Latest / The Paul Barron Crypto Show / Ethereum Demand Skyrockets on Aave!🚨Banks Incoming!🔥Stani Kulechov INTERVIEW

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Ethereum Demand Skyrockets on Aave!🚨Banks Incoming!🔥Stani Kulechov INTERVIEW · The Paul Barron Crypto Show

• 0:05
  Speaker 1: Today we'll break down trad five banks versus D five banks.
• 0:08
  Speaker 1: That's right, it's going to be a big one. My
• 0:10
  Speaker 1: name is Paul Baron. Welcome back into the show. I
• 0:12
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• 0:29
  Speaker 1: It does help the show. Let's get into our first
• 0:31
  Speaker 1: clip today and this one is to really break down
• 0:34
  Speaker 1: the news of tokenized money markets. Coming in from Bnymelow,
• 0:38
  Speaker 1: which is one of the biggest holders out there. Take
• 0:41
  Speaker 1: a look yet more signs of crypto going mainstream. Goldman
• 0:45
  Speaker 1: and Bank of New York Mellon announcing today they are
• 0:47
  Speaker 1: teaming up for a tokenized money product.
• 0:50
  Speaker 2: They're going to try and transform the money market industry,
• 0:53
  Speaker 2: which is seven trillion dollars. Soon the clients of BNY,
• 0:57
  Speaker 2: which is in fact the world's largest custody and the
• 1:00
  Speaker 2: money market funds ownership will be recorded on Goldman's blockchain.
• 1:05
  Speaker 3: But what stable coins can't do and they don't do,
• 1:08
  Speaker 3: is actually offer a yield. And so it's essentially taking
• 1:11
  Speaker 3: the money market, you know industry, which is seven point
• 1:14
  Speaker 3: one trillion, bringing to the blockchain and making it transferable
• 1:17
  Speaker 3: in a way.
• 1:18
  Speaker 4: Help me understand this. How is this then different than
• 1:22
  Speaker 4: a dollar? Well? What?
• 1:23
  Speaker 1: What?
• 1:23
  Speaker 4: What is this? Why do we need this? I'm still
• 1:26
  Speaker 4: I know, I'm.
• 1:26
  Speaker 3: Dense, I'm struggling, which it's good to talk about, right,
• 1:29
  Speaker 3: And so.
• 1:29
  Speaker 4: How are they get any yield? They're buying short, they're buying.
• 1:32
  Speaker 2: Well, it's just a money market.
• 1:33
  Speaker 3: You've got money markets when you're in you know, so
• 1:35
  Speaker 3: the yield's going to be like one cent infinitesimal effective.
• 1:38
  Speaker 3: I'm getting close to three point eight four percent.
• 1:40
  Speaker 4: You can do that? Yeah, all right.
• 1:41
  Speaker 1: So, as you can see, there's a little bit of
• 1:42
  Speaker 1: confusion in the traditional markets of really understanding how tokenized
• 1:46
  Speaker 1: money markets might play out. If you look at the
• 1:49
  Speaker 1: counterbalance of that in the DeFi ecosystem, one of them,
• 1:52
  Speaker 1: of course being AVE. This is just showing the amount
• 1:55
  Speaker 1: of growth that AVE has hand had over just the
• 1:58
  Speaker 1: near term, and it continues to sky. So we're seeing
• 2:01
  Speaker 1: a lot of move here, and if you think about
• 2:03
  Speaker 1: where this could go, take a look at this tweet
• 2:07
  Speaker 1: right here, because this gets into AVE versus banks and
• 2:10
  Speaker 1: a good example of how fast. In fact, I think
• 2:12
  Speaker 1: they've already flipped a handful of those banks already in
• 2:15
  Speaker 1: terms of what their deposits are in comparison. And I
• 2:18
  Speaker 1: think this is kind of the next generation of where
• 2:22
  Speaker 1: maybe DeFi will start to have some activity around things,
• 2:25
  Speaker 1: just like in a competitive nature with money market. So
• 2:28
  Speaker 1: we're going to break into all that, of course with
• 2:30
  Speaker 1: the founder of AVE, and of course that is Standiy
• 2:33
  Speaker 1: Kuloachov coming in. How are you Stanny?
