►
From YouTube: Agoric Community Call #7
Description
First Wednesday of the month we will share Agoric announcements, answer live questions, highlight community projects, and introduce new tools to help you build your application on chain. Set your reminder here not to miss our Community Call.
A
Hi
everybody
welcome
to
agoric's
seventh
community
call
it's
april
2021.,
I'm
roland
grouse,
product
manager
at
agoric
and
we're
really
excited.
Today.
We've
got
a
bunch
of
fun
announcements
to
talk
to
you
about,
and
we've
got
really
a
lot
that
we're
gonna
go
through.
B
Is
the
old
look
and
feel
the
old
style?
This
is
a
new
world
you're
going
to
be
talking
about
with
a
whole
lot
of
things
to
announce.
Let's,
let's
move
on
from
this,
shall
we.
B
That's
much
better,
we
have
a
new
look,
we
have
a,
we
have
a
new
logo,
we
have.
If
you
go
a
little
forward
right.
We
have
a
a
new
way
approaching
this.
There
we
go.
B
The
whoops
one
more
come
back,
wait
come
back
there.
We
go
so
and
and
and
that
really
ties
together.
The
the
ability
to
rapidly
put
together
components
rapidly,
put
together
new
dapps
in
javascript,
making
a
system,
that's
approachable,
extendable
and
easy
to
build
new
defy
in,
and
so
that's
the
goal
is
to
be
able
to
rapidly
build
it
and
rapidly
get
it
out
into
an
economy,
and
so
you'll
see
in
fact,
we'll
be
completely
revving
our
our
website
to
focus
a
lot
more
on
what
the
developers
need
to
do.
B
A
Yes,
curious
observers
will
see
an
upgrade
to
our
web
presence
soon.
B
That's
right,
that's
right,
and
it
goes
farther
than
that.
So
we've
talked
before
about
the
economy.
You
know
several
people
have
asked
about
what
are
what
you
know.
What
are
the
token
names?
What
are
the
key
elements
and
so
forth?
So
these
are
our
token
names
build
right.
You
know
the
system
is
all
about
being
able
to
build.
That's
the
staking
token.
B
That's
the
the
foundation
cornerstone
that
you
build
up
the
economy
in,
and
it
provides
both
staking
security
and,
of
course,
governance
and
stability
for
the
the
local
currency
that
is
used
to
glue
together
the
economy.
The
local
currency
is
run
right.
That
is
what
what
system
services
are
paid
for:
gas
costs,
naming
services,
etc.
That
is
what's
easy
for
your
dapps
to
be
able
to
take
take
for
payment,
that
is
the
primary
fee
mechanism
for
paying
validators
for
their
fine
service
to
make
the
economy
and
the
and
the
underlying
blockchain
happen.
B
So
that
is
the
name.
You
know
whether,
whether
it's
one
run
or
10
run
it
it.
It
makes
things
go.
So
those
are
some
key
ingredients
and
the
reason
why
we
want
to
bring
these
up
now
is
run
especially
is
what's
being
brought
to
the
table,
to
make
it
easy
in
our
beta
to
glue
apps
together
and
have
them
work
together,
so
so
that
I
just
had
to
jump
in
and
rant
about
and
rave
about
that
here.
A
All
right:
well
thanks
dean
and
I'll,
take
it
from
here
to
talk
a
little
bit
more
about
the
beta
itself,
so
I'm
gonna
take
you
down
but
yeah.
So,
as
you
know,
we've
been
really
excited
to
announce.
These
people
been
asking
us
for
a
long
time.
What
the
token
names
are
gonna,
be
we've
been
holding
it
internally.
So
we're
glad
that
we
finally
have
names
for
our
tokens.
You
will
still
see
some
agorax
staking
token
in
our
in
our
documentation.
That'll
get
updated
over
the
next
couple
weeks.
A
Okay,
so
let's
talk
a
little
bit
about
the
agenda
for
today
on
the
community
call
there's
really
a
bunch
of
stuff.
