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.

Outlines

00:00

🎙️ Introduction to the DEFI Panel Discussion

The video script opens with a panel discussion hosted by Cynthia, focusing on APAC and DEFI growth within the S Foundation. Participants are invited to introduce themselves and their projects. Tommy from Typus introduces his company as a derivatives protocol on S, starting with options and introducing Dynamic NFTs called Tells for user incentives. Sean from Scallop describes Scallop as a lending protocol with tools to facilitate programmable transactions without coding. Andy from Pth Network discusses their role as a financial oracle providing on-chain data for emerging blockchains, supporting various DEFI protocols. Cynthia highlights the rapid growth of the S DEFI ecosystem, particularly the impressive increase in TVL from $3 million to $750 million within a year.

05:03

🛠️ Technical and Business Challenges for DEFI Builders

Sean from Scallop discusses the importance of advanced features like debugging for developers to identify potential issues in smart contracts. Tommy from Typus addresses the business operations perspective, emphasizing security as a native feature of the S network and the need to focus on promoting the platform to attract liquidity and users. He mentions the use of Dynamic NFTs to engage users and the challenges of educating the market on complex financial products like options. Andy from Pth Network talks about the infrastructure support role of Pth, the fast finality of the S network, and the challenges of bringing innovative financial assets on-chain due to liquidity fragmentation and data source limitations.

10:05

🔮 The Role of Oracles in Supporting DEFI Innovations

Andy elaborates on the necessity of a strong Oracle within the DEFI ecosystem, discussing the primary challenge of making new financial assets available on-chain. He highlights Pth Network's role in providing financial data on-chain and their efforts to find data sources for innovative products. The conversation touches on the importance of having an Oracle that can offer low latency and high-frequency data, which is crucial for the functionality and user experience of DEFI applications.

15:06

🤝 Collaboration and Support within the DEFI Ecosystem

The panelists share their experiences with Pth Network, emphasizing the community support and performance as key reasons for choosing Pth as their main Oracle provider. They discuss the importance of timely support for developers and the need for high-quality data with minimal latency. The use of Pth's data for settling options P&L and the variety of price data offered by Pth for different financial products is highlighted. The panelists also appreciate Pth's confidence level in their price data, which ensures transparency and trust in the settlement process.

20:07

🌐 Envisioning DEFI 2.0 and the Future of Finance

The panel concludes with a discussion on the future of DEFI, with a focus on DEFI 2.0 applications and real-world asset integration. Tommy anticipates the creation of index funds and ETFs natively on-chain, attracting traditional investment companies and leading to mass adoption. Sean envisions AI playing a significant role in both development and user experience, making DEFI more accessible. Andy from Pth Network outlines their commitment to support DEFI teams by providing solutions wherever there is demand, including expanding into traditional financial data and ensuring a user experience that mirrors traditional finance.

Keywords

💡DeFi

DeFi, short for Decentralized Finance, refers to financial services that are built on blockchain technology and operate without centralized control. In the video, DeFi is the overarching theme, with discussions focusing on its growth, challenges, and future innovations. The script mentions various DeFi protocols and applications, illustrating the evolving landscape of this financial ecosystem.

💡S Network

The S Network is a blockchain platform that is mentioned in the script as a host for various DeFi projects. It is highlighted for its ability to facilitate the creation and operation of DeFi applications, such as the derivatives protocol Typus and the lending protocol Scallop. The script emphasizes the network's role in the growth of the DeFi ecosystem.

💡Typus

Typus is identified in the script as a derivatives protocol built on the S Network. It is focused on providing options trading and is developing perpetuals, which are a type of financial contract with no expiration date. The script discusses Typus's efforts to enhance the trading experience for both institutional and retail users, making it a key example of DeFi innovation.

💡Scallop

Scallop is described in the script as a lending protocol within the DeFi space. It allows users to earn interest on their digital assets or borrow different forms of digital assets. Scallop also contributes to the S Network ecosystem by developing tools to simplify transactions and maintaining open-source software for developers.

