$FLOW Enters Next Phase Peak Money!🚀CEO INTERVIEW🔥Dapper Labs

Dapper Labs and Flow are executing a comprehensive strategy to align the Flow ecosystem with the next wave of crypto adoption. This update creates a direct link between network usage and network value. In fact, this
model is designed to make the FLOW token net deflationary at a sustained 250 TPS.

~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul

Guest: Roham Gharegozlou, CEO of Dapper Labs / Flow
Flow website ➜ https://flow.com/

00:00 Intro
00:08 Sponsor: iTrust Capital
00:35 Price vs Fundamentals
01:49 Fastest Growing L1
02:04 Could Flow Flip Sui?
02:22 Enshrined Protocols
03:34 Peak Money Launch Product
06:11 Safe Automated Yields
07:57 MoreMarkets & KittyPunch 
09:12 Liquidity Incoming
09:44 Institutional DeFi on Flow?
11:32 Build-Your-Own Vaults
12:43 Dapper Labs Treasury Moving on chain
13:38 $FLOW Becomes Deflationary!
15:14 NBA & Disney Ecosystem Coming
18:50 Disney Pinnacle is Too Conservative
20:45 One Year Later
21:20 ESPN Bet Sportsbook on Flow?
21:54 Beezie Can Flip Courtyard
23:16 Flow needs better gaming strategy
25:35 Flow Rewards Season 2 + Airdrop Coming!
26:30 outro

#Crypto #Crypto #ethereum
~$FLOW Enters Next Phase = Peak Money!🚀CEO INTERVIEW🔥Dapper Labs~
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Episode Transcript

Speaker 1 (00:00):
Let's dive in to a project analysis today. You guys
are going to love it because it's going to break
down flow and give you some insights to where this
chain is going, and we'll get started. I just want
to thank our sponsor today and that is I Trust Capital.
This is where you guys can start getting into long
term strategies around your crypto and the way you do
it is a CRYPTOIRA. One thing you can do, of course,
over there is join and get a one hundred dollars

(00:22):
funding reward if you use our link to get started.
Let the I Trust team know that we have sent
you over there.

Speaker 2 (00:28):
Man.

Speaker 1 (00:29):
They've got a lot of news too happening, so keep
an eye. They are getting ready to launch a lot
of new products. This is the place for you if
you're considering cryptoiras. I want to go over to a
couple of points we've hit on for a while. Flow
is one of those ancient topics that we have had
here on the show, and it's one we've done a
variety of videos on from a lot of different angles

(00:51):
because we kind of like where it has been going.
And of course there has been times I know many
of you will say, well, Paul this hasn't been moving
here recently. Look at some of the fundamentals. We're going
to bring on Roham in a minute to kind of
break down what those are. If you look at the
activity right now flow price, you can kind of see
where we're going. This is the ranking right now one

(01:11):
hundred ninety one in terms of the overall coin market
cap position, and if you look at marketcap in general,
it has in been a downward motion. But of course
this may change as we start to see things happening
on chain with the TVL continuing to grow so pretty
significantly as well, when a lot of other markets have
not necessarily moved. And of course, if you compare over

(01:34):
on doom Analytics to some of the competition that are
out there, you've got flow adera ton near but notice
flow upward trend. Some of these other major tokens not
necessarily in the same place in terms of TVL comparison.
So that's kind of the thing that we're looking at here.
One other thing I want to kind of hit on
right here, this is one of the fastest growing l ones.

(01:55):
Based on a thirty day chain, you've got flow holding
it over one thousand percent doses in the run here.
Polygon is in the run here, so definitely in good
company going forward. And if you look and compare to
another chain, Swie, and you look at where Swie is
holding right now to one point fifty four, this could
get interesting because sw of course has a market cap

(02:17):
of that's right, guys, five point six billion right there,
so very interesting. As we start to move in, I
want to go over to our guest today, and that
of course is Roham coming in from Dapper Labs and Flow.

