Arbitrum STIP Marathon Virtual Event [Part 1]

Transcript

welcome back to the rollup High Roller Community as always nothing on the rollup is to be ConEd as Financial advice we are just an Educators in the defi space toss us a quick like give us a share a repost send it to a friend who may want to watch this and finally give us a sub or a follow it means the world to help support credibly neutral educational content in def5 we're here to educate Empower and enrich you and let's jump in like to kick this off Cu uh we're going to be behind no matter what the whole time because people love chatting and it's going to be fun with super CH here today Robin I have done this once or twice before and it's a lot of fun a lot of different uh opinions and just kind of want to kick us off with just a general uh so those who are

here on this first panel and who are listening in can understand how how we got here uh Robin stting the uh the the uh Bitcoin and blockchain Club alongside with our dear friend Antonio from Ben uh bling education Network he was uh also a student at the University of Florida um in back then in 2017 and now he's uh the key part of Ben I think that's LC behind the Ben account but effectively we've uh just held on to our our relationship uh and had really just been pioneering the education space together or at least Shing to in the blockchain space and Ben does really good work they really well connected with a lot of uh colleges and um you know kind of like uh uh T you

know more like higher level educational groups and institutions um you know and and I L quite a bit of participation uh from colleges and Dows and governance and so definitely excited to have them here and to be kind of bringing the educational angle to uh to what we're doing here and um obviously you guys know Robin ra we're DJ we get on chain we have fun we Farm yields and um today we're trying to you know bring bring that to light and really Inspire some collaboration uh amongst the the teams here so without too much further Ado just going to kick it over to Ben Eric for a quick intro um I I didn't cover and we're going to jump right into this first panel hey guys yeah thank you for the introduction this is Eric from

blockchain education network uh we're a network of University students that started back in 2014 we create companies we help students get jobs and fly them out to conferences to meet co-founders to get investors and we partner with like layer one protocols that are looking for more Developers are looking for like Builders um and so yeah yeah happy to see everything that the rollup has done uh we create a lot of educational content on our YouTube and we coost a lot of events like this for the purposes of Education educating the community on various different protocols and various different U resources and opportunities that we have in this space Eric it feels like uh we've gone full circle um since uh the North American Bitcoin conference in Miami uh

all the way through like the trials and tribulations of Bitcoin e defi summer onchain spring winter it's it's it's h been a pleasure going through these Cycles with you man and um excited to to continue on this journey and learn from all the guests that we have uh in the space today so um I think we've got already uh I think we've got our first panel up um and these are uh these are the guys and gals that are heads down building every day in this space this is what this is uh these projects what this is all about uh and what we've learned is that by by being the newbies by by kind of being the uh just like the small brains

uh we able to host the big brains that we have on the panel today and learn as much as possible from them so uh we have our first four big brains uh load star shreddy tenz Joseph maybe we can do a quick roundout of intros we'll keep it relatively quick paced and then we'll uh we'll get a little bit deeper into how each of these projects are are feeling about arbitrum nowadays uh 10 zent maybe you want to you want to start with uh yourself and cea yeah uh sure so just very quickly I'm the head of BD at Silo Finance Silo Finance we do risk isolated uh lending markets so instead of one big pool for all the assets we create individual pools for every asset uh and so we try to create a lot of lending markets for a

lot of longtail tokens but yeah I pass it along nice um yeah shy we'll keep it going um if you guys are uh if you guys feel so inclined just keep the conversation flowing and we'll we'll just kind of Bounce Around uh Joseph do you want to go next yeah hey I could not hear shreddy I don't know I think Twitter is just broken uh damn you Rocket Man but I'm Jose I'm the founder of open dollar a new over collateralized stable coin on arbitrum back by liquid staking tokens where the debt is tied to nfts instead of being tied to accounts so it will

create the first uh Market where you can buy and sell debt positions in defi uh we're building on arbitra I'm really excited I think it's great St process great and um yeah happy to happy to talk about any of that today sweet yeah cool man thanks thanks your thanks for being here let's Ki it off with uh load start to rep or or to get started here and uh quick in and then please tell us about bribes on uh on money markets and how you are uh planning to use uh steps to enhance this as I believe um you know you get around for now about a month or month or event with the steps so how is things going uh with you know with this with this first month and a half um you know with with

uh with your strategy and where you seen results and where are the opportunities on chain for sure um I'm waffle um I'm in charge of growth business development at loss or Finance so the whole idea of loss or Finance is bringing a money market um a native money market for arbitrum uh supporting Blue Chip assets stable coins but also arbitrum native assets such as GMX ARB token magic uh but also yield bearing assets such as pvgp in rep state so the whole point of whenever we received the stip um the stip grant was to incentivize the liquidity so at the moment every depositor and the borrower on Los our

finance receives a share of of our step uh weekly so we take two snapshots random during the week and their drop at the end um every Sunday at the end of each of our ebooks and the specificity of uh Blood star is actually first of all our native token is uh yield bearing Distributing revenues from the protocols Revenue I'd say but there is a feature that is some kind of staking multiplier whenever a um a loog um load holder or Staker locks his token for three or six months and whenever you lock well for the first time uh on the landing market we've integrated the goge so just like on a curve model um deck um lockers can direct every week the incentives either

to the to the markets either on the borrow side um or on the supply side and this has opened up to a few uh use cases for example whenever you deploying a strategy on lust or if you're leveraging let's say plv glp it would make sense for you to vote for the plv glp deposit so they receive more incentives but also on the usdc borrows so your usdc is cheaper um and with this go actually we've seen a few interesting Dynamics happening um many we recently also partnered with redacted cartel to integrate our Landing Market on their hidden and bribe uh platform form so starting today actually for first time

you have protocols uh strategy deployers liquidity providers they can actually bribe um our to token holders in order to receive more incentives on the go so this is what we've been trying to bring at at lot or a native money market but that innovates at the same moment um by bringing this this goge mechanics uh to a landing platform beautiful uh great great segue into into kind of understanding tenent and Silo's perspective you know tenent so now that you you've kind of heard and understood loads uh load swords in the perspective I mean I assume that you've already obviously seen it on chain what

what design choices did you make that are different why and tell what are some of your Reflections so far um from the money market point of view um you know with the stip program and uh kind of your your different kind of just results yeah yeah so at Silo right we we do risk isolation which is kind of an opposite Concept in a way and we have I think uh different kind of use cases um so when a shared pool model you know we have uh essentially all the assets borrowing each other um so you really want a a core base of really trustworthy assets and you get a lot more efficiency for within those assets right uh but with uh Silo right what we try to do is

we go for risk isolation which instead of creating one big money market we create a bunch of small ones and we pair everything with the same things which we would consider like the most Blue Chip assets so on arbitrum right we would create uh a market for something like uh like radiant right right like Rd and the token and then we pair it with ethereum and usdc and so this way uh if say like one of the oracles is bad in a completely different Market um or maybe there is a you know a a liquidity situation around a certain token if that market um you know gets exploited then none of the risk is transferred into the other other pools right because that that actual asset cannot borrow from the other pools

so this way like users can still go from asset A to B technically through the bridge assets is what we call them um but uh not have any of the the same kind of uh risk so it's a bit of a a trade-off of efficiency for um also the ability to kind of list um any Market that you want to because we are able to uh list a list something like a complex derivative without adding that risk onto all of the uh other pools so uh I think that's kind of the the route that we're taking kind of in Silo which is more towards the uh complex derivatives harder kind of things to liquidate and whatnot but uh yeah oh and as far as our sorry as far as our stip incentives um

the way they're handed out we we don't have staking so it's their stakeless uh gauges you just deposit and uh you earn the rewards um currently we're handing out a million uh AR tokens uh plus some like the radiant team they they've actually put up some incentives with us um and yeah any basically any native token that you can think of uh is on Silo and uh has its uh its own pool with um different varying oracles and uh different varying liquidities depending on how deep the token is s the risk baby appreciate it Z Zen thank you um I guess just real quick we're gonna jump to straight I just want to ask you one Ling what's the uh what's the what's the top uh yield or pool on