• 2:35
  Speaker 4: Really good? I'm really good, How are you excellent? Excellent?
• 2:37
  Speaker 1: Great to have you on the show. So obviously we
• 2:39
  Speaker 1: want to get into a lot of details here. Before
• 2:42
  Speaker 1: we get too far into this, I want to show
• 2:44
  Speaker 1: you a tweet that BTCS is doing and they were
• 2:49
  Speaker 1: explaining how they were using AVE and maybe you can
• 2:52
  Speaker 1: kind of give me an analysis of this. But Charles
• 2:55
  Speaker 1: was talking about this using AVE for leverage ethyields. So
• 2:59
  Speaker 1: he was depositing steaked eth getting about three percent apy
• 3:02
  Speaker 1: about three million a year based on one hundred million
• 3:05
  Speaker 1: he was borrowing USDT at five percent, coming in on
• 3:09
  Speaker 1: that at about a million and a half, and then
• 3:11
  Speaker 1: of course buying eight with USDT that was staked and
• 3:15
  Speaker 1: you're getting that at four percent. So explain to me
• 3:18
  Speaker 1: how companies like these strategic eth reserve companies like btcs
• 3:24
  Speaker 1: and others are doing this kind of transaction today on AVE.
• 3:27
  Speaker 4: Yeah, what's fundamental here is that this type of strategy
• 3:31
  Speaker 4: has been available on chain, so in DeFi where you
• 3:35
  Speaker 4: can go into all the supply let's say EAT or
• 3:39
  Speaker 4: liquid staked EAT, so it token that is already a
• 3:43
  Speaker 4: portion of steaked its in a DeFi protocol and then
• 3:48
  Speaker 4: borrow from the AVI protocol to effectively buy more staked
• 3:56
  Speaker 4: it and reposit redeposit into ALBA. So what happens is
• 4:00
  Speaker 4: that you create a more leverage into your position. And
• 4:06
  Speaker 4: I think the significance here is that now there's actually
• 4:10
  Speaker 4: a Nasdaq listed treasury company doing these type of exposure,
• 4:17
  Speaker 4: which makes it really interesting because they're first time using
• 4:21
  Speaker 4: DeFi and this is what makes it very fascinating.
• 4:24
  Speaker 1: So why would we not see more traditional firms starting
• 4:28
  Speaker 1: to go this route utilizing something like a DeFi protocol
• 4:31
  Speaker 1: like AVE. You know, obviously Charles is doing that over
• 4:34
  Speaker 1: on BTCS. We've had him on the show before. We
• 4:37
  Speaker 1: explained a little bit about how this really starts to
• 4:40
  Speaker 1: accelerate a flywheel effect on reinvesting, especially in an up market.
• 4:45
  Speaker 1: Right now, what do you think is holding back other
• 4:47
  Speaker 1: companies from jumping all in on this?
• 4:49
  Speaker 4: I think definitely Charles and his team are early adopters
• 4:53
  Speaker 4: here from the institutional standpoint. So DeFi existed now over
• 4:58
  Speaker 4: seven years, that's how long I've in building in the space,
• 5:01
  Speaker 4: and other has tremendous track record, heading over fifty five
• 5:06
  Speaker 4: billion of net deposits within the protocol, and all that
• 5:11
  Speaker 4: value is essentially transparently accessible. Anyone can audit it at
• 5:15
  Speaker 4: any single second. You can quantify the whole risk exposure
• 5:20
  Speaker 4: of AV and whole defile. So it is a faster,
• 5:24
  Speaker 4: a better, faster, stronger finance compared to these more centralized
• 5:29
  Speaker 4: businesses that offer the same service. So I think it's
• 5:33
  Speaker 4: a more of a question of time when we are
• 5:35
  Speaker 4: starting to see even more companies and institutions using DeFi
• 5:40
  Speaker 4: in the same way. And I think one reason why
• 5:44
  Speaker 4: these companies are going towards AV is because there is
• 5:48
  Speaker 4: that amount of liquidity where you can actually deposits billion's
• 5:52
  Speaker 4: words of EAT and borrow in one transaction over billion
• 5:57
  Speaker 4: words of stable coins to actually buy more EAT. So
• 6:00
  Speaker 4: it's the only place where you can actually do it
• 6:02
  Speaker 4: in scale and also programmatically and fast.
