Latest / The Paul Barron Crypto Show / Flare Networks🚨Hugo Philion INTERVIEW⚫XRP Las Vegas LIVE

Transcript

Flare Networks🚨Hugo Philion INTERVIEW⚫XRP Las Vegas LIVE · The Paul Barron Crypto Show

• 0:00
  Speaker 1: First, a word from our sponsors. If you are in
• 0:02
  Speaker 1: the XRP community and you're not paying attention to RLUSD,
• 0:06
  Speaker 1: you need to be. Ripple just launched their regulated US
• 0:09
  Speaker 1: dollar stable coin. This is a one to one backed
• 0:12
  Speaker 1: and it runs natively on the XRP ledger. Okx is
• 0:17
  Speaker 1: the best place that you can trade this. More importantly,
• 0:20
  Speaker 1: okx has the RLUSD, a XRP trading pair that is
• 0:24
  Speaker 1: the one that this community has been waiting for, and
• 0:27
  Speaker 1: it is here. If you're brand new to okx, they've
• 0:30
  Speaker 1: got a new member offer for you up to three
• 0:32
  Speaker 1: hundred bucks link down below. Terms do apply. Take a look.
• 0:38
  Speaker 1: Welcome back in to another episode here from the XRP
• 0:41
  Speaker 1: Las Vegas event, and today's going to be a good
• 0:44
  Speaker 1: one because I've got Hugo coming in from Flair and
• 0:46
  Speaker 1: of course we've been on with you many times, Hugo.
• 0:51
  Speaker 1: A lot is happening here at this I mean, as
• 0:53
  Speaker 1: we're recording this, we're looking across a sea of people
• 0:56
  Speaker 1: right now, all of which hold XRP.
• 0:59
  Speaker 2: YEP.
• 1:00
  Speaker 1: Flare, of course, is one of the cornerstones of the
• 1:03
  Speaker 1: XRP ecosystem. Now, so talk to me a little bit
• 1:06
  Speaker 1: about what you guys have been doing this year that
• 1:08
  Speaker 1: has separated you from.
• 1:09
  Speaker 3: The pack absolutely, so you know, I guess for those
• 1:12
  Speaker 3: that don't know, Flare is a layer one blockchain that
• 1:14
  Speaker 3: build around data, build around data, so we could do
• 1:18
  Speaker 3: more with you know, non smart contract tokens like XORP,
• 1:21
  Speaker 3: which is you know, really our primary goal is to
• 1:25
  Speaker 3: develop an exit, very large DeFi market for XORP. That's
• 1:31
  Speaker 3: our primary function, and then we'll be branching out to
• 1:34
  Speaker 3: other non small contract tokens when we feel that we've
• 1:38
  Speaker 3: established that market sufficiently that you know, it's self sustaining.
• 1:42
  Speaker 3: So in the last year, we started in September, let's say,
• 1:45
  Speaker 3: September twenty twenty five, we launched f XRP. We've been
• 1:49
  Speaker 3: alive for a couple of years before that, but we've
• 1:51
  Speaker 3: been testing systems, we've been building. It takes a while,
• 1:55
  Speaker 3: especially when you know when you look at the rest
• 1:57
  Speaker 3: of the ecosystem.
• 2:00
  Speaker 2: We're always very.
• 2:01
  Speaker 3: Happy that takes us a long time to build things
• 2:03
  Speaker 3: because we take security absolutely first and foremost. Absolutely not
• 2:08
  Speaker 3: only are the designs of our technologies radically different to
• 2:13
  Speaker 3: how pretty much anyone else does it, which means we
• 2:15
  Speaker 3: think that those designs are more sophisticated and more safe,
• 2:19
  Speaker 3: but we test a lot, We test.
• 2:21
  Speaker 2: A huge amount.
• 2:22
  Speaker 3: So we start in September twenty twenty five with FXORP.
• 2:25
  Speaker 3: That was the first time FXRP could be created. We've
• 2:30
  Speaker 3: established a sizable DeFi ecosystem. We have one hundred and
• 2:33
  Speaker 3: fifty five million units of XRP on Flare, a full
• 2:37
  Speaker 3: DeFi ecosystem of about four hundred and fifty million dollars.
• 2:41
  Speaker 3: We partnered with Centaura to build Firelight.
• 2:45
  Speaker 2: Seed funded that.