💡Oracle

An Oracle in the context of the video refers to a service that provides external data to smart contracts on a blockchain. The script discusses the role of the Pth Network as a financial Oracle, emphasizing its importance in supplying high-quality, on-chain data for various DeFi protocols, which is crucial for their operation and the broader DeFi ecosystem.

💡NFT

NFT stands for Non-Fungible Token, which represents unique digital assets on a blockchain. In the script, Typus collaborates with Studio Mara to create 'Dynamic NFTs' called Tells, which serve as an incentive system for users. The use of NFTs in Typus illustrates how NFTs can be integrated into DeFi protocols to enhance user engagement and represent value.

💡Liquidity

Liquidity in the script refers to the availability of assets in a market that can be quickly bought or sold without affecting the asset's price. It is discussed as a critical factor for DeFi protocols like Typus, which rely on trading volume for their operation. The script mentions the challenge of attracting liquidity to DeFi platforms to ensure their sustainability.

💡ETF

ETF stands for Exchange-Traded Fund, which is a type of investment fund traded on stock exchanges. The script anticipates the integration of ETFs into the DeFi space, suggesting that on-chain ETFs could bridge traditional finance with DeFi, potentially leading to mass adoption of DeFi applications.

💡AI

AI, or Artificial Intelligence, is mentioned in the script as a potential facilitator for the growth of DeFi 2.0. It is suggested that AI could help in onboarding new users by simplifying the use of DeFi applications, making them more accessible and user-friendly, similar to traditional web applications.

💡RWA

RWA stands for Real-World Assets, which are tangible assets that have value in the physical world. The script discusses the integration of RWAs into DeFi as a significant development, indicating that representing these assets on-chain could open up new opportunities and use cases for DeFi applications.

💡Liquidation

Liquidation in the context of the script refers to the process of selling a borrower's collateral when they fail to meet the terms of a loan, such as repaying debt or maintaining a minimum collateral value. It is highlighted as a concern in other blockchains due to slow finality, but the S Network's fast finality is praised for addressing this issue.

Highlights

Cynthia from S Foundation hosts a DeFi panel with prominent builders.

Tommy from Typus introduces their derivatives protocol and dynamic NFTs.

Sean from Scallop discusses their lending protocol and tools for easier transactions.

Andy from P Data Association explains their role in providing high-quality financial data on-chain.

Discussion on the rapid growth of the DeFi ecosystem and impressive metrics.

Challenges faced by DeFi builders include advanced features for developers and user engagement.

Typus leverages NFTs to enhance user engagement and simplify complex products like options.

Scallop highlights the importance of community support and high-frequency price feeds.

P Data Association's innovation in sourcing first-party data directly from high-quality providers.

Typus uses PCE's reliable price feeds for settling options and ensuring transparency.

Scallop and Typus both emphasize the role of PCE in providing low latency and high precision data.

Future DeFi applications, including real-world assets and AI integration, are discussed.

Andy highlights PCE's mission to provide solutions based on market demand.

Discussion on bridging the gap between traditional finance and DeFi with innovative products.

Final thoughts on the importance of continuous support and innovation in the DeFi ecosystem.

Transcripts

[Music]

