gm everyone and welcome this i have a guest cohost today rachel wilkins is with us
and she texted me and i almost i meant to like post this and i forgot she texted me right before the show and said do i have any homework and my answer to you was
warplet is your homework so we'll explain that on the other side of this intro so we'll see you in forty seconds
welcome to gm farcaster bringing you everything from breaking news to spicy memes to the deep lore shaping this vibrant digital community more than just a show gm farcaster is your digital third space where the community connects the stories unfold and the culture thrives whether you're a daily caster or just dropping by we've got the latest buzz to keep you plugged in so grab your coffee and let's dive in with your hosts nounish prof and adrienne for another episode of gm farcaster
gm farcaster it is wednesday february 19 and you are here with nounish prof and my guest cohost rachel wilkins for twenty nine minutes ish of farcaster news but we're gonna cut the news part a little short we're gonna have a guest coming in from volt on chain and i'm super excited to learn more because i'm still like understanding that area they do lending and they focus on base coins and i really do not know enough about that so i'm really excited to get a little education today on that so welcome rachel yes oh my goodness we haven't seen each other in a while i've missed you so you've been it's been a hot minute i i put
this necklace on today and i was like you know it's kinda funny because that you gave this to me at i think it was the timepieces miami which must have been like end of twenty twenty two
yeah
over a year year and a half ish yeah we're
i know i know it's so fun i love it i i was wondering if you're wearing it today yeah
yeah yep i got mine on we're matching twinsies yeah i love your little intro
so super tight woody from the nouns ecosystem who's also you know grammy nominated recording artist so yeah he created that cc zero music a while ago and he made it for noun three eighty nine which is a flamingo during a whole thing when we were doing like he there was a whole week where he did po ops with music that connected with the noun for that week and now i actually own noun three eighty nine
it's a flamingo circle it's full circle okay well we gotta we gotta dive in and i warned you all you've been warned but you know this is a good time to like you know tell your friends we're live bring them in especially if you're on twitter because they need to know how much fun we're having over on farcaster while crypto twitter is having a full meltdown farcaster is focused on warplets and what is a warplet you might ask well warpcast wallets rolled out last week and it went out to first the first 500 top users on the leaderboard just as a way to sort of roll it out and check for bugs and all that kind of thing then a thousand and now it's rolling out to an additional thousand users who've earned rewards in the last few months so a total of 2,500 should have access to the wallet now we're targeting full wallet availability sometime later this week so that was from v but the big thing was then the timeline went crazy over warplet
it and then it took off and so if you are fairly new to farcaster if you missed wowwow if you missed mole this is your moment you now have
give us the tldr for those who are watching this yes so with the when these little farcaster metas like the native ones happen they're really funny because everyone will pick up on it and then kind of run with it and do their own thing and it is it never ceases to amaze me like how funny this can get so you've got dan jumping in and saying drop the let add back the cast warpcast you've got woj saying stop calling it warplet wtf you've got horsefacts like first of all if you're not following horsefacts like go do yourself a favor and please do because he's hilarious this is from horsefacts first they said fark and i did not speak out then they said fats and did not speak out then they said warpla and i did not speak out
so like yeah farcaster outs and then we have this from cassie with a with a quote cast of sloke with the warplet chain happening quote cast chain and then there i missed the worst oh there it is hold on and then chris this is from christopher warplet is not a thing please don't make it a thing you know how hard it is to reach consumers oh let me reach for my warplet straining noises alright so dwr said okay fine a worse as in w u r s e oh my god purse worse then had this from continues oh my god no do you see all those links up there pretty much all of them have to do with warplet
wow
we're it's gonna be i told you the first ten minutes of this show today well i wanna hear the word warplet
when i when i messaged said do i have any homework and you were like basically warplet i was like okay i should probably have something to contribute to this conversation you don't even so i wanna propose now this might not
have the stickiness of warplet but i
warp stanza
yeah i know exactly what you're talking about
stanza i love it warp stanza it's a thing might not touch