• 2:46
  Speaker 3: Firelight is the first major, I think viable insurance protocol
• 2:51
  Speaker 3: for DeFi in the space, and it uses XP as
• 2:53
  Speaker 3: the collateral asset. We've bought on Morpho, which is a
• 2:58
  Speaker 3: very institutional focus.
• 2:59
  Speaker 1: How is that conected now with more folks, that's something new.
• 3:02
  Speaker 3: So we've bought more FO onto Flare, through the through
• 3:06
  Speaker 3: Mystic and they are really an institutionally focused lending protocol,
• 3:11
  Speaker 3: very different risk structure, very much lower risk structure to
• 3:14
  Speaker 3: different types of lending protocol.
• 3:16
  Speaker 2: The more OG lending.
• 3:17
  Speaker 3: Protocols isolated sort of more secure and vult capable, so
• 3:23
  Speaker 3: you know, you can effectively people could create volts that
• 3:25
  Speaker 3: interact with Morpho and this is a great abstraction for users, so.
• 3:28
  Speaker 2: We bought MOREPHO on. We've been developing that market.
• 3:32
  Speaker 3: We have got FXRP on modible chains, each maina monad
• 3:38
  Speaker 3: I think base. You know, we are making FXRP the
• 3:41
  Speaker 3: standard across the entire DeFi ecosystem.
• 3:45
  Speaker 2: We created FLAIR Smart.
• 3:46
  Speaker 3: Accounts, which allows you to control your FXRP directly from
• 3:50
  Speaker 3: the XRP ledger by broadcasting a transaction on the XRP ledger.
• 3:54
  Speaker 3: And the next version of FXRP v one point three
• 3:57
  Speaker 3: will allow you to mint FXRP directly from an exchange
• 4:01
  Speaker 3: and we don't need exchanges.
• 4:03
  Speaker 2: To partner with us on that.
• 4:04
  Speaker 3: That functionality comes from the withdrawal functionality on an exchange,
• 4:08
  Speaker 3: so you'll be able to withdraw to flat rather than
• 4:10
  Speaker 3: to the XRP len Interesting.
• 4:12
  Speaker 1: Okay, so is that that's fairly new.
• 4:14
  Speaker 2: Then that's that's coming in a couple of weeks, all.
• 4:16
  Speaker 1: Right, So advancements are rolling out with Flair. You look
• 4:19
  Speaker 1: at the ecosystem itself as you can see this this,
• 4:22
  Speaker 1: even though we're in a down year, one of the
• 4:24
  Speaker 1: biggest events that they've hailed. I think they broke their record.
• 4:27
  Speaker 1: This is something that I think every XRP. Hoolder here
• 4:31
  Speaker 1: is looking at how do I put these assets toward?
• 4:34
  Speaker 1: This store? Of course opens up a whole layer of opportunities.
• 4:38
  Speaker 1: What about scale for flare?
• 4:40
  Speaker 2: So there's a huge buzz around XRP.
• 4:43
  Speaker 3: There's been a huge buzz since the cold case was settled.
• 4:46
  Speaker 3: But now I think the predominant question that everyone's coming
• 4:49
  Speaker 3: up to me and asking is I've got my XRP.
• 4:52
  Speaker 3: I want it safe, I want it secure it, but
• 4:54
  Speaker 3: I want yield on it. Yeah, and that's what flat
• 4:55
  Speaker 3: off is really And we are I think, well, first
• 4:59
  Speaker 3: of all, with the largest ecosystem for XRP today, But
• 5:02
  Speaker 3: I also think we are I also think we're the best.
• 5:05
  Speaker 2: To be honest with you.
• 5:06
  Speaker 3: What does scale look like? While we're scaling slowly because
• 5:09
  Speaker 3: markets take a long time to establish, You've got to
• 5:12
  Speaker 3: bring on stables. You've got to bring on institutional partners
• 5:15
  Speaker 3: who prepare to lend those stables against your XRP. You've
• 5:20
  Speaker 3: got to make sure that everything's safe. But to scale responsibly.
• 5:24
  Speaker 3: We've seen people scale irresponsibly and it creates huge holes,
• 5:27
  Speaker 3: creates holes in the ecosystem, capital shortfalls, which you know
• 5:31
  Speaker 3: the DeFi ecosystem on you know, Ethereum have had to
• 5:35
  Speaker 3: club together and create a bailout, you know, and that's
• 5:38
  Speaker 3: because they don't scale responsibly. You know. We are trying
• 5:40
  Speaker 3: to scale as responsibly as possible with your asset, with
• 5:43
  Speaker 3: your money, and you know, build that out. We've extended
• 5:47
  Speaker 3: Flair to other ecosystems in order to be able to
• 5:49
  Speaker 3: get additional stable coin liquidity that can be len against
• 5:54
  Speaker 3: against f XRP and principally the best way to access
• 5:57
  Speaker 3: that is through the upshift clist our Okay, enabled to plan.