• 6:06
  Speaker 1: Yeah, fasten, that's the key point. What about Okay, So
• 6:09
  Speaker 1: with all these companies announcing acquisition of EAT, are we
• 6:13
  Speaker 1: in for potentially a supply shock right now or a
• 6:16
  Speaker 1: demand shock? I guess if you see some of these
• 6:19
  Speaker 1: EAT treasury companies starting to compound their strategies like this,
• 6:23
  Speaker 1: what are your thoughts on that?
• 6:24
  Speaker 4: Yeah? I do think there's a lot of demand at
• 6:26
  Speaker 4: the moment and a lot of treasury companies going for
• 6:28
  Speaker 4: this particular strategy. And obviously it doesn't mean that it
• 6:33
  Speaker 4: will run out. It might mean that the price of
• 6:38
  Speaker 4: it might appreciate towards that demand. We've seen a lot
• 6:42
  Speaker 4: of liquidity moments in all at the moment and specifically
• 6:48
  Speaker 4: on it, so there's some sort of additional demand at
• 6:51
  Speaker 4: the moment. So I do think that will definitely affect
• 6:55
  Speaker 4: And it is in an interesting place because it is
• 6:59
  Speaker 4: an asset that has fundamentals very widely distributed, but also
• 7:05
  Speaker 4: effectively it's protecting and securing a kind of decentralized computer
• 7:11
  Speaker 4: where protocols like AVE for example, exist and all that
• 7:15
  Speaker 4: value is secured by it. So it is there are
• 7:19
  Speaker 4: reasons why this is happening at the moment for it
• 7:23
  Speaker 4: as an asset, Well.
• 7:24
  Speaker 1: I would I would assume start to create more impact
• 7:27
  Speaker 1: on the yield rates. So could we see rates starting
• 7:30
  Speaker 1: to even increase as we see this flywheel effect take place?
• 7:34
  Speaker 4: Yeah, Typically the supply rate for it on AVA has
• 7:37
  Speaker 4: been roughly in a bit over two percent. We've seen
• 7:42
  Speaker 4: that rate even to spike momentarily up to even nine
• 7:48
  Speaker 4: to twelve percent on AVE just earning yield on supplying ethereum,
• 7:55
  Speaker 4: we've seen those treets coming down back to four percent.
• 7:57
  Speaker 4: So I assume that we're going to be on somewhere
• 8:01
  Speaker 4: closer to three to four as long as there's a
• 8:05
  Speaker 4: similar demand going on.
• 8:07
  Speaker 1: Yeah, that's well, that's significant case because obviously you're going
• 8:11
  Speaker 1: to compare this in many cases there's a lot of
• 8:13
  Speaker 1: money market money setting on the sidelines. People are looking
• 8:16
  Speaker 1: that in comparison, you look at how this could go
• 8:19
  Speaker 1: into an accelerating asset and also seeing yield come into it.
• 8:22
  Speaker 1: So a very interesting time coming ahead in terms of DeFi.
• 8:26
  Speaker 1: I want to go to this post right here. This
• 8:28
  Speaker 1: was an interview you had and you were talking here
• 8:32
  Speaker 1: about the US pushing ahead really in leading this maybe
• 8:36
  Speaker 1: not only crypto, but also the DeFi policy that's starting
• 8:39
  Speaker 1: to take place. How much of an impact do you
• 8:41
  Speaker 1: think this is going to have on DeFi in general.