by the way in the chat they're talking about something i haven't even gotten to yet i'm coming to it i'm coming to it brett and pichi i promise you we're getting there but there's there's a lot there's a lot to go alexgrover in my head warplet is a derogatory term for a short farcaster user a spin off of manlet also another one from burberry stop trying to make warplet happen with like you know the mean girls meme perfect this one had me rolling on the floor this is from pugson you're gonna have to go look at it because i can't even like you gotta get the visual so if you're only listening i want you to at this point we're at 07:47 in the then go go look at it when you get a chance or look at the cast from pugson we spent six months and 3,000,000 on this and they're calling it warplet just very distressed dude cameron when you use warplet after midnight with a gremlin so the meme started and then warplet this one oh my god like the romp purple romper got a dude like this the warplet now
what do we call i i'm not even gonna throw the the term up but there's a little bit of a moose knuckle happening there
yeah there's that then you have the severance meme your audi likes the sound of warplet your audi likes the sound of warplet no i don't think they do this is gonna be like moist very soon oh god don't do it
t l tldr we've got we've
got a breaking bad say my name warp warplit you're goddamn right
we're almost we're almost there we're almost there then the artists jumped in we have a little ai art from blockheim every time i see a warp see warplet in my timeline this is what i imagine with this cute fuzzy fuzzy thing and then yes2crypto with a little poem this little warplet went to mint this little warplet swapped a bit little warplet bought some art this little warplet played its part and this little warplet went rocket rocket rocket all the way
how can you not it's incredible oh this also from pugs and guys i spoke with the team they said anyone who says warplet again will be banned from attention any attending any future farcon
you know maybe we're gonna lose reward points for saying warplet that would be actually funny and then this from brettdrawsstuff he made this warple warple and then dan said where can i mint this so he said okay so now you can
because of course and look how cute they are freaking adorable little little take on cryptoads little cryptoads esque but inspired but i love it
warplet go back to can you imagine explaining all of this to grandma no no so there's this magical place
it's on there's a woodland internet
but at least in this little world this little world of farcaster it's so much happier like i mean how can you not laugh like i have laughed over and over again out loud to myself just reading the timeline and just reading these casts they're hilarious and then we had this from pichi it's a cute little warplet makes warplet happen warplet i choose you so cute
alright and then that's it that's it for the warplets but i have to i mean bret this this is just freaking cute
so cute
i have to say like having i mean kind of that mid phase of like i think i'm a month in now of the social experiment of spending more time on farcaster versus more the time i was spending on x it is refreshing yeah to say the
least yeah
and i feel like maybe it's just because i've been spending more time here but it feels a lot more sticky it feels like there's just i don't know it's just it's just a more pleasant place to spend your time than x
it really is it really is i i still go to x or twitter as i prefer to call it mhmm for the entertainment can't beat it just i love what i did especially this week
naomi accurate accurate yep and tutorizer we don't talk about the
dumpster fire outside we really don't
i i like the bubble i do like the bubble it's a nice little bubble like we're it's literally that spongebob meme of like like this is us like this is farcaster out the window and like we're just this is from ignoring the insanity just ignore the insanity but it's hilarious this week and so i love it when this stuff happens like this to me is so fun like i loved the wow wow i loved mole like i loved all these moments and this right now is another one of those moments that we're it's gonna be now in the like lore forever
yes absolutely there's no question so enjoy the moment this warplet shall pass this warplet shall too pass but you know it's gonna be it's gonna be fun in the meantime and like where would you rather be like laughing at warplits or like fighting about kols on twitter like no
i know it's been a week
been a week or and and also let's compare
would you rather be on you know talking about warplets and getting surprised little $5 in your warplets yeah or paying
in in your warplet yeah yeah paying for $8 on
seen be seen yeah if you don't have any warplets in your warplet are you even alive like can you imagine somebody
if you have no warplets funny is it right now if somebody is on twitter right now and just stumbles across this and goes what in the world are these people talking about what is this got a couple more things before we jump in with our guests but we need to just some other news we're making a few changes to warpcast rewards this week this is from v if you earn greater than $600 in the us you'll have to fill out a ten ninety nine to collect further rewards so we're we're we're getting legal here yeah it might be crime season somewhere else but not on farcaster it's not crime season
