Latest / The Paul Barron Crypto Show / The Ultimate DEX on Avalanche🔥Dexalot INTERVIEW🔺

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The Ultimate DEX on Avalanche🔥Dexalot INTERVIEW🔺 · The Paul Barron Crypto Show

0:05
Speaker 1: My name is Paul Barre. Welcome back in the tech path.
0:08
Speaker 1: Let's go into it today, and I do want to
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Speaker 1: us out, all right. So let's get into a few
0:40
Speaker 1: points today. They we're going to kind of have a
0:42
Speaker 1: little bit of a dex battle and what is the
0:45
Speaker 1: ultimate dex What you have to look at the titan
0:48
Speaker 1: out there, and then of course is nice Swap Uni
0:51
Speaker 1: Swap setting at almost twenty seven billion in volume right there,
0:54
Speaker 1: and of course their overall total volume right there three
0:58
Speaker 1: billion sowap everybody. I understands that very flexible, lots of chains.
1:02
Speaker 1: Everybody's probably used it. If you're on Salana, then you're
1:05
Speaker 1: most likely using something like Jupiter. Jupiter also another very
1:10
Speaker 1: popular decks for trading all coins, memes, you name it,
1:14
Speaker 1: one of the best out there. And of course both
1:16
Speaker 1: of these have really slick apps. Then you've got Seatus.
1:19
Speaker 1: If you are in the Suite network, this is the
1:21
Speaker 1: one for you. And of course sweeen not as large,
1:24
Speaker 1: but it definitely has some activity going over there, with
1:27
Speaker 1: total value lock right about one ninety five and trading
1:30
Speaker 1: volume about one hundred and thirty one million. So with
1:33
Speaker 1: all that, I wanted to kind of take a look
1:36
Speaker 1: at the other big one in the in the pack,
1:39
Speaker 1: and that of course is dex a lot, dex a
1:41
Speaker 1: lot right here. And the interesting thing here if you
1:43
Speaker 1: look at the twenty four hour volume, about one hundred
1:45
Speaker 1: and eighty six million. So to me, I look at
1:48
Speaker 1: this and say, oh wow, this is the one that
1:50
Speaker 1: might have some opportunity. So we wanted to invite their
1:54
Speaker 1: head of strategy onto the show. Let's get him in.
1:59
Speaker 2: How's it going, hey, Paul, thank you so much for
2:01
Speaker 2: having me. It's going really well, super excited to be here.
2:05
Speaker 1: So listen, I'm going to learn a lot about what's
2:08
Speaker 1: happening within the dexalot ecosystem. One of the things I
2:12
Speaker 1: want to kind of compare to if you look at
2:13
Speaker 1: the top ten chains and then you kind of compare
2:17
Speaker 1: the overall volume dex A loots holding their own down
2:22
Speaker 1: there at number eleven. So I was very impressive because
2:24
Speaker 1: most of these are chains. I mean, these are not DEXes.
2:27
Speaker 1: These are chains, so that in itself. Now, granted, there
2:30
Speaker 1: is a big difference there once you fall outside the
2:33
Speaker 1: chains themselves, but the big advantage here, I think is
2:36
Speaker 1: the fact that there's a big appetite for this. Tell
2:40
Speaker 1: me a little about what you guys are trying to do,
2:42
Speaker 1: give me a little bit about your overview and some goals.
2:45
Speaker 2: That absolutely after absolutely. First of all, thank you so
2:48
Speaker 2: much for having on the show. I'm a big fan,
2:50
Speaker 2: super excited to be here. So dex a Lot, as
2:53
Speaker 2: you correctly pointed out, is a standalone liquidity network. Okay,
2:58
Speaker 2: the best way to think about it is, and you know,
3:00
Speaker 2: I'm going to give you a cliche one liner. We
3:02
Speaker 2: are the liquidity layer for the world, and that's the intention. Right,
3:06
Speaker 2: We're a big believer in multichain future. We're a big
3:09
Speaker 2: believer in applications specific networks. If you put these two together,
3:14
Speaker 2: we are a liquidity and trading specific network designed to
3:20
Speaker 2: be the most capital efficient offering that can serve that
3:24
Speaker 2: liquidity out to any other networks as well. Now, one
3:26
Speaker 2: thing I'm going to tell you about what you just showed.