Speaker 2 (02:30):
How are you, Roha, I'm doing amazing. Thanks for having me.

Speaker 1 (02:33):
Nice to see you back. You were on our show
a couple times. We've had you a lot of updates.
I want to go right into the enshrined protocols model
that you guys have gone and done. Explain that to
our audience first.

Speaker 3 (02:46):
Well, first of all, the concept here is that Dapper Labs,
the for profit corporation that the company responsible for NBA,
top Shot and a whole bunch of other successful crypto products,
is building on top of technology that's being built by
the Flow Foundation. So my former co founder, Deter Shirley
runs the Flow Foundation. They're going to build the protocol.
We're going to build the application. But the key point

(03:08):
about what we're doing differently this time is a protocol
is available for use for everybody to build on top of.
So it's enshrined in the sense that it's a dedicated
protocol for it's given use case on top of the
l one and it drives value and revenue back into
the native token. But it is an open network that
anyone can build on, unlike let's say MBA top Shot

(03:29):
the first version, which was more of a application that
was difficult for outsiders to build on top of.

Speaker 1 (03:36):
So you guys, of course, have launched peak money. This
is going to be a new multi chain product earning
fifteen percent or more on your USA saving.

Speaker 4 (03:45):
So explain this. What does this do for Flow?

Speaker 3 (03:47):
Well, so here's the unique thing. So the first enshrine
protocol we're developing, it's called Flow Credit Markets. It's a
new kind of a lending protocol which has automation built
into the smart contract from the ground up. And so
what that means is borrowers can go much higher in
LTV while minimizing.

Speaker 2 (04:07):
The risk of liquidation.

Speaker 3 (04:08):
And we're going to be publishing all these papers that
show every single one of the crypto crashes over the
last ten years, this system would have ridden them out
with zero liquidation, which of course matters a lot.

Speaker 2 (04:19):
To normal people.

Speaker 3 (04:20):
If you stick your bitcoin or your stable coin somewhere
where you're trying to earn ten fifteen percent yield, you
don't want to end up with a liquidation if there's
a price drop or some sort of oracle exploit or
whatever it might be. So that's the fundamental core of
it is a lending protocol that lets us get higher
LTV while minimizing liquidation risks, and peak Money is a
wrapper around.

Speaker 2 (04:40):
It that lets users bring whether it's stable.

Speaker 3 (04:42):
Coins connecting their bank accounts, they can buy bitcoin, they
can buy ethereum.

Speaker 2 (04:46):
Of course, they can also buy flow and.

Speaker 3 (04:48):
Then they can put that into the lending protocol, borrow
out stable coins, put it into those yield sources delta neutral,
and that's where the yield is driven from. And it's
all transparent, all on chain, all nine because studial and
fully audited and auditable by any individual.

Speaker 2 (05:04):
And that's just the start.

Speaker 3 (05:06):
And so basically it's the model that shows what the
future of finance is going to be, which is, instead
of these complicated intermediaries and structures where you have to
negotiate individually. You just have autonomous tokens to sit in
user wallets and take actions that they're programmed to take
with assets all across the world. And so it's going
to start with cryptocurrencies obviously, whether it's bigcoin of theory inflow,

(05:30):
but it'll the same system applies equally well to any
tokenized asset. And as you know, trillions of dollars of
real world assets are going to be tokenized in the
coming years, and so that's the reason we are moving
into this direction. That's the reason we're so passionate about
making Flow fully interoperable with the Ethereum ecosystem, so liquidit

(05:50):
you can bridge in and now super easily. And the
applications that we're building are designed to let anybody take
advantage of the.

Speaker 2 (05:58):
Power of tokenization and.

Speaker 3 (05:59):
Defil whether they want to invest in sable coins or
sort invest in crypto, or just benefit from the increased
yield and the more complicated, more accessible investment products that
are going to be developed.

