Mini DeFi School | Use cases built on top of Morpho

Transcript

So here you go. Okay. Uh so thanks for coming today

uh for another session with MU and more especially related to the builder side. So we're going to explore the different uh use cases that has been built on top of Maro and also explore if you have any question and um any any chance to to take a look at different resources resources existing and uh and let's go. Yeah, I think so. It's okay. All right. Um cool. So let's start. Thank you. Thank you everyone to to join us again. Um, so I won't go into the details on on how Mo is working because uh I think we we did quite a good deep

dive yesterday. Uh let me share my screen and we'll dive into more into the integration side. Um so I will remind you about the Coinbase integration that I've been talking about yesterday. uh which is like one of the the largest integration uh like linking uh fintex to the uh defy word up. Can you see my screen just to make sure that I'm not uh okay perfect. So let's start. So um sorry for those that were yes there yesterday. Um I was talking about the Coinbase loan powered by Moro. Um but

I'll do a recap today again because I think this is a very important and interesting integration. So basically MOO is deployed on the base uh L2 chain. Um it's an Ethereum A2 uh that has been built by the the Coinbase team using the the OP stack and uh there's a MO instance on this and what Coinbase has released on top of Mofo is the capacity for Coinbase users to get access and um and draw some loans USDC loans direct uh directly through the the main app. So if you have the coin coinbase app and you were trading

coins on it, etc. Uh you can uh so it's only accessible for like 50% of US users uh right now. But uh in theory you you can um deposit BTC as collateral and borrow USDC. So how and and everything is just one one action. So how does it work? It's um it's built on like a three pillars that Coinbase has built to make this um this integration super seamless for the user. So one is the Coinbase has a smart wallet. So what is a smart smart wallet? You know you you may have a a typical wallet wallet that we call EOA

where you need to store your seat phrase in a secure way. um each time you need to act uh to do an action, you need to execute a transaction. So if you um if you want to deposit collateral plus borrow, usually you need like maybe two or three transactions to execute, which can be quite a gas costly. And with smart wallet, what you can do is basically like patch many actions together and send those this patch in one go and execute one transaction. Um, so it it makes things super efficient and and like less uh less gas costly. So they have that smart wallet which en

enable the capacity to for instance deposit BTC as collateral in mofo borrow USDC and then send those USDC directly back to the sunrise coinbase account of the user. Uh what does it mean is that then those USDC can be spent um by the user. So uh for instance imagine you have the coinbased credit card and you have borrowed some USDC. Now you can use those USDC to pay at your coffee shop like you like whatever your latte or or whatever you want. Um so it's extremely powerful. So it's using that smart wallet. Um it's also using the pass key

technology which is uh pass key is uh I don't know if you have an iPhone or something that uh you have that bio biometric ID when you scan your face etc. So with pass key basically it's a secure way um to u it remove the need for password and it removes the need for uh seed phrase management. So you don't need to get the the private key or the seed phrase and and put it somewhere else and a secure way. Uh it's just like you just need to scan your face to execute the transaction which is like drastically increasing the the the the UX and the on boarding of users onto uh the D5 space.

Um so that's another thing and there's um there's a a last thing which is pay master. Usually to execute a transaction you need if in your wallet. Uh but if you are a newcomer you you may not have if um ETH in your wallet. So one thing that Coinbase has done is uh thanks to the small smart wallet functionality they are kind of um uh uh sponsoring the transaction. So they are paying for the gas to execute that transa transaction.

So the the the user does not need to have those if in the wallet. Uh they just need to have like Coinbase uh BTC uh token in their uh Coinbase centralized account. Um so everything put together means that means that the user is just like with the main app I have BTC in my coinbase uh Coinbase account and in one click and can borrow USDC and get those USDC in my Coinbase account again and everything else is powered by Mofo everything is um fully um uh it's fully non-custodial you own the the wallet the Mofo stack is fully immutable permissionless as governance

minimize. So everything is non-custodial. So it's a very very interesting um uh it's a first of its kind integration and now there are many fintex and and centralized exchange in the the space that wants to reproduce uh that kind of uh of play and reproduce that playbook. So that's where the coinbased loan. I don't know if there's uh some questions. No, Arduino.

