WEBVTT Kind: captions Language: en 00:00:04.470 --> 00:00:07.670 align:start position:0% right<00:00:05.550> hello<00:00:06.000> everyone<00:00:06.360> my<00:00:06.960> name<00:00:07.080> is<00:00:07.109> Lila<00:00:07.500> and 00:00:07.670 --> 00:00:07.680 align:start position:0% right hello everyone my name is Lila and 00:00:07.680 --> 00:00:09.289 align:start position:0% right hello everyone my name is Lila and I'm<00:00:07.770> a<00:00:07.800> CEO<00:00:08.190> and<00:00:08.430> co-founder<00:00:08.670> of<00:00:08.940> Kaiba 00:00:09.289 --> 00:00:09.299 align:start position:0% I'm a CEO and co-founder of Kaiba 00:00:09.299 --> 00:00:13.279 align:start position:0% I'm a CEO and co-founder of Kaiba Network<00:00:10.160> yes<00:00:11.160> today<00:00:11.549> I'm<00:00:12.240> so<00:00:12.600> excited<00:00:13.020> to<00:00:13.200> be 00:00:13.279 --> 00:00:13.289 align:start position:0% Network yes today I'm so excited to be 00:00:13.289 --> 00:00:15.289 align:start position:0% Network yes today I'm so excited to be here<00:00:13.320> to<00:00:13.709> you<00:00:14.490> know<00:00:14.520> give<00:00:14.730> you<00:00:14.850> an<00:00:14.969> update 00:00:15.289 --> 00:00:15.299 align:start position:0% here to you know give you an update 00:00:15.299 --> 00:00:16.460 align:start position:0% here to you know give you an update about<00:00:15.450> what<00:00:15.719> Kaiba<00:00:15.930> has<00:00:16.110> been<00:00:16.289> doing 00:00:16.460 --> 00:00:16.470 align:start position:0% about what Kaiba has been doing 00:00:16.470 --> 00:00:18.950 align:start position:0% about what Kaiba has been doing especially<00:00:17.310> in<00:00:17.880> connecting<00:00:18.420> decentralized 00:00:18.950 --> 00:00:18.960 align:start position:0% especially in connecting decentralized 00:00:18.960 --> 00:00:22.120 align:start position:0% especially in connecting decentralized liquidity<00:00:19.619> for<00:00:20.430> decentralized<00:00:20.910> finance 00:00:22.120 --> 00:00:22.130 align:start position:0% liquidity for decentralized finance 00:00:22.130 --> 00:00:30.279 align:start position:0% liquidity for decentralized finance before<00:00:23.130> we<00:00:23.400> go<00:00:23.580> to<00:00:23.640> the<00:00:23.880> details<00:00:24.210> let<00:00:24.720> us<00:00:24.750> oops 00:00:30.279 --> 00:00:30.289 align:start position:0% 00:00:30.289 --> 00:00:32.299 align:start position:0% let's<00:00:31.289> just<00:00:31.380> define<00:00:31.560> you<00:00:31.950> know<00:00:31.980> what<00:00:32.219> is 00:00:32.299 --> 00:00:32.309 align:start position:0% let's just define you know what is 00:00:32.309 --> 00:00:35.330 align:start position:0% let's just define you know what is liquidity<00:00:32.610> right<00:00:33.239> I<00:00:33.450> think<00:00:33.989> a<00:00:34.200> lot<00:00:34.530> of<00:00:34.559> us<00:00:34.950> have 00:00:35.330 --> 00:00:35.340 align:start position:0% liquidity right I think a lot of us have 00:00:35.340 --> 00:00:37.399 align:start position:0% liquidity right I think a lot of us have heard<00:00:35.489> about<00:00:35.640> liquidity<00:00:36.030> but<00:00:36.449> not<00:00:37.019> many<00:00:37.170> of<00:00:37.260> us 00:00:37.399 --> 00:00:37.409 align:start position:0% heard about liquidity but not many of us 00:00:37.409 --> 00:00:41.290 align:start position:0% heard about liquidity but not many of us understand<00:00:38.039> what<00:00:38.190> exactly<00:00:38.280> that<00:00:39.089> term<00:00:39.629> means 00:00:41.290 --> 00:00:41.300 align:start position:0% understand what exactly that term means 00:00:41.300 --> 00:00:44.599 align:start position:0% understand what exactly that term means so<00:00:42.300> liquidity<00:00:43.050> really<00:00:43.379> like<00:00:43.530> represent<00:00:44.129> the 00:00:44.599 --> 00:00:44.609 align:start position:0% so liquidity really like represent the 00:00:44.609 --> 00:00:46.700 align:start position:0% so liquidity really like represent the degree<00:00:45.030> in<00:00:45.390> which<00:00:45.569> an<00:00:45.749> asset<00:00:46.109> can<00:00:46.350> be<00:00:46.379> sold 00:00:46.700 --> 00:00:46.710 align:start position:0% degree in which an asset can be sold 00:00:46.710 --> 00:00:49.599 align:start position:0% degree in which an asset can be sold quickly<00:00:47.249> in<00:00:47.460> the<00:00:47.550> market<00:00:47.989> without<00:00:48.989> impacting 00:00:49.599 --> 00:00:49.609 align:start position:0% quickly in the market without impacting 00:00:49.609 --> 00:00:52.910 align:start position:0% quickly in the market without impacting impacting<00:00:50.609> the<00:00:50.729> price<00:00:50.940> right<00:00:51.390> like<00:00:51.960> for<00:00:52.530> fiat 00:00:52.910 --> 00:00:52.920 align:start position:0% impacting the price right like for fiat 00:00:52.920 --> 00:00:55.700 align:start position:0% impacting the price right like for fiat currency<00:00:53.339> like<00:00:53.550> USD<00:00:53.940> and<00:00:54.210> Shep<00:00:54.569> and<00:00:54.690> agian 00:00:55.700 --> 00:00:55.710 align:start position:0% currency like USD and Shep and agian 00:00:55.710 --> 00:00:58.340 align:start position:0% currency like USD and Shep and agian they<00:00:55.979> are<00:00:56.100> super<00:00:56.370> liquid<00:00:56.789> for<00:00:57.569> a<00:00:57.960> set<00:00:58.199> like 00:00:58.340 --> 00:00:58.350 align:start position:0% they are super liquid for a set like 00:00:58.350 --> 00:01:00.680 align:start position:0% they are super liquid for a set like Bitcoin<00:00:58.800> and<00:00:58.949> either<00:00:59.190> they<00:00:59.729> are<00:00:59.760> so<00:00:59.999> very<00:01:00.210> very 00:01:00.680 --> 00:01:00.690 align:start position:0% Bitcoin and either they are so very very 00:01:00.690 --> 00:01:03.889 align:start position:0% Bitcoin and either they are so very very liquid<00:01:01.199> right<00:01:01.469> but<00:01:02.309> for<00:01:02.549> many<00:01:03.030> of<00:01:03.179> the<00:01:03.269> g20 00:01:03.889 --> 00:01:03.899 align:start position:0% liquid right but for many of the g20 00:01:03.899 --> 00:01:07.730 align:start position:0% liquid right but for many of the g20 tokens<00:01:04.409> they<00:01:04.650> are<00:01:04.710> not<00:01:04.920> as<00:01:05.129> liquid<00:01:05.460> and<00:01:06.740> when 00:01:07.730 --> 00:01:07.740 align:start position:0% tokens they are not as liquid and when 00:01:07.740 --> 00:01:09.680 align:start position:0% tokens they are not as liquid and when it<00:01:08.040> comes<00:01:08.370> to<00:01:08.520> liquidity<00:01:09.000> there<00:01:09.240> are<00:01:09.360> there 00:01:09.680 --> 00:01:09.690 align:start position:0% it comes to liquidity there are there 00:01:09.690 --> 00:01:11.810 align:start position:0% it comes to liquidity there are there are<00:01:09.780> two<00:01:09.990> main<00:01:10.140> parties<00:01:10.530> right<00:01:10.950> the<00:01:11.160> liquidity 00:01:11.810 --> 00:01:11.820 align:start position:0% are two main parties right the liquidity 00:01:11.820 --> 00:01:14.360 align:start position:0% are two main parties right the liquidity takers<00:01:12.300> or<00:01:12.510> people<00:01:13.110> who<00:01:13.230> buy<00:01:13.440> and<00:01:13.740> sell<00:01:14.010> the 00:01:14.360 --> 00:01:14.370 align:start position:0% takers or people who buy and sell the 00:01:14.370 --> 00:01:17.210 align:start position:0% takers or people who buy and sell the asset<00:01:14.750> and<00:01:15.750> they're<00:01:16.050> also<00:01:16.140> the<00:01:16.650> liquidity 00:01:17.210 --> 00:01:17.220 align:start position:0% asset and they're also the liquidity 00:01:17.220 --> 00:01:19.790 align:start position:0% asset and they're also the liquidity providers<00:01:17.700> or<00:01:17.940> people<00:01:18.630> who<00:01:18.750> actually<00:01:18.930> you 00:01:19.790 --> 00:01:19.800 align:start position:0% providers or people who actually you 00:01:19.800 --> 00:01:21.710 align:start position:0% providers or people who actually you know<00:01:19.920> make<00:01:20.070> the<00:01:20.190> offer<00:01:20.340> further<00:01:21.060> to<00:01:21.330> buy<00:01:21.450> and 00:01:21.710 --> 00:01:21.720 align:start position:0% know make the offer further to buy and 00:01:21.720 --> 00:01:25.280 align:start position:0% know make the offer further to buy and sell<00:01:21.990> right<00:01:23.780> and<00:01:24.780> they<00:01:24.870> work<00:01:25.050> closely 00:01:25.280 --> 00:01:25.290 align:start position:0% sell right and they work closely 00:01:25.290 --> 00:01:30.980 align:start position:0% sell right and they work closely together<00:01:25.790> every<00:01:26.790> time<00:01:28.640> so<00:01:29.810> the<00:01:30.810> main 00:01:30.980 --> 00:01:30.990 align:start position:0% together every time so the main 00:01:30.990 --> 00:01:32.480 align:start position:0% together every time so the main incentive<00:01:31.230> for<00:01:31.530> the<00:01:31.620> market<00:01:31.890> maker<00:01:32.130> is<00:01:32.250> that 00:01:32.480 --> 00:01:32.490 align:start position:0% incentive for the market maker is that 00:01:32.490 --> 00:01:34.430 align:start position:0% incentive for the market maker is that you<00:01:32.910> know<00:01:33.030> they're<00:01:33.210> going<00:01:33.420> to<00:01:33.570> get<00:01:33.930> the<00:01:34.110> profit 00:01:34.430 --> 00:01:34.440 align:start position:0% you know they're going to get the profit 00:01:34.440 --> 00:01:36.680 align:start position:0% you know they're going to get the profit from<00:01:34.560> the<00:01:34.740> trading<00:01:34.950> but<00:01:35.910> they<00:01:36.210> also<00:01:36.360> have<00:01:36.570> the 00:01:36.680 --> 00:01:36.690 align:start position:0% from the trading but they also have the 00:01:36.690 --> 00:01:38.540 align:start position:0% from the trading but they also have the reach<00:01:36.870> of<00:01:37.110> you<00:01:37.710> know<00:01:37.800> holding<00:01:38.160> the<00:01:38.280> inventory 00:01:38.540 --> 00:01:38.550 align:start position:0% reach of you know holding the inventory 00:01:38.550 --> 00:01:41.810 align:start position:0% reach of you know holding the inventory and<00:01:39.020> you<00:01:40.020> know<00:01:40.140> sometimes<00:01:40.740> the<00:01:41.340> market<00:01:41.610> move 00:01:41.810 --> 00:01:41.820 align:start position:0% and you know sometimes the market move 00:01:41.820 --> 00:01:47.900 align:start position:0% and you know sometimes the market move against<00:01:42.540> the<00:01:43.110> direction<00:01:43.590> right<00:01:46.490> but<00:01:47.490> what<00:01:47.790> is 00:01:47.900 --> 00:01:47.910 align:start position:0% against the direction right but what is 00:01:47.910 --> 00:01:50.210 align:start position:0% against the direction right but what is decentralized<00:01:48.270> liquidy<00:01:49.020> there's<00:01:49.680> literally 00:01:50.210 --> 00:01:50.220 align:start position:0% decentralized liquidy there's literally 00:01:50.220 --> 00:01:52.670 align:start position:0% decentralized liquidy there's literally no<00:01:50.550> definition<00:01:51.360> of<00:01:51.480> this<00:01:51.690> term<00:01:51.990> on<00:01:52.560> the 00:01:52.670 --> 00:01:52.680 align:start position:0% no definition of this term on the 00:01:52.680 --> 00:01:55.100 align:start position:0% no definition of this term on the internet<00:01:53.120> so<00:01:54.120> this<00:01:54.300> is<00:01:54.450> really<00:01:54.750> a<00:01:54.780> first 00:01:55.100 --> 00:01:55.110 align:start position:0% internet so this is really a first 00:01:55.110 --> 00:01:58.370 align:start position:0% internet so this is really a first attempt<00:01:55.500> right<00:01:56.120> decentralized<00:01:57.120> liquidity<00:01:57.570> in 00:01:58.370 --> 00:01:58.380 align:start position:0% attempt right decentralized liquidity in 00:01:58.380 --> 00:02:01.370 align:start position:0% attempt right decentralized liquidity in our<00:01:58.650> definition<00:01:59.190> is<00:01:59.360> the<00:02:00.360> liquidy<00:02:00.990> that<00:02:01.260> is 00:02:01.370 --> 00:02:01.380 align:start position:0% our definition is the liquidy that is 00:02:01.380 --> 00:02:03.320 align:start position:0% our definition is the liquidy that is available<00:02:01.650> in<00:02:02.040> the<00:02:02.130> decentralized<00:02:02.520> ecosystem 00:02:03.320 --> 00:02:03.330 align:start position:0% available in the decentralized ecosystem 00:02:03.330 --> 00:02:05.320 align:start position:0% available in the decentralized ecosystem and<00:02:03.540> there<00:02:04.110> are<00:02:04.200> two<00:02:04.440> important<00:02:04.950> properties 00:02:05.320 --> 00:02:05.330 align:start position:0% and there are two important properties 00:02:05.330 --> 00:02:08.359 align:start position:0% and there are two important properties decentralized<00:02:06.330> liquidity<00:02:07.129> first<00:02:08.129> of<00:02:08.250> all 00:02:08.359 --> 00:02:08.369 align:start position:0% decentralized liquidity first of all 00:02:08.369 --> 00:02:10.029 align:start position:0% decentralized liquidity first of all there<00:02:08.879> has<00:02:09.030> to<00:02:09.060> be<00:02:09.209> a<00:02:09.330> choice<00:02:09.659> less 00:02:10.029 --> 00:02:10.039 align:start position:0% there has to be a choice less 00:02:10.039 --> 00:02:12.860 align:start position:0% there has to be a choice less relationship<00:02:11.039> between<00:02:11.220> the<00:02:12.150> ticker<00:02:12.420> and<00:02:12.690> the 00:02:12.860 --> 00:02:12.870 align:start position:0% relationship between the ticker and the 00:02:12.870 --> 00:02:15.200 align:start position:0% relationship between the ticker and the providers<00:02:13.350> so<00:02:14.010> that<00:02:14.160> means<00:02:14.370> when<00:02:14.819> they<00:02:14.910> do<00:02:15.030> the 00:02:15.200 --> 00:02:15.210 align:start position:0% providers so that means when they do the 00:02:15.210 --> 00:02:17.330 align:start position:0% providers so that means when they do the trip<00:02:15.420> there's<00:02:15.960> no<00:02:16.170> need<00:02:16.410> for<00:02:16.440> trust<00:02:17.040> right 00:02:17.330 --> 00:02:17.340 align:start position:0% trip there's no need for trust right 00:02:17.340 --> 00:02:18.320 align:start position:0% trip there's no need for trust right there's<00:02:17.610> no<00:02:17.760> middleman 00:02:18.320 --> 00:02:18.330 align:start position:0% there's no middleman 00:02:18.330 --> 00:02:20.570 align:start position:0% there's no middleman that<00:02:18.570> you<00:02:18.930> know<00:02:19.050> in<00:02:19.680> sitting<00:02:20.280> in<00:02:20.370> the<00:02:20.430> middle 00:02:20.570 --> 00:02:20.580 align:start position:0% that you know in sitting in the middle 00:02:20.580 --> 00:02:24.560 align:start position:0% that you know in sitting in the middle to<00:02:20.790> settle<00:02:21.120> the<00:02:21.240> trip<00:02:22.070> and<00:02:23.330> all<00:02:24.330> the 00:02:24.560 --> 00:02:24.570 align:start position:0% to settle the trip and all the 00:02:24.570 --> 00:02:27.890 align:start position:0% to settle the trip and all the parameters<00:02:25.050> including<00:02:25.530> rates<00:02:26.100> the<00:02:26.700> mouth<00:02:26.970> and 00:02:27.890 --> 00:02:27.900 align:start position:0% parameters including rates the mouth and 00:02:27.900 --> 00:02:29.630 align:start position:0% parameters including rates the mouth and all<00:02:28.080> this<00:02:28.200> thing<00:02:28.440> have<00:02:28.950> to<00:02:28.980> be<00:02:29.130> transparent 00:02:29.630 --> 00:02:29.640 align:start position:0% all this thing have to be transparent 00:02:29.640 --> 00:02:32.570 align:start position:0% all this thing have to be transparent and<00:02:30.030> verifiable<00:02:31.040> so<00:02:32.040> that<00:02:32.220> you<00:02:32.460> know<00:02:32.550> people 00:02:32.570 --> 00:02:32.580 align:start position:0% and verifiable so that you know people 00:02:32.580 --> 00:02:35.060 align:start position:0% and verifiable so that you know people can<00:02:32.880> detect<00:02:33.630> everything<00:02:34.080> and<00:02:34.290> can<00:02:34.860> verify 00:02:35.060 --> 00:02:35.070 align:start position:0% can detect everything and can verify 00:02:35.070 --> 00:02:37.880 align:start position:0% can detect everything and can verify everything<00:02:35.330> before<00:02:36.330> they<00:02:37.020> enter<00:02:37.500> the<00:02:37.650> trade 00:02:37.880 --> 00:02:37.890 align:start position:0% everything before they enter the trade 00:02:37.890 --> 00:02:41.830 align:start position:0% everything before they enter the trade and<00:02:39.260> most<00:02:40.260> importantly<00:02:40.680> it<00:02:40.920> has<00:02:41.130> to<00:02:41.340> be 00:02:41.830 --> 00:02:41.840 align:start position:0% and most importantly it has to be 00:02:41.840 --> 00:02:43.970 align:start position:0% and most importantly it has to be utilizable<00:02:42.840> by<00:02:42.990> the<00:02:43.590> centralized 00:02:43.970 --> 00:02:43.980 align:start position:0% utilizable