Latest / The Paul Barron Crypto Show / Robinhood Chain Launch on Ethereum Skyrockets!!🚀Steven Goldfelder INTERVIEW🔥Arbitrum

Transcript

Robinhood Chain Launch on Ethereum Skyrockets!!🚀Steven Goldfelder INTERVIEW🔥Arbitrum · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Robinhood is finally launched on chain and that means ethereum,
• 0:04
  Speaker 1: we are getting ready to see some things that could
• 0:06
  Speaker 1: start to change the ecosystem as a whole. Before you
• 0:10
  Speaker 1: get into it, I do want to thank our sponsor
• 0:11
  Speaker 1: and this is a special offer for you guys. Okx
• 0:16
  Speaker 1: is running an exclusive affiliate offer where you can earn
• 0:18
  Speaker 1: up to five hundred dollars in XRP rewards just by
• 0:21
  Speaker 1: hitting a few simple milestones. Step one, Tier one, you
• 0:25
  Speaker 1: can complete the KYC you get ten dollars in XRP.
• 0:29
  Speaker 1: If you go to step two, which is one hundred
• 0:31
  Speaker 1: dollars on a deposit, you get another forty. Then you
• 0:34
  Speaker 1: can bump that deposit and trade volume of just one
• 0:37
  Speaker 1: thousand dollars and you grab an additional one hundred dollars
• 0:41
  Speaker 1: in XRP. Best of all, for the heavy hitters out there,
• 0:45
  Speaker 1: if you deposit and trade ten grand, you can unlock
• 0:48
  Speaker 1: a massive three hundred and fifty dollars XRP reward. This
• 0:52
  Speaker 1: stacks onto all of this so boom, you get up
• 0:55
  Speaker 1: to five hundred dollars max earning and it's paid directly
• 0:58
  Speaker 1: out in XRP. So click the link down below you
• 1:02
  Speaker 1: guys are not want to get missed this one. It
• 1:04
  Speaker 1: is an awesome one.
• 1:05
  Speaker 2: Let's get into it today.
• 1:06
  Speaker 1: I want to go We're going to have a guest
• 1:08
  Speaker 1: for you guys that'll break this down and it's going
• 1:11
  Speaker 1: to get into some detail around what this might mean
• 1:13
  Speaker 1: for the market. I want to go over to a clip.
• 1:15
  Speaker 1: This will kind of recap some of the things that
• 1:17
  Speaker 1: they said.
• 1:18
  Speaker 2: Take a look.
• 1:19
  Speaker 3: You have my attention, gentlemen. Show me your progress. Yes,
• 1:25
  Speaker 3: of course.
• 1:26
  Speaker 4: So I'm happy to announce that we plan to finally
• 1:28
  Speaker 4: roll out crypto on the Robinhood UK app.
• 1:31
  Speaker 3: Not big enough in my book? What else do you have?
• 1:34
  Speaker 5: We partnered with off chain and launch a test net
• 1:37
  Speaker 5: on the albitrump stack. We're officially launching the chain today.
• 1:40
  Speaker 6: So introducing our new stock tokens.
• 1:43
  Speaker 3: My crew was frustrated that they were only in Europe
• 1:46
  Speaker 3: last year.
• 1:46
  Speaker 6: They're now available directly to use in the Robinhood wallets
• 1:49
  Speaker 6: in over one hundred and twenty countries.
• 1:52
  Speaker 5: I'm going to use USDG for this demo, about a
• 1:55
  Speaker 5: thousand dollars to buy the tokens. You're going to get
• 1:59
  Speaker 5: the quotes in real time, updated constantly, and once you're
• 2:02
  Speaker 5: satisfied with your order, you can confirm the purchase by
• 2:05
  Speaker 5: swiping again and you will be able to see your
• 2:08
  Speaker 5: balance changing right after. For the next ninety days, we'll
• 2:12
  Speaker 5: cover gas fees in the wallet for anyone transacting on
• 2:14
  Speaker 5: the robbin chain. That means your guess fees for swaps,
• 2:18
  Speaker 5: scrypto and stop talking of like and any bridge transaction
• 2:20
  Speaker 5: into the chain all on us.
• 2:23
  Speaker 1: We wanted to bring on Steven Goldfelder, who is the
• 2:26
  Speaker 1: CEO of off Chain, to kind of break some of
• 2:27
  Speaker 1: this down.
• 2:28
  Speaker 2: Steven, how are you.
• 2:29
  Speaker 4: I'm great, great to be here.
• 2:31
  Speaker 1: Yeah, excellent. So you saw some of the announcements out there.
• 2:34
  Speaker 1: Now you look at the growth within the last twenty
• 2:37
  Speaker 1: four you're already seeing the ecosystem TVL start to explode.
• 2:41
  Speaker 1: We'll most likely start to see a growth in overall wallets.
• 2:45
  Speaker 1: We'll see market cap move on the stable coin gust,
• 2:49
  Speaker 1: and I think just liquidity in general, as you can
• 2:51
  Speaker 1: see right here, transaction wise as still has really started
• 2:54
  Speaker 1: to accelerate.