Speaker 1 (06:14):
Okay, so explain to me how you protect against that,
especially liquidation issues or events that I've seen some products
out there that have kind of built this in, But
how does yours work?

Speaker 3 (06:26):
So it's very simple. So basically, the on chain automation
looks at your position every single second, every single block,
which is actually faster than a second, and rebalances it
to make sure you don't get liquidated. And the way
it rebalances it because all we've done is we've taken
your bitcoin, we've put it into a lending protocol, we've
taken out stable coins, and those stable coins are sitting

(06:46):
somewhere earning yield. And so instead of selling your bitcoin
when the bitcoin price drops, we just unwind your USD
position here, pay back the USD debt so you don't
get liquidated, and when bitcoin pops back up, we take
out more USD put it into the yield source again.
And so effectively, as long as the yield source is
picked is chosen to be something that's built to usual

(07:09):
and denominated in the same currency as the as the borrow,
then that you're not liable to know, you're not exposed
to currency risk, and we're picking yield sources that are safe.
And again you can combine Trap five as well as
crypto hield sources.

Speaker 1 (07:26):
I'm going to be interested in taking a look at this.
When does this thing launch? Is it available now?

Speaker 3 (07:31):
So Flow Credit March this is on main net right now,
we haven't there's no like dev docs or anything. It's
still going through sort of final audits. Peak Money we're
opening the wait list December second. So by the time
this air is all right, the ways.

Speaker 1 (07:43):
We get so perfect, so we'll have the launch of
Peak Money, you guys will be able to jump into this.
Because that's the problem I think a lot of people
have run into in a lot of these yield markets
is it's very complex getting into a moving your assets
in and out. You know, the problem that's been out
there for some time. What happens to like more Markets,
Kiddy Punch, you know some of these other platforms, what

(08:05):
happens to.

Speaker 3 (08:05):
Those so more markets is the first lending protocol on
flow is a sort of a a and that's implementation.
We're working with that team really closely to make sure
everything that we're building on Flow Credit Markets is fully
EVM compatible. So I believe they're going to be the
EVM front end. So you can come with your metomass,

(08:25):
you can come with your Trust wallet, whatever EVM and
wallet that you have, and interact with the flow credit markets.
Smart contract that sits on the cadence side benefits from
you know, you know the higher safety and security and
lower cost etc. There, but but more markets basically becomes
the interoperability layer. Kitty Punch is the is the decks

(08:46):
that the sort of UNISWAP implementation that sits on Flow
and that's being used for all of the trading and
so this product will drive.

Speaker 2 (08:55):
More and more volume into their application.

Speaker 3 (08:58):
So for example, on peak money and you on ramp,
you're actually buying PayPal USC and you're swapping that for
rap BTC that's also natively deployed on Flow, So all
of that volume helps.

Speaker 1 (09:09):
We've shown that, you know, in terms of the yield
numbers on Kiddie Punch. So that's what about the liquidity side,
it is similar to Deep Book, like what Deep Book
nds we have done in terms of liquidity depth.

Speaker 3 (09:19):
Well, the liquidity depth is also something that's going to
be benefiting at the whole ecosystem because a big part
of this effort working is bridging in yield sources from
different currencies, working very closely with Larry Zero on there
okay LFT implementation as well, and making sure there's really
deep depth for currency swaps, whether it's between stable coins

(09:41):
as well as Bitcoin ethereum flow and stable coins.

Speaker 1 (09:46):
Yeah, I'm just showing this was the deep book example
that was being used in terms of institutional grade liquidity.
This is a thing that I think will start to
take up because this, of course is Greyscale talking about
this right here, and it's going to be something that
we're probably going to see more sophisticated investors starting to
look at some of these kinds of platforms and utilize it.

(10:07):
Do you think we would see any kind of institutional
moves onto something like what you guys are doing with
Peak money the.