3:29
Speaker 2: Those chains that you showed have a little bit of
3:33
Speaker 2: additional volume that they're recording because of the liquidity that
3:36
Speaker 2: we serve out to them. Okay, right, And you know,
3:41
Speaker 2: we ourselves have a liquidity layer that produces volume, but
3:44
Speaker 2: we also serve the liquidity which translates as additional volume
3:47
Speaker 2: to those networks as well.
3:49
Speaker 1: I'm looking at this list right here, and I see
3:52
Speaker 1: this capital efficiency category and if you look at dex
3:57
Speaker 1: a lot, you guys are right there as one of
4:00
Speaker 1: the most capital efficient within it. And first of all,
4:04
Speaker 1: explain capital efficiency to me, how does that apply to
4:08
Speaker 1: a DEX.
4:09
Speaker 2: Yes, So the easiest way to think about capital efficiency
4:12
Speaker 2: is for you and me as an end user to
4:16
Speaker 2: get a good price for a certain amount of trade
4:20
Speaker 2: size that I want to do. How much capital does
4:23
Speaker 2: the exchange or the underlying solution need to have. Okay, okay,
4:28
Speaker 2: there are multiple types of exchanges. As you know, AMMS
4:32
Speaker 2: as was invented by UNISWAP, very prominent solution and originally
4:37
Speaker 2: it was created to solve a protocol lever problem. And
4:41
Speaker 2: obviously in the capital markets we have the central limit
4:44
Speaker 2: or style exchanges. Capital efficiency in the context of these
4:49
Speaker 2: two different types means that one exchange, the AMM style
4:54
Speaker 2: exchanges need a lot more capital to produce the same price,
4:59
Speaker 2: and central order book style exchanges need a lot less capital,
5:02
Speaker 2: I'll by a little bit more technical capability to produce
5:05
Speaker 2: the exact same price. Okay, Now set set simply, Uh,
5:11
Speaker 2: you need a billion dollars to produce a tight price
5:14
Speaker 2: on an AMM. You need five million dollars in the
5:17
Speaker 2: case of dex a lot to produce a better price
5:19
Speaker 2: at a better depth in the case of DEXOL.
5:22
Speaker 1: All right, So you just explained the efficiency and also
5:25
Speaker 1: kind of the the clob which everybody kind of refers
5:27
Speaker 1: to it. But the question I have is when you
5:30
Speaker 1: when you use dex a lot, I guess this is
5:32
Speaker 1: more of a user Uh. I won't call it restriction,
5:35
Speaker 1: but it's it's a different way of doing it. You
5:37
Speaker 1: go to uniswap. It's connecting to wallets. You know, you've
5:40
Speaker 1: got that flexibility here with dex a lot. Now I've
5:44
Speaker 1: got a deposit funds which is a little bit of
5:46
Speaker 1: a different loophole and hurdle that I've got to so
5:49
Speaker 1: explain why that is and is there any plan to
5:52
Speaker 1: train change that?
5:54
Speaker 2: Absolutely so. Dexcel it actually has two core products. Core
5:57
Speaker 2: product number one is exactly what you're describing. It's the
6:00
Speaker 2: central limited order book, where the user experience admittedly is worse,
6:04
Speaker 2: but it's equivalent to what centralized exchanges have. You have
6:08
Speaker 2: a wallet, you have assets, you deposit it to a
6:11
Speaker 2: smart contract, Unlike centralized exchanges, positive to a smart contract,
6:16
Speaker 2: and that smart contract allows you to enter, buy and
6:19
Speaker 2: sell orders. It is a lot more capital efficient, It
6:22
Speaker 2: is a lot more compatible for market makers who provide
6:25
Speaker 2: the liquidity, but as you said, much worse ux We
6:29
Speaker 2: recognize this quite early. We have a second core product
6:32
Speaker 2: called simple Swap, which essentially eliminates the user's need to
6:37
Speaker 2: go through that deposit, wait for it to deposit and
6:40
Speaker 2: to orders user experience and mimic the exact user experience
6:44
Speaker 2: that uniswap invented, which is a click and trade experience,
6:49
Speaker 2: So we have that capability today. The difference versus an
6:52
Speaker 2: AMM is you trade directly against the liquidity we have
6:57
Speaker 2: in the club with a single click, without ever needing
7:00
Speaker 2: to know about our network, without ever needing to know
7:02
Speaker 2: about bridges, and everything is atomic. You click, you trade,
7:06
Speaker 2: you're done. So we provide that capability as well, and
7:09
Speaker 2: it is very important to acquire users, as you correctly
7:11
Speaker 2: point it.