on Silo right now um that you you're seeing across across on the border as it all kind of dependent on the uh risk on the isolated uh on the isolated Market is that is that for me or tenant no can but also you guys guys can hear me now yeah we can I can hear you say say that again Andy just is there a specific is there a specific isolated Market has any uh additional incentives or high yields or is it distributed fairly and the yields are are basically adjusted based on the risk so I mean the the different the yields basically differ uh varying on

the asset and that also matters on usdc right side because because we're risk olated we don't have one usdc pool it's one usdc pool per asset uh and so there can be varying degrees of yield on that and um the one thing I will point to though is we have uh an integration with Pendle um and the Pendle pool is magnificent it's just I think it's much much higher Yi I think it's like 20 to 25% on on stables and just raw yield so yeah yeah awesome yeah uh loar had something and then we'll pass it over to shreddy so he get his time as as well we're going to jump on to the next one no I was going to say there definitely

two different approaches when it comes to Silo and loss are two different use cases too the fact of siloing the risk allows you definitely using more um adding more exotic assets to your Market um being able to borrow against your Grail uh your Pendle on on Silo but also Pluto's BLS assets def is um is an advantage uh when it comes to to lotar which is built off a compound for when it comes to The Landing markets themselves um adding assets is much more um tricky I would say because you actually need two um two things you need a reliable price feed and enough liquidity so you end up with less native assets I would say but on the other hand

whichever is available on us or allows for more or so more advanced strategies you can uh you can long uh leverage your uh your Bitcoin by borrowing ARB for example if you if you think that the the Bitcoin ARB ratio is going to go down uh you can definitely put Delta nutal strategies on plv glp with the different assets are available um so the fact of having many different assets pulled uh together indeed um it's it's definitely harder to to add uh more exotic ones but at the other hand on the other hand it allows also for more advanced strategies too and i' and I'd say that adding on top of

that which allows you like to vote and to direct the incentives definitely um helps like the user into shaping uh the available liquidity on the landing Market epic okay shreddy last but not least you're back in in business um how how's the yields going on glp I'm setting you up for a winner right there because I've seen the chart on coin Deo been watching it things are looking good how Jones without entering this and what's your CLI going forward to take care of the arbit and fam you guys see no shy you GNA drop again and then we'll

get you up here shreddy we this all right well I see the the Jones da account is joining now so maybe we can uh we can hear directly from uh J itself here he is by proxy by proxy all right all right um Christ I having so many issues today with all this uh everything whatever well I I had given a great intro before but I I'm sorry that uh that we weren't able to to hear that um Jones is a you know a simple defi strategy protocol we've been you know doing that forever

um the idea is basically to give users the access to some pretty high Lev defi strategies uh fairly easily very quickly um and in a liquid fashion so yeah I mean our our most successful strategies so far have been uh built around glp glp yields while they've been kind of lagging for the last um you know couple of months before you know before some recent times we've definitely seen an upkick and we're super happy with that um G jgp basically applies an automated leverage on top of glp uh and yeah the I guess the the price of glp

because it's a liquid token has been trending upward so a lot of our holders are very comfortable um because of that uh yeah and then in terms of stip it's very simple to access stip rewards on Jones we were super grateful to be able to receive um a 2 million ARB Grant and we're just uh we've got a a farm on our D app where you can uh deposit uh Jones strategies you can deposit jgp J usdc and J and wrapped J Ora which we've actually made Omni chain and and bridged over to arbitrum and you can earn some really really juicy extra ARB on top of that

love it I'm over to the farm Mak some Harvest yes yes thank you thank you sh for making happen up here um and thank you to the first panel for taking us off great VI so far uh Rob we're moving on to the next panel we got some defi ogs uh some friends and and the classic ARB F in the building we got uh Jonesy op blue all right and and smoothie from Seno let's kick it off to Blue Trader Joel some of this really cool liquidity book designs that Trader Trader Joe really uh really kind of shaping uh the Dex Landscaping some interesting choices as far as uh deployment on arbit I think it's been a

really good one for Trader Joe and the brand you guys have some really cool yields just for training and for all providing liquidity so yeah what's the uh how's the stps them what's the plans how how are users uh engaging and um yeah will take you away hey guys yeah thanks for having me um uh yeah I'll just get straight into it yeah so Trader Joe our STI um we it's basically how it works is it's kind of split down to two key forms of incentivization so one we have Auto PS This is like a this is our own so basically we've got 1.5 million of tokens being distributed to liquidity

providers so a big caution of that is going into our Auto pools so that's an automated liquidity manager similar to gamma strategies Etc um that is like you know you deposit into uh one of four potential strategies uh and then you can just also deposit into a farm so it's just like a classic Guild Farm um and new AC crew AR tokens you know proportionate share and then the bulk of our incentives are going into um our our own maker incentive program so as a liquidity provider on liquidity book you're concentrating liquidity you're competing against other liquidity providers you want to earn more fees so you can rank high in um high in

leaderboards for each independent liquidity P the higher in the leaderboard you get the more fees you earn and then also the more our tokens you'll earn um that's that's the short to the program and and how we're phasing this through the the STI period is we we basically have three phases so I think what we notice is you know most exas are kind of rolling out with hey look we're going to distribute ARB over a variety of liquidity PS for you know three four months um but we we've kind of taken a phased approach so it's a bit more concentrated it's a bit more focused uh and so each month approximately um would distribute up to maybe four five six liquidity PS at a

time um and then this kind of just keeps it fresh as we move through each phase it allows for more concentrated approach with providing liquidity um it helps Discovery as well because you know how we how we can Market each phases we can be a bit more focused with you know our comms and um the whole purpose of that is to try and help discovery of of protocols on arbitrum because you know as an acity provider particularly now you are you know there's so much noise with VI bu so when you're you know when you're searching for a PO you want to deposit in we're just trying to reduce the mental load that liquidity providers have when they come on to Alex know heog there are tokens across six pools okay that makes it a bit easier for them and

they can focus on you know one or a few of those pools at a time um but yeah so um the our approach to maker incentives is um phased over roughly a month period time um and as we go through each month different quity pools will have different AR tokens attached to them and if you have any any tiny bit of Alphas for what this uh present is I've been seeing it running around for what the Pres is yeah you see the the thing pinned at the top I'm not sure if this has been dropped yet and so oh they all right yeah that's I've got

no idea myself this is just layer threee they've organized it I've honestly got no idea what the what's the present at the end it's probably in can he just call on our uh our strings here if you tell them the truth Trader Joe uh the Trader Joe uh character looks awfully a lot like Santa nowadays so we'll just let the gift kind of hang out there at the top um blue thanks for going uh definitely uh definitely lots to check out on Trader Joe uh as you guys are going all across the map and and distributing uh these presence um Jonesy you've been

patiently waiting and uh personally eager to hear uh the latest on uh on GMX the stips how you guys are Distributing the 12 million ARB and uh gen generally how you doing Matt hey Andy good to connect man and uh same to everybody else it's great to see a lot of familiar faces on this space and a lot of protocols we love to integrate and build and cooperate with warm welcome to everybody so um DMX and the stip uh yeah lot's been going on it's a big program as you mentioned 12 million in incentives which is quite a sizable amount um GMX has chosen to uh to focus on on three elements mainly number one

is liquidity incentives it's um to incentivize the GM pools of GMX V2 there are sizable ARB incentives on all the jam pools on arbitrum uh those are on top of the Native yields which are already very healthy aprs ranging between somewhere between 30 and 40 50 60 even up to 70% on some of the very popular pools so very good yields currently on the GM pools um and that was exactly the intention uh of course GMX um let me give you a little bit of background because of course GMX is one of the leading onchain Perpetual exchanges live on arbitrum and live on Avalanche but we've launched GMX V2 uh over the last

three months or so slowly building that out further optimizing ux optimizing trading functionality and along with that new launch of these isolated GM pools comes the need to bootstrap liquidity now thankfully GMX is a very healthy and supportive community and the history of being able to uh to bootstrap sufficient liquidity as the glp model showed but nonetheless we uh we're really happy to see that the GMP pools have also gotten immense adoption and we're now up to more than 250 million in USD across all the GM pools which uh is a lot of liquidity and allows for for very uh thorough onchain trading very massive sized positions to be taken by

