Session 06 Meet The Builders v1

Summary

In a panel discussion hosted by Cynthia from S Foundation, various DeFi builders shared insights on the growth and challenges of the APAC and DeFi ecosystem. Tommy from Typus highlighted their derivatives protocol and unique Dynamic NFTs for user engagement. Sean from Scallop discussed their lending protocol and tools for developers. Andy from Pth Network emphasized the importance of financial data for DeFi applications. The conversation covered technical challenges, the need for security, and the importance of community and liquidity in DeFi projects. The panelists also expressed excitement about DeFi 2.0 and real-world asset integration, envisioning a future where traditional finance and DeFi become more interconnected.

Takeaways

• 😀 The panel discussion is focused on DEFI (Decentralized Finance) growth, particularly in the APAC region, and the challenges and innovations faced by builders in this space.
• 🌟 Cythia from S Foundation is hosting the panel, highlighting her focus on APAC and DEFI growth, and the importance of collaboration and innovation in the DEFI ecosystem.
• 🚀 Tommy from Typus introduces his project, a derivatives protocol on S, starting with options and introducing Dynamic NFTs called Tells to incentivize users, aiming to provide a comprehensive trading experience.
• 💡 Sean from Scallop discusses Scallop as a lending protocol facilitating interest generation and asset borrowing, emphasizing the ease of use and programmable transactions without coding.
• 📊 Andy from Pth Network describes Pth as a financial oracle providing high-quality data on-chain, supporting various DEFI protocols and aiming to bring next-generation finance to the blockchain.
• 🔑 The importance of security in DEFI is underlined, with the S network's native features ensuring security, allowing builders to focus on other aspects like liquidity and user engagement.
• 🤝 The significance of community and liquidity for DEFI protocols is highlighted, with Typus using Dynamic NFTs to engage users and educate them on options trading.
• 🛠 Sean from Scallop points out the technical challenges, such as the need for advanced debugging features for developers to ensure the robustness of smart contracts.
• 📈 The rapid growth of the S network's DEFI ecosystem is noted, with TVL (Total Value Locked) increasing significantly, showcasing the potential and success of the platform.
• 🌐 The discussion touches on the need for real-world asset integration and the potential for on-chain index funds and ETFs to bridge traditional finance with DEFI, hinting at mass adoption.
• 🔮 Looking forward, the panelists express excitement about DEFI 2.0 applications, AI integration for easier user onboarding, and the role of oracles like Pth in providing precise, high-frequency data for innovative financial products.

Q & A

What is the main focus of Cythia's work at the S Foundation?

Cythia's main focus at the S Foundation is on APAC growth and DeFi growth.

What is Typus and what are its key features?

Typus is a derivatives protocol on S that starts with options and also includes Dynamic NFTs called Tells by Typist, which are used for user incentive systems. They are also building perpetuals to provide a comprehensive trading experience for both institutional and retail users.

What is Scallop and how does it function in the S ecosystem?

Scallop is a lending protocol where users can deposit digital assets to earn interest or borrow different forms of digital assets. It also includes Scallop Tools for programmable transactions without coding and maintains open-source software for S developers.

What is the role of Pth Network in the DeFi ecosystem?

Pth Network is a financial Oracle that provides high-quality on-chain data across different blockchains, especially emerging ones like S. It supports various DeFi protocols with data for options, lending, and more.

What challenges do DeFi builders face according to Sean from Scallop?

Sean mentions that advanced features like debugging are crucial for developers. Tools that help identify potential errors or bugs in smart contracts can significantly assist developers in the development process.

How does Tommy from Typus view the challenges from a business operation perspective?

Tommy believes that the main challenges are related to security, promotion, liquidity, and user acquisition. He emphasizes the importance of engaging users through initiatives like Dynamic NFTs and educating the market on complex financial products like options.

What is the significance of Tiles by Typus according to Tommy?

Tiles by Typus is a Dynamic NFT used as a user engagement tool. It serves as a representation for users to interact with the Typus ecosystem and is part of their strategy to attract and retain users.

What are the main responsibilities of Pth Network as described by Andy?

Pth Network's main responsibility is to support existing DeFi applications by providing accurate and low-latency financial data on various blockchains, which is crucial for the proper functioning of DeFi protocols.

How does Pth Network differentiate itself from other Oracles according to Andy?

Pth Network differentiates itself by directly sourcing data from first-party data owners like market makers and exchanges, ensuring high data quality. It also offers a push-oracle model that allows users to choose the frequency of price feed updates, which is cost-effective and scalable.

What are some of the future DeFi 2.0 applications or real-world asset applications that the panelists are excited about?

The panelists are excited about the integration of real-world assets into DeFi, the potential for index funds and ETFs to be built natively on-chain, and the role of AI in simplifying user experience and development processes for DeFi applications.

How does Andy envision Pth Network supporting DeFi 2.0 applications?

Andy sees Pth Network's role as providing solutions wherever there is a demand. This includes onboarding more data providers from the traditional financial world to offer new types of financial data on-chain and ensuring a user experience that mimics traditional finance with low-latency data.