taxes are still a thing for now today they're firing all the irs agents as far as i know we probably still have to pay them two if we don't know which country you're in we won't be able to send you any rewards and that has to do with vpn yeah who is affected by this a small handful of users are close to 600 threshold i don't think it's me we'll reach out might be me actually might be getting close we'll reach out to you with instructions users who signed up outside of warpcast who travel frequently will still will be affected by this we'll provide a way to verify your location if you want to keep receiving rewards why are we doing this we've been increasing the size of rewards pool which means there are additional requirements we need to comply with as a us based company what if i don't want to provide this data you can still keep using warpcast you just won't qualify for any rewards we just won't send you money so there you go by the way love this from steve has added top point 1% creator on farcaster to his linkedin
and it's freaking hilarious also steve there was a little desk thing happening which was really funny so this was phil's desk lovely this is phil from bright moments and the books channel and then you had steve's desk and i want you to notice something right here i said so steve what's up with the voodoo doll on your debts
then he said it's only for people at number one and i said okay i'm mark safe from the voodoo doll and then he a fit made it official and then i also wanna shout this out from aneri putting together a starter pack of 50 plus incredible women to follow on farcaster by the way rachel we need to tag you in there this isn't meant to be exhaustive there are so many amazing women here just a starting point to highlight and amplify many on this list are actively boost engage with other amazing women so i hope this helps create a flywheel we'll keep adding to it over time so fantastic thank you for that aneri and you can click on the link and grab the starter pack so i've got like a couple more quick things so i see our guests down there they're all here we're gonna ship to them in just one second but i do have a couple more quick things literally have to switch links because yeah because there were so many so really quick let me go to this because east denver is coming up so i wanted to make sure i shout this out i know you have some you have an event there so i wanna just go through these really quick east denver based house is a reality join up and we'll learn and build together with incredible people during denver so there's going to be a based house where some hackers will be hacking and then this from samuellhuber you're at east denver you want to know your your users you want to build with users tuesday the twenty fifth 2pm room 2 will do exactly that we're building on farcaster the crypto social where you're able to connect directly with your users looking forward to see you at the workshop so if you're gonna be there on tuesday building with farcaster with samuellhuber go check that out if you're gonna be there saturday come sing some karaoke are you are you signed up i don't even i have to go
i am signed up and i and i get in and my wife is really unhappy because she is a karaoke queen and she she's not
she's not coming
that's a
has to go to stupid jobs and stuff like that's crazy
i she woulda had a blast
i know we definitely do there's plenty of work tell her there's plenty of work it won't take long to catch up really really won't
i do not have a karaoke song so i do this so we do a karaoke brunch because there's people in our chat who wanted a karaoke brunch last year i personally don't have never sung karaoke maybe i will this year we'll see but i will but i did love my favorite thing last year was a four player pac man and it was a blast and i had so much fun but also it was just a really fun fun space great food so make sure you jump in for that if you have a lil noun or one of our hyper sub you should be auto approved if not i'm going through the list and if i see people i know i'm throwing them in there so there you go awesome this is from you good news studio is excited to kick off our denver adventure next week as an official media partner for the nounishfa show opening party we'll be on-site capturing the energy interviewing key voices and bringing you the best moments from the event stay tuned and this looks amazing and our friend creatress is gonna be there doing some performance she does this really cool virtual reality art so that looks amazing and all she knows how
and there's also a farcaster meetup that is happening on on saturday night i didn't pull that cast but you can find it matthew is the host for that one so lot of fun things happening nice i wanna get our guests up here i'm not sure if they're ready so if you hear me guess i just wanna make sure we see you like and that you look ready if not i don't wanna bring you up so i wanna make sure you're ready so just checking in the chat and i do have one other quick thing that i want to okay looks like they are ready so one second but before that let me really quick while i'm just making sure they're all set i do want to shout out you did a couple other things this week rachel you have a few things happening you were in paris for nft paris and that looked amazing so each year the stages get bigger but the mission stays the same helping creators builders and visionaries tell their stories and shape the future great for for every opportunity to do what i love huge good crowd and everything too that's amazing