• 6:02
  Speaker 3: We'll be launching all the types of vault as well
• 6:04
  Speaker 3: in the future. Don't want to say too much about right,
• 6:07
  Speaker 3: all right, but it's very exciting.
• 6:09
  Speaker 1: Well okay, so that has been one of the things
• 6:11
  Speaker 1: that I think when you look at scalability of projects,
• 6:14
  Speaker 1: to your point, sometimes they grow too fast, bad things happen,
• 6:18
  Speaker 1: which we saw with the KELP dow good example. But
• 6:21
  Speaker 1: you look at where you guys are right now, the
• 6:24
  Speaker 1: onboarding of a new xrp F as app holder. What
• 6:29
  Speaker 1: is that going to look like in the future? Is
• 6:31
  Speaker 1: there for the barrier to entry is going to be
• 6:34
  Speaker 1: easier and easier.
• 6:35
  Speaker 2: I mean, you know, just go back to that scaling point.
• 6:38
  Speaker 3: I think Filelight is one of the protocols that I
• 6:40
  Speaker 3: think could scale in almost infinitely. It could probably take
• 6:44
  Speaker 3: up all of the XARP and exist. Yes, right, because
• 6:47
  Speaker 3: I think, you know, the DeFi industry is very large,
• 6:49
  Speaker 3: and Filight is offering broad spectrum insurance. In fact, the
• 6:52
  Speaker 3: more insurance they can offer, the better the yield is
• 6:55
  Speaker 3: and the safer the portfolio of assets in Firelight is.
• 6:58
  Speaker 3: So I think filights are very interesting. One of course,
• 7:01
  Speaker 3: we funded that, and I think in terms of the
• 7:04
  Speaker 3: onboarding experience, we've integrated with pretty much every wallet we
• 7:09
  Speaker 3: possibly can. We've created our own wallet called Lumini with
• 7:15
  Speaker 3: partners to make that experiences again even easier. You don't
• 7:19
  Speaker 3: even need a private key, you just have password. We
• 7:23
  Speaker 3: are allowing you to mint XRP directly from exchange. Now,
• 7:27
  Speaker 3: no competing XRP product can do that because they all
• 7:32
  Speaker 3: have a degree of centralization the FLED doesn't have, and
• 7:35
  Speaker 3: they have to know the minter.
• 7:37
  Speaker 2: They have to came and see the minter.
• 7:38
  Speaker 3: So something like rapt x or P offered by hext
• 7:41
  Speaker 3: might be an intesting might be an interesting thing. They
• 7:44
  Speaker 3: cannot onboard you directly from an exchange because they don't
• 7:47
  Speaker 3: know who you are. FXRP can so in terms of scaling,
• 7:50
  Speaker 3: in terms of user making it easier for the user,
• 7:54
  Speaker 3: all we do is try to break down those barriers.
• 7:57
  Speaker 2: That's why we've created Flair smart accounts.
• 7:59
  Speaker 1: Okay, so I know Flair, you're Flare two point zero
• 8:02
  Speaker 1: later this year.
• 8:03
  Speaker 2: Yeah.
• 8:04
  Speaker 1: The innovations that you'll see in not only D five,
• 8:07
  Speaker 1: but what we'll see in terms of yield bearing instruments,
• 8:10
  Speaker 1: like what you guys have done with the FSTs. What
• 8:14
  Speaker 1: does that look like in twelve months a year from now.
• 8:16
  Speaker 2: Well, you know, we're creating.
• 8:19
  Speaker 3: Flat two point zero, which is effectively what we're calling
• 8:22
  Speaker 3: Flag Confidential Compute, And this is a scalability layer on
• 8:25
  Speaker 3: top of Flare. Not only for scalability, I eat many
• 8:28
  Speaker 3: more computations much more cheaply, but also for privacy and
• 8:33
  Speaker 3: for being able to keep secrets like private keys.
• 8:36
  Speaker 1: Will that open up institutional more so?
• 8:38
  Speaker 3: That'll open up a number of things. First of all,
• 8:40
  Speaker 3: you get to create a protocol on Flare that can control,
• 8:44
  Speaker 3: using decentralized inputs, assets.
