Holding Stablecoins? Make Passive Income Today!

James Pelton. I hope you're having a wonderful Tuesday so far. Excited AMA for you today. Very excited to hear about this project. I never know how to pronounce projects. I only read them, but we'll have to is it Bola Bolide Bolide. How do you pronounce the project? That's my first question as we get going here. Yeah, Bolide is right. Bolide. Okay. Awesome. So we're gonna be talking about Bolide. Get your questions ready to go. I'll put a link to the website that we're going to be looking at here today what I need from you in the audience before we even get going, please hit the like button and Jared Jared knows. I always say if you're a good person, you'll hit the like button. You'll just help us out. I mean, it doesn't cost you anything. It's right below the video that you're watching right now. So please hit the like button. That's helpful and comment question of the day. This is going to be cheesy cliche, but how's the weather where you're at? I was just I was just telling these these ladies that I'm in Lincoln, Nebraska. This is the one time of year where the weather is good. So I'm excited about the weather. It's sunny out today, but how's the weather where you're at and then if you obviously if you have questions as we're going feel free to bring them up. We'll direct the conversation as you guys see fit. So awesome. Well, thank you for coming on the channel. Can we start with just quick introductions of who you are and then we'll jump into Bolide. Yeah. Thank you very much James for having us. So let me start first. I'm Oxbeat. I'm co-founder of Bolide. I'm also a chief operational officer at Bolide and I'm responsible for business strategy as well and my background pretty, you know, much standard. I worked for big companies like British American Tobacco, Danone and then about 10 years ago. I switched completely into cryptocurrency market and since then I just super excited to be in this area. I think this is the one of the best decision which I ever made before and yeah, I think the market is awesome. And anyway, even if you know, it's a bear or bullish market. It doesn't matter. We can always find something cool and we can always find something to build and yeah, I think it's one of the coolest market in the world, honestly. Yeah, this is my intro and now I think Maria's turn. Awesome. Yeah, Maria. How about you? Yeah, sure. Or break something, right? What you've said before. Yeah. Nice to meet everyone. My name is Maria and I'm CMO at Bolide. So basically working on everything connected to marketing. But as you know, working in startup is usually wearing many hats. So yeah, doing a lot of different stuff. As a background. Well, I worked a lot in larger tech companies. I worked before in eBay and before that in Skyscanner. So yeah, I have quite quite a lot of marketing experience in Web 2. But yeah, I was curious about crypto starting 2015. I think when I first started to invest in Bitcoin because you know fellow engineers told me what is it and I thought that the concept is just brilliant. It's simple. And yeah, just amazing. And then during lockdown, I was watching YouTube different influencers and bloggers and they noticed that despite all those dumps in March 2020 crypto was full of life and a lot of you know, like super intelligent people were moving into this industry quickly. So I'm like interesting. So there's a lot of innovation and I think yeah, we're just we're just starting here. Okay. Awesome. Well, I'm excited to dig into this a little bit. We've got questions pouring in from the audience already. So this is great. We're going to selfishly. I always do my questions first though, but we will get to yours audience. So keep them coming. We'll get to as many of those as we can. Can you again? I mentioned assuming that people have never heard of this before. What would you kind of say to someone you're in an elevator? They say hey, what is what is bull? I do. What would you kind of say to someone as your elevator pitch? Yeah, sure. So blind is actually a high yield a creator which is based on automated strategies and we are one of the coolest protocol because we are very smart and all our algorithm based strategy their work across defy defy market. So and we basically leveraging a lot of different protocols all together and that's how we actually earn the highest if you are in the market for single Crypto assets. So basically if you guys holding Crypto like BTC Ethereum stable coins or altcoins, you can easily top up us without any lockup period and just you know, sit back and do nothing because we will do all the jobs for you. And moreover, we also maximizing yield and at the same time with controlling risk on the market, which is very very important and so you don't need to mentor market 24 hours 7 days a week because bolide automated automated. Okay, very good. No, that makes a lot of sense. So for the users, it's pretty simple. It's just you're depositing stable coins Bitcoin Ethereum and you're getting an APY. So it's under under the covers is where kind of all the magic is happening. And I think so people are going to maybe we can get into a little bit more details because people know, you know, you can go to Binance and you can stake your Bitcoin, but you get like 5% APY when you do it that way. So can you kind of explain? I think this chart does a pretty good pretty good job, but you kind of explain a little bit more in-depth about how you're able to get these kind of returns. Yeah, sure. So we have a strategy which is explained on this this main page and you can see that user top up our bolide D app with them mythomask or trust wallet or any other DeFi wallets. So and then we take this liquidity and put them under lending protocols and keep them as a collateral and then we borrow different cryptocurrencies and put them under DEXs. So in DEXs, we create several pairs liquidity pairs and that's how we do farming. So basically why we have one of the highest APY on the market is because we do this lending plus farming leveraging and that's how we collect fees from both of these key tools in the market. And then we just exchange those fees into our BLEED token and pay it back to our customers. So this is our