Okay. Okay. Um so let's go for the maker and spark integration. So uh maker um now it's sky actually they have been rebranded but um I I I I think you you may know the D token that has been rebranded to USDS recently. uh but uh DA is a pretty well-known and uh widespread uh stable coin peg to the US dollar. I think there are several billions in circulation right now.

So uh Maker and and Spark which is like a subdow from Maker um they were searching a way to generate revenue for the DAO using D and they wanted to lend D against several collaterals so that they they could earn interest on uh thanks to Bers borrowing those dice. Um the problem is if you want to earn interest you need to create a market and you need a lending protocol for that you need demand etc. So there there were two options is ever they drew their own uh own landing protocol or they fork an existing one but um uh there was like

the the have every free instance they already have that instance but it's pretty limited in term of collateral that you can you can list and it's pretty limited in term of um like the the risk exposure that you uh you're okay with and uh with more um at the end of the they selected mofu as infrastructure to create their uh their product. So basically they're deploying capital into many markets. So I don't know we can we cannot zoom uh but uh there's uh many market that are collateralized by USD uh and uh which is the Ephina asset. So, uh, Ephina is a a very big, uh, maybe they are in the top

four protocols on Ethereum right now. So, it's a pretty, uh, big, uh, big protocol and, um, they're deploying uh, cap uh, capital, they're deploying D into those markets and they are bor boring those dyes. Um I think right now we may have 800 millions of D deposited into those markets and at some point it was uh basically generating almost 100 million of revenue per year uh at some point on on on Moro. So it was a pretty lucrative uh like uh project that they created and they used the mofo markets and the mofo uh blue protocol as a

primitive and as a learning protocol to make this happen and what and and the cool thing is because mofo is fully mutable governance minimize once you create a market nobody can change it. So as a protocol as maker you really own the entire stack. You don't fear someone to upgrade the smart contract update the logic update the risk parameters of the markets. Um so it's a good insurance for for builders on top of mofo that you know that the the protocol will operate the same way uh over the the long term.

So yeah that's a that was a big uh big integration and again zero dev time zero cost just need to deploy the capital into those markets. Um another integration which is a bit similar to coinbase but uh this time not on the borrow side but on the earn side. SWborg is um crypto fintech where uh they're providing a very nice uh uh mobile application where users can deposit it assets, trades, trade crypto, crypto etc. And they wanted to provide a earn product that is directly um uh connected to the defy

space. Um so what they created is um a vault so a mofo vault that is created by gauntlet. So gauntlet is a risk manager that is creating uh overvolta and what uh what Swissborg did is they did a very nice front end uh with a earn just a button where users can click deposit or withdraw and it's basically depositing USDC into a vault that you can see here. So moro vault that is uh then reallocating that liquidity into moro market.

Um so the core thing about this is as Swissborg um what they wanted is to have a dedicated vault with a very scoped uh risk exposure. They they really care about the the their users and they don't want their user to take much risk. So they only wanted to deploy the capital into uh market that are like very safe. So uh they they are deploying capital into rapest e and BTC markets which are like a blue chip assets. So of course it's volatile uh but it's uh it's considered as very

safe and so they're dep deploying capital into those uh those markets from which borrowers can come here and borrow uh USDC against WTC or rapest Eve. Of course, uh, one of the cool thing with Mofo is, um, there's not only Swissborg and gauntlet USDC vault that is deploying capital into those market. There's also, um, the stick house USDC vault. So Steos is another uh risk uh risk manager and there's also block analytica USDC vault and those vaults are deploying capital into our markets

but also uh uh the the the markets used by the Swissborg uh uh uh Swissborg product. The cool thing about this is that is kind at the market level the liquidity is reaggregated in the sense that imagine uh stakeouts USDC vault is dep depositing asset into that WBTC USDC vault. Um and before that there were like borers borrowing the entirety um entirety of the the liquidity because now stick USDC vault is deploying

capital as well into that market that means there's available liquidity ever to borrow for the the borrower or to withdraw uh if you're a lender and but that means that Swissborg uh users now can also withdraw. So you can see that um even though the the vault are kind of separate, they're shared the liquidity to the extent they share the the they share the same markets. So this allows to this kind of thing like uh allows to to create earn product that are very

seamless uh very simple. The standard of the vault is the ESC4626 uh standard. So it's kind of technical but it's a a standard that extend the ESC20 token standard and the SC4626 is quite well well uh well known now by builders in the space and this is uh very it's very easy to uh integrate into other uh products. So that's for the Swissborg part. Uh, Moonwell.