by the centralized 00:02:43.980 --> 00:02:46.160 align:start position:0% utilizable by the centralized application<00:02:44.520> or<00:02:44.730> smart<00:02:45.420> contract<00:02:45.750> on<00:02:45.870> public 00:02:46.160 --> 00:02:46.170 align:start position:0% application or smart contract on public 00:02:46.170 --> 00:02:51.380 align:start position:0% application or smart contract on public blockchains<00:02:48.590> so<00:02:49.590> this<00:02:49.770> is<00:02:49.890> the<00:02:50.120> current<00:02:51.120> state 00:02:51.380 --> 00:02:51.390 align:start position:0% blockchains so this is the current state 00:02:51.390 --> 00:02:54.710 align:start position:0% blockchains so this is the current state of<00:02:52.400> all<00:02:53.400> the<00:02:53.760> decentralized<00:02:54.330> liquid 00:02:54.710 --> 00:02:54.720 align:start position:0% of all the decentralized liquid 00:02:54.720 --> 00:02:58.370 align:start position:0% of all the decentralized liquid liquidity<00:02:55.370> in<00:02:56.370> aetherium<00:02:57.090> ecosystem<00:02:57.660> so<00:02:58.230> we 00:02:58.370 --> 00:02:58.380 align:start position:0% liquidity in aetherium ecosystem so we 00:02:58.380 --> 00:03:00.550 align:start position:0% liquidity in aetherium ecosystem so we have<00:02:58.530> like<00:02:58.740> several<00:02:58.980> players<00:02:59.430> like<00:02:59.910> uni<00:03:00.209> swap 00:03:00.550 --> 00:03:00.560 align:start position:0% have like several players like uni swap 00:03:00.560 --> 00:03:05.570 align:start position:0% have like several players like uni swap Khyber<00:03:01.560> Reserve<00:03:02.390> oasis<00:03:03.390> from<00:03:03.900> maker<00:03:04.580> banco 00:03:05.570 --> 00:03:05.580 align:start position:0% Khyber Reserve oasis from maker banco 00:03:05.580 --> 00:03:08.330 align:start position:0% Khyber Reserve oasis from maker banco and<00:03:05.910> dash<00:03:06.240> h<00:03:06.450> from<00:03:06.720> gnosis<00:03:07.080> as<00:03:07.200> well<00:03:07.410> but<00:03:08.220> the 00:03:08.330 --> 00:03:08.340 align:start position:0% and dash h from gnosis as well but the 00:03:08.340 --> 00:03:12.110 align:start position:0% and dash h from gnosis as well but the main<00:03:08.550> problem<00:03:10.190> is<00:03:11.190> that<00:03:11.430> all<00:03:11.670> of<00:03:11.850> them<00:03:11.970> are 00:03:12.110 --> 00:03:12.120 align:start position:0% main problem is that all of them are 00:03:12.120 --> 00:03:14.960 align:start position:0% main problem is that all of them are working<00:03:12.240> in<00:03:12.480> silo<00:03:12.720> right<00:03:13.370> so<00:03:14.370> if<00:03:14.580> you<00:03:14.850> know<00:03:14.940> a 00:03:14.960 --> 00:03:14.970 align:start position:0% working in silo right so if you know a 00:03:14.970 --> 00:03:17.960 align:start position:0% working in silo right so if you know a def<00:03:15.270> want<00:03:15.600> to<00:03:15.750> take<00:03:16.380> liquidity<00:03:17.040> from<00:03:17.459> from<00:03:17.790> all 00:03:17.960 --> 00:03:17.970 align:start position:0% def want to take liquidity from from all 00:03:17.970 --> 00:03:20.390 align:start position:0% def want to take liquidity from from all these<00:03:18.240> players<00:03:18.660> they<00:03:19.260> you<00:03:19.800> know<00:03:19.890> they<00:03:20.160> happen 00:03:20.390 --> 00:03:20.400 align:start position:0% these players they you know they happen 00:03:20.400 --> 00:03:22.910 align:start position:0% these players they you know they happen to<00:03:20.430> have<00:03:20.550> such<00:03:20.970> different<00:03:21.620> integrations<00:03:22.620> and 00:03:22.910 --> 00:03:22.920 align:start position:0% to have such different integrations and 00:03:22.920 --> 00:03:25.040 align:start position:0% to have such different integrations and sometimes<00:03:23.610> they<00:03:23.790> you<00:03:24.600> know<00:03:24.690> it's<00:03:24.810> going<00:03:24.989> to 00:03:25.040 --> 00:03:25.050 align:start position:0% sometimes they you know it's going to 00:03:25.050 --> 00:03:27.050 align:start position:0% sometimes they you know it's going to take<00:03:25.170> a<00:03:25.230> lot<00:03:25.380> of<00:03:25.410> time<00:03:25.620> right<00:03:25.980> and<00:03:26.190> sometimes 00:03:27.050 --> 00:03:27.060 align:start position:0% take a lot of time right and sometimes 00:03:27.060 --> 00:03:30.380 align:start position:0% take a lot of time right and sometimes they<00:03:27.780> is<00:03:28.709> it's<00:03:28.980> even<00:03:29.160> really<00:03:29.790> hard<00:03:30.000> to<00:03:30.209> find 00:03:30.380 --> 00:03:30.390 align:start position:0% they is it's even really hard to find 00:03:30.390 --> 00:03:32.090 align:start position:0% they is it's even really hard to find enough<00:03:30.720> liquidity<00:03:31.170> because<00:03:31.470> these<00:03:31.709> don't 00:03:32.090 --> 00:03:32.100 align:start position:0% enough liquidity because these don't 00:03:32.100 --> 00:03:34.280 align:start position:0% enough liquidity because these don't have<00:03:32.310> enough<00:03:32.610> term<00:03:32.790> and<00:03:33.060> and<00:03:33.540> gas<00:03:33.750> right<00:03:34.110> to 00:03:34.280 --> 00:03:34.290 align:start position:0% have enough term and and gas right to 00:03:34.290 --> 00:03:38.390 align:start position:0% have enough term and and gas right to talk<00:03:34.530> to<00:03:34.650> everyone<00:03:36.530> so<00:03:37.530> this<00:03:37.680> is<00:03:37.830> where<00:03:38.070> copper 00:03:38.390 --> 00:03:38.400 align:start position:0% talk to everyone so this is where copper 00:03:38.400 --> 00:03:40.120 align:start position:0% talk to everyone so this is where copper comes<00:03:38.640> in<00:03:38.820> right<00:03:39.180> we<00:03:39.570> are<00:03:39.660> building<00:03:39.930> a 00:03:40.120 --> 00:03:40.130 align:start position:0% comes in right we are building a 00:03:40.130 --> 00:03:43.509 align:start position:0% comes in right we are building a decentralized<00:03:41.130> liquidity<00:03:41.670> protocol<00:03:42.150> that 00:03:43.509 --> 00:03:43.519 align:start position:0% decentralized liquidity protocol that 00:03:43.519 --> 00:03:45.590 align:start position:0% decentralized liquidity protocol that basically<00:03:44.519> connect<00:03:44.910> all<00:03:45.120> the<00:03:45.239> on<00:03:45.390> chain 00:03:45.590 --> 00:03:45.600 align:start position:0% basically connect all the on chain 00:03:45.600 --> 00:03:48.229 align:start position:0% basically connect all the on chain liquidity<00:03:46.019> sources<00:03:46.470> you<00:03:47.430> know<00:03:47.550> beer<00:03:47.790> units 00:03:48.229 --> 00:03:48.239 align:start position:0% liquidity sources you know beer units 00:03:48.239 --> 00:03:52.130 align:start position:0% liquidity sources you know beer units were<00:03:48.420> Khyber<00:03:49.080> Reserve<00:03:49.530> Bank<00:03:50.280> Oasis<00:03:51.000> and<00:03:51.209> the 00:03:52.130 --> 00:03:52.140 align:start position:0% were Khyber Reserve Bank Oasis and the 00:03:52.140 --> 00:03:54.440 align:start position:0% were Khyber Reserve Bank Oasis and the main<00:03:52.320> goal<00:03:52.500> is<00:03:52.620> to<00:03:52.769> create<00:03:53.040> one<00:03:53.610> single<00:03:53.910> create 00:03:54.440 --> 00:03:54.450 align:start position:0% main goal is to create one single create 00:03:54.450 --> 00:03:56.030 align:start position:0% main goal is to create one single create a<00:03:54.540> pool<00:03:54.750> for<00:03:55.320> all<00:03:55.530> the<00:03:55.650> decentralized 00:03:56.030 --> 00:03:56.040 align:start position:0% a pool for all the decentralized 00:03:56.040 --> 00:03:58.759 align:start position:0% a pool for all the decentralized application<00:03:56.910> and<00:03:57.150> and<00:03:57.780> wallets<00:03:58.170> and<00:03:58.380> website 00:03:58.759 --> 00:03:58.769 align:start position:0% application and and wallets and website 00:03:58.769 --> 00:04:02.509 align:start position:0% application and and wallets and website to<00:04:00.350> you<00:04:01.350> know<00:04:01.470> to<00:04:01.800> take<00:04:02.010> the<00:04:02.160> best<00:04:02.310> rate 00:04:02.509 --> 00:04:02.519 align:start position:0% to you know to take the best rate 00:04:02.519 --> 00:04:05.240 align:start position:0% to you know to take the best rate available<00:04:02.670> in<00:04:03.209> the<00:04:03.300> market<00:04:03.800> so<00:04:04.800> basically 00:04:05.240 --> 00:04:05.250 align:start position:0% available in the market so basically 00:04:05.250 --> 00:04:07.670 align:start position:0% available in the market so basically they<00:04:05.820> just<00:04:05.850> talk<00:04:06.239> to<00:04:06.390> Khyber<00:04:06.630> and<00:04:06.870> Khyber<00:04:07.440> will 00:04:07.670 --> 00:04:07.680 align:start position:0% they just talk to Khyber and Khyber will 00:04:07.680 --> 00:04:09.259 align:start position:0% they just talk to Khyber and Khyber will justify<00:04:07.860> the<00:04:07.980> best<00:04:08.280> rate<00:04:08.459> available<00:04:08.580> for<00:04:09.120> them 00:04:09.259 --> 00:04:09.269 align:start position:0% justify the best rate available for them 00:04:09.269 --> 00:04:14.660 align:start position:0% justify the best rate available for them and<00:04:09.450> return<00:04:10.019> it<00:04:10.459> you<00:04:11.459> know<00:04:11.550> to<00:04:11.610> to<00:04:12.030> the<00:04:12.150> DAP<00:04:13.670> so 00:04:14.660 --> 00:04:14.670 align:start position:0% and return it you know to to the DAP so 00:04:14.670 --> 00:04:17.870 align:start position:0% and return it you know to to the DAP so this<00:04:14.850> is<00:04:15.000> one<00:04:15.209> example<00:04:15.360> of<00:04:15.870> how<00:04:16.109> a<00:04:16.880> unchained 00:04:17.870 --> 00:04:17.880 align:start position:0% this is one example of how a unchained 00:04:17.880 --> 00:04:20.449 align:start position:0% this is one example of how a unchained index<00:04:18.180> fund<00:04:18.390> can<00:04:18.810> use<00:04:18.989> Khyber<00:04:19.260> for<00:04:20.100> example 00:04:20.449 --> 00:04:20.459 align:start position:0% index fund can use Khyber for example 00:04:20.459 --> 00:04:22.190 align:start position:0% index fund can use Khyber for example here<00:04:20.669> that<00:04:20.700> users<00:04:21.150> they<00:04:21.450> want<00:04:21.780> to<00:04:21.900> send<00:04:22.080> the 00:04:22.190 --> 00:04:22.200 align:start position:0% here that users they want to send the 00:04:22.200 --> 00:04:24.140 align:start position:0% here that users they want to send the ETA<00:04:22.440> and<00:04:22.650> they<00:04:23.010> want<00:04:23.190> to<00:04:23.280> convert<00:04:23.610> this<00:04:23.790> ETA 00:04:24.140 --> 00:04:24.150 align:start position:0% ETA and they want to convert this ETA 00:04:24.150 --> 00:04:27.230 align:start position:0% ETA and they want to convert this ETA into<00:04:24.510> a<00:04:24.800> into<00:04:25.800> an<00:04:26.010> index<00:04:26.430> of<00:04:26.580> you<00:04:26.940> know<00:04:27.060> that 00:04:27.230 --> 00:04:27.240 align:start position:0% into a into an index of you know that 00:04:27.240 --> 00:04:29.779 align:start position:0% into a into an index of you know that has<00:04:27.390> 30<00:04:27.660> percent<00:04:28.050> by<00:04:28.289> 30<00:04:29.160> percent<00:04:29.580> of<00:04:29.640> public 00:04:29.779 --> 00:04:29.789 align:start position:0% has 30 percent by 30 percent of public 00:04:29.789 --> 00:04:32.540 align:start position:0% has 30 percent by 30 percent of public BTC<00:04:30.360> and<00:04:30.800> say<00:04:31.800> 40<00:04:32.220> percent 00:04:32.540 --> 00:04:32.550 align:start position:0% BTC and say 40 percent 00:04:32.550 --> 00:04:35.810 align:start position:0% BTC and say 40 percent link<00:04:32.880> right<00:04:33.330> the<00:04:33.840> dissenter<00:04:34.410> it<00:04:34.830> hurt<00:04:35.040> in 00:04:35.810 --> 00:04:35.820 align:start position:0% link right the dissenter it hurt in 00:04:35.820 --> 00:04:37.970 align:start position:0% link right the dissenter it hurt in origination<00:04:36.330> to<00:04:36.570> the<00:04:36.660> index<00:04:36.930> fund<00:04:37.170> and<00:04:37.350> the 00:04:37.970 --> 00:04:37.980 align:start position:0% origination to the index fund and the 00:04:37.980 --> 00:04:39.610 align:start position:0% origination to the index fund and the index<00:04:38.280> fund<00:04:38.430> with<00:04:38.610> us<00:04:38.700> for<00:04:38.880> what<00:04:39.060> the 00:04:39.610 --> 00:04:39.620 align:start position:0% index fund with us for what the 00:04:39.620 --> 00:04:42.650 align:start position:0% index fund with us for what the interruption<00:04:40.620> and<00:04:40.860> the<00:04:41.490> fund<00:04:41.730> to<00:04:42.180> the<00:04:42.450> khyber 00:04:42.650 --> 00:04:42.660 align:start position:0% interruption and the fund to the khyber 00:04:42.660 --> 00:04:44.810 align:start position:0% interruption and the fund to the khyber contract<00:04:43.140> and<00:04:43.290> with<00:04:43.770> this<00:04:43.890> but<00:04:44.100> we<00:04:44.430> defined 00:04:44.810 --> 00:04:44.820 align:start position:0% contract and with this but we defined 00:04:44.820 --> 00:04:46.640 align:start position:0% contract and with this but we defined the<00:04:44.940> best<00:04:45.120> rate<00:04:45.330> according<00:04:45.810> to<00:04:46.020> H<00:04:46.380> of<00:04:46.560> the 00:04:46.640 --> 00:04:46.650 align:start position:0% the best rate according to H of the 00:04:46.650 --> 00:04:50.270 align:start position:0% the best rate according to H of the asset<00:04:47.010> for<00:04:47.790> the<00:04:47.880> users<00:04:48.210> and<00:04:48.710> in<00:04:49.710> one<00:04:50.010> single 00:04:50.270 --> 00:04:50.280 align:start position:0% asset for the users and in one single 00:04:50.280 --> 00:04:51.920 align:start position:0% asset for the users and in one single generation<00:04:50.790> we<00:04:51.030> can<00:04:51.060> return<00:04:51.510> everything 00:04:51.920 --> 00:04:51.930 align:start position:0% generation we can return everything 00:04:51.930 --> 00:04:55.040 align:start position:0% generation we can return everything through<00:04:52.860> the<00:04:53.010> n<00:04:53.130> users<00:04:53.430> that<00:04:54.210> will<00:04:54.390> reduce<00:04:54.600> all 00:04:55.040 --> 00:04:55.050 align:start position:0% through the n users that will reduce all 00:04:55.050 --> 00:04:57.890 align:start position:0% through the n users that will reduce all the<00:04:55.200> friction<00:04:55.440> because<00:04:56.430> you<00:04:56.760> know<00:04:56.880> in<00:04:57.060> a<00:04:57.180> in<00:04:57.480> a 00:04:57.890 --> 00:04:57.900 align:start position:0% the friction because you know in a in a 00:04:57.900 --> 00:05:00.440 align:start position:0% the friction because you know in a in a non<00:04:58.080> khyber<00:04:58.550> generation<00:04:59.550> they<00:04:59.670> may<00:05:00.150> have<00:05:00.300> like 00:05:00.440 --> 00:05:00.450 align:start position:0% non khyber generation they may have like 00:05:00.450 --> 00:05:02.240 align:start position:0% non khyber generation they may have like to<00:05:00.540> do<00:05:00.660> like<00:05:00.840> three<00:05:00.960> different<00:05:01.170> generation<00:05:01.800> in 00:05:02.240 --> 00:05:02.250 align:start position:0% to do like three different generation in 00:05:02.250 --> 00:05:07.190 align:start position:0% to do like three different generation in order<00:05:02.340> to<00:05:02.610> finish<00:05:02.820> the<00:05:02.970> trade<00:05:05.930> so<00:05:06.930> what<00:05:07.110> are 00:05:07.190 --> 00:05:07.200 align:start position:0% order to finish the trade so what are 00:05:07.200 --> 00:05:09.410 align:start position:0% order to finish the trade so what are the<00:05:07.290> good<00:05:07.410> properties<00:05:07.650> that<00:05:08.040> we<00:05:08.220> enable<00:05:08.880> right 00:05:09.410 --> 00:05:09.420 align:start position:0% the good properties that we enable right 00:05:09.420 --> 00:05:12.830 align:start position:0% the good properties that we enable right first<00:05:10.260> of<00:05:10.410> all<00:05:10.500> is<00:05:10.740> you<00:05:11.280> know<00:05:11.400> this<00:05:12.240> I<00:05:12.450> will 00:05:12.830 --> 00:05:12.840 align:start position:0% first of all is you know this I will 00:05:12.840 --> 00:05:16.160 align:start position:0% first of all is you know this I will just<00:05:13.200> combine<00:05:14.160> all<00:05:14.700> the<00:05:15.270> available<00:05:15.600> liquidity 00:05:16.160 --> 00:05:16.170 align:start position:0% just combine all the available liquidity 00:05:16.170 --> 00:05:18.860 align:start position:0% just combine all the available liquidity sources<00:05:16.740> and<00:05:17.490> make<00:05:17.700> it<00:05:17.820> single<00:05:18.150> in<00:05:18.270> one<00:05:18.540> single 00:05:18.860 --> 00:05:18.870 align:start position:0% sources and make it single in one single 00:05:18.870 --> 00:05:20.900 align:start