We
want
to
get
through
dean
kind
of
talked
through
a
new
frontier
just
upgrade
upgrading
our
web
presence,
upgrading
our
branding
getting
some
actual
token
names
out
into
the
market,
but
more
important
than
that
is
the
launch
of
our
beta,
and
this
is
and
I'll
talk
a
bit
more
about
it.
So
I
won't
do
it
here,
but
we
have
the
beta
launch
happening
and
then
we
also
have.
A
As
you
all
know,
the
incentivized
test
net
is
running,
live
as
as
we
speak
so
phase
one
just
recently
ended,
so
we've
got
some
updates
from
that.
We've
got
some
additional
stuff
that
we're
looking
ahead
to
and
just
really
a
lot
to
get
through
the
community
call.
Here,
I'm
going
to
do
a
quick
demo
of
the
beta
itself
in
a
few
slides,
but
to
start
with,
let's
talk
about,
what's
included
in
this
initial
beta
phase,
so
at
the
core.
A
This
is
the
first
time
that
we
have
a
deployed
contract
and
front
end
running
on
our
devnet,
that
anyone
can
access
and
interact
with,
and
you
know
locally.
Obviously,
we've
been
building
and
and
working
on
on
contracts
in
in
our
front
ends
ourselves
for
for
quite
a
while,
but
this
is
something
where
an
external
person
can
get
it
get
a
wallet
interact
with
the
deployed
version
live
so
dean
mentioned
the
the
currency
names.
A
He
talked
a
little
bit
about
run
the
really
the
core
mechanic
that
we're
gonna
see
in
the
treasury
and
the
beta.
The
beta
of
the
treasury.
App
that
got
deployed
is
the
minting
the
contract
minting
of
the
run
currency
for
people,
so
that
you'll
be
able
to
bring
in
collateral
mint
run
against
that
collateral
as
a
over
collateralized
loan.
I
and
then
use
that
run
and
that's
the
only
way
to
generate
run,
use
that
run
to
pay
transaction
fees
in
the
economy
and
and
to
pay
for
goods
and
services.
A
That
mechanic
will
be
the
treasury
vaults,
so
we'll
go
through
a
little
bit
about
how
those
work
and
then
we're
also
launching
the
first
version
of
our
amm,
which
we're
calling
swap
for
now
as
well,
and
that
will
be
a
standard,
xyk
curve,
but
importantly
built
so
that
it
can
be
upgraded
as
we
approach
mainnet.
So
we'll
talk
a
little
bit
more
about
that
later
on.
A
Beyond
that,
we
have
the
example
baseball
card
dap,
which
many
you
know,
those
of
you
that
have
been
following
us
for
a
while
you've,
probably
seen
it
before.
That
will
be
something
as
an
example
place
where
you
can
use
your
run,
to
buy
an
nft
and
as
a
developer,
you
can
see
how
how
that
was
built
and
how,
if
you
want
to
launch
your
own
application
related
to
nfts,
that
would
be
a
great
place
to
start
and
then
beyond
that,
we've
done
a
lot
of
work
behind
the
scenes.
A
Just
improving
the
developer
experience
improving
the
apis
for
our
zoe
and
ertp
frameworks.
Just
a
ton
of
upgrades
there
that
are
won't
be
visible
to
an
end
user,
but
as
a
developer,
you
will
see
if
you've
been
building
on
our
system,
all
right.
So
with
that
I'm
going
to
do
a
quick
demo
of
the
treasury-
and
I
should
say
before
I
start
here
and
while
I
get
this
set
up,
I
recorded
a
video
earlier
today
of
doing
a
longer
run-through
of
this.
A
So
if
you
have
additional
questions,
please
do
watch
that
video
it's
linked
to
in
our
beta
site,
which
I'll
give
you
the
link
for
later,
and
that
includes
both
the
treasury
and
setting
up
the
wallet.
So
let's
bring
this
up
here
all
right.
So
this
is
the
the
front
page
for
our
initial
treasury
dap
and
I've
got
two
things
open
here
and
actually
I'm
gonna
pull
myself
down.
So
this
gets
a
little
bigger.