hello hey everyone it's me back again uh

my name is cythia and I'm with s

Foundation my main era of focus cover

APAC growth and defi growth so today is

my great pleasure to host this uh def

panel with our most delicated Builder

song sweep uh to start with I would like

to invite uh all of our participants

today to quickly introduce themselves as

well as the project they're building on

sle so starting from Tommy um starting

with Tommy from typus Hello uh I'm Tommy

I'm the founder in CEO at typus and

typus is building a derivatives protocol

on S and we start with options and on

the other side we also have this uh

Dynamic nft called tells by typist we

collab with Studio maray to be do the

unan user incentive system so overall

typus is uh deriv protocol for djans and

currently we also uh building perpetuals

so in the future you can trade Perpetual

you can trade options with your TOS

level up your tows on typus all at uh

all in once so it's uh we're trying to

provide the best uh trading experience

for most DG and Retail users yeah thank

you yeah so next we have Sean the uh the

tech lead from scallop yeah hello

everyone I'm Sean Tech lead as scallop

yeah scallop is actually a lending

protocol where actually you can put your

digital assets for getting some interest

and also you can put one form of digital

assets to get to borrow the other form

of digital assets

and plus the landing protocol we also

actively joining the building of the S

ecosystem currently we have also built

the scalop tools which is like make it

easier for users to make

transaction programmable transaction

without doing any coding and we also

maintain some open source software for S

developers such as 3 K and our scalop

SDK yeah thank

you yes so hey everyone this is Andy

from uh P data Association so I mainly

help with event strategy and APAC uh

business uh yes so pth Network as you

may know we are a uh Financial Oracle so

provide low ly high quality data onchain

uh in different blockchains especially

those emerging blockchains like s and we

I think we support most of the diva

protocol in s uh per options forign

lending etc etc so I think our mission

is to bring the next generation of

Finance sound chain and uh provide uh

the best service for financial data on

different protocols and for the next

generation of D5 yeah thank you guys so

much for um the quick introduction and

I'm super happy to see you guys again in

Vietnam because I know you guys have

been with us to a lot of different uh

different countries and just now I

actually did a presentation on the

states of su Defi and I think a lot of a

our audience will be impressed by how

far how fast our defi ecosystem grow and

especially on the Matrix side you know

like the T grow from $3 million to the

peak of $750 million over just like one

year that's like really incredible uh

achievements So speaking of our defi

growth I want to ask our existing like

builders on typers and scallop cuz I you

guys are with us since day one and then

we overcame a lot of challenges along

our journey and uh today to Star Wars I

want I wonder so what do you reckon um

are the main challenges um faced by

existing D5 Builders like herself

onwe um maybe we can start with Sean

from okay yeah I've been building on S

nwork since like 2022 quite a long time

for more than one year and I think s is

actually doing already doing a good job

at onboarding new developers the

builders to Street n world because when

I first un Bard on street I found is

like there is like a very

like a lot of documents for you to learn

from and the examples are easy to follow

when you go through all the examples you

almost know all the Core Concepts of of

S network and also s actually have many

other channels where you can ask

questions or you can even as a group

where you can chat with people to share

with your ideas and find your team it's

it's it's very places for you to like uh

know different kind of questions and

answer share your ideas but in terms of

like the challenges I think as a builder

side I think maybe one of the thing is

like Advanced features like debarking is

for developers is very important to like

for examp you want to find potential

errors or find potential bus for your

contract and that one maybe if it's come

to can be a like like launch will help

the developers a lot when they develop

when they come up to write the account

track yeah that's one of the things yeah

that's great to hear I think like you uh

cuz you came from a really technical

background so so I think you really

touch on some you know really good

points about uh some of the technical

challenges faced by existing buus and

Suite and uh I want to hear like your

answer like Tommy can you tell us like

maybe more from business operation like

perspective so uh starting was I think

when we are buing on S the least uh

challenge that we need to think about is

security I think security is just uh

Native building features of sweet

Network you just you don't need to worry

about that and the use in the developer

experience like Sean mentioned is so

good so what we need to worry about is

actually how can we promote site to get

more liquidity to get more uses and how

can we like approach existing crypto

users from aut chain how can we attract

them into the ecosystem so like tiles by