Traders so that's a little bit ahead of schedule actually we were we were expecting the pools to blow up at some Point uh early next quarter let's say but but due to these incentives things have moved a little bit faster than we expected even and it's really good to see trade volume and open interest and all these healthy metrics grow alongside that liquidity so very happy with how that's progressing that's that's things on the on the liquidity incentive side so if you're a a defi liquidity provider it's certainly worthwhile to take a look at the GM pools or GMX V2 cuz uh there are yields to be earned that uh that I think are pretty much in the top 10 of uh of

the opportunities across the UI currently that's element one the liquidity incentives we're also um uh offering trading incentives on GMX V2 um basically to bring down the trading fees uh trading fees standard for GMX V2 are uh 0.05 SL 0.07% depending on what side of the books you're on let's say so if if Longs are um dominant then you pay a slightly higher um trading feed to go long vice versa if shorts or dominant you pay a slightly higher trading feed to go shorts but those trading fees have now been cut by about up to 75% thanks to

the our trading incentives and that basically brings all trading fees uh to a level of uh less than uh 0.2 and basically brings training fees to a level that's comparable to what VIP tiers on on centralized exchanges like binance and buybit can offer so it's really good to see an onchain exchange being able to offer those levels and hopefully that allows us to bring a lot of of sex based Traders on chain and and get them to experience defi get them to experience onchain leverage trading on arbitrum uh and so far that that all seems to be working out quite well because we're seeing adoption go hand

inand with these liquidity and trading incentives and uh seeing very significant volume coming in we're uh celebrating about 500,000 users in total for GMX um right now which is already quite an astronomical amount and the the weekly trading volume in the last week is Skyrocket it's it's somewhere around 2 and a half billion in in USD inv vol which is a quite a quite a healthy achievement so yeah in terms of the arbitrum incentives GMX is is very content with how things have progressed and uh very happy to be able to offer these opportunities to both LPS and Traders well awesome and Jonesy just one last thing just briefly uh could you

also uh talk a bit about how GMX is uh also providing some grants different projects looking to build a top of that maybe some of the projects that are closer to getting that or have crossed that cross that barrier absolutely y just Char it quite briefly yeah for sure I I'll try to keep it brief um yeah that that's sort of the third pillar of our incentives program one is liquidity incentives two is the trading incentives and the third is the execution of the GMX grants program so uh about a million and a half of the ARB incentives was reserved for Grants um going towards protocols building on GMX integrating with GMX uh and extending the arbm defi ecosystem with the services they're

building and we got a very healthy response to uh to that call for proposals I think we're up to uh somewhere between 50 and 60 uh teams of builders that approach GMX with a proposal so that's been uh quite a quite an impressive response we I think about 16 or 17 have been confirmed and accepted by now and we're uh currently dealing with the remaining proposals trying to review everything properly and take our time to do that well while taking into account that the stiip deadline is uh is not that far away so there's there's only a couple of months to have to uh get this all executed properly and get these

teams building and integrating with GMX and having the uh incentives distributed so it's a it's a short time period in which a lot has to happen and uh it's really wonderful to see all these great Builders approach GMX and being enthusiastic about building on GMX V2 and I I'm really excited to see what's going to come of that because there are some exceptional ideas among those proposals and I think it's going to lead to a a significant boost in development for a lot of these accepted projects and we're going to see some very healthy flourishing uh defi projects bring up now uh on arbitrum so it's going to be uh it's going to be

interesting what's happening in the in the coming months let's take a two weeks of holiday break first before we uh head into the new year with another very um healthy boost of new uh energy and development going on that uh that sounds good to me thank you man looking forward to seeing this project spring up uh appreciate you guys being here um up up from Stella uh upov would be super curious to hear about how you guys are using the tips I know that you guys have been on the Forefront in a ton of different collaborative uh efforts with different teams here on the panel as well as coming up later so yeah what's up man thanks Andy uh for sure uh I'll just quickly give a brief introduction about

Stella for those those of the listeners who don't know Stella is essentially a leverage yelds protocol so we add a layer of Leverage on top of any high and sustainable eeld Source uh what's unique about Stella is essentially that we allow users to borrow at 0% cost there is no upfront borrowing fee instead uh the lenders essentially make money from a chunk of the borrowers profits after they're done farming their positions uh speaking about tip I think it has been uh like an incredible experience uh like from first order effects I think uh our tvl has tripled since the start of the program uh We've shipped a lot of new uh sort of Integrations that have gone popular with Pendle penai um and uh like

a lot of I see a lot of friends in in the panel like Trader Jo is someone we've integrated with uh Silo is something we're shipping very soon next week um so yeah a lot of Integrations uh good seeing good tractions in terms of tvl most of the STP incentives that we had uh were directed towards bootstrapping lending side liquidity because we were always sort of struggling to match the lending side liquidity to keep up with the borrow side demand and that's where we directing it the sort of second order effects that uh I think I'm like more underappreciated about step have been like bringing the community closer I think uh because of that we've been able to speak to a lot of more teams on arbitrum uh uh we we have an integration on Camelot V3 going live tomorrow in

fact um and uh we will'll be building on top of the Nitro pools which are built by gamma on top of Camelot V3 so essentially gamma makes the eels passive uh Stella leverages for high eels and Camelot is the Dex so it's going to be high leveraged passive Wheels uh and yeah we also like cooking up a Stella V2 and we very excited to Launch uh that in q1 of next year awesome yeah we we couldn't get a hold of the Camelot guys anybody can and get them on tail ended this that that that would be great um and I appreciate your uh appreciate your uh your insights moving on to the last one here smovie uh just uh please pleas be some of grief

but please would love to hear about Sayo kind of how you guys are positioning in in AR hey guys uh thanks for having me um I'm smoothie from psyo gamec Corp uh Soo is a social media and gaming platform here on arbitrum if you're not familiar our biggest recent launch is Sago TV which is our streaming platform and social network uh you can set up an account with a privy wallet and then you can start like streaming video watching other people's content saing e girls other streamers Etc and so forth um we're really grateful to have received 500K ARB from the STI program for our users and that's going to be distributed

uh based on very sophisticated metrics such as how much fun you're currently having on Soo TV um if you go on and stream tip other users byp passes to other people's profiles basically if you go on Sono TV and play around um you're building up your points for AR rewards for the airdrop um so it's been live for a little over a month and seeing the community kind of develop itself over that time has been quite cool um there's already like a lot of Gamers and people streaming as they like write their code or do other stuff um last night I was watching someone's cooking show which is really fun um just incredibly wholesome content um of course one thing we're

working on is which we would love to continue discussing with maybe one of the Native protocols here and collaborate on is a live de gen game show where people are doing like a trading challenge of like a 100x leverage with a starting $500 position and just kind of watch how that plays out live live on TV for everyone to enjoy um but yeah we're we're really really excited about psycho TV and the updates that were're rolling out including video on demand um as well as a bunch of our own new gaming projects coming in q1 um as you know the the social media and the gaming platforms are kind of

integrated um but yeah thanks for having us um log on to soo TV and um have fun on the platform and you know maybe build up some ARB rewards yeah it looks like Darius was here from birx and I don't see the the L from from Galaxy so let's keep this one rolling for the next couple minutes here um and yeah I I would I'd like to T to hear uh more from uh from from Blue and uppr they didn't get as much time um so so blue is is is there anything else that you're looking to do for the remainder of the

