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[Music]

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GM<00:00:13.599><c> everyone</c><00:00:14.559><c> today</c><00:00:15.320><c> I'm</c><00:00:15.519><c> going</c><00:00:15.719><c> to</c><00:00:15.839><c> be</c>

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GM everyone today I'm going to be
 

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GM everyone today I'm going to be
talking<00:00:16.480><c> about</c><00:00:17.000><c> the</c><00:00:17.119><c> Butterfly</c><00:00:17.680><c> Effects</c><00:00:18.320><c> and</c>

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talking about the Butterfly Effects and
 

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talking about the Butterfly Effects and
paradoxes<00:00:19.960><c> of</c><00:00:20.240><c> account</c><00:00:20.640><c> abstraction</c><00:00:21.320><c> in</c>

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paradoxes of account abstraction in
 

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paradoxes of account abstraction in
defi<00:00:23.039><c> imagine</c><00:00:23.560><c> this</c><00:00:24.240><c> in</c><00:00:24.599><c> 2018</c><00:00:25.599><c> Unis</c><00:00:26.039><c> swap</c>

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defi imagine this in 2018 Unis swap
 

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defi imagine this in 2018 Unis swap
introduced<00:00:27.240><c> the</c><00:00:27.400><c> automated</c><00:00:27.960><c> Market</c><00:00:28.359><c> making</c>

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introduced the automated Market making
 

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introduced the automated Market making
model<00:00:29.560><c> a</c><00:00:29.720><c> smart</c><00:00:29.960><c> SM</c><00:00:30.199><c> contract</c><00:00:30.920><c> that</c><00:00:31.039><c> runs</c>

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model a smart SM contract that runs
 

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model a smart SM contract that runs
billions<00:00:31.920><c> of</c><00:00:32.160><c> dollars</c><00:00:32.439><c> of</c>

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billions of dollars of
 

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billions of dollars of
transactions<00:00:34.719><c> daily</c><00:00:35.719><c> this</c><00:00:35.879><c> single</c>

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transactions daily this single
 

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transactions daily this single
Innovation<00:00:37.040><c> became</c><00:00:37.399><c> like</c><00:00:37.520><c> a</c><00:00:37.640><c> Cornerstone</c><00:00:38.280><c> of</c>

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Innovation became like a Cornerstone of
 

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Innovation became like a Cornerstone of
defi<00:00:39.320><c> setting</c><00:00:39.719><c> off</c><00:00:39.920><c> a</c><00:00:40.039><c> chain</c><00:00:40.600><c> reaction</c><00:00:41.600><c> of</c><00:00:41.800><c> new</c>

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defi setting off a chain reaction of new
 

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defi setting off a chain reaction of new
protocols<00:00:43.440><c> in</c><00:00:44.120><c> defi</c><00:00:44.600><c> Lego</c><00:00:44.879><c> blocks</c><00:00:45.320><c> in</c><00:00:45.440><c> form</c><00:00:45.680><c> of</c>

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protocols in defi Lego blocks in form of
 

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protocols in defi Lego blocks in form of
composability<00:00:46.559><c> and</c><00:00:47.559><c> that's</c><00:00:47.840><c> essentially</c><00:00:48.559><c> the</c>

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composability and that's essentially the
 

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composability and that's essentially the
butterfly<00:00:49.320><c> effect</c><00:00:49.879><c> in</c><00:00:50.320><c> action</c><00:00:51.320><c> incremental</c>

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butterfly effect in action incremental
 

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butterfly effect in action incremental
technological<00:00:53.079><c> decisions</c><00:00:53.960><c> leading</c><00:00:54.359><c> to</c>

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technological decisions leading to
 

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technological decisions leading to
massive<00:00:55.280><c> ripples</c><00:00:55.879><c> across</c><00:00:56.239><c> the</c><00:00:56.359><c> entire</c>

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massive ripples across the entire
 

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massive ripples across the entire
ecosystem<00:00:58.120><c> let's</c><00:00:58.399><c> fast</c><00:00:58.680><c> forward</c><00:00:59.000><c> to</c><00:00:59.160><c> today</c><00:01:00.239><c> we</c>

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ecosystem let's fast forward to today we
 

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ecosystem let's fast forward to today we
stand<00:01:00.680><c> at</c><00:01:00.920><c> another</c><00:01:01.280><c> edge</c><00:01:01.480><c> of</c><00:01:01.840><c> transformative</c>

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stand at another edge of transformative
 

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stand at another edge of transformative
shift<00:01:03.640><c> account</c><00:01:04.320><c> abstraction</c><00:01:05.320><c> on</c><00:01:05.439><c> the</c><00:01:05.600><c> surface</c>

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shift account abstraction on the surface
 

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shift account abstraction on the surface
AA<00:01:06.600><c> might</c><00:01:06.920><c> just</c><00:01:07.080><c> seem</c><00:01:07.439><c> like</c><00:01:07.799><c> a</c><00:01:08.080><c> technical</c>

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AA might just seem like a technical
 

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AA might just seem like a technical
optimization<00:01:10.080><c> another</c><00:01:10.479><c> EIP</c><00:01:11.159><c> another</c><00:01:11.960><c> EIC</c><00:01:12.960><c> but</c>

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optimization another EIP another EIC but
 

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optimization another EIP another EIC but
beneath<00:01:14.040><c> that</c><00:01:14.479><c> there</c><00:01:14.759><c> lies</c><00:01:15.040><c> a</c><00:01:15.240><c> potential</c><00:01:15.600><c> to</c>

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beneath that there lies a potential to
 

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beneath that there lies a potential to
reshape<00:01:16.520><c> how</c><00:01:16.759><c> users</c><00:01:17.360><c> actually</c><00:01:17.720><c> interact</c><00:01:18.200><c> with</c>

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reshape how users actually interact with
 

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reshape how users actually interact with
these<00:01:18.520><c> T5</c><00:01:19.079><c> protocols</c><00:01:20.079><c> from</c><00:01:20.320><c> simplified</c>

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these T5 protocols from simplified
 

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these T5 protocols from simplified
wallet<00:01:21.720><c> experiences</c><00:01:22.720><c> to</c><00:01:23.000><c> seamless</c><00:01:23.560><c> gas</c>

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wallet experiences to seamless gas
 

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wallet experiences to seamless gas
management<00:01:24.840><c> AA</c><00:01:25.360><c> can</c><00:01:25.560><c> remove</c><00:01:25.960><c> some</c><00:01:26.119><c> of</c><00:01:26.280><c> the</c>

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management AA can remove some of the
 

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management AA can remove some of the
most<00:01:26.680><c> frustrating</c><00:01:27.240><c> Dy</c><00:01:27.680><c> ux</c><00:01:28.079><c> challenges</c><00:01:28.920><c> that</c>

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most frustrating Dy ux challenges that
 

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most frustrating Dy ux challenges that
plague<00:01:29.439><c> the</c><00:01:29.960><c> ecosystem</c><00:01:31.000><c> today</c><00:01:32.200><c> however</c><00:01:33.200><c> as</c>

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plague the ecosystem today however as
 

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plague the ecosystem today however as
with<00:01:33.600><c> any</c><00:01:33.880><c> transformation</c><00:01:34.640><c> Innovation</c><00:01:35.520><c> AA</c>

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with any transformation Innovation AA
 

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with any transformation Innovation AA
brings<00:01:36.159><c> its</c><00:01:36.320><c> own</c><00:01:36.560><c> set</c><00:01:36.759><c> of</c><00:01:36.960><c> challenges</c><00:01:37.920><c> and</c>

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brings its own set of challenges and
 

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brings its own set of challenges and
paradoxes<00:01:39.399><c> how</c><00:01:39.560><c> do</c><00:01:39.720><c> we</c><00:01:39.880><c> improve</c><00:01:40.399><c> security</c>

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paradoxes how do we improve security
 

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paradoxes how do we improve security
without<00:01:41.720><c> compromising</c><00:01:42.280><c> on</c><00:01:42.439><c> the</c><00:01:42.920><c> usability</c>

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without compromising on the usability
 

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without compromising on the usability
how<00:01:44.079><c> do</c><00:01:44.240><c> we</c><00:01:44.399><c> ensure</c>

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how do we ensure
 

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how do we ensure
decentralization<00:01:46.360><c> while</c><00:01:46.600><c> seamlessly</c>

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decentralization while seamlessly
 

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decentralization while seamlessly
offering<00:01:47.880><c> web</c><00:01:48.119><c> tool</c><00:01:48.479><c> like</c>

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offering web tool like
 

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offering web tool like
ux<00:01:50.600><c> and</c><00:01:50.799><c> how</c><00:01:50.920><c> do</c><00:01:51.079><c> we</c><00:01:51.200><c> Foster</c><00:01:51.840><c> innovation</c>

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ux and how do we Foster innovation
 

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ux and how do we Foster innovation
without<00:01:53.159><c> fragmenting</c><00:01:53.719><c> the</c><00:01:54.280><c> ecosystem</c><00:01:55.280><c> I'm</c>

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without fragmenting the ecosystem I'm
 

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without fragmenting the ecosystem I'm
Niha<00:01:56.119><c> and</c><00:01:56.320><c> I'm</c><00:01:56.479><c> going</c><00:01:56.680><c> to</c><00:01:56.880><c> be</c><00:01:57.680><c> uh</c><00:01:58.200><c> I'm</c><00:01:58.439><c> I</c><00:01:58.560><c> work</c>

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Niha and I'm going to be uh I'm I work
 

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Niha and I'm going to be uh I'm I work
with<00:01:58.920><c> safe</c><00:01:59.240><c> as</c><00:01:59.320><c> a</c><00:01:59.439><c> technical</c><00:02:00.000><c> product</c><00:02:00.280><c> manager</c>

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with safe as a technical product manager
 

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with safe as a technical product manager
and<00:02:01.200><c> I'm</c><00:02:01.360><c> building</c><00:02:01.799><c> AA</c><00:02:02.520><c> Dev</c><00:02:02.840><c> tooling</c><00:02:03.560><c> to</c><00:02:03.719><c> build</c>

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and I'm building AA Dev tooling to build
 

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and I'm building AA Dev tooling to build
more<00:02:04.280><c> secure</c><00:02:04.680><c> onchain</c><00:02:05.280><c> apps</c><00:02:06.200><c> if</c><00:02:06.280><c> you're</c>

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more secure onchain apps if you're
 

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more secure onchain apps if you're
interested<00:02:06.920><c> in</c><00:02:07.079><c> this</c><00:02:07.280><c> topic</c><00:02:07.600><c> I'd</c><00:02:07.799><c> be</c><00:02:08.000><c> happy</c><00:02:08.200><c> to</c>

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interested in this topic I'd be happy to
 

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interested in this topic I'd be happy to
chat<00:02:08.599><c> with</c><00:02:08.759><c> you</c><00:02:09.360><c> later</c><00:02:10.360><c> so</c><00:02:10.599><c> let's</c><00:02:10.879><c> navigate</c>

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chat with you later so let's navigate
 

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chat with you later so let's navigate
The<00:02:11.840><c> Butterfly</c><00:02:12.360><c> Effects</c><00:02:12.879><c> and</c><00:02:13.440><c> paradoxes</c><00:02:14.440><c> in</c>

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The Butterfly Effects and paradoxes in
 

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The Butterfly Effects and paradoxes in
the<00:02:14.720><c> defi</c><00:02:15.519><c> realm</c><00:02:16.519><c> before</c><00:02:16.879><c> everything</c><00:02:17.280><c> else</c>

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the defi realm before everything else
 

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the defi realm before everything else
let<00:02:18.080><c> me</c><00:02:18.280><c> quickly</c><00:02:18.680><c> explain</c><00:02:19.160><c> the</c><00:02:19.319><c> concept</c><00:02:19.680><c> of</c>

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let me quickly explain the concept of
 

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let me quickly explain the concept of
Butterfly<00:02:20.840><c> Effects</c><00:02:21.840><c> this</c><00:02:22.080><c> concept</c><00:02:22.840><c> comes</c>

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Butterfly Effects this concept comes
 

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Butterfly Effects this concept comes
from<00:02:23.280><c> the</c><00:02:23.480><c> chaos</c><00:02:24.120><c> theory</c><00:02:25.120><c> famously</c>

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from the chaos theory famously
 

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from the chaos theory famously
illustrated<00:02:26.120><c> by</c><00:02:26.280><c> the</c><00:02:26.480><c> idea</c><00:02:27.040><c> that</c><00:02:27.239><c> butterfly</c>

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illustrated by the idea that butterfly
 

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illustrated by the idea that butterfly
flapping<00:02:28.560><c> its</c><00:02:28.720><c> wing</c><00:02:29.000><c> in</c><00:02:29.160><c> one</c><00:02:29.319><c> part</c><00:02:29.480><c> of</c><00:02:29.560><c> the</c>

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flapping its wing in one part of the
 

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flapping its wing in one part of the
world<00:02:29.920><c> world</c><00:02:30.400><c> can</c><00:02:30.560><c> set</c><00:02:30.840><c> off</c><00:02:31.160><c> a</c><00:02:31.319><c> hurricane</c><00:02:31.879><c> in</c>

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world world can set off a hurricane in
 

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world world can set off a hurricane in
another<00:02:32.480><c> part</c><00:02:32.640><c> of</c><00:02:32.800><c> the</c><00:02:32.920><c> world</c><00:02:33.879><c> at</c><00:02:34.040><c> its</c><00:02:34.280><c> core</c><00:02:34.800><c> it</c>

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another part of the world at its core it
 

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another part of the world at its core it
demonstrates<00:02:35.680><c> how</c><00:02:36.000><c> very</c><00:02:36.360><c> small</c><00:02:37.040><c> or</c>

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demonstrates how very small or
 

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demonstrates how very small or
insignificant<00:02:38.200><c> changes</c><00:02:39.080><c> can</c><00:02:39.280><c> lead</c><00:02:39.519><c> to</c><00:02:39.760><c> large</c>

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insignificant changes can lead to large
 

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insignificant changes can lead to large
unpredictable<00:02:41.519><c> outcomes</c><00:02:42.239><c> over</c><00:02:42.599><c> time</c><00:02:43.560><c> and</c>

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unpredictable outcomes over time and
 

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unpredictable outcomes over time and
this<00:02:44.000><c> concept</c><00:02:44.560><c> is</c><00:02:44.760><c> not</c><00:02:44.959><c> just</c><00:02:45.200><c> limited</c><00:02:45.640><c> to</c>

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this concept is not just limited to
 

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this concept is not just limited to
abstract<00:02:47.200><c> mathematics</c><00:02:48.120><c> or</c><00:02:48.360><c> weather</c>

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abstract mathematics or weather
 

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abstract mathematics or weather
conditions<00:02:49.599><c> it's</c><00:02:49.800><c> deeply</c><00:02:50.200><c> relevant</c><00:02:50.800><c> in</c><00:02:50.959><c> the</c>

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conditions it's deeply relevant in the
 

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conditions it's deeply relevant in the
technological<00:02:51.959><c> space</c><00:02:52.680><c> and</c><00:02:52.840><c> especially</c><00:02:53.440><c> with</c>

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technological space and especially with
 

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technological space and especially with
defi<00:02:54.480><c> as</c><00:02:54.680><c> the</c><00:02:54.879><c> system</c><00:02:55.319><c> is</c><00:02:55.519><c> vastly</c>

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defi as the system is vastly
 

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defi as the system is vastly
interconnected<00:02:57.440><c> and</c><00:02:57.640><c> small</c><00:02:58.120><c> Innovations</c><00:02:59.120><c> or</c>

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interconnected and small Innovations or
 

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interconnected and small Innovations or
decisions<00:03:00.159><c> can</c><00:03:00.440><c> Cascade</c><00:03:01.040><c> into</c><00:03:01.840><c> massive</c>

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decisions can Cascade into massive
 

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decisions can Cascade into massive
systemwide

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changes<00:03:08.159><c> now</c><00:03:08.560><c> let's</c><00:03:09.040><c> take</c><00:03:09.239><c> an</c><00:03:09.480><c> example</c><00:03:10.080><c> in</c><00:03:10.239><c> the</c>

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changes now let's take an example in the
 

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changes now let's take an example in the
tech<00:03:10.720><c> history</c><00:03:11.280><c> about</c><00:03:11.480><c> the</c><00:03:11.640><c> CI</c><00:03:12.080><c> keyboard</c><00:03:13.080><c> in</c>

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tech history about the CI keyboard in
 

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tech history about the CI keyboard in
the<00:03:13.319><c> late</c><00:03:13.560><c> 19th</c><00:03:14.000><c> century</c><00:03:14.840><c> the</c><00:03:15.000><c> city</c><00:03:15.400><c> keyboard</c>

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the late 19th century the city keyboard
 

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the late 19th century the city keyboard
was<00:03:16.000><c> designed</c><00:03:16.360><c> to</c><00:03:16.560><c> prevent</c><00:03:16.920><c> typewriters</c><00:03:17.680><c> from</c>

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was designed to prevent typewriters from
 

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was designed to prevent typewriters from
jamming<00:03:18.920><c> by</c><00:03:19.239><c> spreading</c><00:03:19.799><c> apart</c><00:03:20.400><c> frequently</c>

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jamming by spreading apart frequently
 

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jamming by spreading apart frequently
used<00:03:21.640><c> characters</c><00:03:22.640><c> it</c><00:03:22.760><c> was</c><00:03:22.920><c> a</c><00:03:23.120><c> very</c><00:03:23.400><c> small</c><00:03:24.000><c> and</c>

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used characters it was a very small and
 