position:0% sources and make it single in one single make<00:05:19.680> it<00:05:19.800> available<00:05:20.010> in<00:05:20.370> one<00:05:20.580> single 00:05:20.900 --> 00:05:20.910 align:start position:0% make it available in one single 00:05:20.910 --> 00:05:24.470 align:start position:0% make it available in one single interface<00:05:21.450> for<00:05:22.380> any<00:05:22.650> application<00:05:23.430> any<00:05:23.670> gap<00:05:24.180> to 00:05:24.470 --> 00:05:24.480 align:start position:0% interface for any application any gap to 00:05:24.480 --> 00:05:26.870 align:start position:0% interface for any application any gap to integrate<00:05:24.870> so<00:05:25.800> that<00:05:26.040> that<00:05:26.370> was<00:05:26.550> just<00:05:26.700> like 00:05:26.870 --> 00:05:26.880 align:start position:0% integrate so that that was just like 00:05:26.880 --> 00:05:30.040 align:start position:0% integrate so that that was just like make<00:05:27.030> it<00:05:27.060> easy<00:05:27.630> for<00:05:27.660> for<00:05:28.350> all<00:05:28.530> term<00:05:28.800> and 00:05:30.040 --> 00:05:30.050 align:start position:0% make it easy for for all term and 00:05:30.050 --> 00:05:33.530 align:start position:0% make it easy for for all term and secondly<00:05:31.280> we<00:05:32.280> have<00:05:32.460> a<00:05:32.490> flexible<00:05:33.000> liquidity 00:05:33.530 --> 00:05:33.540 align:start position:0% secondly we have a flexible liquidity 00:05:33.540 --> 00:05:36.350 align:start position:0% secondly we have a flexible liquidity models<00:05:34.020> so<00:05:34.890> that<00:05:34.920> we<00:05:35.250> can<00:05:35.430> work<00:05:35.670> with<00:05:35.700> you<00:05:36.240> know 00:05:36.350 --> 00:05:36.360 align:start position:0% models so that we can work with you know 00:05:36.360 --> 00:05:38.750 align:start position:0% models so that we can work with you know all<00:05:36.540> of<00:05:36.570> the<00:05:36.810> liquidity<00:05:37.170> sources<00:05:37.710> that's<00:05:38.610> why 00:05:38.750 --> 00:05:38.760 align:start position:0% all of the liquidity sources that's why 00:05:38.760 --> 00:05:40.880 align:start position:0% all of the liquidity sources that's why khyber<00:05:39.420> is<00:05:39.570> the<00:05:39.720> only<00:05:39.930> one<00:05:40.170> that<00:05:40.230> could<00:05:40.500> talk 00:05:40.880 --> 00:05:40.890 align:start position:0% khyber is the only one that could talk 00:05:40.890 --> 00:05:43.250 align:start position:0% khyber is the only one that could talk to<00:05:41.100> a<00:05:41.370> voices<00:05:42.000> that<00:05:42.300> could<00:05:42.450> talk<00:05:42.600> to<00:05:42.750> uni<00:05:43.020> swap 00:05:43.250 --> 00:05:43.260 align:start position:0% to a voices that could talk to uni swap 00:05:43.260 --> 00:05:45.860 align:start position:0% to a voices that could talk to uni swap that<00:05:43.830> could<00:05:44.010> talk<00:05:44.190> to<00:05:44.310> gnosis<00:05:44.670> and<00:05:44.820> we<00:05:45.480> could 00:05:45.860 --> 00:05:45.870 align:start position:0% that could talk to gnosis and we could 00:05:45.870 --> 00:05:47.210 align:start position:0% that could talk to gnosis and we could even<00:05:46.020> work<00:05:46.230> with<00:05:46.410> professional<00:05:46.950> market 00:05:47.210 --> 00:05:47.220 align:start position:0% even work with professional market 00:05:47.220 --> 00:05:54.380 align:start position:0% even work with professional market makers<00:05:47.520> that<00:05:48.480> market<00:05:49.110> marking<00:05:49.620> on<00:05:49.860> chin<00:05:53.390> so 00:05:54.380 --> 00:05:54.390 align:start position:0% makers that market marking on chin so 00:05:54.390 --> 00:05:56.960 align:start position:0% makers that market marking on chin so yeah<00:05:54.900> so<00:05:55.170> this<00:05:55.320> really<00:05:55.680> like<00:05:55.860> allow<00:05:56.580> other 00:05:56.960 --> 00:05:56.970 align:start position:0% yeah so this really like allow other 00:05:56.970 --> 00:05:59.240 align:start position:0% yeah so this really like allow other liquidity<00:05:57.600> providers<00:05:57.990> to<00:05:58.230> use<00:05:58.260> different 00:05:59.240 --> 00:05:59.250 align:start position:0% liquidity providers to use different 00:05:59.250 --> 00:06:01.190 align:start position:0% liquidity providers to use different strategy<00:05:59.790> when<00:06:00.270> it<00:06:00.300> comes<00:06:00.600> to<00:06:00.780> market<00:06:01.020> making 00:06:01.190 --> 00:06:01.200 align:start position:0% strategy when it comes to market making 00:06:01.200 --> 00:06:05.060 align:start position:0% strategy when it comes to market making on<00:06:01.470> chain<00:06:01.970> on<00:06:02.970> the<00:06:03.630> other<00:06:03.660> hand<00:06:04.050> if<00:06:04.290> you<00:06:04.500> you 00:06:05.060 --> 00:06:05.070 align:start position:0% on chain on the other hand if you you 00:06:05.070 --> 00:06:07.850 align:start position:0% on chain on the other hand if you you know<00:06:05.190> on<00:06:05.400> UNIX<00:06:06.060> web<00:06:06.210> there's<00:06:06.510> only<00:06:06.860> automatic 00:06:07.850 --> 00:06:07.860 align:start position:0% know on UNIX web there's only automatic 00:06:07.860 --> 00:06:10.790 align:start position:0% know on UNIX web there's only automatic market<00:06:08.220> making<00:06:08.400> model<00:06:08.760> and<00:06:08.940> if<00:06:09.510> you<00:06:09.800> subscribe 00:06:10.790 --> 00:06:10.800 align:start position:0% market making model and if you subscribe 00:06:10.800 --> 00:06:13.310 align:start position:0% market making model and if you subscribe to<00:06:10.830> some<00:06:11.310> some<00:06:12.210> liquidity<00:06:12.630> pool<00:06:12.960> you<00:06:13.110> have<00:06:13.230> to 00:06:13.310 --> 00:06:13.320 align:start position:0% to some some liquidity pool you have to 00:06:13.320 --> 00:06:15.500 align:start position:0% to some some liquidity pool you have to follow<00:06:13.500> that<00:06:13.770> model<00:06:13.980> right<00:06:14.460> and<00:06:15.270> it's<00:06:15.420> the 00:06:15.500 --> 00:06:15.510 align:start position:0% follow that model right and it's the 00:06:15.510 --> 00:06:17.990 align:start position:0% follow that model right and it's the same<00:06:15.720> for<00:06:15.750> for<00:06:16.740> always<00:06:16.980> this<00:06:17.130> latest<00:06:17.850> for 00:06:17.990 --> 00:06:18.000 align:start position:0% same for for always this latest for 00:06:18.000 --> 00:06:24.320 align:start position:0% same for for always this latest for example<00:06:20.540> and<00:06:21.860> third<00:06:22.860> but<00:06:23.460> also<00:06:23.610> like<00:06:23.970> the<00:06:24.150> most 00:06:24.320 --> 00:06:24.330 align:start position:0% example and third but also like the most 00:06:24.330 --> 00:06:26.810 align:start position:0% example and third but also like the most important<00:06:24.780> property<00:06:25.170> is<00:06:25.350> that<00:06:25.590> Kaiba<00:06:26.460> runs 00:06:26.810 --> 00:06:26.820 align:start position:0% important property is that Kaiba runs 00:06:26.820 --> 00:06:28.790 align:start position:0% important property is that Kaiba runs everything<00:06:27.180> on<00:06:27.420> chain<00:06:27.660> that<00:06:28.290> will<00:06:28.470> make<00:06:28.620> it 00:06:28.790 --> 00:06:28.800 align:start position:0% everything on chain that will make it 00:06:28.800 --> 00:06:31.790 align:start position:0% everything on chain that will make it you<00:06:29.550> know<00:06:30.080> super<00:06:31.080> transparent<00:06:31.680> and 00:06:31.790 --> 00:06:31.800 align:start position:0% you know super transparent and 00:06:31.800 --> 00:06:34.070 align:start position:0% you know super transparent and verifiable<00:06:32.040> that<00:06:32.580> means<00:06:33.030> there's<00:06:33.390> no<00:06:33.570> trusted 00:06:34.070 --> 00:06:34.080 align:start position:0% verifiable that means there's no trusted 00:06:34.080 --> 00:06:37.310 align:start position:0% verifiable that means there's no trusted third<00:06:34.290> party<00:06:34.620> and<00:06:35.610> this<00:06:35.790> is<00:06:35.850> the<00:06:36.150> main<00:06:36.360> reason 00:06:37.310 --> 00:06:37.320 align:start position:0% third party and this is the main reason 00:06:37.320 --> 00:06:40.490 align:start position:0% third party and this is the main reason why<00:06:37.860> we<00:06:38.760> design<00:06:39.350> khyber 00:06:40.490 --> 00:06:40.500 align:start position:0% why we design khyber 00:06:40.500 --> 00:06:42.740 align:start position:0% why we design khyber to<00:06:41.370> be<00:06:41.490> fully<00:06:41.760> Unchained<00:06:42.120> in<00:06:42.270> the<00:06:42.360> first<00:06:42.540> place 00:06:42.740 --> 00:06:42.750 align:start position:0% to be fully Unchained in the first place 00:06:42.750 --> 00:06:44.840 align:start position:0% to be fully Unchained in the first place but<00:06:43.320> later<00:06:43.560> on<00:06:43.710> when<00:06:44.130> we<00:06:44.190> started<00:06:44.640> working 00:06:44.840 --> 00:06:44.850 align:start position:0% but later on when we started working 00:06:44.850 --> 00:06:46.050 align:start position:0% but later on when we started working with 00:06:46.050 --> 00:06:46.060 align:start position:0% with 00:06:46.060 --> 00:06:47.610 align:start position:0% with you<00:06:46.150> know<00:06:46.240> a<00:06:46.270> few<00:06:46.480> project<00:06:46.930> we<00:06:47.260> realize<00:06:47.590> that 00:06:47.610 --> 00:06:47.620 align:start position:0% you know a few project we realize that 00:06:47.620 --> 00:06:50.160 align:start position:0% you know a few project we realize that running<00:06:48.220> fully<00:06:48.430> on<00:06:48.610> chain<00:06:48.850> make<00:06:49.390> it<00:06:49.570> very<00:06:49.960> easy 00:06:50.160 --> 00:06:50.170 align:start position:0% running fully on chain make it very easy 00:06:50.170 --> 00:06:53.430 align:start position:0% running fully on chain make it very easy to<00:06:50.560> you<00:06:51.520> know<00:06:51.550> connect<00:06:52.000> with<00:06:52.090> others<00:06:52.360> as<00:06:52.540> well 00:06:53.430 --> 00:06:53.440 align:start position:0% to you know connect with others as well 00:06:53.440 --> 00:06:55.320 align:start position:0% to you know connect with others as well that<00:06:53.800> means<00:06:54.010> there's<00:06:54.400> a<00:06:54.490> great<00:06:54.730> composability 00:06:55.320 --> 00:06:55.330 align:start position:0% that means there's a great composability 00:06:55.330 --> 00:06:57.650 align:start position:0% that means there's a great composability with<00:06:55.870> many<00:06:56.230> other<00:06:56.380> on<00:06:56.680> chain<00:06:56.890> applications 00:06:57.650 --> 00:06:57.660 align:start position:0% with many other on chain applications 00:06:57.660 --> 00:07:00.990 align:start position:0% with many other on chain applications and<00:06:58.660> moving<00:06:59.530> forward<00:06:59.770> I<00:07:00.190> think<00:07:00.550> this<00:07:00.670> is<00:07:00.820> one 00:07:00.990 --> 00:07:01.000 align:start position:0% and moving forward I think this is one 00:07:01.000 --> 00:07:03.300 align:start position:0% and moving forward I think this is one of<00:07:01.060> our<00:07:01.240> key<00:07:01.420> concern<00:07:01.840> when<00:07:02.170> it<00:07:02.620> Orion<00:07:03.070> switch 00:07:03.300 --> 00:07:03.310 align:start position:0% of our key concern when it Orion switch 00:07:03.310 --> 00:07:06.660 align:start position:0% of our key concern when it Orion switch to<00:07:03.550> eat<00:07:03.790> pie<00:07:04.120> to<00:07:04.570> pie<00:07:04.720> oh<00:07:04.950> when<00:07:05.950> you<00:07:06.310> know<00:07:06.430> there 00:07:06.660 --> 00:07:06.670 align:start position:0% to eat pie to pie oh when you know there 00:07:06.670 --> 00:07:09.090 align:start position:0% to eat pie to pie oh when you know there are<00:07:06.760> different<00:07:07.180> shop<00:07:07.390> and<00:07:07.630> you<00:07:07.870> know<00:07:08.100> running 00:07:09.090 --> 00:07:09.100 align:start position:0% are different shop and you know running 00:07:09.100 --> 00:07:10.650 align:start position:0% are different shop and you know running on<00:07:09.370> chain<00:07:09.640> doesn't<00:07:09.880> mean<00:07:10.090> that<00:07:10.270> you<00:07:10.420> can 00:07:10.650 --> 00:07:10.660 align:start position:0% on chain doesn't mean that you can 00:07:10.660 --> 00:07:12.930 align:start position:0% on chain doesn't mean that you can doesn't<00:07:11.440> mean<00:07:11.680> that<00:07:11.800> you<00:07:11.980> could<00:07:12.580> talk<00:07:12.760> to<00:07:12.790> a 00:07:12.930 --> 00:07:12.940 align:start position:0% doesn't mean that you could talk to a 00:07:12.940 --> 00:07:21.150 align:start position:0% doesn't mean that you could talk to a different<00:07:13.600> smart<00:07:14.230> contract<00:07:14.530> easily<00:07:19.980> this<00:07:20.980> is 00:07:21.150 --> 00:07:21.160 align:start position:0% different smart contract easily this is 00:07:21.160 --> 00:07:24.270 align:start position:0% different smart contract easily this is the<00:07:21.370> stops<00:07:21.760> in<00:07:22.030> the<00:07:22.150> last<00:07:22.390> few<00:07:22.840> months 00:07:24.270 --> 00:07:24.280 align:start position:0% the stops in the last few months 00:07:24.280 --> 00:07:28.140 align:start position:0% the stops in the last few months okay<00:07:25.270> so<00:07:25.330> we<00:07:25.960> have<00:07:26.110> more<00:07:26.500> the<00:07:26.980> more<00:07:27.400> than<00:07:27.580> 5,000 00:07:28.140 --> 00:07:28.150 align:start position:0% okay so we have more the more than 5,000 00:07:28.150 --> 00:07:30.690 align:start position:0% okay so we have more the more than 5,000 monthly<00:07:29.110> unique<00:07:29.440> addresses<00:07:29.590> that<00:07:30.340> have<00:07:30.400> been 00:07:30.690 --> 00:07:30.700 align:start position:0% monthly unique addresses that have been 00:07:30.700 --> 00:07:33.930 align:start position:0% monthly unique addresses that have been using<00:07:30.910> khyber<00:07:32.280> the<00:07:33.280> number<00:07:33.550> of<00:07:33.640> liquidity 00:07:33.930 --> 00:07:33.940 align:start position:0% using khyber the number of liquidity 00:07:33.940 --> 00:07:35.880 align:start position:0% using khyber the number of liquidity providers<00:07:34.630> that<00:07:35.230> have<00:07:35.500> been<00:07:35.680> working 00:07:35.880 --> 00:07:35.890 align:start position:0% providers that have been working 00:07:35.890 --> 00:07:40.320 align:start position:0% providers that have been working actively<00:07:36.820> on<00:07:37.000> khyber<00:07:37.330> is<00:07:37.690> around<00:07:38.080> 30<00:07:38.880> so<00:07:39.880> value 00:07:40.320 --> 00:07:40.330 align:start position:0% actively on khyber is around 30 so value 00:07:40.330 --> 00:07:44.160 align:start position:0% actively on khyber is around 30 so value locking<00:07:40.780> this<00:07:41.530> is<00:07:41.710> the<00:07:42.690> metric<00:07:43.690> that<00:07:43.720> a<00:07:43.870> lot<00:07:44.080> of 00:07:44.160 --> 00:07:44.170 align:start position:0% locking this is the metric that a lot of 00:07:44.170 --> 00:07:46.110 align:start position:0% locking this is the metric that a lot of people<00:07:44.440> are<00:07:44.590> talking<00:07:44.740> on<00:07:45.010> Twitter<00:07:45.190> but<00:07:45.940> I 00:07:46.110 --> 00:07:46.120 align:start position:0% people are talking on Twitter but I 00:07:46.120 --> 00:07:48.020 align:start position:0% people are talking on Twitter but I don't<00:07:46.390> think<00:07:46.540> is<00:07:46.630> that<00:07:46.660> important<00:07:47.590> because 00:07:48.020 --> 00:07:48.030 align:start position:0% don't think is that important because 00:07:48.030 --> 00:07:51.180 align:start position:0% don't think is that important because for<00:07:49.030> kaiba<00:07:49.330> the<00:07:49.810> value<00:07:50.110> locking<00:07:50.470> is<00:07:50.620> actually 00:07:51.180 --> 00:07:51.190 align:start position:0% for kaiba the value locking is actually 00:07:51.190 --> 00:07:53.160 align:start position:0% for kaiba the value locking is actually much<00:07:51.430> less<00:07:51.640> than<00:07:51.880> others<00:07:52.240> but<00:07:52.780> we<00:07:52.870> are 00:07:53.160 --> 00:07:53.170 align:start position:0% much less than others but we are 00:07:53.170 --> 00:07:55.760 align:start position:0% much less than others but we are processing<00:07:53.350> in<00:07:54.070> terms<00:07:54.130> of<00:07:54.460> the<00:07:54.550> trade<00:07:54.760> volume 00:07:55.760 --> 00:07:55.770 align:start position:0% processing in terms of the trade volume 00:07:55.770 --> 00:07:59.940 align:start position:0% processing in terms of the trade volume much<00:07:56.770> more<00:07:56.980> than<00:07:57.160> others<00:07:57.430> at<00:07:57.640> the<00:07:57.790> moment<00:07:58.950> and 00:07:59.940 --> 00:07:59.950 align:start position:0% much more than others at the moment and 00:07:59.950 --> 00:08:01.950 