7:12
Speaker 1: Out, So I think a lot of people are trying
7:15
Speaker 1: to understand because DEXes, of course play a huge role
7:18
Speaker 1: in these alt coin heated markets, everything from meme tokens
7:23
Speaker 1: to even if you're trying to just move within an ecosystem,
7:26
Speaker 1: like you know, if you look at what's happening on
7:28
Speaker 1: Suie or what's happening on Salana, what's happening on Base,
7:32
Speaker 1: all of those have very efficient models for the more
7:35
Speaker 1: active trader and also for a lot of new people
7:38
Speaker 1: who are maybe going into a decentralized exchange for the
7:40
Speaker 1: very first time, you know, and don't really completely understand
7:43
Speaker 1: the difference. But of course Avalanche has really been able
7:47
Speaker 1: to get a lot of ground under it in terms
7:49
Speaker 1: of development there of course, the new l ones within
7:53
Speaker 1: the Avalanche ecosystem subnets. Many people refer to them, but
7:56
Speaker 1: essentially you get a whole bunch of chains that we'll
7:58
Speaker 1: be able to apply to what's happening over on dex
8:01
Speaker 1: a lot. I'm looking at supported networks Avalanche of course
8:05
Speaker 1: right there on top arbitrum base. What is the likelihood
8:09
Speaker 1: of us seeing more supported networks here and how long?
8:14
Speaker 2: Extremely high. I will tell you this. You pointed out Avalanche, right.
8:18
Speaker 2: Avalanche is the underlying technology that we use. But as
8:21
Speaker 2: I said earlier, we're a big believer in the multichain future.
8:24
Speaker 2: So the short answer is you're going to see a
8:26
Speaker 2: lot more networks there. A very simple example. I will
8:30
Speaker 2: not go out and officially name anything because you know
8:33
Speaker 2: some of these things aren't released, but imagine big games
8:37
Speaker 2: launching on their own networks. They are game specific networks
8:42
Speaker 2: that will exist, but they're token. Their underlying economy will
8:46
Speaker 2: still need liquidity. Our architecture allows us to directly integrate
8:51
Speaker 2: their token or even their product, or we allow our
8:55
Speaker 2: tech to be integrated directly into them because we're a
8:58
Speaker 2: standalone network that can directly go out. Like I said,
9:01
Speaker 2: we serve the liquidity out to them, okay separately, separately
9:05
Speaker 2: as you said, general purpose networks. You know, mon Ad
9:09
Speaker 2: is one we're interested in, Solana is one we're interested in.
9:11
Speaker 2: There's quite a number of new ones coming move so
9:14
Speaker 2: we're looking at all of these and you know, one
9:16
Speaker 2: of my co workers always say, we're targeting at least
9:18
Speaker 2: ten more in the next year, So let's put it
9:21
Speaker 2: that way.
9:21
Speaker 1: Well, I think the flexibility of that is going to
9:23
Speaker 1: make I mean, you look at just the expansion of
9:26
Speaker 1: what uniwap has been able to do. When they start
9:28
Speaker 1: adding on that flexibility and interoperability, it does expose the
9:32
Speaker 1: networks out there in terms of the number of players,
9:34
Speaker 1: but also regions around the world. I want to jump
9:37
Speaker 1: back because I forgot something that I wanted to hit on,
9:39
Speaker 1: and that's the DP incentives. When I'm looking at the
9:42
Speaker 1: dex Alot platform, You've got these zones within here, and
9:45
Speaker 1: this kind of shows you these DP incentives right here
9:48
Speaker 1: that I'm showing on screen. Let me kind of see
9:49
Speaker 1: if I zoom in on that a little bit for
9:51
Speaker 1: you guys, but if I hover over those, you'll be
9:54
Speaker 1: able to see some DP incentives. Explain that and why
9:58
Speaker 1: that works so unique with in the Dexalot system.
10:02
Speaker 2: Absolutely, and you literally hit the nail on the head
10:07
Speaker 2: tip or DEXOLO Incentive program is one of the key
10:10
Speaker 2: reasons as to you or our users or people seeing
10:14
Speaker 2: big growth in the dex al outside. Okay, now, going
10:17
Speaker 2: back to the AMM examples. Amms create incentives for people
10:21
Speaker 2: to bring in their capital and lock it within the system,
10:24
Speaker 2: and the system uses that capital to provide prices for
10:28
Speaker 2: people who need to do trading. In our case, we
10:32
Speaker 2: don't need to provide incentives to bring a lot of capital.