fun fact about that though and just a note to anybody who's a speaker never follow lucanet's
oh you were there after luca
rest of house panel right before luca yes that literally you wanna be the opening act you do not wanna be the cleanup crew it was a little rough but i i felt like i gonna
be my guest but it was it was wonderful he blew the roof off the house as always of course but yeah going after luca was not fun
so luca was supposed to be with us a couple times and had to reschedule and i think the second time he reschedules because he was had to fly out to paris like i think it was yeah
he's i interviewed him like a year ago and i have to say just seeing the the development of him like as an entrepreneur and hearing how just he's just so impressive like so impressive
he spoke to my students last year via zoom last spring and it was next level like yes super inspiring like it was perfect it was absolutely perfect
things just to kinda leave you with a nugget so one of the things that faroak was interviewing interviewing him and he said you know what's what's next for you and he just said i want you to keep me accountable which i thought was really a really cool thing to say i want i want you collectively as a community to keep me accountable
i feel bad because i feel like pangu is getting wrapped up in the solana drama like just getting wrecked and it's it sucks so but also it's just a moment yeah yeah it'll it'll be fine a couple other things you did last week was you launched good which is amazing i didn't launch it was clanker sorry clanker launched good and it has this incredible logo by brian morris who we love and adore so that's amazing and i apologize created clanker created good dollar sign good so go check that out and n f a not financial advice not legal advice you could if you haven't if you haven't been paying attention in the past week you can lose a lot of money when you play around with meme coins so be careful out there and then you also you also launched a discord which is great so i'm sorry go ahead what are
gonna say instantly had regret as soon as i launched the discord because what the hell we already have spammers and scammers in there but yes we we wanted a place for people to gather but one one cool thing about good is jesse pollock bought some so you know he talks the talk about backing community and and he was right in this we appreciated that
by the way this is hilarious just helped my mom swap her eth to base in her coinbase wallet then swapped her base for good now i'm diving into the world of clanker's wagons and memes oh my wish me luck
that is my mother why is my mom's so she just had bought like a $100 of bitcoin and she did it like we just did it through venmo like make it easy for her she already knew how to use venmo and like i get messages from her like oh mine's going up why is yours going down because now she started looking at ethereum and i'm like this is hilarious i should start doing market reports with her because it would be yeah a riot absolute riot she's like yours is doing okay i'm like oh this is mine now you're bitcoin messy what's going on sailor
believe in something beryl something believe in something beryl alright two more quick things and then we'll bring up our guests really fast we have a prop up to nouns so gm farcaster is a media partner for farcon we have an opportunity to have a sponsor for that space so a prop is up to nouns for that prop seven fifty it is open for voting if you have any questions and you're holding a noun and i'm pretty much just talking to yes2crypto i think at this point let me know but we'd love for your support for this prop and also if you got a $100 or $300 the other day you know why don't you go check out little nouns they're really cute and there is another way that you can purchase lil noun on lilnouns.auction that gives you a lot more options to look through so there you go and eventually we'll get you in there rachel so alright with that let's bring up our friends from volt on chain it's volt on chain on warpcast and twitter i think so if you're looking for them and then volt.hag so we're gonna bring them up hopefully they hear me okay i don't see i have one more person in the green room matesa but i can't bring you up mataza you i think because your audio is not connected so but i brought up cardman and congo
and mataza if we can get you up that would be great see if maybe you can connect your audio so
rachel so you had put me in touch with volt and you've been working with them and i don't know if you wanna do a quick little intro and then we'll turn it over to them to kinda talk more about what volt is
