June 18, 2025 • 23 mins
Cardano DeFi is heating up this winter with a flurry of activity across lending, perpetuals, stablecoins, and community engagement.
Strike Finance has now opened liquidity provisioning for users, allowing ADA holders to deposit funds that fuel leverage trading on the platform. This significantly boosts available liquidity and increases max position sizes. Liquidity providers and $STRIKE stakers benefit from trading fees, with usage metrics already trending upward.
Flow, a new perpetual lending platform on Cardano, is currently holding a token sale. With 5 million ADA raised in just one day, community demand is clear. The platform promises loans without maturity dates and will enable users to use the $FLOW token for staking, governance, and pool creation. The token sale is pro-rata and fully decentralised, with a 68% public allocation.
A major proposal is also making waves—allocating $100 million USD worth of ADA from the Cardano Treasury into stablecoins, Bitcoin, and other assets to create a sovereign wealth fund. Advocates see this as a critical move to inject liquidity and kickstart Cardano DeFi. Concerns remain around sell pressure and execution, but overall sentiment seems to favour the plan as a needed catalyst.
USDM's Jillian provided valuable insight into how yield works in fiat-backed stablecoins, explaining how platforms like Coinbase offer interest through profit-sharing agreements, while issuers like Moneta Digital (behind USDM) are legally prohibited from doing the same directly. USDM needs to reach 150–200 million AUM to begin yielding returns via DeFi partners like Minswap or Liquid.
On the lighter side, SNEK.FUN continues to innovate with new community tools including live wallet-linked chat during token sales. They’re also launching 1,111 unique figurines, each signed by the artists who brought them to life—blending digital culture with physical collectables.
Finally, Peter announces a limited-edition CardanoPress Wapuu pin giveaway for anyone with a live CardanoPress-powered site. Only 25 will be made, a nod to both the WordPress and Cardano communities.
Strike Finance has now opened liquidity provisioning for users, allowing ADA holders to deposit funds that fuel leverage trading on the platform. This significantly boosts available liquidity and increases max position sizes. Liquidity providers and $STRIKE stakers benefit from trading fees, with usage metrics already trending upward.
Flow, a new perpetual lending platform on Cardano, is currently holding a token sale. With 5 million ADA raised in just one day, community demand is clear. The platform promises loans without maturity dates and will enable users to use the $FLOW token for staking, governance, and pool creation. The token sale is pro-rata and fully decentralised, with a 68% public allocation.
A major proposal is also making waves—allocating $100 million USD worth of ADA from the Cardano Treasury into stablecoins, Bitcoin, and other assets to create a sovereign wealth fund. Advocates see this as a critical move to inject liquidity and kickstart Cardano DeFi. Concerns remain around sell pressure and execution, but overall sentiment seems to favour the plan as a needed catalyst.
USDM's Jillian provided valuable insight into how yield works in fiat-backed stablecoins, explaining how platforms like Coinbase offer interest through profit-sharing agreements, while issuers like Moneta Digital (behind USDM) are legally prohibited from doing the same directly. USDM needs to reach 150–200 million AUM to begin yielding returns via DeFi partners like Minswap or Liquid.
On the lighter side, SNEK.FUN continues to innovate with new community tools including live wallet-linked chat during token sales. They’re also launching 1,111 unique figurines, each signed by the artists who brought them to life—blending digital culture with physical collectables.
Finally, Peter announces a limited-edition CardanoPress Wapuu pin giveaway for anyone with a live CardanoPress-powered site. Only 25 will be made, a nod to both the WordPress and Cardano communities.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Condana DeFi is a live and thriving This is really
exciting stuff. We have a flow with their token sale
at the moment and they've managed to raise over five million.
We also have strike Finance opening up user deposits for liquidity.
This brings in a lot more liquidity to the platform.
Is doing phenomenally well at the moment. We're going to
go into the details around that and a whole lot
(00:22):
more news in the Kadana ecosystem. Let's get to it everyone.
I'm Peter. If you enjoy Condonald related news and updates,
make sure that thumbs up like subscribe notification bell I'll
keep you update with everything that's happening in space. Let's
get into this person news story here. So the first
news item here is around strike Finance finally enabling user
liquidity onto the platform. So this was coming for a
(00:44):
couple of weeks, so I'm assuming they had to iron
out a couple of bugs and streamline the user experience
here to make it really easy for users to do.
And we can see on DeFi Lama some of the
details that are coming through now. There was a little
bit of in accurate data coming through to Difi LAMA,
so I don't know if that has been fixed yet.
(01:05):
But the green chart part of the chart here shows
you the amount of TVL that's going through the platform.
This is in USD, so I might switch that over
to AIDA so you can see how much aider is
actually going into the platform. And we also have the
purpose volume that's going through the platform too, so you
can see here it's been a really good path of
(01:27):
growth over the last month or so as the platform's
being adopted and more users are coming onto the platform itself.