first strategy which was launched a year ago on BNB chain, but now we work on more and more strategies and also on Polygon blockchain. We have another type of strategy. But everything about, you know, automation. So we basically when we when we go to blockchain what we actually looking into how you can actually earn the highest possible APY on blockchain and we do a lot of analytic stuff on the back up. Would I say like that because before we launch something we do a lot of analytics. We understand the market. We understand the percentage which you can get into and then only after that we build the smart contracts and then we do audits and then only after that users can enjoy this wonderful, you know strategy. That's how it pretty much works. Okay. No, that makes makes a lot of sense how you're doing that. I think the audience is going to have more questions about that as we're going here. Let's let's bring up some audience questions. I don't want them to think that we are ignoring them. Funny Turo would like to know are the rewards given in stable coins. So, you know, it looks like you're depositing either stable coins or Bitcoin or a theory and what do you receive rewards in? Yeah. So in terms of receiving we always pay back in our native project token, which calls bleed. So bleed talking you can you can exchange it in old axis. Also, we have a centralized exchange which calls the L Bank. So and we keep bleed talking quite stable and we look after that talking very very serious because I understand that people who trust the light they actually want to get a rewards the same which they expected on our website and that's is why you know bleed talking price is super important for us. Okay, very good. And actually do you want to talk a little bit about how because yeah, usually on some of these yield farming type projects you're used to seeing the the token that things are paid out in going. This is a strange chart for me to see for this type because I'm used to seeing it just go straight down. How are you guys able to keep kind of the price of the token up as you've been doing this? So there are plenty different things which we actually doing. I think Marie will explain more in terms of the marketing perspective because you know marketing is always important part of every protocol in every talking as well, but in terms of you know strategy of our economy inside wall light. So basically because the strategy pay back all yield which we generate in our native token. So we always buying from the market this token to pay it back to customers. That's the first thing how we actually keep talking price quite stable. I would probably say because if you can look like an total graph so you can see that we're very stable since we launched. Yeah, and in terms of our other supports, of course, we what we did recently. We launched them both the two which is actually additional utility function of the token. If you're holding bleep talking you will get boosting of API for all our walls and this actually helping talking price as well because people who want to use ball light and who want to increase API level so they can easily do that if they buy bleep talking and just you know, hold it together with their main main world. Okay, so I'd be another way to make money is just yet the polite token. I mean, that's a good-looking chart for sure quarter mile would like to know these are pretty decent AP wise. Are they fixed? Do you want to talk about the AP wise because I know there's also ways that you can get additional with with the blight token. Do you want to just talk about the AP wise a little bit now? Yeah, why not? So I already a little bit mentioned that we have a very good level of API or the standard one. I would probably say like for all our walls because we do this leveraging and we actually like mix different tools of defy market together. That's how we get this awesome numbers, but the AP wise about 2326% is that's what you can get because of the bleed boosting. So if you want to get those numbers you need to buy bleed and and we will just boost your API. So it's not forever. We will be honest. So we did this is the second boosting already. Of course as more right now the numbers is like that because of the market level, but for example before the situation with FTX we had quite high APY itself. We didn't need to boost it because the strategy could make about 25% in average and since we have this, you know farming fees, which is depends on trading and that part was pretty good before that's why an average APY was very good. But right now we are boosting it with bleed token and we believe that it's also, you know, helping I don't know community to reach their targets and to earn more. That's what we want in the end of the day. We want to do we do this protocol because of the community. Okay, very good. I cannot hear just to just to clarify a bit. Yeah, the boosting part. So this boosting APY boosting thing like feature. Well, it's additional utility to the token which is also, you know, supporting the price because we expect that for the boosting there will be the higher demand on the market to buy the token itself, but this is kind of like marketing marketing tool to support the community and to retain users within the protocol. But of course like we you know, we expect that in the bull market we will come back to the to the good APYs naturally because the trading volumes will increase and you know that because there are a lot of different variables when you are talking about the APY and how efficiently you can farm the yield. Okay. No, very good. No, that makes a lot of sense. And yeah, great questions from the audience again. We will get to as many of these we were up to like 20. So you guys you guys are awesome. Thank you guys for watching. Can I ask so when somebody's thinking through something like this and you know, this is a place to maybe kind of store assets like Bitcoin or Ethereum. What what additional risks would you guys kind of consider there being to to using a protocol like this rather than just holding your Bitcoin in a cold wallet where you're getting 0% APY. You don't get APY without some risks. So what would you kind of tell someone that the risks are so I can talk about