Peasant financial stewardship with STASIS!

The transcription is a conversation between two individuals discussing the launch of a mutual fund in the DeFi space. They mention using strategies such as self-custody yield farming and concentrated liquidity to maximize returns. They also discuss the importance of managing risk and the need for professional management in the space. The conversation touches on the potential of regulations and institutional adoption in the future. The individuals emphasize the need for clear communication and simplicity to attract mass adoption. All right, we got old Greg boy in here hanging out recording. Later on, we'll edit everything to make me look smart and you may be not as smart because that's how it works. We have to have the comparative analysis there. All right, I'll start using smaller words, you know, monosyllabic words. We'll leave out the prepositions. We'll make sure it's just caveman talk. How do you even like present that idea with using those words? I'll use smaller words, monosyllabic. It's about as ironic as my username. Yeah, because I was trying to hire you for peasantry one time and you said no. Yeah, I think it's just a presentation thing more than anything. We always try to make sure our heads don't get too big, so if I keep this name, no matter what happens, we'll try to stay humble. Yeah, and it keeps people's expectations lower of you, right? Because it's just like, oh, fucking peasant. Yeah, it's the whole under-promise, over-deliver thing. We just really try to nail that. Yeah, then you turn out to be the prince the whole time, you know, in the cliche kind of plot, and then things are all well again. Yep. How is the prince and all of his brothers going to be handling all of our monies and being good stewards, as you said it before? Yeah, I mean, the key for us is, number one, capital security, right? You don't want to have a bunch of money sitting in stuff that can either get locked up because it's a third-party platform or a centralized exchange, so a lot of what we're planning on doing is more of your self-custody yield farming, like your UDV3, concentrated liquidity. You're looking at something like your Curve and Convex, or Beefy and Urna have these great yield aggregators that allow us to take advantage of some staking and lending and some looping of capital. So there's a lot of that that we plan on utilizing that would make up 85% of the mutual fund itself. Yeah. I didn't know that Beefy had aggregator vaults like that. I know the ByteMasons have quite a few set up back in the day. I don't know what they're doing with them now, but... Yeah, what you do is you pair some Aave strategies with Beefy's automation, for example, like MaticX and STmatic, and so you can use that to kind of help at least partially automate part of your strategy. Yeah, like recursive liquid staking, token kind of strategies. I think we talked about this before, Cyan has like automated strategies for that. Yeah. Yeah. Maybe you can look into them and utilize their stuff too, maybe, I mean, I guess in the end all it really is is less button clicking for you to loop it all up. Yeah, for us it's a matter of when we talk about it being a mutual fund, in its truest sense, it is an on-chain mutual fund. So we are going to professionally manage on a daily and weekly basis all the assets that are in the portfolio and make sure that it continues to grow and gives returns back to the shareholder, which that's for us philosophically, a token holder is a shareholder. Your tokens represent your portion of ownership in the fund. And so our job in the simplest form is to grow the value of the fund, reduce the token supply, and through that, we can push the purchasing power of the token upward. Right. Yeah. So one thing I'm excited to see how you guys handle all this, because I know you guys all have like, I hate to use the word or the term in real life, but you guys have like real life business and finance experience. And it's one thing a lot of people just don't really realize, you know, the token holders are to some extent, you know, they're actually shareholders, you kind of got to watch out for them. A lot of time you see projects not really putting so much care and consideration into what's maybe best for the token holders, as opposed to like, what's maybe best for whoever's getting their, their, their team pay from for the team share from llama pay or something, you know. You know, in the real world, if you were, if you were, if you're a corporation, and you have all this waste and bloat, and you're not doing good for the shareholders, like you're going to catch a lawsuit, right? But we don't have that in DeFi. So and then, you know, like, frameworks are essentially like, DAO operational frameworks are essentially like operating agreements, you know, it's like a promise you're making to the shareholders that you kind of have to stick to as well. A lot of times you don't see that kind of happening properly either. So it's going to be, it's going to be a lot of fun to watch how you guys handle things and execute it all. And I can't wait to just hang out in the discord and troll you endlessly. I expect nothing less, to be honest. Yeah, I mean, someone, someone has to be there to insert the little bits of chaos to provide the contrast. So everyone can gauge and be like, oh, yes, these, these folks are extremely professional. I can tell because this one guy over here is a complete jackass. Yeah, we got a few of those already from some previous communities that we've been involved with. So we are, we are well versed in troll talk as it is. There's a whole new language. All right. So what's going to happen with the other 15%? So you said 85% is going to be in these safer strategies using liquid staking derivatives. You know, going for the lower, you know, less return, but less risk, which I think is also good for a lot of people that aren't able to be there constantly every day at their computer checking things. I mean, you know, I'm checking three times a day to see if like some new farm just rugged or something on me. So what's the what's the other 15%? I'm assuming this is going to be a little bit higher risk. Yeah, so it's kind of a basket for us. So anything that's not that blue chip yield bearing type of thing is going to be something like spot positions on certain blue chips that maybe aren't yield bearing, but we feel have a high, high probability of appreciating in the near to midterm. So and then you have some partner allocations. So we are partners with Bread Bites, Brad over at Bread Bites. He goes by Breadmaker on Discord and Twitter. Incredibly gifted trader and him and his company over the last year have have built out these strategies that since launch, at least one of his bots, Cinnamon Toast, since launch has gained about 70 percent in 10 months. And it's safe, it's comfortable. And so we have a small, very small allocation set aside for for them and one of their strategies. And and then obviously there are some opportunities for us to participate in our own ecosystem. So like we have STS Plus, which is our stable backed asset that appreciates when volume goes through it. And so we're able to take advantage of that by parking some of our more active capital that we might need for operational expenses in that as it appreciates on its own. So that 15 percent mix is going to be a bit of spot positions, maybe a little bit of of trading, maybe a little bit of partner allocations. But it's still going to be something that it's going to be strictly managed from from a risk risk profile sort of point of view. Right. Which, you know, you'd hope that most most proper mutual funds would be getting actively managed by professionals anyhow. Right. It's going to be exciting as well to have that going on more in DeFi because I think something like, yeah, this is like your your third bear market that you've you've sludged through. Yeah, this is this would be my third bear market. I started in 2014 in between the 2013 first spike and then Mt. Cox and everything happened. So I started in mid 2014. I started with Doge of all things. Actually, my first purchase, I still have the email from like Doge for cash dot com or something where June of 2014, I made my first purchase and that was twenty dollars of Doge, which I didn't hold for the top in 2021. I know people always ask that I sold a good chunk in 2017. I sold another chunk before the top in 2020, 2021. But twenty dollars at that point bought me fifty thousand tokens. So the ROI on that was was pretty nice. But yeah, this is my my third cycle. It doesn't get any easier. Just comes slightly easier to navigate because you kind of have an idea, at least a ballpark idea of what's to come, what's about to happen. And I actually wrote an article in March that a lot of people really enjoyed reading called Bitcoin's False Spring, kind of what I think is happening right now in the market and just going through that historical analysis of these last few cycles and then and then what that means moving into the Bitcoin having. But yeah, a lot of our experience on the team is built either around our business or management experience, dealing with customers, dealing with shareholders, being able to apply a lot of our life experience to this particular project, but also leveraging our crypto experience like myself, about nine years in the space, Barry, my co-founder, about seven years in the space. And then our directors are a little bit newer to crypto, but they actually give us an opportunity to reassess some of our old beliefs that we've that we've been in a long time. So those fresh eyes actually help us kind of break down some biases that we might have developed over the last couple of cycles. And we talk about potential blue chip allocations of certain certain various tokens that you feel would appreciate over time when you talk about time, what kind of what's the length of horizon that you guys are looking for when you're when you're managing this? Yeah, so for me, I always look at macro cycles, so, you know, I've been in the space a decade, I want to be in the space another decade at least, you know, so for us when we're looking at the mutual fund, we're looking at our launch window is now we feel like this is one of the best times to launch a new product because people can move on from old bad projects that they're holding just because they have a sunk cost associated with them. And there's a new chapter that can be opened now. And so what it is, is we have a launch window nine months before having, you know, 18 months before we really, really start climbing to what I consider to be all time highs. And so this product that we're launching is an ability to enhance returns on top of the underlying assets being able to appreciate through this next cycle. And so but as we move through the macro cycle, once we get to a point where we're looking at all the information available to us, we can start pivoting to a much larger portion of the fund being in stables, you know, stable staking of some kind or or or providing liquidity on larger platforms in certain percentages that give us a return. And so for us, we look at it much long range because the entire protocol is designed to be a long term investment. You know, we as much as people can swing trade if the price moves enough for that to happen. Our long term goal is this is something where people who invest for months and years are investing in stasis. Yeah, and I mean, I think all the studies and statistics kind of show that it's incredibly hard to be a proper trader, you know, like you're saying, your buddy that created these these algorithms and bots for you call them a gifted trader. You know, I think that it's it's extremely rare to come across someone that you could say they're a gifted trader with confidence and probably even they have terrible stories of incredible losses and bad calls they've made. But the key is, is it's an average, right? Like even myself, I'm a day trader and I consider myself a very good trader. I have a win win percentage of about 82, 83 percent. But even I take losses. The point is, is that how do you keep emotion out of it? How do you stop yourself from revenge trading when you do have