Now you can see on the strike Finance DAP that
under liquidity now you can put in connect your wallet
and put in the amount of liquidity you want to
deposit within the platform. Now this opens up the ability
(01:48):
for other people to use that liquidity within the perpetual
side of things. And here you can also see the
max position size has grown quite substantially to fifty thousand
for one position, and the amount of liquidity on the
platform is a lot higher now too. So there was
a lot of complaints that there wasn't enough liquidity and
(02:09):
the max position sizes were very small. When I was
first using this, I think the max position size was
three hundred USD, so very very small compared to what
it is now. And as more and more liquidity comes
into the platform, these position sizes and the limits will
be increased as well, so it will allow users to
come in and put in large longs and large shorts
(02:31):
onto the platform. But of course that's going to open
up a lot more risk as well, and that's a
good thing for the liquidity providers and the stake the
token the Strike Finance stakers as well, because they get
all of the liquidity fees are through the platform. So
this is a really interesting and it's been a fun
(02:53):
platform to play around with. So I really like what
the strike Finance team have done, and you know, big
congratulations for getting this part of the user experience and
liquidity provisioning open to the public. Now, if you want
to learn how to use a platform, I've got a
course here all about strike Finance. You can get to
it at the Learncadano dot io website. It's all free
(03:16):
or it's just a bit of information here really to
educate yourselves on how perpetuals and futures work. I will
now have to update it with the liquidity provisioning and
how that works and I'll talk about the risk and
rewards from using the platform as well, so you can
get to it. Put links down blow for you guys.
But awesome work from the Strike Finance team. It's been
(03:36):
awesome watching your journey of the last month. Now, another
project that we are keeping our eyes on is Flow.
So Flow is a borrowing lending protocol that has no
end date. That is perpetual loans. So very similar to
the idea of Strike Finance, where you can go along
and create a long or short and have no time
(03:56):
limit on that. Now, perpetual loans are really appealing because
it doesn't have that time limit. Now they're going through
a token sale at the moment. I'll go through the
details in one sect. But they've already raised a five
million eight in one day. So there is a massive
amount of demand in the Kadano community for good and
(04:17):
exciting defive protocols, ones that make sense, ones are easy
to use, and it looks like Flow has captured the
market here with what they're doing. So this is really exciting.
So definitely Kadano DeFi summer heating up. Indeed, Now, if
you want to have a look at the Flow token sale,
there are some details here. I'll put links down below.
(04:38):
We've got thirty two hours left to go. It's a
pro rata sale as well, so that is everyone can
participate in at the moment. So the more and more
ATA that comes in, there's going to be a certain
percentage that is refunded back. So if I put in
one hundred and eight six point zero three of that
will be refunded back. And the average token sale price
(04:59):
at the moment is zero point two seven to six,
So you can see how much aid has come through
the platform at the moment and where they're at. So
very exciting stuff. Now, if we go down a little
bit further here we can see how to actually contribute.
It can simply connect your wallet whatever it might be,
and to the amount of ADA that you want to
deposit or contribute within this token cell. It will write
(05:21):
the transaction for you and then it will send it
to the cell wallet. There are some more details for
a manual transfer as well. You can send it directly
to this wallet address or scanned the QR code if
you using Mold Black app and send the AIDA that way.
So fairly easy to participate in this particular cell. There's
no KYC or anything like that. This is a fully
decentralized tokensal. Now there are some more details and basically
(05:46):
a cheat sheet that goes through the details of this
one here. So let me just go through this for
anyone that is interested. And I'd just like to remind
people that this isn't an endorsement of the project. I'm
not affiliated with it in any way. I just think
it's another really cool defive protocol that's opening up and
if you're interested to your own research behind this one.
(06:06):
So this is what the token allocation looks like. Here,
let me zoom in so you guys can get a
better look. See at this the public sale here at
sixty eight percent. The team advises fifteen percent, liquidity for
the platform two percent and the dow five percent there,
so it seems like good good token distribution, especially with
the amount that is going to the public. Okay, we
(06:28):
can see the token sell details here. Twenty five million
total supply max price of zero point to seven six
seventeen million allocated for this particular sale. That is the
public allocation there, max market cap five point five million eight,
max raise four point seven eight. Token utility staking within
(06:49):
the platform governance that's pretty common thing. Collateral use Flow
as collateral and have access to a high liquidity buffer.
And also pull creation, so to create a new pull
lending market by paying one time fee in Flow token.
So if you want to use the platform, it's definitely
a token that you will need to use to be
(07:10):
able to unlock some of these things. Key features like
I mentioned a little bit earlier, lending pools, no maturity dates,
that's the perpetual side of things, world class desktop mobile support.
We will see what that all looks like. I haven't
seen the platform in action just yet myself. And to
add collateral to positions cool, very good. So if you
want to find out more about Flow, I will put
(07:33):
links to all of this down below in the show notes.