A
I've
got
the
treasury
dap
itself
at
treasury.gorak.app,
and
I've
got
my
wallet
live,
so
one
thing
that
you
will
need
to
do:
oops,
admiral,
getting
updated
great
one
thing
that
you
will
need
to
do
is
is
start
your
wallet,
so
we
have
a
a
guide
that
I
recorded
earlier
today
as
well
for
that.
So
that
is
linked.
Also,
that's
where
I
would
start
and
as
as
part
of
setting
up
the
wallet
I've
been
provisioned
with
some
assets
here.
So
I've
got
some
fake
atoms.
Some
fake
build
some
fake
link.
A
I
have
zero
run
right
now.
I
have
some
fake
usd
usdc.
I've
also
already
enabled
the
treasury
app
in
my
wallet.
So
with
all
that
done.
A
The
treasury
app
looks
like
this
and,
to
start
with,
I'm
asked
to
select
a
collateral
type,
so
I,
if
I
want
to
create
a
vault
with
build,
I
can
do
that
and
I'm
shown
and
click
too
fast
there,
but
I'm
shown
a
couple
important
things,
which
is
the
minimum
collateralization
ratio,
the
ratio
at
which
my
vault
would
get
liquidated
and
then
the
fee,
the
stability
fee
on
that
vault
or
interest
rate.
A
A
This
will
give
me
a
slightly
safer
vault
and
again.
I
don't
intend
to
go
into
all
the
details
on
on
this
type
of
thing.
If
you
have
questions
on
creating
an
over
collateralized
vault,
please
do
come
into
our
discord,
but
this
would
give
me
the
amount
of
run
I
want
to
receive.
I
select
the
purses
for
each
one
and
in
this
case
I
only
have
one
purse
for
each
asset.
A
Click
configure
and
it'll
give
me
a
summary
of
what
I
want
to
do
and
then
it'll,
let
me
and
when
I
hit
create
it
will
send
the
offer
to
my
wallet,
so
this
will
cycle
through
and
this
is
actually
working
on
change.
This
is
going
to
take
a
couple
seconds
here,
but
you
can
see
the
offer
has
come
in
and
those
of
you
that
have
been
following
agora
for
a
long
time.
You're-
probably
familiar
with
this.
Maybe
this
this
might
be
one
of
the
first
times.
Many
of
you
have
seen
it.
A
We
have
an
important
concept
called
offer
safety,
which
is
when
I
am
when
a
transaction
is
getting
is
being
given
to
me
by
the
wallet.
There's
both
a
give
and
a
want,
so
the
the
protocol,
the
zoe
level,
enforces
the
fact
that
if
I
give
50
build
to
create
this
vault,
I
will
get
772
et
cetera,
run
back
or
at
least
that
much
back
as
part
of
this
transaction,
and
if
something
goes
wrong,
I
will
get
my
50
build
back.
A
That's
enforced
at
the
protocol
level
and
that's
an
important,
important
difference
that
you
will
see
with
the
gorek
versus
other
chains
that
you
might
be
aware
of
all
right,
so
I'm
gonna
go
ahead
and
accept
this
offer
and
when
that
happens,
it'll
plumb
through
the
system
my
vault
will
get
created.
This
will
update
and
I'll
see
new
token
balances
in
my
in
my
purses
here.
A
Through
okay,
so
the
vault
here
I
see
my
50
build.
I
see
the
market
price
of
build,
obviously
fake
prices.
These
are
all
this
is
all
test
net
fake
currencies,
the
liquidation
ratio,
the
ratio
that
I
would
get
liquidated
at
or
the
price
that
I
would
get
liquidated
at
based
on
these
things,
and
if
I
want
to
to
adjust
the
vault,
I
can
do
that
down
here,
adjust
or
close.
A
So
one
other
important
difference
here
is
that
if
you're
familiar
with
systems
like
make
or
dow,
for
example,
or
synthetic
susd,
you
may
be
used
to
having
to
do
multiple
transactions
to
add
collateral,
remove,
collateral
or
add
debt
remove
debt.