Moonwell is um a protocol that uh that was um that was on base actually. Um and uh before they were you using a compound v2 fork uh and they they were running a learning protocol and but when they see they saw the the morphos uh morphos coming into base they realized that uh the the mofo instance was safer and a more flexible infrastructures because you create you could create a lot of new markets um without increasing the overall um like a risk of the protocol.

So maybe I can pause here and explain what is uh why is that if you take ex um over landing protocols such as a or compound it's a lending pool. So what's a lending pool is anyone can deploy deposit assets into that pool. uh so everything is mixed together and then users can come and borrow uh the asset that have been deposited into that lending pool. The problem is whenever you add a new asset you list a new asset into that protocol as a user as a lender you're basically exposed to that additional risk that represent that new asset. So

if I'm like I don't know landing on a then a is adding x sushi or I don't know any other asset that could be super risky. Now I'm exposed to that asset. Uh which can be annoying because maybe you're kind of land a l land lender that is super risk averse and you you would like to be um um exposed to only very safe uh safe markets and safe assets. You could have all uh you could also have like the opposite uh where you you very digent person uh but you and you weren't high yield with high risk as a counterpart but you can't because um

like it's a one size fitsful model that is pretty uh pretty much limited and and and and you can't have that uh that kind of system while on moro because the market are isolated and vaults on top can decide where to route the liquidity. You can create very safe vaults that are depositing users liquidity into very safe markets. But you can also create dig vaults that are um like chasing yield but of course um the it's riskier for the lenders and the lenders now they just need to okay what's what's my risk profile? Am I am I fine like u earning more yield but taking more risk or am I

better to just uh have a safer uh safer position. So you can do everything on mofo and moonwell re realized that it was very much uh flexible and they are kind of more on the riskverse side of things uh at moonwell and so they created vaults that are like depositing assets only into very safe markets and so they have created a e volt uh USDC vault and uh USC vault on base um and And they are deposit and those vaults are depositing capital into Morphos markets so that like B users can can

borrow uh and through the moon front end you can ever deposit into those vault but you can also borrow uh from those markets uh and they those vaults uh they take a fee uh on on those vaults and this fee is um is a um just like uh making revenue for the Moonwell DA. Uh so that's that's a cool thing.

Um oh that's um that's a interesting thing that has been built uh with with vault. So I was talking about vault a lot already. um how it is operated and how it is uh worked out is you have different roles on the vault. So you have the owner uh that own pretty much that own the vault basically and the owner can update pretty much everything in the uh at the vault level. So what are the the markets that are listed? Uh what's the fee the performance fee that is taken on on the interest that is generated uh uh by deposits. Um what is the

configuration of vaults and it can manage manage uh also other roles. So the over roles are the creator, the the allocators and the guardian. uh the creator is um a role that uh that is able to whitelist new markets. So whenever uh I don't know uh if you we take the previous uh previous market uh previous um slide let's say you are depositing into only those two markets but you want to whitelist a new market um then the creator needs to submit that to the vault and then after uh uh given time lock then uh the market

can be accepted to the vault. Why is there a time lock at the vault level for that that action? The the goal is basically to have the capacity to protect users. Um what you don't want is basically having um the vault managers to list like a very risky markets or um even like a scammy market. You want people to be able to react to that, right? So the time lock give the time to users to react in case there's a market with which they are not comfortable with so that they can exit the the the vault. Um so there's this creators