Like I said, this is an endorsement of the project,
I'm just doing my own research at the moment as well,
So I highly encourage that you do your own research
and find out a little bit more about the team,
the project and everything they have to offer. Now on
a broader, bigger ecosystem side of things, this has been
a bit of a debate since last week. I was
(07:53):
away last week. I've got a lot of day job
side of things. I was out of conference on the
weekend as well, but there was a lot of talk
about one hundred million dollars worth of assets from the
Cardana treasury being used to mint stable coins and build
up a reserve, a sovereign wealth fund reserve in other
(08:17):
assets in stables bitcoin, and I think that was it.
And the community is a little bit split about this,
and I think a lot of people are pretty excited
about it because it would inject a huge amount of
liquidity into Candana's DeFi ecosystem and get things moving. I
for one and all for it, but I do want
(08:39):
to see a distribution of that liquidity across multiple different
stable coins. Cardano has quite a few really good ones
at the moments with good backing. We've got USDM, we
have USDA, we have the synthetics such as IUSD, and
also the overcloudorize algorithmic JED, which has been around for
(09:03):
a long time and has always maintained it's PEG. So
we've got a lot of options here to use, and
I want to see a good distribution around that.
Speaker 2 (09:12):
Now.
Speaker 1 (09:12):
I don't know what a good distribution is, but it
is definitely something that we need to move forward now.
Linda here writes, this is what I believe Cordona needs.
If we don't act, we don't move forward. I really
kind of agree with that. But let's get the details
for this right now. I don't know what the details are,
but we will find out at rare Evo coming up
(09:33):
this month or is it next month? Not sure when
the date exactly is, but it's coming up very soon
and I've seen a lot of tweets about rare Evo
coming up as well, so really excited about that event. Unfortunately,
it won't be attending. It's a little bit hard to
get to the United States these days. But we'll see
what this proposal has now. There was another proposal from
(09:54):
an elder millennial that was submitted to the Candinah Treasury
withdrawal process, but it had invalid metadata so it didn't
appear correctly. But I do believe that proposal would have
a lot more support now because of the talk about
this now. That was a very similar proposal, but was
to use one hundred million AIA, not one hundred million
(10:18):
USD worth of Aida, just one hundred million ADA to
mint into the various stable coins, but then also mint
at various periods throughout a year so that there isn't
that massive cell pressure of AIDA into stables. So it's
a nice and interesting way of going about it to
try and drive up that liquidity into the ecosystem. This
(10:39):
here what Charles has been talking about. I think it
might be more of a big injection of very fast
injection into the ecosystem. I think there will be a
lot of cell pressure. One hundred million into selling AIDA
in one go or in multiple goals, multiple lots would
definitely cause some cell pressure. I don't know how much
cell pressure would actual move the needle. I know there's
(11:01):
a lot of AIDA being moved on a daily basis,
so I don't know if it would have a massive
amount of impact, but it definitely will move the needle.
Let me know what you guys think about this particular proposal,
this idea of creating a wealth fund for the Condona
ecosystem and diversifying AIDA to different tokens. I know in
(11:21):
my comments before, I've seen people write if you believe
in Ada, it should stay in Ada. But it's such
a volatile asset and other players are manipulating in the
background as well. You know, Bitcoin drops because of something
and you can see all the other assets drop as well,
or another war breaks out. Heaven forbid another war breaks
(11:44):
out and all of crypto, all the crypto assets just drop.
And if we had something in stables right now, we
might be doing a little bit better. So let's think
about this, guys. Let's see what we can do to
drive up the DeFi ecosystem and have more USD in
the ecosystem. Now, this here is an interesting video from Jillian.
I haven't watched it all yet, but this talks about
(12:05):
yield and how FIAT back stab coins generate yield. So
this is really interesting because Charles did talk about this
in various tweets and videos that having this wealth fund
could generate extra yield for the ecosystem. So this will
be yield as in the returns from treasury bills. So
(12:27):
let me just play this video here from Jillian.
Speaker 2 (12:29):
Hey, let's talk about stable cooin yield. The first thing
I want to point out is that all of the
regulations in the EU, in Japan, and in the US,
they prohibit stable coin issuers from offering the yield that
they receive as yield to the stable cooin holders from
the AUF. That's prohibited. So you might be wondering how
(12:49):
you're getting yield on your USDC, then when it's sitting
in Coinbase. That's the structure I'd like to explain. So
YOURCC is a product and it is issued by Circle
Internet Financial that's the company behind it. That is the
company that is prohibited from giving you any yield. What
Coinbase is doing is they have a share agreement in place,
(13:12):
a revenue share agreement in place with Circle to get
a percentage of their profits and then they use that
and they add to it with money that they get
from fees and whatnot to provide you a yield. That's
how that works. So Coinbase is issuing the yield. The
(13:32):
platform is allowed to issue yield to you. Circle is
not in the same way on Cardano Monetta Digital LLC
is the company that issues USDM. So we cannot share
any of our yield with anyone. What we can do
is we can make similar share agreements with all of
(13:54):
our partners, any of our partners that would like to
do so, whether it's a lending protocol, whether it's a
des et cetera, et cetera, so that we can have
a similar relationship where we share a portion of our
profits with them, and they would probably supplement to make
their offer the most attractive to offer you yield. That's
(14:17):
how that would work. You can already get yield in
some places, you know, through I think Sunday mint Swap
Liquid These are places where you can get yield of
some sort by putting your tokens in pairs or lending
them on the protocol. But for right now, we are
(14:38):
not able to enter into any of those agreements simply
because there is not enough in the reserve yet to
turn a profit at all. We won't be there until
one hundred and fifty two hundred million assets under management
most likely, and that is dependent on you guys to
(14:58):
go out and mint or vote with your with your
eader and make that decision to support the stable coin liquidity.