Here
you
can
adjust
the
collateral
and
the
debt
in
one
transaction
because
of
the
offer
structure.
So
if
I
want
to
deposit
additional
collateral
here,
I
can
go
ahead
and
do
that
and
let's
say
I
want
to
repay
some
debt.
A
So
in
this
case
I'm
actually
making
my
vault
significantly
safer
right.
So
I
can
see
the
change
to
my
collateralization
ratio.
If,
for
example,
I
was
going
to
make
a
change
that
wouldn't
be
great
for
the
system
so,
for
example,
create
a
vault
that
would
be
lower
than
the
liquidation
threshold,
you
can
see
that
the
make
offer
will
gray
out.
A
I
see
that
my
collateralization
ratio
here
is
too
low,
and
so
I'm
going
to
go
ahead
and
change
that
just
to
make
the
offer
get
notified
that
I
need
to
see
it
in
my
wallet
and
the
offer
will
come
through,
and
so
rather
than
wait
for
that,
because
you'll
you'll
see
the
same
offer
structure
that
you've
seen
before
I'm
just
going
to
take
you
quickly
to
swap
just
to
be
aware
of
the
time
here.
A
So
our
our
swap
application
is
an
xyk
amm
curve,
which
means
that
you
can
swap
one
token
for
another
token,
based
on
the
pools,
the
the
depth
of
the
liquidity
in
the
pools
that
exist
again.
Don't
want
to
go
into
too
much
detail
on
this
but
view
this
as
the
primary
way
that
you
can
exchange
tokens
within
the
agoric
economy.
So
if
I
want
it's
defaulted
to
run
here,
I've
got
772..
A
Maybe
I
want
to
buy
some
atom
with
my
run
so
once
I
do
that
it's
going
to
input
my
my
50
here
I
get
the
price,
and
that's
maybe
that
maybe
I
want
a
lot
more
adam
than
that.
Let's
say
300.
A
A
And
so
I
should
have
16
more
atoms
when
this
process
is
through
and
you'll
see
that
payments
come
in
and
the
you'll
see
all
the
steps
of
the
wallet
processing
here.
A
But
while
that
goes
just
to
summarize,
these
are
the
core
elements
of
the
agoric
economy
and
they
are
starting
at
a
simple
but
upgradable
place
and
as
we
approach
as
we
move
forward
in
beta
and
approach,
mainnet
curves
will
start
being
upgradable
so
that
we
can
not
just
have
an
xyk
curve,
but
maybe
a
curve
that
is
more
appropriate
for
stable
swaps
or
do
something
similar
to
unit
swap
v3,
where
there
is
a
liquidity
provision
within
a
certain
range.
A
All
of
that
stuff
is
pluggable
and
upgradeable
and
I'll
talk
a
little
bit
later,
but
we're
looking
for
your
ideas
and
your
help
on
on
how
we
could
build
this
moving
forward
and
how
you
could
build
on
top.
More
importantly,
okay,
so
that
that's
the
demo
that
I
want
to
show
for
the
purpose
of
the
community
call.
As
I
mentioned,
the
video
that
I
recorded
earlier,
that's
linked
to
on
our
site
goes
into
a
little
more
detail.
A
If
you
have
questions
again
always
jump
into
our
discord,
somebody
from
the
team
or
the
community
can
help
you
there.
So
I'm
gonna
bring
this
down
and
switch
back
to
the.
A
A
Here
and
not
not
mentioned
in
the
demo
again
is
the
baseball
card
dap,
which
will
be
linked
to
from
our
beta.gork.com
all
right.
So
there
we
go.
A
Okay,
so
I
talked
a
little
bit
about
plugable
curves
things
that
you
could
build
into
our
swap
on
top
of
our
swap
really.
The
important
part
of
what
we're
building
here
is
how
it
enables
a
larger,
a
larger
group
of
people
to
all
coordinate
together
to
build
an
economy.