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used characters it was a very small and
a<00:03:24.440><c> practical</c><00:03:25.080><c> mechanical</c><00:03:25.680><c> decision</c><00:03:26.120><c> made</c><00:03:26.760><c> at</c>

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a practical mechanical decision made at
 

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a practical mechanical decision made at
that<00:03:27.159><c> time</c><00:03:28.120><c> and</c><00:03:28.280><c> fast</c><00:03:28.560><c> forward</c><00:03:28.840><c> to</c><00:03:29.040><c> today</c><00:03:29.480><c> Cor</c>

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that time and fast forward to today Cor
 

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that time and fast forward to today Cor
is<00:03:30.200><c> actually</c><00:03:30.560><c> the</c><00:03:30.720><c> most</c><00:03:31.040><c> dominant</c><00:03:31.599><c> keyboard</c>

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is actually the most dominant keyboard
 

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is actually the most dominant keyboard
layout<00:03:32.439><c> globally</c><00:03:33.319><c> influencing</c><00:03:34.319><c> how</c><00:03:34.560><c> billions</c>

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layout globally influencing how billions
 

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layout globally influencing how billions
of<00:03:35.280><c> people</c><00:03:35.720><c> interact</c><00:03:36.159><c> with</c><00:03:36.360><c> computers</c><00:03:37.239><c> and</c>

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of people interact with computers and
 

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of people interact with computers and
mobile<00:03:37.799><c> devices</c><00:03:38.280><c> daily</c><00:03:39.280><c> and</c><00:03:39.480><c> that</c><00:03:39.799><c> small</c>

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mobile devices daily and that small
 

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mobile devices daily and that small
local<00:03:41.159><c> decision</c><00:03:41.799><c> in</c><00:03:41.959><c> the</c><00:03:42.080><c> 19th</c><00:03:42.599><c> century</c><00:03:43.519><c> has</c>

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local decision in the 19th century has
 

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local decision in the 19th century has
rippled<00:03:44.280><c> across</c><00:03:44.959><c> centuries</c><00:03:45.879><c> shaping</c><00:03:46.599><c> modern</c>

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rippled across centuries shaping modern
 

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rippled across centuries shaping modern
digital

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digital
 

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digital
communication<00:03:49.760><c> and</c><00:03:49.920><c> now</c><00:03:50.200><c> if</c><00:03:50.360><c> I</c><00:03:50.640><c> allude</c><00:03:51.120><c> back</c>

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communication and now if I allude back
 

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communication and now if I allude back
to<00:03:51.879><c> the</c><00:03:52.280><c> amm</c><00:03:52.799><c> model</c><00:03:53.439><c> of</c><00:03:53.760><c> Unis</c><00:03:54.560><c> swap</c><00:03:55.560><c> here's</c><00:03:55.840><c> how</c>

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to the amm model of Unis swap here's how
 

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to the amm model of Unis swap here's how
the<00:03:56.079><c> Butterfly</c><00:03:56.640><c> Effects</c><00:03:57.040><c> come</c><00:03:57.239><c> into</c><00:03:57.439><c> the</c>

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the Butterfly Effects come into the
 

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the Butterfly Effects come into the
picture<00:03:58.840><c> Unis</c><00:03:59.200><c> swap</c><00:03:59.400><c> introd</c><00:03:59.799><c> use</c><00:03:59.959><c> the</c><00:04:00.040><c> amm</c>

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picture Unis swap introd use the amm
 

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picture Unis swap introd use the amm
model<00:04:01.000><c> to</c><00:04:01.280><c> enable</c><00:04:01.879><c> swapping</c><00:04:02.879><c> without</c><00:04:03.640><c> relying</c>

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model to enable swapping without relying
 

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model to enable swapping without relying
on<00:04:04.200><c> order</c><00:04:04.599><c> books</c><00:04:05.599><c> to</c><00:04:05.879><c> match</c><00:04:06.280><c> buyers</c><00:04:06.879><c> as</c><00:04:07.000><c> well</c>

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on order books to match buyers as well
 

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on order books to match buyers as well
as<00:04:07.439><c> Sellers</c><00:04:08.439><c> and</c><00:04:08.560><c> they</c><00:04:08.720><c> use</c><00:04:08.879><c> a</c><00:04:09.079><c> simple</c><00:04:09.400><c> formula</c>

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as Sellers and they use a simple formula
 

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as Sellers and they use a simple formula
to<00:04:11.640><c> uh</c><00:04:12.120><c> facilitate</c><00:04:12.720><c> these</c><00:04:12.920><c> trades</c><00:04:13.280><c> in</c><00:04:13.439><c> the</c>

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to uh facilitate these trades in the
 

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to uh facilitate these trades in the
liquidity<00:04:14.079><c> pools</c><00:04:15.040><c> at</c><00:04:15.200><c> its</c><00:04:15.439><c> core</c><00:04:15.920><c> it's</c><00:04:16.040><c> a</c>

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liquidity pools at its core it's a
 

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liquidity pools at its core it's a
simple<00:04:16.560><c> equation</c><00:04:17.120><c> x</c><00:04:17.359><c> *</c><00:04:17.840><c> y</c><00:04:18.160><c> =</c><00:04:18.639><c> k</c><00:04:19.479><c> where</c><00:04:19.840><c> X</c><00:04:20.120><c> and</c><00:04:20.400><c> Y</c>

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simple equation x * y = k where X and Y
 

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simple equation x * y = k where X and Y
are<00:04:21.120><c> two</c><00:04:21.400><c> quantities</c><00:04:22.240><c> two</c><00:04:22.479><c> tokens</c><00:04:23.360><c> of</c><00:04:23.520><c> the</c>

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are two quantities two tokens of the
 

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are two quantities two tokens of the
same<00:04:23.960><c> value</c><00:04:24.320><c> in</c><00:04:24.440><c> a</c><00:04:24.600><c> pool</c><00:04:25.280><c> and</c><00:04:25.479><c> K</c><00:04:25.720><c> is</c><00:04:25.840><c> a</c><00:04:26.040><c> constant</c>

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same value in a pool and K is a constant
 

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same value in a pool and K is a constant
that<00:04:26.720><c> remains</c><00:04:27.400><c> unchanged</c><00:04:28.400><c> and</c><00:04:28.759><c> in</c><00:04:28.880><c> a</c><00:04:29.000><c> nutshell</c>

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that remains unchanged and in a nutshell
 

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that remains unchanged and in a nutshell
here<00:04:29.720><c> wouse</c><00:04:30.199><c> works</c><00:04:31.000><c> the</c><00:04:31.120><c> liquidity</c><00:04:31.720><c> providers</c>

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here wouse works the liquidity providers
 

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here wouse works the liquidity providers
deposit<00:04:33.360><c> the</c><00:04:33.560><c> two</c><00:04:33.880><c> tokens</c><00:04:34.440><c> into</c><00:04:34.680><c> a</c><00:04:34.800><c> smart</c>

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deposit the two tokens into a smart
 

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deposit the two tokens into a smart
contract<00:04:35.759><c> which</c><00:04:35.880><c> is</c><00:04:36.039><c> the</c><00:04:36.199><c> pool</c><00:04:36.960><c> and</c><00:04:37.120><c> the</c>

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contract which is the pool and the
 

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contract which is the pool and the
Traders<00:04:37.880><c> can</c><00:04:38.120><c> swap</c><00:04:38.639><c> between</c><00:04:39.000><c> these</c><00:04:39.240><c> tokens</c>

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Traders can swap between these tokens
 

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Traders can swap between these tokens
directly<00:04:40.600><c> from</c><00:04:40.840><c> the</c><00:04:41.000><c> pool</c><00:04:41.759><c> paying</c><00:04:42.039><c> a</c><00:04:42.199><c> small</c>

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directly from the pool paying a small
 

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directly from the pool paying a small
incentive<00:04:43.120><c> fee</c><00:04:43.479><c> to</c><00:04:43.680><c> the</c><00:04:43.800><c> lp</c>

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incentive fee to the lp
 

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incentive fee to the lp
providers<00:04:46.000><c> and</c><00:04:47.000><c> why</c><00:04:47.120><c> is</c><00:04:47.240><c> it</c><00:04:47.880><c> transformative</c>

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providers and why is it transformative
 

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providers and why is it transformative
three<00:04:49.199><c> reasons</c><00:04:50.000><c> one</c><00:04:51.039><c> accessibility</c><00:04:52.039><c> anybody</c>

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three reasons one accessibility anybody
 

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three reasons one accessibility anybody
can<00:04:52.840><c> become</c><00:04:53.560><c> a</c><00:04:53.759><c> liquidity</c><00:04:54.280><c> provider</c><00:04:55.039><c> that</c>

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can become a liquidity provider that
 

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can become a liquidity provider that
democratizes<00:04:56.039><c> the</c><00:04:56.199><c> liquidity</c><00:04:56.880><c> provisioning</c>

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democratizes the liquidity provisioning
 

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democratizes the liquidity provisioning
efficiency<00:04:59.000><c> amm</c>

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efficiency amm
 

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efficiency amm
eliminate<00:05:00.759><c> the</c><00:05:00.880><c> need</c><00:05:01.080><c> for</c><00:05:01.360><c> complex</c><00:05:01.800><c> order</c>

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eliminate the need for complex order
 

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eliminate the need for complex order
books<00:05:03.199><c> and</c><00:05:03.440><c> it</c><00:05:03.600><c> reduces</c><00:05:04.280><c> the</c><00:05:04.440><c> barriers</c><00:05:05.199><c> for</c>

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books and it reduces the barriers for
 

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books and it reduces the barriers for
decentralized<00:05:06.199><c> trading</c><00:05:07.160><c> third</c>

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decentralized trading third
 

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decentralized trading third
composability<00:05:08.600><c> protocols</c><00:05:09.600><c> can</c><00:05:09.800><c> very</c><00:05:10.039><c> easily</c>

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composability protocols can very easily
 

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composability protocols can very easily
integrate<00:05:11.080><c> Unis</c><00:05:11.560><c> swap</c><00:05:11.840><c> into</c><00:05:12.120><c> their</c><00:05:12.320><c> own</c>

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integrate Unis swap into their own
 

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integrate Unis swap into their own
ecosystems<00:05:13.759><c> which</c><00:05:14.000><c> enables</c><00:05:14.680><c> many</c><00:05:15.160><c> swapping</c>

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ecosystems which enables many swapping
 

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ecosystems which enables many swapping
or<00:05:16.639><c> liquidity</c>

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or liquidity
 

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or liquidity
strategies<00:05:19.039><c> so</c><00:05:19.240><c> the</c><00:05:19.400><c> incremental</c><00:05:19.960><c> change</c>

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strategies so the incremental change
 

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strategies so the incremental change
that<00:05:20.440><c> we</c><00:05:20.600><c> see</c><00:05:20.840><c> with</c><00:05:21.000><c> Unis</c><00:05:21.360><c> swap</c><00:05:21.680><c> was</c><00:05:22.199><c> that</c><00:05:22.639><c> in</c>

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that we see with Unis swap was that in
 

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that we see with Unis swap was that in
2018<00:05:23.759><c> the</c><00:05:23.880><c> amm</c><00:05:24.280><c> model</c><00:05:24.600><c> was</c><00:05:25.240><c> introduced</c>

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2018 the amm model was introduced
 

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2018 the amm model was introduced
removing<00:05:26.680><c> the</c><00:05:26.800><c> need</c><00:05:26.960><c> for</c><00:05:27.160><c> autobooks</c><00:05:27.639><c> in</c><00:05:27.759><c> an</c>

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removing the need for autobooks in an
 

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removing the need for autobooks in an
exchange<00:05:28.960><c> and</c><00:05:29.120><c> here's</c><00:05:29.360><c> the</c><00:05:30.000><c> effect</c><00:05:30.840><c> so</c><00:05:31.160><c> now</c><00:05:31.520><c> we</c>

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exchange and here's the effect so now we
 

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exchange and here's the effect so now we
have<00:05:31.919><c> amm</c><00:05:32.319><c> model</c><00:05:33.120><c> and</c><00:05:33.319><c> anybody</c><00:05:33.759><c> can</c><00:05:34.000><c> provide</c>

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have amm model and anybody can provide
 

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have amm model and anybody can provide
liquidity<00:05:35.479><c> which</c><00:05:35.840><c> democratizes</c><00:05:36.880><c> liquidity</c>

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liquidity which democratizes liquidity
 

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liquidity which democratizes liquidity
and<00:05:38.560><c> after</c><00:05:38.880><c> that</c><00:05:39.479><c> it</c><00:05:39.919><c> it</c><00:05:40.520><c> made</c><00:05:40.880><c> dexus</c><00:05:41.440><c> to</c><00:05:41.600><c> be</c>

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and after that it it made dexus to be
 

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and after that it it made dexus to be
more<00:05:42.440><c> Central</c><00:05:42.840><c> to</c><00:05:43.080><c> Defi</c><00:05:44.080><c> and</c><00:05:44.319><c> inspiring</c><00:05:45.000><c> more</c>

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more Central to Defi and inspiring more
 

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more Central to Defi and inspiring more
and<00:05:45.319><c> more</c><00:05:45.520><c> dexes</c><00:05:45.960><c> to</c><00:05:46.120><c> come</c><00:05:46.319><c> up</c><00:05:46.720><c> like</c><00:05:47.000><c> curve</c>

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and more dexes to come up like curve
 

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and more dexes to come up like curve
balancer<00:05:48.120><c> or</c><00:05:48.319><c> sushi</c><00:05:48.720><c> swap</c><00:05:49.720><c> which</c><00:05:50.120><c> cater</c><00:05:50.520><c> to</c>

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balancer or sushi swap which cater to
 

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balancer or sushi swap which cater to
very<00:05:51.039><c> specific</c><00:05:51.560><c> use</c><00:05:51.960><c> cases</c><00:05:52.360><c> like</c><00:05:52.520><c> stable</c><00:05:52.919><c> coin</c>

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very specific use cases like stable coin
 

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very specific use cases like stable coin
swapping<00:05:54.000><c> or</c><00:05:54.240><c> multi-asset</c><00:05:54.919><c> pools</c><00:05:55.840><c> and</c><00:05:56.039><c> as</c><00:05:56.160><c> a</c>

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swapping or multi-asset pools and as a
 

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swapping or multi-asset pools and as a
result<00:05:56.800><c> billions</c><00:05:57.240><c> of</c><00:05:57.440><c> dollars</c><00:05:57.759><c> started</c>

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result billions of dollars started
 

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result billions of dollars started
flowing<00:05:58.520><c> through</c><00:05:58.800><c> these</c><00:05:59.120><c> contracts</c>

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flowing through these contracts
 

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flowing through these contracts
which<00:06:00.639><c> resulted</c><00:06:01.199><c> into</c><00:06:01.960><c> the</c><00:06:02.160><c> famous</c><00:06:02.520><c> defi</c>

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which resulted into the famous defi
 

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which resulted into the famous defi
summer<00:06:03.600><c> of</c>

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summer of
 

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summer of
2020<00:06:06.240><c> and</c><00:06:06.520><c> as</c><00:06:06.919><c> defi</c><00:06:07.599><c> fa</c><00:06:07.840><c> this</c><00:06:08.080><c> explosive</c>

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2020 and as defi fa this explosive
 

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2020 and as defi fa this explosive
growth<00:06:09.520><c> the</c><00:06:09.639><c> onchain</c><00:06:10.280><c> ux</c><00:06:11.120><c> unfortunately</c>

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growth the onchain ux unfortunately
 

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growth the onchain ux unfortunately
could<00:06:12.360><c> not</c><00:06:12.639><c> keep</c><00:06:12.960><c> Pace</c><00:06:13.960><c> these</c><00:06:14.240><c> topics</c><00:06:14.960><c> still</c>

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could not keep Pace these topics still
 

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could not keep Pace these topics still
plag<00:06:15.680><c> defi</c><00:06:16.639><c> to</c><00:06:16.880><c> this</c><00:06:17.360><c> state</c><00:06:18.360><c> I</c><00:06:18.440><c> would</c><00:06:18.599><c> like</c><00:06:18.759><c> to</c>

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plag defi to this state I would like to
 

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plag defi to this state I would like to
go<00:06:19.080><c> over</c><00:06:19.360><c> some</c><00:06:19.520><c> of</c><00:06:19.720><c> the</c><00:06:19.880><c> ux</c><00:06:20.520><c> issues</c><00:06:20.960><c> with</c><00:06:21.120><c> defi</c>

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go over some of the ux issues with defi
 

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go over some of the ux issues with defi
number<00:06:22.639><c> one</c><00:06:23.639><c> complex</c><00:06:24.039><c> wallet</c><00:06:24.400><c> management</c>

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number one complex wallet management
 

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number one complex wallet management
today<00:06:26.000><c> users</c><00:06:26.560><c> still</c><00:06:26.880><c> rely</c><00:06:27.280><c> on</c><00:06:27.479><c> private</c><00:06:27.840><c> keys</c>

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today users still rely on private keys
 

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today users still rely on private keys
and<00:06:28.280><c> Seed</c><00:06:28.560><c> phrases</c><00:06:29.680><c> and</c><00:06:29.840><c> may</c><00:06:30.080><c> also</c><00:06:30.360><c> have</c>

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and Seed phrases and may also have
 

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and Seed phrases and may also have
multiple<00:06:31.039><c> wallet</c><00:06:31.440><c> addresses</c><00:06:32.440><c> and</c><00:06:32.599><c> losing</c>

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multiple wallet addresses and losing
 

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multiple wallet addresses and losing
your<00:06:33.199><c> private</c><00:06:33.560><c> key</c><00:06:34.000><c> means</c><00:06:34.319><c> losing</c><00:06:34.840><c> access</c><00:06:35.120><c> to</c>