align:start position:0% much more than others at the moment and in<00:08:00.400> the<00:08:00.490> last<00:08:00.640> six<00:08:00.910> months<00:08:01.030> we<00:08:01.360> are<00:08:01.630> processing 00:08:01.950 --> 00:08:01.960 align:start position:0% in the last six months we are processing 00:08:01.960 --> 00:08:04.770 align:start position:0% in the last six months we are processing more<00:08:02.500> than<00:08:02.680> you<00:08:03.130> know<00:08:03.250> it<00:08:03.550> and<00:08:03.940> rip<00:08:04.120> thousand 00:08:04.770 --> 00:08:04.780 align:start position:0% more than you know it and rip thousand 00:08:04.780 --> 00:08:08.160 align:start position:0% more than you know it and rip thousand eater<00:08:04.990> that<00:08:05.800> is<00:08:06.280> corresponding<00:08:06.820> to<00:08:07.170> around 00:08:08.160 --> 00:08:08.170 align:start position:0% eater that is corresponding to around 00:08:08.170 --> 00:08:11.550 align:start position:0% eater that is corresponding to around 150<00:08:08.830> million<00:08:09.040> USD<00:08:09.900> the<00:08:10.900> number<00:08:11.170> of<00:08:11.260> tokens 00:08:11.550 --> 00:08:11.560 align:start position:0% 150 million USD the number of tokens 00:08:11.560 --> 00:08:13.800 align:start position:0% 150 million USD the number of tokens that<00:08:11.890> we<00:08:12.130> were<00:08:12.220> supporting<00:08:12.700> is<00:08:12.820> around<00:08:13.120> 70<00:08:13.570> and 00:08:13.800 --> 00:08:13.810 align:start position:0% that we were supporting is around 70 and 00:08:13.810 --> 00:08:18.360 align:start position:0% that we were supporting is around 70 and we<00:08:14.020> are<00:08:14.110> adding<00:08:14.410> more<00:08:14.890> every<00:08:15.790> month<00:08:17.220> so<00:08:18.220> in 00:08:18.360 --> 00:08:18.370 align:start position:0% we are adding more every month so in 00:08:18.370 --> 00:08:20.250 align:start position:0% we are adding more every month so in terms<00:08:18.550> of<00:08:18.670> application<00:08:19.270> integrated<00:08:19.870> I<00:08:19.990> want 00:08:20.250 --> 00:08:20.260 align:start position:0% terms of application integrated I want 00:08:20.260 --> 00:08:23.070 align:start position:0% terms of application integrated I want to<00:08:20.350> show<00:08:20.560> this<00:08:20.800> figure<00:08:21.490> right<00:08:22.270> so<00:08:22.660> we<00:08:22.900> have 00:08:23.070 --> 00:08:23.080 align:start position:0% to show this figure right so we have 00:08:23.080 --> 00:08:25.710 align:start position:0% to show this figure right so we have more<00:08:23.830> than<00:08:24.010> 65<00:08:24.700> different<00:08:24.850> applications 00:08:25.710 --> 00:08:25.720 align:start position:0% more than 65 different applications 00:08:25.720 --> 00:08:27.810 align:start position:0% more than 65 different applications wallets<00:08:26.500> that<00:08:26.740> have<00:08:26.920> been<00:08:27.100> integrating<00:08:27.700> with 00:08:27.810 --> 00:08:27.820 align:start position:0% wallets that have been integrating with 00:08:27.820 --> 00:08:30.990 align:start position:0% wallets that have been integrating with khyber<00:08:28.060> to<00:08:28.600> utilize<00:08:29.080> the<00:08:29.730> liquidity<00:08:30.730> pool 00:08:30.990 --> 00:08:31.000 align:start position:0% khyber to utilize the liquidity pool 00:08:31.000 --> 00:08:32.850 align:start position:0% khyber to utilize the liquidity pool that<00:08:31.120> we<00:08:31.270> have<00:08:31.450> and<00:08:31.720> many<00:08:32.380> of<00:08:32.530> them<00:08:32.650> are<00:08:32.770> here 00:08:32.850 --> 00:08:32.860 align:start position:0% that we have and many of them are here 00:08:32.860 --> 00:08:37.980 align:start position:0% that we have and many of them are here today<00:08:33.070> like<00:08:33.550> Toto<00:08:33.850> and<00:08:34.300> BC<00:08:34.960> rights<00:08:36.480> and<00:08:37.480> and 00:08:37.980 --> 00:08:37.990 align:start position:0% today like Toto and BC rights and and 00:08:37.990 --> 00:08:39.780 align:start position:0% today like Toto and BC rights and and and<00:08:38.230> we<00:08:38.470> can<00:08:38.620> also<00:08:38.770> see<00:08:39.010> a<00:08:39.040> lot<00:08:39.190> of<00:08:39.250> other<00:08:39.430> defi 00:08:39.780 --> 00:08:39.790 align:start position:0% and we can also see a lot of other defi 00:08:39.790 --> 00:08:42.150 align:start position:0% and we can also see a lot of other defi players<00:08:40.060> like<00:08:40.420> set<00:08:40.690> protocol<00:08:41.140> and<00:08:41.440> new<00:08:41.680> oh<00:08:41.710> and 00:08:42.150 --> 00:08:42.160 align:start position:0% players like set protocol and new oh and 00:08:42.160 --> 00:08:45.840 align:start position:0% players like set protocol and new oh and instead<00:08:42.760> up<00:08:43.560> in<00:08:44.560> terms<00:08:44.770> of<00:08:44.980> wallets<00:08:45.340> I<00:08:45.550> think 00:08:45.840 --> 00:08:45.850 align:start position:0% instead up in terms of wallets I think 00:08:45.850 --> 00:08:47.790 align:start position:0% instead up in terms of wallets I think we<00:08:45.970> are<00:08:46.060> connected<00:08:46.570> to<00:08:46.750> most<00:08:47.380> of<00:08:47.500> the<00:08:47.590> major 00:08:47.790 --> 00:08:47.800 align:start position:0% we are connected to most of the major 00:08:47.800 --> 00:08:50.520 align:start position:0% we are connected to most of the major bullets<00:08:48.250> in<00:08:48.490> the<00:08:48.610> space<00:08:48.910> already<00:08:49.530> including 00:08:50.520 --> 00:08:50.530 align:start position:0% bullets in the space already including 00:08:50.530 --> 00:08:53.190 align:start position:0% bullets in the space already including you<00:08:51.430> know<00:08:51.520> my<00:08:51.670> toe<00:08:51.730> wallet<00:08:52.210> I'm<00:08:52.720> talkin 00:08:53.190 --> 00:08:53.200 align:start position:0% you know my toe wallet I'm talkin 00:08:53.200 --> 00:08:58.710 align:start position:0% you know my toe wallet I'm talkin penguins<00:08:53.860> here<00:08:54.190> and<00:08:55.890> em<00:08:56.940> gene<00:08:57.940> and<00:08:58.240> code<00:08:58.570> base 00:08:58.710 --> 00:08:58.720 align:start position:0% penguins here and em gene and code base 00:08:58.720 --> 00:09:00.170 align:start position:0% penguins here and em gene and code base bullet 00:09:00.170 --> 00:09:00.180 align:start position:0% bullet 00:09:00.180 --> 00:09:02.449 align:start position:0% bullet and<00:09:00.389> it's<00:09:00.570> you<00:09:00.810> know<00:09:00.839> totally<00:09:01.529> open<00:09:02.279> and 00:09:02.449 --> 00:09:02.459 align:start position:0% and it's you know totally open and 00:09:02.459 --> 00:09:04.519 align:start position:0% and it's you know totally open and permissionless<00:09:03.029> to<00:09:03.480> integrate<00:09:04.139> with<00:09:04.290> khyber 00:09:04.519 --> 00:09:04.529 align:start position:0% permissionless to integrate with khyber 00:09:04.529 --> 00:09:07.100 align:start position:0% permissionless to integrate with khyber you<00:09:04.920> just<00:09:05.130> go<00:09:05.279> to<00:09:05.600> you<00:09:06.600> know<00:09:06.690> developer 00:09:07.100 --> 00:09:07.110 align:start position:0% you just go to you know developer 00:09:07.110 --> 00:09:09.800 align:start position:0% you just go to you know developer keyboard<00:09:07.709> our<00:09:07.769> network<00:09:08.550> to<00:09:08.790> see<00:09:09.329> their<00:09:09.510> api 00:09:09.800 --> 00:09:09.810 align:start position:0% keyboard our network to see their api 00:09:09.810 --> 00:09:11.840 align:start position:0% keyboard our network to see their api and<00:09:10.620> you<00:09:10.800> can<00:09:10.980> just<00:09:11.160> like<00:09:11.310> integrate<00:09:11.699> with 00:09:11.840 --> 00:09:11.850 align:start position:0% and you can just like integrate with 00:09:11.850 --> 00:09:17.259 align:start position:0% and you can just like integrate with khyber<00:09:12.060> I<00:09:12.540> guess<00:09:13.290> in<00:09:13.740> a<00:09:13.829> couple<00:09:13.860> of<00:09:14.130> hours<00:09:16.220> I 00:09:17.259 --> 00:09:17.269 align:start position:0% khyber I guess in a couple of hours I 00:09:17.269 --> 00:09:19.970 align:start position:0% khyber I guess in a couple of hours I just<00:09:18.269> want<00:09:18.449> to<00:09:18.540> share<00:09:18.959> a<00:09:19.019> cup<00:09:19.320> of<00:09:19.500> like<00:09:19.740> you 00:09:19.970 --> 00:09:19.980 align:start position:0% just want to share a cup of like you 00:09:19.980 --> 00:09:22.310 align:start position:0% just want to share a cup of like you know<00:09:20.010> spotlight<00:09:20.519> integration<00:09:21.139> there<00:09:22.139> have 00:09:22.310 --> 00:09:22.320 align:start position:0% know spotlight integration there have 00:09:22.320 --> 00:09:24.530 align:start position:0% know spotlight integration there have been<00:09:22.500> using<00:09:22.709> Khyber<00:09:23.100> so<00:09:24.089> that<00:09:24.240> you<00:09:24.360> can 00:09:24.530 --> 00:09:24.540 align:start position:0% been using Khyber so that you can 00:09:24.540 --> 00:09:26.569 align:start position:0% been using Khyber so that you can understand<00:09:24.990> you<00:09:25.260> know<00:09:25.380> what<00:09:25.889> they<00:09:26.040> use<00:09:26.220> Kaiba 00:09:26.569 --> 00:09:26.579 align:start position:0% understand you know what they use Kaiba 00:09:26.579 --> 00:09:28.129 align:start position:0% understand you know what they use Kaiba for<00:09:26.850> right 00:09:28.129 --> 00:09:28.139 align:start position:0% for right 00:09:28.139 --> 00:09:32.170 align:start position:0% for right the<00:09:28.440> first<00:09:28.680> one<00:09:28.829> is<00:09:29.010> the<00:09:29.540> in-house<00:09:30.620> n<00:09:31.620> users 00:09:32.170 --> 00:09:32.180 align:start position:0% the first one is the in-house n users 00:09:32.180 --> 00:09:34.460 align:start position:0% the first one is the in-house n users decentralized<00:09:33.180> chains<00:09:33.420> we<00:09:33.870> call<00:09:34.079> it<00:09:34.170> Kaiba 00:09:34.460 --> 00:09:34.470 align:start position:0% decentralized chains we call it Kaiba 00:09:34.470 --> 00:09:37.310 align:start position:0% decentralized chains we call it Kaiba swap<00:09:34.850> and<00:09:35.850> the<00:09:35.970> main<00:09:36.180> the<00:09:36.690> main<00:09:36.720> advantage 00:09:37.310 --> 00:09:37.320 align:start position:0% swap and the main the main advantage 00:09:37.320 --> 00:09:40.819 align:start position:0% swap and the main the main advantage subscriber<00:09:37.649> swap<00:09:37.980> is<00:09:38.160> a<00:09:38.810> you<00:09:39.810> know<00:09:39.930> it<00:09:40.170> it<00:09:40.500> it 00:09:40.819 --> 00:09:40.829 align:start position:0% subscriber swap is a you know it it it 00:09:40.829 --> 00:09:42.769 align:start position:0% subscriber swap is a you know it it it optimized<00:09:41.490> for<00:09:41.730> the<00:09:41.880> you<00:09:42.510> know<00:09:42.600> user 00:09:42.769 --> 00:09:42.779 align:start position:0% optimized for the you know user 00:09:42.779 --> 00:09:44.960 align:start position:0% optimized for the you know user friendliness<00:09:43.260> right<00:09:43.889> we<00:09:44.399> have<00:09:44.550> many<00:09:44.760> features 00:09:44.960 --> 00:09:44.970 align:start position:0% friendliness right we have many features 00:09:44.970 --> 00:09:47.120 align:start position:0% friendliness right we have many features that<00:09:45.389> make<00:09:45.839> it<00:09:45.870> super<00:09:46.350> easy<00:09:46.470> for<00:09:46.680> the<00:09:46.980> end 00:09:47.120 --> 00:09:47.130 align:start position:0% that make it super easy for the end 00:09:47.130 --> 00:09:48.800 align:start position:0% that make it super easy for the end users<00:09:47.370> to<00:09:47.420> start<00:09:48.420> you<00:09:48.660> know<00:09:48.779> doing 00:09:48.800 --> 00:09:48.810 align:start position:0% users to start you know doing 00:09:48.810 --> 00:09:52.699 align:start position:0% users to start you know doing decentralized<00:09:49.709> shredding<00:09:51.290> some<00:09:52.290> of<00:09:52.440> them<00:09:52.589> are 00:09:52.699 --> 00:09:52.709 align:start position:0% decentralized shredding some of them are 00:09:52.709 --> 00:09:54.379 align:start position:0% decentralized shredding some of them are like<00:09:52.860> you<00:09:52.949> know<00:09:53.070> non-custodial<00:09:53.519> limit<00:09:54.120> orders 00:09:54.379 --> 00:09:54.389 align:start position:0% like you know non-custodial limit orders 00:09:54.389 --> 00:09:56.750 align:start position:0% like you know non-custodial limit orders that<00:09:55.170> allow<00:09:55.440> them<00:09:55.620> to<00:09:55.709> create<00:09:56.040> limit<00:09:56.430> orders 00:09:56.750 --> 00:09:56.760 align:start position:0% that allow them to create limit orders 00:09:56.760 --> 00:10:00.860 align:start position:0% that allow them to create limit orders even<00:09:57.170> you<00:09:58.170> know<00:09:58.290> even<00:09:59.209> when<00:10:00.209> there's<00:10:00.660> no 00:10:00.860 --> 00:10:00.870 align:start position:0% even you know even when there's no 00:10:00.870 --> 00:10:04.639 align:start position:0% even you know even when there's no custodial<00:10:01.820> involve<00:10:02.820> right<00:10:03.199> they<00:10:04.199> also<00:10:04.350> like 00:10:04.639 --> 00:10:04.649 align:start position:0% custodial involve right they also like 00:10:04.649 --> 00:10:08.750 align:start position:0% custodial involve right they also like price<00:10:04.889> alert<00:10:05.300> and<00:10:06.800> we<00:10:07.800> also<00:10:07.949> help<00:10:08.250> like<00:10:08.399> iOS 00:10:08.750 --> 00:10:08.760 align:start position:0% price alert and we also help like iOS 00:10:08.760 --> 00:10:10.639 align:start position:0% price alert and we also help like iOS and<00:10:09.089> Android<00:10:09.269> mobile<00:10:09.660> apps<00:10:09.990> so<00:10:10.230> that<00:10:10.380> the 00:10:10.639 --> 00:10:10.649 align:start position:0% and Android mobile apps so that the 00:10:10.649 --> 00:10:14.590 align:start position:0% and Android mobile apps so that the users<00:10:10.949> they<00:10:11.100> can<00:10:11.130> just<00:10:11.430> do<00:10:11.550> it<00:10:11.579> on<00:10:11.760> the<00:10:11.880> phone 00:10:14.590 --> 00:10:14.600 align:start position:0% 00:10:14.600 --> 00:10:18.439 align:start position:0% and<00:10:15.600> this<00:10:16.290> is<00:10:16.440> the<00:10:16.589> growth<00:10:16.769> of<00:10:16.829> khyber<00:10:17.449> up 00:10:18.439 --> 00:10:18.449 align:start position:0% and this is the growth of khyber up 00:10:18.449 --> 00:10:20.139 align:start position:0% and this is the growth of khyber up Cabaye<00:10:18.779> swap<00:10:19.050> in<00:10:19.260> terms<00:10:19.470> of<00:10:19.589> shape<00:10:19.769> volume 00:10:20.139 --> 00:10:20.149 align:start position:0% Cabaye swap in terms of shape volume 00:10:20.149 --> 00:10:22.400 align:start position:0% Cabaye swap in terms of shape volume this<00:10:21.149> is<00:10:21.209> just<00:10:21.510> like<00:10:21.690> part<00:10:21.959> of<00:10:22.019> the<00:10:22.170> khyber 00:10:22.400 --> 00:10:22.410 align:start position:0% this is just like part of the khyber 00:10:22.410 --> 00:10:24.579 align:start position:0% this is just like part of the khyber volume<00:10:22.860> because<00:10:23.639> we<00:10:23.670> have<00:10:23.940> many<00:10:24.240> other 00:10:24.579 --> 00:10:24.589 align:start position:0% volume because we have many other 00:10:24.589 --> 00:10:27.019 align:start position:0% volume because we have many other partners<00:10:25.589> that<00:10:25.800> introduced<00:10:26.399> volume<00:10:26.730> to<00:10:26.819> Kaiba 00:10:27.019 --> 00:10:27.029 align:start position:0% partners that introduced volume to Kaiba 00:10:27.029 --> 00:10:29.180 align:start position:0% partners that introduced volume to Kaiba as<00:10:27.209> well<00:10:27.420> but<00:10:28.110> we<00:10:28.290> could<00:10:28.440> see<00:10:28.620> that<00:10:28.800> you<00:10:29.100> know 00:10:29.180 --> 00:10:29.190 align:start position:0% as well but we could see that you know 00:10:29.190 --> 00:10:31.730 align:start position:0% as well but we could see that you know from<00:10:29.399> February<00:10:29.850> to<00:10:30.029> June<00:10:30.269> to<00:10:30.750> July<00:10:30.779> when<00:10:31.620> the 00:10:31.730 --> 00:10:31.740 align:start position:0% from February to June to July when the 00:10:31.740 --> 00:10:35.689 align:start position:0% from February to June to July when the market<00:10:32.040> was<00:10:32.250> you<00:10:32.550> know<00:10:32.639> go<00:10:32.819> was<00:10:34.130> booming<00:10:35.130> we 00:10:35.689 --> 00:10:35.699 align:start position:0% market was you know go was booming we 00:10:35.699 --> 00:10:37.670 align:start position:0% market was you know go was booming we saw<00:10:36.240> a<00:10:36.269> lot<00:10:36.449> of<00:10:36.480> you<00:10:36.810> know<00:10:36.839> generation<00:10:37.470> and 