STI program that you're specifically excited about with Trader Joe uh whether it be upcoming collaborations or are there any types of you know you know are are there any collaborations or types of collaborations that you'd be looking to uh to kind of you know run with uh yeah good question I think you know part of our step was to allocate our rewards to new tokens and these could be brand new tokens that are launching from established protocols on arbitra more or just new tokens that are um entering the ecosystem you know maybe they're migrating over or maybe they're just you know expanding into arbitrum so there's a level of flexibility we have to help encourage Builders to come over you know

we recognize one of the problems of bringing over liquidity is you know trying to boost Dr that liquidity to get you know to hit a sustainable level that you know liquidity needs to be able to facilitate trading so this um this obep kind of program we have you know part of that allocation is to specifically allocate towards brand new tokens and and their liquidity pools that are launching so we've got an element of Freedom um from from that respect uh I think just later today actually um a a well a new token a new protocol they're deploying over from ALR they're called opulus um it's like a it's all to do

with the music industry and this is like a brand new part of um arbiture brand new token real world asset um based on the music industry it's really quite quite unique and you know we' be happy to support them by growing their liquidity on arbitrum through use of this AR U through use of these arwards so that that announcement is going to be later today or tomorrow um and then yeah you know there the main thing about our program is that level of flexibility so uh there'll be no doubt more protocols over the coming months that we be able to help support that all brand new into arbitrum um so yeah awesome all right and we've got Jake

from from gy kind of the OG uh Westing and D how how are you uh handling the steps what's your plans for requests to collaboration to get community involved more users how you doing hey B well how are you uh thanks for putting this together and uh thanks for having me so I'm Jake I'm from Galaxy for anybody that is not familiar with Galaxy we are a growth platform that is going to help you engage with a global audience of users we're going to help you manage and reward your current community members um for any ecosystem and on the user side we um or discovered to earn protocol that helps you build out your reputation and identity um throughout the blockchain space and also

helps you explore um blockchain's amazing um applications and what it has to offer so we were you know uh luckily able to secure a 500,000 um ARB Grant and this kind of goes back to you know being a discovered AR protocol and being able to Showcase you know aring ecosystems uh ecosystem the Galaxy's um community of 14 million unique users and what we're doing with this 500 K ARB is we've um distributed subsidies um to each participating protocol I think we've had close to I say roughly 30 protocols in the first wave and we'll be doing a few other waves and uh I think we'll also be including um the subsidy in our in our upcoming holiday campaign

we'll we'll share more information on that soon and what we did is we let these arbitral applications the defi applications choose which actions they like to track and incentivize which part of their protocols that they like to amplify um and then these users um they were able to explore these different applications um you know deposit stake swap whatever action that may be um and then um as the incentive the reward for doing so these users um would become eligible uh for these ARB tokens in a raffle functionality um that they can get their hands on and that's how we're Distributing the ARB um to uh to these users and I think we've the first round we've seen close to um 150,000 um ARB uh distributed to users so uh it's been

successful so far we've liked what we saw uh and we're super pumped and excited to continue building on top of this um showcasing um barbatum applications uh and being able to onboard users uh to the ecosystem so it it's been a pleasure so far love it yeah we've got uh we've got socket in the audience uh I sent out an invite to speak if you got that feel free to come up on stage um in the meantime I think we've got a couple uh speakers here from uh still the first couple panels so definitely down to keep the conversation going um maybe uh since we do have Galaxy up on stage uh thanks for the thanks for the uh rundown Jake um have any of the projects here used

Galaxy um in a quest type of format or any any ongoing types of paths that you see your community getting involved yeah so I think a lot of these prot calls we had work with a few new uh new ones um for uh this arbitrum STI uh program that we're running but a lot of them uh were you know we've been partners with for a while we've we have over I'd say 4,100 different partners and the idea is for them to come to Galaxy not to just one run uh one C uh one campaign but to really build out their you know their long-term loyalty program and throughout this loyal these loyalty programs uh through nfts collected loyalty points accumulated um these applications can identify their loyal to Loyal Distributors um through

credentials as well and at the same time in parallel uh begin building out their own unique web3 CRM through of all these different data touch points um so we have a lot of different initiatives that we put on ourselves uh to help showcase you know arbitral applications uh and also applications across different blockchains and we also have um daps that uh like the run their all campaigns to you know that are part of their loyalty program and I think the nice part about it is um especially for some of the dabs in this in the stip uh program that we're running um you know they've used Galaxy to one power social growth and also power um onchan growth as well so it's nice to be able to uh you know Drive growth on both sides of the aisle um simultaneously love it yeah it's uh it's

really cool to see um all of the activity and and uh the adoption that's happening from Galaxy as kind of like a first uh a first step so great work and uh now we've got socket up on stage uh very very uh warm welcome to socket uh I think our probably our first interop protocol that we've had on today so uh socket I'm not sure who be who's behind the mic but uh welcome to the panel hey hey folks can can you hear me yes sir awesome hi uh hi all thank thanks for having us here I'm sham heading marketing for socket and maybe I can just give a quick intro of socket just

for the rest of the audience here so uh at socket we building an interoperability protocol uh which is basically helping smart contracts send assets and data between so uh we are today heading towards a multi blockchain world we have rollups we have app change and app thrs and we just having an exclusion of all these chains and what socket is trying to enable is apps on different chains should be able to talk to each other should be able to send assets and only then we kind of get to a more uh homogeneous experience for users as well as like for making the whole app more efficient right so that's what we've been doing we have like almost ecosystem of 100 plus Partners we've been working with arbitrum very closely from the launch so yeah been pretty

exciting things that have been happening from the start and like the whole St Grant is like something we been grateful to be a part of and win and yeah we really to roll it out so what's the plans to roll it out uh yeah so currently we have like a few smart contract changes that are rolling up so we are kind of planning to launch the whole stap Grant uh in the first week first or second week of January so currently the way we kind of Distributing is like majority of the grant is going to go towards subing cost for users to on board to arbitrum so uh like if you remember like uh the whole Arbiter mody was the M the main thing

the arbit like there was like a few weeks of campaign but the first week was specifically Bridge week right because uh like the first most important step for arbitrum to kind of grow and gain a lot of adoption is getting users right into album so uh at socket also the way we're kind of thinking about using the grant like the the main thing we kind of propos and how we'll be deploying the whole Grant is firstly subsidizing the cost for users so uh any user from any chain should be able to come to arbitrum without having to pay a lot of gas fees or also uh need to Bar the cost of bridging P so then be like most of the arbitrum will be kind of giving out us rebates so people kind of get 80% of the bridging

piece ensuring that there's no civil possibilities but at the same time for any no new user who wants to come they can just kind of come from any chain onto our right so that that be kind of think is like a m that would be kind of a major boost and specifically like arbit native just allows this from ethereum but so in being an in protocol users come from any every other scene from polygon to optimism base any other scene people this can just come into not just arbitrum but also directly into all the arbit apps right so that's one thing we're kind of very excited about secondly we're also using the GRS to help all these new polygon all these arbitrum orbit chains to kind of bring bridging experience

direct for them so uh arbitrum orbit chains which have been kind of started already being blooming and there are like multiple orbit changes are upcoming uh so what socket is doing is like we're working very closely with some of these chains to bring bridging to them from day zero right so what that means is any orbit chain can just kind of spin up have socket under the hood to bring bridging and you just get instant transfers zero cost transfers from Every Chain to the the new orbit chain so these are the two things we're working on we working with all of our partners so hope we we'll probably launch it very soon in the mon ja that that's epic get that layer three abity

grow up in drop going maybe that's what we'd like to share thank you so much for coming on and next up we have am from T swap I think Rob make these Gall out in IST at death if I'm not mistaken I'm not sure if you metant am me I I I remember seeing their presence out there so am me GM um what is going on what's some Reflections you have in stps where can we find some nice juicy yields on chain some thoughty collaborations and um what is time up to awesome okay uh am I audible just want to confirm yes sir we can hear you aw good awesome awesome yeah nice nice to meet you guys again I guess was uh lovely