Speaker 1 (15:09):
Thanks, okay, there we have it. So that's how we
can eventually earn yield. So it's not directly from minting
USDM on the platform and having a relationship with them.
It's through other partners that they will work with, such
as mint Swap, Sunday Liquid Finance, any other borrowing lending
(15:31):
protocol out there. So it's all up to us really
in the ecosystem to drive that usage and minting of
USDM or USDA or whatever other platform out there. So
Gillian said they need at least two hundred million under
management to be able to start generating profit from the
(15:53):
yield that they earn. Right, So we've got a long
way to go. We have a very long way to
go to all this talk about creating some sort of
well fund of one hundred million in assets in stable
coins and other assets and other bitcoin to try and
drive that up. Now, if that really is the catalyst
(16:18):
for everything, it could attract a lot of people to
the ecosystem. And you know, people do like USDC because
they can mint it, get it on coinbase and earn
that yield and you know, just earn that interest doing nothing.
And that's the same type of experience that people want
within the Kadana ecosystem. You mint the stable coin USDM,
(16:43):
you go to a defied protocol and you participate in
DeFi there and you just earn the interest. It's the
simplest thing to do. So I'm a big advocate for this,
and I think it's a really good thing. It's a
lot of I know, I know a lot of people
don't like the huge amount of treasure funds that would
be used. But where else is this money going to
(17:05):
come from. We're not engaged with massive vcs are interested.
We don't have big deep pockets in the Kadana ecosystem
either with people just with hundreds of millions of dollars
just lying around to do this, so have to come
from the community, will have to come from the treasury
to initiate this and attract more people and more potential
(17:27):
vcs into the ecosystem. When they see that there is
a large amount of liquidity coming in and people are
trusting it, it can attract other people to do the same.
So I really do think this is a good initial
kickstart for our ecosystem, and I really think now's the
time to do it before the larger macro economics start
(17:52):
to heal and kick in. So it's a personally, I
think it's a really good time. So awesome video there, Jilling,
and thank you so much for putting that out there.
And we'll keep an eye out on what happens around
this particular proposal to bring in this wealth fund for Kadano.
But I really think just minting more stable coins in
(18:12):
the ecosystem is going to be a big boost. Overall,
DeFi is a thing, and you know, if we can
start having more of this and more more strike and
more flow coming on board, you know we're going to
see some really exciting stuff. Now, this is on the
more of the dj in side of things, and snack
dot Fun is innovating. They're always bring some new things
(18:35):
to the table, and they are essentially the Pump dot
Fund of Kadano, but with a lot of guardrails in there,
so they didn't want to go full dgen, so they've
got some protection measures in there so you can't like
a front run the ecosystem or anything like that. So
it's a little bit nicer for the users on the platform.
But they're putting in live chats onto there now. So
(18:59):
if you connect wallet, that is essentially an identity and
you'd be able to use the platform and chat with
people that are participating in a token cell. So it's
all people. It's all people engaging with project, engaging with
each other, trying to you know, cheer each other on,
you know, beat each other with how many tokens they
(19:20):
can possibly buy on a particular token launch. So it's
a community kind of thing. And having a chat within
the tokensale platform. I think is a really cool idea.
Hopefully it doesn't go to DJN like pump dot fund
did with the videos and some of the insane stuff
I saw on there that was ridiculous. I put a
link to the video about it top right hand corner
(19:43):
there links down below the extremes that pump dot fund
went to to gain traction, but it worked. Maybe just
a chat initiation here will work as well. But this
is really cool stuff, guys. Awesome work from the snack
dot fund team. Now continue on with snack. This is
the neck figurines I got to give. I really do
(20:05):
have to give these guys a shout out. I just
love the project overall. But these are like the figurines
that they're pumping out. They're going to create one thy,
one hundred and eleven of these. There's eight different possibilities.
It's going to be quite cool because it's a here
we go. Let me just read what you get in
this snack figurine thing. It's more than just packaging. It's
part of the experience and here's something special. Every box
(20:27):
carries the signature of the artists involved. Two D and
three D designer's motion ars, VFX graphics, and physical painters.
A tribute to every single hand your snack figurine passed
through before reaching you. It's not mass production. This is
personal so that it's really cool stuff. Guys. I can't
wait to get mine. I did participate in this one. Again,
(20:49):
this is an endorsement of the project. I just like
like this kind of stuff. I really do. Now, the
last thing here I'll talk about is this inspired me
and I thought i'd want to give away something for
my own community of Kadano press users and wapoo holders. Now,
I went to a word press conference on the weekend
(21:12):
and I got one of these pins. I don't know
if you can see it there. It's my camera doesn't
auto focus, but it's one of these pins. It's a
Wapoo pin. And at these conferences people trying and collect them.