losses? And then how do you manage your your your stress load and learn how to turn it off? Because the worst part about crypto, which is also the best part about crypto, is it never shuts down. It's always active 24 7. And if you're a trader, you could be trading 24 7, but obviously it's wildly untenable. So managing when you shouldn't be trading, making the decision when not to trade is as important, if not more important. But at the end of the day, nobody's perfect. Everybody takes losses. The key is, is the difference between a bad trader and a good trader is the good trader gets more wins than losses. You know. Yeah, I've definitely I've been definitely been been screwed over on like weird after hours trading with stocks, different platforms as well have like different hours. So I was like planning out my moves. I'm like, oh, this is amazing. Like, good job. And then you go to to make the trade and they're like, oh, no, this one, this doesn't go to 830. This goes to no. But it's it's definitely another interesting point to me anyways, because I feel that because you're talking, you know, 18 months from now and I've had the same personal opinion on how the market's going to go for for some time now. And I have a lot of the similar views as you. I kind of feel it is going to get a bit worse before it might get better. Referencing back to your paper about the fall, spring and I still do think that it's a while out before it is going to get a lot better. And I don't think too many people are really looking at those longer time horizons, you know, like you're saying 18 months. You know, I think most most projects these days, especially, you know, like we're kind of amidst a little bit of a fork season. Right. I don't know. I don't know if too many people are looking more than a few months down the pipe. And it's it's nice to see more of those kind of longer time horizon views and strategies coming into the space. I feel like that is something that is also missing from it as a whole. And, you know, you talk about 18 months from now and then converting into stables. I really hope that we do see some positive, at least just not insanely corrupt regulations in the pipeline by then. You know, maybe Circle can get like a special purpose banking charter. You can start getting more confidence from like institutional capital moving into the space. And that would be really exciting because I think your protocol and your team would be positioned quite well if such a transition like that happened. Yeah, I think a lot of times people use TradFi as kind of like a boogeyman to justify what we do in DeFi, and I think that's the wrong angle. I think if we're going to really want mass adoption, we have to stop acting so self-defeating. You know, the way we run protocols, the way we entrust certain people who, frankly, if they're a 20-something engineer who's never managed money before or never managed a company before, you probably shouldn't give them $10,000, $20,000, $50,000 of your money. But unfortunately, the market so far doesn't dictate that people act that way as a standard. And so for us, what we wanted to do is we wanted to take an established idea that more and more of the general populace understands or at least has some base knowledge of and apply it to the potential of DeFi. The earning potential in DeFi on average is significantly higher than TradFi. We know that to be true. But the problem is, is TradFi just doesn't want to come to us. And I think it's because the way we talk about this space is self-defeating. I think we are in this echo chamber where we use terms like yield farming and concentrated liquidity and liquidity wrappers and all this other stuff that when they hear it, it's literally a different language they don't understand and it alienates them. And I think a lot of people in the space do it because they want to sound smart and they want to sound like they're on the cutting edge. Well, that's great. But the cutting edge is kind of lonely, you know. So if we want mass adoption, we need to talk about it in a way the masses will understand. So we wanted to be able to bring what we consider something masses will have an easier time getting mutual fund and bring it to digital assets. And then we can actually start building this bridge from TradFi to DeFi and then we can meet them kind of in the middle. Right, and I think I think another big part of it, and I don't even know how to word this properly because this turns into a really deep rabbit hole, but to put it as short as possible is this idea of like investment safety. And a lot of times, too, people come back to to regulations like a buddy of mine that I did grad school with. There's a bunch of guys in my grad school who were who were all like older. You know, we were all just like a bunch of old dudes going back to school. And he works he works with some kind of investment firm and they're pretty big time. And we would talk about crypto and he's just like so against it. And he's like, if it all fall with a single stroke of a pen and I'm just like, Jesus Christ. But that is true to a certain extent. And another friend of mine who's been a dev for about six years and has been in crypto and traditional finance for a good while, we we've talked at ends about this. And I think, you know, one thing that would be really good to see progress is the concept of essentially insurance, you know, like even though, you know, I'm sure we all have our opinions about banks and and and different governments and how they they handle their monies. But, you know, still, when you have that that idea of like the FDIC backing your deposit, you know, whether whether you believe in that or not, but it's that idea of of this safety, you know, and then with corporations, there's there's all these regulations like we talked about before, you know, which which also is a double edged sword when you think about corporations have to do what's best for the shareholders. That that could be a good and a bad thing. But again, you for a lot of again, I wouldn't even just say institutional money, but maybe older people who is having their money handled by institutions, they they see crypto as just like this huge risk. And maybe one day we can get to a point. And I think that's something you and I talked about before. Like I know people can individual people can can open insurance policies for specific protocols and contracts. But it'd be really cool if like a protocol as a whole could just offer insurance across the board on all of their contracts. I think that's something that would be extremely appealing to that specific crowd. It would probably be insanely expensive, though. So we're going to have to be waiting on that. But what are you talking about? You talked about Circle getting a certain type of license and that sort of progress of regulation, which we should all be on board to some extent to have just clarity, not necessarily control, but just clarity about what specifically we can and can't do and and just and how it how it's being viewed by our governing bodies that we are domiciled that, you know what I mean? And so but but it's one of the things where we talk about mass adoption. There's like two types. There's institutional mass adoption, where like the financial sector, all their back end, you know, they can start integrating blockchain or they can start integrating digital assets. But then we have retail mass adoption where people can, as an individual investor, like you said, they've entrusted their money with E-Trade or eToro or whatever, you know, different like investment houses. Yeah. And and so and but what they can do is they they have the ability to be welcomed into the space, into digital assets. I think despite people's feelings about Coinbase, Coinbase has always done a great job of being able to onboard laypeople, you know, the normies of the world. And so so there is something there where there is a compromise to be made, where retail mass adoption, where people put a portion of their personal portfolio into digital assets in some kind. That's where I think the key growth sector is for for us, especially in this space we call DeFi. And and so that's kind of where our focus is with Stasis is to be able to provide an onramp. You know, obviously, the first phase of Stasis is very DeFi heavy, you know, but even the Dapp, even though it's very simple, it's still very DeFi heavy. But phases two and three, we want to build out that more Web2, you know, TradFi experience over top of the protocol and give people an opportunity to, you know, test the waters without feeling so intimidated. Right, yeah, and once again, the direction you're going, if we do end up seeing that pivot and change the direction your your project and your plans are heading, I think would be well positioned for that. And and yeah, I don't know, like quick, quick side ramp because you're talking about bringing it back to circle and governing bodies. I mean, there are those two as far as the United States are concerned, because a lot of people look to the United States and what's going on here is as far as markets are concerned in crypto and in DeFi and there's also traditional finance. I mean, how it wasn't it was like two years, the first one and a little after the second one, there were those presidential executive orders for studies and recommendations on crypto and especially stable coins. And the president work group, the FDIC and the OCC all worked on that. And I thought, you know, their report and recommendations was was actually very, very good. I was actually surprised. And with the OCC working on it, I was hoping it would go this direction because they kind of followed similar logic in those older cases, states versus OCC, where the banks were trying to shut down fintech companies and what fintech companies were doing and growing and progressing because they were going to take away market share from the banks. And the OCC, they always get their way when it comes to these kind of arguments and they just shut the banks down and they're like, no, this is the way this is the direction technology is heading and this is what the customers want. So like y'all going to have to suck it up. And when that happened, I was just like I was standing ovation just like, oh, my God, this is I can't believe this is happening. And they said in those studies and recommendations, they straight up were talking about like, yeah, you should give some of these these stable coin issuers like Circle a special purpose banking charter. And that would help a lot because that was going on with states versus OCC. These fintech companies wanted to get special purpose banking charters and and then Jeremy from Circle was all over the news for a minute, you know, going on about how, you know, of course, he would support this and welcome a seat at the table and everything. But we haven't heard much in the way since then. And it's kind of upsetting to me because I feel like the United States, if they if they if they grab this bull by the horns, so to say, we could get essentially what would be like what I've been calling the petrol dollar 2.0. And but I don't know, it seems everything's gone cold. So hopefully, hopefully things like that pick back up. And then when we're looking at the 18 month time horizon, when hopefully things start getting better again, I think you guys would be positioned quite well for that. And like, yeah, being easily, easily interacted with, you know, which will be a good starting point for people first getting into the DeFi space. And then maybe by time, then you can have like a really nice insurance policy for your whole platform as well. And we're all going to get our cake and eat it, too. Yeah, I think the point you're bringing up is kind of the paradox of the world we live in now, especially with the advancement of technology. You know, technology moves so fast, but government by its very nature is is a slow moving mechanism, you know, and so especially when your government doesn't represent you from from an age standpoint, you know, like our Congress and Senate are 58 on average, 64 average, you know, so so you're always constantly dealing with both a generational gap within government, like look at how often something