• 2:56
  Speaker 2: When you look at.
• 2:58
  Speaker 1: What could be a meme coin season starting to brew
• 3:01
  Speaker 1: on robin hood. Was this an anticipation of everything you
• 3:06
  Speaker 1: were expecting or was there anything else that you think
• 3:09
  Speaker 1: is still yet to come.
• 3:10
  Speaker 4: Well, I think this is obviously quite literally day one,
• 3:14
  Speaker 4: and there will be a lot more that will come
• 3:15
  Speaker 4: on this network. But what excites me about this network
• 3:18
  Speaker 4: and what we're seeing is one of the largest and
• 3:21
  Speaker 4: most important financial institutions of the world, with a direct
• 3:24
  Speaker 4: line to retail twenty eight million retail customers, is going
• 3:28
  Speaker 4: not just like hey, this little blockchain experiment, but they're
• 3:32
  Speaker 4: going all in on chain. They're doubling down. We saw
• 3:34
  Speaker 4: this one year ago in June when they initially announced
• 3:37
  Speaker 4: that they're building on Arbitrum. But obviously they've been cooking
• 3:41
  Speaker 4: and we've been supporting them for the past year and
• 3:43
  Speaker 4: they have a really really well fully fleshed product suite
• 3:48
  Speaker 4: that they are launching and went live today. It's funny
• 3:51
  Speaker 4: you mentioned meme coins. What excites me actually is that
• 3:53
  Speaker 4: this is real finance right there. Of course, there may
• 3:55
  Speaker 4: be a mean point season here as well, we'll see,
• 3:57
  Speaker 4: but this is real finance. See stock tokens, Robin Hood's
• 4:01
  Speaker 4: bringing RWA's on chain, and mass. I think we're going
• 4:04
  Speaker 4: to see this as the really on chain hub, liquidity hub,
• 4:08
  Speaker 4: but also just the center of world assets coming on
• 4:13
  Speaker 4: Chaine and from there, we'll see them flowing I think
• 4:14
  Speaker 4: throughout the entire crypto ecosystem. But yes, there's definitely more
• 4:19
  Speaker 4: to come, for sure, but I think it's an extremely
• 4:21
  Speaker 4: strong start and the flavor of bringing finance on chain
• 4:25
  Speaker 4: is remarkable.
• 4:26
  Speaker 2: One thing that was put out by uniswap.
• 4:29
  Speaker 1: They of course announced there at uniswap's primary plub public
• 4:32
  Speaker 1: amm from day one, so big deal there for uniewap
• 4:36
  Speaker 1: and uniswap X. They're live alongside what's happening now. Do
• 4:41
  Speaker 1: you think there's any opportunity here where robinhood could actually
• 4:44
  Speaker 1: flip base?
• 4:45
  Speaker 4: Absolutely, I think that I would call that probably the
• 4:49
  Speaker 4: likely outcome here over time. You know, robin hood has
• 4:52
  Speaker 4: such a much much larger user base, particularly Fundata subscription users,
• 4:58
  Speaker 4: at a very very fast paced the you know, real
• 5:00
  Speaker 4: world assets, assets that historically haven't been on chain or
• 5:03
  Speaker 4: haven't had a very strong and well backed representative asset
• 5:09
  Speaker 4: on chain for these assets to bring those on chain,
• 5:12
  Speaker 4: We're going to see these over time be introduced into
• 5:15
  Speaker 4: different defive protocols. And I think one of the nicest
• 5:17
  Speaker 4: things about building a chain is robin Hood's inviting others
• 5:19
  Speaker 4: to take these assets and build unique new experiences on them,
• 5:23
  Speaker 4: things that we've literally never seen before and many people
• 5:26
  Speaker 4: have definitely wanted for a long time in the blockchain ecosystem.
• 5:30
  Speaker 4: So I think Robinhood has a very very strong headstart
• 5:33
  Speaker 4: here with the Arbitram infrastructure, but they also listed a
• 5:35
  Speaker 4: whole host of other infrastructure day one providers as well,
• 5:38
  Speaker 4: so they're taking this very seriously. And I think that
• 5:42
  Speaker 4: the combination of their retail user base as well as
• 5:45
  Speaker 4: liquidity that's already on chain will continue to come on chain,
• 5:48
  Speaker 4: and together with the both the first party experiences that
• 5:52
  Speaker 4: they're building around their stock topns, but also the fact
• 5:55
  Speaker 4: that there will be a bustling ecosystem of others saying hey,
• 5:57
  Speaker 4: we have one of the biggest players in finance. We
• 6:00
  Speaker 4: can actually build tools on top of their assets. That's
• 6:03
  Speaker 4: going to be explosive in my in my opinion, and
• 6:05
  Speaker 4: I think we're just seeing the very beginning of it today.
• 6:08
  Speaker 1: How long do you think that would take before we
• 6:10
  Speaker 1: could actually see this become one of the majors out
• 6:12
  Speaker 1: there and flip base.