• 8:43
  Speaker 4: Look, Paul, I think it has a major impacts. I
• 8:46
  Speaker 4: think the Genius Act has been really beneficial for crypto
• 8:52
  Speaker 4: specifically because it takes one category of assets, namely these
• 8:57
  Speaker 4: stable coins, and actually legitimizes them as a potential use
• 9:04
  Speaker 4: case not just for traditional banks or asset managers, but
• 9:08
  Speaker 4: also for fintech companies that could leverage stable coins in
• 9:12
  Speaker 4: payments or getting actually yield, but all the way to
• 9:17
  Speaker 4: big tech companies e commerce. And one beneficial aspect FORI
• 9:23
  Speaker 4: for stable coins is that stable coins are the only
• 9:25
  Speaker 4: way to access DeFi yields. So that's why it plays
• 9:29
  Speaker 4: a really important role. And now with the market structure
• 9:32
  Speaker 4: built in front of US, I think we are entering
• 9:37
  Speaker 4: into a space where there's more regularly clarity around the
• 9:42
  Speaker 4: rules of operating in the crypto space and blockchain in general,
• 9:48
  Speaker 4: and this will create a lot of influx. So I'm
• 9:51
  Speaker 4: actually very excited about the times we're living at the
• 9:55
  Speaker 4: moment because being here building for seven years and wanting
• 9:59
  Speaker 4: to see more regulatory clarity and then finally there's actual regulation.
• 10:04
  Speaker 4: So I think US has been done an excellent job
• 10:07
  Speaker 4: on highlighting how important crypto it is and how much
• 10:10
  Speaker 4: it can actually bring a lot of value into the economy.
• 10:14
  Speaker 4: And one of the biggest actually buyers of treasure bills
• 10:18
  Speaker 4: are these stable coin issues, So it is that significant
• 10:23
  Speaker 4: and relevant for the economy as well well.
• 10:26
  Speaker 1: And many people, I think are even underscoring the potential
• 10:30
  Speaker 1: impact this could have because this could be literally multi
• 10:33
  Speaker 1: trillions starting to come into the market, especially around what
• 10:37
  Speaker 1: we'll see not with market structure, but even with stable coins.
• 10:40
  Speaker 1: I think stable coin is still undervalued. Many people are
• 10:43
  Speaker 1: pointing at like two to three trillion. I think it
• 10:45
  Speaker 1: could be well in excess of that in terms of exposure,
• 10:49
  Speaker 1: which is only going to give opportunity to platforms like
• 10:52
  Speaker 1: what you guys are doing. Speaking of stable coins, I
• 10:55
  Speaker 1: want to jump over to Gho, which is obviously one
• 10:58
  Speaker 1: of your products out there. This is a stable coin.
• 11:01
  Speaker 1: Explain to me how AVE is using ga Joe, what
• 11:05
  Speaker 1: is its use case. Give me an example.
• 11:08
  Speaker 4: The way we actually created GO was that borrowers in
• 11:12
  Speaker 4: the AVE protocol they typically have variable interest rates, so
• 11:17
  Speaker 4: the interest rate curves are based on supply and demand,
• 11:20
  Speaker 4: and that ensures that there's always liquidity. So if someone
• 11:23
  Speaker 4: borrows all the liquidity out of the protocol, the rates
• 11:26
  Speaker 4: will spike and new liquidity will come in. If someone
• 11:29
  Speaker 4: with draws rates will spike, new liquidity will enter, and
• 11:34
  Speaker 4: in many cases, programmatically, now we GO. The idea was
• 11:38
  Speaker 4: that we provide actually for these borrowers more predictable boring
• 11:44
  Speaker 4: costs by setting borrower rates based on governance decisions by
• 11:49
  Speaker 4: the AVIADAO, and that effectively was how GO was created.
• 11:56
  Speaker 4: But what is interesting about GO is that the backing
• 11:59
  Speaker 4: itself GO is backed by these decentralized coladals. Essentially these
• 12:05
  Speaker 4: positions that the av users are using their assets as
• 12:09
  Speaker 4: a coladal when they're boring GO. So GO is more
• 12:12
  Speaker 4: of the resilient stable point side of of the of
• 12:15
  Speaker 4: the whole stable point spectrum. And now why it's important
• 12:19
  Speaker 4: for the AVADAO as a kind of business line is
• 12:23
  Speaker 4: because one hundred million UH borrowed GO is creating the
• 12:29
  Speaker 4: same amount of revenue as for example, one billion word
• 12:33
  Speaker 4: of us DC for the Alba dao, So that has
• 12:37
  Speaker 4: a really high multiplier because there is no LPs on
• 12:42
  Speaker 4: on that boring uh transaction essentially, so it is a
• 12:46
  Speaker 4: really strong business line for the for the AVADAO, and
• 12:50
  Speaker 4: that's quite important.