is socially acceptable. And then, you know, 10, 15 years later, the government's like, all right, cool, this is legal now, where if they were in tune with the public, it would have been legal in that moment that the general public kind of accepted it. So there is this like the slow moving machinery of government clashes with the increasing speed of society now, especially due to technology. And so that progress you're talking about with with the OCC and in stable coins, I see that as progress, clear, definitive progress. But because we know that machinery works so slow, it's going to take time, which for us, honestly, because we're still early in the space, because the space is still in its infancy, we have opportunities to position ourselves as market leaders, even if it's a smaller market, you know, and so it's an opportunity for us, everybody here that's in the space still from 2021, from 2027 and before, we still have opportunities to put ourselves in a position to take advantage of what's to come. Yeah, absolutely. When you were when you were referencing just now, like what's socially acceptable, which which is which is a whole other issue, right? Absolutely. And that would go back to the the retail portion of adoption and onboarding because there has to be some kind of social acceptance involved as well. And you're talking about 15, 20 years. I mean, we all know you were really hinting at marijuana. I mean, to be fair, that's that's that is pretty true. But even like even in the context of crypto, we're in year 14 and we're just getting to this point where we can have, you know, these conversations on a government level where, you know, who was the first like El Salvador, for example, made the biggest splash with having it be an accepted currency for the for the country. That was what, two years ago, you know, two, three years ago, you know, so that still took 10 years, you know. And so so even even this as an emerging asset class, it still just takes time. We wanted to go faster, obviously us inside. We wanted to go faster, but it just takes time to be able to onboard more and more of the populace in order to actually get to the point where we tip the scales so the governing bodies can also do the same thing. Right. Need need data points to to make analysis in order to formulate proper conclusions that you can use as persuasive arguments to to present to other people and to start winning that battle of social acceptance. I think when the El Salvador thing was going on was the same time that Tezos and I don't know if if people aren't aware of like the history and story of Tezos, it's very interesting. But they were going around trying and I think they did this successfully with two countries to one was like a small little little island country or maybe they weren't even an independent country, but some small little little island set up. They were setting up banking systems without brick and mortar using using crypto, which, you know, obviously like brick and mortar banking systems are, in my opinion, kind of extremely wasteful. It takes a lot of resources to set that up in the physical realm. And that was very interesting as well. But haven't heard much about that since. So hopefully we see more and more of that going into the future. Oh, yeah. Yeah, definitely. Yeah. But that's all part of the game. Right. How do we grow the borders of the space? You know, to be able to make it as accessible as possible, like what you're just talking about, that's all based on accessibility, you know, and for us with Stasis, the way we talk about it, that's based on accessibility. And and I think the more we do that with the industry in general, the more we will be able to advance that access and that adoption, you know, at least on a retail level. Great. So there's going to be a little bit of allocations of the funds set aside for some trading. You're going to be using your partner's trading body. You said it was called Cinnamon Toast. Yeah, well, it's Bread Bites. So Bread Bites and Astrobit are Astrobit's the main platform. Bread Bites hosts their strategies on their platform. And so so a very small allocation of the mutual fund will be in one of their strategies. And then within that 15 percent, we'll probably do a little bit of spot trading of assets, like more of like swing trades, you know, whether it's like, you know, we're doing TA on, say, Chainlink, you know, and it looks like we're going to be able to move 10, 20 percent over the next three months on that particular asset. We can allocate a spot position on it and then, you know, take profits as it moves along. The nice thing is, is we are moving into a market, right? We have a launch window now where next 18 months we anticipate, you know, Bitcoin to climb about 500 percent. We we anticipate these altcoins to move anywhere from 5 to 20x, depending on what they are and what their market caps are. And so the nice thing about what we're doing is we can enhance yields. We can enhance yields without taking too many risks. In fact, our risk tolerance is so low, you know, but we are also in a position where we can put the underlying assets to work both from an appreciation standpoint and from a yield standpoint. Right, yeah, that's going to be it's going to be an interesting and weird, exciting time, you know, I feel like leading into the last bull market, you know, there wasn't quite as many options. It seemed kind of clear and obvious what the what the blue chip rising stars were going to be. There's just so many chains launching now and that might be a good segue into the idea that you're launching on Polygon for some time now, way back when Polygon announced their plans to start moving in the zero knowledge proof direction. They started outsourced, they started spending a lot of money outsourcing to a lot of different teams like they got Plonky 2 built, what was that midnight thing, whatever it's called, midnight, I think something. But, you know, they have the ZKEVM, I guess, is in beta now, which I didn't even know that. I need to go over there and play around. And I've always, I've always, I've always been a big admirer of Polygon Labs and their business development and marketing side has always been super top end. So you guys have connections directly to the Polygon Labs and the Polygon team, is that correct? And you're working with them? Yep. Yeah. So through their village program, we're I like to say we're trying to be their flagship village project for 2023. And but Polygon was it was an obvious choice for us. Obviously, you are always choosing the lesser of evils when it comes to which network you want to be on. A lot of like they all have pros and cons. You know, Ethereum is the oldest, but the fees are incredibly high. You know, Arbitrum is the new kid on the block, but it's not fully battle tested. And the service providers within Arbitrum are few and far between between just simply because it's so new. Binance is great, but it's incredibly centralized. CZ can just shut it off with the flip of a switch. So when we were going through that process, we landed on Polygon because we wanted something that was battle tested. Yeah, it does struggle sometimes under load. And but unfortunately, a lot of crypto struggles under certain levels of load. And but for us, you know, we we needed to be able to afford the gas fees to execute our dynamic strategies and our other mechanisms. But because we're so focused on tradfy, because we're so focused on this idea of expanding the borders, Polygon has done an incredible job of lining up partnerships with extremely well-known corporations, Disney, the NFL, Adidas, Starbucks. They just came out with a with a partnership with EA Sports, the video game company and Nike tied together. And so it's one of those things where from a from a PR standpoint, Polygon just kind of gives us that edge where people in tradfy, people in corporate America, they know this name probably more than any other project outside of, say, Bitcoin or Ethereum itself. And so for us, Polygon was was ended up being the obvious choice just simply because it was in line with what we're trying to achieve from a narrative standpoint. And it provided us a battle tested network that was significantly cheaper on fees. Yeah, and are you following along with what's happening with all their technological developments? I mean, as far as I know, they're going to have like, like I said, DK EDM is is in beta. People are already pushing transactions on it. And it's not too, too expensive. And then as far as I understand how the technology works, the more the more people using it, the transactions actually get cheaper. But currently it's not it's not too expensive. Not at all. No, it's not. But it is still cutting edge. And for us, like if we wanted to run something that was dependable, you know, we wanted to, you know, make the safe play, I guess you would say, you know, as much as I love the technology that they're developing, especially with the zero knowledge, we are still trying to position ourselves to be as accessible to the largest target market possible. And and by trying to take advantage of, say, the new kid on the block like Arbitrum or the ZK tech, we put ourselves in a position where from a knowledge based standpoint, we limit our target market. And so we wanted to make sure that we were, you know, able to cast the widest net possible. Right. And then as they launch, because, yeah, the ZK EDM is happening and then I think they're going to be launching another chain. I think that's what's going on. I haven't been following it too closely. But are you going to then possibly expand to those later on? Or I don't even know. Honestly, I personally don't even know what's going to happen if those chains are super successful and blow up. I don't even know what's going to happen to the old Polygon chain. Maybe it won't even be around still. But do you have any plans to to move along onto those those other networks as well? Possibly in the future? Maybe. Yeah, I haven't really put too much thought into that, you know, just as because we kind of just let the experimentation run on that side for us, you know, kind of away from that. But I mean, I'll never say no or yes definitively, just because we don't know exactly what the future holds. But if there comes a time where Stasis needs to migrate, that would probably be the way we migrate. But we are we are actually implementing the Squid Router Axelar widget into our DAP that hasn't been revealed yet in the in the DAP itself, where people people ask us, are you going to go cross chain? And I said, no, we're going to bring chains to us. So with the technology that people are developing to be able to move cross chain more seamlessly like Axelar and Squid Router, we are able to stay on Polygon. Not dilute our liquidity by spreading it across multiple networks and then let people in our DAP move from any network, any token into MATIC on Polygon and then interact with the ecosystem. So for us, that seems like the much more feasible way of maintaining our strength without limiting our audience. It definitely sounds like a good and proper, feasible plan. So what other so we're going to have, you said essentially how the mutual fund is going to grow its treasury is going to be 85 percent more of these kind of lower risk, lower yield strategies with proven protocols that we all hope are are going to be safe and still around here in the near future. Some liquid staking, recursive strategies, 15 percent is going to be allocated for your partner's trading bots and some potential swing trading of your own, looking at some looking at some some longer time horizons and and macro trends. So then that leads us to then the token itself. Yeah. And I know that the token has that there's there's fees for and this is why you're here, because I don't exactly know all the details to hardcore, but there's fees. I'm not sure if it's like fees just for entering or for exiting positions or for both. And then those fees tie back to to burning the token in some way. I'm not sure if just the token straight up get burned right there on the contract level or if it's used. I guess, you know, if it's the token itself, then you obviously can't do buybacks and burns. But