A
So
we've
got
a
ton
of
ideas
of
places
where
you
could
potentially
help
both
with
what
we're
doing,
but
also
where
you
might
want
to
build
your
own
application
so,
for
example,
new
front
end
for
the
treasury,
plugable
liquidation
models,
so,
for
example,
right
now
when
the
vault
liquidates
it
sells
directly
on
the
amm.
Maybe
that
should
be
rate
limited
or
maybe
it
should
be
an
auction
model.
Things
like
that
make
a
big
difference
in
how
an
economy
functions
and
having
different
different
models
like
that
available
would
be
extremely
helpful.
A
A
All
right
so
where
to
get
started
head
to
beta.gork.com,
and
that
will
give
you
an
overview
of
some
of
the
stuff
I've
talked
through
here
today.
It
will
also
link
you
to
a
documentation
page
on
just
giving
an
overview
of
the
beta
linking
to
you
to
where
to
set
up
the
wallet
just
as
a
warning.
The
wallet
does
require
a
little
bit
of
command
line
for
now.
A
That
is
a
temporary
measure,
so
we
have
a
downloadable
application
that
will
be
available
in
not
too
long
for
now
we
have
you
running
it
out
of
a
docker
instance,
and
then
please
also,
you
know
I
recorded
a
video
going
through
the
setup
of
that
wallet
and
even
if
you
don't
have
development
experience,
you're
not
familiar
with
command
line,
it
actually
shouldn't
be
that
hard
for
you
to
do
so.
Please
do
watch
that
video
ask
questions
in
discord.
If
you
want
all
right
last
reminder
so
there
there
will
be
bugs.
A
This
is
the
initial
version
of
this
beta
and
the
treasury
application
we
are
building
on
top
of
it,
we're
improving
it
all
the
time.
This
is
the
first
time
we've
deployed
it
to
devnet,
so
we've
already
seen
some
stuff
that
needs
to
get
improved,
you'll
notice
that
the
latency
is
lower
is
higher
than
we
would
like
on
some
of
the
app
some
of
the
exchanges.
You
know
we're
doing
queries
on
chain
where
things
that
we
could
very
much
optimize
that
we
just
haven't
done
yet.
A
So
let
us
know
we
we
know
of
a
few
things
that
we're
already
working
on.
If
you
find
other
stuff,
please
work
with
us
to
file
it
and
we
can.
We
can
get
stuff
fixed
as
we
go.
The
real
goal
here
is
to
get
something
live
and
available
for
our
community
and
to
build
on
it
over
time.
So
I'm
gonna
talk
a
little
bit
about
the
beta
progression
here
so
phase
one
is
the
treasury
launch
initial
version
of
the
vaults
amm
run?
A
All
the
stuff
I
just
showed
especially
exciting
is
ibc
transfers
coming
soon.
So
I
don't
have
a
separate
phase
for
that,
but
I'm
grouping
that
in
phase
one
it'll
be
next
and
then
I
we
have
a
few
additional
phases,
and
so
this
is
how
we're
viewing
it
right
now,
at
the
end
of
the
day,
all
of
these
components
need
to
get
built
and
they
will
likely
be
grouped
in
something
akin
to
this.
Whether
there
ends
up
being
three
phases
instead
of
four
that
could
change,
but
the
next.
A
The
next
phase
is
the
fee
flows
for
the
economy,
so
creating
a
vault.
You
saw
there's
a
stability
fee
that
all
goes
to
helping
secure
the
economy
itself,
so
making
sure
that
that
reward
flow
flows
correctly.
That's
part
of
phase
two
phase
three
is
making
sure
that
we
can
meter
and
add
transaction
costs
in
run,
so
the
kernel
team
is
working
extremely
hard
on
that
right.
Now,
I'm
really
excited
to
roll
that
out
and
then
phase
four
is
governance.
A
So
how
do
we
make
sure
that
the
governance
modules
are
pluggable
and
can
work
the
way?
The
way
that
we'll
need
them
to
at
the
time
of
mainnet
launch
all
right?
So
that
was
a
lot
of
beta
again
I
I
know
there's
questions,
please
do
jump
into
discord
and
I
will
take
a
few
minutes
at
the
end.