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your private key means losing access to
 

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your private key means losing access to
your<00:06:35.479><c> funds</c><00:06:36.479><c> which</c><00:06:36.720><c> can</c><00:06:36.880><c> be</c><00:06:37.080><c> very</c>

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your funds which can be very
 

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your funds which can be very
intimidating<00:06:38.000><c> for</c><00:06:38.160><c> a</c><00:06:38.639><c> newcomer</c><00:06:39.639><c> and</c><00:06:39.840><c> as</c><00:06:39.960><c> a</c>

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intimidating for a newcomer and as a
 

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intimidating for a newcomer and as a
result<00:06:40.919><c> non-</c><00:06:41.400><c> Crypton</c><00:06:41.800><c> native</c><00:06:42.160><c> users</c><00:06:42.840><c> find</c>

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result non- Crypton native users find
 

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result non- Crypton native users find
defi<00:06:43.720><c> to</c><00:06:43.880><c> be</c><00:06:44.080><c> very</c><00:06:44.400><c> intimidating</c><00:06:45.400><c> which</c>

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defi to be very intimidating which
 

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defi to be very intimidating which
reduces<00:06:46.199><c> Mass</c>

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reduces Mass
 

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reduces Mass
adoption<00:06:49.280><c> number</c><00:06:49.560><c> two</c><00:06:50.560><c> gas</c><00:06:50.840><c> fee</c><00:06:51.280><c> and</c>

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adoption number two gas fee and
 

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adoption number two gas fee and
transaction<00:06:52.680><c> complexity</c><00:06:53.680><c> having</c><00:06:54.000><c> native</c><00:06:54.440><c> gas</c>

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transaction complexity having native gas
 

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transaction complexity having native gas
token<00:06:55.400><c> on</c><00:06:55.560><c> a</c><00:06:55.720><c> new</c><00:06:56.120><c> chain</c><00:06:57.120><c> is</c><00:06:57.599><c> quite</c><00:06:58.080><c> confusing</c>

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token on a new chain is quite confusing
 

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token on a new chain is quite confusing
and<00:06:59.759><c> difficult</c><00:06:59.960><c> to</c><00:07:00.199><c> achieve</c><00:07:00.919><c> and</c><00:07:01.160><c> estimating</c>

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and difficult to achieve and estimating
 

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and difficult to achieve and estimating
gas<00:07:02.199><c> cost</c><00:07:02.840><c> is</c><00:07:03.039><c> even</c><00:07:03.280><c> more</c><00:07:03.720><c> confusing</c>

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gas cost is even more confusing
 

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gas cost is even more confusing
sometimes<00:07:05.120><c> there</c><00:07:05.440><c> to</c><00:07:05.759><c> achieve</c><00:07:06.120><c> one</c><00:07:06.319><c> single</c>

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sometimes there to achieve one single
 

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sometimes there to achieve one single
action<00:07:07.120><c> there</c><00:07:07.199><c> are</c><00:07:07.360><c> several</c><00:07:07.800><c> transactions</c><00:07:08.400><c> to</c>

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action there are several transactions to
 

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action there are several transactions to
be<00:07:08.720><c> signed</c><00:07:09.440><c> for</c><00:07:09.680><c> example</c><00:07:10.039><c> to</c><00:07:10.199><c> swap</c><00:07:10.560><c> on</c><00:07:10.720><c> a</c><00:07:11.199><c> DEX</c>

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be signed for example to swap on a DEX
 

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be signed for example to swap on a DEX
you<00:07:11.840><c> need</c><00:07:12.000><c> to</c><00:07:12.199><c> approve</c><00:07:12.680><c> and</c><00:07:12.840><c> then</c><00:07:13.039><c> transfer</c>

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you need to approve and then transfer
 

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you need to approve and then transfer
which<00:07:14.000><c> requires</c><00:07:14.440><c> multiple</c><00:07:14.960><c> signatures</c><00:07:15.960><c> the</c>

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which requires multiple signatures the
 

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which requires multiple signatures the
impact<00:07:16.639><c> is</c><00:07:16.879><c> that</c><00:07:17.560><c> new</c><00:07:17.879><c> users</c><00:07:18.759><c> often</c><00:07:19.039><c> feel</c>

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impact is that new users often feel
 

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impact is that new users often feel
priced<00:07:19.759><c> out</c><00:07:20.199><c> because</c><00:07:20.440><c> of</c><00:07:20.680><c> this</c><00:07:20.960><c> gas</c>

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priced out because of this gas
 

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priced out because of this gas
requirement<00:07:22.120><c> and</c><00:07:22.280><c> on-</c><00:07:22.599><c> ramping</c><00:07:23.360><c> is</c><00:07:23.759><c> quite</c>

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requirement and on- ramping is quite
 

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requirement and on- ramping is quite
difficult<00:07:26.440><c> the</c><00:07:26.599><c> third</c><00:07:26.919><c> issue</c><00:07:27.400><c> poor</c>

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difficult the third issue poor
 

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difficult the third issue poor
onboarding<00:07:28.319><c> experience</c><00:07:28.759><c> for</c><00:07:28.919><c> new</c><00:07:29.120><c> users</c>

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onboarding experience for new users
 

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onboarding experience for new users
to<00:07:30.319><c> set</c><00:07:30.520><c> up</c><00:07:30.680><c> a</c><00:07:30.800><c> wallet</c><00:07:31.240><c> to</c><00:07:31.479><c> acquire</c><00:07:31.840><c> new</c><00:07:32.080><c> crypto</c>

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to set up a wallet to acquire new crypto
 

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to set up a wallet to acquire new crypto
to<00:07:33.000><c> interact</c><00:07:33.400><c> with</c><00:07:33.560><c> dii</c><00:07:34.000><c> protocols</c><00:07:34.599><c> often</c>

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to interact with dii protocols often
 

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to interact with dii protocols often
requires<00:07:35.919><c> multiple</c><00:07:36.479><c> steps</c><00:07:37.039><c> and</c><00:07:37.199><c> also</c>

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requires multiple steps and also
 

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requires multiple steps and also
requires<00:07:38.039><c> engaging</c><00:07:38.759><c> with</c><00:07:39.599><c> several</c><00:07:40.400><c> protocols</c>

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requires engaging with several protocols
 

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requires engaging with several protocols
like<00:07:41.280><c> exchanges</c><00:07:42.080><c> Bridges</c><00:07:42.919><c> various</c><00:07:43.319><c> apps</c><00:07:44.000><c> and</c>

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like exchanges Bridges various apps and
 

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like exchanges Bridges various apps and
as<00:07:44.319><c> a</c><00:07:44.520><c> result</c><00:07:45.240><c> there's</c><00:07:45.479><c> a</c><00:07:45.599><c> high</c><00:07:45.800><c> learning</c>

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as a result there's a high learning
 

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as a result there's a high learning
curve<00:07:46.560><c> that's</c><00:07:46.840><c> involved</c><00:07:47.560><c> and</c><00:07:47.720><c> that</c><00:07:48.000><c> do</c><00:07:48.560><c> and</c>

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curve that's involved and that do and
 

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curve that's involved and that do and
that<00:07:48.879><c> deters</c><00:07:49.360><c> non-technical</c><00:07:50.240><c> users</c><00:07:51.240><c> and</c><00:07:51.400><c> that</c>

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that deters non-technical users and that
 

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that deters non-technical users and that
kind<00:07:51.759><c> of</c><00:07:51.919><c> limits</c><00:07:52.800><c> defi</c>

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kind of limits defi
 

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kind of limits defi
appeal<00:07:55.120><c> and</c><00:07:55.720><c> finally</c><00:07:56.720><c> liquidity</c>

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appeal and finally liquidity
 

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appeal and finally liquidity
fragmentation<00:07:58.720><c> this</c><00:07:59.000><c> problem</c><00:07:59.759><c> is</c><00:07:59.960><c> also</c><00:08:00.400><c> still</c>

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fragmentation this problem is also still
 

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fragmentation this problem is also still
quite<00:08:01.039><c> persistent</c><00:08:02.039><c> it</c><00:08:02.240><c> significantly</c>

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quite persistent it significantly
 

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quite persistent it significantly
impacts<00:08:03.400><c> the</c><00:08:03.599><c> efficiency</c><00:08:04.240><c> and</c><00:08:04.479><c> effectiveness</c>

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impacts the efficiency and effectiveness
 

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impacts the efficiency and effectiveness
of<00:08:05.280><c> the</c><00:08:05.440><c> capital</c><00:08:05.800><c> markets</c><00:08:06.800><c> and</c><00:08:06.960><c> this</c><00:08:07.159><c> happens</c>

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of the capital markets and this happens
 

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of the capital markets and this happens
when<00:08:09.120><c> the</c><00:08:09.360><c> capital</c><00:08:09.840><c> is</c><00:08:10.360><c> spread</c><00:08:10.840><c> across</c>

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when the capital is spread across
 

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when the capital is spread across
several<00:08:11.720><c> platforms</c><00:08:12.560><c> protocols</c><00:08:13.080><c> or</c><00:08:13.280><c> chains</c>

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several platforms protocols or chains
 

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several platforms protocols or chains
rather<00:08:14.479><c> than</c><00:08:14.680><c> being</c><00:08:15.000><c> concentrated</c><00:08:15.840><c> at</c><00:08:15.960><c> a</c>

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rather than being concentrated at a
 

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rather than being concentrated at a
single<00:08:16.440><c> venue</c><00:08:17.400><c> and</c><00:08:17.520><c> it</c><00:08:17.680><c> can</c><00:08:17.879><c> happen</c><00:08:18.120><c> for</c>

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single venue and it can happen for
 

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single venue and it can happen for
several<00:08:18.759><c> reasons</c><00:08:19.080><c> in</c><00:08:19.720><c> defi</c><00:08:20.720><c> because</c><00:08:21.319><c> many</c><00:08:21.599><c> amm</c>

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several reasons in defi because many amm
 

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several reasons in defi because many amm
protocols<00:08:22.680><c> exist</c><00:08:23.319><c> like</c><00:08:23.800><c> curve</c><00:08:24.400><c> Unis</c><00:08:24.800><c> swap</c><00:08:25.080><c> or</c>

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protocols exist like curve Unis swap or
 

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protocols exist like curve Unis swap or
sushi<00:08:25.680><c> Swap</c><00:08:26.400><c> and</c><00:08:26.560><c> they</c><00:08:26.720><c> all</c><00:08:27.000><c> compete</c><00:08:27.360><c> for</c>

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sushi Swap and they all compete for
 

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sushi Swap and they all compete for
liquidity<00:08:28.639><c> often</c><00:08:29.080><c> split</c><00:08:29.840><c> liquidity</c><00:08:30.400><c> across</c>

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liquidity often split liquidity across
 

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liquidity often split liquidity across
several<00:08:31.479><c> pools</c><00:08:32.479><c> it</c><00:08:32.599><c> can</c><00:08:32.800><c> also</c><00:08:33.080><c> happen</c><00:08:33.399><c> because</c>

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several pools it can also happen because
 

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several pools it can also happen because
of<00:08:33.760><c> several</c><00:08:34.120><c> chains</c><00:08:34.719><c> we</c><00:08:34.880><c> see</c><00:08:35.080><c> coming</c><00:08:35.360><c> up</c><00:08:35.560><c> every</c>

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of several chains we see coming up every
 

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of several chains we see coming up every
day<00:08:36.159><c> layer</c><00:08:36.519><c> one</c><00:08:36.959><c> layer</c><00:08:37.240><c> 2</c><00:08:37.519><c> Chains</c><00:08:38.360><c> liquidity</c>

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day layer one layer 2 Chains liquidity
 

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day layer one layer 2 Chains liquidity
is<00:08:39.039><c> spread</c><00:08:39.360><c> across</c><00:08:39.919><c> several</c><00:08:40.320><c> different</c>

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is spread across several different
 

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is spread across several different
chains<00:08:42.000><c> and</c><00:08:42.120><c> it's</c><00:08:42.360><c> also</c><00:08:42.760><c> possible</c><00:08:43.240><c> because</c><00:08:43.440><c> of</c>

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chains and it's also possible because of
 

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chains and it's also possible because of
isolated<00:08:44.279><c> liquidity</c><00:08:44.760><c> pools</c><00:08:45.200><c> within</c><00:08:45.560><c> the</c><00:08:45.720><c> same</c>

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isolated liquidity pools within the same
 

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isolated liquidity pools within the same
protocol<00:08:46.519><c> there</c><00:08:46.680><c> can</c><00:08:46.959><c> exist</c><00:08:47.320><c> several</c><00:08:47.760><c> similar</c>

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protocol there can exist several similar
 

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protocol there can exist several similar
pairs<00:08:49.120><c> like</c><00:08:49.440><c> e</c><00:08:49.920><c> d</c><00:08:50.320><c> and</c><00:08:50.480><c> e</c><00:08:51.279><c> usdc</c><00:08:52.279><c> but</c><00:08:52.800><c> it</c><00:08:53.000><c> still</c>

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pairs like e d and e usdc but it still
 

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pairs like e d and e usdc but it still
results<00:08:53.760><c> into</c><00:08:54.480><c> liquidity</c><00:08:55.360><c> fragmentation</c><00:08:56.360><c> and</c>

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results into liquidity fragmentation and
 

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results into liquidity fragmentation and
that<00:08:56.720><c> means</c><00:08:57.160><c> that</c><00:08:57.480><c> the</c><00:08:57.600><c> liquidity</c><00:08:58.160><c> providers</c>

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that means that the liquidity providers
 

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that means that the liquidity providers
may<00:08:59.079><c> receive</c><00:08:59.440><c> receive</c><00:08:59.640><c> less</c><00:08:59.920><c> incentives</c><00:09:00.880><c> or</c>

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may receive receive less incentives or
 

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may receive receive less incentives or
their<00:09:01.560><c> Capital</c><00:09:02.079><c> remains</c><00:09:02.920><c> idle</c><00:09:03.920><c> now</c><00:09:04.160><c> let's</c><00:09:04.360><c> see</c>

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their Capital remains idle now let's see
 

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their Capital remains idle now let's see
how<00:09:05.240><c> account</c><00:09:05.720><c> abstraction</c><00:09:06.720><c> can</c><00:09:07.000><c> help</c>

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how account abstraction can help
 

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how account abstraction can help
mitigate<00:09:08.279><c> these</c>

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mitigate these
 

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mitigate these
issues<00:09:10.440><c> at</c><00:09:10.600><c> its</c><00:09:10.880><c> core</c><00:09:11.600><c> account</c><00:09:12.040><c> abstraction</c>

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issues at its core account abstraction
 

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issues at its core account abstraction
redefines<00:09:13.560><c> the</c><00:09:13.760><c> concept</c><00:09:14.240><c> of</c><00:09:14.760><c> user</c><00:09:15.240><c> accounts</c>

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redefines the concept of user accounts
 

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redefines the concept of user accounts
in<00:09:16.000><c> the</c><00:09:16.519><c> blockchain</c><00:09:17.519><c> today</c><00:09:18.480><c> user</c><00:09:18.880><c> operates</c>

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in the blockchain today user operates
 

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in the blockchain today user operates
through<00:09:20.000><c> externally</c><00:09:20.519><c> owned</c><00:09:20.880><c> accounts</c><00:09:21.399><c> or</c>

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through externally owned accounts or
 

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through externally owned accounts or
eoas<00:09:22.600><c> which</c><00:09:22.720><c> are</c><00:09:22.920><c> controlled</c><00:09:23.399><c> by</c><00:09:23.640><c> private</c>

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eoas which are controlled by private
 

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eoas which are controlled by private
keys<00:09:24.880><c> and</c><00:09:25.000><c> are</c><00:09:25.240><c> quite</c><00:09:25.440><c> Limited</c><00:09:25.800><c> in</c>

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keys and are quite Limited in
 

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keys and are quite Limited in
functionality<00:09:27.399><c> in</c><00:09:27.640><c> contrast</c><00:09:28.640><c> AA</c><00:09:29.000><c> Ena</c><00:09:29.399><c> builds</c>

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functionality in contrast AA Ena builds
 

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functionality in contrast AA Ena builds
accounts<00:09:30.240><c> to</c><00:09:30.440><c> function</c><00:09:30.760><c> as</c><00:09:30.920><c> smart</c><00:09:31.279><c> contracts</c>

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accounts to function as smart contracts
 

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accounts to function as smart contracts
allowing<00:09:32.760><c> for</c><00:09:32.959><c> a</c><00:09:33.160><c> customizable</c><00:09:33.880><c> logic</c><00:09:34.240><c> and</c><00:09:34.399><c> a</c>

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allowing for a customizable logic and a
 

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allowing for a customizable logic and a
behavior<00:09:36.320><c> this</c><00:09:36.519><c> upgrade</c><00:09:37.360><c> introduces</c><00:09:38.360><c> a</c><00:09:38.519><c> more</c>

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behavior this upgrade introduces a more
 

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behavior this upgrade introduces a more
flexible<00:09:39.560><c> a</c><00:09:39.720><c> more</c><00:09:39.920><c> user</c><00:09:40.360><c> Centric</c><00:09:41.079><c> model</c><00:09:42.079><c> and</c>

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flexible a more user Centric model and
 

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flexible a more user Centric model and
there<00:09:42.920><c> are</c><00:09:43.120><c> several</c><00:09:43.560><c> ways</c><00:09:44.399><c> like</c><00:09:44.560><c> in</c><00:09:44.680><c> a</c><00:09:44.800><c> Swiss</c>

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there are several ways like in a Swiss
 