• 6:14
  Speaker 4: I'll focus more, I guess in the first part, which
• 6:16
  Speaker 4: I think you know over the court, I think it
• 6:18
  Speaker 4: will be very very quick you know, certainly over the
• 6:20
  Speaker 4: course of the next year, I think we'll see this
• 6:22
  Speaker 4: chain become very very important hub for on chain finance,
• 6:26
  Speaker 4: particularly in the RWA flavor. Even before the chain was live,
• 6:29
  Speaker 4: robin Hood already launched over two thousand stock tokens and
• 6:32
  Speaker 4: arbitration one. Obviously, they're going to continue to accelerate the
• 6:35
  Speaker 4: pace of bringing these assets on chain, and that's actually,
• 6:38
  Speaker 4: you know, one of the I would say most important
• 6:40
  Speaker 4: frontiers for crypto today.
• 6:41
  Speaker 3: Right.
• 6:42
  Speaker 4: It was at one point when I got when we
• 6:44
  Speaker 4: built the company initially in twenty eighteen, and even before
• 6:47
  Speaker 4: that when I was working on Princeton, scaling was the
• 6:49
  Speaker 4: big issue. Ux is obviously a large issue today, but
• 6:53
  Speaker 4: actually assets on chain is one of the i would
• 6:55
  Speaker 4: say largest frontiers today today. And you know, the early
• 6:58
  Speaker 4: movers here definitely have an opportunity to literally set the
• 7:02
  Speaker 4: standards for the assets and the experiences that we build
• 7:05
  Speaker 4: on chain. I think Robinhood is definitely showing itself as
• 7:08
  Speaker 4: forward thinking and one of those early movers.
• 7:10
  Speaker 1: I want to go to a clip real quick because
• 7:12
  Speaker 1: this gets into purpose and spot trading by lighter, which
• 7:14
  Speaker 1: is now becoming a big deal with what's going on here.
• 7:18
  Speaker 1: Let me go to that clip and then I'll get
• 7:19
  Speaker 1: your comments.
• 7:20
  Speaker 6: In addition, both Lighter and Arcuss a new exchange by
• 7:23
  Speaker 6: the team behind du IDx are launching perpetual and spot
• 7:27
  Speaker 6: training exchanges on the chain itself.
• 7:29
  Speaker 5: We'll rolling out access to visit the robbin white now
• 7:32
  Speaker 5: so you can see all the contract details right here.
• 7:35
  Speaker 5: You will be able to change the margin very easily
• 7:38
  Speaker 5: with a slighter, and you can change the leverage. Let's
• 7:42
  Speaker 5: say we are going to do six x and you
• 7:45
  Speaker 5: can confirm just by swiping and whill directly on the
• 7:48
  Speaker 5: lighter exchange settling on the.
• 7:49
  Speaker 3: Robby and chain good speed on that.
• 7:52
  Speaker 5: Lighter has committed eleven million words of lid token to
• 7:54
  Speaker 5: the robbin and community. Starting August first, every purpse trade
• 7:58
  Speaker 5: in eligible joysdiction on points and two times in the
• 8:01
  Speaker 5: robbin and wallet, and those ones will convert directly into
• 8:04
  Speaker 5: litoken from that pool.
• 8:06
  Speaker 1: Do you think that this move is going to take
• 8:09
  Speaker 1: a little bit of market share away from hyper liquid.
• 8:12
  Speaker 4: I think it definitely has the potential too, and I
• 8:14
  Speaker 4: do expect I think you know, ultimately, I think the
• 8:16
  Speaker 4: pie is very much growing, not only the competition for
• 8:19
  Speaker 4: existing users, but the very fact that they're bringing their
• 8:21
  Speaker 4: retail users on chain, and these are users that don't
• 8:24
  Speaker 4: even know how to use the blockchain, right you don't
• 8:25
  Speaker 4: necessarily now need to know how to back up your
• 8:28
  Speaker 4: seed phrase or connect your wallet or do any of these.
• 8:31
  Speaker 4: You know, can talk to an RPCS or you don't
• 8:32
  Speaker 4: even know any of this today because you can literally
• 8:34
  Speaker 4: now go in the Robinhood app and have access to
• 8:37
  Speaker 4: these leverage protocols that are going to be backed by
• 8:39
  Speaker 4: say Lighter or other you know, on chain protocols. But
• 8:44
  Speaker 4: this is going to grow the pie significantly because a
• 8:47
  Speaker 4: whole class of users that were cut out before because
• 8:49
  Speaker 4: they didn't know how to literally didn't know how to
• 8:51
  Speaker 4: access these tools are now going to be different questions
• 8:55
  Speaker 4: in terms of the growth of the market share and
• 8:57
  Speaker 4: percentage wized. Absolutely, I think we're going to see Robinhood
• 8:59
  Speaker 4: become a hub for DeFi, particularly when it comes to
• 9:05
  Speaker 4: interactions with real world assets and stock tokens and the
• 9:07
  Speaker 4: purpose product that they and the clip that you just played,
• 9:12
  Speaker 4: and part of that is again the thing you mentioned,
• 9:13
  Speaker 4: the thing I just said is the UX. The UX
• 9:15
  Speaker 4: is going to be unifying in the sense that it
• 9:18
  Speaker 4: will bring together both those robinhood users that don't even
• 9:21
  Speaker 4: know what a blockchain is, don't want to know what
• 9:23
  Speaker 4: a blockchain is, but would be really interested in this experience,
• 9:26
  Speaker 4: as well as the DeFi users that want to go
• 9:28
  Speaker 4: deep in customize their experience by actually going deep into
• 9:32
  Speaker 4: the blockchain details, and both of them will be able
• 9:34
  Speaker 4: to do this within the same protocol on the same chain.