• 8:46
  Speaker 2: On other chains.
• 8:47
  Speaker 3: So unlike having to go to a multi sick you
• 8:51
  Speaker 3: can control Bitcoin, you can control XRP control ethereum on
• 8:55
  Speaker 3: other chains from a single protocol and FLAP. So that
• 8:58
  Speaker 3: may be institutional, but it may to just be a
• 9:00
  Speaker 3: total you know, game changer for what people can build.
• 9:03
  Speaker 3: But when it comes to privacy, that's where privacy that
• 9:06
  Speaker 3: is offered by flair confidential Compute, that's where I think
• 9:10
  Speaker 3: that becomes very institutional because you know, real world assets
• 9:14
  Speaker 3: and you know large financial indities. They don't want everyone
• 9:18
  Speaker 3: to know what they're doing, and so, you know, I
• 9:21
  Speaker 3: think there's a really nice story. As r WA's are
• 9:25
  Speaker 3: issued on the xop ledger, where the x where the
• 9:28
  Speaker 3: xop ledger cannot serve all of the needs of its
• 9:31
  Speaker 3: institutional clients, protocols can be built in Flair's confidential compute
• 9:37
  Speaker 3: that allows those RWA's to be utilized, to be traded,
• 9:41
  Speaker 3: to be lent against, to be used as collateral. Again,
• 9:46
  Speaker 3: protocols that the xop ledger can't currently enable, you know,
• 9:51
  Speaker 3: can be enabled through confidential compute FLARE.
• 9:54
  Speaker 1: So with the privacy side, this of course is the
• 9:59
  Speaker 1: challenge I think that all institutional capital is concerned about,
• 10:02
  Speaker 1: especially at this scale that we're talking about moving into
• 10:05
  Speaker 1: light speed really with these new instruments. Canton has been
• 10:09
  Speaker 1: out there kind of scouting that absolutely okay, and they
• 10:15
  Speaker 1: have locked it in for institutional to institutional. Is Flair
• 10:19
  Speaker 1: opening that up?
• 10:20
  Speaker 3: So I think Flair is interested in institutional to institutional
• 10:23
  Speaker 3: and institutional to retail. Okay, So you know, and also again,
• 10:27
  Speaker 3: like everything, banks and institutions are not going to let
• 10:30
  Speaker 3: one chain win it all because that then replaces them. Yes, right,
• 10:34
  Speaker 3: so you know, I think you know, XORP Ledgers doing
• 10:38
  Speaker 3: really well in rwations. It went above Solona. I think
• 10:41
  Speaker 3: it's like number two or three in terms of total
• 10:43
  Speaker 3: WA's and so I think I don't think this is
• 10:46
  Speaker 3: going to be again a winner. Everyone always wants to
• 10:48
  Speaker 3: find a winner. Take Hooles in position. I think XORP
• 10:51
  Speaker 3: Ledger is going to be very successful with our WA issuance.
• 10:54
  Speaker 3: Why because XORP Ledger has better distribution in the US,
• 11:00
  Speaker 3: in career, in Japan or than any other chain. And
• 11:03
  Speaker 3: so if you're an asset issuer, if you are an
• 11:06
  Speaker 3: institution and you want distribution, XRP Lazer is a great
• 11:10
  Speaker 3: place to do that allow and what Flair can then
• 11:12
  Speaker 3: offer is further you further functionality on top of that.
• 11:16
  Speaker 1: This is going to be an exciting time I think
• 11:19
  Speaker 1: for digital assets in general, especially as we start to
• 11:22
  Speaker 1: see these kinds of instruments go live. So it's gonna
• 11:24
  Speaker 1: be a good one. We will of course be covering
• 11:26
  Speaker 1: this and much more. We'll get you go back on
• 11:28
  Speaker 1: the pod soon, so hugo. Thanks for coming in today.
• 11:31
  Speaker 2: Of course we have a session tomorrow. Yes, we did
• 11:33
  Speaker 2: look forward to the change.
• 11:35
  Speaker 1: Yeah, it's gonna be amazing. All right, you guys know
• 11:37
  Speaker 1: what to do. We will catch you guys later. If
• 11:46
  Speaker 1: you like this video, hit like and subscribe, drop a
• 11:49
  Speaker 1: comment down below, and also join our free private member group.
• 11:52
  Speaker 1: The link is in the description.