They go to all these word print word press conferences
to collect those pins. They're pretty rare. And I mocked
one up in chat GTP. And this is based off
(21:33):
a wapoo, the original wapoo here, this one here, And
I wanted to give this away to anyone that is
or has created a Kardano Press powered website and has
it up and running. So there are still a lot
of people in the ecosystem that have it up and running.
Here Off the Bone has one up and running. They're
(21:53):
using on their platform to meet their NFTs. So if
you do have one running, please let me know. I'll
put a link to this post, put a comic down below,
and show me your Condindi Press website I want to create.
I'm just going to do a small batch. I'm going
to do twenty five of these and send them out
to anyone that has created a Condina Press powered website,
(22:16):
and for any of the leftovers, I'll sell online for
a minimal price. Just to say thank you to everyone
out there. So if you are a fan of webpress,
if you have built something of Condina Press, if you
love wapoos in general, let me know in the comics
down below. And before we sign off, just a big
thank you to all the channel members here. You guys
(22:36):
absolutely rock. You keep my coffee addiction going helping support
buying me a coffee on a monthly regular basis, So
thank you so much for all the support there, and
if anyone else there is interested in supporting me on
a regular basis. You can find the links down below
in the show notes. There you can become a channel
member and help me create all of this content in
(22:58):
the Cadana ecosystem. So thank you so much if you
decide to do that, But if you don't, that's okay.
Just hit that thumbs up like subscribe on the way
out and I'll keep you guys up to date with
everything's happening in this space. All right, I'll see in
the next video.
Condana DeFi is a live and thriving This is really
exciting stuff. We have a flow with their token sale
at the moment and they've managed to raise over five million.
We also have strike Finance opening up user deposits for liquidity.
This brings in a lot more liquidity to the platform.
Is doing phenomenally well at the moment. We're going to
go into the details around that and a whole lot
(00:22):
more news in the Kadana ecosystem. Let's get to it everyone.
I'm Peter. If you enjoy Condonald related news and updates,
make sure that thumbs up like subscribe notification bell I'll
keep you update with everything that's happening in space. Let's
get into this person news story here. So the first
news item here is around strike Finance finally enabling user
liquidity onto the platform. So this was coming for a
(00:44):
couple of weeks, so I'm assuming they had to iron
out a couple of bugs and streamline the user experience
here to make it really easy for users to do.
And we can see on DeFi Lama some of the
details that are coming through now. There was a little
bit of in accurate data coming through to Difi LAMA,
so I don't know if that has been fixed yet.
(01:05):
But the green chart part of the chart here shows
you the amount of TVL that's going through the platform.
This is in USD, so I might switch that over
to AIDA so you can see how much aider is
actually going into the platform. And we also have the
purpose volume that's going through the platform too, so you
can see here it's been a really good path of
(01:27):
growth over the last month or so as the platform's
being adopted and more users are coming onto the platform itself.
Now you can see on the strike Finance DAP that
under liquidity now you can put in connect your wallet
and put in the amount of liquidity you want to
deposit within the platform. Now this opens up the ability
(01:48):
for other people to use that liquidity within the perpetual
side of things. And here you can also see the
max position size has grown quite substantially to fifty thousand
for one position, and the amount of liquidity on the
platform is a lot higher now too. So there was
a lot of complaints that there wasn't enough liquidity and
(02:09):
the max position sizes were very small. When I was
first using this, I think the max position size was
three hundred USD, so very very small compared to what
it is now. And as more and more liquidity comes
into the platform, these position sizes and the limits will
be increased as well, so it will allow users to
come in and put in large longs and large shorts
(02:31):
onto the platform. But of course that's going to open
up a lot more risk as well, and that's a
good thing for the liquidity providers and the stake the
token the Strike Finance stakers as well, because they get
all of the liquidity fees are through the platform. So
this is a really interesting and it's been a fun
(02:53):
platform to play around with. So I really like what
the strike Finance team have done, and you know, big
congratulations for getting this part of the user experience and
liquidity provisioning open to the public. Now, if you want
to learn how to use a platform, I've got a
course here all about strike Finance. You can get to
it at the Learncadano dot io website. It's all free
(03:16):
or it's just a bit of information here really to
educate yourselves on how perpetuals and futures work. I will
now have to update it with the liquidity provisioning and
how that works and I'll talk about the risk and
rewards from using the platform as well, so you can
get to it. Put links down blow for you guys.
But awesome work from the Strike Finance team. It's been
(03:36):
awesome watching your journey of the last month. Now, another
project that we are keeping our eyes on is Flow.