creator rule can add new market it's subjected to a time lock. There's the allocator role where the allocator basically reallocate liquidity depending on market conditions. So I don't know let's say there's 100 mil that have been deposited into that vault. Um maybe there's 60 mil that have been deposited in the first market then 20 in the second and 20 in the in the third one. um from time to time because the yield is changing on all those independent markets because you have one rate per per market. Uh maybe you want to move 10 mill from that market to the first one

because now the first one is yielding a lot more than the uh the other two. So the allocator usually it's a bot that reallocate liquidity depending on market conditions and and to offer the best risk adjusted rate to lenders um that are depositing liquidity into that vault. And there's a final role which is the guardian and the guardian is here like as the name is um is is saying it's here to protect users. Um so let's say there's a new market a scammy market that is um um that is list submitted at the vault

level and users don't want that market to be listed then the guardian can be set at the vault level and um and the guardian can revoke that action and one interesting thing that you can do is you could create a sort of mini DAO mini DAO at the vault level where depos users uh users of the vault have a say and could vote for re revoking uh a vault action such as adding a new market and so using Aragon which is DAO setup u so maybe I can go a little bit into the details but

With Aragon, you can create that kind of mini Dow where every users, every depositors, as individual can create a vault whenever there's an action at the vault level and and to revoke that action and that mini DAO is set as guardian and uh this is basically what uh so the the schema is a bit complicated but uh basically depositors of the vault. So here you have the moral vault uh which is called M with uh so it's a wrap if vault uh users deposit uh wrap if they get uh vault tokens so m with

um then they can wrap it again to to get the DAO token wrapper and then as a DAO uh DAO token holder what you can do is you have a voting power to um revoke pending changes at the vault. So this is a way where you can create uh fully non-custodial vaults with like some sort of counter power uh against um the um against the the creator and and the owner of the vault that have like that are in theory in control of the vault. But uh it's basically that the voice of the users here that can they

have a say uh using that um that system. Yeah. Uh so that's it on the integration side of thing. Um I think is question um not especially um could you could you describe one more um integration um that's related to the big way? Yeah. Um so that's a that's a good question. I I stop sharing my my screen right now.

Um so uh the big well was uh I think they get to grant I don't remember exactly what was the the number but so the big big well is um social u sorry social uh uh newspaper in the crypto space. Uh they're doing a lot of uh lot of work and and like publishing a newsletter as well etc. and they are searching for ways to uh generate revenue. Uh and but and they get this very nice idea of instead of having people paying each month uh like um a fee like a classical uh uh media uh what

they could ask is ask users to deposit USDC into a mor on I I don't remember if it's Ethereum or base maybe to to get and let's say they ask people to deposit 500 USDC though it seems a lot but user are still like owning that USDC and the and the big well would earn part of the interest generated by those USDC. So let's say I don't know let's say the vault is uh users are depositing into um uh USDC vault there's 100k at 10%. That means like each year this uh this would

generate 10k per year and maybe uh the big one would take 8% and leave the two 2% of um I mean 80% of the the interest generated for them and 20% for the user. So that's another way to create some sort of a revenue that could be explored by like here in this case a media but it could be like uh any other um like some sort of product where you could ask people to to just don't pay directly but perh pay through the interest interest generated on mofo. So that's a very good very good

question. Yes, like it's um because it's probably quite unique um to see that actually for Yeah. Oh, and I saw your message on on Munoa. Um it's true. They have a credit card and uh by the way, I can talk a bit more about how how does it work because it's super interesting. Um so the credit card is uh there's different ways you make you can make it work. So there's one way where you top up your wallet and you say, "Hey, I'm transferring USDC." And then you can spend those USDC by I think 180 countries with very low fees, etc. So that's a good very cool uh cool thing.

Uh but there's a more interesting thing where it's using MOU as back end. So there's two options in that case. Either you use MOU as a saving account. So let's say you have 10K USDC. You want to be able to pay with those 10K, but you don't want to leave them in a saving account that is yielding zero. So what what you can do is use monual solution that is depositing those USC into a the Moonwell vault. So maybe it's generating like 6%.

