EntangleFi: The Next Chainlink And LayerZero Competitor?

Transcript

welcome back to the rollup High Roller Community as always nothing on the rollup is to be construed 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 hey guys what's up how are you all doing welcome to to another video to sh the side and today's video is going to be interesting because today we are going to talk about the T5 flywheel today we are going to talk about entangle five we are going to talk about very interesting things that they

are doing and specifically their text T we are going to talk about the photon messaging layer we are going to talk about data feeds their recent block post around Universal data which they are bringing and also lsdy and liquid WS we are also going going to talk about the nft collection which they launched called uh web verse nft uh what's the use of it and if you have to get one how you can get one and many more interesting things so you know without wasting any time let's get into it now the first thing uh that's uh a couple of months back in November if I'm not wrong uh Andy did this very interesting uh tweet uh regarding D5 flywheel uh now if

you don't know what is D5 fly will think of it like a domino effect One Small Change will run this whole cycle for a very interesting example uh here's the diagram One initial change that will happen it will uh it it will trigger effect a that will trigger property one that will trigger effect B that will trigger Property 2 and this cycle will go on and on and on a very basic explanation when the price of the op token increases this yield Farmers earn more protocols get more tvl and yield farmers are more inclined to hold AR and as everyone is holding AR the price

increases again yield increases because of that and this repeats aggressively until the Music Stops and this is what we call a D5 cycle now it can be positive and it can be negative it have already been negative in 22 and 23 so now it's the time for it to be positive uh so yes uh there there are good newses uh and there are bad newses but one interesting thing uh that andd mentioned in this blog post was entangle Finance it's an omnigen liquidity layer uh and they are doing many interesting thing to optimize liquidity within the D ecosystem and keeping the Flywheel spinning in a positive way uh for a

longer duration of time again uh he have also mentioned here that andley aims to unlock the compossibility of yield assents and opening up new refinancing markets uh while uh bringing liquidity among chains together Under One Roof uh and he then talked about many interesting things that I'll will talk about in detail later but yes uh this was my introduction to the school project called entangle fire who are basically customizable and inable data infra uh that is built for web 3 and institutions uh already 35 Plus DS are integrated 10 plus blockchain connected and 1.35 million plus test n transaction that uh and again as I said one thing

that I personally love about them is the text te the infra what they're bringing and let's talk about that first thing is Photon messaging L uh a cross chain messaging uh that's crucial for cross chain bridging multi-chain product if you are trying to be chain agnostic then something like this is required a good example of already existing product would be layer zero if you know uh layer zero is more like a cross Chain Bridge a layer that you can use to build a cross chain da just like that Photon messaging layer is one of those layers that uh anle finance and infra have built uh to so that you can create inable real world

assets Omni chain stable coin trustless bridging you can accept collateral on any chain for sales and auction such as idos build cross chain trading and like creat strategies and many more things like cross chain dep such as landing and borrowing and uh you can see the architecture of photon messaging layer here and this image clearly shows how it works where the user initiates a transaction in the dab the dab sends the transaction data to the Circuit then that circuit runs this proposal event uh and send it to the set of transmitters these transmitters and operation proposal to the controller controller

check the proposal and if it's good to go then it sends uh the valid event to the conductor and then conductor sends the operation data to the circuit and circuit executes the operation uh and this whole section is what happens and entangles messaging layer which is the photon messaging layer now again uh if you it well and good if you did not understood it uh you can always go through antigal docs but one thing uh if I have to keep it as simple as possible transaction gets done entangle uh verifies the transaction and sees if it's valid or not and if it's valid it send to another blockchain to execute the operation simple as that uh and one

most important how should I say pillars of this whole system of photon messaging layer are the transmitter and the conductors and the controllers uh you know transmitters and conductors these two are basically the agents who are going to do the more communication I'd say between the smart contracts and other lay L1 chains uh yes uh that's Photon messaging layer or cross chain uh you know secure cross chain messaging uh protocol that can be used to build all these cool things and uh if you talk about the availability of the photon messaging layer it's already a aable at ethereum arbitrum optimism mental polygon binance smart chain Avalanche