it, right? Yeah, in terms of the risks, of course, we cannot 100% guarantee that everything going to be the same especially about the APY level because the APY level depends on the market situation. We constantly repeating it to the community. And of course, like you can see those numbers that that those numbers are not always the same so you can understand that in average, for example, if you keep your crypto with us, so you will get some percentage in average, but it's every day every time might be different. This is I guess the first and the main risk with us because in terms of the market risks, like for example, liquidity liquidation risks and also permanent losses risks. So they are all under bolide automated strategies. So we control them with our kind of, you know, algorithm-based robots. So the monitoring market in terms of the level of, you know, percentage which we can borrow, for example, on lending protocols versus what we keep as a collateral. So and we need to understand the prices and what is if percentage changes, then the strategy itself will work immediately and we'll like add on either that side or that side additional tokens. So another part of the robots, they work in terms of the farming. So we constantly understanding which pairs could give us the highest APY on the market and if the pair is already not so, you know, interesting for our customers. So we will just, you know, repair it, automate it within the strategy itself. So we always want to say that we have kind of AI, but we don't have it completely, like we don't educate our system, but I think in the future that's what we want to achieve. So ideally for us and now we are working a lot. We want to like manage liquidity in the most, like the smartest possible way in the market. So and back to the risks with us, you won't lose your main liquidity, which you put as the top up into ours. So you can always withdrawal your like, I don't know, hundred ten thousand dollars, which you put into Bolide, but the risk, the main risk is how much you will earn on top of that. Okay. Nope. Makes makes good sense and JB. Welcome. Please hit the like button. Yeah, JB. That is good advice. So you heard it straight from him. What is the name Bolide mean? That's a good question. I hadn't didn't think of that. Where'd that name come from? I don't know where you yeah. Yeah, sure. So yeah, it's different people see it as a different two different things. Some people usually associated with like Bolide like a speed car, but actually it's a comet like like a space like a falling star. So yeah, that's that's the name. Okay, very cool. Yeah, you learned something new every every day. So no awesome. Then funny Turo says good to see women in this space. And actually I want to ask hopefully this isn't offensive, but we do not I don't get a lot of women on the channel. Like the crypto space is just not there's not a lot of women in here. What's it been like being a woman in the space and do you have any ideas or thoughts on how how me or how we as a space can bring more women into this space? Well, I can start I think well crypto has been and like the industry itself is very technical. So it's just you know, we're at this point in time where women just started to step in more technical Industries, but I see a lot of influencers a lot of traders with female traders. So I think more and more women will be joining but of course we're trying to you know, bring this message out and we hear it all the time when we're you know, having a call with partners with the ecosystems. They're like, wow, so many women, right? Yeah, but I think we're trying to make it more, you know, accessible both for like retail investors, but also, you know spread out the message like women don't don't be afraid like it's not that scary because you know, there is like crypto Twitter and crypto culture might seem a bit more, you know, harsh versus like, you know, fluffy fluffy tech, but it's fine. Like the industry is really great and I've never seen any, you know troubles or problems. Yeah, and I want to add something. I think it's about language as well. So because it's pretty much male market. So you speak in the male language as well and what I personally try to do. So I try to explain in kind of women language, which is a bit different I guess and I think there are a lot of opportunities for educational content for just the women and so yeah, everybody actually can use this opportunity and I sometimes do some kind of meetups and just for women and it works perfectly so they can understand easily how to trade and actually there are less women into the space, but there are some of them much more successful than men because they're very careful that if they decide something they just go straight and do that. Yeah, and I hope there are more and more women coming into the space and yeah, we want to do that and funny things about us as a team. We have some external of course like a partners and once one guy he actually communicated with me and was part of the team and maybe six months later. He asked me do you have any men in the team? I never saw someone, you know, and it was super cool. And I think yeah, we are 50-50 actually. We're not just women, but it's super cool that we have this 50 part of us. Yeah. Well, it's very cool. And I want to help support because I noticed well, you know, two years ago when I started YouTube my audience on my channel was 99% men 1% women and I was like that's a waste of my good looks, you know, we got to change this a little bit and now we're up to like 90% men 10% women. So it's growing but I just yeah, I want to support and you know, just help out as much as I can because there's a lot of opportunity there and I think you're right. I think there's a lot of I think women in a lot of ways could be better at a lot of this stuff than than the men are. So cool stuff that you know, we need all collaborate. It doesn't matter who we are. So in collaboration, we can create the best protocol is the same thing like about you know, people from different part of the world's if you actually if you build define any protocols on the market, so you build international products straight away because it's an internet. You can't actually understand