So Flow is a borrowing lending protocol that has no
end date. That is perpetual loans. So very similar to
the idea of Strike Finance, where you can go along
and create a long or short and have no time
(03:56):
limit on that. Now, perpetual loans are really appealing because
it doesn't have that time limit. Now they're going through
a token sale at the moment. I'll go through the
details in one sect. But they've already raised a five
million eight in one day. So there is a massive
amount of demand in the Kadano community for good and
(04:17):
exciting defive protocols, ones that make sense, ones are easy
to use, and it looks like Flow has captured the
market here with what they're doing. So this is really exciting.
So definitely Kadano DeFi summer heating up. Indeed, Now, if
you want to have a look at the Flow token sale,
there are some details here. I'll put links down below.
(04:38):
We've got thirty two hours left to go. It's a
pro rata sale as well, so that is everyone can
participate in at the moment. So the more and more
ATA that comes in, there's going to be a certain
percentage that is refunded back. So if I put in
one hundred and eight six point zero three of that
will be refunded back. And the average token sale price
(04:59):
at the moment is zero point two seven to six,
So you can see how much aid has come through
the platform at the moment and where they're at. So
very exciting stuff. Now, if we go down a little
bit further here we can see how to actually contribute.
It can simply connect your wallet whatever it might be,
and to the amount of ADA that you want to
deposit or contribute within this token cell. It will write
(05:21):
the transaction for you and then it will send it
to the cell wallet. There are some more details for
a manual transfer as well. You can send it directly
to this wallet address or scanned the QR code if
you using Mold Black app and send the AIDA that way.
So fairly easy to participate in this particular cell. There's
no KYC or anything like that. This is a fully
decentralized tokensal. Now there are some more details and basically
(05:46):
a cheat sheet that goes through the details of this
one here. So let me just go through this for
anyone that is interested. And I'd just like to remind
people that this isn't an endorsement of the project. I'm
not affiliated with it in any way. I just think
it's another really cool defive protocol that's opening up and
if you're interested to your own research behind this one.
(06:06):
So this is what the token allocation looks like. Here,
let me zoom in so you guys can get a
better look. See at this the public sale here at
sixty eight percent. The team advises fifteen percent, liquidity for
the platform two percent and the dow five percent there,
so it seems like good good token distribution, especially with
the amount that is going to the public. Okay, we
(06:28):
can see the token sell details here. Twenty five million
total supply max price of zero point to seven six
seventeen million allocated for this particular sale. That is the
public allocation there, max market cap five point five million eight,
max raise four point seven eight. Token utility staking within
(06:49):
the platform governance that's pretty common thing. Collateral use Flow
as collateral and have access to a high liquidity buffer.
And also pull creation, so to create a new pull
lending market by paying one time fee in Flow token.
So if you want to use the platform, it's definitely
a token that you will need to use to be
(07:10):
able to unlock some of these things. Key features like
I mentioned a little bit earlier, lending pools, no maturity dates,
that's the perpetual side of things, world class desktop mobile support.
We will see what that all looks like. I haven't
seen the platform in action just yet myself. And to
add collateral to positions cool, very good. So if you
want to find out more about Flow, I will put
(07:33):
links to all of this down below in the show notes.
Like I said, this is an endorsement of the project,
I'm just doing my own research at the moment as well,
So I highly encourage that you do your own research
and find out a little bit more about the team,
the project and everything they have to offer. Now on
a broader, bigger ecosystem side of things, this has been
a bit of a debate since last week. I was
(07:53):
away last week. I've got a lot of day job
side of things. I was out of conference on the
weekend as well, but there was a lot of talk
about one hundred million dollars worth of assets from the
Cardana treasury being used to mint stable coins and build
up a reserve, a sovereign wealth fund reserve in other
(08:17):
assets in stables bitcoin, and I think that was it.
And the community is a little bit split about this,
and I think a lot of people are pretty excited
about it because it would inject a huge amount of
liquidity into Candana's DeFi ecosystem and get things moving. I
for one and all for it, but I do want
(08:39):
to see a distribution of that liquidity across multiple different
stable coins. Cardano has quite a few really good ones
at the moments with good backing. We've got USDM, we
have USDA, we have the synthetics such as IUSD, and
also the overcloudorize algorithmic JED, which has been around for
(09:03):
a long time and has always maintained it's PEG. So
we've got a lot of options here to use, and
I want to see a good distribution around that.
Speaker 2 (09:12):
Now.
Speaker 1 (09:12):
I don't know what a good distribution is, but it
is definitely something that we need to move forward now.
Linda here writes, this is what I believe Cordona needs.