And there's uh there's you can activate some sort of automation where it's automatically uh drawing withdrawing liquidity from that vault whenever you want to pay. Um so that's the saving account um solution and there's the borrow solution where you let's say you have ETH or BTC and you don't want to sell them but you still want to pay for your coffee uh at your preferred coffee shop. uh what you can do is uh deposit those if or BTC as collateral on MOF and whenever you need some liquidity then it will just

automatically borrow on your behalf and send those USDC and fund your uh your account and and and you can pay with it. It's just like done. It's just a matter of a second. Um so it's very sim sim uh seamless and you just need to put some uh you can say uh put some some constraint on that and it's fully automated your uh like you own basically everything your position on moro um and then and and you can spend dollars or any other you can use also other coins like USD die whatever and it's automatically like doing the conversion to USD to pay. Um so that way you can

yeah like travel around and be like and have like a fully non-custodial um setup which is pretty powerful. Really powerful. Nice. Um and also just wanted to know more about um the targets um of of projects that you you are granted and so on like looks like it's more advanced projects uh what people starting from scratch on Moro.

Um so that that's that's true. Uh it's pretty much advanced project even though um like a new one. Um so we have been exploring grants. Uh we'll see how it goes. We need some feedback I think before uh reiterating this. Uh but we've been funding also uh front end providers. For instance, right now there's um uh a proposal to uh fund Pepper Tip which is um a company that is uh providing dev support for Dows etc.

and they've been built uh they they've built a front end for MOF for because we are deploying to many networks currently. So I think now MO is maybe on a dozen network obviously we don't have the the the bandwidth to support all those networks in our main app and with full support etc. So we have something that we call lightweight deployment where we just do the minimum like we deploy the smart contract the D is the owner and that's it but we let builders build product on top of MOU and so paperclipip for instance is uh is building a front end to access mofo uh we have also u a cool um uh gfx that is

doing this and we there's a bunch of team like building a product on on top of this uh we have even like the compound labs that now it's is building an interface because they are running vault on top of mor and polygon. So those are the nice things because it's fully permissionless and uh because the governance the morow cannot upgrade you sure that the the smart contract will still continue to operate and you can can tap into morphos liquidity. So which is a great thing if you if you if you're a builder and you want to offer a saving account to your user or at least a way to generate he then you can go uh and

and build on top of mofu and and check the documentation how it it is done and and and and start working on on this. We have SDKs, we have APIs uh that just smooth out all the work. Um so so yeah and like on discord people can ask questions. We have like at least pretty much answering any question uh is is like I think he's in two years he he hasn't uh like missed even one day of like answering questions. Um so if you're free to to jump in and and if you have any any technical questions.

Um but yeah for the grants we we'll see many projects have been funded u that way recently. Uh maybe I can in the forum can find a link and and and this can give you some ideas on Yeah. You have like a wish list of projects that you who want That's a good question. Uh, what could be my my wish list?

So many stuff. I I I really um I really think like having things that are attracting the away the complexity of being on board into the DeFi space is one of the key very most important thing in right now because of course like I mean we're a stronger advocate of the permissionless aspect immut immutability of smart contract governance minimized and and just relying on immutable tech as much as possible. But of course, not everyone wants to have like non-custodial setup uh because it's cumbersome or you need to like do the

effort. It's I mean it it requires some effort and not everyone has the time to spend on those kind of things and and just you have people or like my grandma like I don't think she wants to to spend whole her whole afternoon like setting your ledger or whatever. So the important thing is also to build the tool that are like matching those expectations uh which are based maybe on like uh EIP 70 uh 7702 or the smart wallet counter abstraction that are like kind of smoothing uh the on boarding of users into the defy space and I think this is

the only way that we can uh grow the pie for everyone is to build those uh access point that are easy and and and and and yeah really improving that uh that UX makes sense. Totally sense. Um there are a couple of question just one articles I need bridge. Is it a question?