If
there
are
additional
questions,
I
see
some
stuff
coming
through
on
youtube
here.
I
want
to
do
a
very
quick
update
on
the
incentivized
test
net,
so
this
is
really
exciting.
A
Obviously,
you
know
a
lot
of
stuff
going
on
in
igorik.
The
incentivized
test
net
is
just
as
big
as
beta
and
phase
one
just
completed
recently
and
had
a
ton
of
tasks
submitted
so
501
of
the
600
we
had
44
tools
submitted
for
the
challenge
task.
So
that's
a
lot.
That's
awesome
to
see
so
many
of
you
in
the
community
just
out,
building
stuff
or
integrating
us
into
tools
that
you've
already
built.
We
love
seeing
them.
There's
been
some
really
creative
stuff.
A
There,
142
of
150
selected
validators
got
set
up
and
working
with
working
with
the
rest
to
make
sure
that
that
that
gets
to
the
full
number
there
over
30
countries
represented
and
just
a
lot
of
help
coming
from
community
members.
A
You
know
I'll
try
to
avoid
calling
calling
people
out
specifically,
but
there's
been
a
bunch
of
really
active
community
members
that
have
been
really
helpful,
a
bunch
of
partners
that
we've
worked
with
on
the
validator
side
to
make
sure
that
what
we're,
what
we're
doing
in
the
incentivized
test
networks
for
them,
but
also
that
they've
they've
helped
us
considerably
and
thinking
about
how
to
structure
things,
and
it's
really
just
been
an
excellent
experience.
A
The
next
important
phase
is
the
infrastructure
phase,
so
we'll
have
more
coming
on
exactly
what
that
means.
Our
typical
process
for
these
phases
will
be
to
open
up
details
about
the
day
before
I
think
for
infrastructure.
There
will
be
some
coordination
that
needs
to
happen
early
in
the
phase
for
validators
that
are
part
of
it.
A
So
we'll
we'll
be
actually
giving
a
little
bit
more
warning
there,
and
you
should
look
for
that
relatively
soon
and
then
staking
dynamics,
stress,
test
and
adversarial
test
net,
so
not
going
to
go
into
detail
there,
but
you
know
long-running
incentivized
test
net
and
really
excited
to
just
have
a
great
group
of
validators
and
people,
and
you
know
that
also
extends
to
the
community
beyond
the
incentivized
test
net
validators,
a
lot
of
you
are
still
running
validators
on
devnet.
A
That's
where
we're
deploying
beta
to
it's
really
important
that
that
that
network
keeps
running,
and
we
appreciate
the
support
for
from
everybody.
That's
been
helpful
there,
okay,
a
few
a
few
things
to
look
ahead
to,
I
mean
a
whole
lot,
but
these
are
specific
events.
So,
as
of
we
believe
today,
there's
a
con
there's,
a
citizen,
cosmos
podcast
that
dean
recorded
that
should
get
released.
We
have
an
ama
with
steak
fish
and
I
believe,
that's
me
next
week
and
then
on
the
21st.
A
A
All
right
so
I'll
I'll
take
a
few
minutes
here
for
questions.
I
see
that
dean
and
several
other
folks
have
been
answering
in
youtube
comments
but
happy
to
happy
to
talk
to
anything,
live
if
there's
something
that
I
should
address
here.
So
please
do
send
your
questions
in
and
I'll.
Take
a
look
at
some
of
the
older
older
comments
here
to
see.
If
there's
anything,
I
should
bring
up.
A
See
looks
like
dean
has
done
an
awesome
job
answering
okay.
So
if
there's,
if
there's
no
additional
questions,
you
know,
as
always,
please
come
into
discord
and
ask
there
if
you
need
to
and
go
play
with
the
the
treasury
application,
get
your
wallet
set
up.
Let
us
know
if
you
have
ideas,
especially
please
come
in
with
them
and
let's
chat.
So
thanks
very
much.
We're
really
excited.
This
is
a
huge,
huge
update
for
us
and
got
a
lot
more
coming
thanks.