If we don't act, we don't move forward. I really
kind of agree with that. But let's get the details
for this right now. I don't know what the details are,
but we will find out at rare Evo coming up
(09:33):
this month or is it next month? Not sure when
the date exactly is, but it's coming up very soon
and I've seen a lot of tweets about rare Evo
coming up as well, so really excited about that event. Unfortunately,
it won't be attending. It's a little bit hard to
get to the United States these days. But we'll see
what this proposal has now. There was another proposal from
(09:54):
an elder millennial that was submitted to the Candinah Treasury
withdrawal process, but it had invalid metadata so it didn't
appear correctly. But I do believe that proposal would have
a lot more support now because of the talk about
this now. That was a very similar proposal, but was
to use one hundred million AIA, not one hundred million
(10:18):
USD worth of Aida, just one hundred million ADA to
mint into the various stable coins, but then also mint
at various periods throughout a year so that there isn't
that massive cell pressure of AIDA into stables. So it's
a nice and interesting way of going about it to
try and drive up that liquidity into the ecosystem. This
(10:39):
here what Charles has been talking about. I think it
might be more of a big injection of very fast
injection into the ecosystem. I think there will be a
lot of cell pressure. One hundred million into selling AIDA
in one go or in multiple goals, multiple lots would
definitely cause some cell pressure. I don't know how much
cell pressure would actual move the needle. I know there's
(11:01):
a lot of AIDA being moved on a daily basis,
so I don't know if it would have a massive
amount of impact, but it definitely will move the needle.
Let me know what you guys think about this particular proposal,
this idea of creating a wealth fund for the Condona
ecosystem and diversifying AIDA to different tokens. I know in
(11:21):
my comments before, I've seen people write if you believe
in Ada, it should stay in Ada. But it's such
a volatile asset and other players are manipulating in the
background as well. You know, Bitcoin drops because of something
and you can see all the other assets drop as well,
or another war breaks out. Heaven forbid another war breaks
(11:44):
out and all of crypto, all the crypto assets just drop.
And if we had something in stables right now, we
might be doing a little bit better. So let's think
about this, guys. Let's see what we can do to
drive up the DeFi ecosystem and have more USD in
the ecosystem. Now, this here is an interesting video from Jillian.
I haven't watched it all yet, but this talks about
(12:05):
yield and how FIAT back stab coins generate yield. So
this is really interesting because Charles did talk about this
in various tweets and videos that having this wealth fund
could generate extra yield for the ecosystem. So this will
be yield as in the returns from treasury bills. So
(12:27):
let me just play this video here from Jillian.
Speaker 2 (12:29):
Hey, let's talk about stable cooin yield. The first thing
I want to point out is that all of the
regulations in the EU, in Japan, and in the US,
they prohibit stable coin issuers from offering the yield that
they receive as yield to the stable cooin holders from
the AUF. That's prohibited. So you might be wondering how
(12:49):
you're getting yield on your USDC, then when it's sitting
in Coinbase. That's the structure I'd like to explain. So
YOURCC is a product and it is issued by Circle
Internet Financial that's the company behind it. That is the
company that is prohibited from giving you any yield. What
Coinbase is doing is they have a share agreement in place,
(13:12):
a revenue share agreement in place with Circle to get
a percentage of their profits and then they use that
and they add to it with money that they get
from fees and whatnot to provide you a yield. That's
how that works. So Coinbase is issuing the yield. The
(13:32):
platform is allowed to issue yield to you. Circle is
not in the same way on Cardano Monetta Digital LLC
is the company that issues USDM. So we cannot share
any of our yield with anyone. What we can do
is we can make similar share agreements with all of
(13:54):
our partners, any of our partners that would like to
do so, whether it's a lending protocol, whether it's a
des et cetera, et cetera, so that we can have
a similar relationship where we share a portion of our
profits with them, and they would probably supplement to make
their offer the most attractive to offer you yield. That's
(14:17):
how that would work. You can already get yield in
some places, you know, through I think Sunday mint Swap
Liquid These are places where you can get yield of
some sort by putting your tokens in pairs or lending
them on the protocol. But for right now, we are
(14:38):
not able to enter into any of those agreements simply
because there is not enough in the reserve yet to
turn a profit at all. We won't be there until
one hundred and fifty two hundred million assets under management
most likely, and that is dependent on you guys to
(14:58):
go out and mint or vote with your with your
eader and make that decision to support the stable coin liquidity.
Speaker 1 (15:09):
Thanks, okay, there we have it. So that's how we
can eventually earn yield. So it's not directly from minting
USDM on the platform and having a relationship with them.
It's through other partners that they will work with, such
as mint Swap, Sunday Liquid Finance, any other borrowing lending
(15:31):
protocol out there. So it's all up to us really
in the ecosystem to drive that usage and minting of
USDM or USDA or whatever other platform out there. So
Gillian said they need at least two hundred million under
management to be able to start generating profit from the
(15:53):
yield that they earn. Right, So we've got a long
way to go. We have a very long way to
go to all this talk about creating some sort of
well fund of one hundred million in assets in stable
coins and other assets and other bitcoin to try and
drive that up. Now, if that really is the catalyst
(16:18):
for everything, it could attract a lot of people to
the ecosystem. And you know, people do like USDC because
they can mint it, get it on coinbase and earn
that yield and you know, just earn that interest doing nothing.
And that's the same type of experience that people want
within the Kadana ecosystem. You mint the stable coin USDM,
(16:43):
you go to a defied protocol and you participate in
DeFi there and you just earn the interest. It's the
simplest thing to do. So I'm a big advocate for this,
and I think it's a really good thing. It's a
lot of I know, I know a lot of people
don't like the huge amount of treasure funds that would
be used. But where else is this money going to
(17:05):
come from. We're not engaged with massive vcs are interested.