Speaker 3 (10:14):
One hundred percent, I mean the both Peak money as
well as just deploying into the smart contract natively, because
a lot of the folks that are most interested right
now are folks that are already sitting on large amounts
of bitcoin stable coins. They're already in these yield farms,
and so this is a way for them to sort
of get more juice out of the.

Speaker 2 (10:36):
Work that they're already doing.

Speaker 3 (10:38):
And so those will be a big drivers of TVL
into flow credit markets to smart contract. But the Peak
Money product is aimed to be retail and it's going
to start with you know, millennial et cetera. But then
it's going to layer in more gamification, more opportunities for
sort of the asymmetric opportunities that exist in defive, make

(10:59):
those open and accessible without the complexity of the crypto side, right,
which is the key management, learning, the MeTV, the front running.
All of those kind of pieces We abstracted out completely.
Part of it because of just flowed natively has MeTV protection,
all of these things, but part of it because of
our application. So the on ramps are going to be

(11:21):
super simple credit card or bank account or just transferring
from you know, connect your coin based transferring from crypto.

Speaker 2 (11:29):
So it's part user experience, part technology.

Speaker 1 (11:33):
What about native vaults within the Flow wallet because we've
seen this in the slush wallet with Suite, we're starting
to see another wallet showing up vault control, vault management.

Speaker 4 (11:45):
How are you guys going to do that?

Speaker 3 (11:47):
So same concept. It will be an open, open system
where I think it's either earned off flow dot com
or vault stufflow dot com. That will be up in
the next week or so, and anybody can come in
and and create their own positions and eventually we'll be
able to design their own strategy, so it's a fully
EVM compatible as well.

Speaker 2 (12:07):
We're using the same standard as Vada Vaults and UH and.

Speaker 3 (12:11):
Others, and some of the strategy operators that are currently
most active on other chains are also coming in and
setting up their own strategy, so you can buy into
those vaults if you want access to different sort of
risk return profile. It's all transparent and auditible. But as
you mentioned earlier, part of the thing we're trying to
stay away from is just like black box DeFi thinking saying, hey,

(12:34):
there's just there's a percentage rate, and then you just
put it here and you've got to.

Speaker 1 (12:38):
Trust and wish or hope yeah, yeah, hopetrate Dapper Labs
moving treasury on chain.

Speaker 4 (12:46):
What stable coin are you guys going to use to
be p y ust.

Speaker 3 (12:50):
We're the whole ecosystem is centered around PayPal USC right now.

Speaker 2 (12:54):
There is obviously USDC as well and potentially telor downline.

Speaker 3 (12:58):
But but you know, PayPal as represents kind of that
consumer vision as well, right and we want deep interoperability
with other consumer financial applications.

Speaker 2 (13:08):
And the other thing to recognize is.

Speaker 3 (13:10):
The programmability of all of this means that any consumer
product can now very easily give their consumers a wallet,
give those wallets access to DeFi.

Speaker 2 (13:20):
Whether you're a game.

Speaker 3 (13:21):
Whether you're a social network, whether you're anyone that has
consumer eyeballs, can use this as an opportunity to deepen
the relationship they have with their customer and make extra
money and effectively sort of offer the whole world of
DeFi to their customers. So these kinds of like platform
integrations we get really excited about.

Speaker 1 (13:39):
Yeah, would this update mean that Flow is deflationary because
I'm looking here at your statement. Update creates a direct
link between network usage network value. In fact, this model
is designed to make Flow token net deflationary at a
sustain two hundred and fifty tps.

Speaker 4 (13:56):
That's basically the goal here. Or is it done? Yeah, exactly,
that's available.