maybe you're also doing some of that, too. So how does how does the token work and how does the token tie into all of this? Yeah, of course. So the token STS is the mother token of the protocol. That's what we consider the medium of exchange for the mutual fund. And so in TradFi, mutual funds have MERs. Those are your management and performance fees that a traditional financial institution would charge you in order to operate the mutual fund. For us, we collect those fees, those MERs through buy and sell taxes and then certain feature fees. So for the token itself, if you were going to buy it on the open market, you'd pay a 5 percent buy tax. And then if you were to sell it on the open market, it's a 10 percent sell tax. So 50 percent total. The nice thing about our fees is, number one, our medium of exchange is deflationary. Unlike traditional mutual funds, you're going to pay two, three percent MER and then you're going to lose another five to six percent in inflation because they can just keep printing money. With STASIS, it's a deflationary token where we start with 260 million tokens and we start burning immediately and forever. And so you have a deflationary token that has the medium of exchange. So you already have a benefit there. On top of it, 50 percent of those taxes and fees that are collected by the protocol go back to the users. And so anyone who's staking or farming is going to get a portion of that 50 percent and then 10 percent of that, those taxes and fees get burned forever. So whenever we have what we call receiver contracts, so whenever somebody buys or sells the tax itself, collects in a receiver contract. And then when that contract hits a certain level, it will trigger and then distribute the tokens accordingly. And so when those receivers trigger, 10 percent of all taxes and fees that are collected are burned automatically. So as long as we have volume running through the protocol, the token supply will always be burned automatically. And then we can do manual buybacks and burns on top of that as we have revenue available to us. And so and then the remaining 40 percent, the minority stake of those taxes will come back to the treasury, either in stasis tokens or in the form of Matic. And so we have a proof of concept, right? So we have MDB, Make DeFi Better, has been running for a year despite some early struggles and despite an atrocious market after a year, that protocol is up 500 percent. So the mechanics work. We know they work. The proof is in the pudding, as they say. But ultimately, what we wanted to do is we wanted to find a way to lower what I call fixed sell pressure. So in these contracts, in this type of protocol, on the sell side, a certain percentage will be sold for Matic on the market and then sent back to the treasury. Now, in MDB, our proof of concept, that number is about 70 percent. About 70 percent of the sell taxes collected are sold for BNB and sent to the market. And that can create a decent amount of sell pressure. And so for us, we wanted to find a way, how do we maintain fee revenue but lower that number? And so we got that number all the way down to 40 percent from 70. So that lowers what we consider fixed sell pressure. And then we change the way we collect fees on the farms to continue to bring in some blue chip revenue without having to add to the sell pressure. So that's how the fees and taxes work when it comes to the token itself. And so the first year, because MDB did 500 percent, we conservatively said 400 percent for our first year. I'll be honest with you, I'll be very upset if we don't hit that because I feel like we have the opportunity, especially with the macro market being what it is over the next 12 months. I think we will do a significantly higher number than that, but we have to start somewhere. So if you were to buy the token. Hold it a year from now, sell it. You pay the 5 percent buy tax. You pay the 10 percent sell tax. So you end up with about 325 percent returns if the token itself appreciates by 400 percent. But you can then engage while you're holding the token, engage in some of the features. You can engage in single staking. You can engage in farming. And the APYs for single staking and farming are token APYs, not fiat APYs. So single staking is about 20 percent, 15 to 25 percent APY, and then farms are about 50 percent to 75 percent APY. And that's APY based on token count. And so if you were to buy Stasis, hold it for a year, put it in staking for that whole year, you would have that 325 percent ROI based on the fiat value. But then you'd have another 20 percent APY because you had those additional tokens as part of your return. And so each feature in Stasis is a way for you to amplify your return on the mutual fund because you don't need to engage in staking or farming. You can buy and hold the token and then sell it later because we have this medium of exchange that we know through the mechanics we will be able to, over time, push up the purchasing power of the token. But the mother token, STS, that's the token that we will be burning and that we will be aggressively trying to increase its value sustainably over time. The price will oscillate naturally, as you can see on the MDB chart if you look at it. But the long term trend is an upward motion and that's the game plan long term. Right. And you've been playing with MDB since the very beginning when they launched, right? And you get to see everything that they've done and maybe when they launched things were a little, maybe a little rushed, a little scrambled. You get to start with a bit more of a steady foundation and viewing everything that they've done, which is important with the proof of concept issue, I think, because that then gives you the ability to analyze, to identify and isolate different, maybe not even issues, the topics that you would like to improve and then execute upon those. I am wondering, though, in regards to the token, is there anything that ties the token directly to the treasury? Like, for instance, you can't take the token and then maybe burn the token to receive a certain, you know, proportional percentage of the treasury, right? There's no kind of like payout system like that, is there? Well, I mean, that's what you would exchange the token for MATIC on the trading pair. That's kind of the point is, is we built the entire protocol, self-funded. So when we go to do our presale, 96 percent of the capital is going into the protocol. So in the truest way possible, the tokens represent shares of that initial mutual fund. And the reason we did tokens instead of NFTs is because we wanted maximum liquidity. So for you, for example, if you were to buy $10,000 worth of tokens, you could sell $10 worth of those tokens every day and be basically reclaiming a portion of your contribution to the fund, provided the price is at or above the launch price, the presale price. So functionally, that's how it works for us, is you are able to extract value from the fund through the medium of exchange, which is the token. And so but the goal is obviously long term, we see that increase in value. So for you, if you were to buy $10,000 and the token 2Xs, you now have $20,000 worth of tokens, you can start to pull out profits, take profit, which we we tell everybody, for the love of God, please take profit, because the people who take profit are usually the ones who aren't dumping tokens, you know. And so so from a health standpoint, both for the protocol and for the investor, we tell people to take profit. But the key is that you get to choose how much profit you take. And so you're able, in fractions of a token, decide exactly how much you want to exchange tokens for capital. And so while we're always cognizant of liquidity, we need to make sure liquidity stays healthy. It does represent your ability to exchange the tokens for value in the fund and back and forth. And so that's that's where our our mindset is from from a function standpoint. Right, and you brought up a really good point, something maybe we should have started off with. Actually, that probably would have been a good foundational starting point to build out and launch from. But we'll just we'll just we'll head back to that now. So, yeah, the the project is all self-funded initially. You guys have been building this out for several months now, if I recall correctly. And also in the tokenomics, there's there's no team share. And these are extremely interesting concepts to me because I have done. So many tokenomics and docs reviews over time, and those are always things that always catch me because I try to when I'm when I'm doing these reviews, I try to think of it from multiple perspectives. Right. And a lot of times it's like, oh, yeah, you know, we're going to raise all this money, but then only like 20 percent of this raise is going to go into the LP, the initial LP, the rest, you know, and it's always vague. It's like, oh, we're going to we're going to we're going to essentially like put it in our pockets and hold on to for, you know, DevOps and and whatever else. You know, sometimes it's kind of legit stuff like audits and things. And but then it's also kind of like this vague stuff where it's like, oh, you know, in case later we want to do this or we want to do some buybacks or we want to, you know, have some leeway for future potential partners and stuff. And I'm not trying to throw shade or anything, but kind of going back to this idea of looking at crypto and DeFi from the perspective of like an older traditional finance kind of maybe mutual fund manager or people who who manage investment monies as a whole or even just individual investors. It's kind of like, I don't know if you saw that in traditional finance with some kind of new startup, you'd be like, well, do you want to be a huge red flag? I think and then also, you know, they're like they're skimming, you know, 60, 80 percent of the seed raise and you're like, oh, interesting. And then also like the team shares, you know, you see it almost seems like a standardized norm in DeFi where the team the team shared like 10 to 20 percent. And and once again, I'm not trying to judge anyone. You know, maybe someone works their ass off and the protocol does really well, super successful. And maybe they earned that that 10 to 20 percent, you know. But I think most of the time and this this used to be a fun hobby of mine, I would always try to find the multisig. I would try to find the the year in or the llama pay contracts when they when they do vesting contracts and whatnot. And I like to see where everything's going. And unfortunately, 95 percent of the time you see a lot of just the team share getting dumped. So those are also two very interesting items. Or three, I guess, interesting items that maybe we should have started off with. But the self-funded development, I think, is really awesome. The fact that a lot of it, a lot of the initial because obviously you need to take a good amount of the initial for for Treasury to start building that. But a good chunk of the initials going into LP, there's no and the rest of it. We know what you're doing with it. There's no like, oh, we're just going to hold this in the Treasury for whatever reasons we're going to make up in the future. And we don't even know what reasons we're going to make up. Those are all really, really attractive items, I think, that you don't necessarily see in the with the traditional, if that's even a proper way to say it, but with a traditional DeFi protocol. Yeah, the the market dictated some weird behavior. You know, how many times actually most almost every project I've ever seen. They'll start with a white paper. They'll raise money from their customer base, use that money to build the product. And you just kneecaps your customer base by 30, 50 percent because you use their money to build your product. It'd be like wanting to open a restaurant. Opening the doors with no chairs and tables and then asking your customers to buy you the chairs and tables so you can run your company. And so for us, we wanted to focus on actually treating it like a startup. And in the real world, if you want to open a coffee shop or a restaurant, you build everything. And then when it's ready and it's operational, you open the