We don't have big deep pockets in the Kadana ecosystem
either with people just with hundreds of millions of dollars
just lying around to do this, so have to come
from the community, will have to come from the treasury
to initiate this and attract more people and more potential
(17:27):
vcs into the ecosystem. When they see that there is
a large amount of liquidity coming in and people are
trusting it, it can attract other people to do the same.
So I really do think this is a good initial
kickstart for our ecosystem, and I really think now's the
time to do it before the larger macro economics start
(17:52):
to heal and kick in. So it's a personally, I
think it's a really good time. So awesome video there, Jilling,
and thank you so much for putting that out there.
And we'll keep an eye out on what happens around
this particular proposal to bring in this wealth fund for Kadano.
But I really think just minting more stable coins in
(18:12):
the ecosystem is going to be a big boost. Overall,
DeFi is a thing, and you know, if we can
start having more of this and more more strike and
more flow coming on board, you know we're going to
see some really exciting stuff. Now, this is on the
more of the dj in side of things, and snack
dot Fun is innovating. They're always bring some new things
(18:35):
to the table, and they are essentially the Pump dot
Fund of Kadano, but with a lot of guardrails in there,
so they didn't want to go full dgen, so they've
got some protection measures in there so you can't like
a front run the ecosystem or anything like that. So
it's a little bit nicer for the users on the platform.
But they're putting in live chats onto there now. So
(18:59):
if you connect wallet, that is essentially an identity and
you'd be able to use the platform and chat with
people that are participating in a token cell. So it's
all people. It's all people engaging with project, engaging with
each other, trying to you know, cheer each other on,
you know, beat each other with how many tokens they
(19:20):
can possibly buy on a particular token launch. So it's
a community kind of thing. And having a chat within
the tokensale platform. I think is a really cool idea.
Hopefully it doesn't go to DJN like pump dot fund
did with the videos and some of the insane stuff
I saw on there that was ridiculous. I put a
link to the video about it top right hand corner
(19:43):
there links down below the extremes that pump dot fund
went to to gain traction, but it worked. Maybe just
a chat initiation here will work as well. But this
is really cool stuff, guys. Awesome work from the snack
dot fund team. Now continue on with snack. This is
the neck figurines I got to give. I really do
(20:05):
have to give these guys a shout out. I just
love the project overall. But these are like the figurines
that they're pumping out. They're going to create one thy,
one hundred and eleven of these. There's eight different possibilities.
It's going to be quite cool because it's a here
we go. Let me just read what you get in
this snack figurine thing. It's more than just packaging. It's
part of the experience and here's something special. Every box
(20:27):
carries the signature of the artists involved. Two D and
three D designer's motion ars, VFX graphics, and physical painters.
A tribute to every single hand your snack figurine passed
through before reaching you. It's not mass production. This is
personal so that it's really cool stuff. Guys. I can't
wait to get mine. I did participate in this one. Again,
(20:49):
this is an endorsement of the project. I just like
like this kind of stuff. I really do. Now, the
last thing here I'll talk about is this inspired me
and I thought i'd want to give away something for
my own community of Kadano press users and wapoo holders. Now,
I went to a word press conference on the weekend
(21:12):
and I got one of these pins. I don't know
if you can see it there. It's my camera doesn't
auto focus, but it's one of these pins. It's a
Wapoo pin. And at these conferences people trying and collect them.
They go to all these word print word press conferences
to collect those pins. They're pretty rare. And I mocked
one up in chat GTP. And this is based off
(21:33):
a wapoo, the original wapoo here, this one here, And
I wanted to give this away to anyone that is
or has created a Kardano Press powered website and has
it up and running. So there are still a lot
of people in the ecosystem that have it up and running.
Here Off the Bone has one up and running. They're
(21:53):
using on their platform to meet their NFTs. So if
you do have one running, please let me know. I'll
put a link to this post, put a comic down below,
and show me your Condindi Press website I want to create.
I'm just going to do a small batch. I'm going
to do twenty five of these and send them out
to anyone that has created a Condina Press powered website,
(22:16):
and for any of the leftovers, I'll sell online for
a minimal price. Just to say thank you to everyone
out there. So if you are a fan of webpress,
if you have built something of Condina Press, if you
love wapoos in general, let me know in the comics
down below. And before we sign off, just a big
thank you to all the channel members here. You guys
(22:36):
absolutely rock. You keep my coffee addiction going helping support
buying me a coffee on a monthly regular basis, So
thank you so much for all the support there, and
if anyone else there is interested in supporting me on
a regular basis. You can find the links down below
in the show notes. There you can become a channel
member and help me create all of this content in
(22:58):
the Cadana ecosystem. So thank you so much if you
decide to do that, But if you don't, that's okay.
Just hit that thumbs up like subscribe on the way
out and I'll keep you guys up to date with
everything's happening in this space. All right, I'll see in
the next video.
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