like specify protocol just for specific audience or or in a non-country and when you have like decentralized team as well. So it's super cool because everyone can put their efforts and also their mentality, which is also important. Yeah. Amen. Yep. Nope. Awesome. I love it. Let's see. Filson would like to know. Okay. How does this compare? So people are familiar with like the GLP GMX, so there's other protocols that do kind of see the similar thing based on the other Protocols that you kind of seen what would you say sets you guys apart from some of the some of these other protocols that are doing kind of put in your money and we'll go yield farm it for you. Okay, I can I can take this one. So if we're talking about our competitors, I wouldn't name GMX as one of them because it's options and all the derivatives verbs like it's completely different game. It's more products for different regions, which were not targeting at the moment. Like I would say that our target audience are people who are already in web 3, but for some reason they don't use defy at all like that could be, you know, it's just boring or it's too complex or it's too risky. They've tried to provide liquidity in Uniswap v3 and didn't study it enough and you know, because there are a lot of different risks very specific to defy they've burned once and they're like, no, I'm staying away from it forever. Then we have people who you know, tried centralized finances like Celsius block by stuff like that. They already, you know, lost their assets. Unfortunately again, like we're trying to emphasize that we're self-custodial, but we're also very simple like ease of use is our motto. I would say like one of our main focuses at the moment both UX like you have to understand what you know, what is it expected from you on this platform? Because if you look at our at the majority of complex defy protocols you look at the interface and there is like thousands buttons thousands different AP wise percentages. You have to sign 15 transactions and you don't understand what you're doing. You're just in this wormhole that you can get out of. So we are trying to simplify that and that's why we have those single asset volts like you don't have to think about, you know, which tokens you have to buy to provide the liquidity. You don't have to calculate the ratio. So yeah, I think this is the main thing that sets us, you know, what makes us different multi-chain. Of course, we're aiming to plug into more chains. We launched on BNB but yesterday we just launched on Polygon and this is like something that our team has been pushing for for quite some time. So we're very very happy with that. We have more L2s coming during Q2 and Q3 but also multi-strategy on top of multi-chain like what Ox have mentioned before. We have the strategy that you can see on the main page at the moment, but we've already launched another strategy on Polygon, which is cyclical strategy. It's land borrow, land borrow. So it goes like it can go infinitely, but of course not. At some point it breaks down. So the magic sauce of the Politeam is to actually calculate all that stuff, take into account all the risks and create those strategies and make them delta neutral. So we minimize risks and we provide the best possible APY with those constraints. That was a lot of stuff. That was really good. Could I have you explain, you mentioned something that I think could be a good educational moment. Can you talk about delta neutral and just how that affects what you're doing? What does that mean? I think that'd be a really good educational thing for the audience. Yeah, well, the simple explanation would be it is a way to manage risks. So we built all our strategies incorporating this principle. Like if we go into details, there will be like this large formulas that I won't be able to explain to you in this AMA, but we have all of this described in our docs. So if you want to dig deeper, please go and check out our docs. We also are hanging in our Discord. The whole team is there so you can ask questions and we will definitely take it and explain it. And we do even user interviews or one-to-one calls with most curious users that don't understand if something is not working. And actually, we have a group of users that are already invested in our protocol and they've been holding deposits for quite some time and we've been explaining how the product works like in a very tiny details. So they understand that they don't have any questions. So yeah, hopefully that I explained a bit. Yes. Yeah. No, that's really good. And I think because some people might wonder I mean you people can go do the same type of strategies that you're doing but there's a lot more to it than just going on to pancake swap and depositing into one of their liquidity pools. I mean, there's a lot when you start getting into yet. We want to make sure we hedge it with some Delta neutral stuff and you know, the leveraging and things like that. So what you basically done is taking a process people could do themselves, but if they wanted to go put in all the hours and become experts in it, but you've made it just really simple where a deposit one asset and then we'll go ahead and do the heavy lifting for you. And this is the the output here. So I did want to know what do you think as the TVL goes up? So you guys it looks like are sitting at like a maybe a 10 10 million TVL right now. It looks like do you expect as the TVL goes up? What will that do to your AP wise? Will that not affect it? Or do you think you'll have lower AP wise or higher? How do you think that will affect it? No in our current strategies, so we don't have those things like any other protocols does sometimes, you know, we won't have any lower AP wise depends on the TVL level. It doesn't matter at all. It's not working like kind of, you know, parallel depends on each other. So because we are actually putting this all utility or not sorry, not it is all liquidity under different decentralized protocols. That's basically we don't have this depends and APY works on the market basis not on the TVL level not depends on how much TVL we have. Yeah, and it won't depends. And of course we expecting more and more TVL because as more chains we added it in the