00:10:37.670 --> 00:10:37.680 align:start position:0% saw a lot of you know generation and 00:10:37.680 --> 00:10:39.860 align:start position:0% saw a lot of you know generation and volume<00:10:38.010> from<00:10:38.220> car<00:10:38.519> swap<00:10:38.819> but<00:10:39.480> in<00:10:39.600> the<00:10:39.690> last 00:10:39.860 --> 00:10:39.870 align:start position:0% volume from car swap but in the last 00:10:39.870 --> 00:10:42.290 align:start position:0% volume from car swap but in the last couple<00:10:40.050> of<00:10:40.170> months<00:10:40.500> when<00:10:40.949> is<00:10:41.160> when<00:10:41.819> is<00:10:41.910> crudo 00:10:42.290 --> 00:10:42.300 align:start position:0% couple of months when is when is crudo 00:10:42.300 --> 00:10:47.750 align:start position:0% couple of months when is when is crudo we<00:10:43.079> see<00:10:43.620> a<00:10:43.649> doubt<00:10:44.130> trend<00:10:45.649> but<00:10:46.649> in<00:10:47.190> the<00:10:47.339> last<00:10:47.519> six 00:10:47.750 --> 00:10:47.760 align:start position:0% we see a doubt trend but in the last six 00:10:47.760 --> 00:10:50.689 align:start position:0% we see a doubt trend but in the last six months<00:10:47.819> we<00:10:48.680> uncover<00:10:49.680> swap<00:10:50.010> we<00:10:50.220> have<00:10:50.399> around 00:10:50.689 --> 00:10:50.699 align:start position:0% months we uncover swap we have around 00:10:50.699 --> 00:10:53.420 align:start position:0% months we uncover swap we have around like<00:10:50.850> ten<00:10:51.060> thousand<00:10:51.569> new<00:10:51.600> users<00:10:52.230> and<00:10:53.130> a<00:10:53.250> lot<00:10:53.399> of 00:10:53.420 --> 00:10:53.430 align:start position:0% like ten thousand new users and a lot of 00:10:53.430 --> 00:10:56.809 align:start position:0% like ten thousand new users and a lot of them<00:10:53.670> coming<00:10:54.060> from<00:10:54.360> other<00:10:55.160> users<00:10:56.160> marketing 00:10:56.809 --> 00:10:56.819 align:start position:0% them coming from other users marketing 00:10:56.819 --> 00:10:59.329 align:start position:0% them coming from other users marketing that<00:10:57.029> caboose<00:10:57.720> were<00:10:57.870> targeted<00:10:58.649> at<00:10:58.800> conference 00:10:59.329 --> 00:10:59.339 align:start position:0% that caboose were targeted at conference 00:10:59.339 --> 00:11:02.059 align:start position:0% that caboose were targeted at conference at<00:10:59.610> events<00:11:00.180> and<00:11:00.930> one<00:11:01.350> of<00:11:01.470> the<00:11:01.529> activities<00:11:02.040> that 00:11:02.059 --> 00:11:02.069 align:start position:0% at events and one of the activities that 00:11:02.069 --> 00:11:04.309 align:start position:0% at events and one of the activities that cap<00:11:02.490> that<00:11:02.850> cover<00:11:03.060> swap<00:11:03.329> team<00:11:03.630> did<00:11:03.870> is<00:11:04.079> that 00:11:04.309 --> 00:11:04.319 align:start position:0% cap that cover swap team did is that 00:11:04.319 --> 00:11:06.379 align:start position:0% cap that cover swap team did is that this<00:11:04.800> is<00:11:04.949> you<00:11:05.160> know<00:11:05.190> distributor<00:11:05.880> the<00:11:06.180> end 00:11:06.379 --> 00:11:06.389 align:start position:0% this is you know distributor the end 00:11:06.389 --> 00:11:10.340 align:start position:0% this is you know distributor the end user<00:11:06.660> gift<00:11:06.870> card<00:11:07.100> with<00:11:08.120> pre-loaded<00:11:09.120> eater<00:11:09.720> so 00:11:10.340 --> 00:11:10.350 align:start position:0% user gift card with pre-loaded eater so 00:11:10.350 --> 00:11:11.870 align:start position:0% user gift card with pre-loaded eater so that<00:11:10.500> the<00:11:10.649> users<00:11:10.920> they<00:11:11.069> can<00:11:11.250> just<00:11:11.399> start<00:11:11.610> using 00:11:11.870 --> 00:11:11.880 align:start position:0% that the users they can just start using 00:11:11.880 --> 00:11:12.900 align:start position:0% that the users they can just start using the 00:11:12.900 --> 00:11:12.910 align:start position:0% the 00:11:12.910 --> 00:11:14.820 align:start position:0% the turian<00:11:13.210> blockchain<00:11:13.690> without<00:11:14.080> you<00:11:14.560> know<00:11:14.680> the 00:11:14.820 --> 00:11:14.830 align:start position:0% turian blockchain without you know the 00:11:14.830 --> 00:11:17.550 align:start position:0% turian blockchain without you know the concern<00:11:15.190> of<00:11:15.220> like<00:11:15.580> acquiring<00:11:16.150> eater<00:11:16.450> or<00:11:16.930> you 00:11:17.550 --> 00:11:17.560 align:start position:0% concern of like acquiring eater or you 00:11:17.560 --> 00:11:20.340 align:start position:0% concern of like acquiring eater or you know<00:11:17.680> what<00:11:17.950> we<00:11:18.160> understanding<00:11:19.030> was<00:11:19.390> gas<00:11:20.020> and 00:11:20.340 --> 00:11:20.350 align:start position:0% know what we understanding was gas and 00:11:20.350 --> 00:11:23.100 align:start position:0% know what we understanding was gas and things<00:11:20.500> like<00:11:20.620> that 00:11:23.100 --> 00:11:23.110 align:start position:0% 00:11:23.110 --> 00:11:26.150 align:start position:0% another<00:11:23.590> one<00:11:23.770> is<00:11:23.920> set<00:11:24.130> protocol<00:11:24.610> and 00:11:26.150 --> 00:11:26.160 align:start position:0% another one is set protocol and 00:11:26.160 --> 00:11:28.320 align:start position:0% another one is set protocol and basically<00:11:27.160> what<00:11:27.430> they<00:11:27.610> do<00:11:27.670> is<00:11:27.880> they<00:11:28.180> allow 00:11:28.320 --> 00:11:28.330 align:start position:0% basically what they do is they allow 00:11:28.330 --> 00:11:31.350 align:start position:0% basically what they do is they allow people<00:11:28.630> to<00:11:29.340> manage<00:11:30.340> the<00:11:30.730> asset<00:11:31.090> in<00:11:31.240> a 00:11:31.350 --> 00:11:31.360 align:start position:0% people to manage the asset in a 00:11:31.360 --> 00:11:33.570 align:start position:0% people to manage the asset in a different<00:11:31.720> strategy<00:11:31.920> and<00:11:32.920> one<00:11:33.160> simple 00:11:33.570 --> 00:11:33.580 align:start position:0% different strategy and one simple 00:11:33.580 --> 00:11:35.330 align:start position:0% different strategy and one simple strategies<00:11:34.150> that<00:11:34.450> they<00:11:34.600> can<00:11:34.750> just<00:11:34.900> buy<00:11:35.170> in 00:11:35.330 --> 00:11:35.340 align:start position:0% strategies that they can just buy in 00:11:35.340 --> 00:11:38.670 align:start position:0% strategies that they can just buy in some<00:11:36.340> index<00:11:36.880> right<00:11:37.180> like<00:11:37.510> you<00:11:38.140> know<00:11:38.170> there's<00:11:38.620> a 00:11:38.670 --> 00:11:38.680 align:start position:0% some index right like you know there's a 00:11:38.680 --> 00:11:41.910 align:start position:0% some index right like you know there's a setup<00:11:39.390> basket<00:11:40.390> of<00:11:40.480> a<00:11:40.600> set<00:11:40.840> and<00:11:40.960> the<00:11:41.530> users<00:11:41.800> can 00:11:41.910 --> 00:11:41.920 align:start position:0% setup basket of a set and the users can 00:11:41.920 --> 00:11:44.520 align:start position:0% setup basket of a set and the users can do<00:11:42.040> send<00:11:42.280> either<00:11:42.460> and<00:11:42.960> services<00:11:43.960> help<00:11:44.410> them 00:11:44.520 --> 00:11:44.530 align:start position:0% do send either and services help them 00:11:44.530 --> 00:11:48.420 align:start position:0% do send either and services help them buy<00:11:44.710> a<00:11:44.740> basket<00:11:45.340> of<00:11:45.370> asset<00:11:46.830> including<00:11:47.830> you<00:11:48.340> know 00:11:48.420 --> 00:11:48.430 align:start position:0% buy a basket of asset including you know 00:11:48.430 --> 00:11:51.210 align:start position:0% buy a basket of asset including you know it<00:11:48.610> could<00:11:48.910> be<00:11:48.970> like<00:11:49.060> you<00:11:49.360> know<00:11:49.480> eat<00:11:49.750> die<00:11:50.620> or 00:11:51.210 --> 00:11:51.220 align:start position:0% it could be like you know eat die or 00:11:51.220 --> 00:11:55.320 align:start position:0% it could be like you know eat die or wEDC<00:11:51.910> and<00:11:52.210> you<00:11:52.600> name<00:11:52.780> it<00:11:52.960> right<00:11:53.080> and<00:11:54.030> set<00:11:55.030> use 00:11:55.320 --> 00:11:55.330 align:start position:0% wEDC and you name it right and set use 00:11:55.330 --> 00:11:58.260 align:start position:0% wEDC and you name it right and set use khyber<00:11:55.840> in<00:11:56.470> background<00:11:56.920> when<00:11:57.310> the<00:11:57.730> users<00:11:58.060> and 00:11:58.260 --> 00:11:58.270 align:start position:0% khyber in background when the users and 00:11:58.270 --> 00:12:00.630 align:start position:0% khyber in background when the users and you<00:11:58.450> do<00:11:58.660> that<00:11:58.870> conversion<00:11:59.080> and<00:11:59.650> everything<00:12:00.490> is 00:12:00.630 --> 00:12:00.640 align:start position:0% you do that conversion and everything is 00:12:00.640 --> 00:12:03.540 align:start position:0% you do that conversion and everything is fully<00:12:01.000> on<00:12:01.210> chin<00:12:01.450> the<00:12:02.020> users<00:12:02.290> can<00:12:02.470> also<00:12:02.530> see<00:12:03.250> all 00:12:03.540 --> 00:12:03.550 align:start position:0% fully on chin the users can also see all 00:12:03.550 --> 00:12:05.550 align:start position:0% fully on chin the users can also see all the<00:12:03.730> generation<00:12:04.150> on<00:12:04.300> either<00:12:04.480> scan<00:12:04.810> or<00:12:05.020> any 00:12:05.550 --> 00:12:05.560 align:start position:0% the generation on either scan or any 00:12:05.560 --> 00:12:10.830 align:start position:0% the generation on either scan or any Explorer<00:12:06.190> right<00:12:08.730> another<00:12:09.730> one<00:12:10.030> that<00:12:10.330> is<00:12:10.390> super 00:12:10.830 --> 00:12:10.840 align:start position:0% Explorer right another one that is super 00:12:10.840 --> 00:12:12.930 align:start position:0% Explorer right another one that is super interesting<00:12:11.260> is<00:12:11.410> Newell<00:12:11.770> they<00:12:12.490> allow<00:12:12.730> people 00:12:12.930 --> 00:12:12.940 align:start position:0% interesting is Newell they allow people 00:12:12.940 --> 00:12:15.870 align:start position:0% interesting is Newell they allow people to<00:12:13.110> you<00:12:14.110> know<00:12:14.140> borrow<00:12:14.470> and<00:12:14.830> lend<00:12:14.880> crypto 00:12:15.870 --> 00:12:15.880 align:start position:0% to you know borrow and lend crypto 00:12:15.880 --> 00:12:19.770 align:start position:0% to you know borrow and lend crypto transversely<00:12:17.340> so<00:12:18.340> they<00:12:18.520> basically<00:12:19.240> you<00:12:19.690> know 00:12:19.770 --> 00:12:19.780 align:start position:0% transversely so they basically you know 00:12:19.780 --> 00:12:21.510 align:start position:0% transversely so they basically you know if<00:12:20.050> you<00:12:20.230> have<00:12:20.440> eater<00:12:20.680> and<00:12:20.980> you<00:12:21.100> want<00:12:21.280> to<00:12:21.370> borrow 00:12:21.510 --> 00:12:21.520 align:start position:0% if you have eater and you want to borrow 00:12:21.520 --> 00:12:23.370 align:start position:0% if you have eater and you want to borrow die<00:12:21.760> right<00:12:22.060> uses<00:12:22.360> collateralized<00:12:22.990> your<00:12:23.230> eat 00:12:23.370 --> 00:12:23.380 align:start position:0% die right uses collateralized your eat 00:12:23.380 --> 00:12:27.030 align:start position:0% die right uses collateralized your eat and<00:12:23.970> when<00:12:24.970> the<00:12:25.660> price<00:12:25.870> of<00:12:26.080> it<00:12:26.230> you<00:12:26.800> know<00:12:26.890> goes 00:12:27.030 --> 00:12:27.040 align:start position:0% and when the price of it you know goes 00:12:27.040 --> 00:12:30.180 align:start position:0% and when the price of it you know goes down<00:12:27.310> which<00:12:27.610> is<00:12:27.760> unfortunate<00:12:28.980> Newell<00:12:29.980> was 00:12:30.180 --> 00:12:30.190 align:start position:0% down which is unfortunate Newell was 00:12:30.190 --> 00:12:32.670 align:start position:0% down which is unfortunate Newell was just<00:12:30.370> liquidate<00:12:30.850> and<00:12:31.150> users<00:12:32.020> position<00:12:32.500> on 00:12:32.670 --> 00:12:32.680 align:start position:0% just liquidate and users position on 00:12:32.680 --> 00:12:35.130 align:start position:0% just liquidate and users position on Khyber<00:12:33.070> and<00:12:33.430> everything<00:12:34.180> is<00:12:34.360> done<00:12:34.600> we<00:12:34.960> are<00:12:34.990> the 00:12:35.130 --> 00:12:35.140 align:start position:0% Khyber and everything is done we are the 00:12:35.140 --> 00:12:37.350 align:start position:0% Khyber and everything is done we are the smart<00:12:35.410> contract<00:12:35.770> and<00:12:36.640> the<00:12:36.760> users<00:12:37.030> can<00:12:37.210> also 00:12:37.350 --> 00:12:37.360 align:start position:0% smart contract and the users can also 00:12:37.360 --> 00:12:40.890 align:start position:0% smart contract and the users can also verify<00:12:37.690> the<00:12:37.930> the<00:12:38.620> activities<00:12:39.160> so<00:12:40.120> in<00:12:40.600> case 00:12:40.890 --> 00:12:40.900 align:start position:0% verify the the activities so in case 00:12:40.900 --> 00:12:43.110 align:start position:0% verify the the activities so in case there's<00:12:41.200> dispute<00:12:41.680> they<00:12:42.100> can<00:12:42.280> verify<00:12:42.610> it<00:12:42.820> they 00:12:43.110 --> 00:12:43.120 align:start position:0% there's dispute they can verify it they 00:12:43.120 --> 00:12:46.470 align:start position:0% there's dispute they can verify it they can<00:12:43.330> check<00:12:43.600> it<00:12:43.780> and<00:12:44.280> it<00:12:45.280> can<00:12:45.610> be<00:12:45.640> it<00:12:46.210> can<00:12:46.240> be 00:12:46.470 --> 00:12:46.480 align:start position:0% can check it and it can be it can be 00:12:46.480 --> 00:12:54.270 align:start position:0% can check it and it can be it can be used<00:12:46.690> as<00:12:46.900> a<00:12:46.930> proof<00:12:50.400> right<00:12:51.400> so<00:12:52.270> that<00:12:53.230> is<00:12:53.560> on<00:12:53.950> the 00:12:54.270 --> 00:12:54.280 align:start position:0% used as a proof right so that is on the 00:12:54.280 --> 00:12:57.420 align:start position:0% used as a proof right so that is on the technical<00:12:54.910> side<00:12:55.020> let's<00:12:56.020> see<00:12:56.170> how<00:12:56.350> how<00:12:57.190> we<00:12:57.250> are 00:12:57.420 --> 00:12:57.430 align:start position:0% technical side let's see how how we are 00:12:57.430 --> 00:12:59.070 align:start position:0% technical side let's see how how we are doing<00:12:57.610> on<00:12:57.730> the<00:12:57.850> reserve<00:12:58.180> side<00:12:58.390> or<00:12:58.600> on<00:12:58.960> the 00:12:59.070 --> 00:12:59.080 align:start position:0% doing on the reserve side or on the 00:12:59.080 --> 00:13:04.350 align:start position:0% doing on the reserve side or on the liquidity<00:12:59.560> provider<00:13:00.070> side<00:13:00.340> right<00:13:02.640> so<00:13:03.640> here 00:13:04.350 --> 00:13:04.360 align:start position:0% liquidity provider side right so here 00:13:04.360 --> 00:13:06.150 align:start position:0% liquidity provider side right so here here's<00:13:04.900> the<00:13:05.080> list<00:13:05.260> of<00:13:05.410> like<00:13:05.590> top<00:13:05.860> ten 00:13:06.150 --> 00:13:06.160 align:start position:0% here's the list of like top ten 00:13:06.160 --> 00:13:11.430 align:start position:0% here's the list of like top ten liquidity<00:13:06.610> providers<00:13:07.120> on<00:13:07.330> khyber<00:13:08.160> so<00:13:10.440> so 00:13:11.430 --> 00:13:11.440 align:start position:0% liquidity providers on khyber so so 00:13:11.440 --> 00:13:14.030 align:start position:0% liquidity providers on khyber so so Kaiba<00:13:11.680> we<00:13:12.520> have<00:13:12.670> our<00:13:12.820> own<00:13:12.940> reserve<00:13:13.330> as<00:13:13.480> well 00:13:14.030 --> 00:13:14.040 align:start position:0% Kaiba we have our own reserve as well 00:13:14.040 --> 00:13:16.650 align:start position:0% Kaiba we have our own reserve as well but<00:13:15.040> at<00:13:15.520> the<00:13:15.670> same<00:13:15.820> time<00:13:16.000> we<00:13:16.180> also<00:13:16.300> like<00:13:16.540> work 00:13:16.650 --> 00:13:16.660 align:start position:0% but at the same time we also like work 00:13:16.660 --> 00:13:20.010 align:start position:0% but at the same time we also like work with<00:13:16.810> many<00:13:16.960> other<00:13:17.140> reserve<00:13:18.390> including<00:13:19.390> Oasis 00:13:20.010 --> 00:13:20.020 align:start position:0% with many other reserve including Oasis 00:13:20.020 --> 00:13:23.070 align:start position:0% with