• 9:38
  Speaker 1: Some other announcements here, robinhood also launches Earn on the
• 9:42
  Speaker 1: main app. This is a big deal. Let me play
• 9:44
  Speaker 1: a clip for you, then I want to get your
• 9:46
  Speaker 1: opinion on that.
• 9:47
  Speaker 5: Robbin Hood Earn the first decentralized learning product vgiables the
• 9:51
  Speaker 5: robbin app.
• 9:52
  Speaker 6: Okay, so what is the rate?
• 9:54
  Speaker 3: The question on all of our minds.
• 9:56
  Speaker 6: Robinhood Earn is launching at a seven percent APY. The
• 10:01
  Speaker 6: APY moves in step with a volume of loans, an
• 10:04
  Speaker 6: approach we believe will result in a more predictable rate
• 10:07
  Speaker 6: over time. So we search the globe to find the
• 10:10
  Speaker 6: best insurance we could. We've partnered with the Venerable Lloids
• 10:13
  Speaker 6: of London, who bring three centuries of strength glad.
• 10:16
  Speaker 5: This will actually be one of the largest ever insurance
• 10:19
  Speaker 5: program across.
• 10:20
  Speaker 3: The crypto industry.
• 10:21
  Speaker 6: The largest right and underneath this the lending itself runs
• 10:24
  Speaker 6: on Morpho, all accessible via the main Robinhood app. This
• 10:28
  Speaker 6: product uses USDG, but you can actually start with your
• 10:31
  Speaker 6: own cash balance. I'm going to confirm my USDG purchase
• 10:37
  Speaker 6: and by submitting, I'm actually authorizing this transaction on chain,
• 10:41
  Speaker 6: and as you can see, just like that, the earnings
• 10:43
  Speaker 6: are accumulating right now. Live today, we'll be rolling out
• 10:47
  Speaker 6: to one percent of US customers and ramping up to
• 10:49
  Speaker 6: all qualified customers over the next few weeks.
• 10:52
  Speaker 3: Do you have nothing else for me?
• 10:53
  Speaker 6: If you're moving your crypto over to robin Hood, We're
• 10:56
  Speaker 6: offering a three percent match on eligible cryptocurrencies to me.
• 11:00
  Speaker 4: The exciting thing here is, you know, just reinforcing what
• 11:03
  Speaker 4: I said previously, which is there are a lot of
• 11:06
  Speaker 4: users that you know, they don't know how to use
• 11:08
  Speaker 4: say morpho on harbort one or morpho on Ethereum today
• 11:12
  Speaker 4: and they just don't have access to some of these opportunities.
• 11:15
  Speaker 4: And what robinhood is doing is basically bridging the gap here.
• 11:17
  Speaker 4: So you know, we've seen obviously robin Hood, with plenty
• 11:20
  Speaker 4: of their products, do slow rollouts. You know, obviously with
• 11:22
  Speaker 4: the robin Hood Gold cards. So I don't know exactly
• 11:24
  Speaker 4: how this will rut over time, but I'm sure that
• 11:25
  Speaker 4: it will definitely expand over time. And the idea is
• 11:28
  Speaker 4: that it's going to be something that's just attractive to
• 11:31
  Speaker 4: all users. And this is, you know, one of the
• 11:33
  Speaker 4: big questions for crypto generally asked over the past several
• 11:37
  Speaker 4: years is, Okay, I get that there's a group of,
• 11:40
  Speaker 4: you know, crypto native people, this is exciting for but
• 11:43
  Speaker 4: can we change the lives of everyone in the world.
• 11:45
  Speaker 4: Can you know, the person that doesn't understand crypto or
• 11:48
  Speaker 4: doesn't want to understand crypto, can they also benefit? And
• 11:51
  Speaker 4: we're seeing Robin Wood answer this question in a few ways,
• 11:53
  Speaker 4: and the affirmative Number one, the very fact that they've
• 11:55
  Speaker 4: now expanded to dozens of new countries on the Crypto
• 11:59
  Speaker 4: on Crypto rails at a pace that they wouldn't have
• 12:02
  Speaker 4: otherwise been able to do is number one approof of
• 12:04
  Speaker 4: the value of crypto. And number two is now they're
• 12:06
  Speaker 4: giving their retail users, both in those countries and beyond
• 12:09
  Speaker 4: the ability to have opportunities and access opportunities, whether it
• 12:13
  Speaker 4: comes whether it's seven percent yield or other opportunities that
• 12:16
  Speaker 4: they simply wouldn't have on their traditional rails, And they
• 12:19
  Speaker 4: can do that all without actually engaging in any of
• 12:21
  Speaker 4: the technical details in crypto.