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there are several ways like in a Swiss
knife<00:09:46.320><c> in</c><00:09:46.519><c> which</c><00:09:46.880><c> account</c><00:09:47.279><c> abstraction</c>

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knife in which account abstraction
 

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knife in which account abstraction
actually<00:09:48.640><c> hits</c><00:09:48.959><c> the</c><00:09:49.200><c> hammer</c><00:09:49.560><c> on</c><00:09:49.720><c> its</c><00:09:50.200><c> nail</c>

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actually hits the hammer on its nail
 

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actually hits the hammer on its nail
there<00:09:51.360><c> can</c><00:09:51.519><c> be</c><00:09:51.760><c> very</c><00:09:52.000><c> simple</c><00:09:52.360><c> onboarding</c><00:09:53.160><c> to</c><00:09:53.440><c> a</c>

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there can be very simple onboarding to a
 

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there can be very simple onboarding to a
wallet<00:09:54.279><c> experience</c><00:09:55.279><c> in</c><00:09:55.519><c> case</c><00:09:55.880><c> a</c><00:09:56.040><c> user</c><00:09:56.399><c> is</c>

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wallet experience in case a user is
 

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wallet experience in case a user is
locked<00:09:56.880><c> out</c><00:09:57.040><c> of</c><00:09:57.240><c> their</c><00:09:57.480><c> account</c><00:09:57.880><c> there</c><00:09:58.000><c> are</c>

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locked out of their account there are
 

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locked out of their account there are
social<00:09:58.519><c> recovery</c><00:09:58.920><c> mechanism</c><00:09:59.720><c> or</c><00:09:59.880><c> multiactor</c>

00:10:00.350 --> 00:10:00.360 align:start position:0%
social recovery mechanism or multiactor
 

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social recovery mechanism or multiactor
authentications<00:10:01.279><c> baked</c><00:10:01.640><c> in</c><00:10:02.480><c> there</c><00:10:02.600><c> are</c>

00:10:02.870 --> 00:10:02.880 align:start position:0%
authentications baked in there are
 

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authentications baked in there are
gasless<00:10:03.399><c> transactions</c><00:10:04.000><c> so</c><00:10:04.160><c> the</c><00:10:04.279><c> user</c><00:10:04.560><c> doesn't</c>

00:10:04.870 --> 00:10:04.880 align:start position:0%
gasless transactions so the user doesn't
 

00:10:04.880 --> 00:10:06.910 align:start position:0%
gasless transactions so the user doesn't
have<00:10:05.000><c> to</c><00:10:05.200><c> worry</c><00:10:05.480><c> about</c><00:10:06.079><c> having</c><00:10:06.360><c> the</c><00:10:06.519><c> native</c>

00:10:06.910 --> 00:10:06.920 align:start position:0%
have to worry about having the native
 

00:10:06.920 --> 00:10:11.069 align:start position:0%
have to worry about having the native
gas<00:10:07.200><c> token</c><00:10:08.079><c> on</c><00:10:08.240><c> the</c><00:10:08.680><c> Chain</c><00:10:09.680><c> users</c><00:10:10.079><c> can</c><00:10:10.360><c> also</c>

00:10:11.069 --> 00:10:11.079 align:start position:0%
gas token on the Chain users can also
 

00:10:11.079 --> 00:10:13.430 align:start position:0%
gas token on the Chain users can also
bundle<00:10:11.560><c> multiple</c><00:10:12.079><c> transactions</c><00:10:12.800><c> into</c><00:10:13.120><c> one</c>

00:10:13.430 --> 00:10:13.440 align:start position:0%
bundle multiple transactions into one
 

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bundle multiple transactions into one
simple<00:10:14.079><c> transaction</c><00:10:15.079><c> for</c><00:10:15.800><c> for</c><00:10:16.000><c> example</c><00:10:16.360><c> for</c>

00:10:16.509 --> 00:10:16.519 align:start position:0%
simple transaction for for example for
 

00:10:16.519 --> 00:10:19.269 align:start position:0%
simple transaction for for example for
swapping<00:10:17.079><c> for</c><00:10:17.440><c> approving</c><00:10:18.440><c> and</c><00:10:18.600><c> this</c><00:10:18.720><c> is</c><00:10:18.959><c> also</c>

00:10:19.269 --> 00:10:19.279 align:start position:0%
swapping for approving and this is also
 

00:10:19.279 --> 00:10:21.069 align:start position:0%
swapping for approving and this is also
quite<00:10:19.560><c> gas</c>

00:10:21.069 --> 00:10:21.079 align:start position:0%
quite gas
 

00:10:21.079 --> 00:10:24.389 align:start position:0%
quite gas
efficient<00:10:22.079><c> security</c><00:10:22.560><c> features</c><00:10:23.279><c> like</c><00:10:24.279><c> uh</c>

00:10:24.389 --> 00:10:24.399 align:start position:0%
efficient security features like uh
 

00:10:24.399 --> 00:10:27.030 align:start position:0%
efficient security features like uh
setting<00:10:24.920><c> daily</c><00:10:25.279><c> spending</c><00:10:25.760><c> limits</c><00:10:26.440><c> or</c><00:10:26.640><c> session</c>

00:10:27.030 --> 00:10:27.040 align:start position:0%
setting daily spending limits or session
 

00:10:27.040 --> 00:10:29.550 align:start position:0%
setting daily spending limits or session
keys<00:10:27.600><c> will</c><00:10:27.839><c> become</c><00:10:28.079><c> a</c><00:10:28.279><c> standard</c><00:10:29.040><c> and</c><00:10:29.399><c> this</c>

00:10:29.550 --> 00:10:29.560 align:start position:0%
keys will become a standard and this
 

00:10:29.560 --> 00:10:31.870 align:start position:0%
keys will become a standard and this
significantly<00:10:30.240><c> reduces</c><00:10:30.880><c> the</c><00:10:31.040><c> risk</c><00:10:31.279><c> of</c><00:10:31.440><c> losing</c>

00:10:31.870 --> 00:10:31.880 align:start position:0%
significantly reduces the risk of losing
 

00:10:31.880 --> 00:10:35.069 align:start position:0%
significantly reduces the risk of losing
funds<00:10:32.839><c> or</c><00:10:33.079><c> falling</c><00:10:33.480><c> victim</c><00:10:33.839><c> to</c><00:10:34.040><c> a</c><00:10:34.160><c> malicious</c>

00:10:35.069 --> 00:10:35.079 align:start position:0%
funds or falling victim to a malicious
 

00:10:35.079 --> 00:10:37.870 align:start position:0%
funds or falling victim to a malicious
contract<00:10:36.079><c> and</c><00:10:36.279><c> cross</c><00:10:36.600><c> chain</c><00:10:36.839><c> and</c><00:10:37.000><c> Layer</c><00:10:37.320><c> Two</c>

00:10:37.870 --> 00:10:37.880 align:start position:0%
contract and cross chain and Layer Two
 

00:10:37.880 --> 00:10:40.509 align:start position:0%
contract and cross chain and Layer Two
compatibility<00:10:38.880><c> cross-chain</c><00:10:39.519><c> interactions</c>

00:10:40.509 --> 00:10:40.519 align:start position:0%
compatibility cross-chain interactions
 

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compatibility cross-chain interactions
can<00:10:40.720><c> be</c><00:10:40.959><c> abstracted</c><00:10:41.920><c> users</c><00:10:42.399><c> interact</c><00:10:42.839><c> with</c><00:10:43.040><c> D5</c>

00:10:43.509 --> 00:10:43.519 align:start position:0%
can be abstracted users interact with D5
 

00:10:43.519 --> 00:10:45.629 align:start position:0%
can be abstracted users interact with D5
protocols<00:10:44.279><c> without</c><00:10:44.600><c> needing</c><00:10:44.920><c> to</c><00:10:45.279><c> manually</c>

00:10:45.629 --> 00:10:45.639 align:start position:0%
protocols without needing to manually
 

00:10:45.639 --> 00:10:48.190 align:start position:0%
protocols without needing to manually
Bridge<00:10:46.040><c> the</c><00:10:46.279><c> assets</c><00:10:47.040><c> or</c><00:10:47.279><c> even</c><00:10:47.480><c> be</c><00:10:47.680><c> aware</c><00:10:48.079><c> of</c>

00:10:48.190 --> 00:10:48.200 align:start position:0%
Bridge the assets or even be aware of
 

00:10:48.200 --> 00:10:50.509 align:start position:0%
Bridge the assets or even be aware of
the<00:10:48.320><c> underlying</c><00:10:49.160><c> network</c><00:10:50.160><c> account</c>

00:10:50.509 --> 00:10:50.519 align:start position:0%
the underlying network account
 

00:10:50.519 --> 00:10:52.710 align:start position:0%
the underlying network account
abstraction<00:10:51.279><c> is</c><00:10:51.480><c> not</c><00:10:51.760><c> just</c><00:10:51.959><c> about</c><00:10:52.240><c> solving</c>

00:10:52.710 --> 00:10:52.720 align:start position:0%
abstraction is not just about solving
 

00:10:52.720 --> 00:10:55.629 align:start position:0%
abstraction is not just about solving
these<00:10:52.920><c> us</c><00:10:53.440><c> ux</c><00:10:53.839><c> frictions</c><00:10:54.760><c> it's</c><00:10:54.959><c> about</c><00:10:55.200><c> truly</c>

00:10:55.629 --> 00:10:55.639 align:start position:0%
these us ux frictions it's about truly
 

00:10:55.639 --> 00:10:58.069 align:start position:0%
these us ux frictions it's about truly
unlocking<00:10:56.200><c> the</c><00:10:56.399><c> potential</c><00:10:56.800><c> of</c><00:10:57.000><c> defi</c><00:10:57.959><c> it</c>

00:10:58.069 --> 00:10:58.079 align:start position:0%
unlocking the potential of defi it
 

00:10:58.079 --> 00:11:00.430 align:start position:0%
unlocking the potential of defi it
Bridges<00:10:58.560><c> the</c><00:10:58.760><c> gap</c><00:10:58.959><c> between</c><00:10:59.320><c> between</c><00:10:59.720><c> web</c><00:11:00.000><c> 3</c>

00:11:00.430 --> 00:11:00.440 align:start position:0%
Bridges the gap between between web 3
 

00:11:00.440 --> 00:11:03.750 align:start position:0%
Bridges the gap between between web 3
and<00:11:00.639><c> web</c><00:11:00.880><c> 2</c><00:11:01.519><c> to</c><00:11:01.720><c> offer</c><00:11:02.079><c> more</c><00:11:02.440><c> intuitive</c><00:11:03.440><c> more</c>

00:11:03.750 --> 00:11:03.760 align:start position:0%
and web 2 to offer more intuitive more
 

00:11:03.760 --> 00:11:06.750 align:start position:0%
and web 2 to offer more intuitive more
secure<00:11:04.720><c> experiences</c><00:11:05.720><c> so</c><00:11:05.959><c> that</c><00:11:06.240><c> many</c><00:11:06.519><c> more</c>

00:11:06.750 --> 00:11:06.760 align:start position:0%
secure experiences so that many more
 

00:11:06.760 --> 00:11:09.509 align:start position:0%
secure experiences so that many more
non-native<00:11:07.600><c> crypto</c><00:11:08.000><c> users</c><00:11:08.639><c> can</c><00:11:08.920><c> participate</c>

00:11:09.509 --> 00:11:09.519 align:start position:0%
non-native crypto users can participate
 

00:11:09.519 --> 00:11:13.110 align:start position:0%
non-native crypto users can participate
in<00:11:09.680><c> defi</c><00:11:10.480><c> with</c><00:11:10.720><c> ease</c><00:11:11.240><c> and</c>

00:11:13.110 --> 00:11:13.120 align:start position:0%
in defi with ease and
 

00:11:13.120 --> 00:11:15.590 align:start position:0%
in defi with ease and
confidence<00:11:14.120><c> now</c><00:11:14.480><c> I</c><00:11:14.600><c> want</c><00:11:14.720><c> to</c><00:11:14.920><c> give</c><00:11:15.079><c> you</c><00:11:15.279><c> a</c><00:11:15.399><c> real</c>

00:11:15.590 --> 00:11:15.600 align:start position:0%
confidence now I want to give you a real
 

00:11:15.600 --> 00:11:18.430 align:start position:0%
confidence now I want to give you a real
world<00:11:15.920><c> example</c><00:11:16.519><c> of</c><00:11:16.680><c> how</c><00:11:16.920><c> innovation</c><00:11:17.480><c> in</c><00:11:17.680><c> defi</c>

00:11:18.430 --> 00:11:18.440 align:start position:0%
world example of how innovation in defi
 

00:11:18.440 --> 00:11:21.069 align:start position:0%
world example of how innovation in defi
is<00:11:18.680><c> causing</c><00:11:19.399><c> major</c><00:11:19.720><c> ripples</c><00:11:20.560><c> in</c><00:11:20.680><c> the</c><00:11:20.800><c> world</c>

00:11:21.069 --> 00:11:21.079 align:start position:0%
is causing major ripples in the world
 

00:11:21.079 --> 00:11:23.990 align:start position:0%
is causing major ripples in the world
today<00:11:22.079><c> poly</c><00:11:22.480><c> Market</c><00:11:22.880><c> is</c><00:11:22.959><c> a</c><00:11:23.160><c> decentralized</c>

00:11:23.990 --> 00:11:24.000 align:start position:0%
today poly Market is a decentralized
 

00:11:24.000 --> 00:11:26.269 align:start position:0%
today poly Market is a decentralized
prediction<00:11:24.560><c> Market</c><00:11:25.519><c> which</c><00:11:25.720><c> has</c><00:11:25.880><c> taken</c><00:11:26.200><c> the</c>

00:11:26.269 --> 00:11:26.279 align:start position:0%
prediction Market which has taken the
 

00:11:26.279 --> 00:11:28.509 align:start position:0%
prediction Market which has taken the
World<00:11:26.560><c> by</c><00:11:26.800><c> storm</c><00:11:27.320><c> because</c><00:11:27.519><c> of</c><00:11:27.639><c> the</c><00:11:27.800><c> recent</c><00:11:28.160><c> US</c>

00:11:28.509 --> 00:11:28.519 align:start position:0%
World by storm because of the recent US
 

00:11:28.519 --> 00:11:30.910 align:start position:0%
World by storm because of the recent US
presidential<00:11:29.000><c> election</c><00:11:29.320><c> c</c><00:11:29.519><c> s</c><00:11:30.519><c> something</c>

00:11:30.910 --> 00:11:30.920 align:start position:0%
presidential election c s something
 

00:11:30.920 --> 00:11:33.470 align:start position:0%
presidential election c s something
that's<00:11:31.160><c> not</c><00:11:31.399><c> talked</c><00:11:31.680><c> about</c><00:11:32.120><c> enough</c><00:11:33.120><c> is</c><00:11:33.279><c> that</c>

00:11:33.470 --> 00:11:33.480 align:start position:0%
that's not talked about enough is that
 

00:11:33.480 --> 00:11:35.670 align:start position:0%
that's not talked about enough is that
poly<00:11:33.800><c> Market</c><00:11:34.079><c> uses</c><00:11:34.519><c> safe</c><00:11:35.000><c> in</c><00:11:35.120><c> its</c>

00:11:35.670 --> 00:11:35.680 align:start position:0%
poly Market uses safe in its
 

00:11:35.680 --> 00:11:37.870 align:start position:0%
poly Market uses safe in its
architecture<00:11:36.680><c> if</c><00:11:36.760><c> you</c><00:11:36.920><c> register</c><00:11:37.360><c> on</c><00:11:37.560><c> poly</c>

00:11:37.870 --> 00:11:37.880 align:start position:0%
architecture if you register on poly
 

00:11:37.880 --> 00:11:40.910 align:start position:0%
architecture if you register on poly
Market<00:11:38.360><c> using</c><00:11:38.680><c> metamask</c><00:11:39.639><c> it</c><00:11:39.800><c> spins</c><00:11:40.120><c> up</c><00:11:40.320><c> a</c><00:11:40.560><c> safe</c>

00:11:40.910 --> 00:11:40.920 align:start position:0%
Market using metamask it spins up a safe
 

00:11:40.920 --> 00:11:43.870 align:start position:0%
Market using metamask it spins up a safe
proxy<00:11:41.279><c> wallet</c><00:11:41.600><c> for</c><00:11:41.760><c> you</c><00:11:41.920><c> on</c><00:11:42.560><c> polygon</c><00:11:43.560><c> poly</c>

00:11:43.870 --> 00:11:43.880 align:start position:0%
proxy wallet for you on polygon poly
 

00:11:43.880 --> 00:11:46.430 align:start position:0%
proxy wallet for you on polygon poly
Market's<00:11:44.279><c> use</c><00:11:44.639><c> of</c><00:11:44.880><c> safe</c><00:11:45.279><c> in</c><00:11:45.399><c> its</c><00:11:45.600><c> architecture</c>

00:11:46.430 --> 00:11:46.440 align:start position:0%
Market's use of safe in its architecture
 

00:11:46.440 --> 00:11:49.269 align:start position:0%
Market's use of safe in its architecture
is<00:11:46.560><c> a</c><00:11:46.760><c> critical</c><00:11:47.200><c> component</c><00:11:48.160><c> to</c><00:11:48.440><c> its</c><00:11:48.800><c> ux</c>

00:11:49.269 --> 00:11:49.279 align:start position:0%
is a critical component to its ux
 

00:11:49.279 --> 00:11:53.030 align:start position:0%
is a critical component to its ux
strategy<00:11:49.959><c> and</c><00:11:50.639><c> security</c><00:11:51.639><c> by</c><00:11:52.040><c> leveraging</c>