doors. And so for us, we decided the bear market was a great opportunity to revisit some of these things that we just accept to be true in the space. You know, for example, there are no locks and there are no timers and spaces. There will be no hostages in our protocol. That is something that a lot of projects just accept that that's part of their system. And it bothers me so much because we talk in the space, not your keys, not your crypto when you're talking about centralized exchanges, centralized platforms, not your keys, not your crypto. And then you come to DeFi and you lock your money away for months on end into a DeFi project. And you can't tell me that's not the same thing. And so so for us, philosophically, that was one of my red lines. No hostages and spaces. There are no timers. There are no locks. You are free to move, provided you consider the taxes and fees. You are free to move throughout the ecosystem at your prerogative. And so when it came to the project itself, I when we talked to the team, it was how can we do this differently? So part of it was, all right, self-funded. We're going to build the entire product in the dark and we're only going to go public when we have a clear timeline to launch and that everything will be operational at launch. And and I asked him, I was like, have you ever seen a project do this before in the space? And everything was like, no, we've never seen that before. And so it was like, OK, we're going to do that. Then it was an opportunity for us to be like, all right, bear markets are a great place for changing norms. And so let's change the norm. And because I think what it is, is so many projects are those 20 something engineers. They don't have a lot of life experience and a lot of business experience. And frankly, they might have big brains, but they have very small wallets. And so the only way they can bring their idea to life is to raise money from their customers. And so this was an opportunity for us to do the opposite, pay for it ourselves and bring the product to the customer when it was ready. And so when it comes to the team allocation of tokens. We just we believe in the mechanics, you know, like like I said, we've we've been observing this proof of concept for a full year. We know the mechanics work and it was an opportunity for us to go, you know what? We don't need tokens. We're going to buy our own tokens. In fact, almost everybody on the team, I think everybody on the team, including myself, is participating in the presale with our own personal money alongside the users. So not only are we not getting free tokens, we're buying them at the same cost basis and at the same level as all the users. And so but the key is, is we're doing that because we believe in our product. It's it's the same philosophy as if you were to open a business. You're not going to open a restaurant unless you believe into your deepest core that it's going to be successful, that you're going to make this work and you're going to make money long term. And so for us, a rising tide lifts all ships, you know, where we are. We believe in the protocol itself. So there are things that we could do that might seem like a short term sacrifice, like no tokens. But long term, it's healthier for the protocol and it justifies a way for us to really dig our heels in and be as motivated, if not more motivated. So for me personally, it was a big upfront cost. I will eventually recover those costs. But the first thing I'm going to do is take care of my team. You know, there's members on my team that have a little bit of back pay. So we do have that portion set aside, that four percent set aside to take care of some of the operational costs that have accrued over the last couple of weeks, you know, including just making sure that my team is cared for. But all that money, 96 percent or so, goes directly into the product. And so for us, it's just a matter of how do we treat this like a real business? And those opportunities presented themselves as surprisingly direct contradictions to the way this space has operated for a very long time. And we hope it's a sea change. We hope more people expect the projects that they're investing in to have all of their documentation done, their website done, their product done, audits done. Our audits are going to be done this weekend, if not tomorrow or Tuesday, before the presale. And they're going to be published before the presale. You know, find me another project that has done that, you know. And so it's just certain little opportunities for us to be able to legitimize our philosophies, kind of institutionalize our opinions about the space. And I think ultimately it's going to be what people want. Right. And that all kind of goes back to what we were talking about earlier with the longer time horizons. And then when you see like team tokens just getting kind of dumped and tying that into the faith that one may or may not have in their own project, because that's always kind of disheartening as well. When early on in a launch, you just see a bunch of team tokens getting dumped and you hope that deep down in their heart that they do have faith and commitment in the project. But then at the same time, it's like, dude, like, why are you just like kneecapping your own project by just dumping all these tokens? And then on the other hand, it's like, you know, yeah, like how else are they supposed to get compensation? You know, you know, at some point, you know how we do that because we're investors, we can utilize our dynamic strategies and set our take profit and we can use that as our passive income. The key for us is the average team, the average age of the team is like 40. You know, we're all financially secure in our own personal lives. We all have a significant amount of business experience out in the real world, you know, and and each of us, we're not launching Stasis for it to be our primary income source. You know, this is something that I was telling somebody earlier today. I was like, I had a kind of a Thanos moment where all I heard for a year within these communities is there's there's no there's no good projects to invest in. Really, there's no teams that I can really trust. And I got to the point where I was like, fine, I'll do it myself. So and so we got a group of like minded people together. We have a proof of concept that can act as a foundational structure. And then we built all these little enhancements and new innovations into the protocol. So so for us, when we talk about passive income, we hope Stasis becomes that for everybody, including ourselves, because not only are we invested in it, we can we can profit off of it long term through our own system. So like dynamic strategies, no one's ever seen dynamic strategies in DeFi before. And so for us to be able to implement that on day one, the moment everything goes live, I think that's going to be a huge win for for the team and for all the users. Right, and we've multiple times we've we've we've talked about age and experience, you know, and yeah, I know quite a few very young software developers and coders, great people. A lot of them are, from my perspective, extremely mature, you know, and this is so cliche sounding, but, you know, extremely mature for their age. But there's just, you know, there's there's first off the concept of Dunning-Kruger syndrome. I mean, and I'm so not trying to be negative here. It's just kind of a fact that, you know, there things exist in the world and it takes time to understand them and master them, you know, like carpentry or building a house, right? Like you may understand like, yeah, this is the house. These are the things in it. But until you actually study the engineering, you actually do it yourself, you understand all of the different techniques and how all ties together, you really don't you really don't have a mastery of it until then. And when we talk about business and business management, there's so much that goes into that, especially communication and creating pipelines, SOPs, sticking to that and all of life is negotiation, right? And like there's that department out of Stanford that specializes on studying the art of negotiation, so to say, that's existed for about 50 years now. And especially when you get into the psychology of things, you know, so much money and time has been spent researching essentially the psychology of business. And these are all things that one just doesn't understand until they actually take the time to learn it. And there's only so many hours in the day, you know. So obviously, if you have many more years of adult life, you know, after, you know, high school and undergrad and all of that, and you just it's just a simple fact, you had more hours to study these other things to where you can then utilize all of the knowledge and experience of people that have come before us to then make your own business operation more successful. And yeah, I see that a lot in DeFi. That's one thing I try to help with personally is with communication, negotiation and overall, like business operation and management, because one person can't do it all, obviously, right? Like, I think the coders need to just be locked in a basement and coding, you know, don't even see the light of day, keep them chained up down there. But that's kind of rude. But speaking of the situation with age and experience, I'm not trying to be rude or disrespectful, but I just think that it's a simple fact that needs to be taken into analysis. And that's another thing that I really like about your team and project. Yeah, I think it comes down to care, you know, and I think because Discord and crypto is, you know, anonymous or as anonymous as it can be, and it is surrounded by people who do think in binary logic, you know, whether it's code or simply just their personality type. I think a lot of it comes down to just care. Like people don't know, people don't care how much you know until they know how much you care, you know. And so for us, when it came to approaching this is we've seen so many projects where the genius who created it lacks even the basic understanding of user sentiment and investor psychology. And so for us to be able to kind of flip that on its head, design an entire protocol that maximizes sentiment that cares for the user, just the idea of handing as much control back to the user as possible through our dynamic strategies and through the internal farm migration and stuff like that. It's all based on psychology. And so for us, situational leadership, the inverted pyramid of leadership, these are things that are like core tenants to the team that we tried to design a protocol around those ideas. It's like it's sentiment first, investment second. But it's an idea where we can go through and we can design our systems based not on maximum profit, but maximum sentiment. And obviously, sentiment is heavily weighted in profit, but it doesn't need to be the only thing. And so what we find is that not all of these young engineer types are bad, per se. It's just everybody's brains are going to be wired differently. Somebody who's an expert at code might not be an expert at human relationships, you know, and somebody who's an expert in math might not be very good at negotiation, kind of like you were saying. And so it comes down to what is your priority? What can you subcontract? What can you delegate? And then obviously, what's your top priorities for how you want to actually operate as a business and as you know, as a team? Yeah, absolutely. I mean, I've always as a kid have been a huge fan of social and behavioral psychology, history, anthropology. But human beings just fucking fascinate me, man. Like what crazy animals like the human experience is a trip, dude. So I've always so naturally then I've always gravitated towards paying attention to that and paying attention to those studies and especially in business. And you're talking about investor psychology, and that's just something once again, like that takes time. Like my understanding of social and behavioral psychology has come from, you know, 20, 25 plus years ever since I was maybe a teenager, you know, looking at it and studying it. And it takes it just takes hours to to get that study and understanding, which once