Phantom Multiverse X which is a non evm and say Network which is also a non evm and many more chains are on its way that are going to be there so that's good and the second thing uh which I liked about entangle is the data feeds now if you don't know what is data feeds uh see them uh okay I mean you know let me just show you this think of them as oracles there are external data sources that uh sends the data to the transmitter a set of transmitters to be honest uh the transmitters then send this data to uh they sign the data first all and then they send this data uh to the controller which is there in the entangle

blockchain entangle uh blockchain controller will check the proposal and then it will send ahead to the conductor and then the conductor will send the data to the Circuit basically the external blockchain uh think of them as oracles and you know to talk more about it I would let me show you this latest blog post that they have recently shared on 10 gen uh called Universal data what is universal data and how are they different everything is you to start with uh as it uh one thing that they mention is that they are launching universe data feeds as a new primitive uh to provide a Noel approach on how

developers and TS and smart contracts can inter with data uh but what's the problem with already existing Oracle well the couple of main problems is the data availability uh second is of course we can customize these Oracle as much as we want and a lot of time we get a lot of useless data or basically data that we can't use specifically we wanted something spe basically customization is not there uh cross chain limitation is there uh when the when we talk about data or in the traditional oracles they are they struggle to provide efficient data across various networks and then data authentication how do we know if this data is right or not if someone have tempered with it or not how who is

verifying it Etc ET Here Comes Universal data Universal data feeds uh offers a transportive approach to data collection by providing solution of all these problems it's unified collection and processing so dcent applications are now empowered to bring any data to from any Source across web to our web3 and developers can now write a module for processing and finalizing the data and select the scheme for dissemination inable so smart contract can use un Universal data across any chain or any source which I personally see as a very uh big strong point so you can basically seamlessly deliver data across both evm and non evm Networks

customizability no you don't have to change your product as per the Oracle you can change your Oracle as per your product basically you can customize uh it uh customize it for the data that you want the workflow that you want such as calculation and execution logic to suit uh the unique use case of your D which is a very interesting thing push and pull is also something that I like so what anal is providing developers with the choice of push or pull models for the data delivery uh now if you don't know what is push or pull uh I mean what does it mean specifically uh let me quickly uh tell you when we talk about push and pull think of it like

this I mean I'm not sure if you're developable or not and I'm not sure if everyone is developable so let me try to simplify it as much as possible okay uh in push all the data is directly sent think of it like that I would say uh so for example when you push push is basically data will come on regular basis and when you talk about push uh pull pull is when data will only come when a request is sent uh so for example uh in push even if I don't want data Oracle will be sending data to me actively on rly basis quarterly basis etc etc but in P

option Oracle will only only send me data when I will request for it that's like a quick differentiation of push and pull again uh these uh will be these oracles will be actively using NGL which is the native token of the entangle blockchain also as fees for all the data feed and all the fees will be distributed between variators transmitter agents and their delegates which is really good and again data security is there because it's going to be decentralized uh these are again uh if you want to talk about more in detail how does Universal data feeds work I showed you this diagram already but here is another view on it uh onchain offchain data sourer will send the data

transmitters will sign the data they will send it to entangle blockchain there a controller will check the proposal then it will validate it and it will send to the conductor and conductor will send it to the D uh pretty simple uh use cases are many one of them being the liquid WS that I will talk about later quickly then cross chain Dynamic gaming assets is an interesting news case with j b looking forward to real world asset tokenization my personal favorite uh and yes uh if you talk about end Engles 2024 road map they are going to launch their main net in February 2024 and they are set to support over 13 blockchain networks for crossin

communication and they're going to integrate 50 plus deps and yeah uh Universal data is going to be a strong point which they going to uh follow for most of the things so yes that is the again uh as I mentioned I will talk about liquid walls C this is something that I personally like and I want to talk about this uh with you guys now if you don't know uh liquid saking derivatives it's like a very big thing right now uh it have been such a big thing that it have emerged as a new sector in the cryptocurrency called LSD 5 enhancing the overall utility of the sticking mechanism now if you don't know what lsds are or what liquid staking

derivatives are uh a quick explanation would be every time you provide liquidity uh tool you get these uh uh how should I say liquid tokens and liquid stake derivatives are nothing but ways to overall increase the efficiency or use case of these synthetic tokens that you get or basically the liquid tokens uh that you get the lp tokens that's what LS LSD or liquid sticking derivativ are projects who are increasing the overall use SK and capital efficiency of these synthetic tokens as mentioned here now a very big problem with lb togens or liquid provider togens so the moment you

provide liquidity to any pool uh on a deck you get this specific token that we are calling LP tokens now there are projects that are creating utilities uh for the lp tokens by where you can stake your liquidity LP token and you can get rewards and all which is great the only problem is after you stake the lp token the user Journey ends basically there's nothing more that you can do and the liquidity is also not there C the liquid uh cu the lp token is also stti of course you getting all the rewards but still it's just sted and what to do with this well uh liquid vault is the solution and as per this article there

mentioning that liquid walls will unlock 14 plus billion dollars of assets uh through liquid walls now you know instead of going through all this things if I have to explain you in a very simplified way what liquid walls to if liquid walls uh will ask you uh okay okay uh how how should you know I want to simplify it as much as possible and I'm going to do this so yeah think of liquid walls like this entangle has created this liquid wall to solve this problem liquid walls will turn these LP tokens into this into lsds which are liquid sticking derivatives and then you can use these