Ah I have a question. So I'm I am deping different. I'm not sure to understand the question. I'm sure understand too probably if you can reformulate Andrea and uh yeah could do could we talk as well to more about more for itself like the the core team um yeah sure I have a slide actually um so hiring actually I can drop a link but we are not hiring a anymore uh because we've been but uh

still I think if you have like um um if you're interesting in joining us like feel free to um up so you are like hiring more in the US side now um So I think we're pretty much done on on the de side. Uh but yes, it was on the US side. Why? So more for we have an office in Paris. Uh we are opening an office in New York as well. Uh we are kind of like on the two pretty much on

the two time zone like European time zone and US time zone. But we have people so in France, in the US of course, but also in Berlin, uh in Argentina, uh where as well, uh in Lisbon, uh I mean in Portugal. So we have a bunch of people like that are like it's not decentralized, but we but we also have this um office. We think it's super nice also to work together and and create bonds together. uh create a real culture uh seal each other create relationship uh and also uh it's more efficient usually to be like to work

live but it's not uh with flexible so it's not a constraint and we are not forcing anyone to to to be on site um so that's um that's a thing we have like uh different teams so the protocol team that is doing the the protocol design we have the core of team which is basically um supporting I mean creating those um those integrations uh thinking about go to market how to make the most of uh Morus's cap capability we have the ops team which is helping basically like the whole company to work uh so it's like HR uh legal all those kind of things that are like not

really focused on I mean specific to more Well, it's like usually all companies have those uh that kind of things internally and and the goal of it is to make sure that the engine and the the the whole company is like up to speed and and uh going uh yeah going full speed basically. Uh we also have the marketing team which is doing communication thinking about the branding. Uh like if you go check the the landing page this is also marketing.

Uh by the way it's really the the landing page is really nice. Um and and all the communication and and also articles that you can see on the blog or on on on on Twitter on LinkedIn whatever the the the support. So this team is doing this. Uh we have the engineering team. Sorry, how many are you actually? Uh between 30 30 40 something like that. It's it fluctuates like um so it's pretty big but yeah I don't know. Uh um um Mofo is not open source right now. uh it it is I mean the morpho protocol has a business license until we switch on

the fee and then it turns like fully open source so you can't fork uh the latest version you can fork the previous one uh but the the if you want to check the code etc you can like uh everything is open on the GitHub on on chain as well um yeah and the other question please send MOU is in different protocol. I I will need a bridge to integrate between them. Um so I'm not sure I understand fully the question but each moro instance is indeed isolated. So we deploy a more for instance on Ethereum, another on base, another on polygon.

They're not linked together even though there's way to bridge liquidity from one network to another within one transaction and there are like plans to do to offer that. Uh that's true. You need to bridge asset. Uh so it's not fully abstracted yet. So coming back to so sorry I answered the questions. Uh but coming back to what I'm saying was saying so there's the engineering team which is like the biggest team where this is the team that is shipping the the front end the different apps that is building the infrastructure the API so that like uh we can serve data to users on the front end and this is something

that is quite underestimate like the the the cost in term of human resources but also like in term of like infrastructure resources that needs to be dedicated to that. Um this is quite related to what web two startups needs to do to be honest when they need to serve a great number of users. Uh right now like there's several um there's more one than 100k users on on base for instance. So you need to have like up time and good up time etc. So you need to a lot of resources on that front. And there's the integration team which is uh which I'm leading uh which is basically here to support the MOU ecosystem from the tech

point of view. So whenever there's a an integration happening on MOU or people asking questions or um yeah and whatever that is touching the the more focus system my team is here to pro uh provide support and help them and remove any hurdles that could prevent them to to build their product on top of MO. Well um for the fun fact I know more for since the beginning because with Matis and Paul we were at cryptosphere. So it's fantastic to see the growth um that you have done. Oh yeah doing all this year really congratulation for that. I

think uh your team is like one of the most involved uh to ship really fast um and really great um stuff. So, congrats for that. And yeah, yeah, we we've been like trying hard to like ship as fast as possible, but also like at the smart contract, security is our number one like priority. So on the smart contract side, we take our time before shipping things. On the the app side, we'll we've tried to improve the shipping pace as much as possible. So that's why we have hired a lot of uh engineers recently to scale that that side. But obviously if