typus is I think it's a great example

for like a D5 protocol launching a

dynamic nft to like actually it's a like

a it's a hold for users to remember

typers to actually engage so I think uh

I think every D5 project on S actually

needs an nft as like a user

representation for you to engage with

you your users so in a business

perspective I think that's one thing

that typist did good and the other thing

is uh what we build is still a very

complex product like it's options so

it's not like it's not not everybody

trade options even in tread F so it's

still a complex stuff so what we are

facing is how can we educate people how

can we get more users trading options

how can we increase the penetration of

options in the long run so what what we

did is starting with Tes by typus but we

also do a lot of like short videos

educational stuff we work with some KL

we work with some like groups that can

actually educate their community so I

think Community liquidity and uses is

the biggest uh or most important factor

that a defi protocol such as typus we

run we we survive by having trading

volume so this is the key factor that

we're trying to get we're trying to

strike for yeah yeah uh that's a really

uh great perspective from you know like

Builder's eyes and now I want to ask

Andy because I think like pece will be

you know in a different like situation

cuz uh you know like the main

responsibility of peace is to actually

supports existing defi applications so I

actually want to hear from your

perspective uh having been with like uh

with S network since day one what do you

reckon on the main challenges and uh uh

face by existing D5

Builders yeah I think this is uh pretty

interesting from a infrastructure

perspective because we're supporting

we're actually playing a supporting role

for the defi protocols to grow in the

ecosystem right so we I was talking to

Tom and uh uh SE on on on the stage

before coming so uh we were thinking

about I was surprised because uh I was

talking to Sean about the me uh

challenges uh in device space and turns

out actually they don't worry about the

me stuff at all on Street the reason why

they don't worry about this is because

uh the fast finality uh nature of sweet

Network so maybe on other blockchains

it's too slow for uh a liquidation to to

to finish but on S it's actually not a

question to worry so I think this is uh

some challenges that may be faced in

different blockchains but uh I think s

that a great job on this and also I want

to mention about uh from the data

perspective uh the like there are some

Innovations in the space for example

like LSD pairs so the availability of

this kind of digital assets on different

blockchains is uh very challenging for

protocols to actually uh to actually

bring this Innovation on chain so uh

people have to have this kind of uh

price feeds or have this kind of data

available on this blockchain so that

they can build this kind of financial

Market but actually uh because of the

liquidity fragmentation or there are not

lots of uh let's say suppliers or data

source of this kind of uh digital assets

it's very hard to build this kind of

innovative products here on on on stre

but uh actually we as in financial

Oracle uh the aim to bring this

financial data onchain we are actively

looking for data sources like this and

then to provide this uh as much as

possible for this Builders and Def

protocols to bring this new innovation

sound chain so I think the primary

challenge right now is uh the

availability of training this new

Financial assets on chain and I think

everyone in the def5 space are trying

very hard to deal with this including

the S foundation and including the

builders in the S

ecosystem yeah and I guess that's why we

really need like an Oracle and a really

strong one within the defy ecosystem

yeah yeah yeah yeah so I was uh I was uh

watching your presentation on I was

surprised because the the the Deep order

book uh concept uh I think this actually

tackle with the problem of uh liquidity

fragmentation and how people can

actually make the transaction happen

quickly as fast as possible have the

same ux as centralized exchanges yeah

for sure and I think that's like the end

goal like we have for the defi ecosystem

to really Uno like 1 billion users and

to provide like offchain trading

experience on chain and speaking of that

I have another question for you Andy so

why do we need uh so uh just now we tou

on the point why do we need peace and

now I would like love to know more that

how does peace separate itself from the

rest of your

competitors yeah this is uh I think a

question that people always keep asking

about for pth uh and to put it very

short I think pth is bringing another

concept of in the Oracle space to to the

def space uh the reason why is that we

don't think we we want to directly go to

the data source so we don't trust

actually those data aggregators or third

party data uh to bring this Innovation

on chain because we think uh if you want

to have the high frequency data uh the

very accurate data you have to go to the

data source directly to Source this data

uh and then bring this financial data on

change so p is differentiating from

other oracles is uh that we have a very

strong network of data providers they

are all first party data owners that