• 12:51
  Speaker 1: Let's get into another area that is potentially going to
• 12:55
  Speaker 1: gain exposure within AVE. One, of course is tokenized assets.
• 12:59
  Speaker 1: So this is you talking about how this could unlock
• 13:03
  Speaker 1: ten x efficiency in DeFi explain a little bit about that.
• 13:07
  Speaker 1: How is this not only in tokenized assets but also ETFs,
• 13:11
  Speaker 1: etcetera that could start to make their way onto.
• 13:13
  Speaker 4: Av Yeah, I find token as assets quite fascinating because effectively,
• 13:18
  Speaker 4: once you bring them on chain, there as a sort
• 13:20
  Speaker 4: of benefits there because you start accessing the DeFi infrastructure.
• 13:25
  Speaker 4: So for example, within the AVA ecosystem, we use the
• 13:30
  Speaker 4: av productol for native crypt asets, so colutalizing Bitcoin, colutalizing
• 13:36
  Speaker 4: etheridium to borrow stable coins. But at the same time,
• 13:39
  Speaker 4: the same infrastructure could be used to cater more traditional
• 13:44
  Speaker 4: assets that are existing on chain. So for example, that
• 13:47
  Speaker 4: might be black Rocks Biddle money market fund that can
• 13:50
  Speaker 4: be in the future, Let's say a s P five
• 13:54
  Speaker 4: hundreds and any types of aset that even go higher
• 13:57
  Speaker 4: on the risk curve or in volatility. And when you're
• 14:01
  Speaker 4: using a DeFi infrastructure, it means that you can actually
• 14:05
  Speaker 4: have a better access to liquidity. So typically someone who
• 14:08
  Speaker 4: wants to borrow against their assets, in the traditional world,
• 14:12
  Speaker 4: you're limited to certain opening hours and limitations also on weekends,
• 14:19
  Speaker 4: limitations of how much you can borrow against. You are
• 14:23
  Speaker 4: in a very limited world. But on chain you have
• 14:27
  Speaker 4: a bit more flexibility. You can access to the liquidity
• 14:30
  Speaker 4: on twenty four to seven basis by borrowing against you
• 14:34
  Speaker 4: might have better actually borrowing power against your assets. So
• 14:39
  Speaker 4: this is kind of like an open infrastructure and open
• 14:42
  Speaker 4: playing field introduces more flexibility, more competition, and also transparency
• 14:48
  Speaker 4: over your assets. And I think that's why I am
• 14:51
  Speaker 4: very polish using token as assets to borrow against within DeFi.
• 14:57
  Speaker 1: This is going to be huge because if you look
• 14:59
  Speaker 1: at is what robin Hood strategy has been obviously launching
• 15:02
  Speaker 1: tokenized assets. They did that in cans here recently. This
• 15:06
  Speaker 1: was an interesting tweet out there talking about whether or
• 15:09
  Speaker 1: not Robinhood would use AVE and this of course obviously
• 15:12
  Speaker 1: using ARBITR and we talked about this on the show before,
• 15:15
  Speaker 1: but Stanny would why would Robinhood not use AVE?
• 15:19
  Speaker 4: Yeah, I have the same question, and I think that's
• 15:22
  Speaker 4: a really important infrastructure to be honest. Down the line,
• 15:26
  Speaker 4: AVE is already really well applicable to native crypto assets,
• 15:32
  Speaker 4: and with the horizon, it's going to be very applicable
• 15:34
  Speaker 4: for traditional assets. So it's a question of time when
• 15:38
  Speaker 4: FinTechs are gonna basically integrate AVE into their infrastructure to
• 15:44
  Speaker 4: allow this kind of benefit for the users. So AVE
• 15:48
  Speaker 4: kind of becomes a backbone for all of the finance
• 15:51
  Speaker 4: and in some ways a defive mullet. So you basically
• 15:55
  Speaker 4: have a fintech or traditional kind of like an open
• 16:00
  Speaker 4: later running a business in a centralized way, but in
• 16:02
  Speaker 4: the back end they have this of a infrastructure as
• 16:07
  Speaker 4: as as automatizing the transactions, ensuring the safety, the best execution.