bolide itself. So in more people will join us and of course we will grow pretty fast. I think especially now with Polygon support as well. Yeah, absolutely. Totally agree. Ralphie would like to know, you know, anybody anytime somebody hears the word leverage or lending or anything like that people kind of hey, what's going on? I I've heard that that's bad. That's dangerous. What do you want to just talk about, you know risks of liquidation? How risky is it people hear of that word liquidation? They get worried. Do you just want to talk into what you guys are doing on the leverage side of things? Yeah, in terms of leveraging as we mentioned before, so we have those robots who is constantly working like looking into the market and yeah, we can't guarantee for example that some lending protocols which we use they will always exist and nothing happened, but we passed already three difficult situation when for example, one of the protocol Venus. I'm sure everyone knows them. So they had some problems with being be talking someday because of the finance kind of problems and everything worked pretty well. We didn't lose any money because we have those, you know, algorithm which is hard to explain in the easy way, but we are not taking more than 80% of the liquidity which we live as a collateral. So and if we see the difference inside the protocol which we use for leveraging for lending if we can see the different that liquidity for example going down. So on the blockchain side, you can see in any second and then you can see very quickly. It's much more quicker than you do it manually. And in this case the protocol will just, you know, put borrowed money back and just, you know, take the collateral back and it happens within like three five second in real life through the smart contracts. Then you do it manually because in manual part you need to do, you know, you need to first of all monitor the market and understand that something happened and the second thing that you will need to do it manually by your hands, you know, and this is absolutely different situation. Moreover, I would say that in every major changes like more than 10% on the market. So we all get notifications in our telegram so that the team can you know, look carefully and understand what is going on. Okay, very good. And it's another reason that you'd want to use something like light instead of doing it yourself because it's very hard for you as a, you know, I'm in a hundred different projects and it's not very feasible for me to be like checking on, you know, the price of my liquidations and things like that. So it's a lot easier for me to just hey, I'll take a little I could probably, you know, squeeze out a little bit more maybe doing it on my own, you know, there's not the fees involved possibly, but it's just the expertise that you guys bring makes it worth it. B-belly would like to know is there a minimum stake? So is there a minimum amount that people can put in? No, we don't have any limits. So no limits on stake. No limits on how long you can keep it. And also no withdrawal fees because I saw some questions regarding the fees. We don't have withdrawal fees. Okay, very cool. Very cool. So how do you guys make money? Do you take is there a little bit of the spread that you guys take or is how do you guys make money? Yeah, so we actually I think one of the protocols which started to make money straight away as soon as we launched because yeah, we take 3% of API like of yield level which we make for our users and moreover on top of that. So we have a bleed token, which is a constantly increasing the price and this is our second part of the income, but I would say like at the moment like majority part of that comes from the token, but it's also kind of normal for that market. Yeah, and we also have a Treasury wallet. So the Treasury tokens, which is USDT basically came to us through token private sale, which we did like a year ago and all of the Treasury tokens. They are under our strategies. So and in this case everything what we earn in yield like a hundred percent of yield comes as an income for us that helps us a lot in terms of you know, team support and the marketing activities as well. So I think those three majority like income parts of our protocol. Okay, very good makes a lot of sense. And yeah, this is a good question. When did the light start and you know, what kind of hurdles have you faced along the way? I mean that could be a really long question, I suppose, but when did you start and how did how things been going since launch? Let me start maybe Maria will continue. Yeah, so you know that we are all most of the team is actually traders. So we have even me like I have a traders background the 10 years ago. We started from peer-to-peer. I started from peer-to-peer platform and also we have other co-founders who is basically did the same stuff and about three already years ago when DeFi market was created. So we started to trade within DeFi market and that's how we actually understood that it's possible to create several strategies and just you know, money to our market and earn some additional income passively through the market itself and it was super cool. And then we spoke with several people like people who understand in smart contracts because three years ago it was something, you know, new and not a lot of people understood how actually build this inside smart contracts inside, you know, decentralized market and our dream was to create kind of different strategies when you don't need to spend so much time monitoring market like controlling risks to get, you know, stable API level and that after that we when we understood that it's possible to build through smart contracts. So we straight away started to do that and it's happened about two years ago. Of course, it was a lot of, you know, deep dive and, you know, understanding how we actually can build it and the protocol itself was launched a year ago. So in April 2022, but we launched the utility token about a little bit early. It was December 2021 because we wanted to raise money through the token. It was very necessary for us as a team and that's how we actually, you know, build it. So we launched a token one year and a half ago. Then we started