them down to
the next generation. So that was my goal. So if
I don't have a plan or a way to actually
pass all that stuff down, then there's a problem. There
isn't there. I'm collecting and earning all these crypto assets
and won't be able to pass them on to the

(38:47):
next generation. So it's something that you really need to
think about for those accidents or unplanned events that could
happen in your life. People don't like to think about it,
but it does happen, so plan ahead, guys. It's kind
of important. If you haven't given gen Wealth I follow
yet or looked into the project, check them out. They've
got a link tree here or all the details are

(39:10):
in the socials. You can find it in the show
notes as well. There's one here I just wanted to
give a shout out for. This is one of the
other meme coins on the Kaddana space. They had some
suspected rug or whatever it is, but some people have
stepped in and taken over the project and this is
the brand new thing that they've got. It's a the

(39:32):
Cocky Wings LLC food truck in South Carolina. I think
it was, yeah, Southern South Carolina. So this is a
brand new food truck that they've put together, all powered
sponsored by or paid for it with the cock token.
So I think it's pretty cool. It's not every day

(39:54):
you see food trucks like this. All part of the
meme coin ecosystem. I think they're just missing a Kadano
logo on here, so I think you need to fix
that guys and put some Cardano stickers all over the place.
But besides that, it's looking good. I like what you're
doing now. We're going to go over into the Kardana

(40:14):
and governance space at the moment, and I thought this
was a really important update. And this was an interview
that Big Pay or Skinny Pay did with the brand
new CEO of Amergo, Philip Pond. And let me just
play this clip for you guys. You know, what do
you think? You know the role of Amergo is, you know,

(40:37):
in the past and moving forward in the ecosystem.

Speaker 5 (40:41):
Yeah, I wanted to give you a heart take, and
you know, I'm really grateful for your time and the
fact that you reached out. So I really wanted to
share something, you know, for the for the first time,
based on community feedback and based on my analysis of
where things are at. I've recommended to the team and
they're in the process of doing it already, of taking
Amergo's genesis Aida out of our de reps and actually

(41:05):
delegate those that amount to other de reps. Frankly, and
not de reps that that support everything that we do.
We're actually going to delegate it across a number of
de reps, some of whom may actually disagree with us,
and we're okay with that.

Speaker 1 (41:21):
How big is that? So Amergo that they were one
of the founding entities of Cadano and they were given
a lot of AIDA to help grow the ecosystem commercially,
and they've been using that AIDA to vote on various
proposals and whatnot within the ecosystem. But they're taking a

(41:41):
community approach now, and this is really really good. They're
taking a community approach to that AIDA. They'll be delegating
it to different de reps all around the space. This
to make this clear, they won't be using their AIDA
to vote for their proposals. Personally, I think that's a
big conflict of interest and I don't think it should

(42:02):
be done by anyone within the space. If you've got
a Treasury Governance action out there and you're requesting millions
of the aider and you're voting for it with your
millions of ADER, I really think that's a big conflict
of interest. So if you ever put in a callous proposal.
If you ever put in a governance action, you shouldn't
be voting on you say, on your own thing, especially

(42:25):
when you have millions and millions of eighter So I
think this is a brilliant move by Amergo to better
manage that delegation and decentralize the governance space within the ecosystem. So,
if you haven't checked out this particular interview yet, I
have show notes about this particular interview, so it's a
breakdown so you can get an idea of what they've

(42:45):
been talking about. It's another long one here, so they
go for an hour talking through everything that's happening around
governance and Amergo itself. So do check out the show
notes if you don't have time, or also just check
out a Big pays video as well about it so
you can get to that YouTube link there or on

(43:06):
a Big pays x profile so you can find all
the links there. Now, moving on to more of the
governance side of things in the ecosystem, this was quite
an interesting alert. The gov Tool's maintenance is ending soon,
so gov tools is the main website that the majority
of the Condona ecosystem is using for voting on governance

(43:27):
proposals and becoming de reps, finding de reps, et cetera,
et cetera. So is the main one that was credit
for the Sancho net era. This is the test net,
and the maintenance for it is going to stop. So
there's a couple of core developers that are working on it.
They're being paid, and once they're not being paid anymore,
they will look for other jobs. So now we have
this big highlighted thing at the top here saying, hey,

(43:51):
you need to probably vote for this. If you haven't,
we need some revenue here so we can actually continue
this website, or we might just not see this and
we're starting to vote on different websites and have a
mishmash of whatever it is. I don't know. I've done
a lot of video tatols about delegating and using that

(44:13):
particular website. I think all of these tutos here at
use guv Tool's website as your delegation side of things.
So if this website doesn't exist, my tutorios will be
useless and you'll need to find other ways of delegating.
You can delegate directly through wallets as well, but a
lot of the wallets are a little bit biased in
regards to how they are focusing where you can delegate