• 16:14
  Speaker 4: And this is actually why AVA has grown so much,
• 16:17
  Speaker 4: because the centralized finance in the earlier generations when it
• 16:22
  Speaker 4: comes to crypto back loans and so forth, they really
• 16:26
  Speaker 4: failed on these risk mitigation tools and their risk management
• 16:30
  Speaker 4: and transparency, and that's why a lot of virtually all
• 16:35
  Speaker 4: of the lending moved to own chain and has been
• 16:39
  Speaker 4: able to capture a lot of that market share and
• 16:42
  Speaker 4: become a leader.
• 16:43
  Speaker 1: Yeah, this just seems like a no brainer to me
• 16:46
  Speaker 1: for someone like a Robinhood to go in this direction,
• 16:48
  Speaker 1: and probably others, you know, most likely because we will
• 16:51
  Speaker 1: see to your point, is fintech starting to leverage against
• 16:54
  Speaker 1: this as tokenized assets start to really play another market.
• 16:58
  Speaker 1: I'm looking at the chains now on AVE and if
• 17:02
  Speaker 1: you look at the comparison, you're the biggest DAVE chain
• 17:04
  Speaker 1: in twenty twenty five, and I'll kind of showcase. Obviously
• 17:07
  Speaker 1: there's arbitrum right now, but there's also a base and
• 17:10
  Speaker 1: avalanche in here as well, both of which have been
• 17:13
  Speaker 1: growing exponentially based of course very active in terms of growth.
• 17:19
  Speaker 1: Prediction wise, which do you think is going to be
• 17:21
  Speaker 1: the biggest chain on ave by end of year? What
• 17:25
  Speaker 1: are your thoughts there?
• 17:26
  Speaker 4: I have two kind of thought predictions. I do believe
• 17:29
  Speaker 4: that main net will keep growing and that's where a
• 17:32
  Speaker 4: lot of the liquidity will exist. But I'm extremely bullish
• 17:36
  Speaker 4: on arbitrum. I find it kind of like a really
• 17:40
  Speaker 4: neutral playground for a lot of the defive participants. There's
• 17:45
  Speaker 4: obviously the robin Hood chain coming into that arbitrum ecosystem,
• 17:49
  Speaker 4: so I'm super excited to see more growth there. I
• 17:54
  Speaker 4: do see also that Alba will grow on base, and
• 17:58
  Speaker 4: we also recently built a non IDM version of of
• 18:03
  Speaker 4: a in the move language that is going to be
• 18:06
  Speaker 4: deployed on updos. It's important that actually defy exists everywhere
• 18:11
  Speaker 4: because it should be able to power any types of
• 18:13
  Speaker 4: use cases that exist on chain effectively.
• 18:18
  Speaker 1: I'm looking at your Merit rewards. Explain how this works.
• 18:23
  Speaker 4: Yeah, I mean Merit is kind of a simple rewards program.
• 18:27
  Speaker 4: So typically when you supply assets into the protocol, you
• 18:30
  Speaker 4: earn a certain type of a rate. So Merit is
• 18:34
  Speaker 4: kind of like a rewards program that is built on
• 18:38
  Speaker 4: top of the of a protocol, so when you do
• 18:40
  Speaker 4: certain types of actions, you basically earn additional yield. And
• 18:47
  Speaker 4: these different campaigns, they depend on their different goals. They
• 18:50
  Speaker 4: might be in most cases purely external incentive programs offered
• 18:55
  Speaker 4: by stable coin issuers or third parties, or more natively,
• 19:01
  Speaker 4: by the network itself. It's actually quite quite a well
• 19:05
  Speaker 4: working program at the moment.