00:11:53.030 --> 00:11:53.040 align:start position:0%
strategy and security by leveraging
 

00:11:53.040 --> 00:11:55.069 align:start position:0%
strategy and security by leveraging
proxy<00:11:53.519><c> wallets</c><00:11:54.279><c> and</c><00:11:54.480><c> maintaining</c><00:11:54.920><c> a</c>

00:11:55.069 --> 00:11:55.079 align:start position:0%
proxy wallets and maintaining a
 

00:11:55.079 --> 00:11:57.550 align:start position:0%
proxy wallets and maintaining a
non-custodial<00:11:55.880><c> approach</c><00:11:56.880><c> poly</c><00:11:57.279><c> Market</c>

00:11:57.550 --> 00:11:57.560 align:start position:0%
non-custodial approach poly Market
 

00:11:57.560 --> 00:11:59.990 align:start position:0%
non-custodial approach poly Market
ensures<00:11:58.079><c> that</c><00:11:58.240><c> its</c><00:11:58.519><c> users</c><00:11:59.000><c> have</c><00:11:59.360><c> control</c><00:11:59.720><c> over</c>

00:11:59.990 --> 00:12:00.000 align:start position:0%
ensures that its users have control over
 

00:12:00.000 --> 00:12:02.629 align:start position:0%
ensures that its users have control over
their<00:12:00.320><c> funds</c><00:12:01.320><c> while</c><00:12:01.560><c> still</c><00:12:01.880><c> benefiting</c><00:12:02.440><c> from</c>

00:12:02.629 --> 00:12:02.639 align:start position:0%
their funds while still benefiting from
 

00:12:02.639 --> 00:12:04.829 align:start position:0%
their funds while still benefiting from
enhanced<00:12:03.160><c> functionality</c><00:12:03.959><c> and</c><00:12:04.120><c> the</c><00:12:04.320><c> security</c>

00:12:04.829 --> 00:12:04.839 align:start position:0%
enhanced functionality and the security
 

00:12:04.839 --> 00:12:07.870 align:start position:0%
enhanced functionality and the security
that<00:12:05.000><c> safe</c><00:12:05.720><c> offers</c><00:12:06.720><c> and</c><00:12:07.240><c> here</c><00:12:07.480><c> I</c><00:12:07.600><c> would</c><00:12:07.760><c> like</c>

00:12:07.870 --> 00:12:07.880 align:start position:0%
that safe offers and here I would like
 

00:12:07.880 --> 00:12:09.550 align:start position:0%
that safe offers and here I would like
to<00:12:08.040><c> take</c><00:12:08.160><c> a</c><00:12:08.320><c> look</c><00:12:08.440><c> at</c><00:12:08.600><c> some</c>

00:12:09.550 --> 00:12:09.560 align:start position:0%
to take a look at some
 

00:12:09.560 --> 00:12:12.670 align:start position:0%
to take a look at some
numbers<00:12:10.560><c> so</c><00:12:10.800><c> far</c><00:12:11.240><c> poly</c><00:12:11.560><c> Market</c><00:12:11.959><c> has</c><00:12:12.120><c> created</c>

00:12:12.670 --> 00:12:12.680 align:start position:0%
numbers so far poly Market has created
 

00:12:12.680 --> 00:12:13.470 align:start position:0%
numbers so far poly Market has created
about

00:12:13.470 --> 00:12:13.480 align:start position:0%
about
 

00:12:13.480 --> 00:12:15.470 align:start position:0%
about
420,000

00:12:15.470 --> 00:12:15.480 align:start position:0%
420,000
 

00:12:15.480 --> 00:12:18.189 align:start position:0%
420,000
saves<00:12:16.480><c> and</c><00:12:16.880><c> the</c><00:12:17.040><c> number</c><00:12:17.279><c> of</c><00:12:17.480><c> transactions</c>

00:12:18.189 --> 00:12:18.199 align:start position:0%
saves and the number of transactions
 

00:12:18.199 --> 00:12:20.110 align:start position:0%
saves and the number of transactions
that<00:12:18.600><c> went</c>

00:12:20.110 --> 00:12:20.120 align:start position:0%
that went
 

00:12:20.120 --> 00:12:21.670 align:start position:0%
that went
through

00:12:21.670 --> 00:12:21.680 align:start position:0%
through
 

00:12:21.680 --> 00:12:24.470 align:start position:0%
through
oopsy<00:12:22.680><c> sorry</c><00:12:23.000><c> about</c><00:12:23.320><c> that</c><00:12:23.839><c> and</c><00:12:23.959><c> the</c><00:12:24.079><c> number</c><00:12:24.279><c> of</c>

00:12:24.470 --> 00:12:24.480 align:start position:0%
oopsy sorry about that and the number of
 

00:12:24.480 --> 00:12:26.710 align:start position:0%
oopsy sorry about that and the number of
transactions<00:12:25.160><c> that</c><00:12:25.279><c> went</c><00:12:25.560><c> through</c><00:12:25.839><c> safe</c><00:12:26.440><c> on</c>

00:12:26.710 --> 00:12:26.720 align:start position:0%
transactions that went through safe on
 

00:12:26.720 --> 00:12:30.150 align:start position:0%
transactions that went through safe on
poly<00:12:27.079><c> Market</c><00:12:27.880><c> were</c><00:12:28.160><c> about</c><00:12:28.440><c> 1.6</c><00:12:29.199><c> million</c><00:12:30.000><c> which</c>

00:12:30.150 --> 00:12:30.160 align:start position:0%
poly Market were about 1.6 million which
 

00:12:30.160 --> 00:12:34.430 align:start position:0%
poly Market were about 1.6 million which
is<00:12:30.560><c> approximately</c><00:12:31.560><c> 3.7</c><00:12:32.680><c> transactions</c><00:12:33.680><c> per</c>

00:12:34.430 --> 00:12:34.440 align:start position:0%
is approximately 3.7 transactions per
 

00:12:34.440 --> 00:12:37.949 align:start position:0%
is approximately 3.7 transactions per
account<00:12:35.440><c> quite</c><00:12:35.680><c> sticky</c><00:12:36.079><c> enough</c><00:12:36.320><c> for</c><00:12:36.480><c> web</c><00:12:36.959><c> 3</c>

00:12:37.949 --> 00:12:37.959 align:start position:0%
account quite sticky enough for web 3
 

00:12:37.959 --> 00:12:40.150 align:start position:0%
account quite sticky enough for web 3
and<00:12:38.160><c> finally</c><00:12:38.720><c> so</c><00:12:38.959><c> far</c><00:12:39.160><c> the</c><00:12:39.279><c> betting</c><00:12:39.639><c> volume</c><00:12:39.959><c> on</c>

00:12:40.150 --> 00:12:40.160 align:start position:0%
and finally so far the betting volume on
 

00:12:40.160 --> 00:12:44.269 align:start position:0%
and finally so far the betting volume on
polygon<00:12:41.040><c> uh</c><00:12:41.160><c> on</c><00:12:41.360><c> poly</c><00:12:41.720><c> Market</c><00:12:42.120><c> is</c><00:12:42.360><c> 5.7</c><00:12:43.279><c> billion</c>

00:12:44.269 --> 00:12:44.279 align:start position:0%
polygon uh on poly Market is 5.7 billion
 

00:12:44.279 --> 00:12:46.509 align:start position:0%
polygon uh on poly Market is 5.7 billion
and<00:12:44.519><c> as</c><00:12:44.639><c> we</c><00:12:44.800><c> see</c><00:12:45.040><c> it</c><00:12:45.760><c> the</c><00:12:45.959><c> smallest</c>

00:12:46.509 --> 00:12:46.519 align:start position:0%
and as we see it the smallest
 

00:12:46.519 --> 00:12:49.030 align:start position:0%
and as we see it the smallest
Innovations<00:12:47.279><c> in</c><00:12:47.519><c> account</c><00:12:47.880><c> abstraction</c><00:12:48.800><c> like</c>

00:12:49.030 --> 00:12:49.040 align:start position:0%
Innovations in account abstraction like
 

00:12:49.040 --> 00:12:51.910 align:start position:0%
Innovations in account abstraction like
easy<00:12:49.360><c> onboarding</c><00:12:50.040><c> experience</c><00:12:50.920><c> can</c><00:12:51.160><c> set</c><00:12:51.440><c> off</c><00:12:51.720><c> a</c>

00:12:51.910 --> 00:12:51.920 align:start position:0%
easy onboarding experience can set off a
 

00:12:51.920 --> 00:12:55.350 align:start position:0%
easy onboarding experience can set off a
Cascade<00:12:52.519><c> of</c><00:12:52.680><c> transformative</c><00:12:53.600><c> events</c><00:12:54.600><c> in</c><00:12:54.760><c> defi</c>

00:12:55.350 --> 00:12:55.360 align:start position:0%
Cascade of transformative events in defi
 

00:12:55.360 --> 00:12:57.430 align:start position:0%
Cascade of transformative events in defi
Innovations<00:12:55.959><c> like</c><00:12:56.160><c> account</c><00:12:56.519><c> abstraction</c><00:12:57.199><c> are</c>

00:12:57.430 --> 00:12:57.440 align:start position:0%
Innovations like account abstraction are
 

00:12:57.440 --> 00:12:59.870 align:start position:0%
Innovations like account abstraction are
not<00:12:57.680><c> just</c><00:12:57.839><c> a</c><00:12:58.079><c> technical</c><00:12:58.519><c> upgrade</c><00:12:59.320><c> there</c><00:12:59.639><c> a</c>

00:12:59.870 --> 00:12:59.880 align:start position:0%
not just a technical upgrade there a
 

00:12:59.880 --> 00:13:01.949 align:start position:0%
not just a technical upgrade there a
catalyst<00:13:00.320><c> for</c><00:13:00.480><c> the</c><00:13:00.680><c> future</c><00:13:01.199><c> where</c><00:13:01.440><c> Finance</c>

00:13:01.949 --> 00:13:01.959 align:start position:0%
catalyst for the future where Finance
 

00:13:01.959 --> 00:13:04.910 align:start position:0%
catalyst for the future where Finance
becomes<00:13:02.360><c> more</c><00:13:02.720><c> accessible</c><00:13:03.600><c> more</c><00:13:03.920><c> secure</c><00:13:04.760><c> and</c>

00:13:04.910 --> 00:13:04.920 align:start position:0%
becomes more accessible more secure and
 

00:13:04.920 --> 00:13:06.629 align:start position:0%
becomes more accessible more secure and
more

00:13:06.629 --> 00:13:06.639 align:start position:0%
more
 

00:13:06.639 --> 00:13:09.590 align:start position:0%
more
efficient<00:13:07.639><c> while</c><00:13:07.920><c> these</c><00:13:08.160><c> numbers</c><00:13:08.839><c> are</c><00:13:09.040><c> quite</c>

00:13:09.590 --> 00:13:09.600 align:start position:0%
efficient while these numbers are quite
 

00:13:09.600 --> 00:13:12.509 align:start position:0%
efficient while these numbers are quite
optimistic<00:13:10.600><c> addressing</c><00:13:11.079><c> defi</c><00:13:11.760><c> gives</c><00:13:12.040><c> rise</c><00:13:12.320><c> to</c>

00:13:12.509 --> 00:13:12.519 align:start position:0%
optimistic addressing defi gives rise to
 

00:13:12.519 --> 00:13:15.430 align:start position:0%
optimistic addressing defi gives rise to
several<00:13:12.959><c> challenges</c><00:13:13.560><c> and</c><00:13:13.920><c> paradoxes</c><00:13:14.920><c> where</c>

00:13:15.430 --> 00:13:15.440 align:start position:0%
several challenges and paradoxes where
 

00:13:15.440 --> 00:13:19.030 align:start position:0%
several challenges and paradoxes where
solving<00:13:15.959><c> one</c><00:13:16.360><c> problem</c><00:13:17.120><c> creates</c><00:13:17.760><c> new</c><00:13:18.120><c> problems</c>

00:13:19.030 --> 00:13:19.040 align:start position:0%
solving one problem creates new problems
 

00:13:19.040 --> 00:13:21.870 align:start position:0%
solving one problem creates new problems
or<00:13:19.279><c> it</c><00:13:19.440><c> reveals</c><00:13:20.040><c> conflicting</c><00:13:20.880><c> priorities</c>

00:13:21.870 --> 00:13:21.880 align:start position:0%
or it reveals conflicting priorities
 

00:13:21.880 --> 00:13:23.949 align:start position:0%
or it reveals conflicting priorities
let's<00:13:22.160><c> take</c><00:13:22.320><c> a</c><00:13:22.440><c> look</c><00:13:22.600><c> at</c>

00:13:23.949 --> 00:13:23.959 align:start position:0%
let's take a look at
 

00:13:23.959 --> 00:13:26.829 align:start position:0%
let's take a look at
them<00:13:24.959><c> the</c><00:13:25.079><c> first</c><00:13:25.399><c> Paradox</c><00:13:26.000><c> is</c><00:13:26.120><c> of</c><00:13:26.399><c> security</c>

00:13:26.829 --> 00:13:26.839 align:start position:0%
them the first Paradox is of security
 

00:13:26.839 --> 00:13:29.389 align:start position:0%
them the first Paradox is of security
versus<00:13:27.519><c> convenience</c><00:13:28.519><c> this</c><00:13:28.720><c> highlights</c><00:13:29.279><c> the</c>

00:13:29.389 --> 00:13:29.399 align:start position:0%
versus convenience this highlights the
 

00:13:29.399 --> 00:13:32.110 align:start position:0%
versus convenience this highlights the
tension<00:13:30.160><c> between</c><00:13:31.000><c> making</c><00:13:31.440><c> systems</c><00:13:31.880><c> that</c><00:13:31.959><c> are</c>

00:13:32.110 --> 00:13:32.120 align:start position:0%
tension between making systems that are
 

00:13:32.120 --> 00:13:34.430 align:start position:0%
tension between making systems that are
more<00:13:32.399><c> secure</c><00:13:33.240><c> and</c><00:13:33.440><c> ensuring</c><00:13:34.000><c> that</c><00:13:34.160><c> they</c>

00:13:34.430 --> 00:13:34.440 align:start position:0%
more secure and ensuring that they
 

00:13:34.440 --> 00:13:36.710 align:start position:0%
more secure and ensuring that they
remain<00:13:34.680><c> convenient</c><00:13:35.199><c> for</c><00:13:35.360><c> the</c><00:13:35.480><c> users</c><00:13:35.839><c> to</c><00:13:36.040><c> use</c>

00:13:36.710 --> 00:13:36.720 align:start position:0%
remain convenient for the users to use
 

00:13:36.720 --> 00:13:38.430 align:start position:0%
remain convenient for the users to use
and<00:13:36.839><c> striking</c><00:13:37.320><c> the</c><00:13:37.480><c> right</c><00:13:37.680><c> balance</c><00:13:38.079><c> between</c>

00:13:38.430 --> 00:13:38.440 align:start position:0%
and striking the right balance between
 

00:13:38.440 --> 00:13:42.230 align:start position:0%
and striking the right balance between
the<00:13:38.560><c> two</c><00:13:39.360><c> is</c><00:13:39.519><c> the</c><00:13:39.680><c> key</c><00:13:39.920><c> to</c><00:13:40.320><c> Great</c><00:13:40.639><c> user</c>

00:13:42.230 --> 00:13:42.240 align:start position:0%
the two is the key to Great user
 

00:13:42.240 --> 00:13:44.710 align:start position:0%
the two is the key to Great user
experience<00:13:43.240><c> one</c><00:13:43.360><c> of</c><00:13:43.519><c> the</c><00:13:43.720><c> advantages</c><00:13:44.480><c> of</c>

00:13:44.710 --> 00:13:44.720 align:start position:0%
experience one of the advantages of
 

00:13:44.720 --> 00:13:46.829 align:start position:0%
experience one of the advantages of
account<00:13:45.120><c> abstraction</c><00:13:45.760><c> is</c><00:13:45.920><c> its</c><00:13:46.199><c> ability</c><00:13:46.560><c> to</c>

00:13:46.829 --> 00:13:46.839 align:start position:0%
account abstraction is its ability to
 

00:13:46.839 --> 00:13:49.030 align:start position:0%
account abstraction is its ability to
provide<00:13:47.279><c> Advanced</c><00:13:47.720><c> security</c><00:13:48.160><c> features</c><00:13:48.880><c> such</c>

00:13:49.030 --> 00:13:49.040 align:start position:0%
provide Advanced security features such
 

00:13:49.040 --> 00:13:51.710 align:start position:0%
provide Advanced security features such
as<00:13:49.199><c> multisig</c><00:13:49.760><c> wallets</c><00:13:50.440><c> social</c><00:13:50.800><c> recovery</c><00:13:51.360><c> me</c>

00:13:51.710 --> 00:13:51.720 align:start position:0%
as multisig wallets social recovery me
 

00:13:51.720 --> 00:13:54.110 align:start position:0%
as multisig wallets social recovery me
mechanisms<00:13:52.720><c> and</c><00:13:52.880><c> these</c><00:13:53.120><c> features</c><00:13:53.639><c> enhance</c>

00:13:54.110 --> 00:13:54.120 align:start position:0%
mechanisms and these features enhance
 

00:13:54.120 --> 00:13:56.910 align:start position:0%
mechanisms and these features enhance
the<00:13:54.279><c> security</c><00:13:54.720><c> of</c><00:13:54.920><c> user</c><00:13:55.440><c> assets</c><00:13:56.279><c> by</c><00:13:56.440><c> reducing</c>

00:13:56.910 --> 00:13:56.920 align:start position:0%
the security of user assets by reducing
 