Speaker 3 (14:00):
That No, it's still going through community reviews and so
it's in the late stage of this kind of comment
period until next week something like that, But it seems
pretty positive that that it will go through. It'll still
even after this change, Flow is going to be the
cheapest high throughput network compared to even compared to L
two's like Base et cetera, where by far more efficient,

(14:22):
not because we're compromising on decentralization, but because of the
architecture where we have different note types and we don't
do any more work than is necessary, whereas most legacy
blockchain architectures or sort of every note does all of
the transactions in the network, And so that we have
a fundamental advantage that like the protocol layer for cost,

(14:45):
but the cost has been kept artificially low, and so
correcting that and I think that's going to be very important.
You know, the inflation on the network has been a
source of the cell pressure on the token, and so
fixing that is going to be a very important part
of making sure that activity on the network drives value

(15:05):
to the token economy, which is what leads to a
healthy sort of flywheel.

Speaker 1 (15:10):
Yeah, well it definitely could trigger some movement on the
price too, when you Okay, So the couple of points
that I wanted to hit on here in terms of apps.
First of all, you look at top shot. This is
just a from your statement. Had they launched on an
open protocol from day one, massive amount of liquidity wouldn't
have stayed in the silo, which is something that we've
talked about here on the show. Before it would have

(15:31):
flowed outward bootstrapping, lending markets, false strategies, RWA innovations. You
can kind of see that era is over, the regulatory
tailwind supporting now what we're seeing a crypto regulation here
in the US. This uncertainty is removed on various Dapper
labs flow independently share a unified mission network economic alignment.

(15:51):
So this changes a lot within Dapper Labs where they
could have maybe launched a token. This is gonna are
you going to see Do you think how quickly do
you think we'll see these strategies shift for major companies.

Speaker 3 (16:03):
Like this, Well, I think the strategies are shifting already.
It's been a process. And but for our partners, let's
say the world's leading companies most love brands, Disney, MBA,
et cetera. Everyone is looking at what's going on here.
But it's really important to have a sustainable model where
you're you're actually benefiting your real community members. You know,

(16:25):
every time someone's launched a meme coin, every time someone's
launched a sort of speculative endeavor, it's gone through a
cycle that has harmed some of the most core fans,
and so That's what we're trying to do sort of
differently here is give a model for the world's best
companies and leading brands, major institutions to kind of interact

(16:46):
both with DeFi and kind of offering yield and these
sort of financial opportunities to their customers as well as
with fungible tokens and having using crypto incentives in a
way that builds sustainable and sort of healthy co ownership,
not this this sort of short term, sort of pump
and dump type type mentality.

Speaker 1 (17:07):
Which has been the issue that we've seen with a
lot of tokens. You mentioned Disney. Do you think they
will embrace an open ecosystem like this, I mean, because
Disney's fairly locked up a lot of times in terms
of their IP.

Speaker 3 (17:22):
Well, yeah, of course. I mean, the use of the
IP is really critically important. But that's also where blockchain
technology shines. And in a way, blockchain technology is digital
rights management on the Internet the way it always should
have been implemented, and you can bacon rules into every asset,
rules that can't be broken, and so that that mindset
shift from saying, hey, look, anything we put on digital

(17:44):
is basically kind of giving it away versus No, these
fans are our highest value fans. And even today within
Disney Pinnacle, within NBA Top Shot, we have a sustained
you know, one hundred plus dollars a user average revenue producer,
and the numbers are off the charts compared to let's
say subscription revenue or advertising revenue, which is fractions of that.

(18:06):
And so crypto is a whole new business model for
these brands. It's a business, new business model, new way
to engage with fans in a way that you know,
makes them not just consumers but co participants, co owners,
co promoters and everything that you're you're doing. And they're
they're one hundred percent seeing that.

Speaker 2 (18:24):
Now.

Speaker 3 (18:24):
The reality is, though, they've got billions of fans, and
so the technology has to work for not just the
you know, most tech savvy one to two million, It
has to be for everybody, and it has to be
rock solid and has to be proven for years and years.
And so I have no doubt that every major company
will adopt crypto rails as their economics sort of backbone,

(18:46):
and it's just a question of timeline.