to work on the strategy and then we just launched the first strategy. Yeah. Okay, very cool. Yeah. No, that's awesome. Somebody said in the comments a year in crypto is like 50 years, you know, in the in the regular world in the bear market. Yeah, in the bear market too. Yeah, very true. I mean, that's very impressive. And again, when people ask, oh, I'm scared of a rug pull or something like that to me. The best proof is bidding around for a year. That's that's like, okay. They haven't rug pulled for a year through the hardest time of the market. This would not be the right time to, you know, do that when we're potentially getting back into a bull market potentially not financial advice or anything. Funny Turo wanted to know have they been audited? What kind of audit KYC, you know, the typical questions people want to know about projects. Yeah, Maria, you can tell about awesome audits. Yeah, sure. So we have one audit done by hacking already. We're now doing the second one and the security itself is like one like ease of use and security are two of our major focuses because we are not like we don't market through the you know, we have highest AP wise, you know, a hundred percent thousand percent stuff like that. We want to build a long-term project and we want people to grow their crypto their wealth in a steady way like in a very you know, like wise but not in a hurry. So we're probably looking for hodlers who want to make, you know, passive income maybe on the part of their portfolio because we always have to understand that DeFi is risky space. It's you know, smart contract breaches not not maybe even ours, but as Ox mentioned other protocols and if users deposit with us, they just minimize the amount of transactions with other protocols where you know, they could be rock pooled or you know, their their wallet like see phrase could be stolen and talking about security. We're putting a lot of focus on that this year and the next year and we will be investing more and publishing more materials. Our dev team will publish more articles on how do we envision this what we're doing now, but what is our future outlook to that because audits yeah, it's good. But how many projects have we seen that have been audited and have been hacked? So it's kind of yes. It's like an industry standard, but it doesn't guarantee you, you know, complete safety, right? Nothing. Nothing ever can guarantee absolute extra extra pairs of eyes on your contract is always beneficial, right? That's true. Yep. Absolutely James wanted to know any regulatory issues with being in the US that you guys have run into at the moment. Not I actually recently went to consensus and it in Austin awesome Austin and it was a lot of conversation regarding, you know, regulatory risks and I spoke with our, you know partners in this space like the protocols and many others. So at the moment we are fine. But of course as a responsible protocol on the market, we always look carefully in terms of what is going on. And because we are so many good years in crypto market, like the team overall, we are like an average 10 years and we want to say that we want to be regulated as all normal. I guess protocols who came to this market not just for one to fluffy cool years, but we want to stay here forever and we want to grow community and earn together with you guys. That's that's why we actually will be very happy, especially in the US if they can do something cool in terms of regulation, but we based partly in the UK in Dubai and like in Malta as well. So and of course the team itself also decentralized. We have a people in any different part of the world including like Asia. Yeah, and we're looking after all the regulations because everything always happen every week and I think in terms of, you know, building protocols. It's always hard to build protocols on the kind of market, but I think the hardest part of that which is not always, you know, you know, spoken a lot. It's operation stuff because a lot of cool protocols and ideas. They actually failed because of bad operation and I think this is also very important and look carefully in terms of regulation and all like, you know process which is important to understand. Okay. Yep. Nope. Totally totally agree with all that and you know, sometime I bet our paths will will cross. I almost was that consensus. I was in Dubai last week and sometime we'll have to meet up in person. I would be amazing. It's always a always nice to meet project founders that way. Let's see funny. Turo says the problem with this space is most of the investors are risk-seekers and yield aggregators are for low-risk investors and I feel that they have not arrived in web 3 yet and I think you're right. I think I funny Turo. I think some of the Degen people have lost enough money where they're starting to look towards the hey, maybe we need to just go back to like Real DeFi rather than you know, these node and Ponzi projects, but I think you're right. It is a it's kind of a weird space to be in crypto but on like the safer sane side of crypto. So appreciate appreciate having you here Pinkwater here to support team bolide. So Pinkwater welcome. Glad you could be here. Chris says long-term vision. So yeah, if everything keeps working out as you anticipate, where do you kind of see this going in the next three years? We'll say I can take this one. So we envision bullet as an ecosystem as a stack of DeFi tools for you know, retail investors, but also for institutions because they're kind of because behind every institution are people who are not very into DeFi so to speak. So we want to create this, you know stack of simple DeFi tools that will ease, you know the way how you earn passive income on your crypto and we're on our own wallet at the moment and we are hoping to release the first version somewhere mid-summer and then start to you know, really grow it moving into September because wallets are still like this is the first thing that user have to has to interact with before they enter web 3 so and it is still a huge bottleneck because Metamask is still I don't know 85% 80% of the market and it is horrible like no one can use it, but still the majority uses this coin key coin key wallet. So I think that would be