again is something that I feel like, you know, an early 20s coder engineer just isn't going to they just haven't in no disrespect to them. They just simply haven't had the time to learn all of that. You know, they're they're learning all these these different coding languages. Maybe they're full stack front end, back end data infrastructure. That's a lot to learn right there. So it's just you just simply one person cannot cannot learn everything that that early on in life. There's just simply not enough hours in the day. You you have mentioned, though, multiple times now the the custom automated strategies that you're setting up is something that I feel other comparable mutual mutual fund mutual fund protocols may not be utilizing yet. So no, we we invented it. So it's ours. Yeah. How's that all go? What's give me give me the sell on that. I want to I want to hear all the dirty details. Yeah. So this is like our key innovation, right? Like people, you know, people can try to gossip and call us copycats or whatever. But I think dynamic strategies is going to be something that I would be shocked if I don't see a dozen or more projects in the next 12 months have this some fork of this idea. And so what it is, is every staking pool and farm in existence is standardized. You put your capital in your LP tokens in and you get paid a specific reward. There is no ability to customize that. There's no ability to choose what your reward might be. And you you just you either have to play the rules of the staking pool or farm or you don't. And so for the first time, you are able to customize what happens to your rewards and you can automate that and walk away if you wanted to. So we're trying to find a way to make passive income actually passive, because currently staking and farming, unless you just want to accumulate that specific reward, you have to go in and have some sort of manual intervention, whether it's daily or weekly, to change the reward into a stable coin or some other blue chip that you might want to hold. And so with dynamic strategies, you get to choose between compound, accumulate and take profit. And you can set those percentages in increments of 10 and you can walk away. You can set your specific custom strategy and walk away or you can change it as often as you like. So as the market conditions change, as the macro market conditions change, you can update your strategy at any given moment to accommodate for that change. So, for example, if STS is trading in a historical range, let's say between five and seven cents, there's a historical range that it's been trading in over the last several months. If it's at the top of that range, you would increase your take profit to take advantage of the higher profit from the cost basis. And then if it's in the lower range, you would increase your compound to take advantage of that cost basis when it comes to your accumulation of tokens. The key is it's your prerogative. You get to choose. And so for the first time, you'll be able to customize and automate your own personal strategy within the confines of the staking pool or the yield farm. And so it's something that I think so far has resonated with so many people is that you're a different investor from me. You have a different risk profile than I do. You have a different portfolio management than me. And so within that dynamic strategies, the take profit actually goes into our stable backed asset. So within these protocols, there's a fork of XUSD from the XSURGE team. And what that is, is that's an appreciating stable backed asset. And so what happens is there's these little taxes on buy, sells and transfers that fold back into the contract and they cause the existing tokens to appreciate. And so over time, this token has its own what I call APA, annual percentage appreciation. It's not a yield because you're not getting anything extra. It's just the tokens that you hold appreciate themselves. And so but what we did is in this protocol type, for example, MDB, they have MDB plus where we have SDS plus. They have a passive use case for MDB plus where it's one of their LP pairs and you can use it to farm. But within our dynamic strategies, we created an active use case, an active utility for SDS plus and it becomes our take profit option within dynamic strategies. So, for example, if you were to put $10,000 into a farm and that farm is getting 50% APY and you set 100% of your take profit in your dynamic strategies, if you went zero, zero, 100, which is our shorthand for saying you did 0% compound, 0% accumulate and 100% take profit. If you were to set that and walk away, theoretically in a year, you're going to have about $5,000, actually closer to probably $6,000 in SDS plus in your wallet. That's backed completely by USDC and you can take it and you can do whatever you want with it. That is passive income. And the fact that you didn't have to manage it on a daily, weekly basis and the fact that it's backed, it's fully collateralized by USDC, you would be able to come back and use that. And the key is because we spent so much time building in the dark, we don't need to move the goalposts for you. We don't need to have you walk away for six months and come back and be like, you added two new features and now my money is not making me money. What happened? Because we see protocols do this all the time, where they'll pivot into a new feature, they'll pivot into a new letter, letter token, that you start getting confused about how many tokens they actually have. And so for us to be able to utilize dynamic strategies and actually put this to work, this customization, this automation of your specific strategy, it's going to be really powerful when it comes to people's overall sentiment when it comes to utilizing the protocol. Yeah, that's a huge issue. You see that all the time. I mean, back when you and I first met, you know, I was like the beginning of the last bull run. You know, I was in a bunch of different servers. I was I was modding so many different servers back then. And you would see that so much and you still see it, you know, a lot to this day. Obviously, we're in a bear market, so things are a little more quiet. You know, the servers aren't hustling and bustling. I mean, Jesus Christ. I remember when the bull was ramping up like the spooky swap server on Phantom because Phantom was just blowing up super hard. Like, oh, my God. Like, you just go into the you go in there and it's like the chat was just nonstop moving. There was like no pause. It was just messages, messages, messages. And that's something you would see a lot of, you know, like new projects launching and then perhaps failing really quickly. Farm weights changing around. Like you said, projects just kind of rushing to launch because they didn't take the time to build in the dark and get all their ducks in a row. So they're pivoting. And you would see that all the time people would come into the discords, be like, yo, what the you know, what's going on here? Like, you know, I haven't been been making any money in weeks, you know, like, oh, you know, I was on a sailboat, you know, whatever. Like everyone doesn't have the opportunity to be there to manage this stuff on a daily basis. And you would see so much of that. And it still happens to this day. You see a lot of that to where, yeah, people people enter their positions. They think it's good. They come back, you know, a month or two later and they're just like, what the hell is going on here? Even even with with lending markets, you know, the rates change often. Things happen. You know, sometimes terrible things happen. We like it. But yeah, that's a very that's a very common thing. So I think it's good that that is a issue that you and your team have identified and you're trying to address and solve because that is a very a very realistic, common issue in DeFi. Yeah, a lot of a lot of this comes back to the core tenet that we talked about before is like, how much control can we hand back to the user while also maintaining the structural integrity of the protocol? You know, so dynamic strategies is one a user suggested to us and we immediately implemented it pre-launch is an internal farm migration. So our farms, we have two of them. There's a 4 percent deposit withdrawal fee on the LP token itself. So making and breaking LPs is tax exempt. And then we we found a way to collect fees on the deposit to actually lessen the cell pressure, that fixed cell pressure I was talking about. But a user asked us if there's a way for us to be able to migrate between farms internally without having to pull out of the farm, incur the 4 percent, break and make new LP and then put into the farm another 4 percent. That's 8 percent fees. That's pretty heavy. And obviously our whole goal was how do we make this fair, but also maintain the protocols structure. And so we talked to the developers and we were able to get implemented pre-launch this internal farm migration where you can essentially it's a zap function where you can move from one farm to the other with one click and it'll only cost you a 2 percent fee. And so that's great because what that does is that allows you to kind of game the APY. So if the APY is a lot higher in one farm than the other, you can move across and take advantage of the APY. Or if you've just been like we're in a bull market and people have just been sitting in the Matic farm enjoying the underlying appreciation of Matic and they see that the market's topish, you know, and they want they want to protect their fiat value of their farm, they can migrate across to the SCS Plus farm for a 2 percent fee and protect their fiat value because SCS Plus is that stable backed appreciating asset. And so if the market were to drop 50 percent from that point, half of their LP becomes this appreciated and stable backed asset. So they protect themselves from any market losses. So so but again, that's how much control, how much control can we give back? And that all, again, comes back to sentiment. How do we maximize sentiment at all times? Right. User sentiment is very big. Definitely need to have a good narrative running out there in the public. Want people to be feeling good and comfy with your with your project. And, yeah, it's an interesting it's an interesting. It's almost paradoxical in a way. It's an interesting dichotomy. Maybe we'll say that is it's at the same time these are it's a managed mutual fund. However, you are trying to at the same time put as much user control back into the hands of the participants. So it's a very interesting concept. And, you know, I I personally like the idea of it. I know some not not similar projects like not managed mutual funds, but other projects that are working on different DeFi concepts that are trying to do the same thing as well, which goes back to what we were just talking about is making things more easily managed to where people can get into their positions and set it. And then they can, you know, go on that sailboat trip for a month feeling comfortable that like, you know, things are going to be hopefully relatively similar when they get back. Yeah. Yeah. I think real world passive income, if you're like invested in a bunch of dividend stocks and stuff like you don't check it more than, you know, five minutes a week or, you know, 10, 15 minutes a month, you know, if if you're talking about like that real passive income, passive income is kind of a misnomer now where people think like you never need to touch it. And that's not the case. Like it's it's kind of a spectrum, you know, like active income and passive income is a matter of how much time do I need to commit to this in order to earn this amount of money? And so for us, it's just a matter of how do we make this this definition of passive income in this space actually a bit more passive? And so that was the ultimate goal. Yeah, I don't even I don't even look at my my stock portfolios anymore, man. I'm just I've committed to just not even looking and tell things come back. That is funny, though, because earlier we were talking about like trading hours and after our trading. That's how I kind of got stuck in one position. I was trying to make a swing trade and it was it was a high dividend. It was a high dividend