sure so i've just i met the volt guys through twitter just get got to know congo really admired him as a builder he recently made the decision to bring over the ape society from a previous blockchain that shall remain no i'm just kidding we'll tell you which one over to base and i've just had the pleasure of working with the team behind the scenes on some business development and just love this and one of the things that i said to the guys when when we were having discussions about working together i said i'm not your person like i am not a defi person and they were like no no actually that's really good because you understand the right questions to ask as you're you're the kind of the ideal client avatar somebody who is like brand new to defi so oh that was kind of our starting point because obviously we wanna make sure that we get this this tool and these you know the ability to be able to use use this protocol to everybody not just to the degens who are already active so
yeah
yeah it's great to have them here and mataza i'm still not able to bring you up and i think it's you do need to connect your microphone i think that's the problem so it's not even letting me bring you on stage but maybe we can shoot it to either congo or cardman to kind of talk more about what volt is and how it can be beneficial to folks who are in defi or learn wanting to learn about defi so i don't know who wants to take that and sort of give us a little breakdown of of volt.ag i don't know who's there
you're gonna need to unmute for me so that we can hear you we're having some technical difficulty oh there we go
how are you
hey congo good gm
sorry the mute button would not unmute on me that was not that was
not quite oh that's weird and then mataza's having i think some issues connecting the audio so i don't know if something's going on with the audio today
yeah he's in the stone age i guess i'm not sure
what's going there
obviously it should be fine now
yeah but it's not because i can't bring him
up so
like if i yeah something's something's going on there because it says device is not connected so congo can you give us a little rundown about give us like the tldr about volt dot a g and like what folks should know learn about it what are you guys up to give us a
little rundown i'll try to keep it short just because defi can be kind of intimidating to people so when we bridged the base we saw a huge gap in the market a huge opportunity in our eyes in terms of lending and borrowing and that was a lending gap that was more geared towards either newer people and or folks that hold tokens like native tokens on base that are not just eth not just the big caps right like your miggles and things like that toshi all that good stuff and we saw an opportunity there because there was no one really catering to that market so we saw a chance to help the next generation get on to defi because to a lot of new people which base has like a lot of new folks to crypto they've never actually touched defi and this is something we experienced on our on our old chain before we bridge to base a lot of folks have never never touched a real dapp and we just worked with the customer feedback quote unquote and made it as simple as possible and now you have kind of a more advanced generation of that with volt here so basically what you can do to just keep it simple because you can get as advanced as you want but for the basic user you can take your assets say miggles you can now borrow eth with it and you can do whatever you want with that eth you can make another place say you see another project that you really like that you wanna get into for now you could pay some bills or whatever it may be because payday is coming in a couple of days whatever it may be it frees you up to not have to actually sell your high conviction bags quote unquote so if you don't wanna get out of toshi at this price point maybe you wanna just borrow eth against that right and actually put your assets to work
what kind of per like what are the percentages that you can borrow against like i'm assuming there's some kind of like formula of like if you hold this much then you can borrow x percentage or something like that
yeah good very good question so it's actually a p to p protocol so person to person so the lender would actually dictate that so if i wanna set i don't know if i wanna go super low risk as a lender i could set a 50% ltv so they're getting 50% or you can go all the way up to 99 or a 100% whatever it is you want it totally depends on the pool like and the lenders that are there right now
okay really interesting and this is all based on different meme coins right because somebody had said something about nfts but is there also nft lending as well
it's just meme coins so we're we're we love meme coins but we're also diehards for utility tokens and all sorts of things like we have virtual on there arrow etcetera
i should have said coins yeah i should have said tokens not yeah sorry because even anon is a anon is a utility token
so anon is a very slept on project yeah that is a crazy good project nfts as you look in the top right there next to connect wallet yeah nfts are coming very soon we're all we're almost done so people that have base nfts are gonna
be able to do exactly what i just described with tokens but with nfts
okay very cool and that was that's similar to with the nft part of it was like what bend was doing for a while i know that that was one of the like and that became a bit of an issue with the changing market so just anyone who's sort of playing around with this in defi and lending just be very careful and and know kind of what you're doing in terms of not getting in over your head don't wanna see anybody get wrecked but very cool to be able to use those assets that you may not want to sell yet so really cool approach matassa or cardman i wanna open it up to you to add anything to this that we may may have missed or anything else you wanna add to sort of what people should know about volt