bumping into you guys in stul So yeah thank you for hting this and getting the community together again I guess uh probably after the uh uh after the process of scip I guess it's good to Circle back after a month and connect with the whole Grove here I see blue from Jo he blue socet obviously is old friends of ours uh johon C from GMX so nice to see all the GMS Eco here so we were also uh uh lucky to receive the the stip grant for uh 200,000 AR token part of the STI process uh talking about time stop it's a fully decentralized uh

lending Bing protocol essentially it's an amm that uh that is designs on the principle of unisoft but enables you to uh let's say do lending borrowing at fixed majority uh without using any oracles so thereby uh you're basically safe from any sort of let's say Oracle manipulations that has uh affected most of the lending markets that uh let's say Target the longtail assets so this basically means we can safely list any yc2 token so obviously we currently have uh the ab token live on the platform we also have uh like St Joe from Trader Joe we have the uh the GM token for salana S collateral from GMX and uh like Pendle

and many of the uh Flagship defi protocols and their assets are uh live as collateral on time stop to take and yeah the tip has been a great uh boost for us obviously uh as a protocol we don't have a token yet so I think the uh incentive has definitely helped us uh scale and uh increase our volume I think our tvl has gone up like 6X in the last month volume also similar numbers so overall I guess the stip has been very good for us I think it's also I think I heard uh Aur mentioning earlier that uh this brought together Community as well I think definitely I think uh got to meet so many new teams uh lot of new

collaboration ideas came through the stit program and uh excited to continue the continue the distribution of rewards I guess in the coming weeks I think uh the only a very small portion has been distributed from R till now I think probably less than 5% I think the balance is uh going out in the next few weeks and couple of months so exciting opportunities to earn yield on lot of assets I think we're going to launch with Lio next week and some other interesting LST protocols in the coming few weeks and yeah overall it's been it's been great great uh great experience for us I think overall things are looking up Market is looking up so

yeah excited to be here and yeah thank you for thank you for inviting us amazing thanks for coming on very stoked to see the uh the integration with lto coming in into uh fruition that's going to be very very cool oh I think I may have gotten muted somehow but oh sorry yeah I was saying I see George from also W was also one of our earliest uh partners and long-standing partners so excited to see you guys also here yeah George let's let's hear what's the collaboration plans with uh F slot if already executed how's it gone and then kind of is really planning to go

forward Fon welcome to the stage and we' love to hear about woo and and the stti short yeah sure we've been s of working with timeso for a couple months now very very glad that we met them and kind of became friends and sort of they opened up a whole new sort of um world of utility for like uh wolfi earn LP tokens uh on Arbitron uh which has been sort of great for anyone who is like a a wol woli Farmer on arbitrum uh yeah so we were very happy about that sort of yeah today was a big day as well for us we we just published a 17 Page comprehensive report on everything that's happened

this year for the wo ecosystem and for those who don't know the wo e system you know it's a centralized exchange and a decentralized exchange so would definitely urge you to check that out it's you could yeah you could just kind of go to the woli page and we retweeted it earlier uh sort of outlines very it's very detailed highlighting sort of pretty much anything and everything so would urge you to check that out and as for our stip incentives are you know stti uh it sort of occupies occupies a funny part in my life we we were unfortunately like in the original uh round we were the the immediate project that got cut off you know we like in terms of like the projects that

qualified we were just below like the first project that just not be be below the threshold uh so it's quite hard sort of watching our good friends and partners like time Swap and Trader Joe uh and and many others gebets uh sort of getting that but thankfully with the back fund uh you know obviously that that proposal to to back fund successful STI proposals has gone through which you wouldn't believe how grateful I am for and so that means yeah 1 million AR tokens is coming to wui really really chuffed about that and it should be sort of flowing through six different means uh will be a bunch of volts on arbitrum so woi has four volts on arbitrum one for usdc ARB e and rat

Bitcoin four volts those I think are going to share in about 200,000 AR streamed over four uh streamed over three months I would say just sort of evenly between them single-sided yield nice and passive it's not concentrated equility you don't have to adjust the range nice and nice and like lazy LB uh we we we'll chug some in for woi Pro for those who don't know woi Pro new pers platform we launched about a month ago there's going to be uh rewards for new users kind of like a just like a lucky draw right deposit make your first trade uh some people will win that rolling each week along with uh basically trade mining so if you're moving take of volume on woi Pro there's going to be I think about 8,000 AR rolling each week that you can win or that you can sort of

earn a share of will be attening woi stake uh so 80% of our roofwise swap fees are sort of being uh shared as real yield for people who stake the W token sort of yield right now is about 10% we're going to be injecting 200,000 AR again over three months into woi stake really hoping those yields could get to like 15% uh I think that's we're very excited about that we'll be rebating swaps on arbitrum we'll be also rebating sort of cross uh inbound arbitrum inbound cross chain swaps uh to incentivize more people to come in we've also allocated some for quests and and for build for Builders who want to integrate our widget which we've not for forly launched but it's there and it's ready which is it's kind of like a white

labeled tool for for protocols uh see who who who sort of want to have like a swap feature inside of them you know like a something like questing platform or money market that does actually have swaps can kind of integrate that but honestly you wouldn't believe how decid to to you know what what I saw that poal go through to know that we're getting that AR and I think our community was over the moon as well and you know the premise of our whole proposal was to showcase that we can bring in users from CI into defi you know we in the wo we have a centralized exchange there like 130,000 users registered users using that platform I think for us a big measure of success will be you know by the end of sdfp our incentives in sort of hopefully in March you know if this

proposal to extend the deadline goes through how many of those you know have we brought over um but quite confident we should be able to migrate many of these users uh into arbitrum awesome and glad to see the uh collaboration with Galaxy as well and I'm wondering where can we get some of these socks you you you saw the socks yeah the the that was I was glad that they were received so well Andy yeah check your uh check your DM sir I'll be reaching out I love some good crypto thoughts cheers for being here and shout out to Savvy and with IMM here Savi kind of really pushed the needle on this back funding idea which is kind of surprising

to me at way that slob was relatively me to this to this community so um you know I'm curious on kind of The Vibes that you guys to kind of hear their take on the backf funding but first IDM salvi how you guys doing hey uh gmgm hopefully uh uh my audio is coming through I'm trying to use the the web browser client for for x or whatever but um yeah yeah very happy to be here so so um yeah we we got into uh STI uh backf funding uh really just because we got so into stip um we uh we we put together a cool application and uh along with um Alex

Lumley uh really we started off trying to uh even before the vote uh concluded we we started doing research on the Dow to to figure out um how we could reach delegates and and uh let them know about our proposal answer their questions um and uh that that actually started the the the research kind of angle of all of this was was me talking to Alex and um one thing led to another uh we did actually get uh uh enough delegates to support our proposal that it was uh it it met the criteria so you know we were really disappointed when the budget ran out before we could uh we

could get any of uh those incentives to distribute for for using the the protocol so um so I started looking at the data some more and um Alex uh I mean he was just tireless with with all of this he set up a ton of meetings with really key individuals uh they told us stories you know we took notes I I would go back to the data uh conduct some new analysis try to try to get some answers and and um over the course of a couple of days uh we um we figured out you know a couple different ways that that we could go about this um one of them was this like budgeting error you know how did the Dow vote two times you know the

first time for 50 million and then you know like a couple weeks later they voted to authorize 75 million so like that was an interesting kind of collective decision-making thing but people didn't really get fired up about that like nobody really cared too much um so we talked to more people we figured out too then that um the way that the um the ranking was used to determine who got funded versus who wasn't going to be in that funded cohort it just turned out that that excluded pretty much all the small protocols um um out of a bunch of the the funded protocols uh only four were going to get

through in this um smallest Grant tier um so when when we realized that the the the data set for which we were going to determine long-term incentives uh when we realized that that raw data was going to be based off off of this like really biased sample that that ended up systematically excluding all the new protocols coming to arbitrum all the new protocols um that that were approved um but because of the the the ranking mechanism yeah they they weren't going to get the funny well that actually turned out to be a more compelling uh narrative where um um we started connecting with people when we were

explaining like yeah actually by you know it was nobody's fault but just by the way that that we did it almost all the small protocols got um left out of the funding and so we're just not going to have any information uh about how small protocols used incate on arbitr um and so STI will happen it'll be good but it's going to miss this really key uh component of growing the arbit from ecosystem and so that that part really had some legs people really started getting uh motivated about that and um so I actually uh I wrote the first draft of the stip um back funding the