situation and, you know, how they do the they do the different dates for determining when you're holding it and and and to do the dividend distributions. And then, yeah, I think this was I think this was on on some app, you know, and thereafter, ours trading was different than I thought it was. And then, yeah, I missed it, you know. And then the next day opening, it just dumped and I was just like, oh, man, so I don't even look at that thing anymore. I'm just holding on to it, you know, one day, one day it'll all come back. But who knows? And we're not focused on that right now. Anyhow. Yeah, of course. No, my my my operations and community director, Michael, he's in the he's in the audience, the gentleman. He he has a very significant background in finance. He worked for, you know, a top two financial company in in Tradify and he's huge spreadsheet nerd. He loves the whole optimization thing. He's helping us with with that like kind of game plan. Him and Steven from the DeFi Dojo, they're like kindred spirits. They like I think they would make like the perfect nerd baby if they had a chance. And and so, yeah, he he has a lot of stories about trading on the market when it opens on a weekly basis. And it can be frustrating because, you know, there's only so much control you have when when you're when you're able to put in an order or change an order or or move through that process. So, yeah, it's something nice that about crypto like you, you do have the freedom to do it at any time. But it's also a double edged sword where it becomes a bit obsessive as well. Yeah, and you see you see different like cultural trends across the market, you know, a lot of times I'm just like, oh, Asia's waking up. Oh, you're oh yeah. Oh, there's always dumping. Goddammit. Yeah, we talk about Asia waking up all the time when Mike and I are looking at different TA and different positions is like, oh, he's going to wake up in a couple of hours. We got to kind of anticipate that. Right, so, yeah, I know you I know you're a busy guy. I know you had an hour scheduled for this, and I know you just can't resist hanging out with all of us and having a good time here. But it's been great because all of my AMAs this week have been very, like, very rigid. Let's talk about Stasis, you know, so to have one that's more laid back, more podcast esque where we can talk about a little bit of everything. It's actually been a nice change. But I do have I do have a commitment at two o'clock, so I'll have to go relatively soon. But is there any other questions maybe from the audience or that that you had about the project itself before we do like our little giveaway? Well, I was going to I was going to ask you first if there was anything specifically that you wanted to talk about that we haven't covered yet. Any any any features, any any alpha, any anything in general that we haven't covered? Like we haven't talked about the NFTs and I kind of wanted to get there, but yeah, that's something you want to do. So anything we haven't covered yet that you might want to talk about? No, we can definitely talk about the NFTs. Oh, my gosh, they're so popular. We published an article this morning of doing a bit of a deep dive explainer for them, if anybody's interested. So it's the Stasis Viking Collection NFTs. These are 700 AI generated, but heavily edited. So Ian, who is my marketing director, he was and he's still here. Marst M4R5T Marst, he's our marketing director. He spent like a month and a half on these things. They are AI generated, but he literally edited every single one of them. And then about 40 percent of them have Stasis branding imagery in them, whether it's the Guild logo or the Stasis logo. Like on either on their skin as a tattoo or in their clothing or in the background, they're they're just incredible. They're so cool. And but we wanted to add a little flair because it's a mutual fund and that in itself is kind of boring. So we wanted to kind of give some life and flair to the project. And so we adapted this like Viking theme to to some of our stuff. And in the NFT collection, for example, it pays you just to hold it. So there's a there's a contract within the protocol that holds supply and it holds it at a certain percentage. And then as we burn supply, which we will do automatically and manually weekly, it pays you rewards for life, which is super cool. So not only do you get this amazing artwork and you have this lore and the story behind the NFT, simply by holding one, you get paid weekly passive income. And because of the way we develop the DAP, you can reroute that income directly into single staking automatically. So it's something that we set up for even your NFT income can be passive. And so so we call them liquid decaying NFTs because I personally, I usually have a lot of issues with NFTs. And so our challenge was, how do we make it attractive enough that even I would want to hold one? And so we came up with what we call liquid decay. And so the liquid part is, is you can actually redeem the NFT. So the NFTs are about 45 percent backed by tokens. You're paying for the artwork, you're paying for the story. We have a gamification that's coming later, but also, you know, you're paying for the passive income. So that that's part of that passive income. And however, at some point, hopefully when the after the token has appreciated past its mint price, when it comes to the backing value, you have the option to redeem the NFT. Naturally, we always tell people, go sell it on the secondary market. We think you're going to derive more value by doing that. But emergencies happen. People need quick access to capital in that case. And so you have the option to redeem the NFT for a 20 percent fee. And what that does is the backing tokens that are left in the contract for your specific NFT will be redeemed and sent to your wallet. And then the 20 percent fee will be left in the contract and get basically proportionately distributed to the rest of the NFT holders, at least in numbers on the back, on the backing of their token. And then your NFT actually gets sent to Valhalla. There's a function in the NFT contract where a redeemed NFT goes to Valhalla. So that's pretty cool. And it's actually named Valhalla. Yep. Yeah, that's cute. Yep. And the decaying part is in previous protocols that have an NFT like this, as the protocol matures, burns slow down naturally. It's just it's part of that process of maturation. And so and what happens there is sentiment starts to drop. You know, people start to wonder, is this really worth holding anymore? It's not really paying me very much. And so to combat that, what we did is we introduced this decaying feature where when we start, there's about nine point six percent of the supply locked in this NFT contract. And after the first week, it will start to decay by point three, three percent. It's percentage based and it's very small. So it'll technically never be zero. I think after eight years, it gets down to like two point six, nine percent, something like that. And so but what it does is every week on top of the automatic burns, on top of the manual burns, a little bit extra rewards leaks out of the contract into NFT holders accounts. And so it's just another way for us, again, to focus on sentiment. How do we maintain sentiment long term? And so these two features allow us to give people the choice or simply the enhanced earning potential of a decaying contract. But the NFTs themselves, they're broken down into seven clans. Each clan has its own lore. One of those clans is the Valkyries Vanguard, which has been incredibly popular because it's an all female clan. And Ian made them very attractive. So so they've been a very popular collection within the collection. And so we actually introduced today when we published the article, anyone who owns a Valkyrie Vanguard is going to get additional airdrops on top of their normal NFT rewards. So it's going to be like a premier clan within the collection. And so we actually wrote a little backstory about why that is. And so and then within the collection, there is a 10 rare NFTs. So the APR for all the NFTs is 25 to 50 percent. So that's the that's the projected APR for simply just holding an NFT. And but this rare collection, there's 10 of them. They're all one of ones and they are going to cost a little bit more money. So the standard mint for NFT is six hundred dollars. The rare NFTs are going to be twenty five hundred. But the key is, is we're going to incentivize them both monetarily and non-monetarily to make sure it's worth it for the holder. So there's only one per wallet and there's only 10 of them. And so we're going to have a live lottery to pick the 10 addresses that are going to have a chance at buying them before the mint. But these NFTs will have a permanent place in Asgard, which is like our VIP channel. They're going to have opportunities for different advisory topics when it comes to the development and protocol and stuff. And then in addition to that, they're going to qualify for a monthly airdrop of between 50 and 100 dollars. So the time and amount will be randomized. But what that does is that maintains the APR for the NFT. So even though it costs you more, the APR remains the same. So it maintains its same monetary benefit as holding a standard NFT. But yeah, these NFTs are incredibly cool. There's a gamification within that whole process where, let's say in a year, the price goes up 400 percent. Right. And that's our conservative projection. That means the backing tokens for the NFT are up 200 percent. You could theoretically take profit. You could just cash in your NFT, take the tokens. You may double what your mint price was on top of the rewards that you earned that whole time. And you're off. You're good. And so the more people that redeem NFTs, the more tokens that are left in the contract for the remaining holders because of that 20 percent fee. So there is an opportunity there for people to either benefit long term by holding or benefit fiat wise simply by redeeming their NFT when the market dictates it because the tokens that are backing it are worth X amount more than what you paid for it. So that's that's the NFT collection. It's actually super cool. The artwork's amazing. The Valkyries are incredibly popular. And then and then the God NFTs, those 10 rare NFTs are going to be well sought after, given all the benefits that come with them. I thought there was only I thought there was only nine of those. Wink, wink, wink. I was going to I did I was actually going to comment on the gamification part because it's it that brings in kind of like the last man standing. And it's funny that the phrase is the last man standing because that's going to tie into the next thing I'm going to I wanted to say. But because then, you know, and once again, for quote unquote investors that might have a longer time horizon, you know, we're looking at like 18 months or so possibly. So, yeah, it's like and also the concept we're talking about where you get into a position, you go away for a month, you come back, everything's changed, you know. That's something that obviously it's like you get the NFT and you you sit on that bad boy and, you know, like I'm not even going to look at it or touch it for for 18 months. I'm just whatever value going to let it just essentially, quote unquote, compound back into itself. And, you know, hopefully in like it sucks to say it like this because everyone wants everything to be up only. But it's like, hey, you know, maybe in another couple of months, three to six months, you know, there's going to be some capitulation and I'm going to ride that out. And then a year after that, you know, I'm going to be one of the last one of the last men standing in this situation. But it's funny that we even have that phrase because I wanted to make a joke about the Valkyrie collection and being like, sir, that's absolutely sexist. But on the other hand, I shouldn't do this, but I am going to inject some personal opinion on it. It's like, well, good Lord. On the other hand, I mean, come on. Like historically, women have been oppressed in society for a long time. Right. I mean, like the last man standing. It's not the last person standing. It's not. So on the other