lsds as a collateral to take a loan in any asset as you want yes uh this is like the best way I believe to explain this so uh what they are doing is again as I said without going in too much detail if I have to explain very simply if I have let's say 10 LP tokens I will uh provide them I will provide these LP tokens to these liquid walls they will give me lsds and then I will use these lsds which are which is liquid sticking derivatives as a collateral to get a loan of any crypto token asset token I want including stable coin uh which then I can use

whever I want plus I will be actively getting all the yield on my LP tokens and on everything else that is still and that's a good thing so I'm getting the reward plus it's also unlocking the liquidity through uh providing lsds which I can use as a collateral and then the whatever token I get after using as a collateral I will use that token to use more defi dabs so you know like that's like the whole cycle which is pretty cool and you know in a very simply simplified way that is liquid ws and it sounds very simple but it is very big solution and let's see how it goes

and what more thing it unlocks uh yes I talked about liquid walls I talked about faton messaging layer I talked about data feeds Universal data feed what is left one thing is left and that's web verse nfts uh now if you don't know anangel Finance launched the web verse nfts as a project to educate their Community about entangle Finance CU entangle Finance have so many different products variations like liquid walls is there Universal data feeds is there Fatar messaging layer is there and see these things are not as simple that anyone can understand and to make make the whole learning as simplified as possible they

launched this uh nft collection called uh web verse and these nfts the main purpose at least of these nfts is to educate you about entangle finance and the products which are there in the simplest and the most gamified way as possible uh that's like the main goal of webw to make the benefits of defi easier to understand and access through engaging narratives and nfps of course uh and if we talk about the utilities uh there are two kind of nfts by the way uh if you don't know uh there are viewers what 0.15 e and then there are agents worth 0.5 e so this is the expensive one

and this is not the expensive one now if it uh Supply is also as divided viewers are 4,700 in Supply and agents are 300 in Supply uh if it our benefits well with you holding VR nft you can get access to the liquid WS Photon messaging layer and data feeds and agents which is the expensive version and less in Supply uh you will get exclusive access to of course everything that viewer have in addition to that uh additional access to entangles public round which is very interesting and of course in addition to these extra benefits agents will be at a high higher mint price than viewers so basically if you want to sell the viewer

nft uh if you want to sell the agent nft it will be you will get more money simple as that uh again utility of NGL is also something that they are uh allowing so if you don't know what is NGL NGL is the native token that play a crucial Ro I mean crucial role in powering the whole entangles ecosystem some used cases as taking as a delegator or infr provider for Keepers taking as a validator or delegator for the entangle blockchain and utilizing entangle as a connected application gas fees on entangle that also uh you can only pay using NGL again uh as of now it's in testet but it's going to launches main

net in February as we read in the blog post and once again the whole purpose of web verse nft is nothing but to communicate and to educate about anang and engle's road map and engle's future plan cost uh they have also mentioned here I'm not sure where but they have mentioned that future projects are going to include a cross chain V3 deck it's going to include a cross chain launch pad a leverage yield farming protocol and the liquidity Lottery system and nft holders in the web ver will and are always going to get exclusive access benefits and information to all these things so you

know if you hold this nft well and good if you don't well whoever holds are going to get the benefit so that's the and I personally you know looking forward to uh to be honest what I'm personally looking forward to is uh Photon me messaging layer competing with layer zero and data feeds competing with chain link or a girl I mean that's going to be super interesting and let's see how it goes but you know the thought of using webw nft collection to educate people about entangle finances all these products very interesting thought and I'm looking forward to uh you know how

will it work out and you know will people be educated how will they get educated many more interesting things so I'm looking forward to it and yes guys that was entangle file we talked about F on messaging layer we talked about uh data feeds Universal data feeds we talked about liquid walls text checks web ver nfts I haven't missed anything I'm just thinking uh I don't think so but yes I guess one thing uh that I'm not sure if I mention or not that you can be a keeper so in entangle F there are two ways to dive deeper either you can be a validator or a keeper who is a keeper keeper is basically just safely bring data from any offchain or onchain

Source onto to the endangle blockchain that's it and distribute this information from entangle blockchain to end points which then look for consistent am Keepers before executing onchain actions so you know that's like keeper or validator you know you have to validate the data but yes uh other than that I don't think so I have forgot anything the revenue model of entangle is sure uh liquid W performance fees Oracle revenues and liquid optimization liquidity optimization performance fees uh they are all going to come uh staking rewards is there orle infra reward is there and Tangle ecosystem is still so yes all these are basically the revenue models through which endangle generates

revenue and yes that's the uh that's it for this video guys thank you so much hope you guys liked it got to know something new if you have any questions any doubts do drop them in the comment section I and the whole team will be happy to answer any questions and if you like the video then like comment share retweet let us know that you like the video and don't forget to follow tar Lo and the rollup Co with that see you guys next time till then bye-bye taada bye bye bye bye bye bye