00:13:56.920 --> 00:13:58.749 align:start position:0%
the security of user assets by reducing
the<00:13:57.079><c> risks</c><00:13:57.600><c> associated</c><00:13:58.199><c> with</c><00:13:58.360><c> the</c><00:13:58.480><c> private</c>

00:13:58.749 --> 00:13:58.759 align:start position:0%
the risks associated with the private
 

00:13:58.759 --> 00:14:02.590 align:start position:0%
the risks associated with the private
key<00:13:59.240><c> L</c><00:14:00.240><c> however</c><00:14:00.800><c> adding</c><00:14:01.199><c> extra</c><00:14:01.560><c> steps</c><00:14:02.199><c> or</c>

00:14:02.590 --> 00:14:02.600 align:start position:0%
key L however adding extra steps or
 

00:14:02.600 --> 00:14:05.310 align:start position:0%
key L however adding extra steps or
extra<00:14:02.920><c> layers</c><00:14:03.240><c> of</c><00:14:03.480><c> security</c><00:14:04.440><c> comes</c><00:14:04.839><c> at</c><00:14:05.160><c> a</c>

00:14:05.310 --> 00:14:05.320 align:start position:0%
extra layers of security comes at a
 

00:14:05.320 --> 00:14:07.509 align:start position:0%
extra layers of security comes at a
great<00:14:05.680><c> expense</c><00:14:06.040><c> of</c><00:14:06.279><c> convenience</c><00:14:07.279><c> for</c>

00:14:07.509 --> 00:14:07.519 align:start position:0%
great expense of convenience for
 

00:14:07.519 --> 00:14:09.829 align:start position:0%
great expense of convenience for
instance<00:14:08.320><c> in</c><00:14:08.440><c> a</c><00:14:08.560><c> multisig</c><00:14:09.160><c> wallet</c><00:14:09.680><c> it</c>

00:14:09.829 --> 00:14:09.839 align:start position:0%
instance in a multisig wallet it
 

00:14:09.839 --> 00:14:11.790 align:start position:0%
instance in a multisig wallet it
requires<00:14:10.320><c> several</c><00:14:10.680><c> parties</c><00:14:11.079><c> to</c><00:14:11.240><c> sign</c><00:14:11.480><c> off</c><00:14:11.639><c> a</c>

00:14:11.790 --> 00:14:11.800 align:start position:0%
requires several parties to sign off a
 

00:14:11.800 --> 00:14:14.910 align:start position:0%
requires several parties to sign off a
transaction<00:14:12.800><c> before</c><00:14:13.079><c> it</c><00:14:13.240><c> hits</c><00:14:13.480><c> the</c><00:14:13.600><c> chain</c><00:14:14.600><c> or</c>

00:14:14.910 --> 00:14:14.920 align:start position:0%
transaction before it hits the chain or
 

00:14:14.920 --> 00:14:17.430 align:start position:0%
transaction before it hits the chain or
with<00:14:15.160><c> social</c><00:14:15.480><c> recovery</c><00:14:16.079><c> mechanisms</c><00:14:17.079><c> it</c><00:14:17.199><c> is</c>

00:14:17.430 --> 00:14:17.440 align:start position:0%
with social recovery mechanisms it is
 

00:14:17.440 --> 00:14:19.710 align:start position:0%
with social recovery mechanisms it is
designed<00:14:17.839><c> to</c><00:14:18.079><c> involve</c><00:14:18.680><c> several</c><00:14:19.199><c> trusted</c>

00:14:19.710 --> 00:14:19.720 align:start position:0%
designed to involve several trusted
 

00:14:19.720 --> 00:14:22.269 align:start position:0%
designed to involve several trusted
parties<00:14:20.600><c> which</c><00:14:20.800><c> require</c><00:14:21.199><c> some</c><00:14:21.440><c> coordination</c>

00:14:22.269 --> 00:14:22.279 align:start position:0%
parties which require some coordination
 

00:14:22.279 --> 00:14:24.829 align:start position:0%
parties which require some coordination
and<00:14:22.680><c> forethought</c><00:14:23.680><c> and</c><00:14:23.880><c> while</c><00:14:24.120><c> these</c><00:14:24.360><c> features</c>

00:14:24.829 --> 00:14:24.839 align:start position:0%
and forethought and while these features
 

00:14:24.839 --> 00:14:27.670 align:start position:0%
and forethought and while these features
make<00:14:25.240><c> accounts</c><00:14:25.680><c> more</c><00:14:26.120><c> secure</c><00:14:27.120><c> they</c><00:14:27.360><c> also</c>

00:14:27.670 --> 00:14:27.680 align:start position:0%
make accounts more secure they also
 

00:14:27.680 --> 00:14:30.670 align:start position:0%
make accounts more secure they also
introduce<00:14:28.199><c> friction</c><00:14:28.720><c> in</c><00:14:29.120><c> day-to-day</c>

00:14:30.670 --> 00:14:30.680 align:start position:0%
introduce friction in day-to-day
 

00:14:30.680 --> 00:14:33.350 align:start position:0%
introduce friction in day-to-day
use<00:14:31.680><c> the</c><00:14:31.839><c> second</c><00:14:32.160><c> Paradox</c><00:14:32.839><c> that</c><00:14:32.959><c> I</c><00:14:33.040><c> want</c><00:14:33.199><c> to</c>

00:14:33.350 --> 00:14:33.360 align:start position:0%
use the second Paradox that I want to
 

00:14:33.360 --> 00:14:35.829 align:start position:0%
use the second Paradox that I want to
talk<00:14:33.600><c> about</c><00:14:33.920><c> is</c><00:14:34.199><c> customization</c><00:14:34.959><c> versus</c>

00:14:35.829 --> 00:14:35.839 align:start position:0%
talk about is customization versus
 

00:14:35.839 --> 00:14:37.509 align:start position:0%
talk about is customization versus
standardization<00:14:36.839><c> while</c><00:14:37.199><c> account</c>

00:14:37.509 --> 00:14:37.519 align:start position:0%
standardization while account
 

00:14:37.519 --> 00:14:39.389 align:start position:0%
standardization while account
abstraction<00:14:38.279><c> offers</c><00:14:38.720><c> great</c><00:14:38.959><c> level</c><00:14:39.240><c> of</c>

00:14:39.389 --> 00:14:39.399 align:start position:0%
abstraction offers great level of
 

00:14:39.399 --> 00:14:42.269 align:start position:0%
abstraction offers great level of
flexibility<00:14:40.199><c> to</c><00:14:40.399><c> users</c><00:14:40.839><c> to</c><00:14:41.040><c> Define</c><00:14:41.440><c> their</c><00:14:41.759><c> own</c>

00:14:42.269 --> 00:14:42.279 align:start position:0%
flexibility to users to Define their own
 

00:14:42.279 --> 00:14:44.710 align:start position:0%
flexibility to users to Define their own
account<00:14:42.759><c> behavior</c><00:14:43.759><c> and</c><00:14:43.959><c> this</c><00:14:44.120><c> includes</c>

00:14:44.710 --> 00:14:44.720 align:start position:0%
account behavior and this includes
 

00:14:44.720 --> 00:14:47.670 align:start position:0%
account behavior and this includes
custom<00:14:45.720><c> uh</c><00:14:46.000><c> transaction</c><00:14:46.600><c> logic</c><00:14:47.079><c> as</c><00:14:47.279><c> promised</c>

00:14:47.670 --> 00:14:47.680 align:start position:0%
custom uh transaction logic as promised
 

00:14:47.680 --> 00:14:49.030 align:start position:0%
custom uh transaction logic as promised
by<00:14:47.839><c> ERC</c>

00:14:49.030 --> 00:14:49.040 align:start position:0%
by ERC
 

00:14:49.040 --> 00:14:52.749 align:start position:0%
by ERC
7579<00:14:50.040><c> or</c><00:14:50.360><c> automated</c><00:14:51.079><c> workflows</c><00:14:52.079><c> users</c><00:14:52.519><c> can</c>

00:14:52.749 --> 00:14:52.759 align:start position:0%
7579 or automated workflows users can
 

00:14:52.759 --> 00:14:55.629 align:start position:0%
7579 or automated workflows users can
create<00:14:53.720><c> account</c><00:14:54.199><c> personas</c><00:14:55.040><c> that</c><00:14:55.160><c> fit</c><00:14:55.399><c> to</c>

00:14:55.629 --> 00:14:55.639 align:start position:0%
create account personas that fit to
 

00:14:55.639 --> 00:14:57.790 align:start position:0%
create account personas that fit to
their<00:14:55.880><c> needs</c><00:14:56.680><c> for</c><00:14:57.079><c> either</c><00:14:57.360><c> trading</c>

00:14:57.790 --> 00:14:57.800 align:start position:0%
their needs for either trading
 

00:14:57.800 --> 00:15:00.110 align:start position:0%
their needs for either trading
strategies<00:14:58.360><c> or</c><00:14:58.560><c> rebalance</c><00:14:59.160><c> ing</c><00:14:59.360><c> portfolios</c>

00:15:00.110 --> 00:15:00.120 align:start position:0%
strategies or rebalance ing portfolios
 

00:15:00.120 --> 00:15:02.790 align:start position:0%
strategies or rebalance ing portfolios
or<00:15:00.320><c> just</c><00:15:00.440><c> to</c><00:15:00.639><c> hold</c><00:15:01.320><c> assets</c><00:15:02.320><c> however</c><00:15:02.639><c> with</c>

00:15:02.790 --> 00:15:02.800 align:start position:0%
or just to hold assets however with
 

00:15:02.800 --> 00:15:05.030 align:start position:0%
or just to hold assets however with
increased<00:15:03.360><c> customization</c><00:15:04.360><c> comes</c><00:15:04.639><c> the</c><00:15:04.839><c> risk</c>

00:15:05.030 --> 00:15:05.040 align:start position:0%
increased customization comes the risk
 

00:15:05.040 --> 00:15:07.870 align:start position:0%
increased customization comes the risk
of<00:15:05.440><c> fragmentation</c><00:15:06.440><c> and</c><00:15:06.680><c> standardization</c><00:15:07.680><c> is</c>

00:15:07.870 --> 00:15:07.880 align:start position:0%
of fragmentation and standardization is
 

00:15:07.880 --> 00:15:10.150 align:start position:0%
of fragmentation and standardization is
very<00:15:08.120><c> critical</c><00:15:08.560><c> to</c><00:15:08.720><c> ensure</c><00:15:09.160><c> that</c><00:15:09.360><c> different</c>

00:15:10.150 --> 00:15:10.160 align:start position:0%
very critical to ensure that different
 

00:15:10.160 --> 00:15:12.470 align:start position:0%
very critical to ensure that different
wallets<00:15:10.880><c> protocols</c><00:15:11.519><c> Services</c><00:15:12.120><c> they</c><00:15:12.279><c> work</c>

00:15:12.470 --> 00:15:12.480 align:start position:0%
wallets protocols Services they work
 

00:15:12.480 --> 00:15:15.110 align:start position:0%
wallets protocols Services they work
seamlessly<00:15:13.279><c> together</c><00:15:14.079><c> and</c><00:15:14.320><c> everybody</c><00:15:14.839><c> can</c>

00:15:15.110 --> 00:15:15.120 align:start position:0%
seamlessly together and everybody can
 

00:15:15.120 --> 00:15:17.629 align:start position:0%
seamlessly together and everybody can
create<00:15:15.480><c> their</c><00:15:15.880><c> own</c><00:15:16.720><c> custom</c><00:15:17.279><c> account</c>

00:15:17.629 --> 00:15:17.639 align:start position:0%
create their own custom account
 

00:15:17.639 --> 00:15:19.670 align:start position:0%
create their own custom account
behaviors<00:15:18.639><c> and</c><00:15:18.800><c> the</c><00:15:18.959><c> risk</c><00:15:19.199><c> of</c>

00:15:19.670 --> 00:15:19.680 align:start position:0%
behaviors and the risk of
 

00:15:19.680 --> 00:15:21.790 align:start position:0%
behaviors and the risk of
incompatibility<00:15:20.680><c> with</c><00:15:20.839><c> different</c><00:15:21.240><c> protocols</c>

00:15:21.790 --> 00:15:21.800 align:start position:0%
incompatibility with different protocols
 

00:15:21.800 --> 00:15:25.310 align:start position:0%
incompatibility with different protocols
or<00:15:22.079><c> apps</c><00:15:22.959><c> grows</c><00:15:23.959><c> and</c><00:15:24.160><c> this</c><00:15:24.360><c> Paradox</c><00:15:24.839><c> centers</c>

00:15:25.310 --> 00:15:25.320 align:start position:0%
or apps grows and this Paradox centers
 

00:15:25.320 --> 00:15:27.710 align:start position:0%
or apps grows and this Paradox centers
around<00:15:25.720><c> challenges</c><00:15:26.720><c> of</c><00:15:26.920><c> offering</c><00:15:27.399><c> enough</c>

00:15:27.710 --> 00:15:27.720 align:start position:0%
around challenges of offering enough
 

00:15:27.720 --> 00:15:29.790 align:start position:0%
around challenges of offering enough
customization<00:15:28.639><c> to</c><00:15:29.000><c> me</c><00:15:29.199><c> the</c><00:15:29.279><c> needs</c><00:15:29.480><c> of</c><00:15:29.639><c> the</c>

00:15:29.790 --> 00:15:29.800 align:start position:0%
customization to me the needs of the
 

00:15:29.800 --> 00:15:31.749 align:start position:0%
customization to me the needs of the
user<00:15:30.600><c> while</c><00:15:30.800><c> maintaining</c><00:15:31.319><c> enough</c>

00:15:31.749 --> 00:15:31.759 align:start position:0%
user while maintaining enough
 

00:15:31.759 --> 00:15:34.069 align:start position:0%
user while maintaining enough
standardization<00:15:32.759><c> to</c><00:15:32.959><c> ensure</c>

00:15:34.069 --> 00:15:34.079 align:start position:0%
standardization to ensure
 

00:15:34.079 --> 00:15:36.150 align:start position:0%
standardization to ensure
interoperability<00:15:35.079><c> and</c><00:15:35.240><c> what</c><00:15:35.399><c> if</c><00:15:35.519><c> I</c><00:15:35.680><c> tell</c><00:15:35.880><c> you</c>

00:15:36.150 --> 00:15:36.160 align:start position:0%
interoperability and what if I tell you
 

00:15:36.160 --> 00:15:38.430 align:start position:0%
interoperability and what if I tell you
there<00:15:36.319><c> was</c><00:15:36.519><c> a</c><00:15:36.720><c> way</c><00:15:36.959><c> to</c><00:15:37.160><c> transcend</c><00:15:37.720><c> these</c>

00:15:38.430 --> 00:15:38.440 align:start position:0%
there was a way to transcend these
 

00:15:38.440 --> 00:15:41.629 align:start position:0%
there was a way to transcend these
paradoxes<00:15:39.440><c> and</c><00:15:39.639><c> this</c><00:15:39.759><c> is</c><00:15:39.959><c> where</c><00:15:40.440><c> AI</c><00:15:40.880><c> agents</c>

00:15:41.629 --> 00:15:41.639 align:start position:0%
paradoxes and this is where AI agents
 

00:15:41.639 --> 00:15:45.030 align:start position:0%
paradoxes and this is where AI agents
intents<00:15:42.279><c> come</c><00:15:42.480><c> into</c><00:15:42.680><c> the</c><00:15:42.800><c> big</c><00:15:43.360><c> CH</c><00:15:44.360><c> intents</c><00:15:44.880><c> are</c>

00:15:45.030 --> 00:15:45.040 align:start position:0%
intents come into the big CH intents are
 

00:15:45.040 --> 00:15:47.350 align:start position:0%
intents come into the big CH intents are
a<00:15:45.160><c> fundamental</c><00:15:45.759><c> shift</c><00:15:46.279><c> in</c><00:15:46.519><c> how</c><00:15:46.839><c> users</c>

00:15:47.350 --> 00:15:47.360 align:start position:0%
a fundamental shift in how users
 

00:15:47.360 --> 00:15:50.189 align:start position:0%
a fundamental shift in how users
interact<00:15:47.839><c> with</c><00:15:48.079><c> defi</c><00:15:49.079><c> uh</c><00:15:49.279><c> decentralized</c>

00:15:50.189 --> 00:15:50.199 align:start position:0%
interact with defi uh decentralized
 

00:15:50.199 --> 00:15:52.749 align:start position:0%
interact with defi uh decentralized
systems<00:15:51.199><c> instead</c><00:15:51.519><c> of</c><00:15:51.680><c> micromanaging</c><00:15:52.560><c> every</c>

00:15:52.749 --> 00:15:52.759 align:start position:0%
systems instead of micromanaging every
 

00:15:52.759 --> 00:15:55.110 align:start position:0%
systems instead of micromanaging every
single<00:15:53.199><c> transaction</c><00:15:54.199><c> the</c><00:15:54.360><c> user</c><00:15:54.680><c> simply</c>

00:15:55.110 --> 00:15:55.120 align:start position:0%
single transaction the user simply
 

00:15:55.120 --> 00:15:57.829 align:start position:0%
single transaction the user simply
expresses<00:15:55.639><c> their</c><00:15:55.880><c> desired</c><00:15:56.519><c> outcome</c><00:15:57.519><c> whether</c>

00:15:57.829 --> 00:15:57.839 align:start position:0%
expresses their desired outcome whether
 

00:15:57.839 --> 00:16:00.269 align:start position:0%
expresses their desired outcome whether
it's<00:15:58.040><c> swapping</c><00:15:58.480><c> tokens</c><00:15:59.319><c> or</c><00:15:59.680><c> executing</c><00:16:00.160><c> a</c>

