How will composability disrupt Wall Street?

Transcript

hi everyone so um the session starts thanks for waiting and thanks for coming um the talk is from furugambo we are a d5 protocol to optimize optimize your crypto wealth um so hello everyone my name is trenting chu i'm the ceo of dingo company um bingo company is a company that focuses on financial technology in the past around like 2014 to 2017 we built financial system in the usa and then after uh we built the financial system we feel that okay blockchain is the technology that will really uh change the whole financial world so we

somehow like a pivot or we change how we you know build product uh to use blockchain technology we built a lot of different blockchain products since 2007 all the way from a dax to a bridge and our like super popular super famous product is through combo fruit combo is basically an aggregator that connects to most of the major d5 protocol and help the traders they can aggregate they can perform their trading strategy within one transaction in one website and also this is my third time attending the future of friends so thanks for having me here today's topic will be

like really scary but not that scary how will compass ability really disturb uh wall street so before we talk about combustibility wall street and then disrupt let's say [Music] in the past two years when we are working on d5 and a lot of time we will say oh d5 is programming money d5 is uh has compatibility so it's you know better than the traditional finance but the honest or the truth is traditional finance that also has comp compass ability and i think everyone knows that 2007 2007 we have a like a global wise financial

crisis this is just like caused by the compassibility in traditional finance so it's way more crazier than how we do compressibility in d5 but okay we say compressibility is way more interesting crazy or you know fun in in traditional finance then is d5 is still the future are we going to still like working on dfi or should we back down traditional finance i think this is a really good time to think about this but the answer will be yes i think d5 is still the future so um in following maybe like 20 minutes we will explain how we see

the compressibility and how we can leverage that to well indeed space so i think the biggest difference between decentralized finance and traditional finance is the permissionless compressibility in the past if we want to initiate a financial crisis we have to work in a bank we have to have a bank or we need to be a government people right like so you are not it's not anyone it's not anyone in the room you can you can you can do that you have to get a lot of training to do this but in d5 we don't we don't need that right like everyone you can do anything like anytime in default world

so permission list is the very important difference between d5 and traffic so anyone who has got you can participate in d5 and you can you know build your strategy you can leverage you can build a position let's say you can say uh you deposit your die to ave and then when you get a die you put it on unit swap so you got that double u this is pretty simple right but you can all the way go crazy to st eth so you know the the story related to sd st edh is always interesting and then the story is still keeping keeping on right now so anyone who has got you can participate so this is permissionless

of course if you are smart and then you are you know you have the knowledge to write solidity like you guys so you can still you know build your own advanced smart contract to uh do some smart tricks like very advanced trading strategy in d5 world but not everyone is so smart not everyone has the ability to write smart contract right so that's why we built through combo so through combo is like a no code ui for like all the people even though you are an experienced developer if you don't have time you don't you just want to you know having fun or something like that you can use our like website to perform your trading strategy

that within your might so i'll take some for example um you can do maker self liquidation on fur combo like to um the truth is a lot of people are using through combo to manage their position no matter it's on compound ave or maker yeah that's the most popular one and also you can short different tokens on through combo not just die yeah and of course you can use flashlight to do the leverage that's also very popular on through combo if you don't know what kind of strategy you can perform in defy we have a database so this database is that we collect every transaction happening up

through combo or might happening you know we can perform that on full combo we collect them and then build it as a database for people to explore oh okay i can use root combo to do this kind of trick that kind of trick so this is our database and of course like not just normal user if you are experienced developer you can use our developer resource to build on top of full combo we have already connected to major d5 protocols and we have built some elements for if you want to do transactions and token or claim something or like auto farming something like that

we have all the elements that you want so you can just simply visit docs.through combat.app to see how you can build on top of it so what else factor make d5 better than the trend five because we're talking about okay the compressibility will disrupt uh wall street that means device is better than the surefire so number one more options for the users right for example most of my time i live in taiwan but i cannot buy usa stocks like that easy i need to register a mystery account and then wire my money got charged a lot and then finally i can buy the tesla stock but in device

i just go to uni swap i just go to binance and then i can i i don't even know does the token have a nationality so i just bought it and put it in my wallet so more options for the customer they can choose the best product on the planet it's not just you know what your bank offers to you and also for the banks or for the companies they have global clients they don't have to worry about is the market big enough say taiwan is like smaller market compared to france or for the usa but if we are locating taiwan but we do defy we still can acquire the customer around the globe and the transaction amount is like huge the third is lower cost so lower cost for many people for normal user you

don't charge hidden fee from the bank or you know what exactly you are paying for you know gas you know is there a price and for the company you uh to operate a d5 device is simply it's like a financial product that you know within the bank but using the modern technology to build it so for the company it's easier for them to maintain and to estimate the cost everything is very efficient and the third is for the regulator because everything is on chin so you don't have to worry about because when we passed in the past we built financial system and then every month we need to upload all the transaction history like you know as much as possible to the to the government no matter it's in usa

or any kind of government if you do payment you have to do this all they want is to check are you are you providing service to the terrorists but right now everything is on chin so the fbi the cia or the regulator if they want to check the transaction history they can just simply open the ether scan to see it they can see the like you know most detail as i do so everything on chin and also a very sexy part is called this law so um like recent news a lot of companies they are using their customers funds or they are using the fund doing the the thing that is not within their scope or it's not in the contract so that's not good