Speaker 1 (18:48):
Yeah, we're getting into a new era for sure. Obviously,
the regulation front has done that. But back to Disney first,
an why do you think? Okay, so the clarity here
is that this has not launched, you know still see Pinnacle.
That gets into a scenario where your NFTs are locked
up within the platform. What why do you think that
has been the case? I mean when is when are

(19:09):
we going to see a twenty four to seven marketplace here?

Speaker 3 (19:12):
So so obviously you can look at kind of MBA
and NFL as models for those assets are fully able
to get pulled in and out of the custodial and
a consola environment. They can get listed on open See,
they can be collabteralized for loans, all of these things.
And as I mentioned, some companies are just more conservative
than others in the sense of needing more time for

(19:33):
something to age in the market before they can they
can adopt. You know, some things are like cheese to
some people. You need to let them age. And I
would say that's that's the approach here. But you might
have seen this year we announced with NBA top Shot
that all of the metadata, all of the videos, the
kind of the core pieces that make the NFT valuable

(19:54):
to the fans is going to be on chain and
that's the first in a IP and a major IP
back project and kind of means that it is actually
fully a decentralized digital object and that's powerful because it's
it's the precedent I think for all major IPS to follow,
and so it's kind of one step at.

Speaker 2 (20:15):
A time, is how I would look at it.

Speaker 3 (20:16):
Disney Pinnacle just formally launched a couple months ago. It's
been growing, it's been doing well, and you know the
other pieces, we're trying to really integrate it deeply into
the fan ecosystem. So whether it's Disney Plus, whether it's
you know, Anaheim Hotels in near Disneyland, whatever it might be,
We're trying to go where the fan is and we
want the digital product to be something that the partner

(20:38):
is comfortable enough sort of continuing to grow and putting
it out there instead.

Speaker 2 (20:43):
Of you know, maybe financializing it too early.

Speaker 4 (20:46):
Yeah.

Speaker 1 (20:46):
Yeah, well, I mean we've been talking to this for
a while. I was looking back on our own channel.
This was nine months ago we were talking about getting
this done and you know, maybe now with regulation obviously
this plays into how companies are.

Speaker 3 (20:59):
Taking well, so that yeah, I mean, look, the unlocking
ethereremce potential like that.

Speaker 2 (21:03):
That happened, right.

Speaker 3 (21:04):
We shipped that upgrade late last year, and since then
Flow has been number one or number two fastest growing
in terms of number of developers. As you showed the
DeFi chart, it's kind of the shape we like to see,
and I think the thesis kind of worked positively there.

Speaker 1 (21:21):
Here's a question I have for you. I'm looking at
ESPN bet all right sportsbook. Why wouldn't this be automatically
on Flow? I mean, come on, this is like a
slam done, no pun intended.

Speaker 2 (21:34):
I agree.

Speaker 3 (21:34):
Look, I think the for one thing, the lines between
entertainment and finance are blurring, right like the new generations that.

Speaker 4 (21:43):
ESPN is foking outside your door there. I think that's ESPN.

Speaker 2 (21:47):
I think so they brought a helicopter.

Speaker 1 (21:50):
I love it all right, Well, maybe Pin Entertainment could
do something here, because this would be a big one
for sure.

Speaker 4 (21:55):
Bezy on the move right now?

Speaker 1 (21:57):
What do you think is holding Busy from kind of
flipping courtyard right now? Courtyard kind of the king in
terms of where we're seeing a lot of these NFT
movements go.

Speaker 3 (22:05):
I think they're they're doing really good work. The coolest
thing about BZ is they're not saying, hey, let's replace
every layer of the stack. They're not saying let's replace
their reseller, let's replace these partners. They're saying, let's build
software for them. It's almost like Shopify, let's empower all
of these everyone from card shops to folks like tach
grating to offer these and an open see the Open

(22:28):
Sea recently did a claw with z where they offered real.

Speaker 1 (22:32):
World looking at right now, which is a good example
of that to your point.

Speaker 3 (22:38):
Yeah, Yeah, So any any brand and and and anyone
with sort of distribution can go to them, grab their
full sort of stack and be able to put their
own user experience around it in.