10:35
Speaker 2: Why because we're capital efficient, our market makers and our
10:39
Speaker 2: existing users have enough capital in the system that would
10:42
Speaker 2: allow for the same or better price to already exist. Therefore,
10:47
Speaker 2: the XO Lot Incentive program was designed to bring in
10:52
Speaker 2: liquidity rather than capital. There is a subtle difference, right
10:55
Speaker 2: what we want and that's the exact blue zone that
10:58
Speaker 2: you highlighted. What we want is people bringing in capital
11:03
Speaker 2: only within the zones where we know trading happens. Yeah,
11:08
Speaker 2: if you have capital that sits way outside, if you're
11:11
Speaker 2: trying to sell a box at one hundred bucks today,
11:14
Speaker 2: you know it's not liquidity that anybody can use. Right. However,
11:18
Speaker 2: having liquidity that is near the market is extremely valuable. Therefore,
11:22
Speaker 2: we created these dynamic bands within which if you provide liquidity,
11:27
Speaker 2: you receive incentives. These incentives are our own token emissions
11:31
Speaker 2: as well as our partner tooken emissions such as the
11:34
Speaker 2: Avalanche Avalanche Foundation or any projects that we would be
11:38
Speaker 2: listing in the future as well.
11:41
Speaker 1: So you've got a max limit a min limit. Yeah,
11:46
Speaker 1: go into that a little bit, because I'm sure a
11:47
Speaker 1: lot of people who have used X a lot they
11:49
Speaker 1: may not completely understand the benefits of this and what
11:52
Speaker 1: we're looking at on screen there, guys, it's kind of
11:54
Speaker 1: hard to see, but I want to show you. See
11:56
Speaker 1: that little almost glowing blue section. That's what he's reference
12:00
Speaker 1: right there is where these incentives occur both on the
12:03
Speaker 1: order book. So explain the max limit and the midlimit.
12:07
Speaker 1: How does that work?
12:08
Speaker 2: Okay, So think of it this way. Right, if you
12:11
Speaker 2: want to trade one dollar, it's easy to trade because
12:14
Speaker 2: you have a lot of capital already in the blue zone.
12:16
Speaker 2: But if you want to trade one hundred thousand dollars
12:19
Speaker 2: or a million dollars, now you have to clear many
12:23
Speaker 2: of those orders provided by other people, and your price
12:27
Speaker 2: is going to get gradually worse. What we want to
12:29
Speaker 2: do is we want to concentrate the most amount of
12:31
Speaker 2: liquidity for you to trade that large size near the
12:35
Speaker 2: mid price. The mid price is that green number in
12:38
Speaker 2: the middle on the lefts yeah, yeah. And the idea is,
12:42
Speaker 2: the closer the liquidity is to the fair market price
12:45
Speaker 2: of an asset, the more valuable it is. Right now,
12:49
Speaker 2: going into the formula a bit, and please hold me
12:51
Speaker 2: accountable if I'm becoming too technical. The idea is we
12:54
Speaker 2: will rank you on the amount of dollars or amount
12:57
Speaker 2: of tokens that you're going to place near that mid
13:00
Speaker 2: price the fair price. We're going to value you how
13:03
Speaker 2: long you stay there, and then we're going to value
13:07
Speaker 2: on how close you are, how long you stay, and
13:11
Speaker 2: how large the amount you're putting on is. So that's
13:14
Speaker 2: one ranking. Then we rank people on how much activity
13:18
Speaker 2: they do, I mean, how much trading they do. And
13:20
Speaker 2: then we have a small kicker for holding some of
13:22
Speaker 2: our tokens, which gives you overall ranking. Obviously, this ranking
13:26
Speaker 2: gets better if your liquidit equality is higher. You don't
13:29
Speaker 2: necessarily have to trade. If your liquidity is great, you
13:33
Speaker 2: still receive rewards, right and then at the end of
13:36
Speaker 2: the month, we rank everyone and we distribute incentives instead
13:39
Speaker 2: of bringing into right there you go exactly and that
13:43
Speaker 2: score you see is the formula that I tried to highlight.