00:16:00.269 --> 00:16:00.279 align:start position:0%
it's swapping tokens or executing a
 

00:16:00.279 --> 00:16:02.430 align:start position:0%
it's swapping tokens or executing a
yield<00:16:00.560><c> farming</c><00:16:00.959><c> strategy</c><00:16:01.800><c> these</c><00:16:01.920><c> are</c><00:16:02.160><c> all</c>

00:16:02.430 --> 00:16:02.440 align:start position:0%
yield farming strategy these are all
 

00:16:02.440 --> 00:16:04.590 align:start position:0%
yield farming strategy these are all
high<00:16:02.639><c> level</c><00:16:02.920><c> goals</c><00:16:03.480><c> that</c><00:16:03.600><c> can</c><00:16:03.759><c> be</c><00:16:04.000><c> abstracted</c>

00:16:04.590 --> 00:16:04.600 align:start position:0%
high level goals that can be abstracted
 

00:16:04.600 --> 00:16:07.509 align:start position:0%
high level goals that can be abstracted
away<00:16:05.440><c> while</c><00:16:05.680><c> interacting</c><00:16:06.240><c> with</c><00:16:06.399><c> multiple</c>

00:16:07.509 --> 00:16:07.519 align:start position:0%
away while interacting with multiple
 

00:16:07.519 --> 00:16:10.309 align:start position:0%
away while interacting with multiple
protocols<00:16:08.519><c> and</c><00:16:08.759><c> the</c><00:16:08.959><c> where</c><00:16:09.480><c> this</c><00:16:09.600><c> is</c><00:16:09.759><c> where</c><00:16:10.000><c> AI</c>

00:16:10.309 --> 00:16:10.319 align:start position:0%
protocols and the where this is where AI
 

00:16:10.319 --> 00:16:12.990 align:start position:0%
protocols and the where this is where AI
agents<00:16:10.720><c> also</c><00:16:11.000><c> kick</c><00:16:11.240><c> in</c><00:16:11.920><c> these</c><00:16:12.279><c> intelligent</c>

00:16:12.990 --> 00:16:13.000 align:start position:0%
agents also kick in these intelligent
 

00:16:13.000 --> 00:16:15.710 align:start position:0%
agents also kick in these intelligent
agents<00:16:13.399><c> can</c><00:16:13.600><c> interpret</c><00:16:14.120><c> users</c><00:16:14.600><c> intents</c><00:16:15.480><c> and</c>

00:16:15.710 --> 00:16:15.720 align:start position:0%
agents can interpret users intents and
 

00:16:15.720 --> 00:16:17.590 align:start position:0%
agents can interpret users intents and
navigate<00:16:16.240><c> decentralized</c>

00:16:17.590 --> 00:16:17.600 align:start position:0%
navigate decentralized
 

00:16:17.600 --> 00:16:20.309 align:start position:0%
navigate decentralized
ecosystems<00:16:18.600><c> and</c><00:16:18.839><c> optimize</c><00:16:19.319><c> the</c><00:16:19.480><c> outcomes</c>

00:16:20.309 --> 00:16:20.319 align:start position:0%
ecosystems and optimize the outcomes
 

00:16:20.319 --> 00:16:22.790 align:start position:0%
ecosystems and optimize the outcomes
autonomously<00:16:21.319><c> and</c><00:16:21.519><c> imagine</c><00:16:21.880><c> an</c><00:16:22.079><c> AI</c><00:16:22.440><c> system</c>

00:16:22.790 --> 00:16:22.800 align:start position:0%
autonomously and imagine an AI system
 

00:16:22.800 --> 00:16:24.829 align:start position:0%
autonomously and imagine an AI system
where<00:16:23.360><c> it's</c><00:16:23.639><c> continuously</c><00:16:24.199><c> monitoring</c>

00:16:24.829 --> 00:16:24.839 align:start position:0%
where it's continuously monitoring
 

00:16:24.839 --> 00:16:27.150 align:start position:0%
where it's continuously monitoring
several<00:16:25.199><c> different</c><00:16:25.519><c> liquidity</c><00:16:26.120><c> pools</c>

00:16:27.150 --> 00:16:27.160 align:start position:0%
several different liquidity pools
 

00:16:27.160 --> 00:16:29.990 align:start position:0%
several different liquidity pools
without<00:16:28.160><c> any</c><00:16:28.480><c> kind</c><00:16:28.639><c> of</c><00:16:28.959><c> human</c>

00:16:29.990 --> 00:16:30.000 align:start position:0%
without any kind of human
 

00:16:30.000 --> 00:16:32.670 align:start position:0%
without any kind of human
intervention<00:16:31.000><c> in</c><00:16:31.160><c> a</c><00:16:31.440><c> in</c><00:16:31.680><c> essence</c><00:16:32.160><c> like</c>

00:16:32.670 --> 00:16:32.680 align:start position:0%
intervention in a in essence like
 

00:16:32.680 --> 00:16:35.749 align:start position:0%
intervention in a in essence like
intense<00:16:33.199><c> and</c><00:16:33.440><c> AI</c><00:16:33.839><c> agents</c><00:16:34.600><c> they</c><00:16:34.839><c> resolve</c><00:16:35.600><c> the</c>

00:16:35.749 --> 00:16:35.759 align:start position:0%
intense and AI agents they resolve the
 

00:16:35.759 --> 00:16:37.710 align:start position:0%
intense and AI agents they resolve the
very<00:16:36.040><c> paradoxes</c><00:16:36.680><c> that</c><00:16:36.880><c> we</c><00:16:37.040><c> discussed</c><00:16:37.440><c> in</c><00:16:37.560><c> the</c>

00:16:37.710 --> 00:16:37.720 align:start position:0%
very paradoxes that we discussed in the
 

00:16:37.720 --> 00:16:40.550 align:start position:0%
very paradoxes that we discussed in the
previous<00:16:38.120><c> slides</c><00:16:39.120><c> and</c><00:16:39.759><c> have</c><00:16:39.959><c> the</c><00:16:40.160><c> potential</c>

00:16:40.550 --> 00:16:40.560 align:start position:0%
previous slides and have the potential
 

00:16:40.560 --> 00:16:43.069 align:start position:0%
previous slides and have the potential
to<00:16:40.720><c> set</c><00:16:40.920><c> off</c><00:16:41.079><c> a</c><00:16:41.240><c> ripple</c><00:16:41.639><c> effect</c><00:16:42.040><c> in</c><00:16:42.240><c> defi</c><00:16:42.880><c> to</c>

00:16:43.069 --> 00:16:43.079 align:start position:0%
to set off a ripple effect in defi to
 

00:16:43.079 --> 00:16:44.350 align:start position:0%
to set off a ripple effect in defi to
another

00:16:44.350 --> 00:16:44.360 align:start position:0%
another
 

00:16:44.360 --> 00:16:47.389 align:start position:0%
another
level<00:16:45.360><c> there</c><00:16:45.480><c> are</c><00:16:45.680><c> two</c><00:16:46.360><c> use</c><00:16:46.720><c> cases</c><00:16:47.079><c> that</c><00:16:47.240><c> I'd</c>

00:16:47.389 --> 00:16:47.399 align:start position:0%
level there are two use cases that I'd
 

00:16:47.399 --> 00:16:51.509 align:start position:0%
level there are two use cases that I'd
like<00:16:47.560><c> to</c><00:16:48.199><c> discuss</c><00:16:49.360><c> here</c><00:16:50.360><c> an</c><00:16:50.560><c> AI</c><00:16:50.880><c> agent</c><00:16:51.199><c> can</c><00:16:51.360><c> be</c>

00:16:51.509 --> 00:16:51.519 align:start position:0%
like to discuss here an AI agent can be
 

00:16:51.519 --> 00:16:53.749 align:start position:0%
like to discuss here an AI agent can be
used<00:16:51.800><c> in</c><00:16:52.000><c> decentralized</c><00:16:52.759><c> trading</c><00:16:53.519><c> for</c>

00:16:53.749 --> 00:16:53.759 align:start position:0%
used in decentralized trading for
 

00:16:53.759 --> 00:16:56.309 align:start position:0%
used in decentralized trading for
example<00:16:54.120><c> the</c><00:16:54.279><c> user</c><00:16:54.639><c> expresses</c><00:16:55.199><c> the</c><00:16:55.360><c> intent</c><00:16:56.079><c> to</c>

00:16:56.309 --> 00:16:56.319 align:start position:0%
example the user expresses the intent to
 

00:16:56.319 --> 00:16:59.910 align:start position:0%
example the user expresses the intent to
maximize<00:16:57.319><c> profits</c><00:16:58.040><c> by</c><00:16:58.920><c> grid</c><00:16:59.199><c> trading</c>

00:16:59.910 --> 00:16:59.920 align:start position:0%
maximize profits by grid trading
 

00:16:59.920 --> 00:17:03.030 align:start position:0%
maximize profits by grid trading
strategy<00:17:00.880><c> where</c><00:17:01.279><c> token</c><00:17:01.720><c> X</c><00:17:02.000><c> and</c><00:17:02.240><c> Y</c><00:17:02.600><c> should</c><00:17:02.839><c> be</c>

00:17:03.030 --> 00:17:03.040 align:start position:0%
strategy where token X and Y should be
 

00:17:03.040 --> 00:17:06.270 align:start position:0%
strategy where token X and Y should be
within<00:17:03.360><c> a</c><00:17:03.560><c> price</c><00:17:03.800><c> range</c><00:17:04.120><c> of</c><00:17:04.280><c> $100</c><00:17:05.000><c> to</c>

00:17:06.270 --> 00:17:06.280 align:start position:0%
within a price range of $100 to
 

00:17:06.280 --> 00:17:08.990 align:start position:0%
within a price range of $100 to
$120<00:17:07.280><c> the</c><00:17:07.400><c> workflow</c><00:17:07.919><c> would</c><00:17:08.039><c> look</c><00:17:08.280><c> like</c><00:17:08.520><c> this</c>

00:17:08.990 --> 00:17:09.000 align:start position:0%
$120 the workflow would look like this
 

00:17:09.000 --> 00:17:11.470 align:start position:0%
$120 the workflow would look like this
the<00:17:09.199><c> agent</c><00:17:09.600><c> would</c><00:17:09.799><c> be</c><00:17:10.079><c> constantly</c><00:17:10.679><c> monitoring</c>

00:17:11.470 --> 00:17:11.480 align:start position:0%
the agent would be constantly monitoring
 

00:17:11.480 --> 00:17:13.429 align:start position:0%
the agent would be constantly monitoring
the<00:17:11.640><c> price</c><00:17:11.880><c> of</c><00:17:12.039><c> X</c><00:17:12.240><c> and</c><00:17:12.480><c> Y</c><00:17:12.839><c> in</c><00:17:13.039><c> several</c>

00:17:13.429 --> 00:17:13.439 align:start position:0%
the price of X and Y in several
 

00:17:13.439 --> 00:17:16.110 align:start position:0%
the price of X and Y in several
different<00:17:13.720><c> pools</c><00:17:14.640><c> and</c><00:17:14.880><c> as</c><00:17:15.000><c> soon</c><00:17:15.199><c> as</c><00:17:15.400><c> the</c><00:17:15.799><c> price</c>

00:17:16.110 --> 00:17:16.120 align:start position:0%
different pools and as soon as the price
 

00:17:16.120 --> 00:17:19.110 align:start position:0%
different pools and as soon as the price
in<00:17:16.280><c> the</c><00:17:16.439><c> grid</c><00:17:17.120><c> hits</c><00:17:17.679><c> to</c><00:17:17.880><c> the</c><00:17:18.079><c> lower</c><00:17:18.480><c> level</c><00:17:18.880><c> of</c>

00:17:19.110 --> 00:17:19.120 align:start position:0%
in the grid hits to the lower level of
 

00:17:19.120 --> 00:17:22.470 align:start position:0%
in the grid hits to the lower level of
100<00:17:19.400><c> or</c><00:17:19.640><c> 105</c><00:17:20.640><c> it</c><00:17:20.839><c> places</c><00:17:21.319><c> buy</c><00:17:21.600><c> orders</c><00:17:22.199><c> and</c><00:17:22.360><c> as</c>

00:17:22.470 --> 00:17:22.480 align:start position:0%
100 or 105 it places buy orders and as
 

00:17:22.480 --> 00:17:24.789 align:start position:0%
100 or 105 it places buy orders and as
soon<00:17:22.679><c> as</c><00:17:22.880><c> it</c><00:17:23.039><c> hits</c><00:17:23.520><c> a</c><00:17:23.679><c> higher</c><00:17:23.959><c> range</c><00:17:24.280><c> it</c><00:17:24.439><c> places</c>

00:17:24.789 --> 00:17:24.799 align:start position:0%
soon as it hits a higher range it places
 

00:17:24.799 --> 00:17:28.189 align:start position:0%
soon as it hits a higher range it places
sell<00:17:25.319><c> orders</c><00:17:26.319><c> and</c><00:17:27.079><c> this</c><00:17:27.240><c> would</c><00:17:27.439><c> be</c><00:17:27.679><c> occurring</c>

00:17:28.189 --> 00:17:28.199 align:start position:0%
sell orders and this would be occurring
 

00:17:28.199 --> 00:17:31.150 align:start position:0%
sell orders and this would be occurring
in<00:17:28.360><c> a</c><00:17:29.160><c> gas</c><00:17:29.440><c> efficient</c><00:17:29.880><c> manner</c><00:17:30.240><c> potentially</c>

00:17:31.150 --> 00:17:31.160 align:start position:0%
in a gas efficient manner potentially
 

00:17:31.160 --> 00:17:33.310 align:start position:0%
in a gas efficient manner potentially
potentially<00:17:31.640><c> transaction</c><00:17:32.200><c> badges</c><00:17:33.080><c> because</c>

00:17:33.310 --> 00:17:33.320 align:start position:0%
potentially transaction badges because
 

00:17:33.320 --> 00:17:34.990 align:start position:0%
potentially transaction badges because
there<00:17:33.400><c> are</c><00:17:33.559><c> several</c><00:17:33.840><c> token</c><00:17:34.160><c> involved</c><00:17:34.679><c> which</c>

00:17:34.990 --> 00:17:35.000 align:start position:0%
there are several token involved which
 

00:17:35.000 --> 00:17:37.710 align:start position:0%
there are several token involved which
can<00:17:35.160><c> save</c><00:17:35.559><c> gas</c><00:17:36.160><c> and</c><00:17:36.320><c> the</c><00:17:36.440><c> outcome</c><00:17:36.960><c> is</c><00:17:37.440><c> that</c><00:17:37.600><c> the</c>

00:17:37.710 --> 00:17:37.720 align:start position:0%
can save gas and the outcome is that the
 

00:17:37.720 --> 00:17:39.590 align:start position:0%
can save gas and the outcome is that the
user<00:17:38.080><c> achieves</c><00:17:38.480><c> their</c><00:17:38.720><c> desired</c><00:17:39.280><c> profit</c>

00:17:39.590 --> 00:17:39.600 align:start position:0%
user achieves their desired profit
 

00:17:39.600 --> 00:17:41.909 align:start position:0%
user achieves their desired profit
targets<00:17:40.520><c> without</c><00:17:40.840><c> needing</c><00:17:41.200><c> to</c><00:17:41.440><c> manually</c>

00:17:41.909 --> 00:17:41.919 align:start position:0%
targets without needing to manually
 

00:17:41.919 --> 00:17:45.070 align:start position:0%
targets without needing to manually
track<00:17:42.799><c> or</c><00:17:43.160><c> execute</c><00:17:43.679><c> these</c>

00:17:45.070 --> 00:17:45.080 align:start position:0%
track or execute these
 

00:17:45.080 --> 00:17:47.510 align:start position:0%
track or execute these
traits<00:17:46.080><c> the</c><00:17:46.240><c> final</c><00:17:46.520><c> use</c><00:17:46.880><c> case</c><00:17:47.039><c> that</c><00:17:47.160><c> I</c><00:17:47.240><c> want</c><00:17:47.320><c> to</c>

00:17:47.510 --> 00:17:47.520 align:start position:0%
traits the final use case that I want to
 

00:17:47.520 --> 00:17:51.430 align:start position:0%
traits the final use case that I want to
talk<00:17:47.760><c> about</c><00:17:48.400><c> is</c><00:17:49.240><c> with</c><00:17:49.480><c> poly</c><00:17:49.919><c> Market</c><00:17:50.919><c> the</c><00:17:51.080><c> user</c>

00:17:51.430 --> 00:17:51.440 align:start position:0%
talk about is with poly Market the user
 

00:17:51.440 --> 00:17:54.230 align:start position:0%
talk about is with poly Market the user
might<00:17:51.720><c> Express</c><00:17:52.039><c> an</c><00:17:52.240><c> intent</c><00:17:52.600><c> to</c><00:17:53.240><c> maximize</c>

00:17:54.230 --> 00:17:54.240 align:start position:0%
might Express an intent to maximize
 

00:17:54.240 --> 00:17:56.750 align:start position:0%
might Express an intent to maximize
returns<00:17:54.760><c> by</c><00:17:54.919><c> betting</c><00:17:55.360><c> on</c><00:17:55.840><c> most</c><00:17:56.240><c> likely</c>

00:17:56.750 --> 00:17:56.760 align:start position:0%
returns by betting on most likely
 

00:17:56.760 --> 00:17:59.110 align:start position:0%
returns by betting on most likely
outcome<00:17:57.159><c> of</c><00:17:57.280><c> the</c><00:17:57.440><c> US</c><00:17:57.760><c> presidential</c><00:17:58.320><c> election</c>