AIP um and I based it off the research but then um I was really just looking at the Arbitron Dow uh con institution um just like side by side with the application and um when it came to the rationale that's kind of how things ended up being uh framed in terms of uh inclusiveness um we kind of found a match between how um the data were going to end up having this blind spot with all the small protocols being missing um and that that wasn't that you couldn't really Rectify that with the way that like you know the AR Dow kind of knew in its values that um it would be a healthier ecosystem by uh uh working

with protocols at all stages of their life cycle with all different tvls like it's it's gonna result in arbitrum ecosystem being stronger um so it's a good value in anyway so so we um we kind of connected uh everything through um with the doubt uh uh Constitution at that point and that's how it ended up being this like STI inclusiveness uh kind of narrative um it really had to do with the the the data sample being having a blind spot and and connecting that through um um with with what was going to be with with the way that the Dow was gonna like fall short

of its own ideals um and the rest I mean gez Alex uh lonely uh uh was just a Powerhouse connecting absolutely everybody I mean the reason it was the most popular vote in in dowo you know the arbit from Dao um so far is because Alex had the the right energy it was absolutely amazing but uh anyway yeah yeah yeah that's uh that's the Cally let me pause there for a second because I just I just brain dumped a whole lot yeah for sure um I'd be curious to hear from sh from cozy about kind of his

thoughts on that on that kind of sag in development from like the OG's shoes and um also kind of switching into Premia and the perspectives and the uh and and the steps that you guys have been uh operating can you hear me yes it yes okay okay cool same I'm trying from from web client now seeing know this works well JM everyone um yeah I didn't really think it was uh I thought it was really productive I I got to kind of see a lot of the conversation going on um in the arbitrum Dow and uh seeing everyone kind of come together and I think like the Sip the back funing proposals uh a lot of the other proposals that they've been

they've worked on um it's been cool to see how for arbitrum it's very uh kind of Grassroots and ground up it's aot of the protocols taking the lead and working together to find Solutions um so it it's been a cool experience thus far and and you know I'm happy to see uh more projects that were deserving of of grant funding get included in a round um and on the premier side of things so if people don't know what Premier is we are an options protocol on arbitrum um how we're using our stip we got allocated uh a 900k arbit from Grant um we've broken it up into a few

different uh activities I guess you could say or or uh qualified sectors in which we're Distributing it for uh we had 600k that in ARB that we are using to incentivize our vaults our different underwriter vaults that we have for uh both put in the call side uh we have 200k in AR that are being used currently for range order incentives um and then we have 100K for uh partner incentives for partners launching uh you know vaults or uh pools on our our platform so right now like GMX and FRX uh Magic I believe are currently incentivized we've got a lot

going on so can go into like all the other things that are actually going on right now during it we have we're calling it kind of blue season uh you know arbitrum Pria uh it's uh blue is such a soothing color um but we have a trading competition going on uh there's 100K in prizes total over the uh over the course of the eight weeks um we have quests with extra rewards on Galaxy um 50% off referrals uh referral or 50% rebate on referrals till January 31st um so yeah there's a whole lot going on uh and we kind of broke up rather than do a a giant you know global

trading compe comption uh where people may be disincentivized to uh to test out the platform and and you know try things in the arena uh we broke it up and we're doing each week a different competition so it's a season of of competitive things um so that uh people who are are maybe on vacation you know uh uh one week and can't make it um so feel like they're going to fall behind or it's not worth participating um or maybe they're not the best Trader you know so they see the guys with like the huge p&l percents or raw p&l percents that are are um you know far outside what they think they'll be trading uh they're not they're not discouraged from from still trying to to

come to learn and if you know nothing about options we have a a great Academy um at academy. premier. BL uh you don't have to it's platform agnostic so if you uh um just want to come and learn about options but you have a preferred you know platform that you'd rather trade on uh doesn't bother us although we'd love if you trade on Premia uh we made it that way purposely so that it could be used as just uh kind of a public good resource for people looking to uh get into options uh yeah just want to add about the Vault uh So Co mentioned the assets we got um I just want to say you guys should take a look at the Vault some of the rates you might find pretty interesting uh especially on assets like

Solana uh in general the the Sip has been really interesting to see how it takes a few days for for the race to like price in uh it feels like because there's so much hype on other ecosystems right now in crypto uh some people are fading this uh mini arbitrum season uh so yeah to give it a look uh you might find something you like uh and did you mention the step being live for the range ERS too uh cozy I did okay so that's all I got fading arbitrum season couldn't be any of these high rollers fana is getting a lot of hype

Cosmos is getting a lot of hype but yeah I still love arbitro yeah love it let's keep let's keep it moving um yes Solana's partying with their meme coins they're having fun we're having fun too uh muk's protocol um come on up give us a give us a shout and uh tell us how you're uh how you're Distributing these these sttips um and how the experience has been so far hey GM GM um this is J from Mox protocol uh yeah super excited to join is like activity here and withness the the tremendous RS of the ariton ecosystem um yeah so for Ms we are an

aggregator of the decentralized Perpetual swaps um so like we have integrated with uh GMX wii1 and wi2 and gains and also we have our Mo native pool here um so what we what M do is like we route the positions to a different liquidity sources um to offer the Traders with the optimized trading cost um so with the um alligator we provide a couple of like cool features uh the first one is that the aggregated liquid because you know like um right now the liquidity is kind of like fragmented on different chains and different protocols by aggregating with

all of them so right now like MOX we have around like 5 million sorry 500 million dollars in regarding liquidity by integrating with the yeah with the different protocols and also like another cool feature is the um uh the market options for the provide uh for for uh for the Traders again like we are able to provide the different and yet diverse Market options by integrating with other other protocols uh another cool feature is the leverage boosting so we're on MX we are able to boost the leverage of the integr integrated protocols um to up to 100 times um so

for um for GMX we have already enabled the wi1 uh boosting um probably I think in one week or two we're able to launch The Leverage boosting for GMX V2 and more to come for sure yeah so yeah this is basically like what all the mugs can do um yeah so we are super honored and excited to receive about like six million R in the Steep Grant uh so right now like all of our grant will go to the trading side so right now what we do is that we rebate the open fee and closing fee for the traders to zero so it's not

like um like zero like zero fee to trade but it's like almost zero so we still have some like minor fees to charge for example the fing fee and borrowing fee for different protocols but for the open opening fee and the closing fee will re B to zero which is like um a great way to uh attract uh the users especially from other ecosystem uh or even from the centralized exchanges to have to have a try on the product um yeah so yeah it has been like we have witnessed like a tremendous world since the November 16 where we started the rent so right now like we have already generated like $3.8

billion dollar regarding the trading volume uh during the during the grand season and also the fee generated from those trading volum is about like 200 it's $2.8 million which is a lot so we are super excited um so like besides that actually um one highlight I kind of want to mention is that we haven't allocated any uh incentive to the liquidity side yet uh because we believe that like with more trading volume generated more trading fee generated we are able to you know like to um to like kind of boost the yield for L side which is actually what happening

what is exactly happening right now uh because of those like uh huge trading volume generated from the uh from uh the season that right now the uh the lp APR for Marx na right now is around like 66% APR and it's pretty real because like 60% of those of the APR is actually in E it's not like other yeah other other Co coin so like it's pretty much the real yield and also for be holders uh of Mo like be holders is like whoever stake our native token which is MCB they will