• 12:23
  Speaker 2: Do you know if this vault is running on arbitrump,
• 12:26
  Speaker 2: the vault.
• 12:26
  Speaker 4: Is running on I believe on Robin and Chain view Morpho.
• 12:30
  Speaker 1: Morpho Okay, all right? So would this okay? So would
• 12:33
  Speaker 1: that solidify Morpho kind of as the new standard here?
• 12:36
  Speaker 4: I believe that they are yes using Morpho for their
• 12:39
  Speaker 4: lending product.
• 12:40
  Speaker 3: On their chaine.
• 12:41
  Speaker 2: So what would this do to coinbase?
• 12:42
  Speaker 1: Wouldn't they have to kind of meet the game and
• 12:46
  Speaker 1: raise their APIs.
• 12:48
  Speaker 4: That's you know, I can speculate on that. Obviously, that's
• 12:51
  Speaker 4: a business level question for them. But I think we
• 12:53
  Speaker 4: are seeing here is, you know, the incumbency that people
• 12:58
  Speaker 4: may have assumed a year ago or two years ago
• 13:01
  Speaker 4: who the big players in crypto will be obviously is
• 13:05
  Speaker 4: maybe being shaken up a little bit. I think to
• 13:07
  Speaker 4: everyone it's very clear today that Robin Hood is not
• 13:10
  Speaker 4: only this fintech giant, but also has greatly emerged as
• 13:15
  Speaker 4: a crypto giant. Obviously that comes with the bit stamp
• 13:18
  Speaker 4: acquisition that they did, but obviously even more together with
• 13:22
  Speaker 4: what we've been building with them and what they announced yesterday,
• 13:25
  Speaker 4: Robin Hood is very much fronted center a crypto company
• 13:29
  Speaker 4: as much as it is a fintech company. And I
• 13:31
  Speaker 4: think that, you know, that's becoming obvious to everyone, and
• 13:34
  Speaker 4: they're here to stay.
• 13:35
  Speaker 1: Yeah, And I think the move with their you know,
• 13:38
  Speaker 1: and they kind of touted it was the move with
• 13:40
  Speaker 1: Lloyd's of London, you know, insurance is going to be
• 13:42
  Speaker 1: a major you know, scenario that plays out, especially on
• 13:45
  Speaker 1: decision making for a lot of investors out there, to
• 13:48
  Speaker 1: see that kind of partnership, it's going to be important.
• 13:51
  Speaker 1: So this launches USDG into the limelight. This is going
• 13:56
  Speaker 1: to really make it, I think, a very specified stable
• 13:59
  Speaker 1: coin in turn of going forward, especially if robin Hood
• 14:02
  Speaker 1: gets traction here. What about USDG now versus what's happening
• 14:06
  Speaker 1: with OUSD and what was just announced here just in
• 14:11
  Speaker 1: the last week. Do you think that was more of
• 14:12
  Speaker 1: a marketing stunt or do you think this is Give
• 14:16
  Speaker 1: me your opinion on those two stable coins as the
• 14:19
  Speaker 1: especially with what's rolling out with Robin Hoood right now.
• 14:22
  Speaker 4: Yeah, I think it's they're very much similar in what
• 14:24
  Speaker 4: they're trying to accomplish or the method that they're trying
• 14:27
  Speaker 4: to use, which is obviously you have the very big
• 14:30
  Speaker 4: players today in USDC and us d T, and the
• 14:33
  Speaker 4: question is, hey, can can we challenge them? And I
• 14:36
  Speaker 4: think it's becoming clear to most people that you know,
• 14:38
  Speaker 4: a third independent player is likely not going to be
• 14:42
  Speaker 4: able to compete with them today. And just because you know,
• 14:45
  Speaker 4: they have such a massive headstart when it comes to
• 14:47
  Speaker 4: technical integrations throughout exchanges just FIAT on REMPS, offtwams. There's
• 14:52
  Speaker 4: just massive, massive headstart that these you know, large protocols have,
• 14:57
  Speaker 4: and of course in the market share that they have
• 14:58
  Speaker 4: as well. Then the question is, hey, can we leverage
• 15:02
  Speaker 4: economics in a way that we joined economics in a
• 15:05
  Speaker 4: way that challenges this And obviously that's uh. You know,
• 15:08
  Speaker 4: usd G is a great example of that, bringing together
• 15:10
  Speaker 4: some of the most powerful financial companies in the world,
• 15:13
  Speaker 4: and I think O us D is a similar place,
• 15:16
  Speaker 4: slightly different strategy potentially with the makeup of the companies.
• 15:20
  Speaker 4: But the idea is, hey can we give first line
• 15:23
  Speaker 4: incentives to folks to drive you know, when they have
• 15:27
  Speaker 4: a decision to make of Hey should I you know,
• 15:29
  Speaker 4: what assets should we use in our platform. How do
• 15:31
  Speaker 4: you give folks the incentives to grow a new asset.