13:47
Speaker 2: And then based on those scores, you receive a ranking
13:49
Speaker 2: and you receive a corresponding reward. This works quite well
13:53
Speaker 2: at less point I'll make before I see the stop.
13:56
Speaker 2: This works quite well because market makers are all formulae
14:00
Speaker 2: and systematic driven people, right They need to see a
14:05
Speaker 2: clear path to monetizing the service their providing, which is
14:09
Speaker 2: the liquidity. And then people who need to trade love
14:13
Speaker 2: this as well because one day trade they get a
14:15
Speaker 2: little bit of a rewards, plus they get this amazing
14:18
Speaker 2: incentivized liquidity, you know, that's concentrated for them, and it's
14:22
Speaker 2: continuously there to trade at the best possible price. And
14:25
Speaker 2: that's what's really driving one of the key factors driving
14:28
Speaker 2: our volume.
14:28
Speaker 1: Why have we not seen other deckses do this, because
14:31
Speaker 1: this is a very unique feature that I would think
14:33
Speaker 1: could be applied to almost any decks out there.
14:36
Speaker 2: Absolutely Why not? So there are two reasons. One, capital
14:40
Speaker 2: efficiency is very low on non clubs, so almost all
14:44
Speaker 2: of the exchanges that you've seen that comes since twenty
14:47
Speaker 2: seventeen have been AMM style exchanges. They need to have
14:50
Speaker 2: capital more importantly than anything. And you've actually seen this
14:54
Speaker 2: quite a bit. Once the incentives wear out and once
14:58
Speaker 2: the capital deployers realize that they're no longer earning money,
15:03
Speaker 2: that capital goes away, right. You see from capital fleeting
15:07
Speaker 2: from one a m M to the next one, to
15:09
Speaker 2: the next one to the next one. It's sort of
15:11
Speaker 2: a become a goal of just tracking incentives with that set.
15:16
Speaker 2: Centralized exchanges do similar stuff, but not exactly. We have
15:21
Speaker 2: this unique ability to do it because we're in l one,
15:24
Speaker 2: because we can serve it out to other places where
15:26
Speaker 2: we receive a lot of volume. And then you know,
15:28
Speaker 2: our tech is quite innovative and that's what differentiated us.
15:32
Speaker 2: I actually expect this type of program to be become
15:37
Speaker 2: to become a lot more prevalent in the next few
15:39
Speaker 2: years as more performant block chains appear.
15:41
Speaker 1: Yeah, I think that will. It seems natural to you know,
15:45
Speaker 1: for those kinds of incentives to be in play, because
15:47
Speaker 1: that's going to draw in the right kind of liquidity
15:48
Speaker 1: that you need. I want to jump back to the
15:51
Speaker 1: supported networks. Let me jump back over here, just so knows. Yes,
15:54
Speaker 1: the potential here because some of the ones that we've
15:57
Speaker 1: looked at. You mentioned Solana. What about something like XRP.
16:01
Speaker 1: You know, if you look at XRP, you could also
16:03
Speaker 1: look at Polka dot pokadad would be another one that
16:04
Speaker 1: would be an excellent networks. So what about those?
16:08
Speaker 2: So far we've only expanded into EVM compatible solutions. Okay,
16:14
Speaker 2: Solana is going to be potentially the first non EVM
16:17
Speaker 2: solution we are And real answer here is there is
16:20
Speaker 2: no reason why we can't do any of these networks. Okay,
16:23
Speaker 2: if there is a use case, if our community is
16:25
Speaker 2: asking for it, and if there is volume and capital
16:28
Speaker 2: efficiency needed on those networks, I can tell you now
16:32
Speaker 2: that yes, we will do them.
16:34
Speaker 1: Well there, you guys heard it right now for you XRP.
16:36
Speaker 1: Army out there pounding the dex a lot Twitter, let
16:42
Speaker 1: us know, let them know, all right. So let's get
16:45
Speaker 1: into a couple of other things. There were some arena
16:46
Speaker 1: tokens that are started to roll out. We're seeing a
16:49
Speaker 1: little bit of activity back on this. We had this
16:52
Speaker 1: concept of just for you guys awareness, So arena is
16:55
Speaker 1: kind of like think of it like an influencer to token.