have like ve holders and V holders also extremely high right now uh caused by the caused by the Yeah trading volume which is like more than 100% and 97% of the yield of big holders is actually generated by the uh is uh sorry is in the form of is also real you uh so we are kind of witnessing like a positive Loop here and that more training volume generated more uh fees to allocated to the LPS and be holders other stakeholders uh so yeah this a great journey I'm looking forward to see more um growth uh in the rest of the journey yeah pretty much it amazing thanks for sharing that's uh

there's tons of alpha all all in there um about how to get the most of the Six Million ARB incentives going through mxs um and we're we're consistently pinning tweets to the top here so if you're uh if you're curious about some of these uh some of these programs and how projects are Distributing go ahead take a scroll uh through those tweets and you'll uh you'll find lots and lots of opportunities to earn ARB um we are still running a couple minutes behind so we're gonna we're gonna go ahead and move over to dolam mate uh I think we've got Corey up here from Dolomite um Corey go ahead floor is yours how are you guys experiencing the stips hey guys Coran do white here one

of the co-founders and the STI program has been tremendous for us in terms of growth of not just tvl but Community um since we've launched the STP we've increased by over about 200 250% or so in pvl we've had a lot more bwing activity start to show up on the platform and actually as recently as last night we had our largest borrow position get opened ever um and this is what we wanted to see happen with larger blocks start to come through with the increase in liquidity what we did differently with our uh with our ARB that was granted to us which we got 1 million ARB tokens is we created a program called o ARB where we distribute orb each week uh depending on how much liquidity deposit

in the protocol and we measure liquidity for lendable assets and the process of converting o ARB to orb is done in such a way where we try to align the incentives of the arbit and DOW with our growth and with the farmers that are basically coming under the platform and graciously depositing their liquidity um essentially the process gives you a discount to purchase uh the converted ARB to ARB depending on how long you want to do the investing process for and because you have to pair real ARB with the O ARB tokens it basically bottlenecks whales from participating in the program if they uh if they don't already own ARB tokens so what we've seen happen with this program is

examples like users actually withdrawing funds from buy ads for example and depositing other d light in order to do this this pairing process which is great because it's obviously bringing more activity back on chain from centralized exchanges and it's also proving that people need to actually hold the asset longer term in order to realize the gains that they have accr by getting these o tokens uh mixing with that we actually have this system called Dolomite XP or Community XP that allows community members that are active uh whether it's on social events or actively using the site to get experience coins very similar to what you see in a video game and we were one of the first platforms to use a platform or a system like this

to actually benefit people on chain so that vesting process I described beforehand if you are a dolite level four user or above you're actually able to accelerate that vesting process by about 50% so it's a really exciting Endeavor that allows people that have been actively with us in the community since day one to feel rewarded because they are you know reaping the benefit of of that through the O program and for us it's a great way for users to are not level four yet to get more acclimated with the features that Dolomite has to offer so taking a step back Dolomite is a lending protocol uh we consider ourselves a next generation one because we built out this really Innovative virtual liquidity system that allows us

to uh do things that other platforms cannot so arbitrum in particular has grown extremely successful because of the Innovation that other protocols other defi protocols that brought to the table and that Innovation can be looked at with platforms like GMX for example where you can take your GMX tokens you can escrow them um you can also claim and compound your yield that comes back in real yield in terms of e uh and these are all really cool things that make defi special compared to traditional Finance the fact that you can hold an asset or a token and it can do all these really cool things but unfortunately if you deposit those assets onto other lending platforms they don't actually have a mechanism for which that you can

retain these really cool features on dolite we call these your defi native rights as a user so whether you want to vote with your tokens escrow stake claim Etc dolite a platform where you actually can continue to do those things even while you're borrowing against your assets at the exact same time so how this ties into the DOL XP program and the arbp and all this is we actually have campaigns where users can actually get experience or gain levels from experiencing or doing some of these unique things on the light that you can't find elsewhere so we've established a pretty strong funnel for people to come to the platform get rewarded yield for doing so and if you want to take that uh that investment in terms of attention one

step further then you can experience all the really neat things that dolet has to offer beyond that and it's been a really enlightening process for us so far and we're very grateful for the arbit and DOW voting Us in and being able to experiment with such a unique and Innovative system very cool and uh you guys have recently integrated radiant Jones and Pria into the platform uh very let's go tell us a little bit about that uh as we kind of wrap up this uh this panel here yeah absolutely so we consider dolet to be like a a defi Hub where our responsibility is to unlock roadblocks in the Dy ecosystem so with some of those alt coins that you mentioned we of course listed them in the platform so you can borrow against

them uh they're all zap enabled assets so you can use our really cool zap feature to oneclick leverage hedge or Loop your positions um which you can access from the borrow page and we like to take our Integrations One Step deeper wherever we can so in the case of for example Jones when they released um J usdc staking through of course their allocation of the stip program what you can do on dolet is actually stake your J usdc and get direct access to the reld that comes through by virtue of their step and you could do that while actively borrowing gets your jdc and looping it at the exact same time so uh so recently we actually saw like a couple hundred thousand dollars worth of

jdc come in and people are actively looping that on our platform and paying uh usdc borrow rates in order to increase their exposure to J usdc and the uh in the yield plus the farming rewards that it offers uh which once again is one of those really unique things that you just can't find elsewhere uh so we're actively pursuing different opportunities like this where we can try to add value to other ecosystems unlock new capabilities for their Community to try out on do light so if you're a platform building cool things on arbitrum and want to see how do can help potentially help your user base and unlock new capabilities you know please do Reach Out offering uh offering more efficiency out of radiant premium Jones it's like it's a really cool uh an initiative that allows then

guys like cozy to like design the tokenomics with the team in a more sophisticated way because now the possibilities are are kind of a bit more open than I guess just cozy if you have any quick thoughts on kind of anything that you were thinking with uh with do on the lending side we love to hear it and then we'll kind of move move to the next account uh I don't want to spill too much Alpha but um we've been discussing uh uh exotic collateral types we could say but also shout out while we're on here to um some other guests like you have socket up here longtime partner I love them Silo uh also recently uh supported us as collateral um um you know obviously the

GMX uh magic all those guys so uh I don't again don't want to give away too much but yeah we're we're definitely exploring uh uh different types of collateral that could be used and uh and looking at protocols like Dolomite to uh facilitate that with us L next panel thank you so much guys uh for for that one we've got uh some some dope Lads up H mix State down perennial and Bailey let's jump over to Perennial AJ is here what's going on AJ uh welcome um welcome to the steps face the marathon what are you guys contributing to the ecosystem and who are you collaborating with what's your plan yeah thank you for

for having me up and um much appreciated and um yeah I guess for those who aren't aware um perennial is petal SW protocol we've been live on arbitrum since the start of the year and we managed to to do some decent volume V1 but it was it was really good timing with when the stip um program started because we just released lv2 um which has been super useful in terms of bootstrapping liquidity and sort of getting things underway um in terms of our our V2 you know we moved to a model where um takers a first match with other takers like Longs and shorts match together and then LPS come in and fill in the Gap so ideally you know LPS can be delta neutral and we've been working with some great Partners like Gauntlet in terms of

bouncing the um the open interest onm the platform and I guess with this sort of model there's a heap of great features around obviously the lp side and LPS having access to leverage on perennial but then also um you know High leverage like up to 100x um some multic collateral volts as well and um yeah the the stip has been like as I sort of alluded to uh just really helpful in terms and growing liquidity on the platform so now on V2 with the the make a leverage component the there's up to 19 mil in liquidity on the protocol and we've also seen like a steady volume growth past you know sort of 34 weeks as well averaging you know a 24-hour high of around 23 million which is um