yeah so thanks for having us first of all and you know you mentioned bend and one thing i wanted to to clarify and add on is both on the token and eventually the nft side there we don't have liquidations in the typical sense so okay i mean there's still risk of course but you each each loan is time based so if if like you know there's some fud or something and like the token price drops 75% or or that if the price drops 75% in an hour and then bounces back up you actually don't get liquidated
oh okay
so you you either choose to pay the loan back or you don't within the fourteen days so if if the amount that you borrowed is less than or greater than the amount that you owe or that that the current value of your token is you could just not pay it back and then or or or vice versa so you don't have that same kind of liquidation cascades that you have on something like ben you still wanna make sure that you don't do things that that are too risky but we find that this is like a little bit safer for lenders and borrowers
saying you don't pay it back do you mean that but the i assume the collateral then goes to the lender
yes yes yes but you still have your eth and then the lender can go and sell the token so they're only the lender would lose the difference between what they lent and what it's worth now
oh interesting
and then you still have your ease
so in terms of being on the lender lending side you're setting the terms yourself or is there a certain like structure that's built in
so the way it works is that each pool which we set on our end has the amount of time that the the loans last and the interest rate the thing that you're setting is the ltv which is the percentage of the current cost of the token that you're offering so when a borrower comes to lend they'll borrow first from the person that put the highest ltv and then it goes down from there
okay alright cool rachel what else am i should i be asking about like i know you know this project a lot better than i do i'm just learning about it so what were some other things that we should know or that we should be asking and you're muted rachel stop muting people
not on spaces it's fun
i know i know i think one of the most important things and and kind of timely things to talk about is why base because you know yes as mentioned the team were building on another chain and had had a pretty successful lending protocol over there so like just i think if the team can maybe just talk why base why why still base after what we've seen with the the magical internet casino and why you're kinda feeling extra bullish especially given what happened last week
whoever wants to take that i'm not sure which one from the team wants to wants to dive in to the base question and if you're talking i can't hear you okay there we go
good claudia so we've been following base since before they even launched and we've been bullish on what they've been doing ever since originally we were looking at maybe doing like a component on base maybe just do a dapp or something and then in in the end we just moved the entire project over there base works more like a startup first off in terms of they're just like they just get things done you know what i mean like they they sprint and they actually deliver they do what they say add in the support builders which is i don't know if it's hard to come by but to us it's hard to come by and on base it's just jesse is so helpful and so is everybody else the dev tools are second to none the community is awesome everyone's just focused it's it's just everyone wants to build cool shit and have fun you know what i mean while doing it and it's just the perfect fit for our community and us as a team we just we just work better under these conditions
we agree so everything we're we've launched has been on base so for gm farcaster like our nfts are on on base we love the base team we've been sponsored by base we've received a couple grants so could not agree more and also farcaster and base just go hand in hand they really do and soon for real i don't know if you're aware of that but coinbase wallet is going to be incorporating a farcaster feed so essentially coinbase wallet will be a client for farcaster so similar to warpcast so yeah so i agree like great to see i haven't seen i'm sure someone else is doing lending on base but i have not seen it like i haven't seen it front and center so i think there's definite opportunity there for sure yeah go ahead mhmm
go ahead pooled lending on here some big protocols like moonwell but we are drastically different and that we are catering to a different part of the market for that they actually complement each other so it just it fits perfectly in that ecosystem ecosystem
great i was also gonna add in you know brock and i were talking in the back channels and i i haven't even really pitched this to the team but how cool would it be if we could get proxy and banker and you could say to bankr hey bankr you know loan out my eth for this percentage using volt like there's there's a lot of potential where this could kind of segue to