• 15:34
  Speaker 4: So I think we're seeing this play out with us
• 15:36
  Speaker 4: d G. Robin Hood obviously is one of the founding
• 15:40
  Speaker 4: consorting consorting partners of us d G, and became very
• 15:44
  Speaker 4: clear from their presentation yesterday and the uh the clip
• 15:48
  Speaker 4: that you played that USTG will be a foundational asset
• 15:51
  Speaker 4: on this chain. And I personally am very very excited
• 15:54
  Speaker 4: for the adoption of USDG and I think it has
• 15:57
  Speaker 4: if you know, I would put it as the top
• 15:59
  Speaker 4: of my assets that are likely to significantly grow and
• 16:04
  Speaker 4: challenge status quote when it comes to stable points.
• 16:07
  Speaker 2: Let's go over to a clip here.
• 16:08
  Speaker 1: I want to talk about AI native chain features now
• 16:11
  Speaker 1: that are going to be available on this and then
• 16:13
  Speaker 1: we'll talk about virtuals and some things that I kind
• 16:15
  Speaker 1: of connect the dots here.
• 16:17
  Speaker 6: So we designed the robin A chain from the start
• 16:19
  Speaker 6: to be AI native and already UNISWAP and Privy have
• 16:23
  Speaker 6: deployed their skills directly on the chain. They can do
• 16:26
  Speaker 6: everything from connecting a wallet, choosing a dex and even
• 16:29
  Speaker 6: sign a transaction. The user just sees the end outcome.
• 16:33
  Speaker 7: Let's have our agent build a watch list of stocks
• 16:35
  Speaker 7: that specialize in crypto mining. You can see your account
• 16:39
  Speaker 7: update in real time as your watch list has created. Now,
• 16:42
  Speaker 7: let's ask it to invest one thousand dollars in that list.
• 16:46
  Speaker 7: There you go. I want to wait until these stocks
• 16:48
  Speaker 7: drop three to five percent. Perfect, so our agent will
• 16:53
  Speaker 7: be keeping an eye and reinvesting based on these parameters.
• 16:56
  Speaker 7: Moving forward, here, I asked it to show my current
• 16:59
  Speaker 7: lots for bitcoin and it quickly found unrealized losses, helping
• 17:03
  Speaker 7: me to uncover opportunities I did not even know I
• 17:06
  Speaker 7: had for harvesting. And if while you're out, your agent
• 17:09
  Speaker 7: does identify an opportunity based on the strategies you've set up,
• 17:13
  Speaker 7: you will receive a push notification alerting you of the
• 17:17
  Speaker 7: action and it's available at no additional costs this month
• 17:21
  Speaker 7: to us Robinhood Gold members.
• 17:23
  Speaker 1: All right, there you have it. Agentic Trading is here.
• 17:26
  Speaker 1: My first question is will these transactions occur on arbitrump.
• 17:29
  Speaker 4: So these will in clear on the arbitrm platform, largely
• 17:32
  Speaker 4: on the robin Hood chain, which is part of the
• 17:34
  Speaker 4: launched an art now on the broader arbiting platform. Yes.
• 17:37
  Speaker 1: Do you think the amount of transactions now when you
• 17:40
  Speaker 1: look at this will flip the amount of this is
• 17:43
  Speaker 1: easily going to flip human transactions, wouldn't it.
• 17:45
  Speaker 4: I expect so in time absolutely. I think we're already
• 17:48
  Speaker 4: seeing that now on just Internet browsing activity. Yeah, I
• 17:52
  Speaker 4: definitely time, particularly when you have strong tools like the
• 17:55
  Speaker 4: one that you just showed in the clip available to use.
• 17:57
  Speaker 1: Yes, looking at VIRTUALS protocol Robin and che integrating VIRTUALS
• 18:01
  Speaker 1: AI agent infrastructure day one giving users access to launch,
• 18:04
  Speaker 1: fund own and use the agents.
• 18:06
  Speaker 2: So that's a big deal.
• 18:07
  Speaker 1: Who would you say right now, robin Hood or coinbase
• 18:12
  Speaker 1: when it comes to AI, who's doing it better?