(44:36):
your aida, and as a result, there's a bit of
centralization of that vote to certain wallets, and I really
think it should not be like that. We'll see, we
might change in the future, but it's something to keep
an eye on here. We probably need to fund this website.
It's kind of important now. This one here is a
little bit of a reminder. The applications for the Constitution

(45:00):
Committee are open until May thirty first. Today is the
twenty first of May, so May thirty first is the
final closing date for this. If you want to be
a part of the Constitutional Committee, you can follow this
link here elections dot Constitution dot gov dot tools. From
there you be able to nominate yourself. If you want
to register and be a part of the CC team,

(45:23):
you can. Voting begins on the fifth of June and
ordit to announcements on the first of July. So the
Constitution Committee vote on all these governance actions that come online,
and you essentially say is this constitutional or not? So
you're not exactly voting for or against the proposal the
governance action that is put online, but you're voting to

(45:45):
see if it fits within the Cadano Constitution. So it's
a little bit different there. So if you have the
time and effort and energy for that kind of stuff,
you can jump in and join the team there. Now,
the committee is it's supposed to be a volunteer, non
paid position. I've heard there's possibly compensation, but I wouldn't

(46:09):
be holding out for it. I don't think most people
get paid for this kind of stuff. I know the
Interim Constitution Committee didn't get paid for any of the
stuff that they do, so it's something to think about
if you are going to be a part of the
cc Constitution Committee. This next one here is around the
net changed limits. Now, the net changed limits is the

(46:30):
top limit of how much AIDA can be withdrawn from
the Condona treasury over a certain time period. Now, admittedly
I was thinking, oh, yeah, it's in a year's time,
so we're the current one that is trending is three
hundred and fifty million AIDA for the next year, but
it's not quite the full year. A full year is

(46:54):
sixty nine epochs. That's how many periods are in a year.
How many epochs are in a year. This particular one
here that three point fifty eight to net change limit
is to I think the end of this year, and
if we are starting it in June July, then it's
only half of the mount of Epoch, so it is

(47:15):
a lot of ada for half a year. And then
in January we vote on a new net change limit
and have more budget to withdrawals. So that means we're
spending three hundred and fifty million eight in six months.
M okay, this is another way to visually represent it.
Kadana Yoda here put out this infographic. He does a
lot of really cool infographics for the government side of things,

(47:37):
so you do follow his account. You can vote for
him as a d Rep as well. But let's have
a look here. So this is all of the net
changed limits that we have put into a calendar term.
So here we have first quarter twenty twenty five to
the final quarter twenty twenty five. Now we haven't spent,
we haven't approved any of this stuff yet. The budget's

(48:00):
still going. It's going to go to mid year at least,
so essentially we're going to spend all of that eight
within six months. So yeah, it's it's not quite on track.
Are against the timelines of how a lot of these
proposals are and we have other net change limits here,
we've got the two hundred one, we have the three
hundred and this one that was withdrawn as well, So

(48:24):
we've got all these different net change limits set at
different time periods. So when you're voting for all this stuff,
we do kind of need to keep all that in mind.
And I think a lot of the proposals and budget
proposals that were put online also need to factor that in.
So a lot of them put in budget requests for
a year's worth of engineering employment, so the year end

(48:47):
at the end of Q two and twenty twenty five,
then that would end also at the Q two in
twenty twenty six. So projects have got to factor all
that stuff in against the timelines of the net changed limits.
So if a project asked for one hundred million for
the next twelve months, but of course this net change

(49:08):
limit is only over the next six months, that's really
going to be realistic, then hopefully they're budgeting for that
and not requesting more funds next year at an earlier
date they can say we only need half because we've
already been half paid from the previous year. So I
really hope we do see that kind of stuff come
into play, and that projects are factoring in all those costs,

(49:30):
not saying, hey, we need a year's worth of funding
for the next six months and then a year's worth
from the beginning of the next change limits to continue funding.
I really don't think we're going to see that happening.
But it's something to keep in mind here and probably
would change the way that you vote for these various
net change limits. I did vote yes for this particular

(49:52):
net change limit here at the three to fifty million eight.
I think we need a good starting point and that
was my rationale behind it. And I really thought that
this would be approved a lot sooner, a lot earlier,
but it seems to be dragging on and on and
we may not see this until Q three at least. Anyway,

(50:12):
I'll review this and vote on these other ones soon
as well. So if you are one of my delegates
to my DEREP profile, I'll let you know and I'll
give you a rationale as soon as possible. So what
will happen if this two hundred million net change limit
passes intersect? Have two choices? Now, this isn't this is

(50:33):
important because Intersect have put up a budget proposal for
two hundred and seventy million, two hundred and seventy two
to two hundred and seventy seven. I can't remember the
exact number. Let's say it's two hundred and seventy million eight.
And if this passes, then Intersect's budget proposal won't be
able to find all the projects that made that particular cut.