• 19:06
  Speaker 1: Yeah, I like it, And of course we haven't seen
• 19:10
  Speaker 1: a lot of innovation in that area outside of what
• 19:13
  Speaker 1: you guys have been able to do, so, kudos on
• 19:15
  Speaker 1: your side. Also looking at your family of products, you know,
• 19:19
  Speaker 1: many of you guys will probably recognize av Labs of course,
• 19:22
  Speaker 1: but you may not know about family the wallet, there's
• 19:24
  Speaker 1: a lens protocol and of course go the stable coin.
• 19:28
  Speaker 1: Can you give us any updates to watch out for
• 19:30
  Speaker 1: coming up?
• 19:31
  Speaker 4: Yeah, A lot of actually development is happening on the
• 19:34
  Speaker 4: overside in the sense that we're building the a av
• 19:38
  Speaker 4: four which is a completely next generation lending protocol that
• 19:43
  Speaker 4: focuses on kind of like being able to create different
• 19:46
  Speaker 4: princip pro files while maintaining capital efficiency and appointing liquidity segregation.
• 19:51
  Speaker 4: So AVIV four is going to be a big thing
• 19:54
  Speaker 4: for us, and we're going to launch a new application
• 19:57
  Speaker 4: and new interface that comes with the with the launch itself.
• 20:02
  Speaker 4: Horizon is another project that we are going to launch
• 20:06
  Speaker 4: very soon, and that's essentially where you can use our
• 20:10
  Speaker 4: debuts as a kladal to borrow stable points. So we're
• 20:14
  Speaker 4: super excited about that aspect, quite a lot. So there's
• 20:18
  Speaker 4: a lot to come from from from kind of like
• 20:21
  Speaker 4: overall from our and overlaps.
• 20:23
  Speaker 1: It's it's exciting times, that's for sure. You think about
• 20:27
  Speaker 1: the two biggest I feel like the two biggest liquidity
• 20:29
  Speaker 1: pools out there when you look at community and opportunity
• 20:33
  Speaker 1: is going to be x RP and also Solana. What
• 20:36
  Speaker 1: is the likelihood of having XRP and Solana within the
• 20:39
  Speaker 1: AVE ecosystem.
• 20:40
  Speaker 4: I think they will come in different wrap forms, wrapping
• 20:45
  Speaker 4: these assets in having them on EVM. That's the kind
• 20:48
  Speaker 4: of like a short term I would say paths, but
• 20:51
  Speaker 4: I would like to see as part of my kind
• 20:54
  Speaker 4: of idea of having AVE everywhere, seeing AVE also down
• 20:58
  Speaker 4: the line on Solana and in the Ripple ecosystem. And
• 21:02
  Speaker 4: I think AVE already has the biggest pull for our USD,
• 21:09
  Speaker 4: so that's has been a really significant accomplishment.
• 21:13
  Speaker 1: Yeah, I'm looking forward to that because I think that
• 21:15
  Speaker 1: is alone would probably u supercharge what you guys are
• 21:18
  Speaker 1: doing in terms of just exposure because the amount of
• 21:21
  Speaker 1: carry along assets because many of whether it's Ripple or
• 21:25
  Speaker 1: XRP holders and even Salanta holders, they have so much
• 21:28
  Speaker 1: exposure to most of the crypto ecosystems, so they're already
• 21:30
  Speaker 1: probably within the network. So definitely going to be something
• 21:35
  Speaker 1: to watch very close. I'm very excited about your new
• 21:37
  Speaker 1: products so especially on RBA's because that's something I think
• 21:40
  Speaker 1: that would be pretty exciting for what could happen with
• 21:45
  Speaker 1: Ave in the future. All Ristanni, Hey, listen, it was
• 21:47
  Speaker 1: great having you on the show today. Thank you so
• 21:49
  Speaker 1: much for coming in on such short notice. With everything
• 21:51
  Speaker 1: happening in D five is perfect timing, so thanks again
• 21:54
  Speaker 1: for stopping it.
• 21:55
  Speaker 4: Thank you so much for having me here. Paul.
• 21:57
  Speaker 1: So you guys are not in the Diamond Circle. That's
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• 22:01
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• 22:05
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• 22:06
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• 22:09
  Speaker 1: on x at Paul Baron. We'll catch you next time
• 22:11
  Speaker 1: right here on the Paul Baron Show.
• 22:14
  Speaker 2: Thank