something we've been happy with just to sort of start that flywheel between you know getting Trader feedback and constantly improving the product and continuing to um on on board liquidity providers as well um and in terms of the like LP risk on the platform form it's been great to see that declining as well um so over time the the steady Delta has been less than 10% and one of the great things about perennial like having this leverage component for makers is that you know a pro maker we've had different um you know market makers on the protocol more sophisticated operators who are you know earning you know north of 200% aprs before those up incentives even kick in bying at you know 5 six 7x

leverage which um which has been really pleasing to see and so far we've been allocating the stip pretty much 50/50 between these between takers on the protocol doing like time time weighted open interest rewards as well as um specific LP rewards for coming into the protocol with leverage um which makes the whole system more Capital efficient um in a general sense but yeah it's been it's been a blast to to be a part of um this program and yeah as I said that's been instrumental in terms of bootstrapping the protocol and starting to prove out a level of product Market fit for this V2 I would say especially you know I guess there's always going to

be a level of liquidity or you could always pay for liquidity with like the blue chip assets but we've also made an effort to you know bootstrap some longer taale markets and you know moving forward you know we'd love to continue to be you know one of the first protocols to have um you know assets as soon as they list or as soon as that they're available on Dex scener as a shitcoin um to have them listed on prenal as well um and yeah I guess in terms of some of the success stats of the the stip we've had about 250 million in volume um since things started and yeah launching markets on on a weekly basis you know we're up to roughly nine now and always interested to get community feedback on sort of what that

next Market is um yeah it's uh so far so good and the the road map is sort of only going to get more exciting for pren losers as we move forward during this this stip rollout we've also been undergoing like a v2.1 upgrade to Perennial as well so over the next couple of weeks our users can look forward to um Commodities um and FX trading on on perennial and we've been working with with a an article provider as well on some nft markets as well for like individual out search uh which for EXC release um as well as that you might might be aware that people have been launching new user interfaces on top of

prenal so we've got some great Partners in that realm with the buffer Finance uh guys who just launched launched own per and um of course the cryptox team who have been longtime supporters of us who have launched their own exchanges via prenal and sort of tap into uh cranial as the liquidity layer underneath and um you know as we sort of look to release all these new features we'll also be ideally adding um some more assets to our passive LP vaults introducing some exotic collateral types um introducing some of the features you know Traders have come and love like p&l sharing referrals and yeah constantly releasing new markets as well but yeah I believe

um happy to answer any questions but um I guess in the order of keeping things going my teammate Jacob's also um up here on the stage as well yeah hey hey what's up guys I work with AJ pretty closely a pennial just wanted to do a quick run through of uh kind of where we're at right now with this dip stuff kind of what we're doing um as AJ alluded to I mean the SBI has been awesome just to BR a ton of people in who were sitting on the sidelines now starting to use arbit protocols and perennial I think we sort of couldn't be um situated better here on the trader side we have you know 200% fee rebates and um and leaderboard rewards the 200% fee rebate is really interesting because it means you can basically get up to your full four bit base fee Reb rebed

plus some rebate on price slippage which means that like right now for a 500K trade after rebates you basically get no fees and no price impact so that's that's been pretty cool then on the lp side AJ looted this a little bit but there's LPS right now using leverage earning somewhere on the order of like two to 300% and uh with you know no leverage kind of um just our basic Vault product um we're looking at like 60 to 80% apy um and all those parameters have sort of been tuned by Gauntlet so it's been cool to see risk sort of reduce over time and um we have a couple updates in the product pipeline coming soon that'll uh that'll sort of bring the vaults even closer to delta neutral um and yeah aside from that we have a lot of Firepower behind us in perennial

things are just get started we'll have referrals coming out um an ambasador program and uh you know probably a lot more than there thanks guys for for coming on and yeah we heard of you guys through buffer so definitely doing good work and excited to see you kind of uh work underneath and on the on as a front-facing protocol as well uh tossing it over to Red from than GM sir how are you guys doing how and you're part of the back funding so probably getting your ducks in a row a bit um kind of what are you guys thinking to do incentivize uh the community as well as uh you know some potential collaborations in the Aram space he hey

J JM how are you guys doing TM sir thanks 5 Z yeah uh yeah so well thanks for having us uh I'm red from Tes as Andy introduced uh yeah as Tellies we received the CIP through the back funding program so really grateful for arbit Jam governance for voting that in otherwise we wouldn't be here with yall today uh but yeah we getting half a mill ARB token uh and that's going to be uh introduced uh very soon uh we still don't have the tokens in our treasury but soon as that is in we'll be starting with our usage uh proposal so basically what we're looking at uh we basically

got 140,000 R uh that will be given uh over 14 weeks for direct usage incentive um so these include global trading volume incentive incentive for Discount buyers uh to help balance the amm and then we'll have uh will your mark 200,000 ARB uh so about 20,000 per week for 10 week weeks um to uh pay for fee rebates so basically just to downgrade everyone's fee that will be uh obviously uh live on both Till's Market product and also on our Sports Market product uh such as overtime um yes that'll be pretty exciting there it will be pretty cheap

and we'll have definitely the best Vig in the game uh with this implemented and that'll be only an arbitr right so uh you can only only get uh these little those little bonus on ARB um so keep that in mind uh and then the next one up I think that's my favorite that's where that's where we really shine I will earmark 160,000 ARB token that'll be for trading competition incentive Focus uh really on trading activity on certain groups of markets such as Sports tournament and playoff right we got NFL playoff here coming soon a Super Bowl as well um so that's definitely something that will be

thrown lots of arbs at so I'm really excited to uh show up what we've been working on with that and then uh you guys know what's after uh Super Bowl in February well it's a basketball and uh March Madness which was always a freaking blast um so we're really excited to reveal what we do with these um but yeah so over time we'll have some incentive DA's Market will have some incentive all on arbitrum um so yeah that'll be that'll be a blast let go more aing fun for me and more rewards yeah yeah that's awesome yeah and app we can't speak on the spaces on desktop now I just that's what I'm doing now so that's bullish all right thanks

for having me guys thanks red we will continue having fun and sports dejing over on overtime um and then we'll keep this moving here um I think next up uh and to round out uh this panel that we have uh which is our fifth or sixth panel we've got Hubert from Stak Dow um Hubert you were you were also part of or Stak Dow was also part of the back funding proposal um so it's great that the arbitrum community got staked out in there um what are your plans to distribute the stip and how is your experience working in the arbitrum ecosystem hey everyone can you hear me

correctly yes we can okay no just first I would like to say thanks a lot for thanks a lot to the arbitrum community for for this grant uh we were granted 200,000 um up tokens uh to develop um the the curve ecosystem uh on St down on arbit from through or St do product which is built on top of curve um so yeah um for those who don't know us um St Dow is uh engages in the in liquid staking of of governance token uh our biggest uh product is curve and and CRV

liquid staking derivative uh which is called sdcb uh it's it's currently available only on Main net and uh so thanks to this stip we will make it uh available on Orit so that anyone on orbitum can uh can benefit uh from locking CRV without uh suffering the gas cost of going to main net and we will also use this um this grant to develop uh the depth of of Curves liquidity B arbitrum so that uh big trades of of stable coins uh can can have like the best execution uh thanks to Cur stab

subcontract and uh um a uh a new Dynamic from some of the uh kind of liquid Locker um Can Vibe and product to arbit which I am definitely mistaken but there's there's tons of ve projects but you know the the type of of uh of role which you guys could play AR some gets to be really interesting um so excited to see some of that play out yeah it's extreme interesting so I mean we are not a native arbitrum project curve is not a native Arbitron project as you may know it it

it kind of sometimes it's it's a bit difficult when you're not like a native project come to another chain um especially when you have like very good specialized project on the chain and so but but the product either like the the curve stable swap pools all sto liquid lockers they are great products and and we believe it will it will fit very well uh in arbitrum so again um massive thanks uh for granting us uh uh these are tokens I'm very excited about that we're glad that you you're here and able to toh play a role in the future and excited to see how that plays out