hand, it's kind of like, you know, I mean, it's going to be more fun gamification. And and also I think it's kind of cool to have I don't know how to word this again. I don't want to say like ranks necessarily, but to have different NFTs in your collection that might be sought after more and maybe even see more secondary volume because the Valkyrie collection is going to be getting those those extra airdrops and the God NFTs as well. Yeah. So how are our people how are people going to get into this this lottery for the God NFTs? Well, the the God NFTs work from the 7th through the 9th will collect specifically for this special sale. So that's something from June 7th to June 9th. We'll we'll start collecting people who are you have to be legitimately interested. Like they're twenty five hundred dollars and it's something that it's an ancillary feature outside of the token. So like if you have a limited bankroll, I tell people just buy the token like the token is where you want to be if you have a limited bankroll. But if you are interested in an NFT, the NFT mint is on June 11th. And then if you have a larger bankroll, which we hope there are several people in the project that have that you can put in for the God NFT. It's it's it's something that we want to do this live lottery. So we hope to get a good amount of interest in it. But that's June 11th. So the NFT, that whole event is going to be June 11th in our discord. We're going to we already have a presale page and a mint page built out that looks just like our DAP. So it'll be really easy to navigate. But our presale itself is starting June 9th and it'll run for either we hit hard cap or run for 72 hours. So whichever one becomes true first, that's when the presale will end. But June 9th, there is a presale for the tokens. There is a public presale, part of that presale. But the wallet cap for public presale is much smaller and the whitelist for the presale gets to go first. So anybody who's listening will have access to Alpha whitelist. So if you are listening, come over to the Stasis Discord, open up a ticket. We will get you on the Alpha whitelist for presale. So that's guaranteed for everybody listening. And then the NFT mint is public. The key is, is that for the first 30 minutes, there is a three NFT cap per wallet. And so we want to make sure that as many people as possible get at least one. So we wanted to put a cap in place to start and then we would take the cap off after that 30 minutes. Nice, nice. And the whitelist is for the token presale, correct, or are both the token presale and the NFT? Just the token presale. So because it's a fair launch, the price is the same for everybody. It's going to be one cent presale, one cent launch. So the advantages to presale are you don't have to pay by tax. The advantages to presale are you don't have to pay by tax. So you save 5% from when the protocol is live and you have to buy on the open market. And there's no price impact. So you buy as much as you want at one penny instead of having to deal with price impact on the open market. So the whitelist, Alpha whitelist gets two hour early access to presale. Beta whitelist gets one hour early access to presale and then public goes an hour after that. And so that's the advantages. I always ask people, do you want fair or do you want an advantage? Because you can't have both. And every time we see presales where they do severe discounts on the tokens, the people that got in at that price will just dump and hurt everybody that came after them and then move on. So we wanted to avoid that situation by making sure that everybody, including the team, was on an even playing field. Yeah, that's definitely a strategy a lot of people have. They just want to get in early and then dump and try to scalp like a quick, you know, 40 to 400% or something like that. And obviously, yeah, we're not under any illusions that there won't be price volatility. Like we fully expect the price to oscillate throughout time. But the key is, is because of the mechanics, we want that to be an upward oscillation, you know. And so but it comes down to setting the expectations. People can try to swing trade or flip a presale allocation into a quick first day profit and move on. That's their prerogative. But the people who are going to earn the most are the ones that are going to be engaged in the protocol the longest. Right. Okay. So yeah, it's getting close to when you got to go. I'm looking over the questions and I don't see, I think we kind of covered all of the questions we've seen here. And now that you told me that the gentleman is actually on your team. See, I see what he's doing here. He's trying to plant with that question. But I think we covered that anyways. Plans incorporate aspects of TradeFi. I think we've done a decent job. Well, I thought so. I saw Kyle Vados. So Kyle was in our server earlier this past week, all the way up to about an hour before AMA. And I'm surprised you had any questions left because Kyle asked so many. But we appreciate it because every person that asks questions, there's like 10 people who didn't ask who were curious. So I appreciate all those questions. In fact, I'm going to give Kyle the $25 USDC giveaway because of all of those questions and the fact that they've been in attendance at the AMA this whole time. So Kyle, if you want to open up a ticket in the Stasis Discord, you just won $25 in USDC. But the question is, is hedging for crypto derivatives? We don't plan on doing much with something that could potentially be considered risky. I know within the strategies that we have laid out in the white paper, we do have some lending and looping written in there. But that is still going to be in a controlled manner where the risk exposure is negligent. And so that's probably the extent of the risk that we're going to take when it comes to how we interact with borrowing or lending or looping capital back in on itself. Because when you get too far down that rabbit hole, you can really put yourself in a precarious situation. Derivatives, not so much. Some lending and looping just to enhance yields by, say, 3% to 5%. That's something that we will probably utilize in some fashion. So that's kind of my thoughts on it. They mean exactly by crypto derivatives, too, because that's kind of... That can be kind of vague and generalized, right? I mean, I think a lot of assets could be considered crypto derivatives. Yeah, I mean, Stasis could be a crypto derivative. You know what I mean? Like, it's a bet on... If call meant something like gold-backed assets or something, right? I mean, would we call that a crypto derivative? It's just a crypto derivative of gold, right? I guess you could. Yeah, I guess you could see it that way as well. I saw it more as the more traditional sense of betting on a bet of... You're placing action on action, that sort of thing. That can get pretty precarious. So that's kind of how I saw it. But yeah, I get what you're saying. You could do something like that and be considered a derivative. Betting on a bet. It's like, is this like handling futures or like selling calls and puts or something? Yeah, that's kind of where my head was going with... Yeah, you just said options hedging against price. Okay, okay. Yeah, all right. I mean, there is part of the portfolio that we have set aside where we can do some trading in smaller amounts where we can long or short the market and kind of use little leverages. But again, that's not a majority of the fund. Even that specific example is probably 1% or 2% of the total mutual funds where 85% or so is going to be stuff that is way conservative, focused on yield and security first, and then go from there. But there is always that possibility. Even like there's the possibility of us investing in pre-sales. Not right now. God, no. But at some point, the market will dictate that you can pretty much put some money into any pre-sale and get a 5 or 10X. We see that every cycle. There's a euphoria phase where you can make a 5 or 10X on literally almost any pre-sale that you come across. And so at some point, the market will dictate that we allocate a small portion of the fund into situations like that. But that's just a matter of team discretion, getting to that point where we can properly navigate it without incurring any major losses. Last bull market, the pre-sale guarantee was definitely a thing, even on just like projects that made no sense and were just like another typical fork of garbage. Yep. Yeah, 2017 was that way too. Like 2017 was no different. I remember making so much money off of stuff between September and December in 2017 because literally everything you touched went up like 2, 5, 10, 15X. And then alt season happened after that going into June or going into January, where like you saw stuff like NEO and other altcoins peak, you know, like a 5X in a month between when Bitcoin peaked and then when the altcoin market peaked. So every cycle, you're going to have like that three to six-month window where you can invest in almost anything and get a 5 to 10X. And that, from a money management standpoint for us, we can allocate a specific amount of the fund to take advantage of those opportunities. Right. Even that hamster, which I think was named Mr. Gox, even the hamster was making money last bull run. And then it's also interesting if, you know, if in that time comes your platform is successful and you guys have a big name, that almost, there's interesting psychology there because that almost creates these power reflexes cycles and self-fulfilling prophecies to where it's like, because then people are going to be like, oh man, like Stasis is investing in this. And those guys are like, you know, Giga Brain fucking Chad's that got their shit together. So and, you know, and then that just does even better for your treasury. And I'm not saying that like you guys would do that in some sort of manipulative fashion. Of course not. I'm just saying, though, that those kind of situations can lead to that kind of interesting technology. It's kind of our interesting psychology. It's kind of like what's going on with Curvance right now. Most people, when they talk about it, just talk about like the big names that are backing it as opposed to like the protocol function in what they're actually doing. And I'm not going to issue my opinion on that. It's just simply that like that's the something you see a lot of is a new project is dropping. And then instead of actually doing due diligence on the protocol function and the market fit and what's actually going on, people are just like, oh, man, like these big bags are behind it. So I'm buying, you know, so we're going to be like, oh, man, you know, like Patrick's buying this. I better buy this, too, because I don't know what the hell I'm doing. And he's smart. Yeah, that's the beauty of the blockchain, though. There's not a lot of privacy when it comes to some of that money movement. You know, you have to get real tricky in order to kind of get away with it. But yeah, I see what you're saying. You know, there is a potential there for that self-fulfilling prophecy. But I think ultimately, you know, day in and day out, we have to prove to people that they can trust what we're doing, that we're acting responsibly, that we don't let our emotions get to us when it comes to how we dictate where allocations are going, et cetera. So it is getting very close to 2 o'clock, so I do have to jump. But I appreciate you taking the time. This is actually a lot of fun to be able to have a more free-flowing conversation versus like the very regimented question and answer. This has been good. Yeah, I don't like to do the boring stuff, man. And no one wants to listen to that either, right? But yeah, get to your business. Thanks a lot for coming and hanging out. I'll catch up with you on the flip side here soon, hopefully. Of course, yeah. And if anybody is interested in pre-sales, please come to the Stasis Discord. Open up a ticket. We'll get you on the wait list. Pre-sale is June 9th. We're going to do everything we can to sell out and then start this protocol off on the right foot. So I appreciate the time. Sweet, man. I will be there. All right, cool. Thank you so much. We'll talk to you guys soon. Bye.