many other reserve including Oasis unit<00:13:20.950> swap<00:13:21.360> there<00:13:22.360> are<00:13:22.420> a<00:13:22.450> few<00:13:22.840> professional 00:13:23.070 --> 00:13:23.080 align:start position:0% unit swap there are a few professional 00:13:23.080 --> 00:13:25.350 align:start position:0% unit swap there are a few professional market<00:13:23.740> makers<00:13:24.040> like<00:13:24.310> there<00:13:24.790> guys<00:13:25.000> in<00:13:25.240> the 00:13:25.350 --> 00:13:25.360 align:start position:0% market makers like there guys in the 00:13:25.360 --> 00:13:26.680 align:start position:0% market makers like there guys in the third<00:13:25.540> position 00:13:26.680 --> 00:13:26.690 align:start position:0% third position 00:13:26.690 --> 00:13:28.890 align:start position:0% third position they<00:13:27.290> they<00:13:27.740> don't<00:13:28.160> want<00:13:28.310> to<00:13:28.400> share<00:13:28.580> their 00:13:28.890 --> 00:13:28.900 align:start position:0% they they don't want to share their 00:13:28.900 --> 00:13:35.380 align:start position:0% they they don't want to share their identity<00:13:31.780> yeah<00:13:32.780> and<00:13:33.190> and<00:13:34.190> we<00:13:35.120> have<00:13:35.270> like 00:13:35.380 --> 00:13:35.390 align:start position:0% identity yeah and and we have like 00:13:35.390 --> 00:13:36.700 align:start position:0% identity yeah and and we have like different<00:13:35.720> models<00:13:36.020> for<00:13:36.200> people<00:13:36.530> to 00:13:36.700 --> 00:13:36.710 align:start position:0% different models for people to 00:13:36.710 --> 00:13:40.060 align:start position:0% different models for people to contribute<00:13:37.480> their<00:13:38.480> liquidity<00:13:39.070> including 00:13:40.060 --> 00:13:40.070 align:start position:0% contribute their liquidity including 00:13:40.070 --> 00:13:41.860 align:start position:0% contribute their liquidity including like<00:13:40.310> you<00:13:40.400> know<00:13:40.490> fat<00:13:40.670> price<00:13:40.910> Reserve<00:13:41.420> this<00:13:41.660> is 00:13:41.860 --> 00:13:41.870 align:start position:0% like you know fat price Reserve this is 00:13:41.870 --> 00:13:43.780 align:start position:0% like you know fat price Reserve this is mainly<00:13:42.170> used<00:13:42.440> by<00:13:42.680> the<00:13:42.740> professional<00:13:43.100> market 00:13:43.780 --> 00:13:43.790 align:start position:0% mainly used by the professional market 00:13:43.790 --> 00:13:46.330 align:start position:0% mainly used by the professional market maker<00:13:44.060> we<00:13:45.020> also<00:13:45.140> have<00:13:45.410> something<00:13:45.710> similar<00:13:46.010> to 00:13:46.330 --> 00:13:46.340 align:start position:0% maker we also have something similar to 00:13:46.340 --> 00:13:49.210 align:start position:0% maker we also have something similar to Jimmy<00:13:46.670> swab<00:13:46.910> that<00:13:47.450> we<00:13:47.570> call<00:13:47.980> automated<00:13:48.980> price 00:13:49.210 --> 00:13:49.220 align:start position:0% Jimmy swab that we call automated price 00:13:49.220 --> 00:13:53.650 align:start position:0% Jimmy swab that we call automated price Reserve<00:13:49.900> and<00:13:51.700> of<00:13:52.700> course<00:13:52.970> there's<00:13:53.210> the<00:13:53.450> bridge 00:13:53.650 --> 00:13:53.660 align:start position:0% Reserve and of course there's the bridge 00:13:53.660 --> 00:13:58.540 align:start position:0% Reserve and of course there's the bridge to<00:13:54.050> uni<00:13:54.350> swap<00:13:54.590> and<00:13:54.770> our<00:13:54.830> C's<00:13:55.070> as<00:13:55.190> well<00:13:55.780> and<00:13:57.550> the 00:13:58.540 --> 00:13:58.550 align:start position:0% to uni swap and our C's as well and the 00:13:58.550 --> 00:14:00.700 align:start position:0% to uni swap and our C's as well and the torture<00:13:58.970> that<00:13:59.000> tokens<00:13:59.540> are<00:13:59.810> you<00:14:00.320> know<00:14:00.410> stable 00:14:00.700 --> 00:14:00.710 align:start position:0% torture that tokens are you know stable 00:14:00.710 --> 00:14:06.660 align:start position:0% torture that tokens are you know stable coins<00:14:01.160> of<00:14:01.400> course<00:14:01.700> you<00:14:02.480> know<00:14:02.600> died<00:14:03.400> us<00:14:04.400> DC<00:14:05.440> and 00:14:06.660 --> 00:14:06.670 align:start position:0% coins of course you know died us DC and 00:14:06.670 --> 00:14:11.890 align:start position:0% coins of course you know died us DC and eater<00:14:07.670> and<00:14:08.150> W<00:14:08.690> BTC<00:14:09.200> and<00:14:09.760> USD<00:14:10.760> T<00:14:10.880> as<00:14:10.970> well 00:14:11.890 --> 00:14:11.900 align:start position:0% eater and W BTC and USD T as well 00:14:11.900 --> 00:14:13.990 align:start position:0% eater and W BTC and USD T as well there<00:14:12.230> are<00:14:12.320> few<00:14:12.470> other<00:14:12.560> liquid<00:14:13.040> esc<00:14:13.400> 20<00:14:13.670> tokens 00:14:13.990 --> 00:14:14.000 align:start position:0% there are few other liquid esc 20 tokens 00:14:14.000 --> 00:14:18.550 align:start position:0% there are few other liquid esc 20 tokens like<00:14:14.450> micro<00:14:15.200> ohms<00:14:15.620> ago<00:14:16.070> and<00:14:16.540> and<00:14:17.540> km<00:14:17.960> c<00:14:18.200> and 00:14:18.550 --> 00:14:18.560 align:start position:0% like micro ohms ago and and km c and 00:14:18.560 --> 00:14:24.880 align:start position:0% like micro ohms ago and and km c and link<00:14:18.860> and<00:14:19.160> bad<00:14:19.640> as<00:14:19.820> well<00:14:22.330> so<00:14:23.650> one<00:14:24.650> of<00:14:24.680> the 00:14:24.880 --> 00:14:24.890 align:start position:0% link and bad as well so one of the 00:14:24.890 --> 00:14:27.220 align:start position:0% link and bad as well so one of the initiative<00:14:25.490> that<00:14:25.760> Khyber<00:14:26.420> has<00:14:26.690> been<00:14:26.900> actively 00:14:27.220 --> 00:14:27.230 align:start position:0% initiative that Khyber has been actively 00:14:27.230 --> 00:14:29.860 align:start position:0% initiative that Khyber has been actively working<00:14:27.530> on<00:14:27.770> is<00:14:28.010> you<00:14:28.640> know<00:14:28.670> coaching<00:14:29.210> right 00:14:29.860 --> 00:14:29.870 align:start position:0% working on is you know coaching right 00:14:29.870 --> 00:14:31.900 align:start position:0% working on is you know coaching right like<00:14:30.170> I'll<00:14:30.410> go<00:14:30.620> is<00:14:30.770> like<00:14:30.980> to<00:14:31.100> bring<00:14:31.310> more<00:14:31.850> and 00:14:31.900 --> 00:14:31.910 align:start position:0% like I'll go is like to bring more and 00:14:31.910 --> 00:14:33.490 align:start position:0% like I'll go is like to bring more and more<00:14:32.060> asset<00:14:32.510> from<00:14:32.780> different<00:14:33.110> blockchain 00:14:33.490 --> 00:14:33.500 align:start position:0% more asset from different blockchain 00:14:33.500 --> 00:14:36.730 align:start position:0% more asset from different blockchain like<00:14:34.010> bit<00:14:34.250> coy<00:14:34.460> and<00:14:34.850> and<00:14:35.150> gos<00:14:36.020> and<00:14:36.350> other 00:14:36.730 --> 00:14:36.740 align:start position:0% like bit coy and and gos and other 00:14:36.740 --> 00:14:39.400 align:start position:0% like bit coy and and gos and other blockchain<00:14:37.190> to<00:14:37.400> eat<00:14:37.580> or<00:14:37.730> iam<00:14:38.080> so<00:14:39.080> that<00:14:39.230> the 00:14:39.400 --> 00:14:39.410 align:start position:0% blockchain to eat or iam so that the 00:14:39.410 --> 00:14:41.680 align:start position:0% blockchain to eat or iam so that the users<00:14:39.740> on<00:14:39.980> interim<00:14:40.340> can<00:14:40.550> trade<00:14:40.790> them<00:14:41.000> can<00:14:41.510> use 00:14:41.680 --> 00:14:41.690 align:start position:0% users on interim can trade them can use 00:14:41.690 --> 00:14:46.420 align:start position:0% users on interim can trade them can use them<00:14:41.990> in<00:14:42.830> at<00:14:42.980> restless<00:14:43.370> and<00:14:43.610> freely<00:14:43.940> manner<00:14:45.430> so 00:14:46.420 --> 00:14:46.430 align:start position:0% them in at restless and freely manner so 00:14:46.430 --> 00:14:48.820 align:start position:0% them in at restless and freely manner so the<00:14:47.090> first<00:14:47.360> initiative<00:14:48.290> that<00:14:48.470> we<00:14:48.590> launched 00:14:48.820 --> 00:14:48.830 align:start position:0% the first initiative that we launched 00:14:48.830 --> 00:14:51.310 align:start position:0% the first initiative that we launched together<00:14:49.310> with<00:14:49.790> many<00:14:50.450> other<00:14:50.690> partners<00:14:50.990> I 00:14:51.310 --> 00:14:51.320 align:start position:0% together with many other partners I 00:14:51.320 --> 00:14:54.070 align:start position:0% together with many other partners I think<00:14:51.710> six<00:14:51.950> or<00:14:52.100> seven<00:14:52.370> months<00:14:52.640> ago<00:14:52.730> was<00:14:53.120> W<00:14:53.630> BTC 00:14:54.070 --> 00:14:54.080 align:start position:0% think six or seven months ago was W BTC 00:14:54.080 --> 00:14:56.530 align:start position:0% think six or seven months ago was W BTC and<00:14:54.230> the<00:14:54.860> idea<00:14:55.130> was<00:14:55.280> very<00:14:55.310> simple<00:14:55.640> right<00:14:56.300> with 00:14:56.530 --> 00:14:56.540 align:start position:0% and the idea was very simple right with 00:14:56.540 --> 00:15:00.030 align:start position:0% and the idea was very simple right with this<00:14:56.660> you<00:14:57.140> know<00:14:57.260> allow<00:14:57.590> people<00:14:57.800> to<00:14:58.060> create<00:14:59.060> a 00:15:00.030 --> 00:15:00.040 align:start position:0% this you know allow people to create a 00:15:00.040 --> 00:15:02.970 align:start position:0% this you know allow people to create a representative<00:15:01.040> a<00:15:01.340> bit<00:15:01.550> coy<00:15:01.730> auditorium 00:15:02.970 --> 00:15:02.980 align:start position:0% representative a bit coy auditorium 00:15:02.980 --> 00:15:07.170 align:start position:0% representative a bit coy auditorium which<00:15:03.980> is<00:15:04.130> in<00:15:04.340> a<00:15:04.430> form<00:15:04.640> of<00:15:04.820> ESC<00:15:05.180> 20<00:15:05.480> tokens<00:15:05.840> and 00:15:07.170 --> 00:15:07.180 align:start position:0% which is in a form of ESC 20 tokens and 00:15:07.180 --> 00:15:09.850 align:start position:0% which is in a form of ESC 20 tokens and the<00:15:08.180> main<00:15:08.330> question<00:15:08.660> is<00:15:08.750> you<00:15:09.020> know<00:15:09.050> who<00:15:09.320> will 00:15:09.850 --> 00:15:09.860 align:start position:0% the main question is you know who will 00:15:09.860 --> 00:15:12.370 align:start position:0% the main question is you know who will Kasturi<00:15:10.430> the<00:15:10.670> bitcoin<00:15:10.970> for<00:15:11.000> the<00:15:11.210> users<00:15:11.540> for 00:15:12.370 --> 00:15:12.380 align:start position:0% Kasturi the bitcoin for the users for 00:15:12.380 --> 00:15:15.550 align:start position:0% Kasturi the bitcoin for the users for simplicity<00:15:12.880> which<00:15:13.880> is<00:15:14.000> not<00:15:14.180> ideal<00:15:14.360> but<00:15:14.810> you 00:15:15.550 --> 00:15:15.560 align:start position:0% simplicity which is not ideal but you 00:15:15.560 --> 00:15:17.440 align:start position:0% simplicity which is not ideal but you know<00:15:15.860> it's<00:15:16.070> very<00:15:16.220> simple<00:15:16.430> and<00:15:16.730> very<00:15:16.820> easy<00:15:17.120> to 00:15:17.440 --> 00:15:17.450 align:start position:0% know it's very simple and very easy to 00:15:17.450 --> 00:15:19.300 align:start position:0% know it's very simple and very easy to understand<00:15:17.840> we<00:15:18.320> just<00:15:18.350> use<00:15:18.710> bit<00:15:19.010> go<00:15:19.160> as<00:15:19.280> a 00:15:19.300 --> 00:15:19.310 align:start position:0% understand we just use bit go as a 00:15:19.310 --> 00:15:22.720 align:start position:0% understand we just use bit go as a custody<00:15:19.990> so<00:15:20.990> the<00:15:21.260> users<00:15:21.560> deposit<00:15:22.310> bitcoin 00:15:22.720 --> 00:15:22.730 align:start position:0% custody so the users deposit bitcoin 00:15:22.730 --> 00:15:24.970 align:start position:0% custody so the users deposit bitcoin they<00:15:23.000> will<00:15:23.180> get<00:15:23.300> you<00:15:23.600> know<00:15:23.720> the<00:15:24.410> corresponding 00:15:24.970 --> 00:15:24.980 align:start position:0% they will get you know the corresponding 00:15:24.980 --> 00:15:31.060 align:start position:0% they will get you know the corresponding amount<00:15:25.070> of<00:15:25.840> ESC<00:15:26.840> 20<00:15:27.260> W<00:15:28.070> BTC<00:15:28.490> auditorium<00:15:29.210> and<00:15:30.140> if 00:15:31.060 --> 00:15:31.070 align:start position:0% amount of ESC 20 W BTC auditorium and if 00:15:31.070 --> 00:15:32.470 align:start position:0% amount of ESC 20 W BTC auditorium and if they<00:15:31.190> want<00:15:31.370> to<00:15:31.460> redeem<00:15:31.730> it<00:15:31.910> they<00:15:32.090> just<00:15:32.300> burn 00:15:32.470 --> 00:15:32.480 align:start position:0% they want to redeem it they just burn 00:15:32.480 --> 00:15:34.120 align:start position:0% they want to redeem it they just burn the<00:15:32.630> token<00:15:32.930> and<00:15:33.110> they<00:15:33.500> will<00:15:33.680> get<00:15:33.770> back<00:15:34.010> to 00:15:34.120 --> 00:15:34.130 align:start position:0% the token and they will get back to 00:15:34.130 --> 00:15:36.360 align:start position:0% the token and they will get back to Bitcoin<00:15:35.089> Bitcoin<00:15:35.540> blockchain 00:15:36.360 --> 00:15:36.370 align:start position:0% Bitcoin Bitcoin blockchain 00:15:36.370 --> 00:15:40.330 align:start position:0% Bitcoin Bitcoin blockchain this<00:15:37.370> is<00:15:37.600> very<00:15:38.600> widely<00:15:38.990> supported 00:15:40.330 --> 00:15:40.340 align:start position:0% this is very widely supported 00:15:40.340 --> 00:15:43.510 align:start position:0% this is very widely supported initiative<00:15:41.470> by<00:15:42.470> order<00:15:42.830> project<00:15:43.220> in<00:15:43.370> the 00:15:43.510 --> 00:15:43.520 align:start position:0% initiative by order project in the 00:15:43.520 --> 00:15:46.480 align:start position:0% initiative by order project in the ecosystem<00:15:44.440> and<00:15:45.440> you<00:15:46.040> know<00:15:46.130> feel<00:15:46.310> free<00:15:46.340> to 00:15:46.480 --> 00:15:46.490 align:start position:0% ecosystem and you know feel free to 00:15:46.490 --> 00:15:49.240 align:start position:0% ecosystem and you know feel free to integrate<00:15:47.180> WTC<00:15:47.990> in<00:15:48.200> your<00:15:48.500> project<00:15:49.100> in<00:15:49.220> your 00:15:49.240 --> 00:15:49.250 align:start position:0% integrate WTC in your project in your 00:15:49.250 --> 00:15:52.510 align:start position:0% integrate WTC in your project in your defi<00:15:49.610> project<00:15:50.060> now<00:15:51.020> it's<00:15:51.860> just<00:15:51.980> like<00:15:52.250> you<00:15:52.430> know 00:15:52.510 --> 00:15:52.520 align:start position:0% defi project now it's just like you know 00:15:52.520 --> 00:15:56.860 align:start position:0% defi project now it's just like you know adding<00:15:52.940> any<00:15:53.180> other<00:15:53.270> ESC<00:15:53.810> 20<00:15:54.110> token<00:15:55.870> another 00:15:56.860 --> 00:15:56.870 align:start position:0% adding any other ESC 20 token another 00:15:56.870 --> 00:15:59.470 align:start position:0% adding any other ESC 20 token another one<00:15:57.080> that<00:15:57.260> we<00:15:57.410> started<00:15:57.470> not<00:15:58.250> too<00:15:58.520> long<00:15:58.700> ago<00:15:58.760> was 00:15:59.470 --> 00:15:59.480 align:start position:0% one that we started not too long ago was 00:15:59.480 --> 00:16:02.880 align:start position:0% one that we started not too long ago was the<00:16:00.020> bridge<00:16:00.320> between<00:16:01.010> Yas<00:16:01.490> and<00:16:01.820> ytterbium 00:16:02.880 --> 00:16:02.890 align:start position:0% the bridge between Yas and ytterbium 00:16:02.890 --> 00:16:06.490 align:start position:0% the bridge between Yas and ytterbium basically<00:16:03.890> this<00:16:04.250> is<00:16:04.430> just<00:16:04.460> no<00:16:05.290> having<00:16:06.290> and 00:16:06.490 --> 00:16:06.500 align:start position:0% basically this is just no having and 00:16:06.500 --> 00:16:08.200 align:start position:0% basically this is just no having and this<00:16:06.830> is<00:16:06.950> gonna<00:16:07.040> be<00:16:07.160> a<00:16:07.190> transverse<00:16:07.610> bridge<00:16:07.910> and 00:16:08.200 --> 00:16:08.210 align:start position:0% this is gonna be a transverse bridge and 00:16:08.210 --> 00:16:11.710 align:start position:0% this is gonna be a transverse bridge and the<00:16:08.570> idea<00:16:08.839> here<00:16:09.050> is<00:16:09.080> that<00:16:09.140> like<00:16:09.470> we<00:16:09.620> could<00:16:10.720> we 