• 18:14
  Speaker 4: I know you're yeah, I mean you can guess what
• 18:19
  Speaker 4: I'll say. I think you know. The coin Base is
• 18:22
  Speaker 4: a credit. They've done a lot of good work in
• 18:24
  Speaker 4: terms of standards like h standards, protocol standards for AI
• 18:29
  Speaker 4: agents interacting that are being used, you know, beyond just
• 18:32
  Speaker 4: the core you know coinbas based platforms. So they've definitely
• 18:35
  Speaker 4: done a lot of good work. But ultimately, I think
• 18:37
  Speaker 4: it ultimately comes down to you when it comes to
• 18:38
  Speaker 4: the success and the volume that AI will bring of
• 18:42
  Speaker 4: you know, AI agents obviously, as we said, will be
• 18:44
  Speaker 4: larger number, but Ultimately, they all flow back to particular
• 18:47
  Speaker 4: users and particular liquidity, and the question is where do
• 18:49
  Speaker 4: these use those users, where do those retail users. You know,
• 18:53
  Speaker 4: I always like to say, you know, we crypto obviously
• 18:56
  Speaker 4: use we're DJN often to describe some of the activities
• 18:58
  Speaker 4: in the space. But like the non crypto platform, historically
• 19:01
  Speaker 4: non crypto platform that had the same DJEN activities and
• 19:04
  Speaker 4: dj users will obviously robin Hood. You just look no
• 19:07
  Speaker 4: further at the obviously game stop and activity of several
• 19:10
  Speaker 4: years ago. These are the class of users that will
• 19:14
  Speaker 4: put these tools to work and find new tools and
• 19:16
  Speaker 4: build new tools to increase and harvest their opportunities. Robinhood
• 19:21
  Speaker 4: owns this retail market entirely, and I think to the
• 19:25
  Speaker 4: extent that there you know users were those users are
• 19:28
  Speaker 4: also previously going elsewhere for crypto. They were probably saying, hey,
• 19:31
  Speaker 4: I'm using Robinhood and I'm using another platform for the
• 19:34
  Speaker 4: things that robin Hood doesn't yet provide. But now that
• 19:36
  Speaker 4: robinhood is providing everything they historically do in fintech, but
• 19:39
  Speaker 4: also all these crypto opportunities and new agentic first crypto
• 19:43
  Speaker 4: opportunities that will definitely appeal to UH you know your
• 19:46
  Speaker 4: dgen users. I think we're going to see their market
• 19:49
  Speaker 4: share just you know, dominate here like it does.
• 19:53
  Speaker 2: It could get a bit quick.
• 19:54
  Speaker 1: I want to go to this last section, which gets
• 19:57
  Speaker 1: into marching payments, and this I think is one of
• 19:59
  Speaker 1: the more important ones because it has so much upside
• 20:02
  Speaker 1: in terms of market capacity.
• 20:04
  Speaker 3: Not a lot of merchants accept stable coins yet, while
• 20:07
  Speaker 3: everyone is using the right buzzwords but doing nothing, We've
• 20:11
  Speaker 3: launched what, to our knowledge is the world's first consumer
• 20:15
  Speaker 3: agentic credit card. Make sure you get at least one
• 20:18
  Speaker 3: gift for each person. That's the constraint. The agent actually
• 20:22
  Speaker 3: went ahead and purchased your gifts for delivery today. You
• 20:26
  Speaker 3: can tell it to procure tickets for the theater or
• 20:29
  Speaker 3: opera the moment they're released, Johan. You can ask it
• 20:32
  Speaker 3: to buy that vintage time piece that you've had your
• 20:35
  Speaker 3: eye on as soon as it's listed below a certain price.
• 20:38
  Speaker 3: If you want, you can turn on approvals to validate
• 20:41
  Speaker 3: and approve transactions. You can change spending limits. The Robinhood
• 20:45
  Speaker 3: Agentic credit card is available now for all our cardholders.
• 20:49
  Speaker 5: Too bad, you have to get the craik out only
• 20:52
  Speaker 5: you You as customer yep, you you've got me on
• 20:55
  Speaker 5: that one.
• 20:56
  Speaker 2: Are all these stable coin payments?
• 20:58
  Speaker 1: Do you think everything is going to be transacting on
• 21:00
  Speaker 1: stable coins?
• 21:01
  Speaker 4: I think stable coins will become the dominant uh yes,
• 21:06
  Speaker 4: mode for AI agents to transact. We're already seeing this.
• 21:11
  Speaker 4: Cloud Flare last week announced you know that they are
• 21:13
  Speaker 4: now offering stable cooin gated basically websites and other Internet experiences.
• 21:18
  Speaker 4: It's clear that this is the lowest friction way for
• 21:22
  Speaker 4: for agents to interact, and I do think we'll see
• 21:25
  Speaker 4: a lot of this, you know, via Robinhood on robinhood
• 21:27
  Speaker 4: chain for sure.
• 21:29
  Speaker 2: How do you see this changing consermer habits right now?
• 21:31
  Speaker 4: I think will take time. I think, like every other
• 21:33
  Speaker 4: technology out there, there will be the first class of
• 21:36
  Speaker 4: power users. And again, like I said, I believe very
• 21:38
  Speaker 4: strongly that robin Hood you know is user base, uh
• 21:42
  Speaker 4: based on you know, the makeup of the retail users
• 21:44
  Speaker 4: and the investing and trading traders on the platform will
• 21:47
  Speaker 4: likely be some of the first that will be incentivized
• 21:50
  Speaker 4: to uh really deploy agents and and and use some
• 21:54
  Speaker 4: of these experiences. But in terms of you know, you
• 21:56
  Speaker 4: zoom out, like I think, we're obviously it's very clear
• 21:59
  Speaker 4: to everyone that AI is reshaping and redrawing the world
• 22:03
  Speaker 4: as we know it. But of course I think it
• 22:05
  Speaker 4: will take it will take time, uh until this uh
• 22:08
  Speaker 4: you know, change is broad user habits globally, but I
• 22:11
  Speaker 4: think will happen eventually.