that would be our vision like you can earn with our depth you can save and hold with our wallet. We can probably do I don't know Dex or some other stuff to allow users to trade and swap without leaving bullet and those are all streams of revenue. So it kind of all adds up in some you know, kind of cool business model which is kind of combination of different business models into one but you never know what would be your rocket your spaceship that will take you very high. I hope. Okay. No, very good. I like that very very cool. All right. We got so many audience questions. You guys are amazing. Appreciate you guys. If I don't get to your questions a lot of these we've answered already as well. So the recording of this will be available when we're done. I'll go back and put in some chapters so you can skip around. Let's see. I'm sure they keep a pulse on which stable coins are most stable. Do you have any first off? I want to know when USDC was de-pegging what was going through your guys's mind. Was there panic going on or how was that? And do you do you see any challenges with stable coins going forward? So stable coins have not always stable. I think everyone trying to look around the stable points and understand what is going on. But as a trader, I can see that stable points is very necessary part of, you know, overall economy between, you know, cryptocurrency normal worlds. I would probably say, you know, all transactions happens actually between people and businesses within stable points. And I think this is a cool utility function of those points and it's important part of our cryptocurrency economy overall. In terms of how we look at that and what happened with USDC. So first of all, we don't have a lot of percentage of users who use USDC. So most of the percentage in stable coins there in USDT. And so we were constantly looking into the market together with our algorithm and understood understanding what is going on. But as far as I remember, I think it was everything was very smooth and was okay. I think our algorithm works very good. And this is also one of the reason why it took us almost a year before we launch another blockchain. So because we do this, you know, collecting knowledge and improving our algorithms, even if we didn't launch the chain before. So we did a lot of work and we did a lot of improvements in terms of algorithm and monitoring the market. So that's what we do. And the same things with stable coin. If something will collapse, so you will probably, first of all, we'll see it on blockchain and blockchain is a very good book, guys, when you can understand everything what is going on and it will work completely quickly. And if you first who take liquidity of the problems protocol or, you know, a token, so you will always win in this case because the first people who is taking off so they will be able, you know, get all money back. Okay, very good. And I would say that's another reason that you would want to use something like Bolide instead of doing it yourself because, you know, if you're doing it yourself, you have to keep an eye on all that stuff. You have to keep an eye on. Oh, USDC is de-pegging. What should I do? Whereas if you, you know, you get into something like Bolide, the experts, they can handle it. You can go do something else. So really like that as a, you know, I'm a passive income guy. So this would be more passive there. Yeah, but I want to add a little bit more. Sorry, Maria. In terms of, you know, Dejons and what they do, we started to work with Wales a lot. We started to understand what they want and we actually want to go deeper and see, you know, how much money they can make if they do like a very aggressive trading and farming because in our, not just opinion, but we have those numbers because we did, we did analytic stuff. We know that if you do hunting those like a very crazy percentage in average per year, you will get lower than us. So this is how it works because you will get higher percentage only like a couple of days or something. And then if you're not changing it in the overall, you can lose, not win, you know, and yeah, Wales also like the protocols when you explain that what we actually did and how to use us. And I think by the end, we might just create, you know, a separate walls for Wales, which will be more game gambling because they don't like as much, you know, percentage is some cool stuff like do this, do this, like buy that something like kind of gambling stuff. And we are thinking about this right now. Okay, very good. No, thanks for answering that. That's very helpful. JB says hacking overall 9.9 out of 10. Great work. So yeah, that is, that's a good, it's a good score. Don son says I'm done with DGN. Yeah, and I I've seen this journey a lot. I call it from DGN to defy. So a lot of people get into DGN stuff and they think, oh, I'm involved in defy and it's no, you're involved in Ponzi schemes and after you're done with DGN, you'll find your way to what true defy is, which yield farming. I mean, that's when you go back to the roots of what defy is. I mean, yield farming is kind of kind of the root of it. So I see a lot of people that go on this journey to the high returns, lose all their money. Now we come back to, you know, reasonable, reasonable things. So, all right. Well, let's most of the other questions are about how to get involved. So let's get to the calls to action. I mentioned I'm a marketing guy. So always like to end strong calls to action. So what would you say the calls to action or I number one is follow on Twitter. We could say join the community. You guys have a strong discord community. Is that is that kind of where you guys do most of your hanging out? Yeah. So Twitter and discord are definitely our main channels at the moment. We will we're also we do have a telegram chat and telegram announcement channel. We will be developing our reddit TikTok YouTube. So everything but we've decided to, you know, focus first on Twitter and discord and yeah, we're like our approach is to provide a lot of educational content because though we're automating a lot of stuff. We want our users to understand what is actually happening in the background and what how do we make it possible? What are things that