using an ai bot to yeah help you out that would be interesting or even creating pools and things like that i'm sure there's opportunity there very cool very cool
so volt is very new to farcaster but i think you'll agree professor this is this is where they need oh to
100% like 100% for if you're doing anything on base you need a presence on farcaster like period because it's it's where a lot of the builders are too so people like you know proxy is a great example like if you wanted to build something in or build on top of it or if volt wanted a frame developed like you're gonna find the folks to help you with that on farcaster so definitely great great you definitely wanna be here for sure and another question though are you all gonna be at east denver are you you know where can folks connect with you where's a good spot to reach out for additional questions and things like that and whoever wants to grab that oh there you go
can can you hear me
yes we can hear you now welcome
my god jeez i'm so sorry i i don't know what's wrong i couldn't even unmute before yeah gm gm sorry about that yeah so we're actually not doxxed so like you know going in person events in person is it's kinda tough for us but yeah you can you can contact us or connect with us like any any socials really or in our discord telegram whatever we we hit 247 even though we don't show our faces we're very like connected and and present so yeah feel free to to do that but we usually send like representation to to these events you know because we also want people to know about us and and what are we what are we building but yeah it's just a personal like choice for the three of us to know which which many people do but but yeah
yeah it's we're familiar if you're in this space there's always a yes
especially since like this week like you seem like doxed yeah people very much in danger
and people like yeah now we understand why you don't dox yes yeah we understand that
exactly you've been
here for a long time
yeah sometimes it's dangerous to be doxed so you know i get that but also great to hear your voice and i see why you should have been the per you know no offense to the other two but i like the accent so you know they you know i get why he was gonna be the spokesperson and couldn't and couldn't get the mute get the audio going there it was unfortunate yeah we like i like accents rachel don't laugh oh yours too you know
i i i didn't even like make the acknowledgment that or even realize that matassa had an accent because i've been working with him so long but yes of course
i love it
we dig it you can
you can try you can try to guess you'll never you'll never know where i'm from that's the fun part about my accent
i've yeah you sound like you have a blended accent and i want it like at first i thought it was australia but then i'm like no it's not
i don't know i really don't know so i'm i'm think something european is the only is the best guest i have or south african i wasn't sure it was back and forth
that was actually amazing yeah i'm not gonna say more because yeah i'm still on docs but but that that was a great
guest okay wow hear different things so i'm i'm guessing maybe you lived in a bunch in a few different places i'll have to i'll have to slide into the dms and see if i can learn more but i love it this has been super super fun super interesting this is an area i really haven't done much in and i think it's mostly been from fear like just nervous about it i know some friends of mine who've done some even on the lending side and they've had interesting experiences some good some bad but i think there's opportunity there as well for folks who are in the farcaster ecosystem who might wanna you know kind of lean into that part of it because there'll there'll be need on that side as well so i think there's some interesting things here so thank you guys for popping in and for anybody who wants to learn more you can go to volt.ag or let me do that one volt.ag and you can learn more about all the different token lending nft lending coming soon they are volt on chain on warpcast as well as twitter so reach out if you have more questions so anything else rachel that i may have forgotten for our friends with volt
can can i just say something real quick sure for you if you're not unsure what to ask just wanted to say like it's it's like lending and borrowing shouldn't be scary i know like for a lot of people especially like new users that never landed a bar before it's they're quite scary concepts and and and words and stuff you do and there's you know defaults for closing interest rates it's it's very very can be very scary for the first time but it shouldn't be like you know lending and borrowing especially like the way we do it's the oldest form of lending it's like a bank right like you have to pay at the end of the at the end of the loan you