from like market makers uh decentralized

exchanges centralized exchanges and

other uh data owners that actually

possess this data and then they want to

be incentivized to provide data for defi

protocols to use use so we have uh this

uh def5 uh data provider network of uh

let's say the b names

wintermute uh let's say sio from uh from

the US and also uh exchanges like seta

sound Street and also centralized

exchanges like binance okx uh other

players to support this uh price feeds

and then we can bring this uh High

Fidelity data on chain and also we I

think we innovated a poor motor Oracle

that is differentiating from the first

uh edition of oracles that continuously

push data on chain uh the the challenge

here is about how people can bring let's

say in the future you need 1,000 or

2,000 financial markets on blockchains

then pushing oracles they have to push

every price feeds on the destination

blockchain uh and then it causes a

availability and also the cost issue

because as an oracle provider they

actually can cannot bear the cost of

providing 10,000 price feeds every 1

second to the blockchain but for po

oracles we actually don't update the

price feeds directly on chain but we

give this freedom to those divers

actually you can choose your frequency

you can choose when you want to update

the price feeds uh whenever you want so

this actually solved the questions of

how we can expand this financial data to

let's say in the future we have 10,000

uh financial markets sound chain so yeah

I think to put it short these are the

answers why p is differentiating from

other oracles yeah thanks for your

detail explanation and breaking down

really complex Concepts around like how

pce actually supports defa applications

into Super understandable uh phrases and

now I'm actually turning to our uh

Builders onu like scallop and typers so

I actually I know you guys have chosen

peace since the day one and I wonder

what's a rhm behind that and how do you

guys actually leverage piece for your uh

def

application oh yes like peace is one of

our major Partners since the very

beginning like the reason why we choose

pece because of two things community and

the other is like the performance like

for Community time when I remember I

first like uh integrated with P I go to

the Discord and ask question I didn't

expect to get the answer in a short time

but actually they answer me immediately

and follow follow that I I get a very

good impression on P and lately when I

answer questions for the later days also

answer me very in a time in a very

timely manner I felt that the support

community support from the peace team is

quite good you can always get the timely

support and solve your problems answer

your questions that will be very helpful

for people to developers and get on

board Integrity with peace and the

second reason is about performance you

know performance is quite important for

our def5 protocol you know we always

want to get the price like make sure

that the gap between the price is like

as little as

possible like even under 1 seconds like

this will be ideal for our protocol I

think pie is very qualified for our

criterial and by the way I found that

pie like currently on cover the most

number of assets for in terms of price

fees right so that's right the reason

why we choose peace to as our main

Oracle providers

yeah oh yeah so I think the when we are

benchmarking p uh oracles such as piss

Supra chain link whatever I think one of

the biggest advantage that P have is

they have this primary data source from

a bunch of very high quality provider

and I think that's the main reasons why

we have the biggest or the highest

confidence over the data that piss give

us to to to type is and the the the the

way we use piss is very uh important

because we use piss to settle the p&l of

options so this settle price is all

public and uh trackable on Chan so that

all our users they won't be like

complaining about like typus is doing

anything just dodgy your sneaky because

we use piss as a settlement price and

also piss has this they not only have

like uh very high frequency price they

also have different kinds of emap

different kinds of uh uh average price

that we can use to settle like longer

term uh expiry options such as weekly we

use emap uh to to settle weekly and we

use like uh the exact price to set

settle hourly or daily options so I

think uh piss is just the perfect

oracode for typus for derivatives uh

protoc Cod use and in the future when we

are use uh building Perpetual we

probably need like high frequency

liquidation data I think that's also a

perfect like scenario for us to leverage

piss and also piss has this uh

confidence level for the for for their

price so that confidence sometimes level

can show that how much uh how precise

this price is when we are settling this

so it's all traceable and it the primary

uh data source is very good and the

technology the performance and the pool

model is just economically good so I

think there's no reason we choose

another price fit yeah yeah so I guess

like our audience here today when they

walk out of the door they will just

remember that P the biggest stressful

piece is they offer very um low latency

and high frequency data with super high

precision and uh uh it's really