00:17:59.110 --> 00:17:59.120 align:start position:0%
outcome of the US presidential election
 

00:17:59.120 --> 00:18:01.430 align:start position:0%
outcome of the US presidential election
to<00:17:59.360><c> reallocate</c><00:18:00.000><c> funds</c><00:18:00.440><c> based</c><00:18:00.679><c> on</c><00:18:00.840><c> real</c><00:18:01.200><c> time</c>

00:18:01.430 --> 00:18:01.440 align:start position:0%
to reallocate funds based on real time
 

00:18:01.440 --> 00:18:03.789 align:start position:0%
to reallocate funds based on real time
changes<00:18:01.799><c> in</c><00:18:01.960><c> the</c><00:18:02.320><c> probabilities</c><00:18:03.320><c> and</c><00:18:03.520><c> here's</c>

00:18:03.789 --> 00:18:03.799 align:start position:0%
changes in the probabilities and here's
 

00:18:03.799 --> 00:18:05.909 align:start position:0%
changes in the probabilities and here's
how<00:18:03.960><c> it</c><00:18:04.080><c> would</c><00:18:04.240><c> look</c><00:18:04.480><c> like</c><00:18:04.840><c> with</c><00:18:04.960><c> the</c><00:18:05.120><c> workflow</c>

00:18:05.909 --> 00:18:05.919 align:start position:0%
how it would look like with the workflow
 

00:18:05.919 --> 00:18:07.950 align:start position:0%
how it would look like with the workflow
so<00:18:06.120><c> the</c><00:18:06.240><c> AI</c><00:18:06.559><c> agent</c><00:18:07.000><c> would</c><00:18:07.159><c> be</c><00:18:07.480><c> constantly</c>

00:18:07.950 --> 00:18:07.960 align:start position:0%
so the AI agent would be constantly
 

00:18:07.960 --> 00:18:11.149 align:start position:0%
so the AI agent would be constantly
monitoring<00:18:08.440><c> offchain</c><00:18:09.000><c> data</c><00:18:09.720><c> news</c><00:18:10.480><c> reports</c><00:18:10.960><c> or</c>

00:18:11.149 --> 00:18:11.159 align:start position:0%
monitoring offchain data news reports or
 

00:18:11.159 --> 00:18:13.909 align:start position:0%
monitoring offchain data news reports or
social<00:18:11.480><c> media</c><00:18:11.919><c> sentiments</c><00:18:12.919><c> and</c><00:18:13.080><c> it</c><00:18:13.480><c> defines</c>

00:18:13.909 --> 00:18:13.919 align:start position:0%
social media sentiments and it defines
 

00:18:13.919 --> 00:18:16.390 align:start position:0%
social media sentiments and it defines
some<00:18:14.159><c> probability</c><00:18:14.720><c> estimates</c><00:18:15.720><c> bets</c><00:18:16.039><c> can</c><00:18:16.200><c> be</c>

00:18:16.390 --> 00:18:16.400 align:start position:0%
some probability estimates bets can be
 

00:18:16.400 --> 00:18:18.990 align:start position:0%
some probability estimates bets can be
placed<00:18:16.919><c> on</c><00:18:17.080><c> the</c><00:18:17.240><c> highest</c><00:18:17.640><c> expected</c><00:18:18.120><c> value</c>

00:18:18.990 --> 00:18:19.000 align:start position:0%
placed on the highest expected value
 

00:18:19.000 --> 00:18:20.909 align:start position:0%
placed on the highest expected value
based<00:18:19.280><c> on</c><00:18:19.440><c> the</c><00:18:19.600><c> current</c><00:18:19.960><c> odds</c><00:18:20.559><c> and</c><00:18:20.720><c> the</c>

00:18:20.909 --> 00:18:20.919 align:start position:0%
based on the current odds and the
 

00:18:20.919 --> 00:18:23.830 align:start position:0%
based on the current odds and the
transaction<00:18:21.600><c> costs</c><00:18:22.600><c> and</c><00:18:22.799><c> if</c><00:18:23.200><c> new</c><00:18:23.440><c> data</c>

00:18:23.830 --> 00:18:23.840 align:start position:0%
transaction costs and if new data
 

00:18:23.840 --> 00:18:25.710 align:start position:0%
transaction costs and if new data
suggests<00:18:24.320><c> a</c><00:18:24.480><c> shift</c><00:18:24.799><c> in</c><00:18:25.039><c> probabilities</c>

00:18:25.710 --> 00:18:25.720 align:start position:0%
suggests a shift in probabilities
 

00:18:25.720 --> 00:18:27.909 align:start position:0%
suggests a shift in probabilities
between<00:18:26.039><c> different</c><00:18:26.400><c> candidates</c><00:18:27.320><c> then</c><00:18:27.480><c> the</c><00:18:27.600><c> AI</c>

00:18:27.909 --> 00:18:27.919 align:start position:0%
between different candidates then the AI
 

00:18:27.919 --> 00:18:30.029 align:start position:0%
between different candidates then the AI
agent<00:18:28.280><c> would</c><00:18:28.400><c> dynamic</c><00:18:28.960><c> Ally</c><00:18:29.159><c> reallocate</c><00:18:29.919><c> the</c>

00:18:30.029 --> 00:18:30.039 align:start position:0%
agent would dynamic Ally reallocate the
 

00:18:30.039 --> 00:18:33.510 align:start position:0%
agent would dynamic Ally reallocate the
funds<00:18:30.679><c> to</c><00:18:30.880><c> a</c><00:18:31.039><c> more</c><00:18:31.280><c> favorable</c><00:18:32.200><c> outcome</c><00:18:33.200><c> and</c><00:18:33.400><c> as</c>

00:18:33.510 --> 00:18:33.520 align:start position:0%
funds to a more favorable outcome and as
 

00:18:33.520 --> 00:18:36.470 align:start position:0%
funds to a more favorable outcome and as
a<00:18:33.720><c> result</c><00:18:34.360><c> the</c><00:18:34.480><c> US</c><00:18:34.880><c> can</c><00:18:35.440><c> the</c><00:18:35.640><c> you</c><00:18:35.960><c> user</c><00:18:36.320><c> can</c>

00:18:36.470 --> 00:18:36.480 align:start position:0%
a result the US can the you user can
 

00:18:36.480 --> 00:18:38.630 align:start position:0%
a result the US can the you user can
actually<00:18:36.880><c> maximize</c><00:18:37.520><c> their</c><00:18:38.039><c> potential</c>

00:18:38.630 --> 00:18:38.640 align:start position:0%
actually maximize their potential
 

00:18:38.640 --> 00:18:41.350 align:start position:0%
actually maximize their potential
earnings<00:18:39.640><c> while</c><00:18:39.880><c> minimizing</c><00:18:40.520><c> risk</c><00:18:41.000><c> without</c>

00:18:41.350 --> 00:18:41.360 align:start position:0%
earnings while minimizing risk without
 

00:18:41.360 --> 00:18:44.710 align:start position:0%
earnings while minimizing risk without
needing<00:18:41.679><c> to</c><00:18:42.039><c> interfere</c><00:18:43.120><c> manually</c><00:18:44.120><c> because</c><00:18:44.360><c> AI</c>

00:18:44.710 --> 00:18:44.720 align:start position:0%
needing to interfere manually because AI
 

00:18:44.720 --> 00:18:46.710 align:start position:0%
needing to interfere manually because AI
agent<00:18:45.000><c> would</c><00:18:45.159><c> just</c><00:18:45.360><c> take</c><00:18:45.600><c> care</c><00:18:45.840><c> of</c><00:18:46.480><c> uh</c>

00:18:46.710 --> 00:18:46.720 align:start position:0%
agent would just take care of uh
 

00:18:46.720 --> 00:18:49.909 align:start position:0%
agent would just take care of uh
readjusting<00:18:47.400><c> the</c><00:18:48.080><c> portfolio</c><00:18:49.080><c> and</c><00:18:49.280><c> in</c><00:18:49.600><c> this</c>

00:18:49.909 --> 00:18:49.919 align:start position:0%
readjusting the portfolio and in this
 

00:18:49.919 --> 00:18:53.390 align:start position:0%
readjusting the portfolio and in this
Essence<00:18:50.480><c> we</c><00:18:50.640><c> see</c><00:18:51.240><c> how</c><00:18:52.240><c> the</c><00:18:52.360><c> future</c><00:18:52.760><c> of</c><00:18:52.919><c> web3</c>

00:18:53.390 --> 00:18:53.400 align:start position:0%
Essence we see how the future of web3
 

00:18:53.400 --> 00:18:55.110 align:start position:0%
Essence we see how the future of web3
can<00:18:53.600><c> look</c><00:18:53.799><c> like</c><00:18:54.159><c> where</c><00:18:54.400><c> decentralized</c>

00:18:55.110 --> 00:18:55.120 align:start position:0%
can look like where decentralized
 

00:18:55.120 --> 00:18:57.470 align:start position:0%
can look like where decentralized
systems<00:18:55.960><c> become</c><00:18:56.280><c> more</c><00:18:56.520><c> intuitive</c><00:18:57.159><c> and</c>

00:18:57.470 --> 00:18:57.480 align:start position:0%
systems become more intuitive and
 

00:18:57.480 --> 00:19:00.110 align:start position:0%
systems become more intuitive and
automated<00:18:58.480><c> and</c><00:18:58.840><c> AA</c><00:18:59.320><c> provides</c><00:18:59.760><c> the</c>

00:19:00.110 --> 00:19:00.120 align:start position:0%
automated and AA provides the
 

00:19:00.120 --> 00:19:02.230 align:start position:0%
automated and AA provides the
programmable<00:19:00.760><c> infrastructure</c><00:19:01.640><c> and</c><00:19:01.840><c> AI</c>

00:19:02.230 --> 00:19:02.240 align:start position:0%
programmable infrastructure and AI
 

00:19:02.240 --> 00:19:03.590 align:start position:0%
programmable infrastructure and AI
agents

00:19:03.590 --> 00:19:03.600 align:start position:0%
agents
 

00:19:03.600 --> 00:19:06.430 align:start position:0%
agents
provide<00:19:04.600><c> in</c><00:19:04.880><c> uh</c><00:19:05.039><c> user</c><00:19:05.400><c> intents</c><00:19:05.840><c> to</c><00:19:05.960><c> be</c><00:19:06.120><c> read</c><00:19:06.360><c> in</c>

00:19:06.430 --> 00:19:06.440 align:start position:0%
provide in uh user intents to be read in
 

00:19:06.440 --> 00:19:09.070 align:start position:0%
provide in uh user intents to be read in
a<00:19:06.559><c> more</c><00:19:06.880><c> intelligent</c><00:19:07.480><c> Manner</c><00:19:08.320><c> and</c><00:19:08.640><c> together</c>

00:19:09.070 --> 00:19:09.080 align:start position:0%
a more intelligent Manner and together
 

00:19:09.080 --> 00:19:11.149 align:start position:0%
a more intelligent Manner and together
they<00:19:09.200><c> can</c><00:19:09.400><c> Empower</c><00:19:09.840><c> users</c><00:19:10.280><c> to</c><00:19:10.520><c> interact</c><00:19:11.000><c> with</c>

00:19:11.149 --> 00:19:11.159 align:start position:0%
they can Empower users to interact with
 

00:19:11.159 --> 00:19:13.549 align:start position:0%
they can Empower users to interact with
defi<00:19:11.640><c> in</c><00:19:11.760><c> a</c><00:19:11.880><c> more</c><00:19:12.120><c> smarter</c><00:19:12.960><c> and</c><00:19:13.120><c> a</c><00:19:13.240><c> more</c>

00:19:13.549 --> 00:19:13.559 align:start position:0%
defi in a more smarter and a more
 

00:19:13.559 --> 00:19:15.430 align:start position:0%
defi in a more smarter and a more
accessible

00:19:15.430 --> 00:19:15.440 align:start position:0%
accessible
 

00:19:15.440 --> 00:19:18.190 align:start position:0%
accessible
way<00:19:16.440><c> and</c><00:19:16.720><c> with</c><00:19:16.919><c> this</c><00:19:17.360><c> I</c><00:19:17.440><c> want</c><00:19:17.600><c> to</c><00:19:17.760><c> close</c><00:19:18.080><c> by</c>

00:19:18.190 --> 00:19:18.200 align:start position:0%
way and with this I want to close by
 

00:19:18.200 --> 00:19:20.110 align:start position:0%
way and with this I want to close by
saying<00:19:18.559><c> that</c><00:19:18.799><c> whether</c><00:19:19.039><c> you're</c><00:19:19.240><c> a</c><00:19:19.400><c> user</c><00:19:19.960><c> a</c>

00:19:20.110 --> 00:19:20.120 align:start position:0%
saying that whether you're a user a
 

00:19:20.120 --> 00:19:22.390 align:start position:0%
saying that whether you're a user a
developer<00:19:20.720><c> or</c><00:19:20.880><c> a</c><00:19:21.039><c> product</c><00:19:21.320><c> leader</c><00:19:22.120><c> your</c>

00:19:22.390 --> 00:19:22.400 align:start position:0%
developer or a product leader your
 

00:19:22.400 --> 00:19:24.590 align:start position:0%
developer or a product leader your
actions<00:19:22.840><c> today</c><00:19:23.400><c> could</c><00:19:23.559><c> spark</c><00:19:24.000><c> the</c><00:19:24.120><c> next</c><00:19:24.360><c> wave</c>

00:19:24.590 --> 00:19:24.600 align:start position:0%
actions today could spark the next wave
 

00:19:24.600 --> 00:19:26.990 align:start position:0%
actions today could spark the next wave
of<00:19:24.919><c> innovation</c><00:19:25.919><c> and</c><00:19:26.080><c> let's</c><00:19:26.320><c> Embrace</c><00:19:26.760><c> this</c>

00:19:26.990 --> 00:19:27.000 align:start position:0%
of innovation and let's Embrace this
 

00:19:27.000 --> 00:19:29.110 align:start position:0%
of innovation and let's Embrace this
responsibility<00:19:27.840><c> and</c><00:19:28.039><c> continue</c><00:19:28.400><c> building</c><00:19:29.000><c> a</c>

00:19:29.110 --> 00:19:29.120 align:start position:0%
responsibility and continue building a
 

00:19:29.120 --> 00:19:32.549 align:start position:0%
responsibility and continue building a
decentralized<00:19:29.840><c> future</c><00:19:30.799><c> one</c><00:19:31.280><c> small</c><00:19:31.679><c> flap</c><00:19:32.240><c> at</c><00:19:32.360><c> a</c>

00:19:32.549 --> 00:19:32.559 align:start position:0%
decentralized future one small flap at a
 

00:19:32.559 --> 00:19:34.710 align:start position:0%
decentralized future one small flap at a
time<00:19:33.360><c> and</c><00:19:33.520><c> the</c><00:19:33.679><c> question</c><00:19:33.960><c> I</c><00:19:34.080><c> want</c><00:19:34.200><c> to</c><00:19:34.360><c> pose</c><00:19:34.600><c> to</c>

00:19:34.710 --> 00:19:34.720 align:start position:0%
time and the question I want to pose to
 

00:19:34.720 --> 00:19:37.789 align:start position:0%
time and the question I want to pose to
you<00:19:34.880><c> today</c><00:19:35.679><c> is</c><00:19:35.880><c> that</c><00:19:36.159><c> was</c><00:19:36.720><c> what</c><00:19:36.919><c> small</c>

00:19:37.789 --> 00:19:37.799 align:start position:0%
you today is that was what small
 

00:19:37.799 --> 00:19:39.830 align:start position:0%
you today is that was what small
decisions<00:19:38.280><c> will</c><00:19:38.480><c> you</c><00:19:38.640><c> make</c><00:19:38.880><c> today</c><00:19:39.520><c> that</c><00:19:39.679><c> will</c>

00:19:39.830 --> 00:19:39.840 align:start position:0%
decisions will you make today that will
 

00:19:39.840 --> 00:19:43.070 align:start position:0%
decisions will you make today that will
shape<00:19:40.280><c> D5</c><00:19:40.760><c> for</c><00:19:41.159><c> tomorrow</c><00:19:42.159><c> and</c><00:19:42.440><c> with</c><00:19:42.640><c> this</c><00:19:42.919><c> I</c>

00:19:43.070 --> 00:19:43.080 align:start position:0%
shape D5 for tomorrow and with this I
 

00:19:43.080 --> 00:19:45.669 align:start position:0%
shape D5 for tomorrow and with this I
close<00:19:43.400><c> my</c><00:19:43.640><c> talk</c><00:19:44.159><c> I'd</c><00:19:44.400><c> be</c><00:19:44.760><c> hanging</c><00:19:45.080><c> at</c><00:19:45.240><c> the</c><00:19:45.360><c> a</c>

00:19:45.669 --> 00:19:45.679 align:start position:0%
close my talk I'd be hanging at the a
 

00:19:45.679 --> 00:19:47.870 align:start position:0%
close my talk I'd be hanging at the a
community<00:19:46.159><c> Hub</c><00:19:46.440><c> later</c><00:19:46.720><c> today</c><00:19:47.360><c> and</c><00:19:47.559><c> happy</c><00:19:47.760><c> to</c>

00:19:47.870 --> 00:19:47.880 align:start position:0%
community Hub later today and happy to
 

00:19:47.880 --> 00:19:49.730 align:start position:0%
community Hub later today and happy to
chat<00:19:48.200><c> with</c><00:19:48.360><c> you</c>

00:19:49.730 --> 00:19:49.740 align:start position:0%
chat with you
 

00:19:49.740 --> 00:19:56.950 align:start position:0%
chat with you
[Applause]