but indeed fi call is slow so if you read a call you'll know okay how are they going to use my phone how are they going to deal with it what's my privilege so if you deposit money in you can simply estimate like you know what will you what you will get so i think that's very good for a regulator you don't have to have a lot of laws just to protect the user to protect the company because like you know blockchain is protecting everyone and no matter how complicated it is you can always see uh the what's inside right uh 2007 the financial crisis the the the most important part is like people don't know what they are buying so a lot of risks are inside and it's too complicated yeah

even though like 99 of the people they will not read the code even it's undefined they will not read it or they don't know how to read it but at least we give you a choice to read it so if you want to really know what's the risk or like what how to manage your risk in d5 you can just simply read the code on ether scan and last but not least everyone has the ability to initiate the financial crisis now this is just kidding but i think a lot of you know things that is making d5 better than a traditional finance so yeah i think i do think that d5 is eating tradify but slowly but how can we like really bootstrap uh

you know the d5 eating trade fight from our perspective is we want to enable like everyone like really permissionlessly to you know do something on d5 so let's say you are a experienced trader no matter you works for a bank or you are a convenience store owner if you know how to make profit in d5 you have the idea you can just like go to through combo we have the first product which is our like super famous one the most famous one is our drag and drop create mode so if you go to through combo create you can simply just like you know just like building ifttt zapier or building your

like childhood lego just put everything together and then send it out when you send it out and it's all done you don't have to visit so many different websites like go to uni swap we throw it go to our deposit and then maybe you want to do leverage you have to do multiple times so everything on through combo is like one transaction very convenient so this is the through combo create for the traders so you can you don't have to work for a bank you just sit on your you know open your laptop and then visit through gumball you get it and for the full combo we connected to 19 different major protocols on ethereum and polygon that's basically the most popular one

but we know there are a lot of good good protocol that we haven't integrated so we are still trying hard to integrate new protocol for our users to use but still we have to consider the security risk so yeah try to balance security and speed and also alpha combo nobody has ethereum or on polygon we have 74 different actions available that means that you if you have die or if you have usdc or you have east any kind of asset you have you have 74 different way to use it at least 74 and also we have around like thirty hund thirty thousand uh different

trading strategy performed on through combo so if our trader you can go check it out the through combo create and the next will be through combo invest so create is our first product we want to serve those people have an experience that you know they want to trade in d5 but they don't know how to coding or they want more efficient so we built fuel combo create for them but after that we think okay so experienced people are just you know not that many and then we want more and more people they can enjoy d5 but not everyone knows how to you know survive in d5 get profit in d5 so we are turning those people that who

know how to use fuel converter create or who has the ability to get profit in d5 we help them to set up a fund for themselves um let's say i have a a lot of my friend knows like i work in d5 and they'll always ask me is it time to buy bitcoin or ethereum and also they say okay can i give you money and then you invest for me yeah um i tried like one or two to two times but a lot is like troublesome the trouble thing is not to you know manage their money is they often ask me like what's the profit right now is it my money getting bigger

or what what what do you do to my money so in on a full company invest you can simply open the fund for yourself to manage the you know you if your friends giving you money you can you just use this website to manage everything you can yeah so your friends can just simply visit this site and then see their roi see what kind of trading strategy they are doing yeah so furu combo invest is for those people who has trading experience and for those people who don't know how to survive in d5 they can just like met each other and then get profit so we say if

d5 want to beat traffic the key point is permission list compatibility so permissionless means everyone so if you are a trader you can go to full combo create if you are a trader and invest or investor university that means that newbie or you have money you want to make it bigger you can use through company invest and why do we you know speak here because we want to cooperate with developers we think that in the in the past we made a lot of different products and tools for end users but developer is always a very good partner for full combo and then a lot of them

are asking do you guys have an api system or how can we build on your smart contract infrastructure so we are thinking and we are exploring to have a full combo developer so full combo developer is basically like two part one part we will have an api system you can use like python or use use a react way like your you know web two way to interact with the d5 without knowing how to write smart contract and then you can still like build your own depth and the second part will be like harder or more advanced is to interact with our smart contract directly so yeah we will um organize all the information like the

api the smart contract we have and we will put them on our document center yeah so if any developer is interested to build on through combo leverage our infrastructure feel free to visit the site or feel free to dm me talk about your needs your idea like how we can cooperate together something like this and then the benefit to use our code base is basically our code base can cover most of the action that you want to do in device space send token swap or any token deposit into any vault something like that

and most importantly this code got verified by different uh audi firms so i won't say it's not i won't say it's 100 secure but at least it's more secure than if you just write it and then deploy it so yeah i think it will be a very cost efficient way a faster way for the developers to just use our code and build on on top of the infrastructure just like you want to work in ethereum but you don't invent or build another ethereum you can just use the ethereum yep so this is through combo and this is my twitter account feel free to reach out to me we have a

booth at the third floor just this floor and then we have a cool badge if you visit us see our twitter you will know how to get a cool badge thank you any question hi thank you for the presentation very interesting do you have any staking on the platform yet yeah we do have a staking platform you mean the pos staking or it's us lp oh no we don't we don't have appeal staking right now but yeah there are a lot of people are suggesting us to

set staking as a trading strategy so we are thinking about that as well yeah but another kind of staking is decoding mining staking we do have a whole infrastructure for the staking so any project they want to launch the liquidity mining they want to stake their token no banter is a erc20 token or it's an lft we do have a system called chevy t-r-e-v-i um yeah so you don't you don't yeah pretty advanced anyone else okay thank you [Applause] you