interesting like uh for us to look back

and uh to to you know have a look at the

defi growth over the over the past year

and uh I think like right now we have

been discussing you know what's coming

as defy 2.0 applications onu as well as

maybe like auction finance that really

opens up the imagination for you know

future applications and uh uh next I

really want to discuss with you guys is

uh what are some of the defi 2.0

applications or like anent Finance

applications or even like rwa

applications that you guys are the most

excited about and why so I'll start with

uh our existing D 1.0 viers U tell me

from Finance uh from hypers um so

there's a lot of ETF recently got

registered and Bitcoin Ean and I I

expect salana 3 to probably be the next

one so I think the the the brid the gap

between like traditional finance and

defi is getting closer and closer

and we uh like personally I expect uh

the protocol like Robin Hood just

acquired bam so that's also example of

like traditional Finance taking crypto

more serious every day and I think uh

what what what what I'm expecting is

some index fund index ETF that can be

buil natively on chain and can be uh

Market to like traditional pension fund

or like big like uh traditional uh

investment companies so I think that

kind of uh liquidity will be another

level comparing to current market size I

think that's the next step for the whole

crypto stuff to to be bigger and to go

to the actually have some Mass adoption

yeah yeah oh pass to se yeah yeah like I

agree with Tommy that like this real

world assets will become a very big

train for defi in the future and also I

think that def point two is also about

unboarding more users to the defi world

like maybe I think the AI things could

be a help for unboarding new user in

terms of the Builder side and also in

terms of this like user side that's a

future Direction like maybe with AI

developers will be able to get building

defi applications much easier than now

and also with the help of AI the users

won't need to understand too much

complex Concepts using defil that would

be make it easier just like using web

two applications for like Define yeah

easy great I think both of you touch on

you know what's your expectation for uh

def5 2.0 applications and now I actually

want want to ask Andy like for what's

coming to see as def5 2.0 how do you

imagine like pce to best support this

applications yeah okay so first of all

thank you for words about pth I think

you can imagine how happy like we always

hear people saying like Okay pth is good

and we love using pth pth is very

supportive things like that so I think

to create this kind of scenario uh we

our our mission or our aim to support

those defi teams or def protocols to

build the next generation of defi or

def5 2.0 is that uh Whenever there is a

need or whenever there is a demand there

is a solution so this is the situation

we want to achieve and then how we can

do that so I hear that you guys are

actually demanding on more price feeds

that uh in the like index space ETF

space or rwa space so there is a demand

and then we want to provide this kind of

solution so we are trying to unboard as

many as possible of those data providers

from traditional Financial World such as

uh I think last month or a few months

before we have the First Banking

institution that provide institutional

data to uh to the to the pet Network

which is nura digital asset uh arm

called laser digital so they actually

provide this kind of trfi data and also

a few let's say commodity data metal

data or like EDF data index data and

other financial data to the p network so

that we can bring this financial assets

on chain so that the defi protocols on

chain can actually support this kind of

New Market which Bridge the traditional

finance and the defi world and this is

the one demand or this is one need and

second is as we are unboarding new users

as we are unboarding the as many like

users as possible and all of them

actually come from the Trad f space they

want to have the similar experience when

they do tradings or when they do

transactions on the traditional

Financial world so we want to create

this kind of user experience that makes

people feel that there's no difference

you want to exp experience on the Chad F

world and on defy world so we want to

achieve this by uh bringing providing

this kind of service that uh seamlessly

mimic The Experience on the TR five

World by bringing let's say very very

low latency data so that you can find

finalize your transaction maybe within

one second which is similar to the TR

five world so I think these are all I

think summarize this one word is that

where there's a demand there's a

solution from pet yeah I see my greatest

takeaway is if there is a demand there

will be a solution that's like the

attitude like each of us should have

here um so I guess we are like really

running out of time here and I just want

to thank you again for your dedicated uh

contributions to growing a defi

ecosystem with us over the past year and

I wish the best for uh of all of you

guys and please keep supporting us and

thank you again for everyone who attend

um this session and you know like share

sharing uh your time with us and thank

you again for uh your

participation thank you thank you thank

you