we're automating? So yeah, definitely jump in the discord telegram. Our team is in there. So yeah, as I've mentioned before, yeah, you can ask all types of questions that bothering you with with the and this is a good approach. Like you have to do your own research. If the team can't answer any of the questions or you know, some tricky questions, that's just a you know, red sign red flag. Yep. Absolutely. And these are all free things. So again, if you're on the edge, you're like, hey, I'm not quite ready to put in money. Then yeah, go get comfortable get get hop in the discord. Ask the questions. Make sure you understand how all the yield farming's working, you know, I'm sure that they would be happy to explain the full process and how the Delta neutral stuff works, you know, how they're hedging against potential losses and things like that. Someone asked in the audience, where can I buy lid? So right here, there's a buy blood button and it shows you the different you can get all the things, all the things and then if you're wanting to deposit, you just launch app and then there's the stable coins, the Bitcoin Ethereum. Personally, I have some ripple that I'm just sitting on. So it makes sense to me. I might as well deposit that in. I'm not getting any APR on it right now. It's just sitting there. So it makes sense to me. Hey, maybe I put in put it in here. It's just sitting there. Also my Bitcoin. I think I'm getting 5% on Binance. Why not put it here and get a little bit little bit higher percentage. So anything you want to add to that or did I kind of cover everything? Yeah, that's it. I think we have some troubles with our front end. We have to be anger. Oh, yeah. It could be my wallet too. I might. Yeah, it's just internet connection of the wallet. Yeah. Yeah, but basically, yeah, so the flow is very very simple. You just click deposit then you approve the amount approve the interaction of your wallet with the protocol and then you just pick them out that you want to deposit and that's it like in you can withdraw anytime. So yeah, that's that's what I was. Talking about before the ease of use is, you know, like the the main thing for us. Yeah, no very very user-friendly and it'd be hard to get confused on what to do here. It's just deposit put in your make sure your wallets connected and then you should be good to go and then do reward. How do rewards show up? Do you have to click something or do they just show up in your wallet or how did the rewards kind of work? Yeah, we kind of missed this part. So we distribute the words every 12 hours. So twice per day. And you have to go to the dashboard and claim them back. So we don't do auto compounding at the moment. So yeah, you have to manually do that. Okay, awesome. Very good. Well, that's all the questions I have. I think that's all the questions the community has. Do you have any final closing words of inspiration or anything further that you think we didn't cover before we kind of sign off here? May I start because I have a few. Yeah. So as I mentioned before, we're, you know, pushing a lot the educational part of the DeFi, especially for the Web3 kind of non-DeFi audience. Like if you're an NFT collector or if you're earning in crypto and you kind of, you know, yeah, I've heard of it, but I don't really understand it. Please jump in. Like we talk a lot about it in our community. We also run a lot of different quests and we're trying to make this educational process as engaging as possible. So at the moment, we're running a series of quests on Layer 3 and this is a really good platform where, you know, you can do very simple, small tasks, but you will quickly understand not only Bolide, but you know, the wider ecosystem, zk-sync and all those, you know, Layer 2s and like bridges. You can learn a lot of stuff in there. And also we're running sprints and quests on Zilly. It's it used to be called Crew 3, which is also like, you know, very simple tasks, but we are also rewarding and incentivizing all the active community members. So if you want to, you know, learn and earn, please join our Discord. We are, you know, trying to make this space fun, but also educational, provide good vibes and yeah, just stick around. Like web3crypto is an amazing industry. Very welcoming. I think it's one of the industries where you can earn on your kind of on your curiosity and the time that you put into education. It will pay off many, many times. This is where you can catch those thousand taxes. Awesome. Love that. That is inspiring. Yeah guys, and I just want to add a little bit that we actually building protocol for community. So all things which you think we need to improve or you want to see inside Bolide. So you're more than welcome to suggest to us because we want to build this protocol for everyone who can actually, you know, use it easy and for ourselves as well. Because as a traders, we use this protocol a lot and we think that it's awesome in terms of how we actually build the decision in terms of, you pains in the market. And yeah, so please sign up for Twitter because we soon will launch some cool stuff including wallet, which we mentioned before. And of course, we will, you know, do a lot of things like giveaways and all of the stuff for people who will give us feedback in terms of how it works and please join us and we will be ready to talk with you anytime. Thank you very much. Thank you guys very much. I want to thank first the audience appreciate you guys always showing up. Please hit like on the way out. And yeah, thank you so much. First off. Thank you for building something in the space that is worth coming on to my channel. I there's there's so much garbage every day. I'm pitched probably 20 projects and I just look at him. I say, oh, there's nothing here. Like what are you doing? And so I'm just so thankful to have people building things in the space that are helping move the space forward can actually help people make money going forward. So thanks for doing that and thanks for coming on and talking through it answering questions. Appreciate it. Yeah. Thank you James. Thank you everybody. Hope you all have a great rest of your Tuesday and we will probably talk to you guys tomorrow. So thank you everybody. Have a great day.