00:16:11.710 --> 00:16:11.720 align:start position:0% the idea here is that like we could we 00:16:11.720 --> 00:16:13.540 align:start position:0% the idea here is that like we could we essentially<00:16:12.140> let<00:16:12.410> build<00:16:12.589> a<00:16:12.680> like<00:16:12.890> client<00:16:13.310> or 00:16:13.540 --> 00:16:13.550 align:start position:0% essentially let build a like client or 00:16:13.550 --> 00:16:17.530 align:start position:0% essentially let build a like client or of<00:16:14.450> Yas<00:16:14.990> auditorium<00:16:15.740> and<00:16:15.890> the<00:16:16.670> like<00:16:17.089> client<00:16:17.450> of 00:16:17.530 --> 00:16:17.540 align:start position:0% of Yas auditorium and the like client of 00:16:17.540 --> 00:16:19.930 align:start position:0% of Yas auditorium and the like client of idiom<00:16:17.900> on<00:16:18.020> yours<00:16:18.320> and<00:16:18.529> we<00:16:19.190> just<00:16:19.550> allow<00:16:19.910> people 00:16:19.930 --> 00:16:19.940 align:start position:0% idiom on yours and we just allow people 00:16:19.940 --> 00:16:23.800 align:start position:0% idiom on yours and we just allow people to<00:16:20.920> you<00:16:21.920> know<00:16:21.980> verify<00:16:22.520> the<00:16:22.580> generation<00:16:23.330> of<00:16:23.450> one 00:16:23.800 --> 00:16:23.810 align:start position:0% to you know verify the generation of one 00:16:23.810 --> 00:16:25.870 align:start position:0% to you know verify the generation of one blockchain<00:16:24.200> on<00:16:24.380> another<00:16:24.860> in<00:16:25.339> a<00:16:25.460> trust<00:16:25.670> west 00:16:25.870 --> 00:16:25.880 align:start position:0% blockchain on another in a trust west 00:16:25.880 --> 00:16:28.870 align:start position:0% blockchain on another in a trust west manner<00:16:26.089> the<00:16:27.020> detailed<00:16:27.380> this<00:16:27.650> you<00:16:28.310> can<00:16:28.490> you<00:16:28.730> can 00:16:28.870 --> 00:16:28.880 align:start position:0% manner the detailed this you can you can 00:16:28.880 --> 00:16:31.150 align:start position:0% manner the detailed this you can you can do<00:16:28.970> search<00:16:29.210> a<00:16:29.450> Waterloo<00:16:29.930> Bridge<00:16:30.170> you<00:16:31.070> know 00:16:31.150 --> 00:16:31.160 align:start position:0% do search a Waterloo Bridge you know 00:16:31.160 --> 00:16:33.220 align:start position:0% do search a Waterloo Bridge you know Stewie<00:16:31.610> theorem<00:16:32.000> and<00:16:32.300> you<00:16:32.690> will<00:16:32.810> find<00:16:33.080> the 00:16:33.220 --> 00:16:33.230 align:start position:0% Stewie theorem and you will find the 00:16:33.230 --> 00:16:36.640 align:start position:0% Stewie theorem and you will find the blog<00:16:33.440> post<00:16:33.620> that<00:16:33.970> our<00:16:34.970> developer<00:16:35.600> release<00:16:36.589> a 00:16:36.640 --> 00:16:36.650 align:start position:0% blog post that our developer release a 00:16:36.650 --> 00:16:39.100 align:start position:0% blog post that our developer release a couple<00:16:36.980> of<00:16:37.160> months<00:16:37.670> ago<00:16:37.760> and<00:16:38.510> you'll<00:16:38.690> find<00:16:38.960> all 00:16:39.100 --> 00:16:39.110 align:start position:0% couple of months ago and you'll find all 00:16:39.110 --> 00:16:44.980 align:start position:0% couple of months ago and you'll find all the<00:16:39.260> technical<00:16:39.680> details<00:16:42.490> yeah<00:16:43.520> so<00:16:43.990> final 00:16:44.980 --> 00:16:44.990 align:start position:0% the technical details yeah so final 00:16:44.990 --> 00:16:47.230 align:start position:0% the technical details yeah so final thought<00:16:45.170> I<00:16:45.500> hope<00:16:46.190> that<00:16:46.400> I<00:16:46.430> have<00:16:46.610> convinced<00:16:47.150> you 00:16:47.230 --> 00:16:47.240 align:start position:0% thought I hope that I have convinced you 00:16:47.240 --> 00:16:49.510 align:start position:0% thought I hope that I have convinced you that<00:16:47.360> decentralized<00:16:48.350> equity<00:16:48.740> is<00:16:48.890> important 00:16:49.510 --> 00:16:49.520 align:start position:0% that decentralized equity is important 00:16:49.520 --> 00:16:54.760 align:start position:0% that decentralized equity is important for<00:16:50.180> defy<00:16:50.930> and<00:16:51.940> and<00:16:53.140> you<00:16:54.140> know<00:16:54.260> they<00:16:54.440> are<00:16:54.500> still 00:16:54.760 --> 00:16:54.770 align:start position:0% for defy and and you know they are still 00:16:54.770 --> 00:16:57.640 align:start position:0% for defy and and you know they are still scatter<00:16:55.370> and<00:16:55.839> we<00:16:56.839> are<00:16:56.900> doing<00:16:57.080> your<00:16:57.170> best<00:16:57.230> in 00:16:57.640 --> 00:16:57.650 align:start position:0% scatter and we are doing your best in 00:16:57.650 --> 00:16:59.980 align:start position:0% scatter and we are doing your best in connecting<00:16:58.100> other<00:16:58.280> liquidy<00:16:58.820> sources<00:16:59.210> on 00:16:59.980 --> 00:16:59.990 align:start position:0% connecting other liquidy sources on 00:16:59.990 --> 00:17:02.320 align:start position:0% connecting other liquidy sources on ethereum<00:17:00.580> there's<00:17:01.580> still<00:17:01.760> a<00:17:01.790> lot<00:17:02.060> to<00:17:02.089> do 00:17:02.320 --> 00:17:02.330 align:start position:0% ethereum there's still a lot to do 00:17:02.330 --> 00:17:04.929 align:start position:0% ethereum there's still a lot to do especially<00:17:02.839> in<00:17:03.170> the<00:17:03.260> cross<00:17:03.500> chain<00:17:03.680> space<00:17:04.010> we 00:17:04.929 --> 00:17:04.939 align:start position:0% especially in the cross chain space we 00:17:04.939 --> 00:17:08.230 align:start position:0% especially in the cross chain space we need<00:17:05.089> to<00:17:05.300> have<00:17:05.569> a<00:17:05.900> better<00:17:06.290> mechanism<00:17:06.560> to<00:17:07.490> you 00:17:08.230 --> 00:17:08.240 align:start position:0% need to have a better mechanism to you 00:17:08.240 --> 00:17:13.870 align:start position:0% need to have a better mechanism to you know<00:17:08.360> to<00:17:09.110> bring<00:17:09.290> W<00:17:09.770> BTC<00:17:10.189> on<00:17:10.420> auditorium<00:17:12.880> but 00:17:13.870 --> 00:17:13.880 align:start position:0% know to bring W BTC on auditorium but 00:17:13.880 --> 00:17:16.689 align:start position:0% know to bring W BTC on auditorium but you<00:17:14.089> know<00:17:14.209> WBC<00:17:14.900> and<00:17:14.929> T<00:17:15.260> BTC<00:17:15.709> as<00:17:15.829> well<00:17:16.040> and<00:17:16.520> what 00:17:16.689 --> 00:17:16.699 align:start position:0% you know WBC and T BTC as well and what 00:17:16.699 --> 00:17:18.699 align:start position:0% you know WBC and T BTC as well and what Lou<00:17:16.880> a<00:17:17.060> good<00:17:17.209> start<00:17:17.510> we<00:17:18.110> can<00:17:18.260> improve<00:17:18.589> from 00:17:18.699 --> 00:17:18.709 align:start position:0% Lou a good start we can improve from 00:17:18.709 --> 00:17:21.579 align:start position:0% Lou a good start we can improve from there<00:17:18.920> and<00:17:19.720> yeah<00:17:20.720> we<00:17:20.900> look<00:17:21.050> forward<00:17:21.199> to<00:17:21.410> work 00:17:21.579 --> 00:17:21.589 align:start position:0% there and yeah we look forward to work 00:17:21.589 --> 00:17:29.280 align:start position:0% there and yeah we look forward to work with<00:17:21.620> everyone<00:17:22.100> on<00:17:22.280> this<00:17:22.400> and<00:17:22.640> thank<00:17:23.329> you 00:17:29.280 --> 00:17:29.290 align:start position:0% 00:17:29.290 --> 00:17:34.060 align:start position:0% is<00:17:30.290> there<00:17:30.470> any<00:17:30.560> Q&A<00:17:31.070> oh<00:17:32.290> okay<00:17:33.290> sure<00:17:33.560> have<00:17:33.890> two 00:17:34.060 --> 00:17:34.070 align:start position:0% is there any Q&A oh okay sure have two 00:17:34.070 --> 00:17:36.760 align:start position:0% is there any Q&A oh okay sure have two minutes<00:17:34.250> yeah<00:17:35.080> thank<00:17:36.080> you<00:17:36.140> so<00:17:36.350> much<00:17:36.530> for<00:17:36.710> a 00:17:36.760 --> 00:17:36.770 align:start position:0% minutes yeah thank you so much for a 00:17:36.770 --> 00:17:39.160 align:start position:0% minutes yeah thank you so much for a talk<00:17:37.010> I<00:17:37.220> have<00:17:37.520> two<00:17:37.760> questions<00:17:38.030> how<00:17:38.480> specific 00:17:39.160 --> 00:17:39.170 align:start position:0% talk I have two questions how specific 00:17:39.170 --> 00:17:42.010 align:start position:0% talk I have two questions how specific do<00:17:39.410> you<00:17:39.530> our<00:17:40.040> first<00:17:40.310> one<00:17:40.700> is<00:17:40.940> a<00:17:40.970> barrier<00:17:41.510> index 00:17:42.010 --> 00:17:42.020 align:start position:0% do you our first one is a barrier index 00:17:42.020 --> 00:17:45.190 align:start position:0% do you our first one is a barrier index fun<00:17:42.560> I<00:17:42.830> thought<00:17:43.640> like<00:17:43.760> rink<00:17:44.200> chain-link 00:17:45.190 --> 00:17:45.200 align:start position:0% fun I thought like rink chain-link 00:17:45.200 --> 00:17:50.200 align:start position:0% fun I thought like rink chain-link talking<00:17:45.710> is<00:17:47.050> 40%<00:17:48.050> consists<00:17:48.980> of<00:17:49.100> the<00:17:49.340> next<00:17:50.030> one 00:17:50.200 --> 00:17:50.210 align:start position:0% talking is 40% consists of the next one 00:17:50.210 --> 00:17:53.040 align:start position:0% talking is 40% consists of the next one I<00:17:50.360> was<00:17:50.570> wondering<00:17:50.930> why<00:17:51.170> it<00:17:51.440> was<00:17:51.620> chosen<00:17:51.860> I 00:17:53.040 --> 00:17:53.050 align:start position:0% I was wondering why it was chosen I 00:17:53.050 --> 00:17:56.650 align:start position:0% I was wondering why it was chosen I think<00:17:54.050> like<00:17:54.260> dye<00:17:54.500> and<00:17:54.740> WTC<00:17:55.730> kinda<00:17:56.150> makes<00:17:56.540> sense 00:17:56.650 --> 00:17:56.660 align:start position:0% think like dye and WTC kinda makes sense 00:17:56.660 --> 00:17:59.170 align:start position:0% think like dye and WTC kinda makes sense but<00:17:57.020> there<00:17:57.290> is<00:17:57.470> the<00:17:58.100> link<00:17:58.310> talking<00:17:58.850> was<00:17:58.970> not 00:17:59.170 --> 00:17:59.180 align:start position:0% but there is the link talking was not 00:17:59.180 --> 00:18:04.540 align:start position:0% but there is the link talking was not and<00:17:59.420> then<00:17:59.960> the<00:18:00.260> other<00:18:00.380> question<00:18:00.800> is<00:18:01.600> I<00:18:03.550> often 00:18:04.540 --> 00:18:04.550 align:start position:0% and then the other question is I often 00:18:04.550 --> 00:18:06.940 align:start position:0% and then the other question is I often hear<00:18:05.000> from<00:18:05.030> the<00:18:05.810> defy<00:18:06.290> community<00:18:06.710> that 00:18:06.940 --> 00:18:06.950 align:start position:0% hear from the defy community that 00:18:06.950 --> 00:18:11.140 align:start position:0% hear from the defy community that Khyber's<00:18:07.640> exchange<00:18:08.090> rate<00:18:08.300> is<00:18:09.760> it's<00:18:10.760> a<00:18:10.910> little 00:18:11.140 --> 00:18:11.150 align:start position:0% Khyber's exchange rate is it's a little 00:18:11.150 --> 00:18:14.320 align:start position:0% Khyber's exchange rate is it's a little bit<00:18:11.240> expensive<00:18:12.190> their<00:18:13.190> exchange<00:18:13.850> rate<00:18:14.000> is<00:18:14.180> not 00:18:14.320 --> 00:18:14.330 align:start position:0% bit expensive their exchange rate is not 00:18:14.330 --> 00:18:16.690 align:start position:0% bit expensive their exchange rate is not you<00:18:14.630> know<00:18:14.720> really<00:18:15.350> good<00:18:15.680> compared<00:18:16.460> to<00:18:16.520> tech 00:18:16.690 --> 00:18:16.700 align:start position:0% you know really good compared to tech 00:18:16.700 --> 00:18:19.060 align:start position:0% you know really good compared to tech central<00:18:17.060> exchange<00:18:17.470> it's<00:18:18.470> probably<00:18:18.860> due<00:18:19.040> to 00:18:19.060 --> 00:18:19.070 align:start position:0% central exchange it's probably due to 00:18:19.070 --> 00:18:21.400 align:start position:0% central exchange it's probably due to you<00:18:19.550> know<00:18:19.580> on<00:18:20.210> chain<00:18:20.570> transaction<00:18:21.320> of 00:18:21.400 --> 00:18:21.410 align:start position:0% you know on chain transaction of 00:18:21.410 --> 00:18:24.520 align:start position:0% you know on chain transaction of everything<00:18:21.890> however<00:18:22.460> are<00:18:23.390> you<00:18:23.450> guys<00:18:23.840> going<00:18:24.380> to 00:18:24.520 --> 00:18:24.530 align:start position:0% everything however are you guys going to 00:18:24.530 --> 00:18:27.280 align:start position:0% everything however are you guys going to solve<00:18:24.800> this<00:18:25.040> issue<00:18:25.370> in<00:18:25.880> the<00:18:26.150> future<00:18:26.270> or<00:18:26.840> what 00:18:27.280 --> 00:18:27.290 align:start position:0% solve this issue in the future or what 00:18:27.290 --> 00:18:29.350 align:start position:0% solve this issue in the future or what are<00:18:27.410> you<00:18:27.500> walking<00:18:27.710> home<00:18:28.060> thank<00:18:29.060> you 00:18:29.350 --> 00:18:29.360 align:start position:0% are you walking home thank you 00:18:29.360 --> 00:18:30.940 align:start position:0% are you walking home thank you so<00:18:29.630> I<00:18:29.660> think<00:18:29.870> for<00:18:29.990> the<00:18:30.050> first<00:18:30.230> question<00:18:30.620> it<00:18:30.770> was 00:18:30.940 --> 00:18:30.950 align:start position:0% so I think for the first question it was 00:18:30.950 --> 00:18:34.030 align:start position:0% so I think for the first question it was just<00:18:31.160> like<00:18:31.340> you<00:18:31.580> know<00:18:31.610> out<00:18:32.420> of<00:18:32.480> nowhere<00:18:33.040> it's 00:18:34.030 --> 00:18:34.040 align:start position:0% just like you know out of nowhere it's 00:18:34.040 --> 00:18:38.170 align:start position:0% just like you know out of nowhere it's just<00:18:34.190> like<00:18:34.340> for<00:18:34.550> example<00:18:36.850> it's<00:18:37.850> just<00:18:38.060> for 00:18:38.170 --> 00:18:38.180 align:start position:0% just like for example it's just for 00:18:38.180 --> 00:18:43.390 align:start position:0% just like for example it's just for example<00:18:39.340> okay<00:18:40.340> right<00:18:40.700> and<00:18:41.950> for<00:18:42.950> the<00:18:42.980> second 00:18:43.390 --> 00:18:43.400 align:start position:0% example okay right and for the second 00:18:43.400 --> 00:18:46.390 align:start position:0% example okay right and for the second one<00:18:43.520> I<00:18:44.030> think<00:18:44.270> in<00:18:44.540> the<00:18:44.660> last<00:18:44.890> in<00:18:45.890> the<00:18:46.040> last<00:18:46.190> few 00:18:46.390 --> 00:18:46.400 align:start position:0% one I think in the last in the last few 00:18:46.400 --> 00:18:47.710 align:start position:0% one I think in the last in the last few months<00:18:46.580> we<00:18:46.850> have<00:18:46.880> been<00:18:46.970> working<00:18:47.240> with<00:18:47.480> a<00:18:47.510> lot 00:18:47.710 --> 00:18:47.720 align:start position:0% months we have been working with a lot 00:18:47.720 --> 00:18:50.380 align:start position:0% months we have been working with a lot of<00:18:47.750> professional<00:18:48.350> market<00:18:48.590> makers<00:18:48.890> to<00:18:49.760> work 00:18:50.380 --> 00:18:50.390 align:start position:0% of professional market makers to work 00:18:50.390 --> 00:18:52.030 align:start position:0% of professional market makers to work with<00:18:50.540> them<00:18:50.720> to<00:18:50.990> improve<00:18:51.080> the<00:18:51.410> rate<00:18:51.590> and<00:18:51.860> the 00:18:52.030 --> 00:18:52.040 align:start position:0% with them to improve the rate and the 00:18:52.040 --> 00:18:54.160 align:start position:0% with them to improve the rate and the liquidity<00:18:52.400> on<00:18:52.610> Kaiba<00:18:52.850> I<00:18:53.210> think<00:18:53.780> one<00:18:53.930> of<00:18:53.960> the 00:18:54.160 --> 00:18:54.170 align:start position:0% liquidity on Kaiba I think one of the 00:18:54.170 --> 00:18:56.620 align:start position:0% liquidity on Kaiba I think one of the one<00:18:54.590> of<00:18:54.620> the<00:18:54.740> challenge<00:18:55.610> is<00:18:55.790> that<00:18:55.820> updating 00:18:56.620 --> 00:18:56.630 align:start position:0% one of the challenge is that updating 00:18:56.630 --> 00:18:58.990 align:start position:0% one of the challenge is that updating the<00:18:56.750> price<00:18:56.960> on<00:18:57.260> chain<00:18:57.680> would<00:18:58.310> cost<00:18:58.550> you<00:18:58.760> some 00:18:58.990 --> 00:18:59.000 align:start position:0% the price on chain would cost you some 00:18:59.000 --> 00:19:01.900 align:start