pay back and yeah so yeah we we will be releasing like more more guides i think we're lacking a little bit there guides and videos tutorials out there so people know exactly what's going on but yeah volt is the simplest you were talking about other protocols there are 40 over 40 protocols on base that people most people don't even hear about but ours is the simplest and and and where like and you just have to try it out and see see it by yourself really like that that's where where we get we'll get good at it just actually trying it out just use a burner whatever don't even need to to put it in just try it out and you'll get good at it but but yeah more more tutorials and videos will come out but yeah just wanted to say like try different things because this is isn't supposed to be scary it's supposed to help you and and everyone and create this liquidity right for the
entire my my fear comes from traditional banks it has absolutely no connection to
well i mean it was yeah it was just an example i didn't mean to to have any connection because at the end of the day this is decentralized like we don't control anything it's all smart contracts right so we know that right there is the big edge against banks where where they control everything at the end of the day we don't it's a smart contract so but yeah it it was more in the sense like that you have to pay back at the end of the the ration of the loan yeah
and then one other question for you what do you have any other tokens that you're gonna be adding to token lending like for example degen or moxie or one of the other sort of farcaster tokens that people are are holding a lot of
and i don't know what that process is in terms of getting another token lined up yeah go ahead
sorry i didn't mean to take yes we this is built in a way where you can add like as many tokens as we want obviously like there's there needs to be like some sort of like quota because yeah we also have to think about the borrowers like so they're not like at risk if we launch like a a just a meme coin of 10,000 market cap and just rugs next minute and you borrow like against it like you know and lender will get like at a loss here so but but yeah we we can we we we we can't add like the process is very simple we add it but it's very quick to add the way we built it so yeah we we just set up the the the the loan duration and the interest rates to like to the according to the risk profile we give to the token you know like cbbtc is different than i don't know miggles right like the interest rate should be different because different levels of risk but yeah we just do that that map that is a formula and we just add it really and is the now
is the percentage like the based on the volatility of the token
there's there's a few there's a few yeah there's a few points volatility is one of them there's volume market cap liquidity because liquidity is actually the most important right because you know i mean i guess it's it's tie tied to the the volatility but yeah we we measure all that and then apply the interest rates but yeah we just right now we just don't add like many more tokens because we need the the the the pools to be filled up a little bit more so the the liquidity is more concentrated because for example if you go there now and the maximum pool there is i think it's like migles or something like that with 1.5 eth right if someone comes and wants 1.5 eth that pool will go to zero right and and and then no one else can borrow so we're trying to concentrate a little bit liquidity having less pools first and then from there we can add yeah add like as many pools as as many tokens as we want yeah
okay cool
it's more it's more strategic than than yeah
yeah i just know that so at least in the farcaster ecosystem like some of those tokens like degen are very plentiful so you might find find a market there for folks who want to lend and borrow based on that so something to look at i'll give you i've given given a little push little push for degen alright rachel anything else that i about anything that we've talked about at all before we before we wrap up today this has been fantastic and it's been great to have
you here i don't think so just nice to be here and and hang out with you professor and thank you for bringing the volt guys through you know as i mentioned the stellar team solid solid dudes doing awesome things and obviously always d y o r no u risk
for sure
sure
really really excited about what they're doing and yeah it's been it's been awesome hanging out with you
yeah it's been so great and i'm yeah i'm excited to dig in more it's definitely an area that i haven't explored and i feel like you know maybe at this point like the lending side might even be where i need to land so it might be something i could be doing yeah in in addition to just holding and not earning anything on it so
i gotta put the money to work there we go put the east to work alright everybody this has been awesome rachel i will see you at east denver next and again folks if you're gonna be there make sure you rsvp for brunch it's gonna be a lot of fun and we will be back friday friday's gonna be a little different 10:30am we're just gonna play poker and talk about things on farcaster so i'm just doing one i'm just doing the poker game on friday no additional show and gonna be talking about what's happening on farcaster while we're playing poker rachel if you if you are available i would love for you to play you can come play do you
no not at all but it doesn't matter it's a fun it's a fun friendly game it's fine and with that everybody this has been fantastic we will see you on friday and see you on the timeline and with that everyone bye bye