(50:54):
So this is their choices here. Only include the seven
proposals because of voting order, which would you be fair?
And we can have a look at in the first
picture here, so this here, So these are the first seven.
Here we have Midguard, Fantastic Input Output Research, Cool Input
Output Engineering, so that's that core proposal. We have Block
Frost Platform Community Budget Proposal, Starstream High Red Well Maintenance,

(51:19):
and Palace Cool. Okay, what we miss out here is
Catalyst twenty five proposal, So there will be no project
Catalyst in twenty twenty five and probably leading to twenty
twenty six as well, so all the other ecosystem stuff
will completely be missed out. We also miss out on

(51:39):
some other really key things here, so like a Kadana
summit or major Kadana event, not happening this year if
we go down to a net change limit, So twenty
twenty five will be a very quiet year for the
Cadana ecosystem. We also see all of these other projects
not get any sort of funding, and there's no catalyst,
so they won't be dipping into that either. So I

(52:01):
don't know, will we lose engineers, no idea, will these
projects find finding somewhere else? They might? I don't know
how they're going to fund themselves. But you know, a
lot of this stuff is infrastructure stuff. It's not stuff
that you have a good business case around it. So
they have to build the infrastructure, then build a marketable

(52:22):
product on top of that. So there's multiple levels of
development that they need to do to actually make this
thing happen. So it'll be rather unfortunate that all of
these proposals here don't get any funding. Now, the second
point that Merritt makes skip the Catalyst proposal second picture,
which would be pragmatic if the Catalyst team would have
to voluntary withdraw their proposal. Now let's have a look

(52:45):
at what happened. So if there's no catalyst, so let's
see what happens here. So if they skip catalysts. There's
catalyst is asking for a massive amount of eighty here,
so it's a sixty nine seventy million eight. So if
they get a bit of catalyst for next year, all
of these other projects which are asking for a lot

(53:05):
less would make it through. So they're essentially all of
these top projects here skipping catalysts, and then all these
projects get to go through, So that probably would be
a nicer approach, So then all these infrastructure projects down
here can actually make it in and get funding. Still,

(53:26):
we won't see any catalyst projects, and some of these
smaller ecosystem projects won't get funding, but we will see
the infrastructure stuff lists here get funding and put through.
Interesting it's going to be really interesting to see what
happens here based on what net change limit comes through. Now,
have you delegated to a DRAP If you haven't, you'll

(53:49):
need to because you won't be able to withdraw your
eight awards. They put in a new update several months
ago now, so if you are on your Cadano wallet
trying to withdraw your AIDA rewards, you won't be able
to if you haven't delegated to a de rep or
at least participated in governance by voting, abstain or whatever.

(54:11):
So this here is a nice reminder from aid to
handle and they have made it really easy for de
reps to have a visible and human readable de rep id.
And this here, this is a cool new thing that
I added in. So this is the de rep setup.

(54:33):
So normally you have a long string of characters which
is your de rep id. This is what it looks
like here. This is the latest format version of it,
so you can see it's a long string of characters.
And this isn't something that I'll read out on screen
and so that you guys can copy down and delegate
to me. I'll direct you to a website and where

(54:53):
you can copy and paste it. But what the AID
to Handle team have done is they have made this
so that you can put your handle on there. So
if you have a subhandle such as de rep at pete,
you could use that as your de rep id. So
if you're telling people, oh, yeah, you can delegate to
my derep profile by typing into your wallet de rep

(55:15):
at pete as the handle, then you'll be able to
delegate directly to it that way. So that's something human friendly.
It's readable and anyone can be type that in and
start delegating as well. So that's a really nice way,
really nice feature from the aidle handle teams to kind
of make that process a lot easier for users. So

(55:36):
if you haven't delegated to de rep please do. You
can get to my derep profile at derep dot learn
kadano dot io. All the details about my derep profile
and voting strategy and everything is on there, and I'll
put more and more details up, but you can simply
connect your wallet, whatever wallet is, click on delegate and
a where you go. So awesome, awesome way of delegating.

(56:00):
And I will put my aid to handle here as well.
So once I get one generated and created, I'll put
my de rep aid to handle id up here so
that you care you guys can delegate that way. All right, guys,
that's all I have for this particular update. Don't forget
to hit that thumbs up like subscribe on your way out.
And if you're heading to that Pizza dal event anywhere

(56:22):
in the world, have fun. I will be at the
Brisbane one later this week, so if you are there,
make sure you reach out say hi. I love to
meet members. In the community as well, and of course
there'll be lots of pizza, so let's enjoy the night,
all right, guys. I'll see in the next update.