position:0% the price on chain would cost you some gas<00:18:59.480> right<00:18:59.780> and<00:19:00.170> and<00:19:00.920> a<00:19:01.040> lot<00:19:01.160> of<00:19:01.220> them<00:19:01.460> don't 00:19:01.900 --> 00:19:01.910 align:start position:0% gas right and and a lot of them don't 00:19:01.910 --> 00:19:03.730 align:start position:0% gas right and and a lot of them don't update<00:19:02.180> the<00:19:02.450> price<00:19:02.660> like<00:19:02.930> instantly<00:19:03.350> because 00:19:03.730 --> 00:19:03.740 align:start position:0% update the price like instantly because 00:19:03.740 --> 00:19:05.830 align:start position:0% update the price like instantly because they<00:19:03.890> just<00:19:03.950> cannot<00:19:04.370> once<00:19:05.360> you<00:19:05.540> send<00:19:05.720> a 00:19:05.830 --> 00:19:05.840 align:start position:0% they just cannot once you send a 00:19:05.840 --> 00:19:07.540 align:start position:0% they just cannot once you send a generation<00:19:06.260> to<00:19:06.350> update<00:19:06.620> the<00:19:06.740> price<00:19:06.980> you<00:19:07.460> have 00:19:07.540 --> 00:19:07.550 align:start position:0% generation to update the price you have 00:19:07.550 --> 00:19:09.550 align:start position:0% generation to update the price you have to<00:19:07.670> wait<00:19:07.820> for<00:19:08.090> like<00:19:08.210> you<00:19:08.420> know<00:19:08.540> 15<00:19:09.110> or<00:19:09.230> 20 00:19:09.550 --> 00:19:09.560 align:start position:0% to wait for like you know 15 or 20 00:19:09.560 --> 00:19:12.760 align:start position:0% to wait for like you know 15 or 20 seconds<00:19:10.330> so<00:19:11.330> they<00:19:11.540> have<00:19:11.690> like<00:19:11.840> to<00:19:11.990> to<00:19:12.500> have 00:19:12.760 --> 00:19:12.770 align:start position:0% seconds so they have like to to have 00:19:12.770 --> 00:19:18.070 align:start position:0% seconds so they have like to to have that<00:19:13.010> in<00:19:13.250> the<00:19:13.370> pricing<00:19:13.790> model<00:19:14.080> to<00:19:15.080> -<00:19:15.820> yeah<00:19:17.080> but 00:19:18.070 --> 00:19:18.080 align:start position:0% that in the pricing model to - yeah but 00:19:18.080 --> 00:19:19.780 align:start position:0% that in the pricing model to - yeah but I<00:19:18.110> think<00:19:18.350> currently<00:19:18.830> the<00:19:19.010> rate<00:19:19.190> for<00:19:19.460> stable 00:19:19.780 --> 00:19:19.790 align:start position:0% I think currently the rate for stable 00:19:19.790 --> 00:19:21.160 align:start position:0% I think currently the rate for stable quois<00:19:20.000> are<00:19:20.150> quite<00:19:20.360> good<00:19:20.510> and<00:19:20.750> they<00:19:20.840> are<00:19:20.930> quite 00:19:21.160 --> 00:19:21.170 align:start position:0% quois are quite good and they are quite 00:19:21.170 --> 00:19:23.080 align:start position:0% quois are quite good and they are quite competitive<00:19:21.560> I<00:19:22.070> think<00:19:22.610> this<00:19:22.700> is<00:19:22.910> as 00:19:23.080 --> 00:19:23.090 align:start position:0% competitive I think this is as 00:19:23.090 --> 00:19:25.450 align:start position:0% competitive I think this is as competitive<00:19:23.690> as<00:19:23.900> central<00:19:24.290> changes<00:19:24.650> I<00:19:24.800> think 00:19:25.450 --> 00:19:25.460 align:start position:0% competitive as central changes I think 00:19:25.460 --> 00:19:27.910 align:start position:0% competitive as central changes I think one<00:19:26.120> thing<00:19:26.390> that<00:19:26.420> is<00:19:26.840> different<00:19:27.200> in<00:19:27.560> cable 00:19:27.910 --> 00:19:27.920 align:start position:0% one thing that is different in cable 00:19:27.920 --> 00:19:30.610 align:start position:0% one thing that is different in cable prices<00:19:28.310> that<00:19:28.460> does<00:19:28.820> the<00:19:29.200> final<00:19:30.200> price<00:19:30.380> that 00:19:30.610 --> 00:19:30.620 align:start position:0% prices that does the final price that 00:19:30.620 --> 00:19:32.470 align:start position:0% prices that does the final price that the<00:19:30.740> user<00:19:30.950> will<00:19:31.280> get<00:19:31.430> there's<00:19:31.790> no<00:19:31.970> fees<00:19:32.210> after 00:19:32.470 --> 00:19:32.480 align:start position:0% the user will get there's no fees after 00:19:32.480 --> 00:19:35.890 align:start position:0% the user will get there's no fees after that<00:19:32.780> so<00:19:33.620> it's<00:19:33.800> the<00:19:33.980> post<00:19:34.280> fee<00:19:34.970> price<00:19:35.390> right 00:19:35.890 --> 00:19:35.900 align:start position:0% that so it's the post fee price right 00:19:35.900 --> 00:19:38.080 align:start position:0% that so it's the post fee price right but<00:19:36.590> the<00:19:36.710> price<00:19:36.920> on<00:19:37.130> central<00:19:37.550> changes<00:19:37.910> for 00:19:38.080 --> 00:19:38.090 align:start position:0% but the price on central changes for 00:19:38.090 --> 00:19:39.420 align:start position:0% but the price on central changes for example<00:19:38.480> they<00:19:38.720> are 00:19:39.420 --> 00:19:39.430 align:start position:0% example they are 00:19:39.430 --> 00:19:42.330 align:start position:0% example they are like<00:19:39.610> previous<00:19:39.790> price<00:19:40.830> so<00:19:41.830> that's<00:19:42.010> the<00:19:42.130> price 00:19:42.330 --> 00:19:42.340 align:start position:0% like previous price so that's the price 00:19:42.340 --> 00:19:45.000 align:start position:0% like previous price so that's the price you<00:19:42.580> get<00:19:42.730> and<00:19:42.970> then<00:19:43.090> you<00:19:43.600> know<00:19:43.930> that's<00:19:44.920> the 00:19:45.000 --> 00:19:45.010 align:start position:0% you get and then you know that's the 00:19:45.010 --> 00:19:48.960 align:start position:0% you get and then you know that's the amount<00:19:45.220> you<00:19:45.400> get<00:19:45.960> before<00:19:46.960> the<00:19:47.230> fees<00:19:47.440> so<00:19:48.430> after 00:19:48.960 --> 00:19:48.970 align:start position:0% amount you get before the fees so after 00:19:48.970 --> 00:19:50.520 align:start position:0% amount you get before the fees so after the<00:19:49.090> central<00:19:49.480> changes<00:19:49.780> they<00:19:49.930> deduct<00:19:50.230> the<00:19:50.320> fees 00:19:50.520 --> 00:19:50.530 align:start position:0% the central changes they deduct the fees 00:19:50.530 --> 00:19:54.630 align:start position:0% the central changes they deduct the fees you<00:19:50.860> may<00:19:50.920> get<00:19:51.220> you<00:19:51.700> know<00:19:51.820> less<00:19:52.680> yeah<00:19:53.680> okay 00:19:54.630 --> 00:19:54.640 align:start position:0% you may get you know less yeah okay 00:19:54.640 --> 00:20:00.360 align:start position:0% you may get you know less yeah okay thanks<00:19:57.000> hey<00:19:58.000> thanks<00:19:58.420> we'll<00:19:58.510> talk<00:19:58.780> so<00:19:59.770> Khyber 00:20:00.360 --> 00:20:00.370 align:start position:0% thanks hey thanks we'll talk so Khyber 00:20:00.370 --> 00:20:02.460 align:start position:0% thanks hey thanks we'll talk so Khyber and<00:20:00.670> Eunice<00:20:00.880> Bob<00:20:01.060> are<00:20:01.270> becoming<00:20:01.600> the<00:20:01.900> de<00:20:02.140> facto 00:20:02.460 --> 00:20:02.470 align:start position:0% and Eunice Bob are becoming the de facto 00:20:02.470 --> 00:20:05.370 align:start position:0% and Eunice Bob are becoming the de facto price<00:20:02.740> feeds<00:20:03.010> in<00:20:03.280> an<00:20:03.850> edifice<00:20:04.210> pace<00:20:04.480> one<00:20:05.200> thing 00:20:05.370 --> 00:20:05.380 align:start position:0% price feeds in an edifice pace one thing 00:20:05.380 --> 00:20:06.540 align:start position:0% price feeds in an edifice pace one thing I'm<00:20:05.470> concerned<00:20:05.680> about<00:20:05.980> and<00:20:06.250> would<00:20:06.310> like<00:20:06.520> to 00:20:06.540 --> 00:20:06.550 align:start position:0% I'm concerned about and would like to 00:20:06.550 --> 00:20:08.550 align:start position:0% I'm concerned about and would like to understand<00:20:07.120> what<00:20:07.330> you're<00:20:07.480> doing<00:20:07.720> is<00:20:07.900> things 00:20:08.550 --> 00:20:08.560 align:start position:0% understand what you're doing is things 00:20:08.560 --> 00:20:11.010 align:start position:0% understand what you're doing is things like<00:20:08.740> flash<00:20:09.100> brushes<00:20:09.490> so<00:20:09.760> if<00:20:09.850> I<00:20:09.940> want<00:20:10.120> to<00:20:10.180> lend 00:20:11.010 --> 00:20:11.020 align:start position:0% like flash brushes so if I want to lend 00:20:11.020 --> 00:20:13.920 align:start position:0% like flash brushes so if I want to lend some<00:20:11.740> amount<00:20:12.070> I'm<00:20:12.610> concerned<00:20:13.330> that<00:20:13.570> you<00:20:13.900> know 00:20:13.920 --> 00:20:13.930 align:start position:0% some amount I'm concerned that you know 00:20:13.930 --> 00:20:18.410 align:start position:0% some amount I'm concerned that you know due<00:20:14.170> to<00:20:14.430> thin<00:20:15.430> order<00:20:15.730> books<00:20:16.140> my<00:20:17.140> you<00:20:17.830> know 00:20:18.410 --> 00:20:18.420 align:start position:0% due to thin order books my you know 00:20:18.420 --> 00:20:20.580 align:start position:0% due to thin order books my you know position<00:20:19.420> might<00:20:19.570> get<00:20:19.750> liquidated<00:20:20.200> what<00:20:20.500> are 00:20:20.580 --> 00:20:20.590 align:start position:0% position might get liquidated what are 00:20:20.590 --> 00:20:21.870 align:start position:0% position might get liquidated what are your<00:20:20.710> thoughts<00:20:20.920> on<00:20:21.070> that<00:20:21.130> and<00:20:21.460> what<00:20:21.670> you<00:20:21.760> want 00:20:21.870 --> 00:20:21.880 align:start position:0% your thoughts on that and what you want 00:20:21.880 --> 00:20:24.210 align:start position:0% your thoughts on that and what you want to<00:20:21.940> do<00:20:22.060> to<00:20:22.270> prevent<00:20:22.660> these<00:20:22.840> things<00:20:23.070> thank<00:20:24.070> you 00:20:24.210 --> 00:20:24.220 align:start position:0% to do to prevent these things thank you 00:20:24.220 --> 00:20:26.910 align:start position:0% to do to prevent these things thank you I<00:20:24.400> think<00:20:25.000> for<00:20:25.150> example<00:20:25.240> on<00:20:25.690> I<00:20:26.260> think<00:20:26.740> that's 00:20:26.910 --> 00:20:26.920 align:start position:0% I think for example on I think that's 00:20:26.920 --> 00:20:28.980 align:start position:0% I think for example on I think that's that's<00:20:27.280> a<00:20:27.400> good<00:20:27.550> question<00:20:27.910> I<00:20:28.450> think<00:20:28.690> for 00:20:28.980 --> 00:20:28.990 align:start position:0% that's a good question I think for 00:20:28.990 --> 00:20:31.170 align:start position:0% that's a good question I think for example<00:20:29.080> on<00:20:29.410> khyber<00:20:29.710> if<00:20:30.070> if<00:20:30.640> you<00:20:30.790> wanted<00:20:31.060> to 00:20:31.170 --> 00:20:31.180 align:start position:0% example on khyber if if you wanted to 00:20:31.180 --> 00:20:33.630 align:start position:0% example on khyber if if you wanted to trade<00:20:31.420> a<00:20:31.450> very<00:20:31.900> large<00:20:32.110> amount<00:20:32.320> you<00:20:33.310> won't<00:20:33.520> be 00:20:33.630 --> 00:20:33.640 align:start position:0% trade a very large amount you won't be 00:20:33.640 --> 00:20:35.400 align:start position:0% trade a very large amount you won't be able<00:20:33.730> to<00:20:33.850> because<00:20:34.390> we<00:20:34.570> just<00:20:34.750> revert<00:20:35.200> the 00:20:35.400 --> 00:20:35.410 align:start position:0% able to because we just revert the 00:20:35.410 --> 00:20:37.860 align:start position:0% able to because we just revert the generation<00:20:35.920> but<00:20:36.610> on<00:20:36.790> unit<00:20:37.150> swap<00:20:37.390> because<00:20:37.540> the 00:20:37.860 --> 00:20:37.870 align:start position:0% generation but on unit swap because the 00:20:37.870 --> 00:20:41.160 align:start position:0% generation but on unit swap because the model<00:20:38.200> they<00:20:38.920> allowed<00:20:39.190> you<00:20:39.310> to<00:20:39.340> scale<00:20:39.730> to<00:20:40.170> I 00:20:41.160 --> 00:20:41.170 align:start position:0% model they allowed you to scale to I 00:20:41.170 --> 00:20:44.370 align:start position:0% model they allowed you to scale to I think<00:20:41.620> infinitely<00:20:42.190> right<00:20:42.670> so<00:20:43.120> if<00:20:43.240> you<00:20:44.080> wanted 00:20:44.370 --> 00:20:44.380 align:start position:0% think infinitely right so if you wanted 00:20:44.380 --> 00:20:45.930 align:start position:0% think infinitely right so if you wanted to<00:20:44.530> sell<00:20:44.740> like<00:20:44.950> one<00:20:45.250> thousand<00:20:45.580> eight<00:20:45.700> or<00:20:45.820> they 00:20:45.930 --> 00:20:45.940 align:start position:0% to sell like one thousand eight or they 00:20:45.940 --> 00:20:47.940 align:start position:0% to sell like one thousand eight or they could<00:20:46.090> also<00:20:46.210> allow<00:20:46.600> you<00:20:46.660> to<00:20:46.810> do<00:20:47.020> that<00:20:47.230> but 00:20:47.940 --> 00:20:47.950 align:start position:0% could also allow you to do that but 00:20:47.950 --> 00:20:50.820 align:start position:0% could also allow you to do that but there<00:20:48.100> but<00:20:48.580> the<00:20:48.730> price<00:20:48.910> is<00:20:49.120> right<00:20:49.750> bad<00:20:49.990> because 00:20:50.820 --> 00:20:50.830 align:start position:0% there but the price is right bad because 00:20:50.830 --> 00:20:53.040 align:start position:0% there but the price is right bad because there's<00:20:51.250> no<00:20:51.430> that's<00:20:51.820> not<00:20:51.970> enough<00:20:52.210> liquid 00:20:53.040 --> 00:20:53.050 align:start position:0% there's no that's not enough liquid 00:20:53.050 --> 00:20:56.100 align:start position:0% there's no that's not enough liquid inventory<00:20:53.800> there<00:20:54.240> so<00:20:55.240> on<00:20:55.390> Tiber<00:20:55.600> will<00:20:55.840> just<00:20:55.990> be 00:20:56.100 --> 00:20:56.110 align:start position:0% inventory there so on Tiber will just be 00:20:56.110 --> 00:20:57.780 align:start position:0% inventory there so on Tiber will just be serially<00:20:56.500> to<00:20:56.620> revert<00:20:56.950> the<00:20:56.980> generation<00:20:57.550> if 00:20:57.780 --> 00:20:57.790 align:start position:0% serially to revert the generation if 00:20:57.790 --> 00:21:02.130 align:start position:0% serially to revert the generation if there's<00:20:58.420> not<00:20:58.600> enough<00:20:58.660> liquidity<00:21:00.510> and<00:21:01.510> and<00:21:01.900> I 00:21:02.130 --> 00:21:02.140 align:start position:0% there's not enough liquidity and and I 00:21:02.140 --> 00:21:03.540 align:start position:0% there's not enough liquidity and and I think<00:21:02.350> the<00:21:02.410> only<00:21:02.530> way<00:21:02.740> to<00:21:02.800> address<00:21:02.950> that<00:21:03.160> is<00:21:03.370> to 00:21:03.540 --> 00:21:03.550 align:start position:0% think the only way to address that is to 00:21:03.550 --> 00:21:05.670 align:start position:0% think the only way to address that is to work<00:21:04.450> with<00:21:04.630> more<00:21:04.780> professional<00:21:05.410> market 00:21:05.670 --> 00:21:05.680 align:start position:0% work with more professional market 00:21:05.680 --> 00:21:08.970 align:start position:0% work with more professional market makers<00:21:05.980> to<00:21:06.670> bring<00:21:07.120> them<00:21:07.300> on<00:21:07.480> chain<00:21:07.720> and<00:21:08.020> to<00:21:08.290> to 00:21:08.970 --> 00:21:08.980 align:start position:0% makers to bring them on chain and to to 00:21:08.980 --> 00:21:11.370 align:start position:0% makers to bring them on chain and to to help<00:21:09.190> them<00:21:09.420> you<00:21:10.420> know<00:21:10.450> provide<00:21:10.990> more 00:21:11.370 --> 00:21:11.380 align:start position:0% help them you know provide more 00:21:11.380 --> 00:21:21.930 align:start position:0% help them you know provide more liquidity<00:21:12.040> for<00:21:12.280> the<00:21:12.400> defi<00:21:12.870> ecosystem<00:21:20.310> okay<00:21:21.310> if 00:21:21.930 --> 00:21:21.940 align:start position:0% liquidity for the defi ecosystem okay if 00:21:21.940 --> 00:21:24.240 align:start position:0% liquidity for the defi ecosystem okay if not<00:21:22.450> if<00:21:23.170> there's<00:21:23.410> no<00:21:23.470> other<00:21:23.680> question<00:21:24.070> I'm 00:21:24.240 --> 00:21:24.250 align:start position:0% not if there's no other question I'm 00:21:24.250 --> 00:21:33.450 align:start position:0% not if there's no other question I'm gonna<00:21:24.550> be<00:21:24.700> around<00:21:24.970> so<00:21:25.180> feel<00:21:25.390> free<00:21:25.420> to<00:21:25.540> us 00:21:33.450 --> 00:21:33.460 align:start position:0% 00:21:33.460 --> 00:21:35.520 align:start position:0% you