16:58
Speaker 1: It almost be if if I was a gamer and
17:00
Speaker 1: I wanted to bring my own token out, the ability
17:03
Speaker 1: to have those tokens offered up on say a dex
17:06
Speaker 1: a Lot. You look at the success of Off the Grid,
17:08
Speaker 1: which is an avalanche game, We're most likely to see
17:12
Speaker 1: more and more gaming from Avalanche, which means there's a
17:15
Speaker 1: potential here for other ecosystems to start to go in.
17:18
Speaker 1: What about that moving into the dex a Lot ecosystem
17:21
Speaker 1: in terms of supported tokens.
17:23
Speaker 2: Absolutely so. I love the Arena guys. I've met them
17:28
Speaker 2: multiple times. You know, the guys who took it over,
17:31
Speaker 2: and you know there is no you know, like absolutely applause.
17:36
Speaker 2: They've done a great job because Arena was not in
17:38
Speaker 2: a good place at one point, right and they literally
17:40
Speaker 2: turned it around and they are the last strong group
17:44
Speaker 2: standing and I think they're going to succeed. With that said,
17:47
Speaker 2: we absolutely would love to list them. We had this
17:49
Speaker 2: conversation with them multiple times. The timelines didn't work out perfectly,
17:53
Speaker 2: but we have this conversation that is active and it's ongoing.
17:56
Speaker 2: I can't promise anything, but like I said, I love
17:58
Speaker 2: those guys. I believe they created they basically allowed people
18:02
Speaker 2: to monetize attention and content in a very unique way,
18:05
Speaker 2: and we would love to have them as a partner
18:07
Speaker 2: as well. And we're you know, I'll say, we're working
18:09
Speaker 2: on Yeah.
18:10
Speaker 1: Well, listen, you're gonna see a lot I think we're
18:12
Speaker 1: gonna see a lot more of this, especially as we
18:14
Speaker 1: see truly decentralized social media start to propagate out there.
18:18
Speaker 1: Even though we're having a little bit of a slow
18:20
Speaker 1: run on it, I think there is an evolution that
18:22
Speaker 1: is going to happen for that. So it would would apply.
18:26
Speaker 1: Let's talk about the token, utility and the economy. Explain
18:29
Speaker 1: a little bit about the a lot token. People ask
18:31
Speaker 1: about this token all the time. Give us more insights.
18:34
Speaker 2: Yes, absolutely so, first and foremost, our token is our
18:38
Speaker 2: gas token. Okay, if you think about any layer one solution,
18:44
Speaker 2: the main token is the gas token. And every time
18:47
Speaker 2: you do anything on that network, in our case, we're
18:50
Speaker 2: in exchange. Therefore, when you enter an order, when you
18:54
Speaker 2: cancel an order, or when you do a trade, you
18:56
Speaker 2: have to use a little bit of our token to
18:59
Speaker 2: get that transaction or that action to be recorded on
19:02
Speaker 2: the blockchain and be persistent if you will, Now, if
19:06
Speaker 2: you think about token economies though it's really not too complicated.
19:11
Speaker 2: Hopefully I don't get slaughtered for this comment, but in reality,
19:14
Speaker 2: it's basically a dynamic between supply and demand. Right We
19:19
Speaker 2: essentially created a mechanism that deflates the supply as we
19:26
Speaker 2: give out incentives in the network, meaning on a monthly basis,
19:30
Speaker 2: we reward people who give us great liquidity in our network.
19:33
Speaker 2: I should say us will give our takers people who
19:36
Speaker 2: need to trade good liquidity and they get rewarded at
19:39
Speaker 2: the end of the month. However, while they're providing this liquidity,
19:43
Speaker 2: they have to do activity on the network, which translates
19:47
Speaker 2: to reduction in supply. Right now, we are in this
19:52
Speaker 2: very unique position where every time a market maker integrates
19:56
Speaker 2: with us, you will see a big uptick in the
19:58
Speaker 2: activity of the network. More competition there is in our platform,
20:02
Speaker 2: the more transactions are going to go through. We also
20:05
Speaker 2: solve the UX problem. I get this quite often. Let
20:07
Speaker 2: me touch on that. People say I don't want to
20:10
Speaker 2: buy your token to do a trade. You don't have to.
20:12
Speaker 2: We have a nice UX feature on the covers. It
20:14
Speaker 2: will actually give you the appropriate amount of tokens to
20:16
Speaker 2: do the trade. So a trader doesn't need to even
20:19
Speaker 2: know we have a token, or we're a separate network.