Speaker 2 (22:51):
Order to kind of create their own claw.

Speaker 3 (22:53):
And I think that's how they catch up and and
then blow past sort of the impact the Courtyard has
had on market.

Speaker 1 (23:01):
Okay, so gaming has been one of those things. I'll
just to kind of show here. We're just looking at
revenue general in terms of flow kind of being in
that top position right there. You see Courtyard kind of
controlling it right there. So the market is clearly ready
for something like this, for sure. You look at gaming
in general now in over the last I know, web

(23:22):
three gaming people will argue Web three gaming definitely not growing,
even though we saw Avalanche winning all kinds of award
just last week.

Speaker 4 (23:29):
You know, at the Web.

Speaker 1 (23:30):
Three gaming scenario, and then you look at what you
know Sue has been able to do with locking up
being Gordon. I mean, these are big moves for Web
three companies to be able to really kind of get
into the gaming cycle. Do you guys need possibly maybe
a gaming advisor, someone big who can we.

Speaker 3 (23:48):
Yeah, look, I mean I know Bing well, he's actually
been an advisor to that for for many years now,
and he's recently kind of leaned back in on a
couple of the newer products we're building.

Speaker 2 (23:57):
He's absolute genius.

Speaker 3 (24:00):
And obviously we have other geniuses on our around the table,
like Mark Pinkus, founder of ZINGA, founder of v A.
We have, we have some amazing folks around the table.
And then the other thing to remember is every market shift,
every platform shift, new things emerge that make the new

(24:21):
realities of gaming different. And so in this one, you know,
it's it's it's open economies is a very important dynamics.
So we went after the co creators of Magic Gathering,
Richard Profils, Cafelius. They were part of our early advisory group.
They have some amazing folks around the table. I mean,
the reality is that the we're scratching the surface, and

(24:44):
we're scratching the surface on what crypto, what what crypto
can do inside games, What jen a I can do
inside games? What Crypto and jen a I combined can
enable inside games, like actual economic experiences that that are
impactful to daily life. Those products just take a little
bit longer to build. We're not that far away from
someone walking into a roadblocks bank and doing real banking

(25:08):
with their stalle coin wallet and accessing yield and all
of these all of these things that takes there.

Speaker 1 (25:14):
What I'm hearing, which I like what I'm hearing. Everybody's
been kind of pointing to this for quite a while.
I mean, we've been gone back probably three years in
terms of our excitement around this, and of course then
we saw, you know, the market slow down. Obviously we
didn't have regulatory alignment, which is now a big factor.
I think that we'll move a lot of these big
companies and if the money comes in, then yeah, I

(25:36):
think we're going to see it. Let's talk flow rewards
real quick. Before I let you go flow rewards season
one over. When will we see season two? What is
that going to look like? Any new updates?

Speaker 3 (25:47):
I think team is working on it, I'm not. I
think the main theme of it is that season one
was a great success. It was very focused on kind
of the consumer products, getting people to try different applications.
Season two will be very defive focused. The snapshow for
season was just taking a lot of goal Some people
who still have boxes and keys will be getting all

(26:07):
floy Air tropp and then the next season is going
to be the big one.

Speaker 2 (26:11):
So stay tuned.

Speaker 4 (26:12):
Yeah, very cool.

Speaker 1 (26:13):
All right, listen, this has been a good one. Rohan,
thank you so much for coming into I love catching
up with you because you always get me excited about
stuff again. But it's fun to and maybe now we're
going to see some movement in the market. I think
this is one of those times where maybe there's a
window here that we start seeing things happen. Thanks for
coming in though, we appreciate it.

Speaker 2 (26:32):
Thanks for having me was fun.

Speaker 4 (26:33):
You bet all right.

Speaker 1 (26:35):
You guys know what to do. If you are not
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You get free research insights, a whole bunch more in
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