you increase the shipping pace, you'll increase bugs that happened. It's human etc. So we faced like some backlash. I mean, people complaining on on on like because that there were bugs and and it's annoying and I do understand that. I I'm annoyed whenever there's a bug in on an app that I'm using, especially when there's money involved. It can be very stressing for people. So, we really trying to make things like um yeah, the best uh best we can do. Uh obviously like there's some errors, but we learn learn from them. uh we try to hear and and and understand like users. Uh that's why it's important to to go on the

discord and if there's anything that is not clear like just provide feedback. Um yeah uh that's the only thing I can say. Thank you. Um and one one question one more question more related to what what would be your advice for someone a web to developer that is started in web swift that that's um that's a good question because it's been a long time since I haven't u I mean that I went into the space uh so I think first be being curious is like so important uh when you're discovering it uh

because of course there's content uh but if you really want to make it in that space and I think it's relevant for any space that you want to enter you really need to push yourself further and further and to really understand like what's how it works what's uh the values behind that space uh why are you doing this why people are behaving behaving this way. Why are like things are like that? And I think being curious is really like something that will like you won't feel that you're working hard because this is something that is just you're genuinely genuinely like happy to learn more about those those things. And

I think it's like a very good engine and and good driver uh to to learn and and and go really deep into an ecosystem. So if you can foster curiosity is I think one of the very important thing and and and then there's like a I think now there's many tutorials there's like very good content uh on on on like if you check like a Patrick Collins uh uh videos etc those are great about security those kind of things if if this is something interesting for you um I mean there's great content out there uh read as much as possible um and and and and just be immersed like ask

questions go into discourse um meet people if there's anaton nearby your place or it's if global acon are almost everywhere on that that globe so just go outside and and and and meet people I think just the best way to enter that space and and you'll meet like very very passionate people along the way that are like sharing their experience and they they are here like to to create value right and and I think this just like so motivating to to meet those people that then after you'll just enter and never uh never get out of that space. totally

agree on our side we are um pushing people to do for example some open source contribution to complete siph video like you mentioned okay yeah so we are really focused on this side and then after that going to so probably if moro has some open source repo that we can contribute to or try it try to solve issue we will be happy to to do it Okay. Okay. Um so we have some open source repositories but I mean contract are immutable. So one one of the problem of immutability that when deployed you

can't you can't update it. Uh but uh but uh but yeah anyway it can be at least a good source of inspiration because I think moro smart contract I mean the moral protocol is like moral blue uh if you go on GitHub it's super simple to understand it's like I mean you can even like ask yourself like oh my god like researchers or like protocol designer I paid for like doing such simple thing but it's just like it it's taking such amount of time to um reduce things to really the core features and the very necessary one um that are like like the

the strictly necessary one. Why why we do that is because smart contracts I mean on war for it's holding six billions of deposited assets. six billions is like a huge it's a huge honey pot, right? And and and everything everyone can check the code and try to find a vulnerability a flow in that code. So you really want your code to have like zero critical zero flows in that. And so the best way to do this is to reduce the attack surface to um to the minimum as and and this is why we have like a minimalistic approach of designing smart contract. is we really want to have only the feature that are

ne necessary to make it work, no more because if you put more, you're just like increasing your attack surface and the your likelihood of being hacked. And this is something that is super important um if you want to create defy protocols. Thanks for all these tips. Um and yeah, don't hesitate if you have any question. It's the end actually. Yes. It's the end. Um, thanks a lot for all this session.

So, tomorrow tomorrow uh is not going to be more for itself, but it's going to be somewhere. So, from the forecaster he's like a developer core developer from forecaster and he going to showcase the mor frame that is created. Yeah, it's quite it's quite a very interesting uh thing that you can build using like different building blocks like F custer um the D5 word represented here by Mofu and you can mix social with DeFi and and do stuff that are like super impressive. So I do think it would be a very interesting uh very a very interesting call. Yeah, it will be

like a end end on practice practice exercise for everyone. But yeah, we are diving the frame the frame aspects itself. Thank you again. Um and um I will share the different slides about what happened during this two days and and yeah all good. Oh, thank you Selena again for for your time and thank you everyone. Uh, have it a very nice day. Bye-bye. Cheers. Yeah. Bye-bye. Thank you.