20:22
Speaker 2: Going back, going back to the market maker point, the
20:25
Speaker 2: more participants, not even market makes. The more participants we have,
20:29
Speaker 2: the stronger our supply reduction would be, which would allow
20:32
Speaker 2: us to give out more and more rewards. So we
20:36
Speaker 2: literally created this initial circular economy that with more activity
20:42
Speaker 2: really snowballs. And that's just the current state. We've actually
20:47
Speaker 2: seen some very innovative approaches to further pull in the
20:51
Speaker 2: community through the use and additional utility of the token,
20:55
Speaker 2: and I can say that we're very actively thinking about
20:58
Speaker 2: how further we can the economy and the utility to
21:02
Speaker 2: you know, make the community a little bit more active
21:06
Speaker 2: and reward people a little bit more and of course
21:08
Speaker 2: make our solution even more even better than what it
21:12
Speaker 2: is already.
21:12
Speaker 1: So I think that one of the ways to do
21:15
Speaker 1: that is, uh, it just followed Jupiter's lead. I mean,
21:18
Speaker 1: these guys this now is probably I would say one
21:21
Speaker 1: of the best out there. I mean, look at the
21:23
Speaker 1: unique addresses right now, six hundred and twenty thousand, and
21:26
Speaker 1: if you look at the activity within this for voting
21:29
Speaker 1: within the governance, I do it I mean, and I'm lazy.
21:34
Speaker 1: So they make it easy to a certain extent to
21:38
Speaker 1: go out there and participate, which again gets back into that.
21:40
Speaker 1: What about moving into more governance and also the launch
21:43
Speaker 1: pad you know capability that of course opens up a
21:46
Speaker 1: whole new layer. What about that kind of strategy for
21:50
Speaker 1: dex a lot?
21:51
Speaker 2: So I'll tell you. I'll tell you right now. First
21:52
Speaker 2: of all, I absolutely disagree that you are lazy. The
21:55
Speaker 2: content and the type of stuff that you guys are
21:57
Speaker 2: doing is amazing. I don't believe any of that. But
22:00
Speaker 2: I'll tell you this, and most people are lazy. Governments, governance,
22:05
Speaker 2: We've already know that. If it's just governance does not work.
22:09
Speaker 2: People initially make care, but eventually they fall off. However,
22:13
Speaker 2: I'm a big believer of incentive alignment. Right, if there
22:16
Speaker 2: is incentives for people to vote, then they're going to
22:21
Speaker 2: vote every time. That's what you're seeing with Jupiter, that's
22:23
Speaker 2: what you're seeing with Aerodrome. All great products out there,
22:27
Speaker 2: and again you are perfectly dialed into the pulse. We
22:31
Speaker 2: are actively looking at solutions. So governess has always been
22:35
Speaker 2: on our white paper. Okay, it's always been part of
22:38
Speaker 2: our plan because we're a network. We would like to
22:40
Speaker 2: give people the ability to run their own nodes. Because
22:43
Speaker 2: we're an l one, we want to sort of open
22:45
Speaker 2: it up further, right, which Avalanche allows. But again, creating
22:49
Speaker 2: the appropriate incentive structure, creating the appropriate flywheel that ultimately
22:53
Speaker 2: accrues the value to the people doing the work is
22:55
Speaker 2: the tricky part, not just from a technical perspective, but
22:58
Speaker 2: also from a legal and regular perspective. And that's literally
23:02
Speaker 2: what we're working on. That's literally what we're banging our
23:05
Speaker 2: heads against. Right the second we'll have a lot more clarity,
23:08
Speaker 2: I think in twenty twenty five, but absolutely we'll do
23:10
Speaker 2: them all if you want.
23:12
Speaker 1: All right. So the other thing I have to ask is,
23:14
Speaker 1: you know the app you look at the benefit of
23:17
Speaker 1: what we've seen out there. UNITWAP of course kind of
23:19
Speaker 1: leads the game with it, but Jupiter goes out they
23:22
Speaker 1: launched their mobile app, which is just happened just October eighth.
23:25
Speaker 1: So this is just now going the likelihood of see this.
23:30
Speaker 1: You know what about with tax alt Will we see
23:34
Speaker 1: an app coming soon?