• 22:13
  Speaker 1: Steven, my last question is this is you look at
• 22:16
  Speaker 1: all of this great news. I mean, it's fantastic, it's
• 22:19
  Speaker 1: beautiful as uh we're in a bear market, though, do
• 22:22
  Speaker 1: you think the sentiment is going to change on Ethereum
• 22:26
  Speaker 1: even with all of what's happening here. I mean, essentially
• 22:29
  Speaker 1: this is kind of, uh, I think an opportunity that
• 22:32
  Speaker 1: is just blue sky ready, it's just waiting to explode.
• 22:36
  Speaker 2: What do you think sentiment wise for e.
• 22:38
  Speaker 4: Well, we're building uh you know, we're we're working towards it.
• 22:43
  Speaker 4: Off chain is really bringing enterprises on chain. And you know,
• 22:46
  Speaker 4: robin Hood's announced me yesterday is not only a win
• 22:48
  Speaker 4: for the orbgin platform, but it's a win for Ethereum,
• 22:51
  Speaker 4: right because we think about it, robin Hood decided that
• 22:52
  Speaker 4: they want to launch their own blockchain, and that's a
• 22:55
  Speaker 4: starting point. And you know there are a few institutionions
• 22:57
  Speaker 4: that made that same decision, and you either launch now
• 22:59
  Speaker 4: to one Ethereum or you launch your own L one.
• 23:01
  Speaker 4: There's no other game, right, Alternative l ones don't have
• 23:03
  Speaker 4: an L two business, don't have an L two model
• 23:05
  Speaker 4: that they can offer you this, So Ethereum actually has
• 23:07
  Speaker 4: a major leg up here And Robinhood is definitely the
• 23:11
  Speaker 4: first of this scale to really you know, as a
• 23:14
  Speaker 4: fintech to launch a chain, but they won't be the last.
• 23:16
  Speaker 4: And I think we're going to continue to see more
• 23:18
  Speaker 4: and more wins for Ethereum, and people have to appreciate
• 23:21
  Speaker 4: that Robin Hood launching their own chain, their own arbitrum
• 23:23
  Speaker 4: L two on Ethereum is a very very large win
• 23:27
  Speaker 4: for Ethereum and not it's not you know, competitively Ethereum
• 23:31
  Speaker 4: layer one, and they're both big wins for Ethereum. Ethereum
• 23:34
  Speaker 4: is both it's l ones and it's L two's and
• 23:37
  Speaker 4: I think people need to appreciate that. But yes, I
• 23:39
  Speaker 4: think over time this will definitely uh uh improve sentiment.
• 23:43
  Speaker 4: And the nice thing is, you know, beer markets are
• 23:45
  Speaker 4: I'd say one of the best time is to build
• 23:47
  Speaker 4: right because you know, during a ball market, everyone's say,
• 23:50
  Speaker 4: whereas is we're during a bear market. You have a
• 23:52
  Speaker 4: little you know, time and you know, a little a
• 23:54
  Speaker 4: little less pressure, and whenever the market turns on, there's
• 23:57
  Speaker 4: gonna be a new class of users and a new
• 24:00
  Speaker 4: rush of liquidity that discovers all those clips that you've played,
• 24:03
  Speaker 4: all these features that are now available on robin Hood Chain,
• 24:07
  Speaker 4: on the Arbigin platform, on Ethereum to basically trade quality assets,
• 24:12
  Speaker 4: agentic first experiences do things that many probably never even
• 24:15
  Speaker 4: thought were possible. I thought we'd see for many, many
• 24:17
  Speaker 4: many years. At the very least, they all available today,
• 24:19
  Speaker 4: and when the market picks up, you won't be saying, hey,
• 24:21
  Speaker 4: when can I do that? It's oh wow, that's already there.
• 24:24
  Speaker 4: That happened during the bear market. It's ready for primetime today.
• 24:27
  Speaker 1: Well, and I think to your point exactly is that
• 24:30
  Speaker 1: there is going to be just an onslaught of new
• 24:33
  Speaker 1: potential investors that have never touched this before. And we've
• 24:37
  Speaker 1: always talked about this on the show, is that when
• 24:40
  Speaker 1: crypto figures out how to make it work like tradfi
• 24:44
  Speaker 1: with crypto rails, that is the cracking the code that
• 24:48
  Speaker 1: is really going to get you to the next level
• 24:50
  Speaker 1: in terms of adoptions.
• 24:51
  Speaker 2: So I agree with you. I think there's going to
• 24:52
  Speaker 2: be a.
• 24:53
  Speaker 1: Big opportunity here going forward with Eth Steven. Thank you
• 24:56
  Speaker 1: so much for coming in today. This has been a
• 24:57
  Speaker 1: good one. We appreciate it.
• 24:59
  Speaker 4: Thank you for having me.
• 25:06
  Speaker 1: If you like this video, hit like and subscribe, drop
• 25:09
  Speaker 1: a comment down below, and also join our free private
• 25:12
  Speaker 1: member group.
• 25:13
  Speaker 2: The link is in the description h