23:35
Speaker 2: Yeah? So when we had this initial conversation about should
23:40
Speaker 2: we do an app or should we aim to optimize
23:43
Speaker 2: our interface, the web based interface four Mobile. The decision
23:48
Speaker 2: at the time we made was, listen, everybody has a browser.
23:52
Speaker 2: Will people want to install an app or will people
23:54
Speaker 2: want to just go to a webpage and do it
23:56
Speaker 2: because they're already in their Chrome or Mozilla or Safari. Right,
24:00
Speaker 2: went initially with a mobile optimized web page. However, the
24:06
Speaker 2: mobile application is still an item on the robot. It's
24:09
Speaker 2: not currently the one that we're working on. But you know,
24:12
Speaker 2: as ore UI gets better and as we're as we
24:15
Speaker 2: get better and better feedback, I think and mobile application
24:17
Speaker 2: is definitely in the cars as well. Now as we grow.
24:19
Speaker 2: I think it's not even a question because Coinbase is
24:21
Speaker 2: the barometer of if we're in a bullmarket or not.
24:24
Speaker 1: Right, Yeah, exactly, well, and I think that is a
24:27
Speaker 1: good argument though, because you know, this is one thing
24:29
Speaker 1: that we're in the midst of trying to build a
24:31
Speaker 1: Web three product, and the question it always comes into
24:35
Speaker 1: the app ecosystem, and then of course the you know,
24:38
Speaker 1: let's just say it, the gatekeepers of those app ecosystems
24:41
Speaker 1: that usually cause some challenges within it, especially with a
24:44
Speaker 1: Web three product, So that in his self could be
24:47
Speaker 1: a scenario. So it's interesting that you talk a little
24:49
Speaker 1: bit more about, you know, the mobile web because that
24:52
Speaker 1: that I think is still a viable option for a
24:55
Speaker 1: lot of companies that are developing. Even though the apps
24:57
Speaker 1: are super slick and if they're done right, it can
25:00
Speaker 1: really draw in a lot of users. So it's kind
25:02
Speaker 1: of a catch twenty two for sure.
25:04
Speaker 2: So the very interesting thing about UX that we found
25:07
Speaker 2: is that the more clicks you insert on the path,
25:11
Speaker 2: the harder it ends up being for you know, maintaining
25:15
Speaker 2: the users. This is very true in capital markets as well.
25:17
Speaker 2: My background is capital markets. I've done a lot of
25:20
Speaker 2: FX algorithmic trading type stuff. I had a lot of
25:23
Speaker 2: clients who asked me, Hey, you need me to answer
25:26
Speaker 2: three parameters? Can you just give me a button? I
25:28
Speaker 2: press and you decide everything else? Right? Mobile application and
25:33
Speaker 2: a web page solution is kind of exactly that. Right.
25:36
Speaker 2: Do we make people install an application, go to their
25:39
Speaker 2: application and do stuff or are they already in their
25:42
Speaker 2: browser and do the mobile I think you need both
25:44
Speaker 2: because the audiencers are separate. But you know, for now,
25:48
Speaker 2: we elected to go with the optimized web page and
25:50
Speaker 2: then you know, hopefully the mobile app will follow in
25:52
Speaker 2: the future.
25:53
Speaker 1: As you Okay, well there, you guys heard it here.
25:55
Speaker 1: Dex a Lot's going to drop the app.
25:59
Speaker 2: I'm going to get in trouble when I go back,
26:00
Speaker 2: is definitely going.
26:02
Speaker 1: To put your feet through the fire. Now, listen, we've
26:04
Speaker 1: been here with the head of strategy coming in from
26:06
Speaker 1: dex a Lot. You guys ask about this all the time,
26:08
Speaker 1: but of course, thank you so much for stopping in today.
26:10
Speaker 2: We appreciate it absolutely, Thank you so much for having me,
26:13
Speaker 2: Paul Pleasure you bet all right, So.
26:15
Speaker 1: You guys get into the Diamond circle and again this
26:17
Speaker 1: is another place where you can join our own community.
26:21
Speaker 1: I drop additional content over there, more podcasts, additional research,
26:24
Speaker 1: all that get stuff. Just by joining that, we send
26:26
Speaker 1: out an email I think a couple three times a
26:28
Speaker 1: week right now. So that's a way to keep up
26:30
Speaker 1: to what's happening here on PBN, and of course follow
26:33
Speaker 1: me on